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 6.9% for the week of 2022-12-01, compared to the national average of 6.49% for the same period.

The average rate for the prior week (2022-11-23) was 7.19% and one month ago for the week of 2022-10-27, the average rate was 7.59%.

Odessa's average rate one year ago was 3.52%.

For refis of the same type during the week of 2022-12-01, the average rate was 6.62%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-12-01 6.49%
Odessa 30 Year Fixed Rate 2022-12-01 6.9%
Odessa 30 Year Fixed Rate Refi 2022-12-01 6.62%
Odessa 15 Year Fixed Rate 2022-12-01 6.55%
Odessa 15 Year Fixed Rate Refi 2022-12-01 6.17%
Odessa 30 Year FHA 2022-12-01 6.62%
Odessa 30 Year FHA Refi 2022-12-01 6.59%
Odessa 30 Year USDA 2022-12-01 4.86%
Odessa 30 Year VA 2022-12-01 6.81%
Odessa 30 Year VA Refi 2022-12-01 6.24%
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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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
Prosperity Bank 15 3.29% $3,578
LRS FINANCIAL NETWORK, INC. 15 2.98% $4,629
JPMorgan Chase Bank 15 3.30% $3,402
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
SECURITYNATIONAL MORTGAGE COMPANY 12 3.50% $5,487
UNITED WHOLESALE MORTGAGE, LLC 12 2.97% $6,170
CALIBER HOME LOANS, INC. 11 3.52% $4,247
Paramount Residential Mortgage Group, Inc. 10 2.93% $8,016
BETTER MORTGAGE CORPORATION 10 3.00% $4,701
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
City Bank 6 3.15% $4,541
FREEDOM MORTGAGE CORPORATION 6 3.29% $2,269
HOMESIDE FINANCIAL, LLC 6 3.21% $6,873
GREAT WESTERN FINANCIAL SERVICES, INC. 6 3.23% $4,217
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
PROVIDENT FUNDING ASSOCIATES, L.P. 3 2.83% $3,951
MOVEMENT MORTGAGE, LLC 3 3.15% $3,350
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 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
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
M&T Bank 1 3.63% $3,502
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 Average Closing Costs & Other Stats

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.

ODESSA's average closing costs are $6,567.

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 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 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 fourth place, with 4.5%, is DHI MORTGAGE COMPANY, LTD., having originated $38,090,000 in loans. In fifth place, with 4.3%, is AMCAP MORTGAGE, LTD., having originated $36,010,000 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 $199,675 (14.1%) $299,080 (19.0%) 0.74 218
2018-02-01 $200,950 (12.2%) $335,575 (31.5%) 0.73 185
2018-03-01 $211,000 (12.6%) $346,072 (36.5%) 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 (43.6%) 0.83 185
2018-09-01 $252,500 (31.2%) $379,235 (39.5%) 0.85 195
2018-10-01 $249,000 (30.7%) $361,344 (27.5%) 0.84 212
2018-11-01 $249,900 (25.0%) $342,633 (18.3%) 0.85 219
2018-12-01 $256,500 (28.3%) $348,719 (17.8%) 0.88 206
2019-01-01 $245,750 (23.1%) $319,062 (6.7%) 0.85 200
2019-02-01 $249,675 (24.3%) $329,387 (-1.8%) 0.84 192
2019-03-01 $262,500 (24.4%) $348,679 (0.8%) 0.86 174
2019-04-01 $284,900 (24.3%) $362,116 (0.1%) 0.90 157
2019-05-01 $276,000 (17.5%) $362,169 (0.5%) 0.86 174
2019-06-01 $279,000 (9.6%) $356,785 (-15.7%) 0.87 205
2019-07-01 $274,975 (7.1%) $359,287 (-11.7%) 0.86 238
2019-08-01 $270,895 (9.1%) $351,836 (-9.3%) 0.86 263
2019-09-01 $264,739 (4.9%) $337,172 (-11.1%) 0.85 301
2019-10-01 $263,109 (5.7%) $328,020 (-9.2%) 0.85 332
2019-11-01 $265,000 (6.0%) $331,435 (-3.3%) 0.87 330
2019-12-01 $250,000 (-2.5%) $324,794 (-6.9%) 0.83 301
2020-01-01 $249,950 (1.7%) $326,287 (2.3%) 0.84 303
2020-02-01 $260,000 (4.1%) $318,407 (-3.3%) 0.85 298
2020-03-01 $265,000 (1.0%) $316,342 (-9.3%) 0.83 318
2020-04-01 $254,925 (-10.5%) $315,677 (-12.8%) 0.80 361
2020-05-01 $259,900 (-5.8%) $313,328 (-13.5%) 0.79 376
2020-06-01 $263,225 (-5.7%) $337,102 (-5.5%) 0.77 384
2020-07-01 $259,950 (-5.5%) $341,527 (-4.9%) 0.75 406
2020-08-01 $259,025 (-4.4%) $335,342 (-4.7%) 0.74 430
2020-09-01 $246,700 (-6.8%) $317,620 (-5.8%) 0.71 454
2020-10-01 $239,000 (-9.2%) $307,445 (-6.3%) 0.68 475
2020-11-01 $230,000 (-13.2%) $294,681 (-11.1%) 0.67 533
2020-12-01 $229,945 (-8.0%) $299,114 (-7.9%) 0.68 547
2021-01-01 $225,000 (-10.0%) $286,401 (-12.2%) 0.67 538
2021-02-01 $225,000 (-13.5%) $284,858 (-10.5%) 0.65 548
2021-03-01 $227,500 (-14.2%) $291,391 (-7.9%) 0.65 550
2021-04-01 $238,000 (-6.6%) $290,746 (-7.9%) 0.64 537
2021-05-01 $239,500 (-7.9%) $296,665 (-5.3%) 0.63 532
2021-06-01 $234,950 (-10.7%) $292,499 (-13.2%) 0.62 521
2021-07-01 $239,000 (-8.1%) $302,895 (-11.3%) 0.63 536
2021-08-01 $237,250 (-8.4%) $308,834 (-7.9%) 0.63 550
2021-09-01 $238,225 (-3.4%) $307,850 (-3.1%) 0.64 557
2021-10-01 $231,250 (-3.2%) $302,736 (-1.5%) 0.62 520
2021-11-01 $232,400 (1.0%) $289,802 (-1.7%) 0.62 539
2021-12-01 $229,000 (-0.4%) $290,598 (-2.9%) 0.62 500
2022-01-01 $230,000 (2.2%) $303,814 (6.1%) 0.62 443
2022-02-01 $242,500 (7.8%) $311,254 (9.3%) 0.63 416
2022-03-01 $248,500 (9.2%) $309,553 (6.2%) 0.62 383
2022-04-01 $260,000 (9.2%) $324,092 (11.5%) 0.62 377
2022-05-01 $257,450 (7.5%) $328,953 (10.9%) 0.59 408
2022-06-01 $256,950 (9.4%) $322,521 (10.3%) 0.57 460
2022-07-01 $259,950 (8.8%) $318,970 (5.3%) 0.59 483
2022-08-01 $257,038 (8.3%) $323,277 (4.7%) 0.59 500
2022-09-01 $262,325 (10.1%) $331,549 (7.7%) 0.61 490
2022-10-01 $255,000 (10.3%) $324,534 (7.2%) 0.60 499
2022-11-01 $257,000 (10.6%) $320,541 (10.6%) 0.62 478
ODESSA's median listing price for 2022-11-01 was $257,000, a difference of $24,600 (10.6%) versus the prior year and $2,000 versus the prior month.

ODESSA's median listing price comes in at 62% of the national average.

ODESSA's average listing price for 2022-11-01 was $320,541, a difference of $30,739 (10.6%) versus the prior year and $-3,993 versus the prior month.

For the 2022-11-01 period, ODESSA had 478 MLS listings, a difference of -21 listings (-4%) versus the prior month and -61 listings (-11%) 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 1,894 sqft
2018-02-01 56 days 2,000 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 35 days 2,104 sqft
2019-04-01 30 days 2,213 sqft
2019-05-01 34 days 2,166 sqft
2019-06-01 36 days 2,165 sqft
2019-07-01 35 days 2,168 sqft
2019-08-01 39 days 2,112 sqft
2019-09-01 41 days 2,048 sqft
2019-10-01 43 days 2,008 sqft
2019-11-01 54 days 2,067 sqft
2019-12-01 73 days 2,051 sqft
2020-01-01 74 days 1,978 sqft
2020-02-01 64 days 1,977 sqft
2020-03-01 48 days 1,999 sqft
2020-04-01 49 days 1,994 sqft
2020-05-01 58 days 1,951 sqft
2020-06-01 57 days 1,998 sqft
2020-07-01 56 days 1,990 sqft
2020-08-01 51 days 1,944 sqft
2020-09-01 52 days 1,872 sqft
2020-10-01 57 days 1,850 sqft
2020-11-01 56 days 1,826 sqft
2020-12-01 65 days 1,822 sqft
2021-01-01 76 days 1,782 sqft
2021-02-01 73 days 1,805 sqft
2021-03-01 66 days 1,819 sqft
2021-04-01 60 days 1,858 sqft
2021-05-01 58 days 1,877 sqft
2021-06-01 60 days 1,817 sqft
2021-07-01 58 days 1,805 sqft
2021-08-01 61 days 1,836 sqft
2021-09-01 65 days 1,852 sqft
2021-10-01 68 days 1,824 sqft
2021-11-01 71 days 1,844 sqft
2021-12-01 73 days 1,834 sqft
2022-01-01 73 days 1,853 sqft
2022-02-01 66 days 1,866 sqft
2022-03-01 47 days 1,840 sqft
2022-04-01 45 days 1,840 sqft
2022-05-01 47 days 1,819 sqft
2022-06-01 44 days 1,818 sqft
2022-07-01 45 days 1,870 sqft
2022-08-01 57 days 1,870 sqft
2022-09-01 61 days 1,893 sqft
2022-10-01 63 days 1,839 sqft
2022-11-01 66 days 1,878 sqft
ODESSA's median listing age (time on market) for 2022-11-01 was 66 days. This is -8% shorter than the same period one year ago.

ODESSA's median square footage for active listings during the 2022-11-01 period was 1,878 sqft. One year prior, the average listing was 1,844 sqft.

ODESSA, TX Average Rent (2022)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
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 2,418 $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.