Sweetwater Mortgage Rates

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

30 Year Fixed Rate mortgages in Sweetwater averaged 6.24% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6.45% and one month ago for the week of 2022-05-26, the average rate was 5.34%.

Sweetwater's average rate one year ago was 3.68%.

For refis of the same type during the week of 2022-06-30, the average rate was 6.04%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Sweetwater 30 Year Fixed Rate 2022-06-30 6.24%
Sweetwater 30 Year Fixed Rate Refi 2022-06-30 6.04%
Sweetwater 15 Year Fixed Rate 2022-06-30 6.4%
Sweetwater 15 Year Fixed Rate Refi 2022-06-30 5.45%
Sweetwater 30 Year FHA 2022-06-30 6.02%
Sweetwater 30 Year FHA Refi 2022-06-30 5.99%
Sweetwater 30 Year USDA 2022-06-30 6.12%
Sweetwater 30 Year VA 2022-06-30 5.79%
Sweetwater 30 Year VA Refi 2022-06-30 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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
First Financial Bank 18 3.38% $3,208
Flagstar Bank, FSB 11 3.22% $4,585
QUICKEN LOANS, LLC 8 3.19% $5,362
Wells Fargo Bank 5 3.30% $4,067
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 3.75% $3,929
LRS FINANCIAL NETWORK, INC. 3 3.00% $4,115
GUARANTEED RATE, INC. 2 2.99% $5,717
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.87% $4,408
City Bank 2 3.31% $4,678
HOME POINT FINANCIAL CORPORATION 1 4.50% $4,180
LOANDEPOT.COM, LLC 1 3.50% $4,882
NEWREZ LLC 1 3.38% $4,932
OPEN MORTGAGE, LLC 1 3.63% $4,876
Republic State Mortgage Co. 1 3.75% $5,693
RESIDENTIAL BANCORP. 1 2.88% $3,146
SOUTHWEST FUNDING, LP 1 3.88% $4,808
STEARNS LENDING, LLC 1 3.13% $3,932
TIB The Independent Bankersbank 1 3.50% $4,248
UNITED WHOLESALE MORTGAGE, LLC 1 3.50% $4,977
Amarillo National Bank 1 2.88% $4,373
Wyndham Capital Mortgage, Inc. 1 4.00% $5,837
AMERISAVE MORTGAGE CORPORATION 1 2.50% $6,735
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.38% $1,051
BETTER MORTGAGE CORPORATION 1 2.88% $2,479
CALIBER HOME LOANS, INC. 1 3.65% $4,236
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.38% $3,804
First Bank & Trust 1 3.50% $5,037
FREEDOM MORTGAGE CORPORATION 1 3.88% $3,613
Gateway First Bank 1 3.25% $4,580

Sweetwater, TX's 29 lenders originated 249 loans during 2021. The total origination value was $38,565,000, with an average loan value of $154,880.

The top Sweetwater lender as defined by loan originations is First Financial Bank, with 18 loans originated. Their average total fees are $3,208, which is $1,378 lower than the next largest lender, Flagstar Bank, FSB.

The lowest fee Sweetwater lenders (with over 10 loans originated) are First Financial Bank ($3,208), Flagstar Bank, FSB ($4,585), .

The lowest rate Sweetwater lenders (with over 10 loans originated) are Flagstar Bank, FSB (3.22%), First Financial Bank (3.38%), .

Sweetwater, TX Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
First Financial Bank $5,565,000 $11,655,000 109.4% 30.2%
QUICKEN LOANS, LLC $1,740,000 $3,655,000 110.1% 9.5%
Flagstar Bank, FSB $810,000 $2,995,000 269.8% 7.8%
FREEDOM MORTGAGE CORPORATION $1,620,000 $1,590,000 -1.9% 4.1%
Mortgage Research Center, LLC $340,000 $1,430,000 320.6% 3.7%
CALIBER HOME LOANS, INC. $735,000 $1,050,000 42.9% 2.7%
Gateway First Bank $390,000 $1,015,000 160.3% 2.6%
Wells Fargo Bank $155,000 $895,000 477.4% 2.3%
LRS FINANCIAL NETWORK, INC. $865,000 n/a 2.2%
Republic State Mortgage Co. $175,000 $780,000 345.7% 2.0%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $730,000 n/a 1.9%
City Bank $340,000 $715,000 110.3% 1.9%
GUARANTEED RATE, INC. $235,000 $705,000 200.0% 1.8%
USAA Federal Savings Bank $645,000 n/a 1.7%
SWBC MORTGAGE CORPORATION $55,000 $575,000 945.5% 1.5%
OPEN MORTGAGE, LLC $520,000 $525,000 1.0% 1.4%
LOANDEPOT.COM, LLC $105,000 $510,000 385.7% 1.3%
21ST MORTGAGE CORPORATION $710,000 $470,000 -33.8% 1.2%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $55,000 $385,000 600.0% 1.0%
MORTGAGE FINANCIAL SERVICES, LLC $255,000 $370,000 45.1% 1.0%
CMG MORTGAGE, INC. $290,000 $360,000 24.1% 0.9%
VANDERBILT MORTGAGE AND FINANCE, INC. $360,000 $350,000 -2.8% 0.9%
HOME POINT FINANCIAL CORPORATION $330,000 n/a 0.9%
MOVEMENT MORTGAGE, LLC $305,000 n/a 0.8%
GUILD MORTGAGE COMPANY $145,000 $295,000 103.4% 0.8%
Carrington Mortgage Services, LLC $275,000 n/a 0.7%
VILLAGE CAPITAL & INVESTMENT LLC $275,000 $275,000 0.0% 0.7%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,060,000 $270,000 -74.5% 0.7%
First Bank & Trust $600,000 $250,000 -58.3% 0.6%
CLEARPATH LENDING $245,000 $245,000 0.0% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $55,000 $245,000 345.5% 0.6%
BETTER MORTGAGE CORPORATION $235,000 n/a 0.6%
Amarillo National Bank $205,000 n/a 0.5%
AMERISAVE MORTGAGE CORPORATION $195,000 n/a 0.5%
INTERLINC MORTGAGE SERVICES, LLC $600,000 $195,000 -67.5% 0.5%
STEARNS LENDING, LLC $105,000 $195,000 85.7% 0.5%
U.S. Bank $195,000 n/a 0.5%
HOMEBRIDGE FINANCIAL SERVICES, INC. $175,000 n/a 0.5%
UNITED WHOLESALE MORTGAGE, LLC $175,000 n/a 0.5%
LAKEVIEW LOAN SERVICING, LLC $165,000 n/a 0.4%
NEWREZ LLC $185,000 $165,000 -10.8% 0.4%
MID AMERICA MORTGAGE, INC. $160,000 n/a 0.4%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $145,000 n/a 0.4%
Citizens Bank $145,000 $145,000 0.0% 0.4%
ABILENE TEACHERS Federal Credit Union $300,000 $140,000 -53.3% 0.4%
JPMorgan Chase Bank $125,000 n/a 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $460,000 $125,000 -72.8% 0.3%
RESIDENTIAL BANCORP. $125,000 n/a 0.3%
ROYAL UNITED MORTGAGE LLC $125,000 n/a 0.3%
TIB The Independent Bankersbank $1,945,000 $115,000 -94.1% 0.3%
Wyndham Capital Mortgage, Inc. $105,000 n/a 0.3%
AMCAP MORTGAGE, LTD. $95,000 n/a 0.2%
SOUTHWEST FUNDING, LP $165,000 $85,000 -48.5% 0.2%
Secured Investment Corp. $75,000 n/a 0.2%
COMMUNITIES OF ABILENE FEDERAL CREDIT UNION $65,000 n/a 0.2%
Prosperity Bank $65,000 n/a 0.2%
SENTE MORTGAGE, INC. $65,000 n/a 0.2%
SOUTHWEST STAGE FUNDING, LLC $55,000 n/a 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $45,000 n/a 0.1%
Western Bank $45,000 n/a 0.1%

Sweetwater's top lender by overall market share is First Financial Bank, with 30.2% market share. In second place, with 9.5%, is QUICKEN LOANS, LLC, having originated $3,655,000 in loans. In third place, with 7.8%, is Flagstar Bank, FSB, having originated $2,995,000 in loans. In third place, with 4.1%, is FREEDOM MORTGAGE CORPORATION, having originated $1,590,000 in loans. In third place, with 3.7%, is Mortgage Research Center, LLC, having originated $1,430,000 in loans.


Sweetwater, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 149 $23,375,000 $156,879
Refi 56 $8,210,000 $146,607
Cash Out Refi 34 $6,240,000 $183,529
Home Improvement 6 $540,000 $90,000
Other 4 $200,000 $50,000

Sweetwater's most frequently cited loan purpose was Home Purchase, with 149 originations. The 2nd most popular reason was Refi, with 56 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 101 $14,615,000 $144,703
2.5-3% 66 $11,960,000 $181,212
<2.5% 30 $5,590,000 $186,333
4-5% 27 $4,545,000 $168,333
5-6% 13 $905,000 $69,615
Over 8% 7 $525,000 $75,000
7-8% 3 $235,000 $78,333
6-7% 2 $190,000 $95,000

During 2021, Sweetwater's most frequently originated rate bucket was 3-4%, with 101 originations.

Loan Sizing (Sweetwater, TX MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 115 $16,605,000 $144,391
$100,000 or less 77 $5,085,000 $66,039
$200k-400k 53 $13,745,000 $259,340
$400k-600k 2 $950,000 $475,000
$600k-1000k 1 $675,000 $675,000
$Over $1MM 1 $1,505,000 $1,505,000

Sweetwater's loan sizing saw the bucket of loans from $100k-200k with 115 originations, totaling $16,605,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 136 $23,540,000 $173,088
60-80% 72 $9,730,000 $135,139
40-60% 23 $2,195,000 $95,435
20-40% 7 $505,000 $72,143
Over 100% 6 $1,620,000 $270,000

Sweetwater's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 136 originations, totaling $23,540,000 in origination value.


Market Conditions (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 $119,500 (4.4%) $148,355 (-4.4%) 0.00 64
2018-02-01 $121,250 (16.0%) $156,816 (5.8%) 0.00 60
2018-03-01 $114,500 (4.3%) $153,206 (3.3%) 0.00 64
2018-04-01 $99,900 (-12.8%) $164,991 (9.0%) 0.00 63
2018-05-01 $110,000 (13.1%) $176,179 (30.8%) 0.00 73
2018-06-01 $95,000 (-8.1%) $174,680 (33.2%) 0.00 73
2018-07-01 $114,900 (-8.0%) $175,860 (26.9%) 0.00 69
2018-08-01 $114,700 (-9.0%) $180,847 (31.7%) 0.00 66
2018-09-01 $112,900 (-13.1%) $186,511 (31.9%) 0.00 67
2018-10-01 $112,450 (-13.1%) $183,443 (27.6%) 0.00 68
2018-11-01 $114,500 (-9.8%) $533,449 (281.1%) 0.00 56
2018-12-01 $114,900 (0.0%) $531,907 (272.6%) 0.00 59
2019-01-01 $115,000 (-3.8%) $549,118 (270.1%) 0.00 56
2019-02-01 $116,950 (-3.6%) $547,479 (249.1%) 0.00 55
2019-03-01 $117,286 (2.4%) $517,332 (237.7%) 0.00 56
2019-04-01 $115,250 (15.4%) $457,040 (177.0%) 0.00 61
2019-05-01 $125,450 (14.1%) $461,542 (162.0%) 0.00 59
2019-06-01 $134,000 (41.1%) $490,853 (181.0%) 0.00 52
2019-07-01 $134,000 (16.6%) $132,433 (-24.7%) 0.00 54
2019-08-01 $136,143 (18.7%) $136,783 (-24.4%) 0.00 57
2019-09-01 $138,643 (22.8%) $144,944 (-22.3%) 0.00 54
2019-10-01 $129,000 (14.7%) $141,771 (-22.7%) 0.00 54
2019-11-01 $129,000 (12.7%) $142,178 (-73.4%) 0.00 46
2019-12-01 $120,000 (4.4%) $147,004 (-72.4%) 0.00 41
2020-01-01 $130,500 (13.5%) $150,194 (-72.7%) 0.00 43
2020-02-01 $134,900 (15.4%) $162,883 (-70.3%) 0.00 40
2020-03-01 $140,000 (19.4%) $308,629 (-40.3%) 0.00 40
2020-04-01 $147,000 (27.6%) $309,975 (-32.2%) 0.00 39
2020-05-01 $159,000 (26.7%) $350,113 (-24.1%) 0.00 35
2020-06-01 $162,500 (21.3%) $370,649 (-24.5%) 0.00 34
2020-07-01 $160,000 (19.4%) $375,278 (183.4%) 0.00 35
2020-08-01 $135,000 (-0.8%) $325,805 (138.2%) 0.00 41
2020-09-01 $132,000 (-4.8%) $335,974 (131.8%) 0.00 40
2020-10-01 $139,900 (8.5%) $338,179 (138.5%) 0.00 42
2020-11-01 $149,900 (16.2%) $353,115 (148.4%) 0.00 39
2020-12-01 $142,450 (18.7%) $360,389 (145.2%) 0.00 35
2021-01-01 $149,900 (14.9%) $387,138 (157.8%) 0.00 33
2021-02-01 $160,000 (18.6%) $209,794 (28.8%) 0.00 30
2021-03-01 $126,263 (-9.8%) $196,286 (-36.4%) 0.00 26
2021-04-01 $147,450 (0.3%) $204,305 (-34.1%) 0.00 24
2021-05-01 $135,900 (-14.5%) $166,172 (-52.5%) 0.00 34
2021-06-01 $132,400 (-18.5%) $162,412 (-56.2%) 0.00 33
2021-07-01 $159,500 (-0.3%) $174,119 (-53.6%) 0.00 27
2021-08-01 $169,250 (25.4%) $183,312 (-43.7%) 0.00 34
2021-09-01 $165,000 (25.0%) $181,678 (-45.9%) 0.00 37
2021-10-01 $162,900 (16.4%) $173,577 (-48.7%) 0.00 36
2021-11-01 $145,000 (-3.3%) $156,550 (-55.7%) 0.00 28
2021-12-01 $141,500 (-0.7%) $149,158 (-58.6%) 0.00 31
2022-01-01 $132,500 (-11.6%) $154,621 (-60.1%) 0.00 29
2022-02-01 $121,200 (-24.3%) $180,117 (-14.2%) 0.00 30
2022-03-01 $119,450 (-5.4%) $170,294 (-13.2%) 0.00 35
2022-04-01 $99,000 (-32.9%) $196,568 (-3.8%) 0.00 33
2022-05-01 $119,900 (-11.8%) $206,058 (24.0%) 0.00 36
2022-06-01 $129,950 (-1.9%) $210,704 (29.7%) 0.00 40
Sweetwater's median listing price for 2022-06-01 was $129,950, a difference of $-2,450 (-1.9%) versus the prior year and $10,050 versus the prior month.

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

Sweetwater's average listing price for 2022-06-01 was $210,704, a difference of $48,292 (29.7%) versus the prior year and $4,646 versus the prior month.

For the 2022-06-01 period, Sweetwater had 40 MLS listings, a difference of 4 listings (11%) versus the prior month and 7 listings (21%) 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 1,879 sqft
2018-02-01 0 days 1,786 sqft
2018-03-01 0 days 1,718 sqft
2018-04-01 0 days 1,717 sqft
2018-05-01 0 days 1,736 sqft
2018-06-01 0 days 1,706 sqft
2018-07-01 0 days 1,678 sqft
2018-08-01 0 days 1,696 sqft
2018-09-01 0 days 1,696 sqft
2018-10-01 0 days 1,701 sqft
2018-11-01 0 days 1,686 sqft
2018-12-01 0 days 1,686 sqft
2019-01-01 0 days 1,686 sqft
2019-02-01 0 days 1,727 sqft
2019-03-01 0 days 1,749 sqft
2019-04-01 0 days 1,796 sqft
2019-05-01 0 days 1,840 sqft
2019-06-01 0 days 1,872 sqft
2019-07-01 0 days 1,971 sqft
2019-08-01 0 days 1,949 sqft
2019-09-01 0 days 1,920 sqft
2019-10-01 0 days 1,816 sqft
2019-11-01 0 days 1,808 sqft
2019-12-01 0 days 1,820 sqft
2020-01-01 0 days 1,810 sqft
2020-02-01 0 days 1,800 sqft
2020-03-01 0 days 1,881 sqft
2020-04-01 0 days 2,047 sqft
2020-05-01 0 days 2,052 sqft
2020-06-01 0 days 2,407 sqft
2020-07-01 0 days 2,295 sqft
2020-08-01 0 days 2,295 sqft
2020-09-01 0 days 2,387 sqft
2020-10-01 0 days 2,368 sqft
2020-11-01 0 days 2,368 sqft
2020-12-01 0 days 2,319 sqft
2021-01-01 0 days 2,350 sqft
2021-02-01 0 days 2,052 sqft
2021-03-01 0 days 1,890 sqft
2021-04-01 0 days 1,902 sqft
2021-05-01 0 days 1,728 sqft
2021-06-01 0 days 1,663 sqft
2021-07-01 0 days 1,822 sqft
2021-08-01 0 days 2,033 sqft
2021-09-01 0 days 1,949 sqft
2021-10-01 0 days 1,899 sqft
2021-11-01 0 days 1,944 sqft
2021-12-01 0 days 1,920 sqft
2022-01-01 0 days 1,913 sqft
2022-02-01 0 days 1,837 sqft
2022-03-01 0 days 1,702 sqft
2022-04-01 0 days 1,513 sqft
2022-05-01 0 days 1,526 sqft
2022-06-01 0 days 1,526 sqft
Sweetwater's median listing age (time on market) for 2022-06-01 was 0 days.

Sweetwater's median square footage for active listings during the 2022-06-01 period was 1,526 sqft. One year prior, the average listing was 1,663 sqft.