Corsicana Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Corsicana averaged
7.17%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
7.01% and
one month ago for the week of 2023-08-10, the
average rate was 6.85%.
Corsicana's average rate one year ago was 5.98%.
For refis of the same type during the week of 2023-09-14, the average rate
was 7.08%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Corsicana 30 Year Fixed Rate | 2023-09-14 | 7.17% |
| Corsicana 30 Year Fixed Rate Refi | 2023-09-14 | 7.08% |
| Corsicana 15 Year Fixed Rate | 2023-09-14 | 6.51% |
| Corsicana 15 Year Fixed Rate Refi | 2023-09-14 | 7.01% |
| Corsicana 30 Year FHA | 2023-09-14 | 6.78% |
| Corsicana 30 Year FHA Refi | 2023-09-14 | 6.99% |
| Corsicana 30 Year USDA | 2023-09-14 | 6.98% |
| Corsicana 30 Year USDA Refi | 2023-09-14 | 6.98% |
| Corsicana 30 Year VA | 2023-09-14 | 6.91% |
| Corsicana 30 Year VA Refi | 2023-09-14 | 6.91% |
Corsicana 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 Corsicana, 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.).
Corsicana Average Closing Costs & Other Stats
Corsicana, TX's 122 lenders originated 960
loans during 2022. The total origination value was $229,800,000, with an average loan value of
$239,375.
Corsicana's average closing costs are $6,126.
The top Corsicana lender as defined by loan originations is DRAPER AND KRAMER MORTGAGE CORP., with
30 loans originated. Their average total fees are
$8,407, which is $1,684
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Corsicana lenders (with over 10 loans originated) are
EVERETT FINANCIAL, INC. ($3,235), VeraBank ($3,630), Prosperity Bank ($4,786), Gateway First Bank ($4,903) and JPMorgan Chase Bank ($5,003).
The lowest rate Corsicana lenders (with over 10 loans originated) are
Prosperity Bank (3.98%), VeraBank (4.51%), Gateway First Bank (4.68%), Wells Fargo Bank (4.91%) and QUICKEN LOANS, LLC (5.00%).
Corsicana, 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 |
|---|---|---|---|---|
| Prosperity Bank | $19,910,000 | $15,105,000 | -24.1% | 6.6% |
| DRAPER AND KRAMER MORTGAGE CORP. | $3,640,000 | $13,405,000 | 268.3% | 5.8% |
| Community National Bank & Trust of Texas | $10,215,000 | $12,075,000 | 18.2% | 5.3% |
| VeraBank | $8,050,000 | $11,445,000 | 42.2% | 5.0% |
| QUICKEN LOANS, LLC | $17,430,000 | $10,270,000 | -41.1% | 4.5% |
| GUILD MORTGAGE COMPANY | $10,395,000 | $8,090,000 | -22.2% | 3.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,455,000 | $5,495,000 | 0.7% | 2.4% |
| Gateway First Bank | $7,065,000 | $5,305,000 | -24.9% | 2.3% |
| AMCAP MORTGAGE, LTD. | $1,225,000 | $5,300,000 | 332.7% | 2.3% |
| 21ST MORTGAGE CORPORATION | $3,425,000 | $4,985,000 | 45.5% | 2.2% |
| Magnolia Bank | $5,040,000 | $4,795,000 | -4.9% | 2.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $5,510,000 | $4,745,000 | -13.9% | 2.1% |
| First State Bank | $335,000 | $4,010,000 | 1,097.0% | 1.7% |
| EVERETT FINANCIAL, INC. | $1,165,000 | $3,490,000 | 199.6% | 1.5% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $4,765,000 | $3,300,000 | -30.7% | 1.4% |
| CALIBER HOME LOANS, INC. | $2,310,000 | $3,250,000 | 40.7% | 1.4% |
| First United Bank and Trust Company | $230,000 | $3,020,000 | 1,213.0% | 1.3% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,610,000 | $2,990,000 | 14.6% | 1.3% |
| LOANDEPOT.COM, LLC | $2,385,000 | $2,635,000 | 10.5% | 1.1% |
| Wells Fargo Bank | $2,590,000 | $2,565,000 | -1.0% | 1.1% |
| JPMorgan Chase Bank | $3,520,000 | $2,465,000 | -30.0% | 1.1% |
| THRIVE MORTGAGE, LLC | $4,180,000 | $2,425,000 | -42.0% | 1.1% |
| SFMC, LP | $2,390,000 | $2,415,000 | 1.0% | 1.1% |
| SOUTHWEST STAGE FUNDING, LLC | $1,750,000 | $2,415,000 | 38.0% | 1.1% |
| UNION HOME MORTGAGE CORP. | $95,000 | $2,310,000 | 2,331.6% | 1.0% |
| SWBC MORTGAGE CORPORATION | $1,165,000 | $2,115,000 | 81.5% | 0.9% |
| Citizens Bank | $2,335,000 | $2,065,000 | -11.6% | 0.9% |
| InterBank | $1,980,000 | n/a | 0.9% | |
| Mortgage Research Center, LLC | $2,390,000 | $1,870,000 | -21.8% | 0.8% |
| MEMBER FIRST MORTGAGE, LLC | $1,845,000 | n/a | 0.8% | |
| AMERISAVE MORTGAGE CORPORATION | $2,115,000 | $1,720,000 | -18.7% | 0.7% |
| Northpointe Bank | $3,340,000 | $1,670,000 | -50.0% | 0.7% |
| LAKEVIEW LOAN SERVICING, LLC | $2,160,000 | $1,590,000 | -26.4% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $770,000 | $1,570,000 | 103.9% | 0.7% |
| BMO Harris Bank | $1,525,000 | n/a | 0.7% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $2,250,000 | $1,525,000 | -32.2% | 0.7% |
| Great Plains National Bank | $1,515,000 | n/a | 0.7% | |
| ASPIRE FINANCIAL, INC. | $4,030,000 | $1,510,000 | -62.5% | 0.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,925,000 | $1,480,000 | -23.1% | 0.6% |
| S1L, Inc. | $1,475,000 | n/a | 0.6% | |
| Mr. Cooper ( Nationstar Mortgage ) | $2,985,000 | $1,470,000 | -50.8% | 0.6% |
| CMG MORTGAGE, INC. | $4,660,000 | $1,465,000 | -68.6% | 0.6% |
| Independent Bank | $1,395,000 | n/a | 0.6% | |
| Goldman Sachs Bank USA | $1,335,000 | n/a | 0.6% | |
| GUARANTEED RATE, INC. | $2,615,000 | $1,235,000 | -52.8% | 0.5% |
| MOVEMENT MORTGAGE, LLC | $740,000 | $1,155,000 | 56.1% | 0.5% |
| First National Bank | $1,105,000 | n/a | 0.5% | |
| WILLOW BEND MORTGAGE COMPANY, LLC | $530,000 | $1,025,000 | 93.4% | 0.4% |
| Southside Bank | $1,325,000 | $1,020,000 | -23.0% | 0.4% |
| First Republic Bank | $995,000 | n/a | 0.4% | |
| NTFN, INC. | $1,035,000 | $990,000 | -4.3% | 0.4% |
| GSF Mortgage Corporation | $255,000 | $915,000 | 258.8% | 0.4% |
| COUNTRYPLACE MORTGAGE, LTD. | $495,000 | $910,000 | 83.8% | 0.4% |
| Trinity Oaks Mortgage, LLC | $195,000 | $900,000 | 361.5% | 0.4% |
| Bank of America | $2,430,000 | $875,000 | -64.0% | 0.4% |
| Presidential Bank, FSB | $855,000 | n/a | 0.4% | |
| Truist | $430,000 | $855,000 | 98.8% | 0.4% |
| Zions Bancorporation, N.A. | $850,000 | n/a | 0.4% | |
| PENNYMAC LOAN SERVICES, LLC | $1,890,000 | $840,000 | -55.6% | 0.4% |
| NEWREZ LLC | $1,970,000 | $810,000 | -58.9% | 0.4% |
| Century Mortgage Company DBA Century Lending Company | $775,000 | n/a | 0.3% | |
| Nations Lending Corporation | $330,000 | $775,000 | 134.8% | 0.3% |
| BROKER SOLUTIONS, INC. | $635,000 | $760,000 | 19.7% | 0.3% |
| Colonial Savings, F.A. | $75,000 | $755,000 | 906.7% | 0.3% |
| NexBank | $230,000 | $725,000 | 215.2% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $390,000 | $720,000 | 84.6% | 0.3% |
| BAY EQUITY LLC | $1,005,000 | $715,000 | -28.9% | 0.3% |
| Ennis State Bank | $1,620,000 | $710,000 | -56.2% | 0.3% |
| Incommons Bank, N.A. | $570,000 | $705,000 | 23.7% | 0.3% |
| BancorpSouth Bank | $535,000 | $680,000 | 27.1% | 0.3% |
| UNITED BUILT HOMES, L.L.C. | $2,090,000 | $680,000 | -67.5% | 0.3% |
| First Bank | $670,000 | n/a | 0.3% | |
| First Financial Bank | $640,000 | $655,000 | 2.3% | 0.3% |
| Citibank | $1,410,000 | $645,000 | -54.3% | 0.3% |
| PNC Bank | $640,000 | n/a | 0.3% | |
| RANDOLPH-BROOKS | $205,000 | $610,000 | 197.6% | 0.3% |
| Carrington Mortgage Services, LLC | $605,000 | n/a | 0.3% | |
| Farmers Bank & Trust | $605,000 | n/a | 0.3% | |
| FREEDOM MORTGAGE CORPORATION | $5,050,000 | $595,000 | -88.2% | 0.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,945,000 | $590,000 | -69.7% | 0.3% |
| GUARANTEED RATE AFFINITY, LLC | $590,000 | n/a | 0.3% | |
| CHERRY CREEK MORTGAGE, LLC | $195,000 | $565,000 | 189.7% | 0.2% |
| AmeriHome Mortgage Company, LLC | $1,115,000 | $555,000 | -50.2% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $945,000 | $535,000 | -43.4% | 0.2% |
| Frost Bank | $95,000 | $530,000 | 457.9% | 0.2% |
| AgFirst Farm Credit Bank | $525,000 | n/a | 0.2% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,385,000 | $520,000 | -62.5% | 0.2% |
| Farm Credit Mid-America, ACA | $515,000 | n/a | 0.2% | |
| Texas Mortgage Lending, LLC | $310,000 | $490,000 | 58.1% | 0.2% |
| V.I.P. MORTGAGE, INC. | $485,000 | n/a | 0.2% | |
| HOME POINT FINANCIAL CORPORATION | $375,000 | $480,000 | 28.0% | 0.2% |
| SOUTHWEST FUNDING, LP | $445,000 | $470,000 | 5.6% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $335,000 | $460,000 | 37.3% | 0.2% |
| Citizens National Bank of Texas | $1,200,000 | $455,000 | -62.1% | 0.2% |
| Town Square Mortgage & Investments, Inc. | $1,205,000 | $450,000 | -62.7% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $190,000 | $440,000 | 131.6% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $655,000 | $430,000 | -34.4% | 0.2% |
| SECURITYNATIONAL MORTGAGE COMPANY | $595,000 | $420,000 | -29.4% | 0.2% |
| Bank of England | $480,000 | $415,000 | -13.5% | 0.2% |
| Flagstar Bank, FSB | $975,000 | $415,000 | -57.4% | 0.2% |
| Luxury Mortgage Corp. | $415,000 | n/a | 0.2% | |
| Loan Simple, Inc. | $405,000 | n/a | 0.2% | |
| Pinnacle Bank | $125,000 | $405,000 | 224.0% | 0.2% |
| ACADEMY MORTGAGE CORPORATION | $945,000 | $390,000 | -58.7% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $385,000 | n/a | 0.2% | |
| GMFS LLC | $235,000 | $375,000 | 59.6% | 0.2% |
| UNITED MORTGAGE CORP. | $1,420,000 | $370,000 | -73.9% | 0.2% |
| Affiliated Bank | $695,000 | $365,000 | -47.5% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $365,000 | n/a | 0.2% | |
| Centennial Bank | $365,000 | n/a | 0.2% | |
| LOANPEOPLE, LLC | $365,000 | n/a | 0.2% | |
| Pilgrim Bank | $365,000 | n/a | 0.2% | |
| Hometown Lenders, Inc. | $905,000 | $360,000 | -60.2% | 0.2% |
| North American Savings Bank, F.S.B. | $355,000 | n/a | 0.2% | |
| PLANET HOME LENDING, LLC | $350,000 | n/a | 0.2% | |
| AMERICA'S CREDIT UNION | $345,000 | n/a | 0.2% | |
| Evolve Bank & Trust | $345,000 | n/a | 0.2% | |
| Prosperity Home Mortgage, LLC | $195,000 | $345,000 | 76.9% | 0.2% |
| Regions Bank | $190,000 | $340,000 | 78.9% | 0.1% |
| CITY | $265,000 | $335,000 | 26.4% | 0.1% |
| City Bank | $1,355,000 | $330,000 | -75.6% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $145,000 | $325,000 | 124.1% | 0.1% |
| GREAT WESTERN FINANCIAL SERVICES, INC. | $320,000 | $320,000 | 0.0% | 0.1% |
| MORTGAGE FINANCIAL SERVICES, LLC | $685,000 | $315,000 | -54.0% | 0.1% |
| AMERICA'S CHOICE HOME LOANS LP | $945,000 | $305,000 | -67.7% | 0.1% |
| Credit Union of Texas | $65,000 | $305,000 | 369.2% | 0.1% |
| First Guaranty Mortgage Corporation | $260,000 | $305,000 | 17.3% | 0.1% |
| Inwood National Bank | $115,000 | $305,000 | 165.2% | 0.1% |
| Texas Regional Bank | $285,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $280,000 | n/a | 0.1% | |
| AMERICAN INTERNET MORTGAGE, INC. | $275,000 | n/a | 0.1% | |
| FirstCapital Bank of Texas | $185,000 | $275,000 | 48.6% | 0.1% |
| First Home Bank | $275,000 | $275,000 | 0.0% | 0.1% |
| LONE STAR | $275,000 | n/a | 0.1% | |
| OPEN MORTGAGE, LLC | $275,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $895,000 | $265,000 | -70.4% | 0.1% |
| Mineola Community Bank, S.S.B. | $265,000 | n/a | 0.1% | |
| GREATER TEXAS FEDERAL CREDIT UNION | $255,000 | n/a | 0.1% | |
| North Dallas Bank & Trust Co. | $245,000 | n/a | 0.1% | |
| Sunflower Bank | $225,000 | $235,000 | 4.4% | 0.1% |
| USAA Federal Savings Bank | $705,000 | $235,000 | -66.7% | 0.1% |
| AMERICAN ADVISORS GROUP | $270,000 | $230,000 | -14.8% | 0.1% |
| BARTON CREEK LENDING GROUP, LLC | $225,000 | n/a | 0.1% | |
| CERTAINTY HOME LOANS, LLC | $225,000 | n/a | 0.1% | |
| First Bank & Trust | $775,000 | $220,000 | -71.6% | 0.1% |
| ALTRA | $215,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $185,000 | $215,000 | 16.2% | 0.1% |
| First National Bank of America | $175,000 | $215,000 | 22.9% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $215,000 | n/a | 0.1% | |
| LOANPAL, LLC | $240,000 | $210,000 | -12.5% | 0.1% |
| United Community Bank | $210,000 | n/a | 0.1% | |
| Low VA Rates, LLC | $205,000 | n/a | 0.1% | |
| MORTGAGE 1 INCORPORATED | $205,000 | n/a | 0.1% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $205,000 | n/a | 0.1% | |
| Goldwater Bank, N.A. | $8,060,000 | $200,000 | -97.5% | 0.1% |
| Neighborhood Loans, Inc. | $185,000 | n/a | 0.1% | |
| CANOPY MORTGAGE, LLC | $175,000 | n/a | 0.1% | |
| Encompass Lending Group, LP | $175,000 | n/a | 0.1% | |
| TEXAS TRUST | $355,000 | $170,000 | -52.1% | 0.1% |
| HOMESPIRE MORTGAGE CORPORATION | $120,000 | $165,000 | 37.5% | 0.1% |
| AMERICAN FINANCING CORPORATION | $240,000 | $160,000 | -33.3% | 0.1% |
| EMBRACE HOME LOANS, INC. | $495,000 | $155,000 | -68.7% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $665,000 | $155,000 | -76.7% | 0.1% |
| First Option Mortgage, LLC | $155,000 | n/a | 0.1% | |
| CIVIC FINANCIAL SERVICES, LLC | $395,000 | $145,000 | -63.3% | 0.1% |
| SPRING EQ, LLC | $140,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $135,000 | n/a | 0.1% | |
| BM Real Estate Services, Inc. | $135,000 | n/a | 0.1% | |
| CHEVRON | $135,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $390,000 | $125,000 | -67.9% | 0.1% |
| BOKF | $655,000 | $115,000 | -82.4% | 0.1% |
| Commercial Bank of Texas | $25,000 | $115,000 | 360.0% | 0.1% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $570,000 | $115,000 | -79.8% | 0.1% |
| FORT WORTH COMMUNITY | $105,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $1,020,000 | $105,000 | -89.7% | 0.0% |
| LHM FINANCIAL CORPORATION | $105,000 | $105,000 | 0.0% | 0.0% |
| Origin Bank | $805,000 | $105,000 | -87.0% | 0.0% |
| First National Bank of Central Texas | $95,000 | n/a | 0.0% | |
| Plains Commerce Bank | $95,000 | n/a | 0.0% | |
| CSL Financial, LLC | $190,000 | $85,000 | -55.3% | 0.0% |
| Discover Bank | $90,000 | $75,000 | -16.7% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $550,000 | $55,000 | -90.0% | 0.0% |
| TEXELL Credit Union | $115,000 | $55,000 | -52.2% | 0.0% |
| M&T Bank | $35,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $25,000 | n/a | 0.0% |
Corsicana's top lender by overall market share is Prosperity Bank, with 6.6% market share. In second place, with 5.8%, is DRAPER AND KRAMER MORTGAGE CORP., having originated $13,405,000 in loans. In third place, with 5.3%, is Community National Bank & Trust of Texas, having originated $12,075,000 in loans. In fourth place, with 5.0%, is VeraBank, having originated $11,445,000 in loans. In fifth place, with 4.5%, is QUICKEN LOANS, LLC, having originated $10,270,000 in loans.
Corsicana, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 661 | $167,985,000 | $254,138 |
| Cash Out Refi | 123 | $24,345,000 | $197,927 |
| Refi | 111 | $26,635,000 | $239,955 |
| Home Improvement | 38 | $4,500,000 | $118,421 |
| Other | 27 | $6,335,000 | $234,630 |
Corsicana's most frequently cited loan purpose was Home Purchase, with 661 originations. The 2nd most popular reason was Cash Out Refi, with 123 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 222 | $52,400,000 | $236,036 |
| 4-5% | 182 | $48,380,000 | $265,824 |
| 3-4% | 166 | $50,110,000 | $301,867 |
| 6-7% | 125 | $25,765,000 | $206,120 |
| Over 8% | 65 | $8,595,000 | $132,231 |
| 7-8% | 59 | $11,485,000 | $194,661 |
| 2.5-3% | 30 | $8,210,000 | $273,667 |
| <2.5% | 24 | $4,230,000 | $176,250 |
During 2022, Corsicana's most frequently originated rate bucket was 5-6%, with 222 originations.
Loan Sizing (Corsicana, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 373 | $55,845,000 | $149,718 |
| $200k-400k | 338 | $92,300,000 | $273,077 |
| $100,000 or less | 144 | $9,670,000 | $67,153 |
| $400k-600k | 59 | $27,815,000 | $471,441 |
| $600k-1000k | 33 | $25,265,000 | $765,606 |
| $Over $1MM | 13 | $18,905,000 | $1,454,231 |
Corsicana's loan sizing saw the bucket of loans from $100k-200k with 373 originations, totaling $55,845,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 428 | $100,800,000 | $235,514 |
| 60-80% | 237 | $69,965,000 | $295,211 |
| 40-60% | 111 | $25,495,000 | $229,685 |
| 20-40% | 41 | $5,345,000 | $130,366 |
| Under 20% | 36 | $1,980,000 | $55,000 |
| Over 100% | 20 | $5,080,000 | $254,000 |
Corsicana's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 428 originations, totaling $100,800,000 in origination value.