Durant Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Durant averaged 6.72% 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 6.75% and one month ago for the week of 2024-10-03, the average rate was 6.25%.

    Durant's average rate one year ago was 7.69%.

    For refis of the same type during the week of 2024-11-07, the average rate was 6.89%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Durant 30 Year Fixed Rate 2024-11-07 6.72%
    Durant 30 Year Fixed Rate Refi 2024-11-07 6.89%
    Durant 15 Year Fixed Rate 2024-11-07 5.9%
    Durant 15 Year Fixed Rate Refi 2024-11-07 6.3%
    Durant 30 Year FHA 2024-11-07 6.55%
    Durant 30 Year FHA Refi 2024-11-07 6.23%
    Durant 30 Year USDA 2024-11-07 6.58%
    Durant 30 Year USDA Refi 2024-11-07 6.28%
    Durant 30 Year VA 2024-11-07 6.14%
    Durant 30 Year VA Refi 2024-11-07 6.14%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Durant, OK.

    Durant 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 Durant, 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
    First United Bank and Trust Company 54 7.01% $5,551
    GUILD MORTGAGE COMPANY 27 7.19% $7,695
    QUICKEN LOANS, LLC 16 6.60% $7,252
    Vision Bank 14 6.80% $2,391
    NFM, INC. 8 6.86% $6,522
    General Mortgage Capital Corporation 6 6.88% $5,169
    GUARANTEED RATE, INC. 6 6.52% $7,098
    LOANDEPOT.COM, LLC 5 6.95% $6,612
    Arvest Bank 4 6.56% $4,809
    NEWREZ LLC 3 7.08% $5,820
    Gateway First Bank 3 6.46% $5,010
    21ST MORTGAGE CORPORATION 2 7.85% $6,363
    AmeriHome Mortgage Company, LLC 2 6.38% $5,322
    CROSSCOUNTRY MORTGAGE, LLC 2 6.25% $12,844
    JPMorgan Chase Bank 2 6.88% $253
    PENNYMAC LOAN SERVICES, LLC 2 6.81% $7,194
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.93% $9,254
    Simmons Bank 2 6.31% $4,146
    Stride Bank 2 7.44% $9,067
    Town Square Mortgage & Investments, Inc. 2 7.19% $15,855
    Wells Fargo Bank 2 6.69% $9,408
    First Liberty Bank 1 6.75% $6,402
    First State Bank 1 6.50% $5,536
    Community National Bank & Trust 1 8.50% $4,244
    Chickasaw Community Bank 1 5.75% $10,997
    CARDINAL FINANCIAL 1 5.99% $8,088
    BOKF 1 6.38% $4,599
    BETTER MORTGAGE CORPORATION 1 7.50% $1,601
    HOMESIDE FINANCIAL, LLC 1 5.13% $9,967
    HOMESTEAD FUNDING CORP. 1 7.13% $4,818
    Independent Bank 1 7.75% $4,969
    ZILLOW HOME LOANS, LLC 1 7.25% $5,037
    LAKEVIEW LOAN SERVICING, LLC 1 5.88% $11,518
    Bank of America 1 7.38% $3,464
    LOANPAL, LLC 1 6.25% $4,951
    Mortgage Research Center, LLC 1 6.63% $4,417
    MOVEMENT MORTGAGE, LLC 1 7.63% $7,697
    Mr. Cooper ( Nationstar Mortgage ) 1 7.49% $10,777
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.50% $10,372
    NBKC BANK 1 7.13% $4,331
    BancorpSouth 1 7.00% $14,503
    AMERISAVE MORTGAGE CORPORATION 1 7.50% $18,393
    Old National Bank 1 5.75% $9,333
    OPEN MORTGAGE, LLC 1 5.75% $3,074
    Paramount Residential Mortgage Group, Inc. 1 6.13% $7,946
    TTCU Federal Credit Union 1 5.63% $5,848
    Plains Commerce Bank 1 5.75% $3,427
    PLAZA HOME MORTGAGE, INC. 1 5.88% $12,966
    PNC Bank 1 5.88% $6,906
    UNITED WHOLESALE MORTGAGE, LLC 1 5.62% $10,758
    AMERICAN FINANCIAL NETWORK, INC. 1 8.00% $12,058
    SFMC, LP 1 6.99% $11,620
    U.S. Bank 1 6.63% $3,556
    Amarillo National Bank 1 7.50% $4,081
    CORNERSTONE HOME LENDING, INC. 1 6.99% $5,874
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.75% $6,502
    DAS Acquisition Company, LLC 1 7.63% $5,770
    Discover Bank 1 7.09% $0
    EVERETT FINANCIAL, INC. 1 6.75% $9,507
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.13% $3,677
    Farm Credit Mid-America, ACA 1 7.25% $5,644
    Firstar Bank 1 6.13% $3,978

    Durant Average Closing Costs & Other Stats

    Durant, OK's 62 lenders originated 873 loans during 2023. The total origination value was $159,135,000, with an average loan value of $182,285.

    Durant's average closing costs are $5,594.

    The top Durant lender as defined by loan originations is First United Bank and Trust Company, with 54 loans originated. Their average total fees are $5,551, which is $2,144 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Durant lenders (with over 10 loans originated) are Vision Bank ($2,391), First United Bank and Trust Company ($5,551), QUICKEN LOANS, LLC ($7,252), GUILD MORTGAGE COMPANY ($7,695) and .

    The lowest rate Durant lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.60%), Vision Bank (6.80%), First United Bank and Trust Company (7.01%), GUILD MORTGAGE COMPANY (7.19%) and .

    Durant, 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
    First United Bank and Trust Company $58,420,000 $46,975,000 -19.6% 29.5%
    GUILD MORTGAGE COMPANY $24,530,000 $14,785,000 -39.7% 9.3%
    Vision Bank $8,005,000 $7,580,000 -5.3% 4.8%
    QUICKEN LOANS, LLC $8,535,000 $6,685,000 -21.7% 4.2%
    NFM, INC. $2,880,000 $6,255,000 117.2% 3.9%
    GUARANTEED RATE, INC. $4,065,000 $4,510,000 10.9% 2.8%
    Mortgage Research Center, LLC $5,875,000 $3,930,000 -33.1% 2.5%
    First Texoma National Bank $7,630,000 $3,375,000 -55.8% 2.1%
    American Nation Bank $3,170,000 $2,865,000 -9.6% 1.8%
    21ST MORTGAGE CORPORATION $5,300,000 $2,250,000 -57.5% 1.4%
    Great Plains National Bank $2,095,000 n/a 1.3%
    Gateway First Bank $19,105,000 $1,950,000 -89.8% 1.2%
    Stride Bank $3,500,000 $1,860,000 -46.9% 1.2%
    CROSSCOUNTRY MORTGAGE, LLC $815,000 $1,610,000 97.5% 1.0%
    MID AMERICA MORTGAGE, INC. $1,035,000 $1,585,000 53.1% 1.0%
    USAA Federal Savings Bank $500,000 $1,555,000 211.0% 1.0%
    General Mortgage Capital Corporation $1,030,000 $1,310,000 27.2% 0.8%
    Simmons Bank $7,575,000 $1,245,000 -83.6% 0.8%
    UNITED WHOLESALE MORTGAGE, LLC $1,535,000 $1,210,000 -21.2% 0.8%
    BancFirst $875,000 $1,190,000 36.0% 0.7%
    Arvest Bank $1,415,000 $1,165,000 -17.7% 0.7%
    LOANDEPOT.COM, LLC $1,240,000 $1,160,000 -6.5% 0.7%
    Town Square Mortgage & Investments, Inc. $1,110,000 n/a 0.7%
    CARDINAL FINANCIAL $470,000 $1,025,000 118.1% 0.6%
    First State Bank $425,000 $970,000 128.2% 0.6%
    RESIDENTIAL BANCORP $960,000 n/a 0.6%
    TRIAD FINANCIAL SERVICES, INC. $360,000 $920,000 155.6% 0.6%
    BROKER SOLUTIONS, INC. $695,000 $915,000 31.7% 0.6%
    Legend Bank, N.A. $245,000 $855,000 249.0% 0.5%
    SOUTHWEST STAGE FUNDING, LLC $715,000 $835,000 16.8% 0.5%
    NEWREZ LLC $330,000 $825,000 150.0% 0.5%
    Wells Fargo Bank $960,000 $820,000 -14.6% 0.5%
    AMERISAVE MORTGAGE CORPORATION $2,380,000 $815,000 -65.8% 0.5%
    FREEDOM MORTGAGE CORPORATION $640,000 $800,000 25.0% 0.5%
    PNC Bank $405,000 $785,000 93.8% 0.5%
    PENNYMAC LOAN SERVICES, LLC $2,270,000 $765,000 -66.3% 0.5%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $125,000 $760,000 508.0% 0.5%
    Amarillo National Bank $740,000 n/a 0.5%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $730,000 n/a 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,585,000 $715,000 -84.4% 0.4%
    BancorpSouth $290,000 $690,000 137.9% 0.4%
    NAVY FEDERAL CREDIT UNION $905,000 $685,000 -24.3% 0.4%
    AmeriHome Mortgage Company, LLC $2,080,000 $665,000 -68.0% 0.4%
    North Dallas Bank & Trust Co. $665,000 n/a 0.4%
    LOANPAL, LLC $265,000 $655,000 147.2% 0.4%
    EVERETT FINANCIAL, INC. $1,195,000 $635,000 -46.9% 0.4%
    VANDERBILT MORTGAGE AND FINANCE, INC. $305,000 $610,000 100.0% 0.4%
    Community National Bank & Trust $605,000 n/a 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $600,000 $595,000 -0.8% 0.4%
    COMMUNICATION $45,000 $555,000 1,133.3% 0.3%
    Century Mortgage Company DBA Century Lending Company $520,000 n/a 0.3%
    JPMorgan Chase Bank $640,000 $515,000 -19.5% 0.3%
    PLAZA HOME MORTGAGE, INC. $935,000 $510,000 -45.5% 0.3%
    United Community Bank $515,000 $495,000 -3.9% 0.3%
    U.S. Bank $1,050,000 $460,000 -56.2% 0.3%
    Paramount Residential Mortgage Group, Inc. $175,000 $430,000 145.7% 0.3%
    The Federal Savings Bank $245,000 $420,000 71.4% 0.3%
    Discover Bank $220,000 $410,000 86.4% 0.3%
    Prosperity Home Mortgage, LLC $265,000 $405,000 52.8% 0.3%
    Chickasaw Community Bank $1,780,000 $395,000 -77.8% 0.2%
    First Liberty Bank $395,000 n/a 0.2%
    HOMESTEAD FUNDING CORP. $395,000 n/a 0.2%
    AMWEST FUNDING CORP. $205,000 $380,000 85.4% 0.2%
    NBKC BANK $185,000 $335,000 81.1% 0.2%
    Old National Bank $325,000 n/a 0.2%
    SFMC, LP $315,000 n/a 0.2%
    LENDINGHOME FUNDING CORPORATION $310,000 n/a 0.2%
    Bank of America $320,000 $305,000 -4.7% 0.2%
    PENTAGON FEDERAL CREDIT UNION $325,000 $295,000 -9.2% 0.2%
    ZILLOW HOME LOANS, LLC $285,000 $290,000 1.8% 0.2%
    Barrington Bank & Trust Company, N.A. $115,000 $275,000 139.1% 0.2%
    First National Bank and Trust Company $275,000 n/a 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $265,000 n/a 0.2%
    CORNERSTONE HOME LENDING, INC. $405,000 $265,000 -34.6% 0.2%
    Firstar Bank $195,000 $265,000 35.9% 0.2%
    First National Bank and Trust Company of Ardmore $145,000 $265,000 82.8% 0.2%
    UNITED BUILT HOMES, L.L.C. $265,000 n/a 0.2%
    TTCU Federal Credit Union $255,000 n/a 0.2%
    MOVEMENT MORTGAGE, LLC $245,000 n/a 0.2%
    Victorian Finance, LLC $245,000 n/a 0.2%
    FBC MORTGAGE, LLC $225,000 n/a 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $225,000 n/a 0.1%
    LAKEVIEW LOAN SERVICING, LLC $545,000 $205,000 -62.4% 0.1%
    VILLAGE CAPITAL MORTGAGE $125,000 $205,000 64.0% 0.1%
    HSBC BANK USA, NATIONAL ASSOCIATION $3,810,000 $195,000 -94.9% 0.1%
    Ally Bank $235,000 $185,000 -21.3% 0.1%
    DRAPER AND KRAMER MORTGAGE CORP. $235,000 $185,000 -21.3% 0.1%
    FirstBank Southwest $185,000 n/a 0.1%
    GENEVA FINANCIAL, LLC $185,000 n/a 0.1%
    Plains Commerce Bank $185,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $360,000 $175,000 -51.4% 0.1%
    Coastal Community Bank $165,000 n/a 0.1%
    Figure Lending LLC $25,000 $165,000 560.0% 0.1%
    HomeTrust Bank $155,000 n/a 0.1%
    Independent Bank $415,000 $155,000 -62.7% 0.1%
    City Bank $145,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $145,000 n/a 0.1%
    Carrington Mortgage Services, LLC $135,000 n/a 0.1%
    DAS Acquisition Company, LLC $135,000 n/a 0.1%
    Farm Credit Mid-America, ACA $135,000 n/a 0.1%
    International Bank of Commerce $135,000 n/a 0.1%
    Centennial Bank $220,000 $125,000 -43.2% 0.1%
    CSL Financial, LLC $120,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $175,000 $115,000 -34.3% 0.1%
    OPEN MORTGAGE, LLC $360,000 $115,000 -68.1% 0.1%
    Axos Bank $105,000 n/a 0.1%
    CHEVRON $105,000 n/a 0.1%
    Citizens Bank $665,000 $105,000 -84.2% 0.1%
    Equity Prime Mortgage LLC $105,000 $105,000 0.0% 0.1%
    ROYAL UNITED MORTGAGE LLC $105,000 n/a 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $95,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $1,705,000 $95,000 -94.4% 0.1%
    CMG MORTGAGE, INC. $205,000 $95,000 -53.7% 0.1%
    The First National Bank of Tom Bean $95,000 n/a 0.1%
    BOKF $85,000 n/a 0.1%
    Oklahoma Educators Credit Union $15,000 n/a 0.0%

    Durant's top lender by overall market share is First United Bank and Trust Company, with 29.5% market share. In second place, with 9.3%, is GUILD MORTGAGE COMPANY, having originated $14,785,000 in loans. In third place, with 4.8%, is Vision Bank, having originated $7,580,000 in loans. In fourth place, with 4.2%, is QUICKEN LOANS, LLC, having originated $6,685,000 in loans. In fifth place, with 3.9%, is NFM, INC., having originated $6,255,000 in loans.

    Durant, OK Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 548 $116,150,000 $211,953
    Other 115 $9,425,000 $81,957
    Refi 95 $17,125,000 $180,263
    Cash Out Refi 65 $11,305,000 $173,923
    Home Improvement 50 $5,130,000 $102,600

    Durant's most frequently cited loan purpose was Home Purchase, with 548 originations. The 2nd most popular reason was Other, with 115 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    Over 8% 267 $31,985,000 $119,794
    6-7% 231 $52,745,000 $228,333
    7-8% 226 $46,450,000 $205,531
    5-6% 72 $15,170,000 $210,694
    <2.5% 4 $20,000 $5,000
    4-5% 4 $920,000 $230,000

    During 2023, Durant's most frequently originated rate bucket was Over 8%, with 267 originations.

    Loan Sizing (Durant, OK MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 309 $45,045,000 $145,777
    $200k-400k 265 $70,695,000 $266,774
    $100,000 or less 246 $14,070,000 $57,195
    $400k-600k 40 $19,400,000 $485,000
    $600k-1000k 11 $7,435,000 $675,909
    $Over $1MM 2 $2,490,000 $1,245,000

    Durant's loan sizing saw the bucket of loans from $100k-200k with 309 originations, totaling $45,045,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 363 $77,105,000 $212,410
    60-80% 170 $41,190,000 $242,294
    20-40% 99 $9,085,000 $91,768
    Under 20% 82 $3,430,000 $41,829
    40-60% 76 $13,260,000 $174,474
    Over 100% 11 $3,095,000 $281,364

    Durant's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 363 originations, totaling $77,105,000 in origination value.