Palestine Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Palestine averaged
5.9%
for the week of 2024-10-03, compared to the national average of
6.12% for the same period.
The average rate for the prior week (2024-09-26) was
6.16% and
one month ago for the week of 2024-08-29, the
average rate was 6.43%.
Palestine's average rate one year ago was 7.39%.
For refis of the same type during the week of 2024-10-03, the average rate
was 6.52%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-03 | 6.12% |
Palestine 30 Year Fixed Rate | 2024-10-03 | 5.9% |
Palestine 30 Year Fixed Rate Refi | 2024-10-03 | 6.52% |
Palestine 15 Year Fixed Rate | 2024-10-03 | 5.25% |
Palestine 15 Year Fixed Rate Refi | 2024-10-03 | 5.25% |
Palestine 30 Year FHA | 2024-10-03 | 5.76% |
Palestine 30 Year FHA Refi | 2024-10-03 | 6.09% |
Palestine 30 Year USDA | 2024-10-03 | 5.77% |
Palestine 30 Year USDA Refi | 2024-10-03 | 5.97% |
Palestine 30 Year VA | 2024-10-03 | 5.7% |
Palestine 30 Year VA Refi | 2024-10-03 | 5.7% |
Palestine 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 Palestine, 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.).
Palestine Average Closing Costs & Other Stats
Palestine, TX's 59 lenders originated 541
loans during 2023. The total origination value was $105,795,000, with an average loan value of
$195,555.
Palestine's average closing costs are $5,721.
The top Palestine lender as defined by loan originations is VeraBank, with
25 loans originated. Their average total fees are
$2,693, which is $414
lower than the next largest lender,
Austin Bank, Texas.
The lowest fee Palestine lenders (with over 10 loans originated) are
VeraBank ($2,693), Austin Bank, Texas ($3,107), QUICKEN LOANS, LLC ($7,782), .
The lowest rate Palestine lenders (with over 10 loans originated) are
VeraBank (5.84%), Austin Bank, Texas (6.74%), QUICKEN LOANS, LLC (7.16%), .
Palestine, 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 |
---|---|---|---|---|
Austin Bank, Texas | $14,230,000 | $9,580,000 | -32.7% | 9.1% |
VeraBank | $10,230,000 | $8,875,000 | -13.2% | 8.4% |
Commercial Bank of Texas | $9,340,000 | $8,075,000 | -13.5% | 7.6% |
Arbor Realty Trust, Inc. | $6,805,000 | n/a | 6.4% | |
GENEVA FINANCIAL, LLC | $5,035,000 | $5,655,000 | 12.3% | 5.3% |
QUICKEN LOANS, LLC | $8,500,000 | $5,490,000 | -35.4% | 5.2% |
21ST MORTGAGE CORPORATION | $4,830,000 | $4,385,000 | -9.2% | 4.1% |
UNITED WHOLESALE MORTGAGE, LLC | $4,680,000 | $3,265,000 | -30.2% | 3.1% |
Mortgage Research Center, LLC | $4,215,000 | $3,090,000 | -26.7% | 2.9% |
Prosperity Bank | $9,180,000 | $2,630,000 | -71.4% | 2.5% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $2,090,000 | $2,575,000 | 23.2% | 2.4% |
Southern Bank | $1,805,000 | n/a | 1.7% | |
CMG MORTGAGE, INC. | $970,000 | $1,775,000 | 83.0% | 1.7% |
SFMC, LP | $5,070,000 | $1,640,000 | -67.7% | 1.6% |
CARDINAL FINANCIAL | $840,000 | $1,490,000 | 77.4% | 1.4% |
ALTRA | $1,220,000 | $1,435,000 | 17.6% | 1.4% |
Texas National Bank of Jacksonville | $2,030,000 | $1,370,000 | -32.5% | 1.3% |
TRIAD FINANCIAL SERVICES, INC. | $1,360,000 | $1,320,000 | -2.9% | 1.2% |
SOUTHWEST STAGE FUNDING, LLC | $1,060,000 | $1,315,000 | 24.1% | 1.2% |
Southside Bank | $920,000 | $1,255,000 | 36.4% | 1.2% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,815,000 | $1,010,000 | -64.1% | 1.0% |
BROKER SOLUTIONS, INC. | $260,000 | $975,000 | 275.0% | 0.9% |
GUILD MORTGAGE COMPANY | $300,000 | $940,000 | 213.3% | 0.9% |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $930,000 | n/a | 0.9% | |
PENNYMAC LOAN SERVICES, LLC | $1,595,000 | $920,000 | -42.3% | 0.9% |
Regions Bank | $620,000 | $865,000 | 39.5% | 0.8% |
NAVY FEDERAL CREDIT UNION | $1,200,000 | $825,000 | -31.3% | 0.8% |
First State Bank | $1,270,000 | $820,000 | -35.4% | 0.8% |
AMERISAVE MORTGAGE CORPORATION | $285,000 | $815,000 | 186.0% | 0.8% |
CROSSCOUNTRY MORTGAGE, LLC | $1,385,000 | $720,000 | -48.0% | 0.7% |
Paramount Residential Mortgage Group, Inc. | $540,000 | $715,000 | 32.4% | 0.7% |
NEWREZ LLC | $1,155,000 | $700,000 | -39.4% | 0.7% |
Wells Fargo Bank | $820,000 | $660,000 | -19.5% | 0.6% |
Henderson Federal Savings Bank | $615,000 | n/a | 0.6% | |
Mr. Cooper ( Nationstar Mortgage ) | $1,000,000 | $580,000 | -42.0% | 0.5% |
Flagstar Bank, FSB | $540,000 | $575,000 | 6.5% | 0.5% |
Bank of America | $1,080,000 | $560,000 | -48.1% | 0.5% |
UNITED BUILT HOMES, L.L.C. | $1,120,000 | $560,000 | -50.0% | 0.5% |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $495,000 | n/a | 0.5% | |
AMCAP MORTGAGE, LTD. | $770,000 | $490,000 | -36.4% | 0.5% |
HALLMARK HOME MORTGAGE, LLC | $490,000 | n/a | 0.5% | |
CREDIT HUMAN FEDERAL CREDIT UNION | $140,000 | $470,000 | 235.7% | 0.4% |
MORTGAGE FINANCIAL SERVICES, LLC | $350,000 | $465,000 | 32.9% | 0.4% |
Prosperity Home Mortgage, LLC | $435,000 | n/a | 0.4% | |
Network Funding, L.P. | $235,000 | $410,000 | 74.5% | 0.4% |
Amarillo National Bank | $405,000 | n/a | 0.4% | |
The First National Bank of McGregor | $395,000 | n/a | 0.4% | |
Cooperative Teachers Credit Union | $360,000 | n/a | 0.3% | |
BancorpSouth | $500,000 | $355,000 | -29.0% | 0.3% |
LOANDEPOT.COM, LLC | $1,035,000 | $345,000 | -66.7% | 0.3% |
HOMETRUST MORTGAGE COMPANY | $345,000 | $335,000 | -2.9% | 0.3% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $325,000 | n/a | 0.3% | |
ZILLOW HOME LOANS, LLC | $155,000 | $320,000 | 106.5% | 0.3% |
S1L, Inc. | $230,000 | $315,000 | 37.0% | 0.3% |
USAA Federal Savings Bank | $540,000 | $310,000 | -42.6% | 0.3% |
First State Bank of St. Charles, Missouri | $305,000 | n/a | 0.3% | |
Neighborhood Loans, Inc. | $305,000 | n/a | 0.3% | |
Carrington Mortgage Services, LLC | $645,000 | $300,000 | -53.5% | 0.3% |
ANECA Federal Credit Union | $295,000 | n/a | 0.3% | |
Farm Credit Mid-America, ACA | $65,000 | $295,000 | 353.8% | 0.3% |
DAS Acquisition Company, LLC | $285,000 | n/a | 0.3% | |
Gateway First Bank | $1,070,000 | $275,000 | -74.3% | 0.3% |
Trinity Oaks Mortgage, LLC | $265,000 | n/a | 0.3% | |
CALCON MUTUAL MORTGAGE LLC | $465,000 | $255,000 | -45.2% | 0.2% |
Republic State Mortgage Co. | $105,000 | $255,000 | 142.9% | 0.2% |
Goldwater Bank, N.A. | $245,000 | n/a | 0.2% | |
MEMBERS CHOICE Credit Union | $105,000 | $245,000 | 133.3% | 0.2% |
COUNTRYPLACE MORTGAGE, LTD. | $350,000 | $240,000 | -31.4% | 0.2% |
Equity Prime Mortgage LLC | $155,000 | $240,000 | 54.8% | 0.2% |
Discover Bank | $235,000 | n/a | 0.2% | |
CARTER FEDERAL CREDIT UNION | $225,000 | n/a | 0.2% | |
TIB The Independent Bankersbank | $225,000 | n/a | 0.2% | |
Zions Bank | $225,000 | n/a | 0.2% | |
DRAPER AND KRAMER MORTGAGE CORP. | $375,000 | $215,000 | -42.7% | 0.2% |
EAST TEXAS PROFESSIONAL Credit Union | $210,000 | n/a | 0.2% | |
FREEDOM MORTGAGE CORPORATION | $655,000 | $205,000 | -68.7% | 0.2% |
ACADEMY MORTGAGE CORPORATION | $195,000 | n/a | 0.2% | |
Spring Hill State Bank | $195,000 | n/a | 0.2% | |
First National Bank of Huntsville | $185,000 | n/a | 0.2% | |
NATIONS DIRECT MORTGAGE, LLC | $185,000 | n/a | 0.2% | |
Town Square Mortgage & Investments, Inc. | $185,000 | n/a | 0.2% | |
CHURCHILL MORTGAGE CORPORATION | $320,000 | $175,000 | -45.3% | 0.2% |
EMBRACE HOME LOANS, INC. | $175,000 | n/a | 0.2% | |
Incommons Bank, N.A. | $295,000 | $175,000 | -40.7% | 0.2% |
KELLY COMMUNITY FEDERAL CREDIT UNION | $585,000 | $175,000 | -70.1% | 0.2% |
LAND HOME FINANCIAL SERVICES, INC. | $175,000 | n/a | 0.2% | |
Loan Simple, Inc. | $165,000 | $175,000 | 6.1% | 0.2% |
HOMESPIRE MORTGAGE CORPORATION | $170,000 | n/a | 0.2% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $480,000 | $170,000 | -64.6% | 0.2% |
TEXANS | $165,000 | n/a | 0.2% | |
Princeton Mortgage Corporation | $160,000 | n/a | 0.2% | |
Alliance Bank Central Texas | $105,000 | $155,000 | 47.6% | 0.1% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $155,000 | n/a | 0.1% | |
Classic Bank | $145,000 | n/a | 0.1% | |
CORNERSTONE HOME LENDING, INC. | $285,000 | $145,000 | -49.1% | 0.1% |
EVERETT FINANCIAL, INC. | $725,000 | $145,000 | -80.0% | 0.1% |
GUARANTEED RATE, INC. | $1,220,000 | $145,000 | -88.1% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $545,000 | $145,000 | -73.4% | 0.1% |
TEXAS DOW EMPLOYEES CREDIT UNION | $135,000 | n/a | 0.1% | |
CSL Financial, LLC | $130,000 | n/a | 0.1% | |
INTEGRITY MORTGAGE CORPORATION OF TEXAS | $520,000 | $125,000 | -76.0% | 0.1% |
GUARANTEED RATE AFFINITY, LLC | $300,000 | $115,000 | -61.7% | 0.1% |
SUCCESS MORTGAGE PARTNERS, INC. | $115,000 | n/a | 0.1% | |
Sunflower Bank | $115,000 | n/a | 0.1% | |
American National Bank & Trust | $105,000 | n/a | 0.1% | |
Arvest Bank | $105,000 | n/a | 0.1% | |
First United Bank and Trust Company | $1,135,000 | $105,000 | -90.7% | 0.1% |
HOME FINANCING UNLIMITED, INC. | $105,000 | n/a | 0.1% | |
VELOCITY COMMERCIAL CAPITAL, LLC | $105,000 | n/a | 0.1% | |
PNC Bank | $115,000 | $100,000 | -13.0% | 0.1% |
Cypress Bank, SSB | $95,000 | n/a | 0.1% | |
LOANPAL, LLC | $280,000 | $95,000 | -66.1% | 0.1% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $85,000 | n/a | 0.1% | |
FINANCE OF AMERICA REVERSE LLC | $145,000 | $75,000 | -48.3% | 0.1% |
Guaranty Bank & Trust, N.A. | $75,000 | n/a | 0.1% | |
HighTechLending Inc | $55,000 | n/a | 0.1% | |
VA Desert Pacific FCU | $35,000 | n/a | 0.0% | |
Credit Union of Texas | $105,000 | $25,000 | -76.2% | 0.0% |
Palestine's top lender by overall market share is Austin Bank, Texas, with 9.1% market share. In second place, with 8.4%, is VeraBank, having originated $8,875,000 in loans. In third place, with 7.6%, is Commercial Bank of Texas, having originated $8,075,000 in loans. In fourth place, with 6.4%, is Arbor Realty Trust, Inc., having originated $6,805,000 in loans. In fifth place, with 5.3%, is GENEVA FINANCIAL, LLC, having originated $5,655,000 in loans.
Palestine Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Palestine (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $154,750 (2.4%) | $219,407 (3.3%) | 0.00 | 138 |
2018-02-01 | $147,750 (2.9%) | $224,302 (4.0%) | 0.00 | 131 |
2018-03-01 | $146,750 (1.2%) | $206,654 (-2.1%) | 0.00 | 130 |
2018-04-01 | $147,000 (5.4%) | $225,290 (10.0%) | 0.00 | 132 |
2018-05-01 | $165,000 (16.0%) | $258,184 (18.4%) | 0.00 | 142 |
2018-06-01 | $159,500 (6.3%) | $249,771 (6.8%) | 0.00 | 163 |
2018-07-01 | $159,250 (0.0%) | $247,548 (0.6%) | 0.00 | 165 |
2018-08-01 | $160,200 (0.3%) | $240,913 (-3.2%) | 0.00 | 157 |
2018-09-01 | $159,000 (-7.3%) | $234,673 (-8.2%) | 0.00 | 166 |
2018-10-01 | $164,975 (3.3%) | $247,874 (-4.4%) | 0.00 | 164 |
2018-11-01 | $163,700 (-0.3%) | $255,805 (3.1%) | 0.00 | 154 |
2018-12-01 | $169,000 (5.6%) | $261,569 (21.1%) | 0.00 | 158 |
2019-01-01 | $166,000 (7.3%) | $253,388 (15.5%) | 0.00 | 150 |
2019-02-01 | $162,463 (10.0%) | $242,796 (8.2%) | 0.00 | 150 |
2019-03-01 | $163,929 (11.7%) | $245,302 (18.7%) | 0.00 | 158 |
2019-04-01 | $162,500 (10.5%) | $246,750 (9.5%) | 0.00 | 171 |
2019-05-01 | $169,538 (2.8%) | $256,753 (-0.6%) | 0.00 | 179 |
2019-06-01 | $170,000 (6.6%) | $270,632 (8.4%) | 0.00 | 179 |
2019-07-01 | $159,950 (0.4%) | $229,826 (-7.2%) | 0.00 | 155 |
2019-08-01 | $158,027 (-1.4%) | $235,301 (-2.3%) | 0.00 | 148 |
2019-09-01 | $161,893 (1.8%) | $248,177 (5.8%) | 0.00 | 146 |
2019-10-01 | $162,020 (-1.8%) | $251,735 (1.6%) | 0.00 | 144 |
2019-11-01 | $158,000 (-3.5%) | $252,895 (-1.1%) | 0.00 | 131 |
2019-12-01 | $159,500 (-5.6%) | $240,482 (-8.1%) | 0.00 | 120 |
2020-01-01 | $154,500 (-6.9%) | $236,290 (-6.8%) | 0.00 | 112 |
2020-02-01 | $155,000 (-4.6%) | $232,804 (-4.1%) | 0.00 | 104 |
2020-03-01 | $159,600 (-2.6%) | $228,623 (-6.8%) | 0.00 | 109 |
2020-04-01 | $167,450 (3.1%) | $245,170 (-0.6%) | 0.00 | 94 |
2020-05-01 | $177,450 (4.7%) | $255,486 (-0.5%) | 0.00 | 77 |
2020-06-01 | $191,200 (12.5%) | $273,512 (1.1%) | 0.00 | 71 |
2020-07-01 | $202,125 (26.4%) | $275,004 (19.7%) | 0.00 | 71 |
2020-08-01 | $198,500 (25.6%) | $261,654 (11.2%) | 0.00 | 67 |
2020-09-01 | $182,100 (12.5%) | $239,413 (-3.5%) | 0.00 | 68 |
2020-10-01 | $185,200 (14.3%) | $250,010 (-0.7%) | 0.00 | 75 |
2020-11-01 | $195,000 (23.4%) | $248,107 (-1.9%) | 0.00 | 75 |
2020-12-01 | $192,475 (20.7%) | $243,461 (1.2%) | 0.00 | 73 |
2021-01-01 | $192,400 (24.5%) | $236,210 (0.0%) | 0.00 | 59 |
2021-02-01 | $189,475 (22.2%) | $252,253 (8.4%) | 0.00 | 57 |
2021-03-01 | $215,625 (35.1%) | $269,437 (17.9%) | 0.00 | 42 |
2021-04-01 | $217,225 (29.7%) | $263,350 (7.4%) | 0.00 | 37 |
2021-05-01 | $222,500 (25.4%) | $282,839 (10.7%) | 0.00 | 42 |
2021-06-01 | $216,000 (13.0%) | $274,368 (0.3%) | 0.00 | 41 |
2021-07-01 | $198,500 (-1.8%) | $266,105 (-3.2%) | 0.00 | 56 |
2021-08-01 | $191,200 (-3.7%) | $256,170 (-2.1%) | 0.00 | 71 |
2021-09-01 | $246,000 (35.1%) | $282,173 (17.9%) | 0.00 | 80 |
2021-10-01 | $250,000 (35.0%) | $312,943 (25.2%) | 0.00 | 81 |
2021-11-01 | $252,625 (29.6%) | $325,459 (31.2%) | 0.00 | 79 |
2021-12-01 | $242,875 (26.2%) | $301,496 (23.8%) | 0.00 | 75 |
2022-01-01 | $274,900 (42.9%) | $320,235 (35.6%) | 0.00 | 59 |
2022-02-01 | $233,500 (23.2%) | $266,109 (5.5%) | 0.00 | 61 |
2022-03-01 | $213,375 (-1.0%) | $271,380 (0.7%) | 0.00 | 53 |
2022-04-01 | $222,450 (2.4%) | $297,489 (13.0%) | 0.00 | 61 |
2022-05-01 | $194,000 (-12.8%) | $261,927 (-7.4%) | 0.00 | 79 |
2022-06-01 | $182,125 (-15.7%) | $275,593 (0.5%) | 0.00 | 92 |
2022-07-01 | $249,000 (25.4%) | $309,685 (16.4%) | 0.00 | 111 |
2022-08-01 | $250,000 (30.8%) | $318,570 (24.4%) | 0.00 | 115 |
2022-09-01 | $254,675 (3.5%) | $311,237 (10.3%) | 0.00 | 118 |
2022-10-01 | $252,500 (1.0%) | $305,654 (-2.3%) | 0.00 | 122 |
2022-11-01 | $265,000 (4.9%) | $377,898 (16.1%) | 0.00 | 114 |
2022-12-01 | $249,000 (2.5%) | $362,721 (20.3%) | 0.00 | 112 |
2023-01-01 | $249,000 (-9.4%) | $292,026 (-8.8%) | 0.00 | 107 |
2023-02-01 | $222,250 (-4.8%) | $280,000 (5.2%) | 0.00 | 98 |
2023-03-01 | $235,000 (10.1%) | $284,881 (5.0%) | 0.00 | 103 |
2023-04-01 | $249,000 (11.9%) | $292,138 (-1.8%) | 0.00 | 111 |
2023-05-01 | $249,750 (28.7%) | $308,460 (17.8%) | 0.00 | 126 |
2023-06-01 | $263,125 (44.5%) | $315,675 (14.5%) | 0.00 | 129 |
2023-07-01 | $245,000 (-1.6%) | $297,313 (-4.0%) | 0.00 | 130 |
2023-08-01 | $246,000 (-1.6%) | $321,187 (0.8%) | 0.00 | 136 |
2023-09-01 | $260,000 (2.1%) | $332,034 (6.7%) | 0.00 | 149 |
2023-10-01 | $257,225 (1.9%) | $341,012 (11.6%) | 0.00 | 161 |
2023-11-01 | $268,750 (1.4%) | $354,088 (-6.3%) | 0.00 | 148 |
2023-12-01 | $270,000 (8.4%) | $393,409 (8.5%) | 0.00 | 163 |
2024-01-01 | $265,000 (6.4%) | $388,556 (33.1%) | 0.00 | 166 |
2024-02-01 | $253,625 (14.1%) | $377,672 (34.9%) | 0.00 | 167 |
2024-03-01 | $270,000 (14.9%) | $374,571 (31.5%) | 0.00 | 174 |
2024-04-01 | $279,500 (12.3%) | $361,112 (23.6%) | 0.00 | 177 |
2024-05-01 | $292,500 (17.1%) | $373,347 (21.0%) | 0.00 | 177 |
2024-06-01 | $277,950 (5.6%) | $370,453 (17.4%) | 0.00 | 196 |
2024-07-01 | $262,750 (7.2%) | $348,751 (17.3%) | 0.00 | 196 |
2024-08-01 | $260,000 (5.7%) | $353,875 (10.2%) | 0.00 | 185 |
2024-09-01 | $272,250 (4.7%) | $367,082 (10.6%) | 0.00 | 184 |
Palestine's median listing price comes in at 0% of the national average.
Palestine's average listing price for 2024-09-01 was $367,082, a difference of $35,048 (10.6%) versus the prior year and $13,207 versus the prior month.
For the 2024-09-01 period, Palestine had 184 MLS listings, a difference of -1 listings (-1%) versus the prior month and 35 listings (23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Palestine (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,904 sqft |
2018-02-01 | 0 days | 1,902 sqft |
2018-03-01 | 0 days | 1,916 sqft |
2018-04-01 | 0 days | 1,912 sqft |
2018-05-01 | 0 days | 2,005 sqft |
2018-06-01 | 0 days | 2,000 sqft |
2018-07-01 | 0 days | 2,004 sqft |
2018-08-01 | 0 days | 1,992 sqft |
2018-09-01 | 0 days | 1,982 sqft |
2018-10-01 | 0 days | 1,998 sqft |
2018-11-01 | 0 days | 1,983 sqft |
2018-12-01 | 0 days | 1,973 sqft |
2019-01-01 | 0 days | 1,900 sqft |
2019-02-01 | 0 days | 1,957 sqft |
2019-03-01 | 0 days | 1,949 sqft |
2019-04-01 | 0 days | 1,900 sqft |
2019-05-01 | 0 days | 1,977 sqft |
2019-06-01 | 0 days | 1,974 sqft |
2019-07-01 | 0 days | 1,870 sqft |
2019-08-01 | 0 days | 1,800 sqft |
2019-09-01 | 0 days | 1,868 sqft |
2019-10-01 | 0 days | 1,903 sqft |
2019-11-01 | 0 days | 1,856 sqft |
2019-12-01 | 0 days | 1,849 sqft |
2020-01-01 | 0 days | 1,841 sqft |
2020-02-01 | 0 days | 1,858 sqft |
2020-03-01 | 0 days | 1,865 sqft |
2020-04-01 | 0 days | 1,855 sqft |
2020-05-01 | 0 days | 1,868 sqft |
2020-06-01 | 0 days | 1,881 sqft |
2020-07-01 | 0 days | 1,913 sqft |
2020-08-01 | 0 days | 1,967 sqft |
2020-09-01 | 0 days | 1,965 sqft |
2020-10-01 | 0 days | 2,145 sqft |
2020-11-01 | 0 days | 2,200 sqft |
2020-12-01 | 0 days | 2,020 sqft |
2021-01-01 | 0 days | 2,014 sqft |
2021-02-01 | 0 days | 2,091 sqft |
2021-03-01 | 0 days | 2,226 sqft |
2021-04-01 | 0 days | 2,150 sqft |
2021-05-01 | 0 days | 1,967 sqft |
2021-06-01 | 0 days | 1,844 sqft |
2021-07-01 | 0 days | 1,813 sqft |
2021-08-01 | 0 days | 1,748 sqft |
2021-09-01 | 0 days | 1,799 sqft |
2021-10-01 | 0 days | 1,800 sqft |
2021-11-01 | 0 days | 1,777 sqft |
2021-12-01 | 0 days | 1,756 sqft |
2022-01-01 | 0 days | 1,698 sqft |
2022-02-01 | 0 days | 1,609 sqft |
2022-03-01 | 0 days | 1,678 sqft |
2022-04-01 | 0 days | 1,818 sqft |
2022-05-01 | 0 days | 1,655 sqft |
2022-06-01 | 0 days | 1,552 sqft |
2022-07-01 | 0 days | 1,822 sqft |
2022-08-01 | 0 days | 1,880 sqft |
2022-09-01 | 0 days | 1,807 sqft |
2022-10-01 | 0 days | 1,880 sqft |
2022-11-01 | 0 days | 1,879 sqft |
2022-12-01 | 0 days | 1,828 sqft |
2023-01-01 | 0 days | 1,800 sqft |
2023-02-01 | 0 days | 1,705 sqft |
2023-03-01 | 0 days | 1,852 sqft |
2023-04-01 | 0 days | 1,780 sqft |
2023-05-01 | 0 days | 1,785 sqft |
2023-06-01 | 0 days | 1,819 sqft |
2023-07-01 | 0 days | 1,780 sqft |
2023-08-01 | 0 days | 1,737 sqft |
2023-09-01 | 0 days | 1,722 sqft |
2023-10-01 | 0 days | 1,736 sqft |
2023-11-01 | 0 days | 1,784 sqft |
2023-12-01 | 0 days | 1,821 sqft |
2024-01-01 | 0 days | 1,735 sqft |
2024-02-01 | 0 days | 1,685 sqft |
2024-03-01 | 0 days | 1,698 sqft |
2024-04-01 | 0 days | 1,812 sqft |
2024-05-01 | 0 days | 1,833 sqft |
2024-06-01 | 0 days | 1,872 sqft |
2024-07-01 | 0 days | 1,823 sqft |
2024-08-01 | 0 days | 1,803 sqft |
2024-09-01 | 0 days | 1,782 sqft |
Palestine's median square footage for active listings during the 2024-09-01 period was 1,782 sqft. One year prior, the average listing was 1,722 sqft.
Palestine, TX Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 401 | $77,255,000 | $192,656 |
Cash Out Refi | 46 | $13,840,000 | $300,870 |
Refi | 37 | $9,335,000 | $252,297 |
Home Improvement | 33 | $3,415,000 | $103,485 |
Other | 24 | $1,950,000 | $81,250 |
Palestine's most frequently cited loan purpose was Home Purchase, with 401 originations. The 2nd most popular reason was Cash Out Refi, with 46 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 166 | $36,950,000 | $222,590 |
7-8% | 155 | $29,945,000 | $193,194 |
Over 8% | 133 | $13,895,000 | $104,474 |
5-6% | 47 | $16,585,000 | $352,872 |
4-5% | 18 | $4,100,000 | $227,778 |
<2.5% | 5 | $25,000 | $5,000 |
During 2023, Palestine's most frequently originated rate bucket was 6-7%, with 166 originations.
Loan Sizing (Palestine, TX MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 241 | $35,075,000 | $145,539 |
$200k-400k | 135 | $37,305,000 | $276,333 |
$100,000 or less | 132 | $8,730,000 | $66,136 |
$400k-600k | 24 | $11,550,000 | $481,250 |
$600k-1000k | 7 | $4,525,000 | $646,429 |
$Over $1MM | 2 | $8,610,000 | $4,305,000 |
Palestine's loan sizing saw the bucket of loans from $100k-200k with 241 originations, totaling $35,075,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 291 | $56,725,000 | $194,931 |
60-80% | 97 | $27,925,000 | $287,887 |
20-40% | 47 | $6,225,000 | $132,447 |
40-60% | 47 | $7,095,000 | $150,957 |
Under 20% | 26 | $1,000,000 | $38,462 |
Over 100% | 13 | $2,045,000 | $157,308 |
Palestine's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 291 originations, totaling $56,725,000 in origination value.