Fort Sill Mortgage Rates, Fees & Info
Fort Sill, OKLEI: 549300N1LBROQFJ7YJ64
Tax ID: 73-0646603
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Fort Sill is a smaller mortgage company specializing in Home Purchase loans. Fort Sill has a high proportion of conventional loans. Their top two markets are Lawton and Duncan .Fort Sill has an 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% | 12/2/24 |
| 30 Year Conventional Refi | 6.08% | 12/2/24 |
| 30 Year Cash-out Refi | 6.42% | 12/2/24 |
| 30 Year VA Purchase | 6.19% | 12/2/24 |
| 15 Year Conventional Refi | 6.10% | 12/2/24 |
| 15 Year Cash-out Refi | 6.10% | 12/2/24 |
| 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
14Origination Dollar Volume (All Markets)
$2,360,000Top 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) | 10 | $1,550,000 | $155,000 | $4,164 | 4.01% |
| Duncan, OK (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $4,991 | 4.16% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 13 | $2,215,000 | $170,385 | $4,468 | 4.13% |
| VA | 1 | $145,000 | $145,000 | $3,524 | 3.13% |
For 2022, Fort Sill's most frequently originated type of loan was Conventional, with 13 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2022, Fort Sill's most frequently cited loan purpose was Home Purchase, with 7 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
Loan Duration/Length
For 2022, Fort Sill's most frequently cited loan duration was 30 Year, with 10 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 | 5 | $845,000 | $169,000 |
| $<1k | 3 | $665,000 | $221,667 |
| $2k-3k | 3 | $285,000 | $95,000 |
| $3k-4k | 2 | $280,000 | $140,000 |
| $4k-5k | 1 | $285,000 | $285,000 |
Fort Sill's average total fees were $4,410, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 5 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 6 | $1,170,000 | $195,000 |
| 4-5% | 6 | $940,000 | $156,667 |
| 2.5-3% | 1 | $105,000 | $105,000 |
| 5-6% | 1 | $145,000 | $145,000 |
During 2022, Fort Sill's average interest rate for loans was 4.20%, while their most frequently originated rate bucket for loans was 3-4%, with 6 originations.
Loan Sizing
2022 saw Fort Sill place emphasis on $100k-200k loans with 9 originations, totaling $1,215,000 in origination value.
Applicant Income
Fort Sill lent most frequently to those with incomes in the $50k-75k range, with 4 originations. The second most popular income band? $50k or less, with 4 originations.
Applicant Debt to Income Ratio
Fort Sill lent most frequently to those with DTI ratios of 20-30%, with 3 originations. The next most common DTI ratio? 30-36%, with 3 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.36%
Fort Sill has an average approval rate.
Pick Rate
Approvals leading to origination71.43%
Fort Sill has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 14 | $2,360,000 | $168,571 |