MCALLEN - EDINBURG - MISSION Mortgage Rates
30 Year Fixed Rate mortgages in Mcallen - Edinburg - Mission averaged
3.25%
for the week of 2021-11-24, compared to the national average of
3.1% for the same period.
The average rate for the prior week (2021-11-18) was
3.65% and
one month ago for the week of 2021-10-21, the
average rate was 3.44%.
Mcallen - Edinburg - Mission's average rate one year ago was 3.07%.
For refis of the same type during the week of 2021-11-24, the average rate
was 3.34%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2021-11-24 | 3.1% |
| Mcallen - Edinburg - Mission 30 Year Fixed Rate | 2021-11-24 | 3.25% |
| Mcallen - Edinburg - Mission 30 Year Fixed Rate Refi | 2021-11-24 | 3.34% |
| Mcallen - Edinburg - Mission 15 Year Fixed Rate | 2021-11-24 | 2.94% |
| Mcallen - Edinburg - Mission 15 Year Fixed Rate Refi | 2021-11-24 | 2.75% |
| Mcallen - Edinburg - Mission 30 Year FHA | 2021-11-24 | 3.67% |
| Mcallen - Edinburg - Mission 30 Year FHA Refi | 2021-11-24 | 3.33% |
| Mcallen - Edinburg - Mission 30 Year USDA | 2021-11-24 | 3.6% |
| Mcallen - Edinburg - Mission 30 Year USDA Refi | 2021-11-24 | 3.27% |
| Mcallen - Edinburg - Mission 30 Year VA | 2021-11-24 | 3.33% |
| Mcallen - Edinburg - Mission 30 Year VA Refi | 2021-11-24 | 3.05% |
MCALLEN - EDINBURG - MISSION 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 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, TX's 184 lenders originated 10,385
loans during 2020. The total origination value was $1,952,635,000, with an average loan value of
$188,025.
The top MCALLEN - EDINBURG - MISSION lender as defined by loan originations is WILLOW BEND MORTGAGE COMPANY, LLC, with
274 loans originated. Their average total fees are
$6,792, which is $3,383
higher than the next largest lender,
SECURITY SERVICE.
The lowest fee MCALLEN - EDINBURG - MISSION lenders (with over 10 loans originated) are
EVERETT FINANCIAL, INC. ($2,631), PENTAGON FEDERAL CREDIT UNION ($2,835), Wells Fargo Bank, National Association ($3,298), KELLER MORTGAGE, LLC ($3,327) and SECURITY SERVICE ($3,409).
The lowest rate MCALLEN - EDINBURG - MISSION lenders (with over 10 loans originated) are
PENTAGON FEDERAL CREDIT UNION (2.94%), PLAZA HOME MORTGAGE, INC. (2.97%), EUSTIS AND AMERICAN MORTGAGE COMPANY (3.08%), Gateway First Bank (3.08%) and GUARANTEED RATE, INC. (3.16%).
MCALLEN-EDINBURG-MISSION, 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 | 2019 Loan Value | 2020 Loan Value | % Change | 2020 Market Share |
|---|---|---|---|---|
| Willow Bend Mortgage | $103,975,000 | $151,450,000 | 45.7% | 7.8% |
| Quicken Loans | $67,925,000 | $119,945,000 | 76.6% | 6.1% |
| Amcap Mortgage Ltd. | $55,250,000 | $97,740,000 | 76.9% | 5.0% |
| Freedom Mortgage Corporation | $13,775,000 | $89,970,000 | 553.1% | 4.6% |
| Security Service Federal Credit Union | $52,315,000 | $82,235,000 | 57.2% | 4.2% |
| CORNERSTONE HOME LENDING, INC. | $47,080,000 | $64,340,000 | 36.7% | 3.3% |
| Academy Mortgage Corporation | $43,370,000 | $59,420,000 | 37.0% | 3.0% |
| LONE STAR NATIONAL BANK | $61,175,000 | $55,315,000 | -9.6% | 2.8% |
| Hamilton Group Funding Inc. | $27,235,000 | $52,315,000 | 92.1% | 2.7% |
| Navy Army Community Credit Union | $27,225,000 | $44,375,000 | 63.0% | 2.3% |
| Berkadia Commercial Mortgage | $39,160,000 | n/a | 2.0% | |
| United Shore Financial Services LLC | $29,275,000 | $38,095,000 | 30.1% | 2.0% |
| TEXAS REGIONAL BANK | $21,040,000 | $35,600,000 | 69.2% | 1.8% |
| COMPASS BANK | $28,050,000 | $31,665,000 | 12.9% | 1.6% |
| Nations Reliable Lending, LLC | $15,725,000 | $30,430,000 | 93.5% | 1.6% |
| Eustis Mortgage Corporation | $14,550,000 | $30,370,000 | 108.7% | 1.6% |
| Nationstar Mortgage | $10,915,000 | $28,325,000 | 159.5% | 1.5% |
| Cardinal Financial Company LP | $15,525,000 | $25,650,000 | 65.2% | 1.3% |
| MOVEMENT MORTGAGE, LLC | $19,310,000 | $24,615,000 | 27.5% | 1.3% |
| WELLS FARGO BANK NA | $21,705,000 | $24,310,000 | 12.0% | 1.2% |
| Supreme Lending/ Everett Financial Inc. | $11,450,000 | $23,630,000 | 106.4% | 1.2% |
| Hometown Lenders LLC | $18,520,000 | $22,375,000 | 20.8% | 1.1% |
| International Bank of Commerce | $17,660,000 | $20,820,000 | 17.9% | 1.1% |
| JPMorgan Chase Bank, NA | $16,405,000 | $19,640,000 | 19.7% | 1.0% |
| Mortgage Research Center LLC | $14,050,000 | $19,115,000 | 36.0% | 1.0% |
| GATEWAY MORTGAGE GROUP | $5,510,000 | $18,795,000 | 241.1% | 1.0% |
| Vantage Bank Texas | $21,050,000 | $17,230,000 | -18.1% | 0.9% |
| Texas National Bank | $17,290,000 | $15,880,000 | -8.2% | 0.8% |
| AmeriHomeMortgageCompany,LL | $3,995,000 | $14,550,000 | 264.2% | 0.7% |
| FAIRWAY INDEPENDENT MORT CORP | $9,160,000 | $13,855,000 | 51.3% | 0.7% |
| Thrive Mortgage LLC | $8,150,000 | $13,640,000 | 67.4% | 0.7% |
| Primary Residential Mortgage Inc. | $6,590,000 | $13,405,000 | 103.4% | 0.7% |
| loanDepot LLC | $7,995,000 | $13,255,000 | 65.8% | 0.7% |
| Flagstar Bank | $10,580,000 | $12,850,000 | 21.5% | 0.7% |
| Caliber Home Loans Inc | $2,700,000 | $12,690,000 | 370.0% | 0.6% |
| Rio Bank | $9,345,000 | $12,585,000 | 34.7% | 0.6% |
| 21ST MORTGAGE | $6,275,000 | $11,720,000 | 86.8% | 0.6% |
| PENNYMAC LOAN SERVICES LLC | $6,600,000 | $11,550,000 | 75.0% | 0.6% |
| Paramount Residential Mortgage Group Inc. | $5,705,000 | $11,445,000 | 100.6% | 0.6% |
| Synergy One Lending | $17,835,000 | $10,975,000 | -38.5% | 0.6% |
| Amerisave Mortgage Corporation | $1,135,000 | $10,840,000 | 855.1% | 0.6% |
| Nations Lending Corporation | $18,645,000 | $10,805,000 | -42.0% | 0.6% |
| Plaza Home Mortgage Inc. | $3,460,000 | $9,865,000 | 185.1% | 0.5% |
| Bank of America NA | $13,210,000 | $9,855,000 | -25.4% | 0.5% |
| Texas Community Bank | $16,080,000 | $9,700,000 | -39.7% | 0.5% |
| Guaranteed Rate Inc. | $1,795,000 | $8,595,000 | 378.8% | 0.4% |
| Planet Home Lending LLC | $5,755,000 | $8,395,000 | 45.9% | 0.4% |
| Arbor Realty Trust Inc | $6,050,000 | $8,110,000 | 34.0% | 0.4% |
| USAA FEDERAL SAVINGS BANK | $10,960,000 | $8,040,000 | -26.6% | 0.4% |
| Lakeview Community Capital, LLC | $620,000 | $7,980,000 | 1,187.1% | 0.4% |
| Greystone Servicing Corporation, Inc. | $7,935,000 | n/a | 0.4% | |
| NEWREZ LLC | $1,090,000 | $7,760,000 | 611.9% | 0.4% |
| Keller Mortgage LLC | $4,015,000 | $7,335,000 | 82.7% | 0.4% |
| Goldwater Bank National Association | $1,215,000 | $7,270,000 | 498.4% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $4,690,000 | $6,715,000 | 43.2% | 0.3% |
| LeaderOne Financial Corp. | $1,800,000 | $6,695,000 | 271.9% | 0.3% |
| PLAINSCAPITAL BANK | $3,700,000 | $6,650,000 | 79.7% | 0.3% |
| Village Capital & Investment | $1,585,000 | $5,990,000 | 277.9% | 0.3% |
| CARRINGTON MORTGAGE SERVICES | $4,810,000 | $5,440,000 | 13.1% | 0.3% |
| Home Point Financial Corporation | $1,185,000 | $5,080,000 | 328.7% | 0.3% |
| US BANK, N.A. | $6,230,000 | $4,980,000 | -20.1% | 0.3% |
| LoanPal | $805,000 | $4,900,000 | 508.7% | 0.3% |
| Falcon International Bank | $5,995,000 | $4,770,000 | -20.4% | 0.2% |
| New American Funding (dba for Broker Solutions Inc) | $1,395,000 | $4,595,000 | 229.4% | 0.2% |
| FROST BANK | $3,765,000 | $4,575,000 | 21.5% | 0.2% |
| Clearpath Lending | $390,000 | $4,560,000 | 1,069.2% | 0.2% |
| HomeBridge Financial Services, Inc. | $3,040,000 | $4,500,000 | 48.0% | 0.2% |
| Pentagon Federal Credit Union | $985,000 | $4,315,000 | 338.1% | 0.2% |
| Prudential Multifamily Mortgage, LLC. | $11,420,000 | $4,255,000 | -62.7% | 0.2% |
| PRIMELENDING | $3,655,000 | $4,125,000 | 12.9% | 0.2% |
| Randolph Brooks Federal Credit Union | $1,035,000 | $4,030,000 | 289.4% | 0.2% |
| Mortgage Financial Services LLC | $4,015,000 | n/a | 0.2% | |
| Nations Direct Mortgage LLC | $415,000 | $3,985,000 | 860.2% | 0.2% |
| First Guaranty Mortgage Corporation | $190,000 | $3,620,000 | 1,805.3% | 0.2% |
| CBNA | $2,670,000 | $3,590,000 | 34.5% | 0.2% |
| Royal United Mortgage LLC | $2,725,000 | $3,585,000 | 31.6% | 0.2% |
| Mortgage Solutions of Colorado LLC | $1,275,000 | $3,545,000 | 178.0% | 0.2% |
| Geneva Financial LLC | $135,000 | $3,455,000 | 2,459.3% | 0.2% |
| Better Mortgage Corporation | $1,195,000 | $3,430,000 | 187.0% | 0.2% |
| SecurityNational Mortgage Company | $745,000 | $3,350,000 | 349.7% | 0.2% |
| Mid America Mortgage Inc. | $205,000 | $3,270,000 | 1,495.1% | 0.2% |
| Low VA Rates | $1,895,000 | $3,225,000 | 70.2% | 0.2% |
| America's Choice Home Loans LP | $4,285,000 | $3,100,000 | -27.7% | 0.2% |
| RED MORTGAGE CAPITAL, LLC | $16,665,000 | $3,070,000 | -81.6% | 0.2% |
| Lakeview Loan Servicing, LLC | $855,000 | $2,735,000 | 219.9% | 0.1% |
| CMG Mortgage Inc. | $315,000 | $2,715,000 | 761.9% | 0.1% |
| Huntington National Bank | $2,645,000 | n/a | 0.1% | |
| Origin Bank | $2,560,000 | n/a | 0.1% | |
| American Pacific Mortgage Corporation | $760,000 | $2,550,000 | 235.5% | 0.1% |
| Churchill Mortgage Corporation | $2,545,000 | n/a | 0.1% | |
| NewDay Financial LLC dba NewDay USA | $125,000 | $2,495,000 | 1,896.0% | 0.1% |
| Barrington Bank & Trust | $745,000 | $2,480,000 | 232.9% | 0.1% |
| GREATER TEXAS FEDERAL CREDIT UNION | $1,355,000 | $2,365,000 | 74.5% | 0.1% |
| Oceanside Mortgage Company | $1,325,000 | $2,230,000 | 68.3% | 0.1% |
| Capital One, NA | $2,205,000 | n/a | 0.1% | |
| Intercontinental Capital Group, Inc. | $410,000 | $2,175,000 | 430.5% | 0.1% |
| Axos Bank | $65,000 | $2,170,000 | 3,238.5% | 0.1% |
| Pilgrim Mortgage | $790,000 | $2,160,000 | 173.4% | 0.1% |
| Branch Banking And Trust Co | $2,110,000 | n/a | 0.1% | |
| REGIONS BANK | $3,790,000 | $2,085,000 | -45.0% | 0.1% |
| Inspire Home Loans | $695,000 | $2,060,000 | 196.4% | 0.1% |
| Equity Prime Mortgage LLC | $1,865,000 | n/a | 0.1% | |
| BANK OF THE WEST | $460,000 | $1,855,000 | 303.3% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC | $2,050,000 | $1,840,000 | -10.2% | 0.1% |
| Guild Mortgage Company | $2,065,000 | $1,735,000 | -16.0% | 0.1% |
| University Federal Credit Union | $790,000 | $1,705,000 | 115.8% | 0.1% |
| Sun West Mortgage Company Inc. | $105,000 | $1,695,000 | 1,514.3% | 0.1% |
| TIAA, FSB | $920,000 | $1,685,000 | 83.2% | 0.1% |
| SWBC Mortgage Corporation | $225,000 | $1,630,000 | 624.4% | 0.1% |
| Alterra Group LLC dba Alterra Home Loans | $1,540,000 | n/a | 0.1% | |
| Ark-La-Tex Financial Services LLC | $4,385,000 | $1,440,000 | -67.2% | 0.1% |
| Commerce Home Mortgage Inc. | $1,430,000 | n/a | 0.1% | |
| Great Western Financial Services Inc. | $735,000 | $1,420,000 | 93.2% | 0.1% |
| AMERICAN BANK, NA | $95,000 | $1,320,000 | 1,289.5% | 0.1% |
| Citibank, N.A. | $320,000 | $1,315,000 | 310.9% | 0.1% |
| NMSI Inc | $1,280,000 | n/a | 0.1% | |
| NBKC Bank | $930,000 | $1,250,000 | 34.4% | 0.1% |
| NETWORK FUNDING, L.P. | $1,930,000 | $1,215,000 | -37.0% | 0.1% |
| HEB Federal Credit Union | $1,305,000 | $1,210,000 | -7.3% | 0.1% |
| Security First Federal Credit Union | $1,655,000 | $1,135,000 | -31.4% | 0.1% |
| Discover Bank | $55,000 | $1,130,000 | 1,954.5% | 0.1% |
| First Savings Bank | $4,520,000 | $1,115,000 | -75.3% | 0.1% |
| Simmons Bank | $1,110,000 | n/a | 0.1% | |
| Independent Bank | $5,225,000 | $1,090,000 | -79.1% | 0.1% |
| American Financial Network Inc. | $1,870,000 | $1,025,000 | -45.2% | 0.1% |
| Texas Mortgage Lending, LLC | $210,000 | $995,000 | 373.8% | 0.1% |
| Finance of America Mortgage LLC | $1,670,000 | $980,000 | -41.3% | 0.1% |
| CITY BANK | $2,215,000 | $940,000 | -57.6% | 0.0% |
| Prosperity Bank | $1,315,000 | $910,000 | -30.8% | 0.0% |
| Premia Mortgage, LLC | $885,000 | n/a | 0.0% | |
| NTFN dba Premier Nationwide Lending | $280,000 | $880,000 | 214.3% | 0.0% |
| Gardner Financial Services dba Legacy Mutual Mortgage | $790,000 | $830,000 | 5.1% | 0.0% |
| FBC Mortgage LLC | $280,000 | $795,000 | 183.9% | 0.0% |
| Mason-McDuffie Mortgage Corporation | $740,000 | n/a | 0.0% | |
| Best Capital Funding | $195,000 | $735,000 | 276.9% | 0.0% |
| Southwest Funding LP | $625,000 | $705,000 | 12.8% | 0.0% |
| FirstBank | $880,000 | $695,000 | -21.0% | 0.0% |
| Servion, Inc. | $355,000 | $690,000 | 94.4% | 0.0% |
| Amplify Credit Union | $45,000 | $685,000 | 1,422.2% | 0.0% |
| Colonial Savings | $240,000 | $680,000 | 183.3% | 0.0% |
| SoFi Lending Corp | $585,000 | $675,000 | 15.4% | 0.0% |
| VanDyk Mortgage Corporation | $670,000 | n/a | 0.0% | |
| Silver Hill Funding, LLC | $655,000 | $645,000 | -1.5% | 0.0% |
| IBERIABANK | $1,140,000 | $640,000 | -43.9% | 0.0% |
| Union Home Mortgage Company | $640,000 | n/a | 0.0% | |
| American Financing Corporation | $215,000 | $610,000 | 183.7% | 0.0% |
| Homestead Funding Corp. | $570,000 | n/a | 0.0% | |
| VERITEX COMMUNITY BANK | $570,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $455,000 | $565,000 | 24.2% | 0.0% |
| InterLinc Mortgage Services LLC | $565,000 | n/a | 0.0% | |
| Sente Mortgage Inc. | $380,000 | $565,000 | 48.7% | 0.0% |
| KS StateBank | $560,000 | n/a | 0.0% | |
| Magnolia Bank Incorporated | $170,000 | $555,000 | 226.5% | 0.0% |
| Contour Mortgage Corporation | $550,000 | n/a | 0.0% | |
| North American Savings Bank | $1,290,000 | $540,000 | -58.1% | 0.0% |
| Infinity Mortgage Holdings LLC | $530,000 | n/a | 0.0% | |
| ANGEL OAK HOME LOANS LLC | $530,000 | $525,000 | -0.9% | 0.0% |
| Capital Mortgage Services of Texas | $525,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $525,000 | n/a | 0.0% | |
| Evansville Teachers Federal Credit Union | $515,000 | n/a | 0.0% | |
| Guaranteed Rate Affinity LLC | $165,000 | $510,000 | 209.1% | 0.0% |
| Kleberg Bank N.A. | $505,000 | n/a | 0.0% | |
| Open Mortgage LLC | $425,000 | $505,000 | 18.8% | 0.0% |
| James B. Nutter & Company | $135,000 | $500,000 | 270.4% | 0.0% |
| Member Home Loan | $55,000 | $500,000 | 809.1% | 0.0% |
| Waterstone Mortgage Corp | $500,000 | n/a | 0.0% | |
| Cadence Bank, N.A. | $850,000 | $485,000 | -42.9% | 0.0% |
| Raymond James Bank National Association | $485,000 | n/a | 0.0% | |
| Provident Funding Associates | $475,000 | n/a | 0.0% | |
| Castle & Cooke Mortgage LLC | $815,000 | $470,000 | -42.3% | 0.0% |
| Citadel Servicing Corporation | $1,850,000 | $470,000 | -74.6% | 0.0% |
| Lenox Financial Mortgage Corp. | $470,000 | n/a | 0.0% | |
| BancorpSouth Bank | $1,220,000 | $460,000 | -62.3% | 0.0% |
| ARVEST BANK | $455,000 | n/a | 0.0% | |
| Credit Human Federal Credit Union | $235,000 | $435,000 | 85.1% | 0.0% |
| Farm Credit Mid-America | $435,000 | n/a | 0.0% | |
| RB Mortgage LLC | $125,000 | $430,000 | 244.0% | 0.0% |
| Nationwide Mortgage Bankers Inc. | $425,000 | n/a | 0.0% | |
| HOME FINANCING UNLIMITED, INC. DBA MISSION MORTGAGE OF TEXAS, INC | $135,000 | $420,000 | 211.1% | 0.0% |
| Athas Capital Group | $270,000 | $410,000 | 51.9% | 0.0% |
| Bank of England | $300,000 | $405,000 | 35.0% | 0.0% |
| CityWorth Mortgage | $495,000 | $390,000 | -21.2% | 0.0% |
| Land Home Financial Services Inc. | $390,000 | n/a | 0.0% | |
| Texas Tech Federal Credit Union | $390,000 | n/a | 0.0% | |
| Northpointe Bank | $375,000 | n/a | 0.0% | |
| Capital Plus Financial LLC | $370,000 | n/a | 0.0% | |
| V.I.P. Mortgage Inc. | $155,000 | $365,000 | 135.5% | 0.0% |
| Hometown Equity Mortgage LLC | $360,000 | n/a | 0.0% | |
| Texas Dow Employees Credit Union | $135,000 | $345,000 | 155.6% | 0.0% |
| AmWest Funding Corp. | $335,000 | n/a | 0.0% | |
| Network Capital Funding Corporation | $245,000 | $335,000 | 36.7% | 0.0% |
| First National Bank Texas | $325,000 | n/a | 0.0% | |
| Midwest Mortgage Associates | $325,000 | n/a | 0.0% | |
| CREDIT UNION OF TEXAS | $320,000 | n/a | 0.0% | |
| Barton Creek Lending Group | $155,000 | $310,000 | 100.0% | 0.0% |
| Ivy Mortgage, Inc. | $305,000 | n/a | 0.0% | |
| Alliance Bank | $295,000 | n/a | 0.0% | |
| Midwest Equity Mortgage LLC | $295,000 | n/a | 0.0% | |
| US Mortgage of Florida | $85,000 | $295,000 | 247.1% | 0.0% |
| Finance of America Commercial LLC | $205,000 | $290,000 | 41.5% | 0.0% |
| Bank of Whittier, Na | $285,000 | n/a | 0.0% | |
| First Mortgage Solutions LLC | $285,000 | n/a | 0.0% | |
| United Fidelity Funding Corp. | $285,000 | n/a | 0.0% | |
| Chevron Federal Credit Union | $275,000 | n/a | 0.0% | |
| Gershman Investment Corp. | $275,000 | n/a | 0.0% | |
| American Financial Resources Inc. | $455,000 | $270,000 | -40.7% | 0.0% |
| A+ Federal Credit Union | $90,000 | $260,000 | 188.9% | 0.0% |
| CSL Financial, LLC | $265,000 | $260,000 | -1.9% | 0.0% |
| Mortgage Lenders of America LLC | $260,000 | $260,000 | 0.0% | 0.0% |
| AAG | $240,000 | $255,000 | 6.3% | 0.0% |
| DHI Mortgage Company Limited | $255,000 | n/a | 0.0% | |
| MLD Mortgage Inc. | $525,000 | $255,000 | -51.4% | 0.0% |
| Embrace Home Loans, Inc. | $340,000 | $250,000 | -26.5% | 0.0% |
| FirstLight Federal Credit Union | $245,000 | n/a | 0.0% | |
| KeyBank National Association | $245,000 | n/a | 0.0% | |
| R M K FINANCIAL CORP | $245,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $245,000 | n/a | 0.0% | |
| First Financial Bank | $245,000 | $235,000 | -4.1% | 0.0% |
| Peoples Mortgage Company | $5,000 | $230,000 | 4,500.0% | 0.0% |
| BM REAL ESTATE SERVICES, INC. | $225,000 | n/a | 0.0% | |
| Cherry Creek Mortgage Co. Inc. | $225,000 | n/a | 0.0% | |
| Union Square Credit Union | $225,000 | n/a | 0.0% | |
| Velocity Commercial Capital LLC | $1,180,000 | $225,000 | -80.9% | 0.0% |
| Wyndham Capital Mortgage | $910,000 | $225,000 | -75.3% | 0.0% |
| Loan Simple Inc | $350,000 | $220,000 | -37.1% | 0.0% |
| Reliant Bank | $220,000 | n/a | 0.0% | |
| Cambria Mortgage | $215,000 | n/a | 0.0% | |
| Great Southern Bank | $215,000 | n/a | 0.0% | |
| Shell Federal Credit Union | $210,000 | n/a | 0.0% | |
| UIF Corporation | $135,000 | $205,000 | 51.9% | 0.0% |
| Community Resource Credit Union | $195,000 | n/a | 0.0% | |
| CERTAIN HOME LOANS, LLC | $145,000 | $185,000 | 27.6% | 0.0% |
| Guaranty Trust Company | $185,000 | n/a | 0.0% | |
| Southwest Airlines Federal Credit Union | $185,000 | n/a | 0.0% | |
| Total Mortgage Services LLC | $385,000 | $185,000 | -51.9% | 0.0% |
| Towne Mortgage Company | $95,000 | $180,000 | 89.5% | 0.0% |
| AUSTIN CAPITAL BANK SSB | $125,000 | $175,000 | 40.0% | 0.0% |
| DG PINNACLE FUNDING, LLC | $175,000 | n/a | 0.0% | |
| Republic State Mortgage Co. | $175,000 | n/a | 0.0% | |
| TIB The Independent Bankers Bank | $175,000 | $175,000 | 0.0% | 0.0% |
| AimLoan.com | $585,000 | $165,000 | -71.8% | 0.0% |
| Baxter Credit Union | $165,000 | n/a | 0.0% | |
| Homeowners Financial Group | $165,000 | n/a | 0.0% | |
| Amerifirst Financial Inc. | $155,000 | n/a | 0.0% | |
| Cascade Financial Services | $600,000 | $155,000 | -74.2% | 0.0% |
| First Technology Credit Union | $155,000 | n/a | 0.0% | |
| Homeside Financial LLC | $155,000 | n/a | 0.0% | |
| LendingHome Funding Corporation | $125,000 | $155,000 | 24.0% | 0.0% |
| RENASANT BANK | $155,000 | n/a | 0.0% | |
| Summit Funding Inc. | $155,000 | n/a | 0.0% | |
| The Federal Savings Bank | $295,000 | $155,000 | -47.5% | 0.0% |
| Weststar Mortgage Corporation | $155,000 | n/a | 0.0% | |
| CommunityAmerica Credit Union | $145,000 | n/a | 0.0% | |
| Envoy Mortgage Ltd. | $145,000 | n/a | 0.0% | |
| Mountain West Financial Inc. | $270,000 | $145,000 | -46.3% | 0.0% |
| Nudge Funding LLC | $145,000 | n/a | 0.0% | |
| SoFi Mortgage, LLC | $145,000 | n/a | 0.0% | |
| Sunflower Bank, N.A. | $145,000 | n/a | 0.0% | |
| WEI Mortgage LLC | $145,000 | n/a | 0.0% | |
| Wescom Central Credit Union | $145,000 | n/a | 0.0% | |
| Certified Funding | $135,000 | n/a | 0.0% | |
| IAA CREDIT UNION | $135,000 | n/a | 0.0% | |
| First Centennial Mortgage Corp. | $125,000 | n/a | 0.0% | |
| Grandview Bank | $125,000 | n/a | 0.0% | |
| Great Plains National Bank | $125,000 | n/a | 0.0% | |
| Reliance First Capital LLC | $145,000 | $125,000 | -13.8% | 0.0% |
| TruWest Credit Union | $125,000 | n/a | 0.0% | |
| VeraBank, N.A. | $125,000 | $125,000 | 0.0% | 0.0% |
| Citywide Home Loans A Utah Corporation | $27,055,000 | $115,000 | -99.6% | 0.0% |
| Civic Financial Services | $475,000 | $115,000 | -75.8% | 0.0% |
| Guidance Residential LLC | $105,000 | n/a | 0.0% | |
| MERCHANTS BANK, NA | $105,000 | n/a | 0.0% | |
| M&T Bank | $105,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $105,000 | n/a | 0.0% | |
| Bayshore Mortgage Funding LLC | $155,000 | $95,000 | -38.7% | 0.0% |
| Fay Servicing LLC | $160,000 | $95,000 | -40.6% | 0.0% |
| Bank First National | $85,000 | n/a | 0.0% | |
| BOKF NA | $730,000 | $85,000 | -88.4% | 0.0% |
| CITY 1ST MORTGAGE SERVICES, LC | $85,000 | n/a | 0.0% | |
| PNC BANK NA | $365,000 | $85,000 | -76.7% | 0.0% |
| Sierra Pacific Mortgage | $85,000 | n/a | 0.0% | |
| Stanford Federal Credit Union | $85,000 | n/a | 0.0% | |
| Wings Financial Credit Union | $85,000 | n/a | 0.0% | |
| MIDWESTONE BANK | $75,000 | n/a | 0.0% | |
| Mortgage Services III LLC | $75,000 | n/a | 0.0% | |
| Justice Federal Credit Union | $65,000 | n/a | 0.0% | |
| Hiawatha National Bank | $55,000 | n/a | 0.0% | |
| Red River Employees Federal Credit Union | $55,000 | n/a | 0.0% | |
| ZB, N.A. | $115,000 | $55,000 | -52.2% | 0.0% |
| UNITED TEXAS CREDIT UNION | $45,000 | n/a | 0.0% | |
| CountryPlace Mortgage Ltd. | $35,000 | n/a | 0.0% | |
| FIRST NATIONAL BANK OF CENTRAL | $25,000 | n/a | 0.0% | |
| Triad Financial Services Inc | $25,000 | $15,000 | -40.0% | 0.0% |
MCALLEN - EDINBURG - MISSION's top lender by overall market share is Willow Bend Mortgage, with 7.8% market share. In second place, with 6.1%, is Quicken Loans, having originated $119,945,000 in loans. In third place, with 5.0%, is Amcap Mortgage Ltd., having originated $97,740,000 in loans. In third place, with 4.6%, is Freedom Mortgage Corporation, having originated $89,970,000 in loans. In third place, with 4.2%, is Security Service Federal Credit Union, having originated $82,235,000 in loans.
MCALLEN-EDINBURG-MISSION, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 5,456 | $1,019,870,000 | $186,926 |
| Refi | 3,841 | $757,895,000 | $197,317 |
| Cash Out Refi | 767 | $121,865,000 | $158,885 |
| Other | 173 | $38,405,000 | $221,994 |
| Home Improvement | 148 | $14,600,000 | $98,649 |
Mcallen - Edinburg - Mission's most frequently cited loan purpose was Home Purchase, with 5,456 originations. The 2nd most popular reason was Refi, with 3,841 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 4,360 | $792,070,000 | $181,667 |
| 2.5-3% | 3,176 | $645,810,000 | $203,341 |
| 4-5% | 1,030 | $183,410,000 | $178,068 |
| <2.5% | 926 | $160,070,000 | $172,862 |
| 5-6% | 214 | $34,150,000 | $159,579 |
| Over 8% | 161 | $10,615,000 | $65,932 |
| 6-7% | 76 | $6,730,000 | $88,553 |
| 7-8% | 60 | $3,910,000 | $65,167 |
During 2020, Mcallen - Edinburg - Mission's most frequently originated rate bucket was 3-4%, with 4,360 originations.
Loan Sizing (MCALLEN-EDINBURG-MISSION, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 5,161 | $774,825,000 | $150,131 |
| $200k-400k | 3,190 | $820,620,000 | $257,248 |
| $100,000 or less | 1,747 | $116,395,000 | $66,626 |
| $400k-600k | 221 | $101,945,000 | $461,290 |
| $600k-1000k | 37 | $28,535,000 | $771,216 |
| $Over $1MM | 29 | $110,315,000 | $3,803,966 |
MCALLEN - EDINBURG - MISSION's loan sizing saw the bucket of loans from $100k-200k with 5,161 originations, totaling $774,825,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 5,801 | $1,119,195,000 | $192,931 |
| 60-80% | 2,285 | $438,185,000 | $191,766 |
| 40-60% | 684 | $99,080,000 | $144,854 |
| 20-40% | 217 | $18,305,000 | $84,355 |
| Under 20% | 157 | $3,405,000 | $21,688 |
| Over 100% | 90 | $22,750,000 | $252,778 |
MCALLEN - EDINBURG - MISSION's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 5,801 originations, totaling $1,119,195,000 in origination value.