Plainview Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Plainview averaged 6.76% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.67% and one month ago for the week of 2024-10-10, the average rate was 6.5%.

    Plainview's average rate one year ago was 7.58%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.28%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Plainview 30 Year Fixed Rate 2024-11-14 6.76%
    Plainview 30 Year Fixed Rate Refi 2024-11-14 7.28%
    Plainview 15 Year Fixed Rate 2024-11-14 6.09%
    Plainview 15 Year Fixed Rate Refi 2024-11-14 6.19%
    Plainview 30 Year FHA 2024-11-14 -0.1%
    Plainview 30 Year FHA Refi 2024-11-14 0.1%
    Plainview 30 Year USDA 2024-11-14 -0.1%
    Plainview 30 Year USDA Refi 2024-11-14 0%
    Plainview 30 Year VA 2024-11-14 0.1%
    Plainview 30 Year VA Refi 2024-11-14 0%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Prosperity Bank 47 6.77% $3,551
    QUICKEN LOANS, LLC 7 7.23% $5,184
    Centennial Bank 6 7.00% $2,961
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 6.64% $3,504
    TEXAS TECH 4 7.28% $5,287
    FLAT BRANCH MORTGAGE, INC. 4 6.84% $4,252
    Mr. Cooper ( Nationstar Mortgage ) 3 7.16% $7,363
    T2 FINANCIAL LLC 3 6.67% $4,125
    Amarillo National Bank 3 6.21% $3,655
    CARDINAL FINANCIAL 2 6.43% $8,258
    City Bank 2 7.19% $3,909
    Northpointe Bank 2 6.94% $6,433
    Bank of America 2 6.19% $6,433
    Alliance Credit Union 2 7.13% $12,538
    THRIVE MORTGAGE, LLC 1 6.13% $4,925
    CMG MORTGAGE, INC. 1 6.99% $10,367
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.49% $2,563
    Flagstar Bank, FSB 1 7.13% $5,577
    HOMEXPRESS MORTGAGE CORP. 1 10.50% $9,072
    LOANDEPOT.COM, LLC 1 7.99% $6,282
    NP, Inc. 1 8.88% $13,663
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.88% $4,988
    Regions Bank 1 6.38% $8,760
    The Huntington National Bank 1 6.50% $6,990
    ADVANCIAL 1 6.88% $5,112

    Plainview Average Closing Costs & Other Stats

    Plainview, TX's 25 lenders originated 239 loans during 2023. The total origination value was $36,235,000, with an average loan value of $151,611.

    Plainview's average closing costs are $4,568.

    The top Plainview lender as defined by loan originations is Prosperity Bank, with 47 loans originated. Their average total fees are $3,551, which is $1,633 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Plainview lenders (with over 10 loans originated) are Prosperity Bank ($3,551), .

    The lowest rate Plainview lenders (with over 10 loans originated) are Prosperity Bank (6.77%), .

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Prosperity Bank $17,350,000 $10,905,000 -37.1% 30.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $4,190,000 $2,000,000 -52.3% 5.5%
    TEXAS TECH $1,510,000 $1,365,000 -9.6% 3.8%
    Mortgage Research Center, LLC $450,000 $1,220,000 171.1% 3.4%
    Amarillo National Bank $1,075,000 $1,200,000 11.6% 3.3%
    QUICKEN LOANS, LLC $2,590,000 $1,165,000 -55.0% 3.2%
    CARDINAL FINANCIAL $1,285,000 $1,145,000 -10.9% 3.2%
    Alliance Credit Union $915,000 $1,065,000 16.4% 2.9%
    CMG MORTGAGE, INC. $360,000 $1,065,000 195.8% 2.9%
    FLAT BRANCH MORTGAGE, INC. $810,000 $1,040,000 28.4% 2.9%
    LOANDEPOT.COM, LLC $720,000 $1,005,000 39.6% 2.8%
    City Bank $1,495,000 $710,000 -52.5% 2.0%
    Centennial Bank $1,755,000 $680,000 -61.3% 1.9%
    The Huntington National Bank $645,000 n/a 1.8%
    Bank of America $610,000 n/a 1.7%
    T2 FINANCIAL LLC $505,000 n/a 1.4%
    FREEDOM MORTGAGE CORPORATION $550,000 $490,000 -10.9% 1.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $55,000 $455,000 727.3% 1.3%
    Regions Bank $425,000 n/a 1.2%
    Mr. Cooper ( Nationstar Mortgage ) $435,000 $420,000 -3.4% 1.2%
    AMCAP MORTGAGE, LTD. $155,000 $370,000 138.7% 1.0%
    NP, Inc. $365,000 n/a 1.0%
    ROYAL UNITED MORTGAGE LLC $85,000 $365,000 329.4% 1.0%
    NAVY FEDERAL CREDIT UNION $310,000 n/a 0.9%
    Northpointe Bank $300,000 n/a 0.8%
    PENNYMAC LOAN SERVICES, LLC $575,000 $295,000 -48.7% 0.8%
    EMBRACE HOME LOANS, INC. $285,000 n/a 0.8%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $285,000 n/a 0.8%
    ADVANCIAL $275,000 n/a 0.8%
    COUNTRYPLACE MORTGAGE, LTD. $270,000 n/a 0.7%
    American State Bank $150,000 $235,000 56.7% 0.6%
    SOUTHWEST STAGE FUNDING, LLC $235,000 n/a 0.6%
    HOMETRUST MORTGAGE COMPANY $205,000 $220,000 7.3% 0.6%
    MOVEMENT MORTGAGE, LLC $215,000 n/a 0.6%
    Bank of England $205,000 n/a 0.6%
    First United Bank $85,000 $205,000 141.2% 0.6%
    Community National Bank $95,000 $190,000 100.0% 0.5%
    HOMEXPRESS MORTGAGE CORP. $175,000 n/a 0.5%
    PENTAGON FEDERAL CREDIT UNION $175,000 n/a 0.5%
    AMERICAN FINANCIAL NETWORK, INC. $155,000 n/a 0.4%
    GUILD MORTGAGE COMPANY $155,000 n/a 0.4%
    United Fidelity Funding Corp. $155,000 n/a 0.4%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $95,000 $150,000 57.9% 0.4%
    Flagstar Bank, FSB $320,000 $145,000 -54.7% 0.4%
    MANN FINANCIAL INC. $145,000 n/a 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $85,000 $145,000 70.6% 0.4%
    AMWEST FUNDING CORP. $135,000 n/a 0.4%
    Equity Prime Mortgage LLC $135,000 n/a 0.4%
    SUCCESS MORTGAGE PARTNERS, INC. $135,000 n/a 0.4%
    MORTGAGE FINANCIAL SERVICES, LLC $125,000 n/a 0.3%
    Wells Fargo Bank $700,000 $115,000 -83.6% 0.3%
    LIBERTYONE Credit Union $105,000 n/a 0.3%
    Western Bank $55,000 $105,000 90.9% 0.3%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $75,000 n/a 0.2%
    LOANPAL, LLC $75,000 n/a 0.2%
    Servion, Inc. $75,000 n/a 0.2%
    THRIVE MORTGAGE, LLC $95,000 $75,000 -21.1% 0.2%
    SPRING EQ, LLC $65,000 n/a 0.2%
    Credit Union of Texas $55,000 n/a 0.2%
    SWBC MORTGAGE CORPORATION $45,000 n/a 0.1%

    Plainview's top lender by overall market share is Prosperity Bank, with 30.1% market share. In second place, with 5.5%, is ARK-LA-TEX FINANCIAL SERVICES, LLC., having originated $2,000,000 in loans. In third place, with 3.8%, is TEXAS TECH, having originated $1,365,000 in loans. In fourth place, with 3.4%, is Mortgage Research Center, LLC, having originated $1,220,000 in loans. In fifth place, with 3.3%, is Amarillo National Bank, having originated $1,200,000 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 $122,400 (4.4%) $150,032 (10.4%) 0.00 104
    2018-02-01 $126,850 (7.4%) $151,313 (8.1%) 0.00 110
    2018-03-01 $139,850 (16.3%) $160,082 (7.7%) 0.00 103
    2018-04-01 $142,375 (18.0%) $166,041 (6.6%) 0.00 92
    2018-05-01 $142,325 (17.3%) $157,142 (2.8%) 0.00 96
    2018-06-01 $147,200 (32.3%) $160,766 (12.8%) 0.00 100
    2018-07-01 $144,500 (31.4%) $163,694 (19.3%) 0.00 113
    2018-08-01 $137,325 (21.1%) $165,664 (18.8%) 0.00 108
    2018-09-01 $130,000 (4.7%) $166,474 (16.4%) 0.00 111
    2018-10-01 $125,000 (-1.5%) $167,202 (11.1%) 0.00 108
    2018-11-01 $125,975 (-0.1%) $163,628 (6.3%) 0.00 116
    2018-12-01 $132,500 (6.7%) $166,610 (8.9%) 0.00 110
    2019-01-01 $120,600 (-1.5%) $162,128 (8.1%) 0.00 103
    2019-02-01 $129,450 (2.1%) $164,691 (8.8%) 0.00 100
    2019-03-01 $138,693 (-0.8%) $169,576 (5.9%) 0.00 97
    2019-04-01 $141,993 (-0.3%) $170,151 (2.5%) 0.00 99
    2019-05-01 $132,475 (-6.9%) $166,700 (6.1%) 0.00 96
    2019-06-01 $131,250 (-10.8%) $163,855 (1.9%) 0.00 92
    2019-07-01 $127,875 (-11.5%) $151,931 (-7.2%) 0.00 107
    2019-08-01 $127,318 (-7.3%) $153,241 (-7.5%) 0.00 103
    2019-09-01 $127,420 (-2.0%) $155,638 (-6.5%) 0.00 99
    2019-10-01 $126,714 (1.4%) $157,656 (-5.7%) 0.00 94
    2019-11-01 $127,000 (0.8%) $156,938 (-4.1%) 0.00 94
    2019-12-01 $135,375 (2.2%) $162,903 (-2.2%) 0.00 90
    2020-01-01 $134,625 (11.6%) $158,986 (-1.9%) 0.00 83
    2020-02-01 $128,950 (-0.4%) $160,397 (-2.6%) 0.00 73
    2020-03-01 $137,250 (-1.0%) $177,794 (4.9%) 0.00 70
    2020-04-01 $139,750 (-1.6%) $191,535 (12.6%) 0.00 69
    2020-05-01 $147,250 (11.2%) $200,830 (20.5%) 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 $143,575 (6.1%) $197,945 (21.5%) 0.00 46
    2021-01-01 $133,500 (-0.8%) $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 (16.5%) $234,950 (18.7%) 0.00 30
    2022-01-01 $140,000 (4.9%) $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 $164,900 (15.4%) $220,521 (-2.5%) 0.00 37
    2023-03-01 $182,500 (12.5%) $237,095 (-4.8%) 0.00 37
    2023-04-01 $199,500 (5.2%) $298,312 (11.8%) 0.00 35
    2023-05-01 $206,500 (18.7%) $284,111 (11.1%) 0.00 45
    2023-06-01 $197,125 (41.4%) $261,861 (15.1%) 0.00 53
    2023-07-01 $197,450 (17.9%) $256,343 (21.1%) 0.00 59
    2023-08-01 $193,185 (21.8%) $244,913 (15.5%) 0.00 74
    2023-09-01 $197,000 (50.7%) $248,325 (29.0%) 0.00 77
    2023-10-01 $195,685 (11.8%) $252,574 (13.7%) 0.00 76
    2023-11-01 $195,870 (15.8%) $279,642 (24.9%) 0.00 83
    2023-12-01 $191,870 (16.4%) $282,136 (19.7%) 0.00 81
    2024-01-01 $197,635 (26.3%) $282,176 (31.7%) 0.00 76
    2024-02-01 $191,738 (16.3%) $268,782 (21.9%) 0.00 77
    2024-03-01 $198,500 (8.8%) $258,662 (9.1%) 0.00 85
    2024-04-01 $209,975 (5.3%) $280,277 (-6.1%) 0.00 76
    2024-05-01 $219,900 (6.5%) $299,840 (5.5%) 0.00 69
    2024-06-01 $229,000 (16.2%) $302,827 (15.6%) 0.00 76
    2024-07-01 $204,600 (3.6%) $278,721 (8.7%) 0.00 91
    2024-08-01 $204,750 (6.0%) $270,546 (10.5%) 0.00 99
    2024-09-01 $200,500 (1.8%) $255,641 (3.0%) 0.00 92
    2024-10-01 $191,688 (-2.0%) $244,463 (-3.2%) 0.00 96
    Plainview's median listing price for 2024-10-01 was $191,688, a difference of $-3,997 (-2.0%) versus the prior year and $-8,812 versus the prior month.

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

    Plainview's average listing price for 2024-10-01 was $244,463, a difference of $-8,111 (-3.2%) versus the prior year and $-11,178 versus the prior month.

    For the 2024-10-01 period, Plainview had 96 MLS listings, a difference of 4 listings (4%) versus the prior month and 20 listings (26%) 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 1,922 sqft
    2019-01-01 0 days 1,911 sqft
    2019-02-01 0 days 1,930 sqft
    2019-03-01 0 days 1,955 sqft
    2019-04-01 0 days 1,969 sqft
    2019-05-01 0 days 1,959 sqft
    2019-06-01 0 days 1,940 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 2,039 sqft
    2021-01-01 0 days 1,910 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 1,913 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
    2023-03-01 0 days 1,892 sqft
    2023-04-01 0 days 1,960 sqft
    2023-05-01 0 days 1,839 sqft
    2023-06-01 0 days 1,773 sqft
    2023-07-01 0 days 1,874 sqft
    2023-08-01 0 days 1,913 sqft
    2023-09-01 0 days 1,913 sqft
    2023-10-01 0 days 1,910 sqft
    2023-11-01 0 days 1,884 sqft
    2023-12-01 0 days 1,907 sqft
    2024-01-01 0 days 1,920 sqft
    2024-02-01 0 days 1,881 sqft
    2024-03-01 0 days 1,905 sqft
    2024-04-01 0 days 1,995 sqft
    2024-05-01 0 days 2,104 sqft
    2024-06-01 0 days 2,091 sqft
    2024-07-01 0 days 2,020 sqft
    2024-08-01 0 days 2,045 sqft
    2024-09-01 0 days 1,952 sqft
    2024-10-01 0 days 1,961 sqft
    Plainview's median listing age (time on market) for 2024-10-01 was 0 days.

    Plainview's median square footage for active listings during the 2024-10-01 period was 1,961 sqft. One year prior, the average listing was 1,910 sqft.

    Plainview, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 184 $30,390,000 $165,163
    Cash Out Refi 21 $2,335,000 $111,190
    Refi 19 $2,465,000 $129,737
    Other 9 $695,000 $77,222
    Home Improvement 6 $350,000 $58,333

    Plainview's most frequently cited loan purpose was Home Purchase, with 184 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 97 $16,375,000 $168,814
    7-8% 69 $9,445,000 $136,884
    5-6% 34 $6,320,000 $185,882
    Over 8% 30 $3,560,000 $118,667
    <2.5% 1 $5,000 $5,000
    4-5% 1 $95,000 $95,000

    During 2023, Plainview's most frequently originated rate bucket was 6-7%, with 97 originations.

    Loan Sizing (Plainview, TX MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 104 $15,730,000 $151,250
    $100,000 or less 86 $5,780,000 $67,209
    $200k-400k 41 $10,675,000 $260,366
    $400k-600k 7 $3,405,000 $486,429
    $600k-1000k 1 $645,000 $645,000

    Plainview's loan sizing saw the bucket of loans from $100k-200k with 104 originations, totaling $15,730,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 144 $24,160,000 $167,778
    60-80% 45 $7,435,000 $165,222
    40-60% 26 $3,060,000 $117,692
    20-40% 11 $745,000 $67,727
    Under 20% 6 $120,000 $20,000
    Over 100% 2 $290,000 $145,000

    Plainview's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 144 originations, totaling $24,160,000 in origination value.