Kingsville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Kingsville averaged
7%
for the week of 2023-11-30, compared to the national average of
7.22% for the same period.
The average rate for the prior week (2023-11-22) was
6.87% and
one month ago for the week of 2023-10-26, the
average rate was 7.37%.
Kingsville's average rate one year ago was 6.56%.
For refis of the same type during the week of 2023-11-30, the average rate
was 7.52%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-30 | 7.22% |
Kingsville 30 Year Fixed Rate | 2023-11-30 | 7% |
Kingsville 30 Year Fixed Rate Refi | 2023-11-30 | 7.52% |
Kingsville 15 Year Fixed Rate | 2023-11-30 | 6.56% |
Kingsville 15 Year Fixed Rate Refi | 2023-11-30 | 7.06% |
Kingsville 30 Year FHA | 2023-11-30 | 6.85% |
Kingsville 30 Year FHA Refi | 2023-11-30 | 6.85% |
Kingsville 30 Year VA | 2023-11-30 | 6.97% |
Kingsville 30 Year VA Refi | 2023-11-30 | 6.87% |
Kingsville Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Kingsville, TX market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Kingsville Average Closing Costs & Other Stats
Kingsville, TX's 41 lenders originated 381
loans during 2022. The total origination value was $92,915,000, with an average loan value of
$243,871.
Kingsville's average closing costs are $5,795.
The top Kingsville lender as defined by loan originations is NAVY ARMY COMMUNITY CREDIT UNION, with
23 loans originated. Their average total fees are
$4,139, which is $1,744
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Kingsville lenders (with over 10 loans originated) are
NAVY ARMY COMMUNITY CREDIT UNION ($4,139), QUICKEN LOANS, LLC ($5,883), .
The lowest rate Kingsville lenders (with over 10 loans originated) are
NAVY ARMY COMMUNITY CREDIT UNION (5.36%), QUICKEN LOANS, LLC (5.54%), .
Kingsville, TX Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
Name | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Veritex Community Bank | $21,550,000 | n/a | 23.2% | |
NAVY ARMY COMMUNITY CREDIT UNION | $5,425,000 | $7,290,000 | 34.4% | 7.8% |
Mortgage Research Center, LLC | $3,795,000 | $4,415,000 | 16.3% | 4.8% |
QUICKEN LOANS, LLC | $9,520,000 | $3,655,000 | -61.6% | 3.9% |
American State Bank | $3,610,000 | n/a | 3.9% | |
LOANDEPOT.COM, LLC | $570,000 | $3,605,000 | 532.5% | 3.9% |
GUILD MORTGAGE COMPANY | $7,665,000 | $2,905,000 | -62.1% | 3.1% |
GREYSTONE SERVICING COMPANY LLC | $2,875,000 | n/a | 3.1% | |
First Community Bank | $8,200,000 | $2,695,000 | -67.1% | 2.9% |
Prosperity Bank | $2,765,000 | $2,560,000 | -7.4% | 2.8% |
NAVY FEDERAL CREDIT UNION | $3,425,000 | $2,330,000 | -32.0% | 2.5% |
UNITED WHOLESALE MORTGAGE, LLC | $1,800,000 | $2,240,000 | 24.4% | 2.4% |
USAA Federal Savings Bank | $825,000 | $1,860,000 | 125.5% | 2.0% |
SECURITY SERVICE | $955,000 | $1,715,000 | 79.6% | 1.8% |
Gateway First Bank | $1,215,000 | $1,520,000 | 25.1% | 1.6% |
Kleberg Bank, N.A | $2,220,000 | $1,510,000 | -32.0% | 1.6% |
PENNYMAC LOAN SERVICES, LLC | $1,520,000 | $1,485,000 | -2.3% | 1.6% |
EVERETT FINANCIAL, INC. | $1,075,000 | $1,310,000 | 21.9% | 1.4% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $190,000 | $1,215,000 | 539.5% | 1.3% |
NEWREZ LLC | $260,000 | $1,050,000 | 303.8% | 1.1% |
Wells Fargo Bank | $2,195,000 | $1,035,000 | -52.8% | 1.1% |
FREEDOM MORTGAGE CORPORATION | $2,345,000 | $915,000 | -61.0% | 1.0% |
AMCAP MORTGAGE, LTD. | $2,245,000 | $760,000 | -66.1% | 0.8% |
BROKER SOLUTIONS, INC. | $620,000 | $750,000 | 21.0% | 0.8% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $890,000 | $710,000 | -20.2% | 0.8% |
Bank of America | $695,000 | n/a | 0.7% | |
CALIBER HOME LOANS, INC. | $1,450,000 | $670,000 | -53.8% | 0.7% |
21ST MORTGAGE CORPORATION | $480,000 | $640,000 | 33.3% | 0.7% |
RANDOLPH-BROOKS | $955,000 | $580,000 | -39.3% | 0.6% |
SWBC MORTGAGE CORPORATION | $570,000 | n/a | 0.6% | |
CORNERSTONE HOME LENDING, INC. | $360,000 | $510,000 | 41.7% | 0.5% |
GUARANTEED RATE, INC. | $750,000 | $505,000 | -32.7% | 0.5% |
GULF COAST | $45,000 | $465,000 | 933.3% | 0.5% |
THRIVE MORTGAGE, LLC | $365,000 | $460,000 | 26.0% | 0.5% |
GUARANTEED RATE AFFINITY, LLC | $195,000 | $445,000 | 128.2% | 0.5% |
JPMorgan Chase Bank | $315,000 | $430,000 | 36.5% | 0.5% |
First Financial Bank | $425,000 | n/a | 0.5% | |
Mr. Cooper ( Nationstar Mortgage ) | $1,165,000 | $420,000 | -63.9% | 0.5% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $395,000 | $410,000 | 3.8% | 0.4% |
PNC Bank | $405,000 | n/a | 0.4% | |
LEGEND LENDING CORPORATION | $115,000 | $390,000 | 239.1% | 0.4% |
MID AMERICA MORTGAGE, INC. | $310,000 | $390,000 | 25.8% | 0.4% |
CROSSCOUNTRY MORTGAGE, LLC | $535,000 | $370,000 | -30.8% | 0.4% |
CMG MORTGAGE, INC. | $330,000 | n/a | 0.4% | |
Affiliated Bank | $315,000 | n/a | 0.3% | |
BETTER MORTGAGE CORPORATION | $475,000 | $275,000 | -42.1% | 0.3% |
PENTAGON FEDERAL CREDIT UNION | $275,000 | n/a | 0.3% | |
ROYAL UNITED MORTGAGE LLC | $520,000 | $275,000 | -47.1% | 0.3% |
CityWorth Mortgage LLC | $255,000 | n/a | 0.3% | |
NBKC BANK | $255,000 | n/a | 0.3% | |
SouthStar Bank, S.S.B. | $255,000 | n/a | 0.3% | |
T2 FINANCIAL LLC | $255,000 | n/a | 0.3% | |
PLANET HOME LENDING, LLC | $85,000 | $240,000 | 182.4% | 0.3% |
Truist | $240,000 | n/a | 0.3% | |
CARTER FEDERAL CREDIT UNION | $235,000 | n/a | 0.3% | |
CHERRY CREEK MORTGAGE, LLC | $235,000 | n/a | 0.3% | |
CHURCHILL MORTGAGE CORPORATION | $85,000 | $235,000 | 176.5% | 0.3% |
MOVEMENT MORTGAGE, LLC | $225,000 | $235,000 | 4.4% | 0.3% |
UNION HOME MORTGAGE CORP. | $215,000 | n/a | 0.2% | |
SECURITYNATIONAL MORTGAGE COMPANY | $205,000 | n/a | 0.2% | |
CIVIC FINANCIAL SERVICES, LLC | $200,000 | n/a | 0.2% | |
SOUTHWEST STAGE FUNDING, LLC | $200,000 | n/a | 0.2% | |
First Commercial Bank | $195,000 | n/a | 0.2% | |
First National Bank Texas | $450,000 | $195,000 | -56.7% | 0.2% |
Flagstar Bank, FSB | $275,000 | $185,000 | -32.7% | 0.2% |
Equity Prime Mortgage LLC | $175,000 | n/a | 0.2% | |
AMERISAVE MORTGAGE CORPORATION | $400,000 | $165,000 | -58.8% | 0.2% |
RB MORTGAGE LLC | $165,000 | n/a | 0.2% | |
Lone Star National Bank | $155,000 | n/a | 0.2% | |
GREAT WESTERN FINANCIAL SERVICES, INC. | $145,000 | n/a | 0.2% | |
HOME POINT FINANCIAL CORPORATION | $1,075,000 | $145,000 | -86.5% | 0.2% |
FIRST COMMUNITY CREDIT UNION | $135,000 | n/a | 0.1% | |
U.S. Bank | $890,000 | $135,000 | -84.8% | 0.1% |
WILLOW BEND MORTGAGE COMPANY, LLC | $1,905,000 | $135,000 | -92.9% | 0.1% |
Ally Bank | $125,000 | n/a | 0.1% | |
City Bank | $305,000 | $125,000 | -59.0% | 0.1% |
Community National Bank | $125,000 | n/a | 0.1% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $115,000 | n/a | 0.1% | |
Third Coast Bank SSB | $115,000 | n/a | 0.1% | |
COUNTRYPLACE MORTGAGE, LTD. | $105,000 | n/a | 0.1% | |
LOANPAL, LLC | $220,000 | $105,000 | -52.3% | 0.1% |
ACADEMY MORTGAGE CORPORATION | $125,000 | $95,000 | -24.0% | 0.1% |
Carrington Mortgage Services, LLC | $240,000 | $95,000 | -60.4% | 0.1% |
H E B | $15,000 | $95,000 | 533.3% | 0.1% |
Citizens Bank | $85,000 | n/a | 0.1% | |
DRAPER AND KRAMER MORTGAGE CORP. | $185,000 | $85,000 | -54.1% | 0.1% |
COASTAL COMMUNITY AND TEACHERS Credit Union | $80,000 | n/a | 0.1% | |
CALCON MUTUAL MORTGAGE LLC | $75,000 | n/a | 0.1% | |
TRIAD FINANCIAL SERVICES, INC. | $175,000 | $75,000 | -57.1% | 0.1% |
CREDIT HUMAN FEDERAL CREDIT UNION | $55,000 | n/a | 0.1% | |
Armed Forces Bank | $145,000 | $45,000 | -69.0% | 0.0% |
Kingsville's top lender by overall market share is Veritex Community Bank, with 23.2% market share. In second place, with 7.8%, is NAVY ARMY COMMUNITY CREDIT UNION, having originated $7,290,000 in loans. In third place, with 4.8%, is Mortgage Research Center, LLC, having originated $4,415,000 in loans. In fourth place, with 3.9%, is QUICKEN LOANS, LLC, having originated $3,655,000 in loans. In fifth place, with 3.9%, is American State Bank, having originated $3,610,000 in loans.
Kingsville Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Kingsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $126,150 (-10.0%) | $219,331 (19.7%) | 0.00 | 95 |
2018-02-01 | $125,250 (-15.2%) | $217,904 (7.0%) | 0.00 | 87 |
2018-03-01 | $142,500 (2.4%) | $213,391 (0.3%) | 0.00 | 88 |
2018-04-01 | $157,450 (21.2%) | $221,687 (7.1%) | 0.00 | 88 |
2018-05-01 | $148,450 (14.3%) | $200,903 (-5.6%) | 0.00 | 84 |
2018-06-01 | $147,000 (11.0%) | $201,497 (1.2%) | 0.00 | 90 |
2018-07-01 | $139,950 (-1.8%) | $202,979 (7.6%) | 0.00 | 96 |
2018-08-01 | $153,450 (10.4%) | $205,577 (-3.1%) | 0.00 | 95 |
2018-09-01 | $154,900 (18.6%) | $208,477 (-6.9%) | 0.00 | 96 |
2018-10-01 | $152,450 (13.0%) | $203,874 (-6.2%) | 0.00 | 97 |
2018-11-01 | $155,000 (13.8%) | $203,405 (-8.7%) | 0.00 | 95 |
2018-12-01 | $155,500 (13.1%) | $202,256 (-10.1%) | 0.00 | 100 |
2019-01-01 | $155,688 (23.4%) | $205,028 (-6.5%) | 0.00 | 95 |
2019-02-01 | $139,375 (11.3%) | $202,986 (-6.9%) | 0.00 | 86 |
2019-03-01 | $128,407 (-9.9%) | $201,064 (-5.8%) | 0.00 | 81 |
2019-04-01 | $121,975 (-22.5%) | $193,591 (-12.7%) | 0.00 | 74 |
2019-05-01 | $118,500 (-20.2%) | $194,091 (-3.4%) | 0.00 | 65 |
2019-06-01 | $158,500 (7.8%) | $218,466 (8.4%) | 0.00 | 63 |
2019-07-01 | $160,125 (14.4%) | $214,801 (5.8%) | 0.00 | 58 |
2019-08-01 | $155,609 (1.4%) | $211,185 (2.7%) | 0.00 | 58 |
2019-09-01 | $151,273 (-2.3%) | $206,787 (-0.8%) | 0.00 | 59 |
2019-10-01 | $148,382 (-2.7%) | $203,856 (0.0%) | 0.00 | 59 |
2019-11-01 | $154,500 (-0.3%) | $214,858 (5.6%) | 0.00 | 59 |
2019-12-01 | $145,425 (-6.5%) | $197,638 (-2.3%) | 0.00 | 67 |
2020-01-01 | $157,200 (1.0%) | $208,881 (1.9%) | 0.00 | 63 |
2020-02-01 | $174,900 (25.5%) | $230,344 (13.5%) | 0.00 | 63 |
2020-03-01 | $170,850 (33.1%) | $225,096 (12.0%) | 0.00 | 64 |
2020-04-01 | $152,400 (24.9%) | $231,101 (19.4%) | 0.00 | 63 |
2020-05-01 | $169,900 (43.4%) | $235,660 (21.4%) | 0.00 | 60 |
2020-06-01 | $180,550 (13.9%) | $267,621 (22.5%) | 0.00 | 34 |
2020-07-01 | $177,900 (11.1%) | $259,391 (20.8%) | 0.00 | 31 |
2020-08-01 | $170,000 (9.3%) | $245,105 (16.1%) | 0.00 | 32 |
2020-09-01 | $164,250 (8.6%) | $240,487 (16.3%) | 0.00 | 32 |
2020-10-01 | $169,900 (14.5%) | $229,371 (12.5%) | 0.00 | 40 |
2020-11-01 | $172,925 (11.9%) | $236,840 (10.2%) | 0.00 | 48 |
2020-12-01 | $174,250 (19.8%) | $232,244 (17.5%) | 0.00 | 52 |
2021-01-01 | $174,000 (10.7%) | $243,511 (16.6%) | 0.00 | 48 |
2021-02-01 | $170,300 (-2.6%) | $254,816 (10.6%) | 0.00 | 48 |
2021-03-01 | $179,500 (5.1%) | $268,558 (19.3%) | 0.00 | 49 |
2021-04-01 | $180,625 (18.5%) | $269,274 (16.5%) | 0.00 | 45 |
2021-05-01 | $187,500 (10.4%) | $257,464 (9.3%) | 0.00 | 36 |
2021-06-01 | $208,500 (15.5%) | $294,719 (10.1%) | 0.00 | 41 |
2021-07-01 | $182,500 (2.6%) | $288,887 (11.4%) | 0.00 | 46 |
2021-08-01 | $169,250 (-0.4%) | $278,488 (13.6%) | 0.00 | 46 |
2021-09-01 | $185,625 (13.0%) | $304,981 (26.8%) | 0.00 | 45 |
2021-10-01 | $160,000 (-5.8%) | $292,525 (27.5%) | 0.00 | 47 |
2021-11-01 | $179,750 (4.0%) | $300,722 (27.0%) | 0.00 | 47 |
2021-12-01 | $163,500 (-6.2%) | $272,973 (17.5%) | 0.00 | 44 |
2022-01-01 | $171,450 (-1.5%) | $284,752 (16.9%) | 0.00 | 36 |
2022-02-01 | $157,450 (-7.6%) | $268,629 (5.4%) | 0.00 | 29 |
2022-03-01 | $182,200 (1.5%) | $242,297 (-9.8%) | 0.00 | 34 |
2022-04-01 | $189,000 (4.6%) | $255,081 (-5.3%) | 0.00 | 35 |
2022-05-01 | $188,475 (0.5%) | $244,752 (-4.9%) | 0.00 | 39 |
2022-06-01 | $216,225 (3.7%) | $280,648 (-4.8%) | 0.00 | 51 |
2022-07-01 | $224,999 (23.3%) | $284,497 (-1.5%) | 0.00 | 60 |
2022-08-01 | $206,500 (22.0%) | $291,597 (4.7%) | 0.00 | 58 |
2022-09-01 | $202,000 (8.8%) | $298,134 (-2.3%) | 0.00 | 47 |
2022-10-01 | $190,000 (18.8%) | $276,994 (-5.3%) | 0.00 | 59 |
2022-11-01 | $174,825 (-2.7%) | $248,416 (-17.4%) | 0.00 | 67 |
2022-12-01 | $174,950 (7.0%) | $254,104 (-6.9%) | 0.00 | 64 |
2023-01-01 | $183,725 (7.2%) | $221,471 (-22.2%) | 0.00 | 65 |
2023-02-01 | $184,950 (17.5%) | $231,399 (-13.9%) | 0.00 | 61 |
2023-03-01 | $182,450 (0.1%) | $229,846 (-5.1%) | 0.00 | 58 |
2023-04-01 | $165,000 (-12.7%) | $235,976 (-7.5%) | 0.00 | 58 |
2023-05-01 | $205,550 (9.1%) | $248,170 (1.4%) | 0.00 | 66 |
2023-06-01 | $242,250 (12.0%) | $264,491 (-5.8%) | 0.00 | 73 |
2023-07-01 | $238,000 (5.8%) | $270,053 (-5.1%) | 0.00 | 67 |
2023-08-01 | $256,975 (24.4%) | $285,861 (-2.0%) | 0.00 | 68 |
2023-09-01 | $249,500 (23.5%) | $272,924 (-8.5%) | 0.00 | 72 |
2023-10-01 | $207,200 (9.1%) | $238,969 (-13.7%) | 0.00 | 73 |
2023-11-01 | $204,250 (16.8%) | $241,863 (-2.6%) | 0.00 | 71 |
Kingsville's median listing price comes in at 0% of the national average.
Kingsville's average listing price for 2023-11-01 was $241,863, a difference of $-6,553 (-2.6%) versus the prior year and $2,894 versus the prior month.
For the 2023-11-01 period, Kingsville had 71 MLS listings, a difference of -2 listings (-3%) versus the prior month and 4 listings (6%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Kingsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,625 sqft |
2018-02-01 | 0 days | 1,623 sqft |
2018-03-01 | 0 days | 1,733 sqft |
2018-04-01 | 0 days | 1,763 sqft |
2018-05-01 | 0 days | 1,766 sqft |
2018-06-01 | 0 days | 1,803 sqft |
2018-07-01 | 0 days | 1,802 sqft |
2018-08-01 | 0 days | 1,759 sqft |
2018-09-01 | 0 days | 1,745 sqft |
2018-10-01 | 0 days | 1,732 sqft |
2018-11-01 | 0 days | 1,701 sqft |
2018-12-01 | 0 days | 1,684 sqft |
2019-01-01 | 0 days | 1,697 sqft |
2019-02-01 | 0 days | 1,656 sqft |
2019-03-01 | 0 days | 1,697 sqft |
2019-04-01 | 0 days | 1,700 sqft |
2019-05-01 | 0 days | 1,602 sqft |
2019-06-01 | 0 days | 1,768 sqft |
2019-07-01 | 0 days | 1,800 sqft |
2019-08-01 | 0 days | 1,727 sqft |
2019-09-01 | 0 days | 1,605 sqft |
2019-10-01 | 0 days | 1,524 sqft |
2019-11-01 | 0 days | 1,575 sqft |
2019-12-01 | 0 days | 1,501 sqft |
2020-01-01 | 0 days | 1,569 sqft |
2020-02-01 | 0 days | 1,688 sqft |
2020-03-01 | 0 days | 1,726 sqft |
2020-04-01 | 0 days | 1,613 sqft |
2020-05-01 | 0 days | 1,619 sqft |
2020-06-01 | 0 days | 1,738 sqft |
2020-07-01 | 0 days | 1,722 sqft |
2020-08-01 | 0 days | 1,728 sqft |
2020-09-01 | 0 days | 1,584 sqft |
2020-10-01 | 0 days | 1,595 sqft |
2020-11-01 | 0 days | 1,645 sqft |
2020-12-01 | 0 days | 1,608 sqft |
2021-01-01 | 0 days | 1,579 sqft |
2021-02-01 | 0 days | 1,571 sqft |
2021-03-01 | 0 days | 1,635 sqft |
2021-04-01 | 0 days | 1,600 sqft |
2021-05-01 | 0 days | 1,658 sqft |
2021-06-01 | 0 days | 1,671 sqft |
2021-07-01 | 0 days | 1,542 sqft |
2021-08-01 | 0 days | 1,623 sqft |
2021-09-01 | 0 days | 1,542 sqft |
2021-10-01 | 0 days | 1,576 sqft |
2021-11-01 | 0 days | 1,770 sqft |
2021-12-01 | 0 days | 1,539 sqft |
2022-01-01 | 0 days | 1,440 sqft |
2022-02-01 | 0 days | 1,443 sqft |
2022-03-01 | 0 days | 1,576 sqft |
2022-04-01 | 0 days | 1,670 sqft |
2022-05-01 | 0 days | 1,602 sqft |
2022-06-01 | 0 days | 1,682 sqft |
2022-07-01 | 0 days | 1,688 sqft |
2022-08-01 | 0 days | 1,693 sqft |
2022-09-01 | 0 days | 1,723 sqft |
2022-10-01 | 0 days | 1,718 sqft |
2022-11-01 | 0 days | 1,691 sqft |
2022-12-01 | 0 days | 1,687 sqft |
2023-01-01 | 0 days | 1,713 sqft |
2023-02-01 | 0 days | 1,684 sqft |
2023-03-01 | 0 days | 1,671 sqft |
2023-04-01 | 0 days | 1,618 sqft |
2023-05-01 | 0 days | 1,631 sqft |
2023-06-01 | 0 days | 1,701 sqft |
2023-07-01 | 0 days | 1,695 sqft |
2023-08-01 | 0 days | 1,708 sqft |
2023-09-01 | 0 days | 1,663 sqft |
2023-10-01 | 0 days | 1,601 sqft |
2023-11-01 | 0 days | 1,585 sqft |
Kingsville's median square footage for active listings during the 2023-11-01 period was 1,585 sqft. One year prior, the average listing was 1,691 sqft.
Kingsville, TX Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 270 | $75,580,000 | $279,926 |
Refi | 46 | $9,220,000 | $200,435 |
Cash Out Refi | 43 | $6,035,000 | $140,349 |
Other | 12 | $1,330,000 | $110,833 |
Home Improvement | 10 | $750,000 | $75,000 |
Kingsville's most frequently cited loan purpose was Home Purchase, with 270 originations. The 2nd most popular reason was Refi, with 46 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 88 | $16,560,000 | $188,182 |
4-5% | 77 | $13,755,000 | $178,636 |
3-4% | 70 | $37,570,000 | $536,714 |
6-7% | 51 | $8,345,000 | $163,627 |
<2.5% | 24 | $2,240,000 | $93,333 |
7-8% | 18 | $2,720,000 | $151,111 |
2.5-3% | 12 | $2,570,000 | $214,167 |
Over 8% | 3 | $415,000 | $138,333 |
During 2022, Kingsville's most frequently originated rate bucket was 5-6%, with 88 originations.
Loan Sizing (Kingsville, TX MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 166 | $24,150,000 | $145,482 |
$200k-400k | 107 | $28,665,000 | $267,897 |
$100,000 or less | 90 | $5,760,000 | $64,000 |
$400k-600k | 12 | $5,680,000 | $473,333 |
$Over $1MM | 4 | $27,350,000 | $6,837,500 |
$600k-1000k | 2 | $1,310,000 | $655,000 |
Kingsville's loan sizing saw the bucket of loans from $100k-200k with 166 originations, totaling $24,150,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 202 | $41,380,000 | $204,851 |
60-80% | 81 | $33,325,000 | $411,420 |
40-60% | 21 | $4,865,000 | $231,667 |
Under 20% | 16 | $230,000 | $14,375 |
Over 100% | 12 | $3,490,000 | $290,833 |
20-40% | 10 | $760,000 | $76,000 |
Kingsville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 202 originations, totaling $41,380,000 in origination value.