Okeechobee Mortgage Rates & Closing Costs
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% |
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.).
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.