Ardmore Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Ardmore averaged
6.99%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.92% and
one month ago for the week of 2024-10-03, the
average rate was 6.02%.
Ardmore's average rate one year ago was 7.86%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.99%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Ardmore 30 Year Fixed Rate | 2024-11-07 | 6.99% |
| Ardmore 30 Year Fixed Rate Refi | 2024-11-07 | 6.99% |
| Ardmore 15 Year Fixed Rate | 2024-11-07 | 6.1% |
| Ardmore 15 Year Fixed Rate Refi | 2024-11-07 | 6.2% |
| Ardmore 30 Year FHA | 2024-11-07 | 6.53% |
| Ardmore 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Ardmore 30 Year USDA | 2024-11-07 | 6.58% |
| Ardmore 30 Year USDA Refi | 2024-11-07 | 6.68% |
| Ardmore 30 Year VA | 2024-11-07 | 6.44% |
| Ardmore 30 Year VA Refi | 2024-11-07 | 6.24% |
Ardmore 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 Ardmore, 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.).
Ardmore Average Closing Costs & Other Stats
Ardmore, OK's 53 lenders originated 872
loans during 2023. The total origination value was $142,220,000, with an average loan value of
$163,096.
Ardmore's average closing costs are $5,356.
The top Ardmore lender as defined by loan originations is First United Bank and Trust Company, with
25 loans originated. Their average total fees are
$5,880, which is $118
lower than the next largest lender,
Gateway First Bank.
The lowest fee Ardmore lenders (with over 10 loans originated) are
NEWREZ LLC ($4,783), ASSOCIATED MORTGAGE CORPORATION ($5,321), BancFirst ($5,598), First United Bank and Trust Company ($5,880) and Gateway First Bank ($5,998).
The lowest rate Ardmore lenders (with over 10 loans originated) are
ASSOCIATED MORTGAGE CORPORATION (6.64%), QUICKEN LOANS, LLC (6.79%), BancFirst (6.82%), Gateway First Bank (6.98%) and First United Bank and Trust Company (7.01%).
Ardmore, 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 |
|---|---|---|---|---|
| BancFirst | $24,730,000 | $15,935,000 | -35.6% | 11.2% |
| First United Bank and Trust Company | $13,555,000 | $12,270,000 | -9.5% | 8.6% |
| ASSOCIATED MORTGAGE CORPORATION | $14,865,000 | $9,045,000 | -39.2% | 6.4% |
| American Nation Bank | $15,250,000 | $7,785,000 | -49.0% | 5.5% |
| QUICKEN LOANS, LLC | $14,680,000 | $7,600,000 | -48.2% | 5.3% |
| Gateway First Bank | $8,970,000 | $7,025,000 | -21.7% | 4.9% |
| First National Bank and Trust Company of Ardmore | $8,905,000 | $6,125,000 | -31.2% | 4.3% |
| NEWREZ LLC | $450,000 | $5,995,000 | 1,232.2% | 4.2% |
| First Bank & Trust Co. | $8,290,000 | $5,180,000 | -37.5% | 3.6% |
| Mortgage Research Center, LLC | $4,625,000 | $4,215,000 | -8.9% | 3.0% |
| 21ST MORTGAGE CORPORATION | $2,935,000 | $3,645,000 | 24.2% | 2.6% |
| PLAZA HOME MORTGAGE, INC. | $1,035,000 | $2,685,000 | 159.4% | 1.9% |
| Chickasaw Community Bank | $2,105,000 | $2,595,000 | 23.3% | 1.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,735,000 | $2,595,000 | 49.6% | 1.8% |
| PENNYMAC LOAN SERVICES, LLC | $2,360,000 | $2,120,000 | -10.2% | 1.5% |
| COMMUNICATION | $2,570,000 | $2,110,000 | -17.9% | 1.5% |
| JPMorgan Chase Bank | $2,180,000 | $1,965,000 | -9.9% | 1.4% |
| F & M Bank | $2,610,000 | $1,810,000 | -30.7% | 1.3% |
| GUARANTEED RATE, INC. | $785,000 | $1,730,000 | 120.4% | 1.2% |
| Simmons Bank | $925,000 | $1,605,000 | 73.5% | 1.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $345,000 | $1,520,000 | 340.6% | 1.1% |
| Third Coast Bank SSB | $1,480,000 | n/a | 1.0% | |
| GUILD MORTGAGE COMPANY | $1,150,000 | $1,440,000 | 25.2% | 1.0% |
| LOANDEPOT.COM, LLC | $2,285,000 | $1,155,000 | -49.5% | 0.8% |
| TOWNE MORTGAGE COMPANY | $1,120,000 | n/a | 0.8% | |
| NATIONS DIRECT MORTGAGE, LLC | $730,000 | $985,000 | 34.9% | 0.7% |
| MTC Federal Credit Union | $960,000 | $965,000 | 0.5% | 0.7% |
| CARDINAL FINANCIAL | $1,055,000 | $950,000 | -10.0% | 0.7% |
| First State Bank | $930,000 | n/a | 0.7% | |
| Flagstar Bank, FSB | $1,725,000 | $905,000 | -47.5% | 0.6% |
| RESIDENTIAL BANCORP | $830,000 | n/a | 0.6% | |
| CORNERSTONE HOME LENDING, INC. | $960,000 | $790,000 | -17.7% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $1,480,000 | $755,000 | -49.0% | 0.5% |
| USAA Federal Savings Bank | $735,000 | $710,000 | -3.4% | 0.5% |
| AmeriHome Mortgage Company, LLC | $700,000 | $695,000 | -0.7% | 0.5% |
| Barrington Bank & Trust Company, N.A. | $380,000 | $675,000 | 77.6% | 0.5% |
| MID AMERICA MORTGAGE, INC. | $300,000 | $660,000 | 120.0% | 0.5% |
| LOANPAL, LLC | $330,000 | $640,000 | 93.9% | 0.5% |
| Vision Bank | $410,000 | $590,000 | 43.9% | 0.4% |
| SOUTHWEST STAGE FUNDING, LLC | $155,000 | $580,000 | 274.2% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $1,185,000 | $575,000 | -51.5% | 0.4% |
| NEW DAY FINANCIAL, LLC | $735,000 | $530,000 | -27.9% | 0.4% |
| BROKER SOLUTIONS, INC. | $1,060,000 | $505,000 | -52.4% | 0.4% |
| Carrington Mortgage Services, LLC | $305,000 | $480,000 | 57.4% | 0.3% |
| Equity Prime Mortgage LLC | $480,000 | n/a | 0.3% | |
| U.S. Bank | $270,000 | $470,000 | 74.1% | 0.3% |
| AMERICAN INTERNET MORTGAGE, INC. | $460,000 | n/a | 0.3% | |
| PREMIA MORTGAGE, LLC | $445,000 | n/a | 0.3% | |
| The Huntington National Bank | $435,000 | n/a | 0.3% | |
| SFMC, LP | $430,000 | n/a | 0.3% | |
| WILLOW BEND MORTGAGE COMPANY, LLC | $295,000 | $425,000 | 44.1% | 0.3% |
| COUNTRYPLACE MORTGAGE, LTD. | $115,000 | $420,000 | 265.2% | 0.3% |
| CMG MORTGAGE, INC. | $400,000 | n/a | 0.3% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $170,000 | $390,000 | 129.4% | 0.3% |
| Capitol Federal Savings Bank | $370,000 | n/a | 0.3% | |
| POLARIS HOME FUNDING CORP. | $370,000 | n/a | 0.3% | |
| All America Bank | $365,000 | n/a | 0.3% | |
| PENTAGON FEDERAL CREDIT UNION | $635,000 | $345,000 | -45.7% | 0.2% |
| UNION HOME MORTGAGE CORP. | $335,000 | n/a | 0.2% | |
| Arvest Bank | $885,000 | $330,000 | -62.7% | 0.2% |
| BMO Harris Bank | $330,000 | n/a | 0.2% | |
| Ally Bank | $145,000 | $305,000 | 110.3% | 0.2% |
| Commerce Home Mortgage, Inc. | $315,000 | $305,000 | -3.2% | 0.2% |
| First National Bank and Trust Company | $305,000 | n/a | 0.2% | |
| TIB The Independent Bankersbank | $305,000 | n/a | 0.2% | |
| Armed Forces Bank | $295,000 | n/a | 0.2% | |
| EVERETT FINANCIAL, INC. | $690,000 | $285,000 | -58.7% | 0.2% |
| MYCUMORTGAGE, LLC | $275,000 | n/a | 0.2% | |
| United Fidelity Funding Corp. | $275,000 | n/a | 0.2% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $265,000 | n/a | 0.2% | |
| NAVY FEDERAL CREDIT UNION | $535,000 | $250,000 | -53.3% | 0.2% |
| CALCON MUTUAL MORTGAGE LLC | $245,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $330,000 | $245,000 | -25.8% | 0.2% |
| Network Funding, L.P. | $245,000 | n/a | 0.2% | |
| Bank of America | $920,000 | $240,000 | -73.9% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,720,000 | $240,000 | -86.0% | 0.2% |
| Mortgage Investment Services Corporation | $235,000 | n/a | 0.2% | |
| TRIAD FINANCIAL SERVICES, INC. | $145,000 | $230,000 | 58.6% | 0.2% |
| MEMBER ADVANTAGE MORTGAGE, LLC | $225,000 | n/a | 0.2% | |
| M&T Bank | $220,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL NETWORK, INC. | $215,000 | n/a | 0.2% | |
| Wells Fargo Bank | $2,280,000 | $215,000 | -90.6% | 0.2% |
| Guaranty Bank & Trust, N.A. | $85,000 | $205,000 | 141.2% | 0.1% |
| INTERLINC MORTGAGE SERVICES, LLC | $205,000 | n/a | 0.1% | |
| Plains Commerce Bank | $205,000 | n/a | 0.1% | |
| United Community Bank | $105,000 | $200,000 | 90.5% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $160,000 | $200,000 | 25.0% | 0.1% |
| Mabrey Bank | $195,000 | n/a | 0.1% | |
| NFM, INC. | $185,000 | n/a | 0.1% | |
| First Liberty Bank | $490,000 | $175,000 | -64.3% | 0.1% |
| OPEN MORTGAGE, LLC | $215,000 | $175,000 | -18.6% | 0.1% |
| Superior Credit Union, Inc. | $430,000 | $175,000 | -59.3% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $310,000 | $165,000 | -46.8% | 0.1% |
| ZILLOW HOME LOANS, LLC | $165,000 | n/a | 0.1% | |
| Citizens Bank | $305,000 | $160,000 | -47.5% | 0.1% |
| CSL Financial, LLC | $160,000 | n/a | 0.1% | |
| Tinker Federal Credit Union | $325,000 | $150,000 | -53.8% | 0.1% |
| SOUTH CENTRAL BANK, INC. | $145,000 | n/a | 0.1% | |
| GERSHMAN INVESTMENT CORP. | $135,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $245,000 | $130,000 | -46.9% | 0.1% |
| CALIBER HOME LOANS, INC. | $6,790,000 | $125,000 | -98.2% | 0.1% |
| Ixonia Bank | $125,000 | n/a | 0.1% | |
| Secured Investment Corp. | $85,000 | $125,000 | 47.1% | 0.1% |
| American Airlines Federal Credit Union | $105,000 | n/a | 0.1% | |
| Figure Lending LLC | $25,000 | $95,000 | 280.0% | 0.1% |
| First Oklahoma Bank | $95,000 | n/a | 0.1% | |
| VALOR BANK | $95,000 | n/a | 0.1% | |
| International Bank of Commerce | $395,000 | $90,000 | -77.2% | 0.1% |
| Encompass Lending Group, LP | $75,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $75,000 | $75,000 | 0.0% | 0.1% |
| THE MORTGAGE LINK, INC. | $75,000 | n/a | 0.1% | |
| Baxter Credit Union | $65,000 | n/a | 0.0% | |
| FLAT BRANCH MORTGAGE, INC. | $260,000 | $65,000 | -75.0% | 0.0% |
| Truist | $295,000 | $65,000 | -78.0% | 0.0% |
| Servion, Inc. | $275,000 | $55,000 | -80.0% | 0.0% |
| Southwest Airlines Federal Credit Union | $55,000 | n/a | 0.0% | |
| Coastal Community Bank | $50,000 | n/a | 0.0% | |
| Discover Bank | $255,000 | $35,000 | -86.3% | 0.0% |
| Legacy Bank | $45,000 | $25,000 | -44.4% | 0.0% |
| Oklahoma Educators Credit Union | $105,000 | $15,000 | -85.7% | 0.0% |
Ardmore's top lender by overall market share is BancFirst, with 11.2% market share. In second place, with 8.6%, is First United Bank and Trust Company, having originated $12,270,000 in loans. In third place, with 6.4%, is ASSOCIATED MORTGAGE CORPORATION, having originated $9,045,000 in loans. In fourth place, with 5.5%, is American Nation Bank, having originated $7,785,000 in loans. In fifth place, with 5.3%, is QUICKEN LOANS, LLC, having originated $7,600,000 in loans.
Ardmore, OK Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 552 | $105,540,000 | $191,196 |
| Refi | 92 | $12,970,000 | $140,978 |
| Home Improvement | 81 | $4,785,000 | $59,074 |
| Cash Out Refi | 76 | $13,590,000 | $178,816 |
| Other | 71 | $5,335,000 | $75,141 |
Ardmore's most frequently cited loan purpose was Home Purchase, with 552 originations. The 2nd most popular reason was Refi, with 92 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 274 | $53,540,000 | $195,401 |
| 7-8% | 194 | $32,580,000 | $167,938 |
| Over 8% | 139 | $17,675,000 | $127,158 |
| 5-6% | 71 | $15,205,000 | $214,155 |
| <2.5% | 6 | $30,000 | $5,000 |
| 4-5% | 4 | $1,170,000 | $292,500 |
During 2023, Ardmore's most frequently originated rate bucket was 6-7%, with 274 originations.
Loan Sizing (Ardmore, OK MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 329 | $19,075,000 | $57,979 |
| $100k-200k | 289 | $43,085,000 | $149,083 |
| $200k-400k | 213 | $56,345,000 | $264,531 |
| $400k-600k | 28 | $13,190,000 | $471,071 |
| $600k-1000k | 11 | $7,485,000 | $680,455 |
| $Over $1MM | 2 | $3,040,000 | $1,520,000 |
Ardmore's loan sizing saw the bucket of loans from $100,000 or less with 329 originations, totaling $19,075,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 355 | $77,265,000 | $217,648 |
| 60-80% | 144 | $24,440,000 | $169,722 |
| 40-60% | 63 | $8,415,000 | $133,571 |
| 20-40% | 62 | $4,450,000 | $71,774 |
| Under 20% | 49 | $2,085,000 | $42,551 |
| Over 100% | 11 | $3,045,000 | $276,818 |
Ardmore's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 355 originations, totaling $77,265,000 in origination value.