Jonah Bank of Wyoming Mortgage Interest Rate and Cost Review

Is Jonah Bank of Wyoming a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Jonah Bank of Wyoming with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratesimilar to average (-0.08%)
Loan Related Closing Costssimilar to average (+$95)
National Rate and Closing Cost Rating(4.0)
Websitehttps://www.jonah.bank

On average, Jonah Bank of Wyoming’s interest rates were similar to those of other lenders (-0.08%) for a comparable set of borrowers. Its average total loan related closing cost was similar to those of other lenders, with a difference of +$95. Overall, combining interest rates and closing costs we estimate that Jonah Bank of Wyoming tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 4.0 out of 5.0 stars.

Jonah Bank of Wyoming’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Jonah Bank of Wyoming was most active in:

  1. Cheyenne, WY
  2. Laramie, WY
  3. Casper, WY
  4. Fort Collins, CO
  5. Sheridan, WY

Furthermore, Jonah Bank of Wyoming is our top ranked mortgage lender in terms of interest rate and closing costs in:

  1. Cheyenne, WY, overall
  2. Laramie, WY, overall

You can click through to check out Jonah Bank of Wyoming’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Jonah Bank of Wyoming’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Jonah Bank of Wyoming originated Conforming, FHA, Jumbo and VA mortgages for new home purchases and refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

Purchase/Refinance:
New Purchase MortgagesConformingFHAJumboVA
Interest Rate Difference-0.06%-0.10%+0.00%-0.15%
Loan Related Closing Cost Difference+$232+$270+$98-$131
Cost Adjusted Rate Difference-0.05%-0.08%+0.00%-0.15%
Star Rating(3.5)(4.0)(3.5)(4.5)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference-0.06%-0.02%+0.00%-0.05%
Loan Related Closing Cost Difference-$265-$28+$47-$87
Cost Adjusted Rate Difference-0.07%-0.02%+0.00%-0.05%
Star Rating(4.0)(3.5)(3.5)(4.0)

As a summary, Jonah Bank of Wyoming is cheap for FHA and VA purchase mortgages. It is similar to other lenders for Conforming and Jumbo purchase mortgages. For refinancing, Jonah Bank of Wyoming is cheap for Conforming and VA mortgage refinance. It is similar to other lenders for FHA and Jumbo mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about Jonah Bank of Wyoming:

Registered name: Jonah Bankshares
Registered city and state: Casper, WY, 82609
Regulator: Federal Reserve System (FRS)
Top holder: JONAH BANKSHARES

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Jonah Bank of Wyoming’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.