Zapata 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 Zapata averaged 6.78% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

    The average rate for the prior week (2024-04-04) was 6.92% and one month ago for the week of 2024-03-07, the average rate was 6.68%.

    Zapata's average rate one year ago was 6.28%.

    For refis of the same type during the week of 2024-04-11, the average rate was 6.88%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-11 6.88%
    Zapata 30 Year Fixed Rate 2024-04-11 6.78%
    Zapata 30 Year Fixed Rate Refi 2024-04-11 6.88%
    Zapata 15 Year Fixed Rate 2024-04-11 6.36%
    Zapata 15 Year Fixed Rate Refi 2024-04-11 6.06%
    Zapata 30 Year FHA 2024-04-11 6.54%
    Zapata 30 Year FHA Refi 2024-04-11 6.54%
    Zapata 30 Year USDA 2024-04-11 6.71%
    Zapata 30 Year USDA Refi 2024-04-11 6.61%
    Zapata 30 Year VA 2024-04-11 6.57%
    Zapata 30 Year VA Refi 2024-04-11 6.47%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Zapata, TX.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    LEADERONE FINANCIAL CORPORATION 4 6.81% $10,759
    Gateway First Bank 2 6.06% $5,497
    PENNYMAC LOAN SERVICES, LLC 2 6.19% $9,434
    International Bank of Commerce 2 6.13% $6,267
    JPMorgan Chase Bank 2 7.19% $5,590
    Wells Fargo Bank 1 5.63% $5,050
    Paramount Residential Mortgage Group, Inc. 1 6.50% $6,361
    SECURITY SERVICE 1 7.00% $3,449
    THRIVE MORTGAGE, LLC 1 6.25% $5,598
    DEEPHAVEN MORTGAGE LLC 1 7.75% $13,355

    Zapata Average Closing Costs & Other Stats

    Zapata, TX's 10 lenders originated 62 loans during 2023. The total origination value was $10,340,000, with an average loan value of $166,774.

    Zapata's average closing costs are $6,376.

    The top Zapata lender as defined by loan originations is LEADERONE FINANCIAL CORPORATION, with 4 loans originated. Their average total fees are $10,759, which is $5,263 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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Gateway First Bank $2,205,000 $2,005,000 -9.1% 19.4%
    LEADERONE FINANCIAL CORPORATION $2,450,000 $1,345,000 -45.1% 13.0%
    First Option Mortgage, LLC $1,235,000 n/a 11.9%
    21ST MORTGAGE CORPORATION $625,000 $740,000 18.4% 7.2%
    PENNYMAC LOAN SERVICES, LLC $250,000 $690,000 176.0% 6.7%
    International Bank of Commerce $355,000 $535,000 50.7% 5.2%
    JPMorgan Chase Bank $95,000 $400,000 321.1% 3.9%
    WILLOW BEND MORTGAGE COMPANY, LLC $395,000 n/a 3.8%
    DEEPHAVEN MORTGAGE LLC $335,000 n/a 3.2%
    Bank of America $55,000 $295,000 436.4% 2.9%
    TRIAD FINANCIAL SERVICES, INC. $240,000 n/a 2.3%
    Paramount Residential Mortgage Group, Inc. $225,000 n/a 2.2%
    Regions Bank $215,000 n/a 2.1%
    LOANDEPOT.COM, LLC $115,000 $205,000 78.3% 2.0%
    NAVY ARMY COMMUNITY CREDIT UNION $185,000 n/a 1.8%
    FirstBank $180,000 n/a 1.7%
    QUICKEN LOANS, LLC $1,055,000 $175,000 -83.4% 1.7%
    HOMESIDE FINANCIAL, LLC $155,000 n/a 1.5%
    MOVEMENT MORTGAGE, LLC $155,000 n/a 1.5%
    THRIVE MORTGAGE, LLC $45,000 $145,000 222.2% 1.4%
    AMCAP MORTGAGE, LTD. $135,000 n/a 1.3%
    SECURITY SERVICE $150,000 $125,000 -16.7% 1.2%
    Wells Fargo Bank $75,000 $105,000 40.0% 1.0%
    SOUTHWEST STAGE FUNDING, LLC $155,000 $85,000 -45.2% 0.8%
    RANDOLPH-BROOKS $145,000 $35,000 -75.9% 0.3%

    Zapata's top lender by overall market share is Gateway First Bank, with 19.4% market share. In second place, with 13.0%, is LEADERONE FINANCIAL CORPORATION, having originated $1,345,000 in loans. In third place, with 11.9%, is First Option Mortgage, LLC, having originated $1,235,000 in loans. In fourth place, with 7.2%, is 21ST MORTGAGE CORPORATION, having originated $740,000 in loans. In fifth place, with 6.7%, is PENNYMAC LOAN SERVICES, LLC, having originated $690,000 in loans.

    Zapata Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Zapata (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 $122,300 (-3.3%) $127,544 (-7.1%) 0.00 47
    2018-02-01 $121,225 (-3.6%) $128,110 (-3.7%) 0.00 51
    2018-03-01 $124,950 (-2.7%) $131,573 (-3.2%) 0.00 49
    2018-04-01 $120,000 (-9.1%) $135,461 (-1.1%) 0.00 52
    2018-05-01 $120,000 (-9.1%) $135,816 (0.3%) 0.00 54
    2018-06-01 $120,000 (-8.0%) $127,055 (-6.8%) 0.00 49
    2018-07-01 $120,000 (-7.0%) $121,922 (-1.6%) 0.00 44
    2018-08-01 $124,975 (-4.2%) $126,138 (-11.3%) 0.00 45
    2018-09-01 $125,000 (-1.5%) $126,828 (-9.2%) 0.00 46
    2018-10-01 $122,500 (-2.7%) $125,618 (-11.0%) 0.00 49
    2018-11-01 $120,000 (-4.0%) $122,888 (-9.9%) 0.00 48
    2018-12-01 $117,500 (-3.9%) $122,033 (-6.0%) 0.00 46
    2019-01-01 $115,000 (-6.0%) $120,306 (-5.7%) 0.00 45
    2019-02-01 $117,750 (-2.9%) $120,742 (-5.8%) 0.00 43
    2019-03-01 $119,143 (-4.7%) $125,539 (-4.6%) 0.00 42
    2019-04-01 $121,250 (1.0%) $132,678 (-2.1%) 0.00 40
    2019-05-01 $118,750 (-1.0%) $131,733 (-3.0%) 0.00 39
    2019-06-01 $115,000 (-4.2%) $129,613 (2.0%) 0.00 42
    2019-07-01 $118,250 (-1.5%) $130,296 (6.9%) 0.00 44
    2019-08-01 $120,636 (-3.5%) $132,026 (4.7%) 0.00 43
    2019-09-01 $123,091 (-1.5%) $136,488 (7.6%) 0.00 41
    2019-10-01 $121,727 (-0.6%) $138,202 (10.0%) 0.00 41
    2019-11-01 $120,000 (0.0%) $150,699 (22.6%) 0.00 40
    2019-12-01 $125,000 (6.4%) $151,572 (24.2%) 0.00 41
    2020-01-01 $122,500 (6.5%) $148,392 (23.4%) 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 (11.6%) $163,657 (23.4%) 0.00 28
    2020-05-01 $129,000 (8.6%) $168,573 (28.0%) 0.00 23
    2020-06-01 $124,500 (8.3%) $167,839 (29.5%) 0.00 18
    2020-07-01 $138,000 (16.7%) $174,532 (34.0%) 0.00 18
    2020-08-01 $163,450 (35.5%) $180,445 (36.7%) 0.00 17
    2020-09-01 $135,000 (9.7%) $147,220 (7.9%) 0.00 22
    2020-10-01 $141,250 (16.0%) $149,765 (8.4%) 0.00 23
    2020-11-01 $152,500 (27.1%) $154,950 (2.8%) 0.00 22
    2020-12-01 $131,250 (5.0%) $145,114 (-4.3%) 0.00 24
    2021-01-01 $130,000 (6.1%) $147,206 (-0.8%) 0.00 22
    2021-02-01 $159,900 (27.9%) $157,097 (6.6%) 0.00 19
    2021-03-01 $159,900 (18.2%) $156,939 (-1.5%) 0.00 20
    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 (-9.4%) $177,049 (1.4%) 0.00 17
    2021-08-01 $146,450 (-10.4%) $178,863 (-0.9%) 0.00 14
    2021-09-01 $120,675 (-10.6%) $156,456 (6.3%) 0.00 13
    2021-10-01 $121,450 (-14.0%) $145,557 (-2.8%) 0.00 14
    2021-11-01 $126,000 (-17.4%) $153,279 (-1.1%) 0.00 14
    2021-12-01 $130,000 (-1.0%) $159,835 (10.1%) 0.00 18
    2022-01-01 $140,000 (7.7%) $184,376 (25.3%) 0.00 18
    2022-02-01 $148,500 (-7.1%) $209,587 (33.4%) 0.00 23
    2022-03-01 $149,000 (-6.8%) $212,275 (35.3%) 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 (36.2%) 0.00 26
    2022-11-01 $167,750 (33.1%) $191,809 (25.1%) 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%) $193,080 (-7.9%) 0.00 23
    2023-03-01 $159,250 (6.9%) $190,987 (-10.0%) 0.00 21
    2023-04-01 $154,000 (3.4%) $193,407 (-13.5%) 0.00 24
    2023-05-01 $162,875 (-5.6%) $201,401 (-12.7%) 0.00 21
    2023-06-01 $177,250 (0.6%) $204,859 (-7.6%) 0.00 22
    2023-07-01 $161,750 (-10.1%) $206,747 (1.2%) 0.00 28
    2023-08-01 $155,500 (-15.2%) $197,413 (-9.1%) 0.00 31
    2023-09-01 $155,500 (-9.5%) $199,535 (-3.6%) 0.00 26
    2023-10-01 $138,000 (-16.6%) $187,988 (-5.2%) 0.00 24
    2023-11-01 $153,000 (-8.8%) $178,008 (-7.2%) 0.00 31
    2023-12-01 $155,500 (-13.6%) $176,481 (-12.4%) 0.00 32
    2024-01-01 $167,500 (-6.4%) $180,937 (-10.1%) 0.00 32
    2024-02-01 $166,225 (-3.2%) $183,114 (-5.2%) 0.00 32
    2024-03-01 $158,000 (-0.8%) $173,449 (-9.2%) 0.00 30
    Zapata's median listing price for 2024-03-01 was $158,000, a difference of $-1,250 (-0.8%) versus the prior year and $-8,225 versus the prior month.

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

    Zapata's average listing price for 2024-03-01 was $173,449, a difference of $-17,538 (-9.2%) versus the prior year and $-9,665 versus the prior month.

    For the 2024-03-01 period, Zapata had 30 MLS listings, a difference of -2 listings (-6%) versus the prior month and 9 listings (43%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Zapata (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,569 sqft
    2018-02-01 0 days 1,550 sqft
    2018-03-01 0 days 1,515 sqft
    2018-04-01 0 days 1,443 sqft
    2018-05-01 0 days 1,442 sqft
    2018-06-01 0 days 1,443 sqft
    2018-07-01 0 days 1,573 sqft
    2018-08-01 0 days 1,731 sqft
    2018-09-01 0 days 1,731 sqft
    2018-10-01 0 days 1,741 sqft
    2018-11-01 0 days 1,709 sqft
    2018-12-01 0 days 1,661 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 1,634 sqft
    2019-06-01 0 days 1,656 sqft
    2019-07-01 0 days 1,656 sqft
    2019-08-01 0 days 1,648 sqft
    2019-09-01 0 days 1,636 sqft
    2019-10-01 0 days 1,607 sqft
    2019-11-01 0 days 1,586 sqft
    2019-12-01 0 days 1,555 sqft
    2020-01-01 0 days 1,570 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 1,800 sqft
    2020-07-01 0 days 1,800 sqft
    2020-08-01 0 days 1,844 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 1,562 sqft
    2021-01-01 0 days 1,643 sqft
    2021-02-01 0 days 1,796 sqft
    2021-03-01 0 days 1,796 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 1,240 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
    2023-03-01 0 days 1,560 sqft
    2023-04-01 0 days 1,389 sqft
    2023-05-01 0 days 1,632 sqft
    2023-06-01 0 days 1,599 sqft
    2023-07-01 0 days 1,665 sqft
    2023-08-01 0 days 1,635 sqft
    2023-09-01 0 days 1,665 sqft
    2023-10-01 0 days 1,691 sqft
    2023-11-01 0 days 1,634 sqft
    2023-12-01 0 days 1,632 sqft
    2024-01-01 0 days 1,634 sqft
    2024-02-01 0 days 1,634 sqft
    2024-03-01 0 days 1,448 sqft
    Zapata's median listing age (time on market) for 2024-03-01 was 0 days.

    Zapata's median square footage for active listings during the 2024-03-01 period was 1,448 sqft. One year prior, the average listing was 1,560 sqft.

    Zapata, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 45 $6,125,000 $136,111
    Refi 11 $3,055,000 $277,727
    Cash Out Refi 6 $1,160,000 $193,333

    Zapata's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Refi, with 11 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 20 $4,140,000 $207,000
    Over 8% 14 $1,710,000 $122,143
    5-6% 11 $2,195,000 $199,545
    7-8% 11 $2,265,000 $205,909
    <2.5% 6 $30,000 $5,000

    During 2023, Zapata's most frequently originated rate bucket was 6-7%, with 20 originations.

    Loan Sizing (Zapata, TX MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 24 $6,400,000 $266,667
    $100,000 or less 20 $1,080,000 $54,000
    $100k-200k 17 $2,445,000 $143,824
    $400k-600k 1 $415,000 $415,000

    Zapata's loan sizing saw the bucket of loans from $200k-400k with 24 originations, totaling $6,400,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 47 $8,645,000 $183,936
    60-80% 8 $1,580,000 $197,500
    Under 20% 6 $30,000 $5,000
    Over 100% 1 $85,000 $85,000

    Zapata's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 47 originations, totaling $8,645,000 in origination value.