Financial Concepts Mortgage Rates, Fees & Info
OKLAHOMA CITY, OKLEI: 549300488506L45QIE35
Tax ID: 73-1611552
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Mortgage Data
Review & Overview
Financial Concepts Mortgage is a smaller mortgage company specializing in Home Purchase loans. Financial Concepts Mortgage has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Oklahoma City, Enid, Shawnee, Tulsa, and Lawton among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Financial Concepts Mortgage has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Financial Concepts Mortgage 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.23% | 11/12/26 |
| 30 Year Conventional Refi | 4.52% | 11/12/26 |
| 30 Year Cash-out Refi | -0.67% | 11/12/26 |
| 30 Year FHA Purchase | 4.87% | 11/12/26 |
| 30 Year FHA Refi | 7.27% | 11/12/26 |
| 30 Year VA Purchase | 4.89% | 11/12/26 |
| 30 Year VA Refi | 5.71% | 11/12/26 |
| 30 Year USDA Purchase | 6.51% | 11/12/26 |
| 15 Year Conventional Purchase | 4.48% | 11/12/26 |
| 15 Year Conventional Refi | 4.91% | 11/12/26 |
| 15 Year Cash-out Refi | 4.91% | 11/12/26 |
| 15 Year VA Purchase | 2.34% | 11/12/26 |
| 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. | ||
Financial Concepts Mortgage Mortgage Calculator
Your Estimates
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This is not an official calculator from Financial Concepts Mortgage. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
547Origination Dollar Volume (All Markets)
$140,495,000Relative Rate
Financial Concepts Mortgage's average 30 year fixed mortgage rate was
6.49%.
The 2025 average 30 year fixed rate mortgage across all markets and lenders was 6.37%.
This yields a difference of 0.12%.
Relative Fees (Closing Costs)
Financial Concepts Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,220.
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 |
|---|---|---|---|---|---|
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 381 | $102,765,000 | $269,724 | $4,220 | 6.50% |
| ENID, OK (FHA|USDA|VA) | 65 | $14,545,000 | $223,769 | $0 | 6.33% |
| Outside of Metro Areas | 48 | $11,380,000 | $237,083 | $0 | 6.45% |
| Shawnee, OK (FHA|USDA|VA) | 14 | $3,370,000 | $240,714 | $0 | 6.32% |
| TULSA, OK (FHA|USDA|VA) | 7 | $2,195,000 | $313,571 | $0 | 6.39% |
| LAWTON, OK (FHA|USDA|VA) | 12 | $2,060,000 | $171,667 | $0 | 6.66% |
| WICHITA, KS (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $0 | 6.31% |
| Weatherford, OK (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 6.69% |
| Woodward, OK (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $0 | 6.79% |
| Elk City, OK (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 6.63% |
| Stillwater, OK (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 6.56% |
| Duncan, OK (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 6.75% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.13% |
| Ada, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 6.75% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.38% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.50% |
| McAlester, OK (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against FINANCIAL CONCEPTS MORTGAGE 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
For 2025, Financial Concepts Mortgage's most frequently originated type of loan was Conventional, with 243 originations. Their 2nd most popular type was FHA, with 201 originations.
Loan Reason
For 2025, Financial Concepts Mortgage's most frequently cited loan purpose was Home Purchase, with 512 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
For 2025, Financial Concepts Mortgage's most frequently cited loan duration was 30 Year, with 530 originations. The 2nd most popular length was 15 Year, with 13 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 3 | $705,000 | $235,000 |
Financial Concepts Mortgage's average total fees were $4,220, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 382 | $99,530,000 | $260,550 |
| 5-6% | 101 | $22,935,000 | $227,079 |
| 7-8% | 60 | $16,850,000 | $280,833 |
| 4-5% | 4 | $1,180,000 | $295,000 |
During 2025, Financial Concepts Mortgage's average interest rate for loans was 6.49%, while their most frequently originated rate bucket for loans was 6-7%, with 382 originations.
Loan Sizing
2025 saw Financial Concepts Mortgage place emphasis on $200k-400k loans with 273 originations, totaling $76,155,000 in origination value.
Applicant Income
Financial Concepts Mortgage lent most frequently to those with incomes in the $50k-75k range, with 125 originations. The second most popular income band? $100k-150k, with 114 originations.
Applicant Debt to Income Ratio
Financial Concepts Mortgage lent most frequently to those with DTI ratios of 30-36%, with 89 originations. The next most common DTI ratio? 20-30%, with 79 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.67%
Financial Concepts Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination91.59%
Financial Concepts Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 547 | $140,495,000 | $256,846 |