LAREDO Mortgage Rates & Closing Costs
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% |
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.).
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.