Republic Bank & Trust Mortgage Rates, Fees & Info

Norman, OK

LEI: 549300TOUQ38J2723B48

Tax ID: 73-1324795

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Republic Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Republic Bank & Trust 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: Oklahoma City, Shawnee, and Killeen among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Republic Bank & Trust 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. Republic Bank & Trust 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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    Originations

    69

    Origination Dollar Volume (All Markets)

    $13,775,000

    Awards

    Republic Bank & Trust 30 Year Conventional Loans silver
    Show all (1) awards

    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) 64 $12,990,000 $202,969 $2,911 4.25%
    Shawnee, OK (FHA|USDA|VA) 1 $265,000 $265,000 $3,512 3.13%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $260,000 $130,000 $2,948 3.63%
    Outside of Metro Areas 2 $260,000 $130,000 $2,946 3.56%
    Republic Bank & Trust's top markets include Oklahoma City, Shawnee, and Killeen among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Republic Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TRUE SKY
    Similarity Rank: 168
    WEOKIE
    Similarity Rank: 420
    ALLEGIANCE
    Similarity Rank: 432
    Republic Bank & Trust
    Similarity Rank: 512
    TTCU Federal Credit Union
    Similarity Rank: 650
    US Employees O.C. Federal Credit Union
    Similarity Rank: 836
    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 880
    MORTGAGE CLEARING CORPORATION
    Similarity Rank: 920
    Central Bank of Oklahoma
    Similarity Rank: 960
    InterBank
    Similarity Rank: 1148

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 63 $12,345,000 $195,952 $2,855 4.26%
    VA 5 $1,335,000 $267,000 $3,218 3.45%
    FHA 1 $95,000 $95,000 $4,734 3.75%

    For 2020, Republic Bank & Trust's most frequently originated type of loan was Conventional, with 63 originations. Their 2nd most popular type was VA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 39 $7,725,000 $198,077 $3,012 3.95%
    Refi 18 $3,910,000 $217,222 $3,024 4.69%
    Cash Out Refi 8 $1,840,000 $230,000 $3,201 3.50%
    Home Improvement 2 $130,000 $65,000 $1,042 5.87%
    Other 2 $170,000 $85,000 $964 5.57%

    For 2020, Republic Bank & Trust's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 38 $8,800,000 $231,579 $3,114 3.84%
    15 Year 12 $1,860,000 $155,000 $2,942 3.75%
    20 Year 11 $1,705,000 $155,000 $1,327 5.11%
    Other 4 $830,000 $207,500 $2,892 5.40%
    10 Year 2 $130,000 $65,000 $1,025 5.27%
    1 Year 1 $295,000 $295,000 $4,317 5.00%
    5 Year 1 $155,000 $155,000 $0 4.99%

    For 2020, Republic Bank & Trust's most frequently cited loan duration was 30 Year, with 38 originations. The 2nd most popular length was 15 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 46 $9,830,000 $213,696
    $1k-2k 5 $1,235,000 $247,000
    $2k-3k 1 $295,000 $295,000

    Republic Bank & Trust's average total fees were $3,114, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 46 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 39 $9,075,000 $232,692
    4-5% 15 $2,215,000 $147,667
    5-6% 12 $1,770,000 $147,500
    6-7% 2 $450,000 $225,000
    2.5-3% 1 $265,000 $265,000

    During 2020, Republic Bank & Trust's average interest rate for loans was 3.84%, while their most frequently originated rate bucket for loans was 3-4%, with 39 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 24 $6,390,000 $266,250 $3,112 3.90%
    $100k-200k 23 $3,285,000 $142,826 $2,705 4.07%
    $100,000 or less 16 $1,130,000 $70,625 $2,185 4.92%
    $400k-600k 6 $2,970,000 $495,000 $3,908 3.92%

    2020 saw Republic Bank & Trust place emphasis on $200k-400k loans with 24 originations, totaling $6,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 14 $3,000,000 $214,286 $2,710 4.73%
    $100k-150k 13 $2,465,000 $189,615 $2,739 4.02%
    $50k-75k 11 $1,955,000 $177,727 $2,902 3.76%
    $75k-100k 10 $2,460,000 $246,000 $3,128 3.30%
    $50k or less 5 $695,000 $139,000 $3,148 3.65%
    $250k+ 3 $1,175,000 $391,667 $3,543 4.38%

    Republic Bank & Trust lent most frequently to those with incomes in the $150k-250k range, with 14 originations. The second most popular income band? $100k-150k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 21 $4,045,000 $192,619 $2,761 4.04%
    30-36% 16 $3,930,000 $245,625 $2,936 3.93%
    <20% 7 $1,035,000 $147,857 $2,974 3.91%
    43% 3 $315,000 $105,000 $1,897 5.31%
    39% 2 $690,000 $345,000 $3,474 3.50%
    45% 1 $315,000 $315,000 $3,293 3.13%
    48% 1 $205,000 $205,000 $3,033 3.99%
    49% 1 $235,000 $235,000 $2,993 3.50%
    >60% 1 $295,000 $295,000 $3,710 5.34%
    37% 1 $95,000 $95,000 $4,734 3.75%
    38% 1 $145,000 $145,000 $2,927 4.63%
    41% 1 $265,000 $265,000 $3,626 3.00%
    42% 1 $225,000 $225,000 $2,846 3.63%

    Republic Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 21 originations. The next most common DTI ratio? 30-36%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 50 $10,700,000 $214,000 $2,873 4.07%
    Not applicable 11 $1,865,000 $169,545 $0 5.09%
    Asian 4 $690,000 $172,500 $3,103 3.53%
    American Indian 2 $370,000 $185,000 $3,876 3.75%
    Not provided 2 $150,000 $75,000 $2,929 4.25%

    Approval Rates

    Total approvals of all applications
    93.75%

    Republic Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.57%

    Republic Bank & Trust 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 69 $13,775,000 $199,638

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $535,000 $535,000
    Single Family (1-4 Units):Site-Built 68 $13,240,000 $194,706

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $1,105,000 $221,000 $1,852 4.98%
    40-60% 6 $1,670,000 $278,333 $3,244 3.79%
    60-80% 31 $5,945,000 $191,774 $3,127 4.02%
    80-100% 22 $4,560,000 $207,273 $3,100 4.07%
    Under 20% 4 $380,000 $95,000 $1,086 5.77%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Republic State Mortgage Co. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%