Oklahoma's Mortgage Rates, Fees & Info
Oklahoma City, OKLEI: 549300V5MRNYGHSGR060
Tax ID: 73-6093655
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Oklahoma's is a smaller mortgage company specializing in Cash Out Refi, Home Purchase, and Refi loans. Oklahoma's has a high proportion of conventional 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, Altus, Shawnee, and Stillwater among others. We have data for 12 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.
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 |
|---|---|---|
| 15 Year Conventional Purchase | 6.00% | 4/5/25 |
| 15 Year Conventional Refi | 6.00% | 4/5/25 |
| 15 Year Cash-out Refi | 6.00% | 4/5/25 |
| 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. | ||
Oklahoma's Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
179Origination Dollar Volume (All Markets)
$34,635,000Top 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 |
|---|---|---|---|---|---|
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 144 | $30,600,000 | $212,500 | $0 | 7.00% |
| TULSA, OK (FHA|USDA|VA) | 9 | $1,235,000 | $137,222 | $0 | 6.50% |
| Outside of Metro Areas | 14 | $1,180,000 | $84,286 | $0 | 0.00% |
| Altus, OK (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 8.00% |
| Shawnee, OK (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $0 | 0.00% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Weatherford, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| McAlester, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Duncan, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Muskogee, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
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: 44
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Similarity Rank: 539
Similarity Rank: 620
Similarity Rank: 686
Similarity Rank: 714
Product Mix
For 2024, Oklahoma's's most frequently originated type of loan was Conventional, with 141 originations. Their 2nd most popular type was Conventional, with 35 originations.
Loan Reason
For 2024, Oklahoma's's most frequently cited loan purpose was Cash Out Refi, with 53 originations. The 2nd most popular reason was Home Purchase, with 51 originations.
Loan Duration/Length
For 2024, Oklahoma's's most frequently cited loan duration was Other, with 144 originations. The 2nd most popular length was 15 Year, with 33 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 21 | $12,205,000 | $581,190 |
| 7-8% | 14 | $3,350,000 | $239,286 |
| Over 8% | 1 | $45,000 | $45,000 |
During 2024, Oklahoma's's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 21 originations.
Loan Sizing
2024 saw Oklahoma's place emphasis on $100,000 or less loans with 73 originations, totaling $3,945,000 in origination value.
Applicant Income
Oklahoma's lent most frequently to those with incomes in the $50k-75k range, with 37 originations. The second most popular income band? $100k-150k, with 34 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 143 | $19,035,000 | $133,112 | $0 | 0.00% |
Oklahoma's lent most frequently to those with DTI ratios of Exempt%, with 143 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.20%
Oklahoma's has an average approval rate.
Pick Rate
Approvals leading to origination64.25%
Oklahoma's 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 | 143 | $19,035,000 | $133,112 |
| NA | 36 | $15,600,000 | $433,333 |