Rcb Bank Mortgage Rates, Fees & Info

Claremore, OK

LEI: 2549007W5PWUV8XG3V90

Tax ID: 73-0427310

5 stars - Updated: 7/20/24 - out of 5 stars, based on 25 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Rcb Bank is a smaller bank specializing in Home Purchase loans. Rcb Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Tulsa, Oklahoma City, Wichita, Stillwater, and Ponca City among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)

Rcb Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Rcb Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 7.46% 7/20/24
30 Year Conventional Purchase 6.81% 7/20/24
30 Year Conventional Refi 6.76% 7/20/24
30 Year Cash-out Refi 7.07% 7/20/24
30 Year FHA Purchase 7.67% 7/20/24
30 Year FHA Refi 6.27% 7/20/24
30 Year VA Purchase 6.65% 7/20/24
30 Year USDA Purchase 7.33% 7/20/24
15 Year Conventional Purchase 6.51% 7/20/24
15 Year Conventional Refi 6.53% 7/20/24
15 Year Cash-out Refi 6.53% 7/20/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Rcb Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Rcb Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

643

Origination Dollar Volume (All Markets)

$135,635,000
Show all (12) awards

Relative Rate

Rcb Bank's average 30 year fixed mortgage rate was 6.17%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.31%.

Relative Fees (Closing Costs)

Rcb Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,093.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
TULSA, OK (FHA|USDA|VA) 207 $42,995,000 $207,705 $3,691 6.52%
OKLAHOMA CITY, OK (FHA|USDA|VA) 84 $21,150,000 $251,786 $4,038 6.81%
WICHITA, KS (FHA|USDA|VA) 54 $17,560,000 $325,185 $2,843 6.93%
Stillwater, OK (FHA|USDA|VA) 50 $12,160,000 $243,200 $3,940 6.07%
Outside of Metro Areas 66 $11,500,000 $174,242 $3,427 6.41%
Ponca City, OK (FHA|USDA|VA) 70 $8,660,000 $123,714 $3,464 6.74%
Winfield, KS (FHA|USDA|VA) 42 $4,900,000 $116,667 $2,669 6.43%
Hutchinson, KS (FHA|USDA|VA) 20 $2,790,000 $139,500 $3,734 7.32%
LAWRENCE, KS (FHA|USDA|VA) 8 $2,690,000 $336,250 $2,914 6.04%
KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $2,040,000 $340,000 $3,211 6.09%
ENID, OK (FHA|USDA|VA) 5 $1,675,000 $335,000 $4,099 7.50%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $5,326 4.93%
McAlester, OK (FHA|USDA|VA) 2 $1,350,000 $675,000 $2,774 6.01%
Bartlesville, OK (FHA|USDA|VA) 7 $855,000 $122,143 $4,409 6.93%
Coffeyville, KS (FHA|USDA|VA) 3 $765,000 $255,000 $2,700 6.38%
Muskogee, OK (FHA|USDA|VA) 2 $470,000 $235,000 $3,791 5.58%
Tahlequah, OK (FHA|USDA|VA) 3 $395,000 $131,667 $4,242 5.82%
Miami, OK (FHA|USDA|VA) 2 $380,000 $190,000 $2,270 6.80%
TOPEKA, KS (FHA|USDA|VA) 2 $340,000 $170,000 $4,206 5.89%
Pittsburg, KS (FHA|USDA|VA) 1 $325,000 $325,000 $3,692 8.75%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $265,000 $265,000 $0 7.38%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,521 6.89%
McPherson, KS (FHA|USDA|VA) 2 $200,000 $100,000 $0 8.52%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $175,000 $175,000 $0 8.00%
LAWTON, OK (FHA|USDA|VA) 1 $115,000 $115,000 $6,070 6.75%
JOPLIN, MO (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.50%
Garden City, KS (FHA|USDA|VA) 1 $45,000 $45,000 $1,242 8.25%
Rcb Bank's top markets include Tulsa, Oklahoma City, Wichita, Stillwater, and Ponca City among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 583 $124,105,000 $212,873 $3,347 6.49%
    HELOC 28 $5,520,000 $197,143 n/a 8.82%
    FHA 18 $3,110,000 $172,778 $6,569 6.82%
    VA 10 $2,270,000 $227,000 $6,829 6.63%
    USDA 4 $630,000 $157,500 $5,345 6.78%

    For 2023, Rcb Bank's most frequently originated type of loan was Conventional, with 583 originations. Their 2nd most popular type was HELOC, with 28 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 432 $108,680,000 $251,574 $4,157 6.52%
    Refi 71 $13,155,000 $185,282 $1,796 7.39%
    Cash Out Refi 64 $8,140,000 $127,188 $2,610 5.65%
    Home Improvement 51 $3,705,000 $72,647 $1,799 7.45%
    Other 25 $1,955,000 $78,200 $2,494 6.48%

    For 2023, Rcb Bank's most frequently cited loan purpose was Home Purchase, with 432 originations. The 2nd most popular reason was Refi, with 71 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 202 $44,970,000 $222,624 $4,053 6.34%
    30 Year 200 $53,070,000 $265,350 $4,093 6.17%
    15 Year 72 $6,050,000 $84,028 $1,679 6.84%
    10 Year 60 $6,080,000 $101,333 $2,316 6.03%
    Other 60 $16,080,000 $268,000 $1,891 7.67%
    1 Year 35 $8,845,000 $252,714 $5,189 8.89%
    5 Year 14 $540,000 $38,571 $1,077 7.59%

    For 2023, Rcb Bank's most frequently cited loan duration was 20 Year, with 202 originations. The 2nd most popular length was 30 Year, with 200 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 237 $53,905,000 $227,447
    $1k-2k 136 $21,090,000 $155,074
    $2k-3k 68 $16,880,000 $248,235
    $3k-4k 10 $2,860,000 $286,000
    $4k-5k 2 $600,000 $300,000
    $5k+ 1 $565,000 $565,000

    Rcb Bank's average total fees were $4,093, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 237 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 232 $50,920,000 $219,483
    6-7% 130 $28,020,000 $215,538
    Over 8% 126 $26,420,000 $209,683
    7-8% 114 $19,850,000 $174,123
    4-5% 40 $9,090,000 $227,250
    3-4% 1 $1,335,000 $1,335,000

    During 2023, Rcb Bank's average interest rate for loans was 6.17%, while their most frequently originated rate bucket for loans was 5-6%, with 232 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 208 $11,990,000 $57,644 $1,928 6.89%
    $200k-400k 204 $55,290,000 $271,029 $4,325 6.26%
    $100k-200k 172 $25,120,000 $146,047 $3,917 6.69%
    $400k-600k 34 $16,360,000 $481,176 $4,061 6.41%
    $600k-1MM 17 $12,205,000 $717,941 $5,337 6.37%
    $1MM+ 8 $14,670,000 $1,833,750 $5,149 7.00%

    2023 saw Rcb Bank place emphasis on $100,000 or less loans with 208 originations, totaling $11,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 133 $26,445,000 $198,835 $3,694 6.37%
    $150k-250k 98 $26,700,000 $272,449 $3,659 6.49%
    $75k-100k 91 $14,385,000 $158,077 $4,080 6.27%
    $50k-75k 81 $8,945,000 $110,432 $2,830 6.28%
    $50k or less 64 $5,220,000 $81,563 $3,039 6.20%
    $250k+ 56 $21,660,000 $386,786 $4,124 6.25%

    Rcb Bank lent most frequently to those with incomes in the $100k-150k range, with 133 originations. The second most popular income band? $150k-250k, with 98 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 124 $24,110,000 $194,435 $3,303 6.10%
    30-36% 123 $25,625,000 $208,333 $3,474 6.27%
    <20% 72 $14,230,000 $197,639 $3,176 5.71%
    37% 20 $5,030,000 $251,500 $3,345 5.96%
    36% 20 $5,190,000 $259,500 $4,546 5.82%
    40% 18 $4,190,000 $232,778 $4,039 5.89%
    38% 17 $3,405,000 $200,294 $3,490 5.66%
    39% 16 $2,670,000 $166,875 $3,832 5.74%
    42% 14 $3,740,000 $267,143 $4,061 5.90%
    41% 11 $2,395,000 $217,727 $4,483 5.96%
    46% 8 $2,360,000 $295,000 $5,400 6.98%
    49% 7 $1,165,000 $166,429 $4,222 6.88%
    50-60% 7 $1,345,000 $192,143 $3,824 7.14%
    44% 7 $1,165,000 $166,429 $3,699 6.70%
    45% 5 $745,000 $149,000 $3,372 6.98%
    47% 3 $385,000 $128,333 $6,233 7.47%
    48% 2 $300,000 $150,000 $3,933 7.19%
    43% 2 $420,000 $210,000 $6,124 6.63%
    >60% 2 $150,000 $75,000 $1,338 6.71%

    Rcb Bank lent most frequently to those with DTI ratios of 20-30%, with 124 originations. The next most common DTI ratio? 30-36%, with 123 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 437 $82,325,000 $188,387 $3,471 6.37%
    Not applicable 109 $29,865,000 $273,991 $0 7.97%
    American Indian 52 $11,130,000 $214,038 $4,170 6.26%
    Not provided 21 $6,115,000 $291,190 $3,772 5.97%
    Asian 15 $4,335,000 $289,000 $4,094 5.77%
    Asian Indian 2 $1,050,000 $525,000 $4,637 5.79%
    Black 7 $815,000 $116,429 $2,988 6.05%

    Approval Rates

    Total approvals of all applications
    85.92%

    Rcb Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.69%

    Rcb Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 643 $135,635,000 $210,941

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    643 $135,635,000 $210,941

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 84 $12,020,000 $143,095 $2,650 6.69%
    40-60% 97 $20,955,000 $216,031 $3,086 6.56%
    60-80% 200 $50,760,000 $253,800 $3,977 6.58%
    80-100% 209 $48,495,000 $232,033 $4,163 6.49%
    Over 100% 3 $505,000 $168,333 $10,719 7.14%
    Under 20% 50 $2,900,000 $58,000 $1,633 7.07%