MIDLAND Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Midland averaged
6.9%
for the week of 2024-11-14, compared to the national average of
6.78% for the same period.
The average rate for the prior week (2024-11-07) was
7.01% and
one month ago for the week of 2024-10-10, the
average rate was 6.24%.
Midland's average rate one year ago was 7.72%.
For refis of the same type during the week of 2024-11-14, the average rate
was 7.08%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-11-14 | 6.78% |
Midland 30 Year Fixed Rate | 2024-11-14 | 6.9% |
Midland 30 Year Fixed Rate Refi | 2024-11-14 | 7.08% |
Midland 15 Year Fixed Rate | 2024-11-14 | 6.23% |
Midland 15 Year Fixed Rate Refi | 2024-11-14 | 6.39% |
Midland 30 Year FHA | 2024-11-14 | 0.11% |
Midland 30 Year FHA Refi | 2024-11-14 | -0.1% |
Midland 30 Year USDA | 2024-11-14 | -0.1% |
Midland 30 Year USDA Refi | 2024-11-14 | -0.1% |
Midland 30 Year VA | 2024-11-14 | -0.1% |
Midland 30 Year VA Refi | 2024-11-14 | 0.2% |
MIDLAND 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 MIDLAND, 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.).
MIDLAND Average Closing Costs & Other Stats
MIDLAND, TX's 171 lenders originated 3,482
loans during 2023. The total origination value was $1,109,250,000, with an average loan value of
$318,567.
MIDLAND's average closing costs are $6,899.
The top MIDLAND lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with
131 loans originated. Their average total fees are
$9,225, which is $1,998
higher than the next largest lender,
LRS FINANCIAL NETWORK, INC..
The lowest fee MIDLAND lenders (with over 10 loans originated) are
PREMIA MORTGAGE, LLC ($2,875), CHEVRON ($2,903), GUARANTEED RATE AFFINITY, LLC ($3,379), Wells Fargo Bank ($4,300) and Bank of America ($4,817).
The lowest rate MIDLAND lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.79%), U.S. Bank (6.14%), CHEVRON (6.25%), PREMIA MORTGAGE, LLC (6.29%) and Prosperity Bank (6.37%).
MIDLAND, 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 |
---|---|---|---|---|
PRIMELENDING, A PLAINSCAPITAL COMPANY | $106,975,000 | $91,020,000 | -14.9% | 8.2% |
DHI MORTGAGE COMPANY, LTD. | $95,295,000 | $65,815,000 | -30.9% | 5.9% |
LRS FINANCIAL NETWORK, INC. | $94,515,000 | $62,490,000 | -33.9% | 5.6% |
GREYSTONE SERVICING COMPANY LLC | $55,145,000 | n/a | 5.0% | |
EVERETT FINANCIAL, INC. | $57,055,000 | $54,650,000 | -4.2% | 4.9% |
QUICKEN LOANS, LLC | $52,055,000 | $36,380,000 | -30.1% | 3.3% |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $4,975,000 | $35,150,000 | 606.5% | 3.2% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $75,330,000 | $33,400,000 | -55.7% | 3.0% |
Community National Bank | $43,790,000 | $33,300,000 | -24.0% | 3.0% |
UNITED WHOLESALE MORTGAGE, LLC | $15,610,000 | $29,075,000 | 86.3% | 2.6% |
Prosperity Bank | $16,220,000 | $24,110,000 | 48.6% | 2.2% |
21ST MORTGAGE CORPORATION | $14,490,000 | $23,005,000 | 58.8% | 2.1% |
THRIVE MORTGAGE, LLC | $2,220,000 | $22,780,000 | 926.1% | 2.1% |
CBRE MULTIFAMILY CAPITAL, INC. | $21,175,000 | n/a | 1.9% | |
GUARANTEED RATE, INC. | $5,900,000 | $18,190,000 | 208.3% | 1.6% |
AMCAP MORTGAGE, LTD. | $17,540,000 | $17,520,000 | -0.1% | 1.6% |
DIRECTIONS EQUITY, LLC | $4,305,000 | $15,700,000 | 264.7% | 1.4% |
SECURITYNATIONAL MORTGAGE COMPANY | $24,240,000 | $14,345,000 | -40.8% | 1.3% |
NATIONS RELIABLE LENDING, LLC | $13,690,000 | $13,670,000 | -0.1% | 1.2% |
T2 FINANCIAL LLC | $4,630,000 | $12,990,000 | 180.6% | 1.2% |
CHEVRON | $17,415,000 | $12,860,000 | -26.2% | 1.2% |
JPMorgan Chase Bank | $20,320,000 | $12,285,000 | -39.5% | 1.1% |
GUARANTEED RATE AFFINITY, LLC | $9,570,000 | $12,125,000 | 26.7% | 1.1% |
SFMC, LP | $7,195,000 | $11,640,000 | 61.8% | 1.0% |
Complex Community Federal Credit Union | $12,590,000 | $10,770,000 | -14.5% | 1.0% |
PREMIA MORTGAGE, LLC | $15,080,000 | $10,600,000 | -29.7% | 1.0% |
City Bank | $21,635,000 | $10,265,000 | -52.6% | 0.9% |
Mortgage Research Center, LLC | $8,625,000 | $10,050,000 | 16.5% | 0.9% |
CARDINAL FINANCIAL | $14,320,000 | $10,015,000 | -30.1% | 0.9% |
Wells Fargo Bank | $76,935,000 | $9,990,000 | -87.0% | 0.9% |
Nations Lending Corporation | $7,000,000 | $8,570,000 | 22.4% | 0.8% |
Southwest Bank | $14,330,000 | $8,055,000 | -43.8% | 0.7% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $7,090,000 | $7,800,000 | 10.0% | 0.7% |
Bank of America | $9,030,000 | $7,500,000 | -16.9% | 0.7% |
PENNYMAC LOAN SERVICES, LLC | $8,600,000 | $7,200,000 | -16.3% | 0.6% |
Gateway First Bank | $28,110,000 | $6,675,000 | -76.3% | 0.6% |
LOANDEPOT.COM, LLC | $11,295,000 | $6,535,000 | -42.1% | 0.6% |
Frost Bank | $9,845,000 | $6,280,000 | -36.2% | 0.6% |
FLAT BRANCH MORTGAGE, INC. | $1,445,000 | $6,075,000 | 320.4% | 0.5% |
Southern Bank | $6,005,000 | n/a | 0.5% | |
First United Bank | $605,000 | $5,795,000 | 857.9% | 0.5% |
U.S. Bank | $12,335,000 | $5,715,000 | -53.7% | 0.5% |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $3,215,000 | $5,020,000 | 56.1% | 0.5% |
SOUTHWEST STAGE FUNDING, LLC | $3,120,000 | $4,775,000 | 53.0% | 0.4% |
Mr. Cooper ( Nationstar Mortgage ) | $11,720,000 | $4,755,000 | -59.4% | 0.4% |
PLAZA HOME MORTGAGE, INC. | $725,000 | $4,575,000 | 531.0% | 0.4% |
CMG MORTGAGE, INC. | $4,285,000 | $4,150,000 | -3.2% | 0.4% |
BROKER SOLUTIONS, INC. | $5,425,000 | $4,140,000 | -23.7% | 0.4% |
My Community Credit Union | $4,065,000 | n/a | 0.4% | |
GUILD MORTGAGE COMPANY | $3,030,000 | $3,935,000 | 29.9% | 0.4% |
West Texas National Bank | $11,770,000 | $3,860,000 | -67.2% | 0.3% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $4,050,000 | $3,780,000 | -6.7% | 0.3% |
TRIAD FINANCIAL SERVICES, INC. | $3,680,000 | $3,705,000 | 0.7% | 0.3% |
HOMEXPRESS MORTGAGE CORP. | $3,675,000 | n/a | 0.3% | |
LONE STAR STATE BANK | $3,410,000 | n/a | 0.3% | |
Paramount Residential Mortgage Group, Inc. | $1,940,000 | $3,300,000 | 70.1% | 0.3% |
Waterstone Mortgage Corporation | $3,135,000 | n/a | 0.3% | |
LIMA ONE CAPITAL, LLC | $470,000 | $3,085,000 | 556.4% | 0.3% |
Truity Federal Credit Union | $4,290,000 | $2,955,000 | -31.1% | 0.3% |
American Momentum Bank | $2,020,000 | $2,945,000 | 45.8% | 0.3% |
Flagstar Bank, FSB | $5,270,000 | $2,830,000 | -46.3% | 0.3% |
TEXAS TECH | $3,415,000 | $2,825,000 | -17.3% | 0.3% |
PNC Bank | $3,595,000 | $2,740,000 | -23.8% | 0.2% |
Citizens Bank | $3,225,000 | $2,675,000 | -17.1% | 0.2% |
NAVY FEDERAL CREDIT UNION | $6,085,000 | $2,625,000 | -56.9% | 0.2% |
MORTGAGE FINANCIAL SERVICES, LLC | $875,000 | $2,595,000 | 196.6% | 0.2% |
CHURCHILL MORTGAGE CORPORATION | $3,540,000 | $2,565,000 | -27.5% | 0.2% |
NBKC BANK | $1,540,000 | $2,465,000 | 60.1% | 0.2% |
Truist | $7,120,000 | $2,445,000 | -65.7% | 0.2% |
AMERISAVE MORTGAGE CORPORATION | $3,490,000 | $2,440,000 | -30.1% | 0.2% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $4,825,000 | $2,425,000 | -49.7% | 0.2% |
USAA Federal Savings Bank | $4,585,000 | $2,370,000 | -48.3% | 0.2% |
GENEVA FINANCIAL, LLC | $645,000 | $2,255,000 | 249.6% | 0.2% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $455,000 | $2,185,000 | 380.2% | 0.2% |
SWBC MORTGAGE CORPORATION | $1,160,000 | $2,055,000 | 77.2% | 0.2% |
MICHIGAN MUTUAL, INC. | $1,975,000 | n/a | 0.2% | |
First Financial Bank | $2,860,000 | $1,885,000 | -34.1% | 0.2% |
Commerce Home Mortgage, Inc. | $1,450,000 | $1,875,000 | 29.3% | 0.2% |
NEWREZ LLC | $3,080,000 | $1,800,000 | -41.6% | 0.2% |
OCMBC, INC. | $1,710,000 | n/a | 0.2% | |
MID AMERICA MORTGAGE, INC. | $7,055,000 | $1,680,000 | -76.2% | 0.2% |
Morgan Stanley Private Bank | $3,515,000 | $1,665,000 | -52.6% | 0.2% |
CASTLE & COOKE MORTGAGE, LLC | $1,645,000 | n/a | 0.1% | |
Citibank | $690,000 | $1,625,000 | 135.5% | 0.1% |
INTERLINC MORTGAGE SERVICES, LLC | $865,000 | $1,605,000 | 85.5% | 0.1% |
CALCON MUTUAL MORTGAGE LLC | $190,000 | $1,565,000 | 723.7% | 0.1% |
FREEDOM MORTGAGE CORPORATION | $6,515,000 | $1,490,000 | -77.1% | 0.1% |
Plains Commerce Bank | $1,770,000 | $1,490,000 | -15.8% | 0.1% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $985,000 | $1,480,000 | 50.3% | 0.1% |
DAS Acquisition Company, LLC | $2,035,000 | $1,460,000 | -28.3% | 0.1% |
SIRVA MORTGAGE, INC. | $1,805,000 | $1,400,000 | -22.4% | 0.1% |
RF Renovo Management Company, LLC | $1,390,000 | n/a | 0.1% | |
Charles Schwab Bank, SSB | $505,000 | $1,365,000 | 170.3% | 0.1% |
American National Bank & Trust | $425,000 | $1,325,000 | 211.8% | 0.1% |
LENDSURE MORTGAGE CORP. | $895,000 | $1,275,000 | 42.5% | 0.1% |
Century Mortgage Company DBA Century Lending Company | $1,320,000 | $1,270,000 | -3.8% | 0.1% |
Bank of England | $165,000 | $1,235,000 | 648.5% | 0.1% |
First Southern National Bank | $1,205,000 | n/a | 0.1% | |
Sunflower Bank | $385,000 | $1,135,000 | 194.8% | 0.1% |
PENTAGON FEDERAL CREDIT UNION | $335,000 | $1,130,000 | 237.3% | 0.1% |
Town Square Mortgage & Investments, Inc. | $975,000 | $1,130,000 | 15.9% | 0.1% |
JMAC LENDING, INC. | $1,260,000 | $1,095,000 | -13.1% | 0.1% |
HOMETRUST MORTGAGE COMPANY | $305,000 | $1,035,000 | 239.3% | 0.1% |
MOVEMENT MORTGAGE, LLC | $500,000 | $1,000,000 | 100.0% | 0.1% |
AMERICAN FINANCING CORPORATION | $1,030,000 | $995,000 | -3.4% | 0.1% |
ENCORE BANK | $985,000 | n/a | 0.1% | |
American Airlines Federal Credit Union | $980,000 | n/a | 0.1% | |
UBS Bank USA | $1,505,000 | $955,000 | -36.5% | 0.1% |
PHH Mortgage Corporation | $245,000 | $950,000 | 287.8% | 0.1% |
LOANPAL, LLC | $2,750,000 | $940,000 | -65.8% | 0.1% |
CROSSCOUNTRY MORTGAGE, LLC | $3,945,000 | $925,000 | -76.6% | 0.1% |
SUCCESS MORTGAGE PARTNERS, INC. | $1,005,000 | $905,000 | -10.0% | 0.1% |
COUNTRYPLACE MORTGAGE, LTD. | $485,000 | $860,000 | 77.3% | 0.1% |
Mid-Continent Funding, Inc. | $860,000 | n/a | 0.1% | |
EASTMAN | $850,000 | n/a | 0.1% | |
UNION HOME MORTGAGE CORP. | $1,200,000 | $850,000 | -29.2% | 0.1% |
Loan Simple, Inc. | $495,000 | $835,000 | 68.7% | 0.1% |
BAY EQUITY LLC | $185,000 | $820,000 | 343.2% | 0.1% |
SECURITY SERVICE | $700,000 | $810,000 | 15.7% | 0.1% |
VeraBank | $125,000 | $805,000 | 544.0% | 0.1% |
ACADEMY MORTGAGE CORPORATION | $635,000 | $790,000 | 24.4% | 0.1% |
Western Commerce Bank | $780,000 | n/a | 0.1% | |
American State Bank | $775,000 | n/a | 0.1% | |
MORTGAGE ACCESS CORP. | $1,260,000 | $760,000 | -39.7% | 0.1% |
SCHLUMBERGER EMPLOYEES CREDIT UNION | $295,000 | $760,000 | 157.6% | 0.1% |
First Bank | $755,000 | n/a | 0.1% | |
Discover Bank | $495,000 | $740,000 | 49.5% | 0.1% |
AXIA FINANCIAL, LLC | $725,000 | n/a | 0.1% | |
OAKTREE FUNDING CORP. | $725,000 | n/a | 0.1% | |
BELEM SERVICING LLC | $720,000 | n/a | 0.1% | |
BancorpSouth | $810,000 | $700,000 | -13.6% | 0.1% |
AmeriHome Mortgage Company, LLC | $1,160,000 | $695,000 | -40.1% | 0.1% |
DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $695,000 | n/a | 0.1% | |
Alliance Credit Union | $920,000 | $680,000 | -26.1% | 0.1% |
CSL Financial, LLC | $1,670,000 | $680,000 | -59.3% | 0.1% |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $670,000 | n/a | 0.1% | |
AMERICAN INTERNET MORTGAGE, INC. | $665,000 | n/a | 0.1% | |
BancFirst | $660,000 | n/a | 0.1% | |
Zions Bank | $690,000 | $660,000 | -4.3% | 0.1% |
Broadway National Bank | $655,000 | n/a | 0.1% | |
Victorian Finance, LLC | $650,000 | n/a | 0.1% | |
Ally Bank | $1,695,000 | $640,000 | -62.2% | 0.1% |
DEEPHAVEN MORTGAGE LLC | $605,000 | n/a | 0.1% | |
ZILLOW HOME LOANS, LLC | $595,000 | n/a | 0.1% | |
First Federal Bank | $575,000 | n/a | 0.1% | |
COMMUNITY MORTGAGE FUNDING, LLC | $570,000 | n/a | 0.1% | |
NEW WAVE LENDING GROUP INC | $570,000 | n/a | 0.1% | |
NFM, INC. | $570,000 | n/a | 0.1% | |
General Mortgage Capital Corporation | $540,000 | $565,000 | 4.6% | 0.1% |
Ixonia Bank | $565,000 | n/a | 0.1% | |
Kwik Mortgage Corporation | $780,000 | $560,000 | -28.2% | 0.1% |
Neighborhood Loans, Inc. | $780,000 | $545,000 | -30.1% | 0.0% |
The First National Bank of Sonora | $535,000 | n/a | 0.0% | |
LENDINGHOME FUNDING CORPORATION | $1,495,000 | $530,000 | -64.5% | 0.0% |
CIVIC FINANCIAL SERVICES, LLC | $885,000 | $520,000 | -41.2% | 0.0% |
Alcova Mortgage LLC | $515,000 | n/a | 0.0% | |
Citadel Servicing Corporation | $175,000 | $500,000 | 185.7% | 0.0% |
CORNERSTONE HOME LENDING, INC. | $1,340,000 | $495,000 | -63.1% | 0.0% |
CENDERA BANK, N.A. | $485,000 | n/a | 0.0% | |
Colonial Savings, F.A. | $890,000 | $470,000 | -47.2% | 0.0% |
ARC HOME LLC | $465,000 | n/a | 0.0% | |
FINANCE OF AMERICA MORTGAGE LLC | $3,045,000 | $465,000 | -84.7% | 0.0% |
MUTUAL OF OMAHA MORTGAGE, INC. | $660,000 | $460,000 | -30.3% | 0.0% |
Equity Prime Mortgage LLC | $375,000 | $450,000 | 20.0% | 0.0% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,480,000 | $450,000 | -69.6% | 0.0% |
EMBRACE HOME LOANS, INC. | $445,000 | n/a | 0.0% | |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $175,000 | $445,000 | 154.3% | 0.0% |
North American Savings Bank, F.S.B. | $380,000 | $445,000 | 17.1% | 0.0% |
Strong Home Mortgage, LLC | $445,000 | n/a | 0.0% | |
WILLOW BEND MORTGAGE COMPANY, LLC | $1,130,000 | $435,000 | -61.5% | 0.0% |
HSBC BANK USA, NATIONAL ASSOCIATION | $425,000 | n/a | 0.0% | |
LAKEVIEW LOAN SERVICING, LLC | $1,685,000 | $425,000 | -74.8% | 0.0% |
Network Funding, L.P. | $1,535,000 | $420,000 | -72.6% | 0.0% |
First State Bank | $415,000 | n/a | 0.0% | |
ROYAL UNITED MORTGAGE LLC | $470,000 | $405,000 | -13.8% | 0.0% |
FIRST COMMUNITY CREDIT UNION | $395,000 | n/a | 0.0% | |
Renasant Bank | $395,000 | n/a | 0.0% | |
Texas Mortgage Lending, LLC | $395,000 | n/a | 0.0% | |
The Huntington National Bank | $1,405,000 | $380,000 | -73.0% | 0.0% |
Bell Bank | $365,000 | n/a | 0.0% | |
Centennial Bank | $12,870,000 | $365,000 | -97.2% | 0.0% |
Stifel Bank and Trust | $545,000 | $365,000 | -33.0% | 0.0% |
Farmers Bank & Trust Company | $355,000 | n/a | 0.0% | |
First National Bank Texas | $420,000 | $355,000 | -15.5% | 0.0% |
PROVIDENT FUNDING ASSOCIATES, L.P. | $870,000 | $355,000 | -59.2% | 0.0% |
The Federal Savings Bank | $355,000 | n/a | 0.0% | |
CALIBER HOME LOANS, INC. | $6,385,000 | $345,000 | -94.6% | 0.0% |
First United Bank and Trust Company | $1,765,000 | $345,000 | -80.5% | 0.0% |
OPEN MORTGAGE, LLC | $550,000 | $345,000 | -37.3% | 0.0% |
NATIONS DIRECT MORTGAGE, LLC | $1,590,000 | $340,000 | -78.6% | 0.0% |
Raymond James Bank | $2,115,000 | $335,000 | -84.2% | 0.0% |
SUN WEST MORTGAGE COMPANY, INC. | $325,000 | $335,000 | 3.1% | 0.0% |
The Bank & Trust | $335,000 | n/a | 0.0% | |
FIRST MORTGAGE COMPANY, INC. | $330,000 | n/a | 0.0% | |
ALAMEDA MORTGAGE CORPORATION | $325,000 | n/a | 0.0% | |
CLM MORTGAGE, INC | $605,000 | $325,000 | -46.3% | 0.0% |
Citizens State Bank | $315,000 | n/a | 0.0% | |
Credit Union of Texas | $530,000 | $315,000 | -40.6% | 0.0% |
Farmers Bank & Trust | $315,000 | n/a | 0.0% | |
GARDNER FINANCIAL SERVICES, LTD. | $315,000 | n/a | 0.0% | |
International Bank of Commerce | $215,000 | $310,000 | 44.2% | 0.0% |
SeaTrust Mortgage Company | $305,000 | n/a | 0.0% | |
A&D Mortgage LLC | $310,000 | $300,000 | -3.2% | 0.0% |
CANOPY MORTGAGE, LLC | $295,000 | n/a | 0.0% | |
Great Plains National Bank | $495,000 | $295,000 | -40.4% | 0.0% |
HOME FUNDING CORPORATION | $295,000 | n/a | 0.0% | |
HOMESIDE FINANCIAL, LLC | $1,175,000 | $295,000 | -74.9% | 0.0% |
Independent Bank | $205,000 | $295,000 | 43.9% | 0.0% |
TEXAS TRUST | $295,000 | n/a | 0.0% | |
BMO Harris Bank | $125,000 | $285,000 | 128.0% | 0.0% |
MANN FINANCIAL INC. | $285,000 | n/a | 0.0% | |
First American Bank | $275,000 | n/a | 0.0% | |
FirstBank Southwest | $275,000 | n/a | 0.0% | |
RESIDENTIAL BANCORP | $275,000 | n/a | 0.0% | |
BETTER MORTGAGE CORPORATION | $5,630,000 | $265,000 | -95.3% | 0.0% |
PACIFIC RESIDENTIAL MORTGAGE, LLC | $265,000 | n/a | 0.0% | |
Stockmens Bank | $265,000 | n/a | 0.0% | |
BNC National Bank | $315,000 | $255,000 | -19.0% | 0.0% |
CREDIT HUMAN FEDERAL CREDIT UNION | $590,000 | $255,000 | -56.8% | 0.0% |
United Community Bank | $170,000 | $250,000 | 47.1% | 0.0% |
S1L, Inc. | $245,000 | $245,000 | 0.0% | 0.0% |
FINANCE OF AMERICA REVERSE LLC | $280,000 | $240,000 | -14.3% | 0.0% |
GREATER TEXAS FEDERAL CREDIT UNION | $240,000 | n/a | 0.0% | |
AMWEST FUNDING CORP. | $235,000 | n/a | 0.0% | |
CITIZENS EQUITY FIRST | $225,000 | n/a | 0.0% | |
NTFN, INC. | $680,000 | $225,000 | -66.9% | 0.0% |
AMERICAN FINANCIAL NETWORK, INC. | $215,000 | n/a | 0.0% | |
NMSI, INC. | $215,000 | n/a | 0.0% | |
STOCKTON MORTGAGE CORPORATION | $215,000 | n/a | 0.0% | |
V.I.P. MORTGAGE, INC. | $115,000 | $215,000 | 87.0% | 0.0% |
Commercial Bank & Trust Co. | $205,000 | n/a | 0.0% | |
First National Bank of Evant | $205,000 | n/a | 0.0% | |
Midwest Mortgage Associates Corporation | $205,000 | n/a | 0.0% | |
First National Bank of America | $125,000 | $195,000 | 56.0% | 0.0% |
MEMBER HOME LOAN, L.L.C. | $195,000 | n/a | 0.0% | |
ONY GLO, INC. | $195,000 | n/a | 0.0% | |
RUOFF MORTGAGE COMPANY, INC. | $265,000 | $195,000 | -26.4% | 0.0% |
RBC Bank, (Georgia) | $1,835,000 | $185,000 | -89.9% | 0.0% |
DOMINION FINANCIAL SERVICES, LLC | $175,000 | n/a | 0.0% | |
UBank | $175,000 | n/a | 0.0% | |
Carrington Mortgage Services, LLC | $445,000 | $165,000 | -62.9% | 0.0% |
CONTOUR MORTGAGE CORPORATION | $265,000 | $165,000 | -37.7% | 0.0% |
RANDOLPH-BROOKS | $675,000 | $165,000 | -75.6% | 0.0% |
H E B | $140,000 | n/a | 0.0% | |
Amarillo National Bank | $905,000 | $135,000 | -85.1% | 0.0% |
FirstBank | $175,000 | $125,000 | -28.6% | 0.0% |
GUARANTY HOME MORTGAGE CORPORATION | $115,000 | n/a | 0.0% | |
LENDINGONE, LLC | $115,000 | n/a | 0.0% | |
AMERICAN HERITAGE LENDING, INC. | $105,000 | n/a | 0.0% | |
EECU | $105,000 | n/a | 0.0% | |
ABILENE TEACHERS Federal Credit Union | $95,000 | n/a | 0.0% | |
The Loan Store, Inc. | $95,000 | n/a | 0.0% | |
CERTIFIED FUNDING, L.P. | $575,000 | $75,000 | -87.0% | 0.0% |
CHERRY CREEK MORTGAGE, LLC | $1,045,000 | $75,000 | -92.8% | 0.0% |
EDUCATION FIRST | $65,000 | n/a | 0.0% | |
JSC | $65,000 | n/a | 0.0% | |
SPRING EQ, LLC | $210,000 | $65,000 | -69.0% | 0.0% |
GECU | $35,000 | n/a | 0.0% | |
LIBERTYONE Credit Union | $35,000 | $35,000 | 0.0% | 0.0% |
MIDLAND's top lender by overall market share is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 8.2% market share. In second place, with 5.9%, is DHI MORTGAGE COMPANY, LTD., having originated $65,815,000 in loans. In third place, with 5.6%, is LRS FINANCIAL NETWORK, INC., having originated $62,490,000 in loans. In fourth place, with 5.0%, is GREYSTONE SERVICING COMPANY LLC, having originated $55,145,000 in loans. In fifth place, with 4.9%, is EVERETT FINANCIAL, INC., having originated $54,650,000 in loans.
MIDLAND Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - MIDLAND (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $325,000 (30.0%) | $405,687 (23.2%) | 1.20 | 275 |
2018-02-01 | $346,700 (33.6%) | $477,639 (38.6%) | 1.26 | 258 |
2018-03-01 | $399,000 (43.0%) | $541,274 (49.0%) | 1.40 | 227 |
2018-04-01 | $366,825 (22.3%) | $525,930 (36.6%) | 1.24 | 244 |
2018-05-01 | $378,750 (31.5%) | $543,953 (48.1%) | 1.26 | 265 |
2018-06-01 | $360,000 (25.9%) | $520,583 (42.3%) | 1.20 | 312 |
2018-07-01 | $362,450 (25.0%) | $510,589 (38.9%) | 1.21 | 377 |
2018-08-01 | $356,000 (21.7%) | $496,171 (36.7%) | 1.19 | 400 |
2018-09-01 | $359,900 (22.0%) | $498,830 (34.4%) | 1.21 | 398 |
2018-10-01 | $372,500 (20.2%) | $506,553 (31.4%) | 1.26 | 401 |
2018-11-01 | $372,225 (19.2%) | $497,633 (26.5%) | 1.26 | 415 |
2018-12-01 | $359,950 (10.8%) | $497,080 (23.9%) | 1.24 | 376 |
2019-01-01 | $359,225 (10.5%) | $491,512 (21.2%) | 1.24 | 360 |
2019-02-01 | $359,950 (3.8%) | $496,544 (4.0%) | 1.22 | 352 |
2019-03-01 | $369,371 (-7.4%) | $487,957 (-9.9%) | 1.21 | 348 |
2019-04-01 | $390,950 (6.6%) | $501,284 (-4.7%) | 1.24 | 354 |
2019-05-01 | $413,200 (9.1%) | $509,093 (-6.4%) | 1.29 | 409 |
2019-06-01 | $399,900 (11.1%) | $478,307 (-8.1%) | 1.25 | 473 |
2019-07-01 | $399,450 (10.2%) | $480,480 (-5.9%) | 1.25 | 516 |
2019-08-01 | $394,473 (10.8%) | $469,004 (-5.5%) | 1.25 | 577 |
2019-09-01 | $386,332 (7.3%) | $451,859 (-9.4%) | 1.24 | 630 |
2019-10-01 | $379,850 (2.0%) | $437,748 (-13.6%) | 1.23 | 679 |
2019-11-01 | $370,000 (-0.6%) | $427,804 (-14.0%) | 1.21 | 666 |
2019-12-01 | $369,000 (2.5%) | $428,602 (-13.8%) | 1.23 | 602 |
2020-01-01 | $370,093 (3.0%) | $431,398 (-12.2%) | 1.24 | 575 |
2020-02-01 | $384,900 (6.9%) | $450,219 (-9.3%) | 1.26 | 559 |
2020-03-01 | $387,625 (4.9%) | $452,975 (-7.2%) | 1.22 | 633 |
2020-04-01 | $369,950 (-5.4%) | $435,024 (-13.2%) | 1.16 | 733 |
2020-05-01 | $359,999 (-12.9%) | $433,472 (-14.9%) | 1.09 | 837 |
2020-06-01 | $350,000 (-12.5%) | $429,276 (-10.3%) | 1.03 | 850 |
2020-07-01 | $342,500 (-14.3%) | $410,876 (-14.5%) | 0.99 | 875 |
2020-08-01 | $329,950 (-16.4%) | $405,857 (-13.5%) | 0.95 | 872 |
2020-09-01 | $331,500 (-14.2%) | $410,062 (-9.3%) | 0.95 | 824 |
2020-10-01 | $329,000 (-13.4%) | $403,374 (-7.9%) | 0.94 | 787 |
2020-11-01 | $329,675 (-10.9%) | $400,897 (-6.3%) | 0.96 | 801 |
2020-12-01 | $328,000 (-11.1%) | $401,776 (-6.3%) | 0.98 | 784 |
2021-01-01 | $325,000 (-12.2%) | $401,446 (-6.9%) | 0.97 | 755 |
2021-02-01 | $324,900 (-15.6%) | $410,628 (-8.8%) | 0.95 | 771 |
2021-03-01 | $324,000 (-16.4%) | $418,176 (-7.7%) | 0.92 | 741 |
2021-04-01 | $326,663 (-11.7%) | $428,448 (-1.5%) | 0.88 | 678 |
2021-05-01 | $333,000 (-7.5%) | $428,417 (-1.2%) | 0.88 | 640 |
2021-06-01 | $329,350 (-5.9%) | $425,168 (-1.0%) | 0.87 | 656 |
2021-07-01 | $338,000 (-1.3%) | $417,915 (1.7%) | 0.89 | 695 |
2021-08-01 | $335,385 (1.7%) | $413,803 (2.0%) | 0.89 | 712 |
2021-09-01 | $329,000 (-0.8%) | $410,178 (0.0%) | 0.88 | 694 |
2021-10-01 | $325,000 (-1.2%) | $402,923 (-0.1%) | 0.87 | 696 |
2021-11-01 | $325,000 (-1.4%) | $391,480 (-2.4%) | 0.87 | 671 |
2021-12-01 | $325,000 (-0.9%) | $384,481 (-4.3%) | 0.88 | 627 |
2022-01-01 | $325,000 (0.0%) | $384,062 (-4.3%) | 0.88 | 562 |
2022-02-01 | $325,000 (0.0%) | $380,400 (-7.4%) | 0.85 | 493 |
2022-03-01 | $330,000 (1.9%) | $395,379 (-5.5%) | 0.83 | 452 |
2022-04-01 | $340,030 (4.1%) | $419,008 (-2.2%) | 0.81 | 493 |
2022-05-01 | $342,258 (2.8%) | $425,370 (-0.7%) | 0.78 | 524 |
2022-06-01 | $350,000 (6.3%) | $426,296 (0.3%) | 0.78 | 556 |
2022-07-01 | $345,523 (2.2%) | $418,264 (0.1%) | 0.78 | 615 |
2022-08-01 | $340,000 (1.4%) | $411,807 (-0.5%) | 0.79 | 639 |
2022-09-01 | $349,375 (6.2%) | $418,406 (2.0%) | 0.82 | 656 |
2022-10-01 | $355,000 (9.2%) | $434,982 (8.0%) | 0.84 | 654 |
2022-11-01 | $351,725 (8.2%) | $433,685 (10.8%) | 0.85 | 659 |
2022-12-01 | $360,000 (10.8%) | $437,602 (13.8%) | 0.89 | 591 |
2023-01-01 | $364,625 (12.2%) | $434,677 (13.2%) | 0.90 | 507 |
2023-02-01 | $366,500 (12.8%) | $438,414 (15.3%) | 0.88 | 451 |
2023-03-01 | $399,250 (21.0%) | $486,471 (23.0%) | 0.94 | 426 |
2023-04-01 | $409,000 (20.3%) | $510,720 (21.9%) | 0.95 | 417 |
2023-05-01 | $405,000 (18.3%) | $520,495 (22.4%) | 0.92 | 430 |
2023-06-01 | $400,313 (14.4%) | $510,773 (19.8%) | 0.90 | 450 |
2023-07-01 | $409,900 (18.6%) | $527,284 (26.1%) | 0.93 | 471 |
2023-08-01 | $399,925 (17.6%) | $525,564 (27.6%) | 0.92 | 475 |
2023-09-01 | $399,900 (14.5%) | $512,702 (22.5%) | 0.93 | 493 |
2023-10-01 | $396,900 (11.8%) | $492,577 (13.2%) | 0.93 | 501 |
2023-11-01 | $392,000 (11.5%) | $487,183 (12.3%) | 0.93 | 506 |
2023-12-01 | $389,000 (8.1%) | $492,181 (12.5%) | 0.95 | 484 |
2024-01-01 | $389,995 (7.0%) | $501,625 (15.4%) | 0.95 | 451 |
2024-02-01 | $405,148 (10.6%) | $551,864 (25.9%) | 0.98 | 435 |
2024-03-01 | $420,995 (5.5%) | $577,136 (18.6%) | 0.99 | 413 |
2024-04-01 | $434,245 (6.2%) | $578,108 (13.2%) | 1.01 | 447 |
2024-05-01 | $450,000 (11.1%) | $571,353 (9.8%) | 1.02 | 483 |
2024-06-01 | $450,000 (12.4%) | $580,703 (13.7%) | 1.01 | 524 |
2024-07-01 | $445,000 (8.6%) | $574,930 (9.0%) | 1.02 | 550 |
2024-08-01 | $430,000 (7.5%) | $561,392 (6.8%) | 1.00 | 551 |
2024-09-01 | $420,000 (5.0%) | $551,668 (7.6%) | 0.99 | 544 |
2024-10-01 | $421,725 (6.3%) | $561,883 (14.1%) | 0.99 | 549 |
MIDLAND's median listing price comes in at 99% of the national average.
MIDLAND's average listing price for 2024-10-01 was $561,883, a difference of $69,306 (14.1%) versus the prior year and $10,215 versus the prior month.
For the 2024-10-01 period, MIDLAND had 549 MLS listings, a difference of 5 listings (1%) versus the prior month and 48 listings (10%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - MIDLAND (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 55 days | 2,371 sqft |
2018-02-01 | 34 days | 2,441 sqft |
2018-03-01 | 33 days | 2,686 sqft |
2018-04-01 | 28 days | 2,523 sqft |
2018-05-01 | 26 days | 2,594 sqft |
2018-06-01 | 26 days | 2,506 sqft |
2018-07-01 | 29 days | 2,494 sqft |
2018-08-01 | 34 days | 2,457 sqft |
2018-09-01 | 43 days | 2,454 sqft |
2018-10-01 | 40 days | 2,476 sqft |
2018-11-01 | 43 days | 2,512 sqft |
2018-12-01 | 51 days | 2,481 sqft |
2019-01-01 | 49 days | 2,390 sqft |
2019-02-01 | 42 days | 2,391 sqft |
2019-03-01 | 39 days | 2,455 sqft |
2019-04-01 | 34 days | 2,530 sqft |
2019-05-01 | 32 days | 2,590 sqft |
2019-06-01 | 35 days | 2,562 sqft |
2019-07-01 | 38 days | 2,504 sqft |
2019-08-01 | 38 days | 2,475 sqft |
2019-09-01 | 40 days | 2,432 sqft |
2019-10-01 | 42 days | 2,401 sqft |
2019-11-01 | 49 days | 2,357 sqft |
2019-12-01 | 60 days | 2,343 sqft |
2020-01-01 | 62 days | 2,395 sqft |
2020-02-01 | 40 days | 2,442 sqft |
2020-03-01 | 42 days | 2,431 sqft |
2020-04-01 | 46 days | 2,355 sqft |
2020-05-01 | 51 days | 2,349 sqft |
2020-06-01 | 51 days | 2,328 sqft |
2020-07-01 | 51 days | 2,289 sqft |
2020-08-01 | 51 days | 2,240 sqft |
2020-09-01 | 57 days | 2,248 sqft |
2020-10-01 | 58 days | 2,221 sqft |
2020-11-01 | 59 days | 2,209 sqft |
2020-12-01 | 60 days | 2,207 sqft |
2021-01-01 | 60 days | 2,182 sqft |
2021-02-01 | 49 days | 2,185 sqft |
2021-03-01 | 53 days | 2,153 sqft |
2021-04-01 | 48 days | 2,170 sqft |
2021-05-01 | 51 days | 2,171 sqft |
2021-06-01 | 44 days | 2,171 sqft |
2021-07-01 | 38 days | 2,159 sqft |
2021-08-01 | 45 days | 2,168 sqft |
2021-09-01 | 52 days | 2,141 sqft |
2021-10-01 | 46 days | 2,100 sqft |
2021-11-01 | 47 days | 2,067 sqft |
2021-12-01 | 59 days | 2,073 sqft |
2022-01-01 | 64 days | 2,050 sqft |
2022-02-01 | 49 days | 2,017 sqft |
2022-03-01 | 42 days | 2,043 sqft |
2022-04-01 | 33 days | 2,085 sqft |
2022-05-01 | 38 days | 2,114 sqft |
2022-06-01 | 37 days | 2,171 sqft |
2022-07-01 | 38 days | 2,185 sqft |
2022-08-01 | 43 days | 2,133 sqft |
2022-09-01 | 47 days | 2,147 sqft |
2022-10-01 | 50 days | 2,148 sqft |
2022-11-01 | 50 days | 2,150 sqft |
2022-12-01 | 62 days | 2,240 sqft |
2023-01-01 | 68 days | 2,233 sqft |
2023-02-01 | 45 days | 2,251 sqft |
2023-03-01 | 45 days | 2,403 sqft |
2023-04-01 | 41 days | 2,422 sqft |
2023-05-01 | 39 days | 2,455 sqft |
2023-06-01 | 42 days | 2,419 sqft |
2023-07-01 | 38 days | 2,435 sqft |
2023-08-01 | 41 days | 2,359 sqft |
2023-09-01 | 43 days | 2,367 sqft |
2023-10-01 | 46 days | 2,306 sqft |
2023-11-01 | 48 days | 2,302 sqft |
2023-12-01 | 54 days | 2,257 sqft |
2024-01-01 | 65 days | 2,247 sqft |
2024-02-01 | 44 days | 2,267 sqft |
2024-03-01 | 43 days | 2,369 sqft |
2024-04-01 | 44 days | 2,467 sqft |
2024-05-01 | 39 days | 2,507 sqft |
2024-06-01 | 40 days | 2,518 sqft |
2024-07-01 | 45 days | 2,514 sqft |
2024-08-01 | 50 days | 2,450 sqft |
2024-09-01 | 48 days | 2,385 sqft |
2024-10-01 | 51 days | 2,387 sqft |
MIDLAND's median square footage for active listings during the 2024-10-01 period was 2,387 sqft. One year prior, the average listing was 2,306 sqft.
MIDLAND, TX Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
---|---|---|---|---|---|---|
79701 | Midland, TX HUD Metro FMR Area | $1,050 | $1,050 | $1,290 | $1,600 | $2,210 |
79702 | Midland, TX HUD Metro FMR Area | $1,110 | $1,120 | $1,330 | $1,680 | $2,270 |
79703 | Midland, TX HUD Metro FMR Area | $1,240 | $1,240 | $1,480 | $1,870 | $2,520 |
79704 | Midland, TX HUD Metro FMR Area | $1,110 | $1,120 | $1,330 | $1,680 | $2,270 |
79705 | Midland, TX HUD Metro FMR Area | $1,140 | $1,140 | $1,360 | $1,720 | $2,320 |
79706 | Midland, TX HUD Metro FMR Area | $1,060 | $1,070 | $1,290 | $1,610 | $2,210 |
79707 | Midland, TX HUD Metro FMR Area | $1,130 | $1,130 | $1,350 | $1,710 | $2,300 |
79708 | Midland, TX HUD Metro FMR Area | $1,110 | $1,120 | $1,330 | $1,680 | $2,270 |
79710 | Midland, TX HUD Metro FMR Area | $1,110 | $1,120 | $1,330 | $1,680 | $2,270 |
79712 | Midland, TX HUD Metro FMR Area | $1,110 | $1,120 | $1,330 | $1,680 | $2,270 |
79758 | Midland, TX HUD Metro FMR Area | $1,050 | $1,050 | $1,290 | $1,600 | $2,210 |
79765 | Midland, TX HUD Metro FMR Area | $1,230 | $1,240 | $1,580 | $1,950 | $2,340 |
79766 | Midland, TX HUD Metro FMR Area | $1,050 | $1,050 | $1,290 | $1,600 | $2,210 |
79782 | Midland, TX HUD Metro FMR Area | $1,050 | $1,050 | $1,290 | $1,600 | $2,210 |
2022 Average & Median Rent Data Statistics
MIDLAND, TX average 1BR rent: $1,116, median: $1,120
MIDLAND, TX average 2BR rent: $1,348, median: $1,330
MIDLAND, TX average 3BR rent: $1,690, median: $1,680
MIDLAND, TX Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 3,150 | $975,830,000 | $309,787 |
Cash Out Refi | 123 | $35,975,000 | $292,480 |
Home Improvement | 79 | $9,455,000 | $119,684 |
Refi | 73 | $78,685,000 | $1,077,877 |
Other | 57 | $9,305,000 | $163,246 |
Midland's most frequently cited loan purpose was Home Purchase, with 3,150 originations. The 2nd most popular reason was Cash Out Refi, with 123 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 1,258 | $410,570,000 | $326,367 |
7-8% | 863 | $257,375,000 | $298,233 |
5-6% | 548 | $206,630,000 | $377,062 |
Over 8% | 471 | $96,285,000 | $204,427 |
<2.5% | 75 | $795,000 | $10,600 |
4-5% | 45 | $15,955,000 | $354,556 |
2.5-3% | 8 | $1,890,000 | $236,250 |
3-4% | 3 | $805,000 | $268,333 |
During 2023, Midland's most frequently originated rate bucket was 6-7%, with 1,258 originations.
Loan Sizing (MIDLAND, TX MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 1,980 | $570,760,000 | $288,263 |
$100k-200k | 599 | $93,555,000 | $156,185 |
$400k-600k | 460 | $218,270,000 | $474,500 |
$100,000 or less | 285 | $15,045,000 | $52,789 |
$600k-1000k | 129 | $93,265,000 | $722,984 |
$Over $1MM | 29 | $118,355,000 | $4,081,207 |
MIDLAND's loan sizing saw the bucket of loans from $200k-400k with 1,980 originations, totaling $570,760,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 2,262 | $686,820,000 | $303,634 |
60-80% | 549 | $255,175,000 | $464,800 |
40-60% | 169 | $51,055,000 | $302,101 |
Under 20% | 129 | $12,825,000 | $99,419 |
20-40% | 100 | $16,730,000 | $167,300 |
Over 100% | 53 | $19,455,000 | $367,075 |
MIDLAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,262 originations, totaling $686,820,000 in origination value.