Big Spring Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Big Spring averaged
6.69%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
6.79% and
one month ago for the week of 2025-05-29, the
average rate was 7.31%.
Big Spring's average rate one year ago was 7.28%.
For refis of the same type during the week of 2025-07-03, the average rate
was 7.17%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Big Spring 30 Year Fixed Rate | 2025-07-03 | 6.69% |
| Big Spring 30 Year Fixed Rate Refi | 2025-07-03 | 7.17% |
| Big Spring 15 Year Fixed Rate | 2025-07-03 | 5.7% |
| Big Spring 15 Year Fixed Rate Refi | 2025-07-03 | 6.1% |
| Big Spring 30 Year FHA | 2025-07-03 | 0.42% |
| Big Spring 30 Year FHA Refi | 2025-07-03 | -0.1% |
| Big Spring 30 Year USDA | 2025-07-03 | 0.2% |
| Big Spring 30 Year USDA Refi | 2025-07-03 | 0.2% |
| Big Spring 30 Year VA | 2025-07-03 | -0.2% |
| Big Spring 30 Year VA Refi | 2025-07-03 | -0.1% |
Big Spring 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 Big Spring, 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.).
Big Spring Average Closing Costs & Other Stats
Big Spring, TX's 43 lenders originated 356
loans during 2024. The total origination value was $79,120,000, with an average loan value of
$222,247.
Big Spring's average closing costs are $6,482.
The top Big Spring lender as defined by loan originations is QUICKEN LOANS, LLC, with
9 loans originated. Their average total fees are
$8,204, which is $986
lower than the next largest lender,
SECURITYNATIONAL MORTGAGE COMPANY.
The lowest fee Big Spring lenders (with over 10 loans originated) are
.
The lowest rate Big Spring lenders (with over 10 loans originated) are
.
Big Spring, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| COLLIERS MORTGAGE LLC | $6,015,000 | n/a | 7.6% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $6,885,000 | $5,365,000 | -22.1% | 6.8% |
| QUICKEN LOANS, LLC | $8,110,000 | $5,280,000 | -34.9% | 6.7% |
| SECURITYNATIONAL MORTGAGE COMPANY | $4,000,000 | $4,255,000 | 6.4% | 5.4% |
| Mortgage Research Center, LLC | $2,800,000 | $3,055,000 | 9.1% | 3.9% |
| BancorpSouth | $3,005,000 | n/a | 3.8% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $695,000 | $2,810,000 | 304.3% | 3.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,490,000 | $2,800,000 | 87.9% | 3.5% |
| Prosperity Bank | $2,425,000 | $2,790,000 | 15.1% | 3.5% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $2,580,000 | $2,730,000 | 5.8% | 3.5% |
| HOMESIDE FINANCIAL, LLC | $2,640,000 | n/a | 3.3% | |
| First National Bank Texas | $2,585,000 | n/a | 3.3% | |
| S1L, Inc. | $2,330,000 | n/a | 2.9% | |
| 21ST MORTGAGE CORPORATION | $975,000 | $1,630,000 | 67.2% | 2.1% |
| GUILD MORTGAGE COMPANY | $155,000 | $1,560,000 | 906.5% | 2.0% |
| FREEDOM MORTGAGE CORPORATION | $185,000 | $1,545,000 | 735.1% | 2.0% |
| LOANDEPOT.COM, LLC | $2,080,000 | $1,390,000 | -33.2% | 1.8% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $845,000 | $1,245,000 | 47.3% | 1.6% |
| TOWNE MORTGAGE COMPANY | $1,120,000 | n/a | 1.4% | |
| ROYAL UNITED MORTGAGE LLC | $230,000 | $985,000 | 328.3% | 1.2% |
| BROKER SOLUTIONS, INC. | $895,000 | n/a | 1.1% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,580,000 | $855,000 | -45.9% | 1.1% |
| Complex Community Federal Credit Union | $220,000 | $830,000 | 277.3% | 1.0% |
| JPMorgan Chase Bank | $350,000 | $785,000 | 124.3% | 1.0% |
| Western Bank | $255,000 | $715,000 | 180.4% | 0.9% |
| CARDINAL FINANCIAL | $815,000 | $700,000 | -14.1% | 0.9% |
| First United Bank | $335,000 | $680,000 | 103.0% | 0.9% |
| NAVY FEDERAL CREDIT UNION | $125,000 | $680,000 | 444.0% | 0.9% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $170,000 | $635,000 | 273.5% | 0.8% |
| LRS FINANCIAL NETWORK, INC. | $1,470,000 | $610,000 | -58.5% | 0.8% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $155,000 | $610,000 | 293.5% | 0.8% |
| Secured Investment Corp. | $595,000 | n/a | 0.8% | |
| NATIONS RELIABLE LENDING, LLC | $590,000 | n/a | 0.7% | |
| PNC Bank | $510,000 | $570,000 | 11.8% | 0.7% |
| Strong Home Mortgage, LLC | $545,000 | $545,000 | 0.0% | 0.7% |
| AmeriHome Mortgage Company, LLC | $165,000 | $520,000 | 215.2% | 0.7% |
| FLAT BRANCH MORTGAGE, INC. | $510,000 | n/a | 0.6% | |
| HOMEXPRESS MORTGAGE CORP. | $485,000 | n/a | 0.6% | |
| Alliance Credit Union | $135,000 | $470,000 | 248.1% | 0.6% |
| PREMIER LENDING, INC. | $425,000 | n/a | 0.5% | |
| MORTGAGE FINANCIAL SERVICES, LLC | $410,000 | $420,000 | 2.4% | 0.5% |
| T2 FINANCIAL LLC | $935,000 | $420,000 | -55.1% | 0.5% |
| Wells Fargo Bank | $205,000 | $415,000 | 102.4% | 0.5% |
| Flagstar Bank, FSB | $395,000 | n/a | 0.5% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $365,000 | n/a | 0.5% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $350,000 | n/a | 0.4% | |
| CALCON MUTUAL MORTGAGE LLC | $215,000 | $340,000 | 58.1% | 0.4% |
| PLANET HOME LENDING, LLC | $340,000 | n/a | 0.4% | |
| Lakeview Community Capital, LLC | $335,000 | n/a | 0.4% | |
| Flanagan State Bank | $325,000 | n/a | 0.4% | |
| NEXERA HOLDING LLC | $305,000 | n/a | 0.4% | |
| SFMC, LP | $305,000 | n/a | 0.4% | |
| Amarillo National Bank | $295,000 | n/a | 0.4% | |
| Equity Prime Mortgage LLC | $285,000 | n/a | 0.4% | |
| GUARANTEED RATE AFFINITY, LLC | $265,000 | n/a | 0.3% | |
| PLAZA HOME MORTGAGE, INC. | $250,000 | n/a | 0.3% | |
| GUARANTEED RATE, INC. | $525,000 | $245,000 | -53.3% | 0.3% |
| Vista Bank | $245,000 | n/a | 0.3% | |
| GECU | $240,000 | n/a | 0.3% | |
| MID AMERICA MORTGAGE, INC. | $240,000 | n/a | 0.3% | |
| BECKAM FUNDING CORP. | $235,000 | n/a | 0.3% | |
| Mr. Cooper ( Nationstar Mortgage ) | $380,000 | $235,000 | -38.2% | 0.3% |
| MICHIGAN MUTUAL, INC. | $225,000 | n/a | 0.3% | |
| Discover Bank | $210,000 | n/a | 0.3% | |
| EECU | $205,000 | n/a | 0.3% | |
| LAKEVIEW LOAN SERVICING, LLC | $205,000 | n/a | 0.3% | |
| NBKC BANK | $205,000 | n/a | 0.3% | |
| THE MORTGAGE LINK, INC. | $205,000 | n/a | 0.3% | |
| CROSSCOUNTRY MORTGAGE, LLC | $200,000 | n/a | 0.3% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $195,000 | n/a | 0.2% | |
| A&D Mortgage LLC | $185,000 | n/a | 0.2% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $225,000 | $185,000 | -17.8% | 0.2% |
| Bank of America | $155,000 | n/a | 0.2% | |
| First American Bank | $155,000 | n/a | 0.2% | |
| PENTAGON FEDERAL CREDIT UNION | $400,000 | $155,000 | -61.3% | 0.2% |
| SOUTHWEST FUNDING, LP | $155,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $155,000 | n/a | 0.2% | |
| Northpointe Bank | $145,000 | n/a | 0.2% | |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $125,000 | n/a | 0.2% | |
| LIMA ONE CAPITAL, LLC | $75,000 | $115,000 | 53.3% | 0.1% |
| RANDOLPH-BROOKS | $115,000 | n/a | 0.1% | |
| City Bank | $105,000 | n/a | 0.1% | |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $95,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $95,000 | n/a | 0.1% |
Big Spring's top lender by overall market share is COLLIERS MORTGAGE LLC, with 7.6% market share. In second place, with 6.8%, is PRIMARY RESIDENTIAL MORTGAGE, INC., having originated $5,365,000 in loans. In third place, with 6.7%, is QUICKEN LOANS, LLC, having originated $5,280,000 in loans. In fourth place, with 5.4%, is SECURITYNATIONAL MORTGAGE COMPANY, having originated $4,255,000 in loans. In fifth place, with 3.9%, is Mortgage Research Center, LLC, having originated $3,055,000 in loans.
Big Spring, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 283 | $59,075,000 | $208,746 |
| Refi | 32 | $7,470,000 | $233,438 |
| Cash Out Refi | 23 | $5,035,000 | $218,913 |
| Home Improvement | 12 | $1,180,000 | $98,333 |
| Other | 6 | $6,360,000 | $1,060,000 |
Big Spring's most frequently cited loan purpose was Home Purchase, with 283 originations. The 2nd most popular reason was Refi, with 32 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 143 | $34,155,000 | $238,846 |
| 7-8% | 92 | $20,680,000 | $224,783 |
| Over 8% | 49 | $7,125,000 | $145,408 |
| 5-6% | 38 | $9,250,000 | $243,421 |
| <2.5% | 17 | $115,000 | $6,765 |
| 4-5% | 2 | $580,000 | $290,000 |
| 3-4% | 1 | $6,015,000 | $6,015,000 |
During 2024, Big Spring's most frequently originated rate bucket was 6-7%, with 143 originations.
Loan Sizing (Big Spring, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 136 | $37,030,000 | $272,279 |
| $100k-200k | 127 | $19,075,000 | $150,197 |
| $100,000 or less | 71 | $3,995,000 | $56,268 |
| $400k-600k | 17 | $7,795,000 | $458,529 |
| $600k-1000k | 3 | $2,205,000 | $735,000 |
| $Over $1MM | 2 | $9,020,000 | $4,510,000 |
Big Spring's loan sizing saw the bucket of loans from $200k-400k with 136 originations, totaling $37,030,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 215 | $47,945,000 | $223,000 |
| 60-80% | 56 | $11,030,000 | $196,964 |
| Under 20% | 22 | $3,210,000 | $145,909 |
| 40-60% | 19 | $3,515,000 | $185,000 |
| Over 100% | 12 | $2,270,000 | $189,167 |
| 20-40% | 8 | $1,620,000 | $202,500 |
Big Spring's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 215 originations, totaling $47,945,000 in origination value.