Ada Mortgage Rates & Closing Costs
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% |
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.).
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. LouisDate | 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 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. LouisDate | 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 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.