Weokie Mortgage Rates, Fees & Info

Oklahoma City, OK

LEI: 549300W8MJBUGW3ZLQ95

Tax ID: 73-0784198

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Weokie is a smaller mortgage company specializing in Home Purchase loans. Weokie has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Tulsa, Lawton, Shawnee, and Bartlesville among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Weokie 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. Weokie 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 about average 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
    30 Year Conventional Purchase 6.32% 12/16/24
    30 Year Conventional Refi 6.30% 12/16/24
    30 Year Cash-out Refi 6.69% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 5.56% 12/16/24
    15 Year Conventional Refi 5.23% 12/16/24
    15 Year Cash-out Refi 5.23% 12/16/24
    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.

    Weokie Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Weokie. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    715

    Origination Dollar Volume (All Markets)

    $93,735,000

    Awards

    WEOKIE 30 Year Conventional Loans silver WEOKIE 30 Year Conventional Loans gold WEOKIE 30 Year Conventional Loans gold
    Show all (3) awards

    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) 691 $90,285,000 $130,658 $2,616 4.46%
    Outside of Metro Areas 13 $1,875,000 $144,231 $3,229 4.11%
    TULSA, OK (FHA|USDA|VA) 3 $575,000 $191,667 $3,054 4.08%
    LAWTON, OK (FHA|USDA|VA) 1 $255,000 $255,000 $3,925 4.12%
    Shawnee, OK (FHA|USDA|VA) 2 $250,000 $125,000 $3,185 6.37%
    Bartlesville, OK (FHA|USDA|VA) 1 $145,000 $145,000 $2,464 4.75%
    Guymon, OK (FHA|USDA|VA) 1 $115,000 $115,000 $2,726 4.00%
    Elk City, OK (FHA|USDA|VA) 1 $115,000 $115,000 $2,478 3.99%
    Stillwater, OK (FHA|USDA|VA) 1 $105,000 $105,000 $4,006 5.88%
    Ponca City, OK (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.99%
    Weokie's top markets include Oklahoma City, Tulsa, Lawton, Shawnee, and Bartlesville among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against WEOKIE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 89
    WEOKIE
    Similarity Rank: 120
    First Fidelity Bank
    Similarity Rank: 180
    TRUE SKY
    Similarity Rank: 240
    Washita Mortgage, Inc.
    Similarity Rank: 564
    US Employees O.C. Federal Credit Union
    Similarity Rank: 620
    OKLAHOMA'S
    Similarity Rank: 714
    CWM PARTNERS, L.P.
    Similarity Rank: 918
    COMMUNICATION
    Similarity Rank: 1020
    Republic Bank & Trust
    Similarity Rank: 1177

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 575 $86,205,000 $149,922 $2,639 4.51%
    HELOC 140 $7,530,000 $53,786 n/a 4.25%

    For 2018, Weokie's most frequently originated type of loan was Conventional, with 575 originations. Their 2nd most popular type was HELOC, with 140 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 394 $64,630,000 $164,036 $2,737 4.38%
    Other 155 $12,675,000 $81,774 $2,403 4.55%
    Home Improvement 69 $3,015,000 $43,696 $1,091 4.60%
    Refi 58 $8,390,000 $144,655 $2,549 4.54%
    Cash Out Refi 39 $5,025,000 $128,846 $3,022 4.55%

    For 2018, Weokie's most frequently cited loan purpose was Home Purchase, with 394 originations. The 2nd most popular reason was Other, with 155 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 339 $60,115,000 $177,330 $2,942 4.16%
    5 Year 148 $7,700,000 $52,027 $534 4.35%
    15 Year 139 $17,005,000 $122,338 $2,474 5.03%
    10 Year 46 $2,750,000 $59,783 $1,282 5.13%
    20 Year 36 $5,870,000 $163,056 $2,877 4.34%
    Other 7 $295,000 $42,143 $485 6.14%

    For 2018, Weokie's most frequently cited loan duration was 30 Year, with 339 originations. The 2nd most popular length was 5 Year, with 148 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 437 $70,155,000 $160,538
    $1k-2k 53 $5,005,000 $94,434
    $2k-3k 18 $2,880,000 $160,000
    $4k-5k 3 $1,085,000 $361,667
    $3k-4k 2 $520,000 $260,000

    Weokie's average total fees were $2,942, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 437 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 331 $48,415,000 $146,269
    4-5% 200 $27,890,000 $139,450
    5-6% 89 $9,585,000 $107,697
    6-7% 50 $3,580,000 $71,600
    2.5-3% 37 $3,745,000 $101,216
    7-8% 7 $445,000 $63,571
    Over 8% 1 $75,000 $75,000

    During 2018, Weokie's average interest rate for loans was 4.16%, while their most frequently originated rate bucket for loans was 3-4%, with 331 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 297 $16,095,000 $54,192 $1,975 4.74%
    $100k-200k 281 $39,945,000 $142,153 $2,794 4.34%
    $200k-400k 127 $32,475,000 $255,709 $3,211 4.09%
    $400k-600k 8 $3,540,000 $442,500 $3,496 4.15%
    $600k-1MM 2 $1,680,000 $840,000 $3,909 4.63%

    2018 saw Weokie place emphasis on $100,000 or less loans with 297 originations, totaling $16,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 190 $17,040,000 $89,684 $2,500 4.59%
    $50k-75k 180 $20,730,000 $115,167 $2,612 4.29%
    $100k-150k 125 $19,695,000 $157,560 $2,700 4.37%
    $75k-100k 110 $13,820,000 $125,636 $2,576 4.46%
    $150k-250k 61 $11,835,000 $194,016 $3,083 4.40%
    $250k+ 13 $4,805,000 $369,615 $3,274 4.07%

    Weokie lent most frequently to those with incomes in the $50k or less range, with 190 originations. The second most popular income band? $50k-75k, with 180 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 185 $22,555,000 $121,919 $2,652 4.35%
    30-36% 122 $16,040,000 $131,475 $2,586 4.45%
    <20% 67 $7,535,000 $112,463 $2,572 4.15%
    40% 39 $5,305,000 $136,026 $2,707 4.41%
    36% 35 $3,315,000 $94,714 $2,259 4.48%
    42% 30 $3,690,000 $123,000 $2,796 5.00%
    39% 28 $4,500,000 $160,714 $2,662 4.54%
    41% 27 $2,345,000 $86,852 $2,250 4.56%
    37% 25 $3,575,000 $143,000 $2,501 4.91%
    43% 23 $2,995,000 $130,217 $2,603 4.46%
    38% 22 $3,040,000 $138,182 $3,010 4.57%
    45% 20 $3,170,000 $158,500 $2,858 4.22%
    48% 14 $3,400,000 $242,857 $3,145 4.06%
    44% 10 $1,410,000 $141,000 $2,734 4.10%
    47% 8 $1,450,000 $181,250 $2,841 4.31%
    49% 8 $1,320,000 $165,000 $2,692 4.34%
    46% 7 $955,000 $136,429 $2,141 3.91%
    >60% 4 $730,000 $182,500 $3,207 4.78%
    50-60% 2 $170,000 $85,000 $1,667 4.06%

    Weokie lent most frequently to those with DTI ratios of 20-30%, with 185 originations. The next most common DTI ratio? 30-36%, with 122 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 508 $65,280,000 $128,504 $2,619 4.48%
    Asian 60 $8,470,000 $141,167 $2,602 4.08%
    Not provided 66 $7,730,000 $117,121 $2,853 4.38%
    Not applicable 35 $5,645,000 $161,286 $0 5.19%
    Black 28 $4,040,000 $144,286 $2,567 4.40%
    American Indian 14 $2,170,000 $155,000 $2,652 4.07%
    Asian Indian 4 $400,000 $100,000 $2,652 4.59%

    Approval Rates

    Total approvals of all applications
    81.53%

    Weokie has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    63.08%

    Weokie 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 715 $93,735,000 $131,098

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $455,000 $455,000
    Single Family (1-4 Units):Site-Built 714 $93,280,000 $130,644

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 92 $5,770,000 $62,717 $1,685 4.54%
    40-60% 64 $7,800,000 $121,875 $2,554 4.14%
    60-80% 208 $30,870,000 $148,413 $2,806 4.60%
    80-100% 255 $45,405,000 $178,059 $2,884 4.28%
    Under 20% 91 $2,985,000 $32,802 $539 4.77%