Austin First Mortgage Interest Rate and Cost Review

Is Austin First Mortgage a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Austin First Mortgage with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratelower than average (-0.26%)
Loan Related Closing Costslower than average (-$1329)
National Rate and Closing Cost Rating(5.0)

On average, Austin First Mortgage’s interest rates were lower than those of other lenders (-0.26%) for a comparable set of borrowers. Its average total loan related closing cost was 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 5.0 out of 5.0 stars.

Austin First Mortgage’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets 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

Furthermore, Austin First Mortgage is our top ranked mortgage lender in terms of interest rate and closing costs in Austin, TX, overall.

You can click through to check out Austin First Mortgage’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Austin First Mortgage’s Rates 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. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

New Purchase MortgagesConforming
Interest Rate Difference-0.20%
Loan Related Closing Cost Difference-$178
Cost Adjusted Rate Difference-0.21%
Star Rating(4.5)
Refinance MortgagesConforming
Interest Rate Difference-0.28%
Loan Related Closing Cost Difference-$1839
Cost Adjusted Rate Difference-0.37%
Star Rating(5.0)

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, and we always recommend shopping among several 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.