Spiritbank Mortgage Rates, Fees & Info
Tulsa, OKLEI: 549300HUGQ1D4T4GJH13
Tax ID: 73-0126338
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Spiritbank is a smaller bank specializing in Home Purchase loans. Spiritbank has a high proportion of conventional loans. Their top markets by origination volume include: Tulsa, Santa Fe, Muskogee, Tahlequah, and Oklahoma City among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Spiritbank 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
42Origination Dollar Volume (All Markets)
$17,090,000Top 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) | 35 | $13,375,000 | $382,143 | $0 | 0.00% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $2,795,000 | $2,795,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $620,000 | $310,000 | $0 | 0.00% |
| Muskogee, OK (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against SpiritBank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 180
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Similarity Rank: 1470
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $17,090,000 | $406,905 | $0 | 0.00% |
For 2024, Spiritbank's most frequently originated type of loan was Conventional, with 42 originations.
Loan Reason
For 2024, Spiritbank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 42 | $17,090,000 | $406,905 | $0 | 0.00% |
For 2024, Spiritbank's most frequently cited loan duration was Other, with 42 originations.
Loan Sizing
2024 saw Spiritbank place emphasis on $100,000 or less loans with 23 originations, totaling $1,465,000 in origination value.
Applicant Income
Spiritbank lent most frequently to those with incomes in the $150k-250k range, with 5 originations. The second most popular income band? $75k-100k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 42 | $17,090,000 | $406,905 | $0 | 0.00% |
Spiritbank lent most frequently to those with DTI ratios of Exempt%, with 42 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.62%
Spiritbank has an average approval rate.
Pick Rate
Approvals leading to origination95.24%
Spiritbank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 42 | $17,090,000 | $406,905 |