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 6.68% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 7.16% and one month ago for the week of 2023-02-16, the average rate was 6.98%.

    Sweetwater's average rate one year ago was 4.51%.

    For refis of the same type during the week of 2023-03-23, the average rate was 7.12%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Sweetwater 30 Year Fixed Rate 2023-03-23 6.68%
    Sweetwater 30 Year Fixed Rate Refi 2023-03-23 7.12%
    Sweetwater 15 Year Fixed Rate 2023-03-23 7.29%
    Sweetwater 15 Year Fixed Rate Refi 2023-03-23 6.34%
    Sweetwater 30 Year FHA 2023-03-23 6.41%
    Sweetwater 30 Year FHA Refi 2023-03-23 5.92%
    Sweetwater 30 Year USDA 2023-03-23 6.33%
    Sweetwater 30 Year VA 2023-03-23 6.39%
    Sweetwater 30 Year VA Refi 2023-03-23 5.8%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    First Financial Bank 15 6.00% $4,092
    Flagstar Bank, FSB 9 5.63% $6,009
    QUICKEN LOANS, LLC 4 5.62% $10,789
    City Bank 4 5.00% $4,606
    LOANPAL, LLC 2 5.25% $10,173
    UNITED WHOLESALE MORTGAGE, LLC 2 6.25% $5,047
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 5.75% $11,962
    GUARANTEED RATE, INC. 1 4.38% $4,217
    Affiliated Bank 1 4.63% $4,685
    LOANDEPOT.COM, LLC 1 4.88% $4,866
    ML Mortgage Corp. 1 4.00% $5,803
    NFM, INC. 1 6.00% $6,845
    Northpointe Bank 1 3.63% $10,421
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.88% $4,080
    Prosperity Bank 1 3.25% $3,864
    ROYAL UNITED MORTGAGE LLC 1 6.50% $6,775
    SUCCESS MORTGAGE PARTNERS, INC. 1 5.99% $3,311
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.88% $3,894
    AmeriHome Mortgage Company, LLC 1 3.50% $3,857
    CALIBER HOME LOANS, INC. 1 3.13% $6,755
    Citizens Bank 1 6.00% $3,636
    CORNERSTONE HOME LENDING, INC. 1 6.60% $3,627
    Education Credit Union 1 6.00% $4,498
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.38% $4,867

    Sweetwater Average Closing Costs & Other Stats

    Sweetwater, TX's 24 lenders originated 170 loans during 2022. The total origination value was $24,800,000, with an average loan value of $145,882.

    Sweetwater's average closing costs are $6,799.

    The top Sweetwater lender as defined by loan originations is First Financial Bank, with 15 loans originated. Their average total fees are $4,092, which is $1,917 lower than the next largest lender, Flagstar Bank, FSB.

    The lowest fee Sweetwater lenders (with over 10 loans originated) are First Financial Bank ($4,092), .

    The lowest rate Sweetwater lenders (with over 10 loans originated) are First Financial Bank (6.00%), .

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    First Financial Bank $11,655,000 $7,665,000 -34.2% 30.9%
    Flagstar Bank, FSB $2,995,000 $2,755,000 -8.0% 11.1%
    QUICKEN LOANS, LLC $3,655,000 $1,615,000 -55.8% 6.5%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $730,000 $1,410,000 93.2% 5.7%
    LOANPAL, LLC $1,000,000 n/a 4.0%
    Mortgage Research Center, LLC $1,430,000 $745,000 -47.9% 3.0%
    City Bank $715,000 $530,000 -25.9% 2.1%
    USAA Federal Savings Bank $645,000 $510,000 -20.9% 2.1%
    FIRST NATIONAL BANK OF WEATHERFORD $460,000 n/a 1.9%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $270,000 $425,000 57.4% 1.7%
    CORNERSTONE HOME LENDING, INC. $405,000 n/a 1.6%
    LRS FINANCIAL NETWORK, INC. $865,000 $375,000 -56.6% 1.5%
    SUCCESS MORTGAGE PARTNERS, INC. $360,000 n/a 1.5%
    First Bank & Trust $250,000 $340,000 36.0% 1.4%
    FREEDOM MORTGAGE CORPORATION $1,590,000 $330,000 -79.2% 1.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $125,000 $330,000 164.0% 1.3%
    GUARANTEED RATE, INC. $705,000 $320,000 -54.6% 1.3%
    ML Mortgage Corp. $305,000 n/a 1.2%
    Northpointe Bank $305,000 n/a 1.2%
    Gateway First Bank $1,015,000 $290,000 -71.4% 1.2%
    ABILENE TEACHERS Federal Credit Union $140,000 $270,000 92.9% 1.1%
    UNITED WHOLESALE MORTGAGE, LLC $175,000 $250,000 42.9% 1.0%
    MID AMERICA MORTGAGE, INC. $160,000 $215,000 34.4% 0.9%
    Prosperity Bank $65,000 $215,000 230.8% 0.9%
    21ST MORTGAGE CORPORATION $470,000 $210,000 -55.3% 0.8%
    AMCAP MORTGAGE, LTD. $95,000 $205,000 115.8% 0.8%
    COMMUNITIES OF ABILENE FEDERAL CREDIT UNION $65,000 $200,000 207.7% 0.8%
    TEXAS TECH $175,000 n/a 0.7%
    Citizens Bank $145,000 $165,000 13.8% 0.7%
    Republic State Mortgage Co. $780,000 $165,000 -78.8% 0.7%
    LOANDEPOT.COM, LLC $510,000 $155,000 -69.6% 0.6%
    Affiliated Bank $145,000 n/a 0.6%
    Alliance Credit Union $145,000 n/a 0.6%
    BROKER SOLUTIONS, INC. $145,000 n/a 0.6%
    CALIBER HOME LOANS, INC. $1,050,000 $145,000 -86.2% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $245,000 $145,000 -40.8% 0.6%
    NATIONS RELIABLE LENDING, LLC $145,000 n/a 0.6%
    NFM, INC. $145,000 n/a 0.6%
    SWBC MORTGAGE CORPORATION $575,000 $145,000 -74.8% 0.6%
    Bank of America $125,000 n/a 0.5%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $385,000 $125,000 -67.5% 0.5%
    JPMorgan Chase Bank $125,000 $125,000 0.0% 0.5%
    EVERETT FINANCIAL, INC. $105,000 n/a 0.4%
    LAKEVIEW LOAN SERVICING, LLC $165,000 $105,000 -36.4% 0.4%
    AmeriHome Mortgage Company, LLC $85,000 n/a 0.3%
    AMERISAVE MORTGAGE CORPORATION $195,000 $85,000 -56.4% 0.3%
    ROYAL UNITED MORTGAGE LLC $125,000 $85,000 -32.0% 0.3%
    Education Credit Union $65,000 n/a 0.3%
    The First National Bank of Albany $35,000 n/a 0.1%

    Sweetwater's top lender by overall market share is First Financial Bank, with 30.9% market share. In second place, with 11.1%, is Flagstar Bank, FSB, having originated $2,755,000 in loans. In third place, with 6.5%, is QUICKEN LOANS, LLC, having originated $1,615,000 in loans. In fourth place, with 5.7%, is CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP, having originated $1,410,000 in loans. In fifth place, with 4.0%, is LOANPAL, LLC, having originated $1,000,000 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 (10.0%) $152,034 (2.8%) 0.00 60
    2018-02-01 $121,250 (11.2%) $160,913 (11.6%) 0.00 57
    2018-03-01 $120,000 (9.6%) $159,393 (11.9%) 0.00 60
    2018-04-01 $109,725 (4.8%) $176,636 (21.8%) 0.00 61
    2018-05-01 $115,250 (15.8%) $189,565 (36.8%) 0.00 70
    2018-06-01 $98,000 (-14.5%) $187,915 (39.6%) 0.00 71
    2018-07-01 $118,200 (-5.4%) $183,825 (28.1%) 0.00 69
    2018-08-01 $115,925 (-10.5%) $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 (5.4%) $138,848 (-21.4%) 0.00 60
    2019-05-01 $125,450 (8.9%) $134,122 (-29.3%) 0.00 59
    2019-06-01 $134,000 (36.7%) $146,921 (-21.8%) 0.00 52
    2019-07-01 $132,750 (12.3%) $141,177 (-23.2%) 0.00 55
    2019-08-01 $129,700 (11.9%) $136,100 (-26.7%) 0.00 56
    2019-09-01 $127,000 (10.5%) $133,163 (-30.8%) 0.00 54
    2019-10-01 $125,200 (7.3%) $135,517 (-27.7%) 0.00 52
    2019-11-01 $124,500 (2.7%) $136,231 (-31.2%) 0.00 43
    2019-12-01 $120,000 (-1.6%) $142,315 (-29.8%) 0.00 40
    2020-01-01 $130,500 (5.3%) $146,499 (-29.3%) 0.00 43
    2020-02-01 $133,450 (14.8%) $154,855 (-19.0%) 0.00 41
    2020-03-01 $140,000 (20.2%) $305,246 (80.9%) 0.00 42
    2020-04-01 $153,000 (32.3%) $306,679 (120.9%) 0.00 41
    2020-05-01 $154,250 (23.0%) $344,813 (157.1%) 0.00 36
    2020-06-01 $155,750 (16.2%) $356,117 (142.4%) 0.00 35
    2020-07-01 $148,000 (11.5%) $363,807 (157.7%) 0.00 35
    2020-08-01 $137,500 (6.0%) $322,566 (137.0%) 0.00 40
    2020-09-01 $136,875 (7.8%) $333,911 (150.8%) 0.00 39
    2020-10-01 $138,700 (10.8%) $337,500 (149.1%) 0.00 40
    2020-11-01 $141,175 (13.4%) $356,105 (161.4%) 0.00 37
    2020-12-01 $138,725 (15.6%) $360,651 (153.4%) 0.00 35
    2021-01-01 $137,200 (5.1%) $370,844 (153.1%) 0.00 33
    2021-02-01 $145,850 (9.3%) $192,095 (24.1%) 0.00 31
    2021-03-01 $122,104 (-12.8%) $169,309 (-44.5%) 0.00 27
    2021-04-01 $127,725 (-16.5%) $184,749 (-39.8%) 0.00 25
    2021-05-01 $130,450 (-15.4%) $160,150 (-53.6%) 0.00 32
    2021-06-01 $128,700 (-17.4%) $157,914 (-55.7%) 0.00 32
    2021-07-01 $149,950 (1.3%) $173,315 (-52.4%) 0.00 26
    2021-08-01 $153,750 (11.8%) $183,980 (-43.0%) 0.00 32
    2021-09-01 $157,250 (14.9%) $182,651 (-45.3%) 0.00 35
    2021-10-01 $162,900 (17.5%) $175,144 (-48.1%) 0.00 33
    2021-11-01 $143,250 (1.5%) $157,769 (-55.7%) 0.00 27
    2021-12-01 $141,500 (2.0%) $153,212 (-57.5%) 0.00 29
    2022-01-01 $136,250 (-0.7%) $153,533 (-58.6%) 0.00 28
    2022-02-01 $134,500 (-7.8%) $183,082 (-4.7%) 0.00 29
    2022-03-01 $125,100 (2.5%) $178,060 (5.2%) 0.00 31
    2022-04-01 $115,750 (-9.4%) $247,750 (34.1%) 0.00 31
    2022-05-01 $126,850 (-2.8%) $249,069 (55.5%) 0.00 33
    2022-06-01 $162,850 (26.5%) $249,754 (58.2%) 0.00 39
    2022-07-01 $111,950 (-25.3%) $219,227 (26.5%) 0.00 48
    2022-08-01 $166,624 (8.4%) $217,017 (18.0%) 0.00 48
    2022-09-01 $157,000 (-0.2%) $219,083 (20.0%) 0.00 49
    2022-10-01 $152,450 (-6.4%) $209,073 (19.4%) 0.00 48
    2022-11-01 $135,750 (-5.2%) $199,337 (26.4%) 0.00 52
    2022-12-01 $149,900 (5.9%) $202,701 (32.3%) 0.00 53
    2023-01-01 $147,750 (8.4%) $205,257 (33.7%) 0.00 44
    2023-02-01 $141,500 (5.2%) $224,332 (22.5%) 0.00 48
    Sweetwater's median listing price for 2023-02-01 was $141,500, a difference of $7,000 (5.2%) versus the prior year and $-6,250 versus the prior month.

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

    Sweetwater's average listing price for 2023-02-01 was $224,332, a difference of $41,250 (22.5%) versus the prior year and $19,075 versus the prior month.

    For the 2023-02-01 period, Sweetwater had 48 MLS listings, a difference of 4 listings (9%) versus the prior month and 19 listings (66%) 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 1,737 sqft
    2018-05-01 0 days 1,764 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 1,881 sqft
    2019-09-01 0 days 1,847 sqft
    2019-10-01 0 days 1,807 sqft
    2019-11-01 0 days 1,804 sqft
    2019-12-01 0 days 1,820 sqft
    2020-01-01 0 days 1,812 sqft
    2020-02-01 0 days 1,800 sqft
    2020-03-01 0 days 1,859 sqft
    2020-04-01 0 days 1,984 sqft
    2020-05-01 0 days 2,047 sqft
    2020-06-01 0 days 2,238 sqft
    2020-07-01 0 days 2,228 sqft
    2020-08-01 0 days 2,287 sqft
    2020-09-01 0 days 2,364 sqft
    2020-10-01 0 days 2,359 sqft
    2020-11-01 0 days 2,334 sqft
    2020-12-01 0 days 2,146 sqft
    2021-01-01 0 days 2,170 sqft
    2021-02-01 0 days 1,957 sqft
    2021-03-01 0 days 1,780 sqft
    2021-04-01 0 days 1,839 sqft
    2021-05-01 0 days 1,672 sqft
    2021-06-01 0 days 1,665 sqft
    2021-07-01 0 days 1,828 sqft
    2021-08-01 0 days 1,975 sqft
    2021-09-01 0 days 1,886 sqft
    2021-10-01 0 days 1,872 sqft
    2021-11-01 0 days 1,932 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
    Sweetwater's median listing age (time on market) for 2023-02-01 was 0 days.

    Sweetwater's median square footage for active listings during the 2023-02-01 period was 1,613 sqft. One year prior, the average listing was 1,902 sqft.

    Sweetwater, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 112 $18,010,000 $160,804
    Cash Out Refi 36 $4,280,000 $118,889
    Refi 11 $1,695,000 $154,091
    Home Improvement 9 $695,000 $77,222
    Other 2 $120,000 $60,000

    Sweetwater's most frequently cited loan purpose was Home Purchase, with 112 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 47 $6,285,000 $133,723
    4-5% 33 $5,415,000 $164,091
    6-7% 31 $4,995,000 $161,129
    3-4% 29 $4,855,000 $167,414
    7-8% 14 $1,730,000 $123,571
    Over 8% 5 $325,000 $65,000
    2.5-3% 3 $255,000 $85,000
    <2.5% 3 $445,000 $148,333

    During 2022, Sweetwater's most frequently originated rate bucket was 5-6%, with 47 originations.

    Loan Sizing (Sweetwater, TX MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 81 $11,735,000 $144,877
    $100,000 or less 55 $3,415,000 $62,091
    $200k-400k 31 $8,135,000 $262,419
    $400k-600k 3 $1,515,000 $505,000

    Sweetwater's loan sizing saw the bucket of loans from $100k-200k with 81 originations, totaling $11,735,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 91 $14,865,000 $163,352
    60-80% 43 $6,115,000 $142,209
    40-60% 18 $2,140,000 $118,889
    20-40% 10 $600,000 $60,000
    Over 100% 2 $280,000 $140,000

    Sweetwater's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 91 originations, totaling $14,865,000 in origination value.