MIDLAND Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Midland averaged 6.94% for the week of 2023-11-30, compared to the national average of 7.22% for the same period.

The average rate for the prior week (2023-11-22) was 6.91% and one month ago for the week of 2023-10-26, the average rate was 7.71%.

Midland's average rate one year ago was 6.2%.

For refis of the same type during the week of 2023-11-30, the average rate was 6.07%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-11-30 7.22%
Midland 30 Year Fixed Rate 2023-11-30 6.94%
Midland 30 Year Fixed Rate Refi 2023-11-30 6.07%
Midland 15 Year Fixed Rate 2023-11-30 6.43%
Midland 15 Year Fixed Rate Refi 2023-11-30 6.66%
Midland 30 Year FHA 2023-11-30 6.77%
Midland 30 Year FHA Refi 2023-11-30 6.85%
Midland 30 Year USDA 2023-11-30 6.8%
Midland 30 Year USDA Refi 2023-11-30 7.2%
Midland 30 Year VA 2023-11-30 6.26%
Midland 30 Year VA Refi 2023-11-30 6.77%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MIDLAND, TX.

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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
LRS FINANCIAL NETWORK, INC. 205 4.98% $6,252
ARK-LA-TEX FINANCIAL SERVICES, LLC. 164 5.26% $5,987
PRIMELENDING, A PLAINSCAPITAL COMPANY 157 5.17% $7,694
DHI MORTGAGE COMPANY, LTD. 118 4.40% $5,381
QUICKEN LOANS, LLC 118 4.96% $7,237
EVERETT FINANCIAL, INC. 82 5.49% $3,852
Wells Fargo Bank 67 4.38% $5,924
First Bank & Trust 50 5.11% $8,781
JPMorgan Chase Bank 46 4.40% $4,803
CHEVRON 43 3.97% $2,938
SECURITYNATIONAL MORTGAGE COMPANY 42 5.33% $8,622
PREMIA MORTGAGE, LLC 32 4.87% $2,326
Prosperity Bank 32 4.89% $4,908
UNITED WHOLESALE MORTGAGE, LLC 29 5.21% $7,855
LOANDEPOT.COM, LLC 28 5.00% $7,206
Gateway First Bank 28 4.86% $8,213
Mr. Cooper ( Nationstar Mortgage ) 28 4.61% $8,069
Southwest Bank 23 4.89% $6,183
U.S. Bank 21 4.61% $7,247
NATIONS RELIABLE LENDING, LLC 20 5.29% $8,711
City Bank 19 5.18% $6,993
AMCAP MORTGAGE, LTD. 18 5.42% $7,664
Bank of America 17 4.16% $3,876
GUARANTEED RATE AFFINITY, LLC 17 5.28% $2,923
CERTAINTY HOME LOANS, LLC 17 5.88% $6,094
PRIMARY RESIDENTIAL MORTGAGE, INC. 12 5.20% $6,328
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 4.63% $7,168
BETTER MORTGAGE CORPORATION 12 4.11% $5,411
SFMC, LP 11 5.65% $10,703
GUARANTEED RATE, INC. 10 5.19% $8,802
CARDINAL FINANCIAL 10 5.34% $8,647
CALIBER HOME LOANS, INC. 10 5.62% $8,189
CHURCHILL MORTGAGE CORPORATION 9 5.36% $8,788
HOME POINT FINANCIAL CORPORATION 9 4.63% $8,392
Truity Federal Credit Union 9 3.97% $3,069
LOANPAL, LLC 9 4.32% $7,204
ANGEL OAK MORTGAGE SOLUTIONS LLC 9 7.25% $12,404
Citizens Bank 9 4.54% $7,028
DIRECTIONS EQUITY, LLC 8 6.02% $4,865
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 8 6.53% $6,878
PNC Bank 8 5.05% $4,705
NEWREZ LLC 8 5.00% $8,286
21ST MORTGAGE CORPORATION 8 7.89% $7,348
MID AMERICA MORTGAGE, INC. 8 4.52% $7,246
Truist 8 4.31% $6,486
T2 FINANCIAL LLC 7 6.16% $8,818
CMG MORTGAGE, INC. 7 6.21% $10,088
BROKER SOLUTIONS, INC. 7 4.99% $7,987
PENNYMAC LOAN SERVICES, LLC 7 4.93% $7,477
NAVY FEDERAL CREDIT UNION 7 4.86% $4,574
Paramount Residential Mortgage Group, Inc. 6 4.38% $5,936
Nations Lending Corporation 6 4.75% $11,315
Morgan Stanley Private Bank 6 4.41% $6,044
GUILD MORTGAGE COMPANY 6 5.17% $6,592
AMERISAVE MORTGAGE CORPORATION 6 4.29% $8,128
TEXAS TECH 6 5.35% $5,946
First Financial Bank 6 5.83% $4,569
Network Funding, L.P. 6 4.40% $6,293
AMERICAN FINANCING CORPORATION 5 4.20% $6,952
ANGEL OAK HOME LOANS LLC 5 5.37% $7,404
FREEDOM MORTGAGE CORPORATION 5 5.30% $7,340
RBC Bank, (Georgia) 5 4.88% $3,741
FINANCE OF AMERICA MORTGAGE LLC 5 4.13% $6,165
CROSSCOUNTRY MORTGAGE, LLC 5 6.12% $14,474
JMAC LENDING, INC. 4 5.84% $10,778
CORNERSTONE HOME LENDING, INC. 4 3.91% $7,041
SIRVA MORTGAGE, INC. 4 6.19% $3,674
SOUTHWEST STAGE FUNDING, LLC 4 8.26% $10,622
American Momentum Bank 4 5.38% $4,794
KELLER MORTGAGE, LLC 4 4.78% $5,784
THRIVE MORTGAGE, LLC 4 5.09% $7,475
MORTGAGE ACCESS CORP. 4 4.75% $4,199
SWBC MORTGAGE CORPORATION 3 5.71% $4,652
Alliance Credit Union 3 4.96% $3,821
American Bank of Commerce 3 4.58% $5,302
AmeriHome Mortgage Company, LLC 3 5.04% $6,072
CITY FIRST MORTGAGE SERVICES, L.L.C. 3 5.41% $5,713
Colonial Savings, F.A. 3 4.92% $6,259
Discover Bank 3 5.41% $0
FBC MORTGAGE, LLC 3 4.25% $5,366
First Basin Credit Union 3 4.42% $5,782
FIRST COMMUNITY MORTGAGE, INC. 3 5.75% $17,893
First United Bank and Trust Company 3 4.46% $6,288
Flagstar Bank, FSB 3 4.30% $6,458
FLAT BRANCH MORTGAGE, INC. 3 5.88% $4,587
LAKEVIEW LOAN SERVICING, LLC 3 4.79% $4,309
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 5.17% $12,738
NBKC BANK 3 3.50% $3,935
Raymond James Bank 3 4.04% $7,560
The Huntington National Bank 3 4.13% $7,623
UBS Bank USA 3 4.29% $6,500
UNION HOME MORTGAGE CORP. 3 4.00% $5,505
USAA Federal Savings Bank 3 5.29% $5,195
SOVEREIGN LENDING GROUP INCORPORATED 2 4.94% $9,087
DAS Acquisition Company, LLC 2 5.38% $19,015
LOANPEOPLE, LLC 2 6.75% $10,785
PROVIDENT FUNDING ASSOCIATES, L.P. 2 4.38% $7,630
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 3.44% $7,315
Hometown Lenders, Inc. 2 4.87% $5,399
OPEN MORTGAGE, LLC 2 5.56% $7,084
Watermark Capital, Inc. 2 4.18% $8,284
BancorpSouth 2 4.50% $5,733
MORIA DEVELOPMENT, INC. 2 4.31% $7,640
American Bank of Oklahoma 2 4.19% $7,657
Town Square Mortgage & Investments, Inc. 2 4.75% $5,109
Republic State Mortgage Co. 2 3.50% $5,944
Century Mortgage Company DBA Century Lending Company 2 6.56% $9,501
Centennial Bank 2 4.31% $5,597
GREAT WESTERN FINANCIAL SERVICES, INC. 2 5.75% $6,005
WILLOW BEND MORTGAGE COMPANY, LLC 2 4.44% $8,932
Wyndham Capital Mortgage, Inc. 2 4.56% $4,672
CHERRY CREEK MORTGAGE, LLC 2 4.38% $1,769
SECURITY SERVICE 2 4.94% $5,007
First United Bank 2 4.56% $6,444
Ally Bank 2 3.88% $14,288
Zions Bank 2 4.38% $5,362
Plains Commerce Bank 2 4.37% $10,539
MORTGAGE FINANCIAL SERVICES, LLC 2 4.88% $6,686
Kwik Mortgage Corporation 2 3.88% $10,737
NEXERA HOLDING LLC 2 8.63% $10,383
INTERLINC MORTGAGE SERVICES, LLC 2 7.75% $8,288
Goldwater Bank, N.A. 2 4.25% $5,778
Deere Employees Credit Union 2 3.99% $5,740
Constant Investments, Inc. 1 5.38% $6,262
CLM MORTGAGE, INC 1 4.13% $6,799
Veritex Community Bank 1 4.63% $7,277
MOVEMENT MORTGAGE, LLC 1 4.38% $7,450
Citibank 1 4.25% $7,078
CIBC Bank USA 1 5.25% $3,702
Chickasaw Community Bank 1 5.00% $13,712
Chicago Mortgage Solutions LLC 1 3.99% $5,775
V.I.P. MORTGAGE, INC. 1 3.38% $3,143
Neighborhood Loans, Inc. 1 3.38% $5,334
Charles Schwab Bank, SSB 1 2.13% $6,812
NexBank 1 4.38% $4,546
North American Savings Bank, F.S.B. 1 7.75% $8,843
Northpointe Bank 1 8.50% $25,408
NOVA FINANCIAL & INVESTMENT CORPORATION 1 3.63% $7,797
NTFN, INC. 1 6.13% $6,031
ON Q FINANCIAL, INC. 1 5.88% $6,298
Origin Bank 1 5.00% $9,298
PENTAGON FEDERAL CREDIT UNION 1 5.25% $4,635
PILGRIM MORTGAGE LLC 1 7.37% $3,800
PLANET HOME LENDING, LLC 1 3.50% $6,032
PLAZA HOME MORTGAGE, INC. 1 7.00% $13,123
Carrington Mortgage Services, LLC 1 5.50% $8,010
CADENCE LENDING GROUP, INC. 1 6.50% $8,869
BOKF 1 5.63% $6,687
BNC National Bank 1 6.13% $5,876
BMO Harris Bank 1 5.63% $4,133
BAY EQUITY LLC 1 4.25% $4,721
RANDOLPH-BROOKS 1 5.38% $5,192
Regions Bank 1 5.50% $5,327
ROYAL UNITED MORTGAGE LLC 1 4.38% $5,952
S1L, Inc. 1 4.88% $7,274
SCHLUMBERGER EMPLOYEES CREDIT UNION 1 5.25% $2,829
Assurance Financial Group, L.L.C. 1 4.13% $10,963
SENTE MORTGAGE, INC. 1 4.88% $6,708
ASPIRE FINANCIAL, INC. 1 5.75% $5,292
Arvest Bank 1 5.13% $5,863
Armed Forces Bank 1 3.13% $4,643
SOUTHWEST FUNDING, LP 1 4.88% $7,589
Amerifirst Financial, Inc. 1 5.38% $4,928
Stifel Bank and Trust 1 2.75% $6,189
SUCCESS MORTGAGE PARTNERS, INC. 1 4.13% $9,191
1ST FINANCIAL, INC. 1 3.37% $6,539
TEXAS DOW EMPLOYEES CREDIT UNION 1 6.38% $8,558
American National Bank & Trust 1 6.75% $9,513
The Central Trust Bank 1 6.00% $5,270
The Home Loan Expert LLC 1 5.38% $5,048
A&D Mortgage LLC 1 12.25% $8,665
TRIAD FINANCIAL SERVICES, INC. 1 6.25% $11,972
Amarillo National Bank 1 4.75% $4,320
ALTRA 1 4.25% $4,039
Trustmark National Bank 1 3.25% $5,294
UNION SQUARE 1 5.63% $8,076
First Savings Bank 1 3.63% $6,786
ADVANCIAL 1 7.50% $4,500
First National Bank Texas 1 4.13% $3,930
First National Bank of America 1 9.87% $7,582
General Mortgage Capital Corporation 1 3.63% $4,424
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.38% $5,445
Great Southern Bank 1 3.88% $5,408
Great Plains National Bank 1 5.88% $9,945
First Guaranty Mortgage Corporation 1 3.25% $13,173
First Community Bank 1 5.38% $11,112
GUIDANCE RESIDENTIAL, LLC 1 3.88% $10,963
FIRST COLONY MORTGAGE CORPORATION 1 5.38% $5,350
Heritage Bank 1 5.00% $7,963
FIRST CENTENNIAL MORTGAGE CORPORATION 1 4.13% $5,092
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.50% $6,812
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 3.88% $6,353
Fifth Third Bank 1 5.13% $5,171
HOMETRUST MORTGAGE COMPANY 1 5.88% $7,904
Independent Bank 1 6.50% $6,006
INTEGRITY MORTGAGE CORPORATION OF TEXAS 1 6.50% $8,251
Evolve Bank & Trust 1 5.50% $5,608
ENDEAVOR CAPITAL, LLC. 1 5.63% $5,226
J. VIRGIL, INC. 1 3.25% $10,586
DRAPER AND KRAMER MORTGAGE CORP. 1 4.25% $11,011
KeyBank 1 3.13% $5,813
LADERA LENDING, INC. 1 3.38% $13,774
Lakeview Community Capital, LLC 1 5.50% $7,652
VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.25% $6,293
LEGEND LENDING CORPORATION 1 5.50% $6,927
LENDSURE MORTGAGE CORP. 1 7.88% $27,973
CREDIT HUMAN FEDERAL CREDIT UNION 1 6.05% $4,178
Luxury Mortgage Corp. 1 5.50% $16,700
Magnolia Bank 1 5.38% $6,608
MEMBER FIRST MORTGAGE, LLC 1 5.13% $4,427
Metro City Bank 1 5.75% $7,086
METROPLEX MORTGAGE SERVICES, INC. 1 4.25% $6,778
CONTOUR MORTGAGE CORPORATION 1 4.25% $9,451

MIDLAND Average Closing Costs & Other Stats

MIDLAND, TX's 213 lenders originated 4,424 loans during 2022. The total origination value was $1,352,900,000, with an average loan value of $305,809.

MIDLAND's average closing costs are $6,478.

The top MIDLAND lender as defined by loan originations is LRS FINANCIAL NETWORK, INC., with 205 loans originated. Their average total fees are $6,252, which is $265 higher than the next largest lender, ARK-LA-TEX FINANCIAL SERVICES, LLC..

The lowest fee MIDLAND lenders (with over 10 loans originated) are PREMIA MORTGAGE, LLC ($2,326), GUARANTEED RATE AFFINITY, LLC ($2,923), CHEVRON ($2,938), EVERETT FINANCIAL, INC. ($3,852) and Bank of America ($3,876).

The lowest rate MIDLAND lenders (with over 10 loans originated) are CHEVRON (3.97%), BETTER MORTGAGE CORPORATION (4.11%), Bank of America (4.16%), Wells Fargo Bank (4.38%) and JPMorgan Chase Bank (4.40%).

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
PRIMELENDING, A PLAINSCAPITAL COMPANY $154,550,000 $106,975,000 -30.8% 7.9%
DHI MORTGAGE COMPANY, LTD. $85,035,000 $95,295,000 12.1% 7.0%
LRS FINANCIAL NETWORK, INC. $152,840,000 $94,515,000 -38.2% 7.0%
Wells Fargo Bank $48,500,000 $76,935,000 58.6% 5.7%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $121,880,000 $75,330,000 -38.2% 5.6%
EVERETT FINANCIAL, INC. $15,370,000 $57,055,000 271.2% 4.2%
QUICKEN LOANS, LLC $120,485,000 $52,055,000 -56.8% 3.8%
Community National Bank $51,130,000 $43,790,000 -14.4% 3.2%
Gateway First Bank $38,210,000 $28,110,000 -26.4% 2.1%
First Bank & Trust $38,300,000 $25,110,000 -34.4% 1.9%
SECURITYNATIONAL MORTGAGE COMPANY $24,730,000 $24,240,000 -2.0% 1.8%
City Bank $10,885,000 $21,635,000 98.8% 1.6%
JPMorgan Chase Bank $27,455,000 $20,320,000 -26.0% 1.5%
AMCAP MORTGAGE, LTD. $30,710,000 $17,540,000 -42.9% 1.3%
CHEVRON $16,290,000 $17,415,000 6.9% 1.3%
Prosperity Bank $50,480,000 $16,220,000 -67.9% 1.2%
CERTAINTY HOME LOANS, LLC $8,735,000 $16,165,000 85.1% 1.2%
UNITED WHOLESALE MORTGAGE, LLC $16,130,000 $15,610,000 -3.2% 1.2%
PREMIA MORTGAGE, LLC $19,310,000 $15,080,000 -21.9% 1.1%
21ST MORTGAGE CORPORATION $16,120,000 $14,490,000 -10.1% 1.1%
Southwest Bank $27,600,000 $14,330,000 -48.1% 1.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $12,505,000 $14,320,000 14.5% 1.1%
Capital One $14,075,000 n/a 1.0%
NATIONS RELIABLE LENDING, LLC $14,600,000 $13,690,000 -6.2% 1.0%
FirstCapital Bank of Texas $8,880,000 $13,025,000 46.7% 1.0%
Centennial Bank $12,870,000 n/a 1.0%
Complex Community Federal Credit Union $7,960,000 $12,590,000 58.2% 0.9%
U.S. Bank $11,130,000 $12,335,000 10.8% 0.9%
West Texas National Bank $11,770,000 n/a 0.9%
Mr. Cooper ( Nationstar Mortgage ) $23,230,000 $11,720,000 -49.5% 0.9%
LOANDEPOT.COM, LLC $23,880,000 $11,295,000 -52.7% 0.8%
Frost Bank $8,770,000 $9,845,000 12.3% 0.7%
GUARANTEED RATE AFFINITY, LLC $975,000 $9,570,000 881.5% 0.7%
Bank of America $7,905,000 $9,030,000 14.2% 0.7%
Mortgage Research Center, LLC $16,595,000 $8,625,000 -48.0% 0.6%
PENNYMAC LOAN SERVICES, LLC $21,405,000 $8,600,000 -59.8% 0.6%
SFMC, LP $11,845,000 $7,195,000 -39.3% 0.5%
Truist $7,605,000 $7,120,000 -6.4% 0.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $8,250,000 $7,090,000 -14.1% 0.5%
MID AMERICA MORTGAGE, INC. $9,795,000 $7,055,000 -28.0% 0.5%
Nations Lending Corporation $8,340,000 $7,000,000 -16.1% 0.5%
FREEDOM MORTGAGE CORPORATION $51,920,000 $6,515,000 -87.5% 0.5%
CALIBER HOME LOANS, INC. $9,730,000 $6,385,000 -34.4% 0.5%
NAVY FEDERAL CREDIT UNION $2,595,000 $6,085,000 134.5% 0.4%
GUARANTEED RATE, INC. $4,180,000 $5,900,000 41.1% 0.4%
BETTER MORTGAGE CORPORATION $14,405,000 $5,630,000 -60.9% 0.4%
BROKER SOLUTIONS, INC. $4,780,000 $5,425,000 13.5% 0.4%
Flagstar Bank, FSB $5,015,000 $5,270,000 5.1% 0.4%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $1,685,000 $4,975,000 195.3% 0.4%
MORTGAGE SOLUTIONS OF COLORADO, LLC $2,115,000 $4,825,000 128.1% 0.4%
T2 FINANCIAL LLC $4,630,000 n/a 0.3%
USAA Federal Savings Bank $6,565,000 $4,585,000 -30.2% 0.3%
DIRECTIONS EQUITY, LLC $4,305,000 n/a 0.3%
Truity Federal Credit Union $5,220,000 $4,290,000 -17.8% 0.3%
CMG MORTGAGE, INC. $2,950,000 $4,285,000 45.3% 0.3%
PRIMARY RESIDENTIAL MORTGAGE, INC. $5,315,000 $4,050,000 -23.8% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $4,205,000 $3,945,000 -6.2% 0.3%
HOME POINT FINANCIAL CORPORATION $6,575,000 $3,920,000 -40.4% 0.3%
TRIAD FINANCIAL SERVICES, INC. $1,580,000 $3,680,000 132.9% 0.3%
PNC Bank $2,875,000 $3,595,000 25.0% 0.3%
CHURCHILL MORTGAGE CORPORATION $7,765,000 $3,540,000 -54.4% 0.3%
Morgan Stanley Private Bank $5,555,000 $3,515,000 -36.7% 0.3%
AMERISAVE MORTGAGE CORPORATION $11,220,000 $3,490,000 -68.9% 0.3%
TEXAS TECH $5,765,000 $3,415,000 -40.8% 0.3%
Republic State Mortgage Co. $3,430,000 $3,295,000 -3.9% 0.2%
Citizens Bank $6,150,000 $3,225,000 -47.6% 0.2%
ANGEL OAK MORTGAGE SOLUTIONS LLC $2,815,000 $3,215,000 14.2% 0.2%
SOUTHWEST STAGE FUNDING, LLC $2,730,000 $3,120,000 14.3% 0.2%
NEWREZ LLC $10,765,000 $3,080,000 -71.4% 0.2%
FINANCE OF AMERICA MORTGAGE LLC $1,425,000 $3,045,000 113.7% 0.2%
GUILD MORTGAGE COMPANY $4,250,000 $3,030,000 -28.7% 0.2%
First Financial Bank $5,580,000 $2,860,000 -48.7% 0.2%
CITY FIRST MORTGAGE SERVICES, L.L.C. $2,910,000 $2,800,000 -3.8% 0.2%
LOANPAL, LLC $8,720,000 $2,750,000 -68.5% 0.2%
FBC MORTGAGE, LLC $11,150,000 $2,350,000 -78.9% 0.2%
INFINITY MORTGAGE HOLDINGS, LLC $13,140,000 $2,220,000 -83.1% 0.2%
THRIVE MORTGAGE, LLC $2,815,000 $2,220,000 -21.1% 0.2%
First Basin Credit Union $2,155,000 n/a 0.2%
Raymond James Bank $2,115,000 n/a 0.2%
DAS Acquisition Company, LLC $935,000 $2,035,000 117.6% 0.2%
American Momentum Bank $655,000 $2,020,000 208.4% 0.1%
Paramount Residential Mortgage Group, Inc. $1,930,000 $1,940,000 0.5% 0.1%
FIRST COMMUNITY MORTGAGE, INC. $1,845,000 n/a 0.1%
RBC Bank, (Georgia) $2,600,000 $1,835,000 -29.4% 0.1%
SIRVA MORTGAGE, INC. $1,220,000 $1,805,000 48.0% 0.1%
Plains Commerce Bank $1,770,000 n/a 0.1%
First United Bank and Trust Company $1,625,000 $1,765,000 8.6% 0.1%
Ally Bank $3,175,000 $1,695,000 -46.6% 0.1%
LAKEVIEW LOAN SERVICING, LLC $18,005,000 $1,685,000 -90.6% 0.1%
CSL Financial, LLC $660,000 $1,670,000 153.0% 0.1%
NATIONS DIRECT MORTGAGE, LLC $3,560,000 $1,590,000 -55.3% 0.1%
American Bank of Commerce $1,570,000 n/a 0.1%
Wyndham Capital Mortgage, Inc. $1,260,000 $1,545,000 22.6% 0.1%
NBKC BANK $2,815,000 $1,540,000 -45.3% 0.1%
Network Funding, L.P. $3,885,000 $1,535,000 -60.5% 0.1%
UBS Bank USA $1,280,000 $1,505,000 17.6% 0.1%
LENDINGHOME FUNDING CORPORATION $190,000 $1,495,000 686.8% 0.1%
Peoples Bank $1,485,000 n/a 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $4,225,000 $1,480,000 -65.0% 0.1%
Commerce Home Mortgage, Inc. $2,520,000 $1,450,000 -42.5% 0.1%
FLAT BRANCH MORTGAGE, INC. $1,445,000 n/a 0.1%
The Huntington National Bank $1,575,000 $1,405,000 -10.8% 0.1%
KELLER MORTGAGE, LLC $3,210,000 $1,375,000 -57.2% 0.1%
CORNERSTONE HOME LENDING, INC. $1,940,000 $1,340,000 -30.9% 0.1%
Watermark Capital, Inc. $265,000 $1,340,000 405.7% 0.1%
Century Mortgage Company DBA Century Lending Company $1,320,000 n/a 0.1%
JMAC LENDING, INC. $3,175,000 $1,260,000 -60.3% 0.1%
MORTGAGE ACCESS CORP. $720,000 $1,260,000 75.0% 0.1%
PLANET HOME LENDING, LLC $3,465,000 $1,230,000 -64.5% 0.1%
ANGEL OAK HOME LOANS LLC $275,000 $1,215,000 341.8% 0.1%
LEGEND LENDING CORPORATION $760,000 $1,210,000 59.2% 0.1%
UNION HOME MORTGAGE CORP. $1,985,000 $1,200,000 -39.5% 0.1%
HOMESIDE FINANCIAL, LLC $4,490,000 $1,175,000 -73.8% 0.1%
AmeriHome Mortgage Company, LLC $6,090,000 $1,160,000 -81.0% 0.1%
SWBC MORTGAGE CORPORATION $3,640,000 $1,160,000 -68.1% 0.1%
WILLOW BEND MORTGAGE COMPANY, LLC $1,400,000 $1,130,000 -19.3% 0.1%
GREAT WESTERN FINANCIAL SERVICES, INC. $1,420,000 $1,085,000 -23.6% 0.1%
CHERRY CREEK MORTGAGE, LLC $2,565,000 $1,045,000 -59.3% 0.1%
AMERICAN FINANCING CORPORATION $1,895,000 $1,030,000 -45.6% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $185,000 $1,005,000 443.2% 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $7,615,000 $1,000,000 -86.9% 0.1%
Lakeview Community Capital, LLC $10,845,000 $995,000 -90.8% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $550,000 $985,000 79.1% 0.1%
Town Square Mortgage & Investments, Inc. $610,000 $975,000 59.8% 0.1%
Deere Employees Credit Union $295,000 $950,000 222.0% 0.1%
Alliance Credit Union $615,000 $920,000 49.6% 0.1%
The First National Bank of Granbury $915,000 n/a 0.1%
MTCU $5,260,000 $910,000 -82.7% 0.1%
Amarillo National Bank $315,000 $905,000 187.3% 0.1%
LENDSURE MORTGAGE CORP. $155,000 $895,000 477.4% 0.1%
Colonial Savings, F.A. $2,200,000 $890,000 -59.5% 0.1%
CIVIC FINANCIAL SERVICES, LLC $800,000 $885,000 10.6% 0.1%
MORTGAGE FINANCIAL SERVICES, LLC $2,310,000 $875,000 -62.1% 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $730,000 $870,000 19.2% 0.1%
INTERLINC MORTGAGE SERVICES, LLC $965,000 $865,000 -10.4% 0.1%
PANORAMA MORTGAGE GROUP, LLC $865,000 n/a 0.1%
Herring Bank $285,000 $860,000 201.8% 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $425,000 $845,000 98.8% 0.1%
American Bank of Oklahoma $840,000 n/a 0.1%
First Guaranty Mortgage Corporation $3,500,000 $825,000 -76.4% 0.1%
BancorpSouth Bank $810,000 n/a 0.1%
MORIA DEVELOPMENT, INC. $615,000 $790,000 28.5% 0.1%
Northpointe Bank $1,180,000 $790,000 -33.1% 0.1%
Kwik Mortgage Corporation $255,000 $780,000 205.9% 0.1%
Neighborhood Loans, Inc. $1,150,000 $780,000 -32.2% 0.1%
BOKF $1,070,000 $770,000 -28.0% 0.1%
Origin Bank $1,005,000 $745,000 -25.9% 0.1%
PLAZA HOME MORTGAGE, INC. $1,780,000 $725,000 -59.3% 0.1%
SECURITY SERVICE $1,640,000 $700,000 -57.3% 0.1%
Citibank $35,000 $690,000 1,871.4% 0.1%
Zions Bancorporation, N.A. $245,000 $690,000 181.6% 0.1%
NTFN, INC. $355,000 $680,000 91.5% 0.1%
RANDOLPH-BROOKS $1,440,000 $675,000 -53.1% 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $1,815,000 $660,000 -63.6% 0.0%
ON Q FINANCIAL, INC. $660,000 n/a 0.0%
Prosperity Home Mortgage, LLC $800,000 $660,000 -17.5% 0.0%
Regions Bank $515,000 $660,000 28.2% 0.0%
Evolve Bank & Trust $3,085,000 $650,000 -78.9% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $710,000 $645,000 -9.2% 0.0%
GENEVA FINANCIAL, LLC $235,000 $645,000 174.5% 0.0%
NEXERA HOLDING LLC $640,000 n/a 0.0%
ACADEMY MORTGAGE CORPORATION $1,185,000 $635,000 -46.4% 0.0%
Hometown Lenders, Inc. $640,000 $610,000 -4.7% 0.0%
Assurance Financial Group, L.L.C. $1,340,000 $605,000 -54.9% 0.0%
CLM MORTGAGE, INC $605,000 n/a 0.0%
First United Bank $1,835,000 $605,000 -67.0% 0.0%
The Central Trust Bank $605,000 n/a 0.0%
Trustmark National Bank $605,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $55,000 $590,000 972.7% 0.0%
CERTIFIED FUNDING, L.P. $1,010,000 $575,000 -43.1% 0.0%
OPEN MORTGAGE, LLC $325,000 $550,000 69.2% 0.0%
TEMPLE VIEW CAPITAL FUNDING, LP $330,000 $550,000 66.7% 0.0%
Stifel Bank and Trust $845,000 $545,000 -35.5% 0.0%
General Mortgage Capital Corporation $540,000 n/a 0.0%
Credit Union of Texas $100,000 $530,000 430.0% 0.0%
Goldwater Bank, N.A. $480,000 $530,000 10.4% 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $665,000 $530,000 -20.3% 0.0%
First Community Bank $525,000 n/a 0.0%
Amerifirst Financial, Inc. $1,695,000 $505,000 -70.2% 0.0%
CADENCE LENDING GROUP, INC. $505,000 n/a 0.0%
Charles Schwab Bank, SSB $505,000 n/a 0.0%
MOVEMENT MORTGAGE, LLC $2,650,000 $500,000 -81.1% 0.0%
Discover Bank $105,000 $495,000 371.4% 0.0%
Great Plains National Bank $495,000 n/a 0.0%
Loan Simple, Inc. $1,315,000 $495,000 -62.4% 0.0%
Luxury Mortgage Corp. $495,000 n/a 0.0%
COUNTRYPLACE MORTGAGE, LTD. $695,000 $485,000 -30.2% 0.0%
KeyBank $485,000 n/a 0.0%
Sabine Federal Credit Union $485,000 n/a 0.0%
LOANPEOPLE, LLC $365,000 $480,000 31.5% 0.0%
LIMA ONE CAPITAL, LLC $470,000 n/a 0.0%
PILGRIM MORTGAGE LLC $1,245,000 $470,000 -62.2% 0.0%
ROYAL UNITED MORTGAGE LLC $1,400,000 $470,000 -66.4% 0.0%
SOUTHWEST FUNDING, LP $1,580,000 $460,000 -70.9% 0.0%
VILLAGE CAPITAL MORTGAGE $2,945,000 $460,000 -84.4% 0.0%
Great Southern Bank $455,000 n/a 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,265,000 $455,000 -64.0% 0.0%
Carrington Mortgage Services, LLC $1,660,000 $445,000 -73.2% 0.0%
UNION SQUARE $445,000 n/a 0.0%
HOMEOWNERS FINANCIAL GROUP USA, LLC $165,000 $435,000 163.6% 0.0%
Hometown Equity Mortgage, LLC $435,000 n/a 0.0%
NP, Inc. $875,000 $435,000 -50.3% 0.0%
American National Bank & Trust $825,000 $425,000 -48.5% 0.0%
Arvest Bank $425,000 n/a 0.0%
First Home Bank $315,000 $425,000 34.9% 0.0%
Secured Investment Corp. $425,000 n/a 0.0%
United Fidelity Funding Corp. $425,000 n/a 0.0%
VISION ONE MORTGAGE, INC. $425,000 n/a 0.0%
First National Bank Texas $335,000 $420,000 25.4% 0.0%
SIWELL, INC. $285,000 $415,000 45.6% 0.0%
TEXAS DOW EMPLOYEES CREDIT UNION $405,000 $415,000 2.5% 0.0%
FIRST COLONY MORTGAGE CORPORATION $205,000 $405,000 97.6% 0.0%
GUIDANCE RESIDENTIAL, LLC $405,000 n/a 0.0%
LADERA LENDING, INC. $405,000 n/a 0.0%
Veritex Community Bank $405,000 n/a 0.0%
1ST FINANCIAL, INC. $265,000 $400,000 50.9% 0.0%
J. VIRGIL, INC. $395,000 n/a 0.0%
MEMBER FIRST MORTGAGE, LLC $515,000 $395,000 -23.3% 0.0%
Chicago Mortgage Solutions LLC $950,000 $390,000 -58.9% 0.0%
SENTE MORTGAGE, INC. $255,000 $385,000 51.0% 0.0%
Sunflower Bank $385,000 n/a 0.0%
North American Savings Bank, F.S.B. $1,350,000 $380,000 -71.9% 0.0%
Equity Prime Mortgage LLC $690,000 $375,000 -45.7% 0.0%
Armed Forces Bank $365,000 n/a 0.0%
Greenbox Loans, Inc. $365,000 n/a 0.0%
ENDEAVOR CAPITAL, LLC. $355,000 n/a 0.0%
ALTRA $335,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $1,025,000 $335,000 -67.3% 0.0%
Constant Investments, Inc. $325,000 n/a 0.0%
SUN WEST MORTGAGE COMPANY, INC. $3,210,000 $325,000 -89.9% 0.0%
AMERICAN ADVISORS GROUP $920,000 $315,000 -65.8% 0.0%
BNC National Bank $385,000 $315,000 -18.2% 0.0%
NOVA FINANCIAL & INVESTMENT CORPORATION $315,000 n/a 0.0%
A&D Mortgage LLC $310,000 n/a 0.0%
CityWorth Mortgage LLC $245,000 $305,000 24.5% 0.0%
HOMETRUST MORTGAGE COMPANY $480,000 $305,000 -36.5% 0.0%
ADVANCIAL $780,000 $295,000 -62.2% 0.0%
METROPLEX MORTGAGE SERVICES, INC. $295,000 n/a 0.0%
SCHLUMBERGER EMPLOYEES CREDIT UNION $1,425,000 $295,000 -79.3% 0.0%
The Home Loan Expert LLC $105,000 $295,000 181.0% 0.0%
Chickasaw Community Bank $285,000 n/a 0.0%
FIRST CENTENNIAL MORTGAGE CORPORATION $285,000 n/a 0.0%
Heritage Bank $285,000 n/a 0.0%
HOMESTEAD FUNDING CORP. $285,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $280,000 n/a 0.0%
Magnolia State Bank $275,000 n/a 0.0%
SUMMIT FUNDING, INC. $105,000 $275,000 161.9% 0.0%
CONTOUR MORTGAGE CORPORATION $695,000 $265,000 -61.9% 0.0%
INTEGRITY MORTGAGE CORPORATION OF TEXAS $895,000 $265,000 -70.4% 0.0%
RUOFF MORTGAGE COMPANY, INC. $265,000 n/a 0.0%
Fifth Third Bank $400,000 $255,000 -36.3% 0.0%
First Savings Bank $460,000 $245,000 -46.7% 0.0%
PHH Mortgage Corporation $835,000 $245,000 -70.7% 0.0%
S1L, Inc. $285,000 $245,000 -14.0% 0.0%
Citizens Bank & Trust Company of Vivian, Louisiana $255,000 $235,000 -7.8% 0.0%
LEADERONE FINANCIAL CORPORATION $255,000 $235,000 -7.8% 0.0%
Metro City Bank $235,000 n/a 0.0%
ASPIRE FINANCIAL, INC. $2,000,000 $230,000 -88.5% 0.0%
Pinnacle Bank $225,000 n/a 0.0%
PlainsCapital Bank $75,000 $220,000 193.3% 0.0%
International Bank of Commerce $1,270,000 $215,000 -83.1% 0.0%
Western Bank $235,000 $215,000 -8.5% 0.0%
SPRING EQ, LLC $210,000 n/a 0.0%
F & M Community Bank $205,000 n/a 0.0%
Independent Bank $335,000 $205,000 -38.8% 0.0%
LEGACY MORTGAGE LLC $810,000 $205,000 -74.7% 0.0%
Low VA Rates, LLC $185,000 $205,000 10.8% 0.0%
FIRST NATIONAL BANK OF WEATHERFORD $195,000 n/a 0.0%
CALCON MUTUAL MORTGAGE LLC $205,000 $190,000 -7.3% 0.0%
BAY EQUITY LLC $425,000 $185,000 -56.5% 0.0%
Citizens 1st Bank $185,000 n/a 0.0%
Eagle Bank and Trust Company $185,000 n/a 0.0%
Citadel Servicing Corporation $455,000 $175,000 -61.5% 0.0%
FirstBank $195,000 $175,000 -10.3% 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $175,000 n/a 0.0%
United Community Bank $170,000 n/a 0.0%
ALL REVERSE MORTGAGE, INC. $165,000 n/a 0.0%
AMERICAN HOMESTAR MORTGAGE, L.L.C. $165,000 n/a 0.0%
Bank of England $3,290,000 $165,000 -95.0% 0.0%
First Western Trust Bank $165,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $165,000 n/a 0.0%
Magnolia Bank $315,000 $165,000 -47.6% 0.0%
Simmons Bank $1,055,000 $155,000 -85.3% 0.0%
CIBC Bank USA $135,000 n/a 0.0%
ASSOCIATED MORTGAGE CORPORATION $125,000 n/a 0.0%
BMO Harris Bank $125,000 n/a 0.0%
First National Bank of America $125,000 n/a 0.0%
VeraBank $125,000 n/a 0.0%
V.I.P. MORTGAGE, INC. $115,000 n/a 0.0%
AMPLIFY $105,000 n/a 0.0%
NexBank $665,000 $105,000 -84.2% 0.0%
Texana Bank $95,000 n/a 0.0%
1ST COMMUNITY FEDERAL CREDIT UNION $75,000 $55,000 -26.7% 0.0%
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $545,000 $35,000 -93.6% 0.0%
LIBERTYONE Credit Union $35,000 n/a 0.0%

MIDLAND's top lender by overall market share is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 7.9% market share. In second place, with 7.0%, is DHI MORTGAGE COMPANY, LTD., having originated $95,295,000 in loans. In third place, with 7.0%, is LRS FINANCIAL NETWORK, INC., having originated $94,515,000 in loans. In fourth place, with 5.7%, is Wells Fargo Bank, having originated $76,935,000 in loans. In fifth place, with 5.6%, is ARK-LA-TEX FINANCIAL SERVICES, LLC., having originated $75,330,000 in loans.

MIDLAND, 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.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
79701 Midland, TX $1,010 $1,020 $1,260 $1,560 $2,120
79702 Midland, TX $1,160 $1,160 $1,430 $1,770 $2,450
79703 Midland, TX $1,270 $1,280 $1,570 $1,940 $2,690
79704 Midland, TX $1,160 $1,160 $1,430 $1,770 $2,450
79705 Midland, TX $1,190 $1,190 $1,470 $1,820 $2,520
79706 Midland, TX $1,130 $1,140 $1,400 $1,730 $2,400
79707 Midland, TX $1,200 $1,200 $1,480 $1,830 $2,530
79708 Midland, TX $1,160 $1,160 $1,430 $1,770 $2,450
79710 Midland, TX $1,160 $1,160 $1,430 $1,770 $2,450
79712 Midland, TX $1,160 $1,160 $1,430 $1,770 $2,450
79758 Midland, TX $1,010 $1,020 $1,260 $1,560 $2,120
79765 Midland, TX $1,270 $1,320 $1,710 $2,110 $2,590
79766 Midland, TX $1,010 $1,020 $1,260 $1,560 $2,120
79782 Midland, TX $1,010 $1,020 $1,260 $1,560 $2,120

2022 Average & Median Rent Data Statistics
MIDLAND, TX average 1BR rent: $1,144, median: $1,160
MIDLAND, TX average 2BR rent: $1,416, median: $1,430
MIDLAND, TX average 3BR rent: $1,751, median: $1,770

MIDLAND, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 3,635 $1,117,225,000 $307,352
Cash Out Refi 364 $81,550,000 $224,038
Refi 308 $132,360,000 $429,740
Home Improvement 64 $11,680,000 $182,500
Other 53 $10,085,000 $190,283

Midland's most frequently cited loan purpose was Home Purchase, with 3,635 originations. The 2nd most popular reason was Cash Out Refi, with 364 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 1,115 $346,565,000 $310,821
4-5% 963 $326,305,000 $338,842
3-4% 825 $262,705,000 $318,430
6-7% 527 $149,795,000 $284,241
7-8% 204 $51,190,000 $250,931
<2.5% 186 $40,810,000 $219,409
2.5-3% 164 $51,090,000 $311,524
Over 8% 158 $23,640,000 $149,620

During 2022, Midland's most frequently originated rate bucket was 5-6%, with 1,115 originations.

Loan Sizing (MIDLAND, TX MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 2,533 $728,085,000 $287,440
$100k-200k 857 $135,475,000 $158,081
$400k-600k 542 $253,740,000 $468,155
$100,000 or less 313 $12,745,000 $40,719
$600k-1000k 153 $107,135,000 $700,229
$Over $1MM 26 $115,720,000 $4,450,769

MIDLAND's loan sizing saw the bucket of loans from $200k-400k with 2,533 originations, totaling $728,085,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,606 $792,140,000 $303,968
60-80% 928 $301,570,000 $324,968
40-60% 219 $121,585,000 $555,183
Under 20% 186 $4,820,000 $25,914
20-40% 103 $15,985,000 $155,194
Over 100% 69 $22,955,000 $332,681

MIDLAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,606 originations, totaling $792,140,000 in origination value.