Paris Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Paris averaged
6.87%
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
6.8% and
one month ago for the week of 2024-10-03, the
average rate was 6.1%.
Paris's average rate one year ago was 8.04%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.89%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Paris 30 Year Fixed Rate | 2024-11-07 | 6.87% |
| Paris 30 Year Fixed Rate Refi | 2024-11-07 | 6.89% |
| Paris 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Paris 15 Year Fixed Rate Refi | 2024-11-07 | 6% |
| Paris 30 Year FHA | 2024-11-07 | 6.45% |
| Paris 30 Year FHA Refi | 2024-11-07 | 6.73% |
| Paris 30 Year USDA | 2024-11-07 | 6.38% |
| Paris 30 Year USDA Refi | 2024-11-07 | 6.48% |
| Paris 30 Year VA | 2024-11-07 | 6.34% |
| Paris 30 Year VA Refi | 2024-11-07 | 6.34% |
Paris 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 Paris, 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.).
Paris Average Closing Costs & Other Stats
Paris, TX's 59 lenders originated 433
loans during 2023. The total origination value was $84,645,000, with an average loan value of
$195,485.
Paris's average closing costs are $5,871.
The top Paris lender as defined by loan originations is QUICKEN LOANS, LLC, with
15 loans originated. Their average total fees are
$6,357, which is $1,442
higher than the next largest lender,
Guaranty Bank & Trust, N.A..
The lowest fee Paris lenders (with over 10 loans originated) are
Guaranty Bank & Trust, N.A. ($4,915), QUICKEN LOANS, LLC ($6,357), .
The lowest rate Paris lenders (with over 10 loans originated) are
Guaranty Bank & Trust, N.A. (6.38%), QUICKEN LOANS, LLC (7.13%), .
Paris, 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 |
|---|---|---|---|---|
| Farmers Bank & Trust Company | $22,845,000 | $13,220,000 | -42.1% | 15.6% |
| GUARANTEED RATE, INC. | $780,000 | $6,365,000 | 716.0% | 7.5% |
| Guaranty Bank & Trust, N.A. | $9,695,000 | $5,960,000 | -38.5% | 7.0% |
| QUICKEN LOANS, LLC | $10,860,000 | $4,915,000 | -54.7% | 5.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,640,000 | $2,655,000 | 61.9% | 3.1% |
| Mortgage Research Center, LLC | $4,925,000 | $2,615,000 | -46.9% | 3.1% |
| GUILD MORTGAGE COMPANY | $5,850,000 | $2,495,000 | -57.4% | 2.9% |
| SFMC, LP | $3,715,000 | $2,395,000 | -35.5% | 2.8% |
| 21ST MORTGAGE CORPORATION | $2,440,000 | $1,820,000 | -25.4% | 2.2% |
| Nations Lending Corporation | $2,385,000 | $1,525,000 | -36.1% | 1.8% |
| Legend Bank, N.A. | $395,000 | $1,355,000 | 243.0% | 1.6% |
| PENNYMAC LOAN SERVICES, LLC | $1,755,000 | $1,355,000 | -22.8% | 1.6% |
| LOANDEPOT.COM, LLC | $2,250,000 | $1,295,000 | -42.4% | 1.5% |
| Farm Credit Mid-America, ACA | $1,150,000 | n/a | 1.4% | |
| PROPER RATE, LLC | $1,075,000 | n/a | 1.3% | |
| CARDINAL FINANCIAL | $1,215,000 | $1,040,000 | -14.4% | 1.2% |
| Town Square Mortgage & Investments, Inc. | $295,000 | $1,000,000 | 239.0% | 1.2% |
| EVERETT FINANCIAL, INC. | $2,420,000 | $940,000 | -61.2% | 1.1% |
| NAVY FEDERAL CREDIT UNION | $610,000 | $910,000 | 49.2% | 1.1% |
| LIMA ONE CAPITAL, LLC | $905,000 | n/a | 1.1% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,590,000 | $870,000 | -75.8% | 1.0% |
| Texas Mortgage Lending, LLC | $355,000 | $870,000 | 145.1% | 1.0% |
| Benchmark Bank | $855,000 | n/a | 1.0% | |
| T2 FINANCIAL LLC | $755,000 | $845,000 | 11.9% | 1.0% |
| RF Renovo Management Company, LLC | $785,000 | n/a | 0.9% | |
| RED RIVER EMPLOYEES | $2,850,000 | $780,000 | -72.6% | 0.9% |
| Wells Fargo Bank | $895,000 | $775,000 | -13.4% | 0.9% |
| AMCAP MORTGAGE, LTD. | $820,000 | $760,000 | -7.3% | 0.9% |
| TRIAD FINANCIAL SERVICES, INC. | $300,000 | $630,000 | 110.0% | 0.7% |
| PLANET HOME LENDING, LLC | $245,000 | $590,000 | 140.8% | 0.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $530,000 | $545,000 | 2.8% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,930,000 | $545,000 | -71.8% | 0.6% |
| First United Bank and Trust Company | $940,000 | $510,000 | -45.7% | 0.6% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $425,000 | $495,000 | 16.5% | 0.6% |
| BROKER SOLUTIONS, INC. | $370,000 | $490,000 | 32.4% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $575,000 | $475,000 | -17.4% | 0.6% |
| SOUTHWEST STAGE FUNDING, LLC | $645,000 | $475,000 | -26.4% | 0.6% |
| SECURITYNATIONAL MORTGAGE COMPANY | $165,000 | $435,000 | 163.6% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $2,440,000 | $430,000 | -82.4% | 0.5% |
| UNITED BUILT HOMES, L.L.C. | $425,000 | n/a | 0.5% | |
| VILLAGE CAPITAL MORTGAGE | $205,000 | $420,000 | 104.9% | 0.5% |
| NexBank | $540,000 | $415,000 | -23.1% | 0.5% |
| Alliance Bank | $390,000 | n/a | 0.5% | |
| NEWREZ LLC | $230,000 | $390,000 | 69.6% | 0.5% |
| A&D Mortgage LLC | $385,000 | n/a | 0.5% | |
| Origin Bank | $450,000 | $385,000 | -14.4% | 0.5% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $65,000 | $370,000 | 469.2% | 0.4% |
| Gateway First Bank | $1,495,000 | $370,000 | -75.3% | 0.4% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $505,000 | $370,000 | -26.7% | 0.4% |
| NBKC BANK | $365,000 | n/a | 0.4% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,365,000 | $360,000 | -73.6% | 0.4% |
| ROYAL UNITED MORTGAGE LLC | $240,000 | $345,000 | 43.8% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $335,000 | n/a | 0.4% | |
| Equity Prime Mortgage LLC | $330,000 | n/a | 0.4% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $245,000 | $320,000 | 30.6% | 0.4% |
| Commercial Bank of Texas | $255,000 | $315,000 | 23.5% | 0.4% |
| LOANPAL, LLC | $310,000 | n/a | 0.4% | |
| Credit Union of Texas | $305,000 | n/a | 0.4% | |
| AMERICAN FINANCING CORPORATION | $465,000 | $295,000 | -36.6% | 0.3% |
| VeraBank | $285,000 | n/a | 0.3% | |
| CALCON MUTUAL MORTGAGE LLC | $415,000 | $275,000 | -33.7% | 0.3% |
| CMG MORTGAGE, INC. | $480,000 | $275,000 | -42.7% | 0.3% |
| CORNERSTONE HOME LENDING, INC. | $275,000 | n/a | 0.3% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $260,000 | n/a | 0.3% | |
| Discover Bank | $245,000 | n/a | 0.3% | |
| RBC Bank, (Georgia) | $400,000 | $245,000 | -38.8% | 0.3% |
| JPMorgan Chase Bank | $585,000 | $240,000 | -59.0% | 0.3% |
| First Federal Bank | $235,000 | n/a | 0.3% | |
| ASPIRE FINANCIAL, INC. | $1,020,000 | $230,000 | -77.5% | 0.3% |
| Century Mortgage Company DBA Century Lending Company | $225,000 | n/a | 0.3% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $205,000 | n/a | 0.2% | |
| CHURCHILL MORTGAGE CORPORATION | $125,000 | $200,000 | 60.0% | 0.2% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $200,000 | n/a | 0.2% | |
| FirstTrust Home Loans, Inc. | $195,000 | n/a | 0.2% | |
| Neighborhood Loans, Inc. | $195,000 | n/a | 0.2% | |
| V.I.P. MORTGAGE, INC. | $195,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $155,000 | $190,000 | 22.6% | 0.2% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $185,000 | n/a | 0.2% | |
| FEDERATED MORTGAGE CORP. | $185,000 | n/a | 0.2% | |
| FINANCE OF AMERICA MORTGAGE LLC | $185,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $320,000 | $185,000 | -42.2% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $400,000 | $185,000 | -53.8% | 0.2% |
| The First National Bank of Tom Bean | $355,000 | $185,000 | -47.9% | 0.2% |
| American National Bank & Trust | $175,000 | n/a | 0.2% | |
| INTEGRITY MORTGAGE CORPORATION OF TEXAS | $645,000 | $175,000 | -72.9% | 0.2% |
| LEADERONE FINANCIAL CORPORATION | $175,000 | n/a | 0.2% | |
| Northpointe Bank | $175,000 | n/a | 0.2% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,870,000 | $175,000 | -90.6% | 0.2% |
| Deere Employees Credit Union | $75,000 | $165,000 | 120.0% | 0.2% |
| TEXAR | $280,000 | $165,000 | -41.1% | 0.2% |
| EECU | $245,000 | $155,000 | -36.7% | 0.2% |
| The City National Bank of Sulphur Springs | $115,000 | $155,000 | 34.8% | 0.2% |
| Commerce Home Mortgage, Inc. | $145,000 | n/a | 0.2% | |
| Network Funding, L.P. | $145,000 | n/a | 0.2% | |
| MORTGAGE FINANCIAL SERVICES, LLC | $1,140,000 | $135,000 | -88.2% | 0.2% |
| Frost Bank | $130,000 | n/a | 0.2% | |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $125,000 | n/a | 0.1% | |
| First National Bank | $115,000 | n/a | 0.1% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $115,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $115,000 | n/a | 0.1% | |
| Comerica Bank | $105,000 | n/a | 0.1% | |
| First National Bank of East Texas | $105,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $105,000 | n/a | 0.1% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $105,000 | n/a | 0.1% | |
| ACADEMY MORTGAGE CORPORATION | $195,000 | $100,000 | -48.7% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $95,000 | n/a | 0.1% | |
| ALTRA | $85,000 | n/a | 0.1% | |
| Amarillo National Bank | $85,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $75,000 | n/a | 0.1% | |
| First Financial Bank | $75,000 | n/a | 0.1% | |
| Independent Bank | $75,000 | n/a | 0.1% | |
| LONE STAR | $150,000 | $75,000 | -50.0% | 0.1% |
| State Bank of De Kalb | $45,000 | n/a | 0.1% | |
| DATCU | $35,000 | n/a | 0.0% | |
| PNC Bank | $55,000 | $35,000 | -36.4% | 0.0% |
Paris's top lender by overall market share is Farmers Bank & Trust Company, with 15.6% market share. In second place, with 7.5%, is GUARANTEED RATE, INC., having originated $6,365,000 in loans. In third place, with 7.0%, is Guaranty Bank & Trust, N.A., having originated $5,960,000 in loans. In fourth place, with 5.8%, is QUICKEN LOANS, LLC, having originated $4,915,000 in loans. In fifth place, with 3.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $2,655,000 in loans.
Paris, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 334 | $67,970,000 | $203,503 |
| Cash Out Refi | 47 | $6,995,000 | $148,830 |
| Refi | 24 | $6,450,000 | $268,750 |
| Home Improvement | 15 | $1,565,000 | $104,333 |
| Other | 13 | $1,665,000 | $128,077 |
Paris's most frequently cited loan purpose was Home Purchase, with 334 originations. The 2nd most popular reason was Cash Out Refi, with 47 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 152 | $32,000,000 | $210,526 |
| Over 8% | 112 | $18,630,000 | $166,339 |
| 7-8% | 98 | $18,900,000 | $192,857 |
| 5-6% | 50 | $10,380,000 | $207,600 |
| 4-5% | 6 | $1,410,000 | $235,000 |
| <2.5% | 5 | $25,000 | $5,000 |
| 2.5-3% | 1 | $245,000 | $245,000 |
During 2023, Paris's most frequently originated rate bucket was 6-7%, with 152 originations.
Loan Sizing (Paris, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 199 | $30,545,000 | $153,492 |
| $200k-400k | 119 | $30,645,000 | $257,521 |
| $100,000 or less | 85 | $5,535,000 | $65,118 |
| $400k-600k | 18 | $8,650,000 | $480,556 |
| $600k-1000k | 11 | $8,085,000 | $735,000 |
| $Over $1MM | 1 | $1,185,000 | $1,185,000 |
Paris's loan sizing saw the bucket of loans from $100k-200k with 199 originations, totaling $30,545,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 246 | $51,350,000 | $208,740 |
| 60-80% | 91 | $19,145,000 | $210,385 |
| 40-60% | 36 | $5,250,000 | $145,833 |
| 20-40% | 23 | $2,365,000 | $102,826 |
| Under 20% | 17 | $775,000 | $45,588 |
| Over 100% | 11 | $2,705,000 | $245,909 |
Paris's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 246 originations, totaling $51,350,000 in origination value.