Raymondville 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 Raymondville averaged 6.97% for the week of 2024-04-25, compared to the national average of 7.17% for the same period.

    The average rate for the prior week (2024-04-18) was 7.2% and one month ago for the week of 2024-03-21, the average rate was 6.97%.

    Raymondville's average rate one year ago was 6.49%.

    For refis of the same type during the week of 2024-04-25, the average rate was 7.47%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-25 7.17%
    Raymondville 30 Year Fixed Rate 2024-04-25 6.97%
    Raymondville 30 Year Fixed Rate Refi 2024-04-25 7.47%
    Raymondville 15 Year Fixed Rate 2024-04-25 6.34%
    Raymondville 15 Year Fixed Rate Refi 2024-04-25 6.64%
    Raymondville 30 Year FHA 2024-04-25 6.98%
    Raymondville 30 Year FHA Refi 2024-04-25 6.78%
    Raymondville 30 Year USDA 2024-04-25 7.04%
    Raymondville 30 Year USDA Refi 2024-04-25 6.64%
    Raymondville 30 Year VA 2024-04-25 6.76%
    Raymondville 30 Year VA Refi 2024-04-25 6.96%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Raymondville, TX.

    Raymondville 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 Raymondville, 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
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.35% $11,441
    QUICKEN LOANS, LLC 3 7.16% $5,410
    Texas Regional Bank 3 7.22% $6,575
    WILLOW BEND MORTGAGE COMPANY, LLC 2 6.87% $14,933
    Gateway First Bank 1 6.75% $5,181
    MOVEMENT MORTGAGE, LLC 1 7.44% $6,557
    NAVY ARMY COMMUNITY CREDIT UNION 1 8.00% $3,674
    AMCAP MORTGAGE, LTD. 1 6.63% $19,065
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.63% $10,215
    USAA Federal Savings Bank 1 6.63% $5,835
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.25% $4,436
    Wells Fargo Bank 1 6.88% $5,578
    PENTAGON FEDERAL CREDIT UNION 1 6.38% $6,490
    Carrington Mortgage Services, LLC 1 7.50% $4,289
    CommunityBank of Texas, N.A. 1 7.38% $7,254
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.88% $5,910

    Raymondville Average Closing Costs & Other Stats

    Raymondville, TX's 16 lenders originated 78 loans during 2023. The total origination value was $14,770,000, with an average loan value of $189,359.

    Raymondville's average closing costs are $6,420.

    The top Raymondville lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 6 loans originated. Their average total fees are $11,441, which is $6,031 higher than the next largest lender, QUICKEN LOANS, LLC.

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

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

    Raymondville, 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
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,785,000 $3,575,000 100.3% 24.2%
    DRAPER AND KRAMER MORTGAGE CORP. $145,000 $1,130,000 679.3% 7.7%
    QUICKEN LOANS, LLC $935,000 $740,000 -20.9% 5.0%
    Texas Regional Bank $1,155,000 $675,000 -41.6% 4.6%
    AMCAP MORTGAGE, LTD. $660,000 n/a 4.5%
    Sage Capital Bank $630,000 n/a 4.3%
    WILLOW BEND MORTGAGE COMPANY, LLC $1,225,000 $570,000 -53.5% 3.9%
    1ST SIGNATURE LENDING, LLC $565,000 n/a 3.8%
    AMERICAN PACIFIC MORTGAGE CORPORATION $490,000 n/a 3.3%
    VANDERBILT MORTGAGE AND FINANCE, INC. $85,000 $420,000 394.1% 2.8%
    21ST MORTGAGE CORPORATION $595,000 $360,000 -39.5% 2.4%
    ACADEMY MORTGAGE CORPORATION $560,000 $335,000 -40.2% 2.3%
    GUARANTEED RATE AFFINITY, LLC $335,000 n/a 2.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $295,000 n/a 2.0%
    NATIONS RELIABLE LENDING, LLC $255,000 n/a 1.7%
    CommunityBank of Texas, N.A. $245,000 n/a 1.7%
    SUN WEST MORTGAGE COMPANY, INC. $245,000 $245,000 0.0% 1.7%
    AMERISAVE MORTGAGE CORPORATION $225,000 n/a 1.5%
    CORNERSTONE HOME LENDING, INC. $225,000 n/a 1.5%
    Gateway First Bank $205,000 n/a 1.4%
    Paramount Residential Mortgage Group, Inc. $205,000 n/a 1.4%
    CROSSCOUNTRY MORTGAGE, LLC $155,000 $195,000 25.8% 1.3%
    PENTAGON FEDERAL CREDIT UNION $545,000 $185,000 -66.1% 1.3%
    LOANPAL, LLC $180,000 n/a 1.2%
    S1L, Inc. $215,000 $175,000 -18.6% 1.2%
    Wells Fargo Bank $275,000 $175,000 -36.4% 1.2%
    LOANDEPOT.COM, LLC $235,000 $155,000 -34.0% 1.0%
    UNITED WHOLESALE MORTGAGE, LLC $515,000 $145,000 -71.8% 1.0%
    Citizens State Bank $125,000 n/a 0.8%
    NAVY ARMY COMMUNITY CREDIT UNION $295,000 $125,000 -57.6% 0.8%
    Carrington Mortgage Services, LLC $95,000 n/a 0.6%
    HOMESIDE FINANCIAL, LLC $95,000 n/a 0.6%
    USAA Federal Savings Bank $85,000 n/a 0.6%
    Frost Bank $85,000 $75,000 -11.8% 0.5%
    MOVEMENT MORTGAGE, LLC $75,000 n/a 0.5%
    SECURITY SERVICE $465,000 $75,000 -83.9% 0.5%
    CREDIT HUMAN FEDERAL CREDIT UNION $65,000 n/a 0.4%
    ROYAL UNITED MORTGAGE LLC $65,000 n/a 0.4%
    First Community Bank $55,000 n/a 0.4%
    International Bank of Commerce $45,000 n/a 0.3%
    PNC Bank $90,000 $45,000 -50.0% 0.3%
    ASCENT HOME LENDING, LLC $5,000 n/a 0.0%

    Raymondville's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 24.2% market share. In second place, with 7.7%, is DRAPER AND KRAMER MORTGAGE CORP., having originated $1,130,000 in loans. In third place, with 5.0%, is QUICKEN LOANS, LLC, having originated $740,000 in loans. In fourth place, with 4.6%, is Texas Regional Bank, having originated $675,000 in loans. In fifth place, with 4.5%, is AMCAP MORTGAGE, LTD., having originated $660,000 in loans.

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

    Realtor.com - Raymondville (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 $194,000 (25.2%) $204,150 (23.4%) 0.00 53
    2018-02-01 $183,225 (22.2%) $204,180 (25.0%) 0.00 51
    2018-03-01 $176,950 (31.1%) $191,700 (18.6%) 0.00 48
    2018-04-01 $182,500 (21.8%) $194,357 (15.1%) 0.00 49
    2018-05-01 $186,175 (16.9%) $191,777 (14.3%) 0.00 45
    2018-06-01 $155,000 (-2.5%) $179,972 (6.2%) 0.00 49
    2018-07-01 $173,200 (12.1%) $192,533 (21.3%) 0.00 51
    2018-08-01 $155,750 (-3.9%) $181,250 (13.2%) 0.00 52
    2018-09-01 $169,000 (-6.1%) $183,334 (-1.4%) 0.00 49
    2018-10-01 $169,500 (-15.0%) $188,212 (-5.4%) 0.00 49
    2018-11-01 $170,475 (-14.4%) $186,857 (-9.1%) 0.00 44
    2018-12-01 $189,000 (-2.6%) $200,974 (-0.4%) 0.00 40
    2019-01-01 $163,225 (-15.9%) $185,878 (-9.0%) 0.00 42
    2019-02-01 $178,500 (-2.6%) $196,813 (-3.6%) 0.00 37
    2019-03-01 $175,000 (-1.1%) $197,883 (3.2%) 0.00 36
    2019-04-01 $181,225 (-0.7%) $203,390 (4.7%) 0.00 36
    2019-05-01 $194,225 (4.3%) $211,017 (10.0%) 0.00 36
    2019-06-01 $150,000 (-3.2%) $205,429 (14.1%) 0.00 36
    2019-07-01 $149,975 (-13.4%) $201,445 (4.6%) 0.00 36
    2019-08-01 $205,964 (32.2%) $222,103 (22.5%) 0.00 37
    2019-09-01 $230,734 (36.5%) $252,263 (37.6%) 0.00 37
    2019-10-01 $246,998 (45.7%) $271,673 (44.3%) 0.00 37
    2019-11-01 $248,500 (45.8%) $267,088 (42.9%) 0.00 38
    2019-12-01 $261,363 (38.3%) $307,761 (53.1%) 0.00 34
    2020-01-01 $258,225 (58.2%) $303,390 (63.2%) 0.00 34
    2020-02-01 $244,000 (36.7%) $279,272 (41.9%) 0.00 34
    2020-03-01 $225,000 (28.6%) $270,534 (36.7%) 0.00 33
    2020-04-01 $197,288 (8.9%) $253,470 (24.6%) 0.00 30
    2020-05-01 $224,000 (15.3%) $264,274 (25.2%) 0.00 29
    2020-06-01 $224,500 (49.7%) $270,839 (31.8%) 0.00 28
    2020-07-01 $232,500 (55.0%) $296,116 (47.0%) 0.00 27
    2020-08-01 $235,500 (14.3%) $303,913 (36.8%) 0.00 23
    2020-09-01 $220,000 (-4.7%) $313,654 (24.3%) 0.00 23
    2020-10-01 $215,000 (-13.0%) $298,483 (9.9%) 0.00 26
    2020-11-01 $184,725 (-25.7%) $279,156 (4.5%) 0.00 26
    2020-12-01 $210,000 (-19.7%) $266,139 (-13.5%) 0.00 27
    2021-01-01 $175,000 (-32.2%) $252,850 (-16.7%) 0.00 23
    2021-02-01 $172,000 (-29.5%) $232,965 (-16.6%) 0.00 14
    2021-03-01 $171,225 (-23.9%) $227,486 (-15.9%) 0.00 17
    2021-04-01 $210,000 (6.4%) $302,762 (19.5%) 0.00 22
    2021-05-01 $255,000 (13.8%) $326,158 (23.4%) 0.00 17
    2021-06-01 $217,500 (-3.1%) $295,610 (9.2%) 0.00 15
    2021-07-01 $283,500 (21.9%) $329,838 (11.4%) 0.00 16
    2021-08-01 $275,625 (17.0%) $304,808 (0.3%) 0.00 19
    2021-09-01 $293,950 (33.6%) $321,085 (2.4%) 0.00 19
    2021-10-01 $214,500 (-0.2%) $282,890 (-5.2%) 0.00 19
    2021-11-01 $375,000 (103.0%) $324,097 (16.1%) 0.00 19
    2021-12-01 $188,500 (-10.2%) $278,436 (4.6%) 0.00 17
    2022-01-01 $175,000 (0.0%) $271,830 (7.5%) 0.00 17
    2022-02-01 $208,750 (21.4%) $280,203 (20.3%) 0.00 13
    2022-03-01 $257,250 (50.2%) $337,037 (48.2%) 0.00 12
    2022-04-01 $279,000 (32.9%) $428,227 (41.4%) 0.00 12
    2022-05-01 $284,000 (11.4%) $433,534 (32.9%) 0.00 10
    2022-06-01 $209,125 (-3.9%) $395,755 (33.9%) 0.00 13
    2022-07-01 $229,500 (-19.1%) $403,825 (22.4%) 0.00 15
    2022-08-01 $236,375 (-14.2%) $396,644 (30.1%) 0.00 17
    2022-09-01 $273,495 (-7.0%) $466,464 (45.3%) 0.00 20
    2022-10-01 $359,950 (67.8%) $443,569 (56.8%) 0.00 21
    2022-11-01 $338,000 (-9.9%) $401,495 (23.9%) 0.00 21
    2022-12-01 $225,250 (19.5%) $335,851 (20.6%) 0.00 20
    2023-01-01 $213,000 (21.7%) $330,229 (21.5%) 0.00 21
    2023-02-01 $200,000 (-4.2%) $297,286 (6.1%) 0.00 21
    2023-03-01 $216,000 (-16.0%) $320,674 (-4.9%) 0.00 22
    2023-04-01 $210,000 (-24.7%) $305,033 (-28.8%) 0.00 23
    2023-05-01 $212,500 (-25.2%) $331,667 (-23.5%) 0.00 21
    2023-06-01 $242,500 (16.0%) $340,485 (-14.0%) 0.00 19
    2023-07-01 $194,750 (-15.1%) $262,257 (-35.1%) 0.00 20
    2023-08-01 $196,000 (-17.1%) $257,897 (-35.0%) 0.00 17
    2023-09-01 $215,000 (-21.4%) $232,544 (-50.2%) 0.00 25
    2023-10-01 $231,000 (-35.8%) $257,392 (-42.0%) 0.00 30
    2023-11-01 $272,000 (-19.5%) $294,444 (-26.7%) 0.00 29
    2023-12-01 $279,000 (23.9%) $304,044 (-9.5%) 0.00 30
    2024-01-01 $307,500 (44.4%) $324,708 (-1.7%) 0.00 26
    2024-02-01 $273,250 (36.6%) $322,062 (8.3%) 0.00 28
    2024-03-01 $285,000 (31.9%) $340,817 (6.3%) 0.00 26
    Raymondville's median listing price for 2024-03-01 was $285,000, a difference of $69,000 (31.9%) versus the prior year and $11,750 versus the prior month.

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

    Raymondville's average listing price for 2024-03-01 was $340,817, a difference of $20,143 (6.3%) versus the prior year and $18,755 versus the prior month.

    For the 2024-03-01 period, Raymondville had 26 MLS listings, a difference of -2 listings (-7%) versus the prior month and 4 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Raymondville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,973 sqft
    2018-02-01 0 days 2,061 sqft
    2018-03-01 0 days 1,956 sqft
    2018-04-01 0 days 1,973 sqft
    2018-05-01 0 days 1,898 sqft
    2018-06-01 0 days 1,656 sqft
    2018-07-01 0 days 1,708 sqft
    2018-08-01 0 days 1,612 sqft
    2018-09-01 0 days 1,617 sqft
    2018-10-01 0 days 1,704 sqft
    2018-11-01 0 days 1,617 sqft
    2018-12-01 0 days 1,787 sqft
    2019-01-01 0 days 1,616 sqft
    2019-02-01 0 days 1,621 sqft
    2019-03-01 0 days 1,614 sqft
    2019-04-01 0 days 1,608 sqft
    2019-05-01 0 days 1,618 sqft
    2019-06-01 0 days 1,564 sqft
    2019-07-01 0 days 1,400 sqft
    2019-08-01 0 days 1,505 sqft
    2019-09-01 0 days 1,662 sqft
    2019-10-01 0 days 1,784 sqft
    2019-11-01 0 days 1,919 sqft
    2019-12-01 0 days 1,957 sqft
    2020-01-01 0 days 2,053 sqft
    2020-02-01 0 days 2,007 sqft
    2020-03-01 0 days 1,885 sqft
    2020-04-01 0 days 1,784 sqft
    2020-05-01 0 days 1,784 sqft
    2020-06-01 0 days 1,738 sqft
    2020-07-01 0 days 1,950 sqft
    2020-08-01 0 days 1,977 sqft
    2020-09-01 0 days 2,006 sqft
    2020-10-01 0 days 2,037 sqft
    2020-11-01 0 days 1,997 sqft
    2020-12-01 0 days 2,056 sqft
    2021-01-01 0 days 2,088 sqft
    2021-02-01 0 days 2,056 sqft
    2021-03-01 0 days 1,893 sqft
    2021-04-01 0 days 2,182 sqft
    2021-05-01 0 days 2,278 sqft
    2021-06-01 0 days 1,559 sqft
    2021-07-01 0 days 1,888 sqft
    2021-08-01 0 days 1,685 sqft
    2021-09-01 0 days 1,800 sqft
    2021-10-01 0 days 1,500 sqft
    2021-11-01 0 days 2,409 sqft
    2021-12-01 0 days 2,197 sqft
    2022-01-01 0 days 2,300 sqft
    2022-02-01 0 days 1,784 sqft
    2022-03-01 0 days 1,806 sqft
    2022-04-01 0 days 2,100 sqft
    2022-05-01 0 days 1,926 sqft
    2022-06-01 0 days 1,913 sqft
    2022-07-01 0 days 2,456 sqft
    2022-08-01 0 days 2,448 sqft
    2022-09-01 0 days 2,464 sqft
    2022-10-01 0 days 2,482 sqft
    2022-11-01 0 days 2,482 sqft
    2022-12-01 0 days 1,932 sqft
    2023-01-01 0 days 1,836 sqft
    2023-02-01 0 days 1,670 sqft
    2023-03-01 0 days 1,749 sqft
    2023-04-01 0 days 1,652 sqft
    2023-05-01 0 days 1,694 sqft
    2023-06-01 0 days 1,652 sqft
    2023-07-01 0 days 1,550 sqft
    2023-08-01 0 days 1,550 sqft
    2023-09-01 0 days 1,512 sqft
    2023-10-01 0 days 1,541 sqft
    2023-11-01 0 days 1,640 sqft
    2023-12-01 0 days 1,832 sqft
    2024-01-01 0 days 1,695 sqft
    2024-02-01 0 days 1,695 sqft
    2024-03-01 0 days 1,568 sqft
    Raymondville's median listing age (time on market) for 2024-03-01 was 0 days.

    Raymondville's median square footage for active listings during the 2024-03-01 period was 1,568 sqft. One year prior, the average listing was 1,749 sqft.

    Raymondville, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 55 $10,795,000 $196,273
    Refi 10 $2,530,000 $253,000
    Cash Out Refi 6 $850,000 $141,667
    Other 5 $395,000 $79,000
    Home Improvement 2 $200,000 $100,000

    Raymondville's most frequently cited loan purpose was Home Purchase, with 55 originations. The 2nd most popular reason was Refi, with 10 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 25 $5,455,000 $218,200
    7-8% 23 $4,765,000 $207,174
    5-6% 14 $2,830,000 $202,143
    Over 8% 11 $905,000 $82,273
    <2.5% 1 $5,000 $5,000

    During 2023, Raymondville's most frequently originated rate bucket was 6-7%, with 25 originations.

    Loan Sizing (Raymondville, TX MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 26 $6,730,000 $258,846
    $100,000 or less 23 $1,585,000 $68,913
    $100k-200k 23 $3,555,000 $154,565
    $400k-600k 6 $2,900,000 $483,333

    Raymondville's loan sizing saw the bucket of loans from $200k-400k with 26 originations, totaling $6,730,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 47 $8,725,000 $185,638
    60-80% 15 $3,765,000 $251,000
    40-60% 7 $1,175,000 $167,857
    20-40% 2 $150,000 $75,000
    Over 100% 2 $140,000 $70,000
    Under 20% 1 $5,000 $5,000

    Raymondville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 47 originations, totaling $8,725,000 in origination value.