Levelland Mortgage Rates

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  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Loan Attributes
  • Market Conditions & Pricing
  • Time on Market/Property Size
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    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%
    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 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.).

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    City Bank 34 3.13% $4,201
    TEXAS TECH 16 3.26% $4,218
    First Bank & Trust 11 3.22% $4,117
    Prosperity Bank 9 3.47% $3,211
    QUICKEN LOANS, LLC 8 3.31% $4,585
    Alliance Credit Union 7 3.73% $4,286
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 3.38% $7,613
    Amarillo National Bank 4 3.22% $4,525
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 3.16% $3,900
    Gateway First Bank 4 3.63% $3,440
    Southwest Bank 3 3.21% $5,283
    First United Bank 2 3.19% $4,955
    AmeriHome Mortgage Company, LLC 2 3.31% $5,068
    LAKEVIEW LOAN SERVICING, LLC 2 3.31% $2,353
    LOANDEPOT.COM, LLC 2 2.87% $2,637
    Citizens Bank 2 3.31% $3,388
    CITY FIRST MORTGAGE SERVICES, L.L.C. 2 3.25% $4,438
    HOMETRUST MORTGAGE COMPANY 2 3.19% $3,945
    PENNYMAC LOAN SERVICES, LLC 2 3.19% $5,404
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.38% $4,447
    THRIVE MORTGAGE, LLC 1 3.00% $8,348
    UNITED WHOLESALE MORTGAGE, LLC 1 3.00% $7,071
    ALLIANT CREDIT UNION 1 2.75% $4,496
    Amerifirst Financial, Inc. 1 3.25% $3,801
    AMERISAVE MORTGAGE CORPORATION 1 3.75% $3,932
    Bank of England 1 3.25% $5,144
    BROKER SOLUTIONS, INC. 1 2.74% $3,536
    CALIBER HOME LOANS, INC. 1 2.88% $3,365
    Carrington Mortgage Services, LLC 1 3.13% $5,664
    COMPEER FINANCIAL, FLCA 1 2.88% $5,720
    GUILD MORTGAGE COMPANY 1 2.99% $3,833
    HOMESIDE FINANCIAL, LLC 1 2.99% $7,002
    INFINITY MORTGAGE HOLDINGS, LLC 1 3.13% $4,942
    LOANPAL, LLC 1 3.50% $4,735
    Loan Simple, Inc. 1 3.25% $4,744
    Mr. Cooper ( Nationstar Mortgage ) 1 3.25% $6,722
    MUTUAL OF OMAHA MORTGAGE, INC. 1 4.13% $3,010
    NAVY FEDERAL CREDIT UNION 1 2.75% $1,969
    Neighborhood Loans, Inc. 1 3.25% $2,611
    PHH Mortgage Corporation 1 3.88% $4,917

    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. Louis
    Date 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 for 2022-06-01 was $244,000, a difference of $66,500 (37.5%) versus the prior year and $39,000 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2022-06-01 was 0 days.

    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.