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 7.19% for the week of 2023-11-22, compared to the national average of 7.29% for the same period.

    The average rate for the prior week (2023-11-16) was 7.64% and one month ago for the week of 2023-10-19, the average rate was 7.43%.

    Lamesa's average rate one year ago was 6.41%.

    For refis of the same type during the week of 2023-11-22, the average rate was 7.79%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-11-22 7.29%
    Lamesa 30 Year Fixed Rate 2023-11-22 7.19%
    Lamesa 30 Year Fixed Rate Refi 2023-11-22 7.79%
    Lamesa 15 Year Fixed Rate 2023-11-22 6.77%
    Lamesa 15 Year Fixed Rate Refi 2023-11-22 7.17%
    Lamesa 30 Year FHA 2023-11-22 -0.2%
    Lamesa 30 Year FHA Refi 2023-11-22 0.3%
    Lamesa 30 Year USDA 2023-11-22 0.2%
    Lamesa 30 Year USDA Refi 2023-11-22 0%
    Lamesa 30 Year VA 2023-11-22 0.1%
    Lamesa 30 Year VA Refi 2023-11-22 -0.2%
    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 $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 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
    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
    Lamesa's median listing price for 2023-10-01 was $190,000, a difference of $0 (0.0%) versus the prior year and $5,000 versus the prior month.

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

    Lamesa's average listing price for 2023-10-01 was $217,649, a difference of $-8,369 (-3.7%) versus the prior year and $562 versus the prior month.

    For the 2023-10-01 period, Lamesa had 40 MLS listings, a difference of 2 listings (5%) versus the prior month and 6 listings (18%) 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 2,257 sqft
    2019-04-01 0 days 2,126 sqft
    2019-05-01 0 days 2,181 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 2,026 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
    2023-05-01 0 days 2,039 sqft
    2023-06-01 0 days 2,325 sqft
    2023-07-01 0 days 1,942 sqft
    2023-08-01 0 days 1,882 sqft
    2023-09-01 0 days 1,963 sqft
    2023-10-01 0 days 2,047 sqft
    Lamesa's median listing age (time on market) for 2023-10-01 was 0 days.

    Lamesa's median square footage for active listings during the 2023-10-01 period was 2,047 sqft. One year prior, the average listing was 2,245 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.