First Oklahoma Bank Mortgage Rates, Fees & Info
Jenks, OKLEI: 549300KEXKSBTXDVT278
Tax ID: 73-0258330
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Oklahoma Bank is a smaller bank specializing in Home Purchase loans. First Oklahoma Bank has a high proportion of conventional loans. Their top markets by origination volume include: Tulsa, Denver, Bartlesville, Oklahoma City, and Muskogee among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)First Oklahoma Bank has an above average approval rate when compared to the average across all lenders.
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Originations
69Origination Dollar Volume (All Markets)
$32,635,000Top 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) | 57 | $25,235,000 | $442,719 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $2,510,000 | $1,255,000 | $0 | 0.00% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $1,995,000 | $1,995,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 5 | $1,775,000 | $355,000 | $0 | 0.00% |
| Muskogee, OK (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $0 | 0.00% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 69 | $32,635,000 | $472,971 | $0 | 0.00% |
For 2023, First Oklahoma Bank's most frequently originated type of loan was Conventional, with 69 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 54 | $28,240,000 | $522,963 | $0 | 0.00% |
| Refi | 10 | $3,700,000 | $370,000 | $0 | 0.00% |
| Home Improvement | 5 | $695,000 | $139,000 | $0 | 0.00% |
For 2023, First Oklahoma Bank's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 69 | $32,635,000 | $472,971 | $0 | 0.00% |
For 2023, First Oklahoma Bank's most frequently cited loan duration was Other, with 69 originations.
Loan Sizing
2023 saw First Oklahoma Bank place emphasis on $100k-200k loans with 37 originations, totaling $5,265,000 in origination value.
Applicant Income
First Oklahoma Bank lent most frequently to those with incomes in the $150k-250k range, with 8 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 69 | $32,635,000 | $472,971 | $0 | 0.00% |
First Oklahoma Bank lent most frequently to those with DTI ratios of Exempt%, with 69 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
First Oklahoma 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 69 | $32,635,000 | $472,971 |