Fort Sill Mortgage Rates, Fees & Info
Fort Sill, OKLEI: 549300N1LBROQFJ7YJ64
Tax ID: 73-0646603
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Mortgage Data
Review & Overview
Fort Sill is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Fort Sill has a high proportion of conventional loans. Their top (well, only) market is Lawton.Fort Sill 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. Fort Sill is typically a low 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 |
|---|---|---|
| 30 Year Conventional Purchase | 5.92% | 11/22/24 |
| 30 Year Conventional Refi | 6.08% | 11/22/24 |
| 30 Year Cash-out Refi | 6.42% | 11/22/24 |
| 30 Year VA Purchase | 6.19% | 11/22/24 |
| 15 Year Conventional Refi | 6.10% | 11/22/24 |
| 15 Year Cash-out Refi | 6.10% | 11/22/24 |
| 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. | ||
Fort Sill Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
8Origination Dollar Volume (All Markets)
$730,000Top 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 |
|---|---|---|---|---|---|
| LAWTON, OK (FHA|USDA|VA) | 8 | $730,000 | $91,250 | $2,896 | 3.23% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 8 | $730,000 | $91,250 | $2,896 | 3.23% |
For 2020, Fort Sill's most frequently originated type of loan was Conventional, with 8 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 4 | $360,000 | $90,000 | $2,026 | 3.19% |
| Cash Out Refi | 3 | $265,000 | $88,333 | $3,739 | 3.25% |
| Other | 1 | $105,000 | $105,000 | $3,843 | 3.38% |
For 2020, Fort Sill's most frequently cited loan purpose was Home Purchase, with 4 originations. The 2nd most popular reason was Cash Out Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 5 | $545,000 | $109,000 | $2,273 | 3.28% |
| 15 Year | 3 | $185,000 | $61,667 | $3,932 | 3.17% |
For 2020, Fort Sill's most frequently cited loan duration was 30 Year, with 5 originations. The 2nd most popular length was 15 Year, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 6 | $570,000 | $95,000 |
| $<1k | 2 | $160,000 | $80,000 |
Fort Sill's average total fees were $2,273, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 6 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 6 | $610,000 | $101,667 |
| 2.5-3% | 2 | $120,000 | $60,000 |
During 2020, Fort Sill's average interest rate for loans was 3.28%, while their most frequently originated rate bucket for loans was 3-4%, with 6 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 5 | $345,000 | $69,000 | $2,731 | 3.23% |
| $100k-200k | 3 | $385,000 | $128,333 | $3,170 | 3.25% |
2020 saw Fort Sill place emphasis on $100,000 or less loans with 5 originations, totaling $345,000 in origination value.
Applicant Income
Fort Sill lent most frequently to those with incomes in the $50k-75k range, with 3 originations. The second most popular income band? $50k or less, with 2 originations.
Applicant Debt to Income Ratio
Fort Sill lent most frequently to those with DTI ratios of <20%, with 3 originations. The next most common DTI ratio? 20-30%, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 7 | $655,000 | $93,571 | $3,131 | 3.23% |
| Not provided | 1 | $75,000 | $75,000 | $1,246 | 3.25% |
Approval Rates
Total approvals of all applications100.00%
Fort Sill has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination25.00%
Fort Sill has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 8 | $730,000 | $91,250 |