Mineral Wells Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Mineral Wells averaged 6.28% for the week of 2024-10-10, compared to the national average of 6.32% for the same period.

The average rate for the prior week (2024-10-03) was 6.48% and one month ago for the week of 2024-09-05, the average rate was 6.41%.

Mineral Wells's average rate one year ago was 7.85%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.32%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Mineral Wells 30 Year Fixed Rate 2024-10-10 6.28%
Mineral Wells 30 Year Fixed Rate Refi 2024-10-10 6.32%
Mineral Wells 15 Year Fixed Rate 2024-10-10 5.61%
Mineral Wells 15 Year Fixed Rate Refi 2024-10-10 5.31%
Mineral Wells 30 Year FHA 2024-10-10 5.89%
Mineral Wells 30 Year FHA Refi 2024-10-10 6.1%
Mineral Wells 30 Year USDA 2024-10-10 6.28%
Mineral Wells 30 Year USDA Refi 2024-10-10 5.98%
Mineral Wells 30 Year VA 2024-10-10 5.65%
Mineral Wells 30 Year VA Refi 2024-10-10 6.05%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Mineral Wells, TX.

Mineral Wells 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 Mineral Wells, 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
First Financial Bank 22 6.96% $6,074
QUICKEN LOANS, LLC 11 7.20% $7,372
UNITED WHOLESALE MORTGAGE, LLC 10 6.80% $14,843
Magnolia Bank 7 6.98% $6,429
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 7.15% $6,716
City Bank 5 6.98% $8,826
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 7.05% $11,632
GUILD MORTGAGE COMPANY 5 6.82% $6,594
First United Bank and Trust Company 4 7.03% $7,604
Commercial Bank of Texas 4 6.47% $7,402
LOANDEPOT.COM, LLC 4 6.68% $8,614
Prosperity Bank 4 5.72% $7,903
SFMC, LP 3 7.46% $21,785
NEWREZ LLC 3 7.04% $7,821
Wells Fargo Bank 2 5.25% $21,548
AMCAP MORTGAGE, LTD. 2 6.62% $9,001
American National Bank & Trust 2 6.88% $5,501
CARDINAL FINANCIAL 2 7.38% $16,941
CHURCHILL MORTGAGE CORPORATION 2 6.75% $5,869
CMG MORTGAGE, INC. 2 7.75% $12,264
Colonial Savings, F.A. 2 6.25% $5,461
First United Bank 2 7.69% $15,893
Flagstar Bank, FSB 2 8.25% $42,072
FREEDOM MORTGAGE CORPORATION 2 6.75% $5,161
GUARANTEED RATE, INC. 2 6.94% $6,685
InterBank 2 7.63% $11,761
JPMorgan Chase Bank 2 6.94% $7,968
NAVY FEDERAL CREDIT UNION 2 6.38% $8,858
Simmons Bank 2 6.94% $10,483
The American National Bank of Texas 2 6.56% $6,487
THRIVE MORTGAGE, LLC 2 7.50% $10,406
UNION HOME MORTGAGE CORP. 2 7.25% $14,904
V.I.P. MORTGAGE, INC. 2 6.81% $3,917
Gateway First Bank 1 5.88% $10,077
GUARANTEED RATE AFFINITY, LLC 1 6.75% $5,287
Town Square Mortgage & Investments, Inc. 1 6.75% $6,534
BROKER SOLUTIONS, INC. 1 7.50% $4,460
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.63% $10,441
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.00% $12,002
Trinity Oaks Mortgage, LLC 1 7.88% $14,734
Truist 1 5.72% $8,683
LAKEVIEW LOAN SERVICING, LLC 1 5.88% $16,664
Bank of England 1 7.25% $29,434
Bank of America 1 7.13% $5,060
MEMBER FIRST MORTGAGE, LLC 1 6.88% $15,051
Midwest Mortgage Associates Corporation 1 7.13% $8,838
Morgan Stanley Private Bank 1 5.65% $8,284
Mr. Cooper ( Nationstar Mortgage ) 1 5.99% $6,983
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.50% $23,260
Washington Federal Bank 1 7.13% $18,701
Neighborhood Loans, Inc. 1 7.00% $6,372
Network Funding, L.P. 1 7.63% $4,529
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.50% $5,688
NexBank 1 5.99% $5,533
NFM, INC. 1 8.50% $7,099
OPEN MORTGAGE, LLC 1 6.62% $6,441
Operating Engineers Local Union #3 1 5.63% $3,857
Paramount Residential Mortgage Group, Inc. 1 7.99% $12,831
PENNYMAC LOAN SERVICES, LLC 1 7.25% $4,818
Plains Commerce Bank 1 6.75% $7,437
PLAZA HOME MORTGAGE, INC. 1 6.63% $6,836
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 7.50% $5,367
ALAMEDA MORTGAGE CORPORATION 1 6.99% $7,566
Affiliated Bank 1 5.63% $4,062
R Bank 1 6.75% $15,320
SECURITYNATIONAL MORTGAGE COMPANY 1 6.99% $10,379
SECURITY SERVICE 1 5.88% $6,331
Security State Bank & Trust 1 7.13% $3,686
A&D Mortgage LLC 1 8.38% $8,146
UNION SQUARE 1 7.75% $11,054
SWBC MORTGAGE CORPORATION 1 6.13% $7,616
Texas Mortgage Lending, LLC 1 7.63% $19,091
CROSSCOUNTRY MORTGAGE, LLC 1 6.83% $9,207
EECU 1 6.00% $11,431
Equity Prime Mortgage LLC 1 3.50% $3,130
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 5.99% $9,542
Farm Credit Mid-America, ACA 1 7.50% $14,123
Farmers Bank & Trust 1 7.63% $5,294
Citibank 1 5.00% $8,070
TEXAS TRUST 1 6.25% $4,858
Centennial Bank 1 6.88% $10,893
ACADEMY MORTGAGE CORPORATION 1 6.63% $4,622
21ST MORTGAGE CORPORATION 1 7.15% $5,581
GARDNER FINANCIAL SERVICES, LTD. 1 7.38% $8,631

Mineral Wells Average Closing Costs & Other Stats

Mineral Wells, TX's 84 lenders originated 577 loans during 2023. The total origination value was $181,605,000, with an average loan value of $314,740.

Mineral Wells's average closing costs are $6,630.

The top Mineral Wells lender as defined by loan originations is First Financial Bank, with 22 loans originated. Their average total fees are $6,074, which is $1,298 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Mineral Wells lenders (with over 10 loans originated) are First Financial Bank ($6,074), QUICKEN LOANS, LLC ($7,372), UNITED WHOLESALE MORTGAGE, LLC ($14,843), .

The lowest rate Mineral Wells lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.80%), First Financial Bank (6.96%), QUICKEN LOANS, LLC (7.20%), .

Mineral Wells, 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
First Financial Bank $34,885,000 $22,630,000 -35.1% 12.5%
UNITED WHOLESALE MORTGAGE, LLC $3,255,000 $8,555,000 162.8% 4.7%
The First National Bank of Albany $1,645,000 $5,260,000 219.8% 2.9%
Prosperity Bank $5,590,000 $4,600,000 -17.7% 2.5%
Wells Fargo Bank $980,000 $4,570,000 366.3% 2.5%
QUICKEN LOANS, LLC $8,915,000 $3,865,000 -56.6% 2.1%
First United Bank and Trust Company $5,695,000 $3,370,000 -40.8% 1.9%
Flagstar Bank, FSB $3,340,000 n/a 1.8%
InterBank $1,070,000 $3,270,000 205.6% 1.8%
Mortgage Research Center, LLC $1,390,000 $3,095,000 122.7% 1.7%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,725,000 $3,085,000 -17.2% 1.7%
21ST MORTGAGE CORPORATION $4,440,000 $2,695,000 -39.3% 1.5%
Community National Bank & Trust of Texas $3,680,000 $2,640,000 -28.3% 1.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $5,275,000 $2,625,000 -50.2% 1.4%
JPMorgan Chase Bank $6,080,000 $2,605,000 -57.2% 1.4%
GUILD MORTGAGE COMPANY $6,325,000 $2,585,000 -59.1% 1.4%
PlainsCapital Bank $2,370,000 $2,390,000 0.8% 1.3%
City Bank $3,340,000 $2,380,000 -28.7% 1.3%
Frost Bank $60,000 $2,345,000 3,808.3% 1.3%
CARDINAL FINANCIAL $2,930,000 $2,045,000 -30.2% 1.1%
Simmons Bank $300,000 $1,990,000 563.3% 1.1%
Truist $2,765,000 $1,925,000 -30.4% 1.1%
LOANDEPOT.COM, LLC $2,185,000 $1,915,000 -12.4% 1.1%
CMG MORTGAGE, INC. $1,520,000 $1,880,000 23.7% 1.0%
Magnolia Bank $2,500,000 $1,850,000 -26.0% 1.0%
First United Bank $3,185,000 $1,760,000 -44.7% 1.0%
UNION SQUARE $1,720,000 n/a 0.9%
Gateway First Bank $5,070,000 $1,670,000 -67.1% 0.9%
Round Top State Bank $1,645,000 n/a 0.9%
LONE STAR STATE BANK $1,555,000 n/a 0.9%
SFMC, LP $2,765,000 $1,530,000 -44.7% 0.8%
American Airlines Federal Credit Union $35,000 $1,510,000 4,214.3% 0.8%
Commercial Bank of Texas $500,000 $1,510,000 202.0% 0.8%
Southside Bank $555,000 $1,510,000 172.1% 0.8%
Security State Bank & Trust $145,000 $1,505,000 937.9% 0.8%
Bank of America $825,000 $1,485,000 80.0% 0.8%
EECU $1,165,000 $1,465,000 25.8% 0.8%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $1,460,000 n/a 0.8%
Centennial Bank $870,000 $1,445,000 66.1% 0.8%
HOMEXPRESS MORTGAGE CORP. $1,440,000 n/a 0.8%
PENNYMAC LOAN SERVICES, LLC $1,720,000 $1,415,000 -17.7% 0.8%
Veritex Community Bank $365,000 $1,415,000 287.7% 0.8%
American Bank of Commerce $1,385,000 n/a 0.8%
Ciera Bank $290,000 $1,330,000 358.6% 0.7%
Worthington National Bank $1,305,000 n/a 0.7%
BOKF $415,000 $1,285,000 209.6% 0.7%
Bank of England $1,240,000 $1,260,000 1.6% 0.7%
West Texas National Bank $1,205,000 n/a 0.7%
THRIVE MORTGAGE, LLC $125,000 $1,070,000 756.0% 0.6%
First Bank $3,620,000 $1,030,000 -71.5% 0.6%
MEMBER FIRST MORTGAGE, LLC $285,000 $1,005,000 252.6% 0.6%
Morgan Stanley Private Bank $2,485,000 $1,005,000 -59.6% 0.6%
UNION HOME MORTGAGE CORP. $1,000,000 n/a 0.6%
Washington Federal Bank $955,000 n/a 0.5%
The American National Bank of Texas $915,000 n/a 0.5%
Plains Commerce Bank $875,000 n/a 0.5%
Colonial Savings, F.A. $1,790,000 $850,000 -52.5% 0.5%
NEWREZ LLC $655,000 $830,000 26.7% 0.5%
DEEPHAVEN MORTGAGE LLC $825,000 n/a 0.5%
Paramount Residential Mortgage Group, Inc. $370,000 $805,000 117.6% 0.4%
MUTUAL OF OMAHA MORTGAGE, INC. $245,000 $790,000 222.4% 0.4%
R Bank $765,000 n/a 0.4%
AMCAP MORTGAGE, LTD. $1,945,000 $755,000 -61.2% 0.4%
Network Funding, L.P. $340,000 $755,000 122.1% 0.4%
RF Renovo Management Company, LLC $725,000 n/a 0.4%
SOUTHWEST STAGE FUNDING, LLC $675,000 $680,000 0.7% 0.4%
UNITED BUILT HOMES, L.L.C. $1,720,000 $670,000 -61.0% 0.4%
EVERETT FINANCIAL, INC. $1,520,000 $665,000 -56.3% 0.4%
PACIFIC RESIDENTIAL MORTGAGE, LLC $665,000 n/a 0.4%
Town Square Mortgage & Investments, Inc. $665,000 $665,000 0.0% 0.4%
American National Bank & Trust $955,000 $645,000 -32.5% 0.4%
Commerce Home Mortgage, Inc. $635,000 n/a 0.3%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,980,000 $625,000 -68.4% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $670,000 $620,000 -7.5% 0.3%
Trinity Oaks Mortgage, LLC $610,000 n/a 0.3%
GUARANTEED RATE, INC. $1,760,000 $605,000 -65.6% 0.3%
SECURITY SERVICE $605,000 n/a 0.3%
NAVY FEDERAL CREDIT UNION $980,000 $600,000 -38.8% 0.3%
Farmers Bank & Trust Company $585,000 n/a 0.3%
First State Bank $565,000 n/a 0.3%
Farm Credit Mid-America, ACA $405,000 $555,000 37.0% 0.3%
LAKEVIEW LOAN SERVICING, LLC $165,000 $555,000 236.4% 0.3%
FIRST NATIONAL BANK OF WEATHERFORD $1,735,000 $545,000 -68.6% 0.3%
Texas Mortgage Lending, LLC $505,000 n/a 0.3%
COUNTRYPLACE MORTGAGE, LTD. $790,000 $500,000 -36.7% 0.3%
MORTGAGE FINANCIAL SERVICES, LLC $345,000 $470,000 36.2% 0.3%
FREEDOM MORTGAGE CORPORATION $950,000 $465,000 -51.1% 0.3%
V.I.P. MORTGAGE, INC. $1,560,000 $460,000 -70.5% 0.3%
Discover Bank $455,000 n/a 0.3%
BROKER SOLUTIONS, INC. $1,375,000 $450,000 -67.3% 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $515,000 $450,000 -12.6% 0.2%
Affiliated Bank $2,830,000 $445,000 -84.3% 0.2%
First National Bank $2,215,000 $435,000 -80.4% 0.2%
NATIONS RELIABLE LENDING, LLC $355,000 $435,000 22.5% 0.2%
The First National Bank of Granbury $295,000 $425,000 44.1% 0.2%
Mr. Cooper ( Nationstar Mortgage ) $1,780,000 $420,000 -76.4% 0.2%
USAA Federal Savings Bank $390,000 $415,000 6.4% 0.2%
Neighborhood Loans, Inc. $400,000 n/a 0.2%
FIRST COMMUNITY MORTGAGE, INC. $425,000 $395,000 -7.1% 0.2%
Encompass Lending Group, LP $315,000 $390,000 23.8% 0.2%
Farmers Bank & Trust $385,000 n/a 0.2%
RADIUS FINANCIAL GROUP INC. $385,000 n/a 0.2%
FirstBank $75,000 $370,000 393.3% 0.2%
Citibank $1,275,000 $355,000 -72.2% 0.2%
LOANPAL, LLC $480,000 $350,000 -27.1% 0.2%
TRIAD FINANCIAL SERVICES, INC. $350,000 n/a 0.2%
Citizens Bank $345,000 n/a 0.2%
Pinnacle Bank $530,000 $345,000 -34.9% 0.2%
Waggoner National Bank $345,000 n/a 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $325,000 n/a 0.2%
Equity Prime Mortgage LLC $570,000 $325,000 -43.0% 0.2%
LOANPEOPLE, LLC $1,025,000 $315,000 -69.3% 0.2%
NATIONS DIRECT MORTGAGE, LLC $315,000 n/a 0.2%
NexBank $885,000 $315,000 -64.4% 0.2%
SWBC MORTGAGE CORPORATION $695,000 $305,000 -56.1% 0.2%
Citizens State Bank $295,000 n/a 0.2%
TEXOMA COMMUNITY CREDIT UNION $285,000 n/a 0.2%
CHURCHILL MORTGAGE CORPORATION $145,000 $280,000 93.1% 0.2%
MOVEMENT MORTGAGE, LLC $545,000 $270,000 -50.5% 0.1%
CALCON MUTUAL MORTGAGE LLC $265,000 n/a 0.1%
GARDNER FINANCIAL SERVICES, LTD. $265,000 n/a 0.1%
SECURITYNATIONAL MORTGAGE COMPANY $720,000 $265,000 -63.2% 0.1%
ZILLOW HOME LOANS, LLC $265,000 n/a 0.1%
Guaranty Bank & Trust, N.A. $365,000 $255,000 -30.1% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $255,000 n/a 0.1%
TEXAS TRUST $255,000 n/a 0.1%
LENDINGHOME FUNDING CORPORATION $245,000 n/a 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $445,000 $235,000 -47.2% 0.1%
Prosperity Home Mortgage, LLC $560,000 $235,000 -58.0% 0.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $210,000 $230,000 9.5% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $225,000 n/a 0.1%
Midwest Mortgage Associates Corporation $225,000 n/a 0.1%
MICHIGAN MUTUAL, INC. $215,000 n/a 0.1%
NFM, INC. $185,000 $205,000 10.8% 0.1%
FORT WORTH COMMUNITY $275,000 $200,000 -27.3% 0.1%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $195,000 n/a 0.1%
PNC Bank $235,000 $190,000 -19.1% 0.1%
ALAMEDA MORTGAGE CORPORATION $185,000 n/a 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $135,000 $185,000 37.0% 0.1%
FIRST CENTENNIAL MORTGAGE CORPORATION $185,000 $185,000 0.0% 0.1%
OPEN MORTGAGE, LLC $185,000 n/a 0.1%
A&D Mortgage LLC $175,000 n/a 0.1%
RANDOLPH-BROOKS $1,560,000 $170,000 -89.1% 0.1%
The Federal Savings Bank $165,000 n/a 0.1%
Waterstone Mortgage Corporation $535,000 $165,000 -69.2% 0.1%
ALTRA $155,000 n/a 0.1%
GUARANTEED RATE AFFINITY, LLC $245,000 $155,000 -36.7% 0.1%
PLAZA HOME MORTGAGE, INC. $245,000 $155,000 -36.7% 0.1%
ACADEMY MORTGAGE CORPORATION $155,000 $135,000 -12.9% 0.1%
CITY FIRST MORTGAGE SERVICES, L.L.C. $125,000 n/a 0.1%
OCMBC, INC. $125,000 n/a 0.1%
Brighton Bank $95,000 n/a 0.1%
CORNERSTONE HOME LENDING, INC. $95,000 n/a 0.1%
Operating Engineers Local Union #3 $85,000 n/a 0.0%
International Bank of Commerce $255,000 $75,000 -70.6% 0.0%
PLANET HOME LENDING, LLC $275,000 $45,000 -83.6% 0.0%

Mineral Wells's top lender by overall market share is First Financial Bank, with 12.5% market share. In second place, with 4.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $8,555,000 in loans. In third place, with 2.9%, is The First National Bank of Albany, having originated $5,260,000 in loans. In fourth place, with 2.5%, is Prosperity Bank, having originated $4,600,000 in loans. In fifth place, with 2.5%, is Wells Fargo Bank, having originated $4,570,000 in loans.

Mineral Wells, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 381 $133,895,000 $351,430
Home Improvement 66 $6,940,000 $105,152
Cash Out Refi 51 $16,505,000 $323,627
Refi 43 $16,315,000 $379,419
Other 36 $7,950,000 $220,833

Mineral Wells's most frequently cited loan purpose was Home Purchase, with 381 originations. The 2nd most popular reason was Home Improvement, with 66 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
7-8% 172 $49,050,000 $285,174
6-7% 161 $55,585,000 $345,248
Over 8% 115 $29,935,000 $260,304
5-6% 70 $24,080,000 $344,000
4-5% 9 $2,835,000 $315,000
<2.5% 2 $20,000 $10,000
3-4% 1 $325,000 $325,000

During 2023, Mineral Wells's most frequently originated rate bucket was 7-8%, with 172 originations.

Loan Sizing (Mineral Wells, TX MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 193 $53,815,000 $278,834
$100k-200k 165 $24,565,000 $148,879
$100,000 or less 101 $6,675,000 $66,089
$400k-600k 50 $23,900,000 $478,000
$600k-1000k 41 $30,645,000 $747,439
$Over $1MM 27 $42,005,000 $1,555,741

Mineral Wells's loan sizing saw the bucket of loans from $200k-400k with 193 originations, totaling $53,815,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 210 $62,530,000 $297,762
60-80% 156 $58,100,000 $372,436
40-60% 68 $27,050,000 $397,794
20-40% 48 $8,530,000 $177,708
Under 20% 35 $3,435,000 $98,143
Over 100% 11 $2,045,000 $185,909

Mineral Wells's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 210 originations, totaling $62,530,000 in origination value.