Rcb Bank Mortgage Rates, Fees & Info

Claremore, OK

LEI: 2549007W5PWUV8XG3V90

Tax ID: 73-0427310

5 stars - Updated: 4/5/25 - out of 5 stars, based on 25 reviews

Latest/2024 | 2023 Data | 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 an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Tulsa, Wichita, Oklahoma City, Ponca City, and Stillwater among others. We have data for 33 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 about average 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) 6.72% 4/5/25
30 Year Conventional Purchase 6.27% 4/5/25
30 Year Conventional Refi 5.84% 4/5/25
30 Year Cash-out Refi 6.02% 4/5/25
30 Year FHA Purchase 7.13% 4/5/25
30 Year FHA Refi 6.72% 4/5/25
30 Year VA Purchase 6.42% 4/5/25
30 Year USDA Purchase 6.80% 4/5/25
15 Year Conventional Purchase 5.91% 4/5/25
15 Year Conventional Refi 5.79% 4/5/25
15 Year Cash-out Refi 5.79% 4/5/25
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

603

Origination Dollar Volume (All Markets)

$122,005,000
Show all (13) awards

Relative Rate

Rcb Bank's average 30 year fixed mortgage rate was 6.37%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of -0.18%.

Relative Fees (Closing Costs)

Rcb Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,775.

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 $8,356.

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) 219 $46,145,000 $210,708 $4,642 6.88%
WICHITA, KS (FHA|USDA|VA) 66 $16,270,000 $246,515 $2,639 7.57%
OKLAHOMA CITY, OK (FHA|USDA|VA) 49 $13,055,000 $266,429 $4,150 7.44%
Outside of Metro Areas 59 $9,735,000 $165,000 $3,718 7.10%
Ponca City, OK (FHA|USDA|VA) 67 $9,045,000 $135,000 $3,886 6.78%
Stillwater, OK (FHA|USDA|VA) 38 $6,240,000 $164,211 $3,828 6.85%
Winfield, KS (FHA|USDA|VA) 35 $5,125,000 $146,429 $3,148 6.77%
KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $2,105,000 $421,000 $2,598 6.77%
Bartlesville, OK (FHA|USDA|VA) 11 $1,625,000 $147,727 $4,887 6.81%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $1,485,000 $495,000 $4,302 6.00%
PROVO-OREM, UT (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $0 7.28%
LAWRENCE, KS (FHA|USDA|VA) 4 $1,190,000 $297,500 $2,888 6.66%
Miami, OK (FHA|USDA|VA) 6 $1,120,000 $186,667 $4,870 7.48%
Muskogee, OK (FHA|USDA|VA) 7 $1,095,000 $156,429 $3,731 7.30%
Hutchinson, KS (FHA|USDA|VA) 11 $1,045,000 $95,000 $1,724 7.62%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $985,000 $985,000 $17,144 5.68%
TOPEKA, KS (FHA|USDA|VA) 2 $900,000 $450,000 $1,923 7.70%
ENID, OK (FHA|USDA|VA) 3 $665,000 $221,667 $6,664 6.45%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $375,000 $375,000 $4,430 6.13%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $325,000 $325,000 $7,404 6.88%
MIDLAND, TX (FHA|USDA|VA) 1 $315,000 $315,000 $4,640 6.63%
Ada, OK (FHA|USDA|VA) 2 $300,000 $150,000 $4,696 6.92%
JOPLIN, MO (FHA|USDA|VA) 1 $275,000 $275,000 $5,234 6.23%
Durant, OK (FHA|USDA|VA) 1 $255,000 $255,000 $8,649 6.50%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $225,000 $225,000 $4,874 5.49%
Tahlequah, OK (FHA|USDA|VA) 1 $195,000 $195,000 $7,088 6.00%
LAFAYETTE, LA (FHA|USDA|VA) 1 $175,000 $175,000 $3,060 7.00%
Salina, KS (FHA|USDA|VA) 1 $145,000 $145,000 $3,483 6.21%
McAlester, OK (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $95,000 $95,000 $3,259 6.25%
Shawnee, OK (FHA|USDA|VA) 1 $85,000 $85,000 $3,809 6.25%
Elk City, OK (FHA|USDA|VA) 1 $75,000 $75,000 $5,234 6.00%
Coffeyville, KS (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.71%
Rcb Bank's top markets include Tulsa, Wichita, Oklahoma City, Ponca City, and Stillwater among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 510 $101,250,000 $198,529 $3,550 7.03%
    FHA 50 $9,420,000 $188,400 $7,289 6.30%
    HELOC 23 $6,995,000 $304,130 n/a 8.92%
    VA 16 $3,870,000 $241,875 $6,314 6.23%
    USDA 4 $470,000 $117,500 $4,520 6.19%

    For 2024, Rcb Bank's most frequently originated type of loan was Conventional, with 510 originations. Their 2nd most popular type was FHA, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 402 $97,630,000 $242,861 $4,748 6.92%
    Cash Out Refi 62 $9,130,000 $147,258 $3,489 6.45%
    Refi 59 $7,385,000 $125,169 $1,752 7.67%
    Home Improvement 52 $4,370,000 $84,038 $2,534 7.44%
    Other 28 $3,490,000 $124,643 $3,110 7.35%

    For 2024, Rcb Bank's most frequently cited loan purpose was Home Purchase, with 402 originations. The 2nd most popular reason was Cash Out Refi, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 271 $63,665,000 $234,926 $4,775 6.37%
    20 Year 135 $25,815,000 $191,222 $4,091 7.17%
    15 Year 49 $4,775,000 $97,449 $2,141 7.43%
    10 Year 47 $4,925,000 $104,787 $2,731 6.60%
    Other 40 $9,000,000 $225,000 $1,174 8.29%
    1 Year 38 $10,860,000 $285,789 $3,460 8.93%
    5 Year 20 $1,880,000 $94,000 $1,169 8.21%
    3 Year 3 $1,085,000 $361,667 $0 8.57%

    For 2024, Rcb Bank's most frequently cited loan duration was 30 Year, with 271 originations. The 2nd most popular length was 20 Year, with 135 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 222 $43,110,000 $194,189
    $1k-2k 135 $19,765,000 $146,407
    $2k-3k 61 $15,645,000 $256,475
    $3k-4k 20 $6,440,000 $322,000
    $5k+ 8 $3,660,000 $457,500
    $4k-5k 4 $1,580,000 $395,000

    Rcb Bank's average total fees were $4,775, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 222 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 253 $50,925,000 $201,285
    Over 8% 168 $25,370,000 $151,012
    5-6% 134 $29,930,000 $223,358
    7-8% 43 $15,155,000 $352,442
    4-5% 5 $625,000 $125,000

    During 2024, Rcb Bank's average interest rate for loans was 6.37%, while their most frequently originated rate bucket for loans was 6-7%, with 253 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 201 $29,965,000 $149,080 $4,098 6.95%
    $200k-400k 180 $49,650,000 $275,833 $5,155 6.68%
    $100,000 or less 176 $10,170,000 $57,784 $2,295 7.41%
    $400k-600k 29 $13,725,000 $473,276 $5,798 7.04%
    $600k-1MM 10 $7,580,000 $758,000 $5,672 6.67%
    $1MM+ 7 $10,915,000 $1,559,286 $2,076 7.32%

    2024 saw Rcb Bank place emphasis on $100k-200k loans with 201 originations, totaling $29,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 125 $24,035,000 $192,280 $4,309 6.62%
    $50k-75k 98 $13,850,000 $141,327 $3,973 6.63%
    $150k-250k 97 $24,095,000 $248,402 $4,318 7.01%
    $75k-100k 74 $12,160,000 $164,324 $4,250 6.82%
    $50k or less 58 $5,640,000 $97,241 $3,285 6.53%
    $250k+ 46 $18,090,000 $393,261 $4,244 6.84%

    Rcb Bank lent most frequently to those with incomes in the $100k-150k range, with 125 originations. The second most popular income band? $50k-75k, with 98 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 104 $20,570,000 $197,788 $3,933 6.37%
    30-36% 90 $18,530,000 $205,889 $4,191 6.34%
    <20% 53 $7,045,000 $132,925 $2,796 6.61%
    42% 27 $5,185,000 $192,037 $3,688 6.37%
    37% 20 $4,210,000 $210,500 $3,410 6.97%
    38% 20 $5,210,000 $260,500 $3,841 6.60%
    39% 20 $3,930,000 $196,500 $3,950 6.90%
    41% 19 $3,385,000 $178,158 $3,426 6.55%
    36% 16 $2,900,000 $181,250 $3,522 6.66%
    50-60% 16 $2,820,000 $176,250 $6,192 6.79%
    49% 15 $3,985,000 $265,667 $5,888 6.66%
    40% 14 $2,860,000 $204,286 $4,469 6.80%
    44% 13 $2,815,000 $216,538 $4,742 6.56%
    43% 11 $1,915,000 $174,091 $5,819 6.49%
    45% 10 $3,100,000 $310,000 $5,760 6.60%
    >60% 6 $770,000 $128,333 $1,512 7.64%
    48% 5 $1,285,000 $257,000 $5,540 6.75%
    46% 4 $700,000 $175,000 $4,989 6.81%
    47% 4 $1,070,000 $267,500 $7,881 6.13%

    Rcb Bank lent most frequently to those with DTI ratios of 20-30%, with 104 originations. The next most common DTI ratio? 30-36%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 399 $74,535,000 $186,805 $3,917 6.80%
    Not applicable 90 $22,030,000 $244,778 $0 8.59%
    American Indian 54 $10,130,000 $187,593 $4,536 6.48%
    Not provided 40 $9,760,000 $244,000 $4,729 6.60%
    Black 8 $2,480,000 $310,000 $3,377 6.70%
    Asian 9 $2,385,000 $265,000 $5,679 6.25%
    Asian Indian 3 $685,000 $228,333 $3,309 6.13%

    Approval Rates

    Total approvals of all applications
    89.73%

    Rcb Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.79%

    Rcb Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    2963.5 1 $155,000 $155,000
    NA 602 $121,850,000 $202,409

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    603 $122,005,000 $202,330

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 86 $11,280,000 $131,163 $2,751 7.59%
    40-60% 99 $17,705,000 $178,838 $3,615 6.91%
    60-80% 185 $45,555,000 $246,243 $4,374 7.11%
    80-100% 183 $44,005,000 $240,464 $5,020 6.65%
    Over 100% 5 $1,075,000 $215,000 $10,859 7.11%
    Under 20% 45 $2,385,000 $53,000 $1,823 7.19%