ODESSA Mortgage Rates

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Odessa averaged 5.91% for the week of 2022-05-12, compared to the national average of 5.3% for the same period.

The average rate for the prior week (2022-05-05) was 5.58% and one month ago for the week of 2022-04-07, the average rate was 4.93%.

Odessa's average rate one year ago was 3.38%.

For refis of the same type during the week of 2022-05-12, the average rate was 5.53%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-05-12 5.3%
Odessa 30 Year Fixed Rate 2022-05-12 5.91%
Odessa 30 Year Fixed Rate Refi 2022-05-12 5.53%
Odessa 15 Year Fixed Rate 2022-05-12 5.17%
Odessa 15 Year Fixed Rate Refi 2022-05-12 4.99%
Odessa 30 Year FHA 2022-05-12 5.51%
Odessa 30 Year FHA Refi 2022-05-12 5.58%
Odessa 30 Year USDA 2022-05-12 4.56%
Odessa 30 Year VA 2022-05-12 5.77%
Odessa 30 Year VA Refi 2022-05-12 5.41%
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 lendor, 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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
PRIMELENDING, A PLAINSCAPITAL COMPANY 167 3.42% $5,311
QUICKEN LOANS, LLC 101 3.13% $5,066
NATIONS RELIABLE LENDING, LLC 50 3.19% $5,139
Wells Fargo Bank 46 3.16% $3,908
ARK-LA-TEX FINANCIAL SERVICES, LLC. 42 3.42% $4,538
Southwest Bank 41 3.16% $4,753
AMCAP MORTGAGE, LTD. 39 3.32% $6,055
DHI MORTGAGE COMPANY, LTD. 37 2.99% $4,215
Nations Lending Corporation 31 3.17% $6,048
Gateway First Bank 30 3.22% $4,162
LOANPAL, LLC 22 3.37% $6,791
SFMC, LP 22 3.28% $6,343
FBC MORTGAGE, LLC 22 3.27% $5,778
INFINITY MORTGAGE HOLDINGS, LLC 21 3.06% $5,437
Mr. Cooper ( Nationstar Mortgage ) 20 3.44% $5,612
Citizens Bank 19 3.18% $4,944
AMERISAVE MORTGAGE CORPORATION 16 3.13% $5,105
JPMorgan Chase Bank 15 3.30% $3,402
LRS FINANCIAL NETWORK, INC. 15 2.98% $4,629
Prosperity Bank 15 3.29% $3,578
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 14 3.37% $5,061
PENNYMAC LOAN SERVICES, LLC 13 3.23% $5,798
LOANDEPOT.COM, LLC 12 3.30% $5,202
UNITED WHOLESALE MORTGAGE, LLC 12 2.97% $6,170
SECURITYNATIONAL MORTGAGE COMPANY 12 3.50% $5,487
CALIBER HOME LOANS, INC. 11 3.52% $4,247
BETTER MORTGAGE CORPORATION 10 3.00% $4,701
Paramount Residential Mortgage Group, Inc. 10 2.93% $8,016
CERTAINTY HOME LOANS, LLC 10 3.50% $4,874
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 3.09% $5,915
GUILD MORTGAGE COMPANY 8 3.30% $6,128
U.S. Bank 7 3.05% $2,979
BROKER SOLUTIONS, INC. 7 3.19% $5,053
HOMESIDE FINANCIAL, LLC 6 3.21% $6,873
GREAT WESTERN FINANCIAL SERVICES, INC. 6 3.23% $4,217
City Bank 6 3.15% $4,541
FREEDOM MORTGAGE CORPORATION 6 3.29% $2,269
First Financial Bank 5 2.80% $5,239
NEWREZ LLC 5 3.00% $4,864
CROSSCOUNTRY MORTGAGE, LLC 5 3.20% $6,552
KELLER MORTGAGE, LLC 5 3.18% $3,934
Bank of America 5 2.93% $2,796
HOME POINT FINANCIAL CORPORATION 5 3.15% $4,091
First Bank & Trust 5 3.28% $6,985
EVERETT FINANCIAL, INC. 4 3.44% $3,558
GENEVA FINANCIAL, LLC 4 3.25% $5,421
First Guaranty Mortgage Corporation 4 2.88% $3,421
CHURCHILL MORTGAGE CORPORATION 4 3.12% $3,769
NAVY FEDERAL CREDIT UNION 3 4.04% $4,359
Network Funding, L.P. 3 3.17% $5,890
Ally Bank 3 2.96% $7,559
NexBank 3 2.88% $4,990
PHH Mortgage Corporation 3 3.67% $6,135
PREMIA MORTGAGE, LLC 3 3.12% $1,036
MOVEMENT MORTGAGE, LLC 3 3.15% $3,350
PROVIDENT FUNDING ASSOCIATES, L.P. 3 2.83% $3,951
CHEVRON 3 2.88% $3,853
GUARANTEED RATE, INC. 3 3.42% $10,702
JMAC LENDING, INC. 3 3.42% $8,655
CMG MORTGAGE, INC. 3 3.08% $5,378
BOKF 2 3.50% $4,824
Truist Bank 2 3.45% $4,253
AmeriHome Mortgage Company, LLC 2 3.06% $4,725
Evolve Bank & Trust 2 3.19% $4,159
Happy State Bank 2 3.00% $3,232
SIRVA MORTGAGE, INC. 2 3.50% $3,356
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 3.12% $4,977
AMERICAN FINANCING CORPORATION 2 3.25% $5,962
SCHLUMBERGER EMPLOYEES CREDIT UNION 2 3.31% $2,653
EUSTIS AND AMERICAN MORTGAGE COMPANY 2 3.06% $4,022
ROYAL UNITED MORTGAGE LLC 2 3.38% $8,083
Carrington Mortgage Services, LLC 2 4.56% $3,758
Bank of England 2 3.13% $4,139
InterContinental Capital Group, Inc 2 2.94% $4,817
A&D Mortgage LLC 2 4.50% $6,530
DAS Acquisition Company, LLC 2 4.31% $9,931
Axos Bank 2 2.87% $5,157
Flagstar Bank, FSB 2 4.00% $4,566
Waterstone Mortgage Corporation 2 3.50% $4,535
Loan Simple, Inc. 2 1.88% $2,476
WILLOW BEND MORTGAGE COMPANY, LLC 1 3.38% $6,577
AgFirst Farm Credit Bank 1 3.13% $5,224
Amarillo National Bank 1 3.88% $3,788
American Momentum Bank 1 3.50% $4,148
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.25% $4,584
ANGEL OAK HOME LOANS LLC 1 6.13% $18,249
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 6.25% $7,392
Arvest Bank 1 3.00% $3,492
Assurance Financial Group, L.L.C. 1 3.25% $6,944
Austin Capital Bank SSB 1 2.99% $5,270
BAY EQUITY LLC 1 2.75% $4,220
BBVA USA 1 2.38% $4,545
CHERRY CREEK MORTGAGE, LLC 1 3.13% $248
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 3.75% $4,856
Colonial Savings, F.A. 1 3.38% $1,441
Colten Mortgage, LLC 1 2.99% $3,576
COMMUNITY MORTGAGE FUNDING, LLC 1 3.63% $3,932
CORNERSTONE HOME LENDING, INC. 1 2.88% $4,285
DIGITAL Federal Credit Union 1 3.13% $3,204
DRAPER AND KRAMER MORTGAGE CORP. 1 3.25% $4,153
EECU 1 3.25% $5,857
First Mortgage Solutions, LLC 1 2.63% $3,986
First National Bank of Omaha 1 3.13% $3,650
First National Bank Texas 1 2.88% $3,689
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.25% $4,094
Hometown Lenders, Inc. 1 2.99% $5,452
HOMETRUST MORTGAGE COMPANY 1 3.13% $8,130
HOMEWAY MORTGAGE LLC 1 2.99% $5,160
LADERA LENDING, INC. 1 2.88% $7,621
LEADERONE FINANCIAL CORPORATION 1 3.63% $4,992
Manufacturers and Traders Trust Company 1 3.63% $3,502
MID AMERICA MORTGAGE, INC. 1 2.88% $2,827
MORTGAGE FINANCIAL SERVICES, LLC 1 2.75% $3,116
Mortgage Research Center, LLC 1 2.25% $3,891
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.25% $2,451
NBKC BANK 1 3.13% $3,553
NEW DAY FINANCIAL, LLC 1 2.99% $2,467
NMSI, INC. 1 4.25% $6,895
NOVA FINANCIAL & INVESTMENT CORPORATION 1 3.49% $5,450
OPEN MORTGAGE, LLC 1 2.75% $4,915
Plains Commerce Bank 1 3.25% $3,914
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.88% $5,018
RBC Bank, (Georgia) 1 3.13% $2,759
Regions Bank 1 3.00% $4,598
RELIANCE FIRST CAPITAL, LLC 1 3.50% $4,453
RESIDENTIAL BANCORP. 1 2.75% $3,298
S1L, Inc. 1 2.25% $9,238
SECURITY SERVICE 1 4.50% $2,611
Strong Home Mortgage, LLC 1 2.88% $1,202
SWBC MORTGAGE CORPORATION 1 3.13% $5,998
Texas Bank and Trust Company 1 4.38% $3,951
TEXAS DOW EMPLOYEES CREDIT UNION 1 3.00% $4,477
Texas Mortgage Lending, LLC 1 2.75% $3,707
TEXAS TRUST 1 2.88% $1,800
The Federal Savings Bank 1 3.13% $4,592
THRIVE MORTGAGE, LLC 1 3.13% $4,546
Truity Federal Credit Union 1 3.13% $2,250
USAA Federal Savings Bank 1 3.00% $3,907
V.I.P. MORTGAGE, INC. 1 2.87% $3,104
Wallick & Volk, Inc. 1 4.38% $3,145
WESTERN EXPRESS LENDING 1 2.99% $5,523
21ST MORTGAGE CORPORATION 1 5.80% $8,010

ODESSA, TX's 142 lenders originated 4,156 loans during 2021. The total origination value was $845,430,000, with an average loan value of $203,424.

The top ODESSA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 167 loans originated. Their average total fees are $5,311, which is $245 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee ODESSA lenders (with over 10 loans originated) are JPMorgan Chase Bank ($3,402), Prosperity Bank ($3,578), Wells Fargo Bank ($3,908), Gateway First Bank ($4,162) and DHI MORTGAGE COMPANY, LTD. ($4,215).

The lowest rate ODESSA lenders (with over 10 loans originated) are Paramount Residential Mortgage Group, Inc. (2.93%), UNITED WHOLESALE MORTGAGE, LLC (2.97%), LRS FINANCIAL NETWORK, INC. (2.98%), DHI MORTGAGE COMPANY, LTD. (2.99%) and BETTER MORTGAGE CORPORATION (3.00%).

ODESSA, TX Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
PRIMELENDING, A PLAINSCAPITAL COMPANY $73,915,000 $79,540,000 7.6% 9.4%
QUICKEN LOANS, LLC $59,675,000 $55,095,000 -7.7% 6.5%
FREEDOM MORTGAGE CORPORATION $49,115,000 $41,200,000 -16.1% 4.9%
DHI MORTGAGE COMPANY, LTD. $37,230,000 $38,090,000 2.3% 4.5%
AMCAP MORTGAGE, LTD. $35,150,000 $36,010,000 2.4% 4.3%
Gateway First Bank $29,795,000 $32,155,000 7.9% 3.8%
Southwest Bank $27,510,000 $31,415,000 14.2% 3.7%
NATIONS RELIABLE LENDING, LLC $32,485,000 $31,345,000 -3.5% 3.7%
FBC MORTGAGE, LLC $38,680,000 $27,825,000 -28.1% 3.3%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $32,520,000 $22,870,000 -29.7% 2.7%
Community National Bank $19,355,000 $20,895,000 8.0% 2.5%
21ST MORTGAGE CORPORATION $28,360,000 $20,845,000 -26.5% 2.5%
INFINITY MORTGAGE HOLDINGS, LLC $6,145,000 $20,100,000 227.1% 2.4%
Wells Fargo Bank $11,755,000 $18,910,000 60.9% 2.2%
SFMC, LP $29,080,000 $17,630,000 -39.4% 2.1%
Complex Community Federal Credit Union $18,315,000 $16,160,000 -11.8% 1.9%
Mr. Cooper ( Nationstar Mortgage ) $21,020,000 $15,870,000 -24.5% 1.9%
Nations Lending Corporation $8,745,000 $14,520,000 66.0% 1.7%
PENNYMAC LOAN SERVICES, LLC $7,910,000 $12,760,000 61.3% 1.5%
LAKEVIEW LOAN SERVICING, LLC $9,590,000 $10,905,000 13.7% 1.3%
LOANPAL, LLC $10,460,000 $9,700,000 -7.3% 1.1%
SECURITYNATIONAL MORTGAGE COMPANY $2,675,000 $9,205,000 244.1% 1.1%
Citizens Bank $7,020,000 $8,155,000 16.2% 1.0%
Mortgage Research Center, LLC $6,450,000 $7,875,000 22.1% 0.9%
LOANDEPOT.COM, LLC $6,070,000 $7,185,000 18.4% 0.8%
CALIBER HOME LOANS, INC. $4,825,000 $6,470,000 34.1% 0.8%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $5,690,000 $6,455,000 13.4% 0.8%
Prosperity Bank $4,595,000 $5,920,000 28.8% 0.7%
UNITED WHOLESALE MORTGAGE, LLC $8,135,000 $5,735,000 -29.5% 0.7%
Lakeview Community Capital, LLC $4,675,000 $5,540,000 18.5% 0.7%
HOMEBRIDGE FINANCIAL SERVICES, INC. $5,025,000 $5,495,000 9.4% 0.6%
AMERISAVE MORTGAGE CORPORATION $4,040,000 $5,485,000 35.8% 0.6%
GUILD MORTGAGE COMPANY $6,525,000 $5,410,000 -17.1% 0.6%
JPMorgan Chase Bank $10,830,000 $5,345,000 -50.6% 0.6%
NEWREZ LLC $4,325,000 $5,325,000 23.1% 0.6%
BETTER MORTGAGE CORPORATION $665,000 $5,130,000 671.4% 0.6%
LRS FINANCIAL NETWORK, INC. $9,220,000 $5,040,000 -45.3% 0.6%
EVERETT FINANCIAL, INC. $22,040,000 $4,990,000 -77.4% 0.6%
CERTAINTY HOME LOANS, LLC $410,000 $4,800,000 1,070.7% 0.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,100,000 $4,735,000 15.5% 0.6%
City Bank $1,180,000 $4,230,000 258.5% 0.5%
First Bank & Trust $2,305,000 $3,900,000 69.2% 0.5%
Bank of America $4,270,000 $3,660,000 -14.3% 0.4%
VILLAGE CAPITAL & INVESTMENT LLC $2,120,000 $3,635,000 71.5% 0.4%
CHURCHILL MORTGAGE CORPORATION $1,940,000 $3,595,000 85.3% 0.4%
HOME POINT FINANCIAL CORPORATION $1,680,000 $3,545,000 111.0% 0.4%
HOMESIDE FINANCIAL, LLC $3,170,000 n/a 0.4%
PLANET HOME LENDING, LLC $5,755,000 $3,155,000 -45.2% 0.4%
SOUTHWEST STAGE FUNDING, LLC $5,205,000 $2,825,000 -45.7% 0.3%
BROKER SOLUTIONS, INC. $2,840,000 $2,610,000 -8.1% 0.3%
First Guaranty Mortgage Corporation $1,830,000 $2,595,000 41.8% 0.3%
AmeriHome Mortgage Company, LLC $5,345,000 $2,500,000 -53.2% 0.3%
GUARANTEED RATE, INC. $920,000 $2,485,000 170.1% 0.3%
CMG MORTGAGE, INC. $1,825,000 $2,390,000 31.0% 0.3%
Paramount Residential Mortgage Group, Inc. $535,000 $2,355,000 340.2% 0.3%
First Financial Bank $1,830,000 $2,285,000 24.9% 0.3%
NAVY FEDERAL CREDIT UNION $1,210,000 $2,155,000 78.1% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $1,485,000 $2,065,000 39.1% 0.2%
THRIVE MORTGAGE, LLC $245,000 $2,050,000 736.7% 0.2%
NATIONS DIRECT MORTGAGE, LLC $4,235,000 $2,030,000 -52.1% 0.2%
SUN WEST MORTGAGE COMPANY, INC. $1,345,000 $1,990,000 48.0% 0.2%
TRIAD FINANCIAL SERVICES, INC. $895,000 $1,950,000 117.9% 0.2%
U.S. Bank $4,630,000 $1,920,000 -58.5% 0.2%
INTERLINC MORTGAGE SERVICES, LLC $1,605,000 $1,840,000 14.6% 0.2%
Veritex Community Bank $1,735,000 n/a 0.2%
GREAT WESTERN FINANCIAL SERVICES, INC. $330,000 $1,715,000 419.7% 0.2%
USAA Federal Savings Bank $4,300,000 $1,685,000 -60.8% 0.2%
FirstCapital Bank of Texas $290,000 $1,665,000 474.1% 0.2%
Truist Bank $2,295,000 $1,625,000 -29.2% 0.2%
BBVA USA $360,000 $1,615,000 348.6% 0.2%
InterContinental Capital Group, Inc $3,210,000 $1,540,000 -52.0% 0.2%
GENEVA FINANCIAL, LLC $215,000 $1,505,000 600.0% 0.2%
PROVIDENT FUNDING ASSOCIATES, L.P. $185,000 $1,495,000 708.1% 0.2%
MID AMERICA MORTGAGE, INC. $3,580,000 $1,465,000 -59.1% 0.2%
Ally Bank $1,290,000 $1,450,000 12.4% 0.2%
Waterstone Mortgage Corporation $75,000 $1,445,000 1,826.7% 0.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $2,405,000 $1,440,000 -40.1% 0.2%
JMAC LENDING, INC. $330,000 $1,390,000 321.2% 0.2%
Republic State Mortgage Co. $1,555,000 $1,390,000 -10.6% 0.2%
SOUTHWEST FUNDING, LP $3,780,000 $1,350,000 -64.3% 0.2%
CLEARPATH LENDING $2,100,000 $1,330,000 -36.7% 0.2%
The Federal Savings Bank $1,195,000 $1,315,000 10.0% 0.2%
KELLER MORTGAGE, LLC $1,420,000 $1,305,000 -8.1% 0.2%
PHH Mortgage Corporation $275,000 $1,255,000 356.4% 0.1%
NexBank $685,000 $1,240,000 81.0% 0.1%
Bank of England $1,695,000 $1,205,000 -28.9% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $6,325,000 $1,155,000 -81.7% 0.1%
Network Funding, L.P. $1,275,000 $1,140,000 -10.6% 0.1%
MOVEMENT MORTGAGE, LLC $2,520,000 $1,110,000 -56.0% 0.1%
PREMIA MORTGAGE, LLC $440,000 $1,105,000 151.1% 0.1%
CHEVRON $430,000 $1,100,000 155.8% 0.1%
National Exchange Bank and Trust $1,055,000 n/a 0.1%
ACADEMY MORTGAGE CORPORATION $1,795,000 $1,040,000 -42.1% 0.1%
DAS Acquisition Company, LLC $1,035,000 n/a 0.1%
Amerifirst Financial, Inc. $1,325,000 $1,015,000 -23.4% 0.1%
Barrington Bank & Trust Company, N.A. $215,000 $985,000 358.1% 0.1%
ANGEL OAK HOME LOANS LLC $965,000 n/a 0.1%
SIRVA MORTGAGE, INC. $945,000 n/a 0.1%
Loan Simple, Inc. $915,000 n/a 0.1%
S1L, Inc. $265,000 $915,000 245.3% 0.1%
Carrington Mortgage Services, LLC $3,030,000 $895,000 -70.5% 0.1%
OCEANSIDE MORTGAGE COMPANY $2,510,000 $895,000 -64.3% 0.1%
MORTGAGE FINANCIAL SERVICES, LLC $105,000 $880,000 738.1% 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $870,000 n/a 0.1%
Low VA Rates, LLC $440,000 $850,000 93.2% 0.1%
OPEN MORTGAGE, LLC $280,000 $850,000 203.6% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $1,230,000 $810,000 -34.1% 0.1%
Frost Bank $1,635,000 $765,000 -53.2% 0.1%
CSL Financial, LLC $850,000 $755,000 -11.2% 0.1%
Evolve Bank & Trust $540,000 $740,000 37.0% 0.1%
CHERRY CREEK MORTGAGE, LLC $800,000 $720,000 -10.0% 0.1%
Axos Bank $820,000 $690,000 -15.9% 0.1%
Happy State Bank $610,000 $690,000 13.1% 0.1%
NEW DAY FINANCIAL, LLC $980,000 $675,000 -31.1% 0.1%
ACCELERATE MORTGAGE, LLC $235,000 $660,000 180.9% 0.1%
LIMA ONE CAPITAL, LLC $660,000 n/a 0.1%
COUNTRYPLACE MORTGAGE, LTD. $625,000 $650,000 4.0% 0.1%
LEADERONE FINANCIAL CORPORATION $1,725,000 $625,000 -63.8% 0.1%
SWBC MORTGAGE CORPORATION $270,000 $615,000 127.8% 0.1%
CONTOUR MORTGAGE CORPORATION $355,000 $605,000 70.4% 0.1%
Commerce Home Mortgage, Inc. $670,000 $595,000 -11.2% 0.1%
CITY FIRST MORTGAGE SERVICES, L.L.C. $2,700,000 $575,000 -78.7% 0.1%
Flagstar Bank, FSB $1,305,000 $570,000 -56.3% 0.1%
BAY EQUITY LLC $720,000 $565,000 -21.5% 0.1%
Equity Prime Mortgage LLC $560,000 n/a 0.1%
PNC Bank $145,000 $550,000 279.3% 0.1%
ARC HOME LLC $545,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $1,935,000 $525,000 -72.9% 0.1%
BOKF $415,000 $510,000 22.9% 0.1%
LENDINGHOME FUNDING CORPORATION $155,000 $485,000 212.9% 0.1%
AMERICAN ADVISORS GROUP $460,000 $475,000 3.3% 0.1%
MOUNTAIN WEST FINANCIAL, INC. $400,000 $470,000 17.5% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $105,000 $450,000 328.6% 0.1%
DATA MORTGAGE, INC. $130,000 $440,000 238.5% 0.1%
V.I.P. MORTGAGE, INC. $420,000 n/a 0.0%
Assurance Financial Group, L.L.C. $405,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $145,000 $400,000 175.9% 0.0%
First National Bank Texas $445,000 $400,000 -10.1% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $890,000 $400,000 -55.1% 0.0%
SCHLUMBERGER EMPLOYEES CREDIT UNION $475,000 $400,000 -15.8% 0.0%
CORNERSTONE HOME LENDING, INC. $715,000 $370,000 -48.3% 0.0%
MANN FINANCIAL INC. $365,000 n/a 0.0%
TEXAS TECH $945,000 $365,000 -61.4% 0.0%
Truity Federal Credit Union $355,000 n/a 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $185,000 $340,000 83.8% 0.0%
Amarillo National Bank $205,000 $325,000 58.5% 0.0%
First Bank $325,000 n/a 0.0%
First Mortgage Solutions, LLC $365,000 $325,000 -11.0% 0.0%
RESIDENTIAL BANCORP. $320,000 n/a 0.0%
CIVIC FINANCIAL SERVICES, LLC $305,000 n/a 0.0%
PLAZA HOME MORTGAGE, INC. $805,000 $295,000 -63.4% 0.0%
Texas Bank and Trust Company $295,000 n/a 0.0%
Wallick & Volk, Inc. $295,000 n/a 0.0%
Hometown Lenders, Inc. $285,000 n/a 0.0%
International Bank of Commerce $280,000 n/a 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $255,000 $275,000 7.8% 0.0%
CERTIFIED FUNDING, L.P. $275,000 n/a 0.0%
COMMUNITY MORTGAGE FUNDING, LLC $525,000 $275,000 -47.6% 0.0%
HOMETRUST MORTGAGE COMPANY $275,000 n/a 0.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $265,000 n/a 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $265,000 n/a 0.0%
NBKC BANK $235,000 $265,000 12.8% 0.0%
Reliant Bank $265,000 $265,000 0.0% 0.0%
A&D Mortgage LLC $260,000 n/a 0.0%
Rocky Mountain Mortgage Company $225,000 $260,000 15.6% 0.0%
Community First National Bank $255,000 n/a 0.0%
ROUNDPOINT MORTGAGE SERVICING CORPORATION $1,770,000 $255,000 -85.6% 0.0%
SUMMIT FUNDING, INC. $255,000 n/a 0.0%
American Momentum Bank $2,120,000 $250,000 -88.2% 0.0%
BM Real Estate Services, Inc. $245,000 n/a 0.0%
CLM MORTGAGE, INC $245,000 n/a 0.0%
MEMBER FIRST MORTGAGE, LLC $425,000 $245,000 -42.4% 0.0%
RB MORTGAGE LLC $245,000 n/a 0.0%
Strong Home Mortgage, LLC $245,000 n/a 0.0%
WINGS FINANCIAL $245,000 n/a 0.0%
Arvest Bank $165,000 $235,000 42.4% 0.0%
EECU $470,000 $235,000 -50.0% 0.0%
First National Bank of Omaha $235,000 n/a 0.0%
SECURITY SERVICE $235,000 $230,000 -2.1% 0.0%
UNION HOME MORTGAGE CORP. $875,000 $230,000 -73.7% 0.0%
Colonial Savings, F.A. $665,000 $225,000 -66.2% 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $205,000 $225,000 9.8% 0.0%
HOMEWAY MORTGAGE LLC $225,000 n/a 0.0%
LADERA LENDING, INC. $245,000 $225,000 -8.2% 0.0%
Plains Commerce Bank $225,000 n/a 0.0%
WESTERN EXPRESS LENDING $225,000 n/a 0.0%
Guaranty Bank & Trust, N.A. $215,000 n/a 0.0%
Paramount Bank $215,000 n/a 0.0%
RBC Bank, (Georgia) $215,000 n/a 0.0%
American National Bank & Trust $235,000 $205,000 -12.8% 0.0%
Austin Capital Bank SSB $205,000 n/a 0.0%
BEST CAPITAL FUNDING $455,000 $205,000 -54.9% 0.0%
Goldwater Bank, N.A. $205,000 n/a 0.0%
TEMPLE VIEW CAPITAL FUNDING, LP $205,000 n/a 0.0%
Texas Mortgage Lending, LLC $175,000 $205,000 17.1% 0.0%
VISION ONE MORTGAGE, INC. $205,000 n/a 0.0%
AgFirst Farm Credit Bank $195,000 n/a 0.0%
Baxter Credit Union $195,000 n/a 0.0%
Colten Mortgage, LLC $675,000 $195,000 -71.1% 0.0%
Metro City Bank $195,000 n/a 0.0%
NOVA FINANCIAL & INVESTMENT CORPORATION $195,000 $195,000 0.0% 0.0%
ON Q FINANCIAL, INC. $205,000 $195,000 -4.9% 0.0%
Chicago Mortgage Solutions LLC $185,000 n/a 0.0%
Deere Employees Credit Union $185,000 n/a 0.0%
Regions Bank $185,000 n/a 0.0%
Stifel Bank and Trust $185,000 n/a 0.0%
DIGITAL Federal Credit Union $175,000 n/a 0.0%
FAMILY FIRST FUNDING LLC $175,000 n/a 0.0%
LOANLEADERS OF AMERICA, INC. $205,000 $175,000 -14.6% 0.0%
NP, Inc. $370,000 $175,000 -52.7% 0.0%
PILGRIM MORTGAGE LLC $205,000 $175,000 -14.6% 0.0%
EUSTIS AND AMERICAN MORTGAGE COMPANY $170,000 n/a 0.0%
Independent Bank $165,000 n/a 0.0%
STEARNS LENDING, LLC $305,000 $165,000 -45.9% 0.0%
A+ Federal Credit Union $155,000 n/a 0.0%
NMSI, INC. $155,000 n/a 0.0%
Texana Bank $155,000 n/a 0.0%
TEXAS DOW EMPLOYEES CREDIT UNION $155,000 n/a 0.0%
First United Bank and Trust Company $145,000 n/a 0.0%
Midwest Mortgage Associates Corporation $305,000 $145,000 -52.5% 0.0%
TIB The Independent Bankersbank $145,000 n/a 0.0%
GMFS LLC $135,000 n/a 0.0%
Magnolia Bank $135,000 n/a 0.0%
WILLOW BEND MORTGAGE COMPANY, LLC $135,000 n/a 0.0%
Discover Bank $615,000 $130,000 -78.9% 0.0%
Great Plains National Bank $125,000 n/a 0.0%
RELIANCE FIRST CAPITAL, LLC $500,000 $125,000 -75.0% 0.0%
Watermark Capital, Inc. $125,000 n/a 0.0%
Secured Investment Corp. $115,000 n/a 0.0%
The First Liberty National Bank $115,000 n/a 0.0%
FirstBank $500,000 $110,000 -78.0% 0.0%
LONGBRIDGE FINANCIAL, LLC $105,000 n/a 0.0%
REVERSE MORTGAGE FUNDING LLC $95,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $165,000 $90,000 -45.5% 0.0%
IMPAC MORTGAGE CORP. $85,000 n/a 0.0%
TEXAS TRUST $85,000 n/a 0.0%
TRUWEST Credit Union $85,000 n/a 0.0%
DOMINION FINANCIAL SERVICES, LLC $75,000 n/a 0.0%
RANDOLPH-BROOKS $155,000 $75,000 -51.6% 0.0%
Manufacturers and Traders Trust Company $165,000 $65,000 -60.6% 0.0%
RED RIVER EMPLOYEES $165,000 $65,000 -60.6% 0.0%
Cadence Bank, N.A. $55,000 n/a 0.0%
Bank of Whittier $5,000 n/a 0.0%

ODESSA's top lender by overall market share is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 9.4% market share. In second place, with 6.5%, is QUICKEN LOANS, LLC, having originated $55,095,000 in loans. In third place, with 4.9%, is FREEDOM MORTGAGE CORPORATION, having originated $41,200,000 in loans. In third place, with 4.5%, is DHI MORTGAGE COMPANY, LTD., having originated $38,090,000 in loans. In third place, with 4.3%, is AMCAP MORTGAGE, LTD., having originated $36,010,000 in loans.


ODESSA, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,418 $504,130,000 $208,490
Refi 1,304 $266,420,000 $204,310
Cash Out Refi 336 $64,330,000 $191,458
Home Improvement 86 $8,800,000 $102,326
Other 12 $1,750,000 $145,833

Odessa's most frequently cited loan purpose was Home Purchase, with 2,418 originations. The 2nd most popular reason was Refi, with 1,304 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 1,677 $360,505,000 $214,970
2.5-3% 1,239 $270,995,000 $218,721
<2.5% 494 $95,120,000 $192,551
4-5% 195 $42,215,000 $216,487
Over 8% 146 $14,290,000 $97,877
6-7% 64 $8,580,000 $134,063
5-6% 64 $9,560,000 $149,375
7-8% 38 $3,670,000 $96,579

During 2021, Odessa's most frequently originated rate bucket was 3-4%, with 1,677 originations.

Loan Sizing (ODESSA, TX MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 1,926 $495,010,000 $257,015
$100k-200k 1,676 $263,920,000 $157,470
$100,000 or less 446 $27,400,000 $61,435
$400k-600k 99 $46,305,000 $467,727
$Over $1MM 5 $9,375,000 $1,875,000
$600k-1000k 4 $3,420,000 $855,000

ODESSA's loan sizing saw the bucket of loans from $200k-400k with 1,926 originations, totaling $495,010,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,463 $534,945,000 $217,192
60-80% 804 $163,670,000 $203,570
40-60% 212 $37,870,000 $178,632
Under 20% 87 $2,365,000 $27,184
Over 100% 51 $10,785,000 $211,471
20-40% 49 $4,785,000 $97,653

ODESSA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,463 originations, totaling $534,945,000 in origination value.


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.