VICTORIA Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Victoria averaged
6.89%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
7.11% and
one month ago for the week of 2024-06-13, the
average rate was 7.27%.
Victoria's average rate one year ago was 7.08%.
For refis of the same type during the week of 2024-07-18, the average rate
was 6.87%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Victoria 30 Year Fixed Rate | 2024-07-18 | 6.89% |
| Victoria 30 Year Fixed Rate Refi | 2024-07-18 | 6.87% |
| Victoria 15 Year Fixed Rate | 2024-07-18 | 6.15% |
| Victoria 15 Year Fixed Rate Refi | 2024-07-18 | 6.15% |
| Victoria 30 Year FHA | 2024-07-18 | 6.55% |
| Victoria 30 Year FHA Refi | 2024-07-18 | 6.79% |
| Victoria 30 Year USDA | 2024-07-18 | 6.83% |
| Victoria 30 Year USDA Refi | 2024-07-18 | 6.63% |
| Victoria 30 Year VA | 2024-07-18 | 6.43% |
| Victoria 30 Year VA Refi | 2024-07-18 | 6.2% |
VICTORIA 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 VICTORIA, 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.).
VICTORIA Average Closing Costs & Other Stats
VICTORIA, TX's 74 lenders originated 1,058
loans during 2023. The total origination value was $232,450,000, with an average loan value of
$219,707.
VICTORIA's average closing costs are $5,742.
The top VICTORIA lender as defined by loan originations is Prosperity Bank, with
96 loans originated. Their average total fees are
$4,412, which is $724
lower than the next largest lender,
TEXAS DOW EMPLOYEES CREDIT UNION.
The lowest fee VICTORIA lenders (with over 10 loans originated) are
FIRST CHOICE MH LLC ($2,954), Prosperity Bank ($4,412), TEXAS DOW EMPLOYEES CREDIT UNION ($5,136), QUICKEN LOANS, LLC ($6,003) and UNITED WHOLESALE MORTGAGE, LLC ($6,847).
The lowest rate VICTORIA lenders (with over 10 loans originated) are
Prosperity Bank (6.41%), Wallick & Volk, Inc. (6.68%), UNITED WHOLESALE MORTGAGE, LLC (6.96%), QUICKEN LOANS, LLC (7.08%) and TEXAS DOW EMPLOYEES CREDIT UNION (7.29%).
VICTORIA, 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 |
|---|---|---|---|---|
| Prosperity Bank | $54,780,000 | $40,980,000 | -25.2% | 17.6% |
| Wallick & Volk, Inc. | $27,470,000 | $31,060,000 | 13.1% | 13.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $26,070,000 | $22,880,000 | -12.2% | 9.8% |
| TEXAS DOW EMPLOYEES CREDIT UNION | $26,810,000 | $20,800,000 | -22.4% | 8.9% |
| QUICKEN LOANS, LLC | $20,945,000 | $8,350,000 | -60.1% | 3.6% |
| Mortgage Research Center, LLC | $7,960,000 | $6,180,000 | -22.4% | 2.7% |
| AMCAP MORTGAGE, LTD. | $4,470,000 | $4,985,000 | 11.5% | 2.1% |
| WESTSTAR MORTGAGE CORPORATION | $8,065,000 | $4,620,000 | -42.7% | 2.0% |
| 21ST MORTGAGE CORPORATION | $4,130,000 | $3,605,000 | -12.7% | 1.6% |
| LIMA ONE CAPITAL, LLC | $1,135,000 | $3,055,000 | 169.2% | 1.3% |
| Newfirst National Bank | $2,995,000 | n/a | 1.3% | |
| CARDINAL FINANCIAL | $1,235,000 | $2,675,000 | 116.6% | 1.2% |
| Crossroads Bank | $4,460,000 | $2,665,000 | -40.2% | 1.1% |
| Wells Fargo Bank | $8,065,000 | $2,475,000 | -69.3% | 1.1% |
| FIRST STATE BANK | $2,085,000 | n/a | 0.9% | |
| CMG MORTGAGE, INC. | $1,035,000 | $2,075,000 | 100.5% | 0.9% |
| First National Bank in Port Lavaca | $4,975,000 | $2,055,000 | -58.7% | 0.9% |
| TRIAD FINANCIAL SERVICES, INC. | $1,170,000 | $1,980,000 | 69.2% | 0.9% |
| JPMorgan Chase Bank | $620,000 | $1,970,000 | 217.7% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $1,725,000 | $1,960,000 | 13.6% | 0.8% |
| DRAPER AND KRAMER MORTGAGE CORP. | $2,770,000 | $1,780,000 | -35.7% | 0.8% |
| TrustTexas Bank, SSB | $4,135,000 | $1,760,000 | -57.4% | 0.8% |
| First National Bank of Shiner | $1,745,000 | n/a | 0.8% | |
| Plains Commerce Bank | $1,565,000 | n/a | 0.7% | |
| Frost Bank | $490,000 | $1,380,000 | 181.6% | 0.6% |
| American Bank | $185,000 | $1,375,000 | 643.2% | 0.6% |
| Bank of America | $575,000 | $1,335,000 | 132.2% | 0.6% |
| NEWREZ LLC | $1,230,000 | $1,280,000 | 4.1% | 0.6% |
| SOUTHWEST STAGE FUNDING, LLC | $2,065,000 | $1,250,000 | -39.5% | 0.5% |
| U.S. Bank | $740,000 | $1,140,000 | 54.1% | 0.5% |
| USAA Federal Savings Bank | $2,405,000 | $1,125,000 | -53.2% | 0.5% |
| Flagstar Bank, FSB | $1,840,000 | $1,050,000 | -42.9% | 0.5% |
| Equity Prime Mortgage LLC | $1,040,000 | n/a | 0.4% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,910,000 | $990,000 | -48.2% | 0.4% |
| INTEGRITY MORTGAGE CORPORATION OF TEXAS | $970,000 | n/a | 0.4% | |
| RANDOLPH-BROOKS | $1,060,000 | $965,000 | -9.0% | 0.4% |
| NAVY ARMY COMMUNITY CREDIT UNION | $1,335,000 | $960,000 | -28.1% | 0.4% |
| FIRST CHOICE MH LLC | $920,000 | n/a | 0.4% | |
| First Liberty Bank | $905,000 | n/a | 0.4% | |
| PENNYMAC LOAN SERVICES, LLC | $2,840,000 | $890,000 | -68.7% | 0.4% |
| Farm Credit Mid-America, ACA | $255,000 | $870,000 | 241.2% | 0.4% |
| First Horizon Bank | $820,000 | n/a | 0.4% | |
| AMERISAVE MORTGAGE CORPORATION | $1,085,000 | $795,000 | -26.7% | 0.3% |
| GUARANTEED RATE, INC. | $605,000 | $765,000 | 26.4% | 0.3% |
| H E B | $430,000 | $750,000 | 74.4% | 0.3% |
| FREEDOM MORTGAGE CORPORATION | $2,375,000 | $725,000 | -69.5% | 0.3% |
| INTERLINC MORTGAGE SERVICES, LLC | $430,000 | $725,000 | 68.6% | 0.3% |
| AMERICAN FINANCING CORPORATION | $670,000 | $720,000 | 7.5% | 0.3% |
| Discover Bank | $700,000 | n/a | 0.3% | |
| UNITED BUILT HOMES, L.L.C. | $275,000 | $700,000 | 154.5% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,915,000 | $695,000 | -76.2% | 0.3% |
| Network Funding, L.P. | $770,000 | $690,000 | -10.4% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $825,000 | $670,000 | -18.8% | 0.3% |
| PNC Bank | $665,000 | n/a | 0.3% | |
| BROKER SOLUTIONS, INC. | $1,030,000 | $650,000 | -36.9% | 0.3% |
| PLANET HOME LENDING, LLC | $330,000 | $610,000 | 84.8% | 0.3% |
| GUARANTEED RATE AFFINITY, LLC | $605,000 | n/a | 0.3% | |
| COUNTRYPLACE MORTGAGE, LTD. | $960,000 | $600,000 | -37.5% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $470,000 | $595,000 | 26.6% | 0.3% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,540,000 | $590,000 | -61.7% | 0.3% |
| Gateway First Bank | $2,235,000 | $580,000 | -74.0% | 0.2% |
| CSL Financial, LLC | $180,000 | $540,000 | 200.0% | 0.2% |
| SECURITYNATIONAL MORTGAGE COMPANY | $395,000 | $535,000 | 35.4% | 0.2% |
| CORNERSTONE HOME LENDING, INC. | $720,000 | $515,000 | -28.5% | 0.2% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $920,000 | $500,000 | -45.7% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $520,000 | $495,000 | -4.8% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,255,000 | $485,000 | -78.5% | 0.2% |
| SECURITY SERVICE | $460,000 | $485,000 | 5.4% | 0.2% |
| Extraco Banks | $465,000 | n/a | 0.2% | |
| LENDINGHOME FUNDING CORPORATION | $865,000 | $455,000 | -47.4% | 0.2% |
| F & M Bank | $450,000 | n/a | 0.2% | |
| UNIVERSITY Federal Credit Union | $335,000 | $450,000 | 34.3% | 0.2% |
| GUILD MORTGAGE COMPANY | $1,765,000 | $445,000 | -74.8% | 0.2% |
| GARDNER FINANCIAL SERVICES, LTD. | $440,000 | n/a | 0.2% | |
| Kleberg Bank, N.A | $440,000 | n/a | 0.2% | |
| CHEVRON | $435,000 | n/a | 0.2% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,010,000 | $435,000 | -56.9% | 0.2% |
| ACADEMY MORTGAGE CORPORATION | $965,000 | $395,000 | -59.1% | 0.2% |
| RESIDENTIAL BANCORP | $375,000 | n/a | 0.2% | |
| LOANDEPOT.COM, LLC | $3,045,000 | $365,000 | -88.0% | 0.2% |
| Round Top State Bank | $365,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $240,000 | $360,000 | 50.0% | 0.2% |
| THRIVE MORTGAGE, LLC | $795,000 | $355,000 | -55.3% | 0.2% |
| LOANPAL, LLC | $380,000 | $350,000 | -7.9% | 0.2% |
| NexBank | $435,000 | $350,000 | -19.5% | 0.2% |
| S&S Financial | $345,000 | n/a | 0.1% | |
| DUGOOD FEDERAL CREDIT UNION | $335,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $520,000 | $330,000 | -36.5% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $140,000 | $315,000 | 125.0% | 0.1% |
| NATIONS RELIABLE LENDING, LLC | $2,075,000 | $310,000 | -85.1% | 0.1% |
| Colonial Savings, F.A. | $265,000 | $305,000 | 15.1% | 0.1% |
| OCMBC, INC. | $215,000 | $295,000 | 37.2% | 0.1% |
| UNION HOME MORTGAGE CORP. | $565,000 | $290,000 | -48.7% | 0.1% |
| BOKF | $210,000 | $285,000 | 35.7% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $440,000 | $285,000 | -35.2% | 0.1% |
| Loan Simple, Inc. | $735,000 | $280,000 | -61.9% | 0.1% |
| MORTGAGE FINANCIAL SERVICES, LLC | $370,000 | $280,000 | -24.3% | 0.1% |
| First Community Bank | $8,205,000 | $275,000 | -96.6% | 0.1% |
| NJ LENDERS CORP. | $265,000 | n/a | 0.1% | |
| First United Bank and Trust Company | $450,000 | $255,000 | -43.3% | 0.1% |
| Carrington Mortgage Services, LLC | $850,000 | $250,000 | -70.6% | 0.1% |
| BRAZOS VALLEY SCHOOLS | $245,000 | n/a | 0.1% | |
| First State Bank | $245,000 | n/a | 0.1% | |
| LOANPEOPLE, LLC | $1,515,000 | $245,000 | -83.8% | 0.1% |
| Simmons Bank | $195,000 | $245,000 | 25.6% | 0.1% |
| NFM, INC. | $235,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $305,000 | $235,000 | -23.0% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $510,000 | $235,000 | -53.9% | 0.1% |
| MANN FINANCIAL INC. | $225,000 | n/a | 0.1% | |
| The Falls City National Bank | $225,000 | n/a | 0.1% | |
| V.I.P. MORTGAGE, INC. | $225,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $220,000 | n/a | 0.1% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $215,000 | n/a | 0.1% | |
| S1L, Inc. | $215,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $195,000 | n/a | 0.1% | |
| Presidential Bank, FSB | $195,000 | n/a | 0.1% | |
| United Heritage Credit Union | $195,000 | n/a | 0.1% | |
| HOMETRUST MORTGAGE COMPANY | $185,000 | n/a | 0.1% | |
| SWBC MORTGAGE CORPORATION | $425,000 | $175,000 | -58.8% | 0.1% |
| VAN DYK MORTGAGE CORPORATION | $280,000 | $175,000 | -37.5% | 0.1% |
| CALIBER HOME LOANS, INC. | $4,060,000 | $165,000 | -95.9% | 0.1% |
| DIRECTIONS EQUITY, LLC | $165,000 | n/a | 0.1% | |
| Stride Bank | $165,000 | n/a | 0.1% | |
| Truist | $165,000 | n/a | 0.1% | |
| First National Bank Texas | $155,000 | n/a | 0.1% | |
| BARTON CREEK LENDING GROUP, LLC | $145,000 | n/a | 0.1% | |
| PINNACLE LENDING GROUP, INC. | $135,000 | n/a | 0.1% | |
| RB MORTGAGE LLC | $135,000 | n/a | 0.1% | |
| Regions Bank | $280,000 | $135,000 | -51.8% | 0.1% |
| Watermark Capital, Inc. | $135,000 | n/a | 0.1% | |
| Northpointe Bank | $120,000 | n/a | 0.1% | |
| AMPLIFY | $305,000 | $115,000 | -62.3% | 0.0% |
| MICHIGAN MUTUAL, INC. | $515,000 | $115,000 | -77.7% | 0.0% |
| MidFirst Bank | $115,000 | n/a | 0.0% | |
| FirstBank | $95,000 | n/a | 0.0% | |
| Neighborhood Loans, Inc. | $195,000 | $95,000 | -51.3% | 0.0% |
| Texas Mortgage Lending, LLC | $85,000 | n/a | 0.0% | |
| Credit Union of Texas | $80,000 | n/a | 0.0% | |
| Ally Bank | $295,000 | $75,000 | -74.6% | 0.0% |
| Deere Employees Credit Union | $65,000 | $75,000 | 15.4% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $65,000 | n/a | 0.0% | |
| United Community Bank | $55,000 | n/a | 0.0% | |
| A+ Federal Credit Union | $590,000 | $35,000 | -94.1% | 0.0% |
| International Bank of Commerce | $370,000 | $25,000 | -93.2% | 0.0% |
VICTORIA's top lender by overall market share is Prosperity Bank, with 17.6% market share. In second place, with 13.4%, is Wallick & Volk, Inc., having originated $31,060,000 in loans. In third place, with 9.8%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $22,880,000 in loans. In fourth place, with 8.9%, is TEXAS DOW EMPLOYEES CREDIT UNION, having originated $20,800,000 in loans. In fifth place, with 3.6%, is QUICKEN LOANS, LLC, having originated $8,350,000 in loans.
VICTORIA, TX Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 77901 | Victoria, TX MSA | $880 | $950 | $1,180 | $1,500 | $1,700 |
| 77902 | Victoria, TX MSA | $880 | $950 | $1,180 | $1,500 | $1,700 |
| 77903 | Victoria, TX MSA | $880 | $950 | $1,180 | $1,500 | $1,700 |
| 77904 | Victoria, TX MSA | $940 | $1,020 | $1,270 | $1,620 | $1,820 |
| 77905 | Victoria, TX MSA | $850 | $920 | $1,140 | $1,450 | $1,640 |
| 77951 | Victoria, TX MSA | $710 | $780 | $970 | $1,240 | $1,410 |
| 77960 | Victoria, TX MSA | $770 | $840 | $1,040 | $1,330 | $1,500 |
| 77963 | Victoria, TX MSA | $740 | $800 | $1,000 | $1,270 | $1,440 |
| 77968 | Victoria, TX MSA | $710 | $780 | $970 | $1,240 | $1,410 |
| 77973 | Victoria, TX MSA | $830 | $890 | $1,110 | $1,410 | $1,590 |
| 77974 | Victoria, TX MSA | $910 | $990 | $1,230 | $1,570 | $1,770 |
| 77976 | Victoria, TX MSA | $910 | $990 | $1,230 | $1,570 | $1,770 |
| 77977 | Victoria, TX MSA | $710 | $780 | $970 | $1,240 | $1,410 |
| 77979 | Victoria, TX MSA | $710 | $780 | $970 | $1,240 | $1,410 |
| 77988 | Victoria, TX MSA | $780 | $840 | $1,050 | $1,330 | $1,510 |
| 77993 | Victoria, TX MSA | $750 | $810 | $1,010 | $1,280 | $1,450 |
| 77995 | Victoria, TX MSA | $710 | $780 | $970 | $1,240 | $1,410 |
| 78107 | Victoria, TX MSA | $710 | $780 | $970 | $1,240 | $1,410 |
| 78119 | Victoria, TX MSA | $710 | $780 | $970 | $1,240 | $1,410 |
| 78164 | Victoria, TX MSA | $750 | $810 | $1,010 | $1,290 | $1,450 |
2022 Average & Median Rent Data Statistics
VICTORIA, TX average 1BR rent: $861, median: $825
VICTORIA, TX average 2BR rent: $1,071, median: $1,025
VICTORIA, TX average 3BR rent: $1,365, median: $1,310
VICTORIA, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 848 | $197,840,000 | $233,302 |
| Other | 72 | $7,600,000 | $105,556 |
| Cash Out Refi | 55 | $10,325,000 | $187,727 |
| Refi | 52 | $12,840,000 | $246,923 |
| Home Improvement | 31 | $3,845,000 | $124,032 |
Victoria's most frequently cited loan purpose was Home Purchase, with 848 originations. The 2nd most popular reason was Other, with 72 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 402 | $97,130,000 | $241,617 |
| 7-8% | 225 | $49,655,000 | $220,689 |
| 5-6% | 165 | $40,345,000 | $244,515 |
| Over 8% | 162 | $23,430,000 | $144,630 |
| 4-5% | 17 | $5,085,000 | $299,118 |
| <2.5% | 5 | $65,000 | $13,000 |
During 2023, Victoria's most frequently originated rate bucket was 6-7%, with 402 originations.
Loan Sizing (VICTORIA, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 410 | $111,580,000 | $272,146 |
| $100k-200k | 378 | $56,830,000 | $150,344 |
| $100,000 or less | 174 | $11,780,000 | $67,701 |
| $400k-600k | 74 | $34,840,000 | $470,811 |
| $600k-1000k | 21 | $14,365,000 | $684,048 |
| $Over $1MM | 1 | $3,055,000 | $3,055,000 |
VICTORIA's loan sizing saw the bucket of loans from $200k-400k with 410 originations, totaling $111,580,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 601 | $146,055,000 | $243,020 |
| 60-80% | 183 | $42,205,000 | $230,628 |
| 40-60% | 70 | $12,370,000 | $176,714 |
| 20-40% | 57 | $5,895,000 | $103,421 |
| Under 20% | 31 | $1,515,000 | $48,871 |
| Over 100% | 25 | $6,415,000 | $256,600 |
VICTORIA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 601 originations, totaling $146,055,000 in origination value.