Tahlequah Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Tahlequah averaged
7.02%
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
6.65% and
one month ago for the week of 2024-10-03, the
average rate was 6.15%.
Tahlequah's average rate one year ago was 7.79%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.09%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Tahlequah 30 Year Fixed Rate | 2024-11-07 | 7.02% |
| Tahlequah 30 Year Fixed Rate Refi | 2024-11-07 | 7.09% |
| Tahlequah 15 Year Fixed Rate | 2024-11-07 | 6% |
| Tahlequah 15 Year Fixed Rate Refi | 2024-11-07 | 6.3% |
| Tahlequah 30 Year FHA | 2024-11-07 | 6.36% |
| Tahlequah 30 Year FHA Refi | 2024-11-07 | 6.23% |
| Tahlequah 30 Year USDA | 2024-11-07 | 6.28% |
| Tahlequah 30 Year USDA Refi | 2024-11-07 | 6.68% |
| Tahlequah 30 Year VA | 2024-11-07 | 6.34% |
| Tahlequah 30 Year VA Refi | 2024-11-07 | 6.14% |
Tahlequah 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 Tahlequah, 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.).
Tahlequah Average Closing Costs & Other Stats
Tahlequah, OK's 45 lenders originated 690
loans during 2023. The total origination value was $107,360,000, with an average loan value of
$155,594.
Tahlequah's average closing costs are $5,602.
The top Tahlequah lender as defined by loan originations is Arvest Bank, with
37 loans originated. Their average total fees are
$4,372, which is $659
lower than the next largest lender,
BancFirst.
The lowest fee Tahlequah lenders (with over 10 loans originated) are
Arvest Bank ($4,372), Armstrong Bank ($4,626), BancFirst ($5,031), QUICKEN LOANS, LLC ($6,897) and .
The lowest rate Tahlequah lenders (with over 10 loans originated) are
Arvest Bank (6.65%), BancFirst (6.86%), QUICKEN LOANS, LLC (6.96%), Armstrong Bank (7.39%) and .
Tahlequah, 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 |
|---|---|---|---|---|
| Arvest Bank | $26,230,000 | $19,145,000 | -27.0% | 17.8% |
| BancFirst | $16,950,000 | $13,210,000 | -22.1% | 12.3% |
| Armstrong Bank | $13,150,000 | $8,035,000 | -38.9% | 7.5% |
| QUICKEN LOANS, LLC | $8,295,000 | $6,400,000 | -22.8% | 6.0% |
| United Fidelity Funding Corp. | $2,750,000 | $4,980,000 | 81.1% | 4.6% |
| OPEN MORTGAGE, LLC | $3,105,000 | $4,640,000 | 49.4% | 4.3% |
| AXIA FINANCIAL, LLC | $4,045,000 | n/a | 3.8% | |
| Firstar Bank | $4,680,000 | $3,265,000 | -30.2% | 3.0% |
| TTCU Federal Credit Union | $3,115,000 | $3,085,000 | -1.0% | 2.9% |
| American Bank of Oklahoma | $2,200,000 | $2,625,000 | 19.3% | 2.4% |
| Mortgage Research Center, LLC | $4,120,000 | $2,125,000 | -48.4% | 2.0% |
| FLAT BRANCH MORTGAGE, INC. | $1,695,000 | $1,955,000 | 15.3% | 1.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $985,000 | $1,775,000 | 80.2% | 1.7% |
| Chickasaw Community Bank | $12,415,000 | $1,630,000 | -86.9% | 1.5% |
| Great Plains National Bank | $485,000 | $1,575,000 | 224.7% | 1.5% |
| WEOKIE | $1,400,000 | n/a | 1.3% | |
| TRIAD FINANCIAL SERVICES, INC. | $365,000 | $1,340,000 | 267.1% | 1.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,380,000 | $1,175,000 | -14.9% | 1.1% |
| ASSOCIATED MORTGAGE CORPORATION | $1,755,000 | $1,145,000 | -34.8% | 1.1% |
| MID AMERICA MORTGAGE, INC. | $2,730,000 | $1,145,000 | -58.1% | 1.1% |
| 21ST MORTGAGE CORPORATION | $815,000 | $1,120,000 | 37.4% | 1.0% |
| First United Bank and Trust Company | $2,115,000 | $895,000 | -57.7% | 0.8% |
| LOANDEPOT.COM, LLC | $2,015,000 | $880,000 | -56.3% | 0.8% |
| Bank 7 | $710,000 | $870,000 | 22.5% | 0.8% |
| Gateway First Bank | $765,000 | $835,000 | 9.2% | 0.8% |
| The First National Bank of Fort Smith | $585,000 | $800,000 | 36.8% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $1,150,000 | $725,000 | -37.0% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $2,620,000 | $690,000 | -73.7% | 0.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $275,000 | $630,000 | 129.1% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $1,275,000 | $590,000 | -53.7% | 0.5% |
| JPMorgan Chase Bank | $860,000 | $575,000 | -33.1% | 0.5% |
| SOUTHWEST STAGE FUNDING, LLC | $105,000 | $550,000 | 423.8% | 0.5% |
| UNITED | $495,000 | n/a | 0.5% | |
| NEW DAY FINANCIAL, LLC | $540,000 | $490,000 | -9.3% | 0.5% |
| Flagstar Bank, FSB | $370,000 | $475,000 | 28.4% | 0.4% |
| US MORTGAGE CORPORATION | $180,000 | $430,000 | 138.9% | 0.4% |
| Tinker Federal Credit Union | $1,035,000 | $425,000 | -58.9% | 0.4% |
| Carrington Mortgage Services, LLC | $415,000 | $420,000 | 1.2% | 0.4% |
| BOKF | $845,000 | $410,000 | -51.5% | 0.4% |
| RCB Bank | $105,000 | $395,000 | 276.2% | 0.4% |
| THE MORTGAGE LINK, INC. | $355,000 | n/a | 0.3% | |
| First Western Bank | $345,000 | n/a | 0.3% | |
| UNITED BUILT HOMES, L.L.C. | $225,000 | $305,000 | 35.6% | 0.3% |
| Wells Fargo Bank | $10,240,000 | $305,000 | -97.0% | 0.3% |
| Ally Bank | $125,000 | $300,000 | 140.0% | 0.3% |
| ROYAL UNITED MORTGAGE LLC | $200,000 | $300,000 | 50.0% | 0.3% |
| Chambers Bank | $295,000 | n/a | 0.3% | |
| VAN DYK MORTGAGE CORPORATION | $295,000 | n/a | 0.3% | |
| TruHome Solutions, LLC | $285,000 | n/a | 0.3% | |
| COMMUNICATION | $755,000 | $280,000 | -62.9% | 0.3% |
| U.S. Bank | $255,000 | $255,000 | 0.0% | 0.2% |
| ZILLOW HOME LOANS, LLC | $285,000 | $255,000 | -10.5% | 0.2% |
| CALCON MUTUAL MORTGAGE LLC | $245,000 | n/a | 0.2% | |
| CMG MORTGAGE, INC. | $245,000 | n/a | 0.2% | |
| Eagle Bank and Trust Company | $145,000 | $245,000 | 69.0% | 0.2% |
| Bank of America | $145,000 | $240,000 | 65.5% | 0.2% |
| NBKC BANK | $135,000 | $235,000 | 74.1% | 0.2% |
| Western Sun FCU | $235,000 | n/a | 0.2% | |
| CORNERSTONE HOME LENDING, INC. | $370,000 | $225,000 | -39.2% | 0.2% |
| First Federal Bank | $215,000 | n/a | 0.2% | |
| BROKER SOLUTIONS, INC. | $890,000 | $210,000 | -76.4% | 0.2% |
| Waterstone Mortgage Corporation | $675,000 | $185,000 | -72.6% | 0.2% |
| The Central Trust Bank | $965,000 | $175,000 | -81.9% | 0.2% |
| Simmons Bank | $330,000 | $170,000 | -48.5% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $810,000 | $165,000 | -79.6% | 0.2% |
| NEWREZ LLC | $635,000 | $165,000 | -74.0% | 0.2% |
| PENNYMAC LOAN SERVICES, LLC | $1,525,000 | $165,000 | -89.2% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $155,000 | n/a | 0.1% | |
| COUNTRYPLACE MORTGAGE, LTD. | $155,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $155,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $85,000 | $155,000 | 82.4% | 0.1% |
| CSL Financial, LLC | $95,000 | $150,000 | 57.9% | 0.1% |
| Truity Federal Credit Union | $140,000 | n/a | 0.1% | |
| OKLAHOMA'S | $135,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $350,000 | $135,000 | -61.4% | 0.1% |
| GUILD MORTGAGE COMPANY | $125,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $125,000 | n/a | 0.1% | |
| RUOFF MORTGAGE COMPANY, INC. | $125,000 | n/a | 0.1% | |
| The First National Bank and Trust Company of Broken Arrow | $125,000 | n/a | 0.1% | |
| YNB | $115,000 | n/a | 0.1% | |
| CROSSCOUNTRY MORTGAGE, LLC | $480,000 | $105,000 | -78.1% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $105,000 | n/a | 0.1% | |
| GENEVA FINANCIAL, LLC | $105,000 | n/a | 0.1% | |
| HOMESTAR FINANCIAL CORPORATION | $105,000 | n/a | 0.1% | |
| HOMEXPRESS MORTGAGE CORP. | $105,000 | n/a | 0.1% | |
| PNC Bank | $95,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $85,000 | n/a | 0.1% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $440,000 | $85,000 | -80.7% | 0.1% |
| USAA Federal Savings Bank | $860,000 | $85,000 | -90.1% | 0.1% |
| Figure Lending LLC | $80,000 | n/a | 0.1% | |
| Mortgage Investment Services Corporation | $725,000 | $75,000 | -89.7% | 0.1% |
| Mr. Cooper ( Nationstar Mortgage ) | $355,000 | $75,000 | -78.9% | 0.1% |
| Discover Bank | $245,000 | $65,000 | -73.5% | 0.1% |
| Vision Bank | $45,000 | n/a | 0.0% | |
| Coastal Community Bank | $25,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $25,000 | n/a | 0.0% | |
| Tulsa Federal Credit Union | $255,000 | $15,000 | -94.1% | 0.0% |
Tahlequah's top lender by overall market share is Arvest Bank, with 17.8% market share. In second place, with 12.3%, is BancFirst, having originated $13,210,000 in loans. In third place, with 7.5%, is Armstrong Bank, having originated $8,035,000 in loans. In fourth place, with 6.0%, is QUICKEN LOANS, LLC, having originated $6,400,000 in loans. In fifth place, with 4.6%, is United Fidelity Funding Corp., having originated $4,980,000 in loans.
Tahlequah, OK Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 420 | $76,710,000 | $182,643 |
| Home Improvement | 90 | $6,830,000 | $75,889 |
| Refi | 83 | $13,305,000 | $160,301 |
| Other | 53 | $3,355,000 | $63,302 |
| Cash Out Refi | 44 | $7,160,000 | $162,727 |
Tahlequah's most frequently cited loan purpose was Home Purchase, with 420 originations. The 2nd most popular reason was Home Improvement, with 90 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 229 | $44,585,000 | $194,694 |
| Over 8% | 199 | $17,095,000 | $85,905 |
| 7-8% | 178 | $26,460,000 | $148,652 |
| 5-6% | 74 | $16,230,000 | $219,324 |
| 4-5% | 4 | $1,300,000 | $325,000 |
During 2023, Tahlequah's most frequently originated rate bucket was 6-7%, with 229 originations.
Loan Sizing (Tahlequah, OK MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 256 | $37,220,000 | $145,391 |
| $100,000 or less | 253 | $14,875,000 | $58,794 |
| $200k-400k | 156 | $41,250,000 | $264,423 |
| $400k-600k | 20 | $9,310,000 | $465,500 |
| $600k-1000k | 4 | $2,650,000 | $662,500 |
| $Over $1MM | 1 | $2,055,000 | $2,055,000 |
Tahlequah's loan sizing saw the bucket of loans from $100k-200k with 256 originations, totaling $37,220,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 290 | $57,100,000 | $196,897 |
| 60-80% | 145 | $25,325,000 | $174,655 |
| 40-60% | 86 | $11,860,000 | $137,907 |
| 20-40% | 72 | $5,320,000 | $73,889 |
| Under 20% | 72 | $2,570,000 | $35,694 |
| Over 100% | 16 | $3,340,000 | $208,750 |
Tahlequah's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 290 originations, totaling $57,100,000 in origination value.