Lamesa Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Lamesa averaged 6.77% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

The average rate for the prior week (2023-05-18) was 6.39% and one month ago for the week of 2023-04-20, the average rate was 6.29%.

Lamesa's average rate one year ago was 5.25%.

For refis of the same type during the week of 2023-05-25, the average rate was 6.87%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-05-25 6.57%
Lamesa 30 Year Fixed Rate 2023-05-25 6.77%
Lamesa 30 Year Fixed Rate Refi 2023-05-25 6.87%
Lamesa 15 Year Fixed Rate 2023-05-25 5.77%
Lamesa 15 Year Fixed Rate Refi 2023-05-25 6.47%
Lamesa 30 Year FHA 2023-05-25 6.51%
Lamesa 30 Year FHA Refi 2023-05-25 6.71%
Lamesa 30 Year USDA 2023-05-25 6.53%
Lamesa 30 Year USDA Refi 2023-05-25 6.63%
Lamesa 30 Year VA 2023-05-25 6.41%
Lamesa 30 Year VA Refi 2023-05-25 6.21%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 6.17% $3,490
QUICKEN LOANS, LLC 5 5.70% $5,345
THRIVE MORTGAGE, LLC 3 5.08% $5,456
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.56% $5,956
TEXAS TECH 2 4.69% $4,439
Farm Credit Mid-America, ACA 1 6.50% $13,754
First Bank & Trust 1 5.75% $7,157
First Basin Credit Union 1 5.25% $5,450
First United Bank 1 3.75% $10,472
INTEGRITY MORTGAGE CORPORATION OF TEXAS 1 5.99% $6,239
LOANDEPOT.COM, LLC 1 5.50% $10,335
Amarillo National Bank 1 6.63% $7,297
Wells Fargo Bank 1 4.25% $7,119
AMERICAN FINANCING CORPORATION 1 5.75% $6,539
CALIBER HOME LOANS, INC. 1 9.38% $8,567
Centennial Bank 1 3.88% $3,953
City Bank 1 3.75% $9,975

Lamesa Average Closing Costs & Other Stats

Lamesa, TX's 17 lenders originated 104 loans during 2022. The total origination value was $15,770,000, with an average loan value of $151,635.

Lamesa's average closing costs are $5,615.

The top Lamesa lender as defined by loan originations is ARK-LA-TEX FINANCIAL SERVICES, LLC., with 6 loans originated. Their average total fees are $3,490, which is $1,855 lower than the next largest lender, QUICKEN LOANS, LLC.

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,805,000 $1,750,000 -3.0% 11.1%
QUICKEN LOANS, LLC $1,420,000 $1,000,000 -29.6% 6.3%
Alliance Credit Union $660,000 $995,000 50.8% 6.3%
First United Bank $955,000 $985,000 3.1% 6.2%
First Bank & Trust $890,000 $900,000 1.1% 5.7%
Mortgage Research Center, LLC $815,000 n/a 5.2%
The First National Bank of Albany $765,000 n/a 4.9%
FirstCapital Bank of Texas $645,000 n/a 4.1%
THRIVE MORTGAGE, LLC $730,000 $575,000 -21.2% 3.6%
Farm Credit Mid-America, ACA $535,000 n/a 3.4%
EVERETT FINANCIAL, INC. $510,000 n/a 3.2%
INTERLINC MORTGAGE SERVICES, LLC $1,060,000 $490,000 -53.8% 3.1%
LRS FINANCIAL NETWORK, INC. $1,260,000 $370,000 -70.6% 2.3%
CALIBER HOME LOANS, INC. $75,000 $350,000 366.7% 2.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $345,000 n/a 2.2%
LOANDEPOT.COM, LLC $320,000 n/a 2.0%
AMCAP MORTGAGE, LTD. $355,000 $300,000 -15.5% 1.9%
Centennial Bank $290,000 n/a 1.8%
Gateway First Bank $505,000 $285,000 -43.6% 1.8%
TEXAS TECH $355,000 $260,000 -26.8% 1.6%
GREAT WESTERN FINANCIAL SERVICES, INC. $250,000 n/a 1.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $460,000 $240,000 -47.8% 1.5%
21ST MORTGAGE CORPORATION $400,000 $200,000 -50.0% 1.3%
Wells Fargo Bank $365,000 $185,000 -49.3% 1.2%
AMERICAN FINANCING CORPORATION $180,000 n/a 1.1%
Encompass Lending Group, LP $175,000 n/a 1.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $170,000 n/a 1.1%
City Bank $460,000 $165,000 -64.1% 1.0%
First Basin Credit Union $165,000 n/a 1.0%
U.S. Bank $215,000 $165,000 -23.3% 1.0%
Amarillo National Bank $185,000 $155,000 -16.2% 1.0%
CITY FIRST MORTGAGE SERVICES, L.L.C. $155,000 n/a 1.0%
MORTGAGE FINANCIAL SERVICES, LLC $215,000 $155,000 -27.9% 1.0%
MOUNTAIN WEST FINANCIAL, INC. $150,000 n/a 1.0%
Prosperity Bank $290,000 $140,000 -51.7% 0.9%
AMERICAN PACIFIC MORTGAGE CORPORATION $125,000 n/a 0.8%
MORTGAGE SOLUTIONS OF COLORADO, LLC $125,000 n/a 0.8%
Carrington Mortgage Services, LLC $285,000 $105,000 -63.2% 0.7%
CHURCHILL MORTGAGE CORPORATION $95,000 n/a 0.6%
INTEGRITY MORTGAGE CORPORATION OF TEXAS $85,000 n/a 0.5%
LOANPAL, LLC $55,000 n/a 0.3%
EL PASO AREA TEACHERS $45,000 n/a 0.3%

Lamesa's top lender by overall market share is ARK-LA-TEX FINANCIAL SERVICES, LLC., with 11.1% market share. In second place, with 6.3%, is QUICKEN LOANS, LLC, having originated $1,000,000 in loans. In third place, with 6.3%, is Alliance Credit Union, having originated $995,000 in loans. In fourth place, with 6.2%, is First United Bank, having originated $985,000 in loans. In fifth place, with 5.7%, is First Bank & Trust, having originated $900,000 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 $180,000 (80.9%) $200,119 (57.9%) 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 $175,500 (40.4%) $187,397 (14.1%) 0.00 26
2019-09-01 $153,500 (9.7%) $204,258 (18.4%) 0.00 19
2019-10-01 $152,000 (3.1%) $198,193 (18.0%) 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 (-16.7%) $177,191 (-11.5%) 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 (-23.1%) $160,113 (-14.6%) 0.00 24
2020-09-01 $127,250 (-17.1%) $153,748 (-24.7%) 0.00 22
2020-10-01 $144,000 (-5.3%) $167,795 (-15.3%) 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 23
2021-01-01 $135,000 (-26.8%) $158,217 (-19.8%) 0.00 20
2021-02-01 $140,900 (-23.6%) $167,444 (-11.2%) 0.00 18
2021-03-01 $138,950 (-7.4%) $162,657 (-8.2%) 0.00 15
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
Lamesa's median listing price for 2023-04-01 was $170,000, a difference of $-5,250 (-3.0%) versus the prior year and $14,002 versus the prior month.

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

Lamesa's average listing price for 2023-04-01 was $213,788, a difference of $10,980 (5.4%) versus the prior year and $11,276 versus the prior month.

For the 2023-04-01 period, Lamesa had 23 MLS listings, a difference of -2 listings (-8%) versus the prior month and 11 listings (92%) 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 1,836 sqft
2018-03-01 0 days 1,972 sqft
2018-04-01 0 days 2,038 sqft
2018-05-01 0 days 2,137 sqft
2018-06-01 0 days 2,083 sqft
2018-07-01 0 days 2,143 sqft
2018-08-01 0 days 2,095 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 2,278 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 2,270 sqft
2019-09-01 0 days 2,399 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 2,026 sqft
2022-09-01 0 days 2,010 sqft
2022-10-01 0 days 2,245 sqft
2022-11-01 0 days 2,238 sqft
2022-12-01 0 days 1,920 sqft
2023-01-01 0 days 2,290 sqft
2023-02-01 0 days 2,079 sqft
2023-03-01 0 days 2,213 sqft
2023-04-01 0 days 2,286 sqft
Lamesa's median listing age (time on market) for 2023-04-01 was 0 days.

Lamesa's median square footage for active listings during the 2023-04-01 period was 2,286 sqft. One year prior, the average listing was 2,001 sqft.

Lamesa, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 80 $11,860,000 $148,250
Cash Out Refi 12 $2,190,000 $182,500
Refi 9 $1,425,000 $158,333
Home Improvement 2 $140,000 $70,000
Other 1 $155,000 $155,000

Lamesa's most frequently cited loan purpose was Home Purchase, with 80 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 37 $5,455,000 $147,432
4-5% 24 $3,240,000 $135,000
6-7% 13 $2,185,000 $168,077
3-4% 11 $2,025,000 $184,091
7-8% 6 $610,000 $101,667
Over 8% 4 $410,000 $102,500
2.5-3% 4 $420,000 $105,000
<2.5% 3 $15,000 $5,000

During 2022, Lamesa's most frequently originated rate bucket was 5-6%, with 37 originations.

Loan Sizing (Lamesa, TX MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 64 $8,920,000 $139,375
$100,000 or less 23 $1,295,000 $56,304
$200k-400k 13 $3,085,000 $237,308
$400k-600k 2 $1,060,000 $530,000
$600k-1000k 2 $1,410,000 $705,000

Lamesa's loan sizing saw the bucket of loans from $100k-200k with 64 originations, totaling $8,920,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 68 $10,530,000 $154,853
60-80% 20 $2,840,000 $142,000
40-60% 5 $625,000 $125,000
Under 20% 5 $55,000 $11,000
20-40% 3 $265,000 $88,333

Lamesa's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 68 originations, totaling $10,530,000 in origination value.