Pampa Mortgage Rates & Closing Costs
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% |
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.).
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.