Mcclain Bank Mortgage Rates, Fees & Info
Purcell, OKLEI: 549300VWTT8C7CZNY023
Tax ID: 73-0345910
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Mortgage Data
Review & Overview
Mcclain Bank is a smaller bank specializing in Home Purchase and Refi loans. Mcclain Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top (well, only) market is Oklahoma City.Mcclain Bank 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.
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Originations
104Origination Dollar Volume (All Markets)
$20,710,000Top 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) | 97 | $19,095,000 | $196,856 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $1,615,000 | $230,714 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 103 | $20,635,000 | $200,340 | $0 | 0.00% |
| USDA | 1 | $75,000 | $75,000 | $0 | 0.00% |
For 2023, Mcclain Bank's most frequently originated type of loan was Conventional, with 103 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2023, Mcclain Bank's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Refi, with 45 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 104 | $20,710,000 | $199,135 | $0 | 0.00% |
For 2023, Mcclain Bank's most frequently cited loan duration was Other, with 104 originations.
Loan Sizing
2023 saw Mcclain Bank place emphasis on $100k-200k loans with 46 originations, totaling $6,470,000 in origination value.
Applicant Income
Mcclain Bank lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $50k-75k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 104 | $20,710,000 | $199,135 | $0 | 0.00% |
Mcclain Bank lent most frequently to those with DTI ratios of Exempt%, with 104 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.14%
Mcclain Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.62%
Mcclain Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 104 | $20,710,000 | $199,135 |