ENID Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Enid averaged
6.98%
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
6.81% and
one month ago for the week of 2024-10-03, the
average rate was 6.21%.
Enid's average rate one year ago was 8.05%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.79%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Enid 30 Year Fixed Rate | 2024-11-07 | 6.98% |
| Enid 30 Year Fixed Rate Refi | 2024-11-07 | 6.79% |
| Enid 15 Year Fixed Rate | 2024-11-07 | 6.1% |
| Enid 15 Year Fixed Rate Refi | 2024-11-07 | 6.1% |
| Enid 30 Year FHA | 2024-11-07 | 6.34% |
| Enid 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Enid 30 Year USDA | 2024-11-07 | 6.68% |
| Enid 30 Year USDA Refi | 2024-11-07 | 6.68% |
| Enid 30 Year VA | 2024-11-07 | 6.25% |
| Enid 30 Year VA Refi | 2024-11-07 | 6.14% |
ENID 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 ENID, 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.).
ENID Average Closing Costs & Other Stats
ENID, OK's 51 lenders originated 913
loans during 2023. The total origination value was $136,115,000, with an average loan value of
$149,085.
ENID's average closing costs are $4,771.
The top ENID lender as defined by loan originations is Gateway First Bank, with
39 loans originated. Their average total fees are
$4,308, which is $408
lower than the next largest lender,
PRIMELENDING, A PLAINSCAPITAL COMPANY.
The lowest fee ENID lenders (with over 10 loans originated) are
BOKF ($3,565), Gateway First Bank ($4,308), PRIMELENDING, A PLAINSCAPITAL COMPANY ($4,716), QUICKEN LOANS, LLC ($7,082) and .
The lowest rate ENID lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.84%), PRIMELENDING, A PLAINSCAPITAL COMPANY (6.96%), Gateway First Bank (6.96%), BOKF (7.38%) and .
ENID, 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 | $15,745,000 | $15,795,000 | 0.3% | 11.6% |
| FINANCIAL CONCEPTS MORTGAGE, LLC | $19,050,000 | $12,950,000 | -32.0% | 9.5% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $15,350,000 | $8,450,000 | -45.0% | 6.2% |
| Mortgage Research Center, LLC | $9,505,000 | $7,890,000 | -17.0% | 5.8% |
| Great Plains National Bank | $4,795,000 | $7,655,000 | 59.6% | 5.6% |
| BOKF | $8,015,000 | $7,225,000 | -9.9% | 5.3% |
| QUICKEN LOANS, LLC | $10,720,000 | $7,120,000 | -33.6% | 5.2% |
| The Security National Bank of Enid | $11,885,000 | $5,870,000 | -50.6% | 4.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,215,000 | $3,910,000 | 221.8% | 2.9% |
| THE BANK OF KREMLIN | $3,585,000 | n/a | 2.6% | |
| NAVY FEDERAL CREDIT UNION | $3,535,000 | $2,945,000 | -16.7% | 2.2% |
| PENNYMAC LOAN SERVICES, LLC | $1,070,000 | $2,520,000 | 135.5% | 1.9% |
| NBKC BANK | $4,655,000 | $2,415,000 | -48.1% | 1.8% |
| InterBank | $3,145,000 | $2,265,000 | -28.0% | 1.7% |
| Stride Bank | $6,505,000 | $2,070,000 | -68.2% | 1.5% |
| American Mortgage & Equity Consultants, Inc. | $2,030,000 | n/a | 1.5% | |
| Tinker Federal Credit Union | $4,065,000 | $2,020,000 | -50.3% | 1.5% |
| USAA Federal Savings Bank | $3,930,000 | $1,940,000 | -50.6% | 1.4% |
| First United Bank and Trust Company | $1,295,000 | $1,715,000 | 32.4% | 1.3% |
| RCB Bank | $335,000 | $1,675,000 | 400.0% | 1.2% |
| 13946 | $1,455,000 | n/a | 1.1% | |
| Arvest Bank | $1,105,000 | $1,445,000 | 30.8% | 1.1% |
| ACB BANK | $1,435,000 | n/a | 1.1% | |
| BancFirst | $1,760,000 | $1,425,000 | -19.0% | 1.0% |
| COMMUNICATION | $1,605,000 | $1,415,000 | -11.8% | 1.0% |
| OPEN MORTGAGE, LLC | $650,000 | $1,025,000 | 57.7% | 0.8% |
| AMERISAVE MORTGAGE CORPORATION | $435,000 | $925,000 | 112.6% | 0.7% |
| GUARANTEED RATE, INC. | $835,000 | $905,000 | 8.4% | 0.7% |
| Paramount Residential Mortgage Group, Inc. | $875,000 | n/a | 0.6% | |
| CORNERSTONE HOME LENDING, INC. | $1,660,000 | $830,000 | -50.0% | 0.6% |
| SOUTHWEST STAGE FUNDING, LLC | $380,000 | $760,000 | 100.0% | 0.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $740,000 | n/a | 0.5% | |
| Armed Forces Bank | $895,000 | $720,000 | -19.6% | 0.5% |
| Simmons Bank | $35,000 | $720,000 | 1,957.1% | 0.5% |
| ANECA Federal Credit Union | $665,000 | n/a | 0.5% | |
| CMG MORTGAGE, INC. | $700,000 | $665,000 | -5.0% | 0.5% |
| Chickasaw Community Bank | $2,465,000 | $640,000 | -74.0% | 0.5% |
| BMO Harris Bank | $605,000 | n/a | 0.4% | |
| U.S. Bank | $1,525,000 | $600,000 | -60.7% | 0.4% |
| Wells Fargo Bank | $1,270,000 | $585,000 | -53.9% | 0.4% |
| ROYAL UNITED MORTGAGE LLC | $425,000 | $555,000 | 30.6% | 0.4% |
| LOANDEPOT.COM, LLC | $1,490,000 | $550,000 | -63.1% | 0.4% |
| 21ST MORTGAGE CORPORATION | $395,000 | $495,000 | 25.3% | 0.4% |
| AmeriHome Mortgage Company, LLC | $465,000 | n/a | 0.3% | |
| AMCAP MORTGAGE, LTD. | $450,000 | n/a | 0.3% | |
| GUARANTY HOME MORTGAGE CORPORATION | $425,000 | n/a | 0.3% | |
| Stifel Bank and Trust | $325,000 | $415,000 | 27.7% | 0.3% |
| Flagstar Bank, FSB | $525,000 | $410,000 | -21.9% | 0.3% |
| Vision Bank | $410,000 | n/a | 0.3% | |
| The Huntington National Bank | $705,000 | $395,000 | -44.0% | 0.3% |
| FLAT BRANCH MORTGAGE, INC. | $390,000 | n/a | 0.3% | |
| United Fidelity Funding Corp. | $375,000 | $390,000 | 4.0% | 0.3% |
| Barrington Bank & Trust Company, N.A. | $530,000 | $380,000 | -28.3% | 0.3% |
| Bank of America | $165,000 | $370,000 | 124.2% | 0.3% |
| KS StateBank | $75,000 | $340,000 | 353.3% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $335,000 | n/a | 0.2% | |
| NBC Oklahoma | $315,000 | n/a | 0.2% | |
| BROKER SOLUTIONS, INC. | $1,080,000 | $310,000 | -71.3% | 0.2% |
| CARDINAL FINANCIAL | $3,325,000 | $310,000 | -90.7% | 0.2% |
| F & M Bank | $815,000 | $305,000 | -62.6% | 0.2% |
| AMERICAN FINANCING CORPORATION | $550,000 | $300,000 | -45.5% | 0.2% |
| Discover Bank | $90,000 | $300,000 | 233.3% | 0.2% |
| ENDEAVOR CAPITAL, LLC. | $300,000 | n/a | 0.2% | |
| NEWREZ LLC | $325,000 | $295,000 | -9.2% | 0.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $165,000 | $250,000 | 51.5% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $350,000 | $235,000 | -32.9% | 0.2% |
| LOANPAL, LLC | $340,000 | $235,000 | -30.9% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,715,000 | $235,000 | -86.3% | 0.2% |
| US MORTGAGE CORPORATION | $235,000 | n/a | 0.2% | |
| VAN DYK MORTGAGE CORPORATION | $225,000 | n/a | 0.2% | |
| Nations Lending Corporation | $215,000 | n/a | 0.2% | |
| TRIAD FINANCIAL SERVICES, INC. | $185,000 | $205,000 | 10.8% | 0.2% |
| Amarillo National Bank | $195,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $125,000 | $195,000 | 56.0% | 0.1% |
| T2 FINANCIAL LLC | $185,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $380,000 | $180,000 | -52.6% | 0.1% |
| Assurance Financial Group, L.L.C. | $175,000 | n/a | 0.1% | |
| Ally Bank | $125,000 | $165,000 | 32.0% | 0.1% |
| THRIVE MORTGAGE, LLC | $165,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $155,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $710,000 | $145,000 | -79.6% | 0.1% |
| MidFirst Bank | $15,000 | $135,000 | 800.0% | 0.1% |
| Sooner State Bank | $180,000 | $135,000 | -25.0% | 0.1% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $125,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $970,000 | $125,000 | -87.1% | 0.1% |
| JPMorgan Chase Bank | $805,000 | $120,000 | -85.1% | 0.1% |
| COMMUNITYAMERICA | $115,000 | n/a | 0.1% | |
| GUILD MORTGAGE COMPANY | $200,000 | $115,000 | -42.5% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $115,000 | n/a | 0.1% | |
| NEW FED MORTGAGE, CORP. | $105,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $105,000 | n/a | 0.1% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $725,000 | $95,000 | -86.9% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $395,000 | $95,000 | -75.9% | 0.1% |
| BETTER MORTGAGE CORPORATION | $460,000 | $85,000 | -81.5% | 0.1% |
| EVERETT FINANCIAL, INC. | $85,000 | n/a | 0.1% | |
| ASSOCIATED MORTGAGE CORPORATION | $810,000 | $75,000 | -90.7% | 0.1% |
| Coastal Community Bank | $75,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $75,000 | n/a | 0.1% | |
| OKLAHOMA'S | $75,000 | n/a | 0.1% | |
| The City National Bank and Trust Company of Lawton | $65,000 | n/a | 0.0% | |
| First Security Bank & Trust Company | $45,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $35,000 | n/a | 0.0% | |
| Fidelity Bank | $25,000 | n/a | 0.0% |
ENID's top lender by overall market share is Gateway First Bank, with 11.6% market share. In second place, with 9.5%, is FINANCIAL CONCEPTS MORTGAGE, LLC, having originated $12,950,000 in loans. In third place, with 6.2%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $8,450,000 in loans. In fourth place, with 5.8%, is Mortgage Research Center, LLC, having originated $7,890,000 in loans. In fifth place, with 5.6%, is Great Plains National Bank, having originated $7,655,000 in loans.
ENID, OK Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 73056 | Enid, OK MSA | $650 | $680 | $840 | $1,120 | $1,310 |
| 73073 | Enid, OK MSA | $700 | $730 | $900 | $1,220 | $1,450 |
| 73701 | Enid, OK MSA | $620 | $640 | $840 | $1,090 | $1,130 |
| 73702 | Enid, OK MSA | $670 | $680 | $900 | $1,170 | $1,210 |
| 73703 | Enid, OK MSA | $730 | $750 | $990 | $1,280 | $1,330 |
| 73705 | Enid, OK MSA | $670 | $680 | $900 | $1,170 | $1,210 |
| 73718 | Enid, OK MSA | $660 | $680 | $890 | $1,150 | $1,200 |
| 73720 | Enid, OK MSA | $650 | $670 | $870 | $1,130 | $1,180 |
| 73727 | Enid, OK MSA | $670 | $680 | $900 | $1,170 | $1,210 |
| 73730 | Enid, OK MSA | $590 | $610 | $800 | $1,030 | $1,070 |
| 73733 | Enid, OK MSA | $610 | $640 | $820 | $1,070 | $1,150 |
| 73735 | Enid, OK MSA | $650 | $670 | $880 | $1,140 | $1,180 |
| 73736 | Enid, OK MSA | $610 | $630 | $830 | $1,070 | $1,110 |
| 73738 | Enid, OK MSA | $590 | $610 | $800 | $1,030 | $1,070 |
| 73739 | Enid, OK MSA | $670 | $680 | $900 | $1,170 | $1,210 |
| 73742 | Enid, OK MSA | $670 | $690 | $900 | $1,170 | $1,310 |
| 73743 | Enid, OK MSA | $670 | $680 | $900 | $1,170 | $1,210 |
| 73753 | Enid, OK MSA | $680 | $700 | $920 | $1,190 | $1,230 |
| 73754 | Enid, OK MSA | $730 | $740 | $980 | $1,270 | $1,320 |
| 73757 | Enid, OK MSA | $590 | $620 | $800 | $1,040 | $1,090 |
| 73761 | Enid, OK MSA | $670 | $680 | $900 | $1,170 | $1,210 |
| 73773 | Enid, OK MSA | $650 | $670 | $880 | $1,140 | $1,180 |
| 74630 | Enid, OK MSA | $590 | $610 | $800 | $1,030 | $1,070 |
| 74640 | Enid, OK MSA | $590 | $610 | $800 | $1,030 | $1,070 |
2022 Average & Median Rent Data Statistics
ENID, OK average 1BR rent: $668, median: $680
ENID, OK average 2BR rent: $873, median: $885
ENID, OK average 3BR rent: $1,134, median: $1,145
ENID, OK Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 697 | $113,245,000 | $162,475 |
| Refi | 66 | $10,280,000 | $155,758 |
| Other | 55 | $3,685,000 | $67,000 |
| Home Improvement | 51 | $2,645,000 | $51,863 |
| Cash Out Refi | 44 | $6,260,000 | $142,273 |
Enid's most frequently cited loan purpose was Home Purchase, with 697 originations. The 2nd most popular reason was Refi, with 66 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 308 | $54,310,000 | $176,331 |
| 7-8% | 197 | $28,685,000 | $145,609 |
| Over 8% | 119 | $11,765,000 | $98,866 |
| 5-6% | 110 | $23,750,000 | $215,909 |
| <2.5% | 47 | $1,245,000 | $26,489 |
| 4-5% | 15 | $1,835,000 | $122,333 |
| 2.5-3% | 5 | $685,000 | $137,000 |
| 3-4% | 1 | $105,000 | $105,000 |
During 2023, Enid's most frequently originated rate bucket was 6-7%, with 308 originations.
Loan Sizing (ENID, OK MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 351 | $17,825,000 | $50,783 |
| $100k-200k | 321 | $46,745,000 | $145,623 |
| $200k-400k | 212 | $57,390,000 | $270,708 |
| $400k-600k | 26 | $11,870,000 | $456,538 |
| $600k-1000k | 3 | $2,285,000 | $761,667 |
ENID's loan sizing saw the bucket of loans from $100,000 or less with 351 originations, totaling $17,825,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 428 | $76,290,000 | $178,248 |
| 60-80% | 146 | $22,140,000 | $151,644 |
| Under 20% | 93 | $1,515,000 | $16,290 |
| Over 100% | 44 | $12,500,000 | $284,091 |
| 20-40% | 41 | $2,325,000 | $56,707 |
| 40-60% | 39 | $5,105,000 | $130,897 |
ENID's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 428 originations, totaling $76,290,000 in origination value.