Rio Grande City - Roma 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 Rio Grande City - Roma averaged 7.08% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

    The average rate for the prior week (2024-04-04) was 6.82% and one month ago for the week of 2024-03-07, the average rate was 6.78%.

    Rio Grande City - Roma's average rate one year ago was 6.18%.

    For refis of the same type during the week of 2024-04-11, the average rate was 6.88%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-11 6.88%
    Rio Grande City - Roma 30 Year Fixed Rate 2024-04-11 7.08%
    Rio Grande City - Roma 30 Year Fixed Rate Refi 2024-04-11 6.88%
    Rio Grande City - Roma 15 Year Fixed Rate 2024-04-11 6.16%
    Rio Grande City - Roma 15 Year Fixed Rate Refi 2024-04-11 6.26%
    Rio Grande City - Roma 30 Year FHA 2024-04-11 6.54%
    Rio Grande City - Roma 30 Year FHA Refi 2024-04-11 6.54%
    Rio Grande City - Roma 30 Year USDA 2024-04-11 6.81%
    Rio Grande City - Roma 30 Year USDA Refi 2024-04-11 6.81%
    Rio Grande City - Roma 30 Year VA 2024-04-11 6.47%
    Rio Grande City - Roma 30 Year VA Refi 2024-04-11 6.47%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Rio Grande City-Roma, TX.

    Rio Grande City - Roma 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 Rio Grande City-Roma, 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
    LEADERONE FINANCIAL CORPORATION 14 6.96% $9,568
    QUICKEN LOANS, LLC 9 7.68% $4,613
    Lone Star National Bank 3 6.71% $5,234
    WILLOW BEND MORTGAGE COMPANY, LLC 3 6.71% $9,416
    SECURITY SERVICE 3 6.67% $3,318
    JPMorgan Chase Bank 3 7.79% $5,530
    AMCAP MORTGAGE, LTD. 2 6.94% $10,838
    CMG MORTGAGE, INC. 2 7.24% $6,559
    Nations Lending Corporation 2 6.31% $11,964
    UNITED WHOLESALE MORTGAGE, LLC 2 6.50% $10,557
    Paramount Residential Mortgage Group, Inc. 1 6.63% $7,798
    Gateway First Bank 1 6.38% $7,321
    SECURITY FIRST Federal Credit Union 1 5.50% $2,860
    SECURITYNATIONAL MORTGAGE COMPANY 1 10.75% $10,427
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.00% $6,299
    The Loan Store, Inc. 1 6.88% $12,284
    Town Square Mortgage & Investments, Inc. 1 6.99% $6,659
    DIRECTIONS EQUITY, LLC 1 7.63% $2,234
    U.S. Bank 1 5.88% $4,308
    Wells Fargo Bank 1 7.63% $5,675
    NAVY ARMY COMMUNITY CREDIT UNION 1 8.25% $4,163

    Rio Grande City - Roma Average Closing Costs & Other Stats

    Rio Grande City-Roma, TX's 21 lenders originated 203 loans during 2023. The total origination value was $41,935,000, with an average loan value of $206,576.

    Rio Grande City - Roma's average closing costs are $7,310.

    The top Rio Grande City - Roma lender as defined by loan originations is LEADERONE FINANCIAL CORPORATION, with 14 loans originated. Their average total fees are $9,568, which is $4,955 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Rio Grande City - Roma lenders (with over 10 loans originated) are LEADERONE FINANCIAL CORPORATION ($9,568), .

    The lowest rate Rio Grande City - Roma lenders (with over 10 loans originated) are LEADERONE FINANCIAL CORPORATION (6.96%), .

    Rio Grande City-Roma, 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
    LEADERONE FINANCIAL CORPORATION $6,370,000 $6,205,000 -2.6% 14.8%
    WILLOW BEND MORTGAGE COMPANY, LLC $3,510,000 $3,860,000 10.0% 9.2%
    Vantage Bank Texas $75,000 $3,555,000 4,640.0% 8.5%
    AMCAP MORTGAGE, LTD. $895,000 $3,025,000 238.0% 7.2%
    QUICKEN LOANS, LLC $5,945,000 $2,675,000 -55.0% 6.4%
    NAVY ARMY COMMUNITY CREDIT UNION $1,580,000 $2,515,000 59.2% 6.0%
    Lone Star National Bank $3,690,000 $1,820,000 -50.7% 4.3%
    UNITED WHOLESALE MORTGAGE, LLC $1,105,000 $1,685,000 52.5% 4.0%
    CROSSCOUNTRY MORTGAGE, LLC $1,625,000 $1,505,000 -7.4% 3.6%
    Nations Lending Corporation $1,405,000 n/a 3.4%
    PNC Bank $1,255,000 $1,235,000 -1.6% 2.9%
    21ST MORTGAGE CORPORATION $1,385,000 $1,210,000 -12.6% 2.9%
    CMG MORTGAGE, INC. $1,175,000 n/a 2.8%
    SECURITY SERVICE $2,080,000 $1,025,000 -50.7% 2.4%
    Town Square Mortgage & Investments, Inc. $1,270,000 $640,000 -49.6% 1.5%
    JPMorgan Chase Bank $385,000 $585,000 51.9% 1.4%
    Texas National Bank $795,000 $505,000 -36.5% 1.2%
    Mortgage Research Center, LLC $910,000 $425,000 -53.3% 1.0%
    DIRECTIONS EQUITY, LLC $900,000 $400,000 -55.6% 1.0%
    RANDOLPH-BROOKS $45,000 $390,000 766.7% 0.9%
    USAA Federal Savings Bank $125,000 $385,000 208.0% 0.9%
    Gateway First Bank $825,000 $370,000 -55.2% 0.9%
    The Loan Store, Inc. $305,000 n/a 0.7%
    Hometown Equity Mortgage, LLC $195,000 $285,000 46.2% 0.7%
    S1L, Inc. $255,000 n/a 0.6%
    MOVEMENT MORTGAGE, LLC $225,000 n/a 0.5%
    GUARANTEED RATE, INC. $380,000 $215,000 -43.4% 0.5%
    SECURITYNATIONAL MORTGAGE COMPANY $105,000 $215,000 104.8% 0.5%
    AMERICAN PACIFIC MORTGAGE CORPORATION $205,000 n/a 0.5%
    Carrington Mortgage Services, LLC $180,000 $205,000 13.9% 0.5%
    Wells Fargo Bank $205,000 n/a 0.5%
    FirstBank $200,000 n/a 0.5%
    FREEDOM MORTGAGE CORPORATION $995,000 $195,000 -80.4% 0.5%
    SUN WEST MORTGAGE COMPANY, INC. $195,000 n/a 0.5%
    International Bank of Commerce $360,000 $185,000 -48.6% 0.4%
    BECKAM FUNDING CORP. $180,000 n/a 0.4%
    CALCON MUTUAL MORTGAGE LLC $155,000 n/a 0.4%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $440,000 $155,000 -64.8% 0.4%
    NATIONS RELIABLE LENDING, LLC $105,000 $155,000 47.6% 0.4%
    RF Renovo Management Company, LLC $145,000 n/a 0.3%
    AMERISAVE MORTGAGE CORPORATION $145,000 $125,000 -13.8% 0.3%
    HOMESIDE FINANCIAL, LLC $265,000 $125,000 -52.8% 0.3%
    Paramount Residential Mortgage Group, Inc. $520,000 $125,000 -76.0% 0.3%
    U.S. Bank $125,000 n/a 0.3%
    Citadel Servicing Corporation $105,000 n/a 0.3%
    MICHIGAN MUTUAL, INC. $105,000 n/a 0.3%
    THRIVE MORTGAGE, LLC $280,000 $95,000 -66.1% 0.2%
    UNION HOME MORTGAGE CORP. $95,000 n/a 0.2%
    COUNTRYPLACE MORTGAGE, LTD. $85,000 n/a 0.2%
    United Community Bank $95,000 $85,000 -10.5% 0.2%
    H E B $75,000 n/a 0.2%
    TRIAD FINANCIAL SERVICES, INC. $75,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $650,000 $65,000 -90.0% 0.2%
    SECURITY FIRST Federal Credit Union $125,000 $65,000 -48.0% 0.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $85,000 $65,000 -23.5% 0.2%

    Rio Grande City - Roma's top lender by overall market share is LEADERONE FINANCIAL CORPORATION, with 14.8% market share. In second place, with 9.2%, is WILLOW BEND MORTGAGE COMPANY, LLC, having originated $3,860,000 in loans. In third place, with 8.5%, is Vantage Bank Texas, having originated $3,555,000 in loans. In fourth place, with 7.2%, is AMCAP MORTGAGE, LTD., having originated $3,025,000 in loans. In fifth place, with 6.4%, is QUICKEN LOANS, LLC, having originated $2,675,000 in loans.

    Rio Grande City - Roma Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Rio Grande City - Roma (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 $139,500 (9.5%) $163,584 (4.3%) 0.00 63
    2018-02-01 $126,000 (-2.7%) $156,894 (0.5%) 0.00 61
    2018-03-01 $129,000 (0.4%) $154,499 (-1.5%) 0.00 60
    2018-04-01 $140,750 (8.4%) $163,187 (3.8%) 0.00 50
    2018-05-01 $129,000 (0.8%) $157,840 (11.1%) 0.00 49
    2018-06-01 $129,000 (-3.7%) $159,327 (-0.9%) 0.00 46
    2018-07-01 $122,250 (-4.9%) $158,517 (2.0%) 0.00 46
    2018-08-01 $119,000 (-1.5%) $162,736 (8.7%) 0.00 41
    2018-09-01 $117,000 (-7.5%) $156,122 (0.9%) 0.00 41
    2018-10-01 $114,500 (-10.7%) $154,029 (0.7%) 0.00 44
    2018-11-01 $118,750 (-9.0%) $157,851 (2.5%) 0.00 50
    2018-12-01 $136,194 (-2.4%) $164,756 (2.8%) 0.00 51
    2019-01-01 $143,844 (3.1%) $163,664 (0.1%) 0.00 58
    2019-02-01 $143,377 (13.8%) $159,116 (1.4%) 0.00 62
    2019-03-01 $147,429 (14.3%) $160,745 (4.0%) 0.00 62
    2019-04-01 $147,304 (4.7%) $162,576 (-0.4%) 0.00 60
    2019-05-01 $149,000 (15.5%) $163,908 (3.8%) 0.00 59
    2019-06-01 $130,000 (0.8%) $170,881 (7.3%) 0.00 55
    2019-07-01 $141,513 (15.8%) $170,838 (7.8%) 0.00 60
    2019-08-01 $136,109 (14.4%) $164,307 (1.0%) 0.00 61
    2019-09-01 $124,235 (6.2%) $154,025 (-1.3%) 0.00 61
    2019-10-01 $115,000 (0.4%) $145,784 (-5.4%) 0.00 71
    2019-11-01 $115,000 (-3.2%) $150,352 (-4.8%) 0.00 76
    2019-12-01 $115,000 (-15.6%) $139,125 (-15.6%) 0.00 84
    2020-01-01 $115,000 (-20.1%) $142,326 (-13.0%) 0.00 90
    2020-02-01 $115,000 (-19.8%) $139,912 (-12.1%) 0.00 94
    2020-03-01 $115,000 (-22.0%) $139,105 (-13.5%) 0.00 99
    2020-04-01 $114,500 (-22.3%) $154,037 (-5.3%) 0.00 98
    2020-05-01 $114,500 (-23.2%) $154,842 (-5.5%) 0.00 98
    2020-06-01 $111,750 (-14.0%) $152,068 (-11.0%) 0.00 95
    2020-07-01 $114,000 (-19.4%) $154,514 (-9.6%) 0.00 92
    2020-08-01 $115,000 (-15.5%) $156,571 (-4.7%) 0.00 88
    2020-09-01 $115,000 (-7.4%) $139,283 (-9.6%) 0.00 81
    2020-10-01 $115,000 (0.0%) $141,258 (-3.1%) 0.00 83
    2020-11-01 $115,000 (0.0%) $147,215 (-2.1%) 0.00 81
    2020-12-01 $115,000 (0.0%) $153,567 (10.4%) 0.00 77
    2021-01-01 $145,000 (26.1%) $170,409 (19.7%) 0.00 59
    2021-02-01 $150,000 (30.4%) $175,639 (25.5%) 0.00 60
    2021-03-01 $150,000 (30.4%) $170,401 (22.5%) 0.00 54
    2021-04-01 $149,750 (30.8%) $165,623 (7.5%) 0.00 55
    2021-05-01 $157,250 (37.3%) $169,132 (9.2%) 0.00 51
    2021-06-01 $174,999 (56.6%) $186,940 (22.9%) 0.00 47
    2021-07-01 $165,000 (44.7%) $298,803 (93.4%) 0.00 49
    2021-08-01 $165,000 (43.5%) $298,578 (90.7%) 0.00 47
    2021-09-01 $166,250 (44.6%) $311,077 (123.3%) 0.00 42
    2021-10-01 $172,500 (50.0%) $305,863 (116.5%) 0.00 50
    2021-11-01 $169,950 (47.8%) $289,778 (96.8%) 0.00 59
    2021-12-01 $164,250 (42.8%) $286,297 (86.4%) 0.00 58
    2022-01-01 $172,500 (19.0%) $300,729 (76.5%) 0.00 55
    2022-02-01 $170,000 (13.3%) $299,441 (70.5%) 0.00 57
    2022-03-01 $177,500 (18.3%) $319,461 (87.5%) 0.00 49
    2022-04-01 $186,922 (24.8%) $329,515 (99.0%) 0.00 48
    2022-05-01 $202,375 (28.7%) $316,942 (87.4%) 0.00 55
    2022-06-01 $217,000 (24.0%) $334,722 (79.1%) 0.00 50
    2022-07-01 $229,500 (39.1%) $326,878 (9.4%) 0.00 52
    2022-08-01 $234,000 (41.8%) $318,197 (6.6%) 0.00 62
    2022-09-01 $234,950 (41.3%) $300,326 (-3.5%) 0.00 78
    2022-10-01 $239,250 (38.7%) $300,844 (-1.6%) 0.00 75
    2022-11-01 $243,850 (43.5%) $310,733 (7.2%) 0.00 73
    2022-12-01 $241,500 (47.0%) $310,611 (8.5%) 0.00 75
    2023-01-01 $243,850 (41.4%) $315,303 (4.9%) 0.00 72
    2023-02-01 $237,125 (39.5%) $313,133 (4.6%) 0.00 70
    2023-03-01 $228,000 (28.5%) $309,683 (-3.1%) 0.00 71
    2023-04-01 $219,333 (17.3%) $306,663 (-6.9%) 0.00 66
    2023-05-01 $220,125 (8.8%) $311,909 (-1.6%) 0.00 65
    2023-06-01 $206,250 (-5.0%) $311,964 (-6.8%) 0.00 66
    2023-07-01 $229,900 (0.2%) $321,503 (-1.6%) 0.00 70
    2023-08-01 $229,900 (-1.8%) $331,302 (4.1%) 0.00 70
    2023-09-01 $229,950 (-2.1%) $329,303 (9.7%) 0.00 72
    2023-10-01 $229,900 (-3.9%) $317,377 (5.5%) 0.00 75
    2023-11-01 $228,950 (-6.1%) $313,123 (0.8%) 0.00 75
    2023-12-01 $224,500 (-7.0%) $306,182 (-1.4%) 0.00 75
    2024-01-01 $223,450 (-8.4%) $300,719 (-4.6%) 0.00 75
    2024-02-01 $216,950 (-8.5%) $298,214 (-4.8%) 0.00 74
    2024-03-01 $216,950 (-4.9%) $291,350 (-5.9%) 0.00 85
    Rio Grande City - Roma's median listing price for 2024-03-01 was $216,950, a difference of $-11,050 (-4.9%) versus the prior year and $0 versus the prior month.

    Rio Grande City - Roma's median listing price comes in at 0% of the national average.

    Rio Grande City - Roma's average listing price for 2024-03-01 was $291,350, a difference of $-18,333 (-5.9%) versus the prior year and $-6,864 versus the prior month.

    For the 2024-03-01 period, Rio Grande City - Roma had 85 MLS listings, a difference of 11 listings (15%) versus the prior month and 14 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Rio Grande City - Roma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,891 sqft
    2018-02-01 0 days 1,823 sqft
    2018-03-01 0 days 1,847 sqft
    2018-04-01 0 days 1,887 sqft
    2018-05-01 0 days 1,846 sqft
    2018-06-01 0 days 1,900 sqft
    2018-07-01 0 days 1,823 sqft
    2018-08-01 0 days 1,975 sqft
    2018-09-01 0 days 1,823 sqft
    2018-10-01 0 days 1,813 sqft
    2018-11-01 0 days 1,813 sqft
    2018-12-01 0 days 1,926 sqft
    2019-01-01 0 days 1,894 sqft
    2019-02-01 0 days 1,839 sqft
    2019-03-01 0 days 1,917 sqft
    2019-04-01 0 days 1,926 sqft
    2019-05-01 0 days 1,943 sqft
    2019-06-01 0 days 1,844 sqft
    2019-07-01 0 days 1,834 sqft
    2019-08-01 0 days 1,740 sqft
    2019-09-01 0 days 1,615 sqft
    2019-10-01 0 days 1,524 sqft
    2019-11-01 0 days 1,466 sqft
    2019-12-01 0 days 1,466 sqft
    2020-01-01 0 days 1,408 sqft
    2020-02-01 0 days 1,415 sqft
    2020-03-01 0 days 1,325 sqft
    2020-04-01 0 days 1,415 sqft
    2020-05-01 0 days 1,418 sqft
    2020-06-01 0 days 1,329 sqft
    2020-07-01 0 days 1,328 sqft
    2020-08-01 0 days 1,305 sqft
    2020-09-01 0 days 1,280 sqft
    2020-10-01 0 days 1,305 sqft
    2020-11-01 0 days 1,391 sqft
    2020-12-01 0 days 1,443 sqft
    2021-01-01 0 days 1,768 sqft
    2021-02-01 0 days 1,852 sqft
    2021-03-01 0 days 1,901 sqft
    2021-04-01 0 days 1,864 sqft
    2021-05-01 0 days 1,846 sqft
    2021-06-01 0 days 1,900 sqft
    2021-07-01 0 days 1,872 sqft
    2021-08-01 0 days 1,779 sqft
    2021-09-01 0 days 1,777 sqft
    2021-10-01 0 days 1,655 sqft
    2021-11-01 0 days 1,670 sqft
    2021-12-01 0 days 1,633 sqft
    2022-01-01 0 days 1,690 sqft
    2022-02-01 0 days 1,791 sqft
    2022-03-01 0 days 1,741 sqft
    2022-04-01 0 days 1,793 sqft
    2022-05-01 0 days 1,804 sqft
    2022-06-01 0 days 1,878 sqft
    2022-07-01 0 days 1,878 sqft
    2022-08-01 0 days 1,836 sqft
    2022-09-01 0 days 1,845 sqft
    2022-10-01 0 days 1,909 sqft
    2022-11-01 0 days 1,887 sqft
    2022-12-01 0 days 1,844 sqft
    2023-01-01 0 days 1,845 sqft
    2023-02-01 0 days 1,846 sqft
    2023-03-01 0 days 1,853 sqft
    2023-04-01 0 days 1,816 sqft
    2023-05-01 0 days 1,795 sqft
    2023-06-01 0 days 1,738 sqft
    2023-07-01 0 days 1,802 sqft
    2023-08-01 0 days 1,825 sqft
    2023-09-01 0 days 1,802 sqft
    2023-10-01 0 days 1,786 sqft
    2023-11-01 0 days 1,767 sqft
    2023-12-01 0 days 1,783 sqft
    2024-01-01 0 days 1,744 sqft
    2024-02-01 0 days 1,716 sqft
    2024-03-01 0 days 1,598 sqft
    Rio Grande City - Roma's median listing age (time on market) for 2024-03-01 was 0 days.

    Rio Grande City - Roma's median square footage for active listings during the 2024-03-01 period was 1,598 sqft. One year prior, the average listing was 1,853 sqft.

    Rio Grande City-Roma, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 125 $26,965,000 $215,720
    Refi 44 $10,620,000 $241,364
    Cash Out Refi 16 $2,290,000 $143,125
    Other 13 $1,465,000 $112,692
    Home Improvement 5 $595,000 $119,000

    Rio Grande City - Roma's most frequently cited loan purpose was Home Purchase, with 125 originations. The 2nd most popular reason was Refi, with 44 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 83 $18,025,000 $217,169
    7-8% 47 $9,715,000 $206,702
    Over 8% 45 $5,685,000 $126,333
    5-6% 23 $4,255,000 $185,000
    4-5% 1 $195,000 $195,000

    During 2023, Rio Grande City - Roma's most frequently originated rate bucket was 6-7%, with 83 originations.

    Loan Sizing (Rio Grande City-Roma, TX MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 87 $22,915,000 $263,391
    $100k-200k 76 $11,630,000 $153,026
    $100,000 or less 36 $2,470,000 $68,611
    $400k-600k 3 $1,365,000 $455,000
    $Over $1MM 1 $3,555,000 $3,555,000

    Rio Grande City - Roma's loan sizing saw the bucket of loans from $200k-400k with 87 originations, totaling $22,915,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 129 $26,465,000 $205,155
    60-80% 44 $8,450,000 $192,045
    40-60% 20 $2,670,000 $133,500
    20-40% 3 $205,000 $68,333
    Under 20% 3 $85,000 $28,333

    Rio Grande City - Roma's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 129 originations, totaling $26,465,000 in origination value.