First Bank Of Owasso Mortgage Rates, Fees & Info

Owasso, OK

LEI: 549300X9F6RDCRU0HK78

Tax ID: 73-0789371

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    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, Bartlesville, and Chicago 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.

    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.

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    Originations

    63

    Origination Dollar Volume (All Markets)

    $22,475,000

    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
    TULSA, OK (FHA|USDA|VA) 59 $20,855,000 $353,475 $0 0.00%
    Outside of Metro Areas 2 $920,000 $460,000 $0 0.00%
    Bartlesville, OK (FHA|USDA|VA) 1 $565,000 $565,000 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    First Bank Of Owasso's top markets include Tulsa, Bartlesville, and Chicago among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 63 $22,475,000 $356,746 $0 0.00%

    For 2024, First Bank Of Owasso's most frequently originated type of loan was Conventional, with 63 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 54 $21,140,000 $391,481 $0 0.00%
    Home Improvement 7 $585,000 $83,571 $0 0.00%
    Refi 2 $750,000 $375,000 $0 0.00%

    For 2024, First Bank Of Owasso's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Home Improvement, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 63 $22,475,000 $356,746 $0 0.00%

    For 2024, First Bank Of Owasso's most frequently cited loan duration was Other, with 63 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 29 $4,205,000 $145,000 $0 0.00%
    $100,000 or less 15 $1,015,000 $67,667 $0 0.00%
    $200k-400k 8 $2,180,000 $272,500 $0 0.00%
    $400k-600k 4 $1,950,000 $487,500 $0 0.00%
    $600k-1MM 4 $2,820,000 $705,000 $0 0.00%
    $1MM+ 3 $10,305,000 $3,435,000 $0 0.00%

    2024 saw First Bank Of Owasso place emphasis on $100k-200k loans with 29 originations, totaling $4,205,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 6 $1,170,000 $195,000 $0 0.00%
    $150k-250k 2 $750,000 $375,000 $0 0.00%
    $50k-75k 2 $490,000 $245,000 $0 0.00%
    $75k-100k 2 $150,000 $75,000 $0 0.00%
    $250k+ 1 $185,000 $185,000 $0 0.00%

    First Bank Of Owasso lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $150k-250k, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 63 $22,475,000 $356,746 $0 0.00%

    First Bank Of Owasso lent most frequently to those with DTI ratios of Exempt%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 50 $19,730,000 $394,600 $0 0.00%
    White 10 $2,330,000 $233,000 $0 0.00%
    American Indian 1 $225,000 $225,000 $0 0.00%
    Black 1 $95,000 $95,000 $0 0.00%
    Not provided 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.59%

    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 origination
    88.89%

    First Bank Of Owasso has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 63 $22,475,000 $356,746

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    63 $22,475,000 $356,746