Rio Grande City - Roma Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

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%
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, 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.