Okeechobee Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Okeechobee averaged
7.48%
for the week of 2023-11-30, compared to the national average of
7.22% for the same period.
The average rate for the prior week (2023-11-22) was
7.35% and
one month ago for the week of 2023-10-26, the
average rate was 7.95%.
Okeechobee's average rate one year ago was 6.84%.
For refis of the same type during the week of 2023-11-30, the average rate
was 7.52%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-11-30 | 7.22% |
| Okeechobee 30 Year Fixed Rate | 2023-11-30 | 7.48% |
| Okeechobee 30 Year Fixed Rate Refi | 2023-11-30 | 7.52% |
| Okeechobee 15 Year Fixed Rate | 2023-11-30 | 6.76% |
| Okeechobee 15 Year Fixed Rate Refi | 2023-11-30 | 7.16% |
| Okeechobee 30 Year FHA | 2023-11-30 | 6.65% |
| Okeechobee 30 Year FHA Refi | 2023-11-30 | 7.15% |
| Okeechobee 30 Year USDA | 2023-11-30 | 7% |
| Okeechobee 30 Year USDA Refi | 2023-11-30 | 6.8% |
| Okeechobee 30 Year VA | 2023-11-30 | 6.97% |
| Okeechobee 30 Year VA Refi | 2023-11-30 | 6.87% |
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 84 lenders originated 729
loans during 2022. The total origination value was $148,295,000, with an average loan value of
$203,422.
Okeechobee's average closing costs are $6,115.
The top Okeechobee lender as defined by loan originations is South State Bank, with
33 loans originated. Their average total fees are
$4,890, which is $2,968
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Okeechobee lenders (with over 10 loans originated) are
South State Bank ($4,890), LOANDEPOT.COM, LLC ($6,130), QUICKEN LOANS, LLC ($7,859), UNITED WHOLESALE MORTGAGE, LLC ($8,450) and .
The lowest rate Okeechobee lenders (with over 10 loans originated) are
South State Bank (4.71%), QUICKEN LOANS, LLC (5.00%), LOANDEPOT.COM, LLC (5.22%), UNITED WHOLESALE MORTGAGE, LLC (5.96%) and .
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $7,115,000 | $11,800,000 | 65.8% | 8.0% |
| South State Bank | $14,170,000 | $11,210,000 | -20.9% | 7.6% |
| QUICKEN LOANS, LLC | $16,470,000 | $10,605,000 | -35.6% | 7.2% |
| LOANDEPOT.COM, LLC | $21,220,000 | $8,620,000 | -59.4% | 5.8% |
| MIDFLORIDA | $7,510,000 | $5,880,000 | -21.7% | 4.0% |
| PNC Bank | $2,105,000 | $4,555,000 | 116.4% | 3.1% |
| Mortgage Research Center, LLC | $2,130,000 | $3,920,000 | 84.0% | 2.6% |
| 21ST MORTGAGE CORPORATION | $4,895,000 | $3,795,000 | -22.5% | 2.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,435,000 | $3,730,000 | 8.6% | 2.5% |
| CALIBER HOME LOANS, INC. | $5,210,000 | $3,070,000 | -41.1% | 2.1% |
| Seacoast National Bank | $4,575,000 | $2,975,000 | -35.0% | 2.0% |
| HOME POINT FINANCIAL CORPORATION | $3,855,000 | $2,630,000 | -31.8% | 1.8% |
| Wells Fargo Bank | $1,695,000 | $2,210,000 | 30.4% | 1.5% |
| EVERETT FINANCIAL, INC. | $965,000 | $1,980,000 | 105.2% | 1.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,930,000 | $1,975,000 | -32.6% | 1.3% |
| Flagstar Bank, FSB | $1,940,000 | $1,970,000 | 1.5% | 1.3% |
| BROKER SOLUTIONS, INC. | $1,710,000 | $1,920,000 | 12.3% | 1.3% |
| FREEDOM MORTGAGE CORPORATION | $4,770,000 | $1,855,000 | -61.1% | 1.3% |
| Paramount Residential Mortgage Group, Inc. | $1,045,000 | $1,820,000 | 74.2% | 1.2% |
| SUCCESS MORTGAGE PARTNERS, INC. | $1,570,000 | n/a | 1.1% | |
| GENEVA FINANCIAL, LLC | $1,870,000 | $1,550,000 | -17.1% | 1.0% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $860,000 | $1,545,000 | 79.7% | 1.0% |
| Nations Lending Corporation | $605,000 | $1,530,000 | 152.9% | 1.0% |
| METROPLEX MORTGAGE SERVICES, INC. | $3,175,000 | $1,495,000 | -52.9% | 1.0% |
| AgFirst Farm Credit Bank | $600,000 | $1,365,000 | 127.5% | 0.9% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $3,450,000 | $1,305,000 | -62.2% | 0.9% |
| ACOPIA, LLC | $355,000 | $1,300,000 | 266.2% | 0.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,230,000 | $1,285,000 | 4.5% | 0.9% |
| Bank of America | $1,455,000 | $1,270,000 | -12.7% | 0.9% |
| EMBRACE HOME LOANS, INC. | $850,000 | $1,235,000 | 45.3% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $650,000 | $1,235,000 | 90.0% | 0.8% |
| The Northern Trust Company | $1,355,000 | $1,225,000 | -9.6% | 0.8% |
| THE MORTGAGE FIRM, INC. | $935,000 | $1,100,000 | 17.6% | 0.7% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,480,000 | $950,000 | -35.8% | 0.6% |
| LAKEVIEW LOAN SERVICING, LLC | $840,000 | $940,000 | 11.9% | 0.6% |
| First-Citizens Bank & Trust Company | $925,000 | n/a | 0.6% | |
| Truist | $1,100,000 | $870,000 | -20.9% | 0.6% |
| SWBC MORTGAGE CORPORATION | $585,000 | $825,000 | 41.0% | 0.6% |
| GUARANTEED RATE, INC. | $645,000 | $810,000 | 25.6% | 0.5% |
| TRIAD FINANCIAL SERVICES, INC. | $435,000 | $785,000 | 80.5% | 0.5% |
| Citizens Bank | $640,000 | $770,000 | 20.3% | 0.5% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $740,000 | n/a | 0.5% | |
| SOUTHWEST FUNDING, LP | $740,000 | n/a | 0.5% | |
| CHURCHILL MORTGAGE CORPORATION | $245,000 | $735,000 | 200.0% | 0.5% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $155,000 | $720,000 | 364.5% | 0.5% |
| 1ST SIGNATURE LENDING, LLC | $430,000 | $715,000 | 66.3% | 0.5% |
| First Guaranty Mortgage Corporation | $1,175,000 | $660,000 | -43.8% | 0.4% |
| MID AMERICA MORTGAGE, INC. | $330,000 | $635,000 | 92.4% | 0.4% |
| FAY SERVICING, LLC | $630,000 | n/a | 0.4% | |
| The Federal Savings Bank | $610,000 | n/a | 0.4% | |
| First Bank | $595,000 | n/a | 0.4% | |
| AMERISAVE MORTGAGE CORPORATION | $1,570,000 | $585,000 | -62.7% | 0.4% |
| CMG MORTGAGE, INC. | $235,000 | $580,000 | 146.8% | 0.4% |
| HOMESIDE FINANCIAL, LLC | $525,000 | $575,000 | 9.5% | 0.4% |
| LENDINGHOME FUNDING CORPORATION | $505,000 | $570,000 | 12.9% | 0.4% |
| Northwest Bank | $565,000 | n/a | 0.4% | |
| Regions Bank | $715,000 | $540,000 | -24.5% | 0.4% |
| Mortgage Lenders Investment Trading Corporation | $310,000 | $525,000 | 69.4% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $2,125,000 | $525,000 | -75.3% | 0.4% |
| MOVEMENT MORTGAGE, LLC | $930,000 | $515,000 | -44.6% | 0.3% |
| TOTAL MORTGAGE SERVICES, LLC | $500,000 | n/a | 0.3% | |
| Security First Bank of North Dakota | $495,000 | n/a | 0.3% | |
| RELIANCE FIRST CAPITAL, LLC | $390,000 | $490,000 | 25.6% | 0.3% |
| Hometown Equity Mortgage, LLC | $285,000 | $480,000 | 68.4% | 0.3% |
| Equity Prime Mortgage LLC | $480,000 | $470,000 | -2.1% | 0.3% |
| INTERSTATE HOME LOAN CENTER, INC. | $455,000 | n/a | 0.3% | |
| LOANPAL, LLC | $260,000 | $450,000 | 73.1% | 0.3% |
| CIVIC FINANCIAL SERVICES, LLC | $440,000 | n/a | 0.3% | |
| PLAZA HOME MORTGAGE, INC. | $165,000 | $425,000 | 157.6% | 0.3% |
| COUNTRYPLACE MORTGAGE, LTD. | $310,000 | $420,000 | 35.5% | 0.3% |
| PLANET HOME LENDING, LLC | $1,195,000 | $410,000 | -65.7% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,705,000 | $395,000 | -76.8% | 0.3% |
| EMM LOANS LLC | $655,000 | $395,000 | -39.7% | 0.3% |
| AMERICAN BANCSHARES MORTGAGE, LLC | $385,000 | n/a | 0.3% | |
| AMCAP MORTGAGE, LTD. | $430,000 | $380,000 | -11.6% | 0.3% |
| First Federal Bank | $420,000 | $375,000 | -10.7% | 0.3% |
| Bell Bank | $370,000 | n/a | 0.2% | |
| HOMEXPRESS MORTGAGE CORP. | $370,000 | n/a | 0.2% | |
| ITHINK FINANCIAL Credit Union | $370,000 | n/a | 0.2% | |
| First Horizon Bank | $365,000 | n/a | 0.2% | |
| BETTER MORTGAGE CORPORATION | $390,000 | $360,000 | -7.7% | 0.2% |
| JPMorgan Chase Bank | $775,000 | $360,000 | -53.5% | 0.2% |
| DELMAR FINANCIAL COMPANY | $355,000 | n/a | 0.2% | |
| AMERICAN ADVISORS GROUP | $300,000 | $350,000 | 16.7% | 0.2% |
| Carrington Mortgage Services, LLC | $1,740,000 | $345,000 | -80.2% | 0.2% |
| NP, Inc. | $335,000 | n/a | 0.2% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,765,000 | $335,000 | -81.0% | 0.2% |
| The Central Trust Bank | $325,000 | n/a | 0.2% | |
| American Mortgage & Equity Consultants, Inc. | $315,000 | n/a | 0.2% | |
| Barrington Bank & Trust Company, N.A. | $245,000 | $305,000 | 24.5% | 0.2% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $550,000 | $295,000 | -46.4% | 0.2% |
| Heartland National Bank | $285,000 | n/a | 0.2% | |
| AMERICAN FINANCING CORPORATION | $65,000 | $280,000 | 330.8% | 0.2% |
| ALLIED MORTGAGE GROUP, INC. | $275,000 | n/a | 0.2% | |
| INLAND BANK & TRUST | $275,000 | n/a | 0.2% | |
| NATIONS DIRECT MORTGAGE, LLC | $275,000 | n/a | 0.2% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $275,000 | n/a | 0.2% | |
| ACADEMY MORTGAGE CORPORATION | $1,270,000 | $265,000 | -79.1% | 0.2% |
| GUILD MORTGAGE COMPANY | $275,000 | $265,000 | -3.6% | 0.2% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $265,000 | n/a | 0.2% | |
| Luxury Mortgage Corp. | $265,000 | n/a | 0.2% | |
| Pacific Lending LLC | $265,000 | n/a | 0.2% | |
| ROYAL UNITED MORTGAGE LLC | $210,000 | $260,000 | 23.8% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $255,000 | n/a | 0.2% | |
| Pinnacle Bank | $255,000 | n/a | 0.2% | |
| SILVER HILL FUNDING, LLC | $250,000 | n/a | 0.2% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $245,000 | n/a | 0.2% | |
| East Coast Capital Corp. | $235,000 | n/a | 0.2% | |
| AMERIFIRST FINANCIAL CORPORATION | $295,000 | $225,000 | -23.7% | 0.2% |
| Financial Freedom Mortgage, LLC | $225,000 | n/a | 0.2% | |
| OCMBC, INC. | $195,000 | $225,000 | 15.4% | 0.2% |
| Suncoast Credit Union | $470,000 | $225,000 | -52.1% | 0.2% |
| PREMIA MORTGAGE, LLC | $215,000 | n/a | 0.1% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $205,000 | n/a | 0.1% | |
| J. VIRGIL, INC. | $205,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $205,000 | n/a | 0.1% | |
| NFM, INC. | $205,000 | n/a | 0.1% | |
| Waterstone Mortgage Corporation | $205,000 | n/a | 0.1% | |
| WATSON MORTGAGE CORP. | $205,000 | n/a | 0.1% | |
| FINANCE OF AMERICA MORTGAGE LLC | $195,000 | n/a | 0.1% | |
| STOCKTON MORTGAGE CORPORATION | $195,000 | n/a | 0.1% | |
| FAIRWINDS CREDIT UNION | $185,000 | n/a | 0.1% | |
| GSF Mortgage Corporation | $165,000 | $185,000 | 12.1% | 0.1% |
| Prosperity Home Mortgage, LLC | $430,000 | $185,000 | -57.0% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $125,000 | $175,000 | 40.0% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $175,000 | n/a | 0.1% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $235,000 | $165,000 | -29.8% | 0.1% |
| FLORIDA | $165,000 | n/a | 0.1% | |
| GERSHMAN INVESTMENT CORP. | $165,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $95,000 | $165,000 | 73.7% | 0.1% |
| Plains Commerce Bank | $165,000 | n/a | 0.1% | |
| Quontic Bank | $165,000 | n/a | 0.1% | |
| RESIDENTIAL BANCORP. | $165,000 | n/a | 0.1% | |
| RADIUS FINANCIAL GROUP INC. | $155,000 | n/a | 0.1% | |
| River Bank & Trust | $155,000 | n/a | 0.1% | |
| University Bank | $155,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $235,000 | $155,000 | -34.0% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,585,000 | $145,000 | -90.9% | 0.1% |
| AmeriHome Mortgage Company, LLC | $175,000 | $135,000 | -22.9% | 0.1% |
| FirstBank | $135,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $255,000 | $125,000 | -51.0% | 0.1% |
| GTE Federal Credit Union | $115,000 | n/a | 0.1% | |
| NEWREZ LLC | $1,245,000 | $115,000 | -90.8% | 0.1% |
| VAN DYK MORTGAGE CORPORATION | $115,000 | n/a | 0.1% | |
| NTFN, INC. | $1,075,000 | $105,000 | -90.2% | 0.1% |
| Synovus Bank | $105,000 | n/a | 0.1% | |
| U.S. Bank | $1,080,000 | $105,000 | -90.3% | 0.1% |
| AmRes Corporation | $885,000 | $85,000 | -90.4% | 0.1% |
| Lakeview Community Capital, LLC | $175,000 | $55,000 | -68.6% | 0.0% |
| Figure Lending LLC | $35,000 | n/a | 0.0% | |
| FIRST FLORIDA Credit Union | $25,000 | n/a | 0.0% |
Okeechobee's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 8.0% market share. In second place, with 7.6%, is South State Bank, having originated $11,210,000 in loans. In third place, with 7.2%, is QUICKEN LOANS, LLC, having originated $10,605,000 in loans. In fourth place, with 5.8%, is LOANDEPOT.COM, LLC, having originated $8,620,000 in loans. In fifth place, with 4.0%, is MIDFLORIDA, having originated $5,880,000 in loans.
Okeechobee, FL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 451 | $104,385,000 | $231,452 |
| Cash Out Refi | 128 | $24,870,000 | $194,297 |
| Refi | 76 | $10,880,000 | $143,158 |
| Home Improvement | 40 | $3,390,000 | $84,750 |
| Other | 34 | $4,770,000 | $140,294 |
Okeechobee's most frequently cited loan purpose was Home Purchase, with 451 originations. The 2nd most popular reason was Cash Out Refi, with 128 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 191 | $40,925,000 | $214,267 |
| 4-5% | 169 | $37,415,000 | $221,391 |
| 3-4% | 148 | $29,240,000 | $197,568 |
| 6-7% | 103 | $22,215,000 | $215,680 |
| 7-8% | 40 | $6,550,000 | $163,750 |
| Over 8% | 28 | $3,860,000 | $137,857 |
| 2.5-3% | 28 | $5,130,000 | $183,214 |
| <2.5% | 19 | $1,585,000 | $83,421 |
During 2022, Okeechobee's most frequently originated rate bucket was 5-6%, with 191 originations.
Loan Sizing (Okeechobee, FL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 290 | $44,650,000 | $153,966 |
| $200k-400k | 276 | $73,910,000 | $267,790 |
| $100,000 or less | 125 | $7,955,000 | $63,640 |
| $400k-600k | 28 | $13,170,000 | $470,357 |
| $600k-1000k | 8 | $5,510,000 | $688,750 |
| $Over $1MM | 2 | $3,100,000 | $1,550,000 |
Okeechobee's loan sizing saw the bucket of loans from $100k-200k with 290 originations, totaling $44,650,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 361 | $86,835,000 | $240,540 |
| 60-80% | 166 | $36,420,000 | $219,398 |
| 40-60% | 80 | $11,980,000 | $149,750 |
| 20-40% | 65 | $6,605,000 | $101,615 |
| Under 20% | 42 | $2,410,000 | $57,381 |
| Over 100% | 9 | $2,115,000 | $235,000 |
Okeechobee's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 361 originations, totaling $86,835,000 in origination value.