Corsicana Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Corsicana averaged
6.61%
for the week of 2024-10-24, compared to the national average of
6.54% for the same period.
The average rate for the prior week (2024-10-17) was
6.71% and
one month ago for the week of 2024-09-19, the
average rate was 6.16%.
Corsicana's average rate one year ago was 7.5%.
For refis of the same type during the week of 2024-10-24, the average rate
was 6.64%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-24 | 6.54% |
Corsicana 30 Year Fixed Rate | 2024-10-24 | 6.61% |
Corsicana 30 Year Fixed Rate Refi | 2024-10-24 | 6.64% |
Corsicana 15 Year Fixed Rate | 2024-10-24 | 5.61% |
Corsicana 15 Year Fixed Rate Refi | 2024-10-24 | 5.71% |
Corsicana 30 Year FHA | 2024-10-24 | 6.24% |
Corsicana 30 Year FHA Refi | 2024-10-24 | 6.45% |
Corsicana 30 Year USDA | 2024-10-24 | 6.49% |
Corsicana 30 Year USDA Refi | 2024-10-24 | 6.39% |
Corsicana 30 Year VA | 2024-10-24 | 6.34% |
Corsicana 30 Year VA Refi | 2024-10-24 | 6.34% |
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 93 lenders originated 731
loans during 2023. The total origination value was $362,075,000, with an average loan value of
$495,315.
Corsicana's average closing costs are $6,476.
The top Corsicana lender as defined by loan originations is VeraBank, with
24 loans originated. Their average total fees are
$2,683, which is $4,749
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Corsicana lenders (with over 10 loans originated) are
VeraBank ($2,683), Magnolia Bank ($5,351), DRAPER AND KRAMER MORTGAGE CORP. ($6,116), QUICKEN LOANS, LLC ($7,432) and UNITED WHOLESALE MORTGAGE, LLC ($7,899).
The lowest rate Corsicana lenders (with over 10 loans originated) are
VeraBank (6.19%), UNITED WHOLESALE MORTGAGE, LLC (6.60%), DRAPER AND KRAMER MORTGAGE CORP. (6.62%), Magnolia Bank (6.95%) and QUICKEN LOANS, LLC (7.00%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
JONES LANG LASALLE MULTIFAMILY, LLC | $179,545,000 | n/a | 49.6% | |
Community National Bank & Trust of Texas | $12,075,000 | $12,325,000 | 2.1% | 3.4% |
Prosperity Bank | $15,105,000 | $10,600,000 | -29.8% | 2.9% |
VeraBank | $11,445,000 | $10,290,000 | -10.1% | 2.8% |
DRAPER AND KRAMER MORTGAGE CORP. | $13,405,000 | $8,910,000 | -33.5% | 2.5% |
QUICKEN LOANS, LLC | $10,270,000 | $7,940,000 | -22.7% | 2.2% |
UNITED WHOLESALE MORTGAGE, LLC | $4,745,000 | $7,295,000 | 53.7% | 2.0% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,495,000 | $5,015,000 | -8.7% | 1.4% |
21ST MORTGAGE CORPORATION | $4,985,000 | $4,860,000 | -2.5% | 1.3% |
Magnolia Bank | $4,795,000 | $4,215,000 | -12.1% | 1.2% |
AMCAP MORTGAGE, LTD. | $5,300,000 | $3,865,000 | -27.1% | 1.1% |
Gateway First Bank | $5,305,000 | $3,610,000 | -32.0% | 1.0% |
CARDINAL FINANCIAL | $2,990,000 | $3,415,000 | 14.2% | 0.9% |
GUILD MORTGAGE COMPANY | $8,090,000 | $3,325,000 | -58.9% | 0.9% |
ACADEMY MORTGAGE CORPORATION | $390,000 | $3,005,000 | 670.5% | 0.8% |
Mortgage Research Center, LLC | $1,870,000 | $2,915,000 | 55.9% | 0.8% |
First Horizon Bank | $2,615,000 | n/a | 0.7% | |
LOANPEOPLE, LLC | $365,000 | $2,605,000 | 613.7% | 0.7% |
GUARANTEED RATE, INC. | $1,235,000 | $2,520,000 | 104.0% | 0.7% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $3,300,000 | $2,515,000 | -23.8% | 0.7% |
WILLOW BEND MORTGAGE COMPANY, LLC | $1,025,000 | $2,360,000 | 130.2% | 0.7% |
CMG MORTGAGE, INC. | $1,465,000 | $2,310,000 | 57.7% | 0.6% |
Bank of America | $875,000 | $2,295,000 | 162.3% | 0.6% |
UNITED BUILT HOMES, L.L.C. | $680,000 | $2,085,000 | 206.6% | 0.6% |
First Financial Bank | $655,000 | $2,035,000 | 210.7% | 0.6% |
First National Bank | $1,105,000 | $2,010,000 | 81.9% | 0.6% |
SFMC, LP | $2,415,000 | $1,925,000 | -20.3% | 0.5% |
Citizens Bank | $2,065,000 | $1,885,000 | -8.7% | 0.5% |
CROSSCOUNTRY MORTGAGE, LLC | $1,480,000 | $1,880,000 | 27.0% | 0.5% |
LOANDEPOT.COM, LLC | $2,635,000 | $1,835,000 | -30.4% | 0.5% |
EVERETT FINANCIAL, INC. | $3,490,000 | $1,805,000 | -48.3% | 0.5% |
NAVY FEDERAL CREDIT UNION | $1,570,000 | $1,805,000 | 15.0% | 0.5% |
Citibank | $645,000 | $1,540,000 | 138.8% | 0.4% |
Trinity Oaks Mortgage, LLC | $900,000 | $1,455,000 | 61.7% | 0.4% |
American National Bank & Trust | $1,285,000 | n/a | 0.4% | |
NEWREZ LLC | $810,000 | $1,280,000 | 58.0% | 0.4% |
UBS Bank USA | $1,275,000 | n/a | 0.4% | |
First FSB of Mascoutah | $1,235,000 | n/a | 0.3% | |
Texas Mortgage Lending, LLC | $490,000 | $1,220,000 | 149.0% | 0.3% |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,525,000 | $1,170,000 | -23.3% | 0.3% |
SWBC MORTGAGE CORPORATION | $2,115,000 | $1,160,000 | -45.2% | 0.3% |
Mr. Cooper ( Nationstar Mortgage ) | $1,470,000 | $1,150,000 | -21.8% | 0.3% |
First State Bank | $4,010,000 | $1,120,000 | -72.1% | 0.3% |
JPMorgan Chase Bank | $2,465,000 | $1,055,000 | -57.2% | 0.3% |
Inwood National Bank | $305,000 | $1,030,000 | 237.7% | 0.3% |
GUARANTEED RATE AFFINITY, LLC | $590,000 | $965,000 | 63.6% | 0.3% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $590,000 | $940,000 | 59.3% | 0.3% |
PREMIA MORTGAGE, LLC | $845,000 | n/a | 0.2% | |
Firstar Bank | $815,000 | n/a | 0.2% | |
Charles Schwab Bank, SSB | $805,000 | n/a | 0.2% | |
Town Square Mortgage & Investments, Inc. | $450,000 | $805,000 | 78.9% | 0.2% |
UMB Bank | $805,000 | n/a | 0.2% | |
Century Mortgage Company DBA Century Lending Company | $775,000 | $795,000 | 2.6% | 0.2% |
SOUTHWEST STAGE FUNDING, LLC | $2,415,000 | $755,000 | -68.7% | 0.2% |
THRIVE MORTGAGE, LLC | $2,425,000 | $740,000 | -69.5% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $385,000 | $735,000 | 90.9% | 0.2% |
TRIAD FINANCIAL SERVICES, INC. | $460,000 | $730,000 | 58.7% | 0.2% |
FREEDOM MORTGAGE CORPORATION | $595,000 | $710,000 | 19.3% | 0.2% |
SECURITYNATIONAL MORTGAGE COMPANY | $420,000 | $700,000 | 66.7% | 0.2% |
BOKF | $115,000 | $675,000 | 487.0% | 0.2% |
Citizens National Bank of Texas | $455,000 | $675,000 | 48.4% | 0.2% |
BancorpSouth | $680,000 | $660,000 | -2.9% | 0.2% |
ROYAL UNITED MORTGAGE LLC | $535,000 | $635,000 | 18.7% | 0.2% |
BROKER SOLUTIONS, INC. | $760,000 | $630,000 | -17.1% | 0.2% |
GSF Mortgage Corporation | $915,000 | $630,000 | -31.1% | 0.2% |
Frost Bank | $530,000 | $625,000 | 17.9% | 0.2% |
INTEGRITY MORTGAGE CORPORATION OF TEXAS | $565,000 | n/a | 0.2% | |
S1L, Inc. | $1,475,000 | $565,000 | -61.7% | 0.2% |
Neighborhood Loans, Inc. | $185,000 | $530,000 | 186.5% | 0.1% |
RF Renovo Management Company, LLC | $515,000 | n/a | 0.1% | |
Paramount Residential Mortgage Group, Inc. | $480,000 | n/a | 0.1% | |
Goldman Sachs Bank USA | $1,335,000 | $475,000 | -64.4% | 0.1% |
PENNYMAC LOAN SERVICES, LLC | $840,000 | $455,000 | -45.8% | 0.1% |
The American National Bank of Texas | $455,000 | n/a | 0.1% | |
First United Bank and Trust Company | $3,020,000 | $440,000 | -85.4% | 0.1% |
Regions Bank | $340,000 | $440,000 | 29.4% | 0.1% |
Ally Bank | $435,000 | n/a | 0.1% | |
Wells Fargo Bank | $2,565,000 | $430,000 | -83.2% | 0.1% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $420,000 | n/a | 0.1% | |
Encompass Lending Group, LP | $175,000 | $415,000 | 137.1% | 0.1% |
Network Funding, L.P. | $410,000 | n/a | 0.1% | |
ASSOCIATED MORTGAGE CORPORATION | $405,000 | n/a | 0.1% | |
LOANPAL, LLC | $210,000 | $395,000 | 88.1% | 0.1% |
U.S. Bank | $395,000 | n/a | 0.1% | |
United Community Bank | $210,000 | $385,000 | 83.3% | 0.1% |
COUNTRYPLACE MORTGAGE, LTD. | $910,000 | $370,000 | -59.3% | 0.1% |
City Bank | $330,000 | $355,000 | 7.6% | 0.1% |
American Airlines Federal Credit Union | $345,000 | n/a | 0.1% | |
Citizens State Bank | $340,000 | n/a | 0.1% | |
PNC Bank | $640,000 | $340,000 | -46.9% | 0.1% |
BECKAM FUNDING CORP. | $335,000 | n/a | 0.1% | |
ZILLOW HOME LOANS, LLC | $335,000 | n/a | 0.1% | |
Morgan Stanley Private Bank | $325,000 | n/a | 0.1% | |
Equity Prime Mortgage LLC | $215,000 | $315,000 | 46.5% | 0.1% |
Nations Lending Corporation | $775,000 | $315,000 | -59.4% | 0.1% |
VAN DYK MORTGAGE CORPORATION | $315,000 | n/a | 0.1% | |
AMERICAN FINANCIAL RESOURCES, INC. | $305,000 | n/a | 0.1% | |
USAA Federal Savings Bank | $235,000 | $305,000 | 29.8% | 0.1% |
BETTER MORTGAGE CORPORATION | $265,000 | $285,000 | 7.5% | 0.1% |
INTERCAP LENDING INC. | $275,000 | n/a | 0.1% | |
Loan Simple, Inc. | $405,000 | $275,000 | -32.1% | 0.1% |
NexBank | $725,000 | $275,000 | -62.1% | 0.1% |
SUN WEST MORTGAGE COMPANY, INC. | $275,000 | n/a | 0.1% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $265,000 | n/a | 0.1% | |
Wallick & Volk, Inc. | $265,000 | n/a | 0.1% | |
Incommons Bank, N.A. | $705,000 | $260,000 | -63.1% | 0.1% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $520,000 | $255,000 | -51.0% | 0.1% |
AmRes Corporation | $245,000 | n/a | 0.1% | |
HOMESIDE FINANCIAL, LLC | $215,000 | $245,000 | 14.0% | 0.1% |
Centennial Bank | $365,000 | $235,000 | -35.6% | 0.1% |
CHURCHILL MORTGAGE CORPORATION | $235,000 | n/a | 0.1% | |
FIRST CENTENNIAL MORTGAGE CORPORATION | $235,000 | n/a | 0.1% | |
PLUS RELOCATION MORTGAGE, LLC | $235,000 | n/a | 0.1% | |
GENEVA FINANCIAL, LLC | $225,000 | n/a | 0.1% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $720,000 | $225,000 | -68.8% | 0.1% |
LENDSURE MORTGAGE CORP. | $225,000 | n/a | 0.1% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $225,000 | n/a | 0.1% | |
OCMBC, INC. | $225,000 | n/a | 0.1% | |
FIRST COMMUNITY MORTGAGE, INC. | $215,000 | n/a | 0.1% | |
Affiliated Bank | $365,000 | $205,000 | -43.8% | 0.1% |
TOWNE MORTGAGE COMPANY | $205,000 | n/a | 0.1% | |
TEXAS TRUST | $170,000 | $200,000 | 17.6% | 0.1% |
PROVIDENT FUNDING ASSOCIATES, L.P. | $205,000 | $195,000 | -4.9% | 0.1% |
AMERISAVE MORTGAGE CORPORATION | $1,720,000 | $190,000 | -89.0% | 0.1% |
CALCON MUTUAL MORTGAGE LLC | $185,000 | n/a | 0.1% | |
CITY FIRST MORTGAGE SERVICES, L.L.C. | $185,000 | n/a | 0.1% | |
Ennis State Bank | $710,000 | $185,000 | -73.9% | 0.1% |
Valliance Bank | $185,000 | n/a | 0.1% | |
CHEVRON | $135,000 | $175,000 | 29.6% | 0.0% |
Credit Union of Texas | $305,000 | $170,000 | -44.3% | 0.0% |
First Central Credit Union | $165,000 | n/a | 0.0% | |
CIVIC FINANCIAL SERVICES, LLC | $145,000 | $155,000 | 6.9% | 0.0% |
DEEPHAVEN MORTGAGE LLC | $155,000 | n/a | 0.0% | |
NEIGHBORHOOD | $155,000 | n/a | 0.0% | |
PLANET HOME LENDING, LLC | $350,000 | $155,000 | -55.7% | 0.0% |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $115,000 | $145,000 | 26.1% | 0.0% |
RANLIFE, INC. | $145,000 | n/a | 0.0% | |
EECU | $140,000 | n/a | 0.0% | |
LIMA ONE CAPITAL, LLC | $135,000 | n/a | 0.0% | |
FINANCE OF AMERICA REVERSE LLC | $125,000 | n/a | 0.0% | |
RANDOLPH-BROOKS | $610,000 | $125,000 | -79.5% | 0.0% |
HOMEXPRESS MORTGAGE CORP. | $115,000 | n/a | 0.0% | |
MEMBER HOME LOAN, L.L.C. | $115,000 | n/a | 0.0% | |
LONGBRIDGE FINANCIAL, LLC | $95,000 | n/a | 0.0% | |
CommunityBank of Texas, N.A. | $85,000 | n/a | 0.0% | |
Discover Bank | $75,000 | $85,000 | 13.3% | 0.0% |
First National Bank Texas | $85,000 | n/a | 0.0% | |
Sunflower Bank | $235,000 | $85,000 | -63.8% | 0.0% |
AMERICAN FINANCING CORPORATION | $160,000 | $75,000 | -53.1% | 0.0% |
SPRING EQ, LLC | $140,000 | $55,000 | -60.7% | 0.0% |
PENTAGON FEDERAL CREDIT UNION | $55,000 | $45,000 | -18.2% | 0.0% |
FirstBank | $35,000 | n/a | 0.0% |
Corsicana's top lender by overall market share is JONES LANG LASALLE MULTIFAMILY, LLC, with 49.6% market share. In second place, with 3.4%, is Community National Bank & Trust of Texas, having originated $12,325,000 in loans. In third place, with 2.9%, is Prosperity Bank, having originated $10,600,000 in loans. In fourth place, with 2.8%, is VeraBank, having originated $10,290,000 in loans. In fifth place, with 2.5%, is DRAPER AND KRAMER MORTGAGE CORP., having originated $8,910,000 in loans.
Corsicana, TX Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 549 | $145,195,000 | $264,472 |
Refi | 59 | $197,515,000 | $3,347,712 |
Cash Out Refi | 54 | $10,540,000 | $195,185 |
Home Improvement | 40 | $4,190,000 | $104,750 |
Other | 29 | $4,635,000 | $159,828 |
Corsicana's most frequently cited loan purpose was Home Purchase, with 549 originations. The 2nd most popular reason was Refi, with 59 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 254 | $67,280,000 | $264,882 |
7-8% | 178 | $44,610,000 | $250,618 |
Over 8% | 122 | $17,640,000 | $144,590 |
5-6% | 87 | $211,405,000 | $2,429,943 |
4-5% | 13 | $3,505,000 | $269,615 |
<2.5% | 6 | $30,000 | $5,000 |
3-4% | 1 | $135,000 | $135,000 |
2.5-3% | 1 | $405,000 | $405,000 |
During 2023, Corsicana's most frequently originated rate bucket was 6-7%, with 254 originations.
Loan Sizing (Corsicana, TX MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 253 | $68,045,000 | $268,953 |
$100k-200k | 239 | $35,825,000 | $149,895 |
$100,000 or less | 119 | $7,695,000 | $64,664 |
$400k-600k | 83 | $38,335,000 | $461,867 |
$600k-1000k | 25 | $18,615,000 | $744,600 |
$Over $1MM | 12 | $193,560,000 | $16,130,000 |
Corsicana's loan sizing saw the bucket of loans from $200k-400k with 253 originations, totaling $68,045,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 363 | $91,105,000 | $250,978 |
60-80% | 134 | $42,520,000 | $317,313 |
40-60% | 67 | $16,785,000 | $250,522 |
20-40% | 59 | $10,355,000 | $175,508 |
Under 20% | 23 | $1,255,000 | $54,565 |
Over 100% | 17 | $182,995,000 | $10,764,412 |
Corsicana's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 363 originations, totaling $91,105,000 in origination value.