Raymondville Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Raymondville averaged 6.7% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.88% and one month ago for the week of 2023-02-16, the average rate was 6.7%.

    Raymondville's average rate one year ago was 3.62%.

    For refis of the same type during the week of 2023-03-23, the average rate was 6.59%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Raymondville 30 Year Fixed Rate 2023-03-23 6.7%
    Raymondville 30 Year Fixed Rate Refi 2023-03-23 6.59%
    Raymondville 15 Year Fixed Rate 2023-03-23 5.81%
    Raymondville 15 Year Fixed Rate Refi 2023-03-23 6.51%
    Raymondville 30 Year FHA 2023-03-23 6.36%
    Raymondville 30 Year FHA Refi 2023-03-23 6.53%
    Raymondville 30 Year USDA 2023-03-23 7.06%
    Raymondville 30 Year USDA Refi 2023-03-23 6.28%
    Raymondville 30 Year VA 2023-03-23 6.19%
    Raymondville 30 Year VA Refi 2023-03-23 5.72%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 4.57% $6,042
    QUICKEN LOANS, LLC 4 6.25% $6,215
    Texas Regional Bank 2 4.06% $5,588
    First Savings Bank 1 4.75% $6,122
    Flagstar Bank, FSB 1 5.00% $8,692
    Hometown Lenders, Inc. 1 4.63% $4,891
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $14,098
    NAVY ARMY COMMUNITY CREDIT UNION 1 5.88% $4,223
    S1L, Inc. 1 6.00% $10,078
    SECURITY SERVICE 1 2.50% $5,558
    Wells Fargo Bank 1 5.38% $6,988
    WILLOW BEND MORTGAGE COMPANY, LLC 1 4.25% $12,968
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 5.99% $7,191
    Zions Bancorporation, N.A. 1 4.25% $8,093
    DRAPER AND KRAMER MORTGAGE CORP. 1 4.13% $4,598
    EMBRACE HOME LOANS, INC. 1 5.88% $2,505

    Raymondville Average Closing Costs & Other Stats

    Raymondville, TX's 16 lenders originated 78 loans during 2022. The total origination value was $14,400,000, with an average loan value of $184,615.

    Raymondville's average closing costs are $5,773.

    The top Raymondville lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 7 loans originated. Their average total fees are $6,042, which is $173 lower 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,855,000 $1,785,000 -37.5% 12.4%
    WILLOW BEND MORTGAGE COMPANY, LLC $225,000 $1,225,000 444.4% 8.5%
    Texas Regional Bank $215,000 $1,155,000 437.2% 8.0%
    QUICKEN LOANS, LLC $2,230,000 $935,000 -58.1% 6.5%
    CMG MORTGAGE, INC. $835,000 n/a 5.8%
    Mortgage Research Center, LLC $550,000 $755,000 37.3% 5.2%
    21ST MORTGAGE CORPORATION $435,000 $595,000 36.8% 4.1%
    ACADEMY MORTGAGE CORPORATION $585,000 $560,000 -4.3% 3.9%
    PENTAGON FEDERAL CREDIT UNION $545,000 n/a 3.8%
    Hometown Lenders, Inc. $470,000 $520,000 10.6% 3.6%
    UNITED WHOLESALE MORTGAGE, LLC $510,000 $515,000 1.0% 3.6%
    SECURITY SERVICE $680,000 $465,000 -31.6% 3.2%
    Mr. Cooper ( Nationstar Mortgage ) $85,000 $385,000 352.9% 2.7%
    Flagstar Bank, FSB $375,000 n/a 2.6%
    Lone Star National Bank $325,000 n/a 2.3%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $350,000 $320,000 -8.6% 2.2%
    NAVY ARMY COMMUNITY CREDIT UNION $295,000 n/a 2.0%
    Wells Fargo Bank $495,000 $275,000 -44.4% 1.9%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $265,000 n/a 1.8%
    SUN WEST MORTGAGE COMPANY, INC. $245,000 n/a 1.7%
    LOANDEPOT.COM, LLC $235,000 n/a 1.6%
    Zions Bancorporation, N.A. $225,000 n/a 1.6%
    S1L, Inc. $215,000 n/a 1.5%
    Vantage Bank Texas $95,000 $185,000 94.7% 1.3%
    CROSSCOUNTRY MORTGAGE, LLC $285,000 $155,000 -45.6% 1.1%
    CERTAINTY HOME LOANS, LLC $145,000 n/a 1.0%
    DRAPER AND KRAMER MORTGAGE CORP. $75,000 $145,000 93.3% 1.0%
    INTERLINC MORTGAGE SERVICES, LLC $135,000 n/a 0.9%
    PNC Bank $90,000 n/a 0.6%
    First Savings Bank $85,000 n/a 0.6%
    Frost Bank $500,000 $85,000 -83.0% 0.6%
    VANDERBILT MORTGAGE AND FINANCE, INC. $85,000 n/a 0.6%
    EMBRACE HOME LOANS, INC. $75,000 n/a 0.5%
    MORTGAGE FINANCIAL SERVICES, LLC $65,000 n/a 0.5%
    United Community Bank $65,000 n/a 0.5%
    Rio Bank $125,000 $35,000 -72.0% 0.2%

    Raymondville's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 12.4% market share. In second place, with 8.5%, is WILLOW BEND MORTGAGE COMPANY, LLC, having originated $1,225,000 in loans. In third place, with 8.0%, is Texas Regional Bank, having originated $1,155,000 in loans. In fourth place, with 6.5%, is QUICKEN LOANS, LLC, having originated $935,000 in loans. In fifth place, with 5.8%, is CMG MORTGAGE, INC., having originated $835,000 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%) $378,848 (14.9%) 0.00 14
    2022-08-01 $224,500 (-18.6%) $370,019 (21.4%) 0.00 16
    2022-09-01 $259,623 (-11.7%) $444,616 (38.5%) 0.00 19
    2022-10-01 $269,900 (25.8%) $427,441 (51.1%) 0.00 20
    2022-11-01 $303,500 (-19.1%) $384,900 (18.8%) 0.00 20
    2022-12-01 $225,250 (19.5%) $335,851 (20.6%) 0.00 20
    2023-01-01 $206,500 (18.0%) $316,397 (16.4%) 0.00 20
    2023-02-01 $200,000 (-4.2%) $297,286 (6.1%) 0.00 21
    Raymondville's median listing price for 2023-02-01 was $200,000, a difference of $-8,750 (-4.2%) versus the prior year and $-6,500 versus the prior month.

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

    Raymondville's average listing price for 2023-02-01 was $297,286, a difference of $17,083 (6.1%) versus the prior year and $-19,111 versus the prior month.

    For the 2023-02-01 period, Raymondville had 21 MLS listings, a difference of 1 listings (5%) versus the prior month and 8 listings (62%) 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 2,448 sqft
    2022-08-01 0 days 2,281 sqft
    2022-09-01 0 days 2,456 sqft
    2022-10-01 0 days 2,464 sqft
    2022-11-01 0 days 2,464 sqft
    2022-12-01 0 days 1,932 sqft
    2023-01-01 0 days 1,824 sqft
    2023-02-01 0 days 1,670 sqft
    Raymondville's median listing age (time on market) for 2023-02-01 was 0 days.

    Raymondville's median square footage for active listings during the 2023-02-01 period was 1,670 sqft. One year prior, the average listing was 1,784 sqft.

    Raymondville, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 40 $7,630,000 $190,750
    Refi 16 $3,530,000 $220,625
    Cash Out Refi 16 $2,690,000 $168,125
    Other 6 $550,000 $91,667

    Raymondville's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 16 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 21 $3,845,000 $183,095
    4-5% 18 $4,170,000 $231,667
    3-4% 12 $2,710,000 $225,833
    6-7% 10 $1,620,000 $162,000
    2.5-3% 5 $965,000 $193,000
    Over 8% 4 $390,000 $97,500
    7-8% 4 $270,000 $67,500
    <2.5% 2 $210,000 $105,000

    During 2022, Raymondville's most frequently originated rate bucket was 5-6%, with 21 originations.

    Loan Sizing (Raymondville, TX MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 28 $4,300,000 $153,571
    $200k-400k 26 $7,240,000 $278,462
    $100,000 or less 21 $1,415,000 $67,381
    $400k-600k 3 $1,445,000 $481,667

    Raymondville's loan sizing saw the bucket of loans from $100k-200k with 28 originations, totaling $4,300,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 45 $9,125,000 $202,778
    60-80% 16 $3,520,000 $220,000
    40-60% 9 $865,000 $96,111
    20-40% 3 $265,000 $88,333
    Over 100% 2 $400,000 $200,000
    Under 20% 1 $5,000 $5,000

    Raymondville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 45 originations, totaling $9,125,000 in origination value.