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 6.83% for the week of 2025-05-08, compared to the national average of 6.76% for the same period.

The average rate for the prior week (2025-05-01) was 7.03% and one month ago for the week of 2025-04-03, the average rate was 6.81%.

Laredo's average rate one year ago was 7.09%.

For refis of the same type during the week of 2025-05-08, the average rate was 6.66%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-05-08 6.76%
Laredo 30 Year Fixed Rate 2025-05-08 6.83%
Laredo 30 Year Fixed Rate Refi 2025-05-08 6.66%
Laredo 15 Year Fixed Rate 2025-05-08 6.09%
Laredo 15 Year Fixed Rate Refi 2025-05-08 6.39%
Laredo 30 Year FHA 2025-05-08 6.15%
Laredo 30 Year FHA Refi 2025-05-08 6.38%
Laredo 30 Year USDA 2025-05-08 6.37%
Laredo 30 Year USDA Refi 2025-05-08 6.57%
Laredo 30 Year VA 2025-05-08 6.19%
Laredo 30 Year VA Refi 2025-05-08 6.47%
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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
JPMorgan Chase Bank 71 6.45% $8,807
QUICKEN LOANS, LLC 61 7.16% $7,682
Flagstar Bank, FSB 50 6.52% $8,113
UNITED WHOLESALE MORTGAGE, LLC 37 6.51% $10,281
PRIMELENDING, A PLAINSCAPITAL COMPANY 26 6.53% $9,810
CMG MORTGAGE, INC. 22 6.42% $9,952
International Bank of Commerce 20 7.38% $5,417
AmeriHome Mortgage Company, LLC 13 6.44% $8,617
PENNYMAC LOAN SERVICES, LLC 12 6.80% $9,765
First Option Mortgage, LLC 11 6.66% $9,163
SOUTHWEST FUNDING, LP 8 6.56% $11,228
NATIONS DIRECT MORTGAGE, LLC 8 6.20% $8,971
AMERICAN PACIFIC MORTGAGE CORPORATION 8 6.41% $7,925
BM Real Estate Services, Inc. 8 6.76% $9,078
LEADERONE FINANCIAL CORPORATION 6 6.90% $9,325
Mr. Cooper ( Nationstar Mortgage ) 6 7.31% $10,267
Wells Fargo Bank 6 6.58% $6,577
Bank of America 5 6.73% $3,967
SECURITY SERVICE 5 6.58% $4,650
Paramount Residential Mortgage Group, Inc. 4 6.22% $10,416
NEWREZ LLC 4 7.06% $6,433
The Loan Store, Inc. 4 6.84% $15,104
ROYAL UNITED MORTGAGE LLC 4 7.16% $7,844
PNC Bank 4 7.13% $4,133
GUARANTEED RATE, INC. 4 6.84% $11,077
SUMMIT FUNDING, INC. 3 7.33% $7,135
LOANDEPOT.COM, LLC 3 7.04% $7,934
LOANPAL, LLC 3 7.29% $7,725
NexBank 3 6.71% $10,814
RANDOLPH-BROOKS 3 7.25% $2,655
FREEDOM MORTGAGE CORPORATION 3 6.71% $12,287
GUILD MORTGAGE COMPANY 2 7.06% $7,180
AMERISAVE MORTGAGE CORPORATION 2 7.81% $4,924
ANGEL OAK MORTGAGE SOLUTIONS LLC 2 8.31% $10,667
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 7.31% $5,691
CARDINAL FINANCIAL 2 6.75% $7,452
Carrington Mortgage Services, LLC 2 8.88% $5,740
Century Mortgage Company DBA Century Lending Company 2 7.50% $13,460
Charles Schwab Bank, SSB 2 5.68% $665
DEEPHAVEN MORTGAGE LLC 2 7.50% $23,847
HOMESIDE FINANCIAL, LLC 2 6.94% $7,943
INTERLINC MORTGAGE SERVICES, LLC 2 8.50% $3,702
MORTGAGE FINANCIAL SERVICES, LLC 2 7.00% $5,538
OCMBC, INC. 2 9.19% $23,270
THE MORTGAGE LINK, INC. 2 6.25% $10,930
TOWNE MORTGAGE COMPANY 2 6.75% $7,555
U.S. Bank 2 6.38% $3,614
NAVY FEDERAL CREDIT UNION 1 7.00% $14,512
NBKC BANK 1 6.38% $6,848
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.63% $5,977
Home Mortgage Alliance Corp 1 7.63% $14,055
OAKTREE FUNDING CORP. 1 7.63% $20,050
UNIVERSITY Federal Credit Union 1 6.63% $10,863
HighTechLending Inc 1 7.88% $8,034
21ST MORTGAGE CORPORATION 1 7.61% $6,589
PHH Mortgage Corporation 1 7.63% $4,747
Greenbox Loans, Inc. 1 7.63% $9,013
Gateway First Bank 1 5.88% $7,124
GARDNER FINANCIAL SERVICES, LTD. 1 6.75% $16,908
First Horizon Bank 1 6.75% $6,417
Farm Credit Mid-America, ACA 1 7.50% $18,107
Equity Prime Mortgage LLC 1 6.75% $4,130
SFMC, LP 1 7.63% $8,746
Discover Bank 1 7.49% $0
Commerce Home Mortgage, Inc. 1 8.75% $9,573
SWBC MORTGAGE CORPORATION 1 6.38% $4,429
TEXAS TECH 1 6.63% $4,528
CHURCHILL MORTGAGE CORPORATION 1 6.25% $9,417
USAA Federal Savings Bank 1 7.13% $5,169
BOKF 1 7.50% $7,127
UNION HOME MORTGAGE CORP. 1 6.63% $8,656
LENDSURE MORTGAGE CORP. 1 8.13% $9,513
MEMBER HOME LOAN, L.L.C. 1 7.13% $8,186
CANOPY MORTGAGE, LLC 1 6.63% $14,598
Ixonia Bank 1 6.38% $5,190
HOMEXPRESS MORTGAGE CORP. 1 7.75% $12,020

LAREDO Average Closing Costs & Other Stats

LAREDO, TX's 76 lenders originated 2,596 loans during 2024. The total origination value was $609,470,000, with an average loan value of $234,773.

LAREDO's average closing costs are $7,799.

The top LAREDO lender as defined by loan originations is JPMorgan Chase Bank, with 71 loans originated. Their average total fees are $8,807, which is $1,125 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee LAREDO lenders (with over 10 loans originated) are International Bank of Commerce ($5,417), QUICKEN LOANS, LLC ($7,682), Flagstar Bank, FSB ($8,113), AmeriHome Mortgage Company, LLC ($8,617) and JPMorgan Chase Bank ($8,807).

The lowest rate LAREDO lenders (with over 10 loans originated) are CMG MORTGAGE, INC. (6.42%), AmeriHome Mortgage Company, LLC (6.44%), JPMorgan Chase Bank (6.45%), UNITED WHOLESALE MORTGAGE, LLC (6.51%) and Flagstar Bank, FSB (6.52%).

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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
PRIMELENDING, A PLAINSCAPITAL COMPANY $57,845,000 $57,945,000 0.2% 9.5%
FREEDOM MORTGAGE CORPORATION $8,540,000 $55,285,000 547.4% 9.1%
UNITED WHOLESALE MORTGAGE, LLC $64,550,000 $52,015,000 -19.4% 8.5%
Falcon International Bank $6,080,000 $23,970,000 294.2% 3.9%
CMG MORTGAGE, INC. $21,005,000 $23,320,000 11.0% 3.8%
QUICKEN LOANS, LLC $17,985,000 $22,880,000 27.2% 3.8%
Flagstar Bank, FSB $32,970,000 $22,875,000 -30.6% 3.8%
JPMorgan Chase Bank $5,405,000 $20,835,000 285.5% 3.4%
AMERICAN PACIFIC MORTGAGE CORPORATION $20,210,000 $19,540,000 -3.3% 3.2%
Texas Community Bank $8,145,000 $16,630,000 104.2% 2.7%
First Option Mortgage, LLC $12,160,000 $15,960,000 31.3% 2.6%
PNC Bank $10,905,000 $13,835,000 26.9% 2.3%
MORTGAGE FINANCIAL SERVICES, LLC $7,785,000 $12,110,000 55.6% 2.0%
SUMMIT FUNDING, INC. $11,990,000 n/a 2.0%
Equity Prime Mortgage LLC $4,970,000 $11,605,000 133.5% 1.9%
International Bank of Commerce $12,130,000 $11,275,000 -7.0% 1.8%
THE MORTGAGE LINK, INC. $5,585,000 $10,215,000 82.9% 1.7%
LEADERONE FINANCIAL CORPORATION $8,840,000 $9,465,000 7.1% 1.6%
OCMBC, INC. $2,040,000 $8,275,000 305.6% 1.4%
GUILD MORTGAGE COMPANY $1,190,000 $8,200,000 589.1% 1.3%
GUARANTEED RATE, INC. $8,015,000 n/a 1.3%
PENNYMAC LOAN SERVICES, LLC $20,775,000 $7,225,000 -65.2% 1.2%
Paramount Residential Mortgage Group, Inc. $4,970,000 $6,590,000 32.6% 1.1%
SOUTHWEST FUNDING, LP $6,020,000 n/a 1.0%
The Loan Store, Inc. $620,000 $5,945,000 858.9% 1.0%
AmeriHome Mortgage Company, LLC $1,375,000 $5,850,000 325.5% 1.0%
NATIONS DIRECT MORTGAGE, LLC $245,000 $5,665,000 2,212.2% 0.9%
READYCAP COMMERCIAL, LLC $5,035,000 n/a 0.8%
Mortgage Research Center, LLC $4,710,000 $4,850,000 3.0% 0.8%
BM Real Estate Services, Inc. $2,710,000 $4,720,000 74.2% 0.8%
HOMESIDE FINANCIAL, LLC $4,425,000 n/a 0.7%
Gateway First Bank $5,405,000 $3,885,000 -28.1% 0.6%
21ST MORTGAGE CORPORATION $2,500,000 $3,835,000 53.4% 0.6%
Legacy Bank & Trust Company $3,675,000 n/a 0.6%
CARDINAL FINANCIAL $1,715,000 $3,610,000 110.5% 0.6%
Vantage Bank Texas $2,130,000 $3,340,000 56.8% 0.5%
SECURITY SERVICE $2,025,000 $3,280,000 62.0% 0.5%
RANDOLPH-BROOKS $1,575,000 $3,125,000 98.4% 0.5%
CANOPY MORTGAGE, LLC $225,000 $2,750,000 1,122.2% 0.5%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $2,665,000 $2,515,000 -5.6% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $2,190,000 $2,485,000 13.5% 0.4%
NAVY FEDERAL CREDIT UNION $2,210,000 $2,480,000 12.2% 0.4%
Bank of America $3,530,000 $2,445,000 -30.7% 0.4%
LAREDO FEDERAL CREDIT UNION $2,220,000 $2,405,000 8.3% 0.4%
DEEPHAVEN MORTGAGE LLC $820,000 $2,280,000 178.0% 0.4%
BROKER SOLUTIONS, INC. $155,000 $2,255,000 1,354.8% 0.4%
Wells Fargo Bank $3,300,000 $2,130,000 -35.5% 0.3%
NEWREZ LLC $2,495,000 $2,080,000 -16.6% 0.3%
VILLAGE CAPITAL MORTGAGE $480,000 $1,755,000 265.6% 0.3%
Discover Bank $1,100,000 $1,605,000 45.9% 0.3%
Century Mortgage Company DBA Century Lending Company $135,000 $1,485,000 1,000.0% 0.2%
Carrington Mortgage Services, LLC $1,345,000 $1,465,000 8.9% 0.2%
Farm Credit Mid-America, ACA $1,445,000 n/a 0.2%
NexBank $420,000 $1,380,000 228.6% 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $3,005,000 $1,365,000 -54.6% 0.2%
Charles Schwab Bank, SSB $1,360,000 n/a 0.2%
PLAZA HOME MORTGAGE, INC. $1,125,000 $1,350,000 20.0% 0.2%
DIRECTIONS EQUITY, LLC $390,000 $1,315,000 237.2% 0.2%
LOANDEPOT.COM, LLC $1,680,000 $1,295,000 -22.9% 0.2%
LIMA ONE CAPITAL, LLC $1,275,000 n/a 0.2%
ROYAL UNITED MORTGAGE LLC $565,000 $1,275,000 125.7% 0.2%
Commerce Home Mortgage, Inc. $1,215,000 n/a 0.2%
Rio Bank $1,070,000 $1,190,000 11.2% 0.2%
Plains Commerce Bank $1,120,000 n/a 0.2%
DOMINION FINANCIAL SERVICES, LLC $1,590,000 $990,000 -37.7% 0.2%
INTERLINC MORTGAGE SERVICES, LLC $925,000 n/a 0.2%
TOWNE MORTGAGE COMPANY $870,000 n/a 0.1%
Zions Bank $55,000 $815,000 1,381.8% 0.1%
U.S. Bank $695,000 $740,000 6.5% 0.1%
HOMEXPRESS MORTGAGE CORP. $305,000 $730,000 139.3% 0.1%
Lakeview Community Capital, LLC $720,000 n/a 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $135,000 $665,000 392.6% 0.1%
LOANPAL, LLC $340,000 $650,000 91.2% 0.1%
MLB RESIDENTIAL LENDING, LLC $850,000 $645,000 -24.1% 0.1%
Home Mortgage Alliance Corp $625,000 n/a 0.1%
Ixonia Bank $605,000 n/a 0.1%
Citadel Servicing Corporation $570,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $545,000 $570,000 4.6% 0.1%
PLANET HOME LENDING, LLC $195,000 $565,000 189.7% 0.1%
USAA Federal Savings Bank $255,000 $560,000 119.6% 0.1%
First Horizon Bank $1,100,000 $525,000 -52.3% 0.1%
AMERISAVE MORTGAGE CORPORATION $650,000 $515,000 -20.8% 0.1%
CONSTRUCTIVE LOANS, LLC $510,000 n/a 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,665,000 $510,000 -86.1% 0.1%
TRIAD FINANCIAL SERVICES, INC. $490,000 $505,000 3.1% 0.1%
UNIVERSITY Federal Credit Union $245,000 $495,000 102.0% 0.1%
FIRST COLONY MORTGAGE CORPORATION $490,000 n/a 0.1%
MOVEMENT MORTGAGE, LLC $25,785,000 $475,000 -98.2% 0.1%
GECU $465,000 n/a 0.1%
OAKTREE FUNDING CORP. $465,000 n/a 0.1%
MID AMERICA MORTGAGE, INC. $250,000 $440,000 76.0% 0.1%
Greenbox Loans, Inc. $400,000 n/a 0.1%
GARDNER FINANCIAL SERVICES, LTD. $395,000 $395,000 0.0% 0.1%
SECURITYNATIONAL MORTGAGE COMPANY $1,955,000 $390,000 -80.1% 0.1%
CROSSCOUNTRY MORTGAGE, LLC $600,000 $380,000 -36.7% 0.1%
First United Bank and Trust Company $365,000 n/a 0.1%
NATION ONE MORTGAGE CORPORATION $365,000 n/a 0.1%
WILLOW BEND MORTGAGE COMPANY, LLC $365,000 n/a 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $955,000 $345,000 -63.9% 0.1%
UNION HOME MORTGAGE CORP. $4,950,000 $335,000 -93.2% 0.1%
A&D Mortgage LLC $125,000 $330,000 164.0% 0.1%
INTELLILOAN, INC. $325,000 n/a 0.1%
Waterstone Mortgage Corporation $425,000 $325,000 -23.5% 0.1%
Loan Simple, Inc. $315,000 n/a 0.1%
MEMBER HOME LOAN, L.L.C. $315,000 n/a 0.1%
Figure Lending LLC $310,000 n/a 0.1%
Credit Union of Texas $460,000 $285,000 -38.0% 0.0%
Lone Star National Bank $870,000 $285,000 -67.2% 0.0%
Capital Bank $275,000 n/a 0.0%
Keystone Funding, Inc. $470,000 $265,000 -43.6% 0.0%
TEXAS TECH $265,000 n/a 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $255,000 n/a 0.0%
First Community Bank $245,000 n/a 0.0%
SFMC, LP $10,480,000 $245,000 -97.7% 0.0%
BOKF $135,000 $235,000 74.1% 0.0%
LENDSURE MORTGAGE CORP. $1,180,000 $235,000 -80.1% 0.0%
American Mortgage Bank, LLC $225,000 n/a 0.0%
Brighton Bank $225,000 n/a 0.0%
Mid-Continent Funding, Inc. $225,000 n/a 0.0%
AMERICAN FEDERAL MORTGAGE CORPORATION $215,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $415,000 $215,000 -48.2% 0.0%
Regions Bank $905,000 $215,000 -76.2% 0.0%
HOMEOWNERS FINANCIAL GROUP USA, LLC $205,000 n/a 0.0%
LAKEVIEW LOAN SERVICING, LLC $175,000 $205,000 17.1% 0.0%
SWBC MORTGAGE CORPORATION $195,000 n/a 0.0%
FIRSTMARK $180,000 n/a 0.0%
NBKC BANK $165,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $135,000 $155,000 14.8% 0.0%
H E B $195,000 $155,000 -20.5% 0.0%
HighTechLending Inc $155,000 n/a 0.0%
LIBERTYONE Credit Union $150,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $155,000 $145,000 -6.5% 0.0%
First National Bank Texas $140,000 n/a 0.0%
Hometown Equity Mortgage, LLC $135,000 n/a 0.0%
SPRING EQ, LLC $130,000 n/a 0.0%
Bank of England $1,245,000 $125,000 -90.0% 0.0%
PHH Mortgage Corporation $55,000 $125,000 127.3% 0.0%
AMWEST FUNDING CORP. $530,000 $105,000 -80.2% 0.0%
SOUTHWEST STAGE FUNDING, LLC $550,000 $105,000 -80.9% 0.0%
United Texas Credit Union $105,000 n/a 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $100,000 n/a 0.0%
LENDINGONE, LLC $95,000 n/a 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $85,000 n/a 0.0%
Ally Bank $75,000 n/a 0.0%
HOUSTON TEXAS FIRE FIGHTERS $75,000 n/a 0.0%
A+ Federal Credit Union $45,000 $65,000 44.4% 0.0%
CSL Financial, LLC $140,000 $65,000 -53.6% 0.0%
FirstBank $700,000 $65,000 -90.7% 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $65,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $290,000 $60,000 -79.3% 0.0%
CHARTWAY FEDERAL CREDIT UNION $55,000 n/a 0.0%
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $45,000 n/a 0.0%
GREATER TEXAS FEDERAL CREDIT UNION $45,000 n/a 0.0%

LAREDO's top lender by overall market share is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 9.5% market share. In second place, with 9.1%, is FREEDOM MORTGAGE CORPORATION, having originated $55,285,000 in loans. In third place, with 8.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $52,015,000 in loans. In fourth place, with 3.9%, is Falcon International Bank, having originated $23,970,000 in loans. In fifth place, with 3.8%, is CMG MORTGAGE, INC., having originated $23,320,000 in loans.

LAREDO, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,044 $513,220,000 $251,086
Refi 171 $39,885,000 $233,246
Cash Out Refi 169 $33,935,000 $200,799
Other 133 $15,375,000 $115,602
Home Improvement 73 $5,995,000 $82,123
NA 6 $1,060,000 $176,667

Laredo's most frequently cited loan purpose was Home Purchase, with 2,044 originations. The 2nd most popular reason was Refi, with 171 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,013 $258,085,000 $254,773
5-6% 599 $166,625,000 $278,172
7-8% 392 $84,640,000 $215,918
Over 8% 255 $31,565,000 $123,784
<2.5% 149 $1,245,000 $8,356
4-5% 49 $13,285,000 $271,122
2.5-3% 3 $545,000 $181,667
3-4% 1 $215,000 $215,000

During 2024, Laredo's most frequently originated rate bucket was 6-7%, with 1,013 originations.

Loan Sizing (LAREDO, TX MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 1,387 $374,365,000 $269,910
$100k-200k 607 $96,095,000 $158,311
$100,000 or less 446 $18,530,000 $41,547
$400k-600k 113 $51,645,000 $457,035
$600k-1000k 25 $18,595,000 $743,800
$Over $1MM 18 $50,240,000 $2,791,111

LAREDO's loan sizing saw the bucket of loans from $200k-400k with 1,387 originations, totaling $374,365,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,569 $408,915,000 $260,621
60-80% 359 $88,775,000 $247,284
Under 20% 237 $4,225,000 $17,827
40-60% 135 $26,585,000 $196,926
20-40% 116 $10,620,000 $91,552
Over 100% 28 $8,340,000 $297,857

LAREDO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,569 originations, totaling $408,915,000 in origination value.