First Bank Of Owasso Mortgage Rates, Fees & Info

Owasso, OK

LEI: 549300X9F6RDCRU0HK78

Tax ID: 73-0789371

Latest/2023 | 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
  • Complaints
  • 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 two markets are Tulsa and Bartlesville .

    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

    95

    Origination Dollar Volume (All Markets)

    $13,515,000

    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) 91 $13,325,000 $146,429 $0 0.00%
    Outside of Metro Areas 2 $100,000 $50,000 $0 0.00%
    Bartlesville, OK (FHA|USDA|VA) 2 $90,000 $45,000 $0 0.00%
    First Bank Of Owasso's top markets include Tulsa and Bartlesville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 95 $13,515,000 $142,263 $0 0.00%

    For 2019, First Bank Of Owasso's most frequently originated type of loan was Conventional, with 95 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 66 $9,320,000 $141,212 $0 0.00%
    Refi 14 $2,250,000 $160,714 $0 0.00%
    Home Improvement 13 $1,795,000 $138,077 $0 0.00%
    Other 2 $150,000 $75,000 $0 0.00%

    For 2019, First Bank Of Owasso's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 95 $13,515,000 $142,263 $0 0.00%

    For 2019, First Bank Of Owasso's most frequently cited loan duration was Other, with 95 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 57 $3,445,000 $60,439 $0 0.00%
    $100k-200k 23 $2,995,000 $130,217 $0 0.00%
    $200k-400k 8 $2,210,000 $276,250 $0 0.00%
    $400k-600k 4 $1,750,000 $437,500 $0 0.00%
    $1MM+ 2 $2,420,000 $1,210,000 $0 0.00%
    $600k-1MM 1 $695,000 $695,000 $0 0.00%

    2019 saw First Bank Of Owasso place emphasis on $100,000 or less loans with 57 originations, totaling $3,445,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 9 $605,000 $67,222 $0 0.00%
    $50k-75k 7 $395,000 $56,429 $0 0.00%
    $75k-100k 5 $415,000 $83,000 $0 0.00%
    $250k+ 4 $650,000 $162,500 $0 0.00%
    $150k-250k 3 $285,000 $95,000 $0 0.00%
    $50k or less 2 $130,000 $65,000 $0 0.00%

    First Bank Of Owasso lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $50k-75k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 95 $13,515,000 $142,263 $0 0.00%

    First Bank Of Owasso lent most frequently to those with DTI ratios of Exempt%, with 95 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 64 $11,000,000 $171,875 $0 0.00%
    White 28 $2,360,000 $84,286 $0 0.00%
    Black 2 $90,000 $45,000 $0 0.00%
    American Indian 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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
    89.47%

    First Bank Of Owasso has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 95 $13,515,000 $142,263

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $5,380,000 $538,000
    Single Family (1-4 Units):Manufactured 4 $180,000 $45,000
    Single Family (1-4 Units):Site-Built 81 $7,955,000 $98,210

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Closing on a mortgage 2 33.3%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 1 16.7%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 3 50.0%