Rio Grande City - Roma Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Rio Grande City - Roma averaged
6.99%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7.22% and
one month ago for the week of 2023-02-09, the
average rate was 6.31%.
Rio Grande City - Roma's average rate one year ago was 3.62%.
For refis of the same type during the week of 2023-03-16, the average rate
was 7.29%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Rio Grande City - Roma 30 Year Fixed Rate | 2023-03-16 | 6.99% |
Rio Grande City - Roma 30 Year Fixed Rate Refi | 2023-03-16 | 7.29% |
Rio Grande City - Roma 15 Year Fixed Rate | 2023-03-16 | 7.19% |
Rio Grande City - Roma 15 Year Fixed Rate Refi | 2023-03-16 | 6.5% |
Rio Grande City - Roma 30 Year FHA | 2023-03-16 | 6.55% |
Rio Grande City - Roma 30 Year FHA Refi | 2023-03-16 | 6.55% |
Rio Grande City - Roma 30 Year USDA | 2023-03-16 | 5.97% |
Rio Grande City - Roma 30 Year VA | 2023-03-16 | 6.39% |
Rio Grande City - Roma 30 Year VA Refi | 2023-03-16 | 6.13% |
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.).
Rio Grande City - Roma Average Closing Costs & Other Stats
Rio Grande City-Roma, TX's 28 lenders originated 267
loans during 2022. The total origination value was $47,825,000, with an average loan value of
$179,120.
Rio Grande City - Roma's average closing costs are $6,728.
The top Rio Grande City - Roma lender as defined by loan originations is LEADERONE FINANCIAL CORPORATION, with
20 loans originated. Their average total fees are
$7,912, which is $3,129
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Rio Grande City - Roma lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($4,784), LEADERONE FINANCIAL CORPORATION ($7,912), .
The lowest rate Rio Grande City - Roma lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (5.46%), LEADERONE FINANCIAL CORPORATION (5.75%), .
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
LEADERONE FINANCIAL CORPORATION | $6,435,000 | $6,370,000 | -1.0% | 13.3% |
QUICKEN LOANS, LLC | $4,800,000 | $5,945,000 | 23.9% | 12.4% |
Lone Star National Bank | $2,265,000 | $3,690,000 | 62.9% | 7.7% |
WILLOW BEND MORTGAGE COMPANY, LLC | $1,965,000 | $3,510,000 | 78.6% | 7.3% |
SECURITY SERVICE | $1,650,000 | $2,080,000 | 26.1% | 4.3% |
CROSSCOUNTRY MORTGAGE, LLC | $1,235,000 | $1,625,000 | 31.6% | 3.4% |
NAVY ARMY COMMUNITY CREDIT UNION | $1,235,000 | $1,580,000 | 27.9% | 3.3% |
Rio Bank | $65,000 | $1,430,000 | 2,100.0% | 3.0% |
21ST MORTGAGE CORPORATION | $935,000 | $1,385,000 | 48.1% | 2.9% |
Town Square Mortgage & Investments, Inc. | $640,000 | $1,270,000 | 98.4% | 2.7% |
PNC Bank | $330,000 | $1,255,000 | 280.3% | 2.6% |
UNITED WHOLESALE MORTGAGE, LLC | $440,000 | $1,105,000 | 151.1% | 2.3% |
FREEDOM MORTGAGE CORPORATION | $1,375,000 | $995,000 | -27.6% | 2.1% |
ACADEMY MORTGAGE CORPORATION | $1,320,000 | $960,000 | -27.3% | 2.0% |
Mortgage Research Center, LLC | $910,000 | n/a | 1.9% | |
DIRECTIONS EQUITY, LLC | $435,000 | $900,000 | 106.9% | 1.9% |
AMCAP MORTGAGE, LTD. | $770,000 | $895,000 | 16.2% | 1.9% |
Gateway First Bank | $1,030,000 | $825,000 | -19.9% | 1.7% |
Texas National Bank | $205,000 | $795,000 | 287.8% | 1.7% |
Flagstar Bank, FSB | $75,000 | $695,000 | 826.7% | 1.5% |
Mr. Cooper ( Nationstar Mortgage ) | $620,000 | $650,000 | 4.8% | 1.4% |
Goldwater Bank, N.A. | $1,595,000 | $530,000 | -66.8% | 1.1% |
Paramount Residential Mortgage Group, Inc. | $520,000 | n/a | 1.1% | |
INTERLINC MORTGAGE SERVICES, LLC | $1,145,000 | $455,000 | -60.3% | 1.0% |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $105,000 | $440,000 | 319.0% | 0.9% |
JPMorgan Chase Bank | $310,000 | $385,000 | 24.2% | 0.8% |
GUARANTEED RATE, INC. | $380,000 | n/a | 0.8% | |
International Bank of Commerce | $710,000 | $360,000 | -49.3% | 0.8% |
CITY FIRST MORTGAGE SERVICES, L.L.C. | $295,000 | n/a | 0.6% | |
LOANDEPOT.COM, LLC | $105,000 | $295,000 | 181.0% | 0.6% |
Texas Regional Bank | $285,000 | n/a | 0.6% | |
THRIVE MORTGAGE, LLC | $685,000 | $280,000 | -59.1% | 0.6% |
HOMESIDE FINANCIAL, LLC | $265,000 | n/a | 0.6% | |
NAVY FEDERAL CREDIT UNION | $230,000 | n/a | 0.5% | |
Barrington Bank & Trust Company, N.A. | $215,000 | n/a | 0.4% | |
HAMILTON HOME LOANS, INC. | $415,000 | $215,000 | -48.2% | 0.4% |
Watermark Capital, Inc. | $215,000 | n/a | 0.4% | |
LOANPAL, LLC | $975,000 | $210,000 | -78.5% | 0.4% |
HOMESTAR FINANCIAL CORPORATION | $205,000 | n/a | 0.4% | |
Hometown Equity Mortgage, LLC | $195,000 | n/a | 0.4% | |
Lakeview Community Capital, LLC | $175,000 | $185,000 | 5.7% | 0.4% |
LAKEVIEW LOAN SERVICING, LLC | $265,000 | $185,000 | -30.2% | 0.4% |
Carrington Mortgage Services, LLC | $180,000 | n/a | 0.4% | |
First Horizon Bank | $175,000 | n/a | 0.4% | |
PLAZA HOME MORTGAGE, INC. | $155,000 | n/a | 0.3% | |
AMERISAVE MORTGAGE CORPORATION | $165,000 | $145,000 | -12.1% | 0.3% |
MORIA DEVELOPMENT, INC. | $145,000 | n/a | 0.3% | |
PENTAGON FEDERAL CREDIT UNION | $310,000 | $145,000 | -53.2% | 0.3% |
NETWORK CAPITAL FUNDING CORPORATION | $140,000 | n/a | 0.3% | |
BROKER SOLUTIONS, INC. | $125,000 | n/a | 0.3% | |
GREATER TEXAS FEDERAL CREDIT UNION | $65,000 | $125,000 | 92.3% | 0.3% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $125,000 | n/a | 0.3% | |
SECURITY FIRST Federal Credit Union | $125,000 | n/a | 0.3% | |
USAA Federal Savings Bank | $145,000 | $125,000 | -13.8% | 0.3% |
NATIONS RELIABLE LENDING, LLC | $220,000 | $105,000 | -52.3% | 0.2% |
SECURITYNATIONAL MORTGAGE COMPANY | $105,000 | n/a | 0.2% | |
The Huntington National Bank | $95,000 | n/a | 0.2% | |
United Community Bank | $95,000 | n/a | 0.2% | |
SOUTHWEST STAGE FUNDING, LLC | $115,000 | $85,000 | -26.1% | 0.2% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $315,000 | $85,000 | -73.0% | 0.2% |
PHH Mortgage Corporation | $75,000 | n/a | 0.2% | |
ROYAL UNITED MORTGAGE LLC | $150,000 | $75,000 | -50.0% | 0.2% |
Vantage Bank Texas | $105,000 | $75,000 | -28.6% | 0.2% |
RANDOLPH-BROOKS | $45,000 | $45,000 | 0.0% | 0.1% |
Frost Bank | $45,000 | $35,000 | -22.2% | 0.1% |
SHELL FEDERAL CREDIT UNION | $25,000 | n/a | 0.1% |
Rio Grande City - Roma's top lender by overall market share is LEADERONE FINANCIAL CORPORATION, with 13.3% market share. In second place, with 12.4%, is QUICKEN LOANS, LLC, having originated $5,945,000 in loans. In third place, with 7.7%, is Lone Star National Bank, having originated $3,690,000 in loans. In fourth place, with 7.3%, is WILLOW BEND MORTGAGE COMPANY, LLC, having originated $3,510,000 in loans. In fifth place, with 4.3%, is SECURITY SERVICE, having originated $2,080,000 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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $139,500 (11.6%) | $163,584 (5.9%) | 0.00 | 63 |
2018-02-01 | $125,000 (-2.5%) | $156,894 (2.0%) | 0.00 | 60 |
2018-03-01 | $131,250 (2.4%) | $154,924 (0.1%) | 0.00 | 59 |
2018-04-01 | $142,625 (10.4%) | $163,871 (5.0%) | 0.00 | 49 |
2018-05-01 | $125,450 (-1.1%) | $156,599 (5.5%) | 0.00 | 49 |
2018-06-01 | $125,000 (-6.4%) | $158,008 (-2.4%) | 0.00 | 46 |
2018-07-01 | $118,250 (-6.5%) | $155,793 (1.8%) | 0.00 | 50 |
2018-08-01 | $115,000 (-4.4%) | $157,244 (5.9%) | 0.00 | 46 |
2018-09-01 | $114,500 (-8.4%) | $153,455 (0.1%) | 0.00 | 45 |
2018-10-01 | $114,000 (-10.5%) | $154,223 (1.7%) | 0.00 | 47 |
2018-11-01 | $115,000 (-11.9%) | $155,448 (0.9%) | 0.00 | 53 |
2018-12-01 | $127,000 (-9.0%) | $161,367 (0.7%) | 0.00 | 52 |
2019-01-01 | $139,783 (0.2%) | $160,722 (-1.8%) | 0.00 | 60 |
2019-02-01 | $136,189 (9.0%) | $155,740 (-0.7%) | 0.00 | 65 |
2019-03-01 | $145,429 (10.8%) | $157,229 (1.5%) | 0.00 | 65 |
2019-04-01 | $146,679 (2.8%) | $181,173 (10.6%) | 0.00 | 62 |
2019-05-01 | $149,000 (18.8%) | $204,111 (30.3%) | 0.00 | 60 |
2019-06-01 | $136,639 (9.3%) | $215,659 (36.5%) | 0.00 | 56 |
2019-07-01 | $142,988 (20.9%) | $214,072 (37.4%) | 0.00 | 63 |
2019-08-01 | $136,745 (18.9%) | $203,933 (29.7%) | 0.00 | 64 |
2019-09-01 | $124,514 (8.8%) | $190,955 (24.4%) | 0.00 | 64 |
2019-10-01 | $115,000 (0.9%) | $180,835 (17.3%) | 0.00 | 74 |
2019-11-01 | $115,000 (0.0%) | $185,869 (19.6%) | 0.00 | 79 |
2019-12-01 | $115,000 (-9.5%) | $173,585 (7.6%) | 0.00 | 86 |
2020-01-01 | $115,000 (-17.7%) | $173,829 (8.2%) | 0.00 | 92 |
2020-02-01 | $115,000 (-15.6%) | $170,081 (9.2%) | 0.00 | 96 |
2020-03-01 | $115,000 (-20.9%) | $167,769 (6.7%) | 0.00 | 101 |
2020-04-01 | $115,000 (-21.6%) | $183,254 (1.2%) | 0.00 | 100 |
2020-05-01 | $115,000 (-22.8%) | $183,757 (-10.0%) | 0.00 | 100 |
2020-06-01 | $113,500 (-16.9%) | $181,766 (-15.7%) | 0.00 | 98 |
2020-07-01 | $115,000 (-19.6%) | $201,490 (-5.9%) | 0.00 | 94 |
2020-08-01 | $115,000 (-15.9%) | $203,109 (-0.4%) | 0.00 | 90 |
2020-09-01 | $115,000 (-7.6%) | $189,314 (-0.9%) | 0.00 | 85 |
2020-10-01 | $115,000 (0.0%) | $189,568 (4.8%) | 0.00 | 86 |
2020-11-01 | $115,000 (0.0%) | $174,696 (-6.0%) | 0.00 | 84 |
2020-12-01 | $115,000 (0.0%) | $182,756 (5.3%) | 0.00 | 80 |
2021-01-01 | $140,450 (22.1%) | $205,698 (18.3%) | 0.00 | 62 |
2021-02-01 | $146,000 (27.0%) | $211,546 (24.4%) | 0.00 | 63 |
2021-03-01 | $149,625 (30.1%) | $209,157 (24.7%) | 0.00 | 57 |
2021-04-01 | $149,750 (30.2%) | $206,399 (12.6%) | 0.00 | 57 |
2021-05-01 | $159,500 (38.7%) | $216,884 (18.0%) | 0.00 | 52 |
2021-06-01 | $175,000 (54.2%) | $234,392 (29.0%) | 0.00 | 49 |
2021-07-01 | $174,999 (52.2%) | $343,292 (70.4%) | 0.00 | 51 |
2021-08-01 | $166,950 (45.2%) | $346,162 (70.4%) | 0.00 | 49 |
2021-09-01 | $170,750 (48.5%) | $361,143 (90.8%) | 0.00 | 44 |
2021-10-01 | $175,000 (52.2%) | $351,792 (85.6%) | 0.00 | 52 |
2021-11-01 | $169,975 (47.8%) | $328,232 (87.9%) | 0.00 | 61 |
2021-12-01 | $166,225 (44.5%) | $326,102 (78.4%) | 0.00 | 60 |
2022-01-01 | $172,500 (22.8%) | $301,058 (46.4%) | 0.00 | 55 |
2022-02-01 | $169,750 (16.3%) | $298,014 (40.9%) | 0.00 | 57 |
2022-03-01 | $174,750 (16.8%) | $315,487 (50.8%) | 0.00 | 50 |
2022-04-01 | $186,922 (24.8%) | $325,030 (57.5%) | 0.00 | 50 |
2022-05-01 | $204,750 (28.4%) | $316,464 (45.9%) | 0.00 | 56 |
2022-06-01 | $217,000 (24.0%) | $334,722 (42.8%) | 0.00 | 50 |
2022-07-01 | $229,500 (31.1%) | $332,584 (-3.1%) | 0.00 | 52 |
2022-08-01 | $235,250 (40.9%) | $322,561 (-6.8%) | 0.00 | 63 |
2022-09-01 | $237,100 (38.9%) | $305,099 (-15.5%) | 0.00 | 79 |
2022-10-01 | $243,500 (39.1%) | $303,295 (-13.8%) | 0.00 | 75 |
2022-11-01 | $243,500 (43.3%) | $308,600 (-6.0%) | 0.00 | 74 |
2022-12-01 | $241,500 (45.3%) | $310,611 (-4.8%) | 0.00 | 75 |
2023-01-01 | $243,850 (41.4%) | $315,303 (4.7%) | 0.00 | 72 |
2023-02-01 | $237,125 (39.7%) | $313,133 (5.1%) | 0.00 | 70 |
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 2023-02-01 was $313,133, a difference of $15,119 (5.1%) versus the prior year and $-2,170 versus the prior month.
For the 2023-02-01 period, Rio Grande City - Roma had 70 MLS listings, a difference of -2 listings (-3%) versus the prior month and 13 listings (23%) 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. LouisDate | 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 | 1,835 sqft |
2018-04-01 | 0 days | 1,860 sqft |
2018-05-01 | 0 days | 1,837 sqft |
2018-06-01 | 0 days | 1,842 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 | 1,823 sqft |
2018-11-01 | 0 days | 1,776 sqft |
2018-12-01 | 0 days | 1,867 sqft |
2019-01-01 | 0 days | 1,839 sqft |
2019-02-01 | 0 days | 1,828 sqft |
2019-03-01 | 0 days | 1,858 sqft |
2019-04-01 | 0 days | 1,894 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 | 1,470 sqft |
2020-01-01 | 0 days | 1,411 sqft |
2020-02-01 | 0 days | 1,415 sqft |
2020-03-01 | 0 days | 1,349 sqft |
2020-04-01 | 0 days | 1,417 sqft |
2020-05-01 | 0 days | 1,421 sqft |
2020-06-01 | 0 days | 1,339 sqft |
2020-07-01 | 0 days | 1,358 sqft |
2020-08-01 | 0 days | 1,305 sqft |
2020-09-01 | 0 days | 1,282 sqft |
2020-10-01 | 0 days | 1,312 sqft |
2020-11-01 | 0 days | 1,391 sqft |
2020-12-01 | 0 days | 1,443 sqft |
2021-01-01 | 0 days | 1,732 sqft |
2021-02-01 | 0 days | 1,803 sqft |
2021-03-01 | 0 days | 1,864 sqft |
2021-04-01 | 0 days | 1,849 sqft |
2021-05-01 | 0 days | 1,846 sqft |
2021-06-01 | 0 days | 1,900 sqft |
2021-07-01 | 0 days | 1,852 sqft |
2021-08-01 | 0 days | 1,752 sqft |
2021-09-01 | 0 days | 1,728 sqft |
2021-10-01 | 0 days | 1,647 sqft |
2021-11-01 | 0 days | 1,663 sqft |
2021-12-01 | 0 days | 1,604 sqft |
2022-01-01 | 0 days | 1,690 sqft |
2022-02-01 | 0 days | 1,763 sqft |
2022-03-01 | 0 days | 1,687 sqft |
2022-04-01 | 0 days | 1,747 sqft |
2022-05-01 | 0 days | 1,769 sqft |
2022-06-01 | 0 days | 1,862 sqft |
2022-07-01 | 0 days | 1,878 sqft |
2022-08-01 | 0 days | 1,861 sqft |
2022-09-01 | 0 days | 1,863 sqft |
2022-10-01 | 0 days | 1,909 sqft |
2022-11-01 | 0 days | 1,872 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 |
Rio Grande City - Roma's median square footage for active listings during the 2023-02-01 period was 1,846 sqft. One year prior, the average listing was 1,763 sqft.
Rio Grande City-Roma, TX Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 143 | $25,835,000 | $180,664 |
Refi | 77 | $15,375,000 | $199,675 |
Cash Out Refi | 37 | $5,745,000 | $155,270 |
Home Improvement | 6 | $470,000 | $78,333 |
Other | 4 | $400,000 | $100,000 |
Rio Grande City - Roma's most frequently cited loan purpose was Home Purchase, with 143 originations. The 2nd most popular reason was Refi, with 77 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 68 | $12,250,000 | $180,147 |
3-4% | 52 | $8,770,000 | $168,654 |
4-5% | 51 | $10,085,000 | $197,745 |
6-7% | 42 | $7,920,000 | $188,571 |
2.5-3% | 17 | $2,815,000 | $165,588 |
Over 8% | 11 | $1,055,000 | $95,909 |
7-8% | 10 | $1,730,000 | $173,000 |
<2.5% | 8 | $900,000 | $112,500 |
During 2022, Rio Grande City - Roma's most frequently originated rate bucket was 5-6%, with 68 originations.
Loan Sizing (Rio Grande City-Roma, TX MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 120 | $18,000,000 | $150,000 |
$200k-400k | 91 | $22,925,000 | $251,923 |
$100,000 or less | 50 | $3,370,000 | $67,400 |
$400k-600k | 5 | $2,555,000 | $511,000 |
$600k-1000k | 1 | $975,000 | $975,000 |
Rio Grande City - Roma's loan sizing saw the bucket of loans from $100k-200k with 120 originations, totaling $18,000,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 162 | $30,260,000 | $186,790 |
60-80% | 62 | $11,420,000 | $184,194 |
40-60% | 20 | $2,520,000 | $126,000 |
20-40% | 10 | $620,000 | $62,000 |
Under 20% | 3 | $55,000 | $18,333 |
Over 100% | 2 | $650,000 | $325,000 |
Rio Grande City - Roma's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 162 originations, totaling $30,260,000 in origination value.