Elk City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Elk City averaged
6.91%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.04% and
one month ago for the week of 2025-05-15, the
average rate was 6.81%.
Elk City's average rate one year ago was 7.05%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.01%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Elk City 30 Year Fixed Rate | 2025-06-18 | 6.91% |
| Elk City 30 Year Fixed Rate Refi | 2025-06-18 | 7.01% |
| Elk City 15 Year Fixed Rate | 2025-06-18 | 5.76% |
| Elk City 15 Year Fixed Rate Refi | 2025-06-18 | 5.96% |
| Elk City 30 Year FHA | 2025-06-18 | -0.2% |
| Elk City 30 Year FHA Refi | 2025-06-18 | 0.1% |
| Elk City 30 Year USDA | 2025-06-18 | 0% |
| Elk City 30 Year USDA Refi | 2025-06-18 | -0.1% |
| Elk City 30 Year VA | 2025-06-18 | -0.1% |
| Elk City 30 Year VA Refi | 2025-06-18 | 0% |
Elk City 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 Elk City, 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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| QUICKEN LOANS, LLC | 13 | 7.27% | $6,286 |
| INTERLINC MORTGAGE SERVICES, LLC | 12 | 6.99% | $3,862 |
| Great Plains National Bank | 7 | 6.55% | $4,600 |
| UNITED WHOLESALE MORTGAGE, LLC | 4 | 7.02% | $8,254 |
| InterBank | 3 | 7.54% | $4,097 |
| SUN WEST MORTGAGE COMPANY, INC. | 2 | 7.56% | $8,128 |
| Waterstone Mortgage Corporation | 2 | 6.81% | $7,247 |
| Mr. Cooper ( Nationstar Mortgage ) | 1 | 6.99% | $7,521 |
| NAVY FEDERAL CREDIT UNION | 1 | 6.75% | $4,028 |
| NexBank | 1 | 7.13% | $6,473 |
| AMERICAN FINANCIAL RESOURCES, INC. | 1 | 6.25% | $7,790 |
| Willamette Valley Bank | 1 | 6.63% | $11,112 |
| Arvest Bank | 1 | 6.88% | $7,010 |
| BROKER SOLUTIONS, INC. | 1 | 8.13% | $6,019 |
| Carrington Mortgage Services, LLC | 1 | 6.75% | $7,783 |
| Discover Bank | 1 | 7.81% | $0 |
| GUARANTEED RATE, INC. | 1 | 8.00% | $11,191 |
| LOANDEPOT.COM, LLC | 1 | 6.63% | $6,996 |
Elk City Average Closing Costs & Other Stats
Elk City, OK's 18 lenders originated 218
loans during 2024. The total origination value was $33,550,000, with an average loan value of
$153,899.
Elk City's average closing costs are $4,846.
The top Elk City lender as defined by loan originations is QUICKEN LOANS, LLC, with
13 loans originated. Their average total fees are
$6,286, which is $2,424
higher than the next largest lender,
INTERLINC MORTGAGE SERVICES, LLC.
The lowest fee Elk City lenders (with over 10 loans originated) are
INTERLINC MORTGAGE SERVICES, LLC ($3,862), QUICKEN LOANS, LLC ($6,286), .
The lowest rate Elk City lenders (with over 10 loans originated) are
INTERLINC MORTGAGE SERVICES, LLC (6.99%), QUICKEN LOANS, LLC (7.27%), .
Elk City, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Great Plains National Bank | $3,980,000 | $4,760,000 | 19.6% | 14.2% |
| SUN WEST MORTGAGE COMPANY, INC. | $3,765,000 | $4,160,000 | 10.5% | 12.4% |
| QUICKEN LOANS, LLC | $1,760,000 | $4,100,000 | 133.0% | 12.2% |
| INTERLINC MORTGAGE SERVICES, LLC | $8,325,000 | $3,895,000 | -53.2% | 11.6% |
| Mortgage Research Center, LLC | $1,610,000 | $1,465,000 | -9.0% | 4.4% |
| InterBank | $3,065,000 | $1,280,000 | -58.2% | 3.8% |
| GUARANTEED RATE, INC. | $720,000 | $1,130,000 | 56.9% | 3.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,645,000 | $900,000 | -45.3% | 2.7% |
| GUILD MORTGAGE COMPANY | $135,000 | $675,000 | 400.0% | 2.0% |
| Mr. Cooper ( Nationstar Mortgage ) | $655,000 | n/a | 2.0% | |
| Farm Credit Mid-America, ACA | $640,000 | n/a | 1.9% | |
| Equity Prime Mortgage LLC | $265,000 | $630,000 | 137.7% | 1.9% |
| CORNERSTONE HOME LENDING, INC. | $580,000 | n/a | 1.7% | |
| LOANDEPOT.COM, LLC | $315,000 | $515,000 | 63.5% | 1.5% |
| LENDINGHOME FUNDING CORPORATION | $510,000 | n/a | 1.5% | |
| Waterstone Mortgage Corporation | $470,000 | n/a | 1.4% | |
| Arvest Bank | $625,000 | $455,000 | -27.2% | 1.4% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $225,000 | $430,000 | 91.1% | 1.3% |
| Equity Bank | $375,000 | n/a | 1.1% | |
| NAVY FEDERAL CREDIT UNION | $95,000 | $330,000 | 247.4% | 1.0% |
| BROKER SOLUTIONS, INC. | $530,000 | $320,000 | -39.6% | 1.0% |
| Legacy Bank | $195,000 | $320,000 | 64.1% | 1.0% |
| TOWNE MORTGAGE COMPANY | $290,000 | n/a | 0.9% | |
| CARDINAL FINANCIAL | $285,000 | n/a | 0.8% | |
| Credence Funding Corporation | $285,000 | n/a | 0.8% | |
| NexBank | $285,000 | n/a | 0.8% | |
| VILLAGE CAPITAL MORTGAGE | $285,000 | n/a | 0.8% | |
| MLD MORTGAGE INC. | $275,000 | n/a | 0.8% | |
| 21ST MORTGAGE CORPORATION | $410,000 | $245,000 | -40.2% | 0.7% |
| NEW FED MORTGAGE, CORP. | $225,000 | n/a | 0.7% | |
| Willamette Valley Bank | $225,000 | n/a | 0.7% | |
| FREEDOM MORTGAGE CORPORATION | $85,000 | $215,000 | 152.9% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $615,000 | $200,000 | -67.5% | 0.6% |
| AmeriHome Mortgage Company, LLC | $195,000 | n/a | 0.6% | |
| BancFirst | $1,010,000 | $190,000 | -81.2% | 0.6% |
| SUCCESS MORTGAGE PARTNERS, INC. | $185,000 | n/a | 0.6% | |
| The Federal Savings Bank | $435,000 | $175,000 | -59.8% | 0.5% |
| The Huntington National Bank | $175,000 | n/a | 0.5% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $145,000 | n/a | 0.4% | |
| PENNYMAC LOAN SERVICES, LLC | $395,000 | $145,000 | -63.3% | 0.4% |
| Carrington Mortgage Services, LLC | $195,000 | $135,000 | -30.8% | 0.4% |
| First National Bank and Trust Company of Ardmore | $125,000 | n/a | 0.4% | |
| Discover Bank | $95,000 | n/a | 0.3% | |
| First Federal Bank | $85,000 | n/a | 0.3% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $85,000 | n/a | 0.3% | |
| RCB Bank | $75,000 | n/a | 0.2% | |
| Amarillo National Bank | $65,000 | n/a | 0.2% | |
| Figure Lending LLC | $65,000 | n/a | 0.2% | |
| First National Bank and Trust Company | $65,000 | $65,000 | 0.0% | 0.2% |
| Fidelity Bank | $55,000 | n/a | 0.2% | |
| RUOFF MORTGAGE COMPANY, INC. | $65,000 | $55,000 | -15.4% | 0.2% |
| Coastal Community Bank | $15,000 | $25,000 | 66.7% | 0.1% |
Elk City's top lender by overall market share is Great Plains National Bank, with 14.2% market share. In second place, with 12.4%, is SUN WEST MORTGAGE COMPANY, INC., having originated $4,160,000 in loans. In third place, with 12.2%, is QUICKEN LOANS, LLC, having originated $4,100,000 in loans. In fourth place, with 11.6%, is INTERLINC MORTGAGE SERVICES, LLC, having originated $3,895,000 in loans. In fifth place, with 4.4%, is Mortgage Research Center, LLC, having originated $1,465,000 in loans.
Elk City, OK Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 144 | $24,120,000 | $167,500 |
| Cash Out Refi | 31 | $3,825,000 | $123,387 |
| Refi | 25 | $4,705,000 | $188,200 |
| Other | 10 | $520,000 | $52,000 |
| Home Improvement | 8 | $380,000 | $47,500 |
Elk City's most frequently cited loan purpose was Home Purchase, with 144 originations. The 2nd most popular reason was Cash Out Refi, with 31 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 82 | $14,020,000 | $170,976 |
| Over 8% | 52 | $5,200,000 | $100,000 |
| 7-8% | 47 | $7,545,000 | $160,532 |
| 5-6% | 29 | $5,535,000 | $190,862 |
| 4-5% | 2 | $550,000 | $275,000 |
| 2.5-3% | 1 | $255,000 | $255,000 |
During 2024, Elk City's most frequently originated rate bucket was 6-7%, with 82 originations.
Loan Sizing (Elk City, OK MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 83 | $12,465,000 | $150,181 |
| $100,000 or less | 78 | $4,850,000 | $62,179 |
| $200k-400k | 53 | $13,965,000 | $263,491 |
| $400k-600k | 3 | $1,555,000 | $518,333 |
| $600k-1000k | 1 | $715,000 | $715,000 |
Elk City's loan sizing saw the bucket of loans from $100k-200k with 83 originations, totaling $12,465,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 110 | $19,930,000 | $181,182 |
| 60-80% | 55 | $7,885,000 | $143,364 |
| 40-60% | 20 | $2,690,000 | $134,500 |
| 20-40% | 14 | $980,000 | $70,000 |
| Under 20% | 8 | $220,000 | $27,500 |
| Over 100% | 2 | $460,000 | $230,000 |
Elk City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 110 originations, totaling $19,930,000 in origination value.