Oklahoma's Mortgage Rates, Fees & Info
Oklahoma City, OKLEI: 549300V5MRNYGHSGR060
Tax ID: 73-6093655
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Mortgage Data
Review & Overview
Oklahoma's is a smaller mortgage company specializing in 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, Stillwater, Shawnee, and Ada among others. We have data for 17 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 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 relatively high 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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.27% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 30 Year FHA Purchase | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 15 Year Conventional Refi | 5.68% | 11/17/24 |
| 15 Year Cash-out Refi | 5.68% | 11/17/24 |
| 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. | ||
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
439Origination Dollar Volume (All Markets)
$59,185,000Awards
OKLAHOMA'S - 2023
OKLAHOMA'S is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Oklahoma's's average 30 year fixed mortgage rate was
6.74%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.26%.
Relative Fees (Closing Costs)
Oklahoma's's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,475.
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 $9,089.
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) | 350 | $50,600,000 | $144,571 | $2,068 | 7.56% |
| Outside of Metro Areas | 31 | $3,065,000 | $98,871 | $2,247 | 6.92% |
| TULSA, OK (FHA|USDA|VA) | 26 | $2,610,000 | $100,385 | $1,587 | 8.23% |
| Stillwater, OK (FHA|USDA|VA) | 5 | $695,000 | $139,000 | $3,324 | 7.48% |
| Shawnee, OK (FHA|USDA|VA) | 8 | $640,000 | $80,000 | $2,031 | 7.14% |
| Ada, OK (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,115 | 6.94% |
| Altus, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,952 | 6.00% |
| Elk City, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,149 | 5.88% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,159 | 7.25% |
| Weatherford, OK (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $633 | 6.08% |
| Woodward, OK (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $0 | 9.25% |
| Guymon, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,787 | 6.38% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $1,103 | 8.00% |
| ENID, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,622 | 6.25% |
| Duncan, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,183 | 6.63% |
| McAlester, OK (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $1,131 | 7.00% |
| Ponca City, OK (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.00% |
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: 133
Similarity Rank: 144
Similarity Rank: 154
Similarity Rank: 220
Similarity Rank: 335
Similarity Rank: 378
Similarity Rank: 396
Similarity Rank: 496
Similarity Rank: 752
Similarity Rank: 864
Product Mix
For 2023, Oklahoma's's most frequently originated type of loan was Conventional, with 301 originations. Their 2nd most popular type was HELOC, with 132 originations.
Loan Reason
For 2023, Oklahoma's's most frequently cited loan purpose was Other, with 142 originations. The 2nd most popular reason was Refi, with 110 originations.
Loan Duration/Length
For 2023, Oklahoma's's most frequently cited loan duration was 15 Year, with 227 originations. The 2nd most popular length was 30 Year, with 90 originations.
Origination Fees/Closing Costs
Oklahoma's's average total fees were $3,475, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 182 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 164 | $31,790,000 | $193,841 |
| Over 8% | 141 | $7,605,000 | $53,936 |
| 7-8% | 103 | $16,135,000 | $156,650 |
| 5-6% | 29 | $3,265,000 | $112,586 |
| 4-5% | 2 | $390,000 | $195,000 |
During 2023, Oklahoma's's average interest rate for loans was 6.74%, while their most frequently originated rate bucket for loans was 6-7%, with 164 originations.
Loan Sizing
2023 saw Oklahoma's place emphasis on $100,000 or less loans with 254 originations, totaling $11,880,000 in origination value.
Applicant Income
Oklahoma's lent most frequently to those with incomes in the $100k-150k range, with 104 originations. The second most popular income band? $50k-75k, with 75 originations.
Applicant Debt to Income Ratio
Oklahoma's lent most frequently to those with DTI ratios of 20-30%, with 96 originations. The next most common DTI ratio? 30-36%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.49%
Oklahoma's has a below average approval rate.
Pick Rate
Approvals leading to origination81.09%
Oklahoma's has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 21 | $985,000 | $46,905 |
| 350.0 | 97 | $5,215,000 | $53,763 |
| 460.0 | 1 | $55,000 | $55,000 |
| 465.0 | 1 | $25,000 | $25,000 |
| 485.0 | 1 | $75,000 | $75,000 |
| NA | 318 | $52,830,000 | $166,132 |