Ponca City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Ponca City averaged
6.49%
for the week of 2023-03-23, compared to the national average of
6.42% for the same period.
The average rate for the prior week (2023-03-16) was
6.67% and
one month ago for the week of 2023-02-16, the
average rate was 6.39%.
Ponca City's average rate one year ago was 3.7%.
For refis of the same type during the week of 2023-03-23, the average rate
was 6.58%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-23 | 6.42% |
Ponca City 30 Year Fixed Rate | 2023-03-23 | 6.49% |
Ponca City 30 Year Fixed Rate Refi | 2023-03-23 | 6.58% |
Ponca City 15 Year Fixed Rate | 2023-03-23 | 7.32% |
Ponca City 15 Year Fixed Rate Refi | 2023-03-23 | 6.84% |
Ponca City 30 Year FHA | 2023-03-23 | 6.3% |
Ponca City 30 Year FHA Refi | 2023-03-23 | 6.38% |
Ponca City 30 Year USDA | 2023-03-23 | 6.6% |
Ponca City 30 Year VA | 2023-03-23 | 6.45% |
Ponca City 30 Year VA Refi | 2023-03-23 | 5.82% |
Ponca City 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 Ponca City, 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.).
Ponca City Average Closing Costs & Other Stats
Ponca City, OK's 52 lenders originated 848
loans during 2022. The total origination value was $109,970,000, with an average loan value of
$129,682.
Ponca City's average closing costs are $4,938.
The top Ponca City lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
47 loans originated. Their average total fees are
$4,036, which is $559
lower than the next largest lender,
RCB Bank.
The lowest fee Ponca City lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. ($4,036), RCB Bank ($4,595), BancFirst ($4,829), F & M Bank ($5,108) and Equity Bank ($5,498).
The lowest rate Ponca City lenders (with over 10 loans originated) are
Equity Bank (4.85%), QUICKEN LOANS, LLC (4.86%), RCB Bank (4.90%), FLAT BRANCH MORTGAGE, INC. (4.96%) and F & M Bank (5.20%).
Ponca City, 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
FLAT BRANCH MORTGAGE, INC. | $15,475,000 | $15,595,000 | 0.8% | 14.2% |
First National Bank Of Oklahoma | $8,850,000 | $11,870,000 | 34.1% | 10.8% |
RCB Bank | $12,100,000 | $10,120,000 | -16.4% | 9.2% |
Equity Bank | $6,080,000 | $9,810,000 | 61.3% | 8.9% |
QUICKEN LOANS, LLC | $9,935,000 | $6,640,000 | -33.2% | 6.0% |
Community National Bank & Trust | $4,240,000 | $4,670,000 | 10.1% | 4.2% |
BancFirst | $2,940,000 | $4,485,000 | 52.6% | 4.1% |
Mortgage Research Center, LLC | $2,585,000 | $3,460,000 | 33.8% | 3.1% |
F & M Bank | $4,010,000 | $3,200,000 | -20.2% | 2.9% |
United Fidelity Funding Corp. | $4,505,000 | $2,895,000 | -35.7% | 2.6% |
CORNERSTONE HOME LENDING, INC. | $3,330,000 | $2,110,000 | -36.6% | 1.9% |
FirstBank | $85,000 | $2,005,000 | 2,258.8% | 1.8% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $4,360,000 | $1,755,000 | -59.7% | 1.6% |
Wells Fargo Bank | $1,805,000 | $1,620,000 | -10.2% | 1.5% |
NAVY FEDERAL CREDIT UNION | $695,000 | $1,375,000 | 97.8% | 1.3% |
Great Plains National Bank | $315,000 | $1,360,000 | 331.7% | 1.2% |
LOANDEPOT.COM, LLC | $1,530,000 | $1,285,000 | -16.0% | 1.2% |
UNITED WHOLESALE MORTGAGE, LLC | $1,015,000 | $1,265,000 | 24.6% | 1.2% |
MID AMERICA MORTGAGE, INC. | $470,000 | $1,030,000 | 119.1% | 0.9% |
Mr. Cooper ( Nationstar Mortgage ) | $1,175,000 | $855,000 | -27.2% | 0.8% |
OPEN MORTGAGE, LLC | $1,040,000 | $835,000 | -19.7% | 0.8% |
NEW DAY FINANCIAL, LLC | $210,000 | $825,000 | 292.9% | 0.8% |
MORTGAGE CLEARING CORPORATION | $535,000 | $745,000 | 39.3% | 0.7% |
CROSSCOUNTRY MORTGAGE, LLC | $145,000 | $740,000 | 410.3% | 0.7% |
CALIBER HOME LOANS, INC. | $440,000 | $665,000 | 51.1% | 0.6% |
First United Bank and Trust Company | $1,245,000 | $640,000 | -48.6% | 0.6% |
Truity Federal Credit Union | $150,000 | $635,000 | 323.3% | 0.6% |
PENNYMAC LOAN SERVICES, LLC | $2,070,000 | $620,000 | -70.0% | 0.6% |
Arvest Bank | $1,280,000 | $610,000 | -52.3% | 0.6% |
USAA Federal Savings Bank | $115,000 | $605,000 | 426.1% | 0.6% |
The Huntington National Bank | $555,000 | n/a | 0.5% | |
U.S. Bank | $705,000 | $515,000 | -27.0% | 0.5% |
FREEDOM MORTGAGE CORPORATION | $3,185,000 | $495,000 | -84.5% | 0.5% |
Texana Bank | $440,000 | n/a | 0.4% | |
AMERISAVE MORTGAGE CORPORATION | $920,000 | $425,000 | -53.8% | 0.4% |
The Union State Bank | $885,000 | $425,000 | -52.0% | 0.4% |
21ST MORTGAGE CORPORATION | $750,000 | $395,000 | -47.3% | 0.4% |
Discover Bank | $130,000 | $395,000 | 203.8% | 0.4% |
LOANPAL, LLC | $390,000 | n/a | 0.4% | |
Simmons Bank | $345,000 | $385,000 | 11.6% | 0.4% |
Gateway First Bank | $1,310,000 | $360,000 | -72.5% | 0.3% |
ZILLOW HOME LOANS, LLC | $340,000 | n/a | 0.3% | |
BOKF | $540,000 | $325,000 | -39.8% | 0.3% |
CHURCHILL MORTGAGE CORPORATION | $165,000 | $290,000 | 75.8% | 0.3% |
CMG MORTGAGE, INC. | $290,000 | n/a | 0.3% | |
AMERICAN FINANCING CORPORATION | $285,000 | n/a | 0.3% | |
Oklahoma Educators Credit Union | $285,000 | n/a | 0.3% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $590,000 | $280,000 | -52.5% | 0.3% |
North American Savings Bank, F.S.B. | $275,000 | n/a | 0.3% | |
SENTE MORTGAGE, INC. | $275,000 | n/a | 0.3% | |
BROKER SOLUTIONS, INC. | $145,000 | $270,000 | 86.2% | 0.2% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $340,000 | $270,000 | -20.6% | 0.2% |
Flagstar Bank, FSB | $395,000 | $260,000 | -34.2% | 0.2% |
Fidelity Bank | $225,000 | $250,000 | 11.1% | 0.2% |
Stride Bank | $395,000 | $245,000 | -38.0% | 0.2% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $4,300,000 | $245,000 | -94.3% | 0.2% |
AMCAP MORTGAGE, LTD. | $180,000 | $230,000 | 27.8% | 0.2% |
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $230,000 | n/a | 0.2% | |
LAKEVIEW LOAN SERVICING, LLC | $780,000 | $220,000 | -71.8% | 0.2% |
Wyndham Capital Mortgage, Inc. | $205,000 | n/a | 0.2% | |
The Security National Bank of Enid | $385,000 | $200,000 | -48.1% | 0.2% |
The Stock Exchange Bank | $195,000 | n/a | 0.2% | |
TruHome Solutions, LLC | $195,000 | n/a | 0.2% | |
CREDIT UNION OF AMERICA | $195,000 | $185,000 | -5.1% | 0.2% |
Bank of England | $175,000 | n/a | 0.2% | |
CSL Financial, LLC | $175,000 | n/a | 0.2% | |
DELMAR FINANCIAL COMPANY | $175,000 | n/a | 0.2% | |
S1L, Inc. | $175,000 | n/a | 0.2% | |
Chickasaw Community Bank | $2,275,000 | $165,000 | -92.7% | 0.2% |
FINANCIAL CONCEPTS MORTGAGE, LLC | $165,000 | n/a | 0.2% | |
CWM PARTNERS, L.P. | $155,000 | n/a | 0.1% | |
COMMUNICATION | $185,000 | $150,000 | -18.9% | 0.1% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $145,000 | n/a | 0.1% | |
LONGBRIDGE FINANCIAL, LLC | $145,000 | n/a | 0.1% | |
PLANET HOME LENDING, LLC | $145,000 | n/a | 0.1% | |
First Savings Bank | $95,000 | $135,000 | 42.1% | 0.1% |
MORIA DEVELOPMENT, INC. | $205,000 | $135,000 | -34.1% | 0.1% |
SOUTHWEST STAGE FUNDING, LLC | $135,000 | n/a | 0.1% | |
SWBC MORTGAGE CORPORATION | $105,000 | $135,000 | 28.6% | 0.1% |
The Federal Savings Bank | $135,000 | n/a | 0.1% | |
American Heritage Bank | $105,000 | $130,000 | 23.8% | 0.1% |
Barrington Bank & Trust Company, N.A. | $200,000 | $130,000 | -35.0% | 0.1% |
JPMorgan Chase Bank | $540,000 | $130,000 | -75.9% | 0.1% |
Morgan Stanley Private Bank | $125,000 | n/a | 0.1% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $105,000 | $125,000 | 19.0% | 0.1% |
SUN WEST MORTGAGE COMPANY, INC. | $85,000 | $125,000 | 47.1% | 0.1% |
The Focus Federal Credit Union | $125,000 | n/a | 0.1% | |
ASSOCIATED MORTGAGE CORPORATION | $115,000 | n/a | 0.1% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $115,000 | n/a | 0.1% | |
Citadel Servicing Corporation | $105,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $95,000 | $105,000 | 10.5% | 0.1% |
UNITED MORTGAGE CORP. | $105,000 | n/a | 0.1% | |
SPRING EQ, LLC | $100,000 | n/a | 0.1% | |
KELLER MORTGAGE, LLC | $570,000 | $95,000 | -83.3% | 0.1% |
Deere Employees Credit Union | $85,000 | n/a | 0.1% | |
Quail Creek Bank | $85,000 | n/a | 0.1% | |
RESIDENTIAL BANCORP. | $85,000 | n/a | 0.1% | |
Ally Bank | $105,000 | $75,000 | -28.6% | 0.1% |
Carrington Mortgage Services, LLC | $85,000 | $75,000 | -11.8% | 0.1% |
VILLAGE CAPITAL MORTGAGE | $495,000 | $75,000 | -84.8% | 0.1% |
WESTERN VISTA | $430,000 | $75,000 | -82.6% | 0.1% |
Colonial Savings, F.A. | $240,000 | $65,000 | -72.9% | 0.1% |
AMERICAN ADVISORS GROUP | $60,000 | $60,000 | 0.0% | 0.1% |
Northpointe Bank | $55,000 | n/a | 0.1% | |
HEARTLAND CREDIT UNION | $35,000 | n/a | 0.0% | |
NEWREZ LLC | $660,000 | $35,000 | -94.7% | 0.0% |
The City National Bank and Trust Company of Lawton | $55,000 | $35,000 | -36.4% | 0.0% |
Tinker Federal Credit Union | $280,000 | $35,000 | -87.5% | 0.0% |
Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% |
Ponca City's top lender by overall market share is FLAT BRANCH MORTGAGE, INC., with 14.2% market share. In second place, with 10.8%, is First National Bank Of Oklahoma, having originated $11,870,000 in loans. In third place, with 9.2%, is RCB Bank, having originated $10,120,000 in loans. In fourth place, with 8.9%, is Equity Bank, having originated $9,810,000 in loans. In fifth place, with 6.0%, is QUICKEN LOANS, LLC, having originated $6,640,000 in loans.
Ponca City Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Ponca City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $114,875 (18.1%) | $146,109 (9.3%) | 0.00 | 190 |
2018-02-01 | $119,900 (18.5%) | $146,791 (10.0%) | 0.00 | 180 |
2018-03-01 | $119,700 (18.6%) | $145,416 (5.7%) | 0.00 | 181 |
2018-04-01 | $118,500 (8.2%) | $144,335 (1.6%) | 0.00 | 182 |
2018-05-01 | $119,500 (3.1%) | $145,345 (1.7%) | 0.00 | 198 |
2018-06-01 | $120,000 (8.9%) | $149,818 (7.8%) | 0.00 | 196 |
2018-07-01 | $127,450 (19.7%) | $156,989 (14.4%) | 0.00 | 210 |
2018-08-01 | $122,500 (14.3%) | $149,385 (1.9%) | 0.00 | 214 |
2018-09-01 | $119,000 (11.0%) | $140,607 (-4.5%) | 0.00 | 210 |
2018-10-01 | $116,100 (5.8%) | $135,618 (-9.4%) | 0.00 | 220 |
2018-11-01 | $111,625 (-8.2%) | $130,686 (-14.7%) | 0.00 | 222 |
2018-12-01 | $109,900 (-7.7%) | $129,898 (-12.6%) | 0.00 | 207 |
2019-01-01 | $105,425 (-8.2%) | $122,976 (-15.8%) | 0.00 | 199 |
2019-02-01 | $109,175 (-8.9%) | $126,667 (-13.7%) | 0.00 | 188 |
2019-03-01 | $108,286 (-9.5%) | $128,490 (-11.6%) | 0.00 | 180 |
2019-04-01 | $109,786 (-7.4%) | $131,546 (-8.9%) | 0.00 | 174 |
2019-05-01 | $108,425 (-9.3%) | $134,914 (-7.2%) | 0.00 | 175 |
2019-06-01 | $115,900 (-3.4%) | $139,676 (-6.8%) | 0.00 | 174 |
2019-07-01 | $119,675 (-6.1%) | $145,288 (-7.5%) | 0.00 | 183 |
2019-08-01 | $116,791 (-4.7%) | $141,752 (-5.1%) | 0.00 | 192 |
2019-09-01 | $112,127 (-5.8%) | $136,802 (-2.7%) | 0.00 | 195 |
2019-10-01 | $112,268 (-3.3%) | $133,955 (-1.2%) | 0.00 | 196 |
2019-11-01 | $113,000 (1.2%) | $132,043 (1.0%) | 0.00 | 199 |
2019-12-01 | $110,000 (0.1%) | $130,601 (0.5%) | 0.00 | 191 |
2020-01-01 | $109,500 (3.9%) | $129,686 (5.5%) | 0.00 | 194 |
2020-02-01 | $108,500 (-0.6%) | $128,718 (1.6%) | 0.00 | 190 |
2020-03-01 | $106,000 (-2.1%) | $135,497 (5.5%) | 0.00 | 182 |
2020-04-01 | $104,450 (-4.9%) | $148,551 (12.9%) | 0.00 | 166 |
2020-05-01 | $115,000 (6.1%) | $153,447 (13.7%) | 0.00 | 128 |
2020-06-01 | $124,950 (7.8%) | $168,079 (20.3%) | 0.00 | 125 |
2020-07-01 | $124,950 (4.4%) | $168,137 (15.7%) | 0.00 | 123 |
2020-08-01 | $113,000 (-3.3%) | $166,675 (17.6%) | 0.00 | 111 |
2020-09-01 | $99,450 (-11.3%) | $174,748 (27.7%) | 0.00 | 102 |
2020-10-01 | $119,450 (6.4%) | $184,036 (37.4%) | 0.00 | 96 |
2020-11-01 | $116,000 (2.7%) | $180,188 (36.5%) | 0.00 | 102 |
2020-12-01 | $107,036 (-2.7%) | $177,119 (35.6%) | 0.00 | 89 |
2021-01-01 | $97,400 (-11.1%) | $160,339 (23.6%) | 0.00 | 80 |
2021-02-01 | $98,675 (-9.1%) | $164,748 (28.0%) | 0.00 | 76 |
2021-03-01 | $92,400 (-12.8%) | $180,215 (33.0%) | 0.00 | 73 |
2021-04-01 | $102,475 (-1.9%) | $156,252 (5.2%) | 0.00 | 71 |
2021-05-01 | $124,000 (7.8%) | $161,730 (5.4%) | 0.00 | 58 |
2021-06-01 | $81,250 (-35.0%) | $122,226 (-27.3%) | 0.00 | 54 |
2021-07-01 | $90,000 (-28.0%) | $123,592 (-26.5%) | 0.00 | 70 |
2021-08-01 | $123,075 (8.9%) | $194,594 (16.8%) | 0.00 | 76 |
2021-09-01 | $125,600 (26.3%) | $199,129 (14.0%) | 0.00 | 85 |
2021-10-01 | $127,200 (6.5%) | $185,718 (0.9%) | 0.00 | 91 |
2021-11-01 | $124,950 (7.7%) | $181,332 (0.6%) | 0.00 | 106 |
2021-12-01 | $122,500 (14.5%) | $185,191 (4.6%) | 0.00 | 99 |
2022-01-01 | $140,000 (43.7%) | $198,100 (23.6%) | 0.00 | 84 |
2022-02-01 | $132,000 (33.8%) | $202,362 (22.8%) | 0.00 | 62 |
2022-03-01 | $140,975 (52.6%) | $204,548 (13.5%) | 0.00 | 56 |
2022-04-01 | $155,000 (51.3%) | $206,304 (32.0%) | 0.00 | 50 |
2022-05-01 | $151,250 (22.0%) | $193,677 (19.8%) | 0.00 | 59 |
2022-06-01 | $141,950 (74.7%) | $187,640 (53.5%) | 0.00 | 76 |
2022-07-01 | $149,900 (66.6%) | $172,972 (40.0%) | 0.00 | 82 |
2022-08-01 | $126,250 (2.6%) | $168,724 (-13.3%) | 0.00 | 96 |
2022-09-01 | $157,475 (25.4%) | $176,145 (-11.5%) | 0.00 | 95 |
2022-10-01 | $177,250 (39.4%) | $181,576 (-2.2%) | 0.00 | 97 |
2022-11-01 | $195,500 (56.5%) | $197,745 (9.1%) | 0.00 | 87 |
2022-12-01 | $189,900 (55.0%) | $202,547 (9.4%) | 0.00 | 84 |
2023-01-01 | $191,950 (37.1%) | $209,810 (5.9%) | 0.00 | 82 |
2023-02-01 | $192,200 (45.6%) | $218,818 (8.1%) | 0.00 | 80 |
Ponca City's median listing price comes in at 0% of the national average.
Ponca City's average listing price for 2023-02-01 was $218,818, a difference of $16,456 (8.1%) versus the prior year and $9,008 versus the prior month.
For the 2023-02-01 period, Ponca City had 80 MLS listings, a difference of -2 listings (-2%) versus the prior month and 18 listings (29%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Ponca City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,689 sqft |
2018-02-01 | 0 days | 1,687 sqft |
2018-03-01 | 0 days | 1,700 sqft |
2018-04-01 | 0 days | 1,683 sqft |
2018-05-01 | 0 days | 1,698 sqft |
2018-06-01 | 0 days | 1,739 sqft |
2018-07-01 | 0 days | 1,798 sqft |
2018-08-01 | 0 days | 1,763 sqft |
2018-09-01 | 0 days | 1,728 sqft |
2018-10-01 | 0 days | 1,651 sqft |
2018-11-01 | 0 days | 1,602 sqft |
2018-12-01 | 0 days | 1,582 sqft |
2019-01-01 | 0 days | 1,577 sqft |
2019-02-01 | 0 days | 1,594 sqft |
2019-03-01 | 0 days | 1,605 sqft |
2019-04-01 | 0 days | 1,621 sqft |
2019-05-01 | 0 days | 1,669 sqft |
2019-06-01 | 0 days | 1,732 sqft |
2019-07-01 | 0 days | 1,744 sqft |
2019-08-01 | 0 days | 1,749 sqft |
2019-09-01 | 0 days | 1,750 sqft |
2019-10-01 | 0 days | 1,750 sqft |
2019-11-01 | 0 days | 1,752 sqft |
2019-12-01 | 0 days | 1,695 sqft |
2020-01-01 | 0 days | 1,649 sqft |
2020-02-01 | 0 days | 1,601 sqft |
2020-03-01 | 0 days | 1,625 sqft |
2020-04-01 | 0 days | 1,610 sqft |
2020-05-01 | 0 days | 1,634 sqft |
2020-06-01 | 0 days | 1,742 sqft |
2020-07-01 | 0 days | 1,683 sqft |
2020-08-01 | 0 days | 1,664 sqft |
2020-09-01 | 0 days | 1,606 sqft |
2020-10-01 | 0 days | 1,629 sqft |
2020-11-01 | 0 days | 1,572 sqft |
2020-12-01 | 0 days | 1,614 sqft |
2021-01-01 | 0 days | 1,543 sqft |
2021-02-01 | 0 days | 1,570 sqft |
2021-03-01 | 0 days | 1,650 sqft |
2021-04-01 | 0 days | 1,729 sqft |
2021-05-01 | 0 days | 1,819 sqft |
2021-06-01 | 0 days | 1,411 sqft |
2021-07-01 | 0 days | 1,411 sqft |
2021-08-01 | 0 days | 1,624 sqft |
2021-09-01 | 0 days | 1,585 sqft |
2021-10-01 | 0 days | 1,638 sqft |
2021-11-01 | 0 days | 1,625 sqft |
2021-12-01 | 0 days | 1,603 sqft |
2022-01-01 | 0 days | 1,629 sqft |
2022-02-01 | 0 days | 1,591 sqft |
2022-03-01 | 0 days | 1,600 sqft |
2022-04-01 | 0 days | 1,583 sqft |
2022-05-01 | 0 days | 1,571 sqft |
2022-06-01 | 0 days | 1,626 sqft |
2022-07-01 | 0 days | 1,652 sqft |
2022-08-01 | 0 days | 1,517 sqft |
2022-09-01 | 0 days | 1,592 sqft |
2022-10-01 | 0 days | 1,743 sqft |
2022-11-01 | 0 days | 1,878 sqft |
2022-12-01 | 0 days | 1,871 sqft |
2023-01-01 | 0 days | 1,944 sqft |
2023-02-01 | 0 days | 1,943 sqft |
Ponca City's median square footage for active listings during the 2023-02-01 period was 1,943 sqft. One year prior, the average listing was 1,591 sqft.
Ponca City, OK Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 508 | $75,690,000 | $148,996 |
Refi | 168 | $18,370,000 | $109,345 |
Cash Out Refi | 87 | $10,985,000 | $126,264 |
Home Improvement | 56 | $3,140,000 | $56,071 |
Other | 29 | $1,785,000 | $61,552 |
Ponca City's most frequently cited loan purpose was Home Purchase, with 508 originations. The 2nd most popular reason was Refi, with 168 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 204 | $28,270,000 | $138,578 |
4-5% | 154 | $18,180,000 | $118,052 |
3-4% | 148 | $22,540,000 | $152,297 |
6-7% | 113 | $14,325,000 | $126,770 |
7-8% | 49 | $4,835,000 | $98,673 |
<2.5% | 43 | $3,385,000 | $78,721 |
2.5-3% | 27 | $4,275,000 | $158,333 |
Over 8% | 15 | $1,175,000 | $78,333 |
During 2022, Ponca City's most frequently originated rate bucket was 5-6%, with 204 originations.
Loan Sizing (Ponca City, OK MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 421 | $25,005,000 | $59,394 |
$100k-200k | 304 | $42,790,000 | $140,757 |
$200k-400k | 105 | $27,555,000 | $262,429 |
$400k-600k | 12 | $5,660,000 | $471,667 |
$600k-1000k | 3 | $2,125,000 | $708,333 |
$Over $1MM | 3 | $6,835,000 | $2,278,333 |
Ponca City's loan sizing saw the bucket of loans from $100,000 or less with 421 originations, totaling $25,005,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 388 | $55,970,000 | $144,253 |
60-80% | 177 | $21,655,000 | $122,345 |
20-40% | 67 | $4,925,000 | $73,507 |
40-60% | 64 | $8,190,000 | $127,969 |
Under 20% | 40 | $1,680,000 | $42,000 |
Over 100% | 9 | $1,525,000 | $169,444 |
Ponca City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 388 originations, totaling $55,970,000 in origination value.