Bonham Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Bonham averaged
6.72%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.14% and
one month ago for the week of 2023-04-20, the
average rate was 6.54%.
Bonham's average rate one year ago was 5%.
For refis of the same type during the week of 2023-05-25, the average rate
was 6.57%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| Bonham 30 Year Fixed Rate | 2023-05-25 | 6.72% |
| Bonham 30 Year Fixed Rate Refi | 2023-05-25 | 6.57% |
| Bonham 15 Year Fixed Rate | 2023-05-25 | 6.07% |
| Bonham 15 Year Fixed Rate Refi | 2023-05-25 | 6.27% |
| Bonham 30 Year FHA | 2023-05-25 | 6.59% |
| Bonham 30 Year FHA Refi | 2023-05-25 | 6.81% |
| Bonham 30 Year USDA | 2023-05-25 | 6.63% |
| Bonham 30 Year USDA Refi | 2023-05-25 | 6.43% |
| Bonham 30 Year VA | 2023-05-25 | 6.41% |
| Bonham 30 Year VA Refi | 2023-05-25 | 6.61% |
Bonham 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 Bonham, 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.).
Bonham Average Closing Costs & Other Stats
Bonham, TX's 96 lenders originated 872
loans during 2022. The total origination value was $223,330,000, with an average loan value of
$256,112.
Bonham's average closing costs are $6,062.
The top Bonham lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
49 loans originated. Their average total fees are
$8,344, which is $2,426
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Bonham lenders (with over 10 loans originated) are
First United Bank and Trust Company ($5,052), QUICKEN LOANS, LLC ($5,918), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,923), GUILD MORTGAGE COMPANY ($8,344) and .
The lowest rate Bonham lenders (with over 10 loans originated) are
GUILD MORTGAGE COMPANY (5.12%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (5.22%), QUICKEN LOANS, LLC (5.32%), First United Bank and Trust Company (5.47%) and .
Bonham, 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| GUILD MORTGAGE COMPANY | $30,260,000 | $21,500,000 | -28.9% | 9.6% |
| First United Bank and Trust Company | $20,720,000 | $20,545,000 | -0.8% | 9.2% |
| Alliance Bank | $295,000 | $11,490,000 | 3,794.9% | 5.1% |
| QUICKEN LOANS, LLC | $14,435,000 | $10,595,000 | -26.6% | 4.7% |
| The City National Bank of Sulphur Springs | $470,000 | $8,360,000 | 1,678.7% | 3.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $7,865,000 | $8,085,000 | 2.8% | 3.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $5,650,000 | $5,265,000 | -6.8% | 2.4% |
| Prosperity Bank | $2,135,000 | $4,770,000 | 123.4% | 2.1% |
| CALIBER HOME LOANS, INC. | $3,395,000 | $4,755,000 | 40.1% | 2.1% |
| Mortgage Research Center, LLC | $5,315,000 | $4,425,000 | -16.7% | 2.0% |
| 21ST MORTGAGE CORPORATION | $3,030,000 | $4,365,000 | 44.1% | 2.0% |
| Lamar National Bank | $195,000 | $4,120,000 | 2,012.8% | 1.8% |
| Legend Bank, N.A. | $8,520,000 | $3,880,000 | -54.5% | 1.7% |
| Independent Bank | $3,500,000 | $3,460,000 | -1.1% | 1.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,255,000 | $3,325,000 | 47.5% | 1.5% |
| BancorpSouth Bank | $3,280,000 | $3,145,000 | -4.1% | 1.4% |
| EVERETT FINANCIAL, INC. | $1,595,000 | $2,820,000 | 76.8% | 1.3% |
| CMG MORTGAGE, INC. | $480,000 | $2,575,000 | 436.5% | 1.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,855,000 | $2,535,000 | 36.7% | 1.1% |
| PENNYMAC LOAN SERVICES, LLC | $1,670,000 | $2,480,000 | 48.5% | 1.1% |
| Town Square Mortgage & Investments, Inc. | $1,090,000 | $2,140,000 | 96.3% | 1.0% |
| CERTAINTY HOME LOANS, LLC | $1,385,000 | $2,000,000 | 44.4% | 0.9% |
| LOANDEPOT.COM, LLC | $4,245,000 | $1,980,000 | -53.4% | 0.9% |
| SFMC, LP | $3,435,000 | $1,975,000 | -42.5% | 0.9% |
| Farm Credit Mid-America, ACA | $1,595,000 | $1,960,000 | 22.9% | 0.9% |
| TRIAD FINANCIAL SERVICES, INC. | $1,425,000 | $1,945,000 | 36.5% | 0.9% |
| SOUTHWEST STAGE FUNDING, LLC | $640,000 | $1,855,000 | 189.8% | 0.8% |
| AMCAP MORTGAGE, LTD. | $660,000 | $1,815,000 | 175.0% | 0.8% |
| JPMorgan Chase Bank | $1,315,000 | $1,730,000 | 31.6% | 0.8% |
| MID AMERICA MORTGAGE, INC. | $2,340,000 | $1,705,000 | -27.1% | 0.8% |
| Paramount Residential Mortgage Group, Inc. | $480,000 | $1,675,000 | 249.0% | 0.8% |
| MOVEMENT MORTGAGE, LLC | $1,860,000 | $1,635,000 | -12.1% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $3,275,000 | $1,505,000 | -54.0% | 0.7% |
| Wells Fargo Bank | $3,820,000 | $1,475,000 | -61.4% | 0.7% |
| WILLOW BEND MORTGAGE COMPANY, LLC | $1,300,000 | $1,435,000 | 10.4% | 0.6% |
| American State Bank | $1,420,000 | n/a | 0.6% | |
| BROKER SOLUTIONS, INC. | $435,000 | $1,390,000 | 219.5% | 0.6% |
| Centennial Bank | $1,355,000 | n/a | 0.6% | |
| ASPIRE FINANCIAL, INC. | $3,045,000 | $1,335,000 | -56.2% | 0.6% |
| Gateway First Bank | $1,960,000 | $1,175,000 | -40.1% | 0.5% |
| Citizens Bank | $495,000 | $1,165,000 | 135.4% | 0.5% |
| GUARANTEED RATE, INC. | $1,110,000 | n/a | 0.5% | |
| USAA Federal Savings Bank | $370,000 | $1,090,000 | 194.6% | 0.5% |
| VAN DYK MORTGAGE CORPORATION | $1,090,000 | n/a | 0.5% | |
| Prosperity Home Mortgage, LLC | $1,845,000 | $1,080,000 | -41.5% | 0.5% |
| Hometown Lenders, Inc. | $270,000 | $1,020,000 | 277.8% | 0.5% |
| Flagstar Bank, FSB | $1,270,000 | $1,000,000 | -21.3% | 0.4% |
| Bank of America | $590,000 | $995,000 | 68.6% | 0.4% |
| BETTER MORTGAGE CORPORATION | $1,695,000 | $980,000 | -42.2% | 0.4% |
| HOME POINT FINANCIAL CORPORATION | $1,335,000 | $975,000 | -27.0% | 0.4% |
| AmeriHome Mortgage Company, LLC | $955,000 | n/a | 0.4% | |
| Veritex Community Bank | $135,000 | $935,000 | 592.6% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $1,130,000 | $930,000 | -17.7% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,595,000 | $930,000 | -64.2% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $625,000 | $910,000 | 45.6% | 0.4% |
| Texas Bank | $245,000 | $910,000 | 271.4% | 0.4% |
| North American Savings Bank, F.S.B. | $145,000 | $895,000 | 517.2% | 0.4% |
| DAS Acquisition Company, LLC | $195,000 | $860,000 | 341.0% | 0.4% |
| PLAZA HOME MORTGAGE, INC. | $225,000 | $855,000 | 280.0% | 0.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $475,000 | $820,000 | 72.6% | 0.4% |
| City Bank | $1,345,000 | $780,000 | -42.0% | 0.3% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $615,000 | $765,000 | 24.4% | 0.3% |
| T2 FINANCIAL LLC | $825,000 | $745,000 | -9.7% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $610,000 | $740,000 | 21.3% | 0.3% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,580,000 | $725,000 | -54.1% | 0.3% |
| Carrington Mortgage Services, LLC | $250,000 | $720,000 | 188.0% | 0.3% |
| UMB Bank | $195,000 | $705,000 | 261.5% | 0.3% |
| THRIVE MORTGAGE, LLC | $1,545,000 | $680,000 | -56.0% | 0.3% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $325,000 | $660,000 | 103.1% | 0.3% |
| AAXY L.L.C. | $595,000 | n/a | 0.3% | |
| COUNTRYPLACE MORTGAGE, LTD. | $865,000 | $595,000 | -31.2% | 0.3% |
| DRAPER AND KRAMER MORTGAGE CORP. | $185,000 | $585,000 | 216.2% | 0.3% |
| UNITED BUILT HOMES, L.L.C. | $1,040,000 | $580,000 | -44.2% | 0.3% |
| S1L, Inc. | $305,000 | $560,000 | 83.6% | 0.3% |
| SWBC MORTGAGE CORPORATION | $1,060,000 | $550,000 | -48.1% | 0.2% |
| Inwood National Bank | $735,000 | $545,000 | -25.9% | 0.2% |
| INTEGRITY MORTGAGE CORPORATION OF TEXAS | $2,200,000 | $540,000 | -75.5% | 0.2% |
| BOKF | $980,000 | $535,000 | -45.4% | 0.2% |
| Credit Union of Texas | $45,000 | $535,000 | 1,088.9% | 0.2% |
| First Financial Bank | $360,000 | $520,000 | 44.4% | 0.2% |
| RANDOLPH-BROOKS | $905,000 | $510,000 | -43.6% | 0.2% |
| AgFirst Farm Credit Bank | $630,000 | $495,000 | -21.4% | 0.2% |
| MORTGAGE FINANCIAL SERVICES, LLC | $1,760,000 | $490,000 | -72.2% | 0.2% |
| First United Bank | $485,000 | n/a | 0.2% | |
| Texas Republic Bank | $115,000 | $475,000 | 313.0% | 0.2% |
| DIRECTIONS EQUITY, LLC | $460,000 | n/a | 0.2% | |
| U.S. Bank | $1,600,000 | $460,000 | -71.3% | 0.2% |
| SUMMIT FUNDING, INC. | $1,040,000 | $430,000 | -58.7% | 0.2% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $345,000 | $425,000 | 23.2% | 0.2% |
| NATIONS RELIABLE LENDING, LLC | $205,000 | $410,000 | 100.0% | 0.2% |
| The First National Bank of Tom Bean | $2,145,000 | $405,000 | -81.1% | 0.2% |
| Zions Bancorporation, N.A. | $405,000 | n/a | 0.2% | |
| Chicago Mortgage Solutions LLC | $115,000 | $395,000 | 243.5% | 0.2% |
| LEADERONE FINANCIAL CORPORATION | $360,000 | $395,000 | 9.7% | 0.2% |
| PANORAMA MORTGAGE GROUP, LLC | $395,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $395,000 | n/a | 0.2% | |
| FINANCE OF AMERICA MORTGAGE LLC | $710,000 | $390,000 | -45.1% | 0.2% |
| GENEVA FINANCIAL, LLC | $145,000 | $365,000 | 151.7% | 0.2% |
| GREAT WESTERN FINANCIAL SERVICES, INC. | $220,000 | $365,000 | 65.9% | 0.2% |
| GUIDANCE RESIDENTIAL, LLC | $365,000 | n/a | 0.2% | |
| Hometown Equity Mortgage, LLC | $360,000 | n/a | 0.2% | |
| LENDINGHOME FUNDING CORPORATION | $125,000 | $355,000 | 184.0% | 0.2% |
| Northpointe Bank | $355,000 | n/a | 0.2% | |
| Loan Simple, Inc. | $165,000 | $350,000 | 112.1% | 0.2% |
| Commercial Bank of Texas | $510,000 | $340,000 | -33.3% | 0.2% |
| OPEN MORTGAGE, LLC | $935,000 | $340,000 | -63.6% | 0.2% |
| First Horizon Bank | $670,000 | $335,000 | -50.0% | 0.2% |
| ACADEMY MORTGAGE CORPORATION | $605,000 | $325,000 | -46.3% | 0.1% |
| Ixonia Bank | $325,000 | n/a | 0.1% | |
| Strong Home Mortgage, LLC | $325,000 | n/a | 0.1% | |
| Nations Lending Corporation | $665,000 | $320,000 | -51.9% | 0.1% |
| Trustmark National Bank | $315,000 | n/a | 0.1% | |
| NEWREZ LLC | $1,240,000 | $310,000 | -75.0% | 0.1% |
| American National Bank & Trust | $305,000 | n/a | 0.1% | |
| NETWORK CAPITAL FUNDING CORPORATION | $305,000 | n/a | 0.1% | |
| UNITED MORTGAGE CORP. | $285,000 | $305,000 | 7.0% | 0.1% |
| Plains Commerce Bank | $300,000 | n/a | 0.1% | |
| MidFirst Bank | $295,000 | n/a | 0.1% | |
| CITY | $290,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $290,000 | n/a | 0.1% | |
| Colonial Savings, F.A. | $45,000 | $285,000 | 533.3% | 0.1% |
| ARC HOME LLC | $275,000 | n/a | 0.1% | |
| Comerica Bank | $265,000 | n/a | 0.1% | |
| First Bank | $950,000 | $260,000 | -72.6% | 0.1% |
| AMERICAN ADVISORS GROUP | $380,000 | $255,000 | -32.9% | 0.1% |
| ENVOY MORTGAGE, LTD | $255,000 | n/a | 0.1% | |
| DEEPHAVEN MORTGAGE LLC | $225,000 | n/a | 0.1% | |
| First Option Mortgage, LLC | $225,000 | n/a | 0.1% | |
| First State Bank | $1,385,000 | $225,000 | -83.8% | 0.1% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $225,000 | n/a | 0.1% | |
| GENCO Federal Credit Union | $215,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $165,000 | $215,000 | 30.3% | 0.1% |
| THE MORTGAGE LINK, INC. | $215,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $745,000 | $215,000 | -71.1% | 0.1% |
| Encompass Lending Group, LP | $205,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,185,000 | $205,000 | -82.7% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $975,000 | $200,000 | -79.5% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $795,000 | $195,000 | -75.5% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $195,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $310,000 | $195,000 | -37.1% | 0.1% |
| Texas Mortgage Lending, LLC | $195,000 | n/a | 0.1% | |
| Frost Bank | $190,000 | n/a | 0.1% | |
| ANGEL OAK HOME LOANS LLC | $185,000 | n/a | 0.1% | |
| Arvest Bank | $185,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $185,000 | $185,000 | 0.0% | 0.1% |
| First State Bank | $1,385,000 | $185,000 | -86.6% | 0.1% |
| Deere Employees Credit Union | $155,000 | $175,000 | 12.9% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $175,000 | n/a | 0.1% | |
| LONE STAR | $515,000 | $175,000 | -66.0% | 0.1% |
| SPRING EQ, LLC | $175,000 | n/a | 0.1% | |
| NexBank | $295,000 | $165,000 | -44.1% | 0.1% |
| SOFI LENDING CORP. | $165,000 | n/a | 0.1% | |
| Bank of England | $75,000 | $155,000 | 106.7% | 0.1% |
| STEARNS LENDING, LLC | $205,000 | $155,000 | -24.4% | 0.1% |
| V.I.P. MORTGAGE, INC. | $590,000 | $155,000 | -73.7% | 0.1% |
| Austin Capital Bank SSB | $145,000 | n/a | 0.1% | |
| First Internet Bank of Indiana | $145,000 | n/a | 0.1% | |
| Lend Smart Mortgage, LLC | $145,000 | n/a | 0.1% | |
| LOANPAL, LLC | $275,000 | $145,000 | -47.3% | 0.1% |
| Equity Prime Mortgage LLC | $305,000 | $135,000 | -55.7% | 0.1% |
| LENDINGONE, LLC | $135,000 | n/a | 0.1% | |
| Watermark Capital, Inc. | $135,000 | n/a | 0.1% | |
| Atlantic Union Bank | $125,000 | n/a | 0.1% | |
| TEXAR | $125,000 | n/a | 0.1% | |
| FirstBank | $115,000 | n/a | 0.1% | |
| First Bank & Trust | $185,000 | $115,000 | -37.8% | 0.1% |
| SOVEREIGN LENDING GROUP INCORPORATED | $115,000 | n/a | 0.1% | |
| Truist | $115,000 | n/a | 0.1% | |
| Wyndham Capital Mortgage, Inc. | $205,000 | $115,000 | -43.9% | 0.1% |
| SHELL FEDERAL CREDIT UNION | $345,000 | $95,000 | -72.5% | 0.0% |
| F & M Bank | $2,470,000 | $85,000 | -96.6% | 0.0% |
| ENCORE BANK | $65,000 | n/a | 0.0% | |
| United Community Bank | $65,000 | n/a | 0.0% | |
| MOBILITY Credit Union | $55,000 | n/a | 0.0% | |
| PNC Bank | $55,000 | n/a | 0.0% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $695,000 | $55,000 | -92.1% | 0.0% |
| Southwest Airlines Federal Credit Union | $115,000 | $45,000 | -60.9% | 0.0% |
| Discover Bank | $85,000 | $35,000 | -58.8% | 0.0% |
Bonham's top lender by overall market share is GUILD MORTGAGE COMPANY, with 9.6% market share. In second place, with 9.2%, is First United Bank and Trust Company, having originated $20,545,000 in loans. In third place, with 5.1%, is Alliance Bank, having originated $11,490,000 in loans. In fourth place, with 4.7%, is QUICKEN LOANS, LLC, having originated $10,595,000 in loans. In fifth place, with 3.7%, is The City National Bank of Sulphur Springs, having originated $8,360,000 in loans.
Bonham, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 577 | $153,315,000 | $265,711 |
| Cash Out Refi | 134 | $29,460,000 | $219,851 |
| Refi | 106 | $31,660,000 | $298,679 |
| Other | 28 | $3,960,000 | $141,429 |
| Home Improvement | 27 | $4,935,000 | $182,778 |
Bonham's most frequently cited loan purpose was Home Purchase, with 577 originations. The 2nd most popular reason was Cash Out Refi, with 134 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 228 | $66,850,000 | $293,202 |
| 4-5% | 171 | $40,785,000 | $238,509 |
| 3-4% | 153 | $39,425,000 | $257,680 |
| 6-7% | 120 | $28,460,000 | $237,167 |
| 2.5-3% | 43 | $11,065,000 | $257,326 |
| 7-8% | 41 | $6,865,000 | $167,439 |
| Over 8% | 35 | $4,195,000 | $119,857 |
| <2.5% | 28 | $2,310,000 | $82,500 |
During 2022, Bonham's most frequently originated rate bucket was 5-6%, with 228 originations.
Loan Sizing (Bonham, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 323 | $91,155,000 | $282,214 |
| $100k-200k | 319 | $48,015,000 | $150,517 |
| $100,000 or less | 123 | $7,645,000 | $62,154 |
| $400k-600k | 79 | $36,425,000 | $461,076 |
| $600k-1000k | 22 | $15,490,000 | $704,091 |
| $Over $1MM | 6 | $24,600,000 | $4,100,000 |
Bonham's loan sizing saw the bucket of loans from $200k-400k with 323 originations, totaling $91,155,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 361 | $89,075,000 | $246,745 |
| 60-80% | 212 | $56,650,000 | $267,217 |
| 40-60% | 126 | $37,700,000 | $299,206 |
| 20-40% | 62 | $9,830,000 | $158,548 |
| Under 20% | 41 | $1,435,000 | $35,000 |
| Over 100% | 19 | $5,415,000 | $285,000 |
Bonham's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 361 originations, totaling $89,075,000 in origination value.