Bank Of Odessa Mortgage Rates, Fees & Info
Odessa, MOLEI: 5493001TX1L6BVUQ0J60
Tax ID: 44-0162250
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Odessa is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Odessa has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Warrensburg, Sedalia, and Marshall among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Odessa has an above average approval rate when compared to the average across all lenders.
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Originations
290Origination Dollar Volume (All Markets)
$68,750,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 232 | $58,010,000 | $250,043 | $0 | 0.00% |
| Warrensburg, MO (FHA|USDA|VA) | 33 | $7,055,000 | $213,788 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $2,225,000 | $171,154 | $0 | 0.00% |
| Sedalia, MO (FHA|USDA|VA) | 10 | $1,310,000 | $131,000 | $0 | 0.00% |
| Marshall, MO (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 290 | $68,750,000 | $237,069 | $0 | 0.00% |
For 2024, Bank Of Odessa's most frequently originated type of loan was Conventional, with 290 originations.
Loan Reason
For 2024, Bank Of Odessa's most frequently cited loan purpose was Home Purchase, with 153 originations. The 2nd most popular reason was Refi, with 94 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 290 | $68,750,000 | $237,069 | $0 | 0.00% |
For 2024, Bank Of Odessa's most frequently cited loan duration was Other, with 290 originations.
Loan Sizing
2024 saw Bank Of Odessa place emphasis on $100k-200k loans with 99 originations, totaling $14,055,000 in origination value.
Applicant Income
Bank Of Odessa lent most frequently to those with incomes in the $100k-150k range, with 51 originations. The second most popular income band? $50k or less, with 43 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 290 | $68,750,000 | $237,069 | $0 | 0.00% |
Bank Of Odessa lent most frequently to those with DTI ratios of Exempt%, with 290 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.99%
Bank Of Odessa has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 290 | $68,750,000 | $237,069 |