LAREDO Mortgage Rates

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

30 Year Fixed Rate mortgages in Laredo averaged 5.69% for the week of 2022-05-12, compared to the national average of 5.3% for the same period.

The average rate for the prior week (2022-05-05) was 5.46% and one month ago for the week of 2022-04-07, the average rate was 4.91%.

Laredo's average rate one year ago was 3.24%.

For refis of the same type during the week of 2022-05-12, the average rate was 5.26%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-05-12 5.3%
Laredo 30 Year Fixed Rate 2022-05-12 5.69%
Laredo 30 Year Fixed Rate Refi 2022-05-12 5.26%
Laredo 15 Year Fixed Rate 2022-05-12 4.86%
Laredo 15 Year Fixed Rate Refi 2022-05-12 4.79%
Laredo 30 Year FHA 2022-05-12 5.17%
Laredo 30 Year FHA Refi 2022-05-12 5.47%
Laredo 30 Year USDA 2022-05-12 3.56%
Laredo 30 Year VA 2022-05-12 5.56%
Laredo 30 Year VA Refi 2022-05-12 4.89%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 95 3.17% $5,253
HOME POINT FINANCIAL CORPORATION 91 2.94% $6,173
Flagstar Bank, FSB 76 3.05% $5,342
SFMC, LP 73 3.55% $6,079
MORTGAGE FINANCIAL SERVICES, LLC 64 3.16% $5,086
Wells Fargo Bank 47 3.17% $2,525
PENNYMAC LOAN SERVICES, LLC 46 2.88% $5,164
HOMEBRIDGE FINANCIAL SERVICES, INC. 40 3.37% $7,085
UNITED WHOLESALE MORTGAGE, LLC 39 2.97% $3,910
PRIMELENDING, A PLAINSCAPITAL COMPANY 32 3.44% $4,723
THRIVE MORTGAGE, LLC 30 3.24% $5,785
VAN DYK MORTGAGE CORPORATION 30 3.21% $4,679
Gateway First Bank 29 3.10% $4,086
CALIBER HOME LOANS, INC. 27 3.13% $4,340
SOUTHWEST FUNDING, LP 25 3.30% $9,292
International Bank of Commerce 22 3.47% $3,922
CROSSCOUNTRY MORTGAGE, LLC 21 3.27% $7,855
BBVA USA 21 3.22% $4,836
LOANDEPOT.COM, LLC 19 3.28% $6,771
CMG MORTGAGE, INC. 17 3.21% $4,161
NATIONS DIRECT MORTGAGE, LLC 14 3.44% $6,472
LOANPAL, LLC 14 3.16% $5,449
PANORAMA MORTGAGE GROUP, LLC 13 3.37% $5,214
Mr. Cooper ( Nationstar Mortgage ) 12 3.57% $5,956
UNION HOME MORTGAGE CORP. 11 3.03% $5,197
JPMorgan Chase Bank 11 3.16% $3,653
SECURITY SERVICE 8 3.14% $3,219
LEADERONE FINANCIAL CORPORATION 8 3.40% $6,119
MID AMERICA MORTGAGE, INC. 8 3.28% $5,495
AMERISAVE MORTGAGE CORPORATION 8 3.03% $5,097
Bank of America 7 2.91% $3,962
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 7 3.43% $5,963
First Option Mortgage, LLC 7 4.00% $5,663
Citizens Bank 7 2.93% $9,633
FREEDOM MORTGAGE CORPORATION 6 2.90% $3,525
NEWREZ LLC 6 3.54% $5,166
Bank of England 6 3.06% $6,566
BETTER MORTGAGE CORPORATION 5 2.70% $5,926
AmeriHome Mortgage Company, LLC 5 3.25% $5,300
PENTAGON FEDERAL CREDIT UNION 5 3.13% $2,636
HOMESIDE FINANCIAL, LLC 4 3.28% $5,147
SECURITYNATIONAL MORTGAGE COMPANY 4 3.53% $4,200
AMCAP MORTGAGE, LTD. 4 3.34% $7,682
Paramount Residential Mortgage Group, Inc. 4 2.91% $6,138
WILLOW BEND MORTGAGE COMPANY, LLC 4 3.31% $9,151
Hometown Lenders, Inc. 3 3.50% $6,123
RANDOLPH-BROOKS 3 3.67% $3,181
MOVEMENT MORTGAGE, LLC 3 2.93% $4,586
DIRECTIONS EQUITY, LLC 3 3.17% $5,540
ROYAL UNITED MORTGAGE LLC 3 3.08% $8,225
AMERICAN FINANCIAL NETWORK, INC. 3 2.88% $10,774
Carrington Mortgage Services, LLC 3 3.71% $5,236
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.00% $4,266
PLAZA HOME MORTGAGE, INC. 3 3.04% $5,513
T2 FINANCIAL LLC 2 2.88% $5,345
BROKER SOLUTIONS, INC. 2 3.00% $3,080
Chicago Mortgage Solutions LLC 2 2.94% $2,938
Generations Community Federal Credit Union 2 4.20% $3,324
InterContinental Capital Group, Inc 2 3.18% $4,644
LADERA LENDING, INC. 2 3.44% $4,439
MUTUAL OF OMAHA MORTGAGE, INC. 2 3.06% $3,106
NAVY FEDERAL CREDIT UNION 2 4.00% $3,369
PLANET HOME LENDING, LLC 2 3.13% $3,440
U.S. Bank 2 3.00% $4,333
Nations Lending Corporation 1 2.88% $7,893
NATIONS RELIABLE LENDING, LLC 1 2.88% $2,947
Wallick & Volk, Inc. 1 3.88% $650
NBKC BANK 1 2.63% $1,990
NETWORK CAPITAL FUNDING CORPORATION 1 2.88% $2,040
Lakeview Community Capital, LLC 1 4.13% $8,070
NFM, INC. 1 3.25% $8,381
NTFN, INC. 1 3.50% $6,235
Independent Bank 1 3.38% $4,935
GUILD MORTGAGE COMPANY 1 3.25% $4,476
GREAT WESTERN FINANCIAL SERVICES, INC. 1 3.50% $3,965
First National Bank of America 1 6.50% $7,205
PHH Mortgage Corporation 1 4.88% $3,539
PILGRIM MORTGAGE LLC 1 4.00% $9,497
A&D Mortgage LLC 1 6.49% $7,999
FINANCE OF AMERICA MORTGAGE LLC 1 4.25% $9,179
PNC Bank 1 3.25% $3,193
EVERETT FINANCIAL, INC. 1 3.50% $3,132
Prosperity Bank 1 2.50% $6,193
DRAPER AND KRAMER MORTGAGE CORP. 1 2.99% $4,419
Discover Bank 1 3.99% $0
Regions Bank 1 2.75% $4,100
DEEPHAVEN MORTGAGE LLC 1 5.88% $7,505
CORNERSTONE MORTGAGE PARTNERS OF TEXAS, L.P. 1 3.00% $3,527
CORNERSTONE HOME LENDING, INC. 1 2.88% $15,589
CITIZENS EQUITY FIRST 1 2.50% $4,121
Sierra Pacific Mortgage Company, Inc. 1 2.88% $5,129
SIRVA MORTGAGE, INC. 1 2.75% $2,909
SOFI LENDING CORP. 1 3.13% $4,165
ASPIRE FINANCIAL, INC. 1 2.63% $4,399
SWBC MORTGAGE CORPORATION 1 2.88% $4,065
1ST FINANCIAL, INC. 1 2.87% $4,567
Texas Mortgage Lending, LLC 1 3.38% $2,625
The Central Trust Bank 1 3.25% $3,665
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 6.25% $11,660
Truity Federal Credit Union 1 2.75% $3,492
Amerifirst Financial, Inc. 1 3.13% $4,796
AMERICAN FINANCING CORPORATION 1 3.88% $3,888
ACADEMY MORTGAGE CORPORATION 1 3.25% $5,041
AMERICAN FEDERAL MORTGAGE CORPORATION 1 2.63% $3,215
VELOCIO MORTGAGE L.L.C. 1 2.88% $6,077
Mortgage Research Center, LLC 1 2.75% $1,648
LOANPEOPLE, LLC 1 2.75% $3,839
V.I.P. MORTGAGE, INC. 1 2.63% $4,086
LOANFLIGHT LENDING, LLC 1 2.49% $2,389

LAREDO, TX's 109 lenders originated 4,821 loans during 2021. The total origination value was $1,000,605,000, with an average loan value of $207,551.

The top LAREDO lender as defined by loan originations is QUICKEN LOANS, LLC, with 95 loans originated. Their average total fees are $5,253, which is $920 lower than the next largest lender, HOME POINT FINANCIAL CORPORATION.

The lowest fee LAREDO lenders (with over 10 loans originated) are Wells Fargo Bank ($2,525), JPMorgan Chase Bank ($3,653), UNITED WHOLESALE MORTGAGE, LLC ($3,910), International Bank of Commerce ($3,922) and Gateway First Bank ($4,086).

The lowest rate LAREDO lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (2.88%), HOME POINT FINANCIAL CORPORATION (2.94%), UNITED WHOLESALE MORTGAGE, LLC (2.97%), UNION HOME MORTGAGE CORP. (3.03%) and Flagstar Bank, FSB (3.05%).

LAREDO, TX Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
SFMC, LP $47,440,000 $68,340,000 44.1% 6.8%
MORTGAGE FINANCIAL SERVICES, LLC $54,930,000 $62,540,000 13.9% 6.3%
QUICKEN LOANS, LLC $40,160,000 $61,710,000 53.7% 6.2%
FREEDOM MORTGAGE CORPORATION $50,095,000 $57,400,000 14.6% 5.7%
HOME POINT FINANCIAL CORPORATION $36,040,000 $41,860,000 16.1% 4.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $31,445,000 $38,080,000 21.1% 3.8%
Flagstar Bank, FSB $36,790,000 $36,845,000 0.1% 3.7%
BERKELEY POINT CAPITAL LLC $36,765,000 n/a 3.7%
Wells Fargo Bank $17,945,000 $33,135,000 84.6% 3.3%
CROSSCOUNTRY MORTGAGE, LLC $13,885,000 $30,040,000 116.3% 3.0%
VAN DYK MORTGAGE CORPORATION $19,900,000 $27,315,000 37.3% 2.7%
PENNYMAC LOAN SERVICES, LLC $10,280,000 $27,105,000 163.7% 2.7%
PRIMELENDING, A PLAINSCAPITAL COMPANY $24,060,000 $24,200,000 0.6% 2.4%
UNITED WHOLESALE MORTGAGE, LLC $20,705,000 $19,620,000 -5.2% 2.0%
CMG MORTGAGE, INC. $11,715,000 $18,880,000 61.2% 1.9%
Texas Community Bank $12,830,000 $18,810,000 46.6% 1.9%
International Bank of Commerce $28,225,000 $18,660,000 -33.9% 1.9%
Gateway First Bank $11,520,000 $18,350,000 59.3% 1.8%
CALIBER HOME LOANS, INC. $9,970,000 $17,690,000 77.4% 1.8%
THRIVE MORTGAGE, LLC $23,895,000 $16,310,000 -31.7% 1.6%
BBVA USA $23,265,000 $16,190,000 -30.4% 1.6%
BM Real Estate Services, Inc. $12,460,000 $14,440,000 15.9% 1.4%
SOUTHWEST FUNDING, LP $23,760,000 $14,230,000 -40.1% 1.4%
PANORAMA MORTGAGE GROUP, LLC $420,000 $13,695,000 3,160.7% 1.4%
Mr. Cooper ( Nationstar Mortgage ) $11,580,000 $13,170,000 13.7% 1.3%
Falcon International Bank $7,545,000 $11,960,000 58.5% 1.2%
NATIONS DIRECT MORTGAGE, LLC $4,295,000 $10,890,000 153.6% 1.1%
LOANDEPOT.COM, LLC $3,280,000 $10,155,000 209.6% 1.0%
Lakeview Community Capital, LLC $1,750,000 $10,075,000 475.7% 1.0%
SECURITYNATIONAL MORTGAGE COMPANY $9,070,000 $9,000,000 -0.8% 0.9%
Carrington Mortgage Services, LLC $8,785,000 $8,435,000 -4.0% 0.8%
MOVEMENT MORTGAGE, LLC $22,935,000 $7,915,000 -65.5% 0.8%
Vantage Bank Texas $7,505,000 $7,765,000 3.5% 0.8%
MID AMERICA MORTGAGE, INC. $4,230,000 $7,250,000 71.4% 0.7%
NEWREZ LLC $3,255,000 $7,020,000 115.7% 0.7%
MOUNTAIN WEST FINANCIAL, INC. $3,430,000 $6,950,000 102.6% 0.7%
WILLOW BEND MORTGAGE COMPANY, LLC $2,305,000 $6,280,000 172.5% 0.6%
AmeriHome Mortgage Company, LLC $6,710,000 $6,120,000 -8.8% 0.6%
LEADERONE FINANCIAL CORPORATION $7,030,000 $6,120,000 -12.9% 0.6%
JPMorgan Chase Bank $4,340,000 $5,900,000 35.9% 0.6%
AMERISAVE MORTGAGE CORPORATION $4,650,000 $5,310,000 14.2% 0.5%
LOANPAL, LLC $4,775,000 $5,250,000 9.9% 0.5%
UNION HOME MORTGAGE CORP. $3,765,000 $5,050,000 34.1% 0.5%
Bank of England $6,005,000 $4,440,000 -26.1% 0.4%
SECURITY SERVICE $5,345,000 $4,220,000 -21.0% 0.4%
RANDOLPH-BROOKS $1,925,000 $4,140,000 115.1% 0.4%
First Option Mortgage, LLC $4,015,000 n/a 0.4%
Mortgage Research Center, LLC $3,445,000 $3,940,000 14.4% 0.4%
LAKEVIEW LOAN SERVICING, LLC $1,045,000 $3,895,000 272.7% 0.4%
AMCAP MORTGAGE, LTD. $2,655,000 $3,740,000 40.9% 0.4%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $5,060,000 $3,660,000 -27.7% 0.4%
21ST MORTGAGE CORPORATION $4,125,000 $3,595,000 -12.8% 0.4%
PENTAGON FEDERAL CREDIT UNION $440,000 $3,475,000 689.8% 0.3%
Paramount Residential Mortgage Group, Inc. $12,605,000 $3,395,000 -73.1% 0.3%
NAVY FEDERAL CREDIT UNION $2,905,000 $3,315,000 14.1% 0.3%
Bank of America $2,635,000 $3,270,000 24.1% 0.3%
PLANET HOME LENDING, LLC $2,080,000 $3,210,000 54.3% 0.3%
PLAZA HOME MORTGAGE, INC. $5,485,000 $3,010,000 -45.1% 0.3%
USAA Federal Savings Bank $2,885,000 $2,925,000 1.4% 0.3%
VILLAGE CAPITAL & INVESTMENT LLC $2,970,000 $2,850,000 -4.0% 0.3%
Citizens Bank $6,825,000 $2,495,000 -63.4% 0.2%
BETTER MORTGAGE CORPORATION $840,000 $2,425,000 188.7% 0.2%
BROKER SOLUTIONS, INC. $2,950,000 $2,245,000 -23.9% 0.2%
AMERICAN FINANCIAL NETWORK, INC. $475,000 $1,910,000 302.1% 0.2%
InterContinental Capital Group, Inc $305,000 $1,870,000 513.1% 0.2%
Bank of Hope $1,805,000 n/a 0.2%
First Guaranty Mortgage Corporation $555,000 $1,475,000 165.8% 0.1%
U.S. Bank $960,000 $1,475,000 53.6% 0.1%
HOMESIDE FINANCIAL, LLC $1,470,000 n/a 0.1%
CLEARPATH LENDING $1,295,000 $1,260,000 -2.7% 0.1%
DIRECTIONS EQUITY, LLC $1,230,000 $1,195,000 -2.8% 0.1%
ROYAL UNITED MORTGAGE LLC $880,000 $1,000,000 13.6% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,175,000 $885,000 -24.7% 0.1%
BECKAM FUNDING CORP. $145,000 $880,000 506.9% 0.1%
Hometown Lenders, Inc. $1,970,000 $860,000 -56.3% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $205,000 $855,000 317.1% 0.1%
Wallick & Volk, Inc. $320,000 $855,000 167.2% 0.1%
CORNERSTONE HOME LENDING, INC. $550,000 $850,000 54.5% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $265,000 $825,000 211.3% 0.1%
CHURCHILL MORTGAGE CORPORATION $680,000 $760,000 11.8% 0.1%
Commerce Home Mortgage, Inc. $760,000 n/a 0.1%
LADERA LENDING, INC. $755,000 n/a 0.1%
ACADEMY MORTGAGE CORPORATION $335,000 $730,000 117.9% 0.1%
Hometown Equity Mortgage, LLC $700,000 n/a 0.1%
NP, Inc. $265,000 $695,000 162.3% 0.1%
Manufacturers and Traders Trust Company $760,000 $620,000 -18.4% 0.1%
GREAT WESTERN FINANCIAL SERVICES, INC. $615,000 n/a 0.1%
T2 FINANCIAL LLC $615,000 n/a 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $530,000 $600,000 13.2% 0.1%
DEEPHAVEN MORTGAGE LLC $575,000 n/a 0.1%
FINANCE OF AMERICA MORTGAGE LLC $1,230,000 $565,000 -54.1% 0.1%
Prosperity Bank $55,000 $565,000 927.3% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $1,430,000 $565,000 -60.5% 0.1%
PILGRIM MORTGAGE LLC $175,000 $550,000 214.3% 0.1%
SWBC MORTGAGE CORPORATION $360,000 $545,000 51.4% 0.1%
EVERETT FINANCIAL, INC. $835,000 $530,000 -36.5% 0.1%
NATIONS RELIABLE LENDING, LLC $570,000 $510,000 -10.5% 0.1%
GUARANTEED RATE, INC. $895,000 $505,000 -43.6% 0.1%
CONTOUR MORTGAGE CORPORATION $195,000 $500,000 156.4% 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $525,000 $475,000 -9.5% 0.0%
Independent Bank $440,000 n/a 0.0%
OCEANSIDE MORTGAGE COMPANY $640,000 $430,000 -32.8% 0.0%
Sierra Pacific Mortgage Company, Inc. $430,000 n/a 0.0%
SOFI LENDING CORP. $370,000 $430,000 16.2% 0.0%
NEW DAY FINANCIAL, LLC $1,095,000 $425,000 -61.2% 0.0%
Regions Bank $860,000 $420,000 -51.2% 0.0%
Chicago Mortgage Solutions LLC $390,000 n/a 0.0%
NETWORK CAPITAL FUNDING CORPORATION $115,000 $390,000 239.1% 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $390,000 n/a 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $390,000 n/a 0.0%
First Savings Bank $385,000 n/a 0.0%
Nations Lending Corporation $505,000 $380,000 -24.8% 0.0%
PHH Mortgage Corporation $430,000 $380,000 -11.6% 0.0%
The Federal Savings Bank $275,000 $330,000 20.0% 0.0%
LOANFLIGHT LENDING, LLC $325,000 n/a 0.0%
ASPIRE FINANCIAL, INC. $315,000 n/a 0.0%
CITIZENS EQUITY FIRST $315,000 n/a 0.0%
Paramount Bank $315,000 $315,000 0.0% 0.0%
LIBERTY HOME MORTGAGE CORPORATION $305,000 $305,000 0.0% 0.0%
Waterstone Mortgage Corporation $300,000 n/a 0.0%
Generations Community Federal Credit Union $450,000 $295,000 -34.4% 0.0%
SOUTHWEST STAGE FUNDING, LLC $360,000 $290,000 -19.4% 0.0%
NBKC BANK $590,000 $285,000 -51.7% 0.0%
PNC Bank $440,000 $285,000 -35.2% 0.0%
STEARNS LENDING, LLC $285,000 n/a 0.0%
RB MORTGAGE LLC $280,000 n/a 0.0%
Low VA Rates, LLC $495,000 $260,000 -47.5% 0.0%
AMERICAN FEDERAL MORTGAGE CORPORATION $255,000 n/a 0.0%
NFM, INC. $255,000 n/a 0.0%
Barrington Bank & Trust Company, N.A. $220,000 $245,000 11.4% 0.0%
FirstBank $245,000 n/a 0.0%
Ally Bank $235,000 n/a 0.0%
The Central Trust Bank $235,000 n/a 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $225,000 n/a 0.0%
METROPLEX MORTGAGE SERVICES, INC. $225,000 n/a 0.0%
NAVY ARMY COMMUNITY CREDIT UNION $225,000 n/a 0.0%
Town Square Mortgage & Investments, Inc. $225,000 n/a 0.0%
Truity Federal Credit Union $225,000 n/a 0.0%
EUSTIS AND AMERICAN MORTGAGE COMPANY $215,000 n/a 0.0%
SIRVA MORTGAGE, INC. $215,000 n/a 0.0%
CIVIC FINANCIAL SERVICES, LLC $210,000 n/a 0.0%
Colten Mortgage, LLC $195,000 $205,000 5.1% 0.0%
ASSEMBLIES OF GOD Credit Union $195,000 n/a 0.0%
Colonial Savings, F.A. $865,000 $185,000 -78.6% 0.0%
First United Bank and Trust Company $175,000 $185,000 5.7% 0.0%
VELOCIO MORTGAGE L.L.C. $235,000 $185,000 -21.3% 0.0%
GUILD MORTGAGE COMPANY $165,000 $180,000 9.1% 0.0%
NASA Federal Credit Union $205,000 $165,000 -19.5% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $630,000 $165,000 -73.8% 0.0%
Texas Regional Bank $165,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $160,000 n/a 0.0%
V.I.P. MORTGAGE, INC. $155,000 n/a 0.0%
First National Bank of America $145,000 n/a 0.0%
LOANPEOPLE, LLC $145,000 n/a 0.0%
NTFN, INC. $145,000 n/a 0.0%
Texas Mortgage Lending, LLC $185,000 $145,000 -21.6% 0.0%
1ST FINANCIAL, INC. $135,000 n/a 0.0%
BNC National Bank $135,000 n/a 0.0%
Credit Union of Texas $135,000 n/a 0.0%
Stride Bank $135,000 n/a 0.0%
Wyndham Capital Mortgage, Inc. $135,000 n/a 0.0%
CORNERSTONE MORTGAGE PARTNERS OF TEXAS, L.P. $125,000 n/a 0.0%
RF Renovo Management Company, LLC $125,000 n/a 0.0%
H E B $160,000 $110,000 -31.3% 0.0%
A&D Mortgage LLC $105,000 n/a 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $310,000 $105,000 -66.1% 0.0%
Discover Bank $125,000 $105,000 -16.0% 0.0%
MICHIGAN MUTUAL, INC. $105,000 n/a 0.0%
Truist Bank $95,000 n/a 0.0%
American Airlines Federal Credit Union $85,000 n/a 0.0%
Amerifirst Financial, Inc. $85,000 n/a 0.0%
FAY SERVICING, LLC $85,000 n/a 0.0%
AMERICAN ADVISORS GROUP $140,000 $65,000 -53.6% 0.0%
NEXUS SERIES B, LLC $65,000 n/a 0.0%
CHERRY CREEK MORTGAGE, LLC $55,000 n/a 0.0%
CSL Financial, LLC $90,000 $55,000 -38.9% 0.0%
Baxter Credit Union $175,000 $45,000 -74.3% 0.0%

LAREDO's top lender by overall market share is SFMC, LP, with 6.8% market share. In second place, with 6.3%, is MORTGAGE FINANCIAL SERVICES, LLC, having originated $62,540,000 in loans. In third place, with 6.2%, is QUICKEN LOANS, LLC, having originated $61,710,000 in loans. In third place, with 5.7%, is FREEDOM MORTGAGE CORPORATION, having originated $57,400,000 in loans. In third place, with 4.2%, is HOME POINT FINANCIAL CORPORATION, having originated $41,860,000 in loans.


LAREDO, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,678 $620,660,000 $231,763
Refi 1,705 $308,555,000 $180,971
Cash Out Refi 371 $64,805,000 $174,677
Home Improvement 36 $3,380,000 $93,889
Other 30 $3,140,000 $104,667
NA 1 $65,000 $65,000

Laredo's most frequently cited loan purpose was Home Purchase, with 2,678 originations. The 2nd most popular reason was Refi, with 1,705 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 1,786 $383,590,000 $214,776
3-4% 1,712 $343,070,000 $200,391
<2.5% 909 $163,145,000 $179,477
4-5% 136 $24,810,000 $182,426
Over 8% 39 $2,525,000 $64,744
5-6% 33 $4,595,000 $139,242
6-7% 18 $2,350,000 $130,556
7-8% 14 $1,050,000 $75,000

During 2021, Laredo's most frequently originated rate bucket was 2.5-3%, with 1,786 originations.

Loan Sizing (LAREDO, TX MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 2,239 $349,425,000 $156,063
$200k-400k 1,943 $504,495,000 $259,647
$100,000 or less 522 $31,300,000 $59,962
$400k-600k 96 $45,740,000 $476,458
$600k-1000k 13 $9,655,000 $742,692
$Over $1MM 8 $59,990,000 $7,498,750

LAREDO's loan sizing saw the bucket of loans from $100k-200k with 2,239 originations, totaling $349,425,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,767 $598,915,000 $216,449
60-80% 1,027 $244,085,000 $237,668
40-60% 329 $47,375,000 $143,997
Under 20% 118 $1,210,000 $10,254
20-40% 81 $7,135,000 $88,086
Over 100% 33 $8,595,000 $260,455

LAREDO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,767 originations, totaling $598,915,000 in origination value.