First Oklahoma Mortgage Rates, Fees & Info
Jenks, OKLEI: 549300O51V8F4P0SOY08
Tax ID: 27-0411463
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
First Oklahoma Mortgage is a smaller mortgage company specializing in Home Purchase loans. First Oklahoma Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Tulsa, Oklahoma City, Phoenix, Tahlequah, and Stillwater among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)First Oklahoma Mortgage 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.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.91% | 11/22/24 |
| 30 Year Conventional Refi | 6.46% | 11/22/24 |
| 30 Year Cash-out Refi | 6.86% | 11/22/24 |
| 30 Year FHA Purchase | 7.10% | 11/22/24 |
| 30 Year FHA Refi | 6.27% | 11/22/24 |
| 30 Year VA Purchase | 6.27% | 11/22/24 |
| 30 Year VA Refi | 6.36% | 11/22/24 |
| 15 Year Conventional Purchase | 6.83% | 11/22/24 |
| 15 Year Conventional Refi | 5.68% | 11/22/24 |
| 15 Year Cash-out Refi | 5.68% | 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. | ||
First Oklahoma Mortgage Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from First Oklahoma Mortgage. 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
115Origination Dollar Volume (All Markets)
$23,645,000Top 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) | 110 | $22,280,000 | $202,545 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Oklahoma Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 42
Similarity Rank: 66
Similarity Rank: 192
Similarity Rank: 294
Similarity Rank: 297
Similarity Rank: 306
Similarity Rank: 656
Similarity Rank: 748
Similarity Rank: 880
Similarity Rank: 1040
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 82 | $17,300,000 | $210,976 | $0 | 0.00% |
| FHA | 24 | $4,040,000 | $168,333 | $0 | 0.00% |
| VA | 9 | $2,305,000 | $256,111 | $0 | 0.00% |
For 2018, First Oklahoma Mortgage's most frequently originated type of loan was Conventional, with 82 originations. Their 2nd most popular type was FHA, with 24 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 101 | $20,635,000 | $204,307 | $0 | 0.00% |
| Refi | 13 | $2,575,000 | $198,077 | $0 | 0.00% |
| Cash Out Refi | 1 | $435,000 | $435,000 | $0 | 0.00% |
For 2018, First Oklahoma Mortgage's most frequently cited loan purpose was Home Purchase, with 101 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 115 | $23,645,000 | $205,609 | $0 | 0.00% |
For 2018, First Oklahoma Mortgage's most frequently cited loan duration was Other, with 115 originations.
Loan Sizing
2018 saw First Oklahoma Mortgage place emphasis on $100k-200k loans with 56 originations, totaling $8,510,000 in origination value.
Applicant Income
First Oklahoma Mortgage lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $50k-75k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 115 | $23,645,000 | $205,609 | $0 | 0.00% |
First Oklahoma Mortgage lent most frequently to those with DTI ratios of Exempt%, with 115 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.82%
First Oklahoma Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination23.48%
First Oklahoma Mortgage 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 |
|---|---|---|---|
| Exempt | 115 | $23,645,000 | $205,609 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 115 | $23,645,000 | $205,609 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| First Colony Mortgage Corp. | FHA mortgage | Closing on a mortgage | 1 | 100.0% |