Mabrey Bank Mortgage Rates, Fees & Info

Bixby, OK

LEI: 254900R24PHQB7GDFD26

Tax ID: 73-0183780

5 stars - Updated: 7/20/24 - out of 5 stars, based on 15 reviews

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

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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.

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
30 Year Conventional Purchase 7.94% 7/20/24
30 Year Conventional Refi 8.44% 7/20/24
15 Year Conventional Purchase 8.58% 7/20/24
15 Year Conventional Refi 7.30% 7/20/24
15 Year Cash-out Refi 7.30% 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.

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

240

Origination Dollar Volume (All Markets)

$88,450,000

Awards

Mabrey Bank 30 Year Conventional Loans silver
Show all (1) awards

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%
Mabrey Bank's top markets include Tulsa, Oklahoma City, Los Angeles, Washington, and Crestview among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 170 $71,890,000 $422,882 $5,268 7.55%
    Refi 36 $13,320,000 $370,000 $1,465 7.92%
    Home Improvement 23 $1,865,000 $81,087 $1,816 8.47%
    Other 11 $1,375,000 $125,000 $1,846 8.35%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 86 $34,690,000 $403,372 $4,892 7.23%
    5 Year 78 $30,710,000 $393,718 $1,026 7.72%
    Other 28 $10,220,000 $365,000 $947 7.94%
    15 Year 13 $965,000 $74,231 $1,610 8.91%
    1 Year 12 $3,120,000 $260,000 $7,090 8.68%
    20 Year 9 $1,315,000 $146,111 $1,948 8.84%
    3 Year 7 $6,945,000 $992,143 $0 7.89%
    10 Year 7 $485,000 $69,286 $1,786 7.57%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 49 $10,455,000 $213,367
    $1k-2k 37 $5,775,000 $156,081
    $2k-3k 20 $5,730,000 $286,500
    $5k+ 10 $14,830,000 $1,483,000
    $3k-4k 6 $2,680,000 $446,667
    $4k-5k 3 $795,000 $265,000

    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

    Loan Rate Originations Total Value Average Loan
    Over 8% 96 $13,820,000 $143,958
    6-7% 69 $38,855,000 $563,116
    7-8% 64 $13,740,000 $214,688
    5-6% 5 $10,245,000 $2,049,000
    3-4% 4 $11,570,000 $2,892,500
    4-5% 2 $220,000 $110,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 80 $4,460,000 $55,750 $1,888 8.34%
    $100k-200k 66 $9,360,000 $141,818 $3,142 7.77%
    $200k-400k 50 $13,480,000 $269,600 $5,063 7.35%
    $1MM+ 19 $47,915,000 $2,521,842 $13,353 6.34%
    $400k-600k 17 $7,805,000 $459,118 $6,018 7.68%
    $600k-1MM 8 $5,430,000 $678,750 $5,356 7.00%

    2023 saw Mabrey Bank place emphasis on $100,000 or less loans with 80 originations, totaling $4,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 29 $26,475,000 $912,931 $6,036 6.88%
    $150k-250k 25 $5,125,000 $205,000 $2,766 7.96%
    $50k-75k 25 $4,275,000 $171,000 $3,804 8.03%
    $75k-100k 24 $3,940,000 $164,167 $5,190 7.69%
    $50k or less 23 $1,655,000 $71,957 $2,135 8.21%
    $100k-150k 21 $3,795,000 $180,714 $3,782 8.05%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 35 $7,865,000 $224,714 $3,290 7.88%
    30-36% 28 $5,810,000 $207,500 $3,388 7.73%
    <20% 24 $11,110,000 $462,917 $5,796 7.26%
    37% 7 $875,000 $125,000 $3,144 8.03%
    50-60% 7 $6,575,000 $939,286 $7,012 7.26%
    39% 6 $1,210,000 $201,667 $3,577 8.44%
    38% 5 $2,085,000 $417,000 $3,918 7.41%
    40% 5 $375,000 $75,000 $1,309 8.12%
    36% 4 $640,000 $160,000 $3,054 7.44%
    41% 3 $775,000 $258,333 $4,423 8.30%
    45% 3 $935,000 $311,667 $5,781 8.08%
    46% 2 $430,000 $215,000 $9,185 8.06%
    43% 2 $530,000 $265,000 $6,774 7.00%
    >60% 1 $555,000 $555,000 $11,559 10.00%
    47% 1 $295,000 $295,000 $4,318 7.25%
    49% 1 $345,000 $345,000 $10,541 6.75%
    42% 1 $6,075,000 $6,075,000 $6,856 3.50%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 131 $42,835,000 $326,985 $3,672 7.77%
    Not applicable 85 $40,765,000 $479,588 $42,851 7.71%
    American Indian 12 $2,660,000 $221,667 $5,310 7.75%
    Black 6 $910,000 $151,667 $2,693 6.73%
    Asian 4 $900,000 $225,000 $7,607 7.94%
    Not provided 2 $380,000 $190,000 $4,081 7.90%

    Approval Rates

    Total approvals of all applications
    93.57%

    Mabrey Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.75%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    240 $88,450,000 $368,542

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $3,530,000 $220,625 $3,041 8.12%
    40-60% 25 $6,145,000 $245,800 $3,228 7.97%
    60-80% 99 $41,055,000 $414,697 $5,023 7.74%
    80-100% 84 $36,650,000 $436,310 $4,625 7.42%
    Under 20% 16 $1,070,000 $66,875 $1,587 8.50%