Okeechobee Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Okeechobee averaged 6.91% for the week of 2025-05-08, compared to the national average of 6.76% for the same period.

The average rate for the prior week (2025-05-01) was 6.91% and one month ago for the week of 2025-04-03, the average rate was 6.99%.

Okeechobee's average rate one year ago was 7.77%.

For refis of the same type during the week of 2025-05-08, the average rate was 6.66%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-05-08 6.76%
Okeechobee 30 Year Fixed Rate 2025-05-08 6.91%
Okeechobee 30 Year Fixed Rate Refi 2025-05-08 6.66%
Okeechobee 15 Year Fixed Rate 2025-05-08 5.69%
Okeechobee 15 Year Fixed Rate Refi 2025-05-08 6.19%
Okeechobee 30 Year FHA 2025-05-08 6.73%
Okeechobee 30 Year FHA Refi 2025-05-08 6.48%
Okeechobee 30 Year USDA 2025-05-08 6.57%
Okeechobee 30 Year USDA Refi 2025-05-08 6.47%
Okeechobee 30 Year VA 2025-05-08 6.57%
Okeechobee 30 Year VA Refi 2025-05-08 6.57%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Okeechobee, FL.

Okeechobee 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 Okeechobee, FL 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
UNITED WHOLESALE MORTGAGE, LLC 20 6.99% $7,641
South State Bank 19 7.05% $6,153
QUICKEN LOANS, LLC 18 6.63% $9,416
LOANDEPOT.COM, LLC 9 7.02% $5,693
CROSSCOUNTRY MORTGAGE, LLC 8 6.92% $7,434
GENEVA FINANCIAL, LLC 8 7.30% $6,302
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.89% $6,928
MIDFLORIDA 6 6.46% $4,310
21ST MORTGAGE CORPORATION 5 8.75% $6,602
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 6.94% $8,652
A&D Mortgage LLC 5 7.67% $12,788
PLANET HOME LENDING, LLC 4 6.66% $5,812
Seacoast National Bank 3 7.13% $9,114
PENNYMAC LOAN SERVICES, LLC 3 6.79% $7,887
METROPLEX MORTGAGE SERVICES, INC. 3 6.25% $5,982
ACOPIA, LLC 2 6.43% $7,300
JPMorgan Chase Bank 2 7.06% $8,327
PNC Bank 2 6.69% $4,151
The Loan Store, Inc. 2 7.12% $13,620
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 7.56% $6,654
THE MORTGAGE FIRM, INC. 2 7.00% $5,075
Flagstar Bank, FSB 2 7.56% $6,084
RBC Bank, (Georgia) 1 5.63% $3,190
SPACE COAST Credit Union 1 6.75% $475
STOCKTON MORTGAGE CORPORATION 1 6.63% $7,504
Suncoast Credit Union 1 5.50% $3,659
TD Bank 1 7.00% $4,900
The Northern Trust Company 1 6.63% $12,401
TJC Mortgage, Inc. 1 7.63% $5,883
Truist 1 7.10% $3,274
UNION HOME MORTGAGE CORP. 1 7.38% $6,989
UNITED MORTGAGE CORP 1 7.50% $11,112
VAN DYK MORTGAGE CORPORATION 1 6.50% $4,310
ZILLOW HOME LOANS, LLC 1 7.13% $5,945
AgFirst Farm Credit Bank 1 7.88% $8,208
AMERICAN FINANCIAL NETWORK, INC. 1 7.63% $4,824
AMERICAN FINANCIAL RESOURCES, INC. 1 5.99% $5,669
ARC HOME LLC 1 7.50% $9,743
Bank of America 1 6.88% $0
BAYSHORE MORTGAGE FUNDING, LLC 1 6.63% $4,714
Bell Bank 1 5.38% $7,423
Discover Bank 1 7.27% $0
EVERETT FINANCIAL, INC. 1 7.13% $7,253
First Horizon Bank 1 6.50% $5,564
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.99% $5,215
HOMEXPRESS MORTGAGE CORP. 1 9.38% $13,429
ITHINK FINANCIAL Credit Union 1 7.00% $3,095
MICHIGAN MUTUAL, INC. 1 7.63% $6,163
MOVEMENT MORTGAGE, LLC 1 6.38% $9,375
NMSI, INC. 1 9.50% $10,501
Plains Commerce Bank 1 6.50% $5,171
PREMIA MORTGAGE, LLC 1 5.99% $1,440
Presidential Bank, FSB 1 6.13% $10,220
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.99% $5,963
PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.00% $11,556

Okeechobee Average Closing Costs & Other Stats

Okeechobee, FL's 55 lenders originated 638 loans during 2024. The total origination value was $139,770,000, with an average loan value of $219,075.

Okeechobee's average closing costs are $6,900.

The top Okeechobee lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 20 loans originated. Their average total fees are $7,641, which is $1,488 higher than the next largest lender, South State Bank.

The lowest fee Okeechobee lenders (with over 10 loans originated) are South State Bank ($6,153), UNITED WHOLESALE MORTGAGE, LLC ($7,641), QUICKEN LOANS, LLC ($9,416), .

The lowest rate Okeechobee lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.63%), UNITED WHOLESALE MORTGAGE, LLC (6.99%), South State Bank (7.05%), .

Okeechobee, FL 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
UNITED WHOLESALE MORTGAGE, LLC $16,950,000 $19,400,000 14.5% 13.9%
QUICKEN LOANS, LLC $7,355,000 $9,590,000 30.4% 6.9%
MIDFLORIDA $3,385,000 $6,375,000 88.3% 4.6%
South State Bank $6,380,000 $6,275,000 -1.6% 4.5%
CROSSCOUNTRY MORTGAGE, LLC $2,310,000 $5,310,000 129.9% 3.8%
LOANDEPOT.COM, LLC $6,280,000 $4,670,000 -25.6% 3.3%
21ST MORTGAGE CORPORATION $4,465,000 $4,455,000 -0.2% 3.2%
Mortgage Research Center, LLC $1,785,000 $4,200,000 135.3% 3.0%
METROPLEX MORTGAGE SERVICES, INC. $3,570,000 $3,265,000 -8.5% 2.3%
FREEDOM MORTGAGE CORPORATION $2,785,000 $3,205,000 15.1% 2.3%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $750,000 $3,165,000 322.0% 2.3%
Seacoast National Bank $3,615,000 $2,775,000 -23.2% 2.0%
GENEVA FINANCIAL, LLC $4,975,000 $2,575,000 -48.2% 1.8%
PENNYMAC LOAN SERVICES, LLC $1,015,000 $2,110,000 107.9% 1.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,850,000 $2,070,000 11.9% 1.5%
PNC Bank $1,840,000 $1,925,000 4.6% 1.4%
The Northern Trust Company $1,735,000 n/a 1.2%
The Loan Store, Inc. $1,685,000 n/a 1.2%
A&D Mortgage LLC $1,545,000 n/a 1.1%
VILLAGE CAPITAL MORTGAGE $720,000 $1,520,000 111.1% 1.1%
SOUTHWEST STAGE FUNDING, LLC $790,000 $1,505,000 90.5% 1.1%
THE MORTGAGE FIRM, INC. $335,000 $1,440,000 329.9% 1.0%
LEADERONE FINANCIAL CORPORATION $590,000 $1,435,000 143.2% 1.0%
Equity Prime Mortgage LLC $1,230,000 n/a 0.9%
EVERETT FINANCIAL, INC. $1,280,000 $1,120,000 -12.5% 0.8%
GUARANTEED RATE AFFINITY, LLC $590,000 $980,000 66.1% 0.7%
NEWREZ LLC $1,085,000 $905,000 -16.6% 0.6%
PLANET HOME LENDING, LLC $105,000 $895,000 752.4% 0.6%
TRIAD FINANCIAL SERVICES, INC. $2,045,000 $890,000 -56.5% 0.6%
BROKER SOLUTIONS, INC. $550,000 $865,000 57.3% 0.6%
TOWNE MORTGAGE COMPANY $675,000 $840,000 24.4% 0.6%
Plains Commerce Bank $835,000 n/a 0.6%
Bank of America $1,185,000 $800,000 -32.5% 0.6%
Carrington Mortgage Services, LLC $1,350,000 $735,000 -45.6% 0.5%
Flagstar Bank, FSB $940,000 $735,000 -21.8% 0.5%
ACOPIA, LLC $2,625,000 $730,000 -72.2% 0.5%
GUILD MORTGAGE COMPANY $730,000 n/a 0.5%
UNITED MORTGAGE CORP $730,000 n/a 0.5%
HOMEBRIDGE FINANCIAL SERVICES, INC. $725,000 n/a 0.5%
MOVEMENT MORTGAGE, LLC $595,000 $725,000 21.8% 0.5%
AMERICAN FINANCIAL RESOURCES, INC. $945,000 $705,000 -25.4% 0.5%
MID AMERICA MORTGAGE, INC. $1,210,000 $645,000 -46.7% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $690,000 $645,000 -6.5% 0.5%
PROVIDENT FUNDING ASSOCIATES, L.P. $315,000 $620,000 96.8% 0.4%
PREMIA MORTGAGE, LLC $355,000 $615,000 73.2% 0.4%
NAVY FEDERAL CREDIT UNION $1,640,000 $600,000 -63.4% 0.4%
VANDERBILT MORTGAGE AND FINANCE, INC. $560,000 n/a 0.4%
CMG MORTGAGE, INC. $555,000 n/a 0.4%
GERSHMAN INVESTMENT CORP. $545,000 n/a 0.4%
MICHIGAN MUTUAL, INC. $520,000 $515,000 -1.0% 0.4%
1ST SIGNATURE LENDING, LLC $480,000 $505,000 5.2% 0.4%
AMERICAN PACIFIC MORTGAGE CORPORATION $345,000 $505,000 46.4% 0.4%
Citizens Bank $460,000 $505,000 9.8% 0.4%
SUN WEST MORTGAGE COMPANY, INC. $660,000 $505,000 -23.5% 0.4%
Coastal Community Bank $100,000 $470,000 370.0% 0.3%
Northpointe Bank $655,000 $455,000 -30.5% 0.3%
Capital City Home Loans, LLC $435,000 n/a 0.3%
Merchants Mortgage & Trust Corporation $430,000 n/a 0.3%
Suncoast Credit Union $145,000 $430,000 196.6% 0.3%
Bell Bank $805,000 $415,000 -48.4% 0.3%
AMERICAN FINANCIAL NETWORK, INC. $430,000 $405,000 -5.8% 0.3%
Centennial Bank $405,000 n/a 0.3%
Discover Bank $225,000 $405,000 80.0% 0.3%
AgFirst Farm Credit Bank $395,000 n/a 0.3%
ENVOY MORTGAGE, LTD $225,000 $395,000 75.6% 0.3%
First Federal Bank $390,000 n/a 0.3%
ITHINK FINANCIAL Credit Union $335,000 $390,000 16.4% 0.3%
CASTLE & COOKE MORTGAGE, LLC $380,000 n/a 0.3%
Figure Lending LLC $80,000 $380,000 375.0% 0.3%
JPMorgan Chase Bank $4,935,000 $370,000 -92.5% 0.3%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $165,000 $350,000 112.1% 0.3%
NEW DAY FINANCIAL, LLC $530,000 $350,000 -34.0% 0.3%
ALKAN MORTGAGE CORPORATION $345,000 n/a 0.2%
AMERICAN BANCSHARES MORTGAGE $255,000 $345,000 35.3% 0.2%
Citadel Servicing Corporation $345,000 n/a 0.2%
BAYSHORE MORTGAGE FUNDING, LLC $340,000 n/a 0.2%
STOCKTON MORTGAGE CORPORATION $270,000 $340,000 25.9% 0.2%
EMM LOANS LLC $1,005,000 $320,000 -68.2% 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $285,000 $320,000 12.3% 0.2%
TD Bank $320,000 n/a 0.2%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $315,000 n/a 0.2%
ANGEL OAK MORTGAGE SOLUTIONS LLC $365,000 $315,000 -13.7% 0.2%
RF Renovo Management Company, LLC $840,000 $300,000 -64.3% 0.2%
HOMEXPRESS MORTGAGE CORP. $295,000 $295,000 0.0% 0.2%
SWBC MORTGAGE CORPORATION $585,000 $295,000 -49.6% 0.2%
HOMESIDE FINANCIAL, LLC $360,000 $290,000 -19.4% 0.2%
DG PINNACLE FUNDING LLC $285,000 n/a 0.2%
First Horizon Bank $270,000 n/a 0.2%
Cornerstone First Mortgage, Inc $265,000 n/a 0.2%
NMSI, INC. $265,000 n/a 0.2%
Paramount Residential Mortgage Group, Inc. $740,000 $265,000 -64.2% 0.2%
INTERNATIONAL CITY MORTGAGE, INC. $260,000 n/a 0.2%
DIRECT MORTGAGE LOANS, LLC $255,000 n/a 0.2%
Logan Finance Corporation $255,000 n/a 0.2%
USAA Federal Savings Bank $235,000 $255,000 8.5% 0.2%
Presidential Bank, FSB $245,000 n/a 0.2%
ZILLOW HOME LOANS, LLC $245,000 n/a 0.2%
ARC HOME LLC $155,000 $235,000 51.6% 0.2%
TJC Mortgage, Inc. $235,000 n/a 0.2%
SPACE COAST Credit Union $990,000 $230,000 -76.8% 0.2%
City National Bank of Florida $225,000 n/a 0.2%
LOANPAL, LLC $125,000 $220,000 76.0% 0.2%
ABSOLUTE HOME MORTGAGE CORPORATION $580,000 $215,000 -62.9% 0.2%
LAKEVIEW LOAN SERVICING, LLC $1,090,000 $215,000 -80.3% 0.2%
LIMA ONE CAPITAL, LLC $215,000 n/a 0.2%
Truist $1,000,000 $205,000 -79.5% 0.1%
RBC Bank, (Georgia) $195,000 n/a 0.1%
UNION HOME MORTGAGE CORP. $115,000 $195,000 69.6% 0.1%
GUARANTEED RATE, INC. $275,000 $185,000 -32.7% 0.1%
HomeTrust Bank $155,000 n/a 0.1%
Wells Fargo Bank $830,000 $155,000 -81.3% 0.1%
CARDINAL FINANCIAL $1,010,000 $145,000 -85.6% 0.1%
LENDINGHOME FUNDING CORPORATION $155,000 $145,000 -6.5% 0.1%
Prosperity Home Mortgage, LLC $145,000 n/a 0.1%
FirstBank $135,000 n/a 0.1%
DOMINION FINANCIAL SERVICES, LLC $125,000 n/a 0.1%
First Bank $430,000 $125,000 -70.9% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $660,000 $125,000 -81.1% 0.1%
First American Bank $105,000 $105,000 0.0% 0.1%
VELOCITY COMMUNITY Federal Credit Union $105,000 n/a 0.1%
GOLD COAST FEDERAL CREDIT UNION $75,000 n/a 0.1%
VAN DYK MORTGAGE CORPORATION $75,000 n/a 0.1%
First National Bank of America $65,000 n/a 0.0%
AMERISAVE MORTGAGE CORPORATION $545,000 $55,000 -89.9% 0.0%
Baxter Credit Union $25,000 n/a 0.0%
Regions Bank $900,000 $25,000 -97.2% 0.0%

Okeechobee's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 13.9% market share. In second place, with 6.9%, is QUICKEN LOANS, LLC, having originated $9,590,000 in loans. In third place, with 4.6%, is MIDFLORIDA, having originated $6,375,000 in loans. In fourth place, with 4.5%, is South State Bank, having originated $6,275,000 in loans. In fifth place, with 3.8%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $5,310,000 in loans.

Okeechobee, FL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 419 $102,515,000 $244,666
Cash Out Refi 74 $15,150,000 $204,730
Refi 58 $14,210,000 $245,000
Home Improvement 46 $4,090,000 $88,913
Other 41 $3,805,000 $92,805

Okeechobee's most frequently cited loan purpose was Home Purchase, with 419 originations. The 2nd most popular reason was Cash Out Refi, with 74 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 260 $64,470,000 $247,962
7-8% 132 $30,610,000 $231,894
Over 8% 123 $17,075,000 $138,821
5-6% 83 $22,565,000 $271,867
4-5% 20 $4,560,000 $228,000
<2.5% 18 $260,000 $14,444

During 2024, Okeechobee's most frequently originated rate bucket was 6-7%, with 260 originations.

Loan Sizing (Okeechobee, FL MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 275 $74,445,000 $270,709
$100k-200k 188 $28,050,000 $149,202
$100,000 or less 113 $5,815,000 $51,460
$400k-600k 56 $26,470,000 $472,679
$600k-1000k 5 $3,255,000 $651,000
$Over $1MM 1 $1,735,000 $1,735,000

Okeechobee's loan sizing saw the bucket of loans from $200k-400k with 275 originations, totaling $74,445,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 293 $79,985,000 $272,986
60-80% 113 $28,045,000 $248,186
Under 20% 78 $3,700,000 $47,436
40-60% 69 $12,085,000 $175,145
20-40% 57 $7,195,000 $126,228
Over 100% 15 $5,025,000 $335,000

Okeechobee's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 293 originations, totaling $79,985,000 in origination value.