Pampa Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Pampa averaged 6.99% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 7.12% and one month ago for the week of 2023-02-09, the average rate was 6.41%.

    Pampa's average rate one year ago was 4.14%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.5%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Pampa 30 Year Fixed Rate 2023-03-16 6.99%
    Pampa 30 Year Fixed Rate Refi 2023-03-16 6.5%
    Pampa 15 Year Fixed Rate 2023-03-16 6.97%
    Pampa 15 Year Fixed Rate Refi 2023-03-16 6.73%
    Pampa 30 Year FHA 2023-03-16 6.55%
    Pampa 30 Year FHA Refi 2023-03-16 6.39%
    Pampa 30 Year USDA 2023-03-16 6.35%
    Pampa 30 Year VA 2023-03-16 6.48%
    Pampa 30 Year VA Refi 2023-03-16 6.43%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Pampa, TX.

    Pampa 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 Pampa, 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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    Amarillo National Bank 17 3.46% $3,319
    EUSTIS AND AMERICAN MORTGAGE COMPANY 13 3.13% $5,124
    Happy State Bank 9 4.00% $3,548
    QUICKEN LOANS, LLC 7 3.43% $4,493
    RANLIFE, INC. 5 3.18% $5,840
    CALIBER HOME LOANS, INC. 3 3.10% $5,808
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.16% $4,056
    TEXAS DOW EMPLOYEES CREDIT UNION 2 3.88% $3,939
    BETTER MORTGAGE CORPORATION 2 2.69% $4,829
    Trinity Oaks Mortgage, LLC 2 3.31% $4,439
    AMCAP MORTGAGE, LTD. 2 3.56% $5,158
    ROYAL UNITED MORTGAGE LLC 2 3.56% $5,354
    First Bank & Trust 2 4.13% $4,183
    NEWREZ LLC 1 2.99% $3,919
    PENNYMAC LOAN SERVICES, LLC 1 3.63% $4,145
    SECURITY SERVICE 1 2.88% $1,350
    THRIVE MORTGAGE, LLC 1 3.13% $4,302
    Truist 1 3.10% $2,781
    UNITED WHOLESALE MORTGAGE, LLC 1 3.00% $7,334
    Access Community Credit Union 1 3.63% $3,825
    Wells Fargo Bank 1 2.75% $3,999
    AMARILLO COMMUNITY 1 3.75% $4,716
    American Momentum Bank 1 3.13% $4,078
    BROKER SOLUTIONS, INC. 1 3.25% $3,520
    CHURCHILL MORTGAGE CORPORATION 1 3.50% $4,123
    Colonial Savings, F.A. 1 3.00% $4,450
    ENDEAVOR CAPITAL, LLC. 1 4.13% $6,176
    First United Bank and Trust Company 1 3.00% $3,752
    GUARANTEED RATE, INC. 1 3.50% $3,250
    HOME POINT FINANCIAL CORPORATION 1 2.88% $5,193
    HOMETRUST MORTGAGE COMPANY 1 3.13% $3,537
    JPMorgan Chase Bank 1 3.38% $2,619
    NAVY FEDERAL CREDIT UNION 1 4.88% $5,266

    Pampa Average Closing Costs & Other Stats

    Pampa, TX's 33 lenders originated 402 loans during 2021. The total origination value was $55,150,000, with an average loan value of $137,189.

    Pampa's average closing costs are $4,735.

    The top Pampa lender as defined by loan originations is Amarillo National Bank, with 17 loans originated. Their average total fees are $3,319, which is $1,804 lower than the next largest lender, EUSTIS AND AMERICAN MORTGAGE COMPANY.

    The lowest fee Pampa lenders (with over 10 loans originated) are Amarillo National Bank ($3,319), EUSTIS AND AMERICAN MORTGAGE COMPANY ($5,124), .

    The lowest rate Pampa lenders (with over 10 loans originated) are EUSTIS AND AMERICAN MORTGAGE COMPANY (3.13%), Amarillo National Bank (3.46%), .

    Pampa, 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    FirstBank Southwest $6,615,000 $6,970,000 5.4% 12.6%
    Amarillo National Bank $3,950,000 $5,295,000 34.1% 9.6%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $3,225,000 $5,105,000 58.3% 9.3%
    First Bank & Trust $320,000 $4,680,000 1,362.5% 8.5%
    QUICKEN LOANS, LLC $4,230,000 $3,435,000 -18.8% 6.2%
    Happy State Bank $3,005,000 $3,210,000 6.8% 5.8%
    AMCAP MORTGAGE, LTD. $275,000 $3,140,000 1,041.8% 5.7%
    Bank of the West $2,255,000 n/a 4.1%
    Mortgage Research Center, LLC $1,265,000 $2,090,000 65.2% 3.8%
    First National Bank Texas $75,000 $1,505,000 1,906.7% 2.7%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $510,000 $1,145,000 124.5% 2.1%
    CALIBER HOME LOANS, INC. $380,000 $925,000 143.4% 1.7%
    RANLIFE, INC. $745,000 $880,000 18.1% 1.6%
    BETTER MORTGAGE CORPORATION $435,000 $740,000 70.1% 1.3%
    Mr. Cooper ( Nationstar Mortgage ) $640,000 n/a 1.2%
    FREEDOM MORTGAGE CORPORATION $970,000 $625,000 -35.6% 1.1%
    NEWREZ LLC $240,000 $510,000 112.5% 0.9%
    ASSOCIATED MORTGAGE CORPORATION $360,000 $500,000 38.9% 0.9%
    21ST MORTGAGE CORPORATION $450,000 $440,000 -2.2% 0.8%
    PENNYMAC LOAN SERVICES, LLC $750,000 $420,000 -44.0% 0.8%
    AMARILLO COMMUNITY $55,000 $385,000 600.0% 0.7%
    Trinity Oaks Mortgage, LLC $380,000 n/a 0.7%
    UNITED WHOLESALE MORTGAGE, LLC $370,000 n/a 0.7%
    NATIONS RELIABLE LENDING, LLC $235,000 $345,000 46.8% 0.6%
    INFINITY MORTGAGE HOLDINGS, LLC $220,000 $320,000 45.5% 0.6%
    AmeriHome Mortgage Company, LLC $165,000 $300,000 81.8% 0.5%
    HOME POINT FINANCIAL CORPORATION $75,000 $295,000 293.3% 0.5%
    CHURCHILL MORTGAGE CORPORATION $300,000 $270,000 -10.0% 0.5%
    Wells Fargo Bank $390,000 $265,000 -32.1% 0.5%
    American Momentum Bank $300,000 $245,000 -18.3% 0.4%
    Access Community Credit Union $120,000 $240,000 100.0% 0.4%
    PLAZA HOME MORTGAGE, INC. $240,000 n/a 0.4%
    TEXAS DOW EMPLOYEES CREDIT UNION $240,000 n/a 0.4%
    ROYAL UNITED MORTGAGE LLC $235,000 n/a 0.4%
    Austin Capital Bank SSB $225,000 n/a 0.4%
    ENDEAVOR CAPITAL, LLC. $225,000 n/a 0.4%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $215,000 n/a 0.4%
    VANDERBILT MORTGAGE AND FINANCE, INC. $215,000 $215,000 0.0% 0.4%
    NAVY FEDERAL CREDIT UNION $210,000 n/a 0.4%
    First United Bank and Trust Company $195,000 n/a 0.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $165,000 $190,000 15.2% 0.3%
    GUARANTEED RATE, INC. $185,000 $190,000 2.7% 0.3%
    JPMorgan Chase Bank $190,000 n/a 0.3%
    City Bank $175,000 n/a 0.3%
    Eagle Bank and Trust Company $175,000 n/a 0.3%
    Fifth Third Bank $175,000 n/a 0.3%
    Network Funding, L.P. $175,000 n/a 0.3%
    THRIVE MORTGAGE, LLC $175,000 n/a 0.3%
    Truist Bank $175,000 n/a 0.3%
    Gateway First Bank $165,000 n/a 0.3%
    Colonial Savings, F.A. $155,000 n/a 0.3%
    FINANCE OF AMERICA MORTGAGE LLC $155,000 n/a 0.3%
    HANCOCK MORTGAGE PARTNERS, LLC $155,000 n/a 0.3%
    Herring Bank $195,000 $155,000 -20.5% 0.3%
    USAA Federal Savings Bank $240,000 $155,000 -35.4% 0.3%
    ASPIRE FINANCIAL, INC. $115,000 $145,000 26.1% 0.3%
    Carrington Mortgage Services, LLC $145,000 n/a 0.3%
    NEW DAY FINANCIAL, LLC $65,000 $145,000 123.1% 0.3%
    SWBC MORTGAGE CORPORATION $145,000 n/a 0.3%
    UNIVERSAL LENDING CORPORATION $145,000 n/a 0.3%
    BROKER SOLUTIONS, INC. $135,000 n/a 0.2%
    NTFN, INC. $135,000 n/a 0.2%
    Servion, Inc. $135,000 n/a 0.2%
    VILLAGE CAPITAL & INVESTMENT LLC $280,000 $135,000 -51.8% 0.2%
    AMERICAN ADVISORS GROUP $45,000 $130,000 188.9% 0.2%
    GREAT WESTERN FINANCIAL SERVICES, INC. $125,000 n/a 0.2%
    Independent Bank $125,000 n/a 0.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $500,000 $125,000 -75.0% 0.2%
    ZILLOW HOME LOANS, LLC $125,000 n/a 0.2%
    PLANET HOME LENDING, LLC $115,000 n/a 0.2%
    Evolve Bank & Trust $105,000 n/a 0.2%
    MORIA DEVELOPMENT, INC. $105,000 n/a 0.2%
    SECURITY SERVICE $105,000 n/a 0.2%
    SOUTHWEST STAGE FUNDING, LLC $105,000 $95,000 -9.5% 0.2%
    HOMETRUST MORTGAGE COMPANY $85,000 n/a 0.2%
    United Fidelity Funding Corp. $55,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $45,000 n/a 0.1%
    Education Credit Union $45,000 n/a 0.1%
    MID AMERICA MORTGAGE, INC. $15,000 n/a 0.0%

    Pampa's top lender by overall market share is FirstBank Southwest, with 12.6% market share. In second place, with 9.6%, is Amarillo National Bank, having originated $5,295,000 in loans. In third place, with 9.3%, is EUSTIS AND AMERICAN MORTGAGE COMPANY, having originated $5,105,000 in loans. In fourth place, with 8.5%, is First Bank & Trust, having originated $4,680,000 in loans. In fifth place, with 6.2%, is QUICKEN LOANS, LLC, having originated $3,435,000 in loans.

    Pampa Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Pampa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $117,500 (30.2%) $133,919 (9.0%) 0.00 133
    2018-02-01 $113,475 (21.0%) $132,821 (6.4%) 0.00 148
    2018-03-01 $116,800 (16.5%) $137,527 (6.7%) 0.00 144
    2018-04-01 $124,550 (14.9%) $141,261 (5.0%) 0.00 145
    2018-05-01 $125,375 (11.0%) $143,931 (6.3%) 0.00 143
    2018-06-01 $129,900 (13.0%) $148,675 (9.8%) 0.00 143
    2018-07-01 $128,000 (9.4%) $147,133 (9.4%) 0.00 161
    2018-08-01 $129,675 (11.3%) $148,696 (13.6%) 0.00 167
    2018-09-01 $126,400 (9.9%) $146,555 (10.2%) 0.00 156
    2018-10-01 $122,000 (8.9%) $133,988 (0.2%) 0.00 157
    2018-11-01 $118,500 (3.0%) $131,723 (-2.8%) 0.00 153
    2018-12-01 $119,900 (4.3%) $134,258 (-1.0%) 0.00 145
    2019-01-01 $117,625 (0.1%) $130,927 (-2.2%) 0.00 139
    2019-02-01 $115,000 (1.3%) $127,009 (-4.4%) 0.00 137
    2019-03-01 $117,107 (0.3%) $133,141 (-3.2%) 0.00 139
    2019-04-01 $117,857 (-5.4%) $138,060 (-2.3%) 0.00 139
    2019-05-01 $109,225 (-12.9%) $136,623 (-5.1%) 0.00 145
    2019-06-01 $106,000 (-18.4%) $132,338 (-11.0%) 0.00 155
    2019-07-01 $115,125 (-10.1%) $136,900 (-7.0%) 0.00 158
    2019-08-01 $114,864 (-11.4%) $138,571 (-6.8%) 0.00 157
    2019-09-01 $114,659 (-9.3%) $141,391 (-3.5%) 0.00 156
    2019-10-01 $114,523 (-6.1%) $143,270 (6.9%) 0.00 154
    2019-11-01 $112,000 (-5.5%) $140,755 (6.9%) 0.00 146
    2019-12-01 $111,000 (-7.4%) $136,488 (1.7%) 0.00 146
    2020-01-01 $105,500 (-10.3%) $132,873 (1.5%) 0.00 141
    2020-02-01 $100,000 (-13.0%) $130,366 (2.6%) 0.00 141
    2020-03-01 $107,250 (-8.4%) $133,018 (-0.1%) 0.00 137
    2020-04-01 $101,760 (-13.7%) $129,085 (-6.5%) 0.00 137
    2020-05-01 $109,500 (0.3%) $134,553 (-1.5%) 0.00 133
    2020-06-01 $92,925 (-12.3%) $129,234 (-2.4%) 0.00 139
    2020-07-01 $89,700 (-22.1%) $124,639 (-9.0%) 0.00 131
    2020-08-01 $91,450 (-20.4%) $126,537 (-8.7%) 0.00 130
    2020-09-01 $103,750 (-9.5%) $128,262 (-9.3%) 0.00 125
    2020-10-01 $105,000 (-8.3%) $130,052 (-9.2%) 0.00 112
    2020-11-01 $115,000 (2.7%) $134,495 (-4.5%) 0.00 110
    2020-12-01 $116,125 (4.6%) $134,579 (-1.4%) 0.00 106
    2021-01-01 $125,000 (18.5%) $139,240 (4.8%) 0.00 103
    2021-02-01 $122,500 (22.5%) $141,260 (8.4%) 0.00 87
    2021-03-01 $117,500 (9.6%) $142,856 (7.4%) 0.00 76
    2021-04-01 $122,500 (20.4%) $144,279 (11.8%) 0.00 68
    2021-05-01 $119,950 (9.5%) $149,590 (11.2%) 0.00 58
    2021-06-01 $130,500 (40.4%) $158,620 (22.7%) 0.00 59
    2021-07-01 $130,000 (44.9%) $150,298 (20.6%) 0.00 60
    2021-08-01 $119,225 (30.4%) $131,847 (4.2%) 0.00 67
    2021-09-01 $127,200 (22.6%) $145,689 (13.6%) 0.00 67
    2021-10-01 $130,750 (24.5%) $160,295 (23.3%) 0.00 71
    2021-11-01 $142,500 (23.9%) $203,798 (51.5%) 0.00 61
    2021-12-01 $123,625 (6.5%) $194,774 (44.7%) 0.00 57
    2022-01-01 $120,000 (-4.0%) $188,444 (35.3%) 0.00 53
    2022-02-01 $110,000 (-10.2%) $161,904 (14.6%) 0.00 44
    2022-03-01 $95,500 (-18.7%) $140,978 (-1.3%) 0.00 43
    2022-04-01 $100,000 (-18.4%) $142,312 (-1.4%) 0.00 39
    2022-05-01 $120,344 (0.3%) $159,577 (6.7%) 0.00 45
    2022-06-01 $135,000 (3.5%) $157,685 (-0.6%) 0.00 50
    2022-07-01 $131,175 (0.9%) $154,156 (2.6%) 0.00 59
    2022-08-01 $120,625 (1.2%) $150,165 (13.9%) 0.00 55
    2022-09-01 $128,700 (1.2%) $155,514 (6.7%) 0.00 44
    2022-10-01 $135,000 (3.3%) $166,016 (3.6%) 0.00 57
    2022-11-01 $137,450 (-3.5%) $172,963 (-15.1%) 0.00 65
    2022-12-01 $145,000 (17.3%) $178,627 (-8.3%) 0.00 62
    2023-01-01 $148,000 (23.3%) $182,793 (-3.0%) 0.00 61
    2023-02-01 $165,725 (50.7%) $188,689 (16.5%) 0.00 62
    Pampa's median listing price for 2023-02-01 was $165,725, a difference of $55,725 (50.7%) versus the prior year and $17,725 versus the prior month.

    Pampa's median listing price comes in at 0% of the national average.

    Pampa's average listing price for 2023-02-01 was $188,689, a difference of $26,785 (16.5%) versus the prior year and $5,896 versus the prior month.

    For the 2023-02-01 period, Pampa had 62 MLS listings, a difference of 1 listings (2%) versus the prior month and 18 listings (41%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Pampa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,794 sqft
    2018-02-01 0 days 1,741 sqft
    2018-03-01 0 days 1,740 sqft
    2018-04-01 0 days 1,784 sqft
    2018-05-01 0 days 1,738 sqft
    2018-06-01 0 days 1,789 sqft
    2018-07-01 0 days 1,814 sqft
    2018-08-01 0 days 1,815 sqft
    2018-09-01 0 days 1,833 sqft
    2018-10-01 0 days 1,786 sqft
    2018-11-01 0 days 1,768 sqft
    2018-12-01 0 days 1,733 sqft
    2019-01-01 0 days 1,649 sqft
    2019-02-01 0 days 1,601 sqft
    2019-03-01 0 days 1,651 sqft
    2019-04-01 0 days 1,695 sqft
    2019-05-01 0 days 1,678 sqft
    2019-06-01 0 days 1,606 sqft
    2019-07-01 0 days 1,634 sqft
    2019-08-01 0 days 1,621 sqft
    2019-09-01 0 days 1,646 sqft
    2019-10-01 0 days 1,667 sqft
    2019-11-01 0 days 1,675 sqft
    2019-12-01 0 days 1,665 sqft
    2020-01-01 0 days 1,609 sqft
    2020-02-01 0 days 1,622 sqft
    2020-03-01 0 days 1,633 sqft
    2020-04-01 0 days 1,565 sqft
    2020-05-01 0 days 1,665 sqft
    2020-06-01 0 days 1,555 sqft
    2020-07-01 0 days 1,530 sqft
    2020-08-01 0 days 1,548 sqft
    2020-09-01 0 days 1,553 sqft
    2020-10-01 0 days 1,527 sqft
    2020-11-01 0 days 1,553 sqft
    2020-12-01 0 days 1,570 sqft
    2021-01-01 0 days 1,633 sqft
    2021-02-01 0 days 1,616 sqft
    2021-03-01 0 days 1,678 sqft
    2021-04-01 0 days 1,569 sqft
    2021-05-01 0 days 1,533 sqft
    2021-06-01 0 days 1,551 sqft
    2021-07-01 0 days 1,601 sqft
    2021-08-01 0 days 1,440 sqft
    2021-09-01 0 days 1,595 sqft
    2021-10-01 0 days 1,608 sqft
    2021-11-01 0 days 1,701 sqft
    2021-12-01 0 days 1,622 sqft
    2022-01-01 0 days 1,582 sqft
    2022-02-01 0 days 1,587 sqft
    2022-03-01 0 days 1,528 sqft
    2022-04-01 0 days 1,563 sqft
    2022-05-01 0 days 1,649 sqft
    2022-06-01 0 days 1,654 sqft
    2022-07-01 0 days 1,609 sqft
    2022-08-01 0 days 1,574 sqft
    2022-09-01 0 days 1,559 sqft
    2022-10-01 0 days 1,619 sqft
    2022-11-01 0 days 1,775 sqft
    2022-12-01 0 days 1,721 sqft
    2023-01-01 0 days 1,743 sqft
    2023-02-01 0 days 1,878 sqft
    Pampa's median listing age (time on market) for 2023-02-01 was 0 days.

    Pampa's median square footage for active listings during the 2023-02-01 period was 1,878 sqft. One year prior, the average listing was 1,587 sqft.

    Pampa, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 297 $41,595,000 $140,051
    Refi 68 $9,990,000 $146,912
    Cash Out Refi 21 $2,895,000 $137,857
    Home Improvement 13 $465,000 $35,769
    Other 3 $205,000 $68,333

    Pampa's most frequently cited loan purpose was Home Purchase, with 297 originations. The 2nd most popular reason was Refi, with 68 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 150 $20,180,000 $134,533
    2.5-3% 90 $11,990,000 $133,222
    4-5% 42 $6,730,000 $160,238
    <2.5% 36 $7,260,000 $201,667
    5-6% 16 $1,030,000 $64,375
    Over 8% 5 $515,000 $103,000
    6-7% 3 $175,000 $58,333
    7-8% 2 $140,000 $70,000

    During 2021, Pampa's most frequently originated rate bucket was 3-4%, with 150 originations.

    Loan Sizing (Pampa, TX MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 199 $28,685,000 $144,146
    $100,000 or less 157 $9,445,000 $60,159
    $200k-400k 40 $10,740,000 $268,500
    $Over $1MM 3 $4,765,000 $1,588,333
    $400k-600k 2 $840,000 $420,000
    $600k-1000k 1 $675,000 $675,000

    Pampa's loan sizing saw the bucket of loans from $100k-200k with 199 originations, totaling $28,685,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 182 $24,320,000 $133,626
    60-80% 65 $9,495,000 $146,077
    40-60% 31 $5,945,000 $191,774
    Under 20% 8 $80,000 $10,000
    20-40% 7 $375,000 $53,571
    Over 100% 6 $1,210,000 $201,667

    Pampa's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 182 originations, totaling $24,320,000 in origination value.