Bay City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Bay City averaged
6.97%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.7% and
one month ago for the week of 2025-05-15, the
average rate was 6.77%.
Bay City's average rate one year ago was 7.11%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.21%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Bay City 30 Year Fixed Rate | 2025-06-18 | 6.97% |
| Bay City 30 Year Fixed Rate Refi | 2025-06-18 | 7.21% |
| Bay City 15 Year Fixed Rate | 2025-06-18 | 5.76% |
| Bay City 15 Year Fixed Rate Refi | 2025-06-18 | 5.96% |
| Bay City 30 Year FHA | 2025-06-18 | 0.37% |
| Bay City 30 Year FHA Refi | 2025-06-18 | 0% |
| Bay City 30 Year USDA | 2025-06-18 | 0.1% |
| Bay City 30 Year USDA Refi | 2025-06-18 | 0% |
| Bay City 30 Year VA | 2025-06-18 | 0.1% |
| Bay City 30 Year VA Refi | 2025-06-18 | -0.2% |
Bay City 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 Bay City, 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.).
Bay City Average Closing Costs & Other Stats
Bay City, TX's 52 lenders originated 386
loans during 2024. The total origination value was $85,560,000, with an average loan value of
$221,658.
Bay City's average closing costs are $6,073.
The top Bay City lender as defined by loan originations is Gateway First Bank, with
22 loans originated. Their average total fees are
$6,139, which is $2,538
higher than the next largest lender,
TEXAS DOW EMPLOYEES CREDIT UNION.
The lowest fee Bay City lenders (with over 10 loans originated) are
TEXAS DOW EMPLOYEES CREDIT UNION ($3,601), EAGLE HOME MORTGAGE, LLC ($4,312), Gateway First Bank ($6,139), QUICKEN LOANS, LLC ($8,413) and .
The lowest rate Bay City lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (4.90%), QUICKEN LOANS, LLC (6.82%), Gateway First Bank (7.06%), TEXAS DOW EMPLOYEES CREDIT UNION (7.71%) and .
Bay City, 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 | $8,420,000 | $10,275,000 | 22.0% | 12.0% |
| SOUTHWEST FUNDING, LP | $6,605,000 | n/a | 7.7% | |
| QUICKEN LOANS, LLC | $4,765,000 | $5,145,000 | 8.0% | 6.0% |
| PlainsCapital Bank | $4,855,000 | n/a | 5.7% | |
| TEXAS DOW EMPLOYEES CREDIT UNION | $3,710,000 | $3,990,000 | 7.5% | 4.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,825,000 | $3,890,000 | 37.7% | 4.5% |
| Prosperity Bank | $5,355,000 | $3,790,000 | -29.2% | 4.4% |
| EAGLE HOME MORTGAGE, LLC | $2,740,000 | n/a | 3.2% | |
| Mortgage Research Center, LLC | $3,615,000 | $1,865,000 | -48.4% | 2.2% |
| 21ST MORTGAGE CORPORATION | $1,725,000 | $1,700,000 | -1.4% | 2.0% |
| Wells Fargo Bank | $950,000 | $1,525,000 | 60.5% | 1.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,465,000 | $1,335,000 | -45.8% | 1.6% |
| GUILD MORTGAGE COMPANY | $600,000 | $1,235,000 | 105.8% | 1.4% |
| FIRST STATE BANK | $1,815,000 | $1,220,000 | -32.8% | 1.4% |
| V.I.P. MORTGAGE, INC. | $1,150,000 | n/a | 1.3% | |
| BancorpSouth | $670,000 | $1,135,000 | 69.4% | 1.3% |
| Newfirst National Bank | $915,000 | $1,035,000 | 13.1% | 1.2% |
| JPMorgan Chase Bank | $880,000 | $1,025,000 | 16.5% | 1.2% |
| Traditions Bank | $955,000 | n/a | 1.1% | |
| CAPITAL BANK | $915,000 | n/a | 1.1% | |
| CMG MORTGAGE, INC. | $395,000 | $855,000 | 116.5% | 1.0% |
| First Financial Bank | $1,420,000 | $785,000 | -44.7% | 0.9% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $1,220,000 | $775,000 | -36.5% | 0.9% |
| Flagstar Bank, FSB | $1,100,000 | $770,000 | -30.0% | 0.9% |
| CALCON MUTUAL MORTGAGE LLC | $750,000 | n/a | 0.9% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $555,000 | $745,000 | 34.2% | 0.9% |
| Equity Prime Mortgage LLC | $540,000 | $725,000 | 34.3% | 0.8% |
| BROKER SOLUTIONS, INC. | $145,000 | $655,000 | 351.7% | 0.8% |
| Farm Credit Mid-America, ACA | $620,000 | n/a | 0.7% | |
| MOVEMENT MORTGAGE, LLC | $605,000 | n/a | 0.7% | |
| PILGRIM MORTGAGE LLC | $590,000 | n/a | 0.7% | |
| NATIONS RELIABLE LENDING, LLC | $390,000 | $560,000 | 43.6% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $685,000 | $555,000 | -19.0% | 0.6% |
| LOANDEPOT.COM, LLC | $795,000 | $530,000 | -33.3% | 0.6% |
| Citizens State Bank | $975,000 | $525,000 | -46.2% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $520,000 | n/a | 0.6% | |
| LOANPEOPLE, LLC | $105,000 | $515,000 | 390.5% | 0.6% |
| MidFirst Bank | $495,000 | n/a | 0.6% | |
| MID AMERICA MORTGAGE, INC. | $610,000 | $480,000 | -21.3% | 0.6% |
| VILLAGE CAPITAL MORTGAGE | $470,000 | n/a | 0.5% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $575,000 | $465,000 | -19.1% | 0.5% |
| Guaranty Bank & Trust, N.A. | $365,000 | $445,000 | 21.9% | 0.5% |
| Wallick & Volk, Inc. | $225,000 | $410,000 | 82.2% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $840,000 | $405,000 | -51.8% | 0.5% |
| Carrington Mortgage Services, LLC | $390,000 | n/a | 0.5% | |
| EVERETT FINANCIAL, INC. | $710,000 | $390,000 | -45.1% | 0.5% |
| HOMETRUST MORTGAGE COMPANY | $390,000 | n/a | 0.5% | |
| HOMESIDE FINANCIAL, LLC | $385,000 | n/a | 0.4% | |
| UNITED BUILT HOMES, L.L.C. | $385,000 | n/a | 0.4% | |
| S1L, Inc. | $275,000 | $375,000 | 36.4% | 0.4% |
| AMERICAN FINANCIAL RESOURCES, INC. | $105,000 | $355,000 | 238.1% | 0.4% |
| SOUTHWEST STAGE FUNDING, LLC | $795,000 | $350,000 | -56.0% | 0.4% |
| AMERITRUST MORTGAGE CORPORATION | $345,000 | n/a | 0.4% | |
| Prosperity Home Mortgage, LLC | $345,000 | n/a | 0.4% | |
| U.S. Bank | $245,000 | $345,000 | 40.8% | 0.4% |
| NEWREZ LLC | $75,000 | $340,000 | 353.3% | 0.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $225,000 | $340,000 | 51.1% | 0.4% |
| Crossroads Bank | $335,000 | n/a | 0.4% | |
| Texas Gulf Bank | $325,000 | n/a | 0.4% | |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $550,000 | $305,000 | -44.5% | 0.4% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $265,000 | $305,000 | 15.1% | 0.4% |
| Plains Commerce Bank | $285,000 | n/a | 0.3% | |
| TRIAD FINANCIAL SERVICES, INC. | $320,000 | $285,000 | -10.9% | 0.3% |
| Sierra Pacific Mortgage Company, Inc. | $275,000 | n/a | 0.3% | |
| HOMEWAY MORTGAGE LLC | $270,000 | n/a | 0.3% | |
| USAA Federal Savings Bank | $395,000 | $265,000 | -32.9% | 0.3% |
| Barrington Bank & Trust Company, N.A. | $255,000 | n/a | 0.3% | |
| LEGEND LENDING CORPORATION | $255,000 | n/a | 0.3% | |
| The First National Bank of Bastrop | $255,000 | n/a | 0.3% | |
| CROSSCOUNTRY MORTGAGE, LLC | $615,000 | $225,000 | -63.4% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $225,000 | n/a | 0.3% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $225,000 | n/a | 0.3% | |
| Round Top State Bank | $225,000 | n/a | 0.3% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $215,000 | n/a | 0.3% | |
| NexBank | $380,000 | $215,000 | -43.4% | 0.3% |
| DEEPHAVEN MORTGAGE LLC | $205,000 | n/a | 0.2% | |
| Liberty National Bank | $425,000 | $205,000 | -51.8% | 0.2% |
| RF Renovo Management Company, LLC | $205,000 | n/a | 0.2% | |
| COUNTRYPLACE MORTGAGE, LTD. | $650,000 | $200,000 | -69.2% | 0.2% |
| CAPITAL CONCEPTS, INC. | $195,000 | n/a | 0.2% | |
| First-Citizens Bank & Trust Company | $195,000 | n/a | 0.2% | |
| FIRST COMMUNITY MORTGAGE, INC. | $195,000 | n/a | 0.2% | |
| Home Federal Bank | $195,000 | n/a | 0.2% | |
| HOMEXPRESS MORTGAGE CORP. | $195,000 | n/a | 0.2% | |
| Frost Bank | $185,000 | n/a | 0.2% | |
| Network Funding, L.P. | $1,095,000 | $185,000 | -83.1% | 0.2% |
| Servion, Inc. | $175,000 | n/a | 0.2% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $165,000 | n/a | 0.2% | |
| BETTER MORTGAGE CORPORATION | $375,000 | $165,000 | -56.0% | 0.2% |
| SECURITYNATIONAL MORTGAGE COMPANY | $765,000 | $165,000 | -78.4% | 0.2% |
| Bank of America | $230,000 | $160,000 | -30.4% | 0.2% |
| Zions Bank | $545,000 | $145,000 | -73.4% | 0.2% |
| 212 LOANS, LLC. | $125,000 | $135,000 | 8.0% | 0.2% |
| AmeriHome Mortgage Company, LLC | $135,000 | n/a | 0.2% | |
| GUARANTEED RATE, INC. | $290,000 | $135,000 | -53.4% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $115,000 | $115,000 | 0.0% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $115,000 | n/a | 0.1% | |
| RANDOLPH-BROOKS | $320,000 | $105,000 | -67.2% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $200,000 | $85,000 | -57.5% | 0.1% |
| FirstBank | $85,000 | n/a | 0.1% | |
| CARDINAL FINANCIAL | $75,000 | n/a | 0.1% | |
| SHELL FEDERAL CREDIT UNION | $65,000 | n/a | 0.1% | |
| FIRST SERVICE Credit Union | $545,000 | $35,000 | -93.6% | 0.0% |
Bay City's top lender by overall market share is Gateway First Bank, with 12.0% market share. In second place, with 7.7%, is SOUTHWEST FUNDING, LP, having originated $6,605,000 in loans. In third place, with 6.0%, is QUICKEN LOANS, LLC, having originated $5,145,000 in loans. In fourth place, with 5.7%, is PlainsCapital Bank, having originated $4,855,000 in loans. In fifth place, with 4.7%, is TEXAS DOW EMPLOYEES CREDIT UNION, having originated $3,990,000 in loans.
Bay City, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 285 | $64,925,000 | $227,807 |
| Refi | 45 | $10,815,000 | $240,333 |
| Cash Out Refi | 30 | $6,240,000 | $208,000 |
| Other | 16 | $2,200,000 | $137,500 |
| Home Improvement | 10 | $1,380,000 | $138,000 |
Bay City's most frequently cited loan purpose was Home Purchase, with 285 originations. The 2nd most popular reason was Refi, with 45 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 165 | $37,565,000 | $227,667 |
| 7-8% | 85 | $17,655,000 | $207,706 |
| Over 8% | 60 | $8,000,000 | $133,333 |
| 5-6% | 36 | $7,820,000 | $217,222 |
| 4-5% | 13 | $2,645,000 | $203,462 |
| <2.5% | 7 | $325,000 | $46,429 |
| 3-4% | 2 | $410,000 | $205,000 |
During 2024, Bay City's most frequently originated rate bucket was 6-7%, with 165 originations.
Loan Sizing (Bay City, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 164 | $42,930,000 | $261,768 |
| $100k-200k | 155 | $24,005,000 | $154,871 |
| $100,000 or less | 45 | $2,565,000 | $57,000 |
| $400k-600k | 19 | $9,335,000 | $491,316 |
| $600k-1000k | 2 | $1,870,000 | $935,000 |
| $Over $1MM | 1 | $4,855,000 | $4,855,000 |
Bay City's loan sizing saw the bucket of loans from $200k-400k with 164 originations, totaling $42,930,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 199 | $43,505,000 | $218,618 |
| 60-80% | 96 | $20,430,000 | $212,813 |
| 40-60% | 32 | $5,850,000 | $182,813 |
| Under 20% | 14 | $220,000 | $15,714 |
| 20-40% | 12 | $1,560,000 | $130,000 |
| Over 100% | 10 | $1,850,000 | $185,000 |
Bay City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 199 originations, totaling $43,505,000 in origination value.