Mexico Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Mexico averaged 6.35% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

The average rate for the prior week (2023-05-18) was 5.97% and one month ago for the week of 2023-04-20, the average rate was 6.27%.

Mexico's average rate one year ago was 4.93%.

For refis of the same type during the week of 2023-05-25, the average rate was 6.47%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-05-25 6.57%
Mexico 30 Year Fixed Rate 2023-05-25 6.35%
Mexico 30 Year Fixed Rate Refi 2023-05-25 6.47%
Mexico 15 Year Fixed Rate 2023-05-25 5.97%
Mexico 15 Year Fixed Rate Refi 2023-05-25 6.27%
Mexico 30 Year FHA 2023-05-25 6.41%
Mexico 30 Year FHA Refi 2023-05-25 6.81%
Mexico 30 Year USDA 2023-05-25 6.53%
Mexico 30 Year USDA Refi 2023-05-25 6.53%
Mexico 30 Year VA 2023-05-25 6.41%
Mexico 30 Year VA Refi 2023-05-25 6.31%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Mexico, MO.

Mexico 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 Mexico, MO 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FLAT BRANCH MORTGAGE, INC. 38 5.11% $2,713
The Central Trust Bank 35 4.86% $2,100
DAS Acquisition Company, LLC 9 5.65% $4,041
First State Community Bank 8 4.36% $2,264
HomeBank 6 4.81% $1,955
The Bank of Missouri 5 3.75% $2,440
QUICKEN LOANS, LLC 5 4.92% $4,781
U.S. Bank 4 5.81% $2,885
Mortgage Research Center, LLC 3 4.88% $2,668
Wells Fargo Bank 2 3.81% $3,572
Commerce Bank 2 5.63% $5,086
JPMorgan Chase Bank 2 3.63% $937
ROYAL UNITED MORTGAGE LLC 2 4.94% $6,100
CROSSCOUNTRY MORTGAGE, LLC 2 7.00% $5,224
The Callaway Bank 2 4.44% $2,192
GUILD MORTGAGE COMPANY 2 4.75% $2,982
LAKEVIEW LOAN SERVICING, LLC 1 5.02% $1,117
LOANDEPOT.COM, LLC 1 4.75% $8,016
MISSOURI Credit Union 1 5.75% $1,996
Ally Bank 1 5.38% $1,021
Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $10,816
NEWREZ LLC 1 4.63% $4,909
ON Q FINANCIAL, INC. 1 3.88% $5,379
PENNYMAC LOAN SERVICES, LLC 1 3.75% $2,724
Southern Bank 1 5.38% $1,096
The Home Loan Expert LLC 1 5.13% $3,250
United Bank of Union 1 5.50% $2,365
UNITED WHOLESALE MORTGAGE, LLC 1 4.74% $2,135
USAA Federal Savings Bank 1 5.63% $2,701
MISSOURI ELECTRIC COOPERATIVES EMPL 1 3.88% $1,606
Bell Bank 1 6.38% $3,533
Colonial Savings, F.A. 1 7.38% $4,278
Community Mortgage Banc Corporation 1 4.53% $2,274
Deere Employees Credit Union 1 3.75% $2,667
Discover Bank 1 4.25% $0
FCS Financial FLCA 1 4.25% $3,394
FIRST COMMUNITY MORTGAGE, INC. 1 3.88% $2,529
First State Bank of St. Charles, Missouri 1 3.25% $3,131
Flagstar Bank, FSB 1 5.94% $4,488
FRONTIER FINANCIAL, INC. 1 5.63% $2,068
GERSHMAN INVESTMENT CORP. 1 4.63% $2,086
Great Southern Bank 1 5.63% $3,328
GUARANTEED RATE AFFINITY, LLC 1 6.00% $2,721
Hawthorn Bank 1 6.00% $2,492
HNB National Bank 1 3.25% $1,835

Mexico Average Closing Costs & Other Stats

Mexico, MO's 45 lenders originated 528 loans during 2022. The total origination value was $69,050,000, with an average loan value of $130,777.

Mexico's average closing costs are $3,342.

The top Mexico lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 38 loans originated. Their average total fees are $2,713, which is $613 higher than the next largest lender, The Central Trust Bank.

The lowest fee Mexico lenders (with over 10 loans originated) are The Central Trust Bank ($2,100), FLAT BRANCH MORTGAGE, INC. ($2,713), .

The lowest rate Mexico lenders (with over 10 loans originated) are The Central Trust Bank (4.86%), FLAT BRANCH MORTGAGE, INC. (5.11%), .

Mexico, MO 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
FLAT BRANCH MORTGAGE, INC. $15,020,000 $14,155,000 -5.8% 20.5%
The Central Trust Bank $3,315,000 $10,320,000 211.3% 14.9%
First State Community Bank $6,985,000 $3,765,000 -46.1% 5.5%
DAS Acquisition Company, LLC $3,900,000 $3,165,000 -18.8% 4.6%
Mortgage Research Center, LLC $3,865,000 $2,710,000 -29.9% 3.9%
United Credit Union $3,410,000 $2,655,000 -22.1% 3.8%
QUICKEN LOANS, LLC $4,180,000 $2,570,000 -38.5% 3.7%
Bank of Odessa $2,475,000 n/a 3.6%
Commerce Bank $4,320,000 $2,310,000 -46.5% 3.3%
HomeBank $2,650,000 $2,180,000 -17.7% 3.2%
The Bank of Missouri $1,905,000 $1,545,000 -18.9% 2.2%
U.S. Bank $3,565,000 $1,515,000 -57.5% 2.2%
The Bank of Old Monroe $1,130,000 n/a 1.6%
The Callaway Bank $1,575,000 $1,060,000 -32.7% 1.5%
LOANDEPOT.COM, LLC $395,000 $695,000 75.9% 1.0%
COMMERCIAL TRUST COMPANY OF FAYETTE $840,000 $630,000 -25.0% 0.9%
River Region Credit Union $540,000 $570,000 5.6% 0.8%
Community State Bank of Missouri $925,000 $540,000 -41.6% 0.8%
Exchange Bank of Missouri $705,000 $540,000 -23.4% 0.8%
CROSSCOUNTRY MORTGAGE, LLC $530,000 n/a 0.8%
Mr. Cooper ( Nationstar Mortgage ) $485,000 $505,000 4.1% 0.7%
BROKER SOLUTIONS, INC. $365,000 $470,000 28.8% 0.7%
ON Q FINANCIAL, INC. $210,000 $465,000 121.4% 0.7%
Alliant Bank $250,000 $455,000 82.0% 0.7%
Magnolia Bank $125,000 $440,000 252.0% 0.6%
UNITED WHOLESALE MORTGAGE, LLC $360,000 $405,000 12.5% 0.6%
Carrington Mortgage Services, LLC $190,000 $400,000 110.5% 0.6%
USAA Federal Savings Bank $455,000 $400,000 -12.1% 0.6%
GUARANTEED RATE AFFINITY, LLC $395,000 n/a 0.6%
Wells Fargo Bank $465,000 $395,000 -15.1% 0.6%
JPMorgan Chase Bank $95,000 $385,000 305.3% 0.6%
MISSOURI ELECTRIC COOPERATIVES EMPL $365,000 n/a 0.5%
HNB National Bank $1,480,000 $360,000 -75.7% 0.5%
GERSHMAN INVESTMENT CORP. $470,000 $350,000 -25.5% 0.5%
CMG MORTGAGE, INC. $240,000 $330,000 37.5% 0.5%
FCS Financial FLCA $625,000 $315,000 -49.6% 0.5%
Members Mortgage Services, L.L.C. $310,000 n/a 0.4%
First Midwest Bank of Poplar Bluff $305,000 n/a 0.4%
FREEDOM MORTGAGE CORPORATION $795,000 $290,000 -63.5% 0.4%
NEW DAY FINANCIAL, LLC $270,000 n/a 0.4%
Regional Missouri Bank $660,000 $255,000 -61.4% 0.4%
GUILD MORTGAGE COMPANY $235,000 $250,000 6.4% 0.4%
Colonial Savings, F.A. $235,000 n/a 0.3%
Great Southern Bank $235,000 n/a 0.3%
Ally Bank $230,000 n/a 0.3%
ROYAL UNITED MORTGAGE LLC $65,000 $230,000 253.8% 0.3%
Equity Prime Mortgage LLC $225,000 n/a 0.3%
First State Bank of St. Charles, Missouri $95,000 $215,000 126.3% 0.3%
PENNYMAC LOAN SERVICES, LLC $1,405,000 $215,000 -84.7% 0.3%
Carrollton Bank $95,000 $205,000 115.8% 0.3%
FIRST COMMUNITY MORTGAGE, INC. $185,000 n/a 0.3%
Southern Bank $185,000 n/a 0.3%
DELMAR FINANCIAL COMPANY $165,000 $175,000 6.1% 0.3%
Hawthorn Bank $175,000 n/a 0.3%
AMERICAN FINANCING CORPORATION $275,000 $165,000 -40.0% 0.2%
Deere Employees Credit Union $200,000 $165,000 -17.5% 0.2%
GUARANTY HOME MORTGAGE CORPORATION $165,000 n/a 0.2%
MISSOURI Credit Union $640,000 $165,000 -74.2% 0.2%
LAKEVIEW LOAN SERVICING, LLC $160,000 n/a 0.2%
Discover Bank $115,000 $155,000 34.8% 0.2%
First Bank $150,000 n/a 0.2%
JLB CORPORATION $150,000 n/a 0.2%
Arvest Bank $265,000 $145,000 -45.3% 0.2%
EVERETT FINANCIAL, INC. $145,000 n/a 0.2%
NEWREZ LLC $260,000 $145,000 -44.2% 0.2%
MORTGAGE SOLUTIONS OF COLORADO, LLC $125,000 n/a 0.2%
NUMARK CREDIT UNION $125,000 n/a 0.2%
TruHome Solutions, LLC $125,000 $125,000 0.0% 0.2%
FRONTIER FINANCIAL, INC. $115,000 n/a 0.2%
F&B Acquisition Group LLC $105,000 n/a 0.2%
Flagstar Bank, FSB $735,000 $105,000 -85.7% 0.2%
The Home Loan Expert LLC $100,000 n/a 0.1%
Bell Bank $95,000 n/a 0.1%
SOUTHWEST STAGE FUNDING, LLC $95,000 n/a 0.1%
Community Mortgage Banc Corporation $350,000 $85,000 -75.7% 0.1%
COMMUNITY MORTGAGE, LLC $5,035,000 $85,000 -98.3% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $375,000 $85,000 -77.3% 0.1%
United Bank of Union $85,000 n/a 0.1%
Signature Federal Credit Union $75,000 n/a 0.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $700,000 $60,000 -91.4% 0.1%
THOMPSON KANE & COMPANY, LLC $55,000 n/a 0.1%
WEST COMMUNITY $155,000 $55,000 -64.5% 0.1%
FIRST COMMUNITY $85,000 $35,000 -58.8% 0.1%
PEOPLES BANK & TRUST CO. $30,000 n/a 0.0%
Simmons Bank $145,000 $15,000 -89.7% 0.0%

Mexico's top lender by overall market share is FLAT BRANCH MORTGAGE, INC., with 20.5% market share. In second place, with 14.9%, is The Central Trust Bank, having originated $10,320,000 in loans. In third place, with 5.5%, is First State Community Bank, having originated $3,765,000 in loans. In fourth place, with 4.6%, is DAS Acquisition Company, LLC, having originated $3,165,000 in loans. In fifth place, with 3.9%, is Mortgage Research Center, LLC, having originated $2,710,000 in loans.


Mexico Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Mexico (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $77,575 (-3.5%) $111,632 (-11.7%) 0.00 96
2018-02-01 $75,125 (-8.3%) $106,215 (-8.9%) 0.00 92
2018-03-01 $75,000 (-14.2%) $102,999 (-13.2%) 0.00 89
2018-04-01 $82,550 (-5.1%) $111,358 (-9.0%) 0.00 81
2018-05-01 $87,250 (9.2%) $114,626 (-3.5%) 0.00 91
2018-06-01 $89,250 (8.5%) $112,048 (-8.1%) 0.00 96
2018-07-01 $94,875 (19.4%) $113,847 (-6.7%) 0.00 97
2018-08-01 $94,700 (13.2%) $126,792 (4.2%) 0.00 94
2018-09-01 $92,750 (23.7%) $130,130 (9.1%) 0.00 93
2018-10-01 $97,075 (31.7%) $133,985 (16.5%) 0.00 97
2018-11-01 $89,600 (28.2%) $129,378 (14.8%) 0.00 105
2018-12-01 $89,900 (28.6%) $126,790 (19.0%) 0.00 114
2019-01-01 $81,250 (4.7%) $115,940 (3.9%) 0.00 112
2019-02-01 $91,125 (21.3%) $123,749 (16.5%) 0.00 121
2019-03-01 $92,700 (23.6%) $142,864 (38.7%) 0.00 98
2019-04-01 $119,325 (44.6%) $159,151 (42.9%) 0.00 89
2019-05-01 $132,975 (52.4%) $168,515 (47.0%) 0.00 89
2019-06-01 $134,900 (51.2%) $170,668 (52.3%) 0.00 94
2019-07-01 $123,550 (30.2%) $165,284 (45.2%) 0.00 95
2019-08-01 $124,900 (31.9%) $159,000 (25.4%) 0.00 106
2019-09-01 $129,800 (40.0%) $155,397 (19.4%) 0.00 95
2019-10-01 $112,575 (16.0%) $144,779 (8.1%) 0.00 99
2019-11-01 $105,000 (17.2%) $137,893 (6.6%) 0.00 110
2019-12-01 $97,700 (8.7%) $132,005 (4.1%) 0.00 102
2020-01-01 $89,400 (10.0%) $130,546 (12.6%) 0.00 92
2020-02-01 $87,250 (-4.3%) $131,952 (6.6%) 0.00 81
2020-03-01 $86,450 (-6.7%) $131,954 (-7.6%) 0.00 73
2020-04-01 $77,900 (-34.7%) $135,829 (-14.7%) 0.00 64
2020-05-01 $85,000 (-36.1%) $141,010 (-16.3%) 0.00 62
2020-06-01 $102,050 (-24.4%) $149,510 (-12.4%) 0.00 57
2020-07-01 $107,250 (-13.2%) $152,677 (-7.6%) 0.00 63
2020-08-01 $125,000 (0.1%) $163,403 (2.8%) 0.00 61
2020-09-01 $118,225 (-8.9%) $167,060 (7.5%) 0.00 55
2020-10-01 $110,000 (-2.3%) $157,405 (8.7%) 0.00 57
2020-11-01 $135,850 (29.4%) $173,468 (25.8%) 0.00 56
2020-12-01 $112,475 (15.1%) $153,952 (16.6%) 0.00 57
2021-01-01 $119,900 (34.1%) $162,616 (24.6%) 0.00 42
2021-02-01 $119,900 (37.4%) $184,666 (40.0%) 0.00 30
2021-03-01 $128,675 (48.8%) $205,244 (55.5%) 0.00 22
2021-04-01 $120,700 (54.9%) $165,873 (22.1%) 0.00 24
2021-05-01 $119,900 (41.1%) $167,464 (18.8%) 0.00 29
2021-06-01 $116,250 (13.9%) $167,420 (12.0%) 0.00 34
2021-07-01 $95,250 (-11.2%) $145,907 (-4.4%) 0.00 42
2021-08-01 $90,000 (-28.0%) $149,356 (-8.6%) 0.00 42
2021-09-01 $108,000 (-8.7%) $159,420 (-4.6%) 0.00 42
2021-10-01 $109,950 (-0.1%) $159,562 (1.4%) 0.00 47
2021-11-01 $117,500 (-13.5%) $164,287 (-5.3%) 0.00 50
2021-12-01 $91,750 (-18.4%) $150,962 (-1.9%) 0.00 41
2022-01-01 $112,000 (-6.6%) $154,760 (-4.8%) 0.00 29
2022-02-01 $129,900 (8.3%) $155,832 (-15.6%) 0.00 26
2022-03-01 $130,975 (1.8%) $162,923 (-20.6%) 0.00 25
2022-04-01 $140,000 (16.0%) $186,823 (12.6%) 0.00 29
2022-05-01 $148,700 (24.0%) $181,446 (8.4%) 0.00 33
2022-06-01 $138,700 (19.3%) $176,805 (5.6%) 0.00 37
2022-07-01 $150,000 (57.5%) $172,927 (18.5%) 0.00 48
2022-08-01 $139,900 (55.4%) $154,049 (3.1%) 0.00 53
2022-09-01 $139,900 (29.5%) $291,048 (82.6%) 0.00 51
2022-10-01 $151,500 (37.8%) $171,020 (7.2%) 0.00 57
2022-11-01 $150,000 (27.7%) $178,736 (8.8%) 0.00 54
2022-12-01 $152,450 (66.2%) $176,441 (16.9%) 0.00 50
2023-01-01 $129,700 (15.8%) $162,972 (5.3%) 0.00 49
2023-02-01 $133,675 (2.9%) $145,933 (-6.4%) 0.00 48
2023-03-01 $139,200 (6.3%) $163,847 (0.6%) 0.00 34
2023-04-01 $173,700 (24.1%) $200,463 (7.3%) 0.00 32
Mexico's median listing price for 2023-04-01 was $173,700, a difference of $33,700 (24.1%) versus the prior year and $34,500 versus the prior month.

Mexico's median listing price comes in at 0% of the national average.

Mexico's average listing price for 2023-04-01 was $200,463, a difference of $13,640 (7.3%) versus the prior year and $36,616 versus the prior month.

For the 2023-04-01 period, Mexico had 32 MLS listings, a difference of -2 listings (-6%) versus the prior month and 3 listings (10%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Mexico (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,412 sqft
2018-02-01 0 days 1,443 sqft
2018-03-01 0 days 1,525 sqft
2018-04-01 0 days 1,528 sqft
2018-05-01 0 days 1,466 sqft
2018-06-01 0 days 1,416 sqft
2018-07-01 0 days 1,412 sqft
2018-08-01 0 days 1,431 sqft
2018-09-01 0 days 1,415 sqft
2018-10-01 0 days 1,470 sqft
2018-11-01 0 days 1,482 sqft
2018-12-01 0 days 1,460 sqft
2019-01-01 0 days 1,367 sqft
2019-02-01 0 days 1,405 sqft
2019-03-01 0 days 1,457 sqft
2019-04-01 0 days 1,593 sqft
2019-05-01 0 days 1,665 sqft
2019-06-01 0 days 1,638 sqft
2019-07-01 0 days 1,552 sqft
2019-08-01 0 days 1,564 sqft
2019-09-01 0 days 1,529 sqft
2019-10-01 0 days 1,550 sqft
2019-11-01 0 days 1,484 sqft
2019-12-01 0 days 1,561 sqft
2020-01-01 0 days 1,560 sqft
2020-02-01 0 days 1,490 sqft
2020-03-01 0 days 1,432 sqft
2020-04-01 0 days 1,397 sqft
2020-05-01 0 days 1,604 sqft
2020-06-01 0 days 1,707 sqft
2020-07-01 0 days 1,718 sqft
2020-08-01 0 days 1,800 sqft
2020-09-01 0 days 1,704 sqft
2020-10-01 0 days 1,648 sqft
2020-11-01 0 days 1,625 sqft
2020-12-01 0 days 1,593 sqft
2021-01-01 0 days 1,599 sqft
2021-02-01 0 days 1,441 sqft
2021-03-01 0 days 1,454 sqft
2021-04-01 0 days 1,525 sqft
2021-05-01 0 days 1,355 sqft
2021-06-01 0 days 1,313 sqft
2021-07-01 0 days 1,344 sqft
2021-08-01 0 days 1,554 sqft
2021-09-01 0 days 1,601 sqft
2021-10-01 0 days 1,526 sqft
2021-11-01 0 days 1,400 sqft
2021-12-01 0 days 1,426 sqft
2022-01-01 0 days 1,344 sqft
2022-02-01 0 days 1,217 sqft
2022-03-01 0 days 1,300 sqft
2022-04-01 0 days 1,530 sqft
2022-05-01 0 days 1,548 sqft
2022-06-01 0 days 1,409 sqft
2022-07-01 0 days 1,429 sqft
2022-08-01 0 days 1,399 sqft
2022-09-01 0 days 1,406 sqft
2022-10-01 0 days 1,470 sqft
2022-11-01 0 days 1,459 sqft
2022-12-01 0 days 1,456 sqft
2023-01-01 0 days 1,432 sqft
2023-02-01 0 days 1,375 sqft
2023-03-01 0 days 1,426 sqft
2023-04-01 0 days 1,512 sqft
Mexico's median listing age (time on market) for 2023-04-01 was 0 days.

Mexico's median square footage for active listings during the 2023-04-01 period was 1,512 sqft. One year prior, the average listing was 1,530 sqft.

Mexico, MO Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 342 $49,540,000 $144,854
Refi 75 $9,565,000 $127,533
Cash Out Refi 62 $7,290,000 $117,581
Other 25 $1,255,000 $50,200
Home Improvement 24 $1,400,000 $58,333

Mexico's most frequently cited loan purpose was Home Purchase, with 342 originations. The 2nd most popular reason was Refi, with 75 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 120 $15,090,000 $125,750
4-5% 119 $16,405,000 $137,857
3-4% 90 $13,840,000 $153,778
6-7% 78 $9,010,000 $115,513
7-8% 24 $2,410,000 $100,417
2.5-3% 17 $2,385,000 $140,294
Over 8% 3 $135,000 $45,000

During 2022, Mexico's most frequently originated rate bucket was 5-6%, with 120 originations.

Loan Sizing (Mexico, MO MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 239 $14,675,000 $61,402
$100k-200k 213 $30,385,000 $142,653
$200k-400k 69 $18,055,000 $261,667
$400k-600k 5 $2,395,000 $479,000
$Over $1MM 2 $3,540,000 $1,770,000

Mexico's loan sizing saw the bucket of loans from $100,000 or less with 239 originations, totaling $14,675,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 232 $33,040,000 $142,414
60-80% 126 $17,270,000 $137,063
40-60% 46 $5,490,000 $119,348
20-40% 23 $1,435,000 $62,391
Under 20% 16 $770,000 $48,125
Over 100% 5 $945,000 $189,000

Mexico's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 232 originations, totaling $33,040,000 in origination value.