ODESSA Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Odessa averaged
6.61%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.53% and
one month ago for the week of 2023-04-20, the
average rate was 6.53%.
Odessa's average rate one year ago was 4.99%.
For refis of the same type during the week of 2023-05-25, the average rate
was 6.04%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| Odessa 30 Year Fixed Rate | 2023-05-25 | 6.61% |
| Odessa 30 Year Fixed Rate Refi | 2023-05-25 | 6.04% |
| Odessa 15 Year Fixed Rate | 2023-05-25 | 5.87% |
| Odessa 15 Year Fixed Rate Refi | 2023-05-25 | 6.07% |
| Odessa 30 Year FHA | 2023-05-25 | 6.2% |
| Odessa 30 Year FHA Refi | 2023-05-25 | 6.71% |
| Odessa 30 Year USDA | 2023-05-25 | 6.73% |
| Odessa 30 Year USDA Refi | 2023-05-25 | 6.43% |
| Odessa 30 Year VA | 2023-05-25 | 6.05% |
| Odessa 30 Year VA Refi | 2023-05-25 | 6.41% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within ODESSA, TX.
ODESSA 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 ODESSA, 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.).
ODESSA Average Closing Costs & Other Stats
ODESSA, TX's 134 lenders originated 3,085
loans during 2022. The total origination value was $683,085,000, with an average loan value of
$221,421.
ODESSA's average closing costs are $6,940.
The top ODESSA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with
97 loans originated. Their average total fees are
$7,692, which is $1,287
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee ODESSA lenders (with over 10 loans originated) are
EVERETT FINANCIAL, INC. ($3,262), Prosperity Bank ($3,750), DHI MORTGAGE COMPANY, LTD. ($4,592), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($4,636) and CERTAINTY HOME LOANS, LLC ($4,994).
The lowest rate ODESSA lenders (with over 10 loans originated) are
Citizens Bank (4.34%), DHI MORTGAGE COMPANY, LTD. (4.39%), LRS FINANCIAL NETWORK, INC. (4.58%), Southwest Bank (4.80%) and Wells Fargo Bank (4.84%).
ODESSA, 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 |
|---|---|---|---|---|
| DHI MORTGAGE COMPANY, LTD. | $38,090,000 | $67,410,000 | 77.0% | 9.9% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $79,540,000 | $55,095,000 | -30.7% | 8.1% |
| AMCAP MORTGAGE, LTD. | $36,010,000 | $33,840,000 | -6.0% | 5.0% |
| QUICKEN LOANS, LLC | $55,095,000 | $26,660,000 | -51.6% | 3.9% |
| NATIONS RELIABLE LENDING, LLC | $31,345,000 | $24,865,000 | -20.7% | 3.6% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $6,455,000 | $22,485,000 | 248.3% | 3.3% |
| Complex Community Federal Credit Union | $16,160,000 | $22,105,000 | 36.8% | 3.2% |
| 21ST MORTGAGE CORPORATION | $20,845,000 | $20,385,000 | -2.2% | 3.0% |
| Community National Bank | $20,895,000 | $19,985,000 | -4.4% | 2.9% |
| CERTAINTY HOME LOANS, LLC | $4,800,000 | $19,845,000 | 313.4% | 2.9% |
| Southwest Bank | $31,415,000 | $19,490,000 | -38.0% | 2.9% |
| EVERETT FINANCIAL, INC. | $4,990,000 | $18,130,000 | 263.3% | 2.7% |
| CBRE MULTIFAMILY CAPITAL, INC. | $17,690,000 | n/a | 2.6% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $9,205,000 | $14,660,000 | 59.3% | 2.1% |
| Nations Lending Corporation | $14,520,000 | $14,545,000 | 0.2% | 2.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $5,735,000 | $14,155,000 | 146.8% | 2.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $22,870,000 | $14,115,000 | -38.3% | 2.1% |
| Mortgage Research Center, LLC | $7,875,000 | $9,600,000 | 21.9% | 1.4% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,155,000 | $8,890,000 | 669.7% | 1.3% |
| SFMC, LP | $17,630,000 | $8,395,000 | -52.4% | 1.2% |
| Gateway First Bank | $32,155,000 | $8,300,000 | -74.2% | 1.2% |
| Wells Fargo Bank | $18,910,000 | $8,030,000 | -57.5% | 1.2% |
| FBC MORTGAGE, LLC | $27,825,000 | $6,875,000 | -75.3% | 1.0% |
| PENNYMAC LOAN SERVICES, LLC | $12,760,000 | $6,520,000 | -48.9% | 1.0% |
| LIMA ONE CAPITAL, LLC | $660,000 | $6,160,000 | 833.3% | 0.9% |
| LOANDEPOT.COM, LLC | $7,185,000 | $5,840,000 | -18.7% | 0.9% |
| Citizens Bank | $8,155,000 | $5,825,000 | -28.6% | 0.9% |
| First Bank & Trust | $3,900,000 | $5,070,000 | 30.0% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $15,870,000 | $5,030,000 | -68.3% | 0.7% |
| GUARANTEED RATE, INC. | $2,485,000 | $4,950,000 | 99.2% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $41,200,000 | $4,915,000 | -88.1% | 0.7% |
| Waterstone Mortgage Corporation | $1,445,000 | $4,805,000 | 232.5% | 0.7% |
| LRS FINANCIAL NETWORK, INC. | $5,040,000 | $4,505,000 | -10.6% | 0.7% |
| Prosperity Bank | $5,920,000 | $4,135,000 | -30.2% | 0.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,735,000 | $3,905,000 | -17.5% | 0.6% |
| INFINITY MORTGAGE HOLDINGS, LLC | $20,100,000 | $3,865,000 | -80.8% | 0.6% |
| SOUTHWEST STAGE FUNDING, LLC | $2,825,000 | $3,135,000 | 11.0% | 0.5% |
| Century Mortgage Company DBA Century Lending Company | $3,085,000 | n/a | 0.5% | |
| American Bank of Commerce | $3,050,000 | n/a | 0.4% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $275,000 | $2,860,000 | 940.0% | 0.4% |
| Paramount Residential Mortgage Group, Inc. | $2,355,000 | $2,760,000 | 17.2% | 0.4% |
| LOANPAL, LLC | $9,700,000 | $2,740,000 | -71.8% | 0.4% |
| Bank of America | $3,660,000 | $2,515,000 | -31.3% | 0.4% |
| City Bank | $4,230,000 | $2,490,000 | -41.1% | 0.4% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $870,000 | $2,385,000 | 174.1% | 0.3% |
| TRIAD FINANCIAL SERVICES, INC. | $1,950,000 | $2,370,000 | 21.5% | 0.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,440,000 | $2,330,000 | 61.8% | 0.3% |
| Arbor Realty Trust, Inc. | $2,285,000 | n/a | 0.3% | |
| T2 FINANCIAL LLC | $2,270,000 | n/a | 0.3% | |
| JPMorgan Chase Bank | $5,345,000 | $2,200,000 | -58.8% | 0.3% |
| BROKER SOLUTIONS, INC. | $2,610,000 | $2,180,000 | -16.5% | 0.3% |
| First Basin Credit Union | $2,105,000 | n/a | 0.3% | |
| DIRECTIONS EQUITY, LLC | $2,015,000 | n/a | 0.3% | |
| CROSSCOUNTRY MORTGAGE, LLC | $2,065,000 | $2,000,000 | -3.1% | 0.3% |
| Frost Bank | $765,000 | $1,955,000 | 155.6% | 0.3% |
| General Mortgage Capital Corporation | $1,890,000 | n/a | 0.3% | |
| First Guaranty Mortgage Corporation | $2,595,000 | $1,885,000 | -27.4% | 0.3% |
| Lakeview Community Capital, LLC | $5,540,000 | $1,845,000 | -66.7% | 0.3% |
| MID AMERICA MORTGAGE, INC. | $1,465,000 | $1,830,000 | 24.9% | 0.3% |
| Flagstar Bank, FSB | $570,000 | $1,825,000 | 220.2% | 0.3% |
| Truist | $1,625,000 | $1,785,000 | 9.8% | 0.3% |
| Carrington Mortgage Services, LLC | $895,000 | $1,665,000 | 86.0% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $10,905,000 | $1,630,000 | -85.1% | 0.2% |
| CHEVRON | $1,100,000 | $1,600,000 | 45.5% | 0.2% |
| NEWREZ LLC | $5,325,000 | $1,595,000 | -70.0% | 0.2% |
| NATIONS DIRECT MORTGAGE, LLC | $2,030,000 | $1,585,000 | -21.9% | 0.2% |
| HOME POINT FINANCIAL CORPORATION | $3,545,000 | $1,575,000 | -55.6% | 0.2% |
| FLAT BRANCH MORTGAGE, INC. | $1,545,000 | n/a | 0.2% | |
| FirstCapital Bank of Texas | $1,665,000 | $1,520,000 | -8.7% | 0.2% |
| CMG MORTGAGE, INC. | $2,390,000 | $1,490,000 | -37.7% | 0.2% |
| Network Funding, L.P. | $1,140,000 | $1,430,000 | 25.4% | 0.2% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,415,000 | n/a | 0.2% | |
| NAVY FEDERAL CREDIT UNION | $2,155,000 | $1,415,000 | -34.3% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $1,110,000 | $1,395,000 | 25.7% | 0.2% |
| ACADEMY MORTGAGE CORPORATION | $1,040,000 | $1,360,000 | 30.8% | 0.2% |
| PLANET HOME LENDING, LLC | $3,155,000 | $1,315,000 | -58.3% | 0.2% |
| The Huntington National Bank | $1,300,000 | n/a | 0.2% | |
| ROYAL UNITED MORTGAGE LLC | $525,000 | $1,205,000 | 129.5% | 0.2% |
| The First National Bank of McGregor | $1,200,000 | n/a | 0.2% | |
| CALIBER HOME LOANS, INC. | $6,470,000 | $1,155,000 | -82.1% | 0.2% |
| U.S. Bank | $1,920,000 | $1,095,000 | -43.0% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $3,595,000 | $1,050,000 | -70.8% | 0.2% |
| GUILD MORTGAGE COMPANY | $5,410,000 | $1,045,000 | -80.7% | 0.2% |
| First Financial Bank | $2,285,000 | $1,030,000 | -54.9% | 0.2% |
| Republic State Mortgage Co. | $1,390,000 | $980,000 | -29.5% | 0.1% |
| THRIVE MORTGAGE, LLC | $2,050,000 | $915,000 | -55.4% | 0.1% |
| GENEVA FINANCIAL, LLC | $1,505,000 | $845,000 | -43.9% | 0.1% |
| Loan Simple, Inc. | $915,000 | $835,000 | -8.7% | 0.1% |
| Ally Bank | $1,450,000 | $825,000 | -43.1% | 0.1% |
| SIRVA MORTGAGE, INC. | $945,000 | $815,000 | -13.8% | 0.1% |
| ZILLOW HOME LOANS, LLC | $810,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $5,485,000 | $800,000 | -85.4% | 0.1% |
| A&D Mortgage LLC | $260,000 | $755,000 | 190.4% | 0.1% |
| United Community Bank | $755,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $3,635,000 | $750,000 | -79.4% | 0.1% |
| OPEN MORTGAGE, LLC | $850,000 | $740,000 | -12.9% | 0.1% |
| TEXAS TECH | $365,000 | $730,000 | 100.0% | 0.1% |
| PHH Mortgage Corporation | $1,255,000 | $725,000 | -42.2% | 0.1% |
| GREAT WESTERN FINANCIAL SERVICES, INC. | $1,715,000 | $715,000 | -58.3% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $295,000 | $715,000 | 142.4% | 0.1% |
| American Momentum Bank | $250,000 | $675,000 | 170.0% | 0.1% |
| AmeriHome Mortgage Company, LLC | $2,500,000 | $675,000 | -73.0% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $665,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $3,170,000 | $655,000 | -79.3% | 0.1% |
| Bank of England | $1,205,000 | $645,000 | -46.5% | 0.1% |
| AMERICAN FINANCING CORPORATION | $400,000 | $620,000 | 55.0% | 0.1% |
| NBKC BANK | $265,000 | $620,000 | 134.0% | 0.1% |
| USAA Federal Savings Bank | $1,685,000 | $605,000 | -64.1% | 0.1% |
| NexBank | $1,240,000 | $600,000 | -51.6% | 0.1% |
| DAS Acquisition Company, LLC | $1,035,000 | $590,000 | -43.0% | 0.1% |
| First National Bank of America | $570,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $540,000 | n/a | 0.1% | |
| AMERICAN ADVISORS GROUP | $475,000 | $530,000 | 11.6% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $520,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $1,105,000 | $520,000 | -52.9% | 0.1% |
| SOUTHWEST FUNDING, LP | $1,350,000 | $520,000 | -61.5% | 0.1% |
| Discover Bank | $130,000 | $515,000 | 296.2% | 0.1% |
| KELLER MORTGAGE, LLC | $1,305,000 | $515,000 | -60.5% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,990,000 | $505,000 | -74.6% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $470,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $455,000 | n/a | 0.1% | |
| Farm Credit Mid-America, ACA | $445,000 | n/a | 0.1% | |
| AMWEST FUNDING CORP. | $440,000 | n/a | 0.1% | |
| CITYWIDE HOME LOANS, LLC | $435,000 | n/a | 0.1% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $400,000 | $430,000 | 7.5% | 0.1% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $205,000 | $420,000 | 104.9% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $415,000 | n/a | 0.1% | |
| Wyndham Capital Mortgage, Inc. | $410,000 | n/a | 0.1% | |
| ARC HOME LLC | $545,000 | $385,000 | -29.4% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $485,000 | $385,000 | -20.6% | 0.1% |
| BETTER MORTGAGE CORPORATION | $5,130,000 | $380,000 | -92.6% | 0.1% |
| SUMMIT FUNDING, INC. | $255,000 | $355,000 | 39.2% | 0.1% |
| LENDSURE MORTGAGE CORP. | $350,000 | n/a | 0.1% | |
| Baxter Credit Union | $195,000 | $340,000 | 74.4% | 0.0% |
| INTERLINC MORTGAGE SERVICES, LLC | $1,840,000 | $340,000 | -81.5% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $305,000 | $335,000 | 9.8% | 0.0% |
| Commerce Home Mortgage, Inc. | $595,000 | $330,000 | -44.5% | 0.0% |
| Metro City Bank | $195,000 | $325,000 | 66.7% | 0.0% |
| The American National Bank of Texas | $325,000 | n/a | 0.0% | |
| CORNERSTONE HOME LENDING, INC. | $370,000 | $305,000 | -17.6% | 0.0% |
| Hometown Lenders, Inc. | $285,000 | $305,000 | 7.0% | 0.0% |
| ON Q FINANCIAL, INC. | $195,000 | $300,000 | 53.8% | 0.0% |
| Sabine State Bank and Trust Company | $295,000 | n/a | 0.0% | |
| TJC Mortgage, Inc. | $295,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $125,000 | $285,000 | 128.0% | 0.0% |
| COUNTRYPLACE MORTGAGE, LTD. | $650,000 | $280,000 | -56.9% | 0.0% |
| HOMESPIRE MORTGAGE CORPORATION | $275,000 | n/a | 0.0% | |
| MORTGAGE FINANCIAL SERVICES, LLC | $880,000 | $275,000 | -68.8% | 0.0% |
| SECURITY SERVICE | $230,000 | $275,000 | 19.6% | 0.0% |
| Morgan Stanley Private Bank | $270,000 | n/a | 0.0% | |
| M&T Bank | $65,000 | $270,000 | 315.4% | 0.0% |
| BEST FINANCE CAPITAL, INC. | $265,000 | n/a | 0.0% | |
| Citizens Bank of Las Cruces | $265,000 | n/a | 0.0% | |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $575,000 | $265,000 | -53.9% | 0.0% |
| Goldwater Bank, N.A. | $205,000 | $265,000 | 29.3% | 0.0% |
| LOANPEOPLE, LLC | $265,000 | n/a | 0.0% | |
| OAKTREE FUNDING CORP. | $265,000 | n/a | 0.0% | |
| RBC Bank, (Georgia) | $215,000 | $265,000 | 23.3% | 0.0% |
| CSL Financial, LLC | $755,000 | $260,000 | -65.6% | 0.0% |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $255,000 | n/a | 0.0% | |
| First Mortgage Solutions, LLC | $325,000 | $255,000 | -21.5% | 0.0% |
| First United Bank | $255,000 | n/a | 0.0% | |
| KeyBank | $255,000 | n/a | 0.0% | |
| MLD MORTGAGE INC. | $255,000 | n/a | 0.0% | |
| NFM, INC. | $255,000 | n/a | 0.0% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,495,000 | $255,000 | -82.9% | 0.0% |
| V.I.P. MORTGAGE, INC. | $420,000 | $255,000 | -39.3% | 0.0% |
| RANLIFE, INC. | $245,000 | n/a | 0.0% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $450,000 | $240,000 | -46.7% | 0.0% |
| S1L, Inc. | $915,000 | $240,000 | -73.8% | 0.0% |
| ENDEAVOR CAPITAL, LLC. | $235,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $235,000 | n/a | 0.0% | |
| Strong Home Mortgage, LLC | $245,000 | $235,000 | -4.1% | 0.0% |
| Christensen Financial, Inc. | $225,000 | n/a | 0.0% | |
| Citizens 1st Bank | $225,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $225,000 | $225,000 | 0.0% | 0.0% |
| Credit Union of Texas | $225,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $225,000 | n/a | 0.0% | |
| Hawthorn Bank | $225,000 | n/a | 0.0% | |
| PANORAMA MORTGAGE GROUP, LLC | $225,000 | n/a | 0.0% | |
| Extraco Banks | $215,000 | n/a | 0.0% | |
| First Home Bank | $215,000 | n/a | 0.0% | |
| First Horizon Bank | $215,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP. | $320,000 | $215,000 | -32.8% | 0.0% |
| ENVOY MORTGAGE, LTD | $205,000 | n/a | 0.0% | |
| JAMES B. NUTTER & COMPANY | $205,000 | n/a | 0.0% | |
| EECU | $235,000 | $195,000 | -17.0% | 0.0% |
| First Bank | $325,000 | $195,000 | -40.0% | 0.0% |
| RB MORTGAGE LLC | $245,000 | $195,000 | -20.4% | 0.0% |
| SCHLUMBERGER EMPLOYEES CREDIT UNION | $400,000 | $195,000 | -51.3% | 0.0% |
| BOKF | $510,000 | $190,000 | -62.7% | 0.0% |
| NEXERA HOLDING LLC | $185,000 | n/a | 0.0% | |
| Sunflower Bank | $185,000 | n/a | 0.0% | |
| UNION HOME MORTGAGE CORP. | $230,000 | $185,000 | -19.6% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $185,000 | n/a | 0.0% | |
| FirstBank | $110,000 | $180,000 | 63.6% | 0.0% |
| NORWICH COMMERCIAL GROUP, INC. | $180,000 | n/a | 0.0% | |
| First National Bank Texas | $400,000 | $165,000 | -58.8% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $125,000 | $165,000 | 32.0% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $155,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $145,000 | n/a | 0.0% | |
| STOCKTON MORTGAGE CORPORATION | $145,000 | n/a | 0.0% | |
| Veritex Community Bank | $1,735,000 | $145,000 | -91.6% | 0.0% |
| Advisors Mortgage Group, L.L.C. | $135,000 | n/a | 0.0% | |
| ASPIRE FINANCIAL, INC. | $135,000 | n/a | 0.0% | |
| FIRST STATE MORTGAGE SERVICES, LLC | $135,000 | n/a | 0.0% | |
| The First National Bank of Granbury | $135,000 | n/a | 0.0% | |
| Citibank | $125,000 | n/a | 0.0% | |
| INTERCAP LENDING INC. | $125,000 | n/a | 0.0% | |
| Magnolia Bank | $135,000 | $125,000 | -7.4% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $125,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $90,000 | $120,000 | 33.3% | 0.0% |
| Texas Mortgage Lending, LLC | $205,000 | $115,000 | -43.9% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $105,000 | n/a | 0.0% | |
| ANGEL OAK HOME LOANS LLC | $965,000 | $105,000 | -89.1% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $985,000 | $65,000 | -93.4% | 0.0% |
| First United Bank and Trust Company | $145,000 | $65,000 | -55.2% | 0.0% |
| Secured Investment Corp. | $115,000 | $65,000 | -43.5% | 0.0% |
| Third Coast Bank SSB | $65,000 | n/a | 0.0% | |
| LEGEND LENDING CORPORATION | $55,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $55,000 | n/a | 0.0% | |
| RANDOLPH-BROOKS | $75,000 | $15,000 | -80.0% | 0.0% |
ODESSA's top lender by overall market share is DHI MORTGAGE COMPANY, LTD., with 9.9% market share. In second place, with 8.1%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $55,095,000 in loans. In third place, with 5.0%, is AMCAP MORTGAGE, LTD., having originated $33,840,000 in loans. In fourth place, with 3.9%, is QUICKEN LOANS, LLC, having originated $26,660,000 in loans. In fifth place, with 3.6%, is NATIONS RELIABLE LENDING, LLC, having originated $24,865,000 in loans.
ODESSA Housing Market Trends (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 | $199,450 (14.0%) | $297,541 (18.6%) | 0.74 | 217 |
| 2018-02-01 | $200,950 (12.2%) | $333,924 (30.9%) | 0.73 | 184 |
| 2018-03-01 | $211,000 (12.6%) | $345,295 (36.2%) | 0.74 | 164 |
| 2018-04-01 | $229,250 (22.0%) | $361,708 (47.1%) | 0.78 | 160 |
| 2018-05-01 | $235,000 (23.8%) | $360,537 (42.5%) | 0.78 | 185 |
| 2018-06-01 | $254,500 (34.0%) | $423,071 (63.0%) | 0.85 | 163 |
| 2018-07-01 | $256,750 (35.2%) | $406,712 (58.9%) | 0.86 | 177 |
| 2018-08-01 | $248,200 (29.6%) | $387,918 (44.2%) | 0.83 | 185 |
| 2018-09-01 | $252,500 (32.0%) | $379,235 (40.2%) | 0.85 | 195 |
| 2018-10-01 | $249,000 (31.6%) | $361,344 (28.1%) | 0.84 | 212 |
| 2018-11-01 | $249,900 (25.0%) | $342,633 (18.9%) | 0.85 | 219 |
| 2018-12-01 | $256,500 (28.4%) | $348,719 (18.5%) | 0.88 | 206 |
| 2019-01-01 | $245,750 (23.2%) | $319,062 (7.2%) | 0.85 | 200 |
| 2019-02-01 | $249,675 (24.3%) | $329,387 (-1.4%) | 0.84 | 192 |
| 2019-03-01 | $255,000 (20.9%) | $341,489 (-1.1%) | 0.85 | 170 |
| 2019-04-01 | $284,925 (24.3%) | $362,573 (0.2%) | 0.90 | 156 |
| 2019-05-01 | $277,000 (17.9%) | $362,614 (0.6%) | 0.87 | 172 |
| 2019-06-01 | $279,450 (9.8%) | $357,821 (-15.4%) | 0.87 | 203 |
| 2019-07-01 | $275,000 (7.1%) | $360,302 (-11.4%) | 0.86 | 236 |
| 2019-08-01 | $279,000 (12.4%) | $353,252 (-8.9%) | 0.87 | 253 |
| 2019-09-01 | $279,900 (10.9%) | $346,669 (-8.6%) | 0.88 | 267 |
| 2019-10-01 | $264,450 (6.2%) | $328,085 (-9.2%) | 0.85 | 332 |
| 2019-11-01 | $265,000 (6.0%) | $331,983 (-3.1%) | 0.87 | 328 |
| 2019-12-01 | $250,000 (-2.5%) | $325,383 (-6.7%) | 0.83 | 299 |
| 2020-01-01 | $249,950 (1.7%) | $326,875 (2.5%) | 0.84 | 301 |
| 2020-02-01 | $260,000 (4.1%) | $318,978 (-3.2%) | 0.85 | 296 |
| 2020-03-01 | $265,000 (3.9%) | $316,850 (-7.2%) | 0.83 | 316 |
| 2020-04-01 | $254,925 (-10.5%) | $316,113 (-12.8%) | 0.80 | 359 |
| 2020-05-01 | $259,900 (-6.2%) | $313,736 (-13.5%) | 0.79 | 374 |
| 2020-06-01 | $263,225 (-5.8%) | $337,604 (-5.7%) | 0.78 | 382 |
| 2020-07-01 | $259,950 (-5.5%) | $342,039 (-5.1%) | 0.75 | 404 |
| 2020-08-01 | $259,025 (-7.2%) | $335,795 (-4.9%) | 0.74 | 428 |
| 2020-09-01 | $246,700 (-11.9%) | $317,982 (-8.3%) | 0.71 | 452 |
| 2020-10-01 | $239,000 (-9.6%) | $307,759 (-6.2%) | 0.68 | 473 |
| 2020-11-01 | $230,000 (-13.2%) | $294,906 (-11.2%) | 0.67 | 531 |
| 2020-12-01 | $229,945 (-8.0%) | $299,352 (-8.0%) | 0.68 | 545 |
| 2021-01-01 | $225,000 (-10.0%) | $286,597 (-12.3%) | 0.67 | 536 |
| 2021-02-01 | $225,000 (-13.5%) | $285,041 (-10.6%) | 0.65 | 546 |
| 2021-03-01 | $227,500 (-14.2%) | $291,594 (-8.0%) | 0.65 | 548 |
| 2021-04-01 | $238,000 (-6.6%) | $290,954 (-8.0%) | 0.64 | 535 |
| 2021-05-01 | $239,000 (-8.0%) | $296,616 (-5.5%) | 0.63 | 530 |
| 2021-06-01 | $234,725 (-10.8%) | $292,443 (-13.4%) | 0.62 | 520 |
| 2021-07-01 | $238,000 (-8.4%) | $302,527 (-11.6%) | 0.63 | 535 |
| 2021-08-01 | $236,500 (-8.7%) | $308,484 (-8.1%) | 0.63 | 549 |
| 2021-09-01 | $237,450 (-3.8%) | $307,534 (-3.3%) | 0.63 | 556 |
| 2021-10-01 | $230,000 (-3.8%) | $302,590 (-1.7%) | 0.61 | 519 |
| 2021-11-01 | $229,950 (0.0%) | $289,408 (-1.9%) | 0.61 | 536 |
| 2021-12-01 | $225,625 (-1.9%) | $290,222 (-3.1%) | 0.61 | 497 |
| 2022-01-01 | $230,000 (2.2%) | $303,705 (6.0%) | 0.62 | 440 |
| 2022-02-01 | $240,125 (6.7%) | $309,923 (8.7%) | 0.62 | 408 |
| 2022-03-01 | $245,225 (7.8%) | $307,887 (5.6%) | 0.61 | 375 |
| 2022-04-01 | $254,910 (7.1%) | $323,179 (11.1%) | 0.61 | 368 |
| 2022-05-01 | $257,450 (7.7%) | $329,329 (11.0%) | 0.59 | 404 |
| 2022-06-01 | $255,975 (9.1%) | $323,028 (10.5%) | 0.57 | 458 |
| 2022-07-01 | $259,900 (9.2%) | $319,305 (5.6%) | 0.59 | 481 |
| 2022-08-01 | $256,750 (8.6%) | $323,372 (4.8%) | 0.59 | 497 |
| 2022-09-01 | $262,012 (10.3%) | $331,465 (7.8%) | 0.61 | 487 |
| 2022-10-01 | $255,000 (10.9%) | $324,275 (7.2%) | 0.60 | 496 |
| 2022-11-01 | $257,000 (11.8%) | $320,623 (10.8%) | 0.62 | 477 |
| 2022-12-01 | $260,000 (15.2%) | $315,760 (8.8%) | 0.64 | 434 |
| 2023-01-01 | $264,950 (15.2%) | $313,410 (3.2%) | 0.66 | 393 |
| 2023-02-01 | $258,975 (7.9%) | $330,513 (6.6%) | 0.62 | 370 |
| 2023-03-01 | $268,500 (9.5%) | $339,888 (10.4%) | 0.63 | 330 |
| 2023-04-01 | $275,000 (7.9%) | $343,981 (6.4%) | 0.64 | 315 |
ODESSA's median listing price for 2023-04-01 was $275,000, a difference of
$20,090
(7.9%) versus the prior year and
$6,500 versus the prior month.
ODESSA's median listing price comes in at 64% of the national average.
ODESSA's average listing price for 2023-04-01 was $343,981, a difference of $20,802 (6.4%) versus the prior year and $4,093 versus the prior month.
For the 2023-04-01 period, ODESSA had 315 MLS listings, a difference of -15 listings (-5%) versus the prior month and -53 listings (-14%) versus the prior year.
ODESSA's median listing price comes in at 64% of the national average.
ODESSA's average listing price for 2023-04-01 was $343,981, a difference of $20,802 (6.4%) versus the prior year and $4,093 versus the prior month.
For the 2023-04-01 period, ODESSA had 315 MLS listings, a difference of -15 listings (-5%) versus the prior month and -53 listings (-14%) 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 | 64 days | 1,893 sqft |
| 2018-02-01 | 56 days | 1,983 sqft |
| 2018-03-01 | 33 days | 1,984 sqft |
| 2018-04-01 | 33 days | 2,043 sqft |
| 2018-05-01 | 27 days | 2,099 sqft |
| 2018-06-01 | 42 days | 2,140 sqft |
| 2018-07-01 | 41 days | 2,082 sqft |
| 2018-08-01 | 41 days | 2,058 sqft |
| 2018-09-01 | 39 days | 2,061 sqft |
| 2018-10-01 | 36 days | 2,032 sqft |
| 2018-11-01 | 38 days | 2,027 sqft |
| 2018-12-01 | 50 days | 2,041 sqft |
| 2019-01-01 | 52 days | 2,038 sqft |
| 2019-02-01 | 45 days | 2,029 sqft |
| 2019-03-01 | 34 days | 2,133 sqft |
| 2019-04-01 | 31 days | 2,209 sqft |
| 2019-05-01 | 34 days | 2,161 sqft |
| 2019-06-01 | 36 days | 2,165 sqft |
| 2019-07-01 | 34 days | 2,168 sqft |
| 2019-08-01 | 40 days | 2,080 sqft |
| 2019-09-01 | 51 days | 2,067 sqft |
| 2019-10-01 | 43 days | 2,005 sqft |
| 2019-11-01 | 53 days | 2,067 sqft |
| 2019-12-01 | 73 days | 2,051 sqft |
| 2020-01-01 | 73 days | 1,978 sqft |
| 2020-02-01 | 63 days | 1,977 sqft |
| 2020-03-01 | 48 days | 1,999 sqft |
| 2020-04-01 | 49 days | 1,994 sqft |
| 2020-05-01 | 57 days | 1,951 sqft |
| 2020-06-01 | 57 days | 1,998 sqft |
| 2020-07-01 | 56 days | 1,990 sqft |
| 2020-08-01 | 50 days | 1,944 sqft |
| 2020-09-01 | 52 days | 1,872 sqft |
| 2020-10-01 | 57 days | 1,850 sqft |
| 2020-11-01 | 54 days | 1,826 sqft |
| 2020-12-01 | 65 days | 1,822 sqft |
| 2021-01-01 | 75 days | 1,782 sqft |
| 2021-02-01 | 72 days | 1,805 sqft |
| 2021-03-01 | 65 days | 1,819 sqft |
| 2021-04-01 | 60 days | 1,858 sqft |
| 2021-05-01 | 58 days | 1,873 sqft |
| 2021-06-01 | 60 days | 1,817 sqft |
| 2021-07-01 | 58 days | 1,800 sqft |
| 2021-08-01 | 61 days | 1,832 sqft |
| 2021-09-01 | 65 days | 1,850 sqft |
| 2021-10-01 | 68 days | 1,824 sqft |
| 2021-11-01 | 71 days | 1,836 sqft |
| 2021-12-01 | 73 days | 1,829 sqft |
| 2022-01-01 | 73 days | 1,851 sqft |
| 2022-02-01 | 67 days | 1,853 sqft |
| 2022-03-01 | 48 days | 1,828 sqft |
| 2022-04-01 | 47 days | 1,838 sqft |
| 2022-05-01 | 46 days | 1,822 sqft |
| 2022-06-01 | 43 days | 1,818 sqft |
| 2022-07-01 | 45 days | 1,868 sqft |
| 2022-08-01 | 57 days | 1,870 sqft |
| 2022-09-01 | 60 days | 1,885 sqft |
| 2022-10-01 | 63 days | 1,839 sqft |
| 2022-11-01 | 65 days | 1,879 sqft |
| 2022-12-01 | 73 days | 1,896 sqft |
| 2023-01-01 | 72 days | 1,866 sqft |
| 2023-02-01 | 51 days | 1,885 sqft |
| 2023-03-01 | 52 days | 1,916 sqft |
| 2023-04-01 | 52 days | 1,980 sqft |
ODESSA's median listing age (time on market) for 2023-04-01 was 52 days.
This
is 12%
longer
than the same period one year ago.
ODESSA's median square footage for active listings during the 2023-04-01 period was 1,980 sqft. One year prior, the average listing was 1,838 sqft.
ODESSA's median square footage for active listings during the 2023-04-01 period was 1,980 sqft. One year prior, the average listing was 1,838 sqft.
ODESSA, 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 |
|---|---|---|---|---|---|---|
| 79707 | Odessa, TX | $1,200 | $1,200 | $1,480 | $1,830 | $2,530 |
| 79741 | Odessa, TX | $870 | $920 | $1,210 | $1,500 | $1,740 |
| 79758 | Odessa, TX | $1,010 | $1,020 | $1,260 | $1,560 | $2,120 |
| 79759 | Odessa, TX | $820 | $860 | $1,130 | $1,400 | $1,670 |
| 79760 | Odessa, TX | $890 | $930 | $1,230 | $1,520 | $1,770 |
| 79761 | Odessa, TX | $810 | $860 | $1,130 | $1,400 | $1,670 |
| 79762 | Odessa, TX | $950 | $1,000 | $1,320 | $1,630 | $1,900 |
| 79763 | Odessa, TX | $820 | $870 | $1,140 | $1,410 | $1,670 |
| 79764 | Odessa, TX | $870 | $920 | $1,210 | $1,500 | $1,740 |
| 79765 | Odessa, TX | $1,270 | $1,320 | $1,710 | $2,110 | $2,590 |
| 79766 | Odessa, TX | $1,010 | $1,020 | $1,260 | $1,560 | $2,120 |
| 79768 | Odessa, TX | $890 | $930 | $1,230 | $1,520 | $1,770 |
| 79769 | Odessa, TX | $890 | $930 | $1,230 | $1,520 | $1,770 |
2022 Average & Median Rent Data Statistics
ODESSA, TX average 1BR rent: $983, median: $930
ODESSA, TX average 2BR rent: $1,272, median: $1,230
ODESSA, TX average 3BR rent: $1,574, median: $1,520
ODESSA, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,485 | $574,715,000 | $231,274 |
| Refi | 281 | $54,895,000 | $195,356 |
| Cash Out Refi | 229 | $41,945,000 | $183,166 |
| Home Improvement | 70 | $8,140,000 | $116,286 |
| Other | 20 | $3,390,000 | $169,500 |
Odessa's most frequently cited loan purpose was Home Purchase, with 2,485 originations. The 2nd most popular reason was Refi, with 281 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 774 | $183,870,000 | $237,558 |
| 4-5% | 647 | $168,115,000 | $259,838 |
| 3-4% | 457 | $106,015,000 | $231,980 |
| 6-7% | 388 | $84,410,000 | $217,552 |
| Over 8% | 174 | $28,070,000 | $161,322 |
| 7-8% | 172 | $32,640,000 | $189,767 |
| 2.5-3% | 125 | $28,655,000 | $229,240 |
| <2.5% | 122 | $6,040,000 | $49,508 |
During 2022, Odessa's most frequently originated rate bucket was 5-6%, with 774 originations.
Loan Sizing (ODESSA, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,599 | $425,805,000 | $266,295 |
| $100k-200k | 977 | $151,605,000 | $155,174 |
| $100,000 or less | 391 | $22,005,000 | $56,279 |
| $400k-600k | 93 | $42,065,000 | $452,312 |
| $600k-1000k | 17 | $12,265,000 | $721,471 |
| $Over $1MM | 8 | $29,340,000 | $3,667,500 |
ODESSA's loan sizing saw the bucket of loans from $200k-400k with 1,599 originations, totaling $425,805,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,054 | $478,670,000 | $233,043 |
| 60-80% | 472 | $102,050,000 | $216,208 |
| 40-60% | 123 | $38,415,000 | $312,317 |
| Under 20% | 116 | $1,000,000 | $8,621 |
| 20-40% | 42 | $3,990,000 | $95,000 |
| Over 100% | 37 | $9,915,000 | $267,973 |
ODESSA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,054 originations, totaling $478,670,000 in origination value.