Interbank Mortgage Rates, Fees & Info
Oklahoma City, OKLEI: 549300T2PYPUFN0IWJ63
Tax ID: 73-1319566
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Mortgage Data
Review & Overview
Interbank is a smaller bank specializing in Home Purchase loans. Interbank 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.) Their top markets by origination volume include: Dallas, Oklahoma City, Kalispell, Stephenville, and Santa Cruz among others. We have data for 38 markets. (Some data included below & more in-depth data is available with an active subscription.)Interbank 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. Interbank 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.76% | 11/30/23 |
| 30 Year Conventional Refi | 6.54% | 11/30/23 |
| 30 Year Cash-out Refi | 6.80% | 11/30/23 |
| 30 Year FHA Purchase | 7.06% | 11/30/23 |
| 30 Year FHA Refi | 6.27% | 11/30/23 |
| 30 Year VA Purchase | 6.27% | 11/30/23 |
| 30 Year USDA Purchase | 6.27% | 11/30/23 |
| 15 Year Conventional Purchase | 6.46% | 11/30/23 |
| 15 Year Conventional Refi | 6.99% | 11/30/23 |
| 15 Year Cash-out Refi | 6.99% | 11/30/23 |
| 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. | ||
Interbank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
523Origination Dollar Volume (All Markets)
$435,275,000Awards
InterBank - 2022
InterBank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Interbank's average 30 year fixed mortgage rate was
4.78%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.02%.
Relative Fees (Closing Costs)
Interbank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,798.
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 $4,750.
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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 87 | $320,045,000 | $3,678,678 | $3,420 | 5.42% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 107 | $25,555,000 | $238,832 | $3,544 | 4.86% |
| Outside of Metro Areas | 157 | $23,045,000 | $146,783 | $2,890 | 5.33% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $20,795,000 | $20,795,000 | $0 | 6.75% |
| Stephenville, TX (FHA|USDA|VA) | 31 | $8,835,000 | $285,000 | $3,465 | 5.07% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $4,405,000 | $4,405,000 | $0 | 4.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $3,995,000 | $1,331,667 | $3,349 | 3.75% |
| Granbury, TX (FHA|USDA|VA) | 13 | $3,195,000 | $245,769 | $3,900 | 4.31% |
| ENID, OK (FHA|USDA|VA) | 33 | $3,145,000 | $95,303 | $3,059 | 5.23% |
| Elk City, OK (FHA|USDA|VA) | 22 | $2,820,000 | $128,182 | $2,417 | 5.44% |
| Corsicana, TX (FHA|USDA|VA) | 2 | $1,980,000 | $990,000 | $732 | 5.25% |
| Weatherford, OK (FHA|USDA|VA) | 19 | $1,965,000 | $103,421 | $3,068 | 5.41% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $1,555,000 | $1,555,000 | $0 | 5.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $1,360,000 | $680,000 | $0 | 4.19% |
| Stillwater, OK (FHA|USDA|VA) | 4 | $1,280,000 | $320,000 | $1,764 | 4.81% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $1,215,000 | $1,215,000 | $8,663 | 6.75% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,155,000 | $1,155,000 | $0 | 6.50% |
| Jacksonville, TX (FHA|USDA|VA) | 10 | $1,100,000 | $110,000 | $0 | 5.75% |
| Mineral Wells, TX (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $3,532 | 4.28% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $5,668 | 3.94% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 4.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $7,015 | 5.00% |
| ABILENE, TX (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,769 | 5.75% |
| McAlester, OK (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $2,979 | 6.25% |
| Shawnee, OK (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $5,093 | 4.13% |
| Borger, TX (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,525 | 5.63% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 6.50% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,117 | 4.25% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 4.50% |
| Taos, NM (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,423 | 3.25% |
| Woodward, OK (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,016 | 5.75% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.25% |
| TYLER, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,378 | 5.00% |
| Athens, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.50% |
| TULSA, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,372 | 3.75% |
| Alice, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.00% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.50% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,005 | 5.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against InterBank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 188
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Similarity Rank: 776
Similarity Rank: 777
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 506 | $431,920,000 | $853,597 | $3,017 | 5.20% |
| FHA | 17 | $3,355,000 | $197,353 | $7,052 | 4.65% |
For 2022, Interbank's most frequently originated type of loan was Conventional, with 506 originations. Their 2nd most popular type was FHA, with 17 originations.
Loan Reason
For 2022, Interbank's most frequently cited loan purpose was Home Purchase, with 354 originations. The 2nd most popular reason was Refi, with 62 originations.
Loan Duration/Length
For 2022, Interbank's most frequently cited loan duration was 30 Year, with 218 originations. The 2nd most popular length was 15 Year, with 73 originations.
Origination Fees/Closing Costs
Interbank's average total fees were $3,798, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 275 originations.
Interest Rates
During 2022, Interbank's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 4-5%, with 163 originations.
Loan Sizing
2022 saw Interbank place emphasis on $100,000 or less loans with 173 originations, totaling $10,345,000 in origination value.
Applicant Income
Interbank lent most frequently to those with incomes in the $100k-150k range, with 73 originations. The second most popular income band? $75k-100k, with 59 originations.
Applicant Debt to Income Ratio
Interbank lent most frequently to those with DTI ratios of 20-30%, with 97 originations. The next most common DTI ratio? 30-36%, with 58 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.57%
Interbank has an average approval rate.
Pick Rate
Approvals leading to origination85.28%
Interbank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 45.55 | 1 | $25,000 | $25,000 |
| NA | 522 | $435,250,000 | $833,812 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| INTERFIRST MORTGAGE COMPANY | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |