Valor Bank Mortgage Rates, Fees & Info

Edmond, OK

LEI: 5493004WQK3PHW1SDP63

Tax ID: 73-0242140

5 stars - Updated: 12/4/24 - out of 5 stars, based on 19 reviews

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

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Mortgage Data

Review & Overview

Valor Bank is a smaller bank specializing in Home Purchase loans. Valor Bank has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Houston, Weatherford, Tulsa, and Mcalester among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

Valor 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. Valor 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
30 Year Conventional Purchase 6.47% 12/4/24
30 Year Conventional Refi 6.64% 12/4/24
30 Year Cash-out Refi 6.65% 12/4/24
30 Year FHA Purchase 6.27% 12/4/24
30 Year VA Purchase 6.43% 12/4/24
15 Year Conventional Purchase 5.82% 12/4/24
15 Year Conventional Refi 5.93% 12/4/24
15 Year Cash-out Refi 5.93% 12/4/24
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.

Valor Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Valor 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

367

Origination Dollar Volume (All Markets)

$103,785,000

Awards

VALOR BANK 30 Year Conventional Loans bronze
Show all (1) awards

Relative Rate

Valor Bank's average 30 year fixed mortgage rate was 6.9%.

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

This yields a difference of 0.42%.

Relative Fees (Closing Costs)

Valor Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,439.

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
OKLAHOMA CITY, OK (FHA|USDA|VA) 346 $95,650,000 $276,445 $4,146 7.35%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $1,165,000 $1,165,000 $0 7.90%
Outside of Metro Areas 3 $1,055,000 $351,667 $7,493 7.04%
Weatherford, OK (FHA|USDA|VA) 2 $950,000 $475,000 $5,123 7.25%
TULSA, OK (FHA|USDA|VA) 3 $865,000 $288,333 $4,162 6.29%
McAlester, OK (FHA|USDA|VA) 1 $805,000 $805,000 $0 8.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $745,000 $745,000 $9,752 7.18%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $725,000 $725,000 $17,152 6.88%
Shawnee, OK (FHA|USDA|VA) 3 $435,000 $145,000 $0 7.53%
Taos, NM (FHA|USDA|VA) 1 $365,000 $365,000 $10,597 7.63%
Woodward, OK (FHA|USDA|VA) 1 $305,000 $305,000 $4,445 7.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $285,000 $285,000 $4,095 7.50%
Stillwater, OK (FHA|USDA|VA) 1 $175,000 $175,000 $3,542 7.63%
Vicksburg, MS (FHA|USDA|VA) 1 $165,000 $165,000 $3,332 6.88%
Ardmore, OK (FHA|USDA|VA) 1 $95,000 $95,000 $1,379 8.60%
Valor Bank's top markets include Oklahoma City, Houston, Weatherford, Tulsa, and Mcalester among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against VALOR 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 367 $103,785,000 $282,793 $4,333 7.35%

    For 2023, Valor Bank's most frequently originated type of loan was Conventional, with 367 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 287 $84,955,000 $296,010 $4,650 7.24%
    Refi 50 $14,850,000 $297,000 $3,572 7.70%
    Home Improvement 18 $2,500,000 $138,889 $1,427 7.75%
    Cash Out Refi 7 $935,000 $133,571 $2,632 7.31%
    Other 5 $545,000 $109,000 $1,385 8.53%

    For 2023, Valor Bank's most frequently cited loan purpose was Home Purchase, with 287 originations. The 2nd most popular reason was Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 177 $55,715,000 $314,774 $4,439 6.90%
    3 Year 133 $28,955,000 $217,707 $0 7.73%
    1 Year 28 $10,010,000 $357,500 $6,590 8.38%
    Other 14 $4,540,000 $324,286 $5,177 7.36%
    20 Year 8 $1,460,000 $182,500 $2,390 7.75%
    15 Year 6 $3,080,000 $513,333 $4,077 6.38%
    10 Year 1 $25,000 $25,000 $862 8.60%

    For 2023, Valor Bank's most frequently cited loan duration was 30 Year, with 177 originations. The 2nd most popular length was 3 Year, with 133 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 120 $37,460,000 $312,167
    $1k-2k 32 $10,710,000 $334,688
    $2k-3k 13 $5,605,000 $431,154
    $5k+ 13 $6,545,000 $503,462
    $3k-4k 7 $3,195,000 $456,429

    Valor Bank's average total fees were $4,439, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 120 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 143 $40,055,000 $280,105
    6-7% 137 $35,715,000 $260,693
    Over 8% 66 $17,960,000 $272,121
    5-6% 21 $10,055,000 $478,810

    During 2023, Valor Bank's average interest rate for loans was 6.90%, while their most frequently originated rate bucket for loans was 7-8%, with 143 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 149 $43,525,000 $292,114 $4,196 7.26%
    $100k-200k 112 $16,670,000 $148,839 $3,232 7.35%
    $400k-600k 40 $19,200,000 $480,000 $6,193 7.42%
    $100,000 or less 38 $2,620,000 $68,947 $1,496 7.72%
    $600k-1MM 25 $17,365,000 $694,600 $5,783 7.22%
    $1MM+ 3 $4,405,000 $1,468,333 $9,223 7.09%

    2023 saw Valor Bank place emphasis on $200k-400k loans with 149 originations, totaling $43,525,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 54 $23,030,000 $426,481 $6,003 7.15%
    $100k-150k 45 $13,595,000 $302,111 $4,043 7.06%
    $150k-250k 45 $17,005,000 $377,889 $4,432 6.92%
    $50k-75k 31 $6,525,000 $210,484 $3,315 6.91%
    $75k-100k 28 $6,700,000 $239,286 $4,018 6.86%
    $50k or less 7 $975,000 $139,286 $2,460 6.99%

    Valor Bank lent most frequently to those with incomes in the $250k+ range, with 54 originations. The second most popular income band? $100k-150k, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 54 $16,060,000 $297,407 $4,536 7.09%
    30-36% 43 $12,695,000 $295,233 $3,948 6.88%
    <20% 19 $7,805,000 $410,789 $5,336 7.25%
    38% 16 $4,710,000 $294,375 $5,361 7.09%
    48% 7 $1,615,000 $230,714 $3,864 7.03%
    45% 7 $3,175,000 $453,571 $4,478 7.07%
    40% 6 $1,580,000 $263,333 $4,030 6.92%
    50-60% 6 $1,970,000 $328,333 $3,091 7.30%
    41% 6 $1,590,000 $265,000 $4,348 6.60%
    43% 6 $2,310,000 $385,000 $4,221 6.31%
    44% 6 $2,430,000 $405,000 $4,183 7.27%
    47% 5 $2,085,000 $417,000 $3,749 6.55%
    37% 5 $1,755,000 $351,000 $4,256 7.02%
    39% 5 $1,075,000 $215,000 $3,046 6.98%
    36% 5 $1,585,000 $317,000 $6,336 6.45%
    >60% 4 $2,640,000 $660,000 $2,611 7.83%
    46% 4 $1,260,000 $315,000 $3,759 6.59%
    42% 3 $925,000 $308,333 $3,648 7.21%
    49% 2 $500,000 $250,000 $2,994 6.88%

    Valor Bank lent most frequently to those with DTI ratios of 20-30%, with 54 originations. The next most common DTI ratio? 30-36%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 177 $57,005,000 $322,062 $4,172 7.13%
    Not applicable 139 $33,085,000 $238,022 $0 7.77%
    Asian 15 $4,345,000 $289,667 $5,635 6.83%
    Not provided 15 $4,035,000 $269,000 $4,040 7.22%
    American Indian 12 $3,470,000 $289,167 $3,716 6.83%
    Black 9 $1,845,000 $205,000 $8,790 6.75%

    Approval Rates

    Total approvals of all applications
    97.92%

    Valor Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    84.47%

    Valor Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 367 $103,785,000 $282,793

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    367 $103,785,000 $282,793

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $4,560,000 $228,000 $4,281 7.67%
    40-60% 42 $11,370,000 $270,714 $3,678 7.34%
    60-80% 183 $49,845,000 $272,377 $4,048 7.45%
    80-100% 109 $37,085,000 $340,229 $5,067 7.02%
    Under 20% 13 $925,000 $71,154 $1,171 8.06%