Sweetwater 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 Sweetwater averaged 7.3% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 7.08% and one month ago for the week of 2024-03-14, the average rate was 6.74%.

    Sweetwater's average rate one year ago was 6.27%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Sweetwater 30 Year Fixed Rate 2024-04-18 7.3%
    Sweetwater 30 Year Fixed Rate Refi 2024-04-18 7%
    Sweetwater 15 Year Fixed Rate 2024-04-18 6.49%
    Sweetwater 15 Year Fixed Rate Refi 2024-04-18 6.49%
    Sweetwater 30 Year FHA 2024-04-18 7.06%
    Sweetwater 30 Year FHA Refi 2024-04-18 6.86%
    Sweetwater 30 Year USDA 2024-04-18 6.86%
    Sweetwater 30 Year USDA Refi 2024-04-18 6.76%
    Sweetwater 30 Year VA 2024-04-18 6.76%
    Sweetwater 30 Year VA Refi 2024-04-18 6.86%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Sweetwater, TX.

    Sweetwater 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 Sweetwater, 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
    First Financial Bank 11 7.03% $3,580
    CORNERSTONE HOME LENDING, INC. 7 7.85% $3,138
    Citizens Bank 3 7.29% $3,534
    QUICKEN LOANS, LLC 3 6.33% $7,320
    CARDINAL FINANCIAL 2 7.88% $5,072
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.06% $4,842
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.87% $8,491
    NEWREZ LLC 1 10.00% $5,691
    Prosperity Bank 1 5.50% $3,348
    Renasant Bank 1 8.00% $5,118
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.99% $5,903
    SWBC MORTGAGE CORPORATION 1 7.00% $4,200
    TEXAS TECH 1 7.63% $6,389
    21ST MORTGAGE CORPORATION 1 7.75% $6,934
    UNITED WHOLESALE MORTGAGE, LLC 1 7.00% $5,381
    AMERISAVE MORTGAGE CORPORATION 1 7.13% $7,291
    CHURCHILL MORTGAGE CORPORATION 1 7.88% $6,789
    Flagstar Bank, FSB 1 7.13% $7,421
    GENEVA FINANCIAL, LLC 1 6.38% $3,840
    GUARANTEED RATE, INC. 1 6.88% $6,466
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.38% $5,418

    Sweetwater Average Closing Costs & Other Stats

    Sweetwater, TX's 21 lenders originated 157 loans during 2023. The total origination value was $23,055,000, with an average loan value of $146,847.

    Sweetwater's average closing costs are $6,779.

    The top Sweetwater lender as defined by loan originations is First Financial Bank, with 11 loans originated. Their average total fees are $3,580, which is $442 higher than the next largest lender, CORNERSTONE HOME LENDING, INC..

    The lowest fee Sweetwater lenders (with over 10 loans originated) are First Financial Bank ($3,580), .

    The lowest rate Sweetwater lenders (with over 10 loans originated) are First Financial Bank (7.03%), .

    Sweetwater, 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
    First Financial Bank $7,665,000 $6,395,000 -16.6% 27.7%
    CORNERSTONE HOME LENDING, INC. $405,000 $1,840,000 354.3% 8.0%
    QUICKEN LOANS, LLC $1,615,000 $1,065,000 -34.1% 4.6%
    GUARANTEED RATE, INC. $320,000 $1,005,000 214.1% 4.4%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $330,000 $920,000 178.8% 4.0%
    21ST MORTGAGE CORPORATION $210,000 $900,000 328.6% 3.9%
    CARDINAL FINANCIAL $1,410,000 $800,000 -43.3% 3.5%
    Flagstar Bank, FSB $2,755,000 $765,000 -72.2% 3.3%
    UNITED WHOLESALE MORTGAGE, LLC $250,000 $750,000 200.0% 3.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $425,000 $640,000 50.6% 2.8%
    SUCCESS MORTGAGE PARTNERS, INC. $360,000 $550,000 52.8% 2.4%
    SOUTHWEST STAGE FUNDING, LLC $545,000 n/a 2.4%
    SWBC MORTGAGE CORPORATION $145,000 $470,000 224.1% 2.0%
    TEXAS TECH $175,000 $470,000 168.6% 2.0%
    Citizens Bank $165,000 $395,000 139.4% 1.7%
    MORTGAGE FINANCIAL SERVICES, LLC $390,000 n/a 1.7%
    Mortgage Research Center, LLC $745,000 $350,000 -53.0% 1.5%
    CHURCHILL MORTGAGE CORPORATION $345,000 n/a 1.5%
    Alliance Credit Union $145,000 $295,000 103.4% 1.3%
    LOANDEPOT.COM, LLC $155,000 $295,000 90.3% 1.3%
    AMERISAVE MORTGAGE CORPORATION $85,000 $270,000 217.6% 1.2%
    ABILENE TEACHERS Federal Credit Union $270,000 $235,000 -13.0% 1.0%
    Complex Community Federal Credit Union $235,000 n/a 1.0%
    MANN FINANCIAL INC. $225,000 n/a 1.0%
    Paramount Residential Mortgage Group, Inc. $225,000 n/a 1.0%
    Southwest Bank $225,000 n/a 1.0%
    Texas Heritage Bank $225,000 n/a 1.0%
    VILLAGE CAPITAL MORTGAGE $225,000 n/a 1.0%
    Carrington Mortgage Services, LLC $175,000 n/a 0.8%
    MUTUAL OF OMAHA MORTGAGE, INC. $170,000 n/a 0.7%
    GENEVA FINANCIAL, LLC $165,000 n/a 0.7%
    Commerce Home Mortgage, Inc. $135,000 n/a 0.6%
    NEWREZ LLC $115,000 n/a 0.5%
    Renasant Bank $115,000 n/a 0.5%
    LONGBRIDGE FINANCIAL, LLC $95,000 n/a 0.4%
    Wells Fargo Bank $95,000 n/a 0.4%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $85,000 n/a 0.4%
    City Bank $530,000 $75,000 -85.8% 0.3%
    JPMorgan Chase Bank $125,000 $75,000 -40.0% 0.3%
    LENDINGHOME FUNDING CORPORATION $75,000 n/a 0.3%
    TRIAD FINANCIAL SERVICES, INC. $75,000 n/a 0.3%
    University Bank $75,000 n/a 0.3%
    GARDNER FINANCIAL SERVICES, LTD. $65,000 n/a 0.3%
    INTERLINC MORTGAGE SERVICES, LLC $65,000 n/a 0.3%
    Prosperity Bank $215,000 $65,000 -69.8% 0.3%
    The Jacksboro National Bank $65,000 n/a 0.3%
    Bank of America $125,000 $55,000 -56.0% 0.2%
    Citizens Bank, N.A $55,000 n/a 0.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $55,000 n/a 0.2%

    Sweetwater's top lender by overall market share is First Financial Bank, with 27.7% market share. In second place, with 8.0%, is CORNERSTONE HOME LENDING, INC., having originated $1,840,000 in loans. In third place, with 4.6%, is QUICKEN LOANS, LLC, having originated $1,065,000 in loans. In fourth place, with 4.4%, is GUARANTEED RATE, INC., having originated $1,005,000 in loans. In fifth place, with 4.0%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $920,000 in loans.

    Sweetwater Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Sweetwater (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 $122,250 (7.8%) $152,034 (2.2%) 0.00 60
    2018-02-01 $121,250 (10.5%) $160,913 (9.8%) 0.00 57
    2018-03-01 $120,000 (9.3%) $159,393 (10.8%) 0.00 60
    2018-04-01 $104,950 (-6.5%) $167,390 (13.1%) 0.00 60
    2018-05-01 $113,375 (6.0%) $181,500 (29.3%) 0.00 69
    2018-06-01 $96,500 (-16.0%) $180,730 (32.7%) 0.00 70
    2018-07-01 $118,200 (-6.2%) $183,825 (27.2%) 0.00 69
    2018-08-01 $115,925 (-10.8%) $185,574 (31.3%) 0.00 68
    2018-09-01 $114,900 (-13.2%) $192,307 (34.2%) 0.00 68
    2018-10-01 $116,700 (-10.3%) $187,545 (27.8%) 0.00 69
    2018-11-01 $121,225 (-3.9%) $198,060 (40.3%) 0.00 55
    2018-12-01 $121,950 (6.1%) $202,626 (39.6%) 0.00 58
    2019-01-01 $123,900 (1.4%) $207,107 (36.2%) 0.00 56
    2019-02-01 $116,225 (-4.1%) $191,260 (18.9%) 0.00 56
    2019-03-01 $116,500 (-2.9%) $168,734 (5.9%) 0.00 56
    2019-04-01 $115,625 (10.2%) $138,848 (-17.1%) 0.00 60
    2019-05-01 $125,450 (10.7%) $134,122 (-26.1%) 0.00 59
    2019-06-01 $134,000 (38.9%) $146,921 (-18.7%) 0.00 52
    2019-07-01 $132,750 (12.3%) $141,177 (-23.2%) 0.00 55
    2019-08-01 $129,291 (11.5%) $134,715 (-27.4%) 0.00 55
    2019-09-01 $125,977 (9.6%) $129,700 (-32.6%) 0.00 53
    2019-10-01 $123,768 (6.1%) $130,703 (-30.3%) 0.00 51
    2019-11-01 $120,950 (-0.2%) $129,920 (-34.4%) 0.00 42
    2019-12-01 $119,775 (-1.8%) $135,743 (-33.0%) 0.00 39
    2020-01-01 $120,750 (-2.5%) $139,867 (-32.5%) 0.00 41
    2020-02-01 $130,500 (12.3%) $148,779 (-22.2%) 0.00 39
    2020-03-01 $132,850 (14.0%) $306,374 (81.6%) 0.00 40
    2020-04-01 $141,250 (22.2%) $307,875 (121.7%) 0.00 39
    2020-05-01 $148,250 (18.2%) $348,711 (160.0%) 0.00 34
    2020-06-01 $155,375 (16.0%) $360,841 (145.6%) 0.00 33
    2020-07-01 $147,625 (11.2%) $369,524 (161.7%) 0.00 33
    2020-08-01 $137,250 (6.2%) $327,192 (142.9%) 0.00 39
    2020-09-01 $136,125 (8.1%) $338,947 (161.3%) 0.00 38
    2020-10-01 $139,900 (13.0%) $342,628 (162.1%) 0.00 39
    2020-11-01 $149,675 (23.8%) $362,332 (178.9%) 0.00 36
    2020-12-01 $146,175 (22.0%) $367,629 (170.8%) 0.00 34
    2021-01-01 $144,500 (19.7%) $378,445 (170.6%) 0.00 32
    2021-02-01 $148,550 (13.8%) $194,480 (30.7%) 0.00 30
    2021-03-01 $119,081 (-10.4%) $171,328 (-44.1%) 0.00 26
    2021-04-01 $133,175 (-5.7%) $187,277 (-39.2%) 0.00 24
    2021-05-01 $129,900 (-12.4%) $153,660 (-55.9%) 0.00 31
    2021-06-01 $127,325 (-18.1%) $150,372 (-58.3%) 0.00 31
    2021-07-01 $149,900 (1.5%) $164,788 (-55.4%) 0.00 25
    2021-08-01 $149,975 (9.3%) $177,085 (-45.9%) 0.00 31
    2021-09-01 $155,000 (13.9%) $176,012 (-48.1%) 0.00 34
    2021-10-01 $161,450 (15.4%) $169,680 (-50.5%) 0.00 32
    2021-11-01 $140,500 (-6.1%) $150,227 (-58.5%) 0.00 26
    2021-12-01 $141,500 (-3.2%) $149,442 (-59.4%) 0.00 29
    2022-01-01 $136,250 (-5.7%) $153,533 (-59.4%) 0.00 28
    2022-02-01 $132,625 (-10.7%) $180,217 (-7.3%) 0.00 29
    2022-03-01 $125,100 (5.1%) $178,060 (3.9%) 0.00 31
    2022-04-01 $115,750 (-13.1%) $247,750 (32.3%) 0.00 31
    2022-05-01 $126,850 (-2.4%) $249,069 (62.1%) 0.00 33
    2022-06-01 $162,850 (27.9%) $249,754 (66.1%) 0.00 39
    2022-07-01 $111,950 (-25.3%) $219,227 (33.0%) 0.00 48
    2022-08-01 $166,624 (11.1%) $217,017 (22.6%) 0.00 48
    2022-09-01 $157,000 (1.3%) $219,083 (24.5%) 0.00 49
    2022-10-01 $152,450 (-5.6%) $209,073 (23.2%) 0.00 48
    2022-11-01 $135,750 (-3.4%) $199,337 (32.7%) 0.00 52
    2022-12-01 $149,900 (5.9%) $202,701 (35.6%) 0.00 53
    2023-01-01 $147,750 (8.4%) $205,257 (33.7%) 0.00 44
    2023-02-01 $141,500 (6.7%) $224,332 (24.5%) 0.00 48
    2023-03-01 $141,725 (13.3%) $242,037 (35.9%) 0.00 45
    2023-04-01 $115,000 (-0.7%) $219,844 (-11.3%) 0.00 47
    2023-05-01 $132,000 (4.1%) $213,885 (-14.1%) 0.00 52
    2023-06-01 $130,500 (-19.9%) $221,539 (-11.3%) 0.00 55
    2023-07-01 $125,000 (11.7%) $219,067 (-0.1%) 0.00 49
    2023-08-01 $149,700 (-10.2%) $237,964 (9.7%) 0.00 60
    2023-09-01 $149,000 (-5.1%) $240,500 (9.8%) 0.00 64
    2023-10-01 $151,750 (-0.5%) $233,589 (11.7%) 0.00 69
    2023-11-01 $162,500 (19.7%) $243,679 (22.3%) 0.00 69
    2023-12-01 $156,250 (4.2%) $244,497 (20.6%) 0.00 72
    2024-01-01 $139,250 (-5.8%) $213,359 (4.0%) 0.00 73
    2024-02-01 $135,225 (-4.4%) $191,517 (-14.6%) 0.00 72
    2024-03-01 $149,999 (5.8%) $204,983 (-15.3%) 0.00 71
    Sweetwater's median listing price for 2024-03-01 was $149,999, a difference of $8,274 (5.8%) versus the prior year and $14,774 versus the prior month.

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

    Sweetwater's average listing price for 2024-03-01 was $204,983, a difference of $-37,054 (-15.3%) versus the prior year and $13,466 versus the prior month.

    For the 2024-03-01 period, Sweetwater had 71 MLS listings, a difference of -1 listings (-1%) versus the prior month and 26 listings (58%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sweetwater (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,892 sqft
    2018-02-01 0 days 1,784 sqft
    2018-03-01 0 days 1,775 sqft
    2018-04-01 0 days 1,723 sqft
    2018-05-01 0 days 1,752 sqft
    2018-06-01 0 days 1,716 sqft
    2018-07-01 0 days 1,686 sqft
    2018-08-01 0 days 1,704 sqft
    2018-09-01 0 days 1,715 sqft
    2018-10-01 0 days 1,732 sqft
    2018-11-01 0 days 1,727 sqft
    2018-12-01 0 days 1,732 sqft
    2019-01-01 0 days 1,762 sqft
    2019-02-01 0 days 1,762 sqft
    2019-03-01 0 days 1,776 sqft
    2019-04-01 0 days 1,788 sqft
    2019-05-01 0 days 1,820 sqft
    2019-06-01 0 days 1,855 sqft
    2019-07-01 0 days 1,937 sqft
    2019-08-01 0 days 1,879 sqft
    2019-09-01 0 days 1,840 sqft
    2019-10-01 0 days 1,799 sqft
    2019-11-01 0 days 1,800 sqft
    2019-12-01 0 days 1,812 sqft
    2020-01-01 0 days 1,797 sqft
    2020-02-01 0 days 1,788 sqft
    2020-03-01 0 days 1,860 sqft
    2020-04-01 0 days 2,047 sqft
    2020-05-01 0 days 2,078 sqft
    2020-06-01 0 days 2,317 sqft
    2020-07-01 0 days 2,289 sqft
    2020-08-01 0 days 2,295 sqft
    2020-09-01 0 days 2,377 sqft
    2020-10-01 0 days 2,368 sqft
    2020-11-01 0 days 2,355 sqft
    2020-12-01 0 days 2,185 sqft
    2021-01-01 0 days 2,287 sqft
    2021-02-01 0 days 1,997 sqft
    2021-03-01 0 days 1,693 sqft
    2021-04-01 0 days 1,853 sqft
    2021-05-01 0 days 1,667 sqft
    2021-06-01 0 days 1,662 sqft
    2021-07-01 0 days 1,822 sqft
    2021-08-01 0 days 1,899 sqft
    2021-09-01 0 days 1,859 sqft
    2021-10-01 0 days 1,845 sqft
    2021-11-01 0 days 1,902 sqft
    2021-12-01 0 days 1,920 sqft
    2022-01-01 0 days 1,913 sqft
    2022-02-01 0 days 1,902 sqft
    2022-03-01 0 days 1,815 sqft
    2022-04-01 0 days 1,513 sqft
    2022-05-01 0 days 1,630 sqft
    2022-06-01 0 days 1,593 sqft
    2022-07-01 0 days 1,520 sqft
    2022-08-01 0 days 1,614 sqft
    2022-09-01 0 days 1,639 sqft
    2022-10-01 0 days 1,644 sqft
    2022-11-01 0 days 1,654 sqft
    2022-12-01 0 days 1,716 sqft
    2023-01-01 0 days 1,654 sqft
    2023-02-01 0 days 1,613 sqft
    2023-03-01 0 days 1,532 sqft
    2023-04-01 0 days 1,508 sqft
    2023-05-01 0 days 1,404 sqft
    2023-06-01 0 days 1,613 sqft
    2023-07-01 0 days 1,659 sqft
    2023-08-01 0 days 1,652 sqft
    2023-09-01 0 days 1,673 sqft
    2023-10-01 0 days 1,784 sqft
    2023-11-01 0 days 1,893 sqft
    2023-12-01 0 days 1,966 sqft
    2024-01-01 0 days 1,733 sqft
    2024-02-01 0 days 1,761 sqft
    2024-03-01 0 days 1,833 sqft
    Sweetwater's median listing age (time on market) for 2024-03-01 was 0 days.

    Sweetwater's median square footage for active listings during the 2024-03-01 period was 1,833 sqft. One year prior, the average listing was 1,532 sqft.

    Sweetwater, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 118 $18,610,000 $157,712
    Cash Out Refi 14 $2,080,000 $148,571
    Home Improvement 10 $690,000 $69,000
    Refi 10 $1,280,000 $128,000
    Other 5 $395,000 $79,000

    Sweetwater's most frequently cited loan purpose was Home Purchase, with 118 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    7-8% 50 $7,200,000 $144,000
    6-7% 48 $8,200,000 $170,833
    Over 8% 38 $4,160,000 $109,474
    5-6% 15 $2,835,000 $189,000
    <2.5% 1 $5,000 $5,000

    During 2023, Sweetwater's most frequently originated rate bucket was 7-8%, with 50 originations.

    Loan Sizing (Sweetwater, TX MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 71 $10,675,000 $150,352
    $100,000 or less 54 $3,840,000 $71,111
    $200k-400k 30 $7,380,000 $246,000
    $400k-600k 1 $475,000 $475,000
    $600k-1000k 1 $685,000 $685,000

    Sweetwater's loan sizing saw the bucket of loans from $100k-200k with 71 originations, totaling $10,675,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 90 $15,020,000 $166,889
    60-80% 32 $4,740,000 $148,125
    40-60% 19 $1,925,000 $101,316
    20-40% 6 $290,000 $48,333
    Under 20% 3 $165,000 $55,000
    Over 100% 2 $260,000 $130,000

    Sweetwater's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 90 originations, totaling $15,020,000 in origination value.