MIDLAND Mortgage Rates & Closing Costs
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% |
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 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)
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| 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.