Port Lavaca Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Port Lavaca averaged
6.51%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.11% and
one month ago for the week of 2024-09-05, the
average rate was 6.54%.
Port Lavaca's average rate one year ago was 7.68%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.32%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Port Lavaca 30 Year Fixed Rate | 2024-10-10 | 6.51% |
Port Lavaca 30 Year Fixed Rate Refi | 2024-10-10 | 6.32% |
Port Lavaca 15 Year Fixed Rate | 2024-10-10 | 5.61% |
Port Lavaca 15 Year Fixed Rate Refi | 2024-10-10 | 6.01% |
Port Lavaca 30 Year FHA | 2024-10-10 | 5.9% |
Port Lavaca 30 Year FHA Refi | 2024-10-10 | 6% |
Port Lavaca 30 Year USDA | 2024-10-10 | 5.88% |
Port Lavaca 30 Year USDA Refi | 2024-10-10 | 5.88% |
Port Lavaca 30 Year VA | 2024-10-10 | 6.05% |
Port Lavaca 30 Year VA Refi | 2024-10-10 | 5.75% |
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.).
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. LouisDate | 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 |
Port Lavaca's median listing price comes in at 0% of the national average.
Port Lavaca's average listing price for 2024-09-01 was $458,461, a difference of $61,687 (15.6%) versus the prior year and $31,957 versus the prior month.
For the 2024-09-01 period, Port Lavaca had 151 MLS listings, a difference of 0 listings (0%) versus the prior month and 36 listings (31%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Port Lavaca (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
Port Lavaca's median square footage for active listings during the 2024-09-01 period was 1,642 sqft. One year prior, the average listing was 1,620 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.