Nacogdoches Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Nacogdoches averaged
7%
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
7.03% and
one month ago for the week of 2024-10-03, the
average rate was 6.23%.
Nacogdoches's average rate one year ago was 7.97%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.29%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Nacogdoches 30 Year Fixed Rate | 2024-11-07 | 7% |
| Nacogdoches 30 Year Fixed Rate Refi | 2024-11-07 | 7.29% |
| Nacogdoches 15 Year Fixed Rate | 2024-11-07 | 6% |
| Nacogdoches 15 Year Fixed Rate Refi | 2024-11-07 | 6.2% |
| Nacogdoches 30 Year FHA | 2024-11-07 | 6.43% |
| Nacogdoches 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Nacogdoches 30 Year USDA | 2024-11-07 | 6.48% |
| Nacogdoches 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Nacogdoches 30 Year VA | 2024-11-07 | 6.44% |
| Nacogdoches 30 Year VA Refi | 2024-11-07 | 6.14% |
Nacogdoches 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 Nacogdoches, 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.).
Nacogdoches Average Closing Costs & Other Stats
Nacogdoches, TX's 57 lenders originated 592
loans during 2023. The total origination value was $123,620,000, with an average loan value of
$208,818.
Nacogdoches's average closing costs are $5,153.
The top Nacogdoches lender as defined by loan originations is Commercial Bank of Texas, with
45 loans originated. Their average total fees are
$4,681, which is $1,735
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Nacogdoches lenders (with over 10 loans originated) are
Austin Bank, Texas ($3,731), Commercial Bank of Texas ($4,681), Southside Bank ($4,982), BancorpSouth ($5,613) and QUICKEN LOANS, LLC ($6,415).
The lowest rate Nacogdoches lenders (with over 10 loans originated) are
Austin Bank, Texas (6.67%), BancorpSouth (6.90%), UNITED WHOLESALE MORTGAGE, LLC (6.93%), Commercial Bank of Texas (7.11%) and Southside Bank (7.11%).
Nacogdoches, 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 |
|---|---|---|---|---|
| Commercial Bank of Texas | $36,525,000 | $24,865,000 | -31.9% | 20.1% |
| BancorpSouth | $16,855,000 | $10,810,000 | -35.9% | 8.7% |
| Austin Bank, Texas | $16,220,000 | $10,745,000 | -33.8% | 8.7% |
| QUICKEN LOANS, LLC | $10,655,000 | $7,540,000 | -29.2% | 6.1% |
| AMCAP MORTGAGE, LTD. | $1,400,000 | $4,155,000 | 196.8% | 3.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $4,730,000 | $3,835,000 | -18.9% | 3.1% |
| Mortgage Research Center, LLC | $1,335,000 | $3,410,000 | 155.4% | 2.8% |
| EAST TEXAS PROFESSIONAL Credit Union | $1,480,000 | $3,225,000 | 117.9% | 2.6% |
| 21ST MORTGAGE CORPORATION | $2,940,000 | $2,640,000 | -10.2% | 2.1% |
| Southside Bank | $2,345,000 | $2,590,000 | 10.4% | 2.1% |
| NTFN, INC. | $840,000 | $2,465,000 | 193.5% | 2.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $645,000 | $2,285,000 | 254.3% | 1.8% |
| Citizens 1st Bank | $2,915,000 | $2,265,000 | -22.3% | 1.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $540,000 | $1,930,000 | 257.4% | 1.6% |
| UBank | $2,600,000 | $1,925,000 | -26.0% | 1.6% |
| Regions Bank | $2,675,000 | $1,790,000 | -33.1% | 1.4% |
| Flagstar Bank, FSB | $2,450,000 | $1,600,000 | -34.7% | 1.3% |
| TRIAD FINANCIAL SERVICES, INC. | $1,110,000 | $1,595,000 | 43.7% | 1.3% |
| CMG MORTGAGE, INC. | $1,240,000 | $1,415,000 | 14.1% | 1.1% |
| GUILD MORTGAGE COMPANY | $1,510,000 | $1,100,000 | -27.2% | 0.9% |
| JPMorgan Chase Bank | $1,005,000 | $1,010,000 | 0.5% | 0.8% |
| Centennial Bank | $195,000 | $915,000 | 369.2% | 0.7% |
| LOANDEPOT.COM, LLC | $860,000 | $905,000 | 5.2% | 0.7% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,245,000 | $900,000 | -27.7% | 0.7% |
| Farm Credit Mid-America, ACA | $895,000 | $860,000 | -3.9% | 0.7% |
| LOANPAL, LLC | $475,000 | $830,000 | 74.7% | 0.7% |
| Texas National Bank of Jacksonville | $145,000 | $820,000 | 465.5% | 0.7% |
| Raymond James Bank | $795,000 | n/a | 0.6% | |
| Prosperity Bank | $1,970,000 | $790,000 | -59.9% | 0.6% |
| NEWREZ LLC | $560,000 | $735,000 | 31.3% | 0.6% |
| MORTGAGE FINANCIAL SERVICES, LLC | $215,000 | $685,000 | 218.6% | 0.6% |
| CARDINAL FINANCIAL | $340,000 | $605,000 | 77.9% | 0.5% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $530,000 | $605,000 | 14.2% | 0.5% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $600,000 | n/a | 0.5% | |
| BROKER SOLUTIONS, INC. | $1,035,000 | $595,000 | -42.5% | 0.5% |
| SOUTHWEST STAGE FUNDING, LLC | $490,000 | $590,000 | 20.4% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $395,000 | $570,000 | 44.3% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $340,000 | $550,000 | 61.8% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $1,035,000 | $530,000 | -48.8% | 0.4% |
| PENTAGON FEDERAL CREDIT UNION | $235,000 | $525,000 | 123.4% | 0.4% |
| MID AMERICA MORTGAGE, INC. | $510,000 | n/a | 0.4% | |
| MEMBERS CHOICE Credit Union | $105,000 | $485,000 | 361.9% | 0.4% |
| VAN DYK MORTGAGE CORPORATION | $440,000 | n/a | 0.4% | |
| LEGEND LENDING CORPORATION | $425,000 | n/a | 0.3% | |
| Pinnacle Bank | $425,000 | n/a | 0.3% | |
| CHURCHILL MORTGAGE CORPORATION | $610,000 | $420,000 | -31.1% | 0.3% |
| First United Bank and Trust Company | $910,000 | $420,000 | -53.8% | 0.3% |
| THRIVE MORTGAGE, LLC | $425,000 | $420,000 | -1.2% | 0.3% |
| MEMBER FIRST MORTGAGE, LLC | $395,000 | n/a | 0.3% | |
| Bank of America | $350,000 | $370,000 | 5.7% | 0.3% |
| Carrington Mortgage Services, LLC | $215,000 | $350,000 | 62.8% | 0.3% |
| The Loan Store, Inc. | $350,000 | n/a | 0.3% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $170,000 | $340,000 | 100.0% | 0.3% |
| Cornerstone First Mortgage, Inc | $165,000 | $320,000 | 93.9% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $795,000 | $310,000 | -61.0% | 0.3% |
| MEMBER HOME LOAN, L.L.C. | $145,000 | $300,000 | 106.9% | 0.2% |
| AMWEST FUNDING CORP. | $720,000 | $295,000 | -59.0% | 0.2% |
| EASTMAN | $290,000 | n/a | 0.2% | |
| UNION HOME MORTGAGE CORP. | $280,000 | n/a | 0.2% | |
| Bank of England | $275,000 | n/a | 0.2% | |
| ENVOY MORTGAGE, LTD | $275,000 | n/a | 0.2% | |
| MANN FINANCIAL INC. | $275,000 | n/a | 0.2% | |
| NBH Bank | $4,760,000 | $265,000 | -94.4% | 0.2% |
| NFM, INC. | $265,000 | n/a | 0.2% | |
| Century Mortgage Company DBA Century Lending Company | $255,000 | n/a | 0.2% | |
| VeraBank | $115,000 | $255,000 | 121.7% | 0.2% |
| GARDNER FINANCIAL SERVICES, LTD. | $245,000 | n/a | 0.2% | |
| SWBC MORTGAGE CORPORATION | $245,000 | n/a | 0.2% | |
| GENEVA FINANCIAL, LLC | $420,000 | $235,000 | -44.0% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $235,000 | n/a | 0.2% | |
| USAA Federal Savings Bank | $390,000 | $235,000 | -39.7% | 0.2% |
| Trinity Oaks Mortgage, LLC | $225,000 | n/a | 0.2% | |
| AmeriHome Mortgage Company, LLC | $215,000 | n/a | 0.2% | |
| Independent Bank | $215,000 | n/a | 0.2% | |
| TJC Mortgage, Inc. | $215,000 | n/a | 0.2% | |
| STOCKTON MORTGAGE CORPORATION | $205,000 | n/a | 0.2% | |
| UNIVERSITY Federal Credit Union | $245,000 | $205,000 | -16.3% | 0.2% |
| V.I.P. MORTGAGE, INC. | $205,000 | n/a | 0.2% | |
| Affiliated Bank | $195,000 | n/a | 0.2% | |
| LENDSURE MORTGAGE CORP. | $195,000 | n/a | 0.2% | |
| SUMMIT FUNDING, INC. | $195,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $185,000 | n/a | 0.1% | |
| BRAZOS VALLEY SCHOOLS | $175,000 | n/a | 0.1% | |
| First National Bank of East Texas | $175,000 | n/a | 0.1% | |
| TOWNE MORTGAGE COMPANY | $175,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $105,000 | $165,000 | 57.1% | 0.1% |
| AMERICAN FINANCING CORPORATION | $275,000 | $165,000 | -40.0% | 0.1% |
| Citibank | $165,000 | n/a | 0.1% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,100,000 | $165,000 | -85.0% | 0.1% |
| NAVY FEDERAL CREDIT UNION | $2,405,000 | $165,000 | -93.1% | 0.1% |
| NBKC BANK | $245,000 | $165,000 | -32.7% | 0.1% |
| Texas Bank | $95,000 | $165,000 | 73.7% | 0.1% |
| Towne Bank | $165,000 | n/a | 0.1% | |
| Nations Lending Corporation | $175,000 | $155,000 | -11.4% | 0.1% |
| Truist | $155,000 | n/a | 0.1% | |
| First Horizon Bank | $145,000 | n/a | 0.1% | |
| PILGRIM MORTGAGE LLC | $145,000 | n/a | 0.1% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $195,000 | $145,000 | -25.6% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $670,000 | $145,000 | -78.4% | 0.1% |
| NECHES | $115,000 | n/a | 0.1% | |
| BOKF | $145,000 | $105,000 | -27.6% | 0.1% |
| FIRST SERVICE Credit Union | $105,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $135,000 | $105,000 | -22.2% | 0.1% |
| CRESTMARK MORTGAGE COMPANY, LTD. | $95,000 | n/a | 0.1% | |
| Spring Hill State Bank | $95,000 | n/a | 0.1% | |
| American State Bank | $2,390,000 | $85,000 | -96.4% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $505,000 | $75,000 | -85.1% | 0.1% |
| SPRING EQ, LLC | $75,000 | n/a | 0.1% | |
| Wells Fargo Bank | $1,330,000 | $75,000 | -94.4% | 0.1% |
| GENCO Federal Credit Union | $65,000 | n/a | 0.1% |
Nacogdoches's top lender by overall market share is Commercial Bank of Texas, with 20.1% market share. In second place, with 8.7%, is BancorpSouth, having originated $10,810,000 in loans. In third place, with 8.7%, is Austin Bank, Texas, having originated $10,745,000 in loans. In fourth place, with 6.1%, is QUICKEN LOANS, LLC, having originated $7,540,000 in loans. In fifth place, with 3.4%, is AMCAP MORTGAGE, LTD., having originated $4,155,000 in loans.
Nacogdoches, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 440 | $97,890,000 | $222,477 |
| Cash Out Refi | 66 | $9,580,000 | $145,152 |
| Other | 38 | $5,500,000 | $144,737 |
| Refi | 30 | $9,360,000 | $312,000 |
| Home Improvement | 18 | $1,290,000 | $71,667 |
Nacogdoches's most frequently cited loan purpose was Home Purchase, with 440 originations. The 2nd most popular reason was Cash Out Refi, with 66 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 193 | $46,445,000 | $240,648 |
| 7-8% | 171 | $35,495,000 | $207,573 |
| Over 8% | 127 | $18,035,000 | $142,008 |
| 5-6% | 65 | $16,625,000 | $255,769 |
| 4-5% | 3 | $825,000 | $275,000 |
| 2.5-3% | 2 | $180,000 | $90,000 |
During 2023, Nacogdoches's most frequently originated rate bucket was 6-7%, with 193 originations.
Loan Sizing (Nacogdoches, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 220 | $32,650,000 | $148,409 |
| $200k-400k | 196 | $53,830,000 | $274,643 |
| $100,000 or less | 127 | $8,445,000 | $66,496 |
| $400k-600k | 37 | $17,345,000 | $468,784 |
| $600k-1000k | 9 | $6,585,000 | $731,667 |
| $Over $1MM | 3 | $4,765,000 | $1,588,333 |
Nacogdoches's loan sizing saw the bucket of loans from $100k-200k with 220 originations, totaling $32,650,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 296 | $65,090,000 | $219,899 |
| 60-80% | 142 | $35,470,000 | $249,789 |
| 40-60% | 52 | $8,710,000 | $167,500 |
| 20-40% | 41 | $5,175,000 | $126,220 |
| Under 20% | 21 | $1,205,000 | $57,381 |
| Over 100% | 6 | $1,480,000 | $246,667 |
Nacogdoches's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 296 originations, totaling $65,090,000 in origination value.