Oklahoma's Mortgage Rates, Fees & InfoOklahoma City, OK
Tax ID: 73-6093655
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewOklahoma's is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Oklahoma's 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, Tulsa, Weatherford, Stillwater, and Fort Smith among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)
Oklahoma's 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. Oklahoma's is typically an average 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.
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.
|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.78%||3/19/23|
|30 Year Conventional Refi||6.63%||3/19/23|
|30 Year Cash-out Refi||6.98%||3/19/23|
|30 Year FHA Purchase||7.57%||3/19/23|
|30 Year FHA Refi||6.27%||3/19/23|
|30 Year VA Purchase||6.63%||3/19/23|
|30 Year VA Refi||6.27%||3/19/23|
|15 Year Conventional Purchase||6.79%||3/19/23|
|15 Year Conventional Refi||6.02%||3/19/23|
|15 Year Cash-out Refi||6.02%||3/19/23|
|15 Year FHA Purchase||7.28%||3/19/23|
|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.|
Origination Dollar Volume (All Markets)$94,270,000
Oklahoma's's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 0.18%.
Relative Fees (Closing Costs)
Oklahoma's's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,576.
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.
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)||480||$75,820,000||$157,958||$2,548||3.26%|
|Outside of Metro Areas||63||$7,325,000||$116,270||$2,975||3.14%|
|TULSA, OK (FHA|USDA|VA)||26||$2,960,000||$113,846||$2,175||3.30%|
|Weatherford, OK (FHA|USDA|VA)||10||$1,200,000||$120,000||$2,969||3.39%|
|Stillwater, OK (FHA|USDA|VA)||7||$1,065,000||$152,143||$3,088||2.91%|
|FORT SMITH, AR-OK (FHA|USDA|VA)||4||$820,000||$205,000||$2,516||3.75%|
|McAlester, OK (FHA|USDA|VA)||6||$810,000||$135,000||$2,668||2.88%|
|Woodward, OK (FHA|USDA|VA)||5||$645,000||$129,000||$3,903||3.15%|
|Shawnee, OK (FHA|USDA|VA)||5||$575,000||$115,000||$3,018||3.15%|
|Duncan, OK (FHA|USDA|VA)||4||$480,000||$120,000||$2,224||2.75%|
|Muskogee, OK (FHA|USDA|VA)||3||$395,000||$131,667||$2,575||2.42%|
|ENID, OK (FHA|USDA|VA)||3||$375,000||$125,000||$4,608||3.08%|
|Guymon, OK (FHA|USDA|VA)||3||$305,000||$101,667||$3,693||2.88%|
|Ada, OK (FHA|USDA|VA)||2||$300,000||$150,000||$2,556||3.19%|
|Elk City, OK (FHA|USDA|VA)||1||$215,000||$215,000||$5,911||3.00%|
|Miami, OK (FHA|USDA|VA)||1||$215,000||$215,000||$2,244||2.38%|
|Ardmore, OK (FHA|USDA|VA)||1||$175,000||$175,000||$1,717||2.63%|
|Ponca City, OK (FHA|USDA|VA)||2||$160,000||$80,000||$3,666||4.31%|
|Tahlequah, OK (FHA|USDA|VA)||1||$125,000||$125,000||$2,147||2.25%|
|LAWTON, OK (FHA|USDA|VA)||1||$125,000||$125,000||$3,398||3.25%|
|Durant, OK (FHA|USDA|VA)||1||$105,000||$105,000||$1,637||3.38%|
|Bartlesville, OK (FHA|USDA|VA)||1||$75,000||$75,000||$4,020||3.25%|
We use machine learning to identify the top lenders compared against OKLAHOMA'S based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 208
Similarity Rank: 360
Similarity Rank: 432
Similarity Rank: 450
Similarity Rank: 540
Similarity Rank: 550
Similarity Rank: 657
Similarity Rank: 666
Similarity Rank: 841
Similarity Rank: 950
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Oklahoma's's most frequently originated type of loan was Conventional, with 470 originations. Their 2nd most popular type was HELOC, with 131 originations.
For 2021, Oklahoma's's most frequently cited loan purpose was Cash Out Refi, with 240 originations. The 2nd most popular reason was Refi, with 158 originations.
For 2021, Oklahoma's's most frequently cited loan duration was 15 Year, with 315 originations. The 2nd most popular length was 30 Year, with 215 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Oklahoma's's average total fees were $3,576, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 412 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, Oklahoma's's average interest rate for loans was 3.33%, while their most frequently originated rate bucket for loans was 3-4%, with 331 originations.
2021 saw Oklahoma's place emphasis on $100,000 or less loans with 260 originations, totaling $14,430,000 in origination value.
Oklahoma's lent most frequently to those with incomes in the $100k-150k range, with 137 originations. The second most popular income band? $50k-75k, with 135 originations.
Applicant Debt to Income Ratio
Oklahoma's lent most frequently to those with DTI ratios of 20-30%, with 181 originations. The next most common DTI ratio? 30-36%, with 119 originations.
Approval RatesTotal approvals of all applications
Oklahoma's has an average approval rate.
Pick RateApprovals leading to origination
Oklahoma's has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|