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, 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.47% | 11/17/24 |
| 30 Year Conventional Refi | 6.64% | 11/17/24 |
| 30 Year Cash-out Refi | 6.65% | 11/17/24 |
| 30 Year FHA Purchase | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 6.43% | 11/17/24 |
| 15 Year Conventional Purchase | 5.82% | 11/17/24 |
| 15 Year Conventional Refi | 5.93% | 11/17/24 |
| 15 Year Cash-out Refi | 5.93% | 11/17/24 |
| 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
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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
367Origination Dollar Volume (All Markets)
$103,785,000Awards
VALOR BANK - 2023
VALOR 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
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% |
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.
Similarity Rank: 144
Similarity Rank: 154
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Similarity Rank: 220
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Similarity Rank: 396
Similarity Rank: 576
Similarity Rank: 864
Similarity Rank: 867
Similarity Rank: 1020
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
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
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
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
2023 saw Valor Bank place emphasis on $200k-400k loans with 149 originations, totaling $43,525,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications97.92%
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 origination84.47%
Valor Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 367 | $103,785,000 | $282,793 |