ODESSA Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Odessa averaged
6.86%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.89% and
one month ago for the week of 2025-05-15, the
average rate was 7.16%.
Odessa's average rate one year ago was 7.3%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.41%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Odessa 30 Year Fixed Rate | 2025-06-18 | 6.86% |
| Odessa 30 Year Fixed Rate Refi | 2025-06-18 | 7.41% |
| Odessa 15 Year Fixed Rate | 2025-06-18 | 5.86% |
| Odessa 15 Year Fixed Rate Refi | 2025-06-18 | 6.36% |
| Odessa 30 Year FHA | 2025-06-18 | 0.08% |
| Odessa 30 Year FHA Refi | 2025-06-18 | 0.2% |
| Odessa 30 Year USDA | 2025-06-18 | 0.1% |
| Odessa 30 Year USDA Refi | 2025-06-18 | 0% |
| Odessa 30 Year VA | 2025-06-18 | -0.18% |
| Odessa 30 Year VA Refi | 2025-06-18 | -0.2% |
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 100 lenders originated 2,951
loans during 2024. The total origination value was $790,375,000, with an average loan value of
$267,833.
ODESSA's average closing costs are $7,753.
The top ODESSA lender as defined by loan originations is QUICKEN LOANS, LLC, with
67 loans originated. Their average total fees are
$7,114, which is $2,190
lower than the next largest lender,
PRIMELENDING, A PLAINSCAPITAL COMPANY.
The lowest fee ODESSA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($4,284), DIRECTIONS EQUITY, LLC ($5,727), JPMorgan Chase Bank ($6,710), GUARANTEED RATE, INC. ($6,867) and QUICKEN LOANS, LLC ($7,114).
The lowest rate ODESSA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.71%), JPMorgan Chase Bank (6.53%), NATIONS RELIABLE LENDING, LLC (6.62%), DIRECTIONS EQUITY, LLC (6.64%) and UNITED WHOLESALE MORTGAGE, LLC (6.74%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| DHI MORTGAGE COMPANY, LTD. | $87,770,000 | $125,820,000 | 43.4% | 15.9% |
| CBRE MULTIFAMILY CAPITAL, INC. | $55,610,000 | n/a | 7.0% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $51,200,000 | $50,330,000 | -1.7% | 6.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $35,375,000 | $45,285,000 | 28.0% | 5.7% |
| GREYSTONE SERVICING COMPANY LLC | $33,715,000 | n/a | 4.3% | |
| 21ST MORTGAGE CORPORATION | $25,295,000 | $33,620,000 | 32.9% | 4.3% |
| GUARANTEED RATE, INC. | $31,965,000 | $26,480,000 | -17.2% | 3.4% |
| QUICKEN LOANS, LLC | $13,765,000 | $26,320,000 | 91.2% | 3.3% |
| Community National Bank | $12,035,000 | $21,315,000 | 77.1% | 2.7% |
| Waterstone Mortgage Corporation | $9,670,000 | $18,990,000 | 96.4% | 2.4% |
| CARDINAL FINANCIAL | $19,410,000 | $18,660,000 | -3.9% | 2.4% |
| SFMC, LP | $13,255,000 | $16,630,000 | 25.5% | 2.1% |
| Complex Community Federal Credit Union | $19,625,000 | $16,575,000 | -15.5% | 2.1% |
| EVERETT FINANCIAL, INC. | $13,005,000 | $14,595,000 | 12.2% | 1.8% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $11,235,000 | $14,375,000 | 27.9% | 1.8% |
| NATIONS RELIABLE LENDING, LLC | $20,270,000 | $13,340,000 | -34.2% | 1.7% |
| DIRECTIONS EQUITY, LLC | $10,990,000 | $11,465,000 | 4.3% | 1.5% |
| Mortgage Research Center, LLC | $4,370,000 | $10,680,000 | 144.4% | 1.4% |
| Nations Lending Corporation | $5,555,000 | $10,075,000 | 81.4% | 1.3% |
| HOMESIDE FINANCIAL, LLC | $9,315,000 | n/a | 1.2% | |
| ORIX REAL ESTATE CAPITAL, LLC | $1,145,000 | $8,700,000 | 659.8% | 1.1% |
| FREEDOM MORTGAGE CORPORATION | $775,000 | $8,490,000 | 995.5% | 1.1% |
| JPMorgan Chase Bank | $4,005,000 | $7,790,000 | 94.5% | 1.0% |
| TEXAS TECH | $330,000 | $6,645,000 | 1,913.6% | 0.8% |
| FLAT BRANCH MORTGAGE, INC. | $2,830,000 | $5,355,000 | 89.2% | 0.7% |
| THE MORTGAGE LINK, INC. | $1,000,000 | $4,865,000 | 386.5% | 0.6% |
| TRIAD FINANCIAL SERVICES, INC. | $3,020,000 | $4,485,000 | 48.5% | 0.6% |
| City Bank | $2,055,000 | $4,330,000 | 110.7% | 0.5% |
| Flanagan State Bank | $3,960,000 | n/a | 0.5% | |
| Prosperity Bank | $5,330,000 | $3,960,000 | -25.7% | 0.5% |
| Southwest Bank | $6,615,000 | $3,700,000 | -44.1% | 0.5% |
| LOANDEPOT.COM, LLC | $3,520,000 | $3,585,000 | 1.8% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $3,520,000 | $3,390,000 | -3.7% | 0.4% |
| Frost Bank | $770,000 | $3,210,000 | 316.9% | 0.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,445,000 | $3,115,000 | 27.4% | 0.4% |
| Wells Fargo Bank | $2,980,000 | $2,990,000 | 0.3% | 0.4% |
| LRS FINANCIAL NETWORK, INC. | $1,340,000 | $2,930,000 | 118.7% | 0.4% |
| CMG MORTGAGE, INC. | $815,000 | $2,790,000 | 242.3% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,810,000 | $2,615,000 | -31.4% | 0.3% |
| The Loan Store, Inc. | $175,000 | $2,580,000 | 1,374.3% | 0.3% |
| NEWREZ LLC | $1,150,000 | $2,425,000 | 110.9% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,585,000 | $2,420,000 | -6.4% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $380,000 | $2,380,000 | 526.3% | 0.3% |
| SECURITYNATIONAL MORTGAGE COMPANY | $4,135,000 | $2,330,000 | -43.7% | 0.3% |
| Equity Prime Mortgage LLC | $155,000 | $2,255,000 | 1,354.8% | 0.3% |
| HOMEXPRESS MORTGAGE CORP. | $2,185,000 | n/a | 0.3% | |
| BROKER SOLUTIONS, INC. | $475,000 | $2,055,000 | 332.6% | 0.3% |
| American Momentum Bank | $650,000 | $2,000,000 | 207.7% | 0.3% |
| First Financial Bank | $4,210,000 | $1,985,000 | -52.9% | 0.3% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $1,970,000 | n/a | 0.2% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $4,310,000 | $1,915,000 | -55.6% | 0.2% |
| Plains Commerce Bank | $1,000,000 | $1,760,000 | 76.0% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $520,000 | $1,755,000 | 237.5% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $3,100,000 | $1,710,000 | -44.8% | 0.2% |
| AXIA FINANCIAL, LLC | $1,680,000 | n/a | 0.2% | |
| Century Mortgage Company DBA Century Lending Company | $4,925,000 | $1,670,000 | -66.1% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $185,000 | $1,670,000 | 802.7% | 0.2% |
| PREMIA MORTGAGE, LLC | $365,000 | $1,670,000 | 357.5% | 0.2% |
| Carrington Mortgage Services, LLC | $785,000 | $1,630,000 | 107.6% | 0.2% |
| AmeriHome Mortgage Company, LLC | $1,610,000 | n/a | 0.2% | |
| NAVY FEDERAL CREDIT UNION | $2,025,000 | $1,570,000 | -22.5% | 0.2% |
| OCMBC, INC. | $1,535,000 | n/a | 0.2% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,470,000 | n/a | 0.2% | |
| Paramount Residential Mortgage Group, Inc. | $1,875,000 | $1,465,000 | -21.9% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,440,000 | n/a | 0.2% | |
| FBC MORTGAGE, LLC | $2,850,000 | $1,430,000 | -49.8% | 0.2% |
| Sierra Pacific Mortgage Company, Inc. | $295,000 | $1,360,000 | 361.0% | 0.2% |
| GENEVA FINANCIAL, LLC | $540,000 | $1,295,000 | 139.8% | 0.2% |
| GUILD MORTGAGE COMPANY | $1,360,000 | $1,250,000 | -8.1% | 0.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,990,000 | $1,180,000 | -40.7% | 0.1% |
| Citadel Servicing Corporation | $270,000 | $1,175,000 | 335.2% | 0.1% |
| West Texas National Bank | $300,000 | $1,135,000 | 278.3% | 0.1% |
| National Exchange Bank and Trust | $1,105,000 | n/a | 0.1% | |
| MORTGAGE FINANCIAL SERVICES, LLC | $1,040,000 | n/a | 0.1% | |
| Home Mortgage Alliance Corp | $1,010,000 | n/a | 0.1% | |
| DEEPHAVEN MORTGAGE LLC | $400,000 | $1,005,000 | 151.3% | 0.1% |
| Lakeview Community Capital, LLC | $1,005,000 | n/a | 0.1% | |
| Gateway First Bank | $455,000 | $980,000 | 115.4% | 0.1% |
| Hometown Equity Mortgage, LLC | $970,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $490,000 | $945,000 | 92.9% | 0.1% |
| Bank of America | $1,625,000 | $925,000 | -43.1% | 0.1% |
| Sunflower Bank | $400,000 | $925,000 | 131.3% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,360,000 | $870,000 | -36.0% | 0.1% |
| T2 FINANCIAL LLC | $4,885,000 | $860,000 | -82.4% | 0.1% |
| PNC Bank | $335,000 | $855,000 | 155.2% | 0.1% |
| MTCU | $845,000 | n/a | 0.1% | |
| 1ST FINANCIAL, INC. | $810,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $455,000 | $800,000 | 75.8% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $785,000 | n/a | 0.1% | |
| Amarillo National Bank | $775,000 | n/a | 0.1% | |
| Morgan Stanley Private Bank | $705,000 | $725,000 | 2.8% | 0.1% |
| Network Funding, L.P. | $1,000,000 | $720,000 | -28.0% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $5,490,000 | $720,000 | -86.9% | 0.1% |
| USAA Federal Savings Bank | $145,000 | $665,000 | 358.6% | 0.1% |
| LOANPAL, LLC | $595,000 | $600,000 | 0.8% | 0.1% |
| First National Bank of America | $565,000 | n/a | 0.1% | |
| LENDSURE MORTGAGE CORP. | $735,000 | $565,000 | -23.1% | 0.1% |
| U.S. Bank | $105,000 | $565,000 | 438.1% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $185,000 | $550,000 | 197.3% | 0.1% |
| Origin Bank | $545,000 | n/a | 0.1% | |
| Ixonia Bank | $540,000 | n/a | 0.1% | |
| SOUTHWEST FUNDING, LP | $540,000 | n/a | 0.1% | |
| CANOPY MORTGAGE, LLC | $530,000 | n/a | 0.1% | |
| UNION HOME MORTGAGE CORP. | $430,000 | $515,000 | 19.8% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $510,000 | n/a | 0.1% | |
| JMAC LENDING, INC. | $375,000 | $500,000 | 33.3% | 0.1% |
| The First National Bank of Sonora | $500,000 | n/a | 0.1% | |
| Truist | $325,000 | $495,000 | 52.3% | 0.1% |
| First United Bank and Trust Company | $475,000 | n/a | 0.1% | |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $465,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $395,000 | $455,000 | 15.2% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $765,000 | $440,000 | -42.5% | 0.1% |
| American Mortgage Bank, LLC | $420,000 | n/a | 0.1% | |
| Eagle Bank and Trust Company | $415,000 | n/a | 0.1% | |
| NBKC BANK | $520,000 | $410,000 | -21.2% | 0.1% |
| Alliance Credit Union | $225,000 | $405,000 | 80.0% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $815,000 | $385,000 | -52.8% | 0.0% |
| Strong Home Mortgage, LLC | $385,000 | n/a | 0.0% | |
| INTERLINC MORTGAGE SERVICES, LLC | $845,000 | $375,000 | -55.6% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $805,000 | $360,000 | -55.3% | 0.0% |
| Discover Bank | $215,000 | $355,000 | 65.1% | 0.0% |
| PLANET HOME LENDING, LLC | $350,000 | n/a | 0.0% | |
| GMFS LLC | $345,000 | n/a | 0.0% | |
| LAND HOME FINANCIAL SERVICES, INC. | $345,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $390,000 | $335,000 | -14.1% | 0.0% |
| First National Bank Texas | $170,000 | $325,000 | 91.2% | 0.0% |
| OAKTREE FUNDING CORP. | $315,000 | n/a | 0.0% | |
| NEXERA HOLDING LLC | $310,000 | n/a | 0.0% | |
| COUNTRYPLACE MORTGAGE, LTD. | $445,000 | $300,000 | -32.6% | 0.0% |
| SANDIA LABORATORY | $300,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $160,000 | $295,000 | 84.4% | 0.0% |
| Florida Capital Bank | $275,000 | n/a | 0.0% | |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $275,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $490,000 | $270,000 | -44.9% | 0.0% |
| First United Bank | $6,800,000 | $265,000 | -96.1% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $260,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $430,000 | $255,000 | -40.7% | 0.0% |
| BMO Harris Bank | $255,000 | n/a | 0.0% | |
| MK LENDING CORP. | $255,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $720,000 | $255,000 | -64.6% | 0.0% |
| Citizens State Bank | $250,000 | n/a | 0.0% | |
| FirstBank | $255,000 | $245,000 | -3.9% | 0.0% |
| GARDNER FINANCIAL SERVICES, LTD. | $245,000 | n/a | 0.0% | |
| Generations Community Federal Credit Union | $245,000 | n/a | 0.0% | |
| Loan Simple, Inc. | $765,000 | $245,000 | -68.0% | 0.0% |
| Texas Regional Bank | $245,000 | n/a | 0.0% | |
| Logan Finance Corporation | $240,000 | n/a | 0.0% | |
| ARC HOME LLC | $245,000 | $235,000 | -4.1% | 0.0% |
| HOMETRUST MORTGAGE COMPANY | $315,000 | $235,000 | -25.4% | 0.0% |
| Secured Investment Corp. | $395,000 | $230,000 | -41.8% | 0.0% |
| FOUNDATION MORTGAGE CORPORATION | $225,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $260,000 | $225,000 | -13.5% | 0.0% |
| POINT Mortgage | $225,000 | n/a | 0.0% | |
| V.I.P. MORTGAGE, INC. | $225,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $95,000 | $215,000 | 126.3% | 0.0% |
| AMERISAVE MORTGAGE CORPORATION | $2,025,000 | $195,000 | -90.4% | 0.0% |
| Bank of England | $360,000 | $195,000 | -45.8% | 0.0% |
| FirstLight Federal Credit Union | $195,000 | n/a | 0.0% | |
| NATIONS DIRECT MORTGAGE, LLC | $195,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $195,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $195,000 | n/a | 0.0% | |
| CSL Financial, LLC | $1,355,000 | $190,000 | -86.0% | 0.0% |
| BAY-VALLEY MORTGAGE GROUP | $185,000 | n/a | 0.0% | |
| NMSI, INC. | $185,000 | n/a | 0.0% | |
| RANDOLPH-BROOKS | $75,000 | $175,000 | 133.3% | 0.0% |
| RF Renovo Management Company, LLC | $170,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $700,000 | $165,000 | -76.4% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $165,000 | n/a | 0.0% | |
| Credit Union of Texas | $155,000 | $155,000 | 0.0% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $155,000 | n/a | 0.0% | |
| Texas Mortgage Lending, LLC | $155,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $145,000 | n/a | 0.0% | |
| GULF COAST EDUCATORS FEDERAL CREDIT UNION | $285,000 | $145,000 | -49.1% | 0.0% |
| Merchants Mortgage & Trust Corporation | $165,000 | $145,000 | -12.1% | 0.0% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $175,000 | $145,000 | -17.1% | 0.0% |
| Servion, Inc. | $145,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $115,000 | n/a | 0.0% | |
| SECURITY SERVICE | $95,000 | n/a | 0.0% | |
| H E B | $85,000 | n/a | 0.0% | |
| AMPLIFY | $165,000 | $75,000 | -54.5% | 0.0% |
| CHEVRON | $620,000 | $75,000 | -87.9% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $180,000 | $65,000 | -63.9% | 0.0% |
| UNIFY FINANCIAL Credit Union | $65,000 | n/a | 0.0% | |
| BOKF | $15,000 | n/a | 0.0% |
ODESSA's top lender by overall market share is DHI MORTGAGE COMPANY, LTD., with 15.9% market share. In second place, with 7.0%, is CBRE MULTIFAMILY CAPITAL, INC., having originated $55,610,000 in loans. In third place, with 6.4%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $50,330,000 in loans. In fourth place, with 5.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $45,285,000 in loans. In fifth place, with 4.3%, is GREYSTONE SERVICING COMPANY LLC, having originated $33,715,000 in loans.
ODESSA, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,558 | $612,290,000 | $239,363 |
| Refi | 157 | $140,005,000 | $891,752 |
| Cash Out Refi | 117 | $21,725,000 | $185,684 |
| Home Improvement | 78 | $10,090,000 | $129,359 |
| Other | 40 | $4,450,000 | $111,250 |
| NA | 1 | $1,815,000 | $1,815,000 |
Odessa's most frequently cited loan purpose was Home Purchase, with 2,558 originations. The 2nd most popular reason was Refi, with 157 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 942 | $243,100,000 | $258,068 |
| 7-8% | 640 | $163,710,000 | $255,797 |
| Over 8% | 484 | $71,650,000 | $148,037 |
| 5-6% | 375 | $195,485,000 | $521,293 |
| 4-5% | 200 | $62,980,000 | $314,900 |
| <2.5% | 61 | $445,000 | $7,295 |
| 3-4% | 35 | $10,485,000 | $299,571 |
| 2.5-3% | 2 | $350,000 | $175,000 |
During 2024, Odessa's most frequently originated rate bucket was 6-7%, with 942 originations.
Loan Sizing (ODESSA, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,623 | $452,795,000 | $278,986 |
| $100k-200k | 793 | $125,335,000 | $158,052 |
| $100,000 or less | 361 | $20,675,000 | $57,271 |
| $400k-600k | 132 | $60,740,000 | $460,152 |
| $600k-1000k | 22 | $15,560,000 | $707,273 |
| $Over $1MM | 20 | $115,270,000 | $5,763,500 |
ODESSA's loan sizing saw the bucket of loans from $200k-400k with 1,623 originations, totaling $452,795,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,126 | $541,440,000 | $254,675 |
| 60-80% | 286 | $87,160,000 | $304,755 |
| Under 20% | 104 | $1,860,000 | $17,885 |
| 40-60% | 75 | $80,805,000 | $1,077,400 |
| Over 100% | 56 | $21,400,000 | $382,143 |
| 20-40% | 49 | $4,835,000 | $98,673 |
ODESSA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,126 originations, totaling $541,440,000 in origination value.