Top Mortgage Lenders in Odessa, TX

Which mortgage lender in the Odessa, TX area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Odessa, TX area by interest rate and market share. Unlike our competitors, we maintain independence by not accepting any compensation from the mortgage lenders we rank. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings.

Going by historical data, the best mortgage lender in the Odessa, TX area in terms of interest rate is Southwest Bank, with an average “Rate Difference” of -0.28%. This means that, comparing similar borrowers, Southwest Bank provided a -0.28% lower interest rate for its customers than other lenders in the area. Southwest Bank has a market share of 5.6%. On the other hand, the most popular lender in the Odessa, TX area is PrimeLending, with a larger market share of 14.9%. However, PrimeLending also tends to be an expensive lender in the area, with an average “Rate Difference” of +0.12% compared to those of other lenders. We recommend shopping around before going with this popular lender.

Our detailed ranking of mortgage lenders in the Odessa, TX area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, the cheapest lender for Conventional mortgages in Odessa, TX is Southwest Bank. If you want to take out a loan that is above conforming limits (for example, above $548,250 in 2021), the cheapest Jumbo mortgage provider is AimBank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Southwest Bank. The cheapest VA mortgage provider is USAA. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.

Ranking of Mortgage Lenders in Odessa, TX

Mortgage Type:
Purchase/Refinance:
Lender NameRate DifferenceRate RatingMarket Share
Southwest Bank-0.28%(5.0)5.62%
DHI Mortgage Company Limited-0.19%(4.5)7.77%
Wells Fargo Bank-0.15%(4.0)2.54%
AimBank-0.15%(4.0)4.78%
Bank of America-0.13%(4.0)1.79%
JPMorgan Chase Bank-0.12%(4.0)1.89%
USAA-0.11%(4.0)1.74%
Quicken Loans-0.06%(4.0)10.50%
Supreme Lending-0.05%(4.0)4.38%
Benchmark-0.02%(3.5)5.53%
Service First Mortgage-0.02%(3.5)3.09%
Gateway First Bank-0.01%(3.5)3.29%
Guild Mortgage Company0.01%(3.5)2.54%
First Choice Loan Services0.01%(3.5)4.43%
Mr. Cooper0.04%(3.5)1.59%
Nations Reliable Lending0.05%(3.5)5.38%
Southwest Funding0.11%(3.0)2.39%
PrimeLending0.12%(3.0)14.93%
FBC Mortgage0.12%(3.0)11.55%
Mortgage Solutions Financial0.23%(2.5)2.24%
Cascade Financial Services0.74%(1.0)2.04%
Lender NameRate DifferenceRate RatingMarket Share
Southwest Bank-0.31%(5.0)6.00%
DHI Mortgage Company Limited-0.19%(4.5)9.01%
Wells Fargo Bank-0.18%(4.5)1.96%
AimBank-0.16%(4.5)5.08%
JPMorgan Chase Bank-0.15%(4.0)1.39%
Bank of America-0.15%(4.0)1.44%
USAA-0.12%(4.0)1.79%
Quicken Loans-0.11%(4.0)5.89%
Mr. Cooper-0.07%(4.0)0.81%
Supreme Lending-0.06%(4.0)4.33%
Benchmark-0.03%(3.5)6.41%
Service First Mortgage-0.02%(3.5)3.23%
Gateway First Bank-0.01%(3.5)3.29%
Guild Mortgage Company0.01%(3.5)2.60%
First Choice Loan Services0.01%(3.5)4.91%
Nations Reliable Lending0.04%(3.5)5.95%
PrimeLending0.12%(3.0)16.34%
Southwest Funding0.13%(3.0)2.42%
FBC Mortgage0.14%(3.0)12.18%
Mortgage Solutions Financial0.23%(2.5)2.60%
Cascade Financial Services0.74%(1.0)2.37%
Lender NameRate DifferenceRate RatingMarket Share
Bank of America-0.08%(4.0)3.97%
AimBank-0.07%(4.0)2.89%
Wells Fargo Bank-0.07%(4.0)6.14%
JPMorgan Chase Bank-0.05%(4.0)5.05%
Service First Mortgage-0.04%(3.5)2.17%
Southwest Funding-0.04%(3.5)2.17%
Gateway First Bank-0.04%(3.5)3.25%
FBC Mortgage-0.03%(3.5)7.58%
Guild Mortgage Company-0.01%(3.5)2.17%
Southwest Bank-0.01%(3.5)3.25%
First Choice Loan Services-0.01%(3.5)1.44%
Nations Reliable Lending-0.00%(3.5)1.81%
USAA0.00%(3.5)1.44%
Quicken Loans0.01%(3.5)39.35%
Supreme Lending0.01%(3.5)4.69%
PrimeLending0.08%(3.0)6.14%
Mr. Cooper0.16%(2.5)6.50%
Lender NameRate DifferenceRate RatingMarket Share
Southwest Bank-0.16%(4.5)5.15%
DHI Mortgage Company Limited-0.14%(4.0)5.98%
Wells Fargo Bank-0.14%(4.0)5.15%
AimBank-0.11%(4.0)4.33%
JPMorgan Chase Bank-0.11%(4.0)3.71%
Bank of America-0.10%(4.0)2.37%
USAA-0.08%(4.0)1.03%
Guild Mortgage Company-0.06%(4.0)2.06%
Quicken Loans-0.04%(3.5)17.94%
Gateway First Bank-0.04%(3.5)2.47%
Southwest Funding-0.03%(3.5)1.34%
Supreme Lending-0.02%(3.5)4.85%
Benchmark-0.02%(3.5)4.02%
FBC Mortgage-0.00%(3.5)8.35%
First Choice Loan Services0.00%(3.5)1.96%
Mortgage Solutions Financial0.02%(3.5)0.21%
Service First Mortgage0.03%(3.5)2.47%
Nations Reliable Lending0.05%(3.5)2.58%
PrimeLending0.06%(3.0)17.94%
Mr. Cooper0.14%(3.0)1.86%
Cascade Financial Services0.76%(1.0)4.23%
Lender NameRate DifferenceRate RatingMarket Share
Southwest Bank-0.20%(4.5)5.68%
Wells Fargo Bank-0.17%(4.5)4.57%
DHI Mortgage Company Limited-0.15%(4.0)8.03%
JPMorgan Chase Bank-0.14%(4.0)3.05%
AimBank-0.12%(4.0)4.71%
Bank of America-0.11%(4.0)1.66%
USAA-0.09%(4.0)1.25%
Quicken Loans-0.09%(4.0)9.56%
Guild Mortgage Company-0.06%(4.0)2.49%
Supreme Lending-0.03%(3.5)4.99%
Gateway First Bank-0.03%(3.5)2.22%
Benchmark-0.03%(3.5)5.40%
Southwest Funding-0.02%(3.5)0.97%
First Choice Loan Services0.00%(3.5)2.49%
FBC Mortgage0.01%(3.5)9.42%
Mortgage Solutions Financial0.02%(3.5)0.28%
Service First Mortgage0.05%(3.5)2.63%
Nations Reliable Lending0.05%(3.5)3.19%
PrimeLending0.06%(3.0)21.75%
Cascade Financial Services0.75%(1.0)5.68%
Lender NameRate DifferenceRate RatingMarket Share
Bank of America-0.08%(4.0)4.44%
AimBank-0.08%(4.0)3.23%
Wells Fargo Bank-0.07%(4.0)6.85%
JPMorgan Chase Bank-0.06%(4.0)5.65%
Service First Mortgage-0.05%(4.0)2.02%
FBC Mortgage-0.04%(3.5)5.24%
Gateway First Bank-0.04%(3.5)3.23%
Southwest Funding-0.04%(3.5)2.42%
Guild Mortgage Company-0.02%(3.5)0.81%
First Choice Loan Services-0.01%(3.5)0.40%
Southwest Bank-0.01%(3.5)3.63%
USAA-0.00%(3.5)0.40%
Nations Reliable Lending0.00%(3.5)0.81%
Quicken Loans0.01%(3.5)42.34%
Supreme Lending0.01%(3.5)4.44%
PrimeLending0.08%(3.0)6.85%
Mr. Cooper0.15%(2.5)7.26%
Lender NameRate DifferenceRate RatingMarket Share
Southwest Bank-0.39%(5.0)6.67%
DHI Mortgage Company Limited-0.25%(5.0)8.96%
AimBank-0.19%(4.5)5.46%
Bank of America-0.18%(4.5)1.42%
Quicken Loans-0.16%(4.5)3.28%
Mr. Cooper-0.10%(4.0)1.20%
Supreme Lending-0.09%(4.0)4.37%
JPMorgan Chase Bank-0.06%(4.0)0.22%
Service First Mortgage-0.05%(4.0)4.04%
Benchmark-0.05%(4.0)6.23%
Gateway First Bank-0.00%(3.5)3.72%
First Choice Loan Services0.00%(3.5)6.89%
Nations Reliable Lending0.03%(3.5)8.52%
Guild Mortgage Company0.06%(3.0)2.62%
Southwest Funding0.15%(2.5)3.83%
FBC Mortgage0.19%(2.5)15.74%
PrimeLending0.21%(2.5)12.46%
Mortgage Solutions Financial0.24%(2.5)4.37%
Lender NameRate DifferenceRate RatingMarket Share
Southwest Bank-0.40%(5.0)6.83%
DHI Mortgage Company Limited-0.26%(5.0)9.18%
AimBank-0.19%(4.5)5.60%
Bank of America-0.18%(4.5)1.46%
Quicken Loans-0.17%(4.5)2.91%
Mr. Cooper-0.10%(4.0)1.23%
Supreme Lending-0.09%(4.0)4.26%
JPMorgan Chase Bank-0.06%(4.0)0.22%
Service First Mortgage-0.06%(4.0)4.03%
Benchmark-0.05%(4.0)6.38%
Gateway First Bank-0.00%(3.5)3.70%
First Choice Loan Services0.01%(3.5)6.72%
Nations Reliable Lending0.03%(3.5)8.62%
Guild Mortgage Company0.07%(3.0)2.46%
Southwest Funding0.15%(2.5)3.92%
FBC Mortgage0.20%(2.5)15.23%
PrimeLending0.21%(2.5)12.77%
Mortgage Solutions Financial0.24%(2.5)4.48%
Lender NameRate DifferenceRate RatingMarket Share
Quicken Loans-0.03%(3.5)18.18%
Guild Mortgage Company-0.00%(3.5)9.09%
Gateway First Bank0.00%(3.5)4.55%
FBC Mortgage0.00%(3.5)36.36%
Nations Reliable Lending0.00%(3.5)4.55%
First Choice Loan Services0.01%(3.5)13.64%
Supreme Lending0.01%(3.5)9.09%
Service First Mortgage0.03%(3.5)4.55%
Lender NameRate DifferenceRate RatingMarket Share
AimBank0.00%(3.5)100.00%
Lender NameRate DifferenceRate RatingMarket Share
AimBank0.00%(3.5)100.00%
Insufficient data available.
Lender NameRate DifferenceRate RatingMarket Share
USAA-0.09%(4.0)20.33%
DHI Mortgage Company Limited-0.05%(4.0)13.01%
Southwest Bank-0.02%(3.5)1.63%
Service First Mortgage-0.01%(3.5)0.81%
Wells Fargo Bank-0.01%(3.5)0.81%
First Choice Loan Services-0.00%(3.5)5.69%
AimBank-0.00%(3.5)2.44%
Guild Mortgage Company-0.00%(3.5)5.69%
FBC Mortgage-0.00%(3.5)5.69%
Quicken Loans-0.00%(3.5)5.69%
Mr. Cooper0.00%(3.5)2.44%
Nations Reliable Lending0.01%(3.5)4.07%
Gateway First Bank0.01%(3.5)6.50%
Supreme Lending0.01%(3.5)0.81%
Mortgage Solutions Financial0.05%(3.0)2.44%
Benchmark0.07%(3.0)12.20%
PrimeLending0.14%(3.0)9.76%
Lender NameRate DifferenceRate RatingMarket Share
USAA-0.10%(4.0)18.97%
DHI Mortgage Company Limited-0.05%(4.0)13.79%
Southwest Bank-0.02%(3.5)1.72%
Service First Mortgage-0.01%(3.5)0.86%
Wells Fargo Bank-0.01%(3.5)0.86%
First Choice Loan Services-0.00%(3.5)6.03%
AimBank-0.00%(3.5)2.59%
FBC Mortgage-0.00%(3.5)6.03%
Guild Mortgage Company-0.00%(3.5)4.31%
Quicken Loans-0.00%(3.5)6.03%
Mr. Cooper0.00%(3.5)2.59%
Gateway First Bank0.01%(3.5)6.90%
Supreme Lending0.01%(3.5)0.86%
Nations Reliable Lending0.01%(3.5)2.59%
Mortgage Solutions Financial0.05%(3.0)2.59%
Benchmark0.07%(3.0)12.93%
PrimeLending0.14%(3.0)10.34%
Lender NameRate DifferenceRate RatingMarket Share
Nations Reliable Lending-0.00%(3.5)28.57%
Guild Mortgage Company-0.00%(3.5)28.57%
USAA0.00%(3.5)42.86%

* Data is compiled for the Odessa, TX commuting zone area, which comprises of counties of Andrews County, TX, Crane County, TX, Ector County, TX, Loving County, TX, Reeves County, TX, Ward County, TX, and Winkler County, TX. This includes cities/towns/communities of Odessa, TX as well as West Odessa, TX, Andrews, TX, Monahans, TX, Goldsmith, TX, Pecos, TX, McKinney Acres, TX, Kermit, TX, Crane, TX, Wickett, TX, Wink, TX, Balmorhea, TX, and Mentone, TX. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.

Mortgage Lender Rankings in Other Cities

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