Zapata Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Zapata averaged 7.18% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

The average rate for the prior week (2023-09-07) was 7.02% and one month ago for the week of 2023-08-10, the average rate was 6.96%.

Zapata's average rate one year ago was 5.89%.

For refis of the same type during the week of 2023-09-14, the average rate was 7.78%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-14 7.18%
Zapata 30 Year Fixed Rate 2023-09-14 7.18%
Zapata 30 Year Fixed Rate Refi 2023-09-14 7.78%
Zapata 15 Year Fixed Rate 2023-09-14 6.71%
Zapata 15 Year Fixed Rate Refi 2023-09-14 6.81%
Zapata 30 Year FHA 2023-09-14 6.99%
Zapata 30 Year FHA Refi 2023-09-14 7.19%
Zapata 30 Year USDA 2023-09-14 6.98%
Zapata 30 Year USDA Refi 2023-09-14 7.18%
Zapata 30 Year VA 2023-09-14 6.81%
Zapata 30 Year VA Refi 2023-09-14 6.81%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
LEADERONE FINANCIAL CORPORATION 6 5.48% $7,280
Gateway First Bank 4 4.97% $5,681
QUICKEN LOANS, LLC 4 5.53% $7,023
JPMorgan Chase Bank 1 3.75% $3,745
PENNYMAC LOAN SERVICES, LLC 1 5.37% $9,144
THRIVE MORTGAGE, LLC 1 6.38% $4,868

Zapata Average Closing Costs & Other Stats

Zapata, TX's 6 lenders originated 70 loans during 2022. The total origination value was $10,270,000, with an average loan value of $146,714.

Zapata's average closing costs are $5,833.

The top Zapata lender as defined by loan originations is LEADERONE FINANCIAL CORPORATION, with 6 loans originated. Their average total fees are $7,280, which is $1,599 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
LEADERONE FINANCIAL CORPORATION $1,210,000 $2,450,000 102.5% 23.9%
Gateway First Bank $2,365,000 $2,205,000 -6.8% 21.5%
QUICKEN LOANS, LLC $625,000 $1,055,000 68.8% 10.3%
21ST MORTGAGE CORPORATION $790,000 $625,000 -20.9% 6.1%
BM Real Estate Services, Inc. $540,000 n/a 5.3%
VAN DYK MORTGAGE CORPORATION $450,000 n/a 4.4%
International Bank of Commerce $55,000 $355,000 545.5% 3.5%
PENNYMAC LOAN SERVICES, LLC $155,000 $250,000 61.3% 2.4%
FREEDOM MORTGAGE CORPORATION $265,000 $245,000 -7.5% 2.4%
Mortgage Research Center, LLC $135,000 $245,000 81.5% 2.4%
Texas Community Bank $240,000 n/a 2.3%
SOUTHWEST STAGE FUNDING, LLC $155,000 n/a 1.5%
THE MORTGAGE LINK, INC. $155,000 n/a 1.5%
SECURITY SERVICE $165,000 $150,000 -9.1% 1.5%
Chicago Mortgage Solutions LLC $145,000 n/a 1.4%
RANDOLPH-BROOKS $145,000 n/a 1.4%
Flagstar Bank, FSB $255,000 $125,000 -51.0% 1.2%
MORTGAGE FINANCIAL SERVICES, LLC $300,000 $125,000 -58.3% 1.2%
LOANDEPOT.COM, LLC $595,000 $115,000 -80.7% 1.1%
AMERICAN FINANCING CORPORATION $95,000 n/a 0.9%
JPMorgan Chase Bank $95,000 n/a 0.9%
PRIMELENDING, A PLAINSCAPITAL COMPANY $95,000 n/a 0.9%
Wells Fargo Bank $270,000 $75,000 -72.2% 0.7%
Bank of America $55,000 n/a 0.5%
THRIVE MORTGAGE, LLC $45,000 n/a 0.4%
Rio Bank $35,000 n/a 0.3%

Zapata's top lender by overall market share is LEADERONE FINANCIAL CORPORATION, with 23.9% market share. In second place, with 21.5%, is Gateway First Bank, having originated $2,205,000 in loans. In third place, with 10.3%, is QUICKEN LOANS, LLC, having originated $1,055,000 in loans. In fourth place, with 6.1%, is 21ST MORTGAGE CORPORATION, having originated $625,000 in loans. In fifth place, with 5.3%, is BM Real Estate Services, Inc., having originated $540,000 in loans.

Zapata, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 42 $5,560,000 $132,381
Refi 13 $2,815,000 $216,538
Cash Out Refi 10 $1,380,000 $138,000
Other 3 $285,000 $95,000
Home Improvement 2 $230,000 $115,000

Zapata's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 13 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
4-5% 15 $2,785,000 $185,667
5-6% 14 $2,740,000 $195,714
6-7% 10 $1,680,000 $168,000
3-4% 10 $1,440,000 $144,000
<2.5% 6 $170,000 $28,333
Over 8% 5 $545,000 $109,000
7-8% 4 $340,000 $85,000
2.5-3% 3 $295,000 $98,333

During 2022, Zapata's most frequently originated rate bucket was 4-5%, with 15 originations.

Loan Sizing (Zapata, TX MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 28 $1,830,000 $65,357
$100k-200k 24 $3,550,000 $147,917
$200k-400k 18 $4,890,000 $271,667

Zapata's loan sizing saw the bucket of loans from $100,000 or less with 28 originations, totaling $1,830,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 37 $6,365,000 $172,027
60-80% 13 $2,035,000 $156,538
40-60% 6 $960,000 $160,000
20-40% 5 $365,000 $73,000
Under 20% 5 $25,000 $5,000
Over 100% 1 $245,000 $245,000

Zapata's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 37 originations, totaling $6,365,000 in origination value.