Mabrey Bank Mortgage Rates, Fees & Info
Bixby, OKLEI: 254900R24PHQB7GDFD26
Tax ID: 73-0183780
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Mortgage Data
Review & Overview
Mabrey Bank is a smaller bank specializing in Home Purchase loans. Mabrey 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.) Their top markets by origination volume include: Tulsa, Oklahoma City, Los Angeles, Washington, and Crestview among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)Mabrey Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Mabrey Bank is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.94% | 12/16/24 |
| 30 Year Conventional Refi | 8.44% | 12/16/24 |
| 15 Year Conventional Purchase | 8.58% | 12/16/24 |
| 15 Year Conventional Refi | 7.30% | 12/16/24 |
| 15 Year Cash-out Refi | 7.30% | 12/16/24 |
| 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. | ||
Mabrey Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Mabrey 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
240Origination Dollar Volume (All Markets)
$88,450,000Awards
Mabrey Bank - 2023
Mabrey Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Mabrey Bank's average 30 year fixed mortgage rate was
7.23%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.75%.
Relative Fees (Closing Costs)
Mabrey Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,892.
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) | 166 | $43,800,000 | $263,855 | $3,934 | 7.79% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 20 | $16,810,000 | $840,500 | $4,197 | 7.37% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $8,665,000 | $2,888,333 | $23,275 | 5.49% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $6,075,000 | $6,075,000 | $6,856 | 3.50% |
| Outside of Metro Areas | 8 | $3,260,000 | $407,500 | $734 | 8.22% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $2,590,000 | $1,295,000 | $7,031 | 6.37% |
| Muskogee, OK (FHA|USDA|VA) | 23 | $2,405,000 | $104,565 | $2,536 | 8.17% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $5,923 | 7.10% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $8,726 | 7.49% |
| WICHITA, KS (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $1,831 | 6.29% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $11,559 | 10.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 6.73% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,286 | 6.01% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,606 | 7.64% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,001 | 6.92% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,624 | 7.63% |
| Bartlesville, OK (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,024 | 7.88% |
| McAlester, OK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,433 | 7.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,151 | 9.19% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,251 | 6.25% |
| Miami, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,087 | 10.18% |
Similar Lenders
We use machine learning to identify the top lenders compared against Mabrey Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 235 | $87,265,000 | $371,340 | $3,962 | 7.74% |
| FHA | 5 | $1,185,000 | $237,000 | $9,242 | 7.35% |
For 2023, Mabrey Bank's most frequently originated type of loan was Conventional, with 235 originations. Their 2nd most popular type was FHA, with 5 originations.
Loan Reason
For 2023, Mabrey Bank's most frequently cited loan purpose was Home Purchase, with 170 originations. The 2nd most popular reason was Refi, with 36 originations.
Loan Duration/Length
For 2023, Mabrey Bank's most frequently cited loan duration was 30 Year, with 86 originations. The 2nd most popular length was 5 Year, with 78 originations.
Origination Fees/Closing Costs
Mabrey Bank's average total fees were $4,892, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 49 originations.
Interest Rates
During 2023, Mabrey Bank's average interest rate for loans was 7.23%, while their most frequently originated rate bucket for loans was Over 8%, with 96 originations.
Loan Sizing
2023 saw Mabrey Bank place emphasis on $100,000 or less loans with 80 originations, totaling $4,460,000 in origination value.
Applicant Income
Mabrey Bank lent most frequently to those with incomes in the $250k+ range, with 29 originations. The second most popular income band? $150k-250k, with 25 originations.
Applicant Debt to Income Ratio
Mabrey Bank lent most frequently to those with DTI ratios of 20-30%, with 35 originations. The next most common DTI ratio? 30-36%, with 28 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.57%
Mabrey Bank has an average approval rate.
Pick Rate
Approvals leading to origination78.75%
Mabrey Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $45,000 | $45,000 |
| NA | 239 | $88,405,000 | $369,895 |