WICHITA FALLS Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Wichita Falls averaged
6.8%
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
7.04% and
one month ago for the week of 2023-08-10, the
average rate was 6.58%.
Wichita Falls's average rate one year ago was 5.61%.
For refis of the same type during the week of 2023-09-14, the average rate
was 7.22%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Wichita Falls 30 Year Fixed Rate | 2023-09-14 | 6.8% |
| Wichita Falls 30 Year Fixed Rate Refi | 2023-09-14 | 7.22% |
| Wichita Falls 15 Year Fixed Rate | 2023-09-14 | 7.31% |
| Wichita Falls 15 Year Fixed Rate Refi | 2023-09-14 | 6.16% |
| Wichita Falls 30 Year FHA | 2023-09-14 | 6.89% |
| Wichita Falls 30 Year FHA Refi | 2023-09-14 | 7.19% |
| Wichita Falls 30 Year USDA | 2023-09-14 | 6.98% |
| Wichita Falls 30 Year USDA Refi | 2023-09-14 | 6.98% |
| Wichita Falls 30 Year VA | 2023-09-14 | 6.31% |
| Wichita Falls 30 Year VA Refi | 2023-09-14 | 6.81% |
WICHITA FALLS 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 WICHITA FALLS, 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.).
WICHITA FALLS Average Closing Costs & Other Stats
WICHITA FALLS, TX's 108 lenders originated 2,785
loans during 2022. The total origination value was $520,755,000, with an average loan value of
$186,986.
WICHITA FALLS's average closing costs are $4,713.
The top WICHITA FALLS lender as defined by loan originations is UNION SQUARE, with
149 loans originated. Their average total fees are
$3,994, which is $777
higher than the next largest lender,
American National Bank & Trust.
The lowest fee WICHITA FALLS lenders (with over 10 loans originated) are
TEXOMA COMMUNITY CREDIT UNION ($3,158), American National Bank & Trust ($3,216), FLAT BRANCH MORTGAGE, INC. ($3,820), UNION SQUARE ($3,994) and First Bank ($4,068).
The lowest rate WICHITA FALLS lenders (with over 10 loans originated) are
Wells Fargo Bank (4.74%), American National Bank & Trust (4.86%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (4.96%), FLAT BRANCH MORTGAGE, INC. (5.03%) and UNION SQUARE (5.04%).
WICHITA FALLS, 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 |
|---|---|---|---|---|
| UNION SQUARE | $94,600,000 | $69,105,000 | -27.0% | 13.3% |
| American National Bank & Trust | $96,240,000 | $59,845,000 | -37.8% | 11.5% |
| FLAT BRANCH MORTGAGE, INC. | $2,835,000 | $40,535,000 | 1,329.8% | 7.8% |
| Mortgage Research Center, LLC | $26,985,000 | $27,280,000 | 1.1% | 5.2% |
| First Bank | $26,270,000 | $26,805,000 | 2.0% | 5.1% |
| The Jacksboro National Bank | $49,690,000 | $25,180,000 | -49.3% | 4.8% |
| TEXOMA COMMUNITY CREDIT UNION | $16,270,000 | $17,905,000 | 10.0% | 3.4% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $7,215,000 | $16,770,000 | 132.4% | 3.2% |
| First National Bank | $16,960,000 | $14,005,000 | -17.4% | 2.7% |
| QUICKEN LOANS, LLC | $35,465,000 | $13,860,000 | -60.9% | 2.7% |
| First Bank & Trust | $23,385,000 | $13,820,000 | -40.9% | 2.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $10,875,000 | $11,135,000 | 2.4% | 2.1% |
| American State Bank | $9,255,000 | n/a | 1.8% | |
| FirstCapital Bank of Texas | $13,090,000 | $8,725,000 | -33.3% | 1.7% |
| USAA Federal Savings Bank | $10,375,000 | $8,610,000 | -17.0% | 1.7% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $8,240,000 | $7,790,000 | -5.5% | 1.5% |
| JPMorgan Chase Bank | $6,905,000 | $6,585,000 | -4.6% | 1.3% |
| NAVY FEDERAL CREDIT UNION | $4,620,000 | $5,925,000 | 28.2% | 1.1% |
| Wells Fargo Bank | $17,280,000 | $5,795,000 | -66.5% | 1.1% |
| MOVEMENT MORTGAGE, LLC | $4,620,000 | $5,265,000 | 14.0% | 1.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $7,250,000 | $4,460,000 | -38.5% | 0.9% |
| First United Bank | $8,400,000 | $4,440,000 | -47.1% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $6,605,000 | $4,340,000 | -34.3% | 0.8% |
| LOANDEPOT.COM, LLC | $5,730,000 | $4,300,000 | -25.0% | 0.8% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,960,000 | $3,985,000 | 103.3% | 0.8% |
| GUILD MORTGAGE COMPANY | $4,650,000 | $3,560,000 | -23.4% | 0.7% |
| NEWREZ LLC | $1,955,000 | $3,330,000 | 70.3% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,445,000 | $3,255,000 | -5.5% | 0.6% |
| Gateway First Bank | $1,505,000 | $3,025,000 | 101.0% | 0.6% |
| LOANPAL, LLC | $1,875,000 | $2,675,000 | 42.7% | 0.5% |
| 21ST MORTGAGE CORPORATION | $2,210,000 | $2,645,000 | 19.7% | 0.5% |
| CALIBER HOME LOANS, INC. | $10,385,000 | $2,620,000 | -74.8% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $535,000 | $2,525,000 | 372.0% | 0.5% |
| The City National Bank and Trust Company of Lawton | $2,505,000 | n/a | 0.5% | |
| EVERETT FINANCIAL, INC. | $1,345,000 | $2,495,000 | 85.5% | 0.5% |
| BROKER SOLUTIONS, INC. | $2,570,000 | $2,430,000 | -5.4% | 0.5% |
| GUARANTEED RATE, INC. | $2,030,000 | $2,310,000 | 13.8% | 0.4% |
| Legend Bank, N.A. | $6,495,000 | $2,235,000 | -65.6% | 0.4% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $280,000 | $2,235,000 | 698.2% | 0.4% |
| AMCAP MORTGAGE, LTD. | $930,000 | $2,175,000 | 133.9% | 0.4% |
| NexBank | $1,370,000 | $2,160,000 | 57.7% | 0.4% |
| NBKC BANK | $355,000 | $1,960,000 | 452.1% | 0.4% |
| Pilgrim Bank | $1,930,000 | n/a | 0.4% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $395,000 | $1,715,000 | 334.2% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $2,890,000 | $1,640,000 | -43.3% | 0.3% |
| First United Bank and Trust Company | $1,280,000 | $1,580,000 | 23.4% | 0.3% |
| U.S. Bank | $4,410,000 | $1,545,000 | -65.0% | 0.3% |
| First Financial Bank | $880,000 | $1,335,000 | 51.7% | 0.3% |
| AMERICAN FINANCING CORPORATION | $760,000 | $1,295,000 | 70.4% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $17,845,000 | $1,225,000 | -93.1% | 0.2% |
| CMG MORTGAGE, INC. | $105,000 | $1,175,000 | 1,019.0% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $1,015,000 | $1,140,000 | 12.3% | 0.2% |
| Bank of America | $530,000 | $1,125,000 | 112.3% | 0.2% |
| Regions Bank | $555,000 | $1,080,000 | 94.6% | 0.2% |
| Network Funding, L.P. | $935,000 | $1,070,000 | 14.4% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $1,470,000 | $985,000 | -33.0% | 0.2% |
| ASPIRE FINANCIAL, INC. | $515,000 | $980,000 | 90.3% | 0.2% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,150,000 | $970,000 | -15.7% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $3,475,000 | $945,000 | -72.8% | 0.2% |
| Carrington Mortgage Services, LLC | $1,875,000 | $925,000 | -50.7% | 0.2% |
| HOME POINT FINANCIAL CORPORATION | $3,385,000 | $910,000 | -73.1% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $1,205,000 | $870,000 | -27.8% | 0.2% |
| MICHIGAN MUTUAL, INC. | $310,000 | $860,000 | 177.4% | 0.2% |
| Truist | $815,000 | n/a | 0.2% | |
| RF Renovo Management Company, LLC | $780,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $340,000 | $755,000 | 122.1% | 0.1% |
| First State Bank | $285,000 | $690,000 | 142.1% | 0.1% |
| MORTGAGE FINANCIAL SERVICES, LLC | $1,050,000 | $680,000 | -35.2% | 0.1% |
| DAS Acquisition Company, LLC | $230,000 | $665,000 | 189.1% | 0.1% |
| Independent Bank | $635,000 | n/a | 0.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $505,000 | $610,000 | 20.8% | 0.1% |
| Republic State Mortgage Co. | $800,000 | $605,000 | -24.4% | 0.1% |
| TEXAS TECH | $260,000 | $590,000 | 126.9% | 0.1% |
| BancorpSouth Bank | $485,000 | $585,000 | 20.6% | 0.1% |
| GREAT WESTERN FINANCIAL SERVICES, INC. | $1,500,000 | $570,000 | -62.0% | 0.1% |
| COUNTRYPLACE MORTGAGE, LTD. | $270,000 | $555,000 | 105.6% | 0.1% |
| The Huntington National Bank | $525,000 | $535,000 | 1.9% | 0.1% |
| UIF CORPORATION | $315,000 | $515,000 | 63.5% | 0.1% |
| North American Savings Bank, F.S.B. | $500,000 | n/a | 0.1% | |
| FirstOak Bank | $475,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $85,000 | $455,000 | 435.3% | 0.1% |
| MEMBER HOME LOAN, L.L.C. | $450,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $2,105,000 | $440,000 | -79.1% | 0.1% |
| Discover Bank | $255,000 | $425,000 | 66.7% | 0.1% |
| AMERICAN ADVISORS GROUP | $400,000 | $420,000 | 5.0% | 0.1% |
| Amarillo National Bank | $415,000 | n/a | 0.1% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $415,000 | n/a | 0.1% | |
| S1L, Inc. | $265,000 | $410,000 | 54.7% | 0.1% |
| BNC National Bank | $265,000 | $405,000 | 52.8% | 0.1% |
| City National Bank | $405,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $365,000 | $405,000 | 11.0% | 0.1% |
| LOANPEOPLE, LLC | $395,000 | n/a | 0.1% | |
| BAY EQUITY LLC | $385,000 | n/a | 0.1% | |
| Community National Bank & Trust of Texas | $85,000 | $375,000 | 341.2% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $145,000 | $370,000 | 155.2% | 0.1% |
| NEW DAY FINANCIAL, LLC | $1,795,000 | $365,000 | -79.7% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $545,000 | $355,000 | -34.9% | 0.1% |
| GERSHMAN INVESTMENT CORP. | $345,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $375,000 | $340,000 | -9.3% | 0.1% |
| CASTLE & COOKE MORTGAGE, LLC | $330,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $920,000 | $330,000 | -64.1% | 0.1% |
| Plains Commerce Bank | $330,000 | n/a | 0.1% | |
| Colonial Savings, F.A. | $625,000 | $325,000 | -48.0% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $85,000 | $325,000 | 282.4% | 0.1% |
| BancFirst | $45,000 | $315,000 | 600.0% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $305,000 | n/a | 0.1% | |
| The First National Bank of Granbury | $305,000 | n/a | 0.1% | |
| NATIONS RELIABLE LENDING, LLC | $140,000 | $290,000 | 107.1% | 0.1% |
| Arvest Bank | $270,000 | $285,000 | 5.6% | 0.1% |
| ENCORE BANK | $285,000 | n/a | 0.1% | |
| Texana Bank | $285,000 | n/a | 0.1% | |
| OCMBC, INC. | $275,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $275,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $220,000 | $270,000 | 22.7% | 0.1% |
| Morgan Stanley Private Bank | $705,000 | $255,000 | -63.8% | 0.0% |
| The Federal Savings Bank | $395,000 | $255,000 | -35.4% | 0.0% |
| THRIVE MORTGAGE, LLC | $930,000 | $250,000 | -73.1% | 0.0% |
| First National Bank of America | $240,000 | n/a | 0.0% | |
| WILLOW BEND MORTGAGE COMPANY, LLC | $195,000 | $240,000 | 23.1% | 0.0% |
| AmeriHome Mortgage Company, LLC | $1,960,000 | $235,000 | -88.0% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $1,490,000 | $235,000 | -84.2% | 0.0% |
| Inwood National Bank | $225,000 | n/a | 0.0% | |
| First Guaranty Mortgage Corporation | $1,120,000 | $220,000 | -80.4% | 0.0% |
| Prosperity Bank | $615,000 | $220,000 | -64.2% | 0.0% |
| The First National Bank of Anson | $215,000 | n/a | 0.0% | |
| THE MORTGAGE LINK, INC. | $215,000 | n/a | 0.0% | |
| TOTAL MORTGAGE SERVICES, LLC | $215,000 | n/a | 0.0% | |
| Hometown Lenders, Inc. | $205,000 | n/a | 0.0% | |
| SFMC, LP | $270,000 | $205,000 | -24.1% | 0.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $135,000 | $205,000 | 51.9% | 0.0% |
| Town Square Mortgage & Investments, Inc. | $195,000 | n/a | 0.0% | |
| SWBC MORTGAGE CORPORATION | $505,000 | $190,000 | -62.4% | 0.0% |
| Armed Forces Bank | $185,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $185,000 | n/a | 0.0% | |
| Golden Empire Mortgage, Inc. | $185,000 | n/a | 0.0% | |
| MCT Credit Union | $185,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $215,000 | $175,000 | -18.6% | 0.0% |
| ARC HOME LLC | $175,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $175,000 | n/a | 0.0% | |
| Chickasaw Community Bank | $45,000 | $175,000 | 288.9% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $175,000 | n/a | 0.0% | |
| SOUTHWEST FUNDING, LP | $260,000 | $175,000 | -32.7% | 0.0% |
| RANDOLPH-BROOKS | $280,000 | $170,000 | -39.3% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $410,000 | $165,000 | -59.8% | 0.0% |
| CERTIFIED FUNDING, L.P. | $165,000 | n/a | 0.0% | |
| Peoples Bank | $325,000 | $165,000 | -49.2% | 0.0% |
| Washington Federal Bank | $3,725,000 | $165,000 | -95.6% | 0.0% |
| SPRING EQ, LLC | $160,000 | n/a | 0.0% | |
| DATCU | $155,000 | n/a | 0.0% | |
| Goldwater Bank, N.A. | $1,090,000 | $155,000 | -85.8% | 0.0% |
| M&T Bank | $155,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $145,000 | n/a | 0.0% | |
| Beeline Loans, Inc. | $145,000 | n/a | 0.0% | |
| GREATER TEXAS FEDERAL CREDIT UNION | $145,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $425,000 | $145,000 | -65.9% | 0.0% |
| KELLER MORTGAGE, LLC | $990,000 | $145,000 | -85.4% | 0.0% |
| PILGRIM MORTGAGE LLC | $185,000 | $145,000 | -21.6% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $125,000 | $145,000 | 16.0% | 0.0% |
| LIMA ONE CAPITAL, LLC | $140,000 | n/a | 0.0% | |
| KeyBank | $135,000 | n/a | 0.0% | |
| First National Bank Texas | $115,000 | $130,000 | 13.0% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $1,200,000 | $125,000 | -89.6% | 0.0% |
| GULF COAST EDUCATORS FEDERAL CREDIT UNION | $145,000 | $125,000 | -13.8% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $125,000 | n/a | 0.0% | |
| Magnolia Bank | $85,000 | $125,000 | 47.1% | 0.0% |
| PNC Bank | $570,000 | $125,000 | -78.1% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $210,000 | $125,000 | -40.5% | 0.0% |
| American Bank of Commerce | $115,000 | n/a | 0.0% | |
| Central Bank | $115,000 | n/a | 0.0% | |
| FirstBank | $115,000 | n/a | 0.0% | |
| Strong Home Mortgage, LLC | $590,000 | $115,000 | -80.5% | 0.0% |
| American Airlines Federal Credit Union | $105,000 | n/a | 0.0% | |
| FINANCE OF AMERICA MORTGAGE LLC | $755,000 | $105,000 | -86.1% | 0.0% |
| Mid-Continent Funding, Inc. | $105,000 | n/a | 0.0% | |
| NBH Bank | $205,000 | $105,000 | -48.8% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $105,000 | n/a | 0.0% | |
| United Texas Credit Union | $105,000 | n/a | 0.0% | |
| SIWELL, INC. | $725,000 | $95,000 | -86.9% | 0.0% |
| Sunflower Bank | $220,000 | $95,000 | -56.8% | 0.0% |
| A&D Mortgage LLC | $85,000 | n/a | 0.0% | |
| Citibank | $85,000 | n/a | 0.0% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $985,000 | $85,000 | -91.4% | 0.0% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $75,000 | n/a | 0.0% | |
| Herring Bank | $695,000 | $75,000 | -89.2% | 0.0% |
| LHM FINANCIAL CORPORATION | $75,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP. | $330,000 | $75,000 | -77.3% | 0.0% |
| Southside Bank | $95,000 | $75,000 | -21.1% | 0.0% |
| Citizens Bank | $535,000 | $65,000 | -87.9% | 0.0% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $400,000 | $65,000 | -83.8% | 0.0% |
| Advisors Mortgage Group, L.L.C. | $55,000 | n/a | 0.0% | |
| SECURITY SERVICE | $55,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $145,000 | $55,000 | -62.1% | 0.0% |
| H E B | $45,000 | n/a | 0.0% | |
| InterBank | $400,000 | $25,000 | -93.8% | 0.0% |
WICHITA FALLS's top lender by overall market share is UNION SQUARE, with 13.3% market share. In second place, with 11.5%, is American National Bank & Trust, having originated $59,845,000 in loans. In third place, with 7.8%, is FLAT BRANCH MORTGAGE, INC., having originated $40,535,000 in loans. In fourth place, with 5.2%, is Mortgage Research Center, LLC, having originated $27,280,000 in loans. In fifth place, with 5.1%, is First Bank, having originated $26,805,000 in loans.
WICHITA FALLS, TX Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 76228 | Wichita Falls, TX | $680 | $750 | $930 | $1,270 | $1,440 |
| 76230 | Wichita Falls, TX | $720 | $790 | $980 | $1,340 | $1,520 |
| 76261 | Wichita Falls, TX | $660 | $730 | $900 | $1,230 | $1,400 |
| 76301 | Wichita Falls, TX | $560 | $620 | $770 | $1,050 | $1,220 |
| 76302 | Wichita Falls, TX | $660 | $720 | $900 | $1,230 | $1,400 |
| 76305 | Wichita Falls, TX | $550 | $610 | $760 | $1,030 | $1,220 |
| 76306 | Wichita Falls, TX | $660 | $730 | $910 | $1,240 | $1,410 |
| 76307 | Wichita Falls, TX | $640 | $710 | $880 | $1,200 | $1,370 |
| 76308 | Wichita Falls, TX | $650 | $720 | $890 | $1,210 | $1,380 |
| 76309 | Wichita Falls, TX | $600 | $660 | $820 | $1,120 | $1,270 |
| 76310 | Wichita Falls, TX | $650 | $720 | $890 | $1,210 | $1,380 |
| 76311 | Wichita Falls, TX | $960 | $1,060 | $1,320 | $1,800 | $2,050 |
| 76351 | Wichita Falls, TX | $550 | $610 | $760 | $1,030 | $1,220 |
| 76352 | Wichita Falls, TX | $590 | $650 | $810 | $1,100 | $1,260 |
| 76354 | Wichita Falls, TX | $690 | $760 | $940 | $1,280 | $1,460 |
| 76357 | Wichita Falls, TX | $560 | $620 | $770 | $1,050 | $1,220 |
| 76360 | Wichita Falls, TX | $580 | $640 | $790 | $1,080 | $1,230 |
| 76365 | Wichita Falls, TX | $610 | $670 | $830 | $1,130 | $1,290 |
| 76366 | Wichita Falls, TX | $560 | $610 | $760 | $1,040 | $1,220 |
| 76367 | Wichita Falls, TX | $740 | $820 | $1,020 | $1,390 | $1,580 |
| 76369 | Wichita Falls, TX | $640 | $710 | $880 | $1,200 | $1,370 |
| 76370 | Wichita Falls, TX | $550 | $610 | $760 | $1,030 | $1,220 |
| 76374 | Wichita Falls, TX | $550 | $610 | $760 | $1,030 | $1,220 |
| 76377 | Wichita Falls, TX | $550 | $610 | $760 | $1,030 | $1,220 |
| 76379 | Wichita Falls, TX | $550 | $610 | $760 | $1,030 | $1,220 |
| 76389 | Wichita Falls, TX | $550 | $610 | $760 | $1,050 | $1,260 |
2022 Average & Median Rent Data Statistics
WICHITA FALLS, TX average 1BR rent: $691, median: $665
WICHITA FALLS, TX average 2BR rent: $858, median: $825
WICHITA FALLS, TX average 3BR rent: $1,169, median: $1,125
WICHITA FALLS, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,015 | $396,585,000 | $196,816 |
| Cash Out Refi | 395 | $64,215,000 | $162,570 |
| Refi | 266 | $48,820,000 | $183,534 |
| Home Improvement | 49 | $4,525,000 | $92,347 |
| Other | 48 | $5,520,000 | $115,000 |
| NA | 12 | $1,090,000 | $90,833 |
Wichita Falls's most frequently cited loan purpose was Home Purchase, with 2,015 originations. The 2nd most popular reason was Cash Out Refi, with 395 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 753 | $141,945,000 | $188,506 |
| 4-5% | 671 | $127,575,000 | $190,127 |
| 3-4% | 427 | $88,005,000 | $206,101 |
| 6-7% | 369 | $59,995,000 | $162,588 |
| 7-8% | 145 | $21,115,000 | $145,621 |
| 2.5-3% | 106 | $20,970,000 | $197,830 |
| Over 8% | 52 | $4,150,000 | $79,808 |
| <2.5% | 47 | $5,385,000 | $114,574 |
During 2022, Wichita Falls's most frequently originated rate bucket was 5-6%, with 753 originations.
Loan Sizing (WICHITA FALLS, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,144 | $167,800,000 | $146,678 |
| $200k-400k | 809 | $218,835,000 | $270,501 |
| $100,000 or less | 690 | $45,630,000 | $66,130 |
| $400k-600k | 114 | $54,940,000 | $481,930 |
| $600k-1000k | 20 | $13,900,000 | $695,000 |
| $Over $1MM | 8 | $19,650,000 | $2,456,250 |
WICHITA FALLS's loan sizing saw the bucket of loans from $100k-200k with 1,144 originations, totaling $167,800,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,270 | $263,620,000 | $207,575 |
| 60-80% | 731 | $123,725,000 | $169,254 |
| 40-60% | 258 | $35,310,000 | $136,860 |
| Over 100% | 122 | $31,170,000 | $255,492 |
| 20-40% | 121 | $10,985,000 | $90,785 |
| Under 20% | 61 | $2,685,000 | $44,016 |
WICHITA FALLS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,270 originations, totaling $263,620,000 in origination value.