Oklahoma's Mortgage Rates, Fees & Info
Oklahoma City, OKLEI: 549300V5MRNYGHSGR060
Tax ID: 73-6093655
Latest/2023 | 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 Home Purchase and Refi loans. Oklahoma's has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Altus, and Tulsa among others. We have data for 4 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/21/24 |
| 30 Year Conventional Purchase | 6.27% | 11/21/24 |
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 6.27% | 11/21/24 |
| 30 Year FHA Purchase | 6.27% | 11/21/24 |
| 30 Year VA Purchase | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 5.68% | 11/21/24 |
| 15 Year Conventional Refi | 5.68% | 11/21/24 |
| 15 Year Cash-out Refi | 5.68% | 11/21/24 |
| 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
36Origination Dollar Volume (All Markets)
$17,600,000Top 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) | 31 | $14,255,000 | $459,839 | $0 | 5.44% |
| Outside of Metro Areas | 3 | $2,505,000 | $835,000 | $0 | 5.92% |
| Altus, OK (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $0 | 5.25% |
| TULSA, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $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: 52
Similarity Rank: 65
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Similarity Rank: 192
Similarity Rank: 300
Similarity Rank: 369
Similarity Rank: 632
Similarity Rank: 684
Similarity Rank: 700
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 34 | $17,260,000 | $507,647 | $0 | 5.55% |
| HELOC | 2 | $340,000 | $170,000 | n/a | 5.44% |
For 2022, Oklahoma's's most frequently originated type of loan was Conventional, with 34 originations. Their 2nd most popular type was HELOC, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 18 | $6,660,000 | $370,000 | $0 | 5.60% |
| Refi | 17 | $10,745,000 | $632,059 | $0 | 5.53% |
| Home Improvement | 1 | $195,000 | $195,000 | $0 | 4.75% |
For 2022, Oklahoma's's most frequently cited loan purpose was Home Purchase, with 18 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 31 | $17,025,000 | $549,194 | $0 | 5.58% |
| 5 Year | 4 | $470,000 | $117,500 | $0 | 5.41% |
| 1 Year | 1 | $105,000 | $105,000 | $0 | 5.00% |
For 2022, Oklahoma's's most frequently cited loan duration was 15 Year, with 31 originations. The 2nd most popular length was 5 Year, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 16 | $7,760,000 | $485,000 |
| 4-5% | 9 | $6,165,000 | $685,000 |
| 7-8% | 5 | $2,145,000 | $429,000 |
| 3-4% | 3 | $445,000 | $148,333 |
| 6-7% | 3 | $1,085,000 | $361,667 |
During 2022, Oklahoma's's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 16 originations.
Loan Sizing
2022 saw Oklahoma's place emphasis on $100k-200k loans with 10 originations, totaling $1,550,000 in origination value.
Applicant Income
Oklahoma's lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $150k-250k, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 15 | $9,975,000 | $665,000 | $0 | 5.55% |
| Not provided | 21 | $7,625,000 | $363,095 | $0 | 5.54% |
Approval Rates
Total approvals of all applications76.97%
Oklahoma's has a below average approval rate.
Pick Rate
Approvals leading to origination-125.00%
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 |
|---|---|---|---|
| NA | 36 | $17,600,000 | $488,889 |