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 7.12% for the week of 2024-07-03, compared to the national average of 6.95% for the same period.

The average rate for the prior week (2024-06-27) was 7.13% and one month ago for the week of 2024-05-30, the average rate was 7.2%.

Odessa's average rate one year ago was 6.98%.

For refis of the same type during the week of 2024-07-03, the average rate was 7.15%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-03 6.95%
Odessa 30 Year Fixed Rate 2024-07-03 7.12%
Odessa 30 Year Fixed Rate Refi 2024-07-03 7.15%
Odessa 15 Year Fixed Rate 2024-07-03 6.05%
Odessa 15 Year Fixed Rate Refi 2024-07-03 6.35%
Odessa 30 Year FHA 2024-07-03 6.44%
Odessa 30 Year FHA Refi 2024-07-03 6.92%
Odessa 30 Year USDA 2024-07-03 6.74%
Odessa 30 Year USDA Refi 2024-07-03 6.94%
Odessa 30 Year VA 2024-07-03 6.19%
Odessa 30 Year VA Refi 2024-07-03 6.48%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
PRIMELENDING, A PLAINSCAPITAL COMPANY 67 6.79% $9,790
DHI MORTGAGE COMPANY, LTD. 60 5.72% $4,360
QUICKEN LOANS, LLC 37 7.21% $6,173
UNITED WHOLESALE MORTGAGE, LLC 28 6.68% $7,936
GUARANTEED RATE, INC. 24 6.86% $7,057
AMCAP MORTGAGE, LTD. 18 6.80% $9,526
First Financial Bank 17 7.27% $4,168
21ST MORTGAGE CORPORATION 16 8.41% $7,205
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 14 7.05% $8,781
JPMorgan Chase Bank 14 6.88% $5,033
Prosperity Bank 13 6.61% $4,809
CARDINAL FINANCIAL 13 6.93% $8,821
EVERETT FINANCIAL, INC. 12 7.35% $9,694
NATIONS RELIABLE LENDING, LLC 12 6.91% $10,427
SFMC, LP 12 6.85% $9,573
THRIVE MORTGAGE, LLC 12 7.09% $8,568
Wells Fargo Bank 10 6.08% $3,723
Waterstone Mortgage Corporation 9 7.13% $7,343
AMERISAVE MORTGAGE CORPORATION 7 7.21% $6,676
Mr. Cooper ( Nationstar Mortgage ) 7 6.67% $10,188
DIRECTIONS EQUITY, LLC 7 6.30% $2,041
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.91% $7,424
SECURITYNATIONAL MORTGAGE COMPANY 6 7.06% $11,591
Paramount Residential Mortgage Group, Inc. 6 6.98% $12,064
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 7.27% $4,748
T2 FINANCIAL LLC 5 6.75% $9,953
PENNYMAC LOAN SERVICES, LLC 5 6.50% $7,992
Nations Lending Corporation 5 7.33% $9,297
Southwest Bank 5 6.60% $8,482
FLAT BRANCH MORTGAGE, INC. 4 6.88% $5,964
GUILD MORTGAGE COMPANY 3 7.13% $5,536
ANGEL OAK MORTGAGE SOLUTIONS LLC 3 9.50% $22,739
Century Mortgage Company DBA Century Lending Company 3 6.75% $6,712
City Bank 3 7.17% $5,246
LENDSURE MORTGAGE CORP. 3 8.96% $11,333
LOANDEPOT.COM, LLC 3 6.75% $10,519
LRS FINANCIAL NETWORK, INC. 3 6.58% $7,844
NAVY FEDERAL CREDIT UNION 3 6.50% $4,035
ROYAL UNITED MORTGAGE LLC 3 7.04% $9,017
Town Square Mortgage & Investments, Inc. 3 6.91% $6,638
Bank of America 2 7.06% $5,718
RUOFF MORTGAGE COMPANY, INC. 2 7.94% $2,991
CROSSCOUNTRY MORTGAGE, LLC 2 9.00% $7,286
CHURCHILL MORTGAGE CORPORATION 2 7.75% $9,641
BROKER SOLUTIONS, INC. 2 7.56% $6,518
General Mortgage Capital Corporation 2 6.06% $11,012
LOANPAL, LLC 2 6.62% $13,817
Flagstar Bank, FSB 2 7.19% $5,533
ZILLOW HOME LOANS, LLC 2 6.50% $6,605
FBC MORTGAGE, LLC 2 6.44% $3,956
Morgan Stanley Private Bank 1 5.50% $7,670
MORTGAGE ACCESS CORP. 1 6.88% $6,881
Mortgage Research Center, LLC 1 6.75% $969
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.63% $9,274
NASA Federal Credit Union 1 7.50% $6,646
EVANSVILLE TEACHERS 1 6.88% $4,521
Encompass Lending Group, LP 1 6.38% $5,179
AMERICAN FINANCIAL NETWORK, INC. 1 7.50% $11,367
NBKC BANK 1 5.75% $4,324
Network Funding, L.P. 1 6.63% $10,480
NEWREZ LLC 1 7.25% $13,380
NTFN, INC. 1 8.00% $6,860
DEEPHAVEN MORTGAGE LLC 1 10.88% $10,346
PLAZA HOME MORTGAGE, INC. 1 6.75% $7,584
CMG MORTGAGE, INC. 1 7.13% $11,263
Citizens Bank 1 6.13% $10,900
Citadel Servicing Corporation 1 10.50% $7,767
ACADEMY MORTGAGE CORPORATION 1 6.88% $6,071
SeaTrust Mortgage Company 1 7.63% $9,066
Sierra Pacific Mortgage Company, Inc. 1 7.88% $6,471
SIRVA MORTGAGE, INC. 1 6.75% $4,831
SOUTHWEST STAGE FUNDING, LLC 1 9.45% $12,240
SWBC MORTGAGE CORPORATION 1 7.50% $11,426
ARC HOME LLC 1 10.25% $10,707
The Loan Store, Inc. 1 7.88% $8,448
American Momentum Bank 1 5.88% $2,442
Truity Federal Credit Union 1 6.88% $5,456
UNION HOME MORTGAGE CORP. 1 7.50% $6,668
AMERICAN FINANCING CORPORATION 1 6.50% $5,522
UNIVERSITY Federal Credit Union 1 7.75% $7,178
USAA Federal Savings Bank 1 5.88% $4,035
GUARANTEED RATE AFFINITY, LLC 1 6.90% $2
FREEDOM MORTGAGE CORPORATION 1 8.00% $7,354
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.25% $10,297
INTERLINC MORTGAGE SERVICES, LLC 1 8.38% $7,897
HOMETRUST MORTGAGE COMPANY 1 7.13% $7,647
Jefferson Bank 1 6.00% $4,424
JMAC LENDING, INC. 1 7.38% $16,031
FIRST COLONY MORTGAGE CORPORATION 1 7.13% $3,772
LAKEVIEW LOAN SERVICING, LLC 1 6.99% $10,623
VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.50% $8,499
VeraBank 1 6.75% $11,636
Watermark Capital, Inc. 1 5.88% $4,969
MANN FINANCIAL INC. 1 5.88% $16,490
MICHIGAN MUTUAL, INC. 1 5.75% $7,766

ODESSA Average Closing Costs & Other Stats

ODESSA, TX's 95 lenders originated 2,613 loans during 2023. The total origination value was $624,115,000, with an average loan value of $238,850.

ODESSA's average closing costs are $7,374.

The top ODESSA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 67 loans originated. Their average total fees are $9,790, which is $5,430 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee ODESSA lenders (with over 10 loans originated) are Wells Fargo Bank ($3,723), First Financial Bank ($4,168), DHI MORTGAGE COMPANY, LTD. ($4,360), Prosperity Bank ($4,809) and JPMorgan Chase Bank ($5,033).

The lowest rate ODESSA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.72%), Wells Fargo Bank (6.08%), Prosperity Bank (6.61%), UNITED WHOLESALE MORTGAGE, LLC (6.68%) and PRIMELENDING, A PLAINSCAPITAL COMPANY (6.79%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
DHI MORTGAGE COMPANY, LTD. $67,410,000 $87,770,000 30.2% 14.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $55,095,000 $51,200,000 -7.1% 8.2%
NORTHMARQ CAPITAL FINANCE, L.L.C. $36,565,000 n/a 5.9%
UNITED WHOLESALE MORTGAGE, LLC $14,155,000 $35,375,000 149.9% 5.7%
GUARANTEED RATE, INC. $4,950,000 $31,965,000 545.8% 5.1%
AMCAP MORTGAGE, LTD. $33,840,000 $31,935,000 -5.6% 5.1%
21ST MORTGAGE CORPORATION $20,385,000 $25,295,000 24.1% 4.1%
NATIONS RELIABLE LENDING, LLC $24,865,000 $20,270,000 -18.5% 3.2%
Complex Community Federal Credit Union $22,105,000 $19,625,000 -11.2% 3.1%
CARDINAL FINANCIAL $22,485,000 $19,410,000 -13.7% 3.1%
QUICKEN LOANS, LLC $26,660,000 $13,765,000 -48.4% 2.2%
SFMC, LP $8,395,000 $13,255,000 57.9% 2.1%
EVERETT FINANCIAL, INC. $18,130,000 $13,005,000 -28.3% 2.1%
Community National Bank $19,985,000 $12,035,000 -39.8% 1.9%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $2,385,000 $11,235,000 371.1% 1.8%
DIRECTIONS EQUITY, LLC $2,015,000 $10,990,000 445.4% 1.8%
Waterstone Mortgage Corporation $4,805,000 $9,670,000 101.2% 1.5%
First United Bank $255,000 $6,800,000 2,566.7% 1.1%
Southwest Bank $19,490,000 $6,615,000 -66.1% 1.1%
Nations Lending Corporation $14,545,000 $5,555,000 -61.8% 0.9%
PLAZA HOME MORTGAGE, INC. $715,000 $5,490,000 667.8% 0.9%
Prosperity Bank $4,135,000 $5,330,000 28.9% 0.9%
Century Mortgage Company DBA Century Lending Company $3,085,000 $4,925,000 59.6% 0.8%
T2 FINANCIAL LLC $2,270,000 $4,885,000 115.2% 0.8%
THRIVE MORTGAGE, LLC $915,000 $4,645,000 407.7% 0.7%
Mortgage Research Center, LLC $9,600,000 $4,370,000 -54.5% 0.7%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $14,115,000 $4,310,000 -69.5% 0.7%
First Financial Bank $1,030,000 $4,210,000 308.7% 0.7%
SECURITYNATIONAL MORTGAGE COMPANY $14,660,000 $4,135,000 -71.8% 0.7%
JPMorgan Chase Bank $2,200,000 $4,005,000 82.0% 0.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,905,000 $3,810,000 -2.4% 0.6%
LOANDEPOT.COM, LLC $5,840,000 $3,520,000 -39.7% 0.6%
PENNYMAC LOAN SERVICES, LLC $6,520,000 $3,520,000 -46.0% 0.6%
SOUTHWEST STAGE FUNDING, LLC $3,135,000 $3,100,000 -1.1% 0.5%
TRIAD FINANCIAL SERVICES, INC. $2,370,000 $3,020,000 27.4% 0.5%
Wells Fargo Bank $8,030,000 $2,980,000 -62.9% 0.5%
FBC MORTGAGE, LLC $6,875,000 $2,850,000 -58.5% 0.5%
FLAT BRANCH MORTGAGE, INC. $1,545,000 $2,830,000 83.2% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $5,030,000 $2,585,000 -48.6% 0.4%
LONE STAR STATE BANK $2,515,000 n/a 0.4%
VANDERBILT MORTGAGE AND FINANCE, INC. $2,330,000 $2,445,000 4.9% 0.4%
City Bank $2,490,000 $2,055,000 -17.5% 0.3%
AMERISAVE MORTGAGE CORPORATION $800,000 $2,025,000 153.1% 0.3%
NAVY FEDERAL CREDIT UNION $1,415,000 $2,025,000 43.1% 0.3%
ANGEL OAK MORTGAGE SOLUTIONS LLC $2,860,000 $1,990,000 -30.4% 0.3%
ACADEMY MORTGAGE CORPORATION $1,360,000 $1,945,000 43.0% 0.3%
VeraBank $1,885,000 n/a 0.3%
Paramount Residential Mortgage Group, Inc. $2,760,000 $1,875,000 -32.1% 0.3%
Commerce Home Mortgage, Inc. $330,000 $1,685,000 410.6% 0.3%
Bank of America $2,515,000 $1,625,000 -35.4% 0.3%
GUILD MORTGAGE COMPANY $1,045,000 $1,360,000 30.1% 0.2%
ZILLOW HOME LOANS, LLC $810,000 $1,360,000 67.9% 0.2%
CSL Financial, LLC $260,000 $1,355,000 421.2% 0.2%
LRS FINANCIAL NETWORK, INC. $4,505,000 $1,340,000 -70.3% 0.2%
Veritex Community Bank $145,000 $1,255,000 765.5% 0.2%
NEWREZ LLC $1,595,000 $1,150,000 -27.9% 0.2%
ORIX REAL ESTATE CAPITAL, LLC $1,145,000 n/a 0.2%
Network Funding, L.P. $1,430,000 $1,000,000 -30.1% 0.2%
Plains Commerce Bank $1,000,000 n/a 0.2%
THE MORTGAGE LINK, INC. $1,000,000 n/a 0.2%
AMWEST FUNDING CORP. $440,000 $965,000 119.3% 0.2%
Citizens National Bank of Texas $965,000 n/a 0.2%
Town Square Mortgage & Investments, Inc. $915,000 n/a 0.1%
INTERLINC MORTGAGE SERVICES, LLC $340,000 $845,000 148.5% 0.1%
RUOFF MORTGAGE COMPANY, INC. $845,000 n/a 0.1%
CALCON MUTUAL MORTGAGE LLC $520,000 $815,000 56.7% 0.1%
CMG MORTGAGE, INC. $1,490,000 $815,000 -45.3% 0.1%
CHURCHILL MORTGAGE CORPORATION $1,050,000 $805,000 -23.3% 0.1%
Carrington Mortgage Services, LLC $1,665,000 $785,000 -52.9% 0.1%
FREEDOM MORTGAGE CORPORATION $4,915,000 $775,000 -84.2% 0.1%
Frost Bank $1,955,000 $770,000 -60.6% 0.1%
Loan Simple, Inc. $835,000 $765,000 -8.4% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $8,890,000 $765,000 -91.4% 0.1%
My Community Credit Union $760,000 n/a 0.1%
LENDSURE MORTGAGE CORP. $350,000 $735,000 110.0% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $505,000 $720,000 42.6% 0.1%
Citizens Bank $5,825,000 $715,000 -87.7% 0.1%
Morgan Stanley Private Bank $270,000 $705,000 161.1% 0.1%
LIMA ONE CAPITAL, LLC $6,160,000 $700,000 -88.6% 0.1%
American Momentum Bank $675,000 $650,000 -3.7% 0.1%
CHEVRON $1,600,000 $620,000 -61.3% 0.1%
MORTGAGE ACCESS CORP. $610,000 n/a 0.1%
The Central Trust Bank $605,000 n/a 0.1%
LOANPAL, LLC $2,740,000 $595,000 -78.3% 0.1%
First American Bank $540,000 n/a 0.1%
GENEVA FINANCIAL, LLC $845,000 $540,000 -36.1% 0.1%
NBKC BANK $620,000 $520,000 -16.1% 0.1%
VILLAGE CAPITAL MORTGAGE $750,000 $520,000 -30.7% 0.1%
General Mortgage Capital Corporation $1,890,000 $490,000 -74.1% 0.1%
LENDINGHOME FUNDING CORPORATION $385,000 $490,000 27.3% 0.1%
MID AMERICA MORTGAGE, INC. $1,830,000 $490,000 -73.2% 0.1%
BROKER SOLUTIONS, INC. $2,180,000 $475,000 -78.2% 0.1%
Flagstar Bank, FSB $1,825,000 $455,000 -75.1% 0.1%
Gateway First Bank $8,300,000 $455,000 -94.5% 0.1%
COUNTRYPLACE MORTGAGE, LTD. $280,000 $445,000 58.9% 0.1%
MANN FINANCIAL INC. $435,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $65,000 $430,000 561.5% 0.1%
UNION HOME MORTGAGE CORP. $185,000 $430,000 132.4% 0.1%
Peoples Bank $405,000 n/a 0.1%
DEEPHAVEN MORTGAGE LLC $415,000 $400,000 -3.6% 0.1%
MICHIGAN MUTUAL, INC. $400,000 n/a 0.1%
Sunflower Bank $185,000 $400,000 116.2% 0.1%
ROYAL UNITED MORTGAGE LLC $1,205,000 $395,000 -67.2% 0.1%
Secured Investment Corp. $65,000 $395,000 507.7% 0.1%
AMERICAN HERITAGE LENDING, INC. $105,000 $390,000 271.4% 0.1%
CROSSCOUNTRY MORTGAGE, LLC $2,000,000 $380,000 -81.0% 0.1%
DAS Acquisition Company, LLC $590,000 $375,000 -36.4% 0.1%
JMAC LENDING, INC. $375,000 n/a 0.1%
PREMIA MORTGAGE, LLC $520,000 $365,000 -29.8% 0.1%
Bank of England $645,000 $360,000 -44.2% 0.1%
INTEGRITY MORTGAGE CORPORATION OF TEXAS $355,000 n/a 0.1%
Armed Forces Bank $345,000 n/a 0.1%
Liberty National Bank $335,000 n/a 0.1%
NBH Bank $335,000 n/a 0.1%
PNC Bank $335,000 n/a 0.1%
SeaTrust Mortgage Company $335,000 n/a 0.1%
TEXAS TECH $730,000 $330,000 -54.8% 0.1%
Truist $1,785,000 $325,000 -81.8% 0.1%
Watermark Capital, Inc. $285,000 $325,000 14.0% 0.1%
HOMETRUST MORTGAGE COMPANY $315,000 n/a 0.1%
Truity Federal Credit Union $315,000 n/a 0.1%
Neighborhood Loans, Inc. $305,000 n/a 0.0%
SWBC MORTGAGE CORPORATION $305,000 n/a 0.0%
West Texas National Bank $300,000 n/a 0.0%
NASA Federal Credit Union $295,000 n/a 0.0%
Sierra Pacific Mortgage Company, Inc. $295,000 n/a 0.0%
GULF COAST EDUCATORS FEDERAL CREDIT UNION $285,000 n/a 0.0%
Citadel Servicing Corporation $270,000 n/a 0.0%
United Community Bank $755,000 $265,000 -64.9% 0.0%
OPEN MORTGAGE, LLC $740,000 $260,000 -64.9% 0.0%
FirstBank $180,000 $255,000 41.7% 0.0%
MLD MORTGAGE INC. $255,000 $255,000 0.0% 0.0%
UNIVERSITY Federal Credit Union $255,000 n/a 0.0%
ARC HOME LLC $385,000 $245,000 -36.4% 0.0%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $245,000 n/a 0.0%
SIWELL, INC. $235,000 n/a 0.0%
Alliance Credit Union $225,000 n/a 0.0%
GERSHMAN INVESTMENT CORP. $225,000 n/a 0.0%
GUARANTEED RATE AFFINITY, LLC $225,000 $225,000 0.0% 0.0%
LIBERTY HOME MORTGAGE CORPORATION $155,000 $225,000 45.2% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $215,000 n/a 0.0%
Discover Bank $515,000 $215,000 -58.3% 0.0%
HOMEOWNERS FINANCIAL GROUP USA, LLC $215,000 n/a 0.0%
SIRVA MORTGAGE, INC. $815,000 $215,000 -73.6% 0.0%
NTFN, INC. $205,000 n/a 0.0%
Princeton Mortgage Corporation $205,000 n/a 0.0%
EVANSVILLE TEACHERS $195,000 n/a 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $185,000 n/a 0.0%
LAKEVIEW LOAN SERVICING, LLC $1,630,000 $185,000 -88.7% 0.0%
LEADERONE FINANCIAL CORPORATION $185,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $225,000 $180,000 -20.0% 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $240,000 $175,000 -27.1% 0.0%
NFM, INC. $255,000 $175,000 -31.4% 0.0%
The Loan Store, Inc. $175,000 n/a 0.0%
First National Bank Texas $165,000 $170,000 3.0% 0.0%
AMPLIFY $165,000 n/a 0.0%
CIVIC FINANCIAL SERVICES, LLC $335,000 $165,000 -50.7% 0.0%
Encompass Lending Group, LP $165,000 n/a 0.0%
ENVOY MORTGAGE, LTD $205,000 $165,000 -19.5% 0.0%
FIRST COLONY MORTGAGE CORPORATION $165,000 n/a 0.0%
Merchants Mortgage & Trust Corporation $165,000 n/a 0.0%
S1L, Inc. $240,000 $165,000 -31.3% 0.0%
FINANCE OF AMERICA REVERSE LLC $160,000 n/a 0.0%
Credit Union of Texas $225,000 $155,000 -31.1% 0.0%
Equity Prime Mortgage LLC $155,000 n/a 0.0%
BELEM SERVICING LLC $145,000 n/a 0.0%
First IC Corporation $145,000 n/a 0.0%
USAA Federal Savings Bank $605,000 $145,000 -76.0% 0.0%
Ally Bank $825,000 $135,000 -83.6% 0.0%
Jefferson Bank $115,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $120,000 $115,000 -4.2% 0.0%
A&D Mortgage LLC $755,000 $105,000 -86.1% 0.0%
U.S. Bank $1,095,000 $105,000 -90.4% 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $185,000 $95,000 -48.6% 0.0%
RANDOLPH-BROOKS $15,000 $75,000 400.0% 0.0%
United Heritage Credit Union $55,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $620,000 $45,000 -92.7% 0.0%
SPRING EQ, LLC $55,000 $45,000 -18.2% 0.0%

ODESSA's top lender by overall market share is DHI MORTGAGE COMPANY, LTD., with 14.1% market share. In second place, with 8.2%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $51,200,000 in loans. In third place, with 5.9%, is NORTHMARQ CAPITAL FINANCE, L.L.C., having originated $36,565,000 in loans. In fourth place, with 5.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $35,375,000 in loans. In fifth place, with 5.1%, is GUARANTEED RATE, INC., having originated $31,965,000 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%) $286,748 (14.1%) 0.74 217
2018-02-01 $200,950 (12.2%) $321,187 (25.9%) 0.73 184
2018-03-01 $210,000 (12.1%) $332,626 (31.2%) 0.74 163
2018-04-01 $229,250 (22.0%) $347,549 (41.3%) 0.78 159
2018-05-01 $235,000 (23.8%) $348,535 (37.8%) 0.78 184
2018-06-01 $250,000 (31.7%) $409,745 (57.9%) 0.85 162
2018-07-01 $254,500 (34.0%) $394,298 (54.0%) 0.86 176
2018-08-01 $248,200 (29.6%) $381,978 (41.4%) 0.83 184
2018-09-01 $252,500 (31.2%) $379,235 (39.5%) 0.85 195
2018-10-01 $249,000 (31.6%) $361,344 (31.5%) 0.84 212
2018-11-01 $249,900 (25.0%) $342,633 (22.2%) 0.85 219
2018-12-01 $256,500 (28.4%) $348,719 (22.3%) 0.88 206
2019-01-01 $245,750 (23.2%) $319,062 (11.3%) 0.85 200
2019-02-01 $249,675 (24.3%) $329,387 (2.6%) 0.84 192
2019-03-01 $262,500 (25.0%) $348,854 (4.9%) 0.86 173
2019-04-01 $284,925 (24.3%) $362,494 (4.3%) 0.90 156
2019-05-01 $277,000 (17.9%) $362,614 (4.0%) 0.87 172
2019-06-01 $279,450 (11.8%) $357,821 (-12.7%) 0.87 203
2019-07-01 $275,000 (8.1%) $360,302 (-8.6%) 0.86 236
2019-08-01 $270,882 (9.1%) $352,737 (-7.7%) 0.86 261
2019-09-01 $264,705 (4.8%) $337,862 (-10.9%) 0.85 298
2019-10-01 $262,361 (5.4%) $328,569 (-9.1%) 0.85 329
2019-11-01 $264,950 (6.0%) $332,003 (-3.1%) 0.87 327
2019-12-01 $250,000 (-2.5%) $325,383 (-6.7%) 0.83 299
2020-01-01 $249,950 (1.7%) $327,025 (2.5%) 0.84 301
2020-02-01 $259,950 (4.1%) $319,141 (-3.1%) 0.85 294
2020-03-01 $263,750 (0.5%) $316,872 (-9.2%) 0.83 315
2020-04-01 $254,925 (-10.5%) $316,362 (-12.7%) 0.80 359
2020-05-01 $259,900 (-6.2%) $313,932 (-13.4%) 0.79 374
2020-06-01 $264,675 (-5.3%) $337,862 (-5.6%) 0.78 385
2020-07-01 $259,950 (-5.5%) $342,261 (-5.0%) 0.75 407
2020-08-01 $259,900 (-4.1%) $335,929 (-4.8%) 0.74 432
2020-09-01 $247,300 (-6.6%) $318,122 (-5.8%) 0.71 453
2020-10-01 $239,000 (-8.9%) $307,701 (-6.4%) 0.68 473
2020-11-01 $230,000 (-13.2%) $294,973 (-11.2%) 0.67 532
2020-12-01 $229,948 (-8.0%) $299,410 (-8.0%) 0.68 546
2021-01-01 $225,000 (-10.0%) $286,597 (-12.4%) 0.67 537
2021-02-01 $225,000 (-13.4%) $285,041 (-10.7%) 0.66 546
2021-03-01 $229,000 (-13.2%) $291,652 (-8.0%) 0.65 549
2021-04-01 $238,188 (-6.6%) $290,984 (-8.0%) 0.64 535
2021-05-01 $239,000 (-8.0%) $296,616 (-5.5%) 0.64 530
2021-06-01 $234,725 (-11.3%) $292,443 (-13.4%) 0.62 520
2021-07-01 $238,000 (-8.4%) $302,335 (-11.7%) 0.63 537
2021-08-01 $236,500 (-9.0%) $308,262 (-8.2%) 0.63 551
2021-09-01 $237,450 (-4.0%) $307,285 (-3.4%) 0.63 558
2021-10-01 $230,000 (-3.8%) $302,659 (-1.6%) 0.61 520
2021-11-01 $232,425 (1.1%) $289,794 (-1.8%) 0.62 538
2021-12-01 $227,875 (-0.9%) $290,573 (-3.0%) 0.61 499
2022-01-01 $232,450 (3.3%) $303,937 (6.1%) 0.62 442
2022-02-01 $242,475 (7.8%) $311,338 (9.2%) 0.62 413
2022-03-01 $247,975 (8.3%) $309,755 (6.2%) 0.61 380
2022-04-01 $260,000 (9.2%) $324,323 (11.5%) 0.61 375
2022-05-01 $256,875 (7.5%) $329,106 (11.0%) 0.59 406
2022-06-01 $257,175 (9.6%) $322,473 (10.3%) 0.57 459
2022-07-01 $259,900 (9.2%) $319,527 (5.7%) 0.59 482
2022-08-01 $257,038 (8.7%) $323,623 (5.0%) 0.60 497
2022-09-01 $262,325 (10.5%) $331,462 (7.9%) 0.61 487
2022-10-01 $255,000 (10.9%) $324,777 (7.3%) 0.60 496
2022-11-01 $257,000 (10.6%) $320,905 (10.7%) 0.62 477
2022-12-01 $260,000 (14.1%) $315,831 (8.7%) 0.64 432
2023-01-01 $264,569 (13.8%) $313,483 (3.1%) 0.66 393
2023-02-01 $258,975 (6.8%) $330,513 (6.2%) 0.63 370
2023-03-01 $268,500 (8.3%) $339,888 (9.7%) 0.63 330
2023-04-01 $276,000 (6.2%) $343,874 (6.0%) 0.64 315
2023-05-01 $289,500 (12.7%) $351,356 (6.8%) 0.66 301
2023-06-01 $285,500 (11.0%) $346,067 (7.3%) 0.64 313
2023-07-01 $279,900 (7.7%) $337,645 (5.7%) 0.64 303
2023-08-01 $285,000 (10.9%) $336,561 (4.0%) 0.65 302
2023-09-01 $285,000 (8.6%) $335,721 (1.3%) 0.66 299
2023-10-01 $297,000 (16.5%) $341,076 (5.0%) 0.70 322
2023-11-01 $299,950 (16.7%) $349,170 (8.8%) 0.71 320
2023-12-01 $301,090 (15.8%) $367,460 (16.4%) 0.00 294
2024-01-01 $312,750 (18.2%) $382,357 (22.0%) 0.00 277
2024-02-01 $315,071 (21.7%) $371,758 (12.5%) 0.00 261
2024-03-01 $322,585 (20.1%) $390,107 (14.8%) 0.00 249
2024-04-01 $324,950 (17.7%) $391,335 (13.8%) 0.00 239
2024-05-01 $315,000 (8.8%) $397,910 (13.3%) 0.00 241
2024-06-01 $315,000 (10.3%) $391,839 (13.2%) 0.00 266
ODESSA's median listing price for 2024-06-01 was $315,000, a difference of $29,500 (10.3%) versus the prior year and $0 versus the prior month.

ODESSA's median listing price comes in at 0% of the national average.

ODESSA's average listing price for 2024-06-01 was $391,839, a difference of $45,772 (13.2%) versus the prior year and $-6,071 versus the prior month.

For the 2024-06-01 period, ODESSA had 266 MLS listings, a difference of 25 listings (10%) versus the prior month and -47 listings (-15%) 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 62 days 1,893 sqft
2018-02-01 56 days 1,983 sqft
2018-03-01 32 days 1,984 sqft
2018-04-01 31 days 2,043 sqft
2018-05-01 26 days 2,097 sqft
2018-06-01 42 days 2,139 sqft
2018-07-01 39 days 2,075 sqft
2018-08-01 40 days 2,058 sqft
2018-09-01 38 days 2,061 sqft
2018-10-01 36 days 2,032 sqft
2018-11-01 37 days 2,027 sqft
2018-12-01 49 days 2,041 sqft
2019-01-01 51 days 2,038 sqft
2019-02-01 42 days 2,029 sqft
2019-03-01 33 days 2,103 sqft
2019-04-01 29 days 2,209 sqft
2019-05-01 33 days 2,161 sqft
2019-06-01 34 days 2,165 sqft
2019-07-01 34 days 2,168 sqft
2019-08-01 38 days 2,111 sqft
2019-09-01 40 days 2,046 sqft
2019-10-01 42 days 2,009 sqft
2019-11-01 53 days 2,067 sqft
2019-12-01 73 days 2,051 sqft
2020-01-01 73 days 1,979 sqft
2020-02-01 61 days 1,981 sqft
2020-03-01 47 days 1,999 sqft
2020-04-01 48 days 1,996 sqft
2020-05-01 57 days 1,951 sqft
2020-06-01 54 days 1,996 sqft
2020-07-01 55 days 1,989 sqft
2020-08-01 49 days 1,943 sqft
2020-09-01 51 days 1,872 sqft
2020-10-01 55 days 1,847 sqft
2020-11-01 53 days 1,827 sqft
2020-12-01 64 days 1,823 sqft
2021-01-01 74 days 1,782 sqft
2021-02-01 69 days 1,805 sqft
2021-03-01 61 days 1,821 sqft
2021-04-01 57 days 1,856 sqft
2021-05-01 57 days 1,873 sqft
2021-06-01 58 days 1,817 sqft
2021-07-01 57 days 1,800 sqft
2021-08-01 60 days 1,832 sqft
2021-09-01 64 days 1,850 sqft
2021-10-01 67 days 1,824 sqft
2021-11-01 70 days 1,844 sqft
2021-12-01 71 days 1,832 sqft
2022-01-01 72 days 1,853 sqft
2022-02-01 63 days 1,866 sqft
2022-03-01 46 days 1,839 sqft
2022-04-01 45 days 1,840 sqft
2022-05-01 44 days 1,822 sqft
2022-06-01 42 days 1,818 sqft
2022-07-01 44 days 1,872 sqft
2022-08-01 53 days 1,870 sqft
2022-09-01 59 days 1,892 sqft
2022-10-01 60 days 1,839 sqft
2022-11-01 63 days 1,879 sqft
2022-12-01 73 days 1,896 sqft
2023-01-01 69 days 1,867 sqft
2023-02-01 50 days 1,885 sqft
2023-03-01 51 days 1,916 sqft
2023-04-01 50 days 1,978 sqft
2023-05-01 46 days 2,018 sqft
2023-06-01 46 days 2,022 sqft
2023-07-01 53 days 2,020 sqft
2023-08-01 49 days 2,053 sqft
2023-09-01 50 days 2,052 sqft
2023-10-01 49 days 2,033 sqft
2023-11-01 49 days 2,032 sqft
2023-12-01 0 days 2,070 sqft
2024-01-01 0 days 2,039 sqft
2024-02-01 0 days 2,077 sqft
2024-03-01 0 days 2,104 sqft
2024-04-01 0 days 2,104 sqft
2024-05-01 0 days 2,086 sqft
2024-06-01 0 days 2,023 sqft
ODESSA's median listing age (time on market) for 2024-06-01 was 0 days. This is -100% shorter than the same period one year ago.

ODESSA's median square footage for active listings during the 2024-06-01 period was 2,023 sqft. One year prior, the average listing was 2,022 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.

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 MSA $1,130 $1,130 $1,350 $1,710 $2,300
79741 Odessa, TX MSA $980 $990 $1,300 $1,580 $1,820
79758 Odessa, TX MSA $1,050 $1,050 $1,290 $1,600 $2,210
79759 Odessa, TX MSA $910 $920 $1,210 $1,470 $1,700
79760 Odessa, TX MSA $910 $920 $1,210 $1,470 $1,700
79761 Odessa, TX MSA $850 $860 $1,130 $1,380 $1,600
79762 Odessa, TX MSA $980 $990 $1,300 $1,580 $1,820
79763 Odessa, TX MSA $860 $870 $1,140 $1,390 $1,600
79764 Odessa, TX MSA $850 $860 $1,130 $1,380 $1,600
79765 Odessa, TX MSA $1,230 $1,240 $1,580 $1,950 $2,340
79766 Odessa, TX MSA $1,050 $1,050 $1,290 $1,600 $2,210
79768 Odessa, TX MSA $910 $920 $1,210 $1,470 $1,700
79769 Odessa, TX MSA $910 $920 $1,210 $1,470 $1,700

2022 Average & Median Rent Data Statistics
ODESSA, TX average 1BR rent: $978, median: $920
ODESSA, TX average 2BR rent: $1,258, median: $1,210
ODESSA, TX average 3BR rent: $1,542, median: $1,470

ODESSA, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,359 $540,745,000 $229,226
Cash Out Refi 87 $15,245,000 $175,230
Home Improvement 70 $6,480,000 $92,571
Refi 66 $58,470,000 $885,909
Other 31 $3,175,000 $102,419

Odessa's most frequently cited loan purpose was Home Purchase, with 2,359 originations. The 2nd most popular reason was Cash Out Refi, with 87 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 864 $214,230,000 $247,951
7-8% 612 $141,960,000 $231,961
Over 8% 420 $67,410,000 $160,500
5-6% 392 $143,100,000 $365,051
<2.5% 70 $440,000 $6,286
4-5% 60 $18,160,000 $302,667
3-4% 3 $395,000 $131,667
2.5-3% 3 $165,000 $55,000

During 2023, Odessa's most frequently originated rate bucket was 6-7%, with 864 originations.

Loan Sizing (ODESSA, TX MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 1,404 $381,510,000 $271,731
$100k-200k 753 $117,395,000 $155,903
$100,000 or less 341 $19,215,000 $56,349
$400k-600k 86 $40,400,000 $469,767
$600k-1000k 21 $15,185,000 $723,095
$Over $1MM 8 $50,410,000 $6,301,250

ODESSA's loan sizing saw the bucket of loans from $200k-400k with 1,404 originations, totaling $381,510,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,933 $462,905,000 $239,475
60-80% 235 $50,935,000 $216,745
Under 20% 97 $2,725,000 $28,093
40-60% 60 $50,980,000 $849,667
Over 100% 53 $13,855,000 $261,415
20-40% 36 $3,560,000 $98,889

ODESSA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,933 originations, totaling $462,905,000 in origination value.