Mcclain Bank Mortgage Rates, Fees & Info
Purcell, OKLEI: 549300VWTT8C7CZNY023
Tax ID: 73-0345910
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Mcclain Bank is a smaller bank specializing in Refi and Home Purchase 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 above 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
241Origination Dollar Volume (All Markets)
$41,215,000Top 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) | 213 | $33,275,000 | $156,221 | $0 | 0.00% |
| Outside of Metro Areas | 28 | $7,940,000 | $283,571 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 235 | $40,275,000 | $171,383 | $0 | 0.00% |
| USDA | 6 | $940,000 | $156,667 | $0 | 0.00% |
For 2022, Mcclain Bank's most frequently originated type of loan was Conventional, with 235 originations. Their 2nd most popular type was USDA, with 6 originations.
Loan Reason
For 2022, Mcclain Bank's most frequently cited loan purpose was Refi, with 139 originations. The 2nd most popular reason was Home Purchase, with 85 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 241 | $41,215,000 | $171,017 | $0 | 0.00% |
For 2022, Mcclain Bank's most frequently cited loan duration was Other, with 241 originations.
Loan Sizing
2022 saw Mcclain Bank place emphasis on $100k-200k loans with 125 originations, totaling $17,005,000 in origination value.
Applicant Income
Mcclain Bank lent most frequently to those with incomes in the $50k-75k range, with 26 originations. The second most popular income band? $100k-150k, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 241 | $41,215,000 | $171,017 | $0 | 0.00% |
Mcclain Bank lent most frequently to those with DTI ratios of Exempt%, with 241 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.41%
Mcclain Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.38%
Mcclain Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 241 | $41,215,000 | $171,017 |