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 6.32% for the week of 2024-10-10, compared to the national average of 6.32% for the same period.

The average rate for the prior week (2024-10-03) was 6.02% and one month ago for the week of 2024-09-05, the average rate was 6.35%.

Lamesa's average rate one year ago was 7.59%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.32%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Lamesa 30 Year Fixed Rate 2024-10-10 6.32%
Lamesa 30 Year Fixed Rate Refi 2024-10-10 6.32%
Lamesa 15 Year Fixed Rate 2024-10-10 5.21%
Lamesa 15 Year Fixed Rate Refi 2024-10-10 5.61%
Lamesa 30 Year FHA 2024-10-10 6.2%
Lamesa 30 Year FHA Refi 2024-10-10 6.1%
Lamesa 30 Year USDA 2024-10-10 6.28%
Lamesa 30 Year USDA Refi 2024-10-10 6.28%
Lamesa 30 Year VA 2024-10-10 5.75%
Lamesa 30 Year VA Refi 2024-10-10 5.85%
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
Lamesa's median listing price for 2024-09-01 was $187,000, a difference of $2,000 (1.1%) versus the prior year and $12,000 versus the prior month.

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

Lamesa's average listing price for 2024-09-01 was $248,585, a difference of $31,498 (14.5%) versus the prior year and $19,768 versus the prior month.

For the 2024-09-01 period, Lamesa had 31 MLS listings, a difference of -6 listings (-16%) versus the prior month and -7 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 1,831 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
Lamesa's median listing age (time on market) for 2024-09-01 was 0 days.

Lamesa's median square footage for active listings during the 2024-09-01 period was 2,117 sqft. One year prior, the average listing was 1,984 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.