Zapata Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Zapata averaged
7.01%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7.24% and
one month ago for the week of 2023-02-09, the
average rate was 6.63%.
Zapata's average rate one year ago was 4.46%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.74%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Zapata 30 Year Fixed Rate | 2023-03-16 | 7.01% |
Zapata 30 Year Fixed Rate Refi | 2023-03-16 | 6.74% |
Zapata 15 Year Fixed Rate | 2023-03-16 | 5.85% |
Zapata 15 Year Fixed Rate Refi | 2023-03-16 | 5.96% |
Zapata 30 Year FHA | 2023-03-16 | 6.41% |
Zapata 30 Year FHA Refi | 2023-03-16 | 6.77% |
Zapata 30 Year USDA | 2023-03-16 | 6.34% |
Zapata 30 Year VA | 2023-03-16 | 7.96% |
Zapata 30 Year VA Refi | 2023-03-16 | 6.66% |
Zapata 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 Zapata, 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. Closing Costs |
---|---|---|---|
LEADERONE FINANCIAL CORPORATION | 3 | 3.13% | $6,808 |
Gateway First Bank | 2 | 3.25% | $962 |
QUICKEN LOANS, LLC | 2 | 3.56% | $4,014 |
GREAT WESTERN FINANCIAL SERVICES, INC. | 1 | 4.25% | $5,779 |
HOME POINT FINANCIAL CORPORATION | 1 | 2.75% | $4,189 |
LADERA LENDING, INC. | 1 | 3.13% | $4,718 |
LOANDEPOT.COM, LLC | 1 | 4.38% | $3,778 |
MORTGAGE FINANCIAL SERVICES, LLC | 1 | 3.25% | $4,273 |
PENNYMAC LOAN SERVICES, LLC | 1 | 2.75% | $3,535 |
ROYAL UNITED MORTGAGE LLC | 1 | 3.50% | $6,517 |
SFMC, LP | 1 | 3.63% | $9,078 |
AMERISAVE MORTGAGE CORPORATION | 1 | 2.63% | $7,403 |
UNION HOME MORTGAGE CORP. | 1 | 2.75% | $5,391 |
BROKER SOLUTIONS, INC. | 1 | 2.99% | $7,982 |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | 1 | 3.63% | $7,487 |
Zapata Average Closing Costs & Other Stats
Zapata, TX's 15 lenders originated 74
loans during 2021. The total origination value was $10,590,000, with an average loan value of
$143,108.
Zapata's average closing costs are $5,470.
The top Zapata lender as defined by loan originations is LEADERONE FINANCIAL CORPORATION, with
3 loans originated. Their average total fees are
$6,808, which is $5,846
higher than the next largest lender,
Gateway First Bank.
The lowest fee Zapata lenders (with over 10 loans originated) are
.
The lowest rate Zapata lenders (with over 10 loans originated) are
.
Zapata, 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
Gateway First Bank | $3,075,000 | $2,365,000 | -23.1% | 22.3% |
LEADERONE FINANCIAL CORPORATION | $145,000 | $1,210,000 | 734.5% | 11.4% |
21ST MORTGAGE CORPORATION | $665,000 | $790,000 | 18.8% | 7.5% |
QUICKEN LOANS, LLC | $1,380,000 | $625,000 | -54.7% | 5.9% |
LOANDEPOT.COM, LLC | $165,000 | $595,000 | 260.6% | 5.6% |
CROSSCOUNTRY MORTGAGE, LLC | $375,000 | n/a | 3.5% | |
LADERA LENDING, INC. | $335,000 | n/a | 3.2% | |
AMERISAVE MORTGAGE CORPORATION | $300,000 | n/a | 2.8% | |
MORTGAGE FINANCIAL SERVICES, LLC | $300,000 | n/a | 2.8% | |
UNION HOME MORTGAGE CORP. | $300,000 | n/a | 2.8% | |
Mr. Cooper ( Nationstar Mortgage ) | $340,000 | $270,000 | -20.6% | 2.5% |
Wells Fargo Bank | $270,000 | n/a | 2.5% | |
FREEDOM MORTGAGE CORPORATION | $265,000 | n/a | 2.5% | |
Flagstar Bank, FSB | $255,000 | n/a | 2.4% | |
CALIBER HOME LOANS, INC. | $245,000 | n/a | 2.3% | |
BROKER SOLUTIONS, INC. | $225,000 | n/a | 2.1% | |
PLAZA HOME MORTGAGE, INC. | $175,000 | n/a | 1.7% | |
SFMC, LP | $115,000 | $175,000 | 52.2% | 1.7% |
SECURITY SERVICE | $75,000 | $165,000 | 120.0% | 1.6% |
LAKEVIEW LOAN SERVICING, LLC | $155,000 | n/a | 1.5% | |
PENNYMAC LOAN SERVICES, LLC | $155,000 | n/a | 1.5% | |
Mortgage Research Center, LLC | $135,000 | n/a | 1.3% | |
AMCAP MORTGAGE, LTD. | $105,000 | n/a | 1.0% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $105,000 | n/a | 1.0% | |
CMG MORTGAGE, INC. | $95,000 | $105,000 | 10.5% | 1.0% |
HOME POINT FINANCIAL CORPORATION | $105,000 | n/a | 1.0% | |
ROYAL UNITED MORTGAGE LLC | $95,000 | n/a | 0.9% | |
Ally Bank | $85,000 | n/a | 0.8% | |
GREAT WESTERN FINANCIAL SERVICES, INC. | $75,000 | n/a | 0.7% | |
NEWREZ LLC | $65,000 | n/a | 0.6% | |
Falcon International Bank | $55,000 | n/a | 0.5% | |
International Bank of Commerce | $45,000 | $55,000 | 22.2% | 0.5% |
WILLOW BEND MORTGAGE COMPANY, LLC | $55,000 | n/a | 0.5% |
Zapata's top lender by overall market share is Gateway First Bank, with 22.3% market share. In second place, with 11.4%, is LEADERONE FINANCIAL CORPORATION, having originated $1,210,000 in loans. In third place, with 7.5%, is 21ST MORTGAGE CORPORATION, having originated $790,000 in loans. In fourth place, with 5.9%, is QUICKEN LOANS, LLC, having originated $625,000 in loans. In fifth place, with 5.6%, is LOANDEPOT.COM, LLC, having originated $595,000 in loans.
Zapata Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Zapata (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $122,300 (-3.3%) | $127,544 (-7.1%) | 0.00 | 47 |
2018-02-01 | $123,675 (-1.7%) | $133,729 (0.6%) | 0.00 | 52 |
2018-03-01 | $125,000 (-2.7%) | $136,959 (0.8%) | 0.00 | 51 |
2018-04-01 | $124,900 (-5.4%) | $140,808 (2.8%) | 0.00 | 54 |
2018-05-01 | $124,900 (-5.4%) | $140,314 (3.6%) | 0.00 | 56 |
2018-06-01 | $120,000 (-8.0%) | $132,035 (-3.2%) | 0.00 | 51 |
2018-07-01 | $121,225 (-6.0%) | $127,779 (3.1%) | 0.00 | 46 |
2018-08-01 | $125,000 (-5.3%) | $132,136 (-10.8%) | 0.00 | 46 |
2018-09-01 | $125,000 (-3.0%) | $132,619 (-10.8%) | 0.00 | 47 |
2018-10-01 | $123,750 (-2.5%) | $131,086 (-12.3%) | 0.00 | 50 |
2018-11-01 | $120,000 (-4.0%) | $128,410 (-11.2%) | 0.00 | 49 |
2018-12-01 | $120,000 (-1.8%) | $127,926 (-1.5%) | 0.00 | 46 |
2019-01-01 | $115,000 (-6.0%) | $120,306 (-5.7%) | 0.00 | 45 |
2019-02-01 | $117,750 (-4.8%) | $120,742 (-9.7%) | 0.00 | 43 |
2019-03-01 | $119,143 (-4.7%) | $125,539 (-8.3%) | 0.00 | 42 |
2019-04-01 | $122,500 (-1.9%) | $132,807 (-5.7%) | 0.00 | 40 |
2019-05-01 | $123,750 (-0.9%) | $154,356 (10.0%) | 0.00 | 41 |
2019-06-01 | $120,000 (0.0%) | $150,474 (14.0%) | 0.00 | 44 |
2019-07-01 | $120,000 (-1.0%) | $150,683 (17.9%) | 0.00 | 46 |
2019-08-01 | $121,364 (-2.9%) | $152,259 (15.2%) | 0.00 | 45 |
2019-09-01 | $123,409 (-1.3%) | $157,076 (18.4%) | 0.00 | 43 |
2019-10-01 | $124,773 (0.8%) | $159,286 (21.5%) | 0.00 | 43 |
2019-11-01 | $125,000 (4.2%) | $159,193 (24.0%) | 0.00 | 41 |
2019-12-01 | $125,000 (4.2%) | $159,650 (24.8%) | 0.00 | 42 |
2020-01-01 | $122,500 (6.5%) | $148,854 (23.7%) | 0.00 | 42 |
2020-02-01 | $125,000 (6.2%) | $147,406 (22.1%) | 0.00 | 36 |
2020-03-01 | $135,250 (13.5%) | $159,348 (26.9%) | 0.00 | 30 |
2020-04-01 | $135,250 (10.4%) | $163,657 (23.2%) | 0.00 | 28 |
2020-05-01 | $129,000 (4.2%) | $168,573 (9.2%) | 0.00 | 23 |
2020-06-01 | $124,500 (3.8%) | $167,839 (11.5%) | 0.00 | 19 |
2020-07-01 | $148,950 (24.1%) | $190,055 (26.1%) | 0.00 | 19 |
2020-08-01 | $167,000 (37.6%) | $196,474 (29.0%) | 0.00 | 18 |
2020-09-01 | $135,000 (9.4%) | $147,220 (-6.3%) | 0.00 | 22 |
2020-10-01 | $141,250 (13.2%) | $149,765 (-6.0%) | 0.00 | 23 |
2020-11-01 | $152,500 (22.0%) | $156,932 (-1.4%) | 0.00 | 22 |
2020-12-01 | $137,500 (10.0%) | $150,170 (-5.9%) | 0.00 | 24 |
2021-01-01 | $135,000 (10.2%) | $153,806 (3.3%) | 0.00 | 23 |
2021-02-01 | $163,673 (30.9%) | $163,389 (10.8%) | 0.00 | 20 |
2021-03-01 | $164,900 (21.9%) | $162,993 (2.3%) | 0.00 | 21 |
2021-04-01 | $159,425 (17.9%) | $172,032 (5.1%) | 0.00 | 21 |
2021-05-01 | $120,000 (-7.0%) | $176,079 (4.5%) | 0.00 | 17 |
2021-06-01 | $122,500 (-1.6%) | $174,709 (4.1%) | 0.00 | 16 |
2021-07-01 | $125,000 (-16.1%) | $177,049 (-6.8%) | 0.00 | 17 |
2021-08-01 | $146,450 (-12.3%) | $178,863 (-9.0%) | 0.00 | 14 |
2021-09-01 | $120,675 (-10.6%) | $156,456 (6.3%) | 0.00 | 13 |
2021-10-01 | $121,450 (-14.0%) | $151,425 (1.1%) | 0.00 | 14 |
2021-11-01 | $127,500 (-16.4%) | $167,004 (6.4%) | 0.00 | 15 |
2021-12-01 | $130,000 (-5.5%) | $159,835 (6.4%) | 0.00 | 18 |
2022-01-01 | $140,000 (3.7%) | $184,376 (19.9%) | 0.00 | 18 |
2022-02-01 | $148,500 (-9.3%) | $209,587 (28.3%) | 0.00 | 23 |
2022-03-01 | $149,000 (-9.6%) | $212,275 (30.2%) | 0.00 | 24 |
2022-04-01 | $149,000 (-6.5%) | $223,525 (29.9%) | 0.00 | 24 |
2022-05-01 | $172,500 (43.8%) | $230,589 (31.0%) | 0.00 | 18 |
2022-06-01 | $176,250 (43.9%) | $221,774 (26.9%) | 0.00 | 23 |
2022-07-01 | $180,000 (44.0%) | $204,395 (15.5%) | 0.00 | 21 |
2022-08-01 | $183,375 (25.2%) | $217,252 (21.5%) | 0.00 | 22 |
2022-09-01 | $171,750 (42.3%) | $206,908 (32.3%) | 0.00 | 25 |
2022-10-01 | $165,500 (36.3%) | $198,312 (31.0%) | 0.00 | 26 |
2022-11-01 | $167,750 (31.6%) | $191,809 (14.9%) | 0.00 | 26 |
2022-12-01 | $180,000 (38.5%) | $201,370 (26.0%) | 0.00 | 23 |
2023-01-01 | $179,000 (27.9%) | $201,359 (9.2%) | 0.00 | 27 |
2023-02-01 | $171,750 (15.7%) | $196,466 (-6.3%) | 0.00 | 23 |
Zapata's median listing price comes in at 0% of the national average.
Zapata's average listing price for 2023-02-01 was $196,466, a difference of $-13,121 (-6.3%) versus the prior year and $-4,893 versus the prior month.
For the 2023-02-01 period, Zapata had 23 MLS listings, a difference of -4 listings (-15%) versus the prior month and 0 listings (0%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Zapata (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,569 sqft |
2018-02-01 | 0 days | 1,605 sqft |
2018-03-01 | 0 days | 1,624 sqft |
2018-04-01 | 0 days | 1,615 sqft |
2018-05-01 | 0 days | 1,560 sqft |
2018-06-01 | 0 days | 1,612 sqft |
2018-07-01 | 0 days | 1,637 sqft |
2018-08-01 | 0 days | 1,752 sqft |
2018-09-01 | 0 days | 1,752 sqft |
2018-10-01 | 0 days | 1,763 sqft |
2018-11-01 | 0 days | 1,731 sqft |
2018-12-01 | 0 days | 1,709 sqft |
2019-01-01 | 0 days | 1,612 sqft |
2019-02-01 | 0 days | 1,414 sqft |
2019-03-01 | 0 days | 1,448 sqft |
2019-04-01 | 0 days | 1,538 sqft |
2019-05-01 | 0 days | 1,669 sqft |
2019-06-01 | 0 days | 1,709 sqft |
2019-07-01 | 0 days | 1,709 sqft |
2019-08-01 | 0 days | 1,702 sqft |
2019-09-01 | 0 days | 1,691 sqft |
2019-10-01 | 0 days | 1,640 sqft |
2019-11-01 | 0 days | 1,592 sqft |
2019-12-01 | 0 days | 1,586 sqft |
2020-01-01 | 0 days | 1,573 sqft |
2020-02-01 | 0 days | 1,648 sqft |
2020-03-01 | 0 days | 1,709 sqft |
2020-04-01 | 0 days | 1,774 sqft |
2020-05-01 | 0 days | 1,798 sqft |
2020-06-01 | 0 days | 1,799 sqft |
2020-07-01 | 0 days | 1,798 sqft |
2020-08-01 | 0 days | 1,824 sqft |
2020-09-01 | 0 days | 1,592 sqft |
2020-10-01 | 0 days | 1,586 sqft |
2020-11-01 | 0 days | 1,678 sqft |
2020-12-01 | 0 days | 1,513 sqft |
2021-01-01 | 0 days | 1,595 sqft |
2021-02-01 | 0 days | 1,753 sqft |
2021-03-01 | 0 days | 1,792 sqft |
2021-04-01 | 0 days | 1,803 sqft |
2021-05-01 | 0 days | 1,790 sqft |
2021-06-01 | 0 days | 1,768 sqft |
2021-07-01 | 0 days | 1,725 sqft |
2021-08-01 | 0 days | 1,701 sqft |
2021-09-01 | 0 days | 1,320 sqft |
2021-10-01 | 0 days | 1,240 sqft |
2021-11-01 | 0 days | 1,260 sqft |
2021-12-01 | 0 days | 1,421 sqft |
2022-01-01 | 0 days | 1,709 sqft |
2022-02-01 | 0 days | 1,747 sqft |
2022-03-01 | 0 days | 1,701 sqft |
2022-04-01 | 0 days | 1,692 sqft |
2022-05-01 | 0 days | 1,752 sqft |
2022-06-01 | 0 days | 1,709 sqft |
2022-07-01 | 0 days | 1,678 sqft |
2022-08-01 | 0 days | 1,664 sqft |
2022-09-01 | 0 days | 1,664 sqft |
2022-10-01 | 0 days | 1,648 sqft |
2022-11-01 | 0 days | 1,655 sqft |
2022-12-01 | 0 days | 1,688 sqft |
2023-01-01 | 0 days | 1,660 sqft |
2023-02-01 | 0 days | 1,648 sqft |
Zapata's median square footage for active listings during the 2023-02-01 period was 1,648 sqft. One year prior, the average listing was 1,747 sqft.
Zapata, TX Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 38 | $4,730,000 | $124,474 |
Refi | 25 | $4,195,000 | $167,800 |
Cash Out Refi | 9 | $1,355,000 | $150,556 |
Home Improvement | 2 | $310,000 | $155,000 |
Zapata's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Refi, with 25 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 26 | $4,020,000 | $154,615 |
3-4% | 20 | $3,210,000 | $160,500 |
<2.5% | 13 | $1,925,000 | $148,077 |
4-5% | 5 | $475,000 | $95,000 |
Over 8% | 5 | $445,000 | $89,000 |
7-8% | 3 | $345,000 | $115,000 |
During 2021, Zapata's most frequently originated rate bucket was 2.5-3%, with 26 originations.
Loan Sizing (Zapata, TX MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 43 | $6,215,000 | $144,535 |
$100,000 or less | 19 | $1,225,000 | $64,474 |
$200k-400k | 12 | $3,150,000 | $262,500 |
Zapata's loan sizing saw the bucket of loans from $100k-200k with 43 originations, totaling $6,215,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 41 | $6,135,000 | $149,634 |
60-80% | 22 | $3,370,000 | $153,182 |
40-60% | 5 | $585,000 | $117,000 |
Under 20% | 3 | $15,000 | $5,000 |
Zapata's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 41 originations, totaling $6,135,000 in origination value.