Valor Bank Mortgage Rates, Fees & Info

Edmond, OK

LEI: 5493004WQK3PHW1SDP63

Tax ID: 73-0242140

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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.

    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% 12/16/24
    30 Year Conventional Refi 6.64% 12/16/24
    30 Year Cash-out Refi 6.65% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    30 Year VA Purchase 6.43% 12/16/24
    15 Year Conventional Purchase 5.82% 12/16/24
    15 Year Conventional Refi 5.93% 12/16/24
    15 Year Cash-out Refi 5.93% 12/16/24
    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

    380

    Origination Dollar Volume (All Markets)

    $110,860,000

    Awards

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

    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%
    Valor Bank's top markets include Oklahoma City, Dallas, Tulsa, Crestview, and Houston among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Montana (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.

    WEOKIE
    Similarity Rank: 165
    ALLEGIANCE
    Similarity Rank: 176
    TRUE SKY
    Similarity Rank: 192
    Vision Bank
    Similarity Rank: 300
    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 369
    STAR ONE CREDIT UNION
    Similarity Rank: 725
    Oklahoma Educators Credit Union
    Similarity Rank: 994
    CWM PARTNERS, L.P.
    Similarity Rank: 1057
    TTCU Federal Credit Union
    Similarity Rank: 1340
    VALOR BANK
    Similarity Rank: 1463

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 284 $80,130,000 $282,148 $4,363 5.05%
    Refi 60 $21,390,000 $356,500 $3,013 4.76%
    Cash Out Refi 20 $5,490,000 $274,500 $3,946 4.08%
    Home Improvement 12 $2,160,000 $180,000 $1,988 6.19%
    Other 4 $1,690,000 $422,500 $955 6.46%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 200 $64,930,000 $324,650 $4,117 4.77%
    3 Year 111 $26,105,000 $235,180 $0 5.63%
    15 Year 28 $7,360,000 $262,857 $3,787 3.56%
    1 Year 20 $5,560,000 $278,000 $4,485 6.04%
    20 Year 9 $2,525,000 $280,556 $3,115 4.53%
    Other 5 $1,695,000 $339,000 $0 5.60%
    5 Year 5 $2,405,000 $481,000 $0 5.60%
    10 Year 2 $280,000 $140,000 $3,747 2.94%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 138 $46,420,000 $336,377
    $1k-2k 53 $17,275,000 $325,943
    $2k-3k 12 $4,250,000 $354,167
    $3k-4k 7 $2,065,000 $295,000
    $5k+ 7 $2,645,000 $377,857
    $4k-5k 3 $1,035,000 $345,000

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 121 $32,735,000 $270,537
    5-6% 79 $26,675,000 $337,658
    3-4% 75 $23,235,000 $309,800
    6-7% 58 $16,350,000 $281,897
    7-8% 27 $7,245,000 $268,333
    2.5-3% 16 $3,200,000 $200,000
    <2.5% 3 $1,365,000 $455,000
    Over 8% 1 $55,000 $55,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 154 $45,440,000 $295,065 $4,107 4.90%
    $100k-200k 103 $15,015,000 $145,777 $3,364 5.08%
    $400k-600k 50 $24,500,000 $490,000 $4,840 4.96%
    $100,000 or less 43 $3,145,000 $73,140 $1,692 5.27%
    $600k-1MM 26 $17,690,000 $680,385 $4,473 4.90%
    $1MM+ 4 $5,070,000 $1,267,500 $150 5.28%

    2022 saw Valor Bank place emphasis on $200k-400k loans with 154 originations, totaling $45,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 69 $20,435,000 $296,159 $3,908 4.69%
    $150k-250k 51 $18,095,000 $354,804 $3,822 4.36%
    $250k+ 51 $21,765,000 $426,765 $4,392 5.06%
    $75k-100k 36 $9,830,000 $273,056 $4,385 4.88%
    $50k-75k 20 $4,440,000 $222,000 $4,266 4.75%
    $50k or less 20 $3,370,000 $168,500 $3,523 4.01%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 54 $17,790,000 $329,444 $3,848 4.83%
    30-36% 44 $12,030,000 $273,409 $3,830 4.76%
    <20% 33 $10,485,000 $317,727 $3,778 4.46%
    45% 11 $4,205,000 $382,273 $4,201 4.45%
    49% 11 $3,705,000 $336,818 $3,535 5.03%
    43% 11 $4,035,000 $366,818 $4,676 4.17%
    41% 9 $1,685,000 $187,222 $3,284 4.65%
    37% 9 $2,145,000 $238,333 $3,385 4.35%
    47% 9 $3,555,000 $395,000 $6,256 4.83%
    42% 8 $3,560,000 $445,000 $4,913 5.28%
    40% 8 $2,440,000 $305,000 $4,857 4.01%
    44% 7 $1,975,000 $282,143 $4,117 4.34%
    38% 6 $1,410,000 $235,000 $4,175 4.48%
    39% 6 $1,640,000 $273,333 $2,701 4.88%
    36% 6 $1,970,000 $328,333 $4,016 3.65%
    50-60% 4 $1,180,000 $295,000 $7,527 4.13%
    46% 4 $1,210,000 $302,500 $5,227 4.34%
    >60% 3 $1,185,000 $395,000 $1,801 6.28%
    48% 3 $815,000 $271,667 $4,000 5.42%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 215 $65,885,000 $306,442 $4,029 4.83%
    Not applicable 114 $28,770,000 $252,368 $0 5.57%
    Not provided 25 $9,335,000 $373,400 $4,035 4.82%
    Asian 12 $3,150,000 $262,500 $5,191 3.98%
    American Indian 9 $2,425,000 $269,444 $3,429 3.99%
    Black 5 $1,295,000 $259,000 $3,849 4.57%

    Approval Rates

    Total approvals of all applications
    97.50%

    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 origination
    77.37%

    Valor Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 380 $110,860,000 $291,737

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    380 $110,860,000 $291,737

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $3,285,000 $193,235 $3,332 5.23%
    40-60% 45 $11,875,000 $263,889 $3,766 5.01%
    60-80% 191 $57,355,000 $300,288 $4,265 4.98%
    80-100% 117 $37,435,000 $319,957 $4,219 4.97%
    Under 20% 10 $910,000 $91,000 $1,603 5.50%