According to the report, delinquency rates for all major loan types – including auto, student, and credit card debt – have now surpassed pre-pandemic levels. Credit: Pexels / RODNAE Productions

San Antonio has the highest rate of delinquent mortgages of any large U.S. metro area, according to data released this week by software firm Construction Coverage. 

Parsing data from the Consumer Financial Protection Bureau, U.S. Census Bureau and Zillow, researchers found that 4.3% of homeowners in the San Antonio-New Braunfels metro area are more than 30 days behind on their mortgage. 

That number drops to 1% when it comes to those who are severely delinquent, or more than 90 days behind on their loan. 

San Antonio wasn’t the only South Texas metro where people are struggling to pay off their homes.

McAllen ranked as the midsize metro with the highest rate of mortgage delinquencies. In that area, 6.7% of homeowners are more than 30 days late. Meanwhile, Laredo ranked as the top small metro, with an astonishing 10.3% behind on their home loan. 

For reference, the national average for 30-day-plus delinquent mortgages was about 11.5% during the height of the 2008 financial crisis, according to data from the Federal Reserve Bank of St. Louis. 

The data about delinquent mortgages aligns with the late payment trends observed in other loan types. According to the report, delinquency rates for all major loan types — including auto, student and credit card debt — have now surpassed pre-pandemic levels.

Mortgage loans dominate, however, accounting for more than 70% of all U.S. household debt and totaling more than $12.9 trillion. 

Word of South Texas’ mortgage delinquencies comes amid a slowing national economy, increased import costs due to President Donald Trump’s tariffs, policy uncertainty and a cooling labor market, according to consulting firm Deloitte. 

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