Pearsall Mortgage Rates

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

30 Year Fixed Rate mortgages in Pearsall averaged 7.48% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 7.29% and one month ago for the week of 2022-05-26, the average rate was 6.98%.

Pearsall's average rate one year ago was 3.78%.

For refis of the same type during the week of 2022-06-30, the average rate was 6.01%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Pearsall 30 Year Fixed Rate 2022-06-30 7.48%
Pearsall 30 Year Fixed Rate Refi 2022-06-30 6.01%
Pearsall 15 Year Fixed Rate 2022-06-30 4.4%
Pearsall 15 Year Fixed Rate Refi 2022-06-30 6.08%
Pearsall 30 Year FHA 2022-06-30 6.14%
Pearsall 30 Year FHA Refi 2022-06-30 5.78%
Pearsall 30 Year USDA 2022-06-30 5.5%
Pearsall 30 Year VA 2022-06-30 6.09%
Pearsall 30 Year VA Refi 2022-06-30 5.41%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
AMERICAN PACIFIC MORTGAGE CORPORATION 3 3.25% $4,462
Gateway First Bank 3 3.08% $5,160
UNITED WHOLESALE MORTGAGE, LLC 2 3.10% $4,194
NATIONS RELIABLE LENDING, LLC 2 3.44% $4,860
QUICKEN LOANS, LLC 2 3.50% $3,817
CALIBER HOME LOANS, INC. 1 2.95% $5,269
CERTAINTY HOME LOANS, LLC 1 3.50% $3,221
CHURCHILL MORTGAGE CORPORATION 1 3.25% $6,193
DIRECTIONS EQUITY, LLC 1 3.00% $4,150
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.13% $4,985
AMCAP MORTGAGE, LTD. 1 3.75% $5,188
Hometown Lenders, Inc. 1 2.99% $5,597
LOANDEPOT.COM, LLC 1 3.50% $3,864
Mr. Cooper ( Nationstar Mortgage ) 1 3.25% $4,506
SECURITY SERVICE 1 2.88% $11,915
NETWORK CAPITAL FUNDING CORPORATION 1 4.50% $10,214
Paramount Residential Mortgage Group, Inc. 1 2.99% $6,523
21ST MORTGAGE CORPORATION 1 6.80% $7,406
RANDOLPH-BROOKS 1 3.00% $3,347
AMERICAN FINANCING CORPORATION 1 3.25% $3,111
BROKER SOLUTIONS, INC. 1 3.25% $2,943

Pearsall, TX's 21 lenders originated 160 loans during 2021. The total origination value was $27,760,000, with an average loan value of $173,500.

The top Pearsall lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with 3 loans originated. Their average total fees are $4,462, which is $698 lower than the next largest lender, Gateway First Bank.

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

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

Pearsall, 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
21ST MORTGAGE CORPORATION $4,260,000 $4,725,000 10.9% 17.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $905,000 $1,825,000 101.7% 6.6%
SECURITY SERVICE $520,000 $1,740,000 234.6% 6.3%
AMCAP MORTGAGE, LTD. $1,905,000 $1,615,000 -15.2% 5.8%
QUICKEN LOANS, LLC $875,000 $1,355,000 54.9% 4.9%
THRIVE MORTGAGE, LLC $640,000 $940,000 46.9% 3.4%
FREEDOM MORTGAGE CORPORATION $795,000 $865,000 8.8% 3.1%
SOUTHWEST STAGE FUNDING, LLC $390,000 $820,000 110.3% 3.0%
TRIAD FINANCIAL SERVICES, INC. $755,000 n/a 2.7%
The Bank of San Antonio $645,000 n/a 2.3%
Gateway First Bank $600,000 n/a 2.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $350,000 $570,000 62.9% 2.1%
NATIONS RELIABLE LENDING, LLC $1,040,000 $545,000 -47.6% 2.0%
CERTAINTY HOME LOANS, LLC $830,000 $535,000 -35.5% 1.9%
CROSSCOUNTRY MORTGAGE, LLC $495,000 n/a 1.8%
DIRECTIONS EQUITY, LLC $450,000 n/a 1.6%
Colonial Savings, F.A. $445,000 n/a 1.6%
CREDIT HUMAN FEDERAL CREDIT UNION $425,000 n/a 1.5%
ACADEMY MORTGAGE CORPORATION $420,000 $365,000 -13.1% 1.3%
LOANDEPOT.COM, LLC $365,000 n/a 1.3%
RANDOLPH-BROOKS $205,000 $360,000 75.6% 1.3%
GENEVA FINANCIAL, LLC $355,000 n/a 1.3%
LAKEVIEW LOAN SERVICING, LLC $350,000 n/a 1.3%
VILLAGE CAPITAL & INVESTMENT LLC $370,000 $335,000 -9.5% 1.2%
UNITED WHOLESALE MORTGAGE, LLC $290,000 n/a 1.0%
Amerifirst Financial, Inc. $260,000 n/a 0.9%
NEWREZ LLC $220,000 $250,000 13.6% 0.9%
Hometown Lenders, Inc. $245,000 n/a 0.9%
INTERLINC MORTGAGE SERVICES, LLC $445,000 $235,000 -47.2% 0.8%
UNITED BUILT HOMES, L.L.C. $565,000 $235,000 -58.4% 0.8%
CHURCHILL MORTGAGE CORPORATION $225,000 n/a 0.8%
GUARANTEED RATE, INC. $215,000 n/a 0.8%
Paramount Residential Mortgage Group, Inc. $185,000 $215,000 16.2% 0.8%
Lakeview Community Capital, LLC $205,000 n/a 0.7%
LOANPAL, LLC $205,000 n/a 0.7%
PENNYMAC LOAN SERVICES, LLC $475,000 $205,000 -56.8% 0.7%
FIRSTMARK $200,000 n/a 0.7%
CMG MORTGAGE, INC. $195,000 n/a 0.7%
GUILD MORTGAGE COMPANY $195,000 n/a 0.7%
NETWORK CAPITAL FUNDING CORPORATION $195,000 n/a 0.7%
PENTAGON FEDERAL CREDIT UNION $195,000 n/a 0.7%
Wells Fargo Bank $195,000 n/a 0.7%
Assurance Financial Group, L.L.C. $185,000 n/a 0.7%
PLANET HOME LENDING, LLC $105,000 $180,000 71.4% 0.6%
AMERICAN FINANCING CORPORATION $165,000 n/a 0.6%
BROKER SOLUTIONS, INC. $165,000 n/a 0.6%
Mortgage Research Center, LLC $265,000 $165,000 -37.7% 0.6%
SENTE MORTGAGE, INC. $165,000 n/a 0.6%
MOVEMENT MORTGAGE, LLC $165,000 $150,000 -9.1% 0.5%
CALIBER HOME LOANS, INC. $240,000 $145,000 -39.6% 0.5%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $125,000 n/a 0.5%
ENVOY MORTGAGE, LTD $125,000 n/a 0.5%
COUNTRYPLACE MORTGAGE, LTD. $115,000 n/a 0.4%
LONGBRIDGE FINANCIAL, LLC $115,000 n/a 0.4%
PILGRIM MORTGAGE LLC $115,000 n/a 0.4%
SUN WEST MORTGAGE COMPANY, INC. $115,000 n/a 0.4%
Mr. Cooper ( Nationstar Mortgage ) $230,000 $95,000 -58.7% 0.3%
VANDERBILT MORTGAGE AND FINANCE, INC. $275,000 $85,000 -69.1% 0.3%
CSL Financial, LLC $55,000 $55,000 0.0% 0.2%
TEXAS DOW EMPLOYEES CREDIT UNION $55,000 n/a 0.2%

Pearsall's top lender by overall market share is 21ST MORTGAGE CORPORATION, with 17.0% market share. In second place, with 6.6%, is AMERICAN PACIFIC MORTGAGE CORPORATION, having originated $1,825,000 in loans. In third place, with 6.3%, is SECURITY SERVICE, having originated $1,740,000 in loans. In third place, with 5.8%, is AMCAP MORTGAGE, LTD., having originated $1,615,000 in loans. In third place, with 4.9%, is QUICKEN LOANS, LLC, having originated $1,355,000 in loans.


Pearsall, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 107 $17,485,000 $163,411
Refi 43 $7,635,000 $177,558
Cash Out Refi 8 $2,420,000 $302,500
Home Improvement 1 $105,000 $105,000
Other 1 $115,000 $115,000

Pearsall's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Refi, with 43 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 59 $10,535,000 $178,559
2.5-3% 33 $7,985,000 $241,970
Over 8% 23 $2,355,000 $102,391
6-7% 13 $1,925,000 $148,077
<2.5% 10 $1,510,000 $151,000
7-8% 8 $1,090,000 $136,250
4-5% 6 $1,170,000 $195,000
5-6% 5 $535,000 $107,000

During 2021, Pearsall's most frequently originated rate bucket was 3-4%, with 59 originations.

Loan Sizing (Pearsall, TX MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 82 $12,400,000 $151,220
$100,000 or less 37 $2,405,000 $65,000
$200k-400k 35 $8,925,000 $255,000
$400k-600k 4 $1,900,000 $475,000
$600k-1000k 1 $645,000 $645,000
$Over $1MM 1 $1,485,000 $1,485,000

Pearsall's loan sizing saw the bucket of loans from $100k-200k with 82 originations, totaling $12,400,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 103 $17,395,000 $168,883
60-80% 21 $3,645,000 $173,571
40-60% 16 $3,640,000 $227,500
Over 100% 4 $830,000 $207,500
20-40% 3 $155,000 $51,667
Under 20% 3 $65,000 $21,667

Pearsall's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 103 originations, totaling $17,395,000 in origination value.