First Bank Of Owasso Mortgage Rates, Fees & Info
Owasso, OKLEI: 549300X9F6RDCRU0HK78
Tax ID: 73-0789371
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Bank Of Owasso is a smaller bank specializing in Home Purchase loans. First Bank Of Owasso has a high proportion of conventional loans. Their top markets by origination volume include: Tulsa, Chicago, and Bartlesville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)First Bank Of Owasso 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
66Origination Dollar Volume (All Markets)
$12,770,000Top 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 |
|---|---|---|---|---|---|
| TULSA, OK (FHA|USDA|VA) | 62 | $11,610,000 | $187,258 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $870,000 | $435,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 66 | $12,770,000 | $193,485 | $0 | 0.00% |
For 2023, First Bank Of Owasso's most frequently originated type of loan was Conventional, with 66 originations.
Loan Reason
For 2023, First Bank Of Owasso's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Home Improvement, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 66 | $12,770,000 | $193,485 | $0 | 0.00% |
For 2023, First Bank Of Owasso's most frequently cited loan duration was Other, with 66 originations.
Loan Sizing
2023 saw First Bank Of Owasso place emphasis on $100k-200k loans with 25 originations, totaling $3,535,000 in origination value.
Applicant Income
First Bank Of Owasso lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $50k or less, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 66 | $12,770,000 | $193,485 | $0 | 0.00% |
First Bank Of Owasso lent most frequently to those with DTI ratios of Exempt%, with 66 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.40%
First Bank Of Owasso has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.36%
First Bank Of Owasso has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 66 | $12,770,000 | $193,485 |