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 6.55% for the week of 2025-07-03, compared to the national average of 6.67% for the same period.

The average rate for the prior week (2025-06-26) was 6.95% and one month ago for the week of 2025-05-29, the average rate was 7.17%.

Levelland's average rate one year ago was 6.84%.

For refis of the same type during the week of 2025-07-03, the average rate was 7.17%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-07-03 6.67%
Levelland 30 Year Fixed Rate 2025-07-03 6.55%
Levelland 30 Year Fixed Rate Refi 2025-07-03 7.17%
Levelland 15 Year Fixed Rate 2025-07-03 5.6%
Levelland 15 Year Fixed Rate Refi 2025-07-03 6.3%
Levelland 30 Year FHA 2025-07-03 0.23%
Levelland 30 Year FHA Refi 2025-07-03 0.2%
Levelland 30 Year USDA 2025-07-03 0.1%
Levelland 30 Year USDA Refi 2025-07-03 -0.2%
Levelland 30 Year VA 2025-07-03 0%
Levelland 30 Year VA Refi 2025-07-03 -0.2%
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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
City Bank 11 6.83% $7,544
TEXAS TECH 10 6.41% $5,795
QUICKEN LOANS, LLC 10 6.97% $6,978
T2 FINANCIAL LLC 9 7.07% $4,970
Alliance Credit Union 6 6.67% $9,863
HOMESIDE FINANCIAL, LLC 5 6.82% $6,935
UNITED WHOLESALE MORTGAGE, LLC 4 6.46% $5,351
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.65% $3,283
FLAT BRANCH MORTGAGE, INC. 3 6.83% $5,925
21ST MORTGAGE CORPORATION 3 8.10% $5,938
CROSSCOUNTRY MORTGAGE, LLC 2 7.00% $9,362
LOANDEPOT.COM, LLC 2 6.50% $11,008
FIRST COLONY MORTGAGE CORPORATION 1 6.50% $4,361
Centennial Bank 1 6.88% $4,725
HOMESPIRE MORTGAGE CORPORATION 1 6.63% $4,686
Discover Bank 1 7.59% $0
Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $6,817
NEWREZ LLC 1 6.38% $6,487
Paramount Residential Mortgage Group, Inc. 1 6.88% $11,188
PENNYMAC LOAN SERVICES, LLC 1 6.62% $6,894
CARDINAL FINANCIAL 1 6.63% $5,173
ROYAL UNITED MORTGAGE LLC 1 7.25% $11,547
BROKER SOLUTIONS, INC. 1 7.13% $7,150
Amarillo National Bank 1 6.88% $4,514
UMB Bank 1 6.25% $3,235
UNITED MORTGAGE CORP 1 7.50% $9,836
First United Bank 1 6.63% $5,509

Levelland Average Closing Costs & Other Stats

Levelland, TX's 27 lenders originated 295 loans during 2024. The total origination value was $60,745,000, with an average loan value of $205,915.

Levelland's average closing costs are $6,010.

The top Levelland lender as defined by loan originations is City Bank, with 11 loans originated. Their average total fees are $7,544, which is $1,749 higher than the next largest lender, TEXAS TECH.

The lowest fee Levelland lenders (with over 10 loans originated) are TEXAS TECH ($5,795), QUICKEN LOANS, LLC ($6,978), City Bank ($7,544), .

The lowest rate Levelland lenders (with over 10 loans originated) are TEXAS TECH (6.41%), City Bank (6.83%), QUICKEN LOANS, LLC (6.97%), .

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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
FLAT BRANCH MORTGAGE, INC. $6,030,000 $7,445,000 23.5% 12.3%
City Bank $6,630,000 $5,995,000 -9.6% 9.9%
Alliance Credit Union $3,615,000 $4,040,000 11.8% 6.7%
21ST MORTGAGE CORPORATION $2,415,000 $3,960,000 64.0% 6.5%
TEXAS TECH $5,005,000 $3,935,000 -21.4% 6.5%
QUICKEN LOANS, LLC $2,770,000 $3,215,000 16.1% 5.3%
T2 FINANCIAL LLC $805,000 $3,030,000 276.4% 5.0%
HOMESIDE FINANCIAL, LLC $2,845,000 n/a 4.7%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,935,000 $2,335,000 20.7% 3.8%
Mortgage Research Center, LLC $1,340,000 $2,250,000 67.9% 3.7%
CARDINAL FINANCIAL $1,530,000 $2,165,000 41.5% 3.6%
UNITED WHOLESALE MORTGAGE, LLC $680,000 $1,580,000 132.4% 2.6%
Peoples Bank $1,540,000 n/a 2.5%
Amarillo National Bank $670,000 $1,495,000 123.1% 2.5%
CROSSCOUNTRY MORTGAGE, LLC $1,070,000 n/a 1.8%
HOMESPIRE MORTGAGE CORPORATION $290,000 $1,035,000 256.9% 1.7%
VILLAGE CAPITAL MORTGAGE $765,000 n/a 1.3%
Centennial Bank $495,000 $715,000 44.4% 1.2%
LOANDEPOT.COM, LLC $145,000 $695,000 379.3% 1.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $115,000 $620,000 439.1% 1.0%
BROKER SOLUTIONS, INC. $315,000 $575,000 82.5% 0.9%
TRIAD FINANCIAL SERVICES, INC. $565,000 $560,000 -0.9% 0.9%
Vista Bank $55,000 $550,000 900.0% 0.9%
FREEDOM MORTGAGE CORPORATION $450,000 $475,000 5.6% 0.8%
Prosperity Bank $1,875,000 $415,000 -77.9% 0.7%
HOMETRUST MORTGAGE COMPANY $1,325,000 $405,000 -69.4% 0.7%
NETWORK CAPITAL FUNDING CORPORATION $405,000 n/a 0.7%
Bank of America $355,000 n/a 0.6%
Mr. Cooper ( Nationstar Mortgage ) $105,000 $355,000 238.1% 0.6%
PENNYMAC LOAN SERVICES, LLC $185,000 $350,000 89.2% 0.6%
EVERETT FINANCIAL, INC. $105,000 $320,000 204.8% 0.5%
ROYAL UNITED MORTGAGE LLC $210,000 $300,000 42.9% 0.5%
CMG MORTGAGE, INC. $195,000 $285,000 46.2% 0.5%
UNITED MORTGAGE CORP $285,000 n/a 0.5%
USAA Federal Savings Bank $275,000 n/a 0.5%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $255,000 n/a 0.4%
Paramount Residential Mortgage Group, Inc. $245,000 n/a 0.4%
First United Bank $25,000 $225,000 800.0% 0.4%
Wells Fargo Bank $100,000 $225,000 125.0% 0.4%
GUILD MORTGAGE COMPANY $325,000 $195,000 -40.0% 0.3%
SPRING EQ, LLC $190,000 n/a 0.3%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $185,000 n/a 0.3%
NAVY FEDERAL CREDIT UNION $400,000 $185,000 -53.8% 0.3%
Sierra Pacific Mortgage Company, Inc. $155,000 n/a 0.3%
FIRST COLONY MORTGAGE CORPORATION $135,000 n/a 0.2%
Discover Bank $130,000 n/a 0.2%
First Financial Bank $125,000 n/a 0.2%
Encompass Lending Group, LP $105,000 n/a 0.2%
NEWREZ LLC $85,000 n/a 0.1%
NEIGHBORHOOD $75,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $65,000 n/a 0.1%
UMB Bank $55,000 n/a 0.1%

Levelland's top lender by overall market share is FLAT BRANCH MORTGAGE, INC., with 12.3% market share. In second place, with 9.9%, is City Bank, having originated $5,995,000 in loans. In third place, with 6.7%, is Alliance Credit Union, having originated $4,040,000 in loans. In fourth place, with 6.5%, is 21ST MORTGAGE CORPORATION, having originated $3,960,000 in loans. In fifth place, with 6.5%, is TEXAS TECH, having originated $3,935,000 in loans.

Levelland, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 229 $47,775,000 $208,624
Refi 30 $8,010,000 $267,000
Other 18 $2,340,000 $130,000
Cash Out Refi 15 $2,205,000 $147,000
Home Improvement 3 $415,000 $138,333

Levelland's most frequently cited loan purpose was Home Purchase, with 229 originations. The 2nd most popular reason was Refi, with 30 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 145 $33,065,000 $228,034
Over 8% 61 $7,645,000 $125,328
7-8% 42 $9,290,000 $221,190
5-6% 33 $7,995,000 $242,273
4-5% 1 $205,000 $205,000

During 2024, Levelland's most frequently originated rate bucket was 6-7%, with 145 originations.

Loan Sizing (Levelland, TX MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 116 $17,660,000 $152,241
$200k-400k 86 $22,920,000 $266,512
$100,000 or less 61 $4,155,000 $68,115
$400k-600k 27 $12,615,000 $467,222
$600k-1000k 5 $3,395,000 $679,000

Levelland's loan sizing saw the bucket of loans from $100k-200k with 116 originations, totaling $17,660,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 183 $40,735,000 $222,596
60-80% 42 $8,530,000 $203,095
40-60% 23 $3,975,000 $172,826
20-40% 11 $1,265,000 $115,000
Under 20% 10 $340,000 $34,000
Over 100% 6 $1,350,000 $225,000

Levelland's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 183 originations, totaling $40,735,000 in origination value.