Big Spring Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Big Spring averaged 6.75% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 7.28% and one month ago for the week of 2023-02-09, the average rate was 6.67%.

    Big Spring's average rate one year ago was 3.94%.

    For refis of the same type during the week of 2023-03-16, the average rate was 7.21%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Big Spring 30 Year Fixed Rate 2023-03-16 6.75%
    Big Spring 30 Year Fixed Rate Refi 2023-03-16 7.21%
    Big Spring 15 Year Fixed Rate 2023-03-16 6.57%
    Big Spring 15 Year Fixed Rate Refi 2023-03-16 6.77%
    Big Spring 30 Year FHA 2023-03-16 6.81%
    Big Spring 30 Year FHA Refi 2023-03-16 6.35%
    Big Spring 30 Year USDA 2023-03-16 6.39%
    Big Spring 30 Year VA 2023-03-16 6.25%
    Big Spring 30 Year VA Refi 2023-03-16 5.96%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Big Spring, TX.

    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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    LRS FINANCIAL NETWORK, INC. 23 4.95% $4,775
    QUICKEN LOANS, LLC 20 5.42% $5,097
    PRIMARY RESIDENTIAL MORTGAGE, INC. 17 5.72% $6,319
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 12 5.54% $4,431
    LOANPAL, LLC 6 4.58% $6,481
    NEWREZ LLC 5 4.15% $5,925
    BROKER SOLUTIONS, INC. 5 5.19% $4,758
    Gateway First Bank 4 5.00% $6,267
    Prosperity Bank 4 3.69% $4,547
    SECURITYNATIONAL MORTGAGE COMPANY 4 5.41% $5,360
    Wells Fargo Bank 3 5.92% $4,035
    SFMC, LP 3 5.17% $10,801
    EVERETT FINANCIAL, INC. 3 5.75% $2,460
    GREAT WESTERN FINANCIAL SERVICES, INC. 2 5.13% $5,061
    JPMorgan Chase Bank 2 5.62% $7,871
    Flagstar Bank, FSB 2 3.37% $5,583
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.69% $3,130
    U.S. Bank 2 6.75% $4,462
    LOANDEPOT.COM, LLC 2 3.93% $6,393
    FREEDOM MORTGAGE CORPORATION 2 4.75% $5,857
    AgFirst Farm Credit Bank 1 6.25% $7,483
    NAVY FEDERAL CREDIT UNION 1 5.00% $2,581
    PANORAMA MORTGAGE GROUP, LLC 1 6.13% $7,072
    PREMIA MORTGAGE, LLC 1 5.63% $2,212
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.88% $8,274
    Renasant Bank 1 3.88% $4,567
    Republic State Mortgage Co. 1 3.38% $1,850
    SECURITY SERVICE 1 4.13% $3,498
    TEXAS TECH 1 5.50% $6,144
    UNITED WHOLESALE MORTGAGE, LLC 1 5.50% $6,945
    USAA Federal Savings Bank 1 5.38% $7,819
    Watermark Capital, Inc. 1 6.88% $5,103
    Mr. Cooper ( Nationstar Mortgage ) 1 6.13% $17,255
    Alliance Credit Union 1 3.75% $5,284
    AmeriHome Mortgage Company, LLC 1 3.38% $3,335
    Assurance Financial Group, L.L.C. 1 6.63% $5,440
    ATLANTA POSTAL 1 2.88% $4,527
    Bank of England 1 6.63% $6,244
    CALIBER HOME LOANS, INC. 1 6.63% $9,582
    CHURCHILL MORTGAGE CORPORATION 1 6.13% $7,729
    Citizens Bank 1 5.75% $9,130
    First Guaranty Mortgage Corporation 1 4.13% $6,654
    FLAT BRANCH MORTGAGE, INC. 1 6.50% $4,721
    GMFS LLC 1 4.63% $1,551
    GUARANTEED RATE AFFINITY, LLC 1 3.95% $2,319
    GUARANTEED RATE, INC. 1 7.00% $7,641
    HOME POINT FINANCIAL CORPORATION 1 3.88% $10,911
    International Bank of Commerce 1 4.75% $4,509
    LOANPEOPLE, LLC 1 5.37% $8,539
    MID AMERICA MORTGAGE, INC. 1 2.75% $2,536
    MORTGAGE FINANCIAL SERVICES, LLC 1 3.25% $6,145
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $6,185

    Big Spring Average Closing Costs & Other Stats

    Big Spring, TX's 52 lenders originated 507 loans during 2022. The total origination value was $108,695,000, with an average loan value of $214,389.

    Big Spring's average closing costs are $5,992.

    The top Big Spring lender as defined by loan originations is LRS FINANCIAL NETWORK, INC., with 23 loans originated. Their average total fees are $4,775, which is $322 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Big Spring lenders (with over 10 loans originated) are ARK-LA-TEX FINANCIAL SERVICES, LLC. ($4,431), LRS FINANCIAL NETWORK, INC. ($4,775), QUICKEN LOANS, LLC ($5,097), PRIMARY RESIDENTIAL MORTGAGE, INC. ($6,319) and .

    The lowest rate Big Spring lenders (with over 10 loans originated) are LRS FINANCIAL NETWORK, INC. (4.95%), QUICKEN LOANS, LLC (5.42%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (5.54%), PRIMARY RESIDENTIAL MORTGAGE, INC. (5.72%) and .

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Wells Fargo Bank $1,960,000 $18,885,000 863.5% 17.4%
    LRS FINANCIAL NETWORK, INC. $11,160,000 $10,855,000 -2.7% 10.0%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $11,405,000 $9,875,000 -13.4% 9.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $3,785,000 $6,525,000 72.4% 6.0%
    QUICKEN LOANS, LLC $12,165,000 $6,225,000 -48.8% 5.7%
    Prosperity Bank $4,595,000 $4,430,000 -3.6% 4.1%
    Mortgage Research Center, LLC $2,225,000 $4,345,000 95.3% 4.0%
    KeyBank $4,045,000 n/a 3.7%
    SECURITYNATIONAL MORTGAGE COMPANY $5,245,000 $3,735,000 -28.8% 3.4%
    SFMC, LP $2,315,000 $2,725,000 17.7% 2.5%
    21ST MORTGAGE CORPORATION $1,405,000 $1,610,000 14.6% 1.5%
    Republic State Mortgage Co. $6,655,000 $1,565,000 -76.5% 1.4%
    Gateway First Bank $465,000 $1,360,000 192.5% 1.3%
    EVERETT FINANCIAL, INC. $145,000 $1,295,000 793.1% 1.2%
    NEWREZ LLC $535,000 $1,230,000 129.9% 1.1%
    PANORAMA MORTGAGE GROUP, LLC $110,000 $1,160,000 954.5% 1.1%
    JPMorgan Chase Bank $740,000 $1,145,000 54.7% 1.1%
    USAA Federal Savings Bank $1,805,000 $995,000 -44.9% 0.9%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $1,110,000 $930,000 -16.2% 0.9%
    FREEDOM MORTGAGE CORPORATION $5,575,000 $880,000 -84.2% 0.8%
    LOANPAL, LLC $1,320,000 $865,000 -34.5% 0.8%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,350,000 $840,000 -37.8% 0.8%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $920,000 $810,000 -12.0% 0.7%
    LOANDEPOT.COM, LLC $1,255,000 $705,000 -43.8% 0.6%
    BROKER SOLUTIONS, INC. $690,000 $645,000 -6.5% 0.6%
    NAVY FEDERAL CREDIT UNION $450,000 $630,000 40.0% 0.6%
    Western Bank $775,000 $595,000 -23.2% 0.5%
    PENNYMAC LOAN SERVICES, LLC $1,100,000 $590,000 -46.4% 0.5%
    First Financial Bank $610,000 $570,000 -6.6% 0.5%
    MID AMERICA MORTGAGE, INC. $685,000 $560,000 -18.2% 0.5%
    Complex Community Federal Credit Union $205,000 $545,000 165.9% 0.5%
    T2 FINANCIAL LLC $535,000 n/a 0.5%
    UNITED WHOLESALE MORTGAGE, LLC $530,000 $535,000 0.9% 0.5%
    Old National Bank $520,000 n/a 0.5%
    U.S. Bank $310,000 $485,000 56.5% 0.4%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $460,000 n/a 0.4%
    Flagstar Bank, FSB $165,000 $455,000 175.8% 0.4%
    CMG MORTGAGE, INC. $590,000 $445,000 -24.6% 0.4%
    TRIAD FINANCIAL SERVICES, INC. $250,000 $415,000 66.0% 0.4%
    GREAT WESTERN FINANCIAL SERVICES, INC. $225,000 $405,000 80.0% 0.4%
    GUARANTEED RATE AFFINITY, LLC $395,000 n/a 0.4%
    Citizens Bank $385,000 n/a 0.4%
    PREMIA MORTGAGE, LLC $175,000 $385,000 120.0% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $745,000 $380,000 -49.0% 0.3%
    NATIONS RELIABLE LENDING, LLC $295,000 $380,000 28.8% 0.3%
    SOUTHWEST STAGE FUNDING, LLC $75,000 $375,000 400.0% 0.3%
    EAGLE HOME MORTGAGE, LLC $365,000 n/a 0.3%
    West Texas National Bank $360,000 n/a 0.3%
    LAKEVIEW LOAN SERVICING, LLC $525,000 $350,000 -33.3% 0.3%
    HOME POINT FINANCIAL CORPORATION $325,000 $345,000 6.2% 0.3%
    Vista Bank $325,000 n/a 0.3%
    Assurance Financial Group, L.L.C. $305,000 n/a 0.3%
    MORTGAGE FINANCIAL SERVICES, LLC $305,000 n/a 0.3%
    Alliance Credit Union $295,000 n/a 0.3%
    AMERICAN FINANCIAL RESOURCES, INC. $280,000 n/a 0.3%
    Equity Prime Mortgage LLC $275,000 n/a 0.3%
    TEXAS TECH $315,000 $275,000 -12.7% 0.3%
    AgFirst Farm Credit Bank $255,000 n/a 0.2%
    AMWEST FUNDING CORP. $255,000 n/a 0.2%
    CALIBER HOME LOANS, INC. $1,140,000 $255,000 -77.6% 0.2%
    GUILD MORTGAGE COMPANY $225,000 $255,000 13.3% 0.2%
    SECURITY SERVICE $250,000 n/a 0.2%
    RELIANCE FIRST CAPITAL, LLC $235,000 n/a 0.2%
    LENDINGHOME FUNDING CORPORATION $230,000 n/a 0.2%
    PLANET HOME LENDING, LLC $230,000 n/a 0.2%
    GUARANTEED RATE, INC. $215,000 n/a 0.2%
    Renasant Bank $215,000 n/a 0.2%
    RANLIFE, INC. $205,000 n/a 0.2%
    Watermark Capital, Inc. $125,000 $205,000 64.0% 0.2%
    Carrington Mortgage Services, LLC $410,000 $200,000 -51.2% 0.2%
    First Bank & Trust $1,320,000 $200,000 -84.8% 0.2%
    ATLANTA POSTAL $195,000 n/a 0.2%
    GMFS LLC $185,000 n/a 0.2%
    LENOX FINANCIAL MORTGAGE CORPORATION $165,000 n/a 0.2%
    LOANPEOPLE, LLC $165,000 n/a 0.2%
    First Guaranty Mortgage Corporation $395,000 $155,000 -60.8% 0.1%
    CORNERSTONE HOME LENDING, INC. $145,000 n/a 0.1%
    DRAPER AND KRAMER MORTGAGE CORP. $145,000 n/a 0.1%
    INTERCAP LENDING INC. $145,000 n/a 0.1%
    Trinity Oaks Mortgage, LLC $145,000 n/a 0.1%
    AmeriHome Mortgage Company, LLC $1,845,000 $135,000 -92.7% 0.1%
    CHURCHILL MORTGAGE CORPORATION $235,000 $135,000 -42.6% 0.1%
    AMERICAN HERITAGE LENDING, INC. $125,000 n/a 0.1%
    COUNTRYPLACE MORTGAGE, LTD. $55,000 $125,000 127.3% 0.1%
    Nations Lending Corporation $330,000 $125,000 -62.1% 0.1%
    Frost Bank $115,000 n/a 0.1%
    RANDOLPH-BROOKS $335,000 $110,000 -67.2% 0.1%
    Bank of England $165,000 $105,000 -36.4% 0.1%
    CSL Financial, LLC $105,000 n/a 0.1%
    LIMA ONE CAPITAL, LLC $95,000 n/a 0.1%
    Network Funding, L.P. $95,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $155,000 $95,000 -38.7% 0.1%
    PNC Bank $285,000 $95,000 -66.7% 0.1%
    AMERICAN ADVISORS GROUP $55,000 $90,000 63.6% 0.1%
    Community National Bank $345,000 $85,000 -75.4% 0.1%
    Bank of America $185,000 $75,000 -59.5% 0.1%
    City Bank $235,000 $75,000 -68.1% 0.1%
    First National Bank Texas $75,000 n/a 0.1%
    FLAT BRANCH MORTGAGE, INC. $75,000 n/a 0.1%
    Texana Bank $75,000 n/a 0.1%
    International Bank of Commerce $65,000 n/a 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $375,000 $65,000 -82.7% 0.1%
    H E B $55,000 n/a 0.1%
    CERTIFIED FUNDING, L.P. $35,000 n/a 0.0%
    Zions Bancorporation, N.A. $35,000 n/a 0.0%

    Big Spring's top lender by overall market share is Wells Fargo Bank, with 17.4% market share. In second place, with 10.0%, is LRS FINANCIAL NETWORK, INC., having originated $10,855,000 in loans. In third place, with 9.1%, is PRIMARY RESIDENTIAL MORTGAGE, INC., having originated $9,875,000 in loans. In fourth place, with 6.0%, is ARK-LA-TEX FINANCIAL SERVICES, LLC., having originated $6,525,000 in loans. In fifth place, with 5.7%, is QUICKEN LOANS, LLC, having originated $6,225,000 in loans.

    Big Spring Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Big Spring (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 $154,000 (1.7%) $189,361 (7.0%) 0.00 128
    2018-02-01 $150,000 (2.4%) $189,151 (10.3%) 0.00 108
    2018-03-01 $157,900 (7.8%) $193,124 (12.4%) 0.00 91
    2018-04-01 $159,950 (3.2%) $184,125 (1.7%) 0.00 89
    2018-05-01 $162,475 (1.6%) $172,830 (-4.2%) 0.00 87
    2018-06-01 $175,000 (7.9%) $189,213 (4.8%) 0.00 81
    2018-07-01 $181,000 (11.0%) $203,879 (12.5%) 0.00 85
    2018-08-01 $169,900 (6.2%) $200,898 (11.6%) 0.00 89
    2018-09-01 $159,900 (-1.6%) $204,242 (15.0%) 0.00 89
    2018-10-01 $159,750 (-2.4%) $206,844 (19.6%) 0.00 83
    2018-11-01 $158,900 (-0.7%) $207,300 (18.9%) 0.00 75
    2018-12-01 $150,000 (-5.7%) $196,530 (9.2%) 0.00 71
    2019-01-01 $179,500 (16.6%) $221,485 (17.0%) 0.00 66
    2019-02-01 $180,950 (20.6%) $222,979 (17.9%) 0.00 64
    2019-03-01 $180,500 (14.3%) $231,853 (20.1%) 0.00 61
    2019-04-01 $181,250 (13.3%) $239,105 (29.9%) 0.00 60
    2019-05-01 $174,900 (7.7%) $241,576 (39.8%) 0.00 68
    2019-06-01 $169,000 (-3.4%) $225,195 (19.0%) 0.00 76
    2019-07-01 $169,100 (-6.6%) $224,256 (10.0%) 0.00 100
    2019-08-01 $161,427 (-5.0%) $218,658 (8.8%) 0.00 107
    2019-09-01 $154,943 (-3.1%) $215,816 (5.7%) 0.00 108
    2019-10-01 $149,425 (-6.5%) $213,921 (3.4%) 0.00 110
    2019-11-01 $149,450 (-6.0%) $215,531 (4.0%) 0.00 122
    2019-12-01 $156,750 (4.5%) $213,132 (8.5%) 0.00 131
    2020-01-01 $169,200 (-5.7%) $211,681 (-4.4%) 0.00 124
    2020-02-01 $153,750 (-15.0%) $202,504 (-9.2%) 0.00 114
    2020-03-01 $155,000 (-14.1%) $200,698 (-13.4%) 0.00 130
    2020-04-01 $156,675 (-13.6%) $209,228 (-12.5%) 0.00 132
    2020-05-01 $164,750 (-5.8%) $214,583 (-11.2%) 0.00 133
    2020-06-01 $166,700 (-1.4%) $207,893 (-7.7%) 0.00 119
    2020-07-01 $196,725 (16.3%) $219,792 (-2.0%) 0.00 114
    2020-08-01 $185,000 (14.6%) $219,647 (0.5%) 0.00 116
    2020-09-01 $187,025 (20.7%) $214,484 (-0.6%) 0.00 116
    2020-10-01 $193,250 (29.3%) $216,193 (1.1%) 0.00 116
    2020-11-01 $185,000 (23.8%) $211,576 (-1.8%) 0.00 117
    2020-12-01 $173,000 (10.4%) $208,173 (-2.3%) 0.00 112
    2021-01-01 $179,000 (5.8%) $221,738 (4.8%) 0.00 91
    2021-02-01 $202,425 (31.7%) $214,532 (5.9%) 0.00 95
    2021-03-01 $192,200 (24.0%) $207,988 (3.6%) 0.00 99
    2021-04-01 $199,450 (27.3%) $220,383 (5.3%) 0.00 105
    2021-05-01 $207,550 (26.0%) $253,603 (18.2%) 0.00 117
    2021-06-01 $216,750 (30.0%) $270,484 (30.1%) 0.00 113
    2021-07-01 $220,000 (11.8%) $268,152 (22.0%) 0.00 128
    2021-08-01 $216,200 (16.9%) $228,059 (3.8%) 0.00 131
    2021-09-01 $198,000 (5.9%) $218,298 (1.8%) 0.00 136
    2021-10-01 $192,500 (-0.4%) $212,903 (-1.5%) 0.00 130
    2021-11-01 $175,000 (-5.4%) $207,433 (-2.0%) 0.00 121
    2021-12-01 $199,125 (15.1%) $220,230 (5.8%) 0.00 129
    2022-01-01 $199,900 (11.7%) $225,791 (1.8%) 0.00 132
    2022-02-01 $191,075 (-5.6%) $218,259 (1.7%) 0.00 120
    2022-03-01 $194,700 (1.3%) $224,481 (7.9%) 0.00 106
    2022-04-01 $198,975 (-0.2%) $234,569 (6.4%) 0.00 99
    2022-05-01 $192,000 (-7.5%) $228,889 (-9.8%) 0.00 103
    2022-06-01 $183,750 (-15.2%) $214,857 (-20.6%) 0.00 119
    2022-07-01 $194,500 (-11.6%) $217,506 (-18.9%) 0.00 131
    2022-08-01 $199,675 (-7.6%) $223,018 (-2.2%) 0.00 132
    2022-09-01 $197,000 (-0.5%) $220,157 (0.9%) 0.00 142
    2022-10-01 $197,000 (2.3%) $224,295 (5.4%) 0.00 140
    2022-11-01 $193,250 (10.4%) $221,693 (6.9%) 0.00 132
    2022-12-01 $195,000 (-2.1%) $220,922 (0.3%) 0.00 131
    2023-01-01 $188,000 (-6.0%) $214,789 (-4.9%) 0.00 131
    2023-02-01 $188,500 (-1.4%) $217,135 (-0.5%) 0.00 126
    Big Spring's median listing price for 2023-02-01 was $188,500, a difference of $-2,575 (-1.4%) versus the prior year and $500 versus the prior month.

    Big Spring's median listing price comes in at 0% of the national average.

    Big Spring's average listing price for 2023-02-01 was $217,135, a difference of $-1,124 (-0.5%) versus the prior year and $2,346 versus the prior month.

    For the 2023-02-01 period, Big Spring had 126 MLS listings, a difference of -5 listings (-4%) versus the prior month and 6 listings (5%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Big Spring (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,777 sqft
    2018-02-01 0 days 1,806 sqft
    2018-03-01 0 days 1,811 sqft
    2018-04-01 0 days 1,824 sqft
    2018-05-01 0 days 1,803 sqft
    2018-06-01 0 days 1,871 sqft
    2018-07-01 0 days 1,805 sqft
    2018-08-01 0 days 1,796 sqft
    2018-09-01 0 days 1,817 sqft
    2018-10-01 0 days 1,810 sqft
    2018-11-01 0 days 1,734 sqft
    2018-12-01 0 days 1,722 sqft
    2019-01-01 0 days 1,812 sqft
    2019-02-01 0 days 1,817 sqft
    2019-03-01 0 days 1,841 sqft
    2019-04-01 0 days 1,908 sqft
    2019-05-01 0 days 2,030 sqft
    2019-06-01 0 days 1,938 sqft
    2019-07-01 0 days 1,755 sqft
    2019-08-01 0 days 1,707 sqft
    2019-09-01 0 days 1,703 sqft
    2019-10-01 0 days 1,690 sqft
    2019-11-01 0 days 1,672 sqft
    2019-12-01 0 days 1,698 sqft
    2020-01-01 0 days 1,700 sqft
    2020-02-01 0 days 1,711 sqft
    2020-03-01 0 days 1,692 sqft
    2020-04-01 0 days 1,740 sqft
    2020-05-01 0 days 1,735 sqft
    2020-06-01 0 days 1,702 sqft
    2020-07-01 0 days 1,735 sqft
    2020-08-01 0 days 1,704 sqft
    2020-09-01 0 days 1,749 sqft
    2020-10-01 0 days 1,802 sqft
    2020-11-01 0 days 1,775 sqft
    2020-12-01 0 days 1,748 sqft
    2021-01-01 0 days 1,793 sqft
    2021-02-01 0 days 1,827 sqft
    2021-03-01 0 days 1,801 sqft
    2021-04-01 0 days 1,811 sqft
    2021-05-01 0 days 1,836 sqft
    2021-06-01 0 days 1,836 sqft
    2021-07-01 0 days 1,813 sqft
    2021-08-01 0 days 1,755 sqft
    2021-09-01 0 days 1,717 sqft
    2021-10-01 0 days 1,618 sqft
    2021-11-01 0 days 1,632 sqft
    2021-12-01 0 days 1,671 sqft
    2022-01-01 0 days 1,702 sqft
    2022-02-01 0 days 1,702 sqft
    2022-03-01 0 days 1,723 sqft
    2022-04-01 0 days 1,644 sqft
    2022-05-01 0 days 1,601 sqft
    2022-06-01 0 days 1,644 sqft
    2022-07-01 0 days 1,712 sqft
    2022-08-01 0 days 1,757 sqft
    2022-09-01 0 days 1,779 sqft
    2022-10-01 0 days 1,669 sqft
    2022-11-01 0 days 1,669 sqft
    2022-12-01 0 days 1,679 sqft
    2023-01-01 0 days 1,614 sqft
    2023-02-01 0 days 1,669 sqft
    Big Spring's median listing age (time on market) for 2023-02-01 was 0 days.

    Big Spring's median square footage for active listings during the 2023-02-01 period was 1,669 sqft. One year prior, the average listing was 1,702 sqft.

    Big Spring, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 383 $85,885,000 $224,243
    Cash Out Refi 64 $9,890,000 $154,531
    Refi 43 $11,195,000 $260,349
    Home Improvement 11 $1,145,000 $104,091
    Other 6 $580,000 $96,667

    Big Spring's most frequently cited loan purpose was Home Purchase, with 383 originations. The 2nd most popular reason was Cash Out Refi, with 64 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 107 $20,965,000 $195,935
    6-7% 101 $16,915,000 $167,475
    4-5% 97 $35,215,000 $363,041
    3-4% 93 $22,345,000 $240,269
    <2.5% 34 $1,030,000 $30,294
    7-8% 28 $5,120,000 $182,857
    2.5-3% 22 $4,120,000 $187,273
    Over 8% 14 $1,550,000 $110,714

    During 2022, Big Spring's most frequently originated rate bucket was 5-6%, with 107 originations.

    Loan Sizing (Big Spring, TX MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 209 $30,135,000 $144,187
    $200k-400k 165 $44,955,000 $272,455
    $100,000 or less 120 $6,710,000 $55,917
    $400k-600k 11 $4,975,000 $452,273
    $Over $1MM 2 $21,920,000 $10,960,000

    Big Spring's loan sizing saw the bucket of loans from $100k-200k with 209 originations, totaling $30,135,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 286 $56,660,000 $198,112
    60-80% 115 $36,605,000 $318,304
    40-60% 41 $9,735,000 $237,439
    Under 20% 33 $335,000 $10,152
    20-40% 11 $845,000 $76,818
    Over 100% 7 $2,355,000 $336,429

    Big Spring's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 286 originations, totaling $56,660,000 in origination value.