Port Lavaca Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Port Lavaca averaged 6.77% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.78% and one month ago for the week of 2024-10-10, the average rate was 6.31%.

    Port Lavaca's average rate one year ago was 7.89%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.28%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Port Lavaca 30 Year Fixed Rate 2024-11-14 6.77%
    Port Lavaca 30 Year Fixed Rate Refi 2024-11-14 7.28%
    Port Lavaca 15 Year Fixed Rate 2024-11-14 6.09%
    Port Lavaca 15 Year Fixed Rate Refi 2024-11-14 6.49%
    Port Lavaca 30 Year FHA 2024-11-14 0%
    Port Lavaca 30 Year FHA Refi 2024-11-14 0.2%
    Port Lavaca 30 Year USDA 2024-11-14 -0.1%
    Port Lavaca 30 Year USDA Refi 2024-11-14 -0.2%
    Port Lavaca 30 Year VA 2024-11-14 0.2%
    Port Lavaca 30 Year VA Refi 2024-11-14 -0.2%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Port Lavaca, TX.

    Port Lavaca 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 Port Lavaca, 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
    Prosperity Bank 12 6.24% $5,035
    QUICKEN LOANS, LLC 10 7.07% $6,957
    TEXAS DOW EMPLOYEES CREDIT UNION 9 7.67% $5,157
    UNITED WHOLESALE MORTGAGE, LLC 7 7.12% $8,140
    Wallick & Volk, Inc. 4 6.81% $9,347
    AMCAP MORTGAGE, LTD. 2 7.31% $17,420
    Zions Bank 2 6.94% $6,846
    First Financial Bank 2 7.50% $5,399
    DRAPER AND KRAMER MORTGAGE CORP. 2 7.63% $9,625
    Wells Fargo Bank 2 6.56% $5,403
    JPMorgan Chase Bank 2 6.38% $7,498
    International Bank of Commerce 1 6.13% $4,505
    A&D Mortgage LLC 1 8.88% $25,662
    MORTGAGE FINANCIAL SERVICES, LLC 1 5.99% $16,111
    NAVY FEDERAL CREDIT UNION 1 5.75% $7,416
    RANDOLPH-BROOKS 1 7.00% $770
    SFMC, LP 1 7.63% $7,866
    SOUTHWEST STAGE FUNDING, LLC 1 6.75% $9,014
    TEXAS BAY 1 6.75% $5,242
    THRIVE MORTGAGE, LLC 1 6.88% $15,884
    WESTSTAR MORTGAGE CORPORATION 1 7.50% $8,514
    ZILLOW HOME LOANS, LLC 1 6.63% $4,147
    LOANDEPOT.COM, LLC 1 3.38% $4,453
    Affiliated Bank 1 6.50% $7,331
    American Bank of Commerce 1 7.13% $6,213
    AmeriHome Mortgage Company, LLC 1 7.38% $7,792
    AMERISAVE MORTGAGE CORPORATION 1 6.99% $6,251
    ARC HOME LLC 1 8.63% $16,537
    DAS Acquisition Company, LLC 1 7.13% $5,581
    FIRST COMMUNITY MORTGAGE, INC. 1 6.13% $3,582
    First United Bank and Trust Company 1 6.75% $5,242
    GARDNER FINANCIAL SERVICES, LTD. 1 8.25% $6,650
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.63% $5,557

    Port Lavaca Average Closing Costs & Other Stats

    Port Lavaca, TX's 33 lenders originated 230 loans during 2023. The total origination value was $53,510,000, with an average loan value of $232,652.

    Port Lavaca's average closing costs are $6,060.

    The top Port Lavaca lender as defined by loan originations is Prosperity Bank, with 12 loans originated. Their average total fees are $5,035, which is $1,922 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Port Lavaca lenders (with over 10 loans originated) are Prosperity Bank ($5,035), QUICKEN LOANS, LLC ($6,957), .

    The lowest rate Port Lavaca lenders (with over 10 loans originated) are Prosperity Bank (6.24%), QUICKEN LOANS, LLC (7.07%), .

    Port Lavaca, 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
    Prosperity Bank $9,450,000 $9,605,000 1.6% 17.9%
    First National Bank in Port Lavaca $20,690,000 $6,590,000 -68.1% 12.3%
    UNITED WHOLESALE MORTGAGE, LLC $2,605,000 $4,070,000 56.2% 7.6%
    Wallick & Volk, Inc. $2,125,000 $3,050,000 43.5% 5.7%
    TEXAS DOW EMPLOYEES CREDIT UNION $4,750,000 $2,515,000 -47.1% 4.7%
    QUICKEN LOANS, LLC $4,250,000 $2,255,000 -46.9% 4.2%
    A&D Mortgage LLC $1,405,000 n/a 2.6%
    21ST MORTGAGE CORPORATION $1,130,000 $1,390,000 23.0% 2.6%
    AMCAP MORTGAGE, LTD. $2,525,000 $1,325,000 -47.5% 2.5%
    Zions Bank $1,005,000 $1,210,000 20.4% 2.3%
    FIRST STATE BANK $1,030,000 n/a 1.9%
    DRAPER AND KRAMER MORTGAGE CORP. $430,000 $1,025,000 138.4% 1.9%
    The First Liberty National Bank $1,010,000 n/a 1.9%
    Gateway First Bank $345,000 $935,000 171.0% 1.7%
    JPMorgan Chase Bank $885,000 $730,000 -17.5% 1.4%
    Crossroads Bank $565,000 n/a 1.1%
    Texas Capital Bank $555,000 n/a 1.0%
    CARDINAL FINANCIAL $530,000 $550,000 3.8% 1.0%
    First Financial Bank $530,000 n/a 1.0%
    LOANDEPOT.COM, LLC $825,000 $515,000 -37.6% 1.0%
    Mortgage Research Center, LLC $400,000 $460,000 15.0% 0.9%
    CALCON MUTUAL MORTGAGE LLC $440,000 n/a 0.8%
    SOUTHWEST STAGE FUNDING, LLC $435,000 n/a 0.8%
    Hometown Equity Mortgage, LLC $405,000 n/a 0.8%
    MORTGAGE FINANCIAL SERVICES, LLC $280,000 $405,000 44.6% 0.8%
    WESTSTAR MORTGAGE CORPORATION $410,000 $405,000 -1.2% 0.8%
    ARC HOME LLC $385,000 n/a 0.7%
    TRIAD FINANCIAL SERVICES, INC. $340,000 $385,000 13.2% 0.7%
    AUSTIN COUNTY STATE BANK $355,000 n/a 0.7%
    Bank of America $195,000 $335,000 71.8% 0.6%
    FBC MORTGAGE, LLC $335,000 n/a 0.6%
    American Bank $325,000 n/a 0.6%
    GSF Mortgage Corporation $325,000 n/a 0.6%
    FREEDOM MORTGAGE CORPORATION $305,000 n/a 0.6%
    THRIVE MORTGAGE, LLC $755,000 $305,000 -59.6% 0.6%
    PLAZA HOME MORTGAGE, INC. $275,000 n/a 0.5%
    Wells Fargo Bank $1,240,000 $260,000 -79.0% 0.5%
    American Bank of Commerce $245,000 n/a 0.5%
    InterBank $415,000 $235,000 -43.4% 0.4%
    The Bank & Trust $235,000 n/a 0.4%
    Affiliated Bank $225,000 n/a 0.4%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $75,000 $225,000 200.0% 0.4%
    Newfirst National Bank $225,000 n/a 0.4%
    The Falls City National Bank $225,000 n/a 0.4%
    AMERICAN PACIFIC MORTGAGE CORPORATION $220,000 n/a 0.4%
    First-Lockhart National Bank $215,000 n/a 0.4%
    PENNYMAC LOAN SERVICES, LLC $710,000 $205,000 -71.1% 0.4%
    SouthStar Bank, S.S.B. $205,000 n/a 0.4%
    COUNTRYPLACE MORTGAGE, LTD. $115,000 $200,000 73.9% 0.4%
    Equity Prime Mortgage LLC $200,000 n/a 0.4%
    GARDNER FINANCIAL SERVICES, LTD. $185,000 n/a 0.3%
    EVERETT FINANCIAL, INC. $540,000 $175,000 -67.6% 0.3%
    International Bank of Commerce $130,000 $175,000 34.6% 0.3%
    AmeriHome Mortgage Company, LLC $565,000 $165,000 -70.8% 0.3%
    LIMA ONE CAPITAL, LLC $165,000 n/a 0.3%
    WILLOW BEND MORTGAGE COMPANY, LLC $165,000 $165,000 0.0% 0.3%
    ZILLOW HOME LOANS, LLC $570,000 $165,000 -71.1% 0.3%
    CMG MORTGAGE, INC. $870,000 $160,000 -81.6% 0.3%
    The Loan Store, Inc. $160,000 n/a 0.3%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $155,000 n/a 0.3%
    NAVY FEDERAL CREDIT UNION $145,000 n/a 0.3%
    RANDOLPH-BROOKS $680,000 $145,000 -78.7% 0.3%
    TEXAS BAY $145,000 n/a 0.3%
    DAS Acquisition Company, LLC $135,000 n/a 0.3%
    First United Bank and Trust Company $135,000 n/a 0.3%
    Flagstar Bank, FSB $125,000 n/a 0.2%
    LENDINGHOME FUNDING CORPORATION $125,000 n/a 0.2%
    FIRST COMMUNITY MORTGAGE, INC. $115,000 n/a 0.2%
    GUILD MORTGAGE COMPANY $230,000 $115,000 -50.0% 0.2%
    AMERISAVE MORTGAGE CORPORATION $145,000 $105,000 -27.6% 0.2%
    RF Renovo Management Company, LLC $105,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $125,000 $105,000 -16.0% 0.2%
    GUARANTEED RATE, INC. $225,000 $95,000 -57.8% 0.2%
    Frost Bank $125,000 $75,000 -40.0% 0.1%
    SFMC, LP $75,000 n/a 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $125,000 $55,000 -56.0% 0.1%

    Port Lavaca's top lender by overall market share is Prosperity Bank, with 17.9% market share. In second place, with 12.3%, is First National Bank in Port Lavaca, having originated $6,590,000 in loans. In third place, with 7.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $4,070,000 in loans. In fourth place, with 5.7%, is Wallick & Volk, Inc., having originated $3,050,000 in loans. In fifth place, with 4.7%, is TEXAS DOW EMPLOYEES CREDIT UNION, having originated $2,515,000 in loans.

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

    Realtor.com - Port Lavaca (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 $228,900 (9.9%) $305,282 (-2.4%) 0.00 138
    2018-02-01 $244,650 (13.8%) $326,422 (1.1%) 0.00 133
    2018-03-01 $249,000 (19.6%) $344,332 (9.8%) 0.00 136
    2018-04-01 $254,988 (16.0%) $344,752 (9.3%) 0.00 145
    2018-05-01 $253,000 (12.4%) $338,534 (8.6%) 0.00 160
    2018-06-01 $257,450 (14.4%) $345,837 (11.4%) 0.00 183
    2018-07-01 $259,450 (18.0%) $365,161 (17.5%) 0.00 182
    2018-08-01 $273,450 (29.0%) $377,630 (27.0%) 0.00 172
    2018-09-01 $274,950 (37.7%) $359,206 (26.5%) 0.00 165
    2018-10-01 $274,500 (40.5%) $360,695 (34.9%) 0.00 161
    2018-11-01 $278,225 (28.7%) $356,341 (27.4%) 0.00 154
    2018-12-01 $262,400 (16.6%) $331,003 (15.0%) 0.00 154
    2019-01-01 $260,000 (13.6%) $329,184 (7.8%) 0.00 143
    2019-02-01 $260,000 (6.3%) $329,274 (0.9%) 0.00 148
    2019-03-01 $263,857 (6.0%) $327,487 (-4.9%) 0.00 144
    2019-04-01 $269,450 (5.7%) $330,029 (-4.3%) 0.00 142
    2019-05-01 $257,000 (1.6%) $324,008 (-4.3%) 0.00 145
    2019-06-01 $254,000 (-1.3%) $332,031 (-4.0%) 0.00 144
    2019-07-01 $249,900 (-3.7%) $324,876 (-11.0%) 0.00 147
    2019-08-01 $249,077 (-8.9%) $332,185 (-12.0%) 0.00 144
    2019-09-01 $243,943 (-11.3%) $327,575 (-8.8%) 0.00 141
    2019-10-01 $239,950 (-12.6%) $323,300 (-10.4%) 0.00 138
    2019-11-01 $249,700 (-10.3%) $324,807 (-8.9%) 0.00 138
    2019-12-01 $236,975 (-9.7%) $318,615 (-3.7%) 0.00 133
    2020-01-01 $230,000 (-11.5%) $310,358 (-5.7%) 0.00 124
    2020-02-01 $244,450 (-6.0%) $346,672 (5.3%) 0.00 112
    2020-03-01 $257,950 (-2.2%) $357,579 (9.2%) 0.00 120
    2020-04-01 $270,725 (0.5%) $361,911 (9.7%) 0.00 119
    2020-05-01 $269,900 (5.0%) $367,354 (13.4%) 0.00 116
    2020-06-01 $251,250 (-1.1%) $358,619 (8.0%) 0.00 114
    2020-07-01 $251,250 (0.5%) $405,260 (24.7%) 0.00 109
    2020-08-01 $249,900 (0.3%) $394,063 (18.6%) 0.00 97
    2020-09-01 $249,950 (2.5%) $413,222 (26.2%) 0.00 87
    2020-10-01 $262,500 (9.4%) $407,386 (26.0%) 0.00 82
    2020-11-01 $261,250 (4.6%) $425,137 (30.9%) 0.00 82
    2020-12-01 $249,000 (5.1%) $402,257 (26.3%) 0.00 83
    2021-01-01 $249,950 (8.7%) $423,796 (36.6%) 0.00 77
    2021-02-01 $245,000 (0.2%) $418,483 (20.7%) 0.00 71
    2021-03-01 $279,750 (8.5%) $454,208 (27.0%) 0.00 69
    2021-04-01 $253,750 (-6.3%) $427,033 (18.0%) 0.00 65
    2021-05-01 $274,900 (1.9%) $423,269 (15.2%) 0.00 65
    2021-06-01 $283,600 (12.9%) $463,951 (29.4%) 0.00 65
    2021-07-01 $292,450 (16.4%) $389,617 (-3.9%) 0.00 57
    2021-08-01 $286,175 (14.5%) $354,719 (-10.0%) 0.00 56
    2021-09-01 $287,000 (14.8%) $359,836 (-12.9%) 0.00 64
    2021-10-01 $280,500 (6.9%) $346,663 (-14.9%) 0.00 67
    2021-11-01 $251,200 (-3.9%) $329,559 (-22.5%) 0.00 65
    2021-12-01 $236,225 (-5.1%) $313,247 (-22.1%) 0.00 68
    2022-01-01 $257,450 (3.0%) $312,536 (-26.3%) 0.00 61
    2022-02-01 $229,000 (-6.5%) $270,238 (-35.4%) 0.00 53
    2022-03-01 $250,750 (-10.4%) $330,159 (-27.3%) 0.00 56
    2022-04-01 $294,450 (16.0%) $365,639 (-14.4%) 0.00 58
    2022-05-01 $289,000 (5.1%) $360,649 (-14.8%) 0.00 57
    2022-06-01 $290,500 (2.4%) $354,613 (-23.6%) 0.00 61
    2022-07-01 $319,000 (9.1%) $422,905 (8.5%) 0.00 69
    2022-08-01 $312,000 (9.0%) $415,591 (17.2%) 0.00 70
    2022-09-01 $277,450 (-3.3%) $403,661 (12.2%) 0.00 86
    2022-10-01 $298,500 (6.4%) $423,272 (22.1%) 0.00 81
    2022-11-01 $327,000 (30.2%) $453,790 (37.7%) 0.00 79
    2022-12-01 $317,000 (34.2%) $450,582 (43.8%) 0.00 80
    2023-01-01 $308,750 (19.9%) $450,499 (44.1%) 0.00 82
    2023-02-01 $299,000 (30.6%) $433,191 (60.3%) 0.00 82
    2023-03-01 $307,500 (22.6%) $430,712 (30.5%) 0.00 83
    2023-04-01 $299,000 (1.6%) $402,131 (10.0%) 0.00 93
    2023-05-01 $304,975 (5.5%) $415,212 (15.1%) 0.00 96
    2023-06-01 $335,000 (15.3%) $445,707 (25.7%) 0.00 95
    2023-07-01 $327,000 (2.5%) $419,957 (-0.7%) 0.00 103
    2023-08-01 $317,250 (1.7%) $403,842 (-2.8%) 0.00 102
    2023-09-01 $322,000 (16.1%) $396,774 (-1.7%) 0.00 115
    2023-10-01 $316,000 (5.9%) $412,719 (-2.5%) 0.00 116
    2023-11-01 $325,250 (-0.5%) $433,704 (-4.4%) 0.00 115
    2023-12-01 $325,000 (2.5%) $428,319 (-4.9%) 0.00 103
    2024-01-01 $313,500 (1.5%) $419,206 (-7.0%) 0.00 110
    2024-02-01 $311,475 (4.2%) $415,522 (-4.1%) 0.00 109
    2024-03-01 $339,500 (10.4%) $443,015 (2.9%) 0.00 114
    2024-04-01 $346,450 (15.9%) $438,929 (9.2%) 0.00 136
    2024-05-01 $357,000 (17.1%) $425,503 (2.5%) 0.00 155
    2024-06-01 $340,000 (1.5%) $413,891 (-7.1%) 0.00 158
    2024-07-01 $367,375 (12.4%) $432,429 (3.0%) 0.00 162
    2024-08-01 $353,725 (11.5%) $426,504 (5.6%) 0.00 151
    2024-09-01 $357,425 (11.0%) $458,461 (15.6%) 0.00 151
    2024-10-01 $349,950 (10.7%) $444,648 (7.7%) 0.00 155
    Port Lavaca's median listing price for 2024-10-01 was $349,950, a difference of $33,950 (10.7%) versus the prior year and $-7,475 versus the prior month.

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

    Port Lavaca's average listing price for 2024-10-01 was $444,648, a difference of $31,929 (7.7%) versus the prior year and $-13,813 versus the prior month.

    For the 2024-10-01 period, Port Lavaca had 155 MLS listings, a difference of 4 listings (3%) versus the prior month and 39 listings (34%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Port Lavaca (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,601 sqft
    2018-02-01 0 days 1,679 sqft
    2018-03-01 0 days 1,736 sqft
    2018-04-01 0 days 1,768 sqft
    2018-05-01 0 days 1,718 sqft
    2018-06-01 0 days 1,793 sqft
    2018-07-01 0 days 1,785 sqft
    2018-08-01 0 days 1,795 sqft
    2018-09-01 0 days 1,800 sqft
    2018-10-01 0 days 1,793 sqft
    2018-11-01 0 days 1,807 sqft
    2018-12-01 0 days 1,700 sqft
    2019-01-01 0 days 1,699 sqft
    2019-02-01 0 days 1,697 sqft
    2019-03-01 0 days 1,672 sqft
    2019-04-01 0 days 1,644 sqft
    2019-05-01 0 days 1,621 sqft
    2019-06-01 0 days 1,583 sqft
    2019-07-01 0 days 1,577 sqft
    2019-08-01 0 days 1,576 sqft
    2019-09-01 0 days 1,563 sqft
    2019-10-01 0 days 1,534 sqft
    2019-11-01 0 days 1,565 sqft
    2019-12-01 0 days 1,543 sqft
    2020-01-01 0 days 1,549 sqft
    2020-02-01 0 days 1,620 sqft
    2020-03-01 0 days 1,780 sqft
    2020-04-01 0 days 1,796 sqft
    2020-05-01 0 days 1,854 sqft
    2020-06-01 0 days 1,800 sqft
    2020-07-01 0 days 1,773 sqft
    2020-08-01 0 days 1,800 sqft
    2020-09-01 0 days 1,729 sqft
    2020-10-01 0 days 1,649 sqft
    2020-11-01 0 days 1,667 sqft
    2020-12-01 0 days 1,639 sqft
    2021-01-01 0 days 1,792 sqft
    2021-02-01 0 days 1,796 sqft
    2021-03-01 0 days 1,722 sqft
    2021-04-01 0 days 1,496 sqft
    2021-05-01 0 days 1,600 sqft
    2021-06-01 0 days 1,787 sqft
    2021-07-01 0 days 1,712 sqft
    2021-08-01 0 days 1,737 sqft
    2021-09-01 0 days 1,593 sqft
    2021-10-01 0 days 1,600 sqft
    2021-11-01 0 days 1,438 sqft
    2021-12-01 0 days 1,453 sqft
    2022-01-01 0 days 1,528 sqft
    2022-02-01 0 days 1,581 sqft
    2022-03-01 0 days 1,631 sqft
    2022-04-01 0 days 1,628 sqft
    2022-05-01 0 days 1,748 sqft
    2022-06-01 0 days 1,714 sqft
    2022-07-01 0 days 1,620 sqft
    2022-08-01 0 days 1,631 sqft
    2022-09-01 0 days 1,611 sqft
    2022-10-01 0 days 1,616 sqft
    2022-11-01 0 days 1,630 sqft
    2022-12-01 0 days 1,690 sqft
    2023-01-01 0 days 1,728 sqft
    2023-02-01 0 days 1,718 sqft
    2023-03-01 0 days 1,740 sqft
    2023-04-01 0 days 1,642 sqft
    2023-05-01 0 days 1,633 sqft
    2023-06-01 0 days 1,688 sqft
    2023-07-01 0 days 1,634 sqft
    2023-08-01 0 days 1,635 sqft
    2023-09-01 0 days 1,620 sqft
    2023-10-01 0 days 1,626 sqft
    2023-11-01 0 days 1,704 sqft
    2023-12-01 0 days 1,668 sqft
    2024-01-01 0 days 1,705 sqft
    2024-02-01 0 days 1,671 sqft
    2024-03-01 0 days 1,780 sqft
    2024-04-01 0 days 1,763 sqft
    2024-05-01 0 days 1,681 sqft
    2024-06-01 0 days 1,662 sqft
    2024-07-01 0 days 1,672 sqft
    2024-08-01 0 days 1,660 sqft
    2024-09-01 0 days 1,642 sqft
    2024-10-01 0 days 1,633 sqft
    Port Lavaca's median listing age (time on market) for 2024-10-01 was 0 days.

    Port Lavaca's median square footage for active listings during the 2024-10-01 period was 1,633 sqft. One year prior, the average listing was 1,626 sqft.

    Port Lavaca, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 181 $43,405,000 $239,807
    Refi 19 $4,425,000 $232,895
    Cash Out Refi 13 $2,745,000 $211,154
    Other 10 $1,970,000 $197,000
    Home Improvement 7 $965,000 $137,857

    Port Lavaca's most frequently cited loan purpose was Home Purchase, with 181 originations. The 2nd most popular reason was Refi, with 19 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 70 $19,760,000 $282,286
    7-8% 48 $10,260,000 $213,750
    Over 8% 34 $6,500,000 $191,176
    5-6% 18 $4,650,000 $258,333
    <2.5% 2 $10,000 $5,000
    4-5% 1 $535,000 $535,000
    3-4% 1 $255,000 $255,000

    During 2023, Port Lavaca's most frequently originated rate bucket was 6-7%, with 70 originations.

    Loan Sizing (Port Lavaca, TX MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 88 $12,790,000 $145,341
    $200k-400k 75 $20,905,000 $278,733
    $100,000 or less 43 $2,995,000 $69,651
    $400k-600k 19 $9,235,000 $486,053
    $600k-1000k 3 $2,125,000 $708,333
    $Over $1MM 2 $5,460,000 $2,730,000

    Port Lavaca's loan sizing saw the bucket of loans from $100k-200k with 88 originations, totaling $12,790,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 104 $24,060,000 $231,346
    60-80% 41 $9,825,000 $239,634
    40-60% 11 $5,615,000 $510,455
    20-40% 8 $870,000 $108,750
    Over 100% 5 $1,045,000 $209,000
    Under 20% 5 $155,000 $31,000

    Port Lavaca's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 104 originations, totaling $24,060,000 in origination value.