Levelland Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Levelland averaged 6.89% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

The average rate for the prior week (2024-11-07) was 7.1% and one month ago for the week of 2024-10-10, the average rate was 6.23%.

Levelland's average rate one year ago was 7.61%.

For refis of the same type during the week of 2024-11-14, the average rate was 6.88%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-11-14 6.78%
Levelland 30 Year Fixed Rate 2024-11-14 6.89%
Levelland 30 Year Fixed Rate Refi 2024-11-14 6.88%
Levelland 15 Year Fixed Rate 2024-11-14 5.99%
Levelland 15 Year Fixed Rate Refi 2024-11-14 6.49%
Levelland 30 Year FHA 2024-11-14 0.06%
Levelland 30 Year FHA Refi 2024-11-14 -0.1%
Levelland 30 Year USDA 2024-11-14 0.2%
Levelland 30 Year USDA Refi 2024-11-14 0.2%
Levelland 30 Year VA 2024-11-14 -0.1%
Levelland 30 Year VA Refi 2024-11-14 0%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Levelland, TX.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
City Bank 14 6.90% $7,731
TEXAS TECH 13 6.95% $5,342
QUICKEN LOANS, LLC 8 7.43% $5,643
Prosperity Bank 5 6.68% $3,965
FLAT BRANCH MORTGAGE, INC. 4 6.93% $5,536
Farm Credit Mid-America, ACA 3 7.42% $9,208
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 7.33% $5,574
Alliance Credit Union 3 6.66% $6,688
21ST MORTGAGE CORPORATION 2 7.35% $5,798
CARDINAL FINANCIAL 2 6.31% $5,032
T2 FINANCIAL LLC 2 7.38% $4,051
HOMETRUST MORTGAGE COMPANY 2 6.50% $5,792
UNITED WHOLESALE MORTGAGE, LLC 2 7.00% $5,450
Wells Fargo Bank 2 6.69% $587
Centennial Bank 2 7.13% $3,269
ZILLOW HOME LOANS, LLC 1 7.13% $5,039
American National Bank & Trust 1 7.25% $12,331
BNC National Bank 1 6.13% $4,218
BROKER SOLUTIONS, INC. 1 7.50% $6,185
Citizens Bank 1 7.63% $4,130
CMG MORTGAGE, INC. 1 7.49% $4,316
Gateway First Bank 1 7.25% $4,398
INTEGRITY MORTGAGE CORPORATION OF TEXAS 1 6.75% $9,937
MORTGAGE FINANCIAL SERVICES, LLC 1 6.63% $5,034
Mr. Cooper ( Nationstar Mortgage ) 1 7.13% $5,349
NATIONS RELIABLE LENDING, LLC 1 7.25% $10,484
NAVY FEDERAL CREDIT UNION 1 7.13% $7,896
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.88% $4,098
ROYAL UNITED MORTGAGE LLC 1 6.38% $9,866
TEXAS DOW EMPLOYEES CREDIT UNION 1 9.00% $3,371

Levelland Average Closing Costs & Other Stats

Levelland, TX's 30 lenders originated 284 loans during 2023. The total origination value was $51,670,000, with an average loan value of $181,937.

Levelland's average closing costs are $5,770.

The top Levelland lender as defined by loan originations is City Bank, with 14 loans originated. Their average total fees are $7,731, which is $2,389 higher than the next largest lender, TEXAS TECH.

The lowest fee Levelland lenders (with over 10 loans originated) are TEXAS TECH ($5,342), City Bank ($7,731), .

The lowest rate Levelland lenders (with over 10 loans originated) are City Bank (6.90%), TEXAS TECH (6.95%), .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
City Bank $6,655,000 $6,630,000 -0.4% 12.8%
FLAT BRANCH MORTGAGE, INC. $1,310,000 $6,030,000 360.3% 11.7%
TEXAS TECH $4,830,000 $5,005,000 3.6% 9.7%
Alliance Credit Union $1,175,000 $3,615,000 207.7% 7.0%
QUICKEN LOANS, LLC $2,230,000 $2,770,000 24.2% 5.4%
21ST MORTGAGE CORPORATION $3,475,000 $2,415,000 -30.5% 4.7%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $3,200,000 $1,935,000 -39.5% 3.7%
Prosperity Bank $2,730,000 $1,875,000 -31.3% 3.6%
CARDINAL FINANCIAL $1,855,000 $1,530,000 -17.5% 3.0%
Mortgage Research Center, LLC $1,180,000 $1,340,000 13.6% 2.6%
HOMETRUST MORTGAGE COMPANY $75,000 $1,325,000 1,666.7% 2.6%
Farm Credit Mid-America, ACA $605,000 $1,005,000 66.1% 1.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $805,000 $905,000 12.4% 1.8%
T2 FINANCIAL LLC $805,000 n/a 1.6%
UNITED WHOLESALE MORTGAGE, LLC $1,545,000 $680,000 -56.0% 1.3%
Amarillo National Bank $420,000 $670,000 59.5% 1.3%
THRIVE MORTGAGE, LLC $360,000 $630,000 75.0% 1.2%
American National Bank & Trust $575,000 n/a 1.1%
TRIAD FINANCIAL SERVICES, INC. $575,000 $565,000 -1.7% 1.1%
Centennial Bank $425,000 $495,000 16.5% 1.0%
Nations Lending Corporation $475,000 n/a 0.9%
FREEDOM MORTGAGE CORPORATION $290,000 $450,000 55.2% 0.9%
COUNTRYPLACE MORTGAGE, LTD. $405,000 n/a 0.8%
NAVY FEDERAL CREDIT UNION $400,000 n/a 0.8%
GUILD MORTGAGE COMPANY $325,000 n/a 0.6%
BROKER SOLUTIONS, INC. $195,000 $315,000 61.5% 0.6%
SFMC, LP $315,000 n/a 0.6%
HOMESPIRE MORTGAGE CORPORATION $390,000 $290,000 -25.6% 0.6%
Citizens Bank $255,000 n/a 0.5%
Gateway First Bank $260,000 $255,000 -1.9% 0.5%
SIWELL, INC. $235,000 n/a 0.5%
INTEGRITY MORTGAGE CORPORATION OF TEXAS $215,000 n/a 0.4%
MID AMERICA MORTGAGE, INC. $215,000 n/a 0.4%
ROYAL UNITED MORTGAGE LLC $160,000 $210,000 31.3% 0.4%
CMG MORTGAGE, INC. $195,000 n/a 0.4%
PENNYMAC LOAN SERVICES, LLC $740,000 $185,000 -75.0% 0.4%
SUMMIT FUNDING, INC. $185,000 n/a 0.4%
Community National Bank $125,000 $180,000 44.0% 0.3%
BNC National Bank $175,000 n/a 0.3%
NATIONS RELIABLE LENDING, LLC $165,000 n/a 0.3%
PROVIDENT FUNDING ASSOCIATES, L.P. $165,000 n/a 0.3%
SOUTHWEST STAGE FUNDING, LLC $680,000 $165,000 -75.7% 0.3%
LOANDEPOT.COM, LLC $715,000 $145,000 -79.7% 0.3%
ZILLOW HOME LOANS, LLC $350,000 $145,000 -58.6% 0.3%
MORTGAGE FINANCIAL SERVICES, LLC $215,000 $135,000 -37.2% 0.3%
MORTGAGE SOLUTIONS OF COLORADO, LLC $225,000 $135,000 -40.0% 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $45,000 $135,000 200.0% 0.3%
LONE STAR STATE BANK $125,000 n/a 0.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $240,000 $115,000 -52.1% 0.2%
EVERETT FINANCIAL, INC. $85,000 $105,000 23.5% 0.2%
Mr. Cooper ( Nationstar Mortgage ) $370,000 $105,000 -71.6% 0.2%
TEXAS DOW EMPLOYEES CREDIT UNION $105,000 n/a 0.2%
Wells Fargo Bank $250,000 $100,000 -60.0% 0.2%
OCMBC, INC. $90,000 n/a 0.2%
United Community Bank $230,000 $85,000 -63.0% 0.2%
Equity Prime Mortgage LLC $75,000 n/a 0.1%
RANLIFE, INC. $75,000 n/a 0.1%
Vista Bank $120,000 $55,000 -54.2% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $185,000 $45,000 -75.7% 0.1%
First United Bank $315,000 $25,000 -92.1% 0.0%

Levelland's top lender by overall market share is City Bank, with 12.8% market share. In second place, with 11.7%, is FLAT BRANCH MORTGAGE, INC., having originated $6,030,000 in loans. In third place, with 9.7%, is TEXAS TECH, having originated $5,005,000 in loans. In fourth place, with 7.0%, is Alliance Credit Union, having originated $3,615,000 in loans. In fifth place, with 5.4%, is QUICKEN LOANS, LLC, having originated $2,770,000 in loans.


Levelland Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Levelland (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 $169,900 (-5.0%) $191,059 (-4.8%) 0.00 62
2018-02-01 $173,650 (-1.8%) $197,694 (-0.7%) 0.00 59
2018-03-01 $184,000 (3.0%) $221,670 (9.7%) 0.00 48
2018-04-01 $202,450 (30.7%) $226,264 (12.8%) 0.00 51
2018-05-01 $203,050 (35.5%) $223,194 (12.0%) 0.00 48
2018-06-01 $207,450 (35.6%) $221,782 (13.4%) 0.00 49
2018-07-01 $187,500 (25.1%) $213,085 (16.5%) 0.00 54
2018-08-01 $179,800 (29.8%) $208,413 (20.8%) 0.00 55
2018-09-01 $165,000 (11.9%) $190,893 (10.6%) 0.00 58
2018-10-01 $165,000 (-2.9%) $196,949 (2.8%) 0.00 59
2018-11-01 $171,975 (1.2%) $208,456 (10.6%) 0.00 56
2018-12-01 $164,900 (-2.9%) $201,085 (6.0%) 0.00 56
2019-01-01 $156,450 (-7.9%) $189,173 (-1.0%) 0.00 59
2019-02-01 $147,500 (-15.1%) $203,360 (2.9%) 0.00 60
2019-03-01 $138,557 (-24.7%) $208,862 (-5.8%) 0.00 55
2019-04-01 $141,570 (-30.1%) $206,669 (-8.7%) 0.00 56
2019-05-01 $143,750 (-29.2%) $192,655 (-13.7%) 0.00 46
2019-06-01 $140,000 (-32.5%) $187,971 (-15.2%) 0.00 44
2019-07-01 $138,750 (-26.0%) $171,119 (-19.7%) 0.00 59
2019-08-01 $135,909 (-24.4%) $159,699 (-23.4%) 0.00 64
2019-09-01 $129,773 (-21.4%) $150,033 (-21.4%) 0.00 63
2019-10-01 $125,000 (-24.2%) $151,948 (-22.9%) 0.00 63
2019-11-01 $122,250 (-28.9%) $157,494 (-24.5%) 0.00 61
2019-12-01 $126,875 (-23.1%) $163,996 (-18.4%) 0.00 65
2020-01-01 $125,725 (-19.6%) $163,516 (-13.6%) 0.00 64
2020-02-01 $125,000 (-15.3%) $162,777 (-20.0%) 0.00 59
2020-03-01 $149,900 (8.2%) $180,595 (-13.5%) 0.00 58
2020-04-01 $147,450 (4.2%) $165,114 (-20.1%) 0.00 57
2020-05-01 $149,950 (4.3%) $168,274 (-12.7%) 0.00 61
2020-06-01 $151,425 (8.2%) $164,718 (-12.4%) 0.00 57
2020-07-01 $126,450 (-8.9%) $155,122 (-9.4%) 0.00 52
2020-08-01 $142,200 (4.6%) $153,186 (-4.1%) 0.00 51
2020-09-01 $137,750 (6.2%) $164,371 (9.6%) 0.00 47
2020-10-01 $143,000 (14.4%) $171,540 (12.9%) 0.00 48
2020-11-01 $136,500 (11.7%) $184,192 (17.0%) 0.00 45
2020-12-01 $144,250 (13.7%) $186,822 (13.9%) 0.00 47
2021-01-01 $114,900 (-8.6%) $177,249 (8.4%) 0.00 42
2021-02-01 $124,500 (-0.4%) $176,670 (8.5%) 0.00 36
2021-03-01 $122,500 (-18.3%) $159,148 (-11.9%) 0.00 35
2021-04-01 $110,000 (-25.4%) $152,281 (-7.8%) 0.00 29
2021-05-01 $152,700 (1.8%) $213,614 (26.9%) 0.00 14
2021-06-01 $185,000 (22.2%) $227,084 (37.9%) 0.00 22
2021-07-01 $171,000 (35.2%) $251,093 (61.9%) 0.00 23
2021-08-01 $172,000 (21.0%) $260,759 (70.2%) 0.00 29
2021-09-01 $169,250 (22.9%) $254,955 (55.1%) 0.00 36
2021-10-01 $180,000 (25.9%) $265,265 (54.6%) 0.00 37
2021-11-01 $172,250 (26.2%) $249,823 (35.6%) 0.00 38
2021-12-01 $172,450 (19.6%) $245,955 (31.7%) 0.00 30
2022-01-01 $194,450 (69.2%) $243,246 (37.2%) 0.00 25
2022-02-01 $181,425 (45.7%) $274,671 (55.5%) 0.00 21
2022-03-01 $179,950 (46.9%) $272,975 (71.5%) 0.00 19
2022-04-01 $193,500 (75.9%) $295,910 (94.3%) 0.00 16
2022-05-01 $196,825 (28.9%) $275,685 (29.1%) 0.00 31
2022-06-01 $228,500 (23.5%) $285,641 (25.8%) 0.00 35
2022-07-01 $262,500 (53.5%) $330,400 (31.6%) 0.00 40
2022-08-01 $242,700 (41.1%) $270,886 (3.9%) 0.00 51
2022-09-01 $204,200 (20.7%) $242,191 (-5.0%) 0.00 55
2022-10-01 $207,400 (15.2%) $241,819 (-8.8%) 0.00 56
2022-11-01 $214,900 (24.8%) $231,246 (-7.4%) 0.00 57
2022-12-01 $214,900 (24.6%) $233,544 (-5.1%) 0.00 48
2023-01-01 $213,550 (9.8%) $232,428 (-4.5%) 0.00 47
2023-02-01 $181,225 (-0.1%) $219,913 (-19.9%) 0.00 41
2023-03-01 $214,225 (19.1%) $252,408 (-7.5%) 0.00 39
2023-04-01 $223,000 (15.3%) $286,809 (-3.1%) 0.00 55
2023-05-01 $239,450 (21.7%) $281,831 (2.2%) 0.00 65
2023-06-01 $247,425 (8.3%) $280,960 (-1.6%) 0.00 72
2023-07-01 $239,900 (-8.6%) $291,408 (-11.8%) 0.00 69
2023-08-01 $231,425 (-4.7%) $281,177 (3.8%) 0.00 71
2023-09-01 $230,200 (12.7%) $264,586 (9.3%) 0.00 84
2023-10-01 $230,250 (11.0%) $272,582 (12.7%) 0.00 81
2023-11-01 $224,900 (4.7%) $271,074 (17.2%) 0.00 78
2023-12-01 $219,900 (2.3%) $255,398 (9.4%) 0.00 68
2024-01-01 $207,250 (-3.0%) $242,042 (4.1%) 0.00 72
2024-02-01 $219,575 (21.2%) $250,082 (13.7%) 0.00 77
2024-03-01 $224,700 (4.9%) $244,821 (-3.0%) 0.00 65
2024-04-01 $251,250 (12.7%) $279,408 (-2.6%) 0.00 60
2024-05-01 $256,750 (7.2%) $280,194 (-0.6%) 0.00 66
2024-06-01 $253,000 (2.3%) $271,965 (-3.2%) 0.00 81
2024-07-01 $247,250 (3.1%) $260,864 (-10.5%) 0.00 86
2024-08-01 $239,000 (3.3%) $252,286 (-10.3%) 0.00 85
2024-09-01 $229,975 (-0.1%) $251,458 (-5.0%) 0.00 75
2024-10-01 $227,600 (-1.2%) $254,490 (-6.6%) 0.00 67
Levelland's median listing price for 2024-10-01 was $227,600, a difference of $-2,650 (-1.2%) versus the prior year and $-2,375 versus the prior month.

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

Levelland's average listing price for 2024-10-01 was $254,490, a difference of $-18,092 (-6.6%) versus the prior year and $3,032 versus the prior month.

For the 2024-10-01 period, Levelland had 67 MLS listings, a difference of -8 listings (-11%) versus the prior month and -14 listings (-17%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Levelland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,139 sqft
2018-02-01 0 days 2,236 sqft
2018-03-01 0 days 2,321 sqft
2018-04-01 0 days 2,311 sqft
2018-05-01 0 days 2,429 sqft
2018-06-01 0 days 2,304 sqft
2018-07-01 0 days 2,227 sqft
2018-08-01 0 days 2,126 sqft
2018-09-01 0 days 2,049 sqft
2018-10-01 0 days 2,029 sqft
2018-11-01 0 days 2,157 sqft
2018-12-01 0 days 2,148 sqft
2019-01-01 0 days 2,039 sqft
2019-02-01 0 days 1,996 sqft
2019-03-01 0 days 1,984 sqft
2019-04-01 0 days 2,033 sqft
2019-05-01 0 days 1,918 sqft
2019-06-01 0 days 1,899 sqft
2019-07-01 0 days 1,747 sqft
2019-08-01 0 days 1,722 sqft
2019-09-01 0 days 1,698 sqft
2019-10-01 0 days 1,683 sqft
2019-11-01 0 days 1,691 sqft
2019-12-01 0 days 1,789 sqft
2020-01-01 0 days 1,789 sqft
2020-02-01 0 days 1,822 sqft
2020-03-01 0 days 1,935 sqft
2020-04-01 0 days 1,865 sqft
2020-05-01 0 days 1,898 sqft
2020-06-01 0 days 1,933 sqft
2020-07-01 0 days 1,915 sqft
2020-08-01 0 days 1,911 sqft
2020-09-01 0 days 1,959 sqft
2020-10-01 0 days 1,947 sqft
2020-11-01 0 days 1,932 sqft
2020-12-01 0 days 1,936 sqft
2021-01-01 0 days 1,798 sqft
2021-02-01 0 days 1,771 sqft
2021-03-01 0 days 1,671 sqft
2021-04-01 0 days 1,612 sqft
2021-05-01 0 days 1,715 sqft
2021-06-01 0 days 2,078 sqft
2021-07-01 0 days 1,744 sqft
2021-08-01 0 days 1,930 sqft
2021-09-01 0 days 2,057 sqft
2021-10-01 0 days 2,148 sqft
2021-11-01 0 days 2,099 sqft
2021-12-01 0 days 2,064 sqft
2022-01-01 0 days 2,064 sqft
2022-02-01 0 days 1,806 sqft
2022-03-01 0 days 1,813 sqft
2022-04-01 0 days 2,305 sqft
2022-05-01 0 days 1,912 sqft
2022-06-01 0 days 2,204 sqft
2022-07-01 0 days 2,422 sqft
2022-08-01 0 days 2,332 sqft
2022-09-01 0 days 2,005 sqft
2022-10-01 0 days 2,000 sqft
2022-11-01 0 days 1,881 sqft
2022-12-01 0 days 1,869 sqft
2023-01-01 0 days 2,110 sqft
2023-02-01 0 days 1,556 sqft
2023-03-01 0 days 2,116 sqft
2023-04-01 0 days 2,103 sqft
2023-05-01 0 days 2,120 sqft
2023-06-01 0 days 2,240 sqft
2023-07-01 0 days 2,243 sqft
2023-08-01 0 days 2,234 sqft
2023-09-01 0 days 2,108 sqft
2023-10-01 0 days 2,207 sqft
2023-11-01 0 days 2,190 sqft
2023-12-01 0 days 2,120 sqft
2024-01-01 0 days 2,066 sqft
2024-02-01 0 days 2,089 sqft
2024-03-01 0 days 2,073 sqft
2024-04-01 0 days 2,150 sqft
2024-05-01 0 days 2,191 sqft
2024-06-01 0 days 2,176 sqft
2024-07-01 0 days 2,158 sqft
2024-08-01 0 days 2,108 sqft
2024-09-01 0 days 2,110 sqft
2024-10-01 0 days 2,147 sqft
Levelland's median listing age (time on market) for 2024-10-01 was 0 days.

Levelland's median square footage for active listings during the 2024-10-01 period was 2,147 sqft. One year prior, the average listing was 2,207 sqft.

Levelland, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 227 $43,165,000 $190,154
Refi 28 $5,690,000 $203,214
Other 11 $1,015,000 $92,273
Cash Out Refi 11 $1,155,000 $105,000
Home Improvement 7 $645,000 $92,143

Levelland's most frequently cited loan purpose was Home Purchase, with 227 originations. The 2nd most popular reason was Refi, with 28 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 109 $22,945,000 $210,505
7-8% 82 $16,620,000 $202,683
Over 8% 54 $5,530,000 $102,407
5-6% 26 $5,880,000 $226,154
<2.5% 4 $20,000 $5,000
2.5-3% 2 $70,000 $35,000

During 2023, Levelland's most frequently originated rate bucket was 6-7%, with 109 originations.

Loan Sizing (Levelland, TX MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 111 $16,465,000 $148,333
$100,000 or less 77 $5,155,000 $66,948
$200k-400k 77 $20,635,000 $267,987
$400k-600k 18 $8,810,000 $489,444
$600k-1000k 1 $605,000 $605,000

Levelland's loan sizing saw the bucket of loans from $100k-200k with 111 originations, totaling $16,465,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 176 $34,300,000 $194,886
60-80% 60 $12,870,000 $214,500
40-60% 20 $2,010,000 $100,500
Under 20% 10 $330,000 $33,000
20-40% 7 $815,000 $116,429
Over 100% 3 $505,000 $168,333

Levelland's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 176 originations, totaling $34,300,000 in origination value.