Great Plains National Bank Mortgage Rates, Fees & Info
Elk City, OKLEI: 549300XKEC7P1D7OKJ16
Tax ID: 73-1500129
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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, Tulsa, and Enid among others. We have data for 47 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.85% | 11/17/24 |
| 30 Year Conventional Refi | 6.91% | 11/17/24 |
| 30 Year Cash-out Refi | 6.85% | 11/17/24 |
| 30 Year FHA Purchase | 7.74% | 11/17/24 |
| 30 Year FHA Refi | 7.44% | 11/17/24 |
| 30 Year VA Purchase | 6.47% | 11/17/24 |
| 30 Year USDA Purchase | 7.21% | 11/17/24 |
| 15 Year Conventional Purchase | 6.46% | 11/17/24 |
| 15 Year Conventional Refi | 7.58% | 11/17/24 |
| 15 Year Cash-out Refi | 7.58% | 11/17/24 |
| 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
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This is not an official calculator from Great Plains National Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,141Origination Dollar Volume (All Markets)
$311,625,000Awards
Great Plains National Bank - 2023
Great Plains National Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Great Plains National Bank's average 30 year fixed mortgage rate was
6.81%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.33%.
Relative Fees (Closing Costs)
Great Plains National Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,032.
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 $9,089.
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) | 638 | $165,740,000 | $259,781 | $6,302 | 7.08% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 79 | $59,275,000 | $750,316 | $12,752 | 7.42% |
| Outside of Metro Areas | 125 | $18,795,000 | $150,360 | $3,394 | 7.91% |
| Stillwater, OK (FHA|USDA|VA) | 69 | $15,285,000 | $221,522 | $5,310 | 7.02% |
| TULSA, OK (FHA|USDA|VA) | 36 | $8,960,000 | $248,889 | $5,144 | 7.33% |
| ENID, OK (FHA|USDA|VA) | 29 | $7,655,000 | $263,966 | $6,088 | 7.24% |
| McAlester, OK (FHA|USDA|VA) | 7 | $5,085,000 | $726,429 | $4,687 | 7.72% |
| Woodward, OK (FHA|USDA|VA) | 28 | $4,070,000 | $145,357 | $7,910 | 7.67% |
| Elk City, OK (FHA|USDA|VA) | 36 | $3,980,000 | $110,556 | $3,286 | 8.78% |
| Weatherford, OK (FHA|USDA|VA) | 13 | $3,155,000 | $242,692 | $5,041 | 7.93% |
| Shawnee, OK (FHA|USDA|VA) | 11 | $2,285,000 | $207,727 | $6,945 | 7.07% |
| Durant, OK (FHA|USDA|VA) | 11 | $2,095,000 | $190,455 | $0 | 6.81% |
| Tahlequah, OK (FHA|USDA|VA) | 9 | $1,575,000 | $175,000 | $4,717 | 6.65% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $1,330,000 | $665,000 | $9,002 | 6.19% |
| LAWTON, OK (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $5,704 | 6.93% |
| Ponca City, OK (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $6,600 | 6.73% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $0 | 7.00% |
| Duncan, OK (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $0 | 7.21% |
| Altus, OK (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 8.44% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $7,389 | 8.19% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 6.63% |
| Ada, OK (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 6.88% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 7.25% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 6.75% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 6.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 7.00% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 7.38% |
| Montrose, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $6,130 | 6.13% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 7.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 6.00% |
| Muskogee, OK (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 6.38% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 6.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,259 | 5.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,774 | 7.50% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 7.63% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 6.63% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 7.38% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 7.63% |
| Gillette, WY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,433 | 6.50% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 7.00% |
| Athens, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.38% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,560 | 6.50% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.00% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,163 | 6.38% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.13% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,425 | 9.75% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.25% |
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.
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Product Mix
For 2023, Great Plains National Bank's most frequently originated type of loan was Conventional, with 707 originations. Their 2nd most popular type was FHA, with 299 originations.
Loan Reason
For 2023, Great Plains National Bank's most frequently cited loan purpose was Home Purchase, with 1,008 originations. The 2nd most popular reason was Refi, with 72 originations.
Loan Duration/Length
For 2023, Great Plains National Bank's most frequently cited loan duration was 30 Year, with 909 originations. The 2nd most popular length was 15 Year, with 61 originations.
Origination Fees/Closing Costs
Great Plains National Bank's average total fees were $7,032, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 416 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 485 | $121,745,000 | $251,021 |
| 7-8% | 298 | $91,530,000 | $307,148 |
| Over 8% | 234 | $62,430,000 | $266,795 |
| 5-6% | 117 | $33,355,000 | $285,085 |
| 4-5% | 7 | $2,565,000 | $366,429 |
During 2023, Great Plains National Bank's average interest rate for loans was 6.81%, while their most frequently originated rate bucket for loans was 6-7%, with 485 originations.
Loan Sizing
2023 saw Great Plains National Bank place emphasis on $200k-400k loans with 486 originations, totaling $135,990,000 in origination value.
Applicant Income
Great Plains National Bank lent most frequently to those with incomes in the $50k or less range, with 862 originations. The second most popular income band? $50k-75k, with 54 originations.
Applicant Debt to Income Ratio
Great Plains National Bank lent most frequently to those with DTI ratios of 30-36%, with 178 originations. The next most common DTI ratio? 20-30%, with 150 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.05%
Great Plains National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination77.39%
Great Plains National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,141 | $311,625,000 | $273,116 |