Rio Grande City - Roma Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Rio Grande City - Roma averaged
6.8%
for the week of 2024-12-12, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2024-12-05) was
6.59% and
one month ago for the week of 2024-11-07, the
average rate was 6.99%.
Rio Grande City - Roma's average rate one year ago was 6.83%.
For refis of the same type during the week of 2024-12-12, the average rate
was 7.1%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-12-12 | 6.6% |
| Rio Grande City - Roma 30 Year Fixed Rate | 2024-12-12 | 6.8% |
| Rio Grande City - Roma 30 Year Fixed Rate Refi | 2024-12-12 | 7.1% |
| Rio Grande City - Roma 15 Year Fixed Rate | 2024-12-12 | 5.84% |
| Rio Grande City - Roma 15 Year Fixed Rate Refi | 2024-12-12 | 6.04% |
| Rio Grande City - Roma 30 Year FHA | 2024-12-12 | 6.48% |
| Rio Grande City - Roma 30 Year FHA Refi | 2024-12-12 | 6.28% |
| Rio Grande City - Roma 30 Year USDA | 2024-12-12 | 6.3% |
| Rio Grande City - Roma 30 Year USDA Refi | 2024-12-12 | 6.2% |
| Rio Grande City - Roma 30 Year VA | 2024-12-12 | 5.98% |
| Rio Grande City - Roma 30 Year VA Refi | 2024-12-12 | 5.88% |
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, 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.