Brenham Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Brenham averaged
6.7%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.43% and
one month ago for the week of 2024-10-03, the
average rate was 5.93%.
Brenham's average rate one year ago was 7.47%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.99%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Brenham 30 Year Fixed Rate | 2024-11-07 | 6.7% |
| Brenham 30 Year Fixed Rate Refi | 2024-11-07 | 6.99% |
| Brenham 15 Year Fixed Rate | 2024-11-07 | 6% |
| Brenham 15 Year Fixed Rate Refi | 2024-11-07 | 6.5% |
| Brenham 30 Year FHA | 2024-11-07 | 6.43% |
| Brenham 30 Year FHA Refi | 2024-11-07 | 6.53% |
| Brenham 30 Year USDA | 2024-11-07 | 6.38% |
| Brenham 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Brenham 30 Year VA | 2024-11-07 | 6.14% |
| Brenham 30 Year VA Refi | 2024-11-07 | 6.14% |
Brenham 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 Brenham, 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.).
Brenham Average Closing Costs & Other Stats
Brenham, TX's 65 lenders originated 535
loans during 2023. The total origination value was $172,785,000, with an average loan value of
$322,963.
Brenham's average closing costs are $6,284.
The top Brenham lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with
25 loans originated. Their average total fees are
$4,166, which is $3,161
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Brenham lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($4,166), Flagstar Bank, FSB ($6,068), QUICKEN LOANS, LLC ($7,327), CROSSCOUNTRY MORTGAGE, LLC ($9,257) and .
The lowest rate Brenham lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.39%), Flagstar Bank, FSB (6.60%), CROSSCOUNTRY MORTGAGE, LLC (6.78%), QUICKEN LOANS, LLC (6.85%) and .
Brenham, 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 |
|---|---|---|---|---|
| Citizens State Bank | $30,090,000 | $20,135,000 | -33.1% | 11.7% |
| DHI MORTGAGE COMPANY, LTD. | $15,765,000 | $12,900,000 | -18.2% | 7.5% |
| Bank of America | $1,000,000 | $11,725,000 | 1,072.5% | 6.8% |
| Round Top State Bank | $6,700,000 | $6,785,000 | 1.3% | 3.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,045,000 | $6,245,000 | 497.6% | 3.6% |
| Prosperity Bank | $6,620,000 | $5,965,000 | -9.9% | 3.5% |
| QUICKEN LOANS, LLC | $13,440,000 | $5,560,000 | -58.6% | 3.2% |
| Flagstar Bank, FSB | $12,800,000 | $4,680,000 | -63.4% | 2.7% |
| T2 FINANCIAL LLC | $5,275,000 | $4,615,000 | -12.5% | 2.7% |
| BancorpSouth | $1,800,000 | $4,555,000 | 153.1% | 2.6% |
| AMCAP MORTGAGE, LTD. | $1,850,000 | $3,820,000 | 106.5% | 2.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $6,855,000 | $3,660,000 | -46.6% | 2.1% |
| Charles Schwab Bank, SSB | $2,970,000 | n/a | 1.7% | |
| First National Bank of Bellville | $2,785,000 | n/a | 1.6% | |
| Farm Credit Mid-America, ACA | $9,990,000 | $2,695,000 | -73.0% | 1.6% |
| Veritex Community Bank | $2,205,000 | n/a | 1.3% | |
| CMG MORTGAGE, INC. | $1,480,000 | $2,200,000 | 48.6% | 1.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,015,000 | $1,950,000 | -3.2% | 1.1% |
| CORNERSTONE HOME LENDING, INC. | $3,255,000 | $1,865,000 | -42.7% | 1.1% |
| Arbor Realty Trust, Inc. | $1,845,000 | n/a | 1.1% | |
| LOANDEPOT.COM, LLC | $1,175,000 | $1,805,000 | 53.6% | 1.0% |
| Mortgage Research Center, LLC | $1,775,000 | $1,795,000 | 1.1% | 1.0% |
| First United Bank and Trust Company | $9,370,000 | $1,565,000 | -83.3% | 0.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,025,000 | $1,540,000 | -24.0% | 0.9% |
| 21ST MORTGAGE CORPORATION | $1,770,000 | $1,490,000 | -15.8% | 0.9% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,860,000 | $1,450,000 | -22.0% | 0.8% |
| BRAZOS VALLEY SCHOOLS | $2,185,000 | $1,430,000 | -34.6% | 0.8% |
| JPMorgan Chase Bank | $5,650,000 | $1,400,000 | -75.2% | 0.8% |
| NFM, INC. | $855,000 | $1,330,000 | 55.6% | 0.8% |
| Wallick & Volk, Inc. | $4,825,000 | $1,260,000 | -73.9% | 0.7% |
| Classic Bank | $240,000 | $1,145,000 | 377.1% | 0.7% |
| USAA Federal Savings Bank | $710,000 | $1,135,000 | 59.9% | 0.7% |
| PNC Bank | $45,000 | $1,045,000 | 2,222.2% | 0.6% |
| LEADERONE FINANCIAL CORPORATION | $2,775,000 | $940,000 | -66.1% | 0.5% |
| Citibank | $705,000 | $935,000 | 32.6% | 0.5% |
| GARDNER FINANCIAL SERVICES, LTD. | $920,000 | n/a | 0.5% | |
| Morgan Stanley Private Bank | $2,930,000 | $910,000 | -68.9% | 0.5% |
| AUSTIN COUNTY STATE BANK | $905,000 | n/a | 0.5% | |
| Trustmark National Bank | $810,000 | n/a | 0.5% | |
| Third Coast Bank SSB | $755,000 | n/a | 0.4% | |
| PENNYMAC LOAN SERVICES, LLC | $1,570,000 | $750,000 | -52.2% | 0.4% |
| GUARANTEED RATE, INC. | $1,190,000 | $715,000 | -39.9% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $2,115,000 | $715,000 | -66.2% | 0.4% |
| Network Funding, L.P. | $675,000 | $715,000 | 5.9% | 0.4% |
| FINANCE OF AMERICA REVERSE LLC | $445,000 | $705,000 | 58.4% | 0.4% |
| Colonial Savings, F.A. | $105,000 | $655,000 | 523.8% | 0.4% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $640,000 | n/a | 0.4% | |
| Wells Fargo Bank | $2,140,000 | $640,000 | -70.1% | 0.4% |
| CHURCHILL MORTGAGE CORPORATION | $595,000 | n/a | 0.3% | |
| BETTER MORTGAGE CORPORATION | $585,000 | n/a | 0.3% | |
| First Financial Bank | $730,000 | $575,000 | -21.2% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,715,000 | $570,000 | -66.8% | 0.3% |
| Origin Bank | $545,000 | n/a | 0.3% | |
| City Bank | $540,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $550,000 | $525,000 | -4.5% | 0.3% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $525,000 | n/a | 0.3% | |
| SENTE MORTGAGE, INC. | $345,000 | $510,000 | 47.8% | 0.3% |
| Amarillo National Bank | $1,525,000 | $505,000 | -66.9% | 0.3% |
| LOANFLIGHT LENDING, LLC | $505,000 | n/a | 0.3% | |
| Zions Bank | $3,060,000 | $480,000 | -84.3% | 0.3% |
| U.S. Bank | $810,000 | $415,000 | -48.8% | 0.2% |
| Bank of England | $405,000 | n/a | 0.2% | |
| The Loan Store, Inc. | $395,000 | n/a | 0.2% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $500,000 | $375,000 | -25.0% | 0.2% |
| TEXAS DOW EMPLOYEES CREDIT UNION | $780,000 | $370,000 | -52.6% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $65,000 | $360,000 | 453.8% | 0.2% |
| Truist | $315,000 | $355,000 | 12.7% | 0.2% |
| Frost Bank | $405,000 | $350,000 | -13.6% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $460,000 | $325,000 | -29.3% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $315,000 | n/a | 0.2% | |
| FREEDOM MORTGAGE CORPORATION | $610,000 | $315,000 | -48.4% | 0.2% |
| Loan Simple, Inc. | $355,000 | $315,000 | -11.3% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $305,000 | n/a | 0.2% | |
| Paramount Residential Mortgage Group, Inc. | $1,330,000 | $305,000 | -77.1% | 0.2% |
| First Bank | $125,000 | $295,000 | 136.0% | 0.2% |
| HighTechLending Inc | $295,000 | n/a | 0.2% | |
| Raymond James Bank | $295,000 | n/a | 0.2% | |
| GUILD MORTGAGE COMPANY | $3,250,000 | $285,000 | -91.2% | 0.2% |
| Independent Bank | $285,000 | n/a | 0.2% | |
| SWBC MORTGAGE CORPORATION | $95,000 | $275,000 | 189.5% | 0.2% |
| UNIVERSITY Federal Credit Union | $385,000 | $275,000 | -28.6% | 0.2% |
| V.I.P. MORTGAGE, INC. | $1,300,000 | $275,000 | -78.8% | 0.2% |
| Advisors Mortgage Group, L.L.C. | $265,000 | n/a | 0.2% | |
| HOUSTON TEXAS FIRE FIGHTERS | $265,000 | n/a | 0.2% | |
| RANLIFE, INC. | $265,000 | n/a | 0.2% | |
| JSC | $245,000 | n/a | 0.1% | |
| Nations Lending Corporation | $55,000 | $245,000 | 345.5% | 0.1% |
| PILGRIM MORTGAGE LLC | $245,000 | n/a | 0.1% | |
| COUNTRYPLACE MORTGAGE, LTD. | $240,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $225,000 | $240,000 | 6.7% | 0.1% |
| RANDOLPH-BROOKS | $365,000 | $235,000 | -35.6% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $75,000 | $230,000 | 206.7% | 0.1% |
| Citizens Bank | $2,335,000 | $225,000 | -90.4% | 0.1% |
| NTFN, INC. | $225,000 | n/a | 0.1% | |
| CARDINAL FINANCIAL | $600,000 | $215,000 | -64.2% | 0.1% |
| RF Renovo Management Company, LLC | $195,000 | n/a | 0.1% | |
| VeraBank | $195,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $185,000 | n/a | 0.1% | |
| CIVIC FINANCIAL SERVICES, LLC | $175,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $165,000 | n/a | 0.1% | |
| FirstBank | $95,000 | $160,000 | 68.4% | 0.1% |
| Wolfe Financial, Inc | $155,000 | n/a | 0.1% | |
| Credit Union of Texas | $255,000 | $150,000 | -41.2% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $330,000 | $145,000 | -56.1% | 0.1% |
| LIBERTY HOME MORTGAGE CORPORATION | $135,000 | n/a | 0.1% | |
| OPEN MORTGAGE, LLC | $105,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $105,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $905,000 | $105,000 | -88.4% | 0.1% |
| United Community Bank | $95,000 | n/a | 0.1% | |
| ADVANCIAL | $85,000 | n/a | 0.0% | |
| A+ Federal Credit Union | $95,000 | $85,000 | -10.5% | 0.0% |
| Regions Bank | $1,505,000 | $75,000 | -95.0% | 0.0% |
| Fifth Third Bank | $125,000 | $65,000 | -48.0% | 0.0% |
| GREATER TEXAS FEDERAL CREDIT UNION | $1,605,000 | $35,000 | -97.8% | 0.0% |
| Harris County Federal Credit Union | $25,000 | n/a | 0.0% |
Brenham's top lender by overall market share is Citizens State Bank, with 11.7% market share. In second place, with 7.5%, is DHI MORTGAGE COMPANY, LTD., having originated $12,900,000 in loans. In third place, with 6.8%, is Bank of America, having originated $11,725,000 in loans. In fourth place, with 3.9%, is Round Top State Bank, having originated $6,785,000 in loans. In fifth place, with 3.6%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $6,245,000 in loans.
Brenham, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 389 | $142,675,000 | $366,774 |
| Refi | 45 | $13,345,000 | $296,556 |
| Cash Out Refi | 41 | $9,195,000 | $224,268 |
| Home Improvement | 31 | $3,765,000 | $121,452 |
| Other | 29 | $3,805,000 | $131,207 |
Brenham's most frequently cited loan purpose was Home Purchase, with 389 originations. The 2nd most popular reason was Refi, with 45 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 140 | $55,430,000 | $395,929 |
| 7-8% | 84 | $25,050,000 | $298,214 |
| 5-6% | 71 | $26,095,000 | $367,535 |
| Over 8% | 62 | $8,790,000 | $141,774 |
| 4-5% | 28 | $9,990,000 | $356,786 |
| 3-4% | 2 | $470,000 | $235,000 |
| <2.5% | 1 | $15,000 | $15,000 |
During 2023, Brenham's most frequently originated rate bucket was 6-7%, with 140 originations.
Loan Sizing (Brenham, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 235 | $65,505,000 | $278,745 |
| $100k-200k | 122 | $18,080,000 | $148,197 |
| $100,000 or less | 81 | $5,805,000 | $71,667 |
| $400k-600k | 53 | $25,955,000 | $489,717 |
| $600k-1000k | 25 | $18,295,000 | $731,800 |
| $Over $1MM | 19 | $39,145,000 | $2,060,263 |
Brenham's loan sizing saw the bucket of loans from $200k-400k with 235 originations, totaling $65,505,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 199 | $57,645,000 | $289,673 |
| 60-80% | 101 | $46,695,000 | $462,327 |
| 40-60% | 41 | $14,935,000 | $364,268 |
| 20-40% | 27 | $4,305,000 | $159,444 |
| Under 20% | 13 | $795,000 | $61,154 |
| Over 100% | 7 | $1,345,000 | $192,143 |
Brenham's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 199 originations, totaling $57,645,000 in origination value.