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, 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.85% | 4/28/24 |
| 30 Year Conventional Refi | 6.91% | 4/28/24 |
| 30 Year Cash-out Refi | 6.85% | 4/28/24 |
| 30 Year FHA Purchase | 7.74% | 4/28/24 |
| 30 Year FHA Refi | 7.44% | 4/28/24 |
| 30 Year VA Purchase | 6.47% | 4/28/24 |
| 30 Year USDA Purchase | 7.21% | 4/28/24 |
| 15 Year Conventional Purchase | 6.46% | 4/28/24 |
| 15 Year Conventional Refi | 7.58% | 4/28/24 |
| 15 Year Cash-out Refi | 7.58% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,005Origination Dollar Volume (All Markets)
$251,015,000Awards
Great Plains National Bank - 2022
Great Plains National Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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 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
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
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
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
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
2022 saw Great Plains National Bank place emphasis on $200k-400k loans with 365 originations, totaling $101,695,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications94.78%
Great Plains National Bank has an average approval rate.
Pick Rate
Approvals leading to origination79.60%
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 |