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 7.01% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.79% and one month ago for the week of 2024-03-14, the average rate was 6.75%.

    Ada's average rate one year ago was 6.28%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Ada 30 Year Fixed Rate 2024-04-18 7.01%
    Ada 30 Year Fixed Rate Refi 2024-04-18 7%
    Ada 15 Year Fixed Rate 2024-04-18 6.59%
    Ada 15 Year Fixed Rate Refi 2024-04-18 6.39%
    Ada 30 Year FHA 2024-04-18 6.78%
    Ada 30 Year FHA Refi 2024-04-18 7.06%
    Ada 30 Year USDA 2024-04-18 6.86%
    Ada 30 Year USDA Refi 2024-04-18 7.06%
    Ada 30 Year VA 2024-04-18 6.96%
    Ada 30 Year VA Refi 2024-04-18 6.86%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Vision Bank 31 6.66% $2,800
    Gateway First Bank 29 6.94% $5,329
    First United Bank and Trust Company 26 7.00% $5,253
    QUICKEN LOANS, LLC 11 6.99% $6,645
    Chickasaw Community Bank 4 6.59% $6,198
    BancFirst 2 6.88% $4,989
    Ally Bank 2 6.75% $4,061
    UNITED WHOLESALE MORTGAGE, LLC 2 6.70% $7,882
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 7.63% $7,360
    ASSOCIATED MORTGAGE CORPORATION 2 6.56% $6,672
    OKLAHOMA'S 2 6.94% $3,115
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.88% $2,488
    Simmons Bank 1 6.00% $3,997
    The Huntington National Bank 1 8.50% $4,697
    USAA Federal Savings Bank 1 6.38% $3,428
    U.S. Bank 1 6.38% $3,079
    Waterstone Mortgage Corporation 1 6.75% $6,639
    Wells Fargo Bank 1 6.63% $3,749
    21ST MORTGAGE CORPORATION 1 7.85% $5,586
    WEOKIE 1 6.75% $3,702
    BMO Harris Bank 1 8.38% $3,013
    CMG MORTGAGE, INC. 1 6.50% $3,665
    COMMUNICATION 1 6.13% $4,263
    CROSSCOUNTRY MORTGAGE, LLC 1 6.00% $3,488
    First Liberty Bank 1 6.75% $5,075
    HIGHLAND HOMELOANS, LLC 1 7.38% $5,248
    JPMorgan Chase Bank 1 7.49% $4,183
    North American Savings Bank, F.S.B. 1 9.13% $625
    PENNYMAC LOAN SERVICES, LLC 1 5.62% $9,668
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.99% $7,658

    Ada Average Closing Costs & Other Stats

    Ada, OK's 30 lenders originated 494 loans during 2023. The total origination value was $84,280,000, with an average loan value of $170,607.

    Ada's average closing costs are $4,513.

    The top Ada lender as defined by loan originations is Vision Bank, with 31 loans originated. Their average total fees are $2,800, which is $2,529 lower than the next largest lender, Gateway First Bank.

    The lowest fee Ada lenders (with over 10 loans originated) are Vision Bank ($2,800), First United Bank and Trust Company ($5,253), Gateway First Bank ($5,329), QUICKEN LOANS, LLC ($6,645) and .

    The lowest rate Ada lenders (with over 10 loans originated) are Vision Bank (6.66%), Gateway First Bank (6.94%), QUICKEN LOANS, LLC (6.99%), First United Bank and Trust Company (7.00%) 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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Gateway First Bank $18,965,000 $14,185,000 -25.2% 16.8%
    First United Bank and Trust Company $18,820,000 $14,095,000 -25.1% 16.7%
    Vision Bank $23,840,000 $13,830,000 -42.0% 16.4%
    QUICKEN LOANS, LLC $6,195,000 $6,865,000 10.8% 8.1%
    Chickasaw Community Bank $6,580,000 $5,055,000 -23.2% 6.0%
    UNITED WHOLESALE MORTGAGE, LLC $680,000 $1,595,000 134.6% 1.9%
    NBC Oklahoma $1,425,000 n/a 1.7%
    BancFirst $1,185,000 $1,190,000 0.4% 1.4%
    Simmons Bank $2,480,000 $1,130,000 -54.4% 1.3%
    GUILD MORTGAGE COMPANY $1,215,000 $1,060,000 -12.8% 1.3%
    21ST MORTGAGE CORPORATION $1,380,000 $960,000 -30.4% 1.1%
    COMMUNICATION $1,070,000 $915,000 -14.5% 1.1%
    Mortgage Research Center, LLC $2,660,000 $860,000 -67.7% 1.0%
    PENNYMAC LOAN SERVICES, LLC $1,195,000 $850,000 -28.9% 1.0%
    LOANDEPOT.COM, LLC $1,540,000 $740,000 -51.9% 0.9%
    HIGHLAND HOMELOANS, LLC $495,000 $725,000 46.5% 0.9%
    FREEDOM MORTGAGE CORPORATION $1,100,000 $660,000 -40.0% 0.8%
    The Huntington National Bank $335,000 $585,000 74.6% 0.7%
    Tinker Federal Credit Union $875,000 $585,000 -33.1% 0.7%
    Ally Bank $260,000 $575,000 121.2% 0.7%
    Waterstone Mortgage Corporation $575,000 n/a 0.7%
    MOVEMENT MORTGAGE, LLC $245,000 $555,000 126.5% 0.7%
    PLAZA HOME MORTGAGE, INC. $555,000 n/a 0.7%
    ASSOCIATED MORTGAGE CORPORATION $205,000 $505,000 146.3% 0.6%
    MID AMERICA MORTGAGE, INC. $1,280,000 $490,000 -61.7% 0.6%
    Great Plains National Bank $480,000 n/a 0.6%
    INTERLINC MORTGAGE SERVICES, LLC $465,000 n/a 0.6%
    UNION HOME MORTGAGE CORP. $2,960,000 $450,000 -84.8% 0.5%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $740,000 $415,000 -43.9% 0.5%
    CORNERSTONE HOME LENDING, INC. $1,000,000 $385,000 -61.5% 0.5%
    OKLAHOMA'S $360,000 n/a 0.4%
    The Federal Savings Bank $355,000 n/a 0.4%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $350,000 n/a 0.4%
    USAA Federal Savings Bank $355,000 $350,000 -1.4% 0.4%
    First Liberty Bank $325,000 n/a 0.4%
    MICHIGAN MUTUAL, INC. $325,000 n/a 0.4%
    Century Mortgage Company DBA Century Lending Company $315,000 n/a 0.4%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $315,000 n/a 0.4%
    North American Savings Bank, F.S.B. $305,000 n/a 0.4%
    CROSSCOUNTRY MORTGAGE, LLC $85,000 $300,000 252.9% 0.4%
    FLAT BRANCH MORTGAGE, INC. $425,000 $300,000 -29.4% 0.4%
    AMERISAVE MORTGAGE CORPORATION $1,120,000 $295,000 -73.7% 0.4%
    FirstBank $295,000 n/a 0.4%
    Old National Bank $295,000 n/a 0.4%
    BETTER MORTGAGE CORPORATION $315,000 $285,000 -9.5% 0.3%
    CARDINAL FINANCIAL $470,000 $275,000 -41.5% 0.3%
    Bank of England $265,000 n/a 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $265,000 n/a 0.3%
    Wells Fargo Bank $440,000 $255,000 -42.0% 0.3%
    Ameris Bank $245,000 n/a 0.3%
    GENERAL ELECTRIC CREDIT UNION $245,000 n/a 0.3%
    U.S. Bank $360,000 $240,000 -33.3% 0.3%
    NAVY FEDERAL CREDIT UNION $240,000 $215,000 -10.4% 0.3%
    Bank of America $135,000 $195,000 44.4% 0.2%
    PNC Bank $250,000 $195,000 -22.0% 0.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $195,000 n/a 0.2%
    CMG MORTGAGE, INC. $185,000 n/a 0.2%
    New Century Bank $185,000 n/a 0.2%
    AMCAP MORTGAGE, LTD. $175,000 n/a 0.2%
    BECKAM FUNDING CORP. $175,000 n/a 0.2%
    Carrington Mortgage Services, LLC $175,000 n/a 0.2%
    GUARANTEED RATE, INC. $135,000 $175,000 29.6% 0.2%
    LIBERTY HOME MORTGAGE CORPORATION $175,000 n/a 0.2%
    TRIAD FINANCIAL SERVICES, INC. $260,000 $170,000 -34.6% 0.2%
    Armstrong Bank $165,000 n/a 0.2%
    Arvest Bank $290,000 $165,000 -43.1% 0.2%
    DAS Acquisition Company, LLC $155,000 n/a 0.2%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $155,000 n/a 0.2%
    ZILLOW HOME LOANS, LLC $155,000 n/a 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $145,000 n/a 0.2%
    International Bank of Commerce $145,000 n/a 0.2%
    PROVIDENT FUNDING ASSOCIATES, L.P. $145,000 n/a 0.2%
    Figure Lending LLC $135,000 n/a 0.2%
    First National Bank and Trust Company of Ardmore $125,000 n/a 0.1%
    WEOKIE $235,000 $125,000 -46.8% 0.1%
    AmeriHome Mortgage Company, LLC $175,000 $115,000 -34.3% 0.1%
    Servion, Inc. $105,000 n/a 0.1%
    BMO Harris Bank $95,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $95,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $95,000 n/a 0.1%
    USAlliance Federal Credit Union $95,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $85,000 n/a 0.1%
    JPMorgan Chase Bank $65,000 $85,000 30.8% 0.1%
    LOANPAL, LLC $95,000 $85,000 -10.5% 0.1%
    Discover Bank $75,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $55,000 n/a 0.1%
    Deere Employees Credit Union $35,000 n/a 0.0%
    Fidelity Bank $35,000 n/a 0.0%
    First Bank & Trust Co. $35,000 $35,000 0.0% 0.0%
    BOKF $115,000 $25,000 -78.3% 0.0%
    Coastal Community Bank $15,000 n/a 0.0%

    Ada's top lender by overall market share is Gateway First Bank, with 16.8% market share. In second place, with 16.7%, is First United Bank and Trust Company, having originated $14,095,000 in loans. In third place, with 16.4%, is Vision Bank, having originated $13,830,000 in loans. In fourth place, with 8.1%, is QUICKEN LOANS, LLC, having originated $6,865,000 in loans. In fifth place, with 6.0%, is Chickasaw Community Bank, having originated $5,055,000 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 (-3.5%) $187,886 (3.6%) 0.00 169
    2018-06-01 $154,500 (-7.8%) $184,424 (-1.8%) 0.00 181
    2018-07-01 $154,875 (0.0%) $184,877 (0.4%) 0.00 202
    2018-08-01 $149,975 (-0.4%) $178,496 (-3.3%) 0.00 212
    2018-09-01 $150,000 (1.4%) $178,718 (-4.0%) 0.00 212
    2018-10-01 $149,500 (-7.8%) $173,460 (-14.8%) 0.00 209
    2018-11-01 $144,950 (-6.5%) $168,703 (-14.7%) 0.00 195
    2018-12-01 $144,900 (-6.5%) $170,466 (-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 (0.3%) $199,214 (8.0%) 0.00 152
    2019-07-01 $169,000 (9.1%) $199,320 (7.8%) 0.00 160
    2019-08-01 $161,382 (7.6%) $192,658 (7.9%) 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 (8.7%) $181,011 (7.3%) 0.00 136
    2019-12-01 $138,150 (-4.7%) $168,453 (-1.2%) 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 $235,000 (9.3%) $321,263 (18.9%) 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 $249,500 (4.0%) $355,674 (-4.1%) 0.00 68
    2023-05-01 $265,000 (8.4%) $373,256 (-5.6%) 0.00 80
    2023-06-01 $256,725 (5.0%) $373,569 (0.4%) 0.00 79
    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
    2023-09-01 $203,450 (-19.3%) $325,171 (-1.6%) 0.00 100
    2023-10-01 $201,225 (-14.4%) $267,308 (-16.8%) 0.00 92
    2023-11-01 $218,000 (-7.7%) $272,517 (-16.8%) 0.00 98
    2023-12-01 $222,450 (-9.8%) $291,199 (-27.8%) 0.00 94
    2024-01-01 $213,000 (-6.4%) $301,593 (-16.9%) 0.00 83
    2024-02-01 $228,450 (-12.0%) $316,200 (2.4%) 0.00 79
    2024-03-01 $226,000 (-8.5%) $335,642 (18.4%) 0.00 81
    Ada's median listing price for 2024-03-01 was $226,000, a difference of $-21,000 (-8.5%) versus the prior year and $-2,450 versus the prior month.

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

    Ada's average listing price for 2024-03-01 was $335,642, a difference of $52,169 (18.4%) versus the prior year and $19,442 versus the prior month.

    For the 2024-03-01 period, Ada had 81 MLS listings, a difference of 2 listings (3%) versus the prior month and 13 listings (19%) 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 1,750 sqft
    2018-07-01 0 days 1,819 sqft
    2018-08-01 0 days 1,794 sqft
    2018-09-01 0 days 1,794 sqft
    2018-10-01 0 days 1,759 sqft
    2018-11-01 0 days 1,767 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 1,816 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 1,840 sqft
    2023-05-01 0 days 1,986 sqft
    2023-06-01 0 days 1,928 sqft
    2023-07-01 0 days 2,050 sqft
    2023-08-01 0 days 1,883 sqft
    2023-09-01 0 days 1,855 sqft
    2023-10-01 0 days 1,885 sqft
    2023-11-01 0 days 1,857 sqft
    2023-12-01 0 days 1,794 sqft
    2024-01-01 0 days 1,744 sqft
    2024-02-01 0 days 1,644 sqft
    2024-03-01 0 days 1,758 sqft
    Ada's median listing age (time on market) for 2024-03-01 was 0 days.

    Ada's median square footage for active listings during the 2024-03-01 period was 1,758 sqft. One year prior, the average listing was 1,850 sqft.

    Ada, OK Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 317 $63,625,000 $200,710
    Refi 53 $8,425,000 $158,962
    Other 49 $3,205,000 $65,408
    Cash Out Refi 39 $6,505,000 $166,795
    Home Improvement 36 $2,520,000 $70,000

    Ada's most frequently cited loan purpose was Home Purchase, with 317 originations. The 2nd most popular reason was Refi, with 53 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 218 $42,060,000 $192,936
    7-8% 123 $21,575,000 $175,407
    Over 8% 95 $8,885,000 $93,526
    5-6% 50 $9,190,000 $183,800
    4-5% 3 $795,000 $265,000
    <2.5% 1 $5,000 $5,000

    During 2023, Ada's most frequently originated rate bucket was 6-7%, with 218 originations.

    Loan Sizing (Ada, OK MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 199 $29,525,000 $148,367
    $100,000 or less 152 $9,110,000 $59,934
    $200k-400k 121 $32,515,000 $268,719
    $400k-600k 16 $7,520,000 $470,000
    $600k-1000k 5 $4,185,000 $837,000
    $Over $1MM 1 $1,425,000 $1,425,000

    Ada's loan sizing saw the bucket of loans from $100k-200k with 199 originations, totaling $29,525,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 251 $50,275,000 $200,299
    60-80% 90 $17,320,000 $192,444
    40-60% 52 $6,870,000 $132,115
    20-40% 44 $4,060,000 $92,273
    Under 20% 43 $1,675,000 $38,953
    Over 100% 7 $1,955,000 $279,286

    Ada's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 251 originations, totaling $50,275,000 in origination value.