LAREDO Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Laredo averaged 6.18% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

The average rate for the prior week (2023-05-18) was 6.1% and one month ago for the week of 2023-04-20, the average rate was 6%.

Laredo's average rate one year ago was 5.16%.

For refis of the same type during the week of 2023-05-25, the average rate was 6.77%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-05-25 6.57%
Laredo 30 Year Fixed Rate 2023-05-25 6.18%
Laredo 30 Year Fixed Rate Refi 2023-05-25 6.77%
Laredo 15 Year Fixed Rate 2023-05-25 6.07%
Laredo 15 Year Fixed Rate Refi 2023-05-25 4.98%
Laredo 30 Year FHA 2023-05-25 6.15%
Laredo 30 Year FHA Refi 2023-05-25 6.61%
Laredo 30 Year USDA 2023-05-25 6.63%
Laredo 30 Year USDA Refi 2023-05-25 6.63%
Laredo 30 Year VA 2023-05-25 5.61%
Laredo 30 Year VA Refi 2023-05-25 6.31%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within LAREDO, TX.

LAREDO 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 LAREDO, 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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 82 5.19% $6,141
SFMC, LP 59 5.11% $7,160
PRIMELENDING, A PLAINSCAPITAL COMPANY 57 5.43% $7,922
Flagstar Bank, FSB 49 4.73% $5,621
PENNYMAC LOAN SERVICES, LLC 35 4.83% $7,851
UNITED WHOLESALE MORTGAGE, LLC 35 5.52% $8,444
VAN DYK MORTGAGE CORPORATION 30 5.40% $5,699
UNION HOME MORTGAGE CORP. 26 4.23% $7,979
First Option Mortgage, LLC 22 5.65% $7,240
MORTGAGE FINANCIAL SERVICES, LLC 22 4.64% $6,894
Wells Fargo Bank 21 4.70% $3,748
Paramount Residential Mortgage Group, Inc. 19 4.99% $7,554
HOME POINT FINANCIAL CORPORATION 17 4.03% $8,840
International Bank of Commerce 17 5.38% $5,673
THRIVE MORTGAGE, LLC 16 5.66% $6,298
SECURITY SERVICE 15 4.18% $4,182
LOANDEPOT.COM, LLC 14 4.35% $7,935
PNC Bank 14 4.57% $5,574
Gateway First Bank 13 4.56% $5,918
JPMorgan Chase Bank 13 5.27% $5,569
MOVEMENT MORTGAGE, LLC 13 6.01% $10,413
Mr. Cooper ( Nationstar Mortgage ) 12 5.20% $8,726
HOMEBRIDGE FINANCIAL SERVICES, INC. 10 5.06% $9,452
THE MORTGAGE LINK, INC. 9 5.76% $8,472
CMG MORTGAGE, INC. 8 5.38% $5,262
MID AMERICA MORTGAGE, INC. 8 4.55% $6,729
Citizens Bank 8 4.69% $11,064
PANORAMA MORTGAGE GROUP, LLC 7 4.02% $6,710
CALIBER HOME LOANS, INC. 6 5.06% $4,196
CROSSCOUNTRY MORTGAGE, LLC 6 4.85% $9,054
LENDSURE MORTGAGE CORP. 6 9.06% $10,897
Regions Bank 5 4.70% $6,948
SOUTHWEST FUNDING, LP 5 3.95% $9,604
SECURITYNATIONAL MORTGAGE COMPANY 4 5.06% $6,320
Bank of America 4 3.94% $4,264
AMERISAVE MORTGAGE CORPORATION 4 4.96% $6,529
NATIONS DIRECT MORTGAGE, LLC 4 6.06% $8,303
ANGEL OAK MORTGAGE SOLUTIONS LLC 4 6.22% $11,631
MUTUAL OF OMAHA MORTGAGE, INC. 3 4.37% $3,150
FREEDOM MORTGAGE CORPORATION 3 4.79% $6,003
BETTER MORTGAGE CORPORATION 3 4.00% $4,638
Bank of England 3 5.21% $7,899
LEADERONE FINANCIAL CORPORATION 3 5.46% $6,962
Truist 3 4.29% $4,362
AmeriHome Mortgage Company, LLC 3 5.54% $5,091
First Guaranty Mortgage Corporation 3 5.04% $8,279
LOANPAL, LLC 2 5.44% $10,428
LOANPEOPLE, LLC 2 3.88% $6,058
GREAT WESTERN FINANCIAL SERVICES, INC. 2 6.50% $6,771
NEXERA HOLDING LLC 2 8.13% $8,489
NEWREZ LLC 2 5.31% $7,627
CHERRY CREEK MORTGAGE, LLC 2 5.56% $4,036
AMERICAN FINANCING CORPORATION 2 3.50% $5,263
U.S. Bank 2 4.81% $4,421
PENTAGON FEDERAL CREDIT UNION 2 3.88% $3,697
RELIANCE FIRST CAPITAL, LLC 2 3.50% $5,728
OCMBC, INC. 2 7.25% $13,031
CARDINAL FINANCIAL 2 4.00% $7,524
LAKEVIEW LOAN SERVICING, LLC 2 4.00% $6,087
NP, Inc. 2 3.71% $3,765
WILLOW BEND MORTGAGE COMPANY, LLC 1 3.63% $9,370
Ally Bank 1 4.75% $2,291
Amalgamated Bank 1 3.00% $5,606
AMCAP MORTGAGE, LTD. 1 3.88% $7,209
ARC HOME LLC 1 4.88% $9,724
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 4.63% $5,637
Baxter Credit Union 1 3.25% $5,054
Beeline Loans, Inc. 1 4.13% $2,578
BROKER SOLUTIONS, INC. 1 5.74% $3,246
CALCON MUTUAL MORTGAGE LLC 1 6.25% $6,241
Carrington Mortgage Services, LLC 1 7.63% $10,694
Chicago Mortgage Solutions LLC 1 2.99% $1,960
CHURCHILL MORTGAGE CORPORATION 1 5.38% $8,199
City Bank 1 4.25% $4,572
DEEPHAVEN MORTGAGE LLC 1 8.99% $9,364
First Mortgage Solutions, LLC 1 3.88% $3,505
Florida Capital Bank 1 3.88% $6,780
General Mortgage Capital Corporation 1 2.88% $5,078
GMFS LLC 1 6.63% $2,598
GUARANTEED RATE AFFINITY, LLC 1 5.60% $40
GUILD MORTGAGE COMPANY 1 6.75% $8,095
Independent Bank 1 3.50% $4,436
KELLER MORTGAGE, LLC 1 5.13% $5,174
Morgan Stanley Private Bank 1 3.50% $3,226
M&T Bank 1 3.25% $4,897
NAVY FEDERAL CREDIT UNION 1 6.75% $7,122
Neighborhood Loans, Inc. 1 4.25% $3,071
Origin Bank 1 4.50% $10,604
PLAZA HOME MORTGAGE, INC. 1 4.50% $4,545
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.99% $11,355
Prosperity Bank 1 5.63% $5,238
Quontic Bank 1 5.88% $7,299
RANDOLPH-BROOKS 1 7.00% $935
ROYAL UNITED MORTGAGE LLC 1 6.00% $6,537
State Department Federal Credit Union 1 6.25% $10,170
Strong Home Mortgage, LLC 1 2.88% $9,646
SUCCESS MORTGAGE PARTNERS, INC. 1 3.99% $7,123
SWBC MORTGAGE CORPORATION 1 6.00% $6,392
TEXAS DOW EMPLOYEES CREDIT UNION 1 4.38% $7,438
The City National Bank of Sulphur Springs 1 6.88% $3,721
The Federal Savings Bank 1 5.25% $14,455
UNIVERSITY Federal Credit Union 1 3.75% $8,423
USAA Federal Savings Bank 1 6.00% $7,516
VELOCIO MORTGAGE L.L.C. 1 3.25% $8,344
Watermark Capital, Inc. 1 2.75% $4,060
ACADEMY MORTGAGE CORPORATION 1 4.38% $3,633

LAREDO Average Closing Costs & Other Stats

LAREDO, TX's 106 lenders originated 2,948 loans during 2022. The total origination value was $657,390,000, with an average loan value of $222,995.

LAREDO's average closing costs are $6,916.

The top LAREDO lender as defined by loan originations is QUICKEN LOANS, LLC, with 82 loans originated. Their average total fees are $6,141, which is $1,019 lower than the next largest lender, SFMC, LP.

The lowest fee LAREDO lenders (with over 10 loans originated) are Wells Fargo Bank ($3,748), SECURITY SERVICE ($4,182), JPMorgan Chase Bank ($5,569), PNC Bank ($5,574) and Flagstar Bank, FSB ($5,621).

The lowest rate LAREDO lenders (with over 10 loans originated) are HOME POINT FINANCIAL CORPORATION (4.03%), SECURITY SERVICE (4.18%), UNION HOME MORTGAGE CORP. (4.23%), LOANDEPOT.COM, LLC (4.35%) and Gateway First Bank (4.56%).

LAREDO, 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
SFMC, LP $68,340,000 $53,525,000 -21.7% 8.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $24,200,000 $41,330,000 70.8% 6.3%
UNITED WHOLESALE MORTGAGE, LLC $19,620,000 $37,250,000 89.9% 5.7%
QUICKEN LOANS, LLC $61,710,000 $36,425,000 -41.0% 5.5%
Flagstar Bank, FSB $36,845,000 $32,640,000 -11.4% 5.0%
MORTGAGE FINANCIAL SERVICES, LLC $62,540,000 $32,000,000 -48.8% 4.9%
VAN DYK MORTGAGE CORPORATION $27,315,000 $28,145,000 3.0% 4.3%
WALKER & DUNLOP, LLC $18,675,000 n/a 2.8%
First Option Mortgage, LLC $4,015,000 $15,855,000 294.9% 2.4%
CMG MORTGAGE, INC. $18,880,000 $15,090,000 -20.1% 2.3%
Texas Community Bank $18,810,000 $14,850,000 -21.1% 2.3%
PENNYMAC LOAN SERVICES, LLC $27,105,000 $14,795,000 -45.4% 2.3%
MOVEMENT MORTGAGE, LLC $7,915,000 $13,615,000 72.0% 2.1%
Falcon International Bank $11,960,000 $13,120,000 9.7% 2.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $38,080,000 $12,115,000 -68.2% 1.8%
International Bank of Commerce $18,660,000 $11,210,000 -39.9% 1.7%
BM Real Estate Services, Inc. $14,440,000 $10,545,000 -27.0% 1.6%
PNC Bank $285,000 $9,740,000 3,317.5% 1.5%
HOME POINT FINANCIAL CORPORATION $41,860,000 $9,610,000 -77.0% 1.5%
Gateway First Bank $18,350,000 $9,590,000 -47.7% 1.5%
FREEDOM MORTGAGE CORPORATION $57,400,000 $9,130,000 -84.1% 1.4%
UNION HOME MORTGAGE CORP. $5,050,000 $9,100,000 80.2% 1.4%
NATIONS DIRECT MORTGAGE, LLC $10,890,000 $8,605,000 -21.0% 1.3%
CALIBER HOME LOANS, INC. $17,690,000 $8,580,000 -51.5% 1.3%
CROSSCOUNTRY MORTGAGE, LLC $30,040,000 $7,990,000 -73.4% 1.2%
THRIVE MORTGAGE, LLC $16,310,000 $7,840,000 -51.9% 1.2%
Wells Fargo Bank $33,135,000 $7,810,000 -76.4% 1.2%
LEADERONE FINANCIAL CORPORATION $6,120,000 $7,705,000 25.9% 1.2%
PANORAMA MORTGAGE GROUP, LLC $13,695,000 $6,950,000 -49.3% 1.1%
Paramount Residential Mortgage Group, Inc. $3,395,000 $6,500,000 91.5% 1.0%
MID AMERICA MORTGAGE, INC. $7,250,000 $6,435,000 -11.2% 1.0%
SECURITY SERVICE $4,220,000 $6,240,000 47.9% 0.9%
LOANDEPOT.COM, LLC $10,155,000 $5,970,000 -41.2% 0.9%
Mr. Cooper ( Nationstar Mortgage ) $13,170,000 $5,955,000 -54.8% 0.9%
THE MORTGAGE LINK, INC. $5,905,000 n/a 0.9%
Mortgage Research Center, LLC $3,940,000 $5,475,000 39.0% 0.8%
Vantage Bank Texas $7,765,000 $4,810,000 -38.1% 0.7%
SECURITYNATIONAL MORTGAGE COMPANY $9,000,000 $4,760,000 -47.1% 0.7%
JPMorgan Chase Bank $5,900,000 $4,715,000 -20.1% 0.7%
Citizens Bank $2,495,000 $3,655,000 46.5% 0.6%
SOUTHWEST FUNDING, LP $14,230,000 $3,390,000 -76.2% 0.5%
NAVY FEDERAL CREDIT UNION $3,315,000 $2,885,000 -13.0% 0.4%
LOANPAL, LLC $5,250,000 $2,820,000 -46.3% 0.4%
21ST MORTGAGE CORPORATION $3,595,000 $2,675,000 -25.6% 0.4%
NEWREZ LLC $7,020,000 $2,435,000 -65.3% 0.4%
Lakeview Community Capital, LLC $10,075,000 $2,345,000 -76.7% 0.4%
Carrington Mortgage Services, LLC $8,435,000 $2,200,000 -73.9% 0.3%
USAA Federal Savings Bank $2,925,000 $2,155,000 -26.3% 0.3%
Bank of England $4,440,000 $2,140,000 -51.8% 0.3%
AMERISAVE MORTGAGE CORPORATION $5,310,000 $2,095,000 -60.5% 0.3%
Regions Bank $420,000 $2,025,000 382.1% 0.3%
CHERRY CREEK MORTGAGE, LLC $55,000 $1,915,000 3,381.8% 0.3%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $3,660,000 $1,910,000 -47.8% 0.3%
PENTAGON FEDERAL CREDIT UNION $3,475,000 $1,890,000 -45.6% 0.3%
LENDSURE MORTGAGE CORP. $1,855,000 n/a 0.3%
Bank of America $3,270,000 $1,800,000 -45.0% 0.3%
DOMINION FINANCIAL SERVICES, LLC $1,720,000 n/a 0.3%
Rio Bank $1,475,000 n/a 0.2%
MOUNTAIN WEST FINANCIAL, INC. $6,950,000 $1,470,000 -78.8% 0.2%
PlainsCapital Bank $1,470,000 n/a 0.2%
RANDOLPH-BROOKS $4,140,000 $1,440,000 -65.2% 0.2%
LEGEND LENDING CORPORATION $1,385,000 n/a 0.2%
AMWEST FUNDING CORP. $1,295,000 n/a 0.2%
ANGEL OAK MORTGAGE SOLUTIONS LLC $600,000 $1,260,000 110.0% 0.2%
AMCAP MORTGAGE, LTD. $3,740,000 $1,210,000 -67.6% 0.2%
PLANET HOME LENDING, LLC $3,210,000 $1,200,000 -62.6% 0.2%
U.S. Bank $1,475,000 $1,135,000 -23.1% 0.2%
BETTER MORTGAGE CORPORATION $2,425,000 $1,080,000 -55.5% 0.2%
Commerce Home Mortgage, Inc. $760,000 $1,065,000 40.1% 0.2%
First Guaranty Mortgage Corporation $1,475,000 $1,035,000 -29.8% 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $105,000 $1,000,000 852.4% 0.2%
LAKEVIEW LOAN SERVICING, LLC $3,895,000 $955,000 -75.5% 0.1%
Truist $95,000 $890,000 836.8% 0.1%
KELLER MORTGAGE, LLC $800,000 n/a 0.1%
WILLOW BEND MORTGAGE COMPANY, LLC $6,280,000 $800,000 -87.3% 0.1%
LOANPEOPLE, LLC $145,000 $775,000 434.5% 0.1%
ROYAL UNITED MORTGAGE LLC $1,000,000 $755,000 -24.5% 0.1%
NP, Inc. $695,000 $750,000 7.9% 0.1%
GUARANTEED RATE, INC. $505,000 $720,000 42.6% 0.1%
TEXAS DOW EMPLOYEES CREDIT UNION $680,000 n/a 0.1%
V.I.P. MORTGAGE, INC. $155,000 $665,000 329.0% 0.1%
Waterstone Mortgage Corporation $300,000 $660,000 120.0% 0.1%
S1L, Inc. $655,000 n/a 0.1%
Zions Bancorporation, N.A. $655,000 n/a 0.1%
OCMBC, INC. $645,000 n/a 0.1%
General Mortgage Capital Corporation $640,000 n/a 0.1%
ACADEMY MORTGAGE CORPORATION $730,000 $595,000 -18.5% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $825,000 $595,000 -27.9% 0.1%
AmeriHome Mortgage Company, LLC $6,120,000 $575,000 -90.6% 0.1%
M&T Bank $620,000 $535,000 -13.7% 0.1%
PLAZA HOME MORTGAGE, INC. $3,010,000 $500,000 -83.4% 0.1%
RB MORTGAGE LLC $280,000 $480,000 71.4% 0.1%
SOFI LENDING CORP. $430,000 $475,000 10.5% 0.1%
Strong Home Mortgage, LLC $460,000 n/a 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $475,000 $445,000 -6.3% 0.1%
Kleberg Bank, N.A $440,000 n/a 0.1%
UNIVERSITY Federal Credit Union $410,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $760,000 $405,000 -46.7% 0.1%
The Federal Savings Bank $330,000 $395,000 19.7% 0.1%
EVERETT FINANCIAL, INC. $530,000 $390,000 -26.4% 0.1%
GUARANTEED RATE AFFINITY, LLC $385,000 n/a 0.1%
FirstBank $245,000 $360,000 46.9% 0.1%
NBKC BANK $285,000 $355,000 24.6% 0.1%
CERTIFIED FUNDING, L.P. $345,000 n/a 0.1%
CONTOUR MORTGAGE CORPORATION $500,000 $345,000 -31.0% 0.1%
Network Funding, L.P. $345,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $2,850,000 $345,000 -87.9% 0.1%
AMERICAN FINANCING CORPORATION $160,000 $340,000 112.5% 0.1%
INTERLINC MORTGAGE SERVICES, LLC $340,000 n/a 0.1%
ASCENT HOME LENDING, LLC $335,000 n/a 0.1%
BROKER SOLUTIONS, INC. $2,245,000 $335,000 -85.1% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $165,000 $335,000 103.0% 0.1%
RELIANCE FIRST CAPITAL, LLC $330,000 n/a 0.1%
ATHAS CAPITAL GROUP, INC. $315,000 n/a 0.0%
Baxter Credit Union $45,000 $315,000 600.0% 0.0%
Chicago Mortgage Solutions LLC $390,000 $315,000 -19.2% 0.0%
State Department Federal Credit Union $315,000 n/a 0.0%
The City National Bank of Sulphur Springs $315,000 n/a 0.0%
GMFS LLC $305,000 n/a 0.0%
VELOCIO MORTGAGE L.L.C. $185,000 $305,000 64.9% 0.0%
NEXERA HOLDING LLC $290,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $290,000 n/a 0.0%
Origin Bank $285,000 n/a 0.0%
Sunflower Bank $285,000 n/a 0.0%
CALCON MUTUAL MORTGAGE LLC $275,000 n/a 0.0%
First Mortgage Solutions, LLC $275,000 n/a 0.0%
First United Bank and Trust Company $185,000 $275,000 48.6% 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $275,000 n/a 0.0%
Prosperity Bank $565,000 $275,000 -51.3% 0.0%
SUCCESS MORTGAGE PARTNERS, INC. $275,000 n/a 0.0%
City Bank $265,000 n/a 0.0%
Independent Bank $440,000 $265,000 -39.8% 0.0%
Florida Capital Bank $245,000 n/a 0.0%
Morgan Stanley Private Bank $245,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $240,000 n/a 0.0%
GREAT WESTERN FINANCIAL SERVICES, INC. $615,000 $240,000 -61.0% 0.0%
Amalgamated Bank $235,000 n/a 0.0%
Beeline Loans, Inc. $235,000 n/a 0.0%
HOME FUNDING CORPORATION $235,000 n/a 0.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $885,000 $225,000 -74.6% 0.0%
GUILD MORTGAGE COMPANY $180,000 $225,000 25.0% 0.0%
NETWORK CAPITAL FUNDING CORPORATION $390,000 $225,000 -42.3% 0.0%
Northpointe Bank $225,000 n/a 0.0%
Watermark Capital, Inc. $225,000 n/a 0.0%
ALTRA $215,000 n/a 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $390,000 $215,000 -44.9% 0.0%
ARC HOME LLC $205,000 n/a 0.0%
Metro City Bank $205,000 n/a 0.0%
HAMILTON HOME LOANS, INC. $195,000 n/a 0.0%
MidFirst Bank $195,000 n/a 0.0%
Neighborhood Loans, Inc. $195,000 n/a 0.0%
Quontic Bank $195,000 n/a 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $390,000 $195,000 -50.0% 0.0%
A+ Federal Credit Union $185,000 n/a 0.0%
DIRECTIONS EQUITY, LLC $1,195,000 $185,000 -84.5% 0.0%
Equity Prime Mortgage LLC $185,000 n/a 0.0%
LAND HOME FINANCIAL SERVICES, INC. $175,000 n/a 0.0%
T2 FINANCIAL LLC $615,000 $175,000 -71.5% 0.0%
Hometown Equity Mortgage, LLC $700,000 $165,000 -76.4% 0.0%
HOMETRUST MORTGAGE COMPANY $165,000 n/a 0.0%
SWBC MORTGAGE CORPORATION $545,000 $165,000 -69.7% 0.0%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $155,000 n/a 0.0%
Credit Union of Texas $135,000 $155,000 14.8% 0.0%
DEEPHAVEN MORTGAGE LLC $575,000 $155,000 -73.0% 0.0%
AMERICAN ADVISORS GROUP $65,000 $145,000 123.1% 0.0%
The Home Loan Expert LLC $145,000 n/a 0.0%
SPRING EQ, LLC $130,000 n/a 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $855,000 $115,000 -86.5% 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $115,000 n/a 0.0%
EMBRACE HOME LOANS, INC. $115,000 n/a 0.0%
Ally Bank $235,000 $105,000 -55.3% 0.0%
Discover Bank $105,000 $105,000 0.0% 0.0%
OCEANSIDE MORTGAGE COMPANY $430,000 $105,000 -75.6% 0.0%
Frost Bank $100,000 n/a 0.0%
Arvest Bank $95,000 n/a 0.0%
EASTMAN $95,000 n/a 0.0%
SOUTHWEST STAGE FUNDING, LLC $290,000 $95,000 -67.2% 0.0%
United Community Bank $85,000 n/a 0.0%
FIRSTMARK $75,000 n/a 0.0%
EECU $55,000 n/a 0.0%
BOKF $45,000 n/a 0.0%
H E B $110,000 $45,000 -59.1% 0.0%

LAREDO's top lender by overall market share is SFMC, LP, with 8.1% market share. In second place, with 6.3%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $41,330,000 in loans. In third place, with 5.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $37,250,000 in loans. In fourth place, with 5.5%, is QUICKEN LOANS, LLC, having originated $36,425,000 in loans. In fifth place, with 5.0%, is Flagstar Bank, FSB, having originated $32,640,000 in loans.


LAREDO Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - LAREDO (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $179,000 (2.3%) $222,837 (4.0%) 0.66 578
2018-02-01 $179,200 (2.4%) $220,752 (3.0%) 0.65 611
2018-03-01 $185,000 (3.8%) $223,385 (0.7%) 0.65 598
2018-04-01 $185,000 (3.4%) $222,429 (-0.3%) 0.63 588
2018-05-01 $184,900 (2.7%) $221,167 (-3.0%) 0.62 566
2018-06-01 $185,000 (2.8%) $225,488 (-4.2%) 0.62 577
2018-07-01 $183,725 (-0.6%) $222,046 (-6.7%) 0.61 611
2018-08-01 $185,000 (0.1%) $222,995 (-5.1%) 0.62 621
2018-09-01 $178,000 (-3.7%) $215,779 (-6.5%) 0.60 599
2018-10-01 $174,575 (-3.8%) $210,603 (-8.5%) 0.59 589
2018-11-01 $175,450 (-2.5%) $213,144 (-5.3%) 0.59 567
2018-12-01 $174,000 (-3.2%) $208,682 (-6.5%) 0.60 540
2019-01-01 $178,500 (-0.3%) $207,986 (-6.7%) 0.62 513
2019-02-01 $179,250 (0.0%) $208,660 (-5.5%) 0.61 530
2019-03-01 $180,000 (-2.7%) $215,341 (-3.6%) 0.60 545
2019-04-01 $179,950 (-2.7%) $217,586 (-2.2%) 0.57 508
2019-05-01 $180,000 (-2.7%) $219,504 (-0.8%) 0.56 506
2019-06-01 $184,900 (-0.1%) $228,742 (1.4%) 0.58 515
2019-07-01 $189,000 (2.9%) $231,205 (4.1%) 0.59 533
2019-08-01 $185,000 (0.0%) $229,729 (3.0%) 0.58 526
2019-09-01 $185,000 (3.9%) $223,805 (3.7%) 0.58 531
2019-10-01 $185,000 (6.0%) $221,151 (5.0%) 0.60 570
2019-11-01 $187,000 (6.6%) $222,081 (4.2%) 0.61 552
2019-12-01 $185,000 (6.3%) $220,544 (5.7%) 0.62 553
2020-01-01 $185,000 (3.6%) $220,940 (6.2%) 0.62 529
2020-02-01 $189,000 (5.4%) $225,284 (8.0%) 0.62 550
2020-03-01 $189,950 (5.5%) $229,897 (6.8%) 0.60 555
2020-04-01 $197,450 (9.7%) $234,899 (8.0%) 0.62 532
2020-05-01 $195,900 (8.8%) $230,703 (5.1%) 0.60 488
2020-06-01 $196,445 (6.2%) $231,591 (1.3%) 0.58 429
2020-07-01 $199,700 (5.7%) $233,310 (0.9%) 0.58 404
2020-08-01 $201,000 (8.7%) $232,979 (1.4%) 0.58 372
2020-09-01 $207,000 (11.9%) $233,470 (4.3%) 0.59 348
2020-10-01 $199,950 (8.1%) $236,159 (6.8%) 0.57 339
2020-11-01 $208,925 (11.7%) $246,471 (11.0%) 0.61 286
2020-12-01 $202,473 (9.4%) $243,889 (10.6%) 0.60 283
2021-01-01 $200,000 (8.1%) $238,762 (8.1%) 0.60 263
2021-02-01 $210,725 (11.5%) $234,377 (4.0%) 0.61 293
2021-03-01 $212,450 (11.9%) $232,738 (1.2%) 0.60 306
2021-04-01 $205,000 (3.8%) $233,896 (-0.4%) 0.55 296
2021-05-01 $210,000 (7.2%) $238,520 (3.4%) 0.56 294
2021-06-01 $215,950 (9.9%) $246,234 (6.3%) 0.57 293
2021-07-01 $224,900 (12.6%) $254,230 (9.0%) 0.59 273
2021-08-01 $224,900 (11.9%) $252,892 (8.6%) 0.60 268
2021-09-01 $224,900 (8.7%) $252,363 (8.1%) 0.60 280
2021-10-01 $224,900 (12.5%) $259,034 (9.7%) 0.60 278
2021-11-01 $224,900 (7.7%) $255,294 (3.6%) 0.60 261
2021-12-01 $225,574 (11.4%) $267,166 (9.5%) 0.61 269
2022-01-01 $224,900 (12.5%) $269,081 (12.7%) 0.61 258
2022-02-01 $229,848 (9.1%) $271,295 (15.8%) 0.60 255
2022-03-01 $229,500 (8.0%) $273,289 (17.4%) 0.57 241
2022-04-01 $239,000 (16.6%) $277,066 (18.5%) 0.57 244
2022-05-01 $236,000 (12.4%) $265,049 (11.1%) 0.54 270
2022-06-01 $239,925 (11.1%) $275,746 (12.0%) 0.53 295
2022-07-01 $240,000 (6.7%) $279,430 (9.9%) 0.54 343
2022-08-01 $240,000 (6.7%) $288,029 (13.9%) 0.55 374
2022-09-01 $240,000 (6.7%) $293,755 (16.4%) 0.56 340
2022-10-01 $239,900 (6.7%) $281,614 (8.7%) 0.56 351
2022-11-01 $239,500 (6.5%) $283,763 (11.2%) 0.58 372
2022-12-01 $238,500 (5.7%) $281,772 (5.5%) 0.59 389
2023-01-01 $238,950 (6.3%) $279,459 (3.9%) 0.59 393
2023-02-01 $240,000 (4.4%) $272,394 (0.4%) 0.58 382
2023-03-01 $239,450 (4.3%) $268,734 (-1.7%) 0.56 395
2023-04-01 $239,000 (0.0%) $267,747 (-3.4%) 0.56 365
LAREDO's median listing price for 2023-04-01 was $239,000, a difference of $0 (0.0%) versus the prior year and $-450 versus the prior month.

LAREDO's median listing price comes in at 56% of the national average.

LAREDO's average listing price for 2023-04-01 was $267,747, a difference of $-9,319 (-3.4%) versus the prior year and $-987 versus the prior month.

For the 2023-04-01 period, LAREDO had 365 MLS listings, a difference of -30 listings (-8%) versus the prior month and 121 listings (50%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - LAREDO (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 80 days 1,792 sqft
2018-02-01 77 days 1,784 sqft
2018-03-01 68 days 1,830 sqft
2018-04-01 71 days 1,820 sqft
2018-05-01 68 days 1,798 sqft
2018-06-01 59 days 1,819 sqft
2018-07-01 60 days 1,812 sqft
2018-08-01 62 days 1,827 sqft
2018-09-01 72 days 1,799 sqft
2018-10-01 81 days 1,695 sqft
2018-11-01 77 days 1,702 sqft
2018-12-01 74 days 1,699 sqft
2019-01-01 73 days 1,705 sqft
2019-02-01 65 days 1,703 sqft
2019-03-01 57 days 1,724 sqft
2019-04-01 61 days 1,773 sqft
2019-05-01 58 days 1,804 sqft
2019-06-01 59 days 1,817 sqft
2019-07-01 59 days 1,875 sqft
2019-08-01 65 days 1,829 sqft
2019-09-01 62 days 1,796 sqft
2019-10-01 58 days 1,798 sqft
2019-11-01 67 days 1,813 sqft
2019-12-01 74 days 1,808 sqft
2020-01-01 81 days 1,829 sqft
2020-02-01 72 days 1,864 sqft
2020-03-01 60 days 1,868 sqft
2020-04-01 69 days 1,889 sqft
2020-05-01 78 days 1,863 sqft
2020-06-01 84 days 1,853 sqft
2020-07-01 55 days 1,821 sqft
2020-08-01 46 days 1,812 sqft
2020-09-01 51 days 1,800 sqft
2020-10-01 54 days 1,791 sqft
2020-11-01 61 days 1,785 sqft
2020-12-01 67 days 1,776 sqft
2021-01-01 59 days 1,702 sqft
2021-02-01 38 days 1,654 sqft
2021-03-01 40 days 1,707 sqft
2021-04-01 48 days 1,686 sqft
2021-05-01 58 days 1,700 sqft
2021-06-01 43 days 1,690 sqft
2021-07-01 52 days 1,709 sqft
2021-08-01 58 days 1,705 sqft
2021-09-01 50 days 1,669 sqft
2021-10-01 56 days 1,708 sqft
2021-11-01 52 days 1,702 sqft
2021-12-01 45 days 1,727 sqft
2022-01-01 48 days 1,700 sqft
2022-02-01 40 days 1,701 sqft
2022-03-01 40 days 1,703 sqft
2022-04-01 38 days 1,750 sqft
2022-05-01 38 days 1,716 sqft
2022-06-01 37 days 1,738 sqft
2022-07-01 33 days 1,732 sqft
2022-08-01 41 days 1,741 sqft
2022-09-01 52 days 1,735 sqft
2022-10-01 49 days 1,736 sqft
2022-11-01 52 days 1,735 sqft
2022-12-01 60 days 1,733 sqft
2023-01-01 64 days 1,712 sqft
2023-02-01 47 days 1,701 sqft
2023-03-01 54 days 1,700 sqft
2023-04-01 57 days 1,648 sqft
LAREDO's median listing age (time on market) for 2023-04-01 was 57 days. This is 50% longer than the same period one year ago.

LAREDO's median square footage for active listings during the 2023-04-01 period was 1,648 sqft. One year prior, the average listing was 1,750 sqft.

LAREDO, TX Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
78019 Laredo, TX $750 $760 $940 $1,220 $1,350
78040 Laredo, TX $670 $670 $830 $1,080 $1,220
78041 Laredo, TX $770 $770 $960 $1,250 $1,380
78042 Laredo, TX $750 $760 $940 $1,220 $1,350
78043 Laredo, TX $740 $740 $920 $1,190 $1,320
78044 Laredo, TX $750 $760 $940 $1,220 $1,350
78045 Laredo, TX $1,060 $1,070 $1,320 $1,710 $1,890
78046 Laredo, TX $720 $730 $900 $1,170 $1,290
78344 Laredo, TX $750 $760 $940 $1,220 $1,350
78369 Laredo, TX $750 $760 $940 $1,220 $1,350
78371 Laredo, TX $750 $760 $940 $1,220 $1,350

2022 Average & Median Rent Data Statistics
LAREDO, TX average 1BR rent: $776, median: $760
LAREDO, TX average 2BR rent: $961, median: $940
LAREDO, TX average 3BR rent: $1,247, median: $1,220

LAREDO, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,242 $518,590,000 $231,307
Cash Out Refi 314 $58,370,000 $185,892
Refi 294 $70,360,000 $239,320
Other 51 $5,255,000 $103,039
Home Improvement 47 $4,815,000 $102,447

Laredo's most frequently cited loan purpose was Home Purchase, with 2,242 originations. The 2nd most popular reason was Cash Out Refi, with 314 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 704 $157,980,000 $224,403
4-5% 639 $162,215,000 $253,858
3-4% 636 $142,740,000 $224,434
6-7% 349 $78,515,000 $224,971
2.5-3% 181 $40,045,000 $221,243
<2.5% 144 $11,730,000 $81,458
7-8% 118 $20,750,000 $175,847
Over 8% 55 $7,245,000 $131,727

During 2022, Laredo's most frequently originated rate bucket was 5-6%, with 704 originations.

Loan Sizing (LAREDO, TX MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 1,503 $398,675,000 $265,253
$100k-200k 994 $157,650,000 $158,602
$100,000 or less 338 $17,270,000 $51,095
$400k-600k 88 $41,160,000 $467,727
$600k-1000k 14 $9,620,000 $687,143
$Over $1MM 11 $33,015,000 $3,001,364

LAREDO's loan sizing saw the bucket of loans from $200k-400k with 1,503 originations, totaling $398,675,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,813 $433,205,000 $238,944
60-80% 568 $136,370,000 $240,088
40-60% 189 $29,955,000 $158,492
Under 20% 130 $2,320,000 $17,846
20-40% 77 $7,065,000 $91,753
Over 100% 24 $6,150,000 $256,250

LAREDO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,813 originations, totaling $433,205,000 in origination value.