Pampa Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Pampa averaged 7.28% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

The average rate for the prior week (2023-09-07) was 7.32% and one month ago for the week of 2023-08-10, the average rate was 6.76%.

Pampa's average rate one year ago was 5.69%.

For refis of the same type during the week of 2023-09-14, the average rate was 7.58%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-14 7.18%
Pampa 30 Year Fixed Rate 2023-09-14 7.28%
Pampa 30 Year Fixed Rate Refi 2023-09-14 7.58%
Pampa 15 Year Fixed Rate 2023-09-14 6.51%
Pampa 15 Year Fixed Rate Refi 2023-09-14 6.61%
Pampa 30 Year FHA 2023-09-14 6.89%
Pampa 30 Year FHA Refi 2023-09-14 6.79%
Pampa 30 Year USDA 2023-09-14 7.18%
Pampa 30 Year USDA Refi 2023-09-14 7.08%
Pampa 30 Year VA 2023-09-14 6.91%
Pampa 30 Year VA Refi 2023-09-14 6.81%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
EUSTIS AND AMERICAN MORTGAGE COMPANY 17 4.82% $6,220
QUICKEN LOANS, LLC 7 5.44% $5,378
Centennial Bank 5 5.98% $3,175
Amarillo National Bank 5 5.25% $3,550
RANLIFE, INC. 4 5.28% $5,153
MEMBER HOME LOAN, L.L.C. 4 5.13% $6,129
Education Credit Union 2 4.31% $5,125
ROYAL UNITED MORTGAGE LLC 2 5.69% $7,191
TEXAS DOW EMPLOYEES CREDIT UNION 2 5.19% $4,379
NATIONS RELIABLE LENDING, LLC 2 5.38% $9,461
NFM, INC. 2 3.69% $4,233
LOANDEPOT.COM, LLC 1 5.75% $5,635
MORTGAGE FINANCIAL SERVICES, LLC 1 3.25% $4,297
Mortgage Research Center, LLC 1 6.63% $1,902
PENNYMAC LOAN SERVICES, LLC 1 7.00% $3,770
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.50% $4,776
Prosperity Bank 1 5.50% $4,272
Regions Bank 1 5.25% $5,030
Sunflower Bank 1 3.49% $4,256
TEXAS TECH 1 5.50% $3,996
THRIVE MORTGAGE, LLC 1 4.50% $4,023
Toyota Financial Savings Bank 1 2.50% $1,531
UNIVERSAL LENDING CORPORATION 1 4.13% $4,732
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.00% $2,962
Wells Fargo Bank 1 4.75% $4,216
AMCAP MORTGAGE, LTD. 1 6.13% $3,965
American Momentum Bank 1 4.38% $4,408
AMERISAVE MORTGAGE CORPORATION 1 5.50% $7,605
ASSOCIATED MORTGAGE CORPORATION 1 6.00% $9,706
BETTER MORTGAGE CORPORATION 1 4.00% $2,414
CORNERSTONE HOME LENDING, INC. 1 4.38% $9,908
First Bank & Trust 1 4.25% $3,446
Flagstar Bank, FSB 1 3.29% $3,366
FREEDOM MORTGAGE CORPORATION 1 3.38% $4,780
JPMorgan Chase Bank 1 8.00% $731

Pampa Average Closing Costs & Other Stats

Pampa, TX's 35 lenders originated 307 loans during 2022. The total origination value was $46,235,000, with an average loan value of $150,603.

Pampa's average closing costs are $5,083.

The top Pampa lender as defined by loan originations is EUSTIS AND AMERICAN MORTGAGE COMPANY, with 17 loans originated. Their average total fees are $6,220, which is $842 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Pampa lenders (with over 10 loans originated) are EUSTIS AND AMERICAN MORTGAGE COMPANY ($6,220), .

The lowest rate Pampa lenders (with over 10 loans originated) are EUSTIS AND AMERICAN MORTGAGE COMPANY (4.82%), .

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
EUSTIS AND AMERICAN MORTGAGE COMPANY $5,105,000 $7,030,000 37.7% 15.2%
Centennial Bank $5,995,000 n/a 13.0%
FirstBank Southwest $6,970,000 $5,125,000 -26.5% 11.1%
First Bank & Trust $4,680,000 $5,110,000 9.2% 11.1%
QUICKEN LOANS, LLC $3,435,000 $2,920,000 -15.0% 6.3%
AMCAP MORTGAGE, LTD. $3,140,000 $1,910,000 -39.2% 4.1%
Mortgage Research Center, LLC $2,090,000 $1,840,000 -12.0% 4.0%
Amarillo National Bank $5,295,000 $1,820,000 -65.6% 3.9%
RANLIFE, INC. $880,000 $1,245,000 41.5% 2.7%
NATIONS RELIABLE LENDING, LLC $345,000 $815,000 136.2% 1.8%
MEMBER HOME LOAN, L.L.C. $610,000 n/a 1.3%
Toyota Financial Savings Bank $545,000 n/a 1.2%
American Momentum Bank $245,000 $460,000 87.8% 1.0%
21ST MORTGAGE CORPORATION $440,000 $455,000 3.4% 1.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,145,000 $435,000 -62.0% 0.9%
Regions Bank $415,000 n/a 0.9%
Education Credit Union $45,000 $390,000 766.7% 0.8%
AMERISAVE MORTGAGE CORPORATION $375,000 n/a 0.8%
S1L, Inc. $365,000 n/a 0.8%
AMARILLO COMMUNITY $385,000 $360,000 -6.5% 0.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $190,000 $340,000 78.9% 0.7%
MORTGAGE FINANCIAL SERVICES, LLC $335,000 n/a 0.7%
NEW DAY FINANCIAL, LLC $145,000 $335,000 131.0% 0.7%
TEXAS DOW EMPLOYEES CREDIT UNION $240,000 $330,000 37.5% 0.7%
Nations Lending Corporation $310,000 n/a 0.7%
Flagstar Bank, FSB $290,000 n/a 0.6%
ACADEMY MORTGAGE CORPORATION $275,000 n/a 0.6%
CORNERSTONE HOME LENDING, INC. $275,000 n/a 0.6%
LOANDEPOT.COM, LLC $260,000 n/a 0.6%
NFM, INC. $250,000 n/a 0.5%
PENNYMAC LOAN SERVICES, LLC $420,000 $250,000 -40.5% 0.5%
Bank of America $230,000 n/a 0.5%
Access Community Credit Union $240,000 $225,000 -6.3% 0.5%
ASSOCIATED MORTGAGE CORPORATION $500,000 $225,000 -55.0% 0.5%
Prosperity Bank $225,000 n/a 0.5%
JPMorgan Chase Bank $190,000 $220,000 15.8% 0.5%
VANDERBILT MORTGAGE AND FINANCE, INC. $215,000 $205,000 -4.7% 0.4%
PREMIER LENDING, INC. $195,000 n/a 0.4%
Wells Fargo Bank $265,000 $190,000 -28.3% 0.4%
Gateway First Bank $165,000 $185,000 12.1% 0.4%
ROYAL UNITED MORTGAGE LLC $235,000 $180,000 -23.4% 0.4%
First United Bank $165,000 n/a 0.4%
Sunflower Bank $165,000 n/a 0.4%
CANOPY MORTGAGE, LLC $155,000 n/a 0.3%
LIBERTY HOME MORTGAGE CORPORATION $155,000 n/a 0.3%
PRIMARY RESIDENTIAL MORTGAGE, INC. $125,000 $145,000 16.0% 0.3%
AMWEST FUNDING CORP. $135,000 n/a 0.3%
LAKEVIEW LOAN SERVICING, LLC $135,000 n/a 0.3%
BETTER MORTGAGE CORPORATION $740,000 $125,000 -83.1% 0.3%
BROKER SOLUTIONS, INC. $135,000 $125,000 -7.4% 0.3%
UNIVERSAL LENDING CORPORATION $145,000 $115,000 -20.7% 0.2%
NAVY FEDERAL CREDIT UNION $210,000 $95,000 -54.8% 0.2%
NEWREZ LLC $510,000 $95,000 -81.4% 0.2%
TEXAS TECH $95,000 n/a 0.2%
HOMESPIRE MORTGAGE CORPORATION $85,000 n/a 0.2%
DAS Acquisition Company, LLC $75,000 n/a 0.2%
FirstCapital Bank of Texas $75,000 n/a 0.2%
FREEDOM MORTGAGE CORPORATION $625,000 $75,000 -88.0% 0.2%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $65,000 n/a 0.1%
Goldwater Bank, N.A. $65,000 n/a 0.1%
EVERETT FINANCIAL, INC. $55,000 n/a 0.1%
THRIVE MORTGAGE, LLC $175,000 $55,000 -68.6% 0.1%
Barrington Bank & Trust Company, N.A. $25,000 n/a 0.1%

Pampa's top lender by overall market share is EUSTIS AND AMERICAN MORTGAGE COMPANY, with 15.2% market share. In second place, with 13.0%, is Centennial Bank, having originated $5,995,000 in loans. In third place, with 11.1%, is FirstBank Southwest, having originated $5,125,000 in loans. In fourth place, with 11.1%, is First Bank & Trust, having originated $5,110,000 in loans. In fifth place, with 6.3%, is QUICKEN LOANS, LLC, having originated $2,920,000 in loans.

Pampa, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 236 $37,950,000 $160,805
Refi 26 $3,500,000 $134,615
Cash Out Refi 23 $2,095,000 $91,087
Home Improvement 11 $1,515,000 $137,727
Other 11 $1,175,000 $106,818

Pampa's most frequently cited loan purpose was Home Purchase, with 236 originations. The 2nd most popular reason was Refi, with 26 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
4-5% 67 $10,265,000 $153,209
5-6% 64 $9,130,000 $142,656
6-7% 56 $10,360,000 $185,000
3-4% 44 $5,730,000 $130,227
2.5-3% 14 $2,200,000 $157,143
7-8% 12 $1,930,000 $160,833
Over 8% 7 $585,000 $83,571
<2.5% 3 $835,000 $278,333

During 2022, Pampa's most frequently originated rate bucket was 4-5%, with 67 originations.

Loan Sizing (Pampa, TX MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 129 $18,685,000 $144,845
$100,000 or less 120 $7,280,000 $60,667
$200k-400k 52 $12,920,000 $248,462
$400k-600k 3 $1,385,000 $461,667
$Over $1MM 2 $5,210,000 $2,605,000
$600k-1000k 1 $755,000 $755,000

Pampa's loan sizing saw the bucket of loans from $100k-200k with 129 originations, totaling $18,685,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 160 $23,490,000 $146,813
60-80% 62 $10,360,000 $167,097
40-60% 22 $3,850,000 $175,000
20-40% 12 $2,450,000 $204,167
Under 20% 6 $150,000 $25,000
Over 100% 4 $650,000 $162,500

Pampa's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 160 originations, totaling $23,490,000 in origination value.