Zapata Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Zapata averaged
6.87%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
6.87% and
one month ago for the week of 2025-05-29, the
average rate was 6.69%.
Zapata's average rate one year ago was 7.06%.
For refis of the same type during the week of 2025-07-03, the average rate
was 7.27%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Zapata 30 Year Fixed Rate | 2025-07-03 | 6.87% |
| Zapata 30 Year Fixed Rate Refi | 2025-07-03 | 7.27% |
| Zapata 15 Year Fixed Rate | 2025-07-03 | 5.9% |
| Zapata 15 Year Fixed Rate Refi | 2025-07-03 | 5.8% |
| Zapata 30 Year FHA | 2025-07-03 | -0.1% |
| Zapata 30 Year FHA Refi | 2025-07-03 | -0.1% |
| Zapata 30 Year USDA | 2025-07-03 | -0.2% |
| Zapata 30 Year USDA Refi | 2025-07-03 | -0.2% |
| Zapata 30 Year VA | 2025-07-03 | 0% |
| Zapata 30 Year VA Refi | 2025-07-03 | -0.2% |
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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| JPMorgan Chase Bank | 2 | 6.94% | $8,937 |
| QUICKEN LOANS, LLC | 2 | 7.50% | $5,682 |
| Flagstar Bank, FSB | 1 | 6.63% | $14,177 |
| Gateway First Bank | 1 | 6.88% | $5,269 |
| INTERLINC MORTGAGE SERVICES, LLC | 1 | 6.88% | $9,093 |
| International Bank of Commerce | 1 | 7.00% | $6,069 |
| SECURITY SERVICE | 1 | 6.38% | $6,995 |
| CARDINAL FINANCIAL | 1 | 6.50% | $4,684 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 7.00% | $6,933 |
| First Option Mortgage, LLC | 1 | 6.50% | $8,516 |
Zapata Average Closing Costs & Other Stats
Zapata, TX's 10 lenders originated 74
loans during 2024. The total origination value was $10,110,000, with an average loan value of
$136,622.
Zapata's average closing costs are $6,805.
The top Zapata lender as defined by loan originations is JPMorgan Chase Bank, with
2 loans originated. Their average total fees are
$8,937, which is $3,255
higher than the next largest lender,
QUICKEN LOANS, LLC.
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Gateway First Bank | $2,005,000 | $2,555,000 | 27.4% | 25.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,655,000 | n/a | 16.4% | |
| 21ST MORTGAGE CORPORATION | $740,000 | $950,000 | 28.4% | 9.4% |
| QUICKEN LOANS, LLC | $175,000 | $805,000 | 360.0% | 8.0% |
| JPMorgan Chase Bank | $400,000 | $490,000 | 22.5% | 4.8% |
| Flagstar Bank, FSB | $440,000 | n/a | 4.4% | |
| Equity Prime Mortgage LLC | $390,000 | n/a | 3.9% | |
| TRIAD FINANCIAL SERVICES, INC. | $240,000 | $375,000 | 56.3% | 3.7% |
| CORNERSTONE HOME LENDING, INC. | $325,000 | n/a | 3.2% | |
| SECURITY SERVICE | $125,000 | $325,000 | 160.0% | 3.2% |
| International Bank of Commerce | $535,000 | $290,000 | -45.8% | 2.9% |
| PNC Bank | $270,000 | n/a | 2.7% | |
| LEADERONE FINANCIAL CORPORATION | $1,345,000 | $265,000 | -80.3% | 2.6% |
| CMG MORTGAGE, INC. | $235,000 | n/a | 2.3% | |
| AmeriHome Mortgage Company, LLC | $185,000 | n/a | 1.8% | |
| First Option Mortgage, LLC | $1,235,000 | $165,000 | -86.6% | 1.6% |
| INTERLINC MORTGAGE SERVICES, LLC | $115,000 | n/a | 1.1% | |
| CARDINAL FINANCIAL | $105,000 | n/a | 1.0% | |
| FirstBank | $180,000 | $75,000 | -58.3% | 0.7% |
Zapata's top lender by overall market share is Gateway First Bank, with 25.3% market share. In second place, with 16.4%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $1,655,000 in loans. In third place, with 9.4%, is 21ST MORTGAGE CORPORATION, having originated $950,000 in loans. In fourth place, with 8.0%, is QUICKEN LOANS, LLC, having originated $805,000 in loans. In fifth place, with 4.8%, is JPMorgan Chase Bank, having originated $490,000 in loans.
Zapata, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 59 | $7,105,000 | $120,424 |
| Cash Out Refi | 7 | $1,525,000 | $217,857 |
| Refi | 6 | $1,280,000 | $213,333 |
| Other | 2 | $200,000 | $100,000 |
Zapata's most frequently cited loan purpose was Home Purchase, with 59 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 27 | $4,415,000 | $163,519 |
| Over 8% | 16 | $1,670,000 | $104,375 |
| 7-8% | 11 | $1,745,000 | $158,636 |
| <2.5% | 10 | $50,000 | $5,000 |
| 5-6% | 8 | $1,870,000 | $233,750 |
| 4-5% | 1 | $265,000 | $265,000 |
During 2024, Zapata's most frequently originated rate bucket was 6-7%, with 27 originations.
Loan Sizing (Zapata, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 31 | $4,215,000 | $135,968 |
| $100,000 or less | 27 | $1,465,000 | $54,259 |
| $200k-400k | 15 | $4,025,000 | $268,333 |
| $400k-600k | 1 | $405,000 | $405,000 |
Zapata's loan sizing saw the bucket of loans from $100k-200k with 31 originations, totaling $4,215,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 48 | $7,760,000 | $161,667 |
| 60-80% | 11 | $1,675,000 | $152,273 |
| Under 20% | 10 | $50,000 | $5,000 |
| 40-60% | 3 | $455,000 | $151,667 |
| 20-40% | 1 | $75,000 | $75,000 |
Zapata's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 48 originations, totaling $7,760,000 in origination value.