Oklahoma Federal Credit Union Mortgage Rates, Fees & Info

Oklahoma City, OK

LEI: 984500A1A8A91F8C4M93

Tax ID: 73-6094636

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Oklahoma Federal Credit Union is a smaller credit union specializing in Refi loans. Oklahoma Federal Credit Union has a high proportion of conventional loans.

    Oklahoma Federal Credit Union has an above average approval rate when compared to the average across all 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.

    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
    15 Year Conventional Refi 6.00% 4/5/25
    15 Year Cash-out Refi 6.00% 4/5/25
    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.

    Oklahoma Federal Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Oklahoma Federal Credit Union. 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

    29

    Origination Dollar Volume (All Markets)

    $4,645,000

    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
    Outside of Metro Areas 29 $4,645,000 $160,172 $501 7.73%
    Oklahoma Federal Credit Union's top markets include

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 29 $4,645,000 $160,172 $501 7.73%

    For 2024, Oklahoma Federal Credit Union's most frequently originated type of loan was Conventional, with 29 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 24 $4,000,000 $166,667 $393 7.73%
    Home Purchase 5 $645,000 $129,000 $1,017 7.73%

    For 2024, Oklahoma Federal Credit Union's most frequently cited loan purpose was Refi, with 24 originations. The 2nd most popular reason was Home Purchase, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 18 $3,660,000 $203,333 $535 7.51%
    15 Year 5 $585,000 $117,000 $326 8.57%
    10 Year 4 $280,000 $70,000 $673 8.27%
    5 Year 2 $120,000 $60,000 $285 6.50%

    For 2024, Oklahoma Federal Credit Union's most frequently cited loan duration was Other, with 18 originations. The 2nd most popular length was 15 Year, with 5 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 19 $3,235,000 $170,263
    Over 8% 7 $685,000 $97,857
    6-7% 3 $725,000 $241,667

    During 2024, Oklahoma Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 13 $835,000 $64,231 $524 7.68%
    $100k-200k 9 $1,225,000 $136,111 $407 8.09%
    $200k-400k 5 $1,355,000 $271,000 $537 7.50%
    $600k-1MM 2 $1,230,000 $615,000 $679 7.02%

    2024 saw Oklahoma Federal Credit Union place emphasis on $100,000 or less loans with 13 originations, totaling $835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $1,515,000 $116,538 $611 7.97%
    $150k-250k 11 $2,695,000 $245,000 $385 7.46%
    $75k-100k 4 $350,000 $87,500 $494 7.71%
    $50k-75k 1 $85,000 $85,000 $369 7.67%

    Oklahoma Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $150k-250k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 12 $2,670,000 $222,500 $516 7.81%
    30-36% 8 $840,000 $105,000 $355 7.74%
    <20% 3 $435,000 $145,000 $370 8.02%
    36% 2 $350,000 $175,000 $841 7.34%
    43% 1 $85,000 $85,000 $369 7.67%
    38% 1 $45,000 $45,000 $369 6.50%
    40% 1 $185,000 $185,000 $373 7.50%
    42% 1 $35,000 $35,000 $1,585 8.12%

    Oklahoma Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 12 originations. The next most common DTI ratio? 30-36%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 29 $4,645,000 $160,172 $501 7.73%

    Approval Rates

    Total approvals of all applications
    100.00%

    Oklahoma Federal Credit Union 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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 29 $4,645,000 $160,172

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    29 $4,645,000 $160,172

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $1,145,000 $127,222 $345 8.22%
    40-60% 6 $760,000 $126,667 $354 7.78%
    60-80% 5 $1,185,000 $237,000 $857 7.45%
    80-100% 6 $1,370,000 $228,333 $707 7.54%
    Under 20% 3 $185,000 $61,667 $256 7.00%