Ada Mortgage Rates & Closing Costs
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% |
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 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. 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 |
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. 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 | 1,816 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 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.