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 6.64% for the week of 2024-02-22, compared to the national average of 6.9% for the same period.

The average rate for the prior week (2024-02-15) was 6.81% and one month ago for the week of 2024-01-18, the average rate was 6.44%.

Odessa's average rate one year ago was 6.69%.

For refis of the same type during the week of 2024-02-22, the average rate was 5.97%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-22 6.9%
Odessa 30 Year Fixed Rate 2024-02-22 6.64%
Odessa 30 Year Fixed Rate Refi 2024-02-22 5.97%
Odessa 15 Year Fixed Rate 2024-02-22 6.39%
Odessa 15 Year Fixed Rate Refi 2024-02-22 6.59%
Odessa 30 Year FHA 2024-02-22 -0.11%
Odessa 30 Year FHA Refi 2024-02-22 0.2%
Odessa 30 Year USDA 2024-02-22 -0.1%
Odessa 30 Year USDA Refi 2024-02-22 -0.2%
Odessa 30 Year VA 2024-02-22 -0.16%
Odessa 30 Year VA Refi 2024-02-22 0.1%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
PRIMELENDING, A PLAINSCAPITAL COMPANY 97 5.24% $7,692
QUICKEN LOANS, LLC 57 5.41% $6,405
DHI MORTGAGE COMPANY, LTD. 57 4.39% $4,592
NATIONS RELIABLE LENDING, LLC 33 4.87% $7,295
CARDINAL FINANCIAL 33 5.59% $9,883
Southwest Bank 30 4.80% $6,502
ARK-LA-TEX FINANCIAL SERVICES, LLC. 28 5.22% $4,636
CERTAINTY HOME LOANS, LLC 25 4.99% $4,994
Nations Lending Corporation 21 5.24% $7,110
EVERETT FINANCIAL, INC. 20 5.35% $3,262
Wells Fargo Bank 19 4.84% $5,494
AMCAP MORTGAGE, LTD. 19 5.75% $7,975
UNITED WHOLESALE MORTGAGE, LLC 19 5.68% $7,276
Prosperity Bank 15 5.49% $3,750
SECURITYNATIONAL MORTGAGE COMPANY 15 5.18% $9,052
LRS FINANCIAL NETWORK, INC. 12 4.58% $5,571
LOANDEPOT.COM, LLC 12 4.89% $6,547
Citizens Bank 10 4.34% $6,961
SFMC, LP 10 5.52% $8,742
Mr. Cooper ( Nationstar Mortgage ) 9 3.90% $6,646
First Bank & Trust 8 4.72% $9,465
General Mortgage Capital Corporation 8 5.00% $8,964
Paramount Residential Mortgage Group, Inc. 8 4.84% $9,681
MORTGAGE SOLUTIONS OF COLORADO, LLC 7 4.88% $5,761
PENNYMAC LOAN SERVICES, LLC 7 4.07% $6,217
ANGEL OAK MORTGAGE SOLUTIONS LLC 7 6.11% $8,744
LOANPAL, LLC 7 4.12% $7,526
FBC MORTGAGE, LLC 7 5.48% $6,692
First Basin Credit Union 7 5.14% $5,652
GUARANTEED RATE, INC. 7 6.09% $8,996
FREEDOM MORTGAGE CORPORATION 6 4.08% $5,182
American Bank of Commerce 6 4.83% $5,652
Bank of America 6 4.58% $3,439
21ST MORTGAGE CORPORATION 6 7.50% $7,374
INFINITY MORTGAGE HOLDINGS, LLC 6 3.85% $7,197
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 4.91% $5,036
First Guaranty Mortgage Corporation 5 4.33% $7,251
Gateway First Bank 5 4.80% $5,352
JPMorgan Chase Bank 5 5.05% $2,919
CHEVRON 5 4.70% $2,278
ROYAL UNITED MORTGAGE LLC 5 5.68% $9,460
Baxter Credit Union 4 6.63% $4,894
TEXAS TECH 4 5.44% $5,395
ZILLOW HOME LOANS, LLC 4 6.06% $6,379
KELLER MORTGAGE, LLC 3 3.92% $3,242
Lakeview Community Capital, LLC 3 4.63% $5,422
PHH Mortgage Corporation 3 5.46% $6,941
First Financial Bank 3 4.83% $4,752
Network Funding, L.P. 3 6.08% $11,398
NEWREZ LLC 3 5.12% $5,974
CMG MORTGAGE, INC. 3 4.88% $6,464
Truist 3 4.95% $4,236
Flagstar Bank, FSB 3 4.62% $5,517
CHURCHILL MORTGAGE CORPORATION 3 5.12% $6,062
U.S. Bank 3 4.75% $3,145
MID AMERICA MORTGAGE, INC. 3 4.92% $3,964
SIRVA MORTGAGE, INC. 3 4.33% $3,945
Waterstone Mortgage Corporation 3 5.67% $6,715
ACADEMY MORTGAGE CORPORATION 3 5.92% $6,260
Ally Bank 3 4.00% $4,567
SOUTHWEST STAGE FUNDING, LLC 3 6.22% $8,967
CALIBER HOME LOANS, INC. 3 5.14% $4,639
BROKER SOLUTIONS, INC. 3 5.58% $4,986
First National Bank of America 2 7.69% $10,660
AMERISAVE MORTGAGE CORPORATION 2 4.87% $5,923
Morgan Stanley Private Bank 2 3.90% $3,284
HOME POINT FINANCIAL CORPORATION 2 6.00% $6,515
DAS Acquisition Company, LLC 2 5.25% $10,564
Carrington Mortgage Services, LLC 2 4.94% $14,238
MOVEMENT MORTGAGE, LLC 2 3.69% $8,187
S1L, Inc. 2 3.63% $5,024
AMERICAN FINANCING CORPORATION 2 3.50% $6,424
City Bank 2 5.25% $5,137
Wyndham Capital Mortgage, Inc. 2 5.31% $6,530
LAKEVIEW LOAN SERVICING, LLC 2 3.81% $3,469
NexBank 2 6.38% $9,259
Discover Bank 2 3.62% $0
OPEN MORTGAGE, LLC 2 6.25% $6,758
DIRECTIONS EQUITY, LLC 2 6.50% $6,125
Bank of England 2 4.69% $5,661
Republic State Mortgage Co. 1 4.38% $2,950
American Momentum Bank 1 4.38% $4,992
SCHLUMBERGER EMPLOYEES CREDIT UNION 1 5.00% $2,943
AMERICAN INTERNET MORTGAGE, INC. 1 4.88% $4,153
STOCKTON MORTGAGE CORPORATION 1 5.50% $2,413
SUMMIT FUNDING, INC. 1 5.99% $8,611
SUN WEST MORTGAGE COMPANY, INC. 1 3.87% $3,048
T2 FINANCIAL LLC 1 5.00% $13,472
The American National Bank of Texas 1 4.00% $7,689
The Huntington National Bank 1 4.88% $23,104
THRIVE MORTGAGE, LLC 1 7.63% $4,469
TRIAD FINANCIAL SERVICES, INC. 1 5.50% $6,909
A&D Mortgage LLC 1 8.63% $33,925
USAA Federal Savings Bank 1 7.38% $5,312
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.50% $8,670
Watermark Capital, Inc. 1 3.50% $3,255
Farm Credit Mid-America, ACA 1 5.75% $17,194
ENDEAVOR CAPITAL, LLC. 1 5.25% $5,682
Extraco Banks 1 3.75% $4,739
EMBRACE HOME LOANS, INC. 1 5.99% $9,001
First Horizon Bank 1 4.75% $4,505
First Mortgage Solutions, LLC 1 3.99% $5,242
First National Bank Texas 1 3.25% $3,562
FLAT BRANCH MORTGAGE, INC. 1 6.99% $7,842
DEEPHAVEN MORTGAGE LLC 1 8.99% $18,254
GENEVA FINANCIAL, LLC 1 4.13% $8,785
Goldwater Bank, N.A. 1 3.88% $6,876
GUARANTEED RATE AFFINITY, LLC 1 5.55% $1,496
Commerce Home Mortgage, Inc. 1 3.88% $3,901
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 4.13% $5,481
HOMESIDE FINANCIAL, LLC 1 3.38% $10,375
HOMEXPRESS MORTGAGE CORP. 1 6.38% $5,467
Citizens Bank of Las Cruces 1 3.88% $3,537
Loan Simple, Inc. 1 5.99% $10,640
Christensen Financial, Inc. 1 4.63% $3,931
Metro City Bank 1 4.38% $7,265
MORTGAGE FINANCIAL SERVICES, LLC 1 5.50% $5,470
Mortgage Research Center, LLC 1 6.13% $2,459
M&T Bank 1 5.50% $3,423
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.00% $3,513
NATIONS DIRECT MORTGAGE, LLC 1 4.50% $12,022
BETTER MORTGAGE CORPORATION 1 2.75% $2,692
NAVY FEDERAL CREDIT UNION 1 6.00% $3,593
NETWORK CAPITAL FUNDING CORPORATION 1 3.88% $5,898
NEXERA HOLDING LLC 1 8.63% $10,592
OAKTREE FUNDING CORP. 1 10.88% $10,305
ON Q FINANCIAL, INC. 1 4.00% $4,287
PANORAMA MORTGAGE GROUP, LLC 1 5.63% $10,511
BEST FINANCE CAPITAL, INC. 1 3.63% $10,320
ANGEL OAK HOME LOANS LLC 1 6.00% $4,659
PROVIDENT FUNDING ASSOCIATES, L.P. 1 5.50% $4,159
AmeriHome Mortgage Company, LLC 1 3.38% $3,791
RANLIFE, INC. 1 5.50% $8,078
RBC Bank, (Georgia) 1 4.25% $3,238

ODESSA Average Closing Costs & Other Stats

ODESSA, TX's 134 lenders originated 3,085 loans during 2022. The total origination value was $683,085,000, with an average loan value of $221,421.

ODESSA's average closing costs are $6,940.

The top ODESSA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 97 loans originated. Their average total fees are $7,692, which is $1,287 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee ODESSA lenders (with over 10 loans originated) are EVERETT FINANCIAL, INC. ($3,262), Prosperity Bank ($3,750), DHI MORTGAGE COMPANY, LTD. ($4,592), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($4,636) and CERTAINTY HOME LOANS, LLC ($4,994).

The lowest rate ODESSA lenders (with over 10 loans originated) are Citizens Bank (4.34%), DHI MORTGAGE COMPANY, LTD. (4.39%), LRS FINANCIAL NETWORK, INC. (4.58%), Southwest Bank (4.80%) and Wells Fargo Bank (4.84%).

ODESSA, TX Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
DHI MORTGAGE COMPANY, LTD. $38,090,000 $67,410,000 77.0% 9.9%
PRIMELENDING, A PLAINSCAPITAL COMPANY $79,540,000 $55,095,000 -30.7% 8.1%
AMCAP MORTGAGE, LTD. $36,010,000 $33,840,000 -6.0% 5.0%
QUICKEN LOANS, LLC $55,095,000 $26,660,000 -51.6% 3.9%
NATIONS RELIABLE LENDING, LLC $31,345,000 $24,865,000 -20.7% 3.6%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $6,455,000 $22,485,000 248.3% 3.3%
Complex Community Federal Credit Union $16,160,000 $22,105,000 36.8% 3.2%
21ST MORTGAGE CORPORATION $20,845,000 $20,385,000 -2.2% 3.0%
Community National Bank $20,895,000 $19,985,000 -4.4% 2.9%
CERTAINTY HOME LOANS, LLC $4,800,000 $19,845,000 313.4% 2.9%
Southwest Bank $31,415,000 $19,490,000 -38.0% 2.9%
EVERETT FINANCIAL, INC. $4,990,000 $18,130,000 263.3% 2.7%
CBRE MULTIFAMILY CAPITAL, INC. $17,690,000 n/a 2.6%
SECURITYNATIONAL MORTGAGE COMPANY $9,205,000 $14,660,000 59.3% 2.1%
Nations Lending Corporation $14,520,000 $14,545,000 0.2% 2.1%
UNITED WHOLESALE MORTGAGE, LLC $5,735,000 $14,155,000 146.8% 2.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $22,870,000 $14,115,000 -38.3% 2.1%
Mortgage Research Center, LLC $7,875,000 $9,600,000 21.9% 1.4%
MORTGAGE SOLUTIONS OF COLORADO, LLC $1,155,000 $8,890,000 669.7% 1.3%
SFMC, LP $17,630,000 $8,395,000 -52.4% 1.2%
Gateway First Bank $32,155,000 $8,300,000 -74.2% 1.2%
Wells Fargo Bank $18,910,000 $8,030,000 -57.5% 1.2%
FBC MORTGAGE, LLC $27,825,000 $6,875,000 -75.3% 1.0%
PENNYMAC LOAN SERVICES, LLC $12,760,000 $6,520,000 -48.9% 1.0%
LIMA ONE CAPITAL, LLC $660,000 $6,160,000 833.3% 0.9%
LOANDEPOT.COM, LLC $7,185,000 $5,840,000 -18.7% 0.9%
Citizens Bank $8,155,000 $5,825,000 -28.6% 0.9%
First Bank & Trust $3,900,000 $5,070,000 30.0% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $15,870,000 $5,030,000 -68.3% 0.7%
GUARANTEED RATE, INC. $2,485,000 $4,950,000 99.2% 0.7%
FREEDOM MORTGAGE CORPORATION $41,200,000 $4,915,000 -88.1% 0.7%
Waterstone Mortgage Corporation $1,445,000 $4,805,000 232.5% 0.7%
LRS FINANCIAL NETWORK, INC. $5,040,000 $4,505,000 -10.6% 0.7%
Prosperity Bank $5,920,000 $4,135,000 -30.2% 0.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,735,000 $3,905,000 -17.5% 0.6%
INFINITY MORTGAGE HOLDINGS, LLC $20,100,000 $3,865,000 -80.8% 0.6%
SOUTHWEST STAGE FUNDING, LLC $2,825,000 $3,135,000 11.0% 0.5%
Century Mortgage Company DBA Century Lending Company $3,085,000 n/a 0.5%
American Bank of Commerce $3,050,000 n/a 0.4%
ANGEL OAK MORTGAGE SOLUTIONS LLC $275,000 $2,860,000 940.0% 0.4%
Paramount Residential Mortgage Group, Inc. $2,355,000 $2,760,000 17.2% 0.4%
LOANPAL, LLC $9,700,000 $2,740,000 -71.8% 0.4%
Bank of America $3,660,000 $2,515,000 -31.3% 0.4%
City Bank $4,230,000 $2,490,000 -41.1% 0.4%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $870,000 $2,385,000 174.1% 0.3%
TRIAD FINANCIAL SERVICES, INC. $1,950,000 $2,370,000 21.5% 0.3%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,440,000 $2,330,000 61.8% 0.3%
Arbor Realty Trust, Inc. $2,285,000 n/a 0.3%
T2 FINANCIAL LLC $2,270,000 n/a 0.3%
JPMorgan Chase Bank $5,345,000 $2,200,000 -58.8% 0.3%
BROKER SOLUTIONS, INC. $2,610,000 $2,180,000 -16.5% 0.3%
First Basin Credit Union $2,105,000 n/a 0.3%
DIRECTIONS EQUITY, LLC $2,015,000 n/a 0.3%
CROSSCOUNTRY MORTGAGE, LLC $2,065,000 $2,000,000 -3.1% 0.3%
Frost Bank $765,000 $1,955,000 155.6% 0.3%
General Mortgage Capital Corporation $1,890,000 n/a 0.3%
First Guaranty Mortgage Corporation $2,595,000 $1,885,000 -27.4% 0.3%
Lakeview Community Capital, LLC $5,540,000 $1,845,000 -66.7% 0.3%
MID AMERICA MORTGAGE, INC. $1,465,000 $1,830,000 24.9% 0.3%
Flagstar Bank, FSB $570,000 $1,825,000 220.2% 0.3%
Truist $1,625,000 $1,785,000 9.8% 0.3%
Carrington Mortgage Services, LLC $895,000 $1,665,000 86.0% 0.2%
LAKEVIEW LOAN SERVICING, LLC $10,905,000 $1,630,000 -85.1% 0.2%
CHEVRON $1,100,000 $1,600,000 45.5% 0.2%
NEWREZ LLC $5,325,000 $1,595,000 -70.0% 0.2%
NATIONS DIRECT MORTGAGE, LLC $2,030,000 $1,585,000 -21.9% 0.2%
HOME POINT FINANCIAL CORPORATION $3,545,000 $1,575,000 -55.6% 0.2%
FLAT BRANCH MORTGAGE, INC. $1,545,000 n/a 0.2%
FirstCapital Bank of Texas $1,665,000 $1,520,000 -8.7% 0.2%
CMG MORTGAGE, INC. $2,390,000 $1,490,000 -37.7% 0.2%
Network Funding, L.P. $1,140,000 $1,430,000 25.4% 0.2%
FINANCE OF AMERICA MORTGAGE LLC $1,415,000 n/a 0.2%
NAVY FEDERAL CREDIT UNION $2,155,000 $1,415,000 -34.3% 0.2%
MOVEMENT MORTGAGE, LLC $1,110,000 $1,395,000 25.7% 0.2%
ACADEMY MORTGAGE CORPORATION $1,040,000 $1,360,000 30.8% 0.2%
PLANET HOME LENDING, LLC $3,155,000 $1,315,000 -58.3% 0.2%
The Huntington National Bank $1,300,000 n/a 0.2%
ROYAL UNITED MORTGAGE LLC $525,000 $1,205,000 129.5% 0.2%
The First National Bank of McGregor $1,200,000 n/a 0.2%
CALIBER HOME LOANS, INC. $6,470,000 $1,155,000 -82.1% 0.2%
U.S. Bank $1,920,000 $1,095,000 -43.0% 0.2%
CHURCHILL MORTGAGE CORPORATION $3,595,000 $1,050,000 -70.8% 0.2%
GUILD MORTGAGE COMPANY $5,410,000 $1,045,000 -80.7% 0.2%
First Financial Bank $2,285,000 $1,030,000 -54.9% 0.2%
Republic State Mortgage Co. $1,390,000 $980,000 -29.5% 0.1%
THRIVE MORTGAGE, LLC $2,050,000 $915,000 -55.4% 0.1%
GENEVA FINANCIAL, LLC $1,505,000 $845,000 -43.9% 0.1%
Loan Simple, Inc. $915,000 $835,000 -8.7% 0.1%
Ally Bank $1,450,000 $825,000 -43.1% 0.1%
SIRVA MORTGAGE, INC. $945,000 $815,000 -13.8% 0.1%
ZILLOW HOME LOANS, LLC $810,000 n/a 0.1%
AMERISAVE MORTGAGE CORPORATION $5,485,000 $800,000 -85.4% 0.1%
A&D Mortgage LLC $260,000 $755,000 190.4% 0.1%
United Community Bank $755,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $3,635,000 $750,000 -79.4% 0.1%
OPEN MORTGAGE, LLC $850,000 $740,000 -12.9% 0.1%
TEXAS TECH $365,000 $730,000 100.0% 0.1%
PHH Mortgage Corporation $1,255,000 $725,000 -42.2% 0.1%
GREAT WESTERN FINANCIAL SERVICES, INC. $1,715,000 $715,000 -58.3% 0.1%
PLAZA HOME MORTGAGE, INC. $295,000 $715,000 142.4% 0.1%
American Momentum Bank $250,000 $675,000 170.0% 0.1%
AmeriHome Mortgage Company, LLC $2,500,000 $675,000 -73.0% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $665,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $3,170,000 $655,000 -79.3% 0.1%
Bank of England $1,205,000 $645,000 -46.5% 0.1%
AMERICAN FINANCING CORPORATION $400,000 $620,000 55.0% 0.1%
NBKC BANK $265,000 $620,000 134.0% 0.1%
USAA Federal Savings Bank $1,685,000 $605,000 -64.1% 0.1%
NexBank $1,240,000 $600,000 -51.6% 0.1%
DAS Acquisition Company, LLC $1,035,000 $590,000 -43.0% 0.1%
First National Bank of America $570,000 n/a 0.1%
Mid-Continent Funding, Inc. $540,000 n/a 0.1%
AMERICAN ADVISORS GROUP $475,000 $530,000 11.6% 0.1%
CALCON MUTUAL MORTGAGE LLC $520,000 n/a 0.1%
PREMIA MORTGAGE, LLC $1,105,000 $520,000 -52.9% 0.1%
SOUTHWEST FUNDING, LP $1,350,000 $520,000 -61.5% 0.1%
Discover Bank $130,000 $515,000 296.2% 0.1%
KELLER MORTGAGE, LLC $1,305,000 $515,000 -60.5% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $1,990,000 $505,000 -74.6% 0.1%
AMERICAN INTERNET MORTGAGE, INC. $470,000 n/a 0.1%
EMBRACE HOME LOANS, INC. $455,000 n/a 0.1%
Farm Credit Mid-America, ACA $445,000 n/a 0.1%
AMWEST FUNDING CORP. $440,000 n/a 0.1%
CITYWIDE HOME LOANS, LLC $435,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $400,000 $430,000 7.5% 0.1%
TEMPLE VIEW CAPITAL FUNDING, LP $205,000 $420,000 104.9% 0.1%
DEEPHAVEN MORTGAGE LLC $415,000 n/a 0.1%
Wyndham Capital Mortgage, Inc. $410,000 n/a 0.1%
ARC HOME LLC $545,000 $385,000 -29.4% 0.1%
LENDINGHOME FUNDING CORPORATION $485,000 $385,000 -20.6% 0.1%
BETTER MORTGAGE CORPORATION $5,130,000 $380,000 -92.6% 0.1%
SUMMIT FUNDING, INC. $255,000 $355,000 39.2% 0.1%
LENDSURE MORTGAGE CORP. $350,000 n/a 0.1%
Baxter Credit Union $195,000 $340,000 74.4% 0.0%
INTERLINC MORTGAGE SERVICES, LLC $1,840,000 $340,000 -81.5% 0.0%
CIVIC FINANCIAL SERVICES, LLC $305,000 $335,000 9.8% 0.0%
Commerce Home Mortgage, Inc. $595,000 $330,000 -44.5% 0.0%
Metro City Bank $195,000 $325,000 66.7% 0.0%
The American National Bank of Texas $325,000 n/a 0.0%
CORNERSTONE HOME LENDING, INC. $370,000 $305,000 -17.6% 0.0%
Hometown Lenders, Inc. $285,000 $305,000 7.0% 0.0%
ON Q FINANCIAL, INC. $195,000 $300,000 53.8% 0.0%
Sabine State Bank and Trust Company $295,000 n/a 0.0%
TJC Mortgage, Inc. $295,000 n/a 0.0%
Watermark Capital, Inc. $125,000 $285,000 128.0% 0.0%
COUNTRYPLACE MORTGAGE, LTD. $650,000 $280,000 -56.9% 0.0%
HOMESPIRE MORTGAGE CORPORATION $275,000 n/a 0.0%
MORTGAGE FINANCIAL SERVICES, LLC $880,000 $275,000 -68.8% 0.0%
SECURITY SERVICE $230,000 $275,000 19.6% 0.0%
Morgan Stanley Private Bank $270,000 n/a 0.0%
M&T Bank $65,000 $270,000 315.4% 0.0%
BEST FINANCE CAPITAL, INC. $265,000 n/a 0.0%
Citizens Bank of Las Cruces $265,000 n/a 0.0%
CITY FIRST MORTGAGE SERVICES, L.L.C. $575,000 $265,000 -53.9% 0.0%
Goldwater Bank, N.A. $205,000 $265,000 29.3% 0.0%
LOANPEOPLE, LLC $265,000 n/a 0.0%
OAKTREE FUNDING CORP. $265,000 n/a 0.0%
RBC Bank, (Georgia) $215,000 $265,000 23.3% 0.0%
CSL Financial, LLC $755,000 $260,000 -65.6% 0.0%
AMERICAN FEDERAL MORTGAGE CORPORATION $255,000 n/a 0.0%
First Mortgage Solutions, LLC $325,000 $255,000 -21.5% 0.0%
First United Bank $255,000 n/a 0.0%
KeyBank $255,000 n/a 0.0%
MLD MORTGAGE INC. $255,000 n/a 0.0%
NFM, INC. $255,000 n/a 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $1,495,000 $255,000 -82.9% 0.0%
V.I.P. MORTGAGE, INC. $420,000 $255,000 -39.3% 0.0%
RANLIFE, INC. $245,000 n/a 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $450,000 $240,000 -46.7% 0.0%
S1L, Inc. $915,000 $240,000 -73.8% 0.0%
ENDEAVOR CAPITAL, LLC. $235,000 n/a 0.0%
Hometown Equity Mortgage, LLC $235,000 n/a 0.0%
Strong Home Mortgage, LLC $245,000 $235,000 -4.1% 0.0%
Christensen Financial, Inc. $225,000 n/a 0.0%
Citizens 1st Bank $225,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $225,000 $225,000 0.0% 0.0%
Credit Union of Texas $225,000 n/a 0.0%
GUARANTEED RATE AFFINITY, LLC $225,000 n/a 0.0%
Hawthorn Bank $225,000 n/a 0.0%
PANORAMA MORTGAGE GROUP, LLC $225,000 n/a 0.0%
Extraco Banks $215,000 n/a 0.0%
First Home Bank $215,000 n/a 0.0%
First Horizon Bank $215,000 n/a 0.0%
RESIDENTIAL BANCORP. $320,000 $215,000 -32.8% 0.0%
ENVOY MORTGAGE, LTD $205,000 n/a 0.0%
JAMES B. NUTTER & COMPANY $205,000 n/a 0.0%
EECU $235,000 $195,000 -17.0% 0.0%
First Bank $325,000 $195,000 -40.0% 0.0%
RB MORTGAGE LLC $245,000 $195,000 -20.4% 0.0%
SCHLUMBERGER EMPLOYEES CREDIT UNION $400,000 $195,000 -51.3% 0.0%
BOKF $510,000 $190,000 -62.7% 0.0%
NEXERA HOLDING LLC $185,000 n/a 0.0%
Sunflower Bank $185,000 n/a 0.0%
UNION HOME MORTGAGE CORP. $230,000 $185,000 -19.6% 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $185,000 n/a 0.0%
FirstBank $110,000 $180,000 63.6% 0.0%
NORWICH COMMERCIAL GROUP, INC. $180,000 n/a 0.0%
First National Bank Texas $400,000 $165,000 -58.8% 0.0%
RELIANCE FIRST CAPITAL, LLC $125,000 $165,000 32.0% 0.0%
LIBERTY HOME MORTGAGE CORPORATION $155,000 n/a 0.0%
HOMEXPRESS MORTGAGE CORP. $145,000 n/a 0.0%
STOCKTON MORTGAGE CORPORATION $145,000 n/a 0.0%
Veritex Community Bank $1,735,000 $145,000 -91.6% 0.0%
Advisors Mortgage Group, L.L.C. $135,000 n/a 0.0%
ASPIRE FINANCIAL, INC. $135,000 n/a 0.0%
FIRST STATE MORTGAGE SERVICES, LLC $135,000 n/a 0.0%
The First National Bank of Granbury $135,000 n/a 0.0%
Citibank $125,000 n/a 0.0%
INTERCAP LENDING INC. $125,000 n/a 0.0%
Magnolia Bank $135,000 $125,000 -7.4% 0.0%
NETWORK CAPITAL FUNDING CORPORATION $125,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $90,000 $120,000 33.3% 0.0%
Texas Mortgage Lending, LLC $205,000 $115,000 -43.9% 0.0%
AMERICAN HERITAGE LENDING, INC. $105,000 n/a 0.0%
ANGEL OAK HOME LOANS LLC $965,000 $105,000 -89.1% 0.0%
Barrington Bank & Trust Company, N.A. $985,000 $65,000 -93.4% 0.0%
First United Bank and Trust Company $145,000 $65,000 -55.2% 0.0%
Secured Investment Corp. $115,000 $65,000 -43.5% 0.0%
Third Coast Bank SSB $65,000 n/a 0.0%
LEGEND LENDING CORPORATION $55,000 n/a 0.0%
SPRING EQ, LLC $55,000 n/a 0.0%
RANDOLPH-BROOKS $75,000 $15,000 -80.0% 0.0%

ODESSA's top lender by overall market share is DHI MORTGAGE COMPANY, LTD., with 9.9% market share. In second place, with 8.1%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $55,095,000 in loans. In third place, with 5.0%, is AMCAP MORTGAGE, LTD., having originated $33,840,000 in loans. In fourth place, with 3.9%, is QUICKEN LOANS, LLC, having originated $26,660,000 in loans. In fifth place, with 3.6%, is NATIONS RELIABLE LENDING, LLC, having originated $24,865,000 in loans.


ODESSA Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - ODESSA (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $199,450 (14.0%) $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
ODESSA's median listing price for 2023-12-01 was $301,090, a difference of $41,090 (15.8%) versus the prior year and $1,140 versus the prior month.

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

ODESSA's average listing price for 2023-12-01 was $367,460, a difference of $51,629 (16.4%) versus the prior year and $18,290 versus the prior month.

For the 2023-12-01 period, ODESSA had 294 MLS listings, a difference of -26 listings (-8%) versus the prior month and -138 listings (-32%) 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
ODESSA's median listing age (time on market) for 2023-12-01 was 0 days. This is -100% shorter than the same period one year ago.

ODESSA's median square footage for active listings during the 2023-12-01 period was 2,070 sqft. One year prior, the average listing was 1,896 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 $1,200 $1,200 $1,480 $1,830 $2,530
79741 Odessa, TX $870 $920 $1,210 $1,500 $1,740
79758 Odessa, TX $1,010 $1,020 $1,260 $1,560 $2,120
79759 Odessa, TX $820 $860 $1,130 $1,400 $1,670
79760 Odessa, TX $890 $930 $1,230 $1,520 $1,770
79761 Odessa, TX $810 $860 $1,130 $1,400 $1,670
79762 Odessa, TX $950 $1,000 $1,320 $1,630 $1,900
79763 Odessa, TX $820 $870 $1,140 $1,410 $1,670
79764 Odessa, TX $870 $920 $1,210 $1,500 $1,740
79765 Odessa, TX $1,270 $1,320 $1,710 $2,110 $2,590
79766 Odessa, TX $1,010 $1,020 $1,260 $1,560 $2,120
79768 Odessa, TX $890 $930 $1,230 $1,520 $1,770
79769 Odessa, TX $890 $930 $1,230 $1,520 $1,770

2022 Average & Median Rent Data Statistics
ODESSA, TX average 1BR rent: $983, median: $930
ODESSA, TX average 2BR rent: $1,272, median: $1,230
ODESSA, TX average 3BR rent: $1,574, median: $1,520

ODESSA, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,485 $574,715,000 $231,274
Refi 281 $54,895,000 $195,356
Cash Out Refi 229 $41,945,000 $183,166
Home Improvement 70 $8,140,000 $116,286
Other 20 $3,390,000 $169,500

Odessa's most frequently cited loan purpose was Home Purchase, with 2,485 originations. The 2nd most popular reason was Refi, with 281 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 774 $183,870,000 $237,558
4-5% 647 $168,115,000 $259,838
3-4% 457 $106,015,000 $231,980
6-7% 388 $84,410,000 $217,552
Over 8% 174 $28,070,000 $161,322
7-8% 172 $32,640,000 $189,767
2.5-3% 125 $28,655,000 $229,240
<2.5% 122 $6,040,000 $49,508

During 2022, Odessa's most frequently originated rate bucket was 5-6%, with 774 originations.

Loan Sizing (ODESSA, TX MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 1,599 $425,805,000 $266,295
$100k-200k 977 $151,605,000 $155,174
$100,000 or less 391 $22,005,000 $56,279
$400k-600k 93 $42,065,000 $452,312
$600k-1000k 17 $12,265,000 $721,471
$Over $1MM 8 $29,340,000 $3,667,500

ODESSA's loan sizing saw the bucket of loans from $200k-400k with 1,599 originations, totaling $425,805,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,054 $478,670,000 $233,043
60-80% 472 $102,050,000 $216,208
40-60% 123 $38,415,000 $312,317
Under 20% 116 $1,000,000 $8,621
20-40% 42 $3,990,000 $95,000
Over 100% 37 $9,915,000 $267,973

ODESSA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,054 originations, totaling $478,670,000 in origination value.