LUBBOCK Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Lubbock averaged
6.75%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.58% and
one month ago for the week of 2024-10-03, the
average rate was 5.98%.
Lubbock's average rate one year ago was 7.52%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.86%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Lubbock 30 Year Fixed Rate | 2024-11-07 | 6.75% |
| Lubbock 30 Year Fixed Rate Refi | 2024-11-07 | 6.86% |
| Lubbock 15 Year Fixed Rate | 2024-11-07 | 6.47% |
| Lubbock 15 Year Fixed Rate Refi | 2024-11-07 | 6.2% |
| Lubbock 30 Year FHA | 2024-11-07 | 6.12% |
| Lubbock 30 Year FHA Refi | 2024-11-07 | 6.33% |
| Lubbock 30 Year USDA | 2024-11-07 | 6.68% |
| Lubbock 30 Year USDA Refi | 2024-11-07 | 6.48% |
| Lubbock 30 Year VA | 2024-11-07 | 6.07% |
| Lubbock 30 Year VA Refi | 2024-11-07 | 6.24% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within LUBBOCK, TX.
LUBBOCK 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 LUBBOCK, 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.).
LUBBOCK Average Closing Costs & Other Stats
LUBBOCK, TX's 186 lenders originated 5,738
loans during 2023. The total origination value was $1,382,030,000, with an average loan value of
$240,856.
LUBBOCK's average closing costs are $5,498.
The top LUBBOCK lender as defined by loan originations is TEXAS TECH, with
436 loans originated. Their average total fees are
$4,974, which is $118
lower than the next largest lender,
ARK-LA-TEX FINANCIAL SERVICES, LLC..
The lowest fee LUBBOCK lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($3,201), Prosperity Bank ($4,016), Centennial Bank ($4,611), T2 FINANCIAL LLC ($4,699) and TEXAS TECH ($4,974).
The lowest rate LUBBOCK lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.70%), General Mortgage Capital Corporation (6.27%), Wells Fargo Bank (6.36%), MICHIGAN MUTUAL, INC. (6.37%) and HOMETRUST MORTGAGE COMPANY (6.50%).
LUBBOCK, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| TEXAS TECH | $237,965,000 | $167,520,000 | -29.6% | 12.1% |
| Alliance Credit Union | $135,390,000 | $105,260,000 | -22.3% | 7.6% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $108,470,000 | $74,905,000 | -30.9% | 5.4% |
| City Bank | $117,855,000 | $71,760,000 | -39.1% | 5.2% |
| T2 FINANCIAL LLC | $230,000 | $53,010,000 | 22,947.8% | 3.8% |
| CARDINAL FINANCIAL | $65,215,000 | $46,615,000 | -28.5% | 3.4% |
| Prosperity Bank | $66,590,000 | $45,915,000 | -31.0% | 3.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $24,860,000 | $42,245,000 | 69.9% | 3.1% |
| Merchants Capital Corp. | $41,660,000 | n/a | 3.0% | |
| QUICKEN LOANS, LLC | $48,935,000 | $37,655,000 | -23.1% | 2.7% |
| THRIVE MORTGAGE, LLC | $8,975,000 | $37,305,000 | 315.7% | 2.7% |
| Peoples Bank | $54,990,000 | $33,675,000 | -38.8% | 2.4% |
| Amarillo National Bank | $35,885,000 | $25,370,000 | -29.3% | 1.8% |
| Southwest Bank | $27,245,000 | $25,285,000 | -7.2% | 1.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $39,280,000 | $24,580,000 | -37.4% | 1.8% |
| DHI MORTGAGE COMPANY, LTD. | $10,430,000 | $22,565,000 | 116.3% | 1.6% |
| First United Bank | $43,885,000 | $21,130,000 | -51.9% | 1.5% |
| Mortgage Research Center, LLC | $19,060,000 | $18,365,000 | -3.6% | 1.3% |
| FLAT BRANCH MORTGAGE, INC. | $2,990,000 | $15,835,000 | 429.6% | 1.1% |
| Arbor Realty Trust, Inc. | $8,540,000 | $13,825,000 | 61.9% | 1.0% |
| GUILD MORTGAGE COMPANY | $6,595,000 | $11,880,000 | 80.1% | 0.9% |
| JPMorgan Chase Bank | $314,340,000 | $11,475,000 | -96.3% | 0.8% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $11,825,000 | $11,155,000 | -5.7% | 0.8% |
| Wells Fargo Bank | $15,205,000 | $10,355,000 | -31.9% | 0.7% |
| LOANDEPOT.COM, LLC | $13,135,000 | $9,650,000 | -26.5% | 0.7% |
| LIMA ONE CAPITAL, LLC | $2,780,000 | $9,615,000 | 245.9% | 0.7% |
| Centennial Bank | $23,295,000 | $9,195,000 | -60.5% | 0.7% |
| LENDINGONE, LLC | $485,000 | $8,850,000 | 1,724.7% | 0.6% |
| Western Bank | $13,210,000 | $8,290,000 | -37.2% | 0.6% |
| Community National Bank | $18,665,000 | $8,265,000 | -55.7% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $5,940,000 | $7,660,000 | 29.0% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $10,155,000 | $7,580,000 | -25.4% | 0.5% |
| Flagstar Bank, FSB | $5,325,000 | $6,940,000 | 30.3% | 0.5% |
| MICHIGAN MUTUAL, INC. | $410,000 | $6,425,000 | 1,467.1% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,640,000 | $6,160,000 | -19.4% | 0.4% |
| ORIX REAL ESTATE CAPITAL, LLC | $5,335,000 | n/a | 0.4% | |
| GUARANTEED RATE, INC. | $2,185,000 | $4,965,000 | 127.2% | 0.4% |
| Bank of America | $7,755,000 | $4,930,000 | -36.4% | 0.4% |
| HOMETRUST MORTGAGE COMPANY | $8,160,000 | $4,930,000 | -39.6% | 0.4% |
| Plains Commerce Bank | $350,000 | $4,835,000 | 1,281.4% | 0.3% |
| Merchants Bank of Indiana | $22,840,000 | $4,805,000 | -79.0% | 0.3% |
| LONE STAR STATE BANK | $4,630,000 | n/a | 0.3% | |
| 21ST MORTGAGE CORPORATION | $2,905,000 | $4,530,000 | 55.9% | 0.3% |
| USAA Federal Savings Bank | $4,210,000 | $4,225,000 | 0.4% | 0.3% |
| PENNYMAC LOAN SERVICES, LLC | $10,115,000 | $4,160,000 | -58.9% | 0.3% |
| CMG MORTGAGE, INC. | $4,260,000 | $4,155,000 | -2.5% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,225,000 | $3,975,000 | 78.7% | 0.3% |
| Vista Bank | $7,520,000 | $3,960,000 | -47.3% | 0.3% |
| SFMC, LP | $1,755,000 | $3,795,000 | 116.2% | 0.3% |
| HOMEXPRESS MORTGAGE CORP. | $280,000 | $3,375,000 | 1,105.4% | 0.2% |
| PNC Bank | $1,405,000 | $3,240,000 | 130.6% | 0.2% |
| A&D Mortgage LLC | $575,000 | $3,220,000 | 460.0% | 0.2% |
| U.S. Bank | $5,700,000 | $3,170,000 | -44.4% | 0.2% |
| RANDOLPH-BROOKS | $5,500,000 | $3,055,000 | -44.5% | 0.2% |
| NexBank | $450,000 | $2,990,000 | 564.4% | 0.2% |
| Gateway First Bank | $8,915,000 | $2,965,000 | -66.7% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,425,000 | $2,935,000 | 106.0% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,285,000 | $2,930,000 | 128.0% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $310,000 | $2,895,000 | 833.9% | 0.2% |
| American State Bank | $24,535,000 | $2,520,000 | -89.7% | 0.2% |
| BancorpSouth | $1,705,000 | $2,520,000 | 47.8% | 0.2% |
| PlainsCapital Bank | $2,275,000 | $2,495,000 | 9.7% | 0.2% |
| First Financial Bank | $4,940,000 | $2,490,000 | -49.6% | 0.2% |
| DEEPHAVEN MORTGAGE LLC | $2,370,000 | n/a | 0.2% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $920,000 | $2,210,000 | 140.2% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $3,130,000 | $2,200,000 | -29.7% | 0.2% |
| ZILLOW HOME LOANS, LLC | $835,000 | $2,070,000 | 147.9% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $2,530,000 | $2,035,000 | -19.6% | 0.1% |
| First Horizon Bank | $870,000 | $2,035,000 | 133.9% | 0.1% |
| AMCAP MORTGAGE, LTD. | $5,185,000 | $1,970,000 | -62.0% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $4,550,000 | $1,920,000 | -57.8% | 0.1% |
| Citizens Bank | $8,140,000 | $1,915,000 | -76.5% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $1,160,000 | $1,830,000 | 57.8% | 0.1% |
| American Bank of Commerce | $15,275,000 | $1,770,000 | -88.4% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $4,655,000 | $1,730,000 | -62.8% | 0.1% |
| GARDNER FINANCIAL SERVICES, LTD. | $1,705,000 | n/a | 0.1% | |
| General Mortgage Capital Corporation | $17,625,000 | $1,685,000 | -90.4% | 0.1% |
| EVERETT FINANCIAL, INC. | $6,245,000 | $1,680,000 | -73.1% | 0.1% |
| Discover Bank | $1,260,000 | $1,670,000 | 32.5% | 0.1% |
| Commerce Home Mortgage, Inc. | $450,000 | $1,635,000 | 263.3% | 0.1% |
| NEWREZ LLC | $3,120,000 | $1,630,000 | -47.8% | 0.1% |
| First United Bank and Trust Company | $3,025,000 | $1,625,000 | -46.3% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $1,150,000 | $1,620,000 | 40.9% | 0.1% |
| NATIONS RELIABLE LENDING, LLC | $1,320,000 | $1,570,000 | 18.9% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $1,535,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $640,000 | $1,530,000 | 139.1% | 0.1% |
| Northpointe Bank | $635,000 | $1,530,000 | 140.9% | 0.1% |
| Regions Bank | $1,175,000 | $1,480,000 | 26.0% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $2,020,000 | $1,470,000 | -27.2% | 0.1% |
| The Loan Store, Inc. | $1,430,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,295,000 | $1,405,000 | 8.5% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $2,265,000 | $1,380,000 | -39.1% | 0.1% |
| Equity Prime Mortgage LLC | $280,000 | $1,345,000 | 380.4% | 0.1% |
| GUARANTY HOME MORTGAGE CORPORATION | $225,000 | $1,345,000 | 497.8% | 0.1% |
| MORTGAGE ACCESS CORP. | $1,280,000 | n/a | 0.1% | |
| LRS FINANCIAL NETWORK, INC. | $1,530,000 | $1,260,000 | -17.6% | 0.1% |
| PHH Mortgage Corporation | $2,320,000 | $1,255,000 | -45.9% | 0.1% |
| SIWELL, INC. | $4,100,000 | $1,255,000 | -69.4% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,900,000 | $1,245,000 | -34.5% | 0.1% |
| Neighborhood Loans, Inc. | $1,760,000 | $1,245,000 | -29.3% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,065,000 | $1,240,000 | 16.4% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $185,000 | $1,170,000 | 532.4% | 0.1% |
| BETTER MORTGAGE CORPORATION | $2,475,000 | $1,150,000 | -53.5% | 0.1% |
| Citibank | $275,000 | $1,140,000 | 314.5% | 0.1% |
| FIRST COLONY MORTGAGE CORPORATION | $155,000 | $1,120,000 | 622.6% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $1,105,000 | n/a | 0.1% | |
| Affiliated Bank | $1,065,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $1,355,000 | $1,060,000 | -21.8% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,225,000 | $1,060,000 | -13.5% | 0.1% |
| Citizens Bank, N.A | $1,045,000 | n/a | 0.1% | |
| Truist | $1,970,000 | $1,015,000 | -48.5% | 0.1% |
| GENEVA FINANCIAL, LLC | $450,000 | $975,000 | 116.7% | 0.1% |
| Heritage Bank | $960,000 | n/a | 0.1% | |
| Strong Home Mortgage, LLC | $735,000 | $935,000 | 27.2% | 0.1% |
| West Texas National Bank | $485,000 | $915,000 | 88.7% | 0.1% |
| SWBC MORTGAGE CORPORATION | $1,735,000 | $910,000 | -47.6% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $1,210,000 | $885,000 | -26.9% | 0.1% |
| BROKER SOLUTIONS, INC. | $4,145,000 | $885,000 | -78.6% | 0.1% |
| Complex Community Federal Credit Union | $750,000 | $885,000 | 18.0% | 0.1% |
| TOWNE MORTGAGE COMPANY | $880,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $885,000 | $865,000 | -2.3% | 0.1% |
| COUNTRYPLACE MORTGAGE, LTD. | $1,235,000 | $860,000 | -30.4% | 0.1% |
| Western Commerce Bank | $855,000 | $860,000 | 0.6% | 0.1% |
| BOKF | $910,000 | $840,000 | -7.7% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $675,000 | $830,000 | 23.0% | 0.1% |
| First American Bank | $2,345,000 | $805,000 | -65.7% | 0.1% |
| OCMBC, INC. | $455,000 | $805,000 | 76.9% | 0.1% |
| AmeriHome Mortgage Company, LLC | $2,010,000 | $795,000 | -60.4% | 0.1% |
| INTEGRITY MORTGAGE CORPORATION OF TEXAS | $1,075,000 | $795,000 | -26.0% | 0.1% |
| PILGRIM MORTGAGE LLC | $795,000 | n/a | 0.1% | |
| Wellington State Bank | $780,000 | n/a | 0.1% | |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $1,925,000 | $770,000 | -60.0% | 0.1% |
| SECURITY SERVICE | $2,595,000 | $770,000 | -70.3% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $725,000 | $765,000 | 5.5% | 0.1% |
| The Huntington National Bank | $2,305,000 | $765,000 | -66.8% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $1,400,000 | $740,000 | -47.1% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,560,000 | $735,000 | -52.9% | 0.1% |
| NBH Bank | $855,000 | $725,000 | -15.2% | 0.1% |
| NFM, INC. | $155,000 | $725,000 | 367.7% | 0.1% |
| American National Bank & Trust | $1,220,000 | $690,000 | -43.4% | 0.0% |
| PLANET HOME LENDING, LLC | $740,000 | $685,000 | -7.4% | 0.0% |
| MidFirst Bank | $250,000 | $665,000 | 166.0% | 0.0% |
| International Bank of Commerce | $495,000 | $660,000 | 33.3% | 0.0% |
| NEXERA HOLDING LLC | $1,380,000 | $660,000 | -52.2% | 0.0% |
| AMWEST FUNDING CORP. | $720,000 | $630,000 | -12.5% | 0.0% |
| The Central Trust Bank | $265,000 | $625,000 | 135.8% | 0.0% |
| Raymond James Bank | $620,000 | n/a | 0.0% | |
| Loan Simple, Inc. | $390,000 | $610,000 | 56.4% | 0.0% |
| CALIBER HOME LOANS, INC. | $4,540,000 | $605,000 | -86.7% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $545,000 | $595,000 | 9.2% | 0.0% |
| Servion, Inc. | $590,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $390,000 | $590,000 | 51.3% | 0.0% |
| LEGEND LENDING CORPORATION | $345,000 | $585,000 | 69.6% | 0.0% |
| First Commercial Bank | $390,000 | $555,000 | 42.3% | 0.0% |
| Colonial Savings, F.A. | $2,285,000 | $540,000 | -76.4% | 0.0% |
| OAKTREE FUNDING CORP. | $235,000 | $540,000 | 129.8% | 0.0% |
| AMERICAN FINANCING CORPORATION | $1,470,000 | $535,000 | -63.6% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $530,000 | n/a | 0.0% | |
| Farm Credit Mid-America, ACA | $530,000 | n/a | 0.0% | |
| VeraBank | $380,000 | $525,000 | 38.2% | 0.0% |
| Simmons Bank | $520,000 | n/a | 0.0% | |
| DIRECTIONS EQUITY, LLC | $505,000 | n/a | 0.0% | |
| Extraco Banks | $185,000 | $505,000 | 173.0% | 0.0% |
| LOANPAL, LLC | $4,190,000 | $505,000 | -87.9% | 0.0% |
| UNION HOME MORTGAGE CORP. | $580,000 | $505,000 | -12.9% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $495,000 | n/a | 0.0% | |
| LAKEVIEW LOAN SERVICING, LLC | $4,055,000 | $495,000 | -87.8% | 0.0% |
| ML Mortgage Corp. | $475,000 | n/a | 0.0% | |
| FirstBank Southwest | $460,000 | $470,000 | 2.2% | 0.0% |
| Network Funding, L.P. | $2,210,000 | $470,000 | -78.7% | 0.0% |
| First Bank | $340,000 | $445,000 | 30.9% | 0.0% |
| Guaranty Bank & Trust, N.A. | $415,000 | $445,000 | 7.2% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $440,000 | n/a | 0.0% | |
| FINANCIAL CONCEPTS MORTGAGE, LLC | $205,000 | $435,000 | 112.2% | 0.0% |
| GROUP MORTGAGE, LLC | $435,000 | n/a | 0.0% | |
| ALAMEDA MORTGAGE CORPORATION | $430,000 | n/a | 0.0% | |
| KEMBA CREDIT UNION, INC. | $425,000 | n/a | 0.0% | |
| Veritex Community Bank | $615,000 | $420,000 | -31.7% | 0.0% |
| HOMESPIRE MORTGAGE CORPORATION | $205,000 | $415,000 | 102.4% | 0.0% |
| Access Community Credit Union | $680,000 | $410,000 | -39.7% | 0.0% |
| DIGITAL Federal Credit Union | $195,000 | $410,000 | 110.3% | 0.0% |
| LOANPEOPLE, LLC | $600,000 | $410,000 | -31.7% | 0.0% |
| BMO Harris Bank | $1,035,000 | $400,000 | -61.4% | 0.0% |
| American Momentum Bank | $750,000 | $395,000 | -47.3% | 0.0% |
| Independent Bank | $205,000 | $395,000 | 92.7% | 0.0% |
| KeyBank | $4,810,000 | $395,000 | -91.8% | 0.0% |
| Bank of England | $950,000 | $390,000 | -58.9% | 0.0% |
| Carrington Mortgage Services, LLC | $1,345,000 | $380,000 | -71.7% | 0.0% |
| Prosperity Home Mortgage, LLC | $2,130,000 | $380,000 | -82.2% | 0.0% |
| Waterstone Mortgage Corporation | $545,000 | $380,000 | -30.3% | 0.0% |
| Citizens State Bank | $205,000 | $365,000 | 78.0% | 0.0% |
| MANN FINANCIAL INC. | $365,000 | n/a | 0.0% | |
| MORTGAGE FINANCIAL SERVICES, LLC | $870,000 | $360,000 | -58.6% | 0.0% |
| GMFS LLC | $595,000 | $355,000 | -40.3% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $355,000 | n/a | 0.0% | |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $285,000 | $350,000 | 22.8% | 0.0% |
| TIB The Independent Bankersbank | $205,000 | $350,000 | 70.7% | 0.0% |
| AgFirst Farm Credit Bank | $530,000 | $345,000 | -34.9% | 0.0% |
| Bank of Utah | $345,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $245,000 | $345,000 | 40.8% | 0.0% |
| The First National Bank of Sonora | $345,000 | n/a | 0.0% | |
| 1ST SIGNATURE LENDING, LLC | $335,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $335,000 | n/a | 0.0% | |
| SouthStar Bank, S.S.B. | $335,000 | n/a | 0.0% | |
| ABILENE TEACHERS Federal Credit Union | $330,000 | n/a | 0.0% | |
| Credit Union of Texas | $250,000 | $325,000 | 30.0% | 0.0% |
| HomePromise Corporation | $325,000 | n/a | 0.0% | |
| MLB RESIDENTIAL LENDING, LLC | $325,000 | n/a | 0.0% | |
| Peoples Bank | $54,990,000 | $325,000 | -99.4% | 0.0% |
| United Fidelity Funding Corp. | $325,000 | n/a | 0.0% | |
| A+ Federal Credit Union | $335,000 | $320,000 | -4.5% | 0.0% |
| North American Savings Bank, F.S.B. | $610,000 | $315,000 | -48.4% | 0.0% |
| Texas Bank and Trust Company | $335,000 | $315,000 | -6.0% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $545,000 | $310,000 | -43.1% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $610,000 | $305,000 | -50.0% | 0.0% |
| THE MORTGAGE LINK, INC. | $265,000 | $305,000 | 15.1% | 0.0% |
| FIRST MORTGAGE COMPANY, INC. | $300,000 | n/a | 0.0% | |
| First National Bank Texas | $7,080,000 | $300,000 | -95.8% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $225,000 | $300,000 | 33.3% | 0.0% |
| EVANSVILLE TEACHERS | $285,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $285,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $420,000 | $285,000 | -32.1% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $280,000 | n/a | 0.0% | |
| Zions Bank | $220,000 | $280,000 | 27.3% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $275,000 | n/a | 0.0% | |
| BNC National Bank | $285,000 | $275,000 | -3.5% | 0.0% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $11,435,000 | $275,000 | -97.6% | 0.0% |
| MORTGAGEONE, INC. | $350,000 | $275,000 | -21.4% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $275,000 | n/a | 0.0% | |
| Baxter Credit Union | $390,000 | $270,000 | -30.8% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $965,000 | $265,000 | -72.5% | 0.0% |
| Morgan Stanley Private Bank | $1,455,000 | $265,000 | -81.8% | 0.0% |
| Ally Bank | $2,410,000 | $260,000 | -89.2% | 0.0% |
| M&T Bank | $250,000 | $255,000 | 2.0% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $5,370,000 | $245,000 | -95.4% | 0.0% |
| Education Credit Union | $2,125,000 | $245,000 | -88.5% | 0.0% |
| First National Bank and Trust Company | $245,000 | n/a | 0.0% | |
| Mid-Continent Funding, Inc. | $340,000 | $235,000 | -30.9% | 0.0% |
| NTFN, INC. | $135,000 | $235,000 | 74.1% | 0.0% |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $225,000 | n/a | 0.0% | |
| CADENCE LENDING GROUP, INC. | $225,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $625,000 | $225,000 | -64.0% | 0.0% |
| HOME FINANCING UNLIMITED, INC. | $115,000 | $225,000 | 95.7% | 0.0% |
| NEW DAY FINANCIAL, LLC | $255,000 | $225,000 | -11.8% | 0.0% |
| Republic State Mortgage Co. | $225,000 | n/a | 0.0% | |
| BECKAM FUNDING CORP. | $215,000 | n/a | 0.0% | |
| Central Bank | $215,000 | n/a | 0.0% | |
| CITYWIDE HOME LOANS, LLC | $215,000 | n/a | 0.0% | |
| MORTGAGE EQUITY PARTNERS LLC | $215,000 | n/a | 0.0% | |
| PANORAMA MORTGAGE GROUP, LLC | $175,000 | $215,000 | 22.9% | 0.0% |
| UNIVERSITY Federal Credit Union | $275,000 | $215,000 | -21.8% | 0.0% |
| AMERICAN FINANCE HOUSE LARIBA | $205,000 | n/a | 0.0% | |
| ASSOCIATED MORTGAGE CORPORATION | $660,000 | $205,000 | -68.9% | 0.0% |
| Stifel Bank and Trust | $330,000 | $205,000 | -37.9% | 0.0% |
| ENCORE BANK | $200,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $1,050,000 | $200,000 | -81.0% | 0.0% |
| Legend Bank, N.A. | $195,000 | n/a | 0.0% | |
| MOUNTAIN WEST FINANCIAL, INC. | $195,000 | n/a | 0.0% | |
| The First National Bank of Albany | $355,000 | $195,000 | -45.1% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $185,000 | n/a | 0.0% | |
| VILLAGE CAPITAL MORTGAGE | $630,000 | $185,000 | -70.6% | 0.0% |
| First National Bank of America | $180,000 | n/a | 0.0% | |
| Arvest Bank | $175,000 | n/a | 0.0% | |
| CERTIFIED FUNDING, L.P. | $230,000 | $175,000 | -23.9% | 0.0% |
| Encompass Lending Group, LP | $165,000 | $175,000 | 6.1% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $750,000 | $175,000 | -76.7% | 0.0% |
| INTERLINC MORTGAGE SERVICES, LLC | $235,000 | $175,000 | -25.5% | 0.0% |
| MORIA DEVELOPMENT, INC. | $175,000 | n/a | 0.0% | |
| BANKSOUTH MORTGAGE COMPANY, LLC | $165,000 | n/a | 0.0% | |
| FIRST TECHNOLOGY | $165,000 | n/a | 0.0% | |
| Keystone Funding, Inc. | $165,000 | n/a | 0.0% | |
| The Jacksboro National Bank | $165,000 | n/a | 0.0% | |
| WILLOW BEND MORTGAGE COMPANY, LLC | $645,000 | $165,000 | -74.4% | 0.0% |
| FirstBank | $425,000 | $160,000 | -62.4% | 0.0% |
| ARC HOME LLC | $845,000 | $155,000 | -81.7% | 0.0% |
| CSL Financial, LLC | $155,000 | n/a | 0.0% | |
| First National Bank of Bosque County | $155,000 | n/a | 0.0% | |
| Grandview Bank | $155,000 | n/a | 0.0% | |
| GREATER TEXAS FEDERAL CREDIT UNION | $105,000 | $155,000 | 47.6% | 0.0% |
| Greenbox Loans, Inc. | $155,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $155,000 | n/a | 0.0% | |
| Inwood National Bank | $670,000 | $155,000 | -76.9% | 0.0% |
| JSC | $155,000 | n/a | 0.0% | |
| RB MORTGAGE LLC | $155,000 | n/a | 0.0% | |
| S1L, Inc. | $95,000 | $155,000 | 63.2% | 0.0% |
| ADVANCIAL | $145,000 | n/a | 0.0% | |
| Ameris Bank | $135,000 | n/a | 0.0% | |
| DUGOOD FEDERAL CREDIT UNION | $135,000 | n/a | 0.0% | |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $175,000 | $135,000 | -22.9% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $125,000 | n/a | 0.0% | |
| GULF COAST EDUCATORS FEDERAL CREDIT UNION | $125,000 | n/a | 0.0% | |
| The First National Bank of Bastrop | $125,000 | n/a | 0.0% | |
| COMPASS MORTGAGE, INC. | $115,000 | n/a | 0.0% | |
| TEXAS TRUST | $350,000 | $115,000 | -67.1% | 0.0% |
| Axos Bank | $65,000 | $105,000 | 61.5% | 0.0% |
| Central Bank | $105,000 | n/a | 0.0% | |
| EECU | $340,000 | $105,000 | -69.1% | 0.0% |
| Ennis State Bank | $105,000 | n/a | 0.0% | |
| Logan Finance Corporation | $135,000 | $105,000 | -22.2% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $95,000 | $105,000 | 10.5% | 0.0% |
| OPEN MORTGAGE, LLC | $235,000 | $105,000 | -55.3% | 0.0% |
| The City National Bank of Sulphur Springs | $105,000 | n/a | 0.0% | |
| V.I.P. MORTGAGE, INC. | $95,000 | n/a | 0.0% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $305,000 | $85,000 | -72.1% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $165,000 | $85,000 | -48.5% | 0.0% |
| Texas Mortgage Lending, LLC | $85,000 | n/a | 0.0% | |
| Comerica Bank | $290,000 | $75,000 | -74.1% | 0.0% |
| COMPEER FINANCIAL, FLCA | $215,000 | $75,000 | -65.1% | 0.0% |
| Golden Empire Mortgage, Inc. | $75,000 | n/a | 0.0% | |
| UIF CORPORATION | $225,000 | $75,000 | -66.7% | 0.0% |
| First Western Federal Savings Bank | $1,460,000 | $65,000 | -95.5% | 0.0% |
| 1ST COMMUNITY FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $695,000 | $45,000 | -93.5% | 0.0% |
| FIRSTMARK | $15,000 | $45,000 | 200.0% | 0.0% |
| Notre Dame Federal Credit Union Corporation | $45,000 | n/a | 0.0% | |
| Frost Bank | $230,000 | $35,000 | -84.8% | 0.0% |
LUBBOCK's top lender by overall market share is TEXAS TECH, with 12.1% market share. In second place, with 7.6%, is Alliance Credit Union, having originated $105,260,000 in loans. In third place, with 5.4%, is ARK-LA-TEX FINANCIAL SERVICES, LLC., having originated $74,905,000 in loans. In fourth place, with 5.2%, is City Bank, having originated $71,760,000 in loans. In fifth place, with 3.8%, is T2 FINANCIAL LLC, having originated $53,010,000 in loans.
LUBBOCK, TX Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 79235 | Lubbock, TX HUD Metro FMR Area | $610 | $700 | $860 | $1,220 | $1,460 |
| 79243 | Lubbock, TX HUD Metro FMR Area | $610 | $700 | $860 | $1,220 | $1,460 |
| 79250 | Lubbock, TX HUD Metro FMR Area | $610 | $700 | $860 | $1,220 | $1,460 |
| 79311 | Lubbock, TX HUD Metro FMR Area | $610 | $700 | $860 | $1,220 | $1,460 |
| 79313 | Lubbock, TX HUD Metro FMR Area | $730 | $840 | $1,020 | $1,430 | $1,680 |
| 79322 | Lubbock, TX HUD Metro FMR Area | $610 | $700 | $860 | $1,220 | $1,460 |
| 79329 | Lubbock, TX HUD Metro FMR Area | $610 | $710 | $860 | $1,220 | $1,460 |
| 79343 | Lubbock, TX HUD Metro FMR Area | $610 | $700 | $860 | $1,220 | $1,460 |
| 79350 | Lubbock, TX HUD Metro FMR Area | $610 | $700 | $860 | $1,220 | $1,460 |
| 79356 | Lubbock, TX HUD Metro FMR Area | $610 | $700 | $860 | $1,220 | $1,460 |
| 79357 | Lubbock, TX HUD Metro FMR Area | $610 | $700 | $860 | $1,220 | $1,460 |
| 79358 | Lubbock, TX HUD Metro FMR Area | $610 | $710 | $860 | $1,220 | $1,460 |
| 79363 | Lubbock, TX HUD Metro FMR Area | $650 | $750 | $910 | $1,270 | $1,500 |
| 79364 | Lubbock, TX HUD Metro FMR Area | $610 | $700 | $860 | $1,220 | $1,460 |
| 79366 | Lubbock, TX HUD Metro FMR Area | $850 | $980 | $1,190 | $1,670 | $1,960 |
| 79370 | Lubbock, TX HUD Metro FMR Area | $610 | $700 | $860 | $1,220 | $1,460 |
| 79381 | Lubbock, TX HUD Metro FMR Area | $610 | $700 | $860 | $1,220 | $1,460 |
| 79382 | Lubbock, TX HUD Metro FMR Area | $780 | $900 | $1,090 | $1,530 | $1,790 |
| 79401 | Lubbock, TX HUD Metro FMR Area | $780 | $900 | $1,090 | $1,530 | $1,790 |
| 79402 | Lubbock, TX HUD Metro FMR Area | $730 | $840 | $1,020 | $1,430 | $1,680 |
| 79403 | Lubbock, TX HUD Metro FMR Area | $650 | $750 | $910 | $1,270 | $1,500 |
| 79404 | Lubbock, TX HUD Metro FMR Area | $610 | $700 | $860 | $1,220 | $1,460 |
| 79406 | Lubbock, TX HUD Metro FMR Area | $730 | $840 | $1,020 | $1,430 | $1,680 |
| 79407 | Lubbock, TX HUD Metro FMR Area | $680 | $780 | $950 | $1,330 | $1,560 |
| 79408 | Lubbock, TX HUD Metro FMR Area | $730 | $840 | $1,020 | $1,430 | $1,680 |
| 79409 | Lubbock, TX HUD Metro FMR Area | $730 | $840 | $1,020 | $1,430 | $1,680 |
| 79410 | Lubbock, TX HUD Metro FMR Area | $890 | $1,020 | $1,240 | $1,740 | $2,040 |
| 79411 | Lubbock, TX HUD Metro FMR Area | $700 | $810 | $980 | $1,370 | $1,610 |
| 79412 | Lubbock, TX HUD Metro FMR Area | $660 | $760 | $920 | $1,290 | $1,510 |
| 79413 | Lubbock, TX HUD Metro FMR Area | $850 | $980 | $1,190 | $1,670 | $1,960 |
| 79414 | Lubbock, TX HUD Metro FMR Area | $720 | $830 | $1,010 | $1,410 | $1,660 |
| 79415 | Lubbock, TX HUD Metro FMR Area | $670 | $770 | $940 | $1,320 | $1,550 |
| 79416 | Lubbock, TX HUD Metro FMR Area | $840 | $960 | $1,170 | $1,640 | $1,920 |
| 79423 | Lubbock, TX HUD Metro FMR Area | $790 | $910 | $1,110 | $1,550 | $1,820 |
| 79424 | Lubbock, TX HUD Metro FMR Area | $740 | $850 | $1,030 | $1,440 | $1,690 |
| 79430 | Lubbock, TX HUD Metro FMR Area | $730 | $840 | $1,020 | $1,430 | $1,680 |
| 79452 | Lubbock, TX HUD Metro FMR Area | $730 | $840 | $1,020 | $1,430 | $1,680 |
| 79453 | Lubbock, TX HUD Metro FMR Area | $730 | $840 | $1,020 | $1,430 | $1,680 |
| 79464 | Lubbock, TX HUD Metro FMR Area | $730 | $840 | $1,020 | $1,430 | $1,680 |
| 79490 | Lubbock, TX HUD Metro FMR Area | $730 | $840 | $1,020 | $1,430 | $1,680 |
| 79493 | Lubbock, TX HUD Metro FMR Area | $730 | $840 | $1,020 | $1,430 | $1,680 |
| 79499 | Lubbock, TX HUD Metro FMR Area | $730 | $840 | $1,020 | $1,430 | $1,680 |
2022 Average & Median Rent Data Statistics
LUBBOCK, TX average 1BR rent: $799, median: $820
LUBBOCK, TX average 2BR rent: $973, median: $995
LUBBOCK, TX average 3BR rent: $1,369, median: $1,390
LUBBOCK, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 4,793 | $1,157,925,000 | $241,587 |
| Cash Out Refi | 365 | $85,915,000 | $235,384 |
| Refi | 259 | $96,965,000 | $374,382 |
| Other | 209 | $20,565,000 | $98,397 |
| Home Improvement | 109 | $20,065,000 | $184,083 |
| NA | 3 | $595,000 | $198,333 |
Lubbock's most frequently cited loan purpose was Home Purchase, with 4,793 originations. The 2nd most popular reason was Cash Out Refi, with 365 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 2,224 | $541,790,000 | $243,611 |
| 7-8% | 1,402 | $317,830,000 | $226,698 |
| 5-6% | 1,011 | $258,465,000 | $255,653 |
| Over 8% | 687 | $130,725,000 | $190,284 |
| 4-5% | 45 | $11,685,000 | $259,667 |
| <2.5% | 41 | $5,595,000 | $136,463 |
| 2.5-3% | 12 | $1,010,000 | $84,167 |
| 3-4% | 7 | $1,765,000 | $252,143 |
During 2023, Lubbock's most frequently originated rate bucket was 6-7%, with 2,224 originations.
Loan Sizing (LUBBOCK, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 2,249 | $345,135,000 | $153,462 |
| $200k-400k | 2,244 | $606,260,000 | $270,169 |
| $100,000 or less | 745 | $48,055,000 | $64,503 |
| $400k-600k | 332 | $157,890,000 | $475,572 |
| $600k-1000k | 117 | $84,155,000 | $719,274 |
| $Over $1MM | 51 | $140,535,000 | $2,755,588 |
LUBBOCK's loan sizing saw the bucket of loans from $100k-200k with 2,249 originations, totaling $345,135,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 3,072 | $761,390,000 | $247,848 |
| 60-80% | 1,425 | $349,245,000 | $245,084 |
| 40-60% | 399 | $81,205,000 | $203,521 |
| 20-40% | 251 | $33,375,000 | $132,968 |
| Under 20% | 203 | $10,185,000 | $50,172 |
| Over 100% | 71 | $32,035,000 | $451,197 |
LUBBOCK's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,072 originations, totaling $761,390,000 in origination value.