Bancfirst Mortgage Rates, Fees & Info

Oklahoma City, OK

LEI: 549300MNZECUR067HB12

Tax ID: 73-1332918

5 stars - Updated: 11/3/24 - out of 5 stars, based on 61 reviews

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

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Mortgage Data

Review & Overview

Bancfirst is a smaller mortgage company specializing in Home Purchase loans. Bancfirst has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Oklahoma City, Tulsa, Stillwater, Lawton, and Duncan among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bancfirst 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. Bancfirst is typically an average 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 relatively high 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
Home Equity Line of Credit (HELOC) 6.35% 11/3/24
30 Year Conventional Purchase 6.76% 11/3/24
30 Year Conventional Refi 6.81% 11/3/24
30 Year Cash-out Refi 7.11% 11/3/24
30 Year FHA Purchase 7.58% 11/3/24
30 Year FHA Refi 7.17% 11/3/24
30 Year VA Purchase 6.35% 11/3/24
30 Year USDA Purchase 6.97% 11/3/24
15 Year Conventional Purchase 6.93% 11/3/24
15 Year Conventional Refi 7.17% 11/3/24
15 Year Cash-out Refi 7.17% 11/3/24
15 Year FHA Purchase 6.50% 11/3/24
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.

Bancfirst Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Bancfirst. 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

3,736

Origination Dollar Volume (All Markets)

$584,540,000
Show all (5) awards

Relative Rate

Bancfirst's average 30 year fixed mortgage rate was 6.86%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.38%.

Relative Fees (Closing Costs)

Bancfirst's average total fees/closing costs for a 30 year fixed rate mortgage were $5,611.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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) 1,388 $261,790,000 $188,610 $2,714 7.86%
TULSA, OK (FHA|USDA|VA) 478 $91,740,000 $191,925 $3,546 7.81%
Outside of Metro Areas 499 $49,885,000 $99,970 $2,342 7.74%
Stillwater, OK (FHA|USDA|VA) 157 $33,575,000 $213,854 $3,471 7.26%
LAWTON, OK (FHA|USDA|VA) 232 $27,950,000 $120,474 $2,652 7.36%
Duncan, OK (FHA|USDA|VA) 199 $21,535,000 $108,216 $2,183 7.49%
Shawnee, OK (FHA|USDA|VA) 152 $20,880,000 $137,368 $2,138 7.85%
Ardmore, OK (FHA|USDA|VA) 119 $15,935,000 $133,908 $2,629 7.76%
Tahlequah, OK (FHA|USDA|VA) 126 $13,210,000 $104,841 $3,754 8.26%
Muskogee, OK (FHA|USDA|VA) 101 $9,665,000 $95,693 $4,246 8.02%
McAlester, OK (FHA|USDA|VA) 72 $8,940,000 $124,167 $2,924 8.14%
Bartlesville, OK (FHA|USDA|VA) 35 $5,995,000 $171,286 $4,374 8.35%
Weatherford, OK (FHA|USDA|VA) 39 $5,685,000 $145,769 $3,908 7.49%
Ponca City, OK (FHA|USDA|VA) 54 $4,130,000 $76,481 $1,959 7.49%
ENID, OK (FHA|USDA|VA) 13 $1,425,000 $109,615 $5,068 7.90%
Altus, OK (FHA|USDA|VA) 10 $1,390,000 $139,000 $3,336 7.21%
Ada, OK (FHA|USDA|VA) 8 $1,190,000 $148,750 $2,519 7.59%
Durant, OK (FHA|USDA|VA) 8 $1,190,000 $148,750 $3,746 6.86%
Miami, OK (FHA|USDA|VA) 12 $1,140,000 $95,000 $2,968 7.98%
FORT SMITH, AR-OK (FHA|USDA|VA) 6 $1,100,000 $183,333 $4,767 7.83%
Elk City, OK (FHA|USDA|VA) 4 $1,010,000 $252,500 $4,523 7.15%
Gainesville, TX (FHA|USDA|VA) 2 $870,000 $435,000 $4,471 8.69%
MIDLAND, TX (FHA|USDA|VA) 6 $660,000 $110,000 $0 7.52%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $445,000 $445,000 $4,712 5.88%
Ruidoso, NM (FHA|USDA|VA) 1 $415,000 $415,000 $6,897 6.88%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $405,000 $405,000 $0 8.25%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $405,000 $405,000 $0 6.25%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $375,000 $375,000 $0 6.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $365,000 $365,000 $0 6.50%
WICHITA FALLS, TX (FHA|USDA|VA) 2 $340,000 $170,000 $1,523 7.44%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $195,000 $195,000 $0 7.75%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $185,000 $185,000 $0 6.50%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 7.88%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $140,000 $70,000 $0 7.44%
WICHITA, KS (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.90%
Parsons, KS (FHA|USDA|VA) 1 $25,000 $25,000 $553 6.00%
Bancfirst's top markets include Oklahoma City, Tulsa, Stillwater, Lawton, and Duncan among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against BancFirst based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,931 $488,705,000 $166,737 $2,402 7.58%
    HELOC 626 $61,280,000 $97,891 n/a 8.95%
    FHA 123 $23,135,000 $188,089 $7,456 6.85%
    VA 28 $7,910,000 $282,500 $8,835 6.79%
    USDA 28 $3,510,000 $125,357 $5,252 6.70%

    For 2023, Bancfirst's most frequently originated type of loan was Conventional, with 2,931 originations. Their 2nd most popular type was HELOC, with 626 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,802 $374,440,000 $207,791 $4,521 7.33%
    Refi 721 $92,745,000 $128,634 $1,203 7.96%
    Home Improvement 686 $80,560,000 $117,434 $903 8.20%
    Other 502 $31,850,000 $63,446 $1,103 8.54%
    Cash Out Refi 25 $4,945,000 $197,800 $5,636 6.81%

    For 2023, Bancfirst's most frequently cited loan purpose was Home Purchase, with 1,802 originations. The 2nd most popular reason was Refi, with 721 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 760 $188,570,000 $248,118 $2,244 7.67%
    5 Year 702 $57,810,000 $82,350 $594 8.61%
    30 Year 604 $143,740,000 $237,980 $5,611 6.86%
    20 Year 512 $64,860,000 $126,680 $1,831 7.62%
    10 Year 473 $34,105,000 $72,104 $879 7.74%
    15 Year 379 $36,915,000 $97,401 $1,752 7.78%
    1 Year 285 $54,555,000 $191,421 $0 8.19%
    3 Year 21 $3,985,000 $189,762 $1,004 8.08%

    For 2023, Bancfirst's most frequently cited loan duration was Other, with 760 originations. The 2nd most popular length was 5 Year, with 702 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,083 $103,145,000 $95,240
    $1k-2k 715 $133,675,000 $186,958
    $2k-3k 136 $33,180,000 $243,971
    $3k-4k 46 $13,720,000 $298,261
    $5k+ 41 $17,365,000 $423,537
    $4k-5k 21 $7,205,000 $343,095

    Bancfirst's average total fees were $5,611, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,083 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,313 $132,515,000 $100,925
    7-8% 1,156 $210,830,000 $182,379
    6-7% 1,111 $200,655,000 $180,608
    5-6% 152 $39,290,000 $258,487
    4-5% 4 $1,250,000 $312,500

    During 2023, Bancfirst's average interest rate for loans was 6.86%, while their most frequently originated rate bucket for loans was Over 8%, with 1,313 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,004 $102,740,000 $51,267 $1,231 8.12%
    $100k-200k 947 $134,465,000 $141,990 $3,556 7.47%
    $200k-400k 580 $158,940,000 $274,034 $5,242 7.23%
    $400k-600k 131 $62,115,000 $474,160 $5,514 7.20%
    $600k-1MM 52 $36,870,000 $709,038 $6,340 7.18%
    $1MM+ 22 $89,410,000 $4,064,091 $5,462 7.26%

    2023 saw Bancfirst place emphasis on $100,000 or less loans with 2,004 originations, totaling $102,740,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 657 $87,605,000 $133,341 $2,876 7.84%
    $50k-75k 616 $57,490,000 $93,328 $2,719 7.87%
    $50k or less 497 $34,035,000 $68,481 $2,352 7.96%
    $150k-250k 488 $87,780,000 $179,877 $3,387 7.75%
    $75k-100k 461 $54,155,000 $117,473 $3,136 7.72%
    $250k+ 214 $63,690,000 $297,617 $3,624 7.53%

    Bancfirst lent most frequently to those with incomes in the $100k-150k range, with 657 originations. The second most popular income band? $50k-75k, with 616 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 605 $76,745,000 $126,851 $2,531 7.81%
    30-36% 506 $65,960,000 $130,356 $2,998 7.73%
    <20% 365 $41,155,000 $112,753 $1,847 7.84%
    50-60% 101 $18,175,000 $179,950 $3,473 7.51%
    40% 98 $13,230,000 $135,000 $2,829 7.89%
    43% 96 $12,440,000 $129,583 $3,324 7.62%
    41% 94 $13,370,000 $142,234 $2,879 7.83%
    36% 85 $12,135,000 $142,765 $2,981 7.70%
    39% 82 $13,050,000 $159,146 $3,497 7.74%
    38% 75 $9,585,000 $127,800 $3,052 7.98%
    44% 69 $10,155,000 $147,174 $3,655 7.93%
    37% 67 $9,285,000 $138,582 $3,294 7.73%
    42% 66 $9,870,000 $149,545 $3,026 7.46%
    46% 65 $10,825,000 $166,538 $4,035 7.93%
    45% 65 $9,295,000 $143,000 $3,326 7.80%
    47% 64 $8,610,000 $134,531 $3,248 8.20%
    48% 57 $8,695,000 $152,544 $3,102 7.81%
    49% 52 $11,560,000 $222,308 $4,517 7.07%
    >60% 52 $6,900,000 $132,692 $1,325 8.42%

    Bancfirst lent most frequently to those with DTI ratios of 20-30%, with 605 originations. The next most common DTI ratio? 30-36%, with 506 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,549 $330,625,000 $129,708 $2,707 7.82%
    Not applicable 655 $181,625,000 $277,290 $2,566 7.58%
    American Indian 289 $36,775,000 $127,249 $3,648 7.79%
    Not provided 109 $17,465,000 $160,229 $3,439 7.52%
    Black 91 $9,565,000 $105,110 $2,545 8.24%
    Asian 37 $7,375,000 $199,324 $3,355 7.31%
    Asian Indian 2 $440,000 $220,000 $9,727 6.62%
    Japanese 1 $275,000 $275,000 $4,069 7.88%
    Other Asian 2 $270,000 $135,000 $3,788 6.94%
    Native Hawaiian or Islander 1 $125,000 $125,000 $3,188 7.13%

    Approval Rates

    Total approvals of all applications
    90.57%

    Bancfirst has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.77%

    Bancfirst has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    112.5 1 $15,000 $15,000
    225.0 1 $25,000 $25,000
    322.5 1 $5,000 $5,000
    335.0 4 $150,000 $37,500
    385.0 1 $65,000 $65,000
    387.5 1 $25,000 $25,000
    412.5 1 $55,000 $55,000
    430.0 1 $25,000 $25,000
    460.0 3 $55,000 $18,333
    462.5 1 $15,000 $15,000
    550.81 1 $35,000 $35,000
    766.7 1 $45,000 $45,000
    95.0 1 $15,000 $15,000
    NA 3,718 $584,010,000 $157,076

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,736 $584,540,000 $156,461

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 648 $53,800,000 $83,025 $1,264 8.16%
    40-60% 478 $111,380,000 $233,013 $2,608 7.78%
    60-80% 896 $172,340,000 $192,344 $3,445 7.53%
    80-100% 1,021 $210,585,000 $206,254 $4,605 7.35%
    Over 100% 34 $6,340,000 $186,471 $9,389 7.60%
    Under 20% 651 $29,135,000 $44,754 $744 8.36%