Levelland Mortgage Rates
30 Year Fixed Rate mortgages in Levelland averaged
5.97%
for the week of 2022-06-30, compared to the national average of
5.7% for the same period.
The average rate for the prior week (2022-06-23) was
6.08% and
one month ago for the week of 2022-05-26, the
average rate was 5.47%.
Levelland's average rate one year ago was 3.44%.
For refis of the same type during the week of 2022-06-30, the average rate
was 6.06%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
Levelland 30 Year Fixed Rate | 2022-06-30 | 5.97% |
Levelland 30 Year Fixed Rate Refi | 2022-06-30 | 6.06% |
Levelland 15 Year Fixed Rate | 2022-06-30 | 7.03% |
Levelland 15 Year Fixed Rate Refi | 2022-06-30 | 5.25% |
Levelland 30 Year FHA | 2022-06-30 | 6.28% |
Levelland 30 Year FHA Refi | 2022-06-30 | 6.09% |
Levelland 30 Year USDA | 2022-06-30 | 5.63% |
Levelland 30 Year USDA Refi | 2022-06-30 | 5.16% |
Levelland 30 Year VA | 2022-06-30 | 6.05% |
Levelland 30 Year VA Refi | 2022-06-30 | 5.84% |
Levelland Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, 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, TX's 40 lenders originated 432
loans during 2021. The total origination value was $70,580,000, with an average loan value of
$163,380.
The top Levelland lender as defined by loan originations is City Bank, with
34 loans originated. Their average total fees are
$4,201, which is $17
lower than the next largest lender,
TEXAS TECH.
The lowest fee Levelland lenders (with over 10 loans originated) are
First Bank & Trust ($4,117), City Bank ($4,201), TEXAS TECH ($4,218), .
The lowest rate Levelland lenders (with over 10 loans originated) are
City Bank (3.13%), First Bank & Trust (3.22%), TEXAS TECH (3.26%), .
Levelland, TX Lender 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
City Bank | $6,140,000 | $13,175,000 | 114.6% | 18.7% |
First Bank & Trust | $9,250,000 | $8,065,000 | -12.8% | 11.4% |
TEXAS TECH | $3,915,000 | $6,245,000 | 59.5% | 8.8% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $6,270,000 | $5,225,000 | -16.7% | 7.4% |
QUICKEN LOANS, LLC | $4,005,000 | $3,685,000 | -8.0% | 5.2% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $2,705,000 | $2,960,000 | 9.4% | 4.2% |
Prosperity Bank | $1,850,000 | $2,430,000 | 31.4% | 3.4% |
21ST MORTGAGE CORPORATION | $2,015,000 | $2,005,000 | -0.5% | 2.8% |
Alliance Credit Union | $985,000 | $1,825,000 | 85.3% | 2.6% |
Amarillo National Bank | $1,740,000 | n/a | 2.5% | |
Southwest Bank | $270,000 | $1,475,000 | 446.3% | 2.1% |
FREEDOM MORTGAGE CORPORATION | $2,055,000 | $1,345,000 | -34.5% | 1.9% |
HOMETRUST MORTGAGE COMPANY | $755,000 | $1,210,000 | 60.3% | 1.7% |
Mr. Cooper ( Nationstar Mortgage ) | $510,000 | $1,000,000 | 96.1% | 1.4% |
Gateway First Bank | $160,000 | $970,000 | 506.3% | 1.4% |
LAKEVIEW LOAN SERVICING, LLC | $195,000 | $965,000 | 394.9% | 1.4% |
Wells Fargo Bank | $250,000 | $825,000 | 230.0% | 1.2% |
INFINITY MORTGAGE HOLDINGS, LLC | $695,000 | $780,000 | 12.2% | 1.1% |
First United Bank | $715,000 | $700,000 | -2.1% | 1.0% |
PENNYMAC LOAN SERVICES, LLC | $690,000 | n/a | 1.0% | |
AMERISAVE MORTGAGE CORPORATION | $75,000 | $610,000 | 713.3% | 0.9% |
CALIBER HOME LOANS, INC. | $95,000 | $580,000 | 510.5% | 0.8% |
Amerifirst Financial, Inc. | $550,000 | n/a | 0.8% | |
AmeriHome Mortgage Company, LLC | $535,000 | n/a | 0.8% | |
THRIVE MORTGAGE, LLC | $510,000 | n/a | 0.7% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $300,000 | $505,000 | 68.3% | 0.7% |
LOANDEPOT.COM, LLC | $435,000 | $475,000 | 9.2% | 0.7% |
CITY FIRST MORTGAGE SERVICES, L.L.C. | $950,000 | $425,000 | -55.3% | 0.6% |
Citizens Bank | $420,000 | n/a | 0.6% | |
USAA Federal Savings Bank | $295,000 | $415,000 | 40.7% | 0.6% |
HOMESIDE FINANCIAL, LLC | $405,000 | n/a | 0.6% | |
BROKER SOLUTIONS, INC. | $400,000 | n/a | 0.6% | |
Mortgage Research Center, LLC | $450,000 | $380,000 | -15.6% | 0.5% |
Loan Simple, Inc. | $360,000 | n/a | 0.5% | |
U.S. Bank | $385,000 | $315,000 | -18.2% | 0.4% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $65,000 | $305,000 | 369.2% | 0.4% |
AgFirst Farm Credit Bank | $295,000 | n/a | 0.4% | |
CLEARPATH LENDING | $255,000 | $255,000 | 0.0% | 0.4% |
Carrington Mortgage Services, LLC | $135,000 | $250,000 | 85.2% | 0.4% |
COUNTRYPLACE MORTGAGE, LTD. | $155,000 | $240,000 | 54.8% | 0.3% |
First Guaranty Mortgage Corporation | $235,000 | n/a | 0.3% | |
PNC Bank | $235,000 | n/a | 0.3% | |
Reliant Bank | $235,000 | n/a | 0.3% | |
Bank of England | $245,000 | $225,000 | -8.2% | 0.3% |
LOANPAL, LLC | $210,000 | n/a | 0.3% | |
Chicago Mortgage Solutions LLC | $205,000 | n/a | 0.3% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $430,000 | $205,000 | -52.3% | 0.3% |
Access Community Credit Union | $195,000 | n/a | 0.3% | |
UNITED WHOLESALE MORTGAGE, LLC | $610,000 | $195,000 | -68.0% | 0.3% |
Vista Bank | $195,000 | n/a | 0.3% | |
TRIAD FINANCIAL SERVICES, INC. | $65,000 | $190,000 | 192.3% | 0.3% |
ABILENE TEACHERS Federal Credit Union | $185,000 | n/a | 0.3% | |
CMG MORTGAGE, INC. | $135,000 | $185,000 | 37.0% | 0.3% |
Community National Bank | $85,000 | $165,000 | 94.1% | 0.2% |
Neighborhood Loans, Inc. | $165,000 | n/a | 0.2% | |
Watermark Capital, Inc. | $165,000 | n/a | 0.2% | |
COMPEER FINANCIAL, FLCA | $155,000 | n/a | 0.2% | |
SUN WEST MORTGAGE COMPANY, INC. | $145,000 | n/a | 0.2% | |
INTERLINC MORTGAGE SERVICES, LLC | $135,000 | n/a | 0.2% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $125,000 | n/a | 0.2% | |
HOMESPIRE MORTGAGE CORPORATION | $120,000 | n/a | 0.2% | |
GMFS LLC | $115,000 | n/a | 0.2% | |
GUILD MORTGAGE COMPANY | $115,000 | n/a | 0.2% | |
SOUTHWEST STAGE FUNDING, LLC | $115,000 | n/a | 0.2% | |
Nations Lending Corporation | $105,000 | $105,000 | 0.0% | 0.1% |
ALLIANT CREDIT UNION | $95,000 | n/a | 0.1% | |
Credit Union of Texas | $65,000 | $85,000 | 30.8% | 0.1% |
LEADERONE FINANCIAL CORPORATION | $85,000 | n/a | 0.1% | |
CROSSCOUNTRY MORTGAGE, LLC | $75,000 | n/a | 0.1% | |
NAVY FEDERAL CREDIT UNION | $75,000 | n/a | 0.1% | |
AMERICAN ADVISORS GROUP | $160,000 | $70,000 | -56.3% | 0.1% |
PHH Mortgage Corporation | $65,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $200,000 | $65,000 | -67.5% | 0.1% |
VILLAGE CAPITAL & INVESTMENT LLC | $195,000 | $65,000 | -66.7% | 0.1% |
Western Bank | $35,000 | n/a | 0.0% |
Levelland's top lender by overall market share is City Bank, with 18.7% market share. In second place, with 11.4%, is First Bank & Trust, having originated $8,065,000 in loans. In third place, with 8.8%, is TEXAS TECH, having originated $6,245,000 in loans. In third place, with 7.4%, is CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP, having originated $5,225,000 in loans. In third place, with 5.2%, is QUICKEN LOANS, LLC, having originated $3,685,000 in loans.
Levelland, TX Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 265 | $46,195,000 | $174,321 |
Refi | 112 | $17,290,000 | $154,375 |
Cash Out Refi | 40 | $6,170,000 | $154,250 |
Home Improvement | 12 | $740,000 | $61,667 |
Other | 3 | $185,000 | $61,667 |
Levelland's most frequently cited loan purpose was Home Purchase, with 265 originations. The 2nd most popular reason was Refi, with 112 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 164 | $28,670,000 | $174,817 |
2.5-3% | 127 | $22,985,000 | $180,984 |
<2.5% | 59 | $9,395,000 | $159,237 |
4-5% | 44 | $5,430,000 | $123,409 |
Over 8% | 14 | $1,590,000 | $113,571 |
5-6% | 10 | $1,060,000 | $106,000 |
6-7% | 5 | $585,000 | $117,000 |
7-8% | 5 | $505,000 | $101,000 |
During 2021, Levelland's most frequently originated rate bucket was 3-4%, with 164 originations.
Loan Sizing (Levelland, TX MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 204 | $29,660,000 | $145,392 |
$100,000 or less | 111 | $7,505,000 | $67,613 |
$200k-400k | 102 | $26,640,000 | $261,176 |
$400k-600k | 15 | $6,775,000 | $451,667 |
Levelland's loan sizing saw the bucket of loans from $100k-200k with 204 originations, totaling $29,660,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 237 | $41,465,000 | $174,958 |
60-80% | 103 | $17,935,000 | $174,126 |
40-60% | 48 | $6,380,000 | $132,917 |
20-40% | 12 | $740,000 | $61,667 |
Under 20% | 10 | $330,000 | $33,000 |
Over 100% | 7 | $1,425,000 | $203,571 |
Levelland's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 237 originations, totaling $41,465,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Levelland (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $169,900 (-10.3%) | $198,101 (-7.1%) | 0.00 | 53 |
2018-02-01 | $177,400 (-5.2%) | $204,323 (-1.4%) | 0.00 | 52 |
2018-03-01 | $185,000 (0.8%) | $227,477 (13.0%) | 0.00 | 46 |
2018-04-01 | $197,495 (20.1%) | $226,471 (16.0%) | 0.00 | 47 |
2018-05-01 | $199,900 (29.4%) | $218,634 (11.3%) | 0.00 | 43 |
2018-06-01 | $199,900 (18.3%) | $222,199 (10.8%) | 0.00 | 43 |
2018-07-01 | $182,900 (18.0%) | $208,975 (9.2%) | 0.00 | 47 |
2018-08-01 | $179,900 (21.0%) | $204,305 (16.5%) | 0.00 | 45 |
2018-09-01 | $174,900 (18.6%) | $191,811 (11.3%) | 0.00 | 46 |
2018-10-01 | $165,000 (-2.9%) | $199,006 (5.8%) | 0.00 | 48 |
2018-11-01 | $165,000 (-2.9%) | $204,551 (8.6%) | 0.00 | 45 |
2018-12-01 | $164,900 (-2.9%) | $198,316 (3.5%) | 0.00 | 47 |
2019-01-01 | $153,925 (-9.4%) | $184,889 (-6.7%) | 0.00 | 51 |
2019-02-01 | $142,500 (-19.7%) | $205,365 (0.5%) | 0.00 | 51 |
2019-03-01 | $137,571 (-25.6%) | $209,930 (-7.7%) | 0.00 | 47 |
2019-04-01 | $145,000 (-26.6%) | $208,813 (-7.8%) | 0.00 | 49 |
2019-05-01 | $142,500 (-28.7%) | $190,975 (-12.7%) | 0.00 | 44 |
2019-06-01 | $139,900 (-30.0%) | $184,071 (-17.2%) | 0.00 | 41 |
2019-07-01 | $135,750 (-25.8%) | $171,299 (-18.0%) | 0.00 | 55 |
2019-08-01 | $133,571 (-25.8%) | $159,268 (-22.0%) | 0.00 | 60 |
2019-09-01 | $125,000 (-28.5%) | $150,256 (-21.7%) | 0.00 | 61 |
2019-10-01 | $125,000 (-24.2%) | $151,352 (-24.0%) | 0.00 | 58 |
2019-11-01 | $124,500 (-24.6%) | $155,478 (-24.0%) | 0.00 | 59 |
2019-12-01 | $127,250 (-22.8%) | $161,716 (-18.5%) | 0.00 | 62 |
2020-01-01 | $125,000 (-18.8%) | $165,488 (-10.5%) | 0.00 | 60 |
2020-02-01 | $130,000 (-8.8%) | $179,233 (-12.7%) | 0.00 | 54 |
2020-03-01 | $149,900 (9.0%) | $182,450 (-13.1%) | 0.00 | 54 |
2020-04-01 | $149,900 (3.4%) | $170,686 (-18.3%) | 0.00 | 53 |
2020-05-01 | $152,900 (7.3%) | $173,324 (-9.2%) | 0.00 | 54 |
2020-06-01 | $153,750 (9.9%) | $168,342 (-8.6%) | 0.00 | 54 |
2020-07-01 | $149,950 (10.5%) | $158,844 (-7.3%) | 0.00 | 49 |
2020-08-01 | $149,000 (11.6%) | $158,565 (-0.4%) | 0.00 | 47 |
2020-09-01 | $142,000 (13.6%) | $164,371 (9.4%) | 0.00 | 42 |
2020-10-01 | $147,500 (18.0%) | $171,435 (13.3%) | 0.00 | 43 |
2020-11-01 | $131,500 (5.6%) | $181,644 (16.8%) | 0.00 | 40 |
2020-12-01 | $150,000 (17.9%) | $187,777 (16.1%) | 0.00 | 41 |
2021-01-01 | $120,000 (-4.0%) | $179,426 (8.4%) | 0.00 | 38 |
2021-02-01 | $125,000 (-3.9%) | $181,601 (1.3%) | 0.00 | 32 |
2021-03-01 | $122,000 (-18.6%) | $164,661 (-9.8%) | 0.00 | 31 |
2021-04-01 | $83,950 (-44.0%) | $152,607 (-10.6%) | 0.00 | 24 |
2021-05-01 | $167,500 (9.6%) | $211,441 (22.0%) | 0.00 | 11 |
2021-06-01 | $177,500 (15.5%) | $227,588 (35.2%) | 0.00 | 17 |
2021-07-01 | $175,000 (16.7%) | $280,477 (76.6%) | 0.00 | 23 |
2021-08-01 | $175,000 (17.5%) | $271,030 (70.9%) | 0.00 | 25 |
2021-09-01 | $166,500 (17.3%) | $269,035 (63.7%) | 0.00 | 32 |
2021-10-01 | $179,000 (21.4%) | $255,294 (48.9%) | 0.00 | 29 |
2021-11-01 | $169,500 (28.9%) | $243,550 (34.1%) | 0.00 | 30 |
2021-12-01 | $164,000 (9.3%) | $255,728 (36.2%) | 0.00 | 22 |
2022-01-01 | $209,000 (74.2%) | $255,759 (42.5%) | 0.00 | 20 |
2022-02-01 | $214,500 (71.6%) | $306,846 (69.0%) | 0.00 | 15 |
2022-03-01 | $187,200 (53.4%) | $300,611 (82.6%) | 0.00 | 15 |
2022-04-01 | $275,000 (227.6%) | $361,933 (137.2%) | 0.00 | 13 |
2022-05-01 | $205,000 (22.4%) | $312,211 (47.7%) | 0.00 | 26 |
2022-06-01 | $244,000 (37.5%) | $319,117 (40.2%) | 0.00 | 31 |
Levelland's median listing price comes in at 0% of the national average.
Levelland's average listing price for 2022-06-01 was $319,117, a difference of $91,529 (40.2%) versus the prior year and $6,906 versus the prior month.
For the 2022-06-01 period, Levelland had 31 MLS listings, a difference of 5 listings (19%) versus the prior month and 14 listings (82%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Levelland (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,168 sqft |
2018-02-01 | 0 days | 2,260 sqft |
2018-03-01 | 0 days | 2,331 sqft |
2018-04-01 | 0 days | 2,321 sqft |
2018-05-01 | 0 days | 2,429 sqft |
2018-06-01 | 0 days | 2,339 sqft |
2018-07-01 | 0 days | 2,304 sqft |
2018-08-01 | 0 days | 2,198 sqft |
2018-09-01 | 0 days | 2,059 sqft |
2018-10-01 | 0 days | 2,079 sqft |
2018-11-01 | 0 days | 2,225 sqft |
2018-12-01 | 0 days | 2,148 sqft |
2019-01-01 | 0 days | 2,057 sqft |
2019-02-01 | 0 days | 2,049 sqft |
2019-03-01 | 0 days | 2,096 sqft |
2019-04-01 | 0 days | 2,083 sqft |
2019-05-01 | 0 days | 1,901 sqft |
2019-06-01 | 0 days | 1,832 sqft |
2019-07-01 | 0 days | 1,806 sqft |
2019-08-01 | 0 days | 1,752 sqft |
2019-09-01 | 0 days | 1,680 sqft |
2019-10-01 | 0 days | 1,731 sqft |
2019-11-01 | 0 days | 1,726 sqft |
2019-12-01 | 0 days | 1,797 sqft |
2020-01-01 | 0 days | 1,781 sqft |
2020-02-01 | 0 days | 1,870 sqft |
2020-03-01 | 0 days | 1,947 sqft |
2020-04-01 | 0 days | 1,884 sqft |
2020-05-01 | 0 days | 1,971 sqft |
2020-06-01 | 0 days | 1,968 sqft |
2020-07-01 | 0 days | 1,974 sqft |
2020-08-01 | 0 days | 2,090 sqft |
2020-09-01 | 0 days | 2,032 sqft |
2020-10-01 | 0 days | 1,974 sqft |
2020-11-01 | 0 days | 1,949 sqft |
2020-12-01 | 0 days | 1,937 sqft |
2021-01-01 | 0 days | 1,726 sqft |
2021-02-01 | 0 days | 1,832 sqft |
2021-03-01 | 0 days | 1,675 sqft |
2021-04-01 | 0 days | 1,612 sqft |
2021-05-01 | 0 days | 1,806 sqft |
2021-06-01 | 0 days | 2,078 sqft |
2021-07-01 | 0 days | 1,936 sqft |
2021-08-01 | 0 days | 2,037 sqft |
2021-09-01 | 0 days | 2,059 sqft |
2021-10-01 | 0 days | 2,148 sqft |
2021-11-01 | 0 days | 2,115 sqft |
2021-12-01 | 0 days | 1,810 sqft |
2022-01-01 | 0 days | 2,036 sqft |
2022-02-01 | 0 days | 2,118 sqft |
2022-03-01 | 0 days | 1,961 sqft |
2022-04-01 | 0 days | 2,342 sqft |
2022-05-01 | 0 days | 2,099 sqft |
2022-06-01 | 0 days | 2,254 sqft |
Levelland's median square footage for active listings during the 2022-06-01 period was 2,254 sqft. One year prior, the average listing was 2,078 sqft.