Tahlequah Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Tahlequah averaged 6.25% for the week of 2024-10-10, compared to the national average of 6.32% for the same period.

The average rate for the prior week (2024-10-03) was 6.05% and one month ago for the week of 2024-09-05, the average rate was 6.58%.

Tahlequah's average rate one year ago was 7.72%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.42%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Tahlequah 30 Year Fixed Rate 2024-10-10 6.25%
Tahlequah 30 Year Fixed Rate Refi 2024-10-10 6.42%
Tahlequah 15 Year Fixed Rate 2024-10-10 5.51%
Tahlequah 15 Year Fixed Rate Refi 2024-10-10 5.31%
Tahlequah 30 Year FHA 2024-10-10 5.74%
Tahlequah 30 Year FHA Refi 2024-10-10 6.2%
Tahlequah 30 Year USDA 2024-10-10 6.18%
Tahlequah 30 Year USDA Refi 2024-10-10 6.28%
Tahlequah 30 Year VA 2024-10-10 5.85%
Tahlequah 30 Year VA Refi 2024-10-10 6.05%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Tahlequah, OK.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Arvest Bank 37 6.65% $4,372
BancFirst 30 6.86% $5,031
QUICKEN LOANS, LLC 18 6.96% $6,897
Armstrong Bank 16 7.39% $4,626
AXIA FINANCIAL, LLC 9 7.00% $8,934
United Fidelity Funding Corp. 8 6.64% $6,752
Firstar Bank 8 6.19% $6,240
FLAT BRANCH MORTGAGE, INC. 5 6.67% $5,019
OPEN MORTGAGE, LLC 5 6.72% $5,250
UNITED WHOLESALE MORTGAGE, LLC 3 6.46% $8,064
Gateway First Bank 3 6.75% $5,669
JPMorgan Chase Bank 3 7.63% $5,053
TTCU Federal Credit Union 3 7.29% $4,120
Ally Bank 2 5.38% $7,793
ASSOCIATED MORTGAGE CORPORATION 2 6.63% $5,890
First United Bank and Trust Company 2 7.38% $4,872
UNITED 2 7.44% $3,336
U.S. Bank 2 6.81% $2,822
WEOKIE 2 5.69% $5,409
Flagstar Bank, FSB 1 6.88% $8,414
COMMUNICATION 1 5.88% $0
CMG MORTGAGE, INC. 1 7.49% $3,704
GENEVA FINANCIAL, LLC 1 6.75% $4,449
Great Plains National Bank 1 7.13% $4,717
GUILD MORTGAGE COMPANY 1 8.00% $6,044
HOMESTAR FINANCIAL CORPORATION 1 6.88% $3,234
CHURCHILL MORTGAGE CORPORATION 1 6.38% $3,255
Mortgage Research Center, LLC 1 6.38% $2,404
MOVEMENT MORTGAGE, LLC 1 6.06% $4,730
Mr. Cooper ( Nationstar Mortgage ) 1 7.99% $4,056
NBKC BANK 1 6.75% $3,050
NEWREZ LLC 1 7.25% $7,320
OKLAHOMA'S 1 7.25% $3,159
CALCON MUTUAL MORTGAGE LLC 1 5.88% $11,763
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $7,373
BOKF 1 6.88% $4,567
RCB Bank 1 5.02% $3,273
ROYAL UNITED MORTGAGE LLC 1 7.13% $12,416
Bank of America 1 6.38% $3,917
USAA Federal Savings Bank 1 7.13% $5,539
AMERISAVE MORTGAGE CORPORATION 1 6.75% $8,388
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.63% $4,482
CROSSCOUNTRY MORTGAGE, LLC 1 7.50% $7,316
First Federal Bank 1 6.63% $8,416
American Bank of Oklahoma 1 6.50% $7,485

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.