Great Plains National Bank Mortgage Rates, Fees & Info

Elk City, OK

LEI: 549300XKEC7P1D7OKJ16

Tax ID: 73-1500129

3 stars - Updated: 2/25/24 - out of 5 stars, based on 32 reviews

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

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Mortgage Data

Review & Overview

Great Plains National Bank is a smaller bank specializing in Home Purchase loans. Great Plains National Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Oklahoma City, Dallas, Stillwater, Elk City, and Tulsa among others. We have data for 44 markets. (Some data included below & more in-depth data is available with an active subscription.)

Great Plains National Bank 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. Great Plains National Bank is typically an average 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 relatively high 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 6.85% 2/25/24
30 Year Conventional Refi 6.91% 2/25/24
30 Year Cash-out Refi 6.85% 2/25/24
30 Year FHA Purchase 7.74% 2/25/24
30 Year FHA Refi 7.44% 2/25/24
30 Year VA Purchase 6.47% 2/25/24
30 Year USDA Purchase 7.21% 2/25/24
15 Year Conventional Purchase 6.46% 2/25/24
15 Year Conventional Refi 7.58% 2/25/24
15 Year Cash-out Refi 7.58% 2/25/24
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.

Great Plains National Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Great Plains National Bank. 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

1,005

Origination Dollar Volume (All Markets)

$251,015,000

Awards

Great Plains National Bank 30 Year Conventional Loans gold Great Plains National Bank 30 Year Conventional Loans silver Great Plains National Bank 30 Year Conventional Loans silver Great Plains National Bank FHA Loans silver
Show all (4) awards

Relative Rate

Great Plains National Bank's average 30 year fixed mortgage rate was 5.4%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.64%.

Relative Fees (Closing Costs)

Great Plains National Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $6,612.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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) 509 $126,505,000 $248,536 $6,297 5.43%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 91 $49,975,000 $549,176 $8,593 5.31%
Outside of Metro Areas 104 $13,660,000 $131,346 $4,795 5.91%
Stillwater, OK (FHA|USDA|VA) 49 $10,325,000 $210,714 $6,870 5.85%
Elk City, OK (FHA|USDA|VA) 67 $8,355,000 $124,701 $3,792 6.28%
TULSA, OK (FHA|USDA|VA) 29 $7,725,000 $266,379 $6,791 5.12%
Woodward, OK (FHA|USDA|VA) 52 $6,420,000 $123,462 $4,626 5.45%
ENID, OK (FHA|USDA|VA) 23 $4,795,000 $208,478 $4,939 5.23%
McAlester, OK (FHA|USDA|VA) 3 $2,295,000 $765,000 $20,623 6.58%
Weatherford, OK (FHA|USDA|VA) 12 $2,080,000 $173,333 $5,671 5.86%
Shawnee, OK (FHA|USDA|VA) 8 $1,890,000 $236,250 $7,650 5.94%
Corsicana, TX (FHA|USDA|VA) 1 $1,515,000 $1,515,000 $0 5.75%
Ponca City, OK (FHA|USDA|VA) 2 $1,360,000 $680,000 $5,042 6.06%
LAWTON, OK (FHA|USDA|VA) 5 $1,205,000 $241,000 $5,548 5.20%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $6,565 4.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $1,035,000 $345,000 $8,742 6.58%
SHERMAN-DENISON, TX (FHA|USDA|VA) 4 $960,000 $240,000 $3,185 6.69%
Ardmore, OK (FHA|USDA|VA) 4 $790,000 $197,500 $4,074 4.09%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $755,000 $755,000 $0 8.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $695,000 $695,000 $6,348 6.13%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $645,000 $645,000 $10,627 5.88%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $595,000 $595,000 $0 5.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $565,000 $565,000 $8,258 7.75%
MIDLAND, TX (FHA|USDA|VA) 1 $495,000 $495,000 $9,945 5.88%
Tahlequah, OK (FHA|USDA|VA) 3 $485,000 $161,667 $7,285 5.88%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $485,000 $485,000 $0 5.38%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $465,000 $465,000 $2,524 6.25%
FORT SMITH, AR-OK (FHA|USDA|VA) 3 $415,000 $138,333 $5,057 5.29%
Altus, OK (FHA|USDA|VA) 8 $410,000 $51,250 $5,121 6.33%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $385,000 $385,000 $6,442 4.25%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $305,000 $305,000 $12,337 5.63%
Muskogee, OK (FHA|USDA|VA) 2 $290,000 $145,000 $7,711 4.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,656 4.75%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $275,000 $275,000 $8,888 4.50%
Statesboro, GA (FHA|USDA|VA) 1 $235,000 $235,000 $3,823 6.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $235,000 $235,000 $13,427 5.13%
AMES, IA (FHA|USDA|VA) 1 $185,000 $185,000 $2,254 6.63%
LUBBOCK, TX (FHA|USDA|VA) 1 $185,000 $185,000 $3,948 5.00%
TYLER, TX (FHA|USDA|VA) 1 $185,000 $185,000 $4,732 4.50%
Athens, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,213 5.13%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $135,000 $135,000 $3,752 5.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $85,000 $85,000 $6,260 4.88%
Ruidoso, NM (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.75%
Duncan, OK (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.75%
Great Plains National Bank's top markets include Oklahoma City, Dallas, Stillwater, Elk City, and Tulsa among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

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

    First Oklahoma Mortgage, LLC
    Similarity Rank: 108
    RED CROWN
    Similarity Rank: 240
    TRUE SKY
    Similarity Rank: 330
    WEOKIE
    Similarity Rank: 528
    OKLAHOMA CENTRAL Credit Union
    Similarity Rank: 720
    OKLAHOMA'S
    Similarity Rank: 776
    CWM PARTNERS, L.P.
    Similarity Rank: 791
    ALLEGIANCE
    Similarity Rank: 803

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 759 $197,525,000 $260,244 $5,403 5.59%
    FHA 144 $29,450,000 $204,514 $8,499 5.62%
    VA 72 $20,620,000 $286,389 $8,134 5.15%
    USDA 30 $3,420,000 $114,000 $5,277 5.66%

    For 2022, Great Plains National Bank's most frequently originated type of loan was Conventional, with 759 originations. Their 2nd most popular type was FHA, with 144 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 818 $211,810,000 $258,936 $6,506 5.52%
    Refi 100 $24,260,000 $242,600 $4,010 6.20%
    Cash Out Refi 53 $11,495,000 $216,887 $5,827 4.53%
    Home Improvement 24 $2,810,000 $117,083 $3,179 6.23%
    Other 10 $640,000 $64,000 $1,322 6.48%

    For 2022, Great Plains National Bank's most frequently cited loan purpose was Home Purchase, with 818 originations. The 2nd most popular reason was Refi, with 100 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 706 $178,190,000 $252,394 $6,612 5.40%
    15 Year 104 $18,460,000 $177,500 $4,667 5.21%
    Other 62 $15,420,000 $248,710 $2,790 6.37%
    20 Year 57 $11,415,000 $200,263 $2,805 6.35%
    5 Year 29 $18,245,000 $629,138 $1,291 6.34%
    1 Year 27 $5,785,000 $214,259 $5,362 6.19%
    10 Year 16 $2,960,000 $185,000 $2,597 6.49%
    3 Year 4 $540,000 $135,000 $0 6.50%

    For 2022, Great Plains National Bank's most frequently cited loan duration was 30 Year, with 706 originations. The 2nd most popular length was 15 Year, with 104 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 394 $86,900,000 $220,558
    $<1k 95 $19,745,000 $207,842
    $2k-3k 94 $22,420,000 $238,511
    $5k+ 92 $33,160,000 $360,435
    $3k-4k 74 $23,220,000 $313,784
    $4k-5k 51 $14,915,000 $292,451

    Great Plains National Bank's average total fees were $6,612, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 394 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 341 $85,355,000 $250,308
    6-7% 220 $48,500,000 $220,455
    4-5% 212 $59,940,000 $282,736
    3-4% 117 $33,595,000 $287,137
    7-8% 89 $19,395,000 $217,921
    Over 8% 18 $2,110,000 $117,222
    2.5-3% 6 $1,610,000 $268,333
    <2.5% 2 $510,000 $255,000

    During 2022, Great Plains National Bank's average interest rate for loans was 5.40%, while their most frequently originated rate bucket for loans was 5-6%, with 341 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 365 $101,695,000 $278,616 $6,975 5.46%
    $100k-200k 324 $48,980,000 $151,173 $5,093 5.56%
    $100,000 or less 179 $10,955,000 $61,201 $3,510 6.05%
    $400k-600k 95 $45,465,000 $478,579 $8,569 5.15%
    $600k-1MM 29 $19,135,000 $659,828 $9,906 5.39%
    $1MM+ 13 $24,785,000 $1,906,538 $9,294 5.42%

    2022 saw Great Plains National Bank place emphasis on $200k-400k loans with 365 originations, totaling $101,695,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 259 $38,835,000 $149,942 $4,198 5.84%
    $100k-150k 183 $55,685,000 $304,290 $7,305 5.36%
    $50k-75k 178 $34,160,000 $191,910 $5,917 5.30%
    $75k-100k 134 $30,550,000 $227,985 $6,341 5.26%
    $150k-250k 100 $36,520,000 $365,200 $7,558 5.44%
    $250k+ 34 $17,260,000 $507,647 $9,761 5.37%

    Great Plains National Bank lent most frequently to those with incomes in the $50k or less range, with 259 originations. The second most popular income band? $100k-150k, with 183 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 154 $34,850,000 $226,299 $5,666 5.43%
    20-30% 148 $33,190,000 $224,257 $5,334 5.35%
    <20% 67 $12,775,000 $190,672 $4,706 5.33%
    39% 43 $9,905,000 $230,349 $6,137 5.59%
    42% 41 $9,985,000 $243,537 $5,939 5.48%
    50-60% 40 $12,310,000 $307,750 $9,515 5.37%
    37% 39 $9,485,000 $243,205 $6,557 5.89%
    49% 37 $11,195,000 $302,568 $7,042 5.34%
    44% 37 $9,735,000 $263,108 $6,808 5.30%
    48% 33 $8,035,000 $243,485 $6,368 5.28%
    38% 31 $7,785,000 $251,129 $5,646 5.52%
    43% 30 $7,760,000 $258,667 $5,750 5.46%
    41% 29 $9,585,000 $330,517 $7,773 5.31%
    45% 26 $6,830,000 $262,692 $7,618 5.41%
    36% 26 $6,510,000 $250,385 $6,281 5.56%
    47% 26 $7,510,000 $288,846 $8,550 5.56%
    40% 25 $6,255,000 $250,200 $5,639 5.67%
    46% 20 $4,770,000 $238,500 $5,347 5.48%
    >60% 5 $935,000 $187,000 $11,183 5.25%

    Great Plains National Bank lent most frequently to those with DTI ratios of 30-36%, with 154 originations. The next most common DTI ratio? 20-30%, with 148 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 671 $155,155,000 $231,230 $6,145 5.51%
    Not applicable 112 $37,220,000 $332,321 $6,937 6.22%
    Not provided 86 $23,040,000 $267,907 $6,195 5.29%
    Black 44 $12,280,000 $279,091 $6,833 5.34%
    Asian 42 $12,110,000 $288,333 $6,018 5.36%
    American Indian 46 $10,190,000 $221,522 $6,387 5.65%
    Native Hawaiian or Islander 3 $655,000 $218,333 $8,398 5.42%
    Asian Indian 1 $365,000 $365,000 $4,809 6.90%

    Approval Rates

    Total approvals of all applications
    94.78%

    Great Plains National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.60%

    Great Plains National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,005 $251,015,000 $249,766

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,005 $251,015,000 $249,766

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 44 $9,290,000 $211,136 $3,904 6.11%
    40-60% 78 $20,620,000 $264,359 $5,704 5.55%
    60-80% 273 $76,355,000 $279,689 $6,081 5.60%
    80-100% 568 $137,730,000 $242,482 $6,334 5.48%
    Over 100% 19 $5,145,000 $270,789 $12,607 5.41%
    Under 20% 22 $1,770,000 $80,455 $1,188 6.47%