Mineral Wells Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mineral Wells averaged
7.08%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.41% and
one month ago for the week of 2025-05-15, the
average rate was 7.08%.
Mineral Wells's average rate one year ago was 7.32%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.91%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Mineral Wells 30 Year Fixed Rate | 2025-06-18 | 7.08% |
| Mineral Wells 30 Year Fixed Rate Refi | 2025-06-18 | 6.91% |
| Mineral Wells 15 Year Fixed Rate | 2025-06-18 | 6.06% |
| Mineral Wells 15 Year Fixed Rate Refi | 2025-06-18 | 5.86% |
| Mineral Wells 30 Year FHA | 2025-06-18 | -0.01% |
| Mineral Wells 30 Year FHA Refi | 2025-06-18 | 0% |
| Mineral Wells 30 Year USDA | 2025-06-18 | -0.2% |
| Mineral Wells 30 Year USDA Refi | 2025-06-18 | 0% |
| Mineral Wells 30 Year VA | 2025-06-18 | 0.1% |
| Mineral Wells 30 Year VA Refi | 2025-06-18 | -0.1% |
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.).
Mineral Wells Average Closing Costs & Other Stats
Mineral Wells, TX's 76 lenders originated 555
loans during 2024. The total origination value was $183,175,000, with an average loan value of
$330,045.
Mineral Wells's average closing costs are $6,995.
The top Mineral Wells lender as defined by loan originations is QUICKEN LOANS, LLC, with
23 loans originated. Their average total fees are
$8,396, which is $1,417
higher than the next largest lender,
First Financial Bank.
The lowest fee Mineral Wells lenders (with over 10 loans originated) are
First Financial Bank ($6,979), QUICKEN LOANS, LLC ($8,396), UNITED WHOLESALE MORTGAGE, LLC ($11,544), .
The lowest rate Mineral Wells lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.81%), QUICKEN LOANS, LLC (6.99%), First Financial Bank (7.15%), .
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| First Financial Bank | $22,630,000 | $13,395,000 | -40.8% | 7.3% |
| QUICKEN LOANS, LLC | $3,865,000 | $10,760,000 | 178.4% | 5.9% |
| City Bank | $2,380,000 | $8,990,000 | 277.7% | 4.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $8,555,000 | $8,445,000 | -1.3% | 4.6% |
| JPMorgan Chase Bank | $2,605,000 | $6,825,000 | 162.0% | 3.7% |
| The First National Bank of Albany | $5,260,000 | $5,700,000 | 8.4% | 3.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,625,000 | $5,650,000 | 115.2% | 3.1% |
| BOKF | $1,285,000 | $5,200,000 | 304.7% | 2.8% |
| Ciera Bank | $1,330,000 | $4,920,000 | 269.9% | 2.7% |
| GUILD MORTGAGE COMPANY | $2,585,000 | $4,540,000 | 75.6% | 2.5% |
| BancorpSouth | $4,270,000 | n/a | 2.3% | |
| Bank of America | $1,485,000 | $3,690,000 | 148.5% | 2.0% |
| CARDINAL FINANCIAL | $2,045,000 | $3,425,000 | 67.5% | 1.9% |
| 21ST MORTGAGE CORPORATION | $2,695,000 | $2,820,000 | 4.6% | 1.5% |
| SFMC, LP | $1,530,000 | $2,770,000 | 81.0% | 1.5% |
| American National Bank & Trust | $645,000 | $2,665,000 | 313.2% | 1.5% |
| Veritex Community Bank | $1,415,000 | $2,605,000 | 84.1% | 1.4% |
| First United Bank and Trust Company | $3,370,000 | $2,445,000 | -27.4% | 1.3% |
| Truist | $1,925,000 | $2,420,000 | 25.7% | 1.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $620,000 | $2,400,000 | 287.1% | 1.3% |
| Gateway First Bank | $1,670,000 | $2,330,000 | 39.5% | 1.3% |
| AUSTIN COUNTY STATE BANK | $2,255,000 | n/a | 1.2% | |
| First Bank | $1,030,000 | $2,225,000 | 116.0% | 1.2% |
| Origin Bank | $2,090,000 | n/a | 1.1% | |
| Affiliated Bank | $445,000 | $1,920,000 | 331.5% | 1.0% |
| Mortgage Research Center, LLC | $3,095,000 | $1,835,000 | -40.7% | 1.0% |
| GUARANTEED RATE, INC. | $605,000 | $1,805,000 | 198.3% | 1.0% |
| Frost Bank | $2,345,000 | $1,750,000 | -25.4% | 1.0% |
| FIRST NATIONAL BANK OF WEATHERFORD | $545,000 | $1,670,000 | 206.4% | 0.9% |
| S1L, Inc. | $1,645,000 | n/a | 0.9% | |
| LOANDEPOT.COM, LLC | $1,915,000 | $1,640,000 | -14.4% | 0.9% |
| Vantage Bank Texas | $1,405,000 | n/a | 0.8% | |
| ZILLOW HOME LOANS, LLC | $265,000 | $1,375,000 | 418.9% | 0.8% |
| Community National Bank & Trust of Texas | $2,640,000 | $1,335,000 | -49.4% | 0.7% |
| Paramount Residential Mortgage Group, Inc. | $805,000 | $1,285,000 | 59.6% | 0.7% |
| EVERETT FINANCIAL, INC. | $665,000 | $1,200,000 | 80.5% | 0.7% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,460,000 | $1,105,000 | -24.3% | 0.6% |
| AMERICAN HERITAGE LENDING, INC. | $1,075,000 | n/a | 0.6% | |
| Network Funding, L.P. | $755,000 | $1,075,000 | 42.4% | 0.6% |
| Guaranty Bank & Trust, N.A. | $255,000 | $1,065,000 | 317.6% | 0.6% |
| SECURITYNATIONAL MORTGAGE COMPANY | $265,000 | $1,035,000 | 290.6% | 0.6% |
| Magnolia Bank | $1,850,000 | $1,025,000 | -44.6% | 0.6% |
| Western Bank | $990,000 | n/a | 0.5% | |
| LOANPEOPLE, LLC | $315,000 | $980,000 | 211.1% | 0.5% |
| EECU | $1,465,000 | $955,000 | -34.8% | 0.5% |
| Waterstone Mortgage Corporation | $165,000 | $920,000 | 457.6% | 0.5% |
| Commercial Bank of Texas | $1,510,000 | $900,000 | -40.4% | 0.5% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $195,000 | $880,000 | 351.3% | 0.5% |
| UBS Bank USA | $855,000 | n/a | 0.5% | |
| Prosperity Home Mortgage, LLC | $235,000 | $825,000 | 251.1% | 0.5% |
| SUN WEST MORTGAGE COMPANY, INC. | $790,000 | n/a | 0.4% | |
| BROKER SOLUTIONS, INC. | $450,000 | $770,000 | 71.1% | 0.4% |
| MOVEMENT MORTGAGE, LLC | $270,000 | $770,000 | 185.2% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $1,415,000 | $750,000 | -47.0% | 0.4% |
| SOUTHWEST STAGE FUNDING, LLC | $680,000 | $745,000 | 9.6% | 0.4% |
| NexBank | $315,000 | $735,000 | 133.3% | 0.4% |
| Simmons Bank | $1,990,000 | $730,000 | -63.3% | 0.4% |
| Raymond James Bank | $715,000 | n/a | 0.4% | |
| R Bank | $765,000 | $695,000 | -9.2% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $465,000 | $675,000 | 45.2% | 0.4% |
| NEWREZ LLC | $830,000 | $660,000 | -20.5% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,085,000 | $655,000 | -78.8% | 0.4% |
| ROYAL UNITED MORTGAGE LLC | $655,000 | n/a | 0.4% | |
| PHH Mortgage Corporation | $635,000 | n/a | 0.3% | |
| CAPITAL CONCEPTS, INC. | $610,000 | n/a | 0.3% | |
| Stifel Bank and Trust | $605,000 | n/a | 0.3% | |
| GMFS LLC | $595,000 | n/a | 0.3% | |
| CMG MORTGAGE, INC. | $1,880,000 | $590,000 | -68.6% | 0.3% |
| Centennial Bank | $1,445,000 | $560,000 | -61.2% | 0.3% |
| UNITED BUILT HOMES, L.L.C. | $670,000 | $555,000 | -17.2% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $325,000 | $545,000 | 67.7% | 0.3% |
| Carrington Mortgage Services, LLC | $545,000 | n/a | 0.3% | |
| Amarillo National Bank | $525,000 | n/a | 0.3% | |
| UMB Bank | $525,000 | n/a | 0.3% | |
| TEXAS TECH | $515,000 | n/a | 0.3% | |
| Worthington National Bank | $1,305,000 | $505,000 | -61.3% | 0.3% |
| Bank of England | $1,260,000 | $495,000 | -60.7% | 0.3% |
| Community National Bank | $495,000 | n/a | 0.3% | |
| NAVY FEDERAL CREDIT UNION | $600,000 | $475,000 | -20.8% | 0.3% |
| PILGRIM MORTGAGE LLC | $455,000 | n/a | 0.2% | |
| The Loan Store, Inc. | $455,000 | n/a | 0.2% | |
| HomeBank Texas | $395,000 | n/a | 0.2% | |
| HOMESIDE FINANCIAL, LLC | $390,000 | n/a | 0.2% | |
| NFM, INC. | $205,000 | $380,000 | 85.4% | 0.2% |
| SUCCESS MORTGAGE PARTNERS, INC. | $255,000 | $380,000 | 49.0% | 0.2% |
| Cornerstone First Mortgage, Inc | $365,000 | n/a | 0.2% | |
| EMBRACE HOME LOANS, INC. | $365,000 | n/a | 0.2% | |
| OPEN MORTGAGE, LLC | $185,000 | $355,000 | 91.9% | 0.2% |
| SCHLUMBERGER EMPLOYEES CREDIT UNION | $355,000 | n/a | 0.2% | |
| FirstBank | $370,000 | $350,000 | -5.4% | 0.2% |
| Wells Fargo Bank | $4,570,000 | $350,000 | -92.3% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $155,000 | $345,000 | 122.6% | 0.2% |
| FIRST COMMUNITY MORTGAGE, INC. | $395,000 | $340,000 | -13.9% | 0.2% |
| Keystone Funding, Inc. | $325,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $3,340,000 | $320,000 | -90.4% | 0.2% |
| First United Bank | $1,760,000 | $305,000 | -82.7% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $555,000 | $305,000 | -45.0% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $350,000 | $305,000 | -12.9% | 0.2% |
| AmeriHome Mortgage Company, LLC | $285,000 | n/a | 0.2% | |
| CHURCHILL MORTGAGE CORPORATION | $280,000 | $285,000 | 1.8% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $420,000 | $285,000 | -32.1% | 0.2% |
| PNC Bank | $190,000 | $270,000 | 42.1% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $185,000 | $265,000 | 43.2% | 0.1% |
| Equity Prime Mortgage LLC | $325,000 | $255,000 | -21.5% | 0.1% |
| Prosperity Bank | $4,600,000 | $255,000 | -94.5% | 0.1% |
| Republic State Mortgage Co. | $255,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $245,000 | $250,000 | 2.0% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $235,000 | $245,000 | 4.3% | 0.1% |
| USAA Federal Savings Bank | $415,000 | $235,000 | -43.4% | 0.1% |
| LOANPAL, LLC | $350,000 | $225,000 | -35.7% | 0.1% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $225,000 | n/a | 0.1% | |
| Alliance Bank Central Texas | $215,000 | n/a | 0.1% | |
| Citadel Servicing Corporation | $215,000 | n/a | 0.1% | |
| JMAC LENDING, INC. | $205,000 | n/a | 0.1% | |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $665,000 | $205,000 | -69.2% | 0.1% |
| Watermark Capital, Inc. | $205,000 | n/a | 0.1% | |
| Wolfe Financial, Inc | $205,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $200,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $790,000 | $195,000 | -75.3% | 0.1% |
| FORT WORTH COMMUNITY | $200,000 | $190,000 | -5.0% | 0.1% |
| Credit Union of Texas | $185,000 | n/a | 0.1% | |
| TOWNE MORTGAGE COMPANY | $185,000 | n/a | 0.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $230,000 | $180,000 | -21.7% | 0.1% |
| MORTGAGE FINANCIAL SERVICES, LLC | $470,000 | $175,000 | -62.8% | 0.1% |
| HOMESPIRE MORTGAGE CORPORATION | $155,000 | n/a | 0.1% | |
| MEMBERS CHOICE Credit Union | $155,000 | n/a | 0.1% | |
| Brighton Bank | $95,000 | $145,000 | 52.6% | 0.1% |
| OCMBC, INC. | $125,000 | $145,000 | 16.0% | 0.1% |
| PLANET HOME LENDING, LLC | $45,000 | $145,000 | 222.2% | 0.1% |
| U.S. Bank | $135,000 | n/a | 0.1% | |
| SOUTHWEST FUNDING, LP | $115,000 | n/a | 0.1% | |
| CSL Financial, LLC | $110,000 | n/a | 0.1% | |
| ARC HOME LLC | $105,000 | n/a | 0.1% | |
| Legacy Bank | $95,000 | n/a | 0.1% | |
| PlainsCapital Bank | $2,390,000 | $90,000 | -96.2% | 0.0% |
| Discover Bank | $455,000 | $85,000 | -81.3% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $85,000 | n/a | 0.0% | |
| SECURITY SERVICE | $605,000 | $75,000 | -87.6% | 0.0% |
| Zions Bank | $65,000 | n/a | 0.0% | |
| UNION SQUARE | $1,720,000 | $55,000 | -96.8% | 0.0% |
| RANDOLPH-BROOKS | $170,000 | $35,000 | -79.4% | 0.0% |
Mineral Wells's top lender by overall market share is First Financial Bank, with 7.3% market share. In second place, with 5.9%, is QUICKEN LOANS, LLC, having originated $10,760,000 in loans. In third place, with 4.9%, is City Bank, having originated $8,990,000 in loans. In fourth place, with 4.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $8,445,000 in loans. In fifth place, with 3.7%, is JPMorgan Chase Bank, having originated $6,825,000 in loans.
Mineral Wells, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 362 | $132,060,000 | $364,807 |
| Refi | 69 | $24,565,000 | $356,014 |
| Cash Out Refi | 49 | $14,075,000 | $287,245 |
| Other | 39 | $7,505,000 | $192,436 |
| Home Improvement | 36 | $4,970,000 | $138,056 |
Mineral Wells's most frequently cited loan purpose was Home Purchase, with 362 originations. The 2nd most popular reason was Refi, with 69 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 186 | $67,130,000 | $360,914 |
| 7-8% | 161 | $57,195,000 | $355,248 |
| Over 8% | 86 | $22,270,000 | $258,953 |
| 5-6% | 46 | $15,940,000 | $346,522 |
| 4-5% | 7 | $1,295,000 | $185,000 |
| <2.5% | 5 | $25,000 | $5,000 |
During 2024, Mineral Wells's most frequently originated rate bucket was 6-7%, with 186 originations.
Loan Sizing (Mineral Wells, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 175 | $26,775,000 | $153,000 |
| $200k-400k | 166 | $45,750,000 | $275,602 |
| $100,000 or less | 92 | $5,510,000 | $59,891 |
| $400k-600k | 65 | $31,445,000 | $483,769 |
| $Over $1MM | 30 | $54,520,000 | $1,817,333 |
| $600k-1000k | 27 | $19,175,000 | $710,185 |
Mineral Wells's loan sizing saw the bucket of loans from $100k-200k with 175 originations, totaling $26,775,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 214 | $64,780,000 | $302,710 |
| 60-80% | 132 | $65,060,000 | $492,879 |
| 40-60% | 52 | $14,790,000 | $284,423 |
| 20-40% | 48 | $8,950,000 | $186,458 |
| Under 20% | 30 | $2,300,000 | $76,667 |
| Over 100% | 7 | $2,085,000 | $297,857 |
Mineral Wells's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 214 originations, totaling $64,780,000 in origination value.