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 Refi and Home Purchase loans. Weokie has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Tulsa, Stillwater, Shawnee, and Ardmore among others. We have data for 12 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

    1,016

    Origination Dollar Volume (All Markets)

    $205,290,000

    Awards

    WEOKIE 30 Year Conventional Loans gold WEOKIE 30 Year Conventional Loans gold
    Show all (2) 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) 982 $198,930,000 $202,576 $3,211 2.86%
    Outside of Metro Areas 16 $3,060,000 $191,250 $3,370 2.87%
    TULSA, OK (FHA|USDA|VA) 4 $930,000 $232,500 $3,469 2.59%
    Stillwater, OK (FHA|USDA|VA) 2 $500,000 $250,000 $4,518 2.88%
    Shawnee, OK (FHA|USDA|VA) 4 $480,000 $120,000 $2,744 3.28%
    Ardmore, OK (FHA|USDA|VA) 2 $420,000 $210,000 $4,094 3.63%
    Duncan, OK (FHA|USDA|VA) 1 $225,000 $225,000 $3,721 2.25%
    Woodward, OK (FHA|USDA|VA) 1 $175,000 $175,000 $2,712 2.88%
    ENID, OK (FHA|USDA|VA) 1 $155,000 $155,000 $3,697 2.88%
    Durant, OK (FHA|USDA|VA) 1 $155,000 $155,000 $4,008 3.25%
    McAlester, OK (FHA|USDA|VA) 1 $135,000 $135,000 $2,973 2.63%
    Elk City, OK (FHA|USDA|VA) 1 $125,000 $125,000 $2,386 2.50%
    Weokie's top markets include Oklahoma City, Tulsa, Stillwater, Shawnee, and Ardmore 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.

    TRUE SKY
    Similarity Rank: 168
    WEOKIE
    Similarity Rank: 420
    ALLEGIANCE
    Similarity Rank: 432
    Republic Bank & Trust
    Similarity Rank: 512
    TTCU Federal Credit Union
    Similarity Rank: 650
    US Employees O.C. Federal Credit Union
    Similarity Rank: 836
    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 880
    MORTGAGE CLEARING CORPORATION
    Similarity Rank: 920
    Central Bank of Oklahoma
    Similarity Rank: 960
    InterBank
    Similarity Rank: 1148

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,016 $205,290,000 $202,057 $3,217 2.86%

    For 2020, Weokie's most frequently originated type of loan was Conventional, with 1,016 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 378 $79,800,000 $211,111 $2,993 2.72%
    Home Purchase 340 $71,220,000 $209,471 $3,049 2.95%
    Cash Out Refi 174 $34,720,000 $199,540 $4,223 2.73%
    Other 92 $16,140,000 $175,435 $3,149 2.97%
    Home Improvement 32 $3,410,000 $106,563 $2,199 3.93%

    For 2020, Weokie's most frequently cited loan purpose was Refi, with 378 originations. The 2nd most popular reason was Home Purchase, with 340 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 586 $127,630,000 $217,799 $3,456 2.75%
    15 Year 260 $53,210,000 $204,654 $3,005 2.89%
    20 Year 98 $17,680,000 $180,408 $3,295 2.70%
    10 Year 50 $6,030,000 $120,600 $2,401 3.47%
    5 Year 17 $535,000 $31,471 $558 4.36%
    Other 5 $205,000 $41,000 $609 5.47%

    For 2020, Weokie's most frequently cited loan duration was 30 Year, with 586 originations. The 2nd most popular length was 15 Year, with 260 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 454 $79,260,000 $174,581
    $1k-2k 431 $82,535,000 $191,497
    $2k-3k 65 $13,925,000 $214,231
    $3k-4k 23 $7,135,000 $310,217
    $4k-5k 8 $3,220,000 $402,500
    $5k+ 5 $2,165,000 $433,000

    Weokie's average total fees were $3,456, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 454 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 445 $89,415,000 $200,933
    2.5-3% 333 $69,905,000 $209,925
    3-4% 152 $24,560,000 $161,579
    4-5% 58 $19,770,000 $340,862
    5-6% 19 $1,245,000 $65,526
    6-7% 5 $245,000 $49,000
    7-8% 4 $150,000 $37,500

    During 2020, Weokie's average interest rate for loans was 2.75%, while their most frequently originated rate bucket for loans was <2.5%, with 445 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 442 $65,320,000 $147,783 $3,131 2.76%
    $200k-400k 353 $94,345,000 $267,266 $3,594 2.67%
    $100,000 or less 172 $11,840,000 $68,837 $2,317 3.46%
    $400k-600k 34 $15,230,000 $447,941 $4,810 2.45%
    $1MM+ 11 $15,755,000 $1,432,273 $6,137 4.35%
    $600k-1MM 4 $2,800,000 $700,000 $4,178 3.00%

    2020 saw Weokie place emphasis on $100k-200k loans with 442 originations, totaling $65,320,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 247 $54,165,000 $219,291 $3,327 2.74%
    $50k-75k 213 $31,315,000 $147,019 $3,035 2.88%
    $75k-100k 185 $32,415,000 $175,216 $3,181 2.80%
    $50k or less 174 $20,090,000 $115,460 $2,828 2.91%
    $150k-250k 126 $33,040,000 $262,222 $3,633 2.69%
    $250k+ 41 $17,215,000 $419,878 $4,034 2.69%

    Weokie lent most frequently to those with incomes in the $100k-150k range, with 247 originations. The second most popular income band? $50k-75k, with 213 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 298 $57,250,000 $192,114 $3,263 2.71%
    30-36% 190 $35,910,000 $189,000 $3,331 2.89%
    <20% 180 $36,680,000 $203,778 $3,153 2.67%
    40% 46 $8,290,000 $180,217 $2,990 3.23%
    38% 41 $7,865,000 $191,829 $3,117 3.12%
    42% 33 $5,705,000 $172,879 $3,116 2.96%
    41% 30 $4,930,000 $164,333 $3,035 2.99%
    37% 27 $5,565,000 $206,111 $3,564 2.68%
    44% 22 $4,040,000 $183,636 $3,396 2.75%
    45% 22 $3,400,000 $154,545 $3,022 2.53%
    39% 21 $4,835,000 $230,238 $3,186 2.83%
    43% 21 $3,695,000 $175,952 $3,252 2.77%
    36% 20 $3,690,000 $184,500 $3,025 3.11%
    47% 13 $2,565,000 $197,308 $3,092 2.67%
    46% 9 $1,365,000 $151,667 $3,013 2.62%
    48% 7 $1,105,000 $157,857 $3,031 2.57%
    49% 3 $685,000 $228,333 $2,872 2.96%
    50-60% 1 $265,000 $265,000 $3,347 2.88%

    Weokie lent most frequently to those with DTI ratios of 20-30%, with 298 originations. The next most common DTI ratio? 30-36%, with 190 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 729 $136,295,000 $186,962 $3,229 2.83%
    Not provided 94 $20,080,000 $213,617 $3,163 2.79%
    Asian 89 $17,125,000 $192,416 $3,084 2.55%
    Not applicable 30 $17,050,000 $568,333 $0 4.63%
    American Indian 28 $6,150,000 $219,643 $3,371 2.65%
    Black 31 $5,565,000 $179,516 $3,413 3.06%
    Asian Indian 7 $1,585,000 $226,429 $3,092 2.46%
    Vietnamese 4 $690,000 $172,500 $3,183 2.69%
    Other Asian 3 $435,000 $145,000 $2,777 2.46%
    Other Pacific Islander 1 $315,000 $315,000 $3,620 2.63%

    Approval Rates

    Total approvals of all applications
    75.72%

    Weokie has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    69.09%

    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 1,016 $205,290,000 $202,057

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $13,290,000 $1,329,000
    Single Family (1-4 Units):Manufactured 1 $145,000 $145,000
    Single Family (1-4 Units):Site-Built 1,005 $191,855,000 $190,900

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 46 $5,290,000 $115,000 $2,529 3.15%
    40-60% 148 $21,660,000 $146,351 $2,941 2.64%
    60-80% 414 $91,510,000 $221,039 $3,253 2.86%
    80-100% 381 $85,855,000 $225,341 $3,560 2.75%
    Under 20% 27 $975,000 $36,111 $601 5.13%