Bonham Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Bonham averaged
7.4%
for the week of 2024-04-18, compared to the national average of
7.1% for the same period.
The average rate for the prior week (2024-04-11) was
7.28% and
one month ago for the week of 2024-03-14, the
average rate was 7.04%.
Bonham's average rate one year ago was 6.47%.
For refis of the same type during the week of 2024-04-18, the average rate
was 7.6%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-04-18 | 7.1% |
| Bonham 30 Year Fixed Rate | 2024-04-18 | 7.4% |
| Bonham 30 Year Fixed Rate Refi | 2024-04-18 | 7.6% |
| Bonham 15 Year Fixed Rate | 2024-04-18 | 6.59% |
| Bonham 15 Year Fixed Rate Refi | 2024-04-18 | 6.79% |
| Bonham 30 Year FHA | 2024-04-18 | 7.12% |
| Bonham 30 Year FHA Refi | 2024-04-18 | 6.86% |
| Bonham 30 Year USDA | 2024-04-18 | 6.96% |
| Bonham 30 Year USDA Refi | 2024-04-18 | 6.76% |
| Bonham 30 Year VA | 2024-04-18 | 6.66% |
| Bonham 30 Year VA Refi | 2024-04-18 | 6.66% |
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 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.