Levelland Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Levelland averaged 7.37% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

    The average rate for the prior week (2023-09-14) was 7.16% and one month ago for the week of 2023-08-17, the average rate was 6.87%.

    Levelland's average rate one year ago was 5.8%.

    For refis of the same type during the week of 2023-09-21, the average rate was 7.79%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-21 7.19%
    Levelland 30 Year Fixed Rate 2023-09-21 7.37%
    Levelland 30 Year Fixed Rate Refi 2023-09-21 7.79%
    Levelland 15 Year Fixed Rate 2023-09-21 6.64%
    Levelland 15 Year Fixed Rate Refi 2023-09-21 6.94%
    Levelland 30 Year FHA 2023-09-21 7.24%
    Levelland 30 Year FHA Refi 2023-09-21 6.94%
    Levelland 30 Year USDA 2023-09-21 7.02%
    Levelland 30 Year USDA Refi 2023-09-21 6.82%
    Levelland 30 Year VA 2023-09-21 7.02%
    Levelland 30 Year VA Refi 2023-09-21 6.92%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    City Bank 16 4.86% $5,074
    TEXAS TECH 16 5.24% $4,818
    QUICKEN LOANS, LLC 11 4.73% $4,827
    Prosperity Bank 7 4.98% $4,036
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 4.94% $3,897
    First Bank & Trust 5 5.05% $6,053
    Alliance Credit Union 3 3.79% $5,684
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 5.91% $4,505
    CARDINAL FINANCIAL 3 5.50% $11,705
    21ST MORTGAGE CORPORATION 2 6.80% $6,508
    Flagstar Bank, FSB 2 5.19% $4,983
    HOME POINT FINANCIAL CORPORATION 2 5.68% $4,205
    JPMorgan Chase Bank 2 5.31% $3,676
    PENNYMAC LOAN SERVICES, LLC 2 5.88% $6,982
    THRIVE MORTGAGE, LLC 2 6.94% $6,879
    UNITED WHOLESALE MORTGAGE, LLC 2 5.72% $5,924
    Farm Credit Mid-America, ACA 1 5.35% $25,742
    AmeriHome Mortgage Company, LLC 1 7.25% $6,969
    A&D Mortgage LLC 1 9.75% $7,090
    Wells Fargo Bank 1 6.75% $5,350
    HOMESPIRE MORTGAGE CORPORATION 1 4.00% $4,460
    Truist 1 3.25% $5,265
    ZILLOW HOME LOANS, LLC 1 6.13% $4,744
    PNC Bank 1 3.00% $8,002
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.99% $4,998
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.00% $6,554
    AMERICAN FINANCING CORPORATION 1 4.63% $6,233
    AgFirst Farm Credit Bank 1 7.25% $5,596
    Southwest Bank 1 5.50% $4,006
    Carrington Mortgage Services, LLC 1 5.38% $5,249
    Centennial Bank 1 3.00% $4,527
    CALIBER HOME LOANS, INC. 1 5.99% $3,823
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 4.75% $5,092
    EVERETT FINANCIAL, INC. 1 6.13% $1,931
    BOKF 1 6.63% $3,860

    Levelland Average Closing Costs & Other Stats

    Levelland, TX's 35 lenders originated 302 loans during 2022. The total origination value was $52,200,000, with an average loan value of $172,848.

    Levelland's average closing costs are $5,461.

    The top Levelland lender as defined by loan originations is City Bank, with 16 loans originated. Their average total fees are $5,074, which is $256 higher than the next largest lender, TEXAS TECH.

    The lowest fee Levelland lenders (with over 10 loans originated) are TEXAS TECH ($4,818), QUICKEN LOANS, LLC ($4,827), City Bank ($5,074), .

    The lowest rate Levelland lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.73%), City Bank (4.86%), TEXAS TECH (5.24%), .

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    City Bank $13,175,000 $6,655,000 -49.5% 12.7%
    First Bank & Trust $8,065,000 $5,930,000 -26.5% 11.4%
    TEXAS TECH $6,245,000 $4,830,000 -22.7% 9.3%
    21ST MORTGAGE CORPORATION $2,005,000 $3,475,000 73.3% 6.7%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $2,960,000 $3,200,000 8.1% 6.1%
    Prosperity Bank $2,430,000 $2,730,000 12.3% 5.2%
    QUICKEN LOANS, LLC $3,685,000 $2,230,000 -39.5% 4.3%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $5,225,000 $1,855,000 -64.5% 3.6%
    UNITED WHOLESALE MORTGAGE, LLC $195,000 $1,545,000 692.3% 3.0%
    FLAT BRANCH MORTGAGE, INC. $1,310,000 n/a 2.5%
    Mortgage Research Center, LLC $380,000 $1,180,000 210.5% 2.3%
    Alliance Credit Union $1,825,000 $1,175,000 -35.6% 2.3%
    Flagstar Bank, FSB $900,000 n/a 1.7%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $505,000 $805,000 59.4% 1.5%
    PENNYMAC LOAN SERVICES, LLC $690,000 $740,000 7.2% 1.4%
    LOANDEPOT.COM, LLC $475,000 $715,000 50.5% 1.4%
    SOUTHWEST STAGE FUNDING, LLC $115,000 $680,000 491.3% 1.3%
    Farm Credit Mid-America, ACA $605,000 n/a 1.2%
    TRIAD FINANCIAL SERVICES, INC. $190,000 $575,000 202.6% 1.1%
    Centennial Bank $425,000 n/a 0.8%
    Amarillo National Bank $1,740,000 $420,000 -75.9% 0.8%
    HOME POINT FINANCIAL CORPORATION $410,000 n/a 0.8%
    Truist $405,000 n/a 0.8%
    HOMESPIRE MORTGAGE CORPORATION $120,000 $390,000 225.0% 0.7%
    CITY FIRST MORTGAGE SERVICES, L.L.C. $425,000 $380,000 -10.6% 0.7%
    Mr. Cooper ( Nationstar Mortgage ) $1,000,000 $370,000 -63.0% 0.7%
    AmeriHome Mortgage Company, LLC $535,000 $360,000 -32.7% 0.7%
    THRIVE MORTGAGE, LLC $510,000 $360,000 -29.4% 0.7%
    ZILLOW HOME LOANS, LLC $350,000 n/a 0.7%
    FIRST CENTENNIAL MORTGAGE CORPORATION $340,000 n/a 0.7%
    First United Bank $700,000 $315,000 -55.0% 0.6%
    FirstBank Southwest $305,000 n/a 0.6%
    The Home Loan Expert LLC $295,000 n/a 0.6%
    FREEDOM MORTGAGE CORPORATION $1,345,000 $290,000 -78.4% 0.6%
    JPMorgan Chase Bank $280,000 n/a 0.5%
    AMERICAN FINANCING CORPORATION $270,000 n/a 0.5%
    CALIBER HOME LOANS, INC. $580,000 $270,000 -53.4% 0.5%
    AgFirst Farm Credit Bank $295,000 $265,000 -10.2% 0.5%
    Gateway First Bank $970,000 $260,000 -73.2% 0.5%
    Wells Fargo Bank $825,000 $250,000 -69.7% 0.5%
    Mid-Continent Funding, Inc. $245,000 n/a 0.5%
    VANDERBILT MORTGAGE AND FINANCE, INC. $205,000 $240,000 17.1% 0.5%
    NFM, INC. $235,000 n/a 0.5%
    United Community Bank $230,000 n/a 0.4%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $225,000 n/a 0.4%
    MORTGAGE FINANCIAL SERVICES, LLC $215,000 n/a 0.4%
    BROKER SOLUTIONS, INC. $400,000 $195,000 -51.3% 0.4%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $185,000 n/a 0.4%
    GUARANTEED RATE, INC. $165,000 n/a 0.3%
    ROYAL UNITED MORTGAGE LLC $65,000 $160,000 146.2% 0.3%
    NATIONS DIRECT MORTGAGE, LLC $150,000 n/a 0.3%
    PNC Bank $235,000 $145,000 -38.3% 0.3%
    A&D Mortgage LLC $125,000 n/a 0.2%
    Community National Bank $165,000 $125,000 -24.2% 0.2%
    Vista Bank $195,000 $120,000 -38.5% 0.2%
    Carrington Mortgage Services, LLC $250,000 $115,000 -54.0% 0.2%
    NEWREZ LLC $95,000 n/a 0.2%
    BOKF $85,000 n/a 0.2%
    EVERETT FINANCIAL, INC. $85,000 n/a 0.2%
    Southwest Bank $1,475,000 $85,000 -94.2% 0.2%
    HOMETRUST MORTGAGE COMPANY $1,210,000 $75,000 -93.8% 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $305,000 $45,000 -85.2% 0.1%

    Levelland's top lender by overall market share is City Bank, with 12.7% market share. In second place, with 11.4%, is First Bank & Trust, having originated $5,930,000 in loans. In third place, with 9.3%, is TEXAS TECH, having originated $4,830,000 in loans. In fourth place, with 6.7%, is 21ST MORTGAGE CORPORATION, having originated $3,475,000 in loans. In fifth place, with 6.1%, is ARK-LA-TEX FINANCIAL SERVICES, LLC., having originated $3,200,000 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 (-5.9%) $190,119 (-6.1%) 0.00 63
    2018-02-01 $173,650 (-2.8%) $197,694 (-1.7%) 0.00 59
    2018-03-01 $184,000 (1.8%) $221,670 (8.6%) 0.00 48
    2018-04-01 $202,450 (30.6%) $226,264 (11.7%) 0.00 51
    2018-05-01 $203,050 (33.4%) $223,194 (11.0%) 0.00 48
    2018-06-01 $207,450 (35.6%) $221,782 (12.9%) 0.00 49
    2018-07-01 $187,500 (25.1%) $213,085 (16.9%) 0.00 54
    2018-08-01 $179,900 (29.9%) $212,817 (23.4%) 0.00 56
    2018-09-01 $165,000 (11.9%) $195,526 (13.3%) 0.00 59
    2018-10-01 $165,000 (-2.2%) $200,207 (5.0%) 0.00 61
    2018-11-01 $175,700 (4.2%) $214,069 (14.1%) 0.00 59
    2018-12-01 $164,950 (-2.9%) $206,027 (9.1%) 0.00 59
    2019-01-01 $157,213 (-7.5%) $193,686 (1.9%) 0.00 61
    2019-02-01 $149,488 (-13.9%) $207,490 (5.0%) 0.00 61
    2019-03-01 $139,307 (-24.3%) $210,253 (-5.2%) 0.00 55
    2019-04-01 $139,307 (-31.2%) $205,520 (-9.2%) 0.00 55
    2019-05-01 $142,500 (-29.8%) $191,658 (-14.1%) 0.00 47
    2019-06-01 $140,000 (-32.5%) $187,876 (-15.3%) 0.00 45
    2019-07-01 $138,750 (-26.0%) $171,119 (-19.7%) 0.00 59
    2019-08-01 $135,909 (-24.5%) $159,699 (-25.0%) 0.00 64
    2019-09-01 $129,773 (-21.4%) $150,033 (-23.3%) 0.00 63
    2019-10-01 $125,000 (-24.2%) $151,948 (-24.1%) 0.00 63
    2019-11-01 $122,250 (-30.4%) $157,494 (-26.4%) 0.00 61
    2019-12-01 $126,875 (-23.1%) $163,996 (-20.4%) 0.00 65
    2020-01-01 $125,725 (-20.0%) $163,516 (-15.6%) 0.00 64
    2020-02-01 $125,000 (-16.4%) $162,777 (-21.6%) 0.00 59
    2020-03-01 $149,900 (7.6%) $180,595 (-14.1%) 0.00 58
    2020-04-01 $147,450 (5.9%) $165,114 (-19.7%) 0.00 57
    2020-05-01 $149,950 (5.2%) $168,274 (-12.2%) 0.00 61
    2020-06-01 $151,425 (8.2%) $164,718 (-12.3%) 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
    Levelland's median listing price for 2023-08-01 was $231,425, a difference of $-11,275 (-4.7%) versus the prior year and $-8,475 versus the prior month.

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

    Levelland's average listing price for 2023-08-01 was $281,177, a difference of $10,291 (3.8%) versus the prior year and $-10,231 versus the prior month.

    For the 2023-08-01 period, Levelland had 71 MLS listings, a difference of 2 listings (3%) versus the prior month and 20 listings (39%) 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 2,126 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 2,159 sqft
    2018-12-01 0 days 2,152 sqft
    2019-01-01 0 days 2,039 sqft
    2019-02-01 0 days 1,996 sqft
    2019-03-01 0 days 1,985 sqft
    2019-04-01 0 days 2,029 sqft
    2019-05-01 0 days 1,901 sqft
    2019-06-01 0 days 1,868 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
    Levelland's median listing age (time on market) for 2023-08-01 was 0 days.

    Levelland's median square footage for active listings during the 2023-08-01 period was 2,234 sqft. One year prior, the average listing was 2,332 sqft.

    Levelland, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 209 $37,095,000 $177,488
    Refi 43 $8,295,000 $192,907
    Cash Out Refi 34 $4,710,000 $138,529
    Other 10 $1,030,000 $103,000
    Home Improvement 6 $1,070,000 $178,333

    Levelland's most frequently cited loan purpose was Home Purchase, with 209 originations. The 2nd most popular reason was Refi, with 43 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 83 $14,765,000 $177,892
    4-5% 56 $10,330,000 $184,464
    6-7% 55 $8,025,000 $145,909
    3-4% 51 $10,455,000 $205,000
    Over 8% 24 $2,950,000 $122,917
    2.5-3% 14 $2,680,000 $191,429
    7-8% 13 $1,985,000 $152,692
    <2.5% 2 $460,000 $230,000

    During 2022, Levelland's most frequently originated rate bucket was 5-6%, with 83 originations.

    Loan Sizing (Levelland, TX MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 132 $19,410,000 $147,045
    $200k-400k 79 $20,805,000 $263,354
    $100,000 or less 77 $5,435,000 $70,584
    $400k-600k 12 $5,240,000 $436,667
    $600k-1000k 2 $1,310,000 $655,000

    Levelland's loan sizing saw the bucket of loans from $100k-200k with 132 originations, totaling $19,410,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 186 $33,550,000 $180,376
    60-80% 61 $10,945,000 $179,426
    40-60% 29 $5,065,000 $174,655
    20-40% 14 $1,130,000 $80,714
    Over 100% 3 $535,000 $178,333
    Under 20% 3 $135,000 $45,000

    Levelland's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 186 originations, totaling $33,550,000 in origination value.