Guymon Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Guymon averaged
6.59%
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
6.72% and
one month ago for the week of 2024-10-03, the
average rate was 6.22%.
Guymon's average rate one year ago was 7.66%.
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% |
| Guymon 30 Year Fixed Rate | 2024-11-07 | 6.59% |
| Guymon 30 Year Fixed Rate Refi | 2024-11-07 | 6.89% |
| Guymon 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Guymon 15 Year Fixed Rate Refi | 2024-11-07 | 6.6% |
| Guymon 30 Year FHA | 2024-11-07 | 6.63% |
| Guymon 30 Year FHA Refi | 2024-11-07 | 6.53% |
| Guymon 30 Year USDA | 2024-11-07 | 6.58% |
| Guymon 30 Year USDA Refi | 2024-11-07 | 6.48% |
| Guymon 30 Year VA | 2024-11-07 | 6.54% |
| Guymon 30 Year VA Refi | 2024-11-07 | 6.44% |
Guymon 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 Guymon, 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 |
|---|---|---|---|
| Equity Bank | 28 | 6.63% | $3,652 |
| QUICKEN LOANS, LLC | 13 | 6.90% | $6,811 |
| FLAT BRANCH MORTGAGE, INC. | 7 | 6.78% | $5,545 |
| ASSOCIATED MORTGAGE CORPORATION | 2 | 6.69% | $3,778 |
| CMG MORTGAGE, INC. | 2 | 6.50% | $7,889 |
| Centennial Bank | 2 | 7.13% | $3,474 |
| JPMorgan Chase Bank | 2 | 6.37% | $5,038 |
| OKLAHOMA'S | 1 | 6.38% | $1,787 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 7.25% | $7,251 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.25% | $5,892 |
| Wells Fargo Bank | 1 | 6.50% | $6,071 |
| Barrington Bank & Trust Company, N.A. | 1 | 7.25% | $4,014 |
| Citizens Bank | 1 | 7.00% | $7,988 |
| F & M Bank | 1 | 7.00% | $3,313 |
| Gateway First Bank | 1 | 5.75% | $7,421 |
| GERSHMAN INVESTMENT CORP. | 1 | 7.13% | $3,690 |
| Nations Lending Corporation | 1 | 7.13% | $8,919 |
Guymon Average Closing Costs & Other Stats
Guymon, OK's 17 lenders originated 199
loans during 2023. The total origination value was $31,575,000, with an average loan value of
$158,668.
Guymon's average closing costs are $5,997.
The top Guymon lender as defined by loan originations is Equity Bank, with
28 loans originated. Their average total fees are
$3,652, which is $3,158
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Guymon lenders (with over 10 loans originated) are
Equity Bank ($3,652), QUICKEN LOANS, LLC ($6,811), .
The lowest rate Guymon lenders (with over 10 loans originated) are
Equity Bank (6.63%), QUICKEN LOANS, LLC (6.90%), .
Guymon, 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 |
|---|---|---|---|---|
| Equity Bank | $8,515,000 | $11,395,000 | 33.8% | 36.1% |
| QUICKEN LOANS, LLC | $3,170,000 | $3,630,000 | 14.5% | 11.5% |
| American Nation Bank | $2,655,000 | n/a | 8.4% | |
| FLAT BRANCH MORTGAGE, INC. | $3,455,000 | $2,140,000 | -38.1% | 6.8% |
| CMG MORTGAGE, INC. | $5,560,000 | $2,120,000 | -61.9% | 6.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $990,000 | $1,420,000 | 43.4% | 4.5% |
| Paramount Residential Mortgage Group, Inc. | $1,410,000 | n/a | 4.5% | |
| Wells Fargo Bank | $700,000 | $705,000 | 0.7% | 2.2% |
| Mortgage Research Center, LLC | $595,000 | $640,000 | 7.6% | 2.0% |
| NEWREZ LLC | $555,000 | n/a | 1.8% | |
| Centennial Bank | $470,000 | n/a | 1.5% | |
| F & M Bank | $2,665,000 | $435,000 | -83.7% | 1.4% |
| JPMorgan Chase Bank | $235,000 | $370,000 | 57.4% | 1.2% |
| ASSOCIATED MORTGAGE CORPORATION | $185,000 | $320,000 | 73.0% | 1.0% |
| LAKEVIEW LOAN SERVICING, LLC | $295,000 | n/a | 0.9% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $140,000 | $240,000 | 71.4% | 0.8% |
| Gateway First Bank | $235,000 | n/a | 0.7% | |
| Nations Lending Corporation | $220,000 | n/a | 0.7% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $205,000 | $205,000 | 0.0% | 0.6% |
| 21ST MORTGAGE CORPORATION | $540,000 | $195,000 | -63.9% | 0.6% |
| The Federal Savings Bank | $195,000 | n/a | 0.6% | |
| Town Square Mortgage & Investments, Inc. | $195,000 | n/a | 0.6% | |
| NAVY FEDERAL CREDIT UNION | $185,000 | n/a | 0.6% | |
| THRIVENT Federal Credit Union | $185,000 | n/a | 0.6% | |
| Citizens Bank | $55,000 | $175,000 | 218.2% | 0.6% |
| FINANCIAL CONCEPTS MORTGAGE, LLC | $175,000 | n/a | 0.6% | |
| GERSHMAN INVESTMENT CORP. | $165,000 | n/a | 0.5% | |
| OKLAHOMA'S | $125,000 | n/a | 0.4% | |
| PREMIER LENDING, INC. | $105,000 | n/a | 0.3% | |
| SOUTHWEST STAGE FUNDING, LLC | $105,000 | n/a | 0.3% | |
| Barrington Bank & Trust Company, N.A. | $95,000 | n/a | 0.3% | |
| Bank of America | $170,000 | $85,000 | -50.0% | 0.3% |
| FINANCE OF AMERICA REVERSE LLC | $45,000 | n/a | 0.1% | |
| Coastal Community Bank | $35,000 | n/a | 0.1% | |
| Fidelity Bank | $25,000 | n/a | 0.1% | |
| Figure Lending LLC | $25,000 | n/a | 0.1% |
Guymon's top lender by overall market share is Equity Bank, with 36.1% market share. In second place, with 11.5%, is QUICKEN LOANS, LLC, having originated $3,630,000 in loans. In third place, with 8.4%, is American Nation Bank, having originated $2,655,000 in loans. In fourth place, with 6.8%, is FLAT BRANCH MORTGAGE, INC., having originated $2,140,000 in loans. In fifth place, with 6.7%, is CMG MORTGAGE, INC., having originated $2,120,000 in loans.
Guymon, OK Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 144 | $26,540,000 | $184,306 |
| Refi | 19 | $2,035,000 | $107,105 |
| Cash Out Refi | 16 | $2,010,000 | $125,625 |
| Home Improvement | 14 | $740,000 | $52,857 |
| Other | 6 | $250,000 | $41,667 |
Guymon's most frequently cited loan purpose was Home Purchase, with 144 originations. The 2nd most popular reason was Refi, with 19 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 79 | $13,605,000 | $172,215 |
| Over 8% | 50 | $4,720,000 | $94,400 |
| 7-8% | 34 | $5,620,000 | $165,294 |
| 5-6% | 22 | $4,380,000 | $199,091 |
| <2.5% | 10 | $510,000 | $51,000 |
| 4-5% | 3 | $85,000 | $28,333 |
During 2023, Guymon's most frequently originated rate bucket was 6-7%, with 79 originations.
Loan Sizing (Guymon, OK MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 105 | $15,895,000 | $151,381 |
| $100,000 or less | 58 | $3,310,000 | $57,069 |
| $200k-400k | 30 | $7,360,000 | $245,333 |
| $400k-600k | 4 | $1,730,000 | $432,500 |
| $600k-1000k | 1 | $625,000 | $625,000 |
| $Over $1MM | 1 | $2,655,000 | $2,655,000 |
Guymon's loan sizing saw the bucket of loans from $100k-200k with 105 originations, totaling $15,895,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 111 | $19,475,000 | $175,450 |
| 60-80% | 31 | $4,795,000 | $154,677 |
| 20-40% | 21 | $1,695,000 | $80,714 |
| Under 20% | 18 | $880,000 | $48,889 |
| 40-60% | 15 | $1,475,000 | $98,333 |
| Over 100% | 2 | $600,000 | $300,000 |
Guymon's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 111 originations, totaling $19,475,000 in origination value.