Ada Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Ada averaged 7.17% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 7.4% and one month ago for the week of 2023-02-09, the average rate was 6.69%.

    Ada's average rate one year ago was 4.42%.

    For refis of the same type during the week of 2023-03-16, the average rate was 7.08%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Ada 30 Year Fixed Rate 2023-03-16 7.17%
    Ada 30 Year Fixed Rate Refi 2023-03-16 7.08%
    Ada 15 Year Fixed Rate 2023-03-16 6.62%
    Ada 15 Year Fixed Rate Refi 2023-03-16 6.48%
    Ada 30 Year FHA 2023-03-16 6.2%
    Ada 30 Year FHA Refi 2023-03-16 6.54%
    Ada 30 Year USDA 2023-03-16 6.46%
    Ada 30 Year USDA Refi 2023-03-16 6.12%
    Ada 30 Year VA 2023-03-16 6.5%
    Ada 30 Year VA Refi 2023-03-16 6.32%
    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    Vision Bank 113 3.16% $3,260
    Gateway First Bank 53 3.33% $2,869
    First United Bank and Trust Company 40 3.17% $2,908
    QUICKEN LOANS, LLC 18 3.17% $4,725
    UNION HOME MORTGAGE CORP. 7 3.27% $3,776
    LOANDEPOT.COM, LLC 6 3.19% $6,564
    Chickasaw Community Bank 4 3.16% $3,825
    Arvest Bank 4 2.72% $3,228
    BancFirst 3 3.08% $3,301
    ASSOCIATED MORTGAGE CORPORATION 3 3.58% $5,386
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.56% $6,774
    Bank of America 2 3.00% $3,301
    CMG MORTGAGE, INC. 2 3.12% $3,354
    CORNERSTONE HOME LENDING, INC. 2 3.38% $4,140
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.12% $3,584
    FLAT BRANCH MORTGAGE, INC. 2 2.81% $2,583
    Mortgage Investment Services Corporation 2 3.25% $3,136
    Truist 2 3.18% $3,990
    Wyndham Capital Mortgage, Inc. 2 3.19% $2,527
    United Fidelity Funding Corp. 1 3.13% $4,401
    BROKER SOLUTIONS, INC. 1 3.13% $7,848
    USAA Federal Savings Bank 1 3.38% $3,224
    F & M Bank 1 2.50% $3,401
    FREEDOM MORTGAGE CORPORATION 1 2.88% $2,825
    BOKF 1 3.00% $3,021
    GUILD MORTGAGE COMPANY 1 2.99% $5,635
    Bank of the West 1 2.88% $3,332
    MID AMERICA MORTGAGE, INC. 1 3.00% $4,395
    MidFirst Bank 1 2.88% $2,895
    AmeriHome Mortgage Company, LLC 1 3.25% $4,154
    Mortgage Research Center, LLC 1 2.99% $2,193
    Mr. Cooper ( Nationstar Mortgage ) 1 2.75% $8,897
    NBKC BANK 1 2.63% $1,830
    Neighborhood Loans, Inc. 1 3.75% $6,522
    NEWREZ LLC 1 3.99% $5,435
    NFM, INC. 1 3.13% $3,779
    PENNYMAC LOAN SERVICES, LLC 1 3.00% $6,606
    PENTAGON FEDERAL CREDIT UNION 1 3.25% $1,794
    PNC Bank 1 3.75% $4,381
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 2.88% $4,887
    ANGEL OAK MORTGAGE SOLUTIONS LLC 1 6.00% $8,407
    Simmons Bank 1 3.13% $2,478
    TCF National Bank 1 3.25% $3,778
    The Federal Savings Bank 1 3.13% $8,860
    WEOKIE 1 3.13% $3,768
    Amerifirst Financial, Inc. 1 3.63% $211
    CALIBER HOME LOANS, INC. 1 3.25% $2,400
    TTCU Federal Credit Union 1 2.88% $3,654
    Colten Mortgage, LLC 1 3.00% $3,837
    AMERISAVE MORTGAGE CORPORATION 1 2.38% $7,949
    DELMAR FINANCIAL COMPANY 1 2.63% $3,858
    D. L. Evans Bank 1 3.13% $2,531

    Ada Average Closing Costs & Other Stats

    Ada, OK's 52 lenders originated 942 loans during 2021. The total origination value was $171,790,000, with an average loan value of $182,367.

    Ada's average closing costs are $4,011.

    The top Ada lender as defined by loan originations is Vision Bank, with 113 loans originated. Their average total fees are $3,260, which is $392 higher than the next largest lender, Gateway First Bank.

    The lowest fee Ada lenders (with over 10 loans originated) are Gateway First Bank ($2,869), First United Bank and Trust Company ($2,908), Vision Bank ($3,260), QUICKEN LOANS, LLC ($4,725) and .

    The lowest rate Ada lenders (with over 10 loans originated) are Vision Bank (3.16%), QUICKEN LOANS, LLC (3.17%), First United Bank and Trust Company (3.17%), Gateway First Bank (3.33%) and .

    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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    Vision Bank $63,755,000 $37,265,000 -41.5% 21.7%
    First United Bank and Trust Company $16,995,000 $34,465,000 102.8% 20.1%
    Gateway First Bank $31,650,000 $29,255,000 -7.6% 17.0%
    QUICKEN LOANS, LLC $7,025,000 $10,150,000 44.5% 5.9%
    Chickasaw Community Bank $9,645,000 $7,885,000 -18.2% 4.6%
    Mortgage Research Center, LLC $1,270,000 $2,665,000 109.8% 1.6%
    UNION HOME MORTGAGE CORP. $2,990,000 $2,550,000 -14.7% 1.5%
    LOANDEPOT.COM, LLC $790,000 $2,320,000 193.7% 1.4%
    Arvest Bank $2,675,000 $2,110,000 -21.1% 1.2%
    Pinnacle Bank $1,955,000 n/a 1.1%
    FREEDOM MORTGAGE CORPORATION $2,330,000 $1,815,000 -22.1% 1.1%
    Mr. Cooper ( Nationstar Mortgage ) $935,000 $1,445,000 54.5% 0.8%
    BancFirst $1,050,000 $1,360,000 29.5% 0.8%
    GUILD MORTGAGE COMPANY $1,720,000 $1,210,000 -29.7% 0.7%
    Simmons Bank $1,195,000 $1,205,000 0.8% 0.7%
    ASSOCIATED MORTGAGE CORPORATION $1,190,000 n/a 0.7%
    PENNYMAC LOAN SERVICES, LLC $455,000 $1,145,000 151.6% 0.7%
    MID AMERICA MORTGAGE, INC. $945,000 $1,140,000 20.6% 0.7%
    HOME POINT FINANCIAL CORPORATION $825,000 $1,080,000 30.9% 0.6%
    USAA Federal Savings Bank $410,000 $1,035,000 152.4% 0.6%
    NEW DAY FINANCIAL, LLC $455,000 $1,025,000 125.3% 0.6%
    City National Bank $935,000 n/a 0.5%
    CALIBER HOME LOANS, INC. $1,290,000 $885,000 -31.4% 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $370,000 $840,000 127.0% 0.5%
    21ST MORTGAGE CORPORATION $515,000 $830,000 61.2% 0.5%
    Tinker Federal Credit Union $1,070,000 $815,000 -23.8% 0.5%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $205,000 $800,000 290.2% 0.5%
    Bank of the West $525,000 $765,000 45.7% 0.4%
    Firstar Bank $635,000 n/a 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $620,000 n/a 0.4%
    NAVY FEDERAL CREDIT UNION $840,000 $605,000 -28.0% 0.4%
    UNITED WHOLESALE MORTGAGE, LLC $525,000 $605,000 15.2% 0.4%
    FLAT BRANCH MORTGAGE, INC. $875,000 $555,000 -36.6% 0.3%
    JPMorgan Chase Bank $185,000 $555,000 200.0% 0.3%
    Bank of America $535,000 n/a 0.3%
    First Guaranty Mortgage Corporation $540,000 $535,000 -0.9% 0.3%
    Wells Fargo Bank $345,000 $510,000 47.8% 0.3%
    PROVIDENT FUNDING ASSOCIATES, L.P. $495,000 n/a 0.3%
    Wyndham Capital Mortgage, Inc. $480,000 n/a 0.3%
    AMERISAVE MORTGAGE CORPORATION $340,000 $475,000 39.7% 0.3%
    CMG MORTGAGE, INC. $295,000 $435,000 47.5% 0.3%
    Mortgage Investment Services Corporation $415,000 n/a 0.2%
    Carrington Mortgage Services, LLC $405,000 n/a 0.2%
    VILLAGE CAPITAL & INVESTMENT LLC $405,000 n/a 0.2%
    PNC Bank $400,000 n/a 0.2%
    U.S. Bank $515,000 $400,000 -22.3% 0.2%
    CORNERSTONE HOME LENDING, INC. $420,000 $385,000 -8.3% 0.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $200,000 $375,000 87.5% 0.2%
    Neighborhood Loans, Inc. $370,000 n/a 0.2%
    United Fidelity Funding Corp. $360,000 n/a 0.2%
    LAKEVIEW LOAN SERVICING, LLC $340,000 $350,000 2.9% 0.2%
    TTCU Federal Credit Union $335,000 n/a 0.2%
    MidFirst Bank $330,000 n/a 0.2%
    PENTAGON FEDERAL CREDIT UNION $155,000 $330,000 112.9% 0.2%
    OKLAHOMA'S $115,000 $300,000 160.9% 0.2%
    TJC Mortgage, Inc. $295,000 n/a 0.2%
    Truist Bank $715,000 $280,000 -60.8% 0.2%
    DELMAR FINANCIAL COMPANY $265,000 n/a 0.2%
    InterContinental Capital Group, Inc $265,000 n/a 0.2%
    TCF National Bank $265,000 n/a 0.2%
    AMERICAN FINANCING CORPORATION $255,000 n/a 0.1%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $255,000 n/a 0.1%
    LOANPAL, LLC $255,000 n/a 0.1%
    BAY EQUITY LLC $250,000 n/a 0.1%
    Colten Mortgage, LLC $250,000 n/a 0.1%
    Waterstone Mortgage Corporation $155,000 $250,000 61.3% 0.1%
    American Bank of Oklahoma $245,000 n/a 0.1%
    Black Hills Community Bank $245,000 n/a 0.1%
    NFM, INC. $245,000 n/a 0.1%
    The Focus Federal Credit Union $240,000 n/a 0.1%
    NBKC BANK $235,000 $235,000 0.0% 0.1%
    FIRST AMERICAN MORTGAGE, INC. $225,000 n/a 0.1%
    SOUTHWEST STAGE FUNDING, LLC $220,000 $225,000 2.3% 0.1%
    AmeriHome Mortgage Company, LLC $205,000 n/a 0.1%
    F & M Bank $205,000 n/a 0.1%
    Hometown Lenders, Inc. $205,000 n/a 0.1%
    NEWREZ LLC $205,000 n/a 0.1%
    The Federal Savings Bank $825,000 $205,000 -75.2% 0.1%
    Amerifirst Financial, Inc. $195,000 n/a 0.1%
    UMB Bank $195,000 n/a 0.1%
    WEOKIE $195,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $185,000 n/a 0.1%
    TIAA, FSB $185,000 n/a 0.1%
    US Employees O.C. Federal Credit Union $175,000 n/a 0.1%
    AMERICAN INTERNET MORTGAGE, INC. $165,000 n/a 0.1%
    BROKER SOLUTIONS, INC. $155,000 n/a 0.1%
    COMMUNICATION $785,000 $155,000 -80.3% 0.1%
    First Bank & Trust Co. $155,000 $155,000 0.0% 0.1%
    Prosperity Bank $155,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $155,000 n/a 0.1%
    BOKF $220,000 $145,000 -34.1% 0.1%
    DIGITAL Federal Credit Union $145,000 n/a 0.1%
    The Central Trust Bank $135,000 n/a 0.1%
    COUNTRYPLACE MORTGAGE, LTD. $125,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $230,000 $125,000 -45.7% 0.1%
    D. L. Evans Bank $115,000 n/a 0.1%
    Fidelity Bank $115,000 n/a 0.1%
    Gold Coast Bank $115,000 n/a 0.1%
    Town Square Mortgage & Investments, Inc. $115,000 n/a 0.1%
    Manufacturers and Traders Trust Company $105,000 n/a 0.1%
    Paramount Residential Mortgage Group, Inc. $145,000 $105,000 -27.6% 0.1%
    FBC MORTGAGE, LLC $85,000 $95,000 11.8% 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $135,000 $85,000 -37.0% 0.0%
    Flagstar Bank, FSB $75,000 n/a 0.0%
    Legacy Bank $75,000 n/a 0.0%
    Oklahoma Educators Credit Union $55,000 $75,000 36.4% 0.0%
    First National Bank and Trust Company of Ardmore $35,000 n/a 0.0%
    Quail Creek Bank $25,000 n/a 0.0%

    Ada's top lender by overall market share is Vision Bank, with 21.7% market share. In second place, with 20.1%, is First United Bank and Trust Company, having originated $34,465,000 in loans. In third place, with 17.0%, is Gateway First Bank, having originated $29,255,000 in loans. In fourth place, with 5.9%, is QUICKEN LOANS, LLC, having originated $10,150,000 in loans. In fifth place, with 4.6%, is Chickasaw Community Bank, having originated $7,885,000 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
    Ada's median listing price for 2023-02-01 was $259,500, a difference of $64,677 (33.2%) versus the prior year and $31,900 versus the prior month.

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

    Ada's average listing price for 2023-02-01 was $308,875, a difference of $-51,181 (-14.2%) versus the prior year and $-54,029 versus the prior month.

    For the 2023-02-01 period, Ada had 71 MLS listings, a difference of -16 listings (-18%) versus the prior month and 21 listings (42%) 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 1,816 sqft
    2019-04-01 0 days 1,827 sqft
    2019-05-01 0 days 1,819 sqft
    2019-06-01 0 days 1,826 sqft
    2019-07-01 0 days 1,890 sqft
    2019-08-01 0 days 1,844 sqft
    2019-09-01 0 days 1,775 sqft
    2019-10-01 0 days 1,722 sqft
    2019-11-01 0 days 1,795 sqft
    2019-12-01 0 days 1,728 sqft
    2020-01-01 0 days 1,700 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 1,524 sqft
    2020-08-01 0 days 1,517 sqft
    2020-09-01 0 days 1,547 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 1,416 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 1,971 sqft
    2022-07-01 0 days 1,840 sqft
    2022-08-01 0 days 1,914 sqft
    2022-09-01 0 days 1,914 sqft
    2022-10-01 0 days 1,840 sqft
    2022-11-01 0 days 1,856 sqft
    2022-12-01 0 days 1,855 sqft
    2023-01-01 0 days 1,806 sqft
    2023-02-01 0 days 1,905 sqft
    Ada's median listing age (time on market) for 2023-02-01 was 0 days.

    Ada's median square footage for active listings during the 2023-02-01 period was 1,905 sqft. One year prior, the average listing was 1,610 sqft.

    Ada, OK Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 484 $92,310,000 $190,723
    Refi 285 $51,235,000 $179,772
    Cash Out Refi 121 $21,665,000 $179,050
    Home Improvement 36 $4,760,000 $132,222
    Other 16 $1,820,000 $113,750

    Ada's most frequently cited loan purpose was Home Purchase, with 484 originations. The 2nd most popular reason was Refi, with 285 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 350 $64,110,000 $183,171
    2.5-3% 306 $55,180,000 $180,327
    <2.5% 165 $31,645,000 $191,788
    4-5% 75 $16,785,000 $223,800
    5-6% 24 $2,170,000 $90,417
    6-7% 7 $505,000 $72,143
    7-8% 7 $595,000 $85,000
    Over 8% 3 $265,000 $88,333

    During 2021, Ada's most frequently originated rate bucket was 3-4%, with 350 originations.

    Loan Sizing (Ada, OK MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 447 $66,555,000 $148,893
    $200k-400k 256 $66,270,000 $258,867
    $100,000 or less 211 $14,365,000 $68,081
    $400k-600k 18 $8,760,000 $486,667
    $600k-1000k 5 $4,035,000 $807,000
    $Over $1MM 5 $11,805,000 $2,361,000

    Ada's loan sizing saw the bucket of loans from $100k-200k with 447 originations, totaling $66,555,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 469 $82,775,000 $176,493
    60-80% 312 $66,580,000 $213,397
    40-60% 84 $13,490,000 $160,595
    20-40% 31 $2,835,000 $91,452
    Under 20% 17 $675,000 $39,706
    Over 100% 8 $1,870,000 $233,750

    Ada's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 469 originations, totaling $82,775,000 in origination value.