Bonham Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Bonham averaged 7.11% for the week of 2024-11-27, compared to the national average of 6.81% for the same period.

The average rate for the prior week (2024-11-21) was 7.24% and one month ago for the week of 2024-10-24, the average rate was 6.74%.

Bonham's average rate one year ago was 7.59%.

For refis of the same type during the week of 2024-11-27, the average rate was 7.31%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-11-27 6.81%
Bonham 30 Year Fixed Rate 2024-11-27 7.11%
Bonham 30 Year Fixed Rate Refi 2024-11-27 7.31%
Bonham 15 Year Fixed Rate 2024-11-27 6.3%
Bonham 15 Year Fixed Rate Refi 2024-11-27 6.2%
Bonham 30 Year FHA 2024-11-27 0.36%
Bonham 30 Year FHA Refi 2024-11-27 0.2%
Bonham 30 Year USDA 2024-11-27 -0.2%
Bonham 30 Year USDA Refi 2024-11-27 0.2%
Bonham 30 Year VA 2024-11-27 -0.2%
Bonham 30 Year VA Refi 2024-11-27 0.1%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Bonham, TX.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUILD MORTGAGE COMPANY 33 6.81% $8,456
First United Bank and Trust Company 21 7.12% $7,452
QUICKEN LOANS, LLC 15 7.21% $6,989
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 6.71% $9,483
UNITED WHOLESALE MORTGAGE, LLC 10 6.93% $7,014
GUARANTEED RATE, INC. 4 6.29% $5,437
PENNYMAC LOAN SERVICES, LLC 4 7.19% $8,751
SFMC, LP 4 6.75% $7,708
NEWREZ LLC 4 7.16% $6,265
JPMorgan Chase Bank 4 7.31% $6,151
Farm Credit Mid-America, ACA 4 7.44% $10,863
Town Square Mortgage & Investments, Inc. 4 6.94% $6,862
21ST MORTGAGE CORPORATION 4 7.78% $6,623
CARDINAL FINANCIAL 4 7.22% $10,281
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.58% $6,700
CROSSCOUNTRY MORTGAGE, LLC 3 7.75% $8,880
BancorpSouth 3 7.21% $11,567
INTEGRITY MORTGAGE CORPORATION OF TEXAS 2 6.75% $7,712
OPEN MORTGAGE, LLC 2 7.50% $6,526
THE MORTGAGE LINK, INC. 2 6.68% $10,016
NexBank 2 6.31% $4,545
S1L, Inc. 2 6.75% $9,150
CALIBER HOME LOANS, INC. 2 6.44% $5,650
LOANDEPOT.COM, LLC 2 6.50% $16,967
AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 7.37% $7,684
Prosperity Home Mortgage, LLC 2 7.31% $5,187
LAKEVIEW LOAN SERVICING, LLC 1 7.50% $7,206
LOANPAL, LLC 1 6.63% $10,275
LOANPEOPLE, LLC 1 5.88% $8,076
MID AMERICA MORTGAGE, INC. 1 6.13% $8,737
Morgan Stanley Private Bank 1 6.45% $5,449
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.50% $5,940
Neighborhood Loans, Inc. 1 6.99% $8,617
Network Funding, L.P. 1 6.38% $6,775
NEXERA HOLDING LLC 1 8.13% $13,040
Northpointe Bank 1 6.75% $8,098
OCMBC, INC. 1 8.50% $11,008
ON Q FINANCIAL, INC. 1 6.88% $6,698
Plains Commerce Bank 1 7.25% $14,870
PNC Bank 1 6.63% $3,567
Preston Home Loans Inc 1 6.50% $8,982
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.38% $9,593
PROPER RATE, LLC 1 7.50% $10,692
Raymond James Bank 1 5.88% $5,096
RED RIVER EMPLOYEES 1 6.88% $1,183
Regions Bank 1 8.25% $8,008
ROYAL UNITED MORTGAGE LLC 1 7.63% $6,448
Security State Bank & Trust 1 6.00% $18,336
TEACHERS 1 6.38% $3,299
The American National Bank of Texas 1 6.88% $6,328
The Loan Store, Inc. 1 7.50% $5,446
THE MORTGAGE FIRM, INC. 1 6.99% $6,293
THRIVE MORTGAGE, LLC 1 7.50% $9,449
TIB The Independent Bankersbank 1 7.63% $7,112
TRIAD FINANCIAL SERVICES, INC. 1 9.63% $6,910
UNION HOME MORTGAGE CORP. 1 7.25% $10,110
U.S. Bank 1 6.00% $3,596
VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.99% $8,077
VAN DYK MORTGAGE CORPORATION 1 6.00% $3,027
Veritex Community Bank 1 6.13% $5,399
Wells Fargo Bank 1 6.75% $3,730
A&D Mortgage LLC 1 9.88% $12,507
Ally Bank 1 6.00% $3,699
AMERICAN FINANCE HOUSE LARIBA 1 7.57% $6,655
American National Bank & Trust 1 7.25% $9,126
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.50% $9,954
AmeriHome Mortgage Company, LLC 1 6.25% $3,939
AMERISAVE MORTGAGE CORPORATION 1 6.50% $22,682
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.62% $3,248
Arvest Bank 1 6.88% $2,380
BETTER MORTGAGE CORPORATION 1 6.25% $2,958
BOKF 1 7.50% $7,404
BROKER SOLUTIONS, INC. 1 7.25% $6,795
Carrington Mortgage Services, LLC 1 6.75% $7,531
Centennial Bank 1 6.13% $9,925
City Bank 1 7.63% $11,618
CMG MORTGAGE, INC. 1 6.75% $7,903
Commercial Bank of Texas 1 6.13% $4,710
EVERETT FINANCIAL, INC. 1 6.88% $11,080
First Bank 1 7.38% $7,228
First State Bank 1 7.38% $4,277
FirstTrust Home Loans, Inc. 1 6.50% $8,627
FREEDOM MORTGAGE CORPORATION 1 7.63% $6,764
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 8.13% $13,045
Heritage Bank 1 5.75% $10,439
Independent Bank 1 5.50% $14,334

Bonham Average Closing Costs & Other Stats

Bonham, TX's 86 lenders originated 606 loans during 2023. The total origination value was $139,780,000, with an average loan value of $230,660.

Bonham's average closing costs are $6,431.

The top Bonham lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 33 loans originated. Their average total fees are $8,456, which is $1,004 higher than the next largest lender, First United Bank and Trust Company.

The lowest fee Bonham lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($6,989), UNITED WHOLESALE MORTGAGE, LLC ($7,014), First United Bank and Trust Company ($7,452), GUILD MORTGAGE COMPANY ($8,456) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($9,483).

The lowest rate Bonham lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.71%), GUILD MORTGAGE COMPANY (6.81%), UNITED WHOLESALE MORTGAGE, LLC (6.93%), First United Bank and Trust Company (7.12%) and QUICKEN LOANS, LLC (7.21%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
GUILD MORTGAGE COMPANY $21,500,000 $16,050,000 -25.3% 11.5%
First United Bank and Trust Company $20,545,000 $12,685,000 -38.3% 9.1%
QUICKEN LOANS, LLC $10,595,000 $6,375,000 -39.8% 4.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $8,085,000 $5,785,000 -28.4% 4.1%
UNITED WHOLESALE MORTGAGE, LLC $5,265,000 $5,680,000 7.9% 4.1%
21ST MORTGAGE CORPORATION $4,365,000 $3,740,000 -14.3% 2.7%
CARDINAL FINANCIAL $2,535,000 $2,775,000 9.5% 2.0%
Legend Bank, N.A. $3,880,000 $2,760,000 -28.9% 2.0%
Town Square Mortgage & Investments, Inc. $2,140,000 $2,550,000 19.2% 1.8%
SFMC, LP $1,975,000 $2,365,000 19.7% 1.7%
BancorpSouth $3,145,000 $2,330,000 -25.9% 1.7%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $2,155,000 n/a 1.5%
Farm Credit Mid-America, ACA $1,960,000 $2,105,000 7.4% 1.5%
EVERETT FINANCIAL, INC. $2,820,000 $2,055,000 -27.1% 1.5%
GUARANTEED RATE, INC. $1,110,000 $2,010,000 81.1% 1.4%
PENNYMAC LOAN SERVICES, LLC $2,480,000 $1,775,000 -28.4% 1.3%
Mortgage Research Center, LLC $4,425,000 $1,585,000 -64.2% 1.1%
LOANDEPOT.COM, LLC $1,980,000 $1,580,000 -20.2% 1.1%
JPMorgan Chase Bank $1,730,000 $1,530,000 -11.6% 1.1%
RANDOLPH-BROOKS $510,000 $1,470,000 188.2% 1.1%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $1,355,000 n/a 1.0%
CROSSCOUNTRY MORTGAGE, LLC $3,325,000 $1,350,000 -59.4% 1.0%
Inwood National Bank $545,000 $1,175,000 115.6% 0.8%
S1L, Inc. $560,000 $1,160,000 107.1% 0.8%
MID AMERICA MORTGAGE, INC. $1,705,000 $1,155,000 -32.3% 0.8%
The American National Bank of Texas $1,155,000 n/a 0.8%
TRIAD FINANCIAL SERVICES, INC. $1,945,000 $1,145,000 -41.1% 0.8%
b1BANK $1,135,000 n/a 0.8%
THE MORTGAGE LINK, INC. $215,000 $1,135,000 427.9% 0.8%
NEWREZ LLC $310,000 $1,100,000 254.8% 0.8%
UNITED BUILT HOMES, L.L.C. $580,000 $1,100,000 89.7% 0.8%
Plains Commerce Bank $300,000 $1,095,000 265.0% 0.8%
MUTUAL OF OMAHA MORTGAGE, INC. $1,020,000 n/a 0.7%
AMERISAVE MORTGAGE CORPORATION $910,000 $980,000 7.7% 0.7%
RF Renovo Management Company, LLC $980,000 n/a 0.7%
AMCAP MORTGAGE, LTD. $1,815,000 $975,000 -46.3% 0.7%
PRIMELENDING, A PLAINSCAPITAL COMPANY $205,000 $975,000 375.6% 0.7%
LOANPAL, LLC $145,000 $965,000 565.5% 0.7%
Prosperity Home Mortgage, LLC $1,080,000 $950,000 -12.0% 0.7%
VANDERBILT MORTGAGE AND FINANCE, INC. $820,000 $950,000 15.9% 0.7%
SOUTHWEST STAGE FUNDING, LLC $1,855,000 $920,000 -50.4% 0.7%
Independent Bank $3,460,000 $880,000 -74.6% 0.6%
Raymond James Bank $805,000 n/a 0.6%
Commercial Bank of Texas $340,000 $785,000 130.9% 0.6%
Neighborhood Loans, Inc. $785,000 n/a 0.6%
City Bank $780,000 $770,000 -1.3% 0.6%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $725,000 $760,000 4.8% 0.5%
Regions Bank $725,000 n/a 0.5%
ACADEMY MORTGAGE CORPORATION $325,000 $695,000 113.8% 0.5%
AMERICAN PACIFIC MORTGAGE CORPORATION $195,000 $660,000 238.5% 0.5%
NAVY FEDERAL CREDIT UNION $740,000 $615,000 -16.9% 0.4%
SUMMIT FUNDING, INC. $430,000 $610,000 41.9% 0.4%
Third Coast Bank SSB $600,000 n/a 0.4%
Northpointe Bank $355,000 $585,000 64.8% 0.4%
Alliance Bank $11,490,000 $580,000 -95.0% 0.4%
First Bank $260,000 $565,000 117.3% 0.4%
BROKER SOLUTIONS, INC. $1,390,000 $560,000 -59.7% 0.4%
FREEDOM MORTGAGE CORPORATION $1,505,000 $530,000 -64.8% 0.4%
American State Bank $1,420,000 $525,000 -63.0% 0.4%
INTEGRITY MORTGAGE CORPORATION OF TEXAS $540,000 $520,000 -3.7% 0.4%
Heritage Bank $515,000 n/a 0.4%
Morgan Stanley Private Bank $515,000 n/a 0.4%
USAA Federal Savings Bank $1,090,000 $515,000 -52.8% 0.4%
CREDIT HUMAN FEDERAL CREDIT UNION $505,000 n/a 0.4%
RED RIVER EMPLOYEES $495,000 n/a 0.4%
Equity Prime Mortgage LLC $135,000 $470,000 248.1% 0.3%
PNC Bank $55,000 $465,000 745.5% 0.3%
American National Bank & Trust $305,000 $455,000 49.2% 0.3%
THRIVE MORTGAGE, LLC $680,000 $445,000 -34.6% 0.3%
Paramount Residential Mortgage Group, Inc. $1,675,000 $430,000 -74.3% 0.3%
Security State Bank & Trust $425,000 n/a 0.3%
NexBank $165,000 $410,000 148.5% 0.3%
OPEN MORTGAGE, LLC $340,000 $410,000 20.6% 0.3%
Preston Home Loans Inc $405,000 n/a 0.3%
Ennis State Bank $395,000 n/a 0.3%
NEXERA HOLDING LLC $385,000 n/a 0.3%
PROPER RATE, LLC $385,000 n/a 0.3%
BETTER MORTGAGE CORPORATION $980,000 $380,000 -61.2% 0.3%
The Loan Store, Inc. $380,000 n/a 0.3%
Ally Bank $375,000 n/a 0.3%
CMG MORTGAGE, INC. $2,575,000 $360,000 -86.0% 0.3%
UNION HOME MORTGAGE CORP. $360,000 n/a 0.3%
Centennial Bank $1,355,000 $345,000 -74.5% 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $325,000 n/a 0.2%
CALIBER HOME LOANS, INC. $4,755,000 $320,000 -93.3% 0.2%
First National Bank of America $315,000 n/a 0.2%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $315,000 n/a 0.2%
Citizens Bank $1,165,000 $305,000 -73.8% 0.2%
MANN FINANCIAL INC. $305,000 n/a 0.2%
A&D Mortgage LLC $295,000 n/a 0.2%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $295,000 n/a 0.2%
OCMBC, INC. $295,000 n/a 0.2%
SIWELL, INC. $295,000 n/a 0.2%
The Central Trust Bank $295,000 n/a 0.2%
MOVEMENT MORTGAGE, LLC $1,635,000 $285,000 -82.6% 0.2%
Barrington Bank & Trust Company, N.A. $185,000 $265,000 43.2% 0.2%
Credence Funding Corporation $265,000 n/a 0.2%
TEXAS TECH $265,000 n/a 0.2%
TIB The Independent Bankersbank $265,000 n/a 0.2%
GENEVA FINANCIAL, LLC $365,000 $255,000 -30.1% 0.2%
HOMESTEAD FUNDING CORP. $255,000 n/a 0.2%
U.S. Bank $460,000 $255,000 -44.6% 0.2%
LAKEVIEW LOAN SERVICING, LLC $930,000 $250,000 -73.1% 0.2%
Flagstar Bank, FSB $1,000,000 $245,000 -75.5% 0.2%
THE MORTGAGE FIRM, INC. $245,000 n/a 0.2%
PROVIDENT FUNDING ASSOCIATES, L.P. $660,000 $230,000 -65.2% 0.2%
Bank of America $995,000 $215,000 -78.4% 0.2%
Comerica Bank $265,000 $215,000 -18.9% 0.2%
SECURITYNATIONAL MORTGAGE COMPANY $55,000 $215,000 290.9% 0.2%
WILLOW BEND MORTGAGE COMPANY, LLC $1,435,000 $215,000 -85.0% 0.2%
HomePromise Corporation $205,000 n/a 0.1%
PLAZA HOME MORTGAGE, INC. $855,000 $205,000 -76.0% 0.1%
MEMBER FIRST MORTGAGE, LLC $195,000 n/a 0.1%
TEXANS $195,000 n/a 0.1%
First State Bank $185,000 $185,000 0.0% 0.1%
LOANPEOPLE, LLC $185,000 n/a 0.1%
NTFN, INC. $185,000 n/a 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $175,000 n/a 0.1%
FirstTrust Home Loans, Inc. $175,000 n/a 0.1%
Loan Simple, Inc. $350,000 $175,000 -50.0% 0.1%
PILGRIM MORTGAGE LLC $175,000 n/a 0.1%
Wells Fargo Bank $1,475,000 $175,000 -88.1% 0.1%
Frost Bank $190,000 $170,000 -10.5% 0.1%
FBC MORTGAGE, LLC $165,000 n/a 0.1%
Keystone Funding, Inc. $165,000 n/a 0.1%
Nations Lending Corporation $320,000 $165,000 -48.4% 0.1%
AMERICAN FINANCE HOUSE LARIBA $155,000 n/a 0.1%
FORT WORTH COMMUNITY $155,000 n/a 0.1%
GREATER TEXAS FEDERAL CREDIT UNION $155,000 n/a 0.1%
The First National Bank of Tom Bean $405,000 $155,000 -61.7% 0.1%
Veritex Community Bank $935,000 $155,000 -83.4% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $140,000 n/a 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $195,000 $135,000 -30.8% 0.1%
BOKF $535,000 $135,000 -74.8% 0.1%
Zions Bank $405,000 $135,000 -66.7% 0.1%
Network Funding, L.P. $125,000 n/a 0.1%
ON Q FINANCIAL, INC. $125,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $955,000 $115,000 -88.0% 0.1%
Arvest Bank $185,000 $115,000 -37.8% 0.1%
Carrington Mortgage Services, LLC $720,000 $115,000 -84.0% 0.1%
FINANCE OF AMERICA REVERSE LLC $115,000 n/a 0.1%
EECU $105,000 n/a 0.1%
First Financial Bank $520,000 $105,000 -79.8% 0.1%
VAN DYK MORTGAGE CORPORATION $1,090,000 $95,000 -91.3% 0.1%
Credit Union of Texas $535,000 $85,000 -84.1% 0.1%
Discover Bank $35,000 $85,000 142.9% 0.1%
First Texoma National Bank $85,000 n/a 0.1%
TEACHERS $85,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $65,000 n/a 0.0%
Truity Federal Credit Union $55,000 n/a 0.0%
Texas Bank $910,000 $35,000 -96.2% 0.0%

Bonham's top lender by overall market share is GUILD MORTGAGE COMPANY, with 11.5% market share. In second place, with 9.1%, is First United Bank and Trust Company, having originated $12,685,000 in loans. In third place, with 4.6%, is QUICKEN LOANS, LLC, having originated $6,375,000 in loans. In fourth place, with 4.1%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $5,785,000 in loans. In fifth place, with 4.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $5,680,000 in loans.

Bonham, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 466 $116,530,000 $250,064
Cash Out Refi 57 $10,715,000 $187,982
Refi 38 $7,360,000 $193,684
Other 23 $3,155,000 $137,174
Home Improvement 22 $2,020,000 $91,818

Bonham's most frequently cited loan purpose was Home Purchase, with 466 originations. The 2nd most popular reason was Cash Out Refi, with 57 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 194 $52,470,000 $270,464
7-8% 175 $40,845,000 $233,400
Over 8% 121 $21,755,000 $179,793
5-6% 70 $19,170,000 $273,857
<2.5% 19 $115,000 $6,053
4-5% 1 $55,000 $55,000
3-4% 1 $215,000 $215,000

During 2023, Bonham's most frequently originated rate bucket was 6-7%, with 194 originations.

Loan Sizing (Bonham, TX MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 245 $67,855,000 $276,959
$100k-200k 199 $30,745,000 $154,497
$100,000 or less 96 $5,260,000 $54,792
$400k-600k 54 $26,050,000 $482,407
$600k-1000k 10 $7,220,000 $722,000
$Over $1MM 2 $2,650,000 $1,325,000

Bonham's loan sizing saw the bucket of loans from $200k-400k with 245 originations, totaling $67,855,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 287 $72,455,000 $252,456
60-80% 134 $37,610,000 $280,672
40-60% 57 $12,465,000 $218,684
Under 20% 47 $2,055,000 $43,723
20-40% 44 $6,420,000 $145,909
Over 100% 13 $3,425,000 $263,462

Bonham's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 287 originations, totaling $72,455,000 in origination value.