The First National Bank And Trust Company Of Okmulgee Mortgage Rates, Fees & Info

Okmulgee, OK

LEI: 549300E8JTSHNU1K4K92

Tax ID: 73-0177595

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Mortgage Data

Review & Overview

The First National Bank And Trust Company Of Okmulgee is a smaller bank specializing in Home Purchase and Refi loans. The First National Bank And Trust Company Of Okmulgee has a high proportion of conventional loans. Their top markets by origination volume include: Tulsa, Oklahoma City, Dallas, Muskogee, and Mcalester among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

The First National Bank And Trust Company Of Okmulgee 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.

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Originations

93

Origination Dollar Volume (All Markets)

$15,195,000

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
TULSA, OK (FHA|USDA|VA) 71 $8,405,000 $118,380 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 8 $4,250,000 $531,250 $0 0.00%
Outside of Metro Areas 11 $1,865,000 $169,545 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $595,000 $595,000 $0 0.00%
Muskogee, OK (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
McAlester, OK (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
The First National Bank And Trust Company Of Okmulgee's top markets include Tulsa, Oklahoma City, Dallas, Muskogee, and Mcalester among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 93 $15,195,000 $163,387 $0 0.00%

    For 2022, The First National Bank And Trust Company Of Okmulgee's most frequently originated type of loan was Conventional, with 93 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 48 $9,060,000 $188,750 $0 0.00%
    Refi 32 $4,510,000 $140,938 $0 0.00%
    Home Improvement 9 $745,000 $82,778 $0 0.00%
    Other 3 $435,000 $145,000 $0 0.00%
    Cash Out Refi 1 $445,000 $445,000 $0 0.00%

    For 2022, The First National Bank And Trust Company Of Okmulgee's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 93 $15,195,000 $163,387 $0 0.00%

    For 2022, The First National Bank And Trust Company Of Okmulgee's most frequently cited loan duration was Other, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 53 $2,715,000 $51,226 $0 0.00%
    $100k-200k 24 $3,370,000 $140,417 $0 0.00%
    $200k-400k 9 $2,765,000 $307,222 $0 0.00%
    $1MM+ 3 $4,225,000 $1,408,333 $0 0.00%
    $400k-600k 3 $1,515,000 $505,000 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2022 saw The First National Bank And Trust Company Of Okmulgee place emphasis on $100,000 or less loans with 53 originations, totaling $2,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 17 $915,000 $53,824 $0 0.00%
    $50k-75k 13 $1,635,000 $125,769 $0 0.00%
    $100k-150k 12 $1,600,000 $133,333 $0 0.00%
    $150k-250k 10 $780,000 $78,000 $0 0.00%
    $75k-100k 6 $420,000 $70,000 $0 0.00%
    $250k+ 4 $850,000 $212,500 $0 0.00%

    The First National Bank And Trust Company Of Okmulgee lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $50k-75k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 93 $15,195,000 $163,387 $0 0.00%

    The First National Bank And Trust Company Of Okmulgee lent most frequently to those with DTI ratios of Exempt%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 29 $8,865,000 $305,690 $0 0.00%
    White 49 $5,125,000 $104,592 $0 0.00%
    American Indian 7 $775,000 $110,714 $0 0.00%
    Black 7 $355,000 $50,714 $0 0.00%
    Asian Indian 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.09%

    The First National Bank And Trust Company Of Okmulgee has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.47%

    The First National Bank And Trust Company Of Okmulgee has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 93 $15,195,000 $163,387

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    93 $15,195,000 $163,387