Ada Mortgage Rates & Closing Costs

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  • Trends
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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Ada averaged 6.85% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

    The average rate for the prior week (2023-09-07) was 6.69% and one month ago for the week of 2023-08-10, the average rate was 6.43%.

    Ada's average rate one year ago was 5.56%.

    For refis of the same type during the week of 2023-09-14, the average rate was 7.58%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-14 7.18%
    Ada 30 Year Fixed Rate 2023-09-14 6.85%
    Ada 30 Year Fixed Rate Refi 2023-09-14 7.58%
    Ada 15 Year Fixed Rate 2023-09-14 6.31%
    Ada 15 Year Fixed Rate Refi 2023-09-14 6.71%
    Ada 30 Year FHA 2023-09-14 6.37%
    Ada 30 Year FHA Refi 2023-09-14 7.19%
    Ada 30 Year USDA 2023-09-14 6.78%
    Ada 30 Year USDA Refi 2023-09-14 6.78%
    Ada 30 Year VA 2023-09-14 6.91%
    Ada 30 Year VA Refi 2023-09-14 6.81%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Ada, OK.

    Ada Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Ada, OK market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Vision Bank 60 4.65% $3,292
    Gateway First Bank 45 5.25% $4,197
    First United Bank and Trust Company 35 5.36% $4,412
    UNION HOME MORTGAGE CORP. 10 5.00% $6,123
    QUICKEN LOANS, LLC 10 4.69% $6,192
    Mr. Cooper ( Nationstar Mortgage ) 4 4.34% $11,346
    Chickasaw Community Bank 4 5.06% $5,969
    COMMUNICATION 4 5.00% $1,616
    Simmons Bank 3 5.83% $2,508
    Tinker Federal Credit Union 3 5.04% $3,316
    Bank of the West 3 3.50% $4,045
    FLAT BRANCH MORTGAGE, INC. 2 5.31% $4,246
    First Guaranty Mortgage Corporation 2 4.31% $7,295
    AMERISAVE MORTGAGE CORPORATION 2 3.00% $5,309
    CALIBER HOME LOANS, INC. 2 4.73% $9,002
    CORNERSTONE HOME LENDING, INC. 2 6.00% $3,255
    AMERICAN FINANCING CORPORATION 2 3.69% $7,129
    Mortgage Research Center, LLC 2 5.25% $4,692
    Wells Fargo Bank 2 4.88% $4,171
    RUOFF MORTGAGE COMPANY, INC. 2 6.13% $3,297
    Ally Bank 2 4.19% $1,962
    NAVY FEDERAL CREDIT UNION 1 4.13% $2,347
    Neighborhood Loans, Inc. 1 6.63% $8,634
    Oklahoma Educators Credit Union 1 4.25% $4,138
    PNC Bank 1 3.63% $3,445
    SOVEREIGN LENDING GROUP INCORPORATED 1 3.00% $4,704
    The Huntington National Bank 1 5.08% $9,965
    TTCU Federal Credit Union 1 6.00% $4,136
    USAA Federal Savings Bank 1 5.13% $4,651
    WEOKIE 1 2.75% $3,364
    21ST MORTGAGE CORPORATION 1 7.50% $5,293
    Wyndham Capital Mortgage, Inc. 1 4.50% $3,523
    AmeriHome Mortgage Company, LLC 1 3.25% $3,318
    ANGEL OAK MORTGAGE SOLUTIONS LLC 1 9.38% $8,800
    Arvest Bank 1 3.38% $5,923
    ASSOCIATED MORTGAGE CORPORATION 1 5.63% $6,397
    BancFirst 1 4.38% $2,793
    BancorpSouth 1 4.38% $3,807
    BETTER MORTGAGE CORPORATION 1 7.13% $3,273
    BOKF 1 5.88% $3,856
    CARDINAL FINANCIAL 1 5.38% $7,659
    CHURCHILL MORTGAGE CORPORATION 1 3.50% $3,902
    Cincinnati Federal 1 3.50% $3,000
    City Bank 1 3.50% $4,424
    FBC MORTGAGE, LLC 1 5.75% $15,037
    First Internet Bank of Indiana 1 6.00% $2,818
    FREEDOM MORTGAGE CORPORATION 1 4.25% $10,147
    GUILD MORTGAGE COMPANY 1 3.38% $4,522
    HIGHLAND HOMELOANS, LLC 1 5.63% $5,052
    Hometown Lenders, Inc. 1 4.25% $3,837
    LOANDEPOT.COM, LLC 1 4.50% $6,467
    MOVEMENT MORTGAGE, LLC 1 3.25% $3,270

    Ada Average Closing Costs & Other Stats

    Ada, OK's 52 lenders originated 691 loans during 2022. The total origination value was $118,525,000, with an average loan value of $171,527.

    Ada's average closing costs are $4,241.

    The top Ada lender as defined by loan originations is Vision Bank, with 60 loans originated. Their average total fees are $3,292, which is $904 lower than the next largest lender, Gateway First Bank.

    The lowest fee Ada lenders (with over 10 loans originated) are Vision Bank ($3,292), Gateway First Bank ($4,197), First United Bank and Trust Company ($4,412), UNION HOME MORTGAGE CORP. ($6,123) and QUICKEN LOANS, LLC ($6,192).

    The lowest rate Ada lenders (with over 10 loans originated) are Vision Bank (4.65%), QUICKEN LOANS, LLC (4.69%), UNION HOME MORTGAGE CORP. (5.00%), Gateway First Bank (5.25%) and First United Bank and Trust Company (5.36%).

    Ada, OK Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Vision Bank $37,265,000 $23,840,000 -36.0% 20.1%
    Gateway First Bank $29,255,000 $18,965,000 -35.2% 16.0%
    First United Bank and Trust Company $34,465,000 $18,820,000 -45.4% 15.9%
    Chickasaw Community Bank $7,885,000 $6,580,000 -16.6% 5.6%
    QUICKEN LOANS, LLC $10,150,000 $6,195,000 -39.0% 5.2%
    UNION HOME MORTGAGE CORP. $2,550,000 $2,960,000 16.1% 2.5%
    Mortgage Research Center, LLC $2,665,000 $2,660,000 -0.2% 2.2%
    Simmons Bank $1,205,000 $2,480,000 105.8% 2.1%
    Mr. Cooper ( Nationstar Mortgage ) $1,445,000 $1,775,000 22.8% 1.5%
    LOANDEPOT.COM, LLC $2,320,000 $1,540,000 -33.6% 1.3%
    21ST MORTGAGE CORPORATION $830,000 $1,380,000 66.3% 1.2%
    MID AMERICA MORTGAGE, INC. $1,140,000 $1,280,000 12.3% 1.1%
    Bank of the West $765,000 $1,275,000 66.7% 1.1%
    GUILD MORTGAGE COMPANY $1,210,000 $1,215,000 0.4% 1.0%
    PENNYMAC LOAN SERVICES, LLC $1,145,000 $1,195,000 4.4% 1.0%
    BancFirst $1,360,000 $1,185,000 -12.9% 1.0%
    AMERISAVE MORTGAGE CORPORATION $475,000 $1,120,000 135.8% 0.9%
    FREEDOM MORTGAGE CORPORATION $1,815,000 $1,100,000 -39.4% 0.9%
    COMMUNICATION $155,000 $1,070,000 590.3% 0.9%
    CORNERSTONE HOME LENDING, INC. $385,000 $1,000,000 159.7% 0.8%
    CALIBER HOME LOANS, INC. $885,000 $940,000 6.2% 0.8%
    Tinker Federal Credit Union $815,000 $875,000 7.4% 0.7%
    Stride Bank $810,000 n/a 0.7%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $740,000 n/a 0.6%
    AMERICAN FINANCING CORPORATION $255,000 $710,000 178.4% 0.6%
    TTCU Federal Credit Union $335,000 $695,000 107.5% 0.6%
    UNITED WHOLESALE MORTGAGE, LLC $605,000 $680,000 12.4% 0.6%
    NEW DAY FINANCIAL, LLC $1,025,000 $615,000 -40.0% 0.5%
    First Guaranty Mortgage Corporation $535,000 $605,000 13.1% 0.5%
    CASTLE & COOKE MORTGAGE, LLC $540,000 n/a 0.5%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $255,000 $495,000 94.1% 0.4%
    HIGHLAND HOMELOANS, LLC $495,000 n/a 0.4%
    Neighborhood Loans, Inc. $370,000 $480,000 29.7% 0.4%
    SOUTHWEST STAGE FUNDING, LLC $225,000 $475,000 111.1% 0.4%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $800,000 $470,000 -41.3% 0.4%
    Wells Fargo Bank $510,000 $440,000 -13.7% 0.4%
    FLAT BRANCH MORTGAGE, INC. $555,000 $425,000 -23.4% 0.4%
    FBC MORTGAGE, LLC $95,000 $405,000 326.3% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $350,000 $400,000 14.3% 0.3%
    City Bank $375,000 n/a 0.3%
    Flagstar Bank, FSB $75,000 $375,000 400.0% 0.3%
    FINANCIAL CONCEPTS MORTGAGE, LLC $360,000 n/a 0.3%
    U.S. Bank $400,000 $360,000 -10.0% 0.3%
    USAA Federal Savings Bank $1,035,000 $355,000 -65.7% 0.3%
    VILLAGE CAPITAL MORTGAGE $405,000 $340,000 -16.0% 0.3%
    The Huntington National Bank $335,000 n/a 0.3%
    BETTER MORTGAGE CORPORATION $185,000 $315,000 70.3% 0.3%
    BancorpSouth Bank $305,000 n/a 0.3%
    RUOFF MORTGAGE COMPANY, INC. $300,000 n/a 0.3%
    Arvest Bank $2,110,000 $290,000 -86.3% 0.2%
    United Fidelity Funding Corp. $360,000 $285,000 -20.8% 0.2%
    Ally Bank $260,000 n/a 0.2%
    TRIAD FINANCIAL SERVICES, INC. $260,000 n/a 0.2%
    PNC Bank $400,000 $250,000 -37.5% 0.2%
    MOVEMENT MORTGAGE, LLC $245,000 n/a 0.2%
    NAVY FEDERAL CREDIT UNION $605,000 $240,000 -60.3% 0.2%
    SWBC MORTGAGE CORPORATION $235,000 n/a 0.2%
    WEOKIE $195,000 $235,000 20.5% 0.2%
    ALLEGIANCE $225,000 n/a 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $620,000 $225,000 -63.7% 0.2%
    SOVEREIGN LENDING GROUP INCORPORATED $215,000 n/a 0.2%
    ASSOCIATED MORTGAGE CORPORATION $1,190,000 $205,000 -82.8% 0.2%
    Hometown Lenders, Inc. $205,000 $205,000 0.0% 0.2%
    UNITED BUILT HOMES, L.L.C. $205,000 n/a 0.2%
    Cincinnati Federal $195,000 n/a 0.2%
    AmeriHome Mortgage Company, LLC $205,000 $175,000 -14.6% 0.1%
    BROKER SOLUTIONS, INC. $155,000 $155,000 0.0% 0.1%
    Truist $280,000 $155,000 -44.6% 0.1%
    WILLOW BEND MORTGAGE COMPANY, LLC $155,000 n/a 0.1%
    First Internet Bank of Indiana $145,000 n/a 0.1%
    Bank of America $535,000 $135,000 -74.8% 0.1%
    GENEVA FINANCIAL, LLC $135,000 n/a 0.1%
    GUARANTEED RATE, INC. $135,000 n/a 0.1%
    Mortgage Investment Services Corporation $415,000 $135,000 -67.5% 0.1%
    CHURCHILL MORTGAGE CORPORATION $125,000 n/a 0.1%
    BOKF $145,000 $115,000 -20.7% 0.1%
    MidFirst Bank $330,000 $115,000 -65.2% 0.1%
    Oklahoma Educators Credit Union $75,000 $105,000 40.0% 0.1%
    LOANPAL, LLC $255,000 $95,000 -62.7% 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $85,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $330,000 $85,000 -74.2% 0.1%
    Broadway National Bank $75,000 n/a 0.1%
    JPMorgan Chase Bank $555,000 $65,000 -88.3% 0.1%
    Wyndham Capital Mortgage, Inc. $480,000 $65,000 -86.5% 0.1%
    AMERICAN ADVISORS GROUP $55,000 n/a 0.0%
    COUNTRYPLACE MORTGAGE, LTD. $125,000 $55,000 -56.0% 0.0%
    First Bank & Trust Co. $155,000 $35,000 -77.4% 0.0%

    Ada's top lender by overall market share is Vision Bank, with 20.1% market share. In second place, with 16.0%, is Gateway First Bank, having originated $18,965,000 in loans. In third place, with 15.9%, is First United Bank and Trust Company, having originated $18,820,000 in loans. In fourth place, with 5.6%, is Chickasaw Community Bank, having originated $6,580,000 in loans. In fifth place, with 5.2%, is QUICKEN LOANS, LLC, having originated $6,195,000 in loans.

    Ada Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Ada (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $158,900 (10.7%) $203,975 (9.5%) 0.00 146
    2018-02-01 $151,000 (10.5%) $201,861 (18.6%) 0.00 141
    2018-03-01 $154,500 (5.0%) $199,552 (16.0%) 0.00 150
    2018-04-01 $152,450 (-1.7%) $196,581 (10.5%) 0.00 163
    2018-05-01 $152,425 (-3.1%) $187,886 (3.6%) 0.00 169
    2018-06-01 $152,250 (-8.4%) $184,399 (-1.9%) 0.00 180
    2018-07-01 $154,750 (-0.1%) $184,858 (0.4%) 0.00 201
    2018-08-01 $149,925 (0.0%) $178,449 (-3.3%) 0.00 211
    2018-09-01 $150,000 (1.4%) $178,672 (-4.0%) 0.00 211
    2018-10-01 $149,500 (-6.5%) $173,389 (-14.9%) 0.00 208
    2018-11-01 $144,825 (-6.6%) $168,608 (-14.8%) 0.00 194
    2018-12-01 $144,900 (-6.5%) $170,361 (-16.8%) 0.00 166
    2019-01-01 $142,200 (-10.5%) $171,727 (-15.8%) 0.00 150
    2019-02-01 $136,650 (-9.5%) $175,502 (-13.1%) 0.00 133
    2019-03-01 $141,471 (-8.4%) $182,279 (-8.7%) 0.00 132
    2019-04-01 $149,450 (-2.0%) $192,885 (-1.9%) 0.00 139
    2019-05-01 $150,000 (-1.6%) $192,848 (2.6%) 0.00 148
    2019-06-01 $154,950 (1.8%) $199,214 (8.0%) 0.00 152
    2019-07-01 $169,000 (9.2%) $199,320 (7.8%) 0.00 160
    2019-08-01 $161,382 (7.6%) $192,658 (8.0%) 0.00 155
    2019-09-01 $156,105 (4.1%) $186,407 (4.3%) 0.00 147
    2019-10-01 $152,586 (2.1%) $181,873 (4.9%) 0.00 140
    2019-11-01 $157,500 (8.8%) $181,011 (7.4%) 0.00 136
    2019-12-01 $138,150 (-4.7%) $168,453 (-1.1%) 0.00 143
    2020-01-01 $133,975 (-5.8%) $168,585 (-1.8%) 0.00 140
    2020-02-01 $129,500 (-5.2%) $168,129 (-4.2%) 0.00 134
    2020-03-01 $115,475 (-18.4%) $147,165 (-19.3%) 0.00 137
    2020-04-01 $124,125 (-17.0%) $154,464 (-19.9%) 0.00 133
    2020-05-01 $120,000 (-20.0%) $155,903 (-19.2%) 0.00 98
    2020-06-01 $118,750 (-23.4%) $146,475 (-26.5%) 0.00 108
    2020-07-01 $99,675 (-41.0%) $146,421 (-26.5%) 0.00 108
    2020-08-01 $109,900 (-31.9%) $145,684 (-24.4%) 0.00 100
    2020-09-01 $113,250 (-27.5%) $151,053 (-19.0%) 0.00 92
    2020-10-01 $114,500 (-25.0%) $160,456 (-11.8%) 0.00 103
    2020-11-01 $107,000 (-32.1%) $156,799 (-13.4%) 0.00 100
    2020-12-01 $120,600 (-12.7%) $166,478 (-1.2%) 0.00 93
    2021-01-01 $109,900 (-18.0%) $163,146 (-3.2%) 0.00 79
    2021-02-01 $104,675 (-19.2%) $178,922 (6.4%) 0.00 69
    2021-03-01 $97,200 (-15.8%) $179,707 (22.1%) 0.00 55
    2021-04-01 $106,075 (-14.5%) $209,493 (35.6%) 0.00 45
    2021-05-01 $123,500 (2.9%) $200,982 (28.9%) 0.00 41
    2021-06-01 $157,175 (32.4%) $222,798 (52.1%) 0.00 51
    2021-07-01 $172,400 (73.0%) $238,274 (62.7%) 0.00 60
    2021-08-01 $189,875 (72.8%) $245,368 (68.4%) 0.00 79
    2021-09-01 $199,925 (76.5%) $256,499 (69.8%) 0.00 84
    2021-10-01 $215,000 (87.8%) $270,231 (68.4%) 0.00 75
    2021-11-01 $215,000 (100.9%) $279,046 (78.0%) 0.00 62
    2021-12-01 $232,000 (92.4%) $358,250 (115.2%) 0.00 57
    2022-01-01 $219,400 (99.6%) $371,947 (128.0%) 0.00 55
    2022-02-01 $194,823 (86.1%) $360,056 (101.2%) 0.00 50
    2022-03-01 $179,450 (84.6%) $357,106 (98.7%) 0.00 46
    2022-04-01 $240,000 (126.3%) $370,931 (77.1%) 0.00 53
    2022-05-01 $244,475 (98.0%) $395,362 (96.7%) 0.00 59
    2022-06-01 $244,500 (55.6%) $371,933 (66.9%) 0.00 64
    2022-07-01 $260,000 (50.8%) $351,431 (47.5%) 0.00 60
    2022-08-01 $247,250 (30.2%) $348,438 (42.0%) 0.00 66
    2022-09-01 $251,950 (26.0%) $330,415 (28.8%) 0.00 69
    2022-10-01 $234,950 (9.3%) $322,129 (19.2%) 0.00 74
    2022-11-01 $236,200 (9.9%) $327,475 (17.4%) 0.00 88
    2022-12-01 $246,500 (6.3%) $403,449 (12.6%) 0.00 88
    2023-01-01 $227,600 (3.7%) $362,904 (-2.4%) 0.00 87
    2023-02-01 $259,500 (33.2%) $308,875 (-14.2%) 0.00 71
    2023-03-01 $247,000 (37.6%) $283,473 (-20.6%) 0.00 68
    2023-04-01 $247,250 (3.0%) $350,045 (-5.6%) 0.00 70
    2023-05-01 $259,250 (6.0%) $367,748 (-7.0%) 0.00 82
    2023-06-01 $254,100 (3.9%) $369,878 (-0.6%) 0.00 80
    2023-07-01 $269,900 (3.8%) $392,444 (11.7%) 0.00 73
    2023-08-01 $209,250 (-15.4%) $335,288 (-3.8%) 0.00 91
    Ada's median listing price for 2023-08-01 was $209,250, a difference of $-38,000 (-15.4%) versus the prior year and $-60,650 versus the prior month.

    Ada's median listing price comes in at 0% of the national average.

    Ada's average listing price for 2023-08-01 was $335,288, a difference of $-13,150 (-3.8%) versus the prior year and $-57,156 versus the prior month.

    For the 2023-08-01 period, Ada had 91 MLS listings, a difference of 18 listings (25%) versus the prior month and 25 listings (38%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ada (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,745 sqft
    2018-02-01 0 days 1,660 sqft
    2018-03-01 0 days 1,669 sqft
    2018-04-01 0 days 1,708 sqft
    2018-05-01 0 days 1,724 sqft
    2018-06-01 0 days 1,757 sqft
    2018-07-01 0 days 1,823 sqft
    2018-08-01 0 days 1,795 sqft
    2018-09-01 0 days 1,795 sqft
    2018-10-01 0 days 1,763 sqft
    2018-11-01 0 days 1,774 sqft
    2018-12-01 0 days 1,809 sqft
    2019-01-01 0 days 1,791 sqft
    2019-02-01 0 days 1,804 sqft
    2019-03-01 0 days 1,819 sqft
    2019-04-01 0 days 1,832 sqft
    2019-05-01 0 days 1,819 sqft
    2019-06-01 0 days 1,826 sqft
    2019-07-01 0 days 1,868 sqft
    2019-08-01 0 days 1,827 sqft
    2019-09-01 0 days 1,764 sqft
    2019-10-01 0 days 1,716 sqft
    2019-11-01 0 days 1,773 sqft
    2019-12-01 0 days 1,706 sqft
    2020-01-01 0 days 1,697 sqft
    2020-02-01 0 days 1,702 sqft
    2020-03-01 0 days 1,620 sqft
    2020-04-01 0 days 1,651 sqft
    2020-05-01 0 days 1,584 sqft
    2020-06-01 0 days 1,523 sqft
    2020-07-01 0 days 1,530 sqft
    2020-08-01 0 days 1,520 sqft
    2020-09-01 0 days 1,558 sqft
    2020-10-01 0 days 1,504 sqft
    2020-11-01 0 days 1,462 sqft
    2020-12-01 0 days 1,635 sqft
    2021-01-01 0 days 1,388 sqft
    2021-02-01 0 days 1,436 sqft
    2021-03-01 0 days 1,419 sqft
    2021-04-01 0 days 1,328 sqft
    2021-05-01 0 days 1,554 sqft
    2021-06-01 0 days 1,670 sqft
    2021-07-01 0 days 1,669 sqft
    2021-08-01 0 days 1,751 sqft
    2021-09-01 0 days 1,769 sqft
    2021-10-01 0 days 1,773 sqft
    2021-11-01 0 days 1,789 sqft
    2021-12-01 0 days 1,873 sqft
    2022-01-01 0 days 1,754 sqft
    2022-02-01 0 days 1,610 sqft
    2022-03-01 0 days 1,661 sqft
    2022-04-01 0 days 1,839 sqft
    2022-05-01 0 days 1,980 sqft
    2022-06-01 0 days 1,916 sqft
    2022-07-01 0 days 1,792 sqft
    2022-08-01 0 days 1,914 sqft
    2022-09-01 0 days 1,914 sqft
    2022-10-01 0 days 1,828 sqft
    2022-11-01 0 days 1,854 sqft
    2022-12-01 0 days 1,848 sqft
    2023-01-01 0 days 1,806 sqft
    2023-02-01 0 days 1,905 sqft
    2023-03-01 0 days 1,850 sqft
    2023-04-01 0 days 1,847 sqft
    2023-05-01 0 days 1,986 sqft
    2023-06-01 0 days 1,916 sqft
    2023-07-01 0 days 2,050 sqft
    2023-08-01 0 days 1,883 sqft
    Ada's median listing age (time on market) for 2023-08-01 was 0 days.

    Ada's median square footage for active listings during the 2023-08-01 period was 1,883 sqft. One year prior, the average listing was 1,914 sqft.

    Ada, OK Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 441 $82,515,000 $187,109
    Refi 104 $17,040,000 $163,846
    Cash Out Refi 76 $13,100,000 $172,368
    Home Improvement 35 $2,835,000 $81,000
    Other 35 $3,035,000 $86,714

    Ada's most frequently cited loan purpose was Home Purchase, with 441 originations. The 2nd most popular reason was Refi, with 104 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    4-5% 172 $27,320,000 $158,837
    5-6% 167 $32,055,000 $191,946
    3-4% 146 $29,150,000 $199,658
    6-7% 93 $13,465,000 $144,785
    7-8% 43 $6,055,000 $140,814
    2.5-3% 37 $7,115,000 $192,297
    Over 8% 19 $1,925,000 $101,316
    <2.5% 12 $1,330,000 $110,833

    During 2022, Ada's most frequently originated rate bucket was 4-5%, with 172 originations.

    Loan Sizing (Ada, OK MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 301 $43,835,000 $145,631
    $200k-400k 183 $48,465,000 $264,836
    $100,000 or less 177 $11,255,000 $63,588
    $400k-600k 25 $11,195,000 $447,800
    $600k-1000k 5 $3,775,000 $755,000

    Ada's loan sizing saw the bucket of loans from $100k-200k with 301 originations, totaling $43,835,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 342 $66,720,000 $195,088
    60-80% 181 $31,705,000 $175,166
    40-60% 70 $10,910,000 $155,857
    20-40% 57 $5,915,000 $103,772
    Under 20% 32 $1,360,000 $42,500
    Over 100% 4 $1,100,000 $275,000

    Ada's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 342 originations, totaling $66,720,000 in origination value.