Muskogee Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Muskogee averaged 6.92% 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 6.65% and one month ago for the week of 2024-10-03, the average rate was 6.35%.

    Muskogee's average rate one year ago was 7.99%.

    For refis of the same type during the week of 2024-11-07, the average rate was 7.29%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Muskogee 30 Year Fixed Rate 2024-11-07 6.92%
    Muskogee 30 Year Fixed Rate Refi 2024-11-07 7.29%
    Muskogee 15 Year Fixed Rate 2024-11-07 5.9%
    Muskogee 15 Year Fixed Rate Refi 2024-11-07 6.3%
    Muskogee 30 Year FHA 2024-11-07 6.22%
    Muskogee 30 Year FHA Refi 2024-11-07 6.53%
    Muskogee 30 Year USDA 2024-11-07 6.48%
    Muskogee 30 Year USDA Refi 2024-11-07 6.58%
    Muskogee 30 Year VA 2024-11-07 6.32%
    Muskogee 30 Year VA Refi 2024-11-07 6.34%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Muskogee, OK.

    Muskogee 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 Muskogee, 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
    American Bank of Oklahoma 21 6.57% $5,217
    Firstar Bank 18 6.49% $3,298
    QUICKEN LOANS, LLC 17 7.16% $6,434
    Arvest Bank 16 6.94% $3,734
    AXIA FINANCIAL, LLC 15 7.11% $6,893
    BancFirst 15 6.82% $4,480
    FLAT BRANCH MORTGAGE, INC. 14 6.58% $3,917
    BOKF 9 6.72% $4,863
    Armstrong Bank 6 6.38% $5,195
    TTCU Federal Credit Union 5 6.43% $3,366
    First United Bank and Trust Company 5 7.05% $7,340
    Wells Fargo Bank 4 6.97% $5,674
    ASSOCIATED MORTGAGE CORPORATION 4 6.59% $4,827
    UNION HOME MORTGAGE CORP. 3 7.79% $6,585
    Tulsa Federal Credit Union 3 7.50% $3,164
    Mortgage Investment Services Corporation 2 6.81% $8,762
    CORNERSTONE HOME LENDING, INC. 2 6.68% $5,986
    OPEN MORTGAGE, LLC 2 7.06% $6,031
    Farm Credit Mid-America, ACA 2 7.31% $6,192
    Bank of America 2 6.81% $5,425
    The Central Trust Bank 2 6.13% $5,904
    The First National Bank of Fort Smith 2 6.39% $1,337
    GENEVA FINANCIAL, LLC 2 6.69% $4,222
    UNITED 2 6.00% $3,472
    United Fidelity Funding Corp. 2 6.62% $5,092
    UNITED WHOLESALE MORTGAGE, LLC 2 6.99% $5,875
    Waterstone Mortgage Corporation 2 7.38% $7,447
    LOANDEPOT.COM, LLC 2 6.75% $5,917
    Mabrey Bank 2 7.75% $2,759
    Mortgage Research Center, LLC 2 7.44% $4,631
    NEWREZ LLC 1 6.13% $5,591
    BMO Harris Bank 1 6.38% $3,546
    Chickasaw Community Bank 1 6.13% $9,019
    CHURCHILL MORTGAGE CORPORATION 1 7.38% $3,401
    Citizens Bank 1 7.25% $4,301
    Community Mortgage Banc Corporation 1 7.63% $5,666
    Deere Employees Credit Union 1 5.50% $5,563
    FBC MORTGAGE, LLC 1 6.99% $3,758
    FREEDOM MORTGAGE CORPORATION 1 7.88% $5,714
    GEORGIA'S OWN 1 6.38% $3,738
    GUILD MORTGAGE COMPANY 1 7.50% $7,980
    JPMorgan Chase Bank 1 7.38% $4,351
    MORTGAGE CLEARING CORPORATION 1 6.88% $3,311
    M&T Bank 1 7.13% $6,026
    NAVY FEDERAL CREDIT UNION 1 8.38% $1,397
    21ST MORTGAGE CORPORATION 1 9.00% $6,526
    PENNYMAC LOAN SERVICES, LLC 1 6.38% $10,444
    Raymond James Bank 1 5.13% $2,313
    RCB Bank 1 5.61% $3,553
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.49% $16,111
    Stride Bank 1 7.75% $4,496
    TJC Mortgage, Inc. 1 7.13% $12,289
    Union Savings Bank 1 6.25% $2,839
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.25% $7,237
    ZILLOW HOME LOANS, LLC 1 7.13% $3,487

    Muskogee Average Closing Costs & Other Stats

    Muskogee, OK's 55 lenders originated 943 loans during 2023. The total origination value was $141,415,000, with an average loan value of $149,963.

    Muskogee's average closing costs are $4,913.

    The top Muskogee lender as defined by loan originations is American Bank of Oklahoma, with 21 loans originated. Their average total fees are $5,217, which is $1,919 higher than the next largest lender, Firstar Bank.

    The lowest fee Muskogee lenders (with over 10 loans originated) are Firstar Bank ($3,298), Arvest Bank ($3,734), FLAT BRANCH MORTGAGE, INC. ($3,917), BancFirst ($4,480) and American Bank of Oklahoma ($5,217).

    The lowest rate Muskogee lenders (with over 10 loans originated) are Firstar Bank (6.49%), American Bank of Oklahoma (6.57%), FLAT BRANCH MORTGAGE, INC. (6.58%), BancFirst (6.82%) and Arvest Bank (6.94%).

    Muskogee, 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
    American Bank of Oklahoma $28,320,000 $19,985,000 -29.4% 14.1%
    AXIA FINANCIAL, LLC $10,420,000 n/a 7.4%
    BancFirst $12,855,000 $9,665,000 -24.8% 6.8%
    QUICKEN LOANS, LLC $9,720,000 $9,110,000 -6.3% 6.4%
    Firstar Bank $15,380,000 $8,750,000 -43.1% 6.2%
    Arvest Bank $8,530,000 $7,260,000 -14.9% 5.1%
    Armstrong Bank $12,015,000 $6,795,000 -43.4% 4.8%
    FLAT BRANCH MORTGAGE, INC. $5,225,000 $6,620,000 26.7% 4.7%
    Mortgage Research Center, LLC $5,405,000 $5,750,000 6.4% 4.1%
    BOKF $5,395,000 $4,045,000 -25.0% 2.9%
    First United Bank and Trust Company $1,915,000 $3,385,000 76.8% 2.4%
    ASSOCIATED MORTGAGE CORPORATION $2,210,000 $2,475,000 12.0% 1.8%
    Mabrey Bank $4,030,000 $2,405,000 -40.3% 1.7%
    21ST MORTGAGE CORPORATION $1,040,000 $1,765,000 69.7% 1.2%
    OPEN MORTGAGE, LLC $1,805,000 $1,625,000 -10.0% 1.1%
    NAVY FEDERAL CREDIT UNION $680,000 $1,400,000 105.9% 1.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $1,055,000 $1,290,000 22.3% 0.9%
    UNITED WHOLESALE MORTGAGE, LLC $1,320,000 $1,210,000 -8.3% 0.9%
    FREEDOM MORTGAGE CORPORATION $2,755,000 $1,190,000 -56.8% 0.8%
    UNION HOME MORTGAGE CORP. $1,120,000 n/a 0.8%
    Chickasaw Community Bank $1,490,000 $1,060,000 -28.9% 0.7%
    United Fidelity Funding Corp. $2,935,000 $1,025,000 -65.1% 0.7%
    TTCU Federal Credit Union $1,285,000 $1,005,000 -21.8% 0.7%
    Wells Fargo Bank $170,000 $975,000 473.5% 0.7%
    First Oklahoma Bank $410,000 $930,000 126.8% 0.7%
    USAA Federal Savings Bank $440,000 $900,000 104.5% 0.6%
    GUILD MORTGAGE COMPANY $1,420,000 $825,000 -41.9% 0.6%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $565,000 $810,000 43.4% 0.6%
    CORNERSTONE HOME LENDING, INC. $570,000 $755,000 32.5% 0.5%
    NEW DAY FINANCIAL, LLC $1,195,000 $735,000 -38.5% 0.5%
    SECURITYNATIONAL MORTGAGE COMPANY $725,000 n/a 0.5%
    GUARANTEED RATE, INC. $185,000 $690,000 273.0% 0.5%
    FBC MORTGAGE, LLC $19,820,000 $685,000 -96.5% 0.5%
    NEWREZ LLC $400,000 $665,000 66.3% 0.5%
    The Central Trust Bank $75,000 $665,000 786.7% 0.5%
    Farm Credit Mid-America, ACA $575,000 n/a 0.4%
    Mortgage Investment Services Corporation $930,000 $570,000 -38.7% 0.4%
    The First National Bank of Fort Smith $295,000 $570,000 93.2% 0.4%
    Community Mortgage Banc Corporation $555,000 n/a 0.4%
    Gateway First Bank $1,930,000 $550,000 -71.5% 0.4%
    Waterstone Mortgage Corporation $600,000 $550,000 -8.3% 0.4%
    TRIAD FINANCIAL SERVICES, INC. $1,065,000 $535,000 -49.8% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $745,000 $530,000 -28.9% 0.4%
    LOANPAL, LLC $520,000 n/a 0.4%
    AMERICAN PACIFIC MORTGAGE CORPORATION $335,000 $500,000 49.3% 0.4%
    Bank of America $280,000 $490,000 75.0% 0.3%
    COMMUNITY BANK $485,000 n/a 0.3%
    Tulsa Federal Credit Union $280,000 $480,000 71.4% 0.3%
    RCB Bank $470,000 n/a 0.3%
    COMMUNICATION $500,000 $455,000 -9.0% 0.3%
    US MORTGAGE CORPORATION $1,550,000 $435,000 -71.9% 0.3%
    CARDINAL FINANCIAL $165,000 $430,000 160.6% 0.3%
    AMCAP MORTGAGE, LTD. $425,000 n/a 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $250,000 $420,000 68.0% 0.3%
    AMERICAN FINANCIAL RESOURCES, INC. $155,000 $405,000 161.3% 0.3%
    EVERETT FINANCIAL, INC. $220,000 $400,000 81.8% 0.3%
    Stride Bank $400,000 n/a 0.3%
    BROKER SOLUTIONS, INC. $1,190,000 $395,000 -66.8% 0.3%
    TJC Mortgage, Inc. $390,000 n/a 0.3%
    BMO Harris Bank $385,000 n/a 0.3%
    VILLAGE CAPITAL MORTGAGE $635,000 $385,000 -39.4% 0.3%
    FIRST AMERICAN MORTGAGE, INC. $335,000 n/a 0.2%
    SOUTHWEST STAGE FUNDING, LLC $575,000 $335,000 -41.7% 0.2%
    Simmons Bank $90,000 $325,000 261.1% 0.2%
    UNITED $470,000 $320,000 -31.9% 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $1,245,000 $300,000 -75.9% 0.2%
    Great Plains National Bank $290,000 $300,000 3.4% 0.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $295,000 n/a 0.2%
    UNITED BUILT HOMES, L.L.C. $620,000 $285,000 -54.0% 0.2%
    LOANDEPOT.COM, LLC $2,750,000 $280,000 -89.8% 0.2%
    Carrington Mortgage Services, LLC $380,000 $255,000 -32.9% 0.2%
    Raymond James Bank $245,000 n/a 0.2%
    The Federal Savings Bank $295,000 $245,000 -16.9% 0.2%
    Traditions Bank $240,000 n/a 0.2%
    MidFirst Bank $235,000 n/a 0.2%
    M&T Bank $235,000 n/a 0.2%
    PENNYMAC LOAN SERVICES, LLC $1,365,000 $235,000 -82.8% 0.2%
    TruHome Solutions, LLC $235,000 n/a 0.2%
    Union Savings Bank $235,000 n/a 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $145,000 $225,000 55.2% 0.2%
    FINANCIAL CONCEPTS MORTGAGE, LLC $220,000 n/a 0.2%
    Citizens Bank $190,000 $215,000 13.2% 0.2%
    Plains Commerce Bank $215,000 n/a 0.2%
    Prosperity Bank $1,195,000 $205,000 -82.8% 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $200,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $140,000 $195,000 39.3% 0.1%
    AMERISAVE MORTGAGE CORPORATION $1,995,000 $185,000 -90.7% 0.1%
    MORTGAGE CLEARING CORPORATION $470,000 $185,000 -60.6% 0.1%
    SUMMIT FUNDING, INC. $185,000 n/a 0.1%
    GENEVA FINANCIAL, LLC $180,000 n/a 0.1%
    Grand Bank $180,000 n/a 0.1%
    Discover Bank $285,000 $175,000 -38.6% 0.1%
    MID AMERICA MORTGAGE, INC. $1,210,000 $175,000 -85.5% 0.1%
    PLAZA HOME MORTGAGE, INC. $790,000 $175,000 -77.8% 0.1%
    Tinker Federal Credit Union $205,000 $165,000 -19.5% 0.1%
    Figure Lending LLC $80,000 $160,000 100.0% 0.1%
    AMERICAN EXCHANGE BANK $150,000 n/a 0.1%
    CALCON MUTUAL MORTGAGE LLC $145,000 n/a 0.1%
    ENDEAVOR CAPITAL, LLC. $145,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $130,000 $145,000 11.5% 0.1%
    CONTOUR MORTGAGE CORPORATION $135,000 n/a 0.1%
    Nations Lending Corporation $135,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $125,000 $115,000 -8.0% 0.1%
    GEORGIA'S OWN $115,000 n/a 0.1%
    JPMorgan Chase Bank $500,000 $115,000 -77.0% 0.1%
    ZILLOW HOME LOANS, LLC $115,000 n/a 0.1%
    LAKEVIEW LOAN SERVICING, LLC $850,000 $105,000 -87.6% 0.1%
    U.S. Bank $105,000 n/a 0.1%
    Deere Employees Credit Union $95,000 n/a 0.1%
    Regent Bank $85,000 $95,000 11.8% 0.1%
    American National Bank & Trust $85,000 n/a 0.1%
    Security Bank $75,000 n/a 0.1%
    CIS Financial Services, Inc. $55,000 n/a 0.0%
    YNB $55,000 n/a 0.0%
    The First National Bank and Trust Company of Okmulgee $45,000 $35,000 -22.2% 0.0%
    OKLAHOMA CENTRAL Credit Union $245,000 $25,000 -89.8% 0.0%
    Coastal Community Bank $15,000 n/a 0.0%

    Muskogee's top lender by overall market share is American Bank of Oklahoma, with 14.1% market share. In second place, with 7.4%, is AXIA FINANCIAL, LLC, having originated $10,420,000 in loans. In third place, with 6.8%, is BancFirst, having originated $9,665,000 in loans. In fourth place, with 6.4%, is QUICKEN LOANS, LLC, having originated $9,110,000 in loans. In fifth place, with 6.2%, is Firstar Bank, having originated $8,750,000 in loans.

    Muskogee, OK Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 604 $104,430,000 $172,897
    Home Improvement 101 $6,385,000 $63,218
    Refi 96 $15,490,000 $161,354
    Cash Out Refi 86 $12,580,000 $146,279
    Other 56 $2,530,000 $45,179

    Muskogee's most frequently cited loan purpose was Home Purchase, with 604 originations. The 2nd most popular reason was Home Improvement, with 101 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 348 $61,140,000 $175,690
    7-8% 239 $34,955,000 $146,255
    Over 8% 205 $17,155,000 $83,683
    5-6% 126 $25,220,000 $200,159
    4-5% 6 $580,000 $96,667
    <2.5% 2 $10,000 $5,000
    2.5-3% 2 $110,000 $55,000

    During 2023, Muskogee's most frequently originated rate bucket was 6-7%, with 348 originations.

    Loan Sizing (Muskogee, OK MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 375 $55,255,000 $147,347
    $100,000 or less 350 $19,890,000 $56,829
    $200k-400k 188 $50,620,000 $269,255
    $400k-600k 25 $11,255,000 $450,200
    $600k-1000k 4 $2,940,000 $735,000
    $Over $1MM 1 $1,455,000 $1,455,000

    Muskogee's loan sizing saw the bucket of loans from $100k-200k with 375 originations, totaling $55,255,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 491 $87,875,000 $178,971
    60-80% 171 $27,135,000 $158,684
    40-60% 92 $12,440,000 $135,217
    20-40% 85 $6,325,000 $74,412
    Under 20% 76 $2,470,000 $32,500
    Over 100% 11 $2,355,000 $214,091

    Muskogee's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 491 originations, totaling $87,875,000 in origination value.