MIDLAND Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Midland 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
6.75% and
one month ago for the week of 2025-05-29, the
average rate was 6.97%.
Midland's average rate one year ago was 6.74%.
For refis of the same type during the week of 2025-07-03, the average rate
was 6.77%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Midland 30 Year Fixed Rate | 2025-07-03 | 6.55% |
| Midland 30 Year Fixed Rate Refi | 2025-07-03 | 6.77% |
| Midland 15 Year Fixed Rate | 2025-07-03 | 6.11% |
| Midland 15 Year Fixed Rate Refi | 2025-07-03 | 6% |
| Midland 30 Year FHA | 2025-07-03 | 0.17% |
| Midland 30 Year FHA Refi | 2025-07-03 | -0.2% |
| Midland 30 Year USDA | 2025-07-03 | -0.2% |
| Midland 30 Year USDA Refi | 2025-07-03 | 0% |
| Midland 30 Year VA | 2025-07-03 | 0.27% |
| Midland 30 Year VA Refi | 2025-07-03 | -0.2% |
MIDLAND 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 MIDLAND, 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.).
MIDLAND Average Closing Costs & Other Stats
MIDLAND, TX's 167 lenders originated 3,941
loans during 2024. The total origination value was $1,297,685,000, with an average loan value of
$329,278.
MIDLAND's average closing costs are $7,299.
The top MIDLAND lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with
163 loans originated. Their average total fees are
$10,201, which is $3,074
higher than the next largest lender,
LRS FINANCIAL NETWORK, INC..
The lowest fee MIDLAND lenders (with over 10 loans originated) are
GUARANTEED RATE AFFINITY, LLC ($2,026), CHEVRON ($2,713), DIRECTIONS EQUITY, LLC ($3,729), U.S. Bank ($4,248) and DHI MORTGAGE COMPANY, LTD. ($4,531).
The lowest rate MIDLAND lenders (with over 10 loans originated) are
Frost Bank (5.87%), DHI MORTGAGE COMPANY, LTD. (5.90%), MTCU (5.91%), PREMIA MORTGAGE, LLC (6.34%) and DIRECTIONS EQUITY, LLC (6.36%).
MIDLAND, 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 |
|---|---|---|---|---|
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $91,020,000 | $121,790,000 | 33.8% | 9.4% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $35,150,000 | $77,820,000 | 121.4% | 6.0% |
| DHI MORTGAGE COMPANY, LTD. | $65,815,000 | $76,800,000 | 16.7% | 5.9% |
| LRS FINANCIAL NETWORK, INC. | $62,490,000 | $61,150,000 | -2.1% | 4.7% |
| QUICKEN LOANS, LLC | $36,380,000 | $54,325,000 | 49.3% | 4.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $29,075,000 | $48,515,000 | 66.9% | 3.7% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $33,400,000 | $37,050,000 | 10.9% | 2.9% |
| HOMESIDE FINANCIAL, LLC | $295,000 | $36,745,000 | 12,355.9% | 2.8% |
| GREYSTONE SERVICING COMPANY LLC | $55,145,000 | $36,325,000 | -34.1% | 2.8% |
| 21ST MORTGAGE CORPORATION | $23,005,000 | $34,320,000 | 49.2% | 2.6% |
| Community National Bank | $33,300,000 | $27,800,000 | -16.5% | 2.1% |
| CBRE MULTIFAMILY CAPITAL, INC. | $21,175,000 | $27,220,000 | 28.5% | 2.1% |
| JPMorgan Chase Bank | $12,285,000 | $26,230,000 | 113.5% | 2.0% |
| EVERETT FINANCIAL, INC. | $54,650,000 | $24,425,000 | -55.3% | 1.9% |
| Frost Bank | $6,280,000 | $20,675,000 | 229.2% | 1.6% |
| GUARANTEED RATE, INC. | $18,190,000 | $20,240,000 | 11.3% | 1.6% |
| Wells Fargo Bank | $9,990,000 | $20,130,000 | 101.5% | 1.6% |
| Prosperity Bank | $24,110,000 | $17,670,000 | -26.7% | 1.4% |
| DIRECTIONS EQUITY, LLC | $15,700,000 | $17,555,000 | 11.8% | 1.4% |
| CARDINAL FINANCIAL | $10,015,000 | $16,465,000 | 64.4% | 1.3% |
| CHEVRON | $12,860,000 | $15,560,000 | 21.0% | 1.2% |
| SECURITYNATIONAL MORTGAGE COMPANY | $14,345,000 | $13,700,000 | -4.5% | 1.1% |
| City Bank | $10,265,000 | $13,375,000 | 30.3% | 1.0% |
| FREEDOM MORTGAGE CORPORATION | $1,490,000 | $12,850,000 | 762.4% | 1.0% |
| SFMC, LP | $11,640,000 | $12,730,000 | 9.4% | 1.0% |
| FLAT BRANCH MORTGAGE, INC. | $6,075,000 | $12,605,000 | 107.5% | 1.0% |
| Mortgage Research Center, LLC | $10,050,000 | $12,355,000 | 22.9% | 1.0% |
| PREMIA MORTGAGE, LLC | $10,600,000 | $10,625,000 | 0.2% | 0.8% |
| NATIONS RELIABLE LENDING, LLC | $13,670,000 | $10,420,000 | -23.8% | 0.8% |
| WALKER & DUNLOP, LLC | $9,255,000 | n/a | 0.7% | |
| GUARANTEED RATE AFFINITY, LLC | $12,125,000 | $9,095,000 | -25.0% | 0.7% |
| MTCU | $8,480,000 | n/a | 0.7% | |
| T2 FINANCIAL LLC | $12,990,000 | $6,975,000 | -46.3% | 0.5% |
| LOANDEPOT.COM, LLC | $6,535,000 | $6,700,000 | 2.5% | 0.5% |
| Bank of America | $7,500,000 | $6,280,000 | -16.3% | 0.5% |
| Nations Lending Corporation | $8,570,000 | $6,165,000 | -28.1% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $7,800,000 | $5,905,000 | -24.3% | 0.5% |
| Complex Community Federal Credit Union | $10,770,000 | $5,900,000 | -45.2% | 0.5% |
| Waterstone Mortgage Corporation | $3,135,000 | $5,845,000 | 86.4% | 0.5% |
| THE MORTGAGE LINK, INC. | $5,695,000 | n/a | 0.4% | |
| Pinnacle Bank | $5,505,000 | n/a | 0.4% | |
| PENNYMAC LOAN SERVICES, LLC | $7,200,000 | $5,430,000 | -24.6% | 0.4% |
| LENDINGHOME FUNDING CORPORATION | $530,000 | $5,175,000 | 876.4% | 0.4% |
| American National Bank & Trust | $1,325,000 | $5,110,000 | 285.7% | 0.4% |
| Flagstar Bank, FSB | $2,830,000 | $5,080,000 | 79.5% | 0.4% |
| American Momentum Bank | $2,945,000 | $4,980,000 | 69.1% | 0.4% |
| VILLAGE CAPITAL MORTGAGE | $4,865,000 | n/a | 0.4% | |
| Mr. Cooper ( Nationstar Mortgage ) | $4,755,000 | $4,780,000 | 0.5% | 0.4% |
| TRIAD FINANCIAL SERVICES, INC. | $3,705,000 | $4,450,000 | 20.1% | 0.3% |
| USAA Federal Savings Bank | $2,370,000 | $4,390,000 | 85.2% | 0.3% |
| Century Mortgage Company DBA Century Lending Company | $1,270,000 | $4,225,000 | 232.7% | 0.3% |
| BROKER SOLUTIONS, INC. | $4,140,000 | $4,215,000 | 1.8% | 0.3% |
| GENEVA FINANCIAL, LLC | $2,255,000 | $4,135,000 | 83.4% | 0.3% |
| DEEPHAVEN MORTGAGE LLC | $605,000 | $3,935,000 | 550.4% | 0.3% |
| CMG MORTGAGE, INC. | $4,150,000 | $3,910,000 | -5.8% | 0.3% |
| U.S. Bank | $5,715,000 | $3,840,000 | -32.8% | 0.3% |
| First Financial Bank | $1,885,000 | $3,820,000 | 102.7% | 0.3% |
| Gateway First Bank | $6,675,000 | $3,750,000 | -43.8% | 0.3% |
| HOMEXPRESS MORTGAGE CORP. | $3,675,000 | $3,725,000 | 1.4% | 0.3% |
| Arbor Realty Trust, Inc. | $3,715,000 | n/a | 0.3% | |
| MORTGAGE FINANCIAL SERVICES, LLC | $2,595,000 | $3,640,000 | 40.3% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $2,625,000 | $3,605,000 | 37.3% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $925,000 | $3,415,000 | 269.2% | 0.3% |
| West Texas National Bank | $3,860,000 | $3,360,000 | -13.0% | 0.3% |
| OCMBC, INC. | $1,710,000 | $3,225,000 | 88.6% | 0.2% |
| ZILLOW HOME LOANS, LLC | $595,000 | $3,190,000 | 436.1% | 0.2% |
| GUILD MORTGAGE COMPANY | $3,935,000 | $3,120,000 | -20.7% | 0.2% |
| Charles Schwab Bank, SSB | $1,365,000 | $2,970,000 | 117.6% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $355,000 | $2,900,000 | 716.9% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $425,000 | $2,850,000 | 570.6% | 0.2% |
| NEWREZ LLC | $1,800,000 | $2,695,000 | 49.7% | 0.2% |
| PLANET HOME LENDING, LLC | $2,610,000 | n/a | 0.2% | |
| UBS Bank USA | $955,000 | $2,495,000 | 161.3% | 0.2% |
| AmeriHome Mortgage Company, LLC | $695,000 | $2,475,000 | 256.1% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $4,775,000 | $2,460,000 | -48.5% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $460,000 | $2,450,000 | 432.6% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $2,565,000 | $2,435,000 | -5.1% | 0.2% |
| Network Funding, L.P. | $420,000 | $2,410,000 | 473.8% | 0.2% |
| Encompass Lending Group, LP | $2,385,000 | n/a | 0.2% | |
| SUN WEST MORTGAGE COMPANY, INC. | $335,000 | $2,290,000 | 583.6% | 0.2% |
| SIRVA MORTGAGE, INC. | $1,400,000 | $2,275,000 | 62.5% | 0.2% |
| RBC Bank, (Georgia) | $185,000 | $2,255,000 | 1,118.9% | 0.2% |
| Morgan Stanley Private Bank | $1,665,000 | $2,225,000 | 33.6% | 0.2% |
| Equity Prime Mortgage LLC | $450,000 | $2,155,000 | 378.9% | 0.2% |
| NBKC BANK | $2,465,000 | $2,125,000 | -13.8% | 0.2% |
| Truist | $2,445,000 | $2,100,000 | -14.1% | 0.2% |
| NEXERA HOLDING LLC | $2,070,000 | n/a | 0.2% | |
| Plains Commerce Bank | $1,490,000 | $1,975,000 | 32.6% | 0.2% |
| First United Bank and Trust Company | $345,000 | $1,870,000 | 442.0% | 0.1% |
| MORTGAGE ACCESS CORP. | $760,000 | $1,850,000 | 143.4% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $405,000 | $1,785,000 | 340.7% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $495,000 | $1,690,000 | 241.4% | 0.1% |
| CANOPY MORTGAGE, LLC | $295,000 | $1,615,000 | 447.5% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $4,575,000 | $1,610,000 | -64.8% | 0.1% |
| Sunflower Bank | $1,135,000 | $1,535,000 | 35.2% | 0.1% |
| NexBank | $1,495,000 | n/a | 0.1% | |
| Truity Federal Credit Union | $2,955,000 | $1,480,000 | -49.9% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $3,780,000 | $1,465,000 | -61.2% | 0.1% |
| The Loan Store, Inc. | $95,000 | $1,460,000 | 1,436.8% | 0.1% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $1,450,000 | n/a | 0.1% | |
| PNC Bank | $2,740,000 | $1,435,000 | -47.6% | 0.1% |
| Ixonia Bank | $565,000 | $1,425,000 | 152.2% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,185,000 | $1,365,000 | -37.5% | 0.1% |
| First National Bank Texas | $355,000 | $1,325,000 | 273.2% | 0.1% |
| S1L, Inc. | $245,000 | $1,320,000 | 438.8% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $3,300,000 | $1,315,000 | -60.2% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $5,020,000 | $1,305,000 | -74.0% | 0.1% |
| FBC MORTGAGE, LLC | $1,280,000 | n/a | 0.1% | |
| NP, Inc. | $1,275,000 | n/a | 0.1% | |
| TEXAS TECH | $2,825,000 | $1,225,000 | -56.6% | 0.1% |
| Carrington Mortgage Services, LLC | $165,000 | $1,220,000 | 639.4% | 0.1% |
| INTELLILOAN, INC. | $1,220,000 | n/a | 0.1% | |
| Citibank | $1,625,000 | $1,210,000 | -25.5% | 0.1% |
| CSL Financial, LLC | $680,000 | $1,210,000 | 77.9% | 0.1% |
| BETTER MORTGAGE CORPORATION | $265,000 | $1,190,000 | 349.1% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $2,425,000 | $1,185,000 | -51.1% | 0.1% |
| DAS Acquisition Company, LLC | $1,460,000 | $1,115,000 | -23.6% | 0.1% |
| First Federal Bank | $575,000 | $1,105,000 | 92.2% | 0.1% |
| The Northern Trust Company | $1,090,000 | n/a | 0.1% | |
| Credit Union of Texas | $315,000 | $1,080,000 | 242.9% | 0.1% |
| AAXY L.L.C. | $1,075,000 | n/a | 0.1% | |
| Independent Bank | $295,000 | $1,045,000 | 254.2% | 0.1% |
| SeaTrust Mortgage Company | $305,000 | $1,045,000 | 242.6% | 0.1% |
| Firstar Bank | $1,035,000 | n/a | 0.1% | |
| Florida Capital Bank | $1,035,000 | n/a | 0.1% | |
| WILLOW BEND MORTGAGE COMPANY, LLC | $435,000 | $1,030,000 | 136.8% | 0.1% |
| Extraco Banks | $1,010,000 | n/a | 0.1% | |
| The Huntington National Bank | $380,000 | $1,005,000 | 164.5% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $450,000 | $980,000 | 117.8% | 0.1% |
| BancFirst | $660,000 | $965,000 | 46.2% | 0.1% |
| CERTIFIED FUNDING, L.P. | $75,000 | $965,000 | 1,186.7% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $1,000,000 | $965,000 | -3.5% | 0.1% |
| Texana Bank | $950,000 | n/a | 0.1% | |
| Southwest Bank | $8,055,000 | $910,000 | -88.7% | 0.1% |
| Lakeview Community Capital, LLC | $895,000 | n/a | 0.1% | |
| AMERITRUST MORTGAGE CORPORATION | $885,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $2,440,000 | $840,000 | -65.6% | 0.1% |
| Bank of England | $1,235,000 | $840,000 | -32.0% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $240,000 | $840,000 | 250.0% | 0.1% |
| Home Mortgage Alliance Corp | $825,000 | n/a | 0.1% | |
| FIRST COLONY MORTGAGE CORPORATION | $810,000 | n/a | 0.1% | |
| INTERLINC MORTGAGE SERVICES, LLC | $1,605,000 | $795,000 | -50.5% | 0.1% |
| First Option Mortgage, LLC | $775,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $860,000 | $760,000 | -11.6% | 0.1% |
| SOUTHWEST FUNDING, LP | $755,000 | n/a | 0.1% | |
| American Bank of Oklahoma | $745,000 | n/a | 0.1% | |
| RANDOLPH-BROOKS | $165,000 | $730,000 | 342.4% | 0.1% |
| Prosperity Home Mortgage, LLC | $720,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,480,000 | $715,000 | -51.7% | 0.1% |
| GREENSTATE CREDIT UNION | $715,000 | n/a | 0.1% | |
| Flanagan State Bank | $680,000 | n/a | 0.1% | |
| SILVER HILL FUNDING, LLC | $675,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $950,000 | $655,000 | -31.1% | 0.1% |
| JMAC LENDING, INC. | $1,095,000 | $635,000 | -42.0% | 0.0% |
| SWBC MORTGAGE CORPORATION | $2,055,000 | $615,000 | -70.1% | 0.0% |
| UNION HOME MORTGAGE CORP. | $850,000 | $590,000 | -30.6% | 0.0% |
| Discover Bank | $740,000 | $580,000 | -21.6% | 0.0% |
| FIRST COMMUNITY CREDIT UNION | $395,000 | $575,000 | 45.6% | 0.0% |
| HOMETRUST MORTGAGE COMPANY | $1,035,000 | $575,000 | -44.4% | 0.0% |
| COMMUNITY MORTGAGE FUNDING, LLC | $570,000 | $570,000 | 0.0% | 0.0% |
| BOKF | $565,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $1,565,000 | $535,000 | -65.8% | 0.0% |
| VALOR BANK | $535,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $530,000 | n/a | 0.0% | |
| BMO Harris Bank | $285,000 | $525,000 | 84.2% | 0.0% |
| Centennial Bank | $365,000 | $520,000 | 42.5% | 0.0% |
| BancorpSouth | $700,000 | $510,000 | -27.1% | 0.0% |
| Pinnacle Bank | $505,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL NETWORK, INC. | $215,000 | $500,000 | 132.6% | 0.0% |
| Alliance Credit Union | $680,000 | $495,000 | -27.2% | 0.0% |
| Austin Bank, Texas | $495,000 | n/a | 0.0% | |
| CLM MORTGAGE, INC | $325,000 | $495,000 | 52.3% | 0.0% |
| Guaranty Bank & Trust, N.A. | $495,000 | n/a | 0.0% | |
| General Mortgage Capital Corporation | $565,000 | $490,000 | -13.3% | 0.0% |
| LOANPAL, LLC | $940,000 | $490,000 | -47.9% | 0.0% |
| First Horizon Bank | $485,000 | n/a | 0.0% | |
| Northpointe Bank | $475,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $1,130,000 | $470,000 | -58.4% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $1,680,000 | $465,000 | -72.3% | 0.0% |
| Amarillo National Bank | $135,000 | $460,000 | 240.7% | 0.0% |
| Herring Bank | $455,000 | n/a | 0.0% | |
| Leaders Credit Union | $445,000 | n/a | 0.0% | |
| Residential Acceptance Corporation | $440,000 | n/a | 0.0% | |
| Strong Home Mortgage, LLC | $445,000 | $435,000 | -2.2% | 0.0% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $430,000 | n/a | 0.0% | |
| RF Renovo Management Company, LLC | $1,390,000 | $430,000 | -69.1% | 0.0% |
| MICHIGAN MUTUAL, INC. | $1,975,000 | $405,000 | -79.5% | 0.0% |
| AXIA FINANCIAL, LLC | $725,000 | $395,000 | -45.5% | 0.0% |
| FIRST TECHNOLOGY | $395,000 | n/a | 0.0% | |
| GECU | $35,000 | $395,000 | 1,028.6% | 0.0% |
| V.I.P. MORTGAGE, INC. | $215,000 | $395,000 | 83.7% | 0.0% |
| Affiliated Bank | $385,000 | n/a | 0.0% | |
| Alcova Mortgage LLC | $515,000 | $385,000 | -25.2% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $385,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $315,000 | $385,000 | 22.2% | 0.0% |
| GMFS LLC | $385,000 | n/a | 0.0% | |
| ADVANCIAL | $380,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $255,000 | $375,000 | 47.1% | 0.0% |
| TOWN AND COUNTRY Credit Union | $375,000 | n/a | 0.0% | |
| GEO-CORP, INC. | $365,000 | n/a | 0.0% | |
| NEW FED MORTGAGE, CORP. | $355,000 | n/a | 0.0% | |
| GoPrime Mortgage, Inc. | $345,000 | n/a | 0.0% | |
| Veritex Community Bank | $335,000 | n/a | 0.0% | |
| Advisors Mortgage Group, L.L.C. | $325,000 | n/a | 0.0% | |
| HSBC BANK USA, NATIONAL ASSOCIATION | $425,000 | $325,000 | -23.5% | 0.0% |
| VERITAS FUNDING, LLC | $325,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $175,000 | $315,000 | 80.0% | 0.0% |
| RCB Bank | $315,000 | n/a | 0.0% | |
| SCHLUMBERGER EMPLOYEES CREDIT UNION | $760,000 | $315,000 | -58.6% | 0.0% |
| Ally Bank | $640,000 | $305,000 | -52.3% | 0.0% |
| First Community Bank | $305,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $305,000 | n/a | 0.0% | |
| First Federal Bank, A FSB | $305,000 | n/a | 0.0% | |
| US MORTGAGE CORPORATION | $305,000 | n/a | 0.0% | |
| Victorian Finance, LLC | $650,000 | $305,000 | -53.1% | 0.0% |
| Vista Bank | $305,000 | n/a | 0.0% | |
| Logan Finance Corporation | $285,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $1,275,000 | $275,000 | -78.4% | 0.0% |
| Republic State Mortgage Co. | $275,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $115,000 | $270,000 | 134.8% | 0.0% |
| AMERICAN FINANCING CORPORATION | $995,000 | $265,000 | -73.4% | 0.0% |
| Regions Bank | $265,000 | n/a | 0.0% | |
| Vellum Mortgage, Inc. | $265,000 | n/a | 0.0% | |
| ARC HOME LLC | $465,000 | $255,000 | -45.2% | 0.0% |
| Citizens State Bank | $315,000 | $255,000 | -19.0% | 0.0% |
| The Bank & Trust | $335,000 | $255,000 | -23.9% | 0.0% |
| The Federal Savings Bank | $355,000 | $255,000 | -28.2% | 0.0% |
| American Airlines Federal Credit Union | $980,000 | $245,000 | -75.0% | 0.0% |
| OAKTREE FUNDING CORP. | $725,000 | $245,000 | -66.2% | 0.0% |
| GARDNER FINANCIAL SERVICES, LTD. | $315,000 | $235,000 | -25.4% | 0.0% |
| HomePromise Corporation | $235,000 | n/a | 0.0% | |
| Metro City Bank | $235,000 | n/a | 0.0% | |
| MLD MORTGAGE INC. | $235,000 | n/a | 0.0% | |
| Old National Bank | $235,000 | n/a | 0.0% | |
| UBank | $175,000 | $225,000 | 28.6% | 0.0% |
| BM Real Estate Services, Inc. | $215,000 | n/a | 0.0% | |
| NATIONS DIRECT MORTGAGE, LLC | $340,000 | $215,000 | -36.8% | 0.0% |
| NEW WAVE LENDING GROUP INC | $570,000 | $205,000 | -64.0% | 0.0% |
| North American Savings Bank, F.S.B. | $445,000 | $205,000 | -53.9% | 0.0% |
| STANDARD MORTGAGE CORPORATION | $205,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $205,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $195,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $65,000 | $190,000 | 192.3% | 0.0% |
| LEGEND LENDING CORPORATION | $185,000 | n/a | 0.0% | |
| MidFirst Bank | $175,000 | n/a | 0.0% | |
| UNIVERSITY Federal Credit Union | $175,000 | n/a | 0.0% | |
| CIS Financial Services, Inc. | $155,000 | n/a | 0.0% | |
| ENVOY MORTGAGE, LTD | $155,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $1,875,000 | $145,000 | -92.3% | 0.0% |
| First National Bank of America | $195,000 | $145,000 | -25.6% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $145,000 | n/a | 0.0% | |
| FirstBank | $125,000 | $135,000 | 8.0% | 0.0% |
| GREATER TEXAS FEDERAL CREDIT UNION | $240,000 | $125,000 | -47.9% | 0.0% |
| GSF Mortgage Corporation | $105,000 | n/a | 0.0% | |
| Goldwater Bank, N.A. | $95,000 | n/a | 0.0% | |
| SECURITY SERVICE | $810,000 | $90,000 | -88.9% | 0.0% |
| DATCU | $75,000 | n/a | 0.0% | |
| EECU | $105,000 | $75,000 | -28.6% | 0.0% |
| AMWEST FUNDING CORP. | $235,000 | $45,000 | -80.9% | 0.0% |
| GULF COAST EDUCATORS FEDERAL CREDIT UNION | $45,000 | n/a | 0.0% | |
| United Texas Credit Union | $45,000 | n/a | 0.0% | |
| Zions Bank | $660,000 | $45,000 | -93.2% | 0.0% |
| 1ST COMMUNITY FEDERAL CREDIT UNION | $25,000 | n/a | 0.0% |
MIDLAND's top lender by overall market share is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 9.4% market share. In second place, with 6.0%, is HIGHLANDS RESIDENTIAL MORTGAGE, LTD., having originated $77,820,000 in loans. In third place, with 5.9%, is DHI MORTGAGE COMPANY, LTD., having originated $76,800,000 in loans. In fourth place, with 4.7%, is LRS FINANCIAL NETWORK, INC., having originated $61,150,000 in loans. In fifth place, with 4.2%, is QUICKEN LOANS, LLC, having originated $54,325,000 in loans.
MIDLAND, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,351 | $1,056,075,000 | $315,152 |
| Refi | 218 | $168,770,000 | $774,174 |
| Cash Out Refi | 209 | $44,925,000 | $214,952 |
| Other | 93 | $14,345,000 | $154,247 |
| Home Improvement | 69 | $13,425,000 | $194,565 |
| NA | 1 | $145,000 | $145,000 |
Midland's most frequently cited loan purpose was Home Purchase, with 3,351 originations. The 2nd most popular reason was Refi, with 218 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,726 | $587,960,000 | $340,649 |
| 7-8% | 828 | $248,470,000 | $300,085 |
| Over 8% | 503 | $92,485,000 | $183,867 |
| 5-6% | 498 | $265,660,000 | $533,454 |
| 4-5% | 105 | $39,485,000 | $376,048 |
| <2.5% | 88 | $1,180,000 | $13,409 |
| 3-4% | 35 | $11,005,000 | $314,429 |
| 2.5-3% | 3 | $655,000 | $218,333 |
During 2024, Midland's most frequently originated rate bucket was 6-7%, with 1,726 originations.
Loan Sizing (MIDLAND, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,186 | $635,590,000 | $290,755 |
| $100k-200k | 631 | $96,995,000 | $153,716 |
| $400k-600k | 568 | $268,000,000 | $471,831 |
| $100,000 or less | 330 | $16,210,000 | $49,121 |
| $600k-1000k | 178 | $128,080,000 | $719,551 |
| $Over $1MM | 48 | $152,810,000 | $3,183,542 |
MIDLAND's loan sizing saw the bucket of loans from $200k-400k with 2,186 originations, totaling $635,590,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,496 | $784,920,000 | $314,471 |
| 60-80% | 665 | $263,315,000 | $395,962 |
| 40-60% | 194 | $121,030,000 | $623,866 |
| Under 20% | 192 | $7,590,000 | $39,531 |
| 20-40% | 126 | $34,470,000 | $273,571 |
| Over 100% | 52 | $17,810,000 | $342,500 |
MIDLAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,496 originations, totaling $784,920,000 in origination value.