Sweetwater Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Sweetwater averaged 6.32% for the week of 2024-10-03, compared to the national average of 6.12% for the same period.

The average rate for the prior week (2024-09-26) was 6.18% and one month ago for the week of 2024-08-29, the average rate was 6.35%.

Sweetwater's average rate one year ago was 7.21%.

For refis of the same type during the week of 2024-10-03, the average rate was 6.02%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-03 6.12%
Sweetwater 30 Year Fixed Rate 2024-10-03 6.32%
Sweetwater 30 Year Fixed Rate Refi 2024-10-03 6.02%
Sweetwater 15 Year Fixed Rate 2024-10-03 5.15%
Sweetwater 15 Year Fixed Rate Refi 2024-10-03 5.75%
Sweetwater 30 Year FHA 2024-10-03 6.09%
Sweetwater 30 Year FHA Refi 2024-10-03 6.09%
Sweetwater 30 Year USDA 2024-10-03 5.77%
Sweetwater 30 Year USDA Refi 2024-10-03 6.17%
Sweetwater 30 Year VA 2024-10-03 5.8%
Sweetwater 30 Year VA Refi 2024-10-03 5.6%
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
2024-04-01 $142,450 (23.9%) $219,153 (-0.3%) 0.00 76
2024-05-01 $137,425 (4.1%) $210,487 (-1.6%) 0.00 77
2024-06-01 $150,000 (14.9%) $201,722 (-9.0%) 0.00 76
2024-07-01 $157,475 (26.0%) $199,650 (-8.9%) 0.00 83
2024-08-01 $174,450 (16.5%) $204,222 (-14.2%) 0.00 79
2024-09-01 $164,950 (10.7%) $215,267 (-10.5%) 0.00 80
Sweetwater's median listing price for 2024-09-01 was $164,950, a difference of $15,950 (10.7%) versus the prior year and $-9,500 versus the prior month.

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

Sweetwater's average listing price for 2024-09-01 was $215,267, a difference of $-25,233 (-10.5%) versus the prior year and $11,045 versus the prior month.

For the 2024-09-01 period, Sweetwater had 80 MLS listings, a difference of 1 listings (1%) versus the prior month and 16 listings (25%) 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
2024-04-01 0 days 1,869 sqft
2024-05-01 0 days 1,909 sqft
2024-06-01 0 days 1,849 sqft
2024-07-01 0 days 1,800 sqft
2024-08-01 0 days 1,790 sqft
2024-09-01 0 days 1,798 sqft
Sweetwater's median listing age (time on market) for 2024-09-01 was 0 days.

Sweetwater's median square footage for active listings during the 2024-09-01 period was 1,798 sqft. One year prior, the average listing was 1,673 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.