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 6.62% for the week of 2025-04-10, compared to the national average of 6.62% for the same period.

    The average rate for the prior week (2025-04-03) was 6.64% and one month ago for the week of 2025-03-06, the average rate was 6.83%.

    Lamesa's average rate one year ago was 6.92%.

    For refis of the same type during the week of 2025-04-10, the average rate was 6.82%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    First United Bank 7 6.80% $4,954
    JPMorgan Chase Bank 5 6.53% $4,946
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.38% $4,723
    QUICKEN LOANS, LLC 2 7.13% $5,883
    ROYAL UNITED MORTGAGE LLC 2 7.31% $6,848
    T2 FINANCIAL LLC 2 6.69% $4,609
    LRS FINANCIAL NETWORK, INC. 1 7.13% $5,269
    NAVY FEDERAL CREDIT UNION 1 6.13% $3,393
    TEXAS TECH 1 7.13% $6,135
    THE MORTGAGE LINK, INC. 1 7.13% $12,155
    UNITED WHOLESALE MORTGAGE, LLC 1 6.63% $5,836
    CARDINAL FINANCIAL 1 7.38% $5,546
    Carrington Mortgage Services, LLC 1 8.00% $4,486
    Centennial Bank 1 7.75% $4,749
    Farm Credit Mid-America, ACA 1 7.13% $7,334
    GUILD MORTGAGE COMPANY 1 6.50% $4,235

    Lamesa Average Closing Costs & Other Stats

    Lamesa, TX's 16 lenders originated 81 loans during 2024. The total origination value was $12,765,000, with an average loan value of $157,593.

    Lamesa's average closing costs are $5,887.

    The top Lamesa lender as defined by loan originations is First United Bank, with 7 loans originated. Their average total fees are $4,954, which is $9 higher than the next largest lender, JPMorgan Chase 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $3,095,000 $1,720,000 -44.4% 13.5%
    INTERLINC MORTGAGE SERVICES, LLC $760,000 $1,610,000 111.8% 12.6%
    First United Bank $570,000 $1,600,000 180.7% 12.5%
    JPMorgan Chase Bank $1,080,000 n/a 8.5%
    T2 FINANCIAL LLC $705,000 $1,060,000 50.4% 8.3%
    CARDINAL FINANCIAL $420,000 $555,000 32.1% 4.3%
    Mortgage Research Center, LLC $330,000 $525,000 59.1% 4.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $370,000 n/a 2.9%
    QUICKEN LOANS, LLC $480,000 $370,000 -22.9% 2.9%
    UNITED WHOLESALE MORTGAGE, LLC $205,000 $370,000 80.5% 2.9%
    Vista Bank $315,000 n/a 2.5%
    TEXAS TECH $255,000 n/a 2.0%
    AMERICAN PORTFOLIO MORTGAGE CORPORATION $235,000 n/a 1.8%
    THE MORTGAGE LINK, INC. $235,000 n/a 1.8%
    FLAT BRANCH MORTGAGE, INC. $230,000 n/a 1.8%
    Farm Credit Mid-America, ACA $225,000 n/a 1.8%
    GUILD MORTGAGE COMPANY $210,000 n/a 1.6%
    LRS FINANCIAL NETWORK, INC. $1,280,000 $205,000 -84.0% 1.6%
    DIRECTIONS EQUITY, LLC $175,000 n/a 1.4%
    21ST MORTGAGE CORPORATION $290,000 $155,000 -46.6% 1.2%
    NAVY FEDERAL CREDIT UNION $15,000 $155,000 933.3% 1.2%
    ROYAL UNITED MORTGAGE LLC $150,000 n/a 1.2%
    Centennial Bank $145,000 n/a 1.1%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $145,000 n/a 1.1%
    Alliance Credit Union $315,000 $140,000 -55.6% 1.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $180,000 $120,000 -33.3% 0.9%
    Discover Bank $85,000 $115,000 35.3% 0.9%
    NEWREZ LLC $115,000 n/a 0.9%
    SOUTHWEST STAGE FUNDING, LLC $105,000 n/a 0.8%
    Carrington Mortgage Services, LLC $75,000 n/a 0.6%

    Lamesa's top lender by overall market share is ARK-LA-TEX FINANCIAL SERVICES, LLC., with 13.5% market share. In second place, with 12.6%, is INTERLINC MORTGAGE SERVICES, LLC, having originated $1,610,000 in loans. In third place, with 12.5%, is First United Bank, having originated $1,600,000 in loans. In fourth place, with 8.5%, is JPMorgan Chase Bank, having originated $1,080,000 in loans. In fifth place, with 8.3%, is T2 FINANCIAL LLC, having originated $1,060,000 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
    2024-11-01 $187,000 (-2.6%) $265,011 (21.0%) 0.00 28
    2024-12-01 $183,250 (-6.0%) $255,962 (14.9%) 0.00 31
    Lamesa's median listing price for 2024-12-01 was $183,250, a difference of $-11,750 (-6.0%) versus the prior year and $-3,750 versus the prior month.

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

    Lamesa's average listing price for 2024-12-01 was $255,962, a difference of $33,199 (14.9%) versus the prior year and $-9,049 versus the prior month.

    For the 2024-12-01 period, Lamesa had 31 MLS listings, a difference of 3 listings (11%) versus the prior month and -4 listings (-11%) 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
    2024-11-01 0 days 2,197 sqft
    2024-12-01 0 days 2,125 sqft
    Lamesa's median listing age (time on market) for 2024-12-01 was 0 days.

    Lamesa's median square footage for active listings during the 2024-12-01 period was 2,125 sqft. One year prior, the average listing was 2,180 sqft.

    Lamesa, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 73 $11,865,000 $162,534
    Refi 4 $360,000 $90,000
    Cash Out Refi 3 $435,000 $145,000
    Other 1 $105,000 $105,000

    Lamesa's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Refi, with 4 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 38 $6,600,000 $173,684
    7-8% 31 $4,755,000 $153,387
    Over 8% 6 $490,000 $81,667
    5-6% 4 $600,000 $150,000
    <2.5% 1 $5,000 $5,000

    During 2024, Lamesa's most frequently originated rate bucket was 6-7%, with 38 originations.

    Loan Sizing (Lamesa, TX MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 44 $6,340,000 $144,091
    $200k-400k 20 $4,960,000 $248,000
    $100,000 or less 16 $1,040,000 $65,000
    $400k-600k 1 $425,000 $425,000

    Lamesa's loan sizing saw the bucket of loans from $100k-200k with 44 originations, totaling $6,340,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 58 $10,160,000 $175,172
    60-80% 14 $1,870,000 $133,571
    40-60% 4 $360,000 $90,000
    Under 20% 3 $15,000 $5,000
    20-40% 1 $45,000 $45,000

    Lamesa's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 58 originations, totaling $10,160,000 in origination value.