Port Lavaca Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Port Lavaca averaged 7.1% for the week of 2022-11-23, compared to the national average of 6.58% for the same period.

The average rate for the prior week (2022-11-17) was 7.03% and one month ago for the week of 2022-10-20, the average rate was 7.46%.

Port Lavaca's average rate one year ago was 3.6%.

For refis of the same type during the week of 2022-11-23, the average rate was 6.78%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-11-23 6.58%
Port Lavaca 30 Year Fixed Rate 2022-11-23 7.1%
Port Lavaca 30 Year Fixed Rate Refi 2022-11-23 6.78%
Port Lavaca 15 Year Fixed Rate 2022-11-23 6.56%
Port Lavaca 15 Year Fixed Rate Refi 2022-11-23 6.19%
Port Lavaca 30 Year FHA 2022-11-23 0.05%
Port Lavaca 30 Year FHA Refi 2022-11-23 0.4%
Port Lavaca 30 Year USDA 2022-11-23 0.01%
Port Lavaca 30 Year VA 2022-11-23 0.63%
Port Lavaca 30 Year VA Refi 2022-11-23 0.1%
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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
TEXAS DOW EMPLOYEES CREDIT UNION 25 3.74% $4,909
QUICKEN LOANS, LLC 16 3.17% $3,957
Wallick & Volk, Inc. 12 3.21% $5,229
Prosperity Bank 7 3.30% $3,552
UNITED WHOLESALE MORTGAGE, LLC 5 3.11% $3,232
Wells Fargo Bank 4 3.13% $3,932
AMERISAVE MORTGAGE CORPORATION 4 3.22% $6,132
Network Funding, L.P. 3 3.38% $4,608
AMCAP MORTGAGE, LTD. 3 3.46% $7,819
LOANDEPOT.COM, LLC 3 2.96% $4,782
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 3.54% $8,109
SECURITY SERVICE 2 2.88% $3,775
JPMorgan Chase Bank 2 3.12% $5,087
THRIVE MORTGAGE, LLC 2 3.13% $6,365
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 3.93% $4,800
Gateway First Bank 2 3.13% $3,068
Citizens Bank 2 3.00% $4,567
HOMETRUST MORTGAGE COMPANY 2 3.56% $3,929
GUILD MORTGAGE COMPANY 2 3.38% $5,847
Midwest Mortgage Associates Corporation 1 3.00% $4,745
MORTGAGE FINANCIAL SERVICES, LLC 1 2.88% $6,608
MOVEMENT MORTGAGE, LLC 1 2.99% $8,317
NAVY FEDERAL CREDIT UNION 1 3.25% $2,052
PENNYMAC LOAN SERVICES, LLC 1 3.38% $16,686
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.50% $6,064
PROVIDENT FUNDING ASSOCIATES, L.P. 1 3.25% $4,611
Republic State Mortgage Co. 1 2.75% $9,437
ROYAL UNITED MORTGAGE LLC 1 3.25% $8,508
SENTE MORTGAGE, INC. 1 3.13% $6,673
SWBC MORTGAGE CORPORATION 1 3.63% $5,839
The Home Loan Expert LLC 1 3.50% $5,044
Truist 1 3.30% $3,247
A&D Mortgage LLC 1 3.63% $4,913
Zions Bancorporation, N.A. 1 2.38% $8,425
AMERICAN FINANCIAL RESOURCES, INC. 1 3.38% $3,801
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.25% $5,409
AMERICA'S CHOICE HOME LOANS LP 1 3.13% $4,550
BETTER MORTGAGE CORPORATION 1 2.25% $7,574
CALIBER HOME LOANS, INC. 1 2.99% $2,527
Carrington Mortgage Services, LLC 1 3.25% $6,358
CMG MORTGAGE, INC. 1 2.88% $6,595
CROSSCOUNTRY MORTGAGE, LLC 1 4.13% $5,819
First Bank 1 3.50% $4,552
FIRST CENTENNIAL MORTGAGE CORPORATION 1 3.50% $3,888
Flagstar Bank, FSB 1 2.88% $4,302
FREEDOM MORTGAGE CORPORATION 1 3.25% $6,311
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.88% $3,597
HOME POINT FINANCIAL CORPORATION 1 3.50% $3,467
HOMESIDE FINANCIAL, LLC 1 3.13% $2,383
International Bank of Commerce 1 3.63% $4,058
INTERNATIONAL CITY MORTGAGE, INC. 1 3.50% $5,903
Jefferson Bank 1 2.88% $11,196

Port Lavaca Average Closing Costs & Other Stats

Port Lavaca, TX's 52 lenders originated 459 loans during 2021. The total origination value was $93,475,000, with an average loan value of $203,649.

Port Lavaca's average closing costs are $5,452.

The top Port Lavaca lender as defined by loan originations is TEXAS DOW EMPLOYEES CREDIT UNION, with 25 loans originated. Their average total fees are $4,909, which is $951 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Port Lavaca lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($3,957), TEXAS DOW EMPLOYEES CREDIT UNION ($4,909), Wallick & Volk, Inc. ($5,229), .

The lowest rate Port Lavaca lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (3.17%), Wallick & Volk, Inc. (3.21%), TEXAS DOW EMPLOYEES CREDIT UNION (3.74%), .

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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
First National Bank in Port Lavaca $14,855,000 $19,890,000 33.9% 21.3%
Prosperity Bank $4,910,000 $9,565,000 94.8% 10.2%
Wallick & Volk, Inc. $8,835,000 $6,860,000 -22.4% 7.3%
QUICKEN LOANS, LLC $5,335,000 $6,735,000 26.2% 7.2%
TEXAS DOW EMPLOYEES CREDIT UNION $7,445,000 $6,405,000 -14.0% 6.9%
UNITED WHOLESALE MORTGAGE, LLC $2,145,000 $2,475,000 15.4% 2.6%
Wells Fargo Bank $2,355,000 $2,100,000 -10.8% 2.2%
AMCAP MORTGAGE, LTD. $1,175,000 $1,710,000 45.5% 1.8%
FREEDOM MORTGAGE CORPORATION $945,000 $1,705,000 80.4% 1.8%
Broadway National Bank $1,540,000 n/a 1.6%
Gateway First Bank $65,000 $1,170,000 1,700.0% 1.3%
21ST MORTGAGE CORPORATION $695,000 $1,140,000 64.0% 1.2%
HOME POINT FINANCIAL CORPORATION $1,475,000 $1,140,000 -22.7% 1.2%
CMG MORTGAGE, INC. $1,120,000 n/a 1.2%
AMERISAVE MORTGAGE CORPORATION $125,000 $990,000 692.0% 1.1%
First Community Bank $580,000 $915,000 57.8% 1.0%
PENNYMAC LOAN SERVICES, LLC $85,000 $890,000 947.1% 1.0%
LOANDEPOT.COM, LLC $780,000 $880,000 12.8% 0.9%
MORTGAGE FINANCIAL SERVICES, LLC $215,000 $855,000 297.7% 0.9%
Network Funding, L.P. $530,000 $805,000 51.9% 0.9%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $290,000 $795,000 174.1% 0.9%
VeraBank $795,000 n/a 0.9%
CALIBER HOME LOANS, INC. $430,000 $770,000 79.1% 0.8%
BROKER SOLUTIONS, INC. $760,000 n/a 0.8%
Zions Bancorporation, N.A. $725,000 n/a 0.8%
Jefferson Bank $705,000 n/a 0.8%
UNITED BUILT HOMES, L.L.C. $680,000 n/a 0.7%
Mr. Cooper ( Nationstar Mortgage ) $650,000 $660,000 1.5% 0.7%
Goldwater Bank, N.A. $1,685,000 $645,000 -61.7% 0.7%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $620,000 n/a 0.7%
BancorpSouth Bank $605,000 n/a 0.6%
JPMorgan Chase Bank $380,000 $580,000 52.6% 0.6%
GUILD MORTGAGE COMPANY $900,000 $560,000 -37.8% 0.6%
WESTSTAR MORTGAGE CORPORATION $1,070,000 $520,000 -51.4% 0.6%
TrustTexas Bank, SSB $495,000 n/a 0.5%
The Home Loan Expert LLC $485,000 n/a 0.5%
Carrington Mortgage Services, LLC $380,000 $460,000 21.1% 0.5%
LAKEVIEW LOAN SERVICING, LLC $215,000 $460,000 114.0% 0.5%
DRAPER AND KRAMER MORTGAGE CORP. $420,000 n/a 0.4%
HOMEBRIDGE FINANCIAL SERVICES, INC. $410,000 n/a 0.4%
MOVEMENT MORTGAGE, LLC $385,000 n/a 0.4%
TRIAD FINANCIAL SERVICES, INC. $95,000 $380,000 300.0% 0.4%
RANDOLPH-BROOKS $475,000 $365,000 -23.2% 0.4%
Republic State Mortgage Co. $345,000 n/a 0.4%
BETTER MORTGAGE CORPORATION $335,000 n/a 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $155,000 $335,000 116.1% 0.4%
VANDERBILT MORTGAGE AND FINANCE, INC. $355,000 $330,000 -7.0% 0.4%
HOMESIDE FINANCIAL, LLC $315,000 n/a 0.3%
SECURITY SERVICE $550,000 $310,000 -43.6% 0.3%
SFMC, LP $305,000 n/a 0.3%
Citizens Bank $245,000 $290,000 18.4% 0.3%
First Guaranty Mortgage Corporation $125,000 $275,000 120.0% 0.3%
THRIVE MORTGAGE, LLC $270,000 n/a 0.3%
BAY EQUITY LLC $280,000 $265,000 -5.4% 0.3%
Flagstar Bank, FSB $175,000 $265,000 51.4% 0.3%
SENTE MORTGAGE, INC. $205,000 $265,000 29.3% 0.3%
The First National Bank of Granbury $265,000 n/a 0.3%
AMERICA'S CHOICE HOME LOANS LP $475,000 $255,000 -46.3% 0.3%
NEWREZ LLC $450,000 $255,000 -43.3% 0.3%
PROVIDENT FUNDING ASSOCIATES, L.P. $255,000 n/a 0.3%
International Bank of Commerce $640,000 $250,000 -60.9% 0.3%
INTERNATIONAL CITY MORTGAGE, INC. $245,000 n/a 0.3%
Midwest Mortgage Associates Corporation $245,000 n/a 0.3%
SWBC MORTGAGE CORPORATION $515,000 $225,000 -56.3% 0.2%
First Bank $215,000 n/a 0.2%
Mortgage Research Center, LLC $615,000 $215,000 -65.0% 0.2%
HOMETRUST MORTGAGE COMPANY $210,000 n/a 0.2%
Frost Bank $105,000 $205,000 95.2% 0.2%
InterContinental Capital Group, Inc $205,000 n/a 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $345,000 $185,000 -46.4% 0.2%
SOUTHWEST STAGE FUNDING, LLC $105,000 $180,000 71.4% 0.2%
FIRST CENTENNIAL MORTGAGE CORPORATION $175,000 n/a 0.2%
CROSSCOUNTRY MORTGAGE, LLC $185,000 $165,000 -10.8% 0.2%
GUARANTEED RATE AFFINITY, LLC $165,000 n/a 0.2%
MID AMERICA MORTGAGE, INC. $605,000 $165,000 -72.7% 0.2%
SouthStar Bank, S.S.B. $165,000 n/a 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $425,000 $155,000 -63.5% 0.2%
AmeriHome Mortgage Company, LLC $350,000 $155,000 -55.7% 0.2%
AMWEST FUNDING CORP. $155,000 n/a 0.2%
First Financial Bank $155,000 n/a 0.2%
S1L, Inc. $155,000 n/a 0.2%
Truist Bank $155,000 n/a 0.2%
First Commercial Bank $35,000 $145,000 314.3% 0.2%
NAVY FEDERAL CREDIT UNION $95,000 $145,000 52.6% 0.2%
NEW DAY FINANCIAL, LLC $135,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $85,000 $135,000 58.8% 0.1%
UNION HOME MORTGAGE CORP. $135,000 n/a 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $125,000 n/a 0.1%
First National Bank Texas $125,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $125,000 n/a 0.1%
REVERSE MORTGAGE FUNDING LLC $125,000 n/a 0.1%
A&D Mortgage LLC $115,000 n/a 0.1%
ASPIRE FINANCIAL, INC. $115,000 n/a 0.1%
RESIDENTIAL BANCORP. $105,000 n/a 0.1%
SECURITYNATIONAL MORTGAGE COMPANY $95,000 n/a 0.1%
Bank of America $1,635,000 $85,000 -94.8% 0.1%
CSL Financial, LLC $85,000 n/a 0.1%
Security State Bank & Trust $85,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $75,000 n/a 0.1%
GUARANTEED RATE, INC. $305,000 $75,000 -75.4% 0.1%
Regions Bank $505,000 $75,000 -85.1% 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $155,000 $65,000 -58.1% 0.1%
R Bank $55,000 n/a 0.1%

Port Lavaca's top lender by overall market share is First National Bank in Port Lavaca, with 21.3% market share. In second place, with 10.2%, is Prosperity Bank, having originated $9,565,000 in loans. In third place, with 7.3%, is Wallick & Volk, Inc., having originated $6,860,000 in loans. In fourth place, with 7.2%, is QUICKEN LOANS, LLC, having originated $6,735,000 in loans. In fifth place, with 6.9%, is TEXAS DOW EMPLOYEES CREDIT UNION, having originated $6,405,000 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 (9.6%) $305,282 (-2.6%) 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 $261,175 (18.7%) $367,616 (18.3%) 0.00 183
2018-08-01 $274,950 (29.7%) $379,589 (27.6%) 0.00 173
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 (-4.3%) $324,876 (-11.6%) 0.00 147
2019-08-01 $249,077 (-9.4%) $332,185 (-12.5%) 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 $302,000 (20.9%) $360,182 (-8.6%) 0.00 55
2021-09-01 $291,750 (16.7%) $366,721 (-11.3%) 0.00 62
2021-10-01 $289,900 (10.4%) $352,508 (-13.5%) 0.00 65
2021-11-01 $265,000 (1.4%) $333,682 (-21.5%) 0.00 64
2021-12-01 $243,700 (-2.1%) $318,779 (-20.8%) 0.00 66
2022-01-01 $268,750 (7.5%) $319,146 (-24.7%) 0.00 59
2022-02-01 $232,000 (-5.3%) $273,298 (-34.7%) 0.00 51
2022-03-01 $254,250 (-9.1%) $331,815 (-27.0%) 0.00 56
2022-04-01 $297,000 (17.0%) $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 (3.3%) $415,591 (15.4%) 0.00 70
2022-09-01 $277,450 (-4.9%) $403,661 (10.1%) 0.00 86
2022-10-01 $298,500 (3.0%) $423,272 (20.1%) 0.00 81
Port Lavaca's median listing price for 2022-10-01 was $298,500, a difference of $8,600 (3.0%) versus the prior year and $21,050 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 2022-10-01 was $423,272, a difference of $70,764 (20.1%) versus the prior year and $19,611 versus the prior month.

For the 2022-10-01 period, Port Lavaca had 81 MLS listings, a difference of -5 listings (-6%) versus the prior month and 16 listings (25%) 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 1,789 sqft
2018-08-01 0 days 1,809 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 1,764 sqft
2021-09-01 0 days 1,680 sqft
2021-10-01 0 days 1,610 sqft
2021-11-01 0 days 1,447 sqft
2021-12-01 0 days 1,465 sqft
2022-01-01 0 days 1,591 sqft
2022-02-01 0 days 1,591 sqft
2022-03-01 0 days 1,636 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 1,620 sqft
Port Lavaca's median listing age (time on market) for 2022-10-01 was 0 days.

Port Lavaca's median square footage for active listings during the 2022-10-01 period was 1,620 sqft. One year prior, the average listing was 1,610 sqft.

Port Lavaca, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 273 $58,345,000 $213,718
Refi 122 $24,150,000 $197,951
Cash Out Refi 48 $9,220,000 $192,083
Home Improvement 10 $1,220,000 $122,000
Other 6 $540,000 $90,000

Port Lavaca's most frequently cited loan purpose was Home Purchase, with 273 originations. The 2nd most popular reason was Refi, with 122 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 161 $33,305,000 $206,863
2.5-3% 88 $18,460,000 $209,773
<2.5% 58 $12,830,000 $221,207
4-5% 17 $2,635,000 $155,000
Over 8% 11 $1,655,000 $150,455
6-7% 5 $495,000 $99,000
7-8% 4 $320,000 $80,000
5-6% 3 $275,000 $91,667

During 2021, Port Lavaca's most frequently originated rate bucket was 3-4%, with 161 originations.

Loan Sizing (Port Lavaca, TX MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 193 $28,665,000 $148,523
$200k-400k 156 $42,410,000 $271,859
$100,000 or less 82 $6,260,000 $76,341
$400k-600k 20 $9,480,000 $474,000
$600k-1000k 6 $4,240,000 $706,667
$Over $1MM 2 $2,420,000 $1,210,000

Port Lavaca's loan sizing saw the bucket of loans from $100k-200k with 193 originations, totaling $28,665,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 169 $34,995,000 $207,071
60-80% 115 $24,495,000 $213,000
40-60% 36 $5,870,000 $163,056
20-40% 6 $630,000 $105,000
Over 100% 5 $1,285,000 $257,000
Under 20% 2 $170,000 $85,000

Port Lavaca's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 169 originations, totaling $34,995,000 in origination value.