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 6.47% 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 6.49% and one month ago for the week of 2023-04-20, the average rate was 6.59%.

Pearsall's average rate one year ago was 5.35%.

For refis of the same type during the week of 2023-05-25, the average rate was 7.17%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-05-25 6.57%
Pearsall 30 Year Fixed Rate 2023-05-25 6.47%
Pearsall 30 Year Fixed Rate Refi 2023-05-25 7.17%
Pearsall 15 Year Fixed Rate 2023-05-25 5.97%
Pearsall 15 Year Fixed Rate Refi 2023-05-25 6.37%
Pearsall 30 Year FHA 2023-05-25 6.81%
Pearsall 30 Year FHA Refi 2023-05-25 6.81%
Pearsall 30 Year USDA 2023-05-25 6.43%
Pearsall 30 Year USDA Refi 2023-05-25 6.43%
Pearsall 30 Year VA 2023-05-25 6.51%
Pearsall 30 Year VA Refi 2023-05-25 6.61%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
MUTUAL OF OMAHA MORTGAGE, INC. 3 4.58% $4,605
Gateway First Bank 2 5.44% $12,194
QUICKEN LOANS, LLC 2 5.25% $6,505
CARDINAL FINANCIAL 2 4.93% $11,911
SECURITY SERVICE 2 5.38% $2,544
CERTAINTY HOME LOANS, LLC 2 4.80% $7,880
UNITED WHOLESALE MORTGAGE, LLC 2 5.81% $9,777
Bank of America 2 5.38% $7,207
21ST MORTGAGE CORPORATION 2 5.80% $8,079
Mr. Cooper ( Nationstar Mortgage ) 1 3.38% $4,529
NAVY FEDERAL CREDIT UNION 1 6.63% $2,497
Network Funding, L.P. 1 6.38% $9,730
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.88% $10,623
RANDOLPH-BROOKS 1 4.50% $1,175
SWBC MORTGAGE CORPORATION 1 4.59% $12,209
THRIVE MORTGAGE, LLC 1 4.25% $15,808
Wells Fargo Bank 1 7.13% $5,070
AMCAP MORTGAGE, LTD. 1 4.49% $6,561
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.38% $7,218
BROKER SOLUTIONS, INC. 1 6.60% $7,415
Flagstar Bank, FSB 1 6.89% $5,956
HANCOCK MORTGAGE PARTNERS, LLC 1 4.25% $4,663
HOMESIDE FINANCIAL, LLC 1 3.50% $8,493
Jefferson Bank 1 5.00% $6,259
LOANDEPOT.COM, LLC 1 5.50% $5,162

Pearsall Average Closing Costs & Other Stats

Pearsall, TX's 25 lenders originated 142 loans during 2022. The total origination value was $30,800,000, with an average loan value of $216,901.

Pearsall's average closing costs are $6,512.

The top Pearsall lender as defined by loan originations is MUTUAL OF OMAHA MORTGAGE, INC., with 3 loans originated. Their average total fees are $4,605, which is $7,590 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 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
21ST MORTGAGE CORPORATION $4,725,000 $4,425,000 -6.3% 14.4%
American State Bank $3,250,000 n/a 10.6%
SOUTHWEST STAGE FUNDING, LLC $820,000 $1,445,000 76.2% 4.7%
THRIVE MORTGAGE, LLC $940,000 $1,330,000 41.5% 4.3%
Sullivan Bank $1,105,000 n/a 3.6%
AMERICAN PACIFIC MORTGAGE CORPORATION $1,825,000 $1,045,000 -42.7% 3.4%
TRIAD FINANCIAL SERVICES, INC. $755,000 $1,020,000 35.1% 3.3%
SECURITY SERVICE $1,740,000 $935,000 -46.3% 3.0%
QUICKEN LOANS, LLC $1,355,000 $915,000 -32.5% 3.0%
Mortgage Research Center, LLC $165,000 $865,000 424.2% 2.8%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $125,000 $860,000 588.0% 2.8%
AMCAP MORTGAGE, LTD. $1,615,000 $835,000 -48.3% 2.7%
Gateway First Bank $600,000 $690,000 15.0% 2.2%
CERTAINTY HOME LOANS, LLC $535,000 $665,000 24.3% 2.2%
UNITED WHOLESALE MORTGAGE, LLC $290,000 $635,000 119.0% 2.1%
DIRECTIONS EQUITY, LLC $450,000 $595,000 32.2% 1.9%
MUTUAL OF OMAHA MORTGAGE, INC. $485,000 n/a 1.6%
Prosperity Bank $485,000 n/a 1.6%
Network Funding, L.P. $405,000 n/a 1.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $570,000 $395,000 -30.7% 1.3%
PLAZA HOME MORTGAGE, INC. $385,000 n/a 1.3%
SWBC MORTGAGE CORPORATION $385,000 n/a 1.3%
RANDOLPH-BROOKS $360,000 $375,000 4.2% 1.2%
AMERICAN FINANCIAL RESOURCES, INC. $355,000 n/a 1.2%
AMERICAN HOMESTAR MORTGAGE, L.L.C. $335,000 n/a 1.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $315,000 n/a 1.0%
NEWREZ LLC $250,000 $310,000 24.0% 1.0%
CALIBER HOME LOANS, INC. $145,000 $305,000 110.3% 1.0%
NAVY FEDERAL CREDIT UNION $305,000 n/a 1.0%
UNITED BUILT HOMES, L.L.C. $235,000 $305,000 29.8% 1.0%
North American Savings Bank, F.S.B. $285,000 n/a 0.9%
Bank of America $280,000 n/a 0.9%
Mr. Cooper ( Nationstar Mortgage ) $95,000 $280,000 194.7% 0.9%
INTERLINC MORTGAGE SERVICES, LLC $235,000 $275,000 17.0% 0.9%
SOUTHWEST FUNDING, LP $265,000 n/a 0.9%
CSL Financial, LLC $55,000 $225,000 309.1% 0.7%
Colonial Savings, F.A. $445,000 $215,000 -51.7% 0.7%
FBC MORTGAGE, LLC $215,000 n/a 0.7%
PRIMELENDING, A PLAINSCAPITAL COMPANY $205,000 n/a 0.7%
Nations Lending Corporation $195,000 n/a 0.6%
CANOPY MORTGAGE, LLC $185,000 n/a 0.6%
HOMESPIRE MORTGAGE CORPORATION $185,000 n/a 0.6%
MOVEMENT MORTGAGE, LLC $150,000 $185,000 23.3% 0.6%
HOMESIDE FINANCIAL, LLC $175,000 n/a 0.6%
Jefferson Bank $175,000 n/a 0.6%
UNION HOME MORTGAGE CORP. $175,000 n/a 0.6%
COUNTRYPLACE MORTGAGE, LTD. $115,000 $165,000 43.5% 0.5%
Flagstar Bank, FSB $165,000 n/a 0.5%
LOANDEPOT.COM, LLC $365,000 $165,000 -54.8% 0.5%
CHURCHILL MORTGAGE CORPORATION $225,000 $155,000 -31.1% 0.5%
Wells Fargo Bank $195,000 $145,000 -25.6% 0.5%
HANCOCK MORTGAGE PARTNERS, LLC $135,000 n/a 0.4%
PENNYMAC LOAN SERVICES, LLC $205,000 $135,000 -34.1% 0.4%
FIRSTMARK $200,000 $120,000 -40.0% 0.4%
BROKER SOLUTIONS, INC. $165,000 $105,000 -36.4% 0.3%
CREDIT HUMAN FEDERAL CREDIT UNION $425,000 $85,000 -80.0% 0.3%
GULF COAST $65,000 n/a 0.2%
JPMorgan Chase Bank $45,000 n/a 0.1%
International Bank of Commerce $35,000 n/a 0.1%

Pearsall's top lender by overall market share is 21ST MORTGAGE CORPORATION, with 14.4% market share. In second place, with 10.6%, is American State Bank, having originated $3,250,000 in loans. In third place, with 4.7%, is SOUTHWEST STAGE FUNDING, LLC, having originated $1,445,000 in loans. In fourth place, with 4.3%, is THRIVE MORTGAGE, LLC, having originated $1,330,000 in loans. In fifth place, with 3.6%, is Sullivan Bank, having originated $1,105,000 in loans.

Pearsall, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 102 $23,460,000 $230,000
Refi 18 $4,670,000 $259,444
Cash Out Refi 15 $2,025,000 $135,000
Other 6 $590,000 $98,333
Home Improvement 1 $55,000 $55,000

Pearsall's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Refi, with 18 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
4-5% 30 $7,520,000 $250,667
5-6% 28 $6,460,000 $230,714
6-7% 25 $4,905,000 $196,200
Over 8% 19 $2,375,000 $125,000
3-4% 16 $3,130,000 $195,625
7-8% 14 $2,260,000 $161,429
2.5-3% 6 $890,000 $148,333
<2.5% 1 $5,000 $5,000

During 2022, Pearsall's most frequently originated rate bucket was 4-5%, with 30 originations.

Loan Sizing (Pearsall, TX MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 56 $15,140,000 $270,357
$100k-200k 50 $7,860,000 $157,200
$100,000 or less 30 $1,910,000 $63,667
$400k-600k 4 $1,900,000 $475,000
$Over $1MM 2 $3,990,000 $1,995,000

Pearsall's loan sizing saw the bucket of loans from $200k-400k with 56 originations, totaling $15,140,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 88 $18,230,000 $207,159
60-80% 17 $2,855,000 $167,941
40-60% 15 $2,095,000 $139,667
Over 100% 9 $2,445,000 $271,667
20-40% 5 $1,575,000 $315,000
Under 20% 5 $125,000 $25,000

Pearsall's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 88 originations, totaling $18,230,000 in origination value.