Odessa USDA Loans

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 5.62% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.66% and one month ago for the week of 2022-04-08, the average rate was 5.32%.

The average rate one year ago was 3.33%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.18%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Odessa USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Odessa level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees

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. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $204,200 (13.5%) $310,892 (15.5%) 0.75 254
2018-02-01 $212,500 (14.9%) $356,919 (30.7%) 0.77 217
2018-03-01 $230,000 (19.2%) $386,877 (42.5%) 0.80 186
2018-04-01 $252,450 (28.8%) $408,557 (53.8%) 0.85 184
2018-05-01 $259,950 (32.5%) $407,270 (51.2%) 0.87 211
2018-06-01 $287,500 (46.9%) $462,856 (64.4%) 0.96 203
2018-07-01 $281,833 (44.5%) $431,506 (54.1%) 0.94 214
2018-08-01 $285,950 (43.1%) $431,749 (40.4%) 0.96 222
2018-09-01 $270,600 (35.4%) $403,910 (30.8%) 0.91 242
2018-10-01 $266,000 (33.2%) $384,021 (22.8%) 0.89 271
2018-11-01 $259,450 (25.3%) $354,797 (12.0%) 0.87 265
2018-12-01 $270,000 (35.1%) $372,319 (19.4%) 0.92 249
2019-01-01 $267,450 (31.0%) $368,400 (18.5%) 0.92 242
2019-02-01 $267,450 (25.9%) $370,219 (3.7%) 0.90 234
2019-03-01 $289,229 (25.8%) $384,169 (-0.7%) 0.94 212
2019-04-01 $324,450 (28.5%) $407,613 (-0.2%) 1.02 205
2019-05-01 $324,404 (24.8%) $433,116 (6.4%) 1.00 226
2019-06-01 $315,000 (9.6%) $438,871 (-5.2%) 0.97 275
2019-07-01 $326,750 (15.9%) $438,145 (1.5%) 1.02 303
2019-08-01 $319,100 (11.6%) $420,252 (-2.7%) 1.00 325
2019-09-01 $299,925 (10.8%) $393,038 (-2.7%) 0.95 364
2019-10-01 $296,250 (11.4%) $383,417 (-0.2%) 0.95 421
2019-11-01 $293,000 (12.9%) $381,167 (7.4%) 0.95 432
2019-12-01 $294,875 (9.2%) $370,547 (-0.5%) 0.98 400
2020-01-01 $284,950 (6.5%) $366,782 (-0.4%) 0.95 392
2020-02-01 $294,000 (9.9%) $363,356 (-1.9%) 0.95 395
2020-03-01 $291,950 (0.9%) $357,927 (-6.8%) 0.91 426
2020-04-01 $284,950 (-12.2%) $349,796 (-14.2%) 0.89 472
2020-05-01 $279,900 (-13.7%) $341,826 (-21.1%) 0.85 499
2020-06-01 $281,000 (-10.8%) $357,711 (-18.5%) 0.82 510
2020-07-01 $279,900 (-14.3%) $360,609 (-17.7%) 0.80 537
2020-08-01 $275,000 (-13.8%) $353,549 (-15.9%) 0.79 561
2020-09-01 $262,450 (-12.5%) $338,533 (-13.9%) 0.75 586
2020-10-01 $254,900 (-14.0%) $329,365 (-14.1%) 0.73 622
2020-11-01 $240,000 (-18.1%) $313,161 (-17.8%) 0.69 686
2020-12-01 $240,000 (-18.6%) $311,707 (-15.9%) 0.70 702
2021-01-01 $235,000 (-17.5%) $298,123 (-18.7%) 0.69 690
2021-02-01 $237,450 (-19.2%) $297,351 (-18.2%) 0.68 700
2021-03-01 $240,000 (-17.8%) $304,203 (-15.0%) 0.67 701
2021-04-01 $243,950 (-14.4%) $301,680 (-13.8%) 0.66 685
2021-05-01 $249,900 (-10.7%) $312,078 (-8.7%) 0.66 675
2021-06-01 $244,000 (-13.2%) $311,236 (-13.0%) 0.63 656
2021-07-01 $245,000 (-12.5%) $318,476 (-11.7%) 0.64 689
2021-08-01 $242,500 (-11.8%) $329,477 (-6.8%) 0.64 693
2021-09-01 $245,000 (-6.7%) $325,819 (-3.8%) 0.64 693
2021-10-01 $244,900 (-3.9%) $320,128 (-2.8%) 0.64 663
2021-11-01 $242,500 (1.0%) $309,730 (-1.1%) 0.64 687
2021-12-01 $245,000 (2.1%) $308,822 (-0.9%) 0.65 636
2022-01-01 $255,000 (8.5%) $331,330 (11.1%) 0.68 567
2022-02-01 $262,450 (10.5%) $337,214 (13.4%) 0.67 539
2022-03-01 $272,450 (13.5%) $338,058 (11.1%) 0.67 470
2022-04-01 $283,155 (16.1%) $348,671 (15.6%) 0.67 480
Odessa's median listing price for 2022-04-01 was $283,155, a difference of $39,205 (16.1%) versus the prior year and $10,705 versus the prior month.

Odessa's median listing price comes in at 67% of the national average.

Odessa's average listing price for 2022-04-01 was $348,671, a difference of $46,991 (15.6%) versus the prior year and $10,613 versus the prior month.

For the 2022-04-01 period, Odessa had 480 MLS listings, a difference of 10 listings (2%) versus the prior month and -205 listings (-30%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Odessa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 65 days 1,949 sqft
2018-02-01 63 days 2,066 sqft
2018-03-01 36 days 2,140 sqft
2018-04-01 30 days 2,153 sqft
2018-05-01 29 days 2,251 sqft
2018-06-01 41 days 2,400 sqft
2018-07-01 42 days 2,353 sqft
2018-08-01 40 days 2,298 sqft
2018-09-01 35 days 2,216 sqft
2018-10-01 36 days 2,122 sqft
2018-11-01 41 days 2,079 sqft
2018-12-01 55 days 2,089 sqft
2019-01-01 61 days 2,096 sqft
2019-02-01 50 days 2,100 sqft
2019-03-01 34 days 2,221 sqft
2019-04-01 30 days 2,346 sqft
2019-05-01 35 days 2,336 sqft
2019-06-01 37 days 2,338 sqft
2019-07-01 40 days 2,335 sqft
2019-08-01 38 days 2,275 sqft
2019-09-01 44 days 2,201 sqft
2019-10-01 43 days 2,212 sqft
2019-11-01 50 days 2,217 sqft
2019-12-01 68 days 2,235 sqft
2020-01-01 72 days 2,095 sqft
2020-02-01 63 days 2,089 sqft
2020-03-01 48 days 2,069 sqft
2020-04-01 49 days 2,064 sqft
2020-05-01 56 days 2,045 sqft
2020-06-01 53 days 2,049 sqft
2020-07-01 53 days 2,026 sqft
2020-08-01 49 days 2,014 sqft
2020-09-01 49 days 1,960 sqft
2020-10-01 52 days 1,908 sqft
2020-11-01 53 days 1,872 sqft
2020-12-01 63 days 1,863 sqft
2021-01-01 74 days 1,828 sqft
2021-02-01 70 days 1,846 sqft
2021-03-01 60 days 1,855 sqft
2021-04-01 56 days 1,884 sqft
2021-05-01 52 days 1,920 sqft
2021-06-01 57 days 1,866 sqft
2021-07-01 56 days 1,862 sqft
2021-08-01 58 days 1,867 sqft
2021-09-01 63 days 1,874 sqft
2021-10-01 63 days 1,864 sqft
2021-11-01 65 days 1,867 sqft
2021-12-01 68 days 1,865 sqft
2022-01-01 67 days 1,890 sqft
2022-02-01 60 days 1,919 sqft
2022-03-01 50 days 1,900 sqft
2022-04-01 44 days 1,900 sqft
Odessa's median listing age (time on market) for 2022-04-01 was 44 days. This is -21% shorter than the same period one year ago.

Odessa's median square footage for active listings during the 2022-04-01 period was 1,900 sqft. One year prior, the average listing was 1,884 sqft.