Plainview 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 Plainview averaged 6.78% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.86% and one month ago for the week of 2023-02-16, the average rate was 6.68%.

    Plainview's average rate one year ago was 4.19%.

    For refis of the same type during the week of 2023-03-23, the average rate was 7.16%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Plainview 30 Year Fixed Rate 2023-03-23 6.78%
    Plainview 30 Year Fixed Rate Refi 2023-03-23 7.16%
    Plainview 15 Year Fixed Rate 2023-03-23 6.68%
    Plainview 15 Year Fixed Rate Refi 2023-03-23 6.4%
    Plainview 30 Year FHA 2023-03-23 6.18%
    Plainview 30 Year FHA Refi 2023-03-23 6.16%
    Plainview 30 Year USDA 2023-03-23 6.22%
    Plainview 30 Year USDA Refi 2023-03-23 6.75%
    Plainview 30 Year VA 2023-03-23 6.48%
    Plainview 30 Year VA Refi 2023-03-23 6.06%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Plainview, TX.

    Plainview 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 Plainview, 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
    Prosperity Bank 86 4.89% $3,203
    QUICKEN LOANS, LLC 10 5.37% $6,030
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 8 5.40% $3,996
    Centennial Bank 7 4.50% $3,625
    First Bank & Trust 6 5.73% $5,288
    TEXAS TECH 5 4.90% $4,488
    City Bank 5 5.45% $6,183
    Wells Fargo Bank 4 5.09% $4,505
    FLAT BRANCH MORTGAGE, INC. 4 6.34% $5,081
    Alliance Credit Union 3 4.79% $4,418
    Amarillo National Bank 2 6.00% $4,927
    FREEDOM MORTGAGE CORPORATION 2 4.81% $6,649
    NEWREZ LLC 1 6.63% $19,465
    PENNYMAC LOAN SERVICES, LLC 1 5.37% $11,082
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.63% $3,910
    V.I.P. MORTGAGE, INC. 1 4.88% $4,117
    Home Federal Bank 1 5.63% $3,884
    AMERICAN FINANCING CORPORATION 1 6.88% $13,096
    Citizens Bank 1 4.38% $2,651
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 8.13% $2,651
    Flagstar Bank, FSB 1 6.13% $5,161
    GREAT WESTERN FINANCIAL SERVICES, INC. 1 3.75% $4,999
    Access Community Credit Union 1 7.25% $5,133
    HOMETRUST MORTGAGE COMPANY 1 5.63% $8,500
    LOANDEPOT.COM, LLC 1 5.99% $7,505
    LRS FINANCIAL NETWORK, INC. 1 6.13% $4,204
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.63% $2,975
    NATIONS RELIABLE LENDING, LLC 1 7.13% $3,925

    Plainview Average Closing Costs & Other Stats

    Plainview, TX's 28 lenders originated 320 loans during 2022. The total origination value was $52,040,000, with an average loan value of $162,625.

    Plainview's average closing costs are $4,412.

    The top Plainview lender as defined by loan originations is Prosperity Bank, with 86 loans originated. Their average total fees are $3,203, which is $2,827 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Plainview lenders (with over 10 loans originated) are Prosperity Bank ($3,203), QUICKEN LOANS, LLC ($6,030), .

    The lowest rate Plainview lenders (with over 10 loans originated) are Prosperity Bank (4.89%), QUICKEN LOANS, LLC (5.37%), .

    Plainview, 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
    Prosperity Bank $19,155,000 $17,350,000 -9.4% 33.3%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $6,090,000 $4,190,000 -31.2% 8.1%
    Citizens Bank $485,000 $2,670,000 450.5% 5.1%
    QUICKEN LOANS, LLC $5,305,000 $2,590,000 -51.2% 5.0%
    GREYSTONE SERVICING COMPANY LLC $2,395,000 n/a 4.6%
    Centennial Bank $1,755,000 n/a 3.4%
    TEXAS TECH $2,560,000 $1,510,000 -41.0% 2.9%
    City Bank $1,760,000 $1,495,000 -15.1% 2.9%
    First Bank & Trust $465,000 $1,485,000 219.4% 2.9%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,645,000 $1,285,000 -21.9% 2.5%
    Amarillo National Bank $985,000 $1,075,000 9.1% 2.1%
    Alliance Credit Union $335,000 $915,000 173.1% 1.8%
    Vista Bank $410,000 $895,000 118.3% 1.7%
    FLAT BRANCH MORTGAGE, INC. $810,000 n/a 1.6%
    LOANDEPOT.COM, LLC $700,000 $720,000 2.9% 1.4%
    Wells Fargo Bank $780,000 $700,000 -10.3% 1.3%
    Ally Bank $675,000 n/a 1.3%
    PENNYMAC LOAN SERVICES, LLC $620,000 $575,000 -7.3% 1.1%
    FREEDOM MORTGAGE CORPORATION $815,000 $550,000 -32.5% 1.1%
    Mortgage Research Center, LLC $965,000 $450,000 -53.4% 0.9%
    Mr. Cooper ( Nationstar Mortgage ) $665,000 $435,000 -34.6% 0.8%
    21ST MORTGAGE CORPORATION $75,000 $425,000 466.7% 0.8%
    CMG MORTGAGE, INC. $400,000 $360,000 -10.0% 0.7%
    USAA Federal Savings Bank $355,000 n/a 0.7%
    NEWREZ LLC $345,000 n/a 0.7%
    FirstCapital Bank of Texas $85,000 $325,000 282.4% 0.6%
    Flagstar Bank, FSB $320,000 n/a 0.6%
    AMERICAN FINANCING CORPORATION $300,000 n/a 0.6%
    Herring Bank $265,000 n/a 0.5%
    Access Community Credit Union $255,000 n/a 0.5%
    Southwest Bank $310,000 $255,000 -17.7% 0.5%
    UNITED WHOLESALE MORTGAGE, LLC $795,000 $255,000 -67.9% 0.5%
    Gateway First Bank $385,000 $240,000 -37.7% 0.5%
    JPMorgan Chase Bank $120,000 $220,000 83.3% 0.4%
    Hometown Equity Mortgage, LLC $175,000 $215,000 22.9% 0.4%
    Lakeview Community Capital, LLC $395,000 $215,000 -45.6% 0.4%
    HOMETRUST MORTGAGE COMPANY $205,000 n/a 0.4%
    Nations Lending Corporation $165,000 n/a 0.3%
    SECURITYNATIONAL MORTGAGE COMPANY $165,000 n/a 0.3%
    NATIONS RELIABLE LENDING, LLC $160,000 n/a 0.3%
    AMCAP MORTGAGE, LTD. $530,000 $155,000 -70.8% 0.3%
    Home Federal Bank $155,000 n/a 0.3%
    VANDERBILT MORTGAGE AND FINANCE, INC. $155,000 n/a 0.3%
    American State Bank $150,000 n/a 0.3%
    GREAT WESTERN FINANCIAL SERVICES, INC. $145,000 n/a 0.3%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $145,000 n/a 0.3%
    AMERICAN PACIFIC MORTGAGE CORPORATION $155,000 $125,000 -19.4% 0.2%
    AMERISAVE MORTGAGE CORPORATION $290,000 $115,000 -60.3% 0.2%
    United Community Bank $115,000 n/a 0.2%
    TRIAD FINANCIAL SERVICES, INC. $105,000 n/a 0.2%
    V.I.P. MORTGAGE, INC. $105,000 n/a 0.2%
    Community National Bank $95,000 n/a 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $95,000 n/a 0.2%
    THRIVE MORTGAGE, LLC $95,000 n/a 0.2%
    First United Bank $775,000 $85,000 -89.0% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $85,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $210,000 $85,000 -59.5% 0.2%
    LRS FINANCIAL NETWORK, INC. $65,000 n/a 0.1%
    Paramount Bank $65,000 n/a 0.1%
    EECU $55,000 n/a 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $55,000 n/a 0.1%
    Western Bank $55,000 n/a 0.1%
    RANDOLPH-BROOKS $35,000 n/a 0.1%
    M&T Bank $25,000 n/a 0.0%

    Plainview's top lender by overall market share is Prosperity Bank, with 33.3% market share. In second place, with 8.1%, is ARK-LA-TEX FINANCIAL SERVICES, LLC., having originated $4,190,000 in loans. In third place, with 5.1%, is Citizens Bank, having originated $2,670,000 in loans. In fourth place, with 5.0%, is QUICKEN LOANS, LLC, having originated $2,590,000 in loans. In fifth place, with 4.6%, is GREYSTONE SERVICING COMPANY LLC, having originated $2,395,000 in loans.

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

    Realtor.com - Plainview (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 $122,950 (4.9%) $154,772 (13.9%) 0.00 105
    2018-02-01 $127,550 (8.0%) $151,962 (8.6%) 0.00 111
    2018-03-01 $142,000 (18.0%) $168,834 (9.2%) 0.00 105
    2018-04-01 $146,500 (18.9%) $174,845 (4.3%) 0.00 94
    2018-05-01 $144,900 (18.4%) $165,679 (1.2%) 0.00 97
    2018-06-01 $147,900 (30.8%) $169,038 (11.1%) 0.00 101
    2018-07-01 $146,125 (31.4%) $171,104 (16.4%) 0.00 114
    2018-08-01 $139,900 (21.1%) $173,626 (16.9%) 0.00 109
    2018-09-01 $130,000 (4.0%) $174,216 (13.7%) 0.00 112
    2018-10-01 $125,000 (-2.6%) $175,041 (9.2%) 0.00 109
    2018-11-01 $127,925 (0.9%) $170,661 (4.5%) 0.00 116
    2018-12-01 $132,500 (6.0%) $173,307 (6.2%) 0.00 110
    2019-01-01 $120,575 (-1.9%) $165,088 (6.7%) 0.00 103
    2019-02-01 $130,000 (1.9%) $172,812 (13.7%) 0.00 101
    2019-03-01 $138,721 (-2.3%) $174,420 (3.3%) 0.00 98
    2019-04-01 $141,996 (-3.1%) $170,668 (-2.4%) 0.00 99
    2019-05-01 $131,225 (-9.4%) $166,399 (0.4%) 0.00 95
    2019-06-01 $131,250 (-11.3%) $163,855 (-3.1%) 0.00 92
    2019-07-01 $127,875 (-12.5%) $151,931 (-11.2%) 0.00 107
    2019-08-01 $127,318 (-9.0%) $153,241 (-11.7%) 0.00 103
    2019-09-01 $127,420 (-2.0%) $155,638 (-10.7%) 0.00 99
    2019-10-01 $126,714 (1.4%) $157,656 (-9.9%) 0.00 94
    2019-11-01 $127,000 (-0.7%) $156,938 (-8.0%) 0.00 94
    2019-12-01 $135,375 (2.2%) $162,903 (-6.0%) 0.00 90
    2020-01-01 $134,625 (11.7%) $158,986 (-3.7%) 0.00 83
    2020-02-01 $128,950 (-0.8%) $160,397 (-7.2%) 0.00 73
    2020-03-01 $137,250 (-1.1%) $177,794 (1.9%) 0.00 70
    2020-04-01 $139,750 (-1.6%) $191,535 (12.2%) 0.00 69
    2020-05-01 $147,250 (12.2%) $200,830 (20.7%) 0.00 65
    2020-06-01 $144,300 (9.9%) $197,529 (20.6%) 0.00 64
    2020-07-01 $136,050 (6.4%) $177,278 (16.7%) 0.00 61
    2020-08-01 $137,200 (7.8%) $176,415 (15.1%) 0.00 71
    2020-09-01 $136,000 (6.7%) $176,019 (13.1%) 0.00 65
    2020-10-01 $135,500 (6.9%) $177,814 (12.8%) 0.00 54
    2020-11-01 $139,950 (10.2%) $190,497 (21.4%) 0.00 43
    2020-12-01 $142,350 (5.2%) $197,580 (21.3%) 0.00 45
    2021-01-01 $127,500 (-5.3%) $180,609 (13.6%) 0.00 41
    2021-02-01 $132,375 (2.7%) $187,457 (16.9%) 0.00 35
    2021-03-01 $110,875 (-19.2%) $188,491 (6.0%) 0.00 29
    2021-04-01 $114,950 (-17.8%) $189,353 (-1.1%) 0.00 32
    2021-05-01 $110,000 (-25.3%) $247,536 (23.3%) 0.00 24
    2021-06-01 $180,000 (24.7%) $241,830 (22.4%) 0.00 26
    2021-07-01 $149,500 (9.9%) $247,150 (39.4%) 0.00 21
    2021-08-01 $134,750 (-1.8%) $187,014 (6.0%) 0.00 35
    2021-09-01 $139,875 (2.9%) $197,527 (12.2%) 0.00 36
    2021-10-01 $117,475 (-13.3%) $209,376 (17.8%) 0.00 27
    2021-11-01 $129,975 (-7.1%) $220,978 (16.0%) 0.00 27
    2021-12-01 $167,325 (17.5%) $234,950 (18.9%) 0.00 30
    2022-01-01 $140,000 (9.8%) $218,409 (20.9%) 0.00 27
    2022-02-01 $142,938 (8.0%) $226,247 (20.7%) 0.00 29
    2022-03-01 $162,250 (46.3%) $249,120 (32.2%) 0.00 20
    2022-04-01 $189,700 (65.0%) $266,726 (40.9%) 0.00 18
    2022-05-01 $174,000 (58.2%) $255,787 (3.3%) 0.00 25
    2022-06-01 $139,375 (-22.6%) $227,519 (-5.9%) 0.00 27
    2022-07-01 $167,500 (12.0%) $211,732 (-14.3%) 0.00 32
    2022-08-01 $158,575 (17.7%) $212,031 (13.4%) 0.00 28
    2022-09-01 $130,750 (-6.5%) $192,516 (-2.5%) 0.00 33
    2022-10-01 $175,000 (49.0%) $222,054 (6.1%) 0.00 36
    2022-11-01 $169,200 (30.2%) $223,932 (1.3%) 0.00 36
    2022-12-01 $164,900 (-1.5%) $235,723 (0.3%) 0.00 35
    2023-01-01 $156,475 (11.8%) $214,323 (-1.9%) 0.00 38
    2023-02-01 $163,425 (14.3%) $218,262 (-3.5%) 0.00 36
    Plainview's median listing price for 2023-02-01 was $163,425, a difference of $20,487 (14.3%) versus the prior year and $6,950 versus the prior month.

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

    Plainview's average listing price for 2023-02-01 was $218,262, a difference of $-7,985 (-3.5%) versus the prior year and $3,939 versus the prior month.

    For the 2023-02-01 period, Plainview had 36 MLS listings, a difference of -2 listings (-5%) versus the prior month and 7 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Plainview (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,816 sqft
    2018-02-01 0 days 1,864 sqft
    2018-03-01 0 days 1,970 sqft
    2018-04-01 0 days 2,020 sqft
    2018-05-01 0 days 1,987 sqft
    2018-06-01 0 days 2,046 sqft
    2018-07-01 0 days 2,004 sqft
    2018-08-01 0 days 1,972 sqft
    2018-09-01 0 days 1,959 sqft
    2018-10-01 0 days 1,935 sqft
    2018-11-01 0 days 1,948 sqft
    2018-12-01 0 days 1,917 sqft
    2019-01-01 0 days 1,902 sqft
    2019-02-01 0 days 1,926 sqft
    2019-03-01 0 days 1,955 sqft
    2019-04-01 0 days 1,971 sqft
    2019-05-01 0 days 1,958 sqft
    2019-06-01 0 days 1,919 sqft
    2019-07-01 0 days 1,901 sqft
    2019-08-01 0 days 1,916 sqft
    2019-09-01 0 days 1,943 sqft
    2019-10-01 0 days 1,965 sqft
    2019-11-01 0 days 1,956 sqft
    2019-12-01 0 days 1,942 sqft
    2020-01-01 0 days 1,941 sqft
    2020-02-01 0 days 1,905 sqft
    2020-03-01 0 days 1,974 sqft
    2020-04-01 0 days 2,045 sqft
    2020-05-01 0 days 2,175 sqft
    2020-06-01 0 days 2,109 sqft
    2020-07-01 0 days 2,030 sqft
    2020-08-01 0 days 2,117 sqft
    2020-09-01 0 days 2,137 sqft
    2020-10-01 0 days 2,078 sqft
    2020-11-01 0 days 1,955 sqft
    2020-12-01 0 days 2,059 sqft
    2021-01-01 0 days 1,946 sqft
    2021-02-01 0 days 1,956 sqft
    2021-03-01 0 days 1,975 sqft
    2021-04-01 0 days 2,012 sqft
    2021-05-01 0 days 1,646 sqft
    2021-06-01 0 days 2,148 sqft
    2021-07-01 0 days 1,635 sqft
    2021-08-01 0 days 1,631 sqft
    2021-09-01 0 days 1,743 sqft
    2021-10-01 0 days 1,631 sqft
    2021-11-01 0 days 1,631 sqft
    2021-12-01 0 days 1,634 sqft
    2022-01-01 0 days 1,633 sqft
    2022-02-01 0 days 1,786 sqft
    2022-03-01 0 days 1,666 sqft
    2022-04-01 0 days 1,912 sqft
    2022-05-01 0 days 1,980 sqft
    2022-06-01 0 days 1,768 sqft
    2022-07-01 0 days 1,905 sqft
    2022-08-01 0 days 1,943 sqft
    2022-09-01 0 days 1,770 sqft
    2022-10-01 0 days 1,801 sqft
    2022-11-01 0 days 1,793 sqft
    2022-12-01 0 days 1,777 sqft
    2023-01-01 0 days 1,697 sqft
    2023-02-01 0 days 1,740 sqft
    Plainview's median listing age (time on market) for 2023-02-01 was 0 days.

    Plainview's median square footage for active listings during the 2023-02-01 period was 1,740 sqft. One year prior, the average listing was 1,786 sqft.

    Plainview, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 247 $40,945,000 $165,769
    Refi 32 $4,030,000 $125,938
    Cash Out Refi 28 $6,050,000 $216,071
    Other 8 $800,000 $100,000
    Home Improvement 5 $215,000 $43,000

    Plainview's most frequently cited loan purpose was Home Purchase, with 247 originations. The 2nd most popular reason was Refi, with 32 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 96 $15,150,000 $157,813
    4-5% 68 $11,570,000 $170,147
    3-4% 66 $11,000,000 $166,667
    6-7% 38 $5,260,000 $138,421
    7-8% 14 $1,700,000 $121,429
    2.5-3% 11 $4,105,000 $373,182
    Over 8% 5 $585,000 $117,000
    <2.5% 5 $935,000 $187,000

    During 2022, Plainview's most frequently originated rate bucket was 5-6%, with 96 originations.

    Loan Sizing (Plainview, TX MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 141 $19,995,000 $141,809
    $100,000 or less 114 $7,730,000 $67,807
    $200k-400k 53 $13,925,000 $262,736
    $400k-600k 6 $2,810,000 $468,333
    $600k-1000k 4 $2,580,000 $645,000
    $Over $1MM 2 $5,000,000 $2,500,000

    Plainview's loan sizing saw the bucket of loans from $100k-200k with 141 originations, totaling $19,995,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 195 $31,895,000 $163,564
    60-80% 66 $9,790,000 $148,333
    40-60% 27 $4,955,000 $183,519
    20-40% 9 $3,005,000 $333,889
    Under 20% 3 $15,000 $5,000
    Over 100% 2 $470,000 $235,000

    Plainview's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 195 originations, totaling $31,895,000 in origination value.