ODESSA Mortgage Rates
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Odessa averaged
5.91%
for the week of 2022-05-12, compared to the national average of
5.3% for the same period.
The average rate for the prior week (2022-05-05) was
5.58% and
one month ago for the week of 2022-04-07, the
average rate was 4.93%.
Odessa's average rate one year ago was 3.38%.
For refis of the same type during the week of 2022-05-12, the average rate
was 5.53%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-05-12 | 5.3% |
| Odessa 30 Year Fixed Rate | 2022-05-12 | 5.91% |
| Odessa 30 Year Fixed Rate Refi | 2022-05-12 | 5.53% |
| Odessa 15 Year Fixed Rate | 2022-05-12 | 5.17% |
| Odessa 15 Year Fixed Rate Refi | 2022-05-12 | 4.99% |
| Odessa 30 Year FHA | 2022-05-12 | 5.51% |
| Odessa 30 Year FHA Refi | 2022-05-12 | 5.58% |
| Odessa 30 Year USDA | 2022-05-12 | 4.56% |
| Odessa 30 Year VA | 2022-05-12 | 5.77% |
| Odessa 30 Year VA Refi | 2022-05-12 | 5.41% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within ODESSA, TX.
ODESSA Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the ODESSA, TX market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
ODESSA, TX's 142 lenders originated 4,156
loans during 2021. The total origination value was $845,430,000, with an average loan value of
$203,424.
The top ODESSA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with
167 loans originated. Their average total fees are
$5,311, which is $245
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee ODESSA lenders (with over 10 loans originated) are
JPMorgan Chase Bank ($3,402), Prosperity Bank ($3,578), Wells Fargo Bank ($3,908), Gateway First Bank ($4,162) and DHI MORTGAGE COMPANY, LTD. ($4,215).
The lowest rate ODESSA lenders (with over 10 loans originated) are
Paramount Residential Mortgage Group, Inc. (2.93%), UNITED WHOLESALE MORTGAGE, LLC (2.97%), LRS FINANCIAL NETWORK, INC. (2.98%), DHI MORTGAGE COMPANY, LTD. (2.99%) and BETTER MORTGAGE CORPORATION (3.00%).
ODESSA, TX Lender Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $73,915,000 | $79,540,000 | 7.6% | 9.4% |
| QUICKEN LOANS, LLC | $59,675,000 | $55,095,000 | -7.7% | 6.5% |
| FREEDOM MORTGAGE CORPORATION | $49,115,000 | $41,200,000 | -16.1% | 4.9% |
| DHI MORTGAGE COMPANY, LTD. | $37,230,000 | $38,090,000 | 2.3% | 4.5% |
| AMCAP MORTGAGE, LTD. | $35,150,000 | $36,010,000 | 2.4% | 4.3% |
| Gateway First Bank | $29,795,000 | $32,155,000 | 7.9% | 3.8% |
| Southwest Bank | $27,510,000 | $31,415,000 | 14.2% | 3.7% |
| NATIONS RELIABLE LENDING, LLC | $32,485,000 | $31,345,000 | -3.5% | 3.7% |
| FBC MORTGAGE, LLC | $38,680,000 | $27,825,000 | -28.1% | 3.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $32,520,000 | $22,870,000 | -29.7% | 2.7% |
| Community National Bank | $19,355,000 | $20,895,000 | 8.0% | 2.5% |
| 21ST MORTGAGE CORPORATION | $28,360,000 | $20,845,000 | -26.5% | 2.5% |
| INFINITY MORTGAGE HOLDINGS, LLC | $6,145,000 | $20,100,000 | 227.1% | 2.4% |
| Wells Fargo Bank | $11,755,000 | $18,910,000 | 60.9% | 2.2% |
| SFMC, LP | $29,080,000 | $17,630,000 | -39.4% | 2.1% |
| Complex Community Federal Credit Union | $18,315,000 | $16,160,000 | -11.8% | 1.9% |
| Mr. Cooper ( Nationstar Mortgage ) | $21,020,000 | $15,870,000 | -24.5% | 1.9% |
| Nations Lending Corporation | $8,745,000 | $14,520,000 | 66.0% | 1.7% |
| PENNYMAC LOAN SERVICES, LLC | $7,910,000 | $12,760,000 | 61.3% | 1.5% |
| LAKEVIEW LOAN SERVICING, LLC | $9,590,000 | $10,905,000 | 13.7% | 1.3% |
| LOANPAL, LLC | $10,460,000 | $9,700,000 | -7.3% | 1.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $2,675,000 | $9,205,000 | 244.1% | 1.1% |
| Citizens Bank | $7,020,000 | $8,155,000 | 16.2% | 1.0% |
| Mortgage Research Center, LLC | $6,450,000 | $7,875,000 | 22.1% | 0.9% |
| LOANDEPOT.COM, LLC | $6,070,000 | $7,185,000 | 18.4% | 0.8% |
| CALIBER HOME LOANS, INC. | $4,825,000 | $6,470,000 | 34.1% | 0.8% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $5,690,000 | $6,455,000 | 13.4% | 0.8% |
| Prosperity Bank | $4,595,000 | $5,920,000 | 28.8% | 0.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $8,135,000 | $5,735,000 | -29.5% | 0.7% |
| Lakeview Community Capital, LLC | $4,675,000 | $5,540,000 | 18.5% | 0.7% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $5,025,000 | $5,495,000 | 9.4% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $4,040,000 | $5,485,000 | 35.8% | 0.6% |
| GUILD MORTGAGE COMPANY | $6,525,000 | $5,410,000 | -17.1% | 0.6% |
| JPMorgan Chase Bank | $10,830,000 | $5,345,000 | -50.6% | 0.6% |
| NEWREZ LLC | $4,325,000 | $5,325,000 | 23.1% | 0.6% |
| BETTER MORTGAGE CORPORATION | $665,000 | $5,130,000 | 671.4% | 0.6% |
| LRS FINANCIAL NETWORK, INC. | $9,220,000 | $5,040,000 | -45.3% | 0.6% |
| EVERETT FINANCIAL, INC. | $22,040,000 | $4,990,000 | -77.4% | 0.6% |
| CERTAINTY HOME LOANS, LLC | $410,000 | $4,800,000 | 1,070.7% | 0.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,100,000 | $4,735,000 | 15.5% | 0.6% |
| City Bank | $1,180,000 | $4,230,000 | 258.5% | 0.5% |
| First Bank & Trust | $2,305,000 | $3,900,000 | 69.2% | 0.5% |
| Bank of America | $4,270,000 | $3,660,000 | -14.3% | 0.4% |
| VILLAGE CAPITAL & INVESTMENT LLC | $2,120,000 | $3,635,000 | 71.5% | 0.4% |
| CHURCHILL MORTGAGE CORPORATION | $1,940,000 | $3,595,000 | 85.3% | 0.4% |
| HOME POINT FINANCIAL CORPORATION | $1,680,000 | $3,545,000 | 111.0% | 0.4% |
| HOMESIDE FINANCIAL, LLC | $3,170,000 | n/a | 0.4% | |
| PLANET HOME LENDING, LLC | $5,755,000 | $3,155,000 | -45.2% | 0.4% |
| SOUTHWEST STAGE FUNDING, LLC | $5,205,000 | $2,825,000 | -45.7% | 0.3% |
| BROKER SOLUTIONS, INC. | $2,840,000 | $2,610,000 | -8.1% | 0.3% |
| First Guaranty Mortgage Corporation | $1,830,000 | $2,595,000 | 41.8% | 0.3% |
| AmeriHome Mortgage Company, LLC | $5,345,000 | $2,500,000 | -53.2% | 0.3% |
| GUARANTEED RATE, INC. | $920,000 | $2,485,000 | 170.1% | 0.3% |
| CMG MORTGAGE, INC. | $1,825,000 | $2,390,000 | 31.0% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $535,000 | $2,355,000 | 340.2% | 0.3% |
| First Financial Bank | $1,830,000 | $2,285,000 | 24.9% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $1,210,000 | $2,155,000 | 78.1% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,485,000 | $2,065,000 | 39.1% | 0.2% |
| THRIVE MORTGAGE, LLC | $245,000 | $2,050,000 | 736.7% | 0.2% |
| NATIONS DIRECT MORTGAGE, LLC | $4,235,000 | $2,030,000 | -52.1% | 0.2% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,345,000 | $1,990,000 | 48.0% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $895,000 | $1,950,000 | 117.9% | 0.2% |
| U.S. Bank | $4,630,000 | $1,920,000 | -58.5% | 0.2% |
| INTERLINC MORTGAGE SERVICES, LLC | $1,605,000 | $1,840,000 | 14.6% | 0.2% |
| Veritex Community Bank | $1,735,000 | n/a | 0.2% | |
| GREAT WESTERN FINANCIAL SERVICES, INC. | $330,000 | $1,715,000 | 419.7% | 0.2% |
| USAA Federal Savings Bank | $4,300,000 | $1,685,000 | -60.8% | 0.2% |
| FirstCapital Bank of Texas | $290,000 | $1,665,000 | 474.1% | 0.2% |
| Truist Bank | $2,295,000 | $1,625,000 | -29.2% | 0.2% |
| BBVA USA | $360,000 | $1,615,000 | 348.6% | 0.2% |
| InterContinental Capital Group, Inc | $3,210,000 | $1,540,000 | -52.0% | 0.2% |
| GENEVA FINANCIAL, LLC | $215,000 | $1,505,000 | 600.0% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $185,000 | $1,495,000 | 708.1% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $3,580,000 | $1,465,000 | -59.1% | 0.2% |
| Ally Bank | $1,290,000 | $1,450,000 | 12.4% | 0.2% |
| Waterstone Mortgage Corporation | $75,000 | $1,445,000 | 1,826.7% | 0.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $2,405,000 | $1,440,000 | -40.1% | 0.2% |
| JMAC LENDING, INC. | $330,000 | $1,390,000 | 321.2% | 0.2% |
| Republic State Mortgage Co. | $1,555,000 | $1,390,000 | -10.6% | 0.2% |
| SOUTHWEST FUNDING, LP | $3,780,000 | $1,350,000 | -64.3% | 0.2% |
| CLEARPATH LENDING | $2,100,000 | $1,330,000 | -36.7% | 0.2% |
| The Federal Savings Bank | $1,195,000 | $1,315,000 | 10.0% | 0.2% |
| KELLER MORTGAGE, LLC | $1,420,000 | $1,305,000 | -8.1% | 0.2% |
| PHH Mortgage Corporation | $275,000 | $1,255,000 | 356.4% | 0.1% |
| NexBank | $685,000 | $1,240,000 | 81.0% | 0.1% |
| Bank of England | $1,695,000 | $1,205,000 | -28.9% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $6,325,000 | $1,155,000 | -81.7% | 0.1% |
| Network Funding, L.P. | $1,275,000 | $1,140,000 | -10.6% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $2,520,000 | $1,110,000 | -56.0% | 0.1% |
| PREMIA MORTGAGE, LLC | $440,000 | $1,105,000 | 151.1% | 0.1% |
| CHEVRON | $430,000 | $1,100,000 | 155.8% | 0.1% |
| National Exchange Bank and Trust | $1,055,000 | n/a | 0.1% | |
| ACADEMY MORTGAGE CORPORATION | $1,795,000 | $1,040,000 | -42.1% | 0.1% |
| DAS Acquisition Company, LLC | $1,035,000 | n/a | 0.1% | |
| Amerifirst Financial, Inc. | $1,325,000 | $1,015,000 | -23.4% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $215,000 | $985,000 | 358.1% | 0.1% |
| ANGEL OAK HOME LOANS LLC | $965,000 | n/a | 0.1% | |
| SIRVA MORTGAGE, INC. | $945,000 | n/a | 0.1% | |
| Loan Simple, Inc. | $915,000 | n/a | 0.1% | |
| S1L, Inc. | $265,000 | $915,000 | 245.3% | 0.1% |
| Carrington Mortgage Services, LLC | $3,030,000 | $895,000 | -70.5% | 0.1% |
| OCEANSIDE MORTGAGE COMPANY | $2,510,000 | $895,000 | -64.3% | 0.1% |
| MORTGAGE FINANCIAL SERVICES, LLC | $105,000 | $880,000 | 738.1% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $870,000 | n/a | 0.1% | |
| Low VA Rates, LLC | $440,000 | $850,000 | 93.2% | 0.1% |
| OPEN MORTGAGE, LLC | $280,000 | $850,000 | 203.6% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,230,000 | $810,000 | -34.1% | 0.1% |
| Frost Bank | $1,635,000 | $765,000 | -53.2% | 0.1% |
| CSL Financial, LLC | $850,000 | $755,000 | -11.2% | 0.1% |
| Evolve Bank & Trust | $540,000 | $740,000 | 37.0% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $800,000 | $720,000 | -10.0% | 0.1% |
| Axos Bank | $820,000 | $690,000 | -15.9% | 0.1% |
| Happy State Bank | $610,000 | $690,000 | 13.1% | 0.1% |
| NEW DAY FINANCIAL, LLC | $980,000 | $675,000 | -31.1% | 0.1% |
| ACCELERATE MORTGAGE, LLC | $235,000 | $660,000 | 180.9% | 0.1% |
| LIMA ONE CAPITAL, LLC | $660,000 | n/a | 0.1% | |
| COUNTRYPLACE MORTGAGE, LTD. | $625,000 | $650,000 | 4.0% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $1,725,000 | $625,000 | -63.8% | 0.1% |
| SWBC MORTGAGE CORPORATION | $270,000 | $615,000 | 127.8% | 0.1% |
| CONTOUR MORTGAGE CORPORATION | $355,000 | $605,000 | 70.4% | 0.1% |
| Commerce Home Mortgage, Inc. | $670,000 | $595,000 | -11.2% | 0.1% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $2,700,000 | $575,000 | -78.7% | 0.1% |
| Flagstar Bank, FSB | $1,305,000 | $570,000 | -56.3% | 0.1% |
| BAY EQUITY LLC | $720,000 | $565,000 | -21.5% | 0.1% |
| Equity Prime Mortgage LLC | $560,000 | n/a | 0.1% | |
| PNC Bank | $145,000 | $550,000 | 279.3% | 0.1% |
| ARC HOME LLC | $545,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $1,935,000 | $525,000 | -72.9% | 0.1% |
| BOKF | $415,000 | $510,000 | 22.9% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $155,000 | $485,000 | 212.9% | 0.1% |
| AMERICAN ADVISORS GROUP | $460,000 | $475,000 | 3.3% | 0.1% |
| MOUNTAIN WEST FINANCIAL, INC. | $400,000 | $470,000 | 17.5% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $105,000 | $450,000 | 328.6% | 0.1% |
| DATA MORTGAGE, INC. | $130,000 | $440,000 | 238.5% | 0.1% |
| V.I.P. MORTGAGE, INC. | $420,000 | n/a | 0.0% | |
| Assurance Financial Group, L.L.C. | $405,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $145,000 | $400,000 | 175.9% | 0.0% |
| First National Bank Texas | $445,000 | $400,000 | -10.1% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $890,000 | $400,000 | -55.1% | 0.0% |
| SCHLUMBERGER EMPLOYEES CREDIT UNION | $475,000 | $400,000 | -15.8% | 0.0% |
| CORNERSTONE HOME LENDING, INC. | $715,000 | $370,000 | -48.3% | 0.0% |
| MANN FINANCIAL INC. | $365,000 | n/a | 0.0% | |
| TEXAS TECH | $945,000 | $365,000 | -61.4% | 0.0% |
| Truity Federal Credit Union | $355,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $185,000 | $340,000 | 83.8% | 0.0% |
| Amarillo National Bank | $205,000 | $325,000 | 58.5% | 0.0% |
| First Bank | $325,000 | n/a | 0.0% | |
| First Mortgage Solutions, LLC | $365,000 | $325,000 | -11.0% | 0.0% |
| RESIDENTIAL BANCORP. | $320,000 | n/a | 0.0% | |
| CIVIC FINANCIAL SERVICES, LLC | $305,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $805,000 | $295,000 | -63.4% | 0.0% |
| Texas Bank and Trust Company | $295,000 | n/a | 0.0% | |
| Wallick & Volk, Inc. | $295,000 | n/a | 0.0% | |
| Hometown Lenders, Inc. | $285,000 | n/a | 0.0% | |
| International Bank of Commerce | $280,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $255,000 | $275,000 | 7.8% | 0.0% |
| CERTIFIED FUNDING, L.P. | $275,000 | n/a | 0.0% | |
| COMMUNITY MORTGAGE FUNDING, LLC | $525,000 | $275,000 | -47.6% | 0.0% |
| HOMETRUST MORTGAGE COMPANY | $275,000 | n/a | 0.0% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $265,000 | n/a | 0.0% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $265,000 | n/a | 0.0% | |
| NBKC BANK | $235,000 | $265,000 | 12.8% | 0.0% |
| Reliant Bank | $265,000 | $265,000 | 0.0% | 0.0% |
| A&D Mortgage LLC | $260,000 | n/a | 0.0% | |
| Rocky Mountain Mortgage Company | $225,000 | $260,000 | 15.6% | 0.0% |
| Community First National Bank | $255,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $1,770,000 | $255,000 | -85.6% | 0.0% |
| SUMMIT FUNDING, INC. | $255,000 | n/a | 0.0% | |
| American Momentum Bank | $2,120,000 | $250,000 | -88.2% | 0.0% |
| BM Real Estate Services, Inc. | $245,000 | n/a | 0.0% | |
| CLM MORTGAGE, INC | $245,000 | n/a | 0.0% | |
| MEMBER FIRST MORTGAGE, LLC | $425,000 | $245,000 | -42.4% | 0.0% |
| RB MORTGAGE LLC | $245,000 | n/a | 0.0% | |
| Strong Home Mortgage, LLC | $245,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $245,000 | n/a | 0.0% | |
| Arvest Bank | $165,000 | $235,000 | 42.4% | 0.0% |
| EECU | $470,000 | $235,000 | -50.0% | 0.0% |
| First National Bank of Omaha | $235,000 | n/a | 0.0% | |
| SECURITY SERVICE | $235,000 | $230,000 | -2.1% | 0.0% |
| UNION HOME MORTGAGE CORP. | $875,000 | $230,000 | -73.7% | 0.0% |
| Colonial Savings, F.A. | $665,000 | $225,000 | -66.2% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $205,000 | $225,000 | 9.8% | 0.0% |
| HOMEWAY MORTGAGE LLC | $225,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $245,000 | $225,000 | -8.2% | 0.0% |
| Plains Commerce Bank | $225,000 | n/a | 0.0% | |
| WESTERN EXPRESS LENDING | $225,000 | n/a | 0.0% | |
| Guaranty Bank & Trust, N.A. | $215,000 | n/a | 0.0% | |
| Paramount Bank | $215,000 | n/a | 0.0% | |
| RBC Bank, (Georgia) | $215,000 | n/a | 0.0% | |
| American National Bank & Trust | $235,000 | $205,000 | -12.8% | 0.0% |
| Austin Capital Bank SSB | $205,000 | n/a | 0.0% | |
| BEST CAPITAL FUNDING | $455,000 | $205,000 | -54.9% | 0.0% |
| Goldwater Bank, N.A. | $205,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $205,000 | n/a | 0.0% | |
| Texas Mortgage Lending, LLC | $175,000 | $205,000 | 17.1% | 0.0% |
| VISION ONE MORTGAGE, INC. | $205,000 | n/a | 0.0% | |
| AgFirst Farm Credit Bank | $195,000 | n/a | 0.0% | |
| Baxter Credit Union | $195,000 | n/a | 0.0% | |
| Colten Mortgage, LLC | $675,000 | $195,000 | -71.1% | 0.0% |
| Metro City Bank | $195,000 | n/a | 0.0% | |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $195,000 | $195,000 | 0.0% | 0.0% |
| ON Q FINANCIAL, INC. | $205,000 | $195,000 | -4.9% | 0.0% |
| Chicago Mortgage Solutions LLC | $185,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $185,000 | n/a | 0.0% | |
| Regions Bank | $185,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $185,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $175,000 | n/a | 0.0% | |
| FAMILY FIRST FUNDING LLC | $175,000 | n/a | 0.0% | |
| LOANLEADERS OF AMERICA, INC. | $205,000 | $175,000 | -14.6% | 0.0% |
| NP, Inc. | $370,000 | $175,000 | -52.7% | 0.0% |
| PILGRIM MORTGAGE LLC | $205,000 | $175,000 | -14.6% | 0.0% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $170,000 | n/a | 0.0% | |
| Independent Bank | $165,000 | n/a | 0.0% | |
| STEARNS LENDING, LLC | $305,000 | $165,000 | -45.9% | 0.0% |
| A+ Federal Credit Union | $155,000 | n/a | 0.0% | |
| NMSI, INC. | $155,000 | n/a | 0.0% | |
| Texana Bank | $155,000 | n/a | 0.0% | |
| TEXAS DOW EMPLOYEES CREDIT UNION | $155,000 | n/a | 0.0% | |
| First United Bank and Trust Company | $145,000 | n/a | 0.0% | |
| Midwest Mortgage Associates Corporation | $305,000 | $145,000 | -52.5% | 0.0% |
| TIB The Independent Bankersbank | $145,000 | n/a | 0.0% | |
| GMFS LLC | $135,000 | n/a | 0.0% | |
| Magnolia Bank | $135,000 | n/a | 0.0% | |
| WILLOW BEND MORTGAGE COMPANY, LLC | $135,000 | n/a | 0.0% | |
| Discover Bank | $615,000 | $130,000 | -78.9% | 0.0% |
| Great Plains National Bank | $125,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $500,000 | $125,000 | -75.0% | 0.0% |
| Watermark Capital, Inc. | $125,000 | n/a | 0.0% | |
| Secured Investment Corp. | $115,000 | n/a | 0.0% | |
| The First Liberty National Bank | $115,000 | n/a | 0.0% | |
| FirstBank | $500,000 | $110,000 | -78.0% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $105,000 | n/a | 0.0% | |
| REVERSE MORTGAGE FUNDING LLC | $95,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $165,000 | $90,000 | -45.5% | 0.0% |
| IMPAC MORTGAGE CORP. | $85,000 | n/a | 0.0% | |
| TEXAS TRUST | $85,000 | n/a | 0.0% | |
| TRUWEST Credit Union | $85,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $75,000 | n/a | 0.0% | |
| RANDOLPH-BROOKS | $155,000 | $75,000 | -51.6% | 0.0% |
| Manufacturers and Traders Trust Company | $165,000 | $65,000 | -60.6% | 0.0% |
| RED RIVER EMPLOYEES | $165,000 | $65,000 | -60.6% | 0.0% |
| Cadence Bank, N.A. | $55,000 | n/a | 0.0% | |
| Bank of Whittier | $5,000 | n/a | 0.0% |
ODESSA's top lender by overall market share is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 9.4% market share. In second place, with 6.5%, is QUICKEN LOANS, LLC, having originated $55,095,000 in loans. In third place, with 4.9%, is FREEDOM MORTGAGE CORPORATION, having originated $41,200,000 in loans. In third place, with 4.5%, is DHI MORTGAGE COMPANY, LTD., having originated $38,090,000 in loans. In third place, with 4.3%, is AMCAP MORTGAGE, LTD., having originated $36,010,000 in loans.
ODESSA, TX Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,418 | $504,130,000 | $208,490 |
| Refi | 1,304 | $266,420,000 | $204,310 |
| Cash Out Refi | 336 | $64,330,000 | $191,458 |
| Home Improvement | 86 | $8,800,000 | $102,326 |
| Other | 12 | $1,750,000 | $145,833 |
Odessa's most frequently cited loan purpose was Home Purchase, with 2,418 originations. The 2nd most popular reason was Refi, with 1,304 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,677 | $360,505,000 | $214,970 |
| 2.5-3% | 1,239 | $270,995,000 | $218,721 |
| <2.5% | 494 | $95,120,000 | $192,551 |
| 4-5% | 195 | $42,215,000 | $216,487 |
| Over 8% | 146 | $14,290,000 | $97,877 |
| 6-7% | 64 | $8,580,000 | $134,063 |
| 5-6% | 64 | $9,560,000 | $149,375 |
| 7-8% | 38 | $3,670,000 | $96,579 |
During 2021, Odessa's most frequently originated rate bucket was 3-4%, with 1,677 originations.
Loan Sizing (ODESSA, TX MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,926 | $495,010,000 | $257,015 |
| $100k-200k | 1,676 | $263,920,000 | $157,470 |
| $100,000 or less | 446 | $27,400,000 | $61,435 |
| $400k-600k | 99 | $46,305,000 | $467,727 |
| $Over $1MM | 5 | $9,375,000 | $1,875,000 |
| $600k-1000k | 4 | $3,420,000 | $855,000 |
ODESSA's loan sizing saw the bucket of loans from $200k-400k with 1,926 originations, totaling $495,010,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,463 | $534,945,000 | $217,192 |
| 60-80% | 804 | $163,670,000 | $203,570 |
| 40-60% | 212 | $37,870,000 | $178,632 |
| Under 20% | 87 | $2,365,000 | $27,184 |
| Over 100% | 51 | $10,785,000 | $211,471 |
| 20-40% | 49 | $4,785,000 | $97,653 |
ODESSA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,463 originations, totaling $534,945,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - ODESSA (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $204,200 (13.5%) | $310,892 (15.5%) | 0.75 | 254 |
| 2018-02-01 | $212,500 (14.9%) | $356,919 (30.7%) | 0.77 | 217 |
| 2018-03-01 | $230,000 (19.2%) | $386,877 (42.5%) | 0.80 | 186 |
| 2018-04-01 | $252,450 (28.8%) | $408,557 (53.8%) | 0.85 | 184 |
| 2018-05-01 | $259,950 (32.5%) | $407,270 (51.2%) | 0.87 | 211 |
| 2018-06-01 | $287,500 (46.9%) | $462,856 (64.4%) | 0.96 | 203 |
| 2018-07-01 | $281,833 (44.5%) | $431,506 (54.1%) | 0.94 | 214 |
| 2018-08-01 | $285,950 (43.1%) | $431,749 (40.4%) | 0.96 | 222 |
| 2018-09-01 | $270,600 (35.4%) | $403,910 (30.8%) | 0.91 | 242 |
| 2018-10-01 | $266,000 (33.2%) | $384,021 (22.8%) | 0.89 | 271 |
| 2018-11-01 | $259,450 (25.3%) | $354,797 (12.0%) | 0.87 | 265 |
| 2018-12-01 | $270,000 (35.1%) | $372,319 (19.4%) | 0.92 | 249 |
| 2019-01-01 | $267,450 (31.0%) | $368,400 (18.5%) | 0.92 | 242 |
| 2019-02-01 | $267,450 (25.9%) | $370,219 (3.7%) | 0.90 | 234 |
| 2019-03-01 | $289,229 (25.8%) | $384,169 (-0.7%) | 0.94 | 212 |
| 2019-04-01 | $324,450 (28.5%) | $407,613 (-0.2%) | 1.02 | 205 |
| 2019-05-01 | $324,404 (24.8%) | $433,116 (6.4%) | 1.00 | 226 |
| 2019-06-01 | $315,000 (9.6%) | $438,871 (-5.2%) | 0.97 | 275 |
| 2019-07-01 | $326,750 (15.9%) | $438,145 (1.5%) | 1.02 | 303 |
| 2019-08-01 | $319,100 (11.6%) | $420,252 (-2.7%) | 1.00 | 325 |
| 2019-09-01 | $299,925 (10.8%) | $393,038 (-2.7%) | 0.95 | 364 |
| 2019-10-01 | $296,250 (11.4%) | $383,417 (-0.2%) | 0.95 | 421 |
| 2019-11-01 | $293,000 (12.9%) | $381,167 (7.4%) | 0.95 | 432 |
| 2019-12-01 | $294,875 (9.2%) | $370,547 (-0.5%) | 0.98 | 400 |
| 2020-01-01 | $284,950 (6.5%) | $366,782 (-0.4%) | 0.95 | 392 |
| 2020-02-01 | $294,000 (9.9%) | $363,356 (-1.9%) | 0.95 | 395 |
| 2020-03-01 | $291,950 (0.9%) | $357,927 (-6.8%) | 0.91 | 426 |
| 2020-04-01 | $284,950 (-12.2%) | $349,796 (-14.2%) | 0.89 | 472 |
| 2020-05-01 | $279,900 (-13.7%) | $341,826 (-21.1%) | 0.85 | 499 |
| 2020-06-01 | $281,000 (-10.8%) | $357,711 (-18.5%) | 0.82 | 510 |
| 2020-07-01 | $279,900 (-14.3%) | $360,609 (-17.7%) | 0.80 | 537 |
| 2020-08-01 | $275,000 (-13.8%) | $353,549 (-15.9%) | 0.79 | 561 |
| 2020-09-01 | $262,450 (-12.5%) | $338,533 (-13.9%) | 0.75 | 586 |
| 2020-10-01 | $254,900 (-14.0%) | $329,365 (-14.1%) | 0.73 | 622 |
| 2020-11-01 | $240,000 (-18.1%) | $313,161 (-17.8%) | 0.69 | 686 |
| 2020-12-01 | $240,000 (-18.6%) | $311,707 (-15.9%) | 0.70 | 702 |
| 2021-01-01 | $235,000 (-17.5%) | $298,123 (-18.7%) | 0.69 | 690 |
| 2021-02-01 | $237,450 (-19.2%) | $297,351 (-18.2%) | 0.68 | 700 |
| 2021-03-01 | $240,000 (-17.8%) | $304,203 (-15.0%) | 0.67 | 701 |
| 2021-04-01 | $243,950 (-14.4%) | $301,680 (-13.8%) | 0.66 | 685 |
| 2021-05-01 | $249,900 (-10.7%) | $312,078 (-8.7%) | 0.66 | 675 |
| 2021-06-01 | $244,000 (-13.2%) | $311,236 (-13.0%) | 0.63 | 656 |
| 2021-07-01 | $245,000 (-12.5%) | $318,476 (-11.7%) | 0.64 | 689 |
| 2021-08-01 | $242,500 (-11.8%) | $329,477 (-6.8%) | 0.64 | 693 |
| 2021-09-01 | $245,000 (-6.7%) | $325,819 (-3.8%) | 0.64 | 693 |
| 2021-10-01 | $244,900 (-3.9%) | $320,128 (-2.8%) | 0.64 | 663 |
| 2021-11-01 | $242,500 (1.0%) | $309,730 (-1.1%) | 0.64 | 687 |
| 2021-12-01 | $245,000 (2.1%) | $308,822 (-0.9%) | 0.65 | 636 |
| 2022-01-01 | $255,000 (8.5%) | $331,330 (11.1%) | 0.68 | 567 |
| 2022-02-01 | $262,450 (10.5%) | $337,214 (13.4%) | 0.67 | 539 |
| 2022-03-01 | $272,450 (13.5%) | $338,058 (11.1%) | 0.67 | 470 |
| 2022-04-01 | $283,155 (16.1%) | $348,671 (15.6%) | 0.67 | 480 |
ODESSA's median listing price for 2022-04-01 was $283,155, a difference of
$39,205
(16.1%) versus the prior year and
$10,705 versus the prior month.
ODESSA's median listing price comes in at 67% of the national average.
ODESSA's average listing price for 2022-04-01 was $348,671, a difference of $46,991 (15.6%) versus the prior year and $10,613 versus the prior month.
For the 2022-04-01 period, ODESSA had 480 MLS listings, a difference of 10 listings (2%) versus the prior month and -205 listings (-30%) versus the prior year.
ODESSA's median listing price comes in at 67% of the national average.
ODESSA's average listing price for 2022-04-01 was $348,671, a difference of $46,991 (15.6%) versus the prior year and $10,613 versus the prior month.
For the 2022-04-01 period, ODESSA had 480 MLS listings, a difference of 10 listings (2%) versus the prior month and -205 listings (-30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - ODESSA (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 65 days | 1,949 sqft |
| 2018-02-01 | 63 days | 2,066 sqft |
| 2018-03-01 | 36 days | 2,140 sqft |
| 2018-04-01 | 30 days | 2,153 sqft |
| 2018-05-01 | 29 days | 2,251 sqft |
| 2018-06-01 | 41 days | 2,400 sqft |
| 2018-07-01 | 42 days | 2,353 sqft |
| 2018-08-01 | 40 days | 2,298 sqft |
| 2018-09-01 | 35 days | 2,216 sqft |
| 2018-10-01 | 36 days | 2,122 sqft |
| 2018-11-01 | 41 days | 2,079 sqft |
| 2018-12-01 | 55 days | 2,089 sqft |
| 2019-01-01 | 61 days | 2,096 sqft |
| 2019-02-01 | 50 days | 2,100 sqft |
| 2019-03-01 | 34 days | 2,221 sqft |
| 2019-04-01 | 30 days | 2,346 sqft |
| 2019-05-01 | 35 days | 2,336 sqft |
| 2019-06-01 | 37 days | 2,338 sqft |
| 2019-07-01 | 40 days | 2,335 sqft |
| 2019-08-01 | 38 days | 2,275 sqft |
| 2019-09-01 | 44 days | 2,201 sqft |
| 2019-10-01 | 43 days | 2,212 sqft |
| 2019-11-01 | 50 days | 2,217 sqft |
| 2019-12-01 | 68 days | 2,235 sqft |
| 2020-01-01 | 72 days | 2,095 sqft |
| 2020-02-01 | 63 days | 2,089 sqft |
| 2020-03-01 | 48 days | 2,069 sqft |
| 2020-04-01 | 49 days | 2,064 sqft |
| 2020-05-01 | 56 days | 2,045 sqft |
| 2020-06-01 | 53 days | 2,049 sqft |
| 2020-07-01 | 53 days | 2,026 sqft |
| 2020-08-01 | 49 days | 2,014 sqft |
| 2020-09-01 | 49 days | 1,960 sqft |
| 2020-10-01 | 52 days | 1,908 sqft |
| 2020-11-01 | 53 days | 1,872 sqft |
| 2020-12-01 | 63 days | 1,863 sqft |
| 2021-01-01 | 74 days | 1,828 sqft |
| 2021-02-01 | 70 days | 1,846 sqft |
| 2021-03-01 | 60 days | 1,855 sqft |
| 2021-04-01 | 56 days | 1,884 sqft |
| 2021-05-01 | 52 days | 1,920 sqft |
| 2021-06-01 | 57 days | 1,866 sqft |
| 2021-07-01 | 56 days | 1,862 sqft |
| 2021-08-01 | 58 days | 1,867 sqft |
| 2021-09-01 | 63 days | 1,874 sqft |
| 2021-10-01 | 63 days | 1,864 sqft |
| 2021-11-01 | 65 days | 1,867 sqft |
| 2021-12-01 | 68 days | 1,865 sqft |
| 2022-01-01 | 67 days | 1,890 sqft |
| 2022-02-01 | 60 days | 1,919 sqft |
| 2022-03-01 | 50 days | 1,900 sqft |
| 2022-04-01 | 44 days | 1,900 sqft |
ODESSA's median listing age (time on market) for 2022-04-01 was 44 days.
This
is -21%
shorter
than the same period one year ago.
ODESSA's median square footage for active listings during the 2022-04-01 period was 1,900 sqft. One year prior, the average listing was 1,884 sqft.
ODESSA's median square footage for active listings during the 2022-04-01 period was 1,900 sqft. One year prior, the average listing was 1,884 sqft.
