Levelland Mortgage Rates

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.