Valor Bank Mortgage Rates, Fees & Info
Edmond, OKLEI: 5493004WQK3PHW1SDP63
Tax ID: 73-0242140
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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, Dallas, Tulsa, Crestview, and Houston among others. We have data for 19 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 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 | 6.47% | 9/25/23 |
| 30 Year Conventional Refi | 6.64% | 9/25/23 |
| 30 Year Cash-out Refi | 6.65% | 9/25/23 |
| 30 Year FHA Purchase | 6.27% | 9/25/23 |
| 30 Year VA Purchase | 6.43% | 9/25/23 |
| 15 Year Conventional Purchase | 5.82% | 9/25/23 |
| 15 Year Conventional Refi | 5.93% | 9/25/23 |
| 15 Year Cash-out Refi | 5.93% | 9/25/23 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
380Origination Dollar Volume (All Markets)
$110,860,000Relative Rate
Valor Bank's average 30 year fixed mortgage rate was
4.77%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.01%.
Relative Fees (Closing Costs)
Valor Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,117.
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 $4,750.
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) | 341 | $97,795,000 | $286,789 | $3,935 | 5.05% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $2,745,000 | $392,143 | $6,192 | 3.75% |
| TULSA, OK (FHA|USDA|VA) | 6 | $2,460,000 | $410,000 | $3,661 | 4.27% |
| Outside of Metro Areas | 5 | $1,955,000 | $391,000 | $5,929 | 5.60% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,420,000 | $710,000 | $0 | 5.81% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $5,536 | 3.43% |
| Shawnee, OK (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $0 | 5.44% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,250 | 4.81% |
| McAlester, OK (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $4,493 | 3.63% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,458 | 4.13% |
| Weatherford, OK (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,782 | 4.56% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,840 | 5.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,444 | 2.99% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,852 | 2.63% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,867 | 5.13% |
| Durant, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,932 | 4.63% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.25% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,189 | 3.25% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 380 | $110,860,000 | $291,737 | $4,047 | 5.00% |
For 2022, Valor Bank's most frequently originated type of loan was Conventional, with 380 originations.
Loan Reason
For 2022, Valor Bank's most frequently cited loan purpose was Home Purchase, with 284 originations. The 2nd most popular reason was Refi, with 60 originations.
Loan Duration/Length
For 2022, Valor Bank's most frequently cited loan duration was 30 Year, with 200 originations. The 2nd most popular length was 3 Year, with 111 originations.
Origination Fees/Closing Costs
Valor Bank's average total fees were $4,117, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 138 originations.
Interest Rates
During 2022, Valor Bank's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 4-5%, with 121 originations.
Loan Sizing
2022 saw Valor Bank place emphasis on $200k-400k loans with 154 originations, totaling $45,440,000 in origination value.
Applicant Income
Valor Bank lent most frequently to those with incomes in the $100k-150k range, with 69 originations. The second most popular income band? $150k-250k, with 51 originations.
Applicant Debt to Income Ratio
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 44 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.50%
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 origination77.37%
Valor Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 380 | $110,860,000 | $291,737 |