Bancfirst Mortgage Rates, Fees & Info
Oklahoma City, OKLEI: 549300MNZECUR067HB12
Tax ID: 73-1332918
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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, Ardmore, and Shawnee among others. We have data for 36 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.35% | 4/28/24 |
| 30 Year Conventional Purchase | 6.76% | 4/28/24 |
| 30 Year Conventional Refi | 6.81% | 4/28/24 |
| 30 Year Cash-out Refi | 7.11% | 4/28/24 |
| 30 Year FHA Purchase | 7.58% | 4/28/24 |
| 30 Year FHA Refi | 7.17% | 4/28/24 |
| 30 Year VA Purchase | 6.35% | 4/28/24 |
| 30 Year USDA Purchase | 6.97% | 4/28/24 |
| 15 Year Conventional Purchase | 6.93% | 4/28/24 |
| 15 Year Conventional Refi | 7.17% | 4/28/24 |
| 15 Year Cash-out Refi | 7.17% | 4/28/24 |
| 15 Year FHA Purchase | 6.50% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,249Origination Dollar Volume (All Markets)
$645,105,000Awards
BancFirst - 2022
BancFirst is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 1,524 | $265,580,000 | $174,265 | $2,964 | 5.57% |
| TULSA, OK (FHA|USDA|VA) | 584 | $110,890,000 | $189,880 | $3,564 | 5.54% |
| Outside of Metro Areas | 589 | $71,335,000 | $121,112 | $2,837 | 5.76% |
| Stillwater, OK (FHA|USDA|VA) | 176 | $31,510,000 | $179,034 | $3,225 | 5.46% |
| Ardmore, OK (FHA|USDA|VA) | 150 | $24,730,000 | $164,867 | $2,517 | 5.43% |
| Shawnee, OK (FHA|USDA|VA) | 168 | $22,510,000 | $133,988 | $2,918 | 5.64% |
| LAWTON, OK (FHA|USDA|VA) | 234 | $21,580,000 | $92,222 | $2,970 | 5.10% |
| Duncan, OK (FHA|USDA|VA) | 226 | $21,180,000 | $93,717 | $2,061 | 5.48% |
| Tahlequah, OK (FHA|USDA|VA) | 156 | $16,950,000 | $108,654 | $4,018 | 5.95% |
| McAlester, OK (FHA|USDA|VA) | 116 | $13,280,000 | $114,483 | $2,418 | 5.99% |
| Muskogee, OK (FHA|USDA|VA) | 115 | $12,855,000 | $111,783 | $3,711 | 5.72% |
| Weatherford, OK (FHA|USDA|VA) | 48 | $8,160,000 | $170,000 | $4,020 | 5.54% |
| Bartlesville, OK (FHA|USDA|VA) | 48 | $7,750,000 | $161,458 | $4,552 | 6.00% |
| Ponca City, OK (FHA|USDA|VA) | 43 | $4,485,000 | $104,302 | $2,962 | 5.92% |
| ENID, OK (FHA|USDA|VA) | 14 | $1,760,000 | $125,714 | $3,261 | 5.29% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $1,485,000 | $495,000 | $11,199 | 5.87% |
| Ada, OK (FHA|USDA|VA) | 11 | $1,185,000 | $107,727 | $1,515 | 5.88% |
| Miami, OK (FHA|USDA|VA) | 9 | $965,000 | $107,222 | $3,268 | 6.29% |
| Durant, OK (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $2,768 | 5.60% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $5,581 | 4.88% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $693 | 5.38% |
| Taos, NM (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 6.25% |
| Altus, OK (FHA|USDA|VA) | 5 | $495,000 | $99,000 | $2,975 | 5.93% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 5.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 5.00% |
| Elk City, OK (FHA|USDA|VA) | 4 | $420,000 | $105,000 | $3,573 | 5.34% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 5.88% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 4.92% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 3.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.25% |
| Montrose, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 5.00% |
| Coffeyville, KS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.75% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.50% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.50% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,038 | 5.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.00% |
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
For 2022, Bancfirst's most frequently originated type of loan was Conventional, with 3,322 originations. Their 2nd most popular type was HELOC, with 650 originations.
Loan Reason
For 2022, Bancfirst's most frequently cited loan purpose was Home Purchase, with 2,177 originations. The 2nd most popular reason was Refi, with 827 originations.
Loan Duration/Length
For 2022, Bancfirst's most frequently cited loan duration was 30 Year, with 897 originations. The 2nd most popular length was 10 Year, with 682 originations.
Origination Fees/Closing Costs
Bancfirst's average total fees were $5,162, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,673 originations.
Interest Rates
During 2022, Bancfirst's average interest rate for loans was 5.02%, while their most frequently originated rate bucket for loans was 4-5%, with 1,261 originations.
Loan Sizing
2022 saw Bancfirst place emphasis on $100,000 or less loans with 2,187 originations, totaling $112,375,000 in origination value.
Applicant Income
Bancfirst lent most frequently to those with incomes in the $50k-75k range, with 696 originations. The second most popular income band? $100k-150k, with 674 originations.
Applicant Debt to Income Ratio
Bancfirst lent most frequently to those with DTI ratios of 20-30%, with 847 originations. The next most common DTI ratio? 30-36%, with 576 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.48%
Bancfirst has an average approval rate.
Pick Rate
Approvals leading to origination85.01%
Bancfirst has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $45,000 | $45,000 |
| 100.0 | 1 | $35,000 | $35,000 |
| 105.0 | 1 | $15,000 | $15,000 |
| 112.5 | 1 | $45,000 | $45,000 |
| 235.0 | 2 | $100,000 | $50,000 |
| 259.0 | 1 | $5,000 | $5,000 |
| 277.5 | 1 | $5,000 | $5,000 |
| 285.0 | 1 | $15,000 | $15,000 |
| 310.0 | 2 | $60,000 | $30,000 |
| 330.0 | 1 | $45,000 | $45,000 |
| 335.0 | 12 | $350,000 | $29,167 |
| 337.5 | 1 | $15,000 | $15,000 |
| 340.0 | 1 | $35,000 | $35,000 |
| 387.5 | 1 | $15,000 | $15,000 |
| 410.0 | 1 | $25,000 | $25,000 |
| 460.0 | 2 | $140,000 | $70,000 |
| 485.0 | 2 | $90,000 | $45,000 |
| 548.28 | 1 | $35,000 | $35,000 |
| 60.0 | 1 | $5,000 | $5,000 |
| 663.19 | 1 | $85,000 | $85,000 |
| 751.5 | 1 | $45,000 | $45,000 |
| 760.0 | 1 | $45,000 | $45,000 |
| 85.0 | 1 | $35,000 | $35,000 |
| 855.0 | 1 | $55,000 | $55,000 |
| NA | 4,210 | $643,760,000 | $152,912 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANCO POPULAR DE PUERTO RICO | VA mortgage | Trouble during payment process | 1 | 100.0% |