Austin First Mortgage Interest Rate and Cost Review

Is Austin First Mortgage a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Austin First Mortgage to those of other lenders for a comparable set of borrowers. Here is our review of Austin First Mortgage nationally:

Review ItemAustin First Mortgage
Interest Ratelower than other lenders (-0.26%)
Loan Related Closing Costslower than other lenders (-$1329)
National Rate and Closing Cost Star Rating(5)

On average, Austin First Mortgage’s interest rates were lower than those of other lenders (-0.26%). Its loan related closing costs were also lower than those of other lenders, with a difference of -$1329. Overall, combining interest rates and closing costs we estimate that Austin First Mortgage tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 5 out of 5 stars. This is a fantastic rating and places it among the top 5% of lenders nationwide.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Austin First Mortgage, check out its website at:

Austin First Mortgage’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track Austin First Mortgage was most active in:

  1. Austin, TX
  2. Houston, TX
  3. Dallas, TX
  4. San Antonio, TX
  5. Frisco, TX

In addition, Austin First Mortgage is our top ranked/best mortgage lender in terms of interest rate and closing costs in:

Austin First Mortgage’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Austin First Mortgage originated Conforming mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

New Purchase MortgagesConforming
Interest Rate Difference-0.20%
Loan Related Closing Cost Difference-$178
Cost Adjusted Rate Difference-0.21%
National Star Rating(4.5)
Refinance MortgagesConforming
Interest Rate Difference-0.28%
Loan Related Closing Cost Difference-$1839
Cost Adjusted Rate Difference-0.37%
Average Star Rating(5)

As a summary, Austin First Mortgage is cheap for Conforming purchase mortgages. For refinancing, Austin First Mortgage is cheap for Conforming mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about Austin First Mortgage:

Registered name: AAXY LLC dba-Austin First Mortgage
Registered city and state: Austin, TX, 78729
Regulator: United States Department of Housing and Urban Development (HUD)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Austin First Mortgage’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.