Sooner State Bank Mortgage Rates, Fees & Info
Tuttle, OKLEI: 549300K3182R4M8RRD37
Tax ID: 73-0138590
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Sooner State Bank is a smaller bank specializing in Home Purchase and Refi loans. Sooner State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Tulsa, Shawnee, Mcalester, and Stillwater among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Sooner State Bank 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
214Origination Dollar Volume (All Markets)
$43,820,000Top 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 |
|---|---|---|---|---|---|
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 198 | $40,450,000 | $204,293 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,020,000 | $170,000 | $0 | 0.00% |
| Shawnee, OK (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $0 | 0.00% |
| McAlester, OK (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Stillwater, OK (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| ENID, OK (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 214 | $43,820,000 | $204,766 | $0 | 0.00% |
For 2022, Sooner State Bank's most frequently originated type of loan was Conventional, with 214 originations.
Loan Reason
For 2022, Sooner State Bank's most frequently cited loan purpose was Home Purchase, with 128 originations. The 2nd most popular reason was Refi, with 61 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 214 | $43,820,000 | $204,766 | $0 | 0.00% |
For 2022, Sooner State Bank's most frequently cited loan duration was Other, with 214 originations.
Loan Sizing
2022 saw Sooner State Bank place emphasis on $100,000 or less loans with 88 originations, totaling $5,400,000 in origination value.
Applicant Income
Sooner State Bank lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 214 | $43,820,000 | $204,766 | $0 | 0.00% |
Sooner State Bank lent most frequently to those with DTI ratios of Exempt%, with 214 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.63%
Sooner State 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 origination99.07%
Sooner State Bank 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 | 214 | $43,820,000 | $204,766 |