Lamesa 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 Lamesa averaged 6.98% 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 6.69% and one month ago for the week of 2024-10-10, the average rate was 6.32%.

    Lamesa's average rate one year ago was 7.7%.

    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%
    Lamesa 30 Year Fixed Rate 2024-11-14 6.98%
    Lamesa 30 Year Fixed Rate Refi 2024-11-14 7.08%
    Lamesa 15 Year Fixed Rate 2024-11-14 6.19%
    Lamesa 15 Year Fixed Rate Refi 2024-11-14 6.29%
    Lamesa 30 Year FHA 2024-11-14 0.1%
    Lamesa 30 Year FHA Refi 2024-11-14 0%
    Lamesa 30 Year USDA 2024-11-14 0.1%
    Lamesa 30 Year USDA Refi 2024-11-14 -0.1%
    Lamesa 30 Year VA 2024-11-14 0%
    Lamesa 30 Year VA Refi 2024-11-14 0.1%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Lamesa, TX.

    Lamesa 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 Lamesa, 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
    LRS FINANCIAL NETWORK, INC. 4 6.90% $6,163
    First United Bank 3 7.21% $6,412
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.31% $7,526
    THRIVE MORTGAGE, LLC 2 6.38% $5,954
    INTERLINC MORTGAGE SERVICES, LLC 1 7.13% $3,358
    LOANDEPOT.COM, LLC 1 8.63% $3,346
    MORTGAGE FINANCIAL SERVICES, LLC 1 6.25% $2,702
    Prosperity Bank 1 7.88% $3,770
    QUICKEN LOANS, LLC 1 6.75% $3,864
    T2 FINANCIAL LLC 1 6.63% $14,063
    UNITED WHOLESALE MORTGAGE, LLC 1 6.13% $12,686
    AmeriHome Mortgage Company, LLC 1 6.75% $11,508
    Wells Fargo Bank 1 5.88% $4,789
    AMERISAVE MORTGAGE CORPORATION 1 5.88% $6,883
    Bank of America 1 6.38% $14,095
    Discover Bank 1 7.49% $0

    Lamesa Average Closing Costs & Other Stats

    Lamesa, TX's 16 lenders originated 83 loans during 2023. The total origination value was $13,585,000, with an average loan value of $163,675.

    Lamesa's average closing costs are $5,842.

    The top Lamesa lender as defined by loan originations is LRS FINANCIAL NETWORK, INC., with 4 loans originated. Their average total fees are $6,163, which is $248 lower than the next largest lender, First United Bank.

    The lowest fee Lamesa lenders (with over 10 loans originated) are .

    The lowest rate Lamesa lenders (with over 10 loans originated) are .

    Lamesa, 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
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,750,000 $3,095,000 76.9% 22.8%
    LRS FINANCIAL NETWORK, INC. $370,000 $1,280,000 245.9% 9.4%
    INTERLINC MORTGAGE SERVICES, LLC $490,000 $760,000 55.1% 5.6%
    T2 FINANCIAL LLC $705,000 n/a 5.2%
    First United Bank $985,000 $570,000 -42.1% 4.2%
    QUICKEN LOANS, LLC $1,000,000 $480,000 -52.0% 3.5%
    City Bank $165,000 $435,000 163.6% 3.2%
    CARDINAL FINANCIAL $170,000 $420,000 147.1% 3.1%
    Bank of America $375,000 n/a 2.8%
    THRIVE MORTGAGE, LLC $575,000 $370,000 -35.7% 2.7%
    Prosperity Bank $140,000 $360,000 157.1% 2.6%
    BROOKHOLLOW MORTGAGE SERVICES, LTD $345,000 n/a 2.5%
    Mortgage Research Center, LLC $815,000 $330,000 -59.5% 2.4%
    AMERISAVE MORTGAGE CORPORATION $320,000 n/a 2.4%
    Alliance Credit Union $995,000 $315,000 -68.3% 2.3%
    PENNYMAC LOAN SERVICES, LLC $300,000 n/a 2.2%
    21ST MORTGAGE CORPORATION $200,000 $290,000 45.0% 2.1%
    Community National Bank $270,000 n/a 2.0%
    AmeriHome Mortgage Company, LLC $265,000 n/a 2.0%
    ZILLOW HOME LOANS, LLC $225,000 n/a 1.7%
    UNITED WHOLESALE MORTGAGE, LLC $205,000 n/a 1.5%
    NBKC BANK $195,000 n/a 1.4%
    PlainsCapital Bank $185,000 n/a 1.4%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $180,000 n/a 1.3%
    GUARANTEED RATE, INC. $175,000 n/a 1.3%
    West Texas National Bank $175,000 n/a 1.3%
    BancorpSouth $165,000 n/a 1.2%
    AMCAP MORTGAGE, LTD. $300,000 $135,000 -55.0% 1.0%
    Century Mortgage Company DBA Century Lending Company $135,000 n/a 1.0%
    MORTGAGE FINANCIAL SERVICES, LLC $155,000 $105,000 -32.3% 0.8%
    LOANDEPOT.COM, LLC $320,000 $95,000 -70.3% 0.7%
    Discover Bank $85,000 n/a 0.6%
    Wells Fargo Bank $185,000 $65,000 -64.9% 0.5%
    MUTUAL OF OMAHA MORTGAGE, INC. $45,000 n/a 0.3%
    NAVY FEDERAL CREDIT UNION $15,000 n/a 0.1%

    Lamesa's top lender by overall market share is ARK-LA-TEX FINANCIAL SERVICES, LLC., with 22.8% market share. In second place, with 9.4%, is LRS FINANCIAL NETWORK, INC., having originated $1,280,000 in loans. In third place, with 5.6%, is INTERLINC MORTGAGE SERVICES, LLC, having originated $760,000 in loans. In fourth place, with 5.2%, is T2 FINANCIAL LLC, having originated $705,000 in loans. In fifth place, with 4.2%, is First United Bank, having originated $570,000 in loans.

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

    Realtor.com - Lamesa (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 $114,950 (21.1%) $127,635 (5.8%) 0.00 37
    2018-02-01 $101,375 (11.1%) $116,009 (1.8%) 0.00 40
    2018-03-01 $99,500 (12.6%) $126,710 (18.7%) 0.00 39
    2018-04-01 $122,500 (36.5%) $148,514 (34.0%) 0.00 37
    2018-05-01 $123,750 (38.3%) $153,556 (40.2%) 0.00 35
    2018-06-01 $125,000 (47.1%) $158,666 (54.8%) 0.00 30
    2018-07-01 $118,000 (38.8%) $161,702 (58.0%) 0.00 29
    2018-08-01 $124,975 (48.2%) $164,318 (63.0%) 0.00 32
    2018-09-01 $139,900 (59.9%) $172,563 (41.0%) 0.00 25
    2018-10-01 $147,450 (49.9%) $167,971 (38.2%) 0.00 25
    2018-11-01 $151,175 (44.0%) $195,447 (48.7%) 0.00 28
    2018-12-01 $155,000 (47.6%) $194,137 (48.7%) 0.00 26
    2019-01-01 $172,500 (50.1%) $200,786 (57.3%) 0.00 25
    2019-02-01 $184,200 (81.7%) $212,849 (83.5%) 0.00 26
    2019-03-01 $173,571 (74.4%) $205,424 (62.1%) 0.00 30
    2019-04-01 $157,500 (28.6%) $193,476 (30.3%) 0.00 28
    2019-05-01 $147,000 (18.8%) $180,250 (17.4%) 0.00 26
    2019-06-01 $150,000 (20.0%) $169,954 (7.1%) 0.00 23
    2019-07-01 $157,750 (33.7%) $182,034 (12.6%) 0.00 24
    2019-08-01 $169,909 (36.0%) $192,160 (16.9%) 0.00 23
    2019-09-01 $161,523 (15.5%) $197,140 (14.2%) 0.00 22
    2019-10-01 $155,000 (5.1%) $199,675 (18.9%) 0.00 21
    2019-11-01 $145,000 (-4.1%) $165,365 (-15.4%) 0.00 20
    2019-12-01 $154,500 (-0.3%) $172,031 (-11.4%) 0.00 21
    2020-01-01 $184,500 (7.0%) $197,331 (-1.7%) 0.00 24
    2020-02-01 $184,500 (0.2%) $188,575 (-11.4%) 0.00 25
    2020-03-01 $150,000 (-13.6%) $177,191 (-13.7%) 0.00 28
    2020-04-01 $161,250 (2.4%) $182,971 (-5.4%) 0.00 22
    2020-05-01 $169,999 (15.7%) $204,021 (13.2%) 0.00 22
    2020-06-01 $172,374 (14.9%) $201,610 (18.6%) 0.00 25
    2020-07-01 $156,000 (-1.1%) $180,715 (-0.7%) 0.00 26
    2020-08-01 $135,000 (-20.6%) $160,113 (-16.7%) 0.00 24
    2020-09-01 $127,250 (-21.2%) $153,748 (-22.0%) 0.00 22
    2020-10-01 $144,000 (-7.1%) $167,795 (-16.0%) 0.00 22
    2020-11-01 $153,850 (6.1%) $170,278 (3.0%) 0.00 21
    2020-12-01 $141,450 (-8.5%) $163,200 (-5.1%) 0.00 24
    2021-01-01 $135,000 (-26.8%) $158,217 (-19.8%) 0.00 21
    2021-02-01 $140,900 (-23.6%) $167,444 (-11.2%) 0.00 19
    2021-03-01 $138,950 (-7.4%) $162,657 (-8.2%) 0.00 16
    2021-04-01 $143,750 (-10.9%) $164,396 (-10.2%) 0.00 14
    2021-05-01 $119,500 (-29.7%) $127,965 (-37.3%) 0.00 20
    2021-06-01 $137,500 (-20.2%) $148,391 (-26.4%) 0.00 22
    2021-07-01 $130,000 (-16.7%) $139,181 (-23.0%) 0.00 22
    2021-08-01 $135,625 (0.5%) $150,197 (-6.2%) 0.00 23
    2021-09-01 $137,125 (7.8%) $152,045 (-1.1%) 0.00 25
    2021-10-01 $141,500 (-1.7%) $155,259 (-7.5%) 0.00 21
    2021-11-01 $139,000 (-9.7%) $143,853 (-15.5%) 0.00 20
    2021-12-01 $129,500 (-8.5%) $149,715 (-8.3%) 0.00 25
    2022-01-01 $139,000 (3.0%) $150,139 (-5.1%) 0.00 23
    2022-02-01 $154,350 (9.6%) $173,775 (3.8%) 0.00 13
    2022-03-01 $159,700 (14.9%) $180,231 (10.8%) 0.00 12
    2022-04-01 $175,250 (21.9%) $202,808 (23.4%) 0.00 12
    2022-05-01 $211,500 (77.0%) $239,337 (87.0%) 0.00 11
    2022-06-01 $218,750 (59.1%) $241,681 (62.9%) 0.00 14
    2022-07-01 $199,950 (53.8%) $220,394 (58.4%) 0.00 21
    2022-08-01 $195,000 (43.8%) $223,109 (48.5%) 0.00 29
    2022-09-01 $187,499 (36.7%) $227,749 (49.8%) 0.00 37
    2022-10-01 $190,000 (34.3%) $226,018 (45.6%) 0.00 34
    2022-11-01 $181,225 (30.4%) $218,611 (52.0%) 0.00 38
    2022-12-01 $156,000 (20.5%) $211,640 (41.4%) 0.00 39
    2023-01-01 $176,250 (26.8%) $216,948 (44.5%) 0.00 32
    2023-02-01 $172,000 (11.4%) $209,452 (20.5%) 0.00 32
    2023-03-01 $155,998 (-2.3%) $202,512 (12.4%) 0.00 25
    2023-04-01 $170,000 (-3.0%) $213,788 (5.4%) 0.00 23
    2023-05-01 $189,750 (-10.3%) $227,940 (-4.8%) 0.00 21
    2023-06-01 $219,225 (0.2%) $236,536 (-2.1%) 0.00 22
    2023-07-01 $169,000 (-15.5%) $208,524 (-5.4%) 0.00 33
    2023-08-01 $180,000 (-7.7%) $213,755 (-4.2%) 0.00 38
    2023-09-01 $185,000 (-1.3%) $217,087 (-4.7%) 0.00 38
    2023-10-01 $190,000 (0.0%) $217,649 (-3.7%) 0.00 40
    2023-11-01 $192,000 (6.0%) $219,062 (0.2%) 0.00 34
    2023-12-01 $195,000 (25.0%) $222,763 (5.3%) 0.00 35
    2024-01-01 $190,250 (7.9%) $218,453 (0.7%) 0.00 34
    2024-02-01 $191,500 (11.3%) $224,341 (7.1%) 0.00 33
    2024-03-01 $187,000 (19.9%) $205,623 (1.5%) 0.00 34
    2024-04-01 $180,875 (6.4%) $209,666 (-1.9%) 0.00 36
    2024-05-01 $180,500 (-4.9%) $206,238 (-9.5%) 0.00 41
    2024-06-01 $178,000 (-18.8%) $199,960 (-15.5%) 0.00 37
    2024-07-01 $172,463 (2.1%) $180,696 (-13.4%) 0.00 38
    2024-08-01 $175,000 (-2.8%) $228,817 (7.1%) 0.00 37
    2024-09-01 $187,000 (1.1%) $248,585 (14.5%) 0.00 31
    2024-10-01 $181,500 (-4.5%) $261,421 (20.1%) 0.00 28
    Lamesa's median listing price for 2024-10-01 was $181,500, a difference of $-8,500 (-4.5%) versus the prior year and $-5,500 versus the prior month.

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

    Lamesa's average listing price for 2024-10-01 was $261,421, a difference of $43,772 (20.1%) versus the prior year and $12,836 versus the prior month.

    For the 2024-10-01 period, Lamesa had 28 MLS listings, a difference of -3 listings (-10%) versus the prior month and -12 listings (-30%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lamesa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,822 sqft
    2018-02-01 0 days 1,831 sqft
    2018-03-01 0 days 1,965 sqft
    2018-04-01 0 days 2,016 sqft
    2018-05-01 0 days 2,123 sqft
    2018-06-01 0 days 2,077 sqft
    2018-07-01 0 days 2,141 sqft
    2018-08-01 0 days 2,088 sqft
    2018-09-01 0 days 2,166 sqft
    2018-10-01 0 days 2,159 sqft
    2018-11-01 0 days 2,245 sqft
    2018-12-01 0 days 2,222 sqft
    2019-01-01 0 days 2,314 sqft
    2019-02-01 0 days 2,418 sqft
    2019-03-01 0 days 2,246 sqft
    2019-04-01 0 days 2,101 sqft
    2019-05-01 0 days 2,147 sqft
    2019-06-01 0 days 2,088 sqft
    2019-07-01 0 days 2,236 sqft
    2019-08-01 0 days 2,305 sqft
    2019-09-01 0 days 2,359 sqft
    2019-10-01 0 days 2,398 sqft
    2019-11-01 0 days 2,187 sqft
    2019-12-01 0 days 2,227 sqft
    2020-01-01 0 days 2,398 sqft
    2020-02-01 0 days 2,287 sqft
    2020-03-01 0 days 2,114 sqft
    2020-04-01 0 days 2,107 sqft
    2020-05-01 0 days 2,139 sqft
    2020-06-01 0 days 2,149 sqft
    2020-07-01 0 days 2,129 sqft
    2020-08-01 0 days 2,119 sqft
    2020-09-01 0 days 1,974 sqft
    2020-10-01 0 days 2,106 sqft
    2020-11-01 0 days 2,151 sqft
    2020-12-01 0 days 1,979 sqft
    2021-01-01 0 days 2,059 sqft
    2021-02-01 0 days 2,253 sqft
    2021-03-01 0 days 2,186 sqft
    2021-04-01 0 days 2,163 sqft
    2021-05-01 0 days 1,589 sqft
    2021-06-01 0 days 1,864 sqft
    2021-07-01 0 days 1,927 sqft
    2021-08-01 0 days 1,856 sqft
    2021-09-01 0 days 1,913 sqft
    2021-10-01 0 days 1,927 sqft
    2021-11-01 0 days 1,927 sqft
    2021-12-01 0 days 1,904 sqft
    2022-01-01 0 days 1,979 sqft
    2022-02-01 0 days 2,120 sqft
    2022-03-01 0 days 2,065 sqft
    2022-04-01 0 days 2,001 sqft
    2022-05-01 0 days 2,177 sqft
    2022-06-01 0 days 2,338 sqft
    2022-07-01 0 days 2,033 sqft
    2022-08-01 0 days 2,084 sqft
    2022-09-01 0 days 2,093 sqft
    2022-10-01 0 days 2,268 sqft
    2022-11-01 0 days 2,265 sqft
    2022-12-01 0 days 2,105 sqft
    2023-01-01 0 days 2,302 sqft
    2023-02-01 0 days 2,220 sqft
    2023-03-01 0 days 2,257 sqft
    2023-04-01 0 days 2,290 sqft
    2023-05-01 0 days 2,168 sqft
    2023-06-01 0 days 2,520 sqft
    2023-07-01 0 days 1,955 sqft
    2023-08-01 0 days 1,904 sqft
    2023-09-01 0 days 1,984 sqft
    2023-10-01 0 days 2,048 sqft
    2023-11-01 0 days 2,048 sqft
    2023-12-01 0 days 2,180 sqft
    2024-01-01 0 days 2,116 sqft
    2024-02-01 0 days 2,192 sqft
    2024-03-01 0 days 2,180 sqft
    2024-04-01 0 days 2,104 sqft
    2024-05-01 0 days 2,092 sqft
    2024-06-01 0 days 2,030 sqft
    2024-07-01 0 days 1,869 sqft
    2024-08-01 0 days 1,871 sqft
    2024-09-01 0 days 2,117 sqft
    2024-10-01 0 days 2,209 sqft
    Lamesa's median listing age (time on market) for 2024-10-01 was 0 days.

    Lamesa's median square footage for active listings during the 2024-10-01 period was 2,209 sqft. One year prior, the average listing was 2,048 sqft.

    Lamesa, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 70 $12,010,000 $171,571
    Cash Out Refi 6 $700,000 $116,667
    Other 3 $245,000 $81,667
    Refi 3 $615,000 $205,000
    Home Improvement 1 $15,000 $15,000

    Lamesa's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 36 $6,350,000 $176,389
    7-8% 23 $4,005,000 $174,130
    5-6% 12 $1,880,000 $156,667
    Over 8% 7 $715,000 $102,143
    <2.5% 1 $5,000 $5,000

    During 2023, Lamesa's most frequently originated rate bucket was 6-7%, with 36 originations.

    Loan Sizing (Lamesa, TX MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 48 $6,950,000 $144,792
    $200k-400k 20 $5,460,000 $273,000
    $100,000 or less 14 $770,000 $55,000
    $400k-600k 1 $405,000 $405,000

    Lamesa's loan sizing saw the bucket of loans from $100k-200k with 48 originations, totaling $6,950,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 57 $10,725,000 $188,158
    60-80% 11 $1,375,000 $125,000
    40-60% 6 $710,000 $118,333
    Under 20% 3 $25,000 $8,333
    20-40% 2 $120,000 $60,000

    Lamesa's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 57 originations, totaling $10,725,000 in origination value.