MCALLEN - EDINBURG - MISSION Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mcallen - Edinburg - Mission averaged
7.01%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.94% and
one month ago for the week of 2024-10-03, the
average rate was 6.24%.
Mcallen - Edinburg - Mission's average rate one year ago was 7.98%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.97%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Mcallen - Edinburg - Mission 30 Year Fixed Rate | 2024-11-07 | 7.01% |
| Mcallen - Edinburg - Mission 30 Year Fixed Rate Refi | 2024-11-07 | 6.97% |
| Mcallen - Edinburg - Mission 15 Year Fixed Rate | 2024-11-07 | 6.1% |
| Mcallen - Edinburg - Mission 15 Year Fixed Rate Refi | 2024-11-07 | 6.2% |
| Mcallen - Edinburg - Mission 30 Year FHA | 2024-11-07 | 6.37% |
| Mcallen - Edinburg - Mission 30 Year FHA Refi | 2024-11-07 | 6.02% |
| Mcallen - Edinburg - Mission 30 Year USDA | 2024-11-07 | 6.38% |
| Mcallen - Edinburg - Mission 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Mcallen - Edinburg - Mission 30 Year VA | 2024-11-07 | 6.38% |
| Mcallen - Edinburg - Mission 30 Year VA Refi | 2024-11-07 | 6.24% |
MCALLEN - EDINBURG - MISSION 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 MCALLEN-EDINBURG-MISSION, 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.).
MCALLEN - EDINBURG - MISSION Average Closing Costs & Other Stats
MCALLEN-EDINBURG-MISSION, TX's 170 lenders originated 6,763
loans during 2023. The total origination value was $1,684,565,000, with an average loan value of
$249,085.
MCALLEN - EDINBURG - MISSION's average closing costs are $7,447.
The top MCALLEN - EDINBURG - MISSION lender as defined by loan originations is QUICKEN LOANS, LLC, with
243 loans originated. Their average total fees are
$7,217, which is $2,051
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee MCALLEN - EDINBURG - MISSION lenders (with over 10 loans originated) are
Wells Fargo Bank ($3,882), SECURITY FIRST Federal Credit Union ($4,050), SECURITY SERVICE ($4,097), NAVY ARMY COMMUNITY CREDIT UNION ($4,300) and International Bank of Commerce ($4,750).
The lowest rate MCALLEN - EDINBURG - MISSION lenders (with over 10 loans originated) are
SECURITY FIRST Federal Credit Union (4.93%), Bank of America (6.32%), U.S. Bank (6.35%), International Bank of Commerce (6.47%) and SECURITY SERVICE (6.49%).
MCALLEN-EDINBURG-MISSION, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| WILLOW BEND MORTGAGE COMPANY, LLC | $151,145,000 | $118,910,000 | -21.3% | 7.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $72,845,000 | $106,270,000 | 45.9% | 6.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $59,490,000 | $87,220,000 | 46.6% | 5.2% |
| QUICKEN LOANS, LLC | $107,890,000 | $79,110,000 | -26.7% | 4.7% |
| CMG MORTGAGE, INC. | $23,685,000 | $63,925,000 | 169.9% | 3.8% |
| AMCAP MORTGAGE, LTD. | $76,415,000 | $60,960,000 | -20.2% | 3.6% |
| ASCENT HOME LENDING, LLC | $41,880,000 | $53,595,000 | 28.0% | 3.2% |
| Lone Star National Bank | $52,495,000 | $52,230,000 | -0.5% | 3.1% |
| NAVY ARMY COMMUNITY CREDIT UNION | $84,210,000 | $48,385,000 | -42.5% | 2.9% |
| SECURITY SERVICE | $65,470,000 | $47,245,000 | -27.8% | 2.8% |
| MOVEMENT MORTGAGE, LLC | $35,850,000 | $44,250,000 | 23.4% | 2.6% |
| ACADEMY MORTGAGE CORPORATION | $51,340,000 | $38,935,000 | -24.2% | 2.3% |
| DIRECTIONS EQUITY, LLC | $49,765,000 | $35,365,000 | -28.9% | 2.1% |
| NATIONS RELIABLE LENDING, LLC | $47,025,000 | $31,200,000 | -33.7% | 1.9% |
| Mortgage Research Center, LLC | $35,335,000 | $29,760,000 | -15.8% | 1.8% |
| Texas National Bank | $37,370,000 | $27,395,000 | -26.7% | 1.6% |
| BERKELEY POINT CAPITAL LLC | $27,290,000 | n/a | 1.6% | |
| JPMorgan Chase Bank | $19,125,000 | $25,835,000 | 35.1% | 1.5% |
| Nations Lending Corporation | $6,780,000 | $25,260,000 | 272.6% | 1.5% |
| Paramount Residential Mortgage Group, Inc. | $24,740,000 | $24,465,000 | -1.1% | 1.5% |
| Rio Bank | $11,135,000 | $24,180,000 | 117.2% | 1.4% |
| HOMESIDE FINANCIAL, LLC | $12,735,000 | $22,645,000 | 77.8% | 1.3% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $26,265,000 | $22,575,000 | -14.0% | 1.3% |
| First National Bank Texas | $105,000 | $19,070,000 | 18,061.9% | 1.1% |
| International Bank of Commerce | $12,240,000 | $18,305,000 | 49.6% | 1.1% |
| Flagstar Bank, FSB | $15,810,000 | $18,000,000 | 13.9% | 1.1% |
| Vantage Bank Texas | $14,950,000 | $16,510,000 | 10.4% | 1.0% |
| Texas Regional Bank | $23,250,000 | $15,645,000 | -32.7% | 0.9% |
| PLAZA HOME MORTGAGE, INC. | $6,135,000 | $14,435,000 | 135.3% | 0.9% |
| Falcon International Bank | $3,690,000 | $13,325,000 | 261.1% | 0.8% |
| 21ST MORTGAGE CORPORATION | $11,895,000 | $12,940,000 | 8.8% | 0.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $10,740,000 | $12,100,000 | 12.7% | 0.7% |
| PNC Bank | $20,440,000 | $12,075,000 | -40.9% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $19,590,000 | $10,860,000 | -44.6% | 0.6% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $5,070,000 | $10,460,000 | 106.3% | 0.6% |
| CORNERSTONE HOME LENDING, INC. | $6,835,000 | $10,455,000 | 53.0% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $15,515,000 | $9,860,000 | -36.4% | 0.6% |
| Bank of America | $9,220,000 | $9,780,000 | 6.1% | 0.6% |
| Town Square Mortgage & Investments, Inc. | $9,310,000 | $9,720,000 | 4.4% | 0.6% |
| Arbor Realty Trust, Inc. | $2,940,000 | $9,255,000 | 214.8% | 0.5% |
| Gateway First Bank | $40,675,000 | $9,200,000 | -77.4% | 0.5% |
| SUN WEST MORTGAGE COMPANY, INC. | $4,065,000 | $8,825,000 | 117.1% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $10,425,000 | $8,065,000 | -22.6% | 0.5% |
| THRIVE MORTGAGE, LLC | $14,945,000 | $8,020,000 | -46.3% | 0.5% |
| DAS Acquisition Company, LLC | $7,590,000 | n/a | 0.5% | |
| S1L, Inc. | $34,125,000 | $7,335,000 | -78.5% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $18,155,000 | $7,255,000 | -60.0% | 0.4% |
| NEWREZ LLC | $4,415,000 | $7,235,000 | 63.9% | 0.4% |
| U.S. Bank | $6,640,000 | $7,110,000 | 7.1% | 0.4% |
| LOANDEPOT.COM, LLC | $12,880,000 | $6,450,000 | -49.9% | 0.4% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $10,010,000 | $6,400,000 | -36.1% | 0.4% |
| CommunityBank of Texas, N.A. | $6,270,000 | n/a | 0.4% | |
| Cache Valley Bank | $6,200,000 | n/a | 0.4% | |
| Wells Fargo Bank | $14,625,000 | $6,020,000 | -58.8% | 0.4% |
| Frost Bank | $3,735,000 | $6,005,000 | 60.8% | 0.4% |
| USAA Federal Savings Bank | $6,715,000 | $5,565,000 | -17.1% | 0.3% |
| IBC Brownsville | $4,855,000 | n/a | 0.3% | |
| DEEPHAVEN MORTGAGE LLC | $4,745,000 | n/a | 0.3% | |
| First Community Bank | $4,675,000 | n/a | 0.3% | |
| BROKER SOLUTIONS, INC. | $6,740,000 | $4,470,000 | -33.7% | 0.3% |
| INTERLINC MORTGAGE SERVICES, LLC | $26,600,000 | $4,030,000 | -84.8% | 0.2% |
| GUARANTEED RATE, INC. | $6,595,000 | $3,960,000 | -40.0% | 0.2% |
| Citadel Servicing Corporation | $2,240,000 | $3,920,000 | 75.0% | 0.2% |
| CARDINAL FINANCIAL | $18,410,000 | $3,845,000 | -79.1% | 0.2% |
| A&D Mortgage LLC | $1,260,000 | $3,655,000 | 190.1% | 0.2% |
| BancorpSouth | $620,000 | $3,620,000 | 483.9% | 0.2% |
| LEADERONE FINANCIAL CORPORATION | $3,795,000 | $3,550,000 | -6.5% | 0.2% |
| Barings Multifamily Capital | $3,395,000 | n/a | 0.2% | |
| SECURITY FIRST Federal Credit Union | $8,065,000 | $3,385,000 | -58.0% | 0.2% |
| OCMBC, INC. | $760,000 | $3,180,000 | 318.4% | 0.2% |
| Equity Prime Mortgage LLC | $1,240,000 | $3,080,000 | 148.4% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $3,035,000 | n/a | 0.2% | |
| Logan Finance Corporation | $685,000 | $2,970,000 | 333.6% | 0.2% |
| RANDOLPH-BROOKS | $3,465,000 | $2,890,000 | -16.6% | 0.2% |
| UNION HOME MORTGAGE CORP. | $775,000 | $2,825,000 | 264.5% | 0.2% |
| Merchants Bank of Indiana | $2,800,000 | n/a | 0.2% | |
| LENDINGHOME FUNDING CORPORATION | $1,140,000 | $2,565,000 | 125.0% | 0.2% |
| LAND HOME FINANCIAL SERVICES, INC. | $3,045,000 | $2,545,000 | -16.4% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $860,000 | $2,485,000 | 189.0% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $5,965,000 | $2,450,000 | -58.9% | 0.1% |
| NexBank | $1,425,000 | $2,390,000 | 67.7% | 0.1% |
| Texas Community Bank | $9,455,000 | $2,385,000 | -74.8% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,620,000 | $2,375,000 | -34.4% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $3,370,000 | $2,345,000 | -30.4% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $4,005,000 | $2,300,000 | -42.6% | 0.1% |
| EVERETT FINANCIAL, INC. | $20,645,000 | $2,290,000 | -88.9% | 0.1% |
| First Savings Bank | $890,000 | $2,290,000 | 157.3% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $6,145,000 | $2,275,000 | -63.0% | 0.1% |
| BETTER MORTGAGE CORPORATION | $2,660,000 | $2,265,000 | -14.8% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $805,000 | $2,265,000 | 181.4% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $2,065,000 | $2,185,000 | 5.8% | 0.1% |
| The Federal Savings Bank | $2,160,000 | n/a | 0.1% | |
| Discover Bank | $740,000 | $2,130,000 | 187.8% | 0.1% |
| LOANPAL, LLC | $5,680,000 | $2,115,000 | -62.8% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $3,295,000 | $2,030,000 | -38.4% | 0.1% |
| Presidential Bank, FSB | $1,985,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $275,000 | $1,930,000 | 601.8% | 0.1% |
| Carrington Mortgage Services, LLC | $3,300,000 | $1,875,000 | -43.2% | 0.1% |
| Hometown Equity Mortgage, LLC | $435,000 | $1,875,000 | 331.0% | 0.1% |
| FOUNDATION MORTGAGE CORPORATION | $1,815,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $445,000 | $1,785,000 | 301.1% | 0.1% |
| TIB The Independent Bankersbank | $285,000 | $1,690,000 | 493.0% | 0.1% |
| AMWEST FUNDING CORP. | $205,000 | $1,680,000 | 719.5% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $3,375,000 | $1,680,000 | -50.2% | 0.1% |
| GUILD MORTGAGE COMPANY | $4,950,000 | $1,565,000 | -68.4% | 0.1% |
| MORTGAGE FINANCIAL SERVICES, LLC | $905,000 | $1,565,000 | 72.9% | 0.1% |
| Plains Commerce Bank | $630,000 | $1,500,000 | 138.1% | 0.1% |
| NBKC BANK | $635,000 | $1,475,000 | 132.3% | 0.1% |
| AMERITRUST MORTGAGE CORPORATION | $1,460,000 | n/a | 0.1% | |
| BMO Harris Bank | $1,435,000 | n/a | 0.1% | |
| NEXERA HOLDING LLC | $305,000 | $1,420,000 | 365.6% | 0.1% |
| Farm Credit Mid-America, ACA | $925,000 | $1,365,000 | 47.6% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,355,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $7,670,000 | $1,350,000 | -82.4% | 0.1% |
| Citizens Bank | $4,460,000 | $1,345,000 | -69.8% | 0.1% |
| HALLMARK HOME MORTGAGE, LLC | $1,345,000 | n/a | 0.1% | |
| UNIVERSITY Federal Credit Union | $1,240,000 | $1,305,000 | 5.2% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,240,000 | n/a | 0.1% | |
| GREATER TEXAS FEDERAL CREDIT UNION | $3,680,000 | $1,205,000 | -67.3% | 0.1% |
| Truist | $1,090,000 | $1,190,000 | 9.2% | 0.1% |
| Centennial Bank | $1,130,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,460,000 | $1,105,000 | -24.3% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $440,000 | $1,070,000 | 143.2% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,640,000 | $1,055,000 | -35.7% | 0.1% |
| Loan Simple, Inc. | $1,105,000 | $1,040,000 | -5.9% | 0.1% |
| AMERICAN FINANCING CORPORATION | $180,000 | $1,010,000 | 461.1% | 0.1% |
| MICHIGAN MUTUAL, INC. | $440,000 | $1,010,000 | 129.5% | 0.1% |
| Regions Bank | $6,390,000 | $1,010,000 | -84.2% | 0.1% |
| North American Savings Bank, F.S.B. | $1,120,000 | $1,000,000 | -10.7% | 0.1% |
| COMMUNITY MORTGAGE FUNDING, LLC | $995,000 | n/a | 0.1% | |
| Bank of England | $300,000 | $985,000 | 228.3% | 0.1% |
| The Huntington National Bank | $1,265,000 | $980,000 | -22.5% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $1,325,000 | $970,000 | -26.8% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $1,615,000 | $965,000 | -40.2% | 0.1% |
| United Community Bank | $1,530,000 | $875,000 | -42.8% | 0.1% |
| City Bank | $405,000 | $870,000 | 114.8% | 0.1% |
| Morgan Stanley Private Bank | $3,995,000 | $820,000 | -79.5% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $280,000 | $770,000 | 175.0% | 0.0% |
| BEST FINANCE CAPITAL, INC. | $330,000 | $750,000 | 127.3% | 0.0% |
| ZILLOW HOME LOANS, LLC | $365,000 | $750,000 | 105.5% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $805,000 | $735,000 | -8.7% | 0.0% |
| GARDNER FINANCIAL SERVICES, LTD. | $725,000 | n/a | 0.0% | |
| The Loan Store, Inc. | $710,000 | n/a | 0.0% | |
| Prosperity Bank | $335,000 | $695,000 | 107.5% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $2,095,000 | $685,000 | -67.3% | 0.0% |
| NJ LENDERS CORP. | $255,000 | $685,000 | 168.6% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $1,060,000 | $675,000 | -36.3% | 0.0% |
| Greenbox Loans, Inc. | $660,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,155,000 | $655,000 | -43.3% | 0.0% |
| OAKTREE FUNDING CORP. | $2,020,000 | $640,000 | -68.3% | 0.0% |
| Network Funding, L.P. | $1,205,000 | $635,000 | -47.3% | 0.0% |
| First United Bank and Trust Company | $890,000 | $620,000 | -30.3% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $175,000 | $600,000 | 242.9% | 0.0% |
| PlainsCapital Bank | $6,860,000 | $590,000 | -91.4% | 0.0% |
| Stifel Bank and Trust | $475,000 | $585,000 | 23.2% | 0.0% |
| T2 FINANCIAL LLC | $475,000 | $575,000 | 21.1% | 0.0% |
| SeaTrust Mortgage Company | $550,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $1,705,000 | $545,000 | -68.0% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $800,000 | $535,000 | -33.1% | 0.0% |
| THE MORTGAGE LINK, INC. | $530,000 | n/a | 0.0% | |
| COUNTRYPLACE MORTGAGE, LTD. | $135,000 | $525,000 | 288.9% | 0.0% |
| Stone Bank | $525,000 | n/a | 0.0% | |
| Credit Union of Texas | $585,000 | $520,000 | -11.1% | 0.0% |
| MORTGAGEONE, INC. | $515,000 | n/a | 0.0% | |
| Northpointe Bank | $115,000 | $505,000 | 339.1% | 0.0% |
| MANN FINANCIAL INC. | $215,000 | $500,000 | 132.6% | 0.0% |
| Commerce Home Mortgage, Inc. | $1,130,000 | $485,000 | -57.1% | 0.0% |
| H E B | $1,280,000 | $485,000 | -62.1% | 0.0% |
| LENDSURE MORTGAGE CORP. | $1,500,000 | $465,000 | -69.0% | 0.0% |
| WALL STREET MORTGAGE BANKERS, LTD. | $460,000 | n/a | 0.0% | |
| CANOPY MORTGAGE, LLC | $995,000 | $455,000 | -54.3% | 0.0% |
| Goldwater Bank, N.A. | $675,000 | $450,000 | -33.3% | 0.0% |
| COMMUNITYAMERICA | $405,000 | $420,000 | 3.7% | 0.0% |
| BECKAM FUNDING CORP. | $965,000 | $415,000 | -57.0% | 0.0% |
| First Financial Bank | $415,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $415,000 | $415,000 | 0.0% | 0.0% |
| Mid-Continent Funding, Inc. | $1,145,000 | $410,000 | -64.2% | 0.0% |
| RESIDENTIAL BANCORP | $425,000 | $410,000 | -3.5% | 0.0% |
| AHL FUNDING | $405,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $1,840,000 | $405,000 | -78.0% | 0.0% |
| First Bank | $405,000 | n/a | 0.0% | |
| Kwik Mortgage Corporation | $595,000 | $405,000 | -31.9% | 0.0% |
| PINNACLE LENDING GROUP, INC. | $405,000 | n/a | 0.0% | |
| SUMMIT FUNDING, INC. | $405,000 | n/a | 0.0% | |
| VAL-CHRIS INVESTMENTS, INC. | $405,000 | n/a | 0.0% | |
| CRANE | $395,000 | n/a | 0.0% | |
| HOMETRUST MORTGAGE COMPANY | $395,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $555,000 | $395,000 | -28.8% | 0.0% |
| NP, Inc. | $285,000 | $390,000 | 36.8% | 0.0% |
| HOME FUNDING CORPORATION | $385,000 | n/a | 0.0% | |
| Bank-Fund Staff Federal Credit Union | $145,000 | $375,000 | 158.6% | 0.0% |
| First-Citizens Bank & Trust Company | $375,000 | n/a | 0.0% | |
| Colonial Savings, F.A. | $1,355,000 | $365,000 | -73.1% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $475,000 | $365,000 | -23.2% | 0.0% |
| Farmers Bank & Trust | $365,000 | n/a | 0.0% | |
| SILVER HILL FUNDING, LLC | $3,790,000 | $355,000 | -90.6% | 0.0% |
| FirstBank | $745,000 | $350,000 | -53.0% | 0.0% |
| BNC National Bank | $710,000 | $335,000 | -52.8% | 0.0% |
| KELLER MORTGAGE, LLC | $2,600,000 | $320,000 | -87.7% | 0.0% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $315,000 | n/a | 0.0% | |
| INTERCAP LENDING INC. | $475,000 | $315,000 | -33.7% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $310,000 | n/a | 0.0% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $390,000 | $305,000 | -21.8% | 0.0% |
| Sunflower Bank | $755,000 | $305,000 | -59.6% | 0.0% |
| SWBC MORTGAGE CORPORATION | $305,000 | n/a | 0.0% | |
| CALIBER HOME LOANS, INC. | $10,585,000 | $295,000 | -97.2% | 0.0% |
| First Horizon Bank | $465,000 | $295,000 | -36.6% | 0.0% |
| NTFN, INC. | $185,000 | $295,000 | 59.5% | 0.0% |
| United Nations Federal Credit Union | $295,000 | n/a | 0.0% | |
| VILLAGE CAPITAL MORTGAGE | $1,815,000 | $295,000 | -83.7% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $285,000 | n/a | 0.0% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $285,000 | n/a | 0.0% | |
| ABSOLUTE HOME MORTGAGE CORPORATION | $275,000 | n/a | 0.0% | |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $275,000 | n/a | 0.0% | |
| SOUTHWEST STAGE FUNDING, LLC | $455,000 | $270,000 | -40.7% | 0.0% |
| GENEVA FINANCIAL, LLC | $320,000 | $265,000 | -17.2% | 0.0% |
| Florida Capital Bank | $555,000 | $255,000 | -54.1% | 0.0% |
| Paramount Bank | $255,000 | n/a | 0.0% | |
| Wolfe Financial, Inc | $255,000 | n/a | 0.0% | |
| Beeline Loans, Inc. | $175,000 | $245,000 | 40.0% | 0.0% |
| NEW WAVE LENDING GROUP INC | $245,000 | n/a | 0.0% | |
| PREMIA MORTGAGE, LLC | $830,000 | $245,000 | -70.5% | 0.0% |
| IVY MORTGAGE, INC. | $235,000 | n/a | 0.0% | |
| Valley National Bank | $235,000 | n/a | 0.0% | |
| LAKEVIEW LOAN SERVICING, LLC | $3,020,000 | $230,000 | -92.4% | 0.0% |
| First Community Bank | $225,000 | n/a | 0.0% | |
| Origin Bank | $7,125,000 | $225,000 | -96.8% | 0.0% |
| RBC Bank, (Georgia) | $350,000 | $225,000 | -35.7% | 0.0% |
| Neighborhood Loans, Inc. | $205,000 | n/a | 0.0% | |
| RB MORTGAGE LLC | $810,000 | $205,000 | -74.7% | 0.0% |
| SENTE MORTGAGE, INC. | $195,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $180,000 | $190,000 | 5.6% | 0.0% |
| First Federal Bank | $185,000 | n/a | 0.0% | |
| KeyBank | $1,140,000 | $185,000 | -83.8% | 0.0% |
| SFMC, LP | $360,000 | $185,000 | -48.6% | 0.0% |
| V.I.P. MORTGAGE, INC. | $115,000 | $185,000 | 60.9% | 0.0% |
| SPRING EQ, LLC | $65,000 | $180,000 | 176.9% | 0.0% |
| PILGRIM MORTGAGE LLC | $635,000 | $175,000 | -72.4% | 0.0% |
| Servion, Inc. | $250,000 | $175,000 | -30.0% | 0.0% |
| Zions Bank | $235,000 | $175,000 | -25.5% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $165,000 | n/a | 0.0% | |
| Grandview Bank | $165,000 | n/a | 0.0% | |
| CSL Financial, LLC | $600,000 | $160,000 | -73.3% | 0.0% |
| R Bank | $155,000 | n/a | 0.0% | |
| American Mortgage & Equity Consultants, Inc. | $145,000 | n/a | 0.0% | |
| Citibank | $165,000 | $145,000 | -12.1% | 0.0% |
| Metro City Bank | $145,000 | n/a | 0.0% | |
| GULF COAST EDUCATORS FEDERAL CREDIT UNION | $135,000 | n/a | 0.0% | |
| M&T Bank | $350,000 | $125,000 | -64.3% | 0.0% |
| TEXAS DOW EMPLOYEES CREDIT UNION | $680,000 | $125,000 | -81.6% | 0.0% |
| US MORTGAGE CORPORATION | $125,000 | n/a | 0.0% | |
| Bell Bank | $115,000 | n/a | 0.0% | |
| Generations Community Federal Credit Union | $115,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $3,935,000 | $115,000 | -97.1% | 0.0% |
| Magnolia Bank | $105,000 | n/a | 0.0% | |
| Axos Bank | $535,000 | $95,000 | -82.2% | 0.0% |
| SYNERGY FEDERAL CREDIT UNION | $230,000 | $90,000 | -60.9% | 0.0% |
| HomeBank Texas | $85,000 | n/a | 0.0% | |
| Quontic Bank | $870,000 | $85,000 | -90.2% | 0.0% |
| TEXELL Credit Union | $35,000 | $85,000 | 142.9% | 0.0% |
| American Bank & Trust | $75,000 | n/a | 0.0% | |
| Arvest Bank | $175,000 | $75,000 | -57.1% | 0.0% |
| Baxter Credit Union | $65,000 | $75,000 | 15.4% | 0.0% |
| FIRST COMMUNITY CREDIT UNION | $75,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $75,000 | n/a | 0.0% | |
| Texana Bank | $65,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $55,000 | n/a | 0.0% | |
| ENCORE BANK | $395,000 | $55,000 | -86.1% | 0.0% |
| United Texas Credit Union | $35,000 | $55,000 | 57.1% | 0.0% |
| Signature Federal Credit Union | $75,000 | $45,000 | -40.0% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $520,000 | $35,000 | -93.3% | 0.0% |
| TOGETHER CREDIT UNION | $35,000 | n/a | 0.0% | |
| United Heritage Credit Union | $35,000 | n/a | 0.0% | |
| AMOCO | $25,000 | n/a | 0.0% |
MCALLEN - EDINBURG - MISSION's top lender by overall market share is WILLOW BEND MORTGAGE COMPANY, LLC, with 7.1% market share. In second place, with 6.3%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $106,270,000 in loans. In third place, with 5.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $87,220,000 in loans. In fourth place, with 4.7%, is QUICKEN LOANS, LLC, having originated $79,110,000 in loans. In fifth place, with 3.8%, is CMG MORTGAGE, INC., having originated $63,925,000 in loans.
MCALLEN-EDINBURG-MISSION, 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.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 78501 | McAllen-Edinburg-Mission, TX MSA | $710 | $710 | $900 | $1,170 | $1,290 |
| 78502 | McAllen-Edinburg-Mission, TX MSA | $690 | $700 | $880 | $1,140 | $1,260 |
| 78503 | McAllen-Edinburg-Mission, TX MSA | $810 | $810 | $1,030 | $1,340 | $1,480 |
| 78504 | McAllen-Edinburg-Mission, TX MSA | $810 | $810 | $1,030 | $1,340 | $1,480 |
| 78505 | McAllen-Edinburg-Mission, TX MSA | $690 | $700 | $880 | $1,140 | $1,260 |
| 78516 | McAllen-Edinburg-Mission, TX MSA | $650 | $650 | $830 | $1,070 | $1,180 |
| 78537 | McAllen-Edinburg-Mission, TX MSA | $650 | $650 | $830 | $1,070 | $1,180 |
| 78538 | McAllen-Edinburg-Mission, TX MSA | $650 | $650 | $830 | $1,070 | $1,180 |
| 78539 | McAllen-Edinburg-Mission, TX MSA | $720 | $730 | $920 | $1,200 | $1,320 |
| 78540 | McAllen-Edinburg-Mission, TX MSA | $690 | $700 | $880 | $1,140 | $1,260 |
| 78541 | McAllen-Edinburg-Mission, TX MSA | $710 | $720 | $910 | $1,180 | $1,300 |
| 78542 | McAllen-Edinburg-Mission, TX MSA | $650 | $650 | $830 | $1,070 | $1,180 |
| 78543 | McAllen-Edinburg-Mission, TX MSA | $650 | $650 | $830 | $1,070 | $1,180 |
| 78549 | McAllen-Edinburg-Mission, TX MSA | $650 | $650 | $830 | $1,070 | $1,180 |
| 78557 | McAllen-Edinburg-Mission, TX MSA | $650 | $650 | $830 | $1,070 | $1,180 |
| 78558 | McAllen-Edinburg-Mission, TX MSA | $650 | $650 | $830 | $1,070 | $1,180 |
| 78559 | McAllen-Edinburg-Mission, TX MSA | $590 | $650 | $830 | $1,070 | $1,210 |
| 78560 | McAllen-Edinburg-Mission, TX MSA | $650 | $650 | $830 | $1,070 | $1,180 |
| 78562 | McAllen-Edinburg-Mission, TX MSA | $650 | $650 | $830 | $1,070 | $1,180 |
| 78563 | McAllen-Edinburg-Mission, TX MSA | $690 | $700 | $880 | $1,140 | $1,260 |
| 78565 | McAllen-Edinburg-Mission, TX MSA | $650 | $650 | $830 | $1,070 | $1,180 |
| 78569 | McAllen-Edinburg-Mission, TX MSA | $580 | $650 | $830 | $1,070 | $1,210 |
| 78570 | McAllen-Edinburg-Mission, TX MSA | $650 | $650 | $830 | $1,070 | $1,180 |
| 78572 | McAllen-Edinburg-Mission, TX MSA | $720 | $730 | $920 | $1,200 | $1,320 |
| 78573 | McAllen-Edinburg-Mission, TX MSA | $670 | $670 | $850 | $1,110 | $1,220 |
| 78574 | McAllen-Edinburg-Mission, TX MSA | $670 | $670 | $850 | $1,110 | $1,220 |
| 78576 | McAllen-Edinburg-Mission, TX MSA | $650 | $650 | $830 | $1,070 | $1,180 |
| 78577 | McAllen-Edinburg-Mission, TX MSA | $710 | $720 | $910 | $1,180 | $1,300 |
| 78579 | McAllen-Edinburg-Mission, TX MSA | $690 | $690 | $870 | $1,130 | $1,250 |
| 78582 | McAllen-Edinburg-Mission, TX MSA | $690 | $700 | $880 | $1,140 | $1,260 |
| 78589 | McAllen-Edinburg-Mission, TX MSA | $680 | $680 | $860 | $1,120 | $1,230 |
| 78595 | McAllen-Edinburg-Mission, TX MSA | $650 | $650 | $830 | $1,070 | $1,180 |
| 78596 | McAllen-Edinburg-Mission, TX MSA | $690 | $700 | $880 | $1,140 | $1,260 |
| 78599 | McAllen-Edinburg-Mission, TX MSA | $690 | $700 | $880 | $1,140 | $1,260 |
2022 Average & Median Rent Data Statistics
MCALLEN-EDINBURG-MISSION, TX average 1BR rent: $684, median: $670
MCALLEN-EDINBURG-MISSION, TX average 2BR rent: $867, median: $850
MCALLEN-EDINBURG-MISSION, TX average 3BR rent: $1,123, median: $1,110
MCALLEN-EDINBURG-MISSION, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 4,906 | $1,313,000,000 | $267,631 |
| Refi | 708 | $207,410,000 | $292,952 |
| Cash Out Refi | 553 | $98,985,000 | $178,996 |
| Other | 418 | $46,870,000 | $112,129 |
| Home Improvement | 174 | $17,550,000 | $100,862 |
| NA | 4 | $750,000 | $187,500 |
Mcallen - Edinburg - Mission's most frequently cited loan purpose was Home Purchase, with 4,906 originations. The 2nd most popular reason was Refi, with 708 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 2,688 | $692,830,000 | $257,749 |
| 7-8% | 1,690 | $404,780,000 | $239,515 |
| 5-6% | 1,166 | $301,910,000 | $258,928 |
| Over 8% | 771 | $130,385,000 | $169,112 |
| <2.5% | 105 | $595,000 | $5,667 |
| 4-5% | 97 | $34,365,000 | $354,278 |
| 3-4% | 8 | $2,680,000 | $335,000 |
| 2.5-3% | 2 | $570,000 | $285,000 |
During 2023, Mcallen - Edinburg - Mission's most frequently originated rate bucket was 6-7%, with 2,688 originations.
Loan Sizing (MCALLEN-EDINBURG-MISSION, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 3,140 | $867,650,000 | $276,322 |
| $100k-200k | 2,031 | $308,795,000 | $152,041 |
| $100,000 or less | 1,022 | $58,350,000 | $57,094 |
| $400k-600k | 420 | $196,760,000 | $468,476 |
| $600k-1000k | 92 | $66,980,000 | $728,043 |
| $Over $1MM | 58 | $186,030,000 | $3,207,414 |
MCALLEN - EDINBURG - MISSION's loan sizing saw the bucket of loans from $200k-400k with 3,140 originations, totaling $867,650,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 3,857 | $980,635,000 | $254,248 |
| 60-80% | 1,433 | $405,545,000 | $283,004 |
| 40-60% | 492 | $111,330,000 | $226,280 |
| 20-40% | 352 | $36,600,000 | $103,977 |
| Under 20% | 315 | $8,455,000 | $26,841 |
| Over 100% | 95 | $23,135,000 | $243,526 |
MCALLEN - EDINBURG - MISSION's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,857 originations, totaling $980,635,000 in origination value.