Stillwater Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Stillwater averaged
6.69%
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
6.42% and
one month ago for the week of 2024-10-03, the
average rate was 5.82%.
Stillwater's average rate one year ago was 7.66%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.89%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Stillwater 30 Year Fixed Rate | 2024-11-07 | 6.69% |
| Stillwater 30 Year Fixed Rate Refi | 2024-11-07 | 6.89% |
| Stillwater 15 Year Fixed Rate | 2024-11-07 | 6.1% |
| Stillwater 15 Year Fixed Rate Refi | 2024-11-07 | 6.5% |
| Stillwater 30 Year FHA | 2024-11-07 | 6.26% |
| Stillwater 30 Year FHA Refi | 2024-11-07 | 6.53% |
| Stillwater 30 Year USDA | 2024-11-07 | 6.38% |
| Stillwater 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Stillwater 30 Year VA | 2024-11-07 | 6.44% |
| Stillwater 30 Year VA Refi | 2024-11-07 | 6.34% |
Stillwater 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 Stillwater, 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.).
Stillwater Average Closing Costs & Other Stats
Stillwater, OK's 76 lenders originated 986
loans during 2023. The total origination value was $217,580,000, with an average loan value of
$220,669.
Stillwater's average closing costs are $4,978.
The top Stillwater lender as defined by loan originations is Simmons Bank, with
52 loans originated. Their average total fees are
$4,496, which is $733
lower than the next largest lender,
BancFirst.
The lowest fee Stillwater lenders (with over 10 loans originated) are
RCB Bank ($3,341), CWM PARTNERS, L.P. ($3,949), Arvest Bank ($4,059), Simmons Bank ($4,496) and BancFirst ($5,230).
The lowest rate Stillwater lenders (with over 10 loans originated) are
RCB Bank (5.79%), CWM PARTNERS, L.P. (6.30%), QUICKEN LOANS, LLC (6.50%), Arvest Bank (6.55%) and BancFirst (6.85%).
Stillwater, 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 |
|---|---|---|---|---|
| BancFirst | $31,510,000 | $33,575,000 | 6.6% | 15.4% |
| First National Bank and Trust Company | $21,325,000 | n/a | 9.8% | |
| Simmons Bank | $18,785,000 | $19,000,000 | 1.1% | 8.7% |
| Great Plains National Bank | $10,325,000 | $15,285,000 | 48.0% | 7.0% |
| RCB Bank | $12,490,000 | $12,160,000 | -2.6% | 5.6% |
| QUICKEN LOANS, LLC | $11,390,000 | $6,505,000 | -42.9% | 3.0% |
| Mortgage Research Center, LLC | $5,640,000 | $6,040,000 | 7.1% | 2.8% |
| Arvest Bank | $9,990,000 | $5,195,000 | -48.0% | 2.4% |
| SENTE MORTGAGE, INC. | $5,845,000 | $4,485,000 | -23.3% | 2.1% |
| CORNERSTONE HOME LENDING, INC. | $2,595,000 | $3,585,000 | 38.2% | 1.6% |
| Stride Bank | $15,945,000 | $3,430,000 | -78.5% | 1.6% |
| CWM PARTNERS, L.P. | $5,600,000 | $3,275,000 | -41.5% | 1.5% |
| First United Bank and Trust Company | $4,700,000 | $3,235,000 | -31.2% | 1.5% |
| 21ST MORTGAGE CORPORATION | $1,490,000 | $2,695,000 | 80.9% | 1.2% |
| Gateway First Bank | $5,205,000 | $2,610,000 | -49.9% | 1.2% |
| PENNYMAC LOAN SERVICES, LLC | $1,155,000 | $2,440,000 | 111.3% | 1.1% |
| AMCAP MORTGAGE, LTD. | $4,585,000 | $2,435,000 | -46.9% | 1.1% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,020,000 | $2,225,000 | 10.1% | 1.0% |
| FLAT BRANCH MORTGAGE, INC. | $580,000 | $1,960,000 | 237.9% | 0.9% |
| ASSOCIATED MORTGAGE CORPORATION | $3,475,000 | $1,880,000 | -45.9% | 0.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,345,000 | $1,775,000 | -24.3% | 0.8% |
| GUILD MORTGAGE COMPANY | $175,000 | $1,590,000 | 808.6% | 0.7% |
| Community National Bank & Trust | $285,000 | $1,510,000 | 429.8% | 0.7% |
| Wells Fargo Bank | $2,245,000 | $1,490,000 | -33.6% | 0.7% |
| 13946 | $1,385,000 | n/a | 0.6% | |
| JPMorgan Chase Bank | $2,180,000 | $1,300,000 | -40.4% | 0.6% |
| InterBank | $1,280,000 | $1,180,000 | -7.8% | 0.5% |
| USAA Federal Savings Bank | $1,645,000 | $1,070,000 | -35.0% | 0.5% |
| FINANCIAL CONCEPTS MORTGAGE, LLC | $665,000 | $1,045,000 | 57.1% | 0.5% |
| First Bank & Trust Co. | $2,040,000 | $1,030,000 | -49.5% | 0.5% |
| Flagstar Bank, FSB | $1,380,000 | $1,005,000 | -27.2% | 0.5% |
| United Fidelity Funding Corp. | $800,000 | $1,005,000 | 25.6% | 0.5% |
| CMG MORTGAGE, INC. | $345,000 | $990,000 | 187.0% | 0.5% |
| MidFirst Bank | $80,000 | $990,000 | 1,137.5% | 0.5% |
| The Huntington National Bank | $980,000 | n/a | 0.5% | |
| Truist | $905,000 | n/a | 0.4% | |
| Chickasaw Community Bank | $725,000 | $875,000 | 20.7% | 0.4% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $825,000 | $855,000 | 3.6% | 0.4% |
| GUARANTEED RATE, INC. | $960,000 | $845,000 | -12.0% | 0.4% |
| Tinker Federal Credit Union | $1,175,000 | $840,000 | -28.5% | 0.4% |
| American Mortgage & Equity Consultants, Inc. | $825,000 | n/a | 0.4% | |
| F & M Bank | $605,000 | $825,000 | 36.4% | 0.4% |
| American Bank of Oklahoma | $370,000 | $770,000 | 108.1% | 0.4% |
| COREVEST AMERICAN FINANCE LENDER LLC | $755,000 | n/a | 0.3% | |
| OKLAHOMA'S | $695,000 | n/a | 0.3% | |
| American Heritage Bank | $370,000 | $665,000 | 79.7% | 0.3% |
| Discover Bank | $140,000 | $640,000 | 357.1% | 0.3% |
| American Mortgage Bank, LLC | $125,000 | $630,000 | 404.0% | 0.3% |
| THE MORTGAGE LINK, INC. | $625,000 | n/a | 0.3% | |
| NAVY FEDERAL CREDIT UNION | $1,330,000 | $615,000 | -53.8% | 0.3% |
| Century Mortgage Company DBA Century Lending Company | $595,000 | n/a | 0.3% | |
| TTCU Federal Credit Union | $515,000 | $565,000 | 9.7% | 0.3% |
| BOKF | $1,700,000 | $555,000 | -67.4% | 0.3% |
| First National Bank Of Oklahoma | $330,000 | $540,000 | 63.6% | 0.2% |
| First Liberty Bank | $250,000 | $525,000 | 110.0% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $565,000 | $460,000 | -18.6% | 0.2% |
| OPEN MORTGAGE, LLC | $85,000 | $455,000 | 435.3% | 0.2% |
| Regent Bank | $480,000 | $450,000 | -6.3% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $440,000 | n/a | 0.2% | |
| ZILLOW HOME LOANS, LLC | $440,000 | n/a | 0.2% | |
| Bank of America | $1,355,000 | $420,000 | -69.0% | 0.2% |
| MLD MORTGAGE INC. | $410,000 | n/a | 0.2% | |
| Prosperity Bank | $1,590,000 | $410,000 | -74.2% | 0.2% |
| THRIVE MORTGAGE, LLC | $405,000 | n/a | 0.2% | |
| American Airlines Federal Credit Union | $385,000 | n/a | 0.2% | |
| BancorpSouth | $355,000 | n/a | 0.2% | |
| AMERISAVE MORTGAGE CORPORATION | $1,240,000 | $340,000 | -72.6% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $165,000 | $340,000 | 106.1% | 0.2% |
| SWBC MORTGAGE CORPORATION | $785,000 | $340,000 | -56.7% | 0.2% |
| GUARANTY HOME MORTGAGE CORPORATION | $335,000 | n/a | 0.2% | |
| TOWNE MORTGAGE COMPANY | $215,000 | $335,000 | 55.8% | 0.2% |
| CARDINAL FINANCIAL | $430,000 | $330,000 | -23.3% | 0.2% |
| Capitol Federal Savings Bank | $325,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $325,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $245,000 | $320,000 | 30.6% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $405,000 | $320,000 | -21.0% | 0.1% |
| The Farmers & Merchants Bank | $295,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $290,000 | n/a | 0.1% | |
| Mortgage Investment Services Corporation | $485,000 | $280,000 | -42.3% | 0.1% |
| GERSHMAN INVESTMENT CORP. | $275,000 | n/a | 0.1% | |
| NEWREZ LLC | $230,000 | $275,000 | 19.6% | 0.1% |
| PLANET HOME LENDING, LLC | $300,000 | $275,000 | -8.3% | 0.1% |
| UNION HOME MORTGAGE CORP. | $625,000 | $270,000 | -56.8% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $265,000 | n/a | 0.1% | |
| Morgan Stanley Private Bank | $265,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $965,000 | $265,000 | -72.5% | 0.1% |
| UNITED BUILT HOMES, L.L.C. | $345,000 | $265,000 | -23.2% | 0.1% |
| BLUE SKY BANK | $250,000 | n/a | 0.1% | |
| Figure Lending LLC | $90,000 | $245,000 | 172.2% | 0.1% |
| COMMUNICATION | $265,000 | $240,000 | -9.4% | 0.1% |
| COUNTRYPLACE MORTGAGE, LTD. | $135,000 | $230,000 | 70.4% | 0.1% |
| CSL Financial, LLC | $115,000 | $225,000 | 95.7% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $725,000 | $225,000 | -69.0% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $760,000 | $225,000 | -70.4% | 0.1% |
| Tulsa Federal Credit Union | $320,000 | $225,000 | -29.7% | 0.1% |
| Carrington Mortgage Services, LLC | $585,000 | $220,000 | -62.4% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $745,000 | $220,000 | -70.5% | 0.1% |
| NBKC BANK | $135,000 | $205,000 | 51.9% | 0.1% |
| Sunflower Bank | $205,000 | n/a | 0.1% | |
| BAY EQUITY LLC | $195,000 | n/a | 0.1% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $280,000 | $195,000 | -30.4% | 0.1% |
| Waterstone Mortgage Corporation | $235,000 | $190,000 | -19.1% | 0.1% |
| Bank 7 | $475,000 | $185,000 | -61.1% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,155,000 | $185,000 | -84.0% | 0.1% |
| First National Bank and Trust Company of Ardmore | $305,000 | $185,000 | -39.3% | 0.1% |
| First National Bank of Pulaski | $185,000 | n/a | 0.1% | |
| Kleberg Bank, N.A | $185,000 | n/a | 0.1% | |
| S1L, Inc. | $185,000 | n/a | 0.1% | |
| The Citizens Bank of Edmond | $185,000 | n/a | 0.1% | |
| The Federal Savings Bank | $155,000 | $185,000 | 19.4% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $175,000 | n/a | 0.1% | |
| NexBank | $175,000 | n/a | 0.1% | |
| VALOR BANK | $95,000 | $175,000 | 84.2% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $425,000 | $175,000 | -58.8% | 0.1% |
| WILLOW BEND MORTGAGE COMPANY, LLC | $175,000 | n/a | 0.1% | |
| Armstrong Bank | $830,000 | $170,000 | -79.5% | 0.1% |
| U.S. Bank | $1,515,000 | $165,000 | -89.1% | 0.1% |
| Midwest Bank | $155,000 | n/a | 0.1% | |
| OAKTREE FUNDING CORP. | $155,000 | n/a | 0.1% | |
| US MORTGAGE CORPORATION | $155,000 | n/a | 0.1% | |
| Vision Bank | $125,000 | $155,000 | 24.0% | 0.1% |
| WEOKIE | $795,000 | $150,000 | -81.1% | 0.1% |
| BELEM SERVICING LLC | $145,000 | n/a | 0.1% | |
| First Texoma National Bank | $145,000 | n/a | 0.1% | |
| Frontier State Bank | $145,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $185,000 | $145,000 | -21.6% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $175,000 | $145,000 | -17.1% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $585,000 | $145,000 | -75.2% | 0.1% |
| Quail Creek Bank | $810,000 | $145,000 | -82.1% | 0.1% |
| All America Bank | $135,000 | $135,000 | 0.0% | 0.1% |
| International Bank of Commerce | $135,000 | n/a | 0.1% | |
| ACB BANK | $130,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $355,000 | $125,000 | -64.8% | 0.1% |
| CrossFirst Bank | $770,000 | $125,000 | -83.8% | 0.1% |
| The Central Trust Bank | $375,000 | $125,000 | -66.7% | 0.1% |
| AMERICAN FINANCING CORPORATION | $835,000 | $115,000 | -86.2% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $265,000 | $115,000 | -56.6% | 0.1% |
| Oklahoma Educators Credit Union | $160,000 | $115,000 | -28.1% | 0.1% |
| FIDELITY BANK | $105,000 | n/a | 0.0% | |
| Citibank | $95,000 | n/a | 0.0% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $95,000 | n/a | 0.0% | |
| RBC Bank, (Georgia) | $335,000 | $95,000 | -71.6% | 0.0% |
| Lakeview Community Capital, LLC | $85,000 | n/a | 0.0% | |
| NBC Oklahoma | $85,000 | n/a | 0.0% | |
| Renasant Bank | $400,000 | $85,000 | -78.8% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $75,000 | $85,000 | 13.3% | 0.0% |
| PHH Mortgage Corporation | $700,000 | $75,000 | -89.3% | 0.0% |
| BMO Harris Bank | $125,000 | $65,000 | -48.0% | 0.0% |
| COMMUNITY BANK | $65,000 | n/a | 0.0% | |
| SpiritBank | $65,000 | n/a | 0.0% | |
| Equity Bank | $85,000 | $55,000 | -35.3% | 0.0% |
| Mabrey Bank | $1,860,000 | $55,000 | -97.0% | 0.0% |
| M&T Bank | $65,000 | $55,000 | -15.4% | 0.0% |
| Western Sun FCU | $55,000 | n/a | 0.0% | |
| ALLEGIANCE | $45,000 | n/a | 0.0% | |
| Bank of the West | $165,000 | $45,000 | -72.7% | 0.0% |
| Coastal Community Bank | $40,000 | n/a | 0.0% | |
| The First National Bank and Trust Company of Okmulgee | $35,000 | n/a | 0.0% | |
| TRUE SKY | $25,000 | n/a | 0.0% | |
| PNC Bank | $2,460,000 | $15,000 | -99.4% | 0.0% |
Stillwater's top lender by overall market share is BancFirst, with 15.4% market share. In second place, with 9.8%, is First National Bank and Trust Company, having originated $21,325,000 in loans. In third place, with 8.7%, is Simmons Bank, having originated $19,000,000 in loans. In fourth place, with 7.0%, is Great Plains National Bank, having originated $15,285,000 in loans. In fifth place, with 5.6%, is RCB Bank, having originated $12,160,000 in loans.
Stillwater, OK Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 699 | $163,075,000 | $233,298 |
| Refi | 89 | $37,615,000 | $422,640 |
| Home Improvement | 80 | $4,910,000 | $61,375 |
| Other | 71 | $4,335,000 | $61,056 |
| Cash Out Refi | 47 | $7,645,000 | $162,660 |
Stillwater's most frequently cited loan purpose was Home Purchase, with 699 originations. The 2nd most popular reason was Refi, with 89 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 351 | $101,985,000 | $290,556 |
| 7-8% | 198 | $41,620,000 | $210,202 |
| Over 8% | 171 | $19,125,000 | $111,842 |
| 5-6% | 126 | $35,590,000 | $282,460 |
| 4-5% | 15 | $2,465,000 | $164,333 |
| <2.5% | 3 | $175,000 | $58,333 |
| 3-4% | 1 | $145,000 | $145,000 |
During 2023, Stillwater's most frequently originated rate bucket was 6-7%, with 351 originations.
Loan Sizing (Stillwater, OK MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 337 | $93,205,000 | $276,573 |
| $100k-200k | 310 | $46,130,000 | $148,806 |
| $100,000 or less | 266 | $14,490,000 | $54,474 |
| $400k-600k | 51 | $24,325,000 | $476,961 |
| $600k-1000k | 19 | $14,325,000 | $753,947 |
| $Over $1MM | 3 | $25,105,000 | $8,368,333 |
Stillwater's loan sizing saw the bucket of loans from $200k-400k with 337 originations, totaling $93,205,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 399 | $96,375,000 | $241,541 |
| 60-80% | 220 | $75,330,000 | $342,409 |
| Under 20% | 96 | $5,480,000 | $57,083 |
| 40-60% | 66 | $12,470,000 | $188,939 |
| 20-40% | 65 | $6,415,000 | $98,692 |
| Over 100% | 18 | $4,810,000 | $267,222 |
Stillwater's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 399 originations, totaling $96,375,000 in origination value.