Miami Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Miami averaged
7.06%
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
6.89% and
one month ago for the week of 2025-05-15, the
average rate was 7.06%.
Miami's average rate one year ago was 7%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.41%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Miami 30 Year Fixed Rate | 2025-06-18 | 7.06% |
| Miami 30 Year Fixed Rate Refi | 2025-06-18 | 7.41% |
| Miami 15 Year Fixed Rate | 2025-06-18 | 6.16% |
| Miami 15 Year Fixed Rate Refi | 2025-06-18 | 6.46% |
| Miami 30 Year FHA | 2025-06-18 | 0.1% |
| Miami 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Miami 30 Year USDA | 2025-06-18 | 0% |
| Miami 30 Year USDA Refi | 2025-06-18 | -0.2% |
| Miami 30 Year VA | 2025-06-18 | 0% |
| Miami 30 Year VA Refi | 2025-06-18 | 0.1% |
Miami 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 Miami, 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.).
Miami Average Closing Costs & Other Stats
Miami, OK's 34 lenders originated 370
loans during 2024. The total origination value was $52,290,000, with an average loan value of
$141,324.
Miami's average closing costs are $4,834.
The top Miami lender as defined by loan originations is Arvest Bank, with
33 loans originated. Their average total fees are
$4,522, which is $464
higher than the next largest lender,
FLAT BRANCH MORTGAGE, INC..
The lowest fee Miami lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. ($4,058), Arvest Bank ($4,522), .
The lowest rate Miami lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. (6.77%), Arvest Bank (6.87%), .
Miami, 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 |
|---|---|---|---|---|
| Arvest Bank | $10,825,000 | $9,910,000 | -8.5% | 19.0% |
| FLAT BRANCH MORTGAGE, INC. | $5,745,000 | $4,920,000 | -14.4% | 9.4% |
| QUICKEN LOANS, LLC | $1,790,000 | $3,345,000 | 86.9% | 6.4% |
| Grand Savings Bank | $1,110,000 | $1,865,000 | 68.0% | 3.6% |
| Stride Bank | $1,610,000 | n/a | 3.1% | |
| Mortgage Investment Services Corporation | $490,000 | $1,305,000 | 166.3% | 2.5% |
| V.I.P. MORTGAGE, INC. | $1,220,000 | n/a | 2.3% | |
| RCB Bank | $380,000 | $1,120,000 | 194.7% | 2.1% |
| BancFirst | $1,140,000 | $1,110,000 | -2.6% | 2.1% |
| TTCU Federal Credit Union | $515,000 | $1,095,000 | 112.6% | 2.1% |
| Flagstar Bank, FSB | $740,000 | $1,030,000 | 39.2% | 2.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $330,000 | $900,000 | 172.7% | 1.7% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,030,000 | $875,000 | -15.0% | 1.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $505,000 | $810,000 | 60.4% | 1.5% |
| 21ST MORTGAGE CORPORATION | $460,000 | $795,000 | 72.8% | 1.5% |
| Century Mortgage Company DBA Century Lending Company | $790,000 | n/a | 1.5% | |
| NEW DAY FINANCIAL, LLC | $225,000 | $745,000 | 231.1% | 1.4% |
| LOANDEPOT.COM, LLC | $1,060,000 | $740,000 | -30.2% | 1.4% |
| Mortgage Research Center, LLC | $2,045,000 | $720,000 | -64.8% | 1.4% |
| International Bank of Commerce | $300,000 | $705,000 | 135.0% | 1.3% |
| TOWNE MORTGAGE COMPANY | $865,000 | $680,000 | -21.4% | 1.3% |
| MLD MORTGAGE INC. | $605,000 | n/a | 1.2% | |
| BOKF | $460,000 | $600,000 | 30.4% | 1.1% |
| VILLAGE CAPITAL MORTGAGE | $570,000 | n/a | 1.1% | |
| NAVY FEDERAL CREDIT UNION | $140,000 | $510,000 | 264.3% | 1.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $810,000 | $500,000 | -38.3% | 1.0% |
| People's Bank of Seneca | $980,000 | $485,000 | -50.5% | 0.9% |
| Gateway First Bank | $460,000 | n/a | 0.9% | |
| ASSOCIATED MORTGAGE CORPORATION | $65,000 | $440,000 | 576.9% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $700,000 | $415,000 | -40.7% | 0.8% |
| Mid America Bank | $395,000 | n/a | 0.8% | |
| Community Bank and Trust | $120,000 | $385,000 | 220.8% | 0.7% |
| American Mortgage Bank, LLC | $365,000 | n/a | 0.7% | |
| GUILD MORTGAGE COMPANY | $345,000 | n/a | 0.7% | |
| GENEVA FINANCIAL, LLC | $350,000 | $335,000 | -4.3% | 0.6% |
| TRIAD FINANCIAL SERVICES, INC. | $335,000 | n/a | 0.6% | |
| HOMESIDE FINANCIAL, LLC | $315,000 | n/a | 0.6% | |
| Bank of America | $185,000 | $310,000 | 67.6% | 0.6% |
| UNITED BUILT HOMES, L.L.C. | $295,000 | n/a | 0.6% | |
| USAA Federal Savings Bank | $295,000 | n/a | 0.6% | |
| FREEDOM MORTGAGE CORPORATION | $290,000 | n/a | 0.6% | |
| Farm Credit Mid-America, ACA | $530,000 | $275,000 | -48.1% | 0.5% |
| Southwest Missouri Bank | $370,000 | $275,000 | -25.7% | 0.5% |
| ZILLOW HOME LOANS, LLC | $135,000 | $250,000 | 85.2% | 0.5% |
| American Mortgage & Equity Consultants, Inc. | $235,000 | n/a | 0.4% | |
| First Oklahoma Bank | $225,000 | n/a | 0.4% | |
| ROYAL UNITED MORTGAGE LLC | $45,000 | $225,000 | 400.0% | 0.4% |
| GoPrime Mortgage, Inc. | $215,000 | n/a | 0.4% | |
| Mid-Missouri Bank | $215,000 | n/a | 0.4% | |
| Peoples National Bank of Kewanee | $195,000 | n/a | 0.4% | |
| SOUTHWEST STAGE FUNDING, LLC | $195,000 | n/a | 0.4% | |
| JPMorgan Chase Bank | $305,000 | $190,000 | -37.7% | 0.4% |
| Old Missouri Bank | $190,000 | n/a | 0.4% | |
| Chickasaw Community Bank | $910,000 | $185,000 | -79.7% | 0.4% |
| Centennial Bank | $175,000 | n/a | 0.3% | |
| Nations Lending Corporation | $175,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $380,000 | $170,000 | -55.3% | 0.3% |
| Figure Lending LLC | $25,000 | $170,000 | 580.0% | 0.3% |
| FINANCE OF AMERICA REVERSE LLC | $170,000 | n/a | 0.3% | |
| COUNTRYPLACE MORTGAGE, LTD. | $165,000 | n/a | 0.3% | |
| Great Plains National Bank | $165,000 | n/a | 0.3% | |
| Tulsa Federal Credit Union | $165,000 | n/a | 0.3% | |
| Mr. Cooper ( Nationstar Mortgage ) | $160,000 | n/a | 0.3% | |
| Barrington Bank & Trust Company, N.A. | $155,000 | n/a | 0.3% | |
| CARDINAL FINANCIAL | $155,000 | n/a | 0.3% | |
| SENTE MORTGAGE, INC. | $155,000 | n/a | 0.3% | |
| Discover Bank | $145,000 | n/a | 0.3% | |
| Oakstar Bank | $145,000 | n/a | 0.3% | |
| Oklahoma Educators Credit Union | $145,000 | n/a | 0.3% | |
| U.S. Bank | $65,000 | $145,000 | 123.1% | 0.3% |
| US MORTGAGE CORPORATION | $165,000 | $145,000 | -12.1% | 0.3% |
| First Community Bank | $390,000 | $125,000 | -67.9% | 0.2% |
| First United Bank and Trust Company | $135,000 | $115,000 | -14.8% | 0.2% |
| AMERICAN FINANCING CORPORATION | $105,000 | n/a | 0.2% | |
| Waterstone Mortgage Corporation | $365,000 | $105,000 | -71.2% | 0.2% |
| BROKER SOLUTIONS, INC. | $625,000 | $95,000 | -84.8% | 0.2% |
| NEW FED MORTGAGE, CORP. | $95,000 | n/a | 0.2% | |
| Great Southern Bank | $75,000 | $85,000 | 13.3% | 0.2% |
| LOANPAL, LLC | $320,000 | $85,000 | -73.4% | 0.2% |
| The Central Trust Bank | $465,000 | $85,000 | -81.7% | 0.2% |
| Midwest Mortgage Associates Corporation | $75,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $185,000 | $75,000 | -59.5% | 0.1% |
| Royal Credit Union | $75,000 | n/a | 0.1% | |
| TIB The Independent Bankersbank | $105,000 | $75,000 | -28.6% | 0.1% |
| Wells Fargo Bank | $65,000 | n/a | 0.1% | |
| Firstar Bank | $55,000 | n/a | 0.1% | |
| Landmark National Bank | $55,000 | n/a | 0.1% | |
| Coastal Community Bank | $70,000 | $35,000 | -50.0% | 0.1% |
| Regent Bank | $25,000 | n/a | 0.0% | |
| UNITED | $25,000 | n/a | 0.0% |
Miami's top lender by overall market share is Arvest Bank, with 19.0% market share. In second place, with 9.4%, is FLAT BRANCH MORTGAGE, INC., having originated $4,920,000 in loans. In third place, with 6.4%, is QUICKEN LOANS, LLC, having originated $3,345,000 in loans. In fourth place, with 3.6%, is Grand Savings Bank, having originated $1,865,000 in loans. In fifth place, with 3.1%, is Stride Bank, having originated $1,610,000 in loans.
Miami, OK Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 235 | $35,965,000 | $153,043 |
| Cash Out Refi | 50 | $7,160,000 | $143,200 |
| Home Improvement | 30 | $2,070,000 | $69,000 |
| Refi | 29 | $5,455,000 | $188,103 |
| Other | 26 | $1,640,000 | $63,077 |
Miami's most frequently cited loan purpose was Home Purchase, with 235 originations. The 2nd most popular reason was Cash Out Refi, with 50 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 152 | $22,490,000 | $147,961 |
| 7-8% | 76 | $11,450,000 | $150,658 |
| Over 8% | 69 | $5,935,000 | $86,014 |
| 5-6% | 42 | $7,400,000 | $176,190 |
| 4-5% | 2 | $380,000 | $190,000 |
During 2024, Miami's most frequently originated rate bucket was 6-7%, with 152 originations.
Loan Sizing (Miami, OK MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 158 | $22,670,000 | $143,481 |
| $100,000 or less | 139 | $8,505,000 | $61,187 |
| $200k-400k | 68 | $18,180,000 | $267,353 |
| $600k-1000k | 3 | $2,055,000 | $685,000 |
| $400k-600k | 2 | $880,000 | $440,000 |
Miami's loan sizing saw the bucket of loans from $100k-200k with 158 originations, totaling $22,670,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 192 | $31,550,000 | $164,323 |
| 60-80% | 54 | $7,600,000 | $140,741 |
| 40-60% | 37 | $4,435,000 | $119,865 |
| 20-40% | 32 | $1,970,000 | $61,563 |
| Under 20% | 18 | $650,000 | $36,111 |
| Over 100% | 6 | $880,000 | $146,667 |
Miami's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 192 originations, totaling $31,550,000 in origination value.