Levelland Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Levelland averaged
6.55%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
6.95% and
one month ago for the week of 2025-05-29, the
average rate was 7.17%.
Levelland's average rate one year ago was 6.84%.
For refis of the same type during the week of 2025-07-03, the average rate
was 7.17%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Levelland 30 Year Fixed Rate | 2025-07-03 | 6.55% |
| Levelland 30 Year Fixed Rate Refi | 2025-07-03 | 7.17% |
| Levelland 15 Year Fixed Rate | 2025-07-03 | 5.6% |
| Levelland 15 Year Fixed Rate Refi | 2025-07-03 | 6.3% |
| Levelland 30 Year FHA | 2025-07-03 | 0.23% |
| Levelland 30 Year FHA Refi | 2025-07-03 | 0.2% |
| Levelland 30 Year USDA | 2025-07-03 | 0.1% |
| Levelland 30 Year USDA Refi | 2025-07-03 | -0.2% |
| Levelland 30 Year VA | 2025-07-03 | 0% |
| Levelland 30 Year VA Refi | 2025-07-03 | -0.2% |
Levelland 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 Levelland, 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.).
Levelland Average Closing Costs & Other Stats
Levelland, TX's 27 lenders originated 295
loans during 2024. The total origination value was $60,745,000, with an average loan value of
$205,915.
Levelland's average closing costs are $6,010.
The top Levelland lender as defined by loan originations is City Bank, with
11 loans originated. Their average total fees are
$7,544, which is $1,749
higher than the next largest lender,
TEXAS TECH.
The lowest fee Levelland lenders (with over 10 loans originated) are
TEXAS TECH ($5,795), QUICKEN LOANS, LLC ($6,978), City Bank ($7,544), .
The lowest rate Levelland lenders (with over 10 loans originated) are
TEXAS TECH (6.41%), City Bank (6.83%), QUICKEN LOANS, LLC (6.97%), .
Levelland, 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 |
|---|---|---|---|---|
| FLAT BRANCH MORTGAGE, INC. | $6,030,000 | $7,445,000 | 23.5% | 12.3% |
| City Bank | $6,630,000 | $5,995,000 | -9.6% | 9.9% |
| Alliance Credit Union | $3,615,000 | $4,040,000 | 11.8% | 6.7% |
| 21ST MORTGAGE CORPORATION | $2,415,000 | $3,960,000 | 64.0% | 6.5% |
| TEXAS TECH | $5,005,000 | $3,935,000 | -21.4% | 6.5% |
| QUICKEN LOANS, LLC | $2,770,000 | $3,215,000 | 16.1% | 5.3% |
| T2 FINANCIAL LLC | $805,000 | $3,030,000 | 276.4% | 5.0% |
| HOMESIDE FINANCIAL, LLC | $2,845,000 | n/a | 4.7% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,935,000 | $2,335,000 | 20.7% | 3.8% |
| Mortgage Research Center, LLC | $1,340,000 | $2,250,000 | 67.9% | 3.7% |
| CARDINAL FINANCIAL | $1,530,000 | $2,165,000 | 41.5% | 3.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $680,000 | $1,580,000 | 132.4% | 2.6% |
| Peoples Bank | $1,540,000 | n/a | 2.5% | |
| Amarillo National Bank | $670,000 | $1,495,000 | 123.1% | 2.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,070,000 | n/a | 1.8% | |
| HOMESPIRE MORTGAGE CORPORATION | $290,000 | $1,035,000 | 256.9% | 1.7% |
| VILLAGE CAPITAL MORTGAGE | $765,000 | n/a | 1.3% | |
| Centennial Bank | $495,000 | $715,000 | 44.4% | 1.2% |
| LOANDEPOT.COM, LLC | $145,000 | $695,000 | 379.3% | 1.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $115,000 | $620,000 | 439.1% | 1.0% |
| BROKER SOLUTIONS, INC. | $315,000 | $575,000 | 82.5% | 0.9% |
| TRIAD FINANCIAL SERVICES, INC. | $565,000 | $560,000 | -0.9% | 0.9% |
| Vista Bank | $55,000 | $550,000 | 900.0% | 0.9% |
| FREEDOM MORTGAGE CORPORATION | $450,000 | $475,000 | 5.6% | 0.8% |
| Prosperity Bank | $1,875,000 | $415,000 | -77.9% | 0.7% |
| HOMETRUST MORTGAGE COMPANY | $1,325,000 | $405,000 | -69.4% | 0.7% |
| NETWORK CAPITAL FUNDING CORPORATION | $405,000 | n/a | 0.7% | |
| Bank of America | $355,000 | n/a | 0.6% | |
| Mr. Cooper ( Nationstar Mortgage ) | $105,000 | $355,000 | 238.1% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $185,000 | $350,000 | 89.2% | 0.6% |
| EVERETT FINANCIAL, INC. | $105,000 | $320,000 | 204.8% | 0.5% |
| ROYAL UNITED MORTGAGE LLC | $210,000 | $300,000 | 42.9% | 0.5% |
| CMG MORTGAGE, INC. | $195,000 | $285,000 | 46.2% | 0.5% |
| UNITED MORTGAGE CORP | $285,000 | n/a | 0.5% | |
| USAA Federal Savings Bank | $275,000 | n/a | 0.5% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $255,000 | n/a | 0.4% | |
| Paramount Residential Mortgage Group, Inc. | $245,000 | n/a | 0.4% | |
| First United Bank | $25,000 | $225,000 | 800.0% | 0.4% |
| Wells Fargo Bank | $100,000 | $225,000 | 125.0% | 0.4% |
| GUILD MORTGAGE COMPANY | $325,000 | $195,000 | -40.0% | 0.3% |
| SPRING EQ, LLC | $190,000 | n/a | 0.3% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $185,000 | n/a | 0.3% | |
| NAVY FEDERAL CREDIT UNION | $400,000 | $185,000 | -53.8% | 0.3% |
| Sierra Pacific Mortgage Company, Inc. | $155,000 | n/a | 0.3% | |
| FIRST COLONY MORTGAGE CORPORATION | $135,000 | n/a | 0.2% | |
| Discover Bank | $130,000 | n/a | 0.2% | |
| First Financial Bank | $125,000 | n/a | 0.2% | |
| Encompass Lending Group, LP | $105,000 | n/a | 0.2% | |
| NEWREZ LLC | $85,000 | n/a | 0.1% | |
| NEIGHBORHOOD | $75,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $65,000 | n/a | 0.1% | |
| UMB Bank | $55,000 | n/a | 0.1% |
Levelland's top lender by overall market share is FLAT BRANCH MORTGAGE, INC., with 12.3% market share. In second place, with 9.9%, is City Bank, having originated $5,995,000 in loans. In third place, with 6.7%, is Alliance Credit Union, having originated $4,040,000 in loans. In fourth place, with 6.5%, is 21ST MORTGAGE CORPORATION, having originated $3,960,000 in loans. In fifth place, with 6.5%, is TEXAS TECH, having originated $3,935,000 in loans.
Levelland, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 229 | $47,775,000 | $208,624 |
| Refi | 30 | $8,010,000 | $267,000 |
| Other | 18 | $2,340,000 | $130,000 |
| Cash Out Refi | 15 | $2,205,000 | $147,000 |
| Home Improvement | 3 | $415,000 | $138,333 |
Levelland's most frequently cited loan purpose was Home Purchase, with 229 originations. The 2nd most popular reason was Refi, with 30 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 145 | $33,065,000 | $228,034 |
| Over 8% | 61 | $7,645,000 | $125,328 |
| 7-8% | 42 | $9,290,000 | $221,190 |
| 5-6% | 33 | $7,995,000 | $242,273 |
| 4-5% | 1 | $205,000 | $205,000 |
During 2024, Levelland's most frequently originated rate bucket was 6-7%, with 145 originations.
Loan Sizing (Levelland, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 116 | $17,660,000 | $152,241 |
| $200k-400k | 86 | $22,920,000 | $266,512 |
| $100,000 or less | 61 | $4,155,000 | $68,115 |
| $400k-600k | 27 | $12,615,000 | $467,222 |
| $600k-1000k | 5 | $3,395,000 | $679,000 |
Levelland's loan sizing saw the bucket of loans from $100k-200k with 116 originations, totaling $17,660,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 183 | $40,735,000 | $222,596 |
| 60-80% | 42 | $8,530,000 | $203,095 |
| 40-60% | 23 | $3,975,000 | $172,826 |
| 20-40% | 11 | $1,265,000 | $115,000 |
| Under 20% | 10 | $340,000 | $34,000 |
| Over 100% | 6 | $1,350,000 | $225,000 |
Levelland's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 183 originations, totaling $40,735,000 in origination value.