Odessa USDA Loan Rates, Closing Costs & Stats
ODESSA, TX
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Odessa USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Odessa
averaged
6.04%
for the week of 2024-10-04, compared to the national average (all USDA variants) of
5.97% for the same period.
Odessa's average USDA mortgage closing costs are $8,371.
The average rate for the prior week (2024-09-27) was
5.97% and
one month ago for the week of 2024-08-30, the
average rate was 5.9%.
The average rate one year ago was 7.25%.
For refis of the same type during the week of 2024-10-04, the average rate
was 6.17%.
Odessa USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Odessa level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|
The lowest fee Odessa USDA lenders (with over 10 loans originated) are
.
The lowest rate Odessa USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Odessa (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $199,450 (14.0%) | $286,748 (14.1%) | 0.74 | 217 |
2018-02-01 | $200,950 (12.2%) | $321,187 (25.9%) | 0.73 | 184 |
2018-03-01 | $210,000 (12.1%) | $332,626 (31.2%) | 0.74 | 163 |
2018-04-01 | $229,250 (22.0%) | $347,549 (41.3%) | 0.78 | 159 |
2018-05-01 | $235,000 (23.8%) | $348,535 (37.8%) | 0.78 | 184 |
2018-06-01 | $250,000 (31.7%) | $409,745 (57.9%) | 0.85 | 162 |
2018-07-01 | $254,500 (34.0%) | $394,298 (54.0%) | 0.86 | 176 |
2018-08-01 | $248,200 (29.6%) | $381,978 (41.4%) | 0.83 | 184 |
2018-09-01 | $252,500 (31.2%) | $379,235 (39.5%) | 0.85 | 195 |
2018-10-01 | $249,000 (31.6%) | $361,344 (31.5%) | 0.84 | 212 |
2018-11-01 | $249,900 (25.0%) | $342,633 (22.2%) | 0.85 | 219 |
2018-12-01 | $256,500 (28.4%) | $348,719 (22.3%) | 0.88 | 206 |
2019-01-01 | $245,750 (23.2%) | $319,062 (11.3%) | 0.85 | 200 |
2019-02-01 | $249,675 (24.3%) | $329,387 (2.6%) | 0.84 | 192 |
2019-03-01 | $262,500 (25.0%) | $348,854 (4.9%) | 0.86 | 173 |
2019-04-01 | $284,925 (24.3%) | $362,494 (4.3%) | 0.90 | 156 |
2019-05-01 | $277,000 (17.9%) | $362,614 (4.0%) | 0.87 | 172 |
2019-06-01 | $279,450 (11.8%) | $357,821 (-12.7%) | 0.87 | 203 |
2019-07-01 | $275,000 (8.1%) | $360,302 (-8.6%) | 0.86 | 236 |
2019-08-01 | $270,882 (9.1%) | $352,737 (-7.7%) | 0.86 | 261 |
2019-09-01 | $264,705 (4.8%) | $337,862 (-10.9%) | 0.85 | 298 |
2019-10-01 | $262,361 (5.4%) | $328,569 (-9.1%) | 0.85 | 329 |
2019-11-01 | $264,950 (6.0%) | $332,003 (-3.1%) | 0.87 | 327 |
2019-12-01 | $250,000 (-2.5%) | $325,383 (-6.7%) | 0.83 | 299 |
2020-01-01 | $249,950 (1.7%) | $327,025 (2.5%) | 0.84 | 301 |
2020-02-01 | $259,950 (4.1%) | $319,141 (-3.1%) | 0.85 | 294 |
2020-03-01 | $263,750 (0.5%) | $316,872 (-9.2%) | 0.83 | 315 |
2020-04-01 | $254,925 (-10.5%) | $316,362 (-12.7%) | 0.80 | 359 |
2020-05-01 | $259,900 (-6.2%) | $313,932 (-13.4%) | 0.79 | 374 |
2020-06-01 | $264,675 (-5.3%) | $337,862 (-5.6%) | 0.78 | 385 |
2020-07-01 | $259,950 (-5.5%) | $342,261 (-5.0%) | 0.75 | 407 |
2020-08-01 | $259,900 (-4.1%) | $335,929 (-4.8%) | 0.74 | 432 |
2020-09-01 | $247,300 (-6.6%) | $318,122 (-5.8%) | 0.71 | 453 |
2020-10-01 | $239,000 (-8.9%) | $307,701 (-6.4%) | 0.68 | 473 |
2020-11-01 | $230,000 (-13.2%) | $294,973 (-11.2%) | 0.67 | 532 |
2020-12-01 | $229,948 (-8.0%) | $299,410 (-8.0%) | 0.68 | 546 |
2021-01-01 | $225,000 (-10.0%) | $286,597 (-12.4%) | 0.67 | 537 |
2021-02-01 | $225,000 (-13.4%) | $285,041 (-10.7%) | 0.66 | 546 |
2021-03-01 | $229,000 (-13.2%) | $291,652 (-8.0%) | 0.65 | 549 |
2021-04-01 | $238,188 (-6.6%) | $290,984 (-8.0%) | 0.64 | 535 |
2021-05-01 | $239,000 (-8.0%) | $296,616 (-5.5%) | 0.64 | 530 |
2021-06-01 | $234,725 (-11.3%) | $292,443 (-13.4%) | 0.62 | 520 |
2021-07-01 | $238,000 (-8.4%) | $302,335 (-11.7%) | 0.63 | 537 |
2021-08-01 | $236,500 (-9.0%) | $308,262 (-8.2%) | 0.63 | 551 |
2021-09-01 | $237,450 (-4.0%) | $307,285 (-3.4%) | 0.63 | 558 |
2021-10-01 | $230,000 (-3.8%) | $302,659 (-1.6%) | 0.61 | 520 |
2021-11-01 | $232,425 (1.1%) | $289,794 (-1.8%) | 0.62 | 538 |
2021-12-01 | $227,875 (-0.9%) | $290,573 (-3.0%) | 0.61 | 499 |
2022-01-01 | $232,450 (3.3%) | $303,937 (6.1%) | 0.62 | 442 |
2022-02-01 | $242,475 (7.8%) | $311,338 (9.2%) | 0.62 | 413 |
2022-03-01 | $247,975 (8.3%) | $309,755 (6.2%) | 0.61 | 380 |
2022-04-01 | $260,000 (9.2%) | $324,323 (11.5%) | 0.61 | 375 |
2022-05-01 | $256,875 (7.5%) | $329,106 (11.0%) | 0.59 | 406 |
2022-06-01 | $257,175 (9.6%) | $322,473 (10.3%) | 0.57 | 459 |
2022-07-01 | $259,900 (9.2%) | $319,527 (5.7%) | 0.59 | 482 |
2022-08-01 | $257,038 (8.7%) | $323,623 (5.0%) | 0.60 | 497 |
2022-09-01 | $262,325 (10.5%) | $331,462 (7.9%) | 0.61 | 487 |
2022-10-01 | $255,000 (10.9%) | $324,777 (7.3%) | 0.60 | 496 |
2022-11-01 | $257,000 (10.6%) | $320,905 (10.7%) | 0.62 | 477 |
2022-12-01 | $260,000 (14.1%) | $315,831 (8.7%) | 0.64 | 432 |
2023-01-01 | $264,569 (13.8%) | $313,483 (3.1%) | 0.66 | 393 |
2023-02-01 | $258,975 (6.8%) | $330,513 (6.2%) | 0.63 | 370 |
2023-03-01 | $268,500 (8.3%) | $339,888 (9.7%) | 0.63 | 330 |
2023-04-01 | $276,000 (6.2%) | $343,874 (6.0%) | 0.64 | 315 |
2023-05-01 | $289,500 (12.7%) | $351,356 (6.8%) | 0.66 | 301 |
2023-06-01 | $285,500 (11.0%) | $346,067 (7.3%) | 0.64 | 313 |
2023-07-01 | $279,900 (7.7%) | $337,645 (5.7%) | 0.64 | 303 |
2023-08-01 | $285,000 (10.9%) | $336,561 (4.0%) | 0.65 | 302 |
2023-09-01 | $285,000 (8.6%) | $335,721 (1.3%) | 0.66 | 299 |
2023-10-01 | $297,000 (16.5%) | $341,076 (5.0%) | 0.70 | 322 |
2023-11-01 | $299,950 (16.7%) | $349,170 (8.8%) | 0.71 | 320 |
2023-12-01 | $301,090 (15.8%) | $367,460 (16.4%) | 0.00 | 294 |
2024-01-01 | $312,750 (18.2%) | $382,357 (22.0%) | 0.00 | 277 |
2024-02-01 | $315,071 (21.7%) | $371,758 (12.5%) | 0.00 | 261 |
2024-03-01 | $322,585 (20.1%) | $390,107 (14.8%) | 0.00 | 249 |
2024-04-01 | $324,950 (17.7%) | $391,335 (13.8%) | 0.00 | 239 |
2024-05-01 | $315,000 (8.8%) | $397,910 (13.3%) | 0.00 | 241 |
2024-06-01 | $315,000 (10.3%) | $387,814 (12.1%) | 0.00 | 268 |
2024-07-01 | $298,250 (6.6%) | $369,990 (9.6%) | 0.00 | 279 |
2024-08-01 | $299,990 (5.3%) | $367,333 (9.1%) | 0.00 | 309 |
2024-09-01 | $297,488 (4.4%) | $351,502 (4.7%) | 0.00 | 313 |
Odessa's median listing price comes in at 0% of the national average.
Odessa's average listing price for 2024-09-01 was $351,502, a difference of $15,781 (4.7%) versus the prior year and $-15,831 versus the prior month.
For the 2024-09-01 period, Odessa had 313 MLS listings, a difference of 4 listings (1%) versus the prior month and 14 listings (5%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Odessa (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 62 days | 1,893 sqft |
2018-02-01 | 56 days | 1,983 sqft |
2018-03-01 | 32 days | 1,984 sqft |
2018-04-01 | 31 days | 2,043 sqft |
2018-05-01 | 26 days | 2,097 sqft |
2018-06-01 | 42 days | 2,139 sqft |
2018-07-01 | 39 days | 2,075 sqft |
2018-08-01 | 40 days | 2,058 sqft |
2018-09-01 | 38 days | 2,061 sqft |
2018-10-01 | 36 days | 2,032 sqft |
2018-11-01 | 37 days | 2,027 sqft |
2018-12-01 | 49 days | 2,041 sqft |
2019-01-01 | 51 days | 2,038 sqft |
2019-02-01 | 42 days | 2,029 sqft |
2019-03-01 | 33 days | 2,103 sqft |
2019-04-01 | 29 days | 2,209 sqft |
2019-05-01 | 33 days | 2,161 sqft |
2019-06-01 | 34 days | 2,165 sqft |
2019-07-01 | 34 days | 2,168 sqft |
2019-08-01 | 38 days | 2,111 sqft |
2019-09-01 | 40 days | 2,046 sqft |
2019-10-01 | 42 days | 2,009 sqft |
2019-11-01 | 53 days | 2,067 sqft |
2019-12-01 | 73 days | 2,051 sqft |
2020-01-01 | 73 days | 1,979 sqft |
2020-02-01 | 61 days | 1,981 sqft |
2020-03-01 | 47 days | 1,999 sqft |
2020-04-01 | 48 days | 1,996 sqft |
2020-05-01 | 57 days | 1,951 sqft |
2020-06-01 | 54 days | 1,996 sqft |
2020-07-01 | 55 days | 1,989 sqft |
2020-08-01 | 49 days | 1,943 sqft |
2020-09-01 | 51 days | 1,872 sqft |
2020-10-01 | 55 days | 1,847 sqft |
2020-11-01 | 53 days | 1,827 sqft |
2020-12-01 | 64 days | 1,823 sqft |
2021-01-01 | 74 days | 1,782 sqft |
2021-02-01 | 69 days | 1,805 sqft |
2021-03-01 | 61 days | 1,821 sqft |
2021-04-01 | 57 days | 1,856 sqft |
2021-05-01 | 57 days | 1,873 sqft |
2021-06-01 | 58 days | 1,817 sqft |
2021-07-01 | 57 days | 1,800 sqft |
2021-08-01 | 60 days | 1,832 sqft |
2021-09-01 | 64 days | 1,850 sqft |
2021-10-01 | 67 days | 1,824 sqft |
2021-11-01 | 70 days | 1,844 sqft |
2021-12-01 | 71 days | 1,832 sqft |
2022-01-01 | 72 days | 1,853 sqft |
2022-02-01 | 63 days | 1,866 sqft |
2022-03-01 | 46 days | 1,839 sqft |
2022-04-01 | 45 days | 1,840 sqft |
2022-05-01 | 44 days | 1,822 sqft |
2022-06-01 | 42 days | 1,818 sqft |
2022-07-01 | 44 days | 1,872 sqft |
2022-08-01 | 53 days | 1,870 sqft |
2022-09-01 | 59 days | 1,892 sqft |
2022-10-01 | 60 days | 1,839 sqft |
2022-11-01 | 63 days | 1,879 sqft |
2022-12-01 | 73 days | 1,896 sqft |
2023-01-01 | 69 days | 1,867 sqft |
2023-02-01 | 50 days | 1,885 sqft |
2023-03-01 | 51 days | 1,916 sqft |
2023-04-01 | 50 days | 1,978 sqft |
2023-05-01 | 46 days | 2,018 sqft |
2023-06-01 | 46 days | 2,022 sqft |
2023-07-01 | 53 days | 2,020 sqft |
2023-08-01 | 49 days | 2,053 sqft |
2023-09-01 | 50 days | 2,052 sqft |
2023-10-01 | 49 days | 2,033 sqft |
2023-11-01 | 49 days | 2,032 sqft |
2023-12-01 | 0 days | 2,070 sqft |
2024-01-01 | 0 days | 2,039 sqft |
2024-02-01 | 0 days | 2,077 sqft |
2024-03-01 | 0 days | 2,104 sqft |
2024-04-01 | 0 days | 2,104 sqft |
2024-05-01 | 0 days | 2,086 sqft |
2024-06-01 | 0 days | 2,053 sqft |
2024-07-01 | 0 days | 1,961 sqft |
2024-08-01 | 0 days | 1,977 sqft |
2024-09-01 | 0 days | 1,875 sqft |
Odessa's median square footage for active listings during the 2024-09-01 period was 1,875 sqft. One year prior, the average listing was 2,052 sqft.