MIDLAND Mortgage Rates & Closing Costs

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

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MIDLAND, TX.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
PRIMELENDING, A PLAINSCAPITAL COMPANY 131 6.91% $9,225
LRS FINANCIAL NETWORK, INC. 120 6.79% $7,227
QUICKEN LOANS, LLC 90 6.99% $8,932
DHI MORTGAGE COMPANY, LTD. 73 5.79% $4,887
ARK-LA-TEX FINANCIAL SERVICES, LLC. 63 6.85% $7,118
EVERETT FINANCIAL, INC. 57 7.18% $8,297
UNITED WHOLESALE MORTGAGE, LLC 48 6.69% $9,471
Prosperity Bank 41 6.37% $5,594
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 39 7.21% $9,437
THRIVE MORTGAGE, LLC 34 6.90% $10,790
CHEVRON 32 6.25% $2,903
JPMorgan Chase Bank 30 6.79% $6,746
Wells Fargo Bank 27 6.67% $4,300
GUARANTEED RATE AFFINITY, LLC 25 6.54% $3,379
21ST MORTGAGE CORPORATION 19 8.39% $7,680
PREMIA MORTGAGE, LLC 18 6.29% $2,875
AMCAP MORTGAGE, LTD. 16 6.69% $10,641
SECURITYNATIONAL MORTGAGE COMPANY 16 7.02% $13,793
GUARANTEED RATE, INC. 16 7.13% $8,241
SFMC, LP 15 6.57% $11,254
U.S. Bank 14 6.14% $5,002
City Bank 14 6.95% $6,589
LOANDEPOT.COM, LLC 13 7.41% $8,232
T2 FINANCIAL LLC 13 6.82% $12,563
Bank of America 13 6.50% $4,817
Nations Lending Corporation 13 6.47% $8,227
ANGEL OAK MORTGAGE SOLUTIONS LLC 11 8.45% $15,056
NATIONS RELIABLE LENDING, LLC 11 6.81% $12,694
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 6.70% $10,404
PENNYMAC LOAN SERVICES, LLC 10 6.41% $11,688
FLAT BRANCH MORTGAGE, INC. 10 6.84% $7,525
Mr. Cooper ( Nationstar Mortgage ) 9 7.12% $11,083
Gateway First Bank 8 6.86% $8,668
DIRECTIONS EQUITY, LLC 8 6.83% $3,160
BROKER SOLUTIONS, INC. 8 6.87% $8,223
PRIMARY RESIDENTIAL MORTGAGE, INC. 7 6.91% $9,083
MICHIGAN MUTUAL, INC. 6 6.35% $14,215
Flagstar Bank, FSB 6 7.21% $9,738
AMERISAVE MORTGAGE CORPORATION 6 6.54% $7,522
CMG MORTGAGE, INC. 6 6.71% $11,108
Paramount Residential Mortgage Group, Inc. 6 8.06% $8,473
American Momentum Bank 5 6.93% $6,194
CARDINAL FINANCIAL 5 7.17% $8,901
PNC Bank 5 7.00% $3,605
Citizens Bank 5 7.17% $8,589
Southwest Bank 5 6.70% $7,471
Truity Federal Credit Union 5 6.40% $6,641
CHURCHILL MORTGAGE CORPORATION 5 6.45% $7,462
NBKC BANK 4 6.59% $5,804
SIRVA MORTGAGE, INC. 4 6.69% $2,926
SOUTHWEST STAGE FUNDING, LLC 4 7.99% $11,487
GUILD MORTGAGE COMPANY 4 7.09% $10,284
SWBC MORTGAGE CORPORATION 4 6.78% $11,012
TEXAS TECH 4 6.69% $6,621
NAVY FEDERAL CREDIT UNION 3 6.75% $5,151
General Mortgage Capital Corporation 3 6.46% $6,442
GENEVA FINANCIAL, LLC 3 7.08% $13,410
HOMEXPRESS MORTGAGE CORP. 3 10.21% $6,825
LENDSURE MORTGAGE CORP. 3 8.71% $16,088
Morgan Stanley Private Bank 3 6.11% $4,407
NEWREZ LLC 3 6.92% $11,247
OCMBC, INC. 3 8.54% $23,259
Town Square Mortgage & Investments, Inc. 3 6.46% $5,523
UBS Bank USA 3 6.17% $5,395
USAA Federal Savings Bank 3 6.63% $5,939
PHH Mortgage Corporation 2 7.31% $10,853
Plains Commerce Bank 2 6.12% $7,462
PLAZA HOME MORTGAGE, INC. 2 7.13% $9,296
Sunflower Bank 2 6.25% $9,420
HOMETRUST MORTGAGE COMPANY 2 7.13% $8,584
AMERICAN FINANCING CORPORATION 2 6.69% $13,142
Ally Bank 2 5.63% $12,806
Century Mortgage Company DBA Century Lending Company 2 5.94% $13,328
INTERLINC MORTGAGE SERVICES, LLC 2 8.94% $11,736
BAY EQUITY LLC 2 5.87% $3,878
Bank of England 2 6.63% $10,627
Neighborhood Loans, Inc. 2 6.94% $7,494
Truist 2 6.38% $5,638
Network Funding, L.P. 2 6.75% $6,618
ZILLOW HOME LOANS, LLC 2 5.69% $6,349
Waterstone Mortgage Corporation 2 7.50% $13,599
NEW WAVE LENDING GROUP INC 2 9.06% $8,365
MORTGAGE ACCESS CORP. 2 6.88% $9,611
Mortgage Research Center, LLC 2 7.13% $2,459
CROSSCOUNTRY MORTGAGE, LLC 2 6.83% $10,472
JMAC LENDING, INC. 2 8.44% $15,276
ACADEMY MORTGAGE CORPORATION 2 7.38% $6,268
SECURITY SERVICE 2 6.06% $5,913
COUNTRYPLACE MORTGAGE, LTD. 2 7.50% $4,551
Kwik Mortgage Corporation 2 5.88% $4,112
LAKEVIEW LOAN SERVICING, LLC 2 7.00% $8,214
PENTAGON FEDERAL CREDIT UNION 2 6.19% $7,143
EASTMAN 2 7.50% $6,582
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.50% $3,899
NATIONS DIRECT MORTGAGE, LLC 1 6.38% $4,750
Citadel Servicing Corporation 1 10.25% $12,434
Charles Schwab Bank, SSB 1 4.75% $16,849
CASTLE & COOKE MORTGAGE, LLC 1 6.50% $7,146
NMSI, INC. 1 8.50% $10,580
North American Savings Bank, F.S.B. 1 5.88% $4,446
NTFN, INC. 1 7.50% $4,497
OAKTREE FUNDING CORP. 1 5.88% $27,389
ONY GLO, INC. 1 6.99% $6,522
CANOPY MORTGAGE, LLC 1 6.38% $9,558
CALIBER HOME LOANS, INC. 1 6.50% $5,737
BNC National Bank 1 5.88% $11,494
BETTER MORTGAGE CORPORATION 1 5.63% $2,414
BELEM SERVICING LLC 1 6.50% $6,181
PROVIDENT FUNDING ASSOCIATES, L.P. 1 7.13% $4,207
BancorpSouth 1 8.00% $6,141
Raymond James Bank 1 6.88% $3,799
RBC Bank, (Georgia) 1 6.75% $2,923
Renasant Bank 1 8.50% $6,180
ROYAL UNITED MORTGAGE LLC 1 8.13% $5,576
RUOFF MORTGAGE COMPANY, INC. 1 7.50% $2,131
SCHLUMBERGER EMPLOYEES CREDIT UNION 1 7.50% $2,796
AXIA FINANCIAL, LLC 1 6.38% $8,688
ARC HOME LLC 1 9.88% $6,624
AmeriHome Mortgage Company, LLC 1 6.88% $5,437
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.13% $8,734
American National Bank & Trust 1 7.63% $10,963
Stifel Bank and Trust 1 5.13% $2,221
Strong Home Mortgage, LLC 1 7.63% $3,726
SUCCESS MORTGAGE PARTNERS, INC. 1 6.38% $10,454
AMERICAN INTERNET MORTGAGE, INC. 1 6.25% $6,505
TEXAS TRUST 1 7.20% $5,059
The Huntington National Bank 1 6.38% $3,292
The Loan Store, Inc. 1 7.00% $3,866
Alliance Credit Union 1 6.50% $11,565
WILLOW BEND MORTGAGE COMPANY, LLC 1 6.99% $7,831
Alcova Mortgage LLC 1 5.88% $13,545
UNION HOME MORTGAGE CORP. 1 6.38% $10,579
United Community Bank 1 7.82% $6,544
ALAMEDA MORTGAGE CORPORATION 1 8.13% $6,636
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 7.50% $7,463
Equity Prime Mortgage LLC 1 7.63% $5,982
EMBRACE HOME LOANS, INC. 1 6.75% $8,135
FIRST COMMUNITY CREDIT UNION 1 5.63% $6,795
First Federal Bank 1 7.88% $21,315
First Financial Bank 1 7.63% $9,289
First National Bank of America 1 10.13% $10,048
First United Bank 1 6.38% $8,036
First United Bank and Trust Company 1 6.50% $7,976
EECU 1 7.50% $895
FREEDOM MORTGAGE CORPORATION 1 6.50% $7,520
Frost Bank 1 7.13% $1,732
GARDNER FINANCIAL SERVICES, LTD. 1 7.75% $9,453
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.38% $15,818
Zions Bank 1 6.88% $5,894
A&D Mortgage LLC 1 9.63% $8,826
GREATER TEXAS FEDERAL CREDIT UNION 1 7.38% $8,693
DAS Acquisition Company, LLC 1 7.13% $11,552
GUARANTY HOME MORTGAGE CORPORATION 1 6.00% $4,272
CORNERSTONE HOME LENDING, INC. 1 7.88% $7,896
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 9.38% $12,837
VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.88% $9,883
HSBC BANK USA, NATIONAL ASSOCIATION 1 6.51% $6,773
Independent Bank 1 6.13% $7,962
Ixonia Bank 1 7.00% $7,626
CONTOUR MORTGAGE CORPORATION 1 6.88% $7,615
VeraBank 1 5.88% $7,053
COMMUNITY MORTGAGE FUNDING, LLC 1 6.75% $9,418
Loan Simple, Inc. 1 6.50% $10,779
CLM MORTGAGE, INC 1 5.63% $6,816
MANN FINANCIAL INC. 1 6.63% $8,808
MEMBER HOME LOAN, L.L.C. 1 7.50% $7,035
CITIZENS EQUITY FIRST 1 6.88% $0
MID AMERICA MORTGAGE, INC. 1 6.88% $6,781
Victorian Finance, LLC 1 7.99% $7,053
MOVEMENT MORTGAGE, LLC 1 6.99% $14,145
Citibank 1 6.75% $11,628

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. Louis
Date 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 for 2024-10-01 was $421,725, a difference of $24,825 (6.3%) versus the prior year and $1,725 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2024-10-01 was 51 days. This is 10% longer than the same period one year ago.

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.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
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.