Pearsall Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Pearsall averaged 6.68% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

The average rate for the prior week (2024-04-04) was 6.62% and one month ago for the week of 2024-03-07, the average rate was 6.98%.

Pearsall's average rate one year ago was 6.38%.

For refis of the same type during the week of 2024-04-11, the average rate was 7.18%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
Pearsall 30 Year Fixed Rate 2024-04-11 6.68%
Pearsall 30 Year Fixed Rate Refi 2024-04-11 7.18%
Pearsall 15 Year Fixed Rate 2024-04-11 6.16%
Pearsall 15 Year Fixed Rate Refi 2024-04-11 6.16%
Pearsall 30 Year FHA 2024-04-11 6.74%
Pearsall 30 Year FHA Refi 2024-04-11 6.74%
Pearsall 30 Year USDA 2024-04-11 6.91%
Pearsall 30 Year USDA Refi 2024-04-11 6.51%
Pearsall 30 Year VA 2024-04-11 6.47%
Pearsall 30 Year VA Refi 2024-04-11 6.67%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Pearsall, TX.

Pearsall 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 Pearsall, 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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
21ST MORTGAGE CORPORATION 3 8.22% $7,579
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.06% $6,042
Wells Fargo Bank 2 7.44% $5,921
LOANDEPOT.COM, LLC 2 6.49% $10,345
QUICKEN LOANS, LLC 2 6.99% $5,547
SECURITY SERVICE 2 6.81% $3,646
UNITED WHOLESALE MORTGAGE, LLC 2 7.76% $4,039
VANDERBILT MORTGAGE AND FINANCE, INC. 2 8.87% $7,838
MORTGAGE FINANCIAL SERVICES, LLC 1 6.13% $15,318
Mr. Cooper ( Nationstar Mortgage ) 1 7.13% $10,632
THRIVE MORTGAGE, LLC 1 6.63% $11,820
S1L, Inc. 1 7.50% $7,775
GUARANTEED RATE, INC. 1 7.25% $5,215
Semper Home Loans, Inc. 1 6.50% $15,764
SUN WEST MORTGAGE COMPANY, INC. 1 6.11% $3,284
GUILD MORTGAGE COMPANY 1 7.50% $9,248
Jefferson Bank 1 6.38% $5,124
JPMorgan Chase Bank 1 8.13% $1,927
TEXAS DOW EMPLOYEES CREDIT UNION 1 7.63% $5,433
LOANPAL, LLC 1 6.88% $7,277

Pearsall Average Closing Costs & Other Stats

Pearsall, TX's 20 lenders originated 117 loans during 2023. The total origination value was $21,365,000, with an average loan value of $182,607.

Pearsall's average closing costs are $6,908.

The top Pearsall lender as defined by loan originations is 21ST MORTGAGE CORPORATION, with 3 loans originated. Their average total fees are $7,579, which is $1,537 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Pearsall lenders (with over 10 loans originated) are .

The lowest rate Pearsall lenders (with over 10 loans originated) are .

Pearsall, 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
21ST MORTGAGE CORPORATION $4,425,000 $4,570,000 3.3% 21.4%
UNITED WHOLESALE MORTGAGE, LLC $635,000 $2,370,000 273.2% 11.1%
Mortgage Research Center, LLC $865,000 $1,360,000 57.2% 6.4%
SECURITY SERVICE $935,000 $1,195,000 27.8% 5.6%
LOANDEPOT.COM, LLC $165,000 $735,000 345.5% 3.4%
SOUTHWEST STAGE FUNDING, LLC $1,445,000 $710,000 -50.9% 3.3%
BROKER SOLUTIONS, INC. $105,000 $680,000 547.6% 3.2%
TRIAD FINANCIAL SERVICES, INC. $1,020,000 $560,000 -45.1% 2.6%
THRIVE MORTGAGE, LLC $1,330,000 $525,000 -60.5% 2.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $395,000 $505,000 27.8% 2.4%
First Option Mortgage, LLC $500,000 n/a 2.3%
QUICKEN LOANS, LLC $915,000 $475,000 -48.1% 2.2%
CARDINAL FINANCIAL $860,000 $410,000 -52.3% 1.9%
Wells Fargo Bank $145,000 $410,000 182.8% 1.9%
MORTGAGE FINANCIAL SERVICES, LLC $385,000 n/a 1.8%
AMCAP MORTGAGE, LTD. $835,000 $380,000 -54.5% 1.8%
VANDERBILT MORTGAGE AND FINANCE, INC. $370,000 n/a 1.7%
Gateway First Bank $690,000 $310,000 -55.1% 1.5%
Semper Home Loans, Inc. $305,000 n/a 1.4%
Farm Credit Mid-America, ACA $295,000 n/a 1.4%
S1L, Inc. $285,000 n/a 1.3%
CALCON MUTUAL MORTGAGE LLC $265,000 n/a 1.2%
JPMorgan Chase Bank $45,000 $260,000 477.8% 1.2%
AMERICAN HOMESTAR MORTGAGE, L.L.C. $335,000 $255,000 -23.9% 1.2%
AMERICAN FINANCIAL RESOURCES, INC. $355,000 $215,000 -39.4% 1.0%
GUILD MORTGAGE COMPANY $215,000 n/a 1.0%
SUMMIT FUNDING, INC. $215,000 n/a 1.0%
Mr. Cooper ( Nationstar Mortgage ) $280,000 $205,000 -26.8% 1.0%
OCMBC, INC. $205,000 n/a 1.0%
V.I.P. MORTGAGE, INC. $205,000 n/a 1.0%
FIRSTMARK $120,000 $190,000 58.3% 0.9%
Magnolia Bank $190,000 n/a 0.9%
MOVEMENT MORTGAGE, LLC $185,000 $170,000 -8.1% 0.8%
NEWREZ LLC $310,000 $155,000 -50.0% 0.7%
CITY FIRST MORTGAGE SERVICES, L.L.C. $145,000 n/a 0.7%
Plains Commerce Bank $145,000 n/a 0.7%
AMERICAN PACIFIC MORTGAGE CORPORATION $1,045,000 $135,000 -87.1% 0.6%
TEXAS DOW EMPLOYEES CREDIT UNION $135,000 n/a 0.6%
CORNERSTONE HOME LENDING, INC. $125,000 n/a 0.6%
LOANPAL, LLC $125,000 n/a 0.6%
GUARANTEED RATE, INC. $105,000 n/a 0.5%
SUN WEST MORTGAGE COMPANY, INC. $105,000 n/a 0.5%
CREDIT HUMAN FEDERAL CREDIT UNION $85,000 $95,000 11.8% 0.4%
CSL Financial, LLC $225,000 $95,000 -57.8% 0.4%
Jefferson Bank $175,000 $75,000 -57.1% 0.4%

Pearsall's top lender by overall market share is 21ST MORTGAGE CORPORATION, with 21.4% market share. In second place, with 11.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $2,370,000 in loans. In third place, with 6.4%, is Mortgage Research Center, LLC, having originated $1,360,000 in loans. In fourth place, with 5.6%, is SECURITY SERVICE, having originated $1,195,000 in loans. In fifth place, with 3.4%, is LOANDEPOT.COM, LLC, having originated $735,000 in loans.

Pearsall, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 99 $18,215,000 $183,990
Cash Out Refi 8 $1,510,000 $188,750
Refi 6 $1,300,000 $216,667
Other 4 $340,000 $85,000

Pearsall's most frequently cited loan purpose was Home Purchase, with 99 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
Over 8% 39 $5,715,000 $146,538
7-8% 33 $5,795,000 $175,606
6-7% 31 $6,285,000 $202,742
5-6% 11 $3,555,000 $323,182
<2.5% 3 $15,000 $5,000

During 2023, Pearsall's most frequently originated rate bucket was Over 8%, with 39 originations.

Loan Sizing (Pearsall, TX MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 63 $8,825,000 $140,079
$200k-400k 32 $8,450,000 $264,063
$100,000 or less 16 $1,050,000 $65,625
$400k-600k 6 $3,040,000 $506,667

Pearsall's loan sizing saw the bucket of loans from $100k-200k with 63 originations, totaling $8,825,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 82 $15,550,000 $189,634
60-80% 18 $3,620,000 $201,111
40-60% 9 $1,815,000 $201,667
Under 20% 4 $50,000 $12,500
20-40% 2 $150,000 $75,000
Over 100% 1 $85,000 $85,000

Pearsall's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 82 originations, totaling $15,550,000 in origination value.