WICHITA FALLS Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Wichita Falls averaged 7.06% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

    The average rate for the prior week (2024-04-04) was 7% and one month ago for the week of 2024-03-07, the average rate was 6.86%.

    Wichita Falls's average rate one year ago was 6.56%.

    For refis of the same type during the week of 2024-04-11, the average rate was 6.88%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-11 6.88%
    Wichita Falls 30 Year Fixed Rate 2024-04-11 7.06%
    Wichita Falls 30 Year Fixed Rate Refi 2024-04-11 6.88%
    Wichita Falls 15 Year Fixed Rate 2024-04-11 7.92%
    Wichita Falls 15 Year Fixed Rate Refi 2024-04-11 6.76%
    Wichita Falls 30 Year FHA 2024-04-11 6.5%
    Wichita Falls 30 Year FHA Refi 2024-04-11 6.64%
    Wichita Falls 30 Year USDA 2024-04-11 6.51%
    Wichita Falls 30 Year USDA Refi 2024-04-11 6.51%
    Wichita Falls 30 Year VA 2024-04-11 6.49%
    Wichita Falls 30 Year VA Refi 2024-04-11 6.47%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within WICHITA FALLS, TX.

    WICHITA FALLS 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 WICHITA FALLS, 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
    American National Bank & Trust 130 6.65% $3,580
    UNION SQUARE 116 6.82% $3,905
    FLAT BRANCH MORTGAGE, INC. 78 6.86% $4,450
    QUICKEN LOANS, LLC 51 7.16% $5,595
    First Bank 44 6.80% $5,590
    TEXOMA COMMUNITY CREDIT UNION 42 8.58% $2,914
    UNITED WHOLESALE MORTGAGE, LLC 19 6.99% $7,033
    PRIMELENDING, A PLAINSCAPITAL COMPANY 16 6.80% $6,732
    Wells Fargo Bank 12 7.08% $3,922
    Prosperity Bank 10 6.65% $3,629
    JPMorgan Chase Bank 8 7.28% $4,540
    First National Bank 7 6.44% $7,480
    THRIVE MORTGAGE, LLC 7 7.00% $4,161
    First United Bank 7 6.80% $6,741
    Mr. Cooper ( Nationstar Mortgage ) 6 6.91% $8,140
    GUILD MORTGAGE COMPANY 6 6.77% $6,541
    Flagstar Bank, FSB 6 6.79% $7,461
    AMERISAVE MORTGAGE CORPORATION 4 7.31% $5,122
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.93% $6,484
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 7.16% $5,894
    BETTER MORTGAGE CORPORATION 4 6.31% $4,353
    MOVEMENT MORTGAGE, LLC 4 6.64% $7,027
    LOANPEOPLE, LLC 4 7.09% $10,260
    Discover Bank 3 7.52% $0
    CARDINAL FINANCIAL 3 6.91% $7,574
    LOANDEPOT.COM, LLC 3 6.99% $5,655
    ROYAL UNITED MORTGAGE LLC 3 7.42% $7,142
    Morgan Stanley Private Bank 2 5.55% $8,938
    MORTGAGE ACCESS CORP. 2 7.37% $5,677
    SWBC MORTGAGE CORPORATION 2 7.13% $5,548
    NEWREZ LLC 2 6.93% $5,922
    NexBank 2 7.44% $10,098
    First United Bank and Trust Company 2 7.31% $3,832
    PENNYMAC LOAN SERVICES, LLC 2 7.31% $6,888
    AMCAP MORTGAGE, LTD. 2 6.25% $7,049
    Mortgage Research Center, LLC 2 5.69% $4,457
    USAA Federal Savings Bank 2 5.94% $10,108
    LOANPAL, LLC 2 7.25% $7,525
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.69% $9,309
    CMG MORTGAGE, INC. 2 6.38% $10,976
    GUARANTEED RATE, INC. 2 6.53% $4,435
    FREEDOM MORTGAGE CORPORATION 2 7.19% $7,262
    LAKEVIEW LOAN SERVICING, LLC 2 7.31% $7,636
    MICHIGAN MUTUAL, INC. 1 6.99% $4,826
    MK LENDING CORP. 1 7.38% $6,895
    MORTGAGE FINANCIAL SERVICES, LLC 1 7.38% $5,352
    Carrington Mortgage Services, LLC 1 7.13% $6,436
    BROKER SOLUTIONS, INC. 1 7.50% $11,626
    Nations Lending Corporation 1 7.38% $4,916
    NAVY ARMY COMMUNITY CREDIT UNION 1 6.38% $2,378
    NAVY FEDERAL CREDIT UNION 1 5.38% $5,180
    NBH Bank 1 6.38% $1,482
    NBKC BANK 1 6.88% $5,284
    Network Funding, L.P. 1 7.00% $6,986
    NMSI, INC. 1 8.00% $5,322
    PHH Mortgage Corporation 1 7.49% $5,092
    Pinnacle Bank 1 5.88% $6,483
    BOKF 1 6.13% $4,371
    Bank of America 1 5.63% $0
    Arvest Bank 1 6.75% $6,368
    Regions Bank 1 5.25% $8,989
    WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION 1 5.50% $4,793
    SECURITYNATIONAL MORTGAGE COMPANY 1 7.38% $6,315
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.00% $4,877
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 7.49% $3,538
    The Huntington National Bank 1 7.88% $4,783
    The Loan Store, Inc. 1 6.88% $5,347
    American Mortgage & Equity Consultants, Inc. 1 6.25% $4,705
    Ally Bank 1 7.38% $2,053
    U.S. Bank 1 6.75% $4,357
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.99% $6,510
    Washington Federal Bank 1 6.63% $2,987
    Waterstone Mortgage Corporation 1 6.88% $12,524
    Farmers Bank & Trust 1 6.00% $7,050
    Extraco Banks 1 6.88% $5,428
    Fifth Third Bank 1 8.63% $6,251
    FirstBank 1 7.13% $4,121
    A&D Mortgage LLC 1 9.63% $14,851
    DAS Acquisition Company, LLC 1 7.63% $4,032
    Colonial Savings, F.A. 1 6.13% $6,220
    GARDNER FINANCIAL SERVICES, LTD. 1 8.75% $6,771
    Gateway First Bank 1 7.13% $9,626
    City Bank 1 7.00% $7,540
    GULF COAST EDUCATORS FEDERAL CREDIT UNION 1 6.25% $3,110
    HOMESIDE FINANCIAL, LLC 1 7.50% $6,649
    InterBank 1 6.38% $1,641
    Citibank 1 7.50% $4,964
    Affiliated Bank 1 7.25% $4,102
    Century Mortgage Company DBA Century Lending Company 1 9.25% $8,706
    Loan Simple, Inc. 1 7.13% $6,703
    MEMBER FIRST MORTGAGE, LLC 1 6.75% $3,811

    WICHITA FALLS Average Closing Costs & Other Stats

    WICHITA FALLS, TX's 91 lenders originated 2,326 loans during 2023. The total origination value was $457,460,000, with an average loan value of $196,672.

    WICHITA FALLS's average closing costs are $4,939.

    The top WICHITA FALLS lender as defined by loan originations is American National Bank & Trust, with 130 loans originated. Their average total fees are $3,580, which is $325 lower than the next largest lender, UNION SQUARE.

    The lowest fee WICHITA FALLS lenders (with over 10 loans originated) are TEXOMA COMMUNITY CREDIT UNION ($2,914), American National Bank & Trust ($3,580), Prosperity Bank ($3,629), UNION SQUARE ($3,905) and Wells Fargo Bank ($3,922).

    The lowest rate WICHITA FALLS lenders (with over 10 loans originated) are Prosperity Bank (6.65%), American National Bank & Trust (6.65%), First Bank (6.80%), PRIMELENDING, A PLAINSCAPITAL COMPANY (6.80%) and UNION SQUARE (6.82%).

    WICHITA FALLS, 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
    UNION SQUARE $69,105,000 $62,570,000 -9.5% 13.7%
    American National Bank & Trust $59,845,000 $51,585,000 -13.8% 11.3%
    FLAT BRANCH MORTGAGE, INC. $40,535,000 $34,440,000 -15.0% 7.5%
    The Jacksboro National Bank $25,180,000 $21,545,000 -14.4% 4.7%
    Mortgage Research Center, LLC $27,280,000 $20,935,000 -23.3% 4.6%
    GREYSTONE FUNDING COMPANY LLC $19,200,000 n/a 4.2%
    First Bank $26,805,000 $19,120,000 -28.7% 4.2%
    Fidelity Bank $18,110,000 n/a 4.0%
    TEXOMA COMMUNITY CREDIT UNION $17,905,000 $15,695,000 -12.3% 3.4%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $16,770,000 $14,895,000 -11.2% 3.3%
    QUICKEN LOANS, LLC $13,860,000 $11,770,000 -15.1% 2.6%
    UNITED WHOLESALE MORTGAGE, LLC $11,135,000 $8,660,000 -22.2% 1.9%
    USAA Federal Savings Bank $8,610,000 $7,650,000 -11.1% 1.7%
    NAVY FEDERAL CREDIT UNION $5,925,000 $6,615,000 11.6% 1.4%
    First National Bank $14,005,000 $6,425,000 -54.1% 1.4%
    THRIVE MORTGAGE, LLC $250,000 $5,185,000 1,974.0% 1.1%
    Prosperity Bank $220,000 $4,960,000 2,154.5% 1.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,460,000 $4,600,000 3.1% 1.0%
    WICHITA FALLS TEACHERS FEDERAL CREDIT UNION $3,875,000 n/a 0.8%
    Legend Bank, N.A. $2,235,000 $3,670,000 64.2% 0.8%
    CARDINAL FINANCIAL $3,985,000 $3,635,000 -8.8% 0.8%
    First United Bank $4,440,000 $3,540,000 -20.3% 0.8%
    CMG MORTGAGE, INC. $1,175,000 $3,395,000 188.9% 0.7%
    MOVEMENT MORTGAGE, LLC $5,265,000 $3,315,000 -37.0% 0.7%
    GUILD MORTGAGE COMPANY $3,560,000 $3,180,000 -10.7% 0.7%
    21ST MORTGAGE CORPORATION $2,645,000 $3,110,000 17.6% 0.7%
    AMERICAN PACIFIC MORTGAGE CORPORATION $1,715,000 $2,920,000 70.3% 0.6%
    GUARANTEED RATE, INC. $2,310,000 $2,860,000 23.8% 0.6%
    Paramount Residential Mortgage Group, Inc. $2,785,000 n/a 0.6%
    NBKC BANK $1,960,000 $2,415,000 23.2% 0.5%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $970,000 $2,260,000 133.0% 0.5%
    LENDINGHOME FUNDING CORPORATION $455,000 $2,260,000 396.7% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $3,255,000 $2,180,000 -33.0% 0.5%
    JPMorgan Chase Bank $6,585,000 $2,160,000 -67.2% 0.5%
    Wells Fargo Bank $5,795,000 $2,130,000 -63.2% 0.5%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $7,790,000 $2,060,000 -73.6% 0.5%
    Flagstar Bank, FSB $440,000 $2,060,000 368.2% 0.5%
    Morgan Stanley Private Bank $255,000 $2,020,000 692.2% 0.4%
    Pilgrim Bank $1,930,000 $1,965,000 1.8% 0.4%
    BROKER SOLUTIONS, INC. $2,430,000 $1,960,000 -19.3% 0.4%
    First Financial Bank $1,335,000 $1,620,000 21.3% 0.4%
    The First National Bank of Albany $1,595,000 n/a 0.3%
    Gateway First Bank $3,025,000 $1,445,000 -52.2% 0.3%
    PENNYMAC LOAN SERVICES, LLC $4,340,000 $1,440,000 -66.8% 0.3%
    LOANPEOPLE, LLC $395,000 $1,410,000 257.0% 0.3%
    Network Funding, L.P. $1,070,000 $1,375,000 28.5% 0.3%
    RF Renovo Management Company, LLC $780,000 $1,330,000 70.5% 0.3%
    Waggoner National Bank $1,145,000 n/a 0.3%
    FREEDOM MORTGAGE CORPORATION $1,225,000 $1,095,000 -10.6% 0.2%
    AMERISAVE MORTGAGE CORPORATION $1,640,000 $1,080,000 -34.1% 0.2%
    Regions Bank $1,080,000 $1,040,000 -3.7% 0.2%
    PENTAGON FEDERAL CREDIT UNION $1,140,000 $1,035,000 -9.2% 0.2%
    LOANPAL, LLC $2,675,000 $975,000 -63.6% 0.2%
    Armed Forces Bank $185,000 $780,000 321.6% 0.2%
    Discover Bank $425,000 $770,000 81.2% 0.2%
    Farmers Bank & Trust $770,000 n/a 0.2%
    PNC Bank $125,000 $770,000 516.0% 0.2%
    BETTER MORTGAGE CORPORATION $760,000 n/a 0.2%
    Pinnacle Bank $755,000 n/a 0.2%
    LOANDEPOT.COM, LLC $4,300,000 $750,000 -82.6% 0.2%
    Town Square Mortgage & Investments, Inc. $195,000 $740,000 279.5% 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $2,235,000 $730,000 -67.3% 0.2%
    AXIA FINANCIAL, LLC $675,000 n/a 0.1%
    UNION HOME MORTGAGE CORP. $645,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $985,000 $600,000 -39.1% 0.1%
    SFMC, LP $205,000 $585,000 185.4% 0.1%
    Credit Union of Texas $575,000 n/a 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $2,525,000 $575,000 -77.2% 0.1%
    NEWREZ LLC $3,330,000 $560,000 -83.2% 0.1%
    City Bank $555,000 n/a 0.1%
    LAKEVIEW LOAN SERVICING, LLC $945,000 $555,000 -41.3% 0.1%
    The Federal Savings Bank $255,000 $540,000 111.8% 0.1%
    Bank of America $1,125,000 $505,000 -55.1% 0.1%
    American Airlines Federal Credit Union $105,000 $485,000 361.9% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $85,000 $485,000 470.6% 0.1%
    First United Bank and Trust Company $1,580,000 $475,000 -69.9% 0.1%
    Extraco Banks $465,000 n/a 0.1%
    BOKF $460,000 n/a 0.1%
    MORTGAGE ACCESS CORP. $450,000 n/a 0.1%
    Century Mortgage Company DBA Century Lending Company $440,000 n/a 0.1%
    EVERETT FINANCIAL, INC. $2,495,000 $440,000 -82.4% 0.1%
    DAS Acquisition Company, LLC $665,000 $420,000 -36.8% 0.1%
    MORTGAGE FINANCIAL SERVICES, LLC $680,000 $400,000 -41.2% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $405,000 $400,000 -1.2% 0.1%
    Waterstone Mortgage Corporation $385,000 n/a 0.1%
    CALCON MUTUAL MORTGAGE LLC $175,000 $375,000 114.3% 0.1%
    EMBRACE HOME LOANS, INC. $365,000 n/a 0.1%
    NexBank $2,160,000 $360,000 -83.3% 0.1%
    SECURITYNATIONAL MORTGAGE COMPANY $125,000 $350,000 180.0% 0.1%
    BancFirst $315,000 $340,000 7.9% 0.1%
    American Mortgage & Equity Consultants, Inc. $335,000 n/a 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $205,000 $330,000 61.0% 0.1%
    U.S. Bank $1,545,000 $325,000 -79.0% 0.1%
    Equity Prime Mortgage LLC $330,000 $320,000 -3.0% 0.1%
    MORIA DEVELOPMENT, INC. $315,000 n/a 0.1%
    Arvest Bank $285,000 $300,000 5.3% 0.1%
    CHURCHILL MORTGAGE CORPORATION $870,000 $295,000 -66.1% 0.1%
    KeyBank $135,000 $295,000 118.5% 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $295,000 n/a 0.1%
    VAN DYK MORTGAGE CORPORATION $295,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $285,000 n/a 0.1%
    TruHome Solutions, LLC $280,000 n/a 0.1%
    Origin Bank $275,000 n/a 0.1%
    AMCAP MORTGAGE, LTD. $2,175,000 $270,000 -87.6% 0.1%
    Paramount Bank $255,000 n/a 0.1%
    Plains Commerce Bank $330,000 $250,000 -24.2% 0.1%
    AMERICAN FEDERAL MORTGAGE CORPORATION $245,000 n/a 0.1%
    CLEARPATH LENDING $245,000 n/a 0.1%
    SPRING EQ, LLC $160,000 $245,000 53.1% 0.1%
    AMWEST FUNDING CORP. $175,000 $240,000 37.1% 0.1%
    NBH Bank $105,000 $240,000 128.6% 0.1%
    Colonial Savings, F.A. $325,000 $235,000 -27.7% 0.1%
    FirstBank Southwest $235,000 n/a 0.1%
    Affiliated Bank $230,000 n/a 0.1%
    Citibank $85,000 $225,000 164.7% 0.0%
    The Huntington National Bank $535,000 $225,000 -57.9% 0.0%
    WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION $225,000 n/a 0.0%
    SOUTHWEST STAGE FUNDING, LLC $220,000 n/a 0.0%
    ACADEMY MORTGAGE CORPORATION $215,000 n/a 0.0%
    A&D Mortgage LLC $85,000 $215,000 152.9% 0.0%
    Fifth Third Bank $215,000 n/a 0.0%
    GARDNER FINANCIAL SERVICES, LTD. $215,000 n/a 0.0%
    LONE STAR STATE BANK $215,000 n/a 0.0%
    Mid-Continent Funding, Inc. $105,000 $215,000 104.8% 0.0%
    InterBank $25,000 $210,000 740.0% 0.0%
    FirstBank $115,000 $205,000 78.3% 0.0%
    Truist $815,000 $205,000 -74.8% 0.0%
    AMERICAN FINANCIAL NETWORK, INC. $195,000 n/a 0.0%
    PROVIDENT FUNDING ASSOCIATES, L.P. $195,000 n/a 0.0%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $185,000 n/a 0.0%
    First Savings Bank $180,000 n/a 0.0%
    AMERICAN FINANCIAL RESOURCES, INC. $145,000 $175,000 20.7% 0.0%
    Barrington Bank & Trust Company, N.A. $235,000 $175,000 -25.5% 0.0%
    Cornerstone First Mortgage, Inc $175,000 n/a 0.0%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $170,000 n/a 0.0%
    SWBC MORTGAGE CORPORATION $190,000 $170,000 -10.5% 0.0%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $145,000 $165,000 13.8% 0.0%
    NMSI, INC. $165,000 n/a 0.0%
    The Citizens Bank $165,000 n/a 0.0%
    Washington Federal Bank $165,000 $165,000 0.0% 0.0%
    Beeline Loans, Inc. $145,000 $155,000 6.9% 0.0%
    HOMESIDE FINANCIAL, LLC $155,000 n/a 0.0%
    MEMBER FIRST MORTGAGE, LLC $155,000 n/a 0.0%
    NATIONS DIRECT MORTGAGE, LLC $155,000 n/a 0.0%
    PHH Mortgage Corporation $155,000 n/a 0.0%
    Republic State Mortgage Co. $605,000 $155,000 -74.4% 0.0%
    Sunflower Bank $95,000 $155,000 63.2% 0.0%
    ZILLOW HOME LOANS, LLC $340,000 $155,000 -54.4% 0.0%
    AMERICAN PORTFOLIO MORTGAGE CORPORATION $145,000 n/a 0.0%
    Loan Simple, Inc. $145,000 n/a 0.0%
    TEMPLE VIEW CAPITAL FUNDING, LP $105,000 $145,000 38.1% 0.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $610,000 $145,000 -76.2% 0.0%
    GUARANTEED RATE AFFINITY, LLC $355,000 $140,000 -60.6% 0.0%
    MK LENDING CORP. $135,000 n/a 0.0%
    Nations Lending Corporation $135,000 n/a 0.0%
    The City National Bank of Sulphur Springs $135,000 n/a 0.0%
    Carrington Mortgage Services, LLC $925,000 $125,000 -86.5% 0.0%
    Wallick & Volk, Inc. $120,000 n/a 0.0%
    Herring Bank $75,000 $115,000 53.3% 0.0%
    MICHIGAN MUTUAL, INC. $860,000 $115,000 -86.6% 0.0%
    LENDINGONE, LLC $105,000 n/a 0.0%
    LIMA ONE CAPITAL, LLC $140,000 $105,000 -25.0% 0.0%
    AMERICAN HERITAGE LENDING, INC. $95,000 n/a 0.0%
    HOMEXPRESS MORTGAGE CORP. $125,000 $95,000 -24.0% 0.0%
    CREDIT HUMAN FEDERAL CREDIT UNION $85,000 n/a 0.0%
    Frost Bank $85,000 n/a 0.0%
    SUMMIT FUNDING, INC. $85,000 n/a 0.0%
    The Loan Store, Inc. $85,000 n/a 0.0%
    Ally Bank $75,000 n/a 0.0%
    LONGBRIDGE FINANCIAL, LLC $75,000 n/a 0.0%
    United Texas Credit Union $105,000 $75,000 -28.6% 0.0%
    UNIVERSITY Federal Credit Union $75,000 n/a 0.0%
    FIRST SERVICE Credit Union $65,000 n/a 0.0%
    GULF COAST EDUCATORS FEDERAL CREDIT UNION $125,000 $65,000 -48.0% 0.0%
    NAVY ARMY COMMUNITY CREDIT UNION $65,000 n/a 0.0%
    TOGETHER CREDIT UNION $65,000 n/a 0.0%
    RANDOLPH-BROOKS $170,000 $55,000 -67.6% 0.0%
    First National Bank and Trust Company of Ardmore $45,000 n/a 0.0%
    TEXANS $45,000 n/a 0.0%
    Veritex Community Bank $45,000 n/a 0.0%
    LIBERTYONE Credit Union $35,000 n/a 0.0%
    Southwest Airlines Federal Credit Union $35,000 n/a 0.0%

    WICHITA FALLS's top lender by overall market share is UNION SQUARE, with 13.7% market share. In second place, with 11.3%, is American National Bank & Trust, having originated $51,585,000 in loans. In third place, with 7.5%, is FLAT BRANCH MORTGAGE, INC., having originated $34,440,000 in loans. In fourth place, with 4.7%, is The Jacksboro National Bank, having originated $21,545,000 in loans. In fifth place, with 4.6%, is Mortgage Research Center, LLC, having originated $20,935,000 in loans.

    WICHITA FALLS Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - WICHITA FALLS (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 $110,225 (0.3%) $167,092 (8.4%) 0.41 487
    2018-02-01 $113,475 (3.3%) $166,502 (7.3%) 0.41 486
    2018-03-01 $127,500 (14.1%) $175,469 (11.1%) 0.45 487
    2018-04-01 $132,225 (15.1%) $187,891 (17.4%) 0.45 481
    2018-05-01 $123,200 (7.2%) $183,840 (12.3%) 0.41 498
    2018-06-01 $125,000 (9.7%) $183,799 (12.7%) 0.42 513
    2018-07-01 $131,738 (19.8%) $183,841 (14.1%) 0.44 522
    2018-08-01 $138,225 (31.7%) $187,094 (16.4%) 0.46 527
    2018-09-01 $137,450 (25.0%) $187,260 (12.1%) 0.46 523
    2018-10-01 $136,500 (18.8%) $187,613 (11.0%) 0.46 542
    2018-11-01 $135,375 (17.0%) $190,868 (13.8%) 0.46 534
    2018-12-01 $135,000 (20.5%) $190,414 (13.8%) 0.47 506
    2019-01-01 $134,975 (22.5%) $195,673 (17.1%) 0.47 433
    2019-02-01 $131,450 (15.8%) $196,184 (17.8%) 0.44 413
    2019-03-01 $132,028 (3.6%) $195,055 (11.2%) 0.43 418
    2019-04-01 $134,011 (1.4%) $193,274 (2.9%) 0.43 424
    2019-05-01 $132,250 (7.4%) $194,317 (5.7%) 0.41 419
    2019-06-01 $134,700 (7.8%) $194,907 (6.0%) 0.42 421
    2019-07-01 $128,913 (-2.1%) $186,861 (1.6%) 0.40 476
    2019-08-01 $131,100 (-5.2%) $189,394 (1.2%) 0.42 465
    2019-09-01 $133,013 (-3.2%) $191,178 (2.1%) 0.43 451
    2019-10-01 $136,000 (-0.4%) $193,046 (2.9%) 0.44 435
    2019-11-01 $142,000 (4.9%) $197,063 (3.3%) 0.47 401
    2019-12-01 $140,250 (3.9%) $197,685 (3.8%) 0.47 383
    2020-01-01 $129,000 (-4.4%) $195,817 (0.1%) 0.43 357
    2020-02-01 $125,000 (-4.9%) $195,712 (-0.2%) 0.41 312
    2020-03-01 $148,225 (12.3%) $221,102 (13.4%) 0.46 310
    2020-04-01 $156,500 (16.8%) $221,123 (14.4%) 0.49 300
    2020-05-01 $189,700 (43.4%) $235,798 (21.4%) 0.58 252
    2020-06-01 $193,450 (43.6%) $238,049 (22.1%) 0.57 222
    2020-07-01 $158,075 (22.6%) $231,821 (24.1%) 0.46 226
    2020-08-01 $159,950 (22.0%) $236,270 (24.8%) 0.46 231
    2020-09-01 $157,450 (18.4%) $229,295 (19.9%) 0.45 217
    2020-10-01 $159,900 (17.6%) $228,161 (18.2%) 0.46 214
    2020-11-01 $151,825 (6.9%) $227,055 (15.2%) 0.44 197
    2020-12-01 $144,900 (3.3%) $229,250 (16.0%) 0.43 153
    2021-01-01 $129,900 (0.7%) $221,914 (13.3%) 0.39 126
    2021-02-01 $122,950 (-1.6%) $202,737 (3.6%) 0.36 117
    2021-03-01 $131,533 (-11.3%) $203,222 (-8.1%) 0.37 106
    2021-04-01 $145,100 (-7.3%) $202,645 (-8.4%) 0.39 122
    2021-05-01 $139,900 (-26.3%) $200,431 (-15.0%) 0.37 136
    2021-06-01 $159,950 (-17.3%) $208,543 (-12.4%) 0.42 155
    2021-07-01 $159,900 (1.2%) $200,780 (-13.4%) 0.42 195
    2021-08-01 $164,600 (2.9%) $215,833 (-8.7%) 0.44 239
    2021-09-01 $172,200 (9.4%) $230,120 (0.4%) 0.46 218
    2021-10-01 $164,900 (3.1%) $251,311 (10.2%) 0.44 199
    2021-11-01 $171,225 (12.8%) $270,043 (18.9%) 0.46 204
    2021-12-01 $174,450 (20.4%) $274,377 (19.7%) 0.47 197
    2022-01-01 $175,560 (35.2%) $281,617 (26.9%) 0.47 174
    2022-02-01 $177,390 (44.3%) $293,723 (44.9%) 0.46 154
    2022-03-01 $160,840 (22.3%) $287,990 (41.7%) 0.40 141
    2022-04-01 $179,900 (24.0%) $288,747 (42.5%) 0.43 150
    2022-05-01 $198,225 (41.7%) $301,841 (50.6%) 0.45 170
    2022-06-01 $192,450 (20.3%) $294,522 (41.2%) 0.43 193
    2022-07-01 $179,000 (11.9%) $276,024 (37.5%) 0.40 255
    2022-08-01 $185,000 (12.4%) $264,662 (22.6%) 0.43 310
    2022-09-01 $188,825 (9.7%) $262,945 (14.3%) 0.44 349
    2022-10-01 $185,000 (12.2%) $246,003 (-2.1%) 0.44 359
    2022-11-01 $190,450 (11.2%) $245,680 (-9.0%) 0.46 382
    2022-12-01 $199,900 (14.6%) $247,116 (-9.9%) 0.49 363
    2023-01-01 $199,900 (13.9%) $237,512 (-15.7%) 0.50 332
    2023-02-01 $202,450 (14.1%) $239,003 (-18.6%) 0.49 301
    2023-03-01 $206,000 (28.1%) $243,942 (-15.3%) 0.49 257
    2023-04-01 $205,000 (14.0%) $245,607 (-14.9%) 0.48 248
    2023-05-01 $216,675 (9.3%) $263,575 (-12.7%) 0.49 264
    2023-06-01 $227,000 (18.0%) $270,094 (-8.3%) 0.51 301
    2023-07-01 $220,000 (22.9%) $267,074 (-3.2%) 0.50 307
    2023-08-01 $221,725 (19.9%) $265,946 (0.5%) 0.51 342
    2023-09-01 $235,000 (24.5%) $269,109 (2.3%) 0.55 362
    2023-10-01 $229,575 (24.1%) $266,546 (8.4%) 0.54 414
    2023-11-01 $225,000 (18.1%) $275,371 (12.1%) 0.54 427
    2023-12-01 $207,000 (3.6%) $256,754 (3.9%) 0.50 432
    2024-01-01 $210,000 (5.1%) $264,656 (11.4%) 0.51 435
    2024-02-01 $214,625 (6.0%) $265,935 (11.3%) 0.52 444
    2024-03-01 $219,900 (6.8%) $267,660 (9.7%) 0.52 472
    WICHITA FALLS's median listing price for 2024-03-01 was $219,900, a difference of $13,900 (6.8%) versus the prior year and $5,275 versus the prior month.

    WICHITA FALLS's median listing price comes in at 52% of the national average.

    WICHITA FALLS's average listing price for 2024-03-01 was $267,660, a difference of $23,718 (9.7%) versus the prior year and $1,725 versus the prior month.

    For the 2024-03-01 period, WICHITA FALLS had 472 MLS listings, a difference of 28 listings (6%) versus the prior month and 215 listings (84%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - WICHITA FALLS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 74 days 1,630 sqft
    2018-02-01 59 days 1,612 sqft
    2018-03-01 51 days 1,680 sqft
    2018-04-01 47 days 1,740 sqft
    2018-05-01 44 days 1,699 sqft
    2018-06-01 44 days 1,708 sqft
    2018-07-01 47 days 1,745 sqft
    2018-08-01 50 days 1,756 sqft
    2018-09-01 57 days 1,766 sqft
    2018-10-01 58 days 1,786 sqft
    2018-11-01 60 days 1,811 sqft
    2018-12-01 68 days 1,793 sqft
    2019-01-01 77 days 1,794 sqft
    2019-02-01 67 days 1,794 sqft
    2019-03-01 52 days 1,803 sqft
    2019-04-01 43 days 1,787 sqft
    2019-05-01 44 days 1,767 sqft
    2019-06-01 43 days 1,748 sqft
    2019-07-01 38 days 1,707 sqft
    2019-08-01 42 days 1,731 sqft
    2019-09-01 48 days 1,753 sqft
    2019-10-01 51 days 1,767 sqft
    2019-11-01 50 days 1,800 sqft
    2019-12-01 51 days 1,755 sqft
    2020-01-01 58 days 1,730 sqft
    2020-02-01 60 days 1,692 sqft
    2020-03-01 51 days 1,799 sqft
    2020-04-01 61 days 1,824 sqft
    2020-05-01 65 days 1,924 sqft
    2020-06-01 52 days 1,981 sqft
    2020-07-01 40 days 1,859 sqft
    2020-08-01 40 days 1,827 sqft
    2020-09-01 40 days 1,862 sqft
    2020-10-01 39 days 1,825 sqft
    2020-11-01 45 days 1,823 sqft
    2020-12-01 53 days 1,788 sqft
    2021-01-01 52 days 1,706 sqft
    2021-02-01 31 days 1,458 sqft
    2021-03-01 32 days 1,487 sqft
    2021-04-01 16 days 1,661 sqft
    2021-05-01 16 days 1,705 sqft
    2021-06-01 17 days 1,647 sqft
    2021-07-01 22 days 1,570 sqft
    2021-08-01 27 days 1,682 sqft
    2021-09-01 36 days 1,695 sqft
    2021-10-01 33 days 1,652 sqft
    2021-11-01 37 days 1,652 sqft
    2021-12-01 44 days 1,633 sqft
    2022-01-01 47 days 1,659 sqft
    2022-02-01 38 days 1,657 sqft
    2022-03-01 23 days 1,610 sqft
    2022-04-01 24 days 1,673 sqft
    2022-05-01 18 days 1,698 sqft
    2022-06-01 25 days 1,736 sqft
    2022-07-01 25 days 1,573 sqft
    2022-08-01 34 days 1,613 sqft
    2022-09-01 38 days 1,625 sqft
    2022-10-01 45 days 1,608 sqft
    2022-11-01 49 days 1,622 sqft
    2022-12-01 62 days 1,626 sqft
    2023-01-01 65 days 1,626 sqft
    2023-02-01 58 days 1,677 sqft
    2023-03-01 44 days 1,680 sqft
    2023-04-01 42 days 1,715 sqft
    2023-05-01 34 days 1,731 sqft
    2023-06-01 36 days 1,737 sqft
    2023-07-01 38 days 1,728 sqft
    2023-08-01 38 days 1,729 sqft
    2023-09-01 44 days 1,733 sqft
    2023-10-01 49 days 1,721 sqft
    2023-11-01 51 days 1,714 sqft
    2023-12-01 62 days 1,640 sqft
    2024-01-01 66 days 1,658 sqft
    2024-02-01 63 days 1,663 sqft
    2024-03-01 52 days 1,693 sqft
    WICHITA FALLS's median listing age (time on market) for 2024-03-01 was 52 days. This is 18% longer than the same period one year ago.

    WICHITA FALLS's median square footage for active listings during the 2024-03-01 period was 1,693 sqft. One year prior, the average listing was 1,680 sqft.

    WICHITA FALLS, 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
    76228 Wichita Falls, TX MSA $750 $820 $1,000 $1,350 $1,550
    76230 Wichita Falls, TX MSA $840 $910 $1,110 $1,500 $1,720
    76261 Wichita Falls, TX MSA $750 $820 $1,000 $1,350 $1,550
    76301 Wichita Falls, TX MSA $620 $680 $830 $1,120 $1,280
    76302 Wichita Falls, TX MSA $740 $800 $980 $1,320 $1,520
    76305 Wichita Falls, TX MSA $620 $680 $830 $1,120 $1,280
    76306 Wichita Falls, TX MSA $720 $780 $960 $1,300 $1,480
    76307 Wichita Falls, TX MSA $720 $780 $950 $1,280 $1,470
    76308 Wichita Falls, TX MSA $730 $790 $970 $1,310 $1,500
    76309 Wichita Falls, TX MSA $690 $740 $910 $1,230 $1,410
    76310 Wichita Falls, TX MSA $740 $800 $980 $1,320 $1,520
    76311 Wichita Falls, TX MSA $1,060 $1,150 $1,410 $1,910 $2,180
    76351 Wichita Falls, TX MSA $620 $680 $830 $1,120 $1,280
    76352 Wichita Falls, TX MSA $670 $730 $890 $1,200 $1,380
    76354 Wichita Falls, TX MSA $720 $780 $950 $1,280 $1,470
    76357 Wichita Falls, TX MSA $620 $680 $830 $1,120 $1,280
    76360 Wichita Falls, TX MSA $630 $690 $840 $1,130 $1,300
    76365 Wichita Falls, TX MSA $700 $760 $930 $1,260 $1,440
    76366 Wichita Falls, TX MSA $680 $740 $900 $1,220 $1,390
    76367 Wichita Falls, TX MSA $860 $930 $1,140 $1,540 $1,760
    76369 Wichita Falls, TX MSA $720 $780 $950 $1,280 $1,470
    76370 Wichita Falls, TX MSA $640 $700 $850 $1,150 $1,310
    76374 Wichita Falls, TX MSA $620 $680 $830 $1,120 $1,280
    76377 Wichita Falls, TX MSA $620 $680 $830 $1,120 $1,280
    76379 Wichita Falls, TX MSA $620 $680 $830 $1,120 $1,280
    76389 Wichita Falls, TX MSA $620 $680 $830 $1,120 $1,280

    2022 Average & Median Rent Data Statistics
    WICHITA FALLS, TX average 1BR rent: $767, median: $750
    WICHITA FALLS, TX average 2BR rent: $937, median: $920
    WICHITA FALLS, TX average 3BR rent: $1,265, median: $1,245

    WICHITA FALLS, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,758 $342,450,000 $194,795
    Cash Out Refi 229 $28,795,000 $125,742
    Refi 173 $52,385,000 $302,803
    Other 98 $10,530,000 $107,449
    Home Improvement 67 $23,105,000 $344,851
    NA 1 $195,000 $195,000

    Wichita Falls's most frequently cited loan purpose was Home Purchase, with 1,758 originations. The 2nd most popular reason was Cash Out Refi, with 229 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 790 $192,780,000 $244,025
    7-8% 543 $94,375,000 $173,803
    Over 8% 426 $58,090,000 $136,362
    5-6% 316 $70,080,000 $221,772
    4-5% 51 $5,685,000 $111,471
    <2.5% 15 $75,000 $5,000
    3-4% 5 $485,000 $97,000

    During 2023, Wichita Falls's most frequently originated rate bucket was 6-7%, with 790 originations.

    Loan Sizing (WICHITA FALLS, TX MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 914 $135,580,000 $148,337
    $100,000 or less 644 $40,620,000 $63,075
    $200k-400k 641 $170,345,000 $265,749
    $400k-600k 89 $42,685,000 $479,607
    $600k-1000k 26 $18,730,000 $720,385
    $Over $1MM 12 $49,500,000 $4,125,000

    WICHITA FALLS's loan sizing saw the bucket of loans from $100k-200k with 914 originations, totaling $135,580,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 1,055 $220,195,000 $208,716
    60-80% 544 $112,980,000 $207,684
    40-60% 197 $26,505,000 $134,543
    20-40% 158 $28,280,000 $178,987
    Over 100% 100 $26,210,000 $262,100
    Under 20% 91 $6,665,000 $73,242

    WICHITA FALLS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,055 originations, totaling $220,195,000 in origination value.