Tahlequah Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Tahlequah averaged 6.85% 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 7.02% and one month ago for the week of 2023-10-26, the average rate was 7.62%.

    Tahlequah's average rate one year ago was 6.31%.

    For refis of the same type during the week of 2023-11-30, the average rate was 7.72%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-11-30 7.22%
    Tahlequah 30 Year Fixed Rate 2023-11-30 6.85%
    Tahlequah 30 Year Fixed Rate Refi 2023-11-30 7.72%
    Tahlequah 15 Year Fixed Rate 2023-11-30 6.46%
    Tahlequah 15 Year Fixed Rate Refi 2023-11-30 6.46%
    Tahlequah 30 Year FHA 2023-11-30 6.51%
    Tahlequah 30 Year FHA Refi 2023-11-30 7.15%
    Tahlequah 30 Year USDA 2023-11-30 7.2%
    Tahlequah 30 Year USDA Refi 2023-11-30 7.2%
    Tahlequah 30 Year VA 2023-11-30 6.77%
    Tahlequah 30 Year VA Refi 2023-11-30 6.67%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Arvest Bank 61 4.61% $4,353
    Armstrong Bank 33 5.18% $4,717
    BancFirst 20 4.81% $5,546
    QUICKEN LOANS, LLC 19 5.29% $7,072
    TTCU Federal Credit Union 11 5.17% $4,027
    Firstar Bank 8 4.25% $5,019
    FBC MORTGAGE, LLC 8 4.29% $6,164
    ASSOCIATED MORTGAGE CORPORATION 6 5.19% $5,930
    United Fidelity Funding Corp. 6 5.19% $7,042
    OPEN MORTGAGE, LLC 5 5.65% $7,480
    First United Bank and Trust Company 4 5.17% $4,706
    LOANDEPOT.COM, LLC 4 3.93% $6,841
    Gateway First Bank 4 5.69% $5,056
    AMERISAVE MORTGAGE CORPORATION 4 3.69% $7,830
    ACADEMY MORTGAGE CORPORATION 3 4.04% $3,991
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 4.79% $6,050
    PENNYMAC LOAN SERVICES, LLC 3 5.08% $6,562
    PLAZA HOME MORTGAGE, INC. 3 3.46% $11,279
    The Central Trust Bank 3 5.17% $3,248
    FLAT BRANCH MORTGAGE, INC. 3 4.79% $5,621
    CARDINAL FINANCIAL 3 5.54% $13,529
    Stride Bank 2 5.50% $4,002
    Morgan Stanley Private Bank 2 4.15% $3,320
    MID AMERICA MORTGAGE, INC. 2 5.25% $4,140
    FREEDOM MORTGAGE CORPORATION 2 5.38% $14,827
    BETTER MORTGAGE CORPORATION 2 3.69% $5,033
    Mortgage Investment Services Corporation 2 4.63% $3,470
    UNITED WHOLESALE MORTGAGE, LLC 2 3.94% $9,358
    BOKF 2 4.69% $4,262
    BROKER SOLUTIONS, INC. 2 5.81% $11,537
    First Savings Bank 2 4.31% $6,611
    Waterstone Mortgage Corporation 1 7.13% $11,209
    Ally Bank 1 5.13% $3,641
    AMERICAN FINANCING CORPORATION 1 4.63% $6,869
    Carrington Mortgage Services, LLC 1 2.88% $6,140
    Chickasaw Community Bank 1 5.00% $3,444
    COMMUNICATION 1 6.38% $3,729
    CORNERSTONE HOME LENDING, INC. 1 5.50% $4,869
    CROSSCOUNTRY MORTGAGE, LLC 1 7.63% $4,403
    Discover Bank 1 7.49% $0
    EMBRACE HOME LOANS, INC. 1 6.13% $7,517
    FirstTrust Home Loans, Inc. 1 4.87% $6,854
    Flagstar Bank, FSB 1 5.80% $3,237
    Great Plains National Bank 1 6.00% $4,358
    GUARANTEED RATE, INC. 1 6.10% $4,033
    JPMorgan Chase Bank 1 5.50% $21,416
    LAKEVIEW LOAN SERVICING, LLC 1 3.75% $5,218
    LEADERONE FINANCIAL CORPORATION 1 4.63% $6,821
    Mabrey Bank 1 6.23% $2,680
    MORTGAGE CLEARING CORPORATION 1 3.38% $3,574
    Mr. Cooper ( Nationstar Mortgage ) 1 4.50% $10,894
    NAVY FEDERAL CREDIT UNION 1 6.63% $7,906
    NBKC BANK 1 3.99% $3,824
    NEWREZ LLC 1 4.00% $5,392
    Plains Commerce Bank 1 7.50% $4,625
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.63% $3,863
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.63% $9,932
    The First National Bank of Fort Smith 1 4.13% $2,907
    Tinker Federal Credit Union 1 6.00% $3,469
    US MORTGAGE CORPORATION 1 4.88% $2,639
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 8.25% $7,684
    21ST MORTGAGE CORPORATION 1 7.55% $6,068

    Tahlequah Average Closing Costs & Other Stats

    Tahlequah, OK's 62 lenders originated 895 loans during 2022. The total origination value was $168,965,000, with an average loan value of $188,788.

    Tahlequah's average closing costs are $5,427.

    The top Tahlequah lender as defined by loan originations is Arvest Bank, with 61 loans originated. Their average total fees are $4,353, which is $363 lower than the next largest lender, Armstrong Bank.

    The lowest fee Tahlequah lenders (with over 10 loans originated) are TTCU Federal Credit Union ($4,027), Arvest Bank ($4,353), Armstrong Bank ($4,717), BancFirst ($5,546) and QUICKEN LOANS, LLC ($7,072).

    The lowest rate Tahlequah lenders (with over 10 loans originated) are Arvest Bank (4.61%), BancFirst (4.81%), TTCU Federal Credit Union (5.17%), Armstrong Bank (5.18%) and QUICKEN LOANS, LLC (5.29%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Arvest Bank $27,855,000 $26,230,000 -5.8% 15.5%
    BancFirst $23,945,000 $16,950,000 -29.2% 10.0%
    Armstrong Bank $12,710,000 $13,150,000 3.5% 7.8%
    Chickasaw Community Bank $7,965,000 $12,415,000 55.9% 7.3%
    Wells Fargo Bank $1,215,000 $10,240,000 742.8% 6.1%
    QUICKEN LOANS, LLC $15,655,000 $8,295,000 -47.0% 4.9%
    Firstar Bank $2,530,000 $4,680,000 85.0% 2.8%
    Mortgage Research Center, LLC $2,705,000 $4,120,000 52.3% 2.4%
    FBC MORTGAGE, LLC $5,185,000 $3,330,000 -35.8% 2.0%
    TTCU Federal Credit Union $7,240,000 $3,115,000 -57.0% 1.8%
    OPEN MORTGAGE, LLC $3,855,000 $3,105,000 -19.5% 1.8%
    United Fidelity Funding Corp. $7,770,000 $2,750,000 -64.6% 1.6%
    MID AMERICA MORTGAGE, INC. $3,945,000 $2,730,000 -30.8% 1.6%
    FREEDOM MORTGAGE CORPORATION $4,340,000 $2,620,000 -39.6% 1.6%
    American Bank of Oklahoma $3,760,000 $2,200,000 -41.5% 1.3%
    First United Bank and Trust Company $1,675,000 $2,115,000 26.3% 1.3%
    GREYSTONE SERVICING COMPANY LLC $2,035,000 n/a 1.2%
    LOANDEPOT.COM, LLC $2,100,000 $2,015,000 -4.0% 1.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $105,000 $1,910,000 1,719.0% 1.1%
    ASSOCIATED MORTGAGE CORPORATION $2,610,000 $1,755,000 -32.8% 1.0%
    FLAT BRANCH MORTGAGE, INC. $2,345,000 $1,695,000 -27.7% 1.0%
    PENNYMAC LOAN SERVICES, LLC $1,700,000 $1,525,000 -10.3% 0.9%
    PLAZA HOME MORTGAGE, INC. $2,775,000 $1,455,000 -47.6% 0.9%
    VANDERBILT MORTGAGE AND FINANCE, INC. $800,000 $1,380,000 72.5% 0.8%
    AMERISAVE MORTGAGE CORPORATION $1,785,000 $1,275,000 -28.6% 0.8%
    NAVY FEDERAL CREDIT UNION $1,845,000 $1,150,000 -37.7% 0.7%
    Tinker Federal Credit Union $810,000 $1,035,000 27.8% 0.6%
    UNITED WHOLESALE MORTGAGE, LLC $1,720,000 $985,000 -42.7% 0.6%
    The Central Trust Bank $965,000 n/a 0.6%
    BROKER SOLUTIONS, INC. $455,000 $890,000 95.6% 0.5%
    JPMorgan Chase Bank $125,000 $860,000 588.0% 0.5%
    USAA Federal Savings Bank $275,000 $860,000 212.7% 0.5%
    BOKF $2,205,000 $845,000 -61.7% 0.5%
    ACADEMY MORTGAGE CORPORATION $825,000 n/a 0.5%
    21ST MORTGAGE CORPORATION $1,030,000 $815,000 -20.9% 0.5%
    CALIBER HOME LOANS, INC. $1,830,000 $810,000 -55.7% 0.5%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $185,000 $810,000 337.8% 0.5%
    Gateway First Bank $2,300,000 $765,000 -66.7% 0.5%
    COMMUNICATION $755,000 n/a 0.4%
    Mortgage Investment Services Corporation $45,000 $725,000 1,511.1% 0.4%
    Bank 7 $710,000 n/a 0.4%
    Waterstone Mortgage Corporation $195,000 $675,000 246.2% 0.4%
    Mabrey Bank $530,000 $670,000 26.4% 0.4%
    BETTER MORTGAGE CORPORATION $1,335,000 $635,000 -52.4% 0.4%
    NEWREZ LLC $400,000 $635,000 58.8% 0.4%
    PLANET HOME LENDING, LLC $255,000 $615,000 141.2% 0.4%
    The First National Bank of Fort Smith $355,000 $585,000 64.8% 0.3%
    EVERETT FINANCIAL, INC. $565,000 n/a 0.3%
    NEW DAY FINANCIAL, LLC $800,000 $540,000 -32.5% 0.3%
    GUARANTEED RATE, INC. $260,000 $510,000 96.2% 0.3%
    All America Bank $505,000 n/a 0.3%
    FINANCIAL CONCEPTS MORTGAGE, LLC $500,000 n/a 0.3%
    Morgan Stanley Private Bank $490,000 n/a 0.3%
    Great Plains National Bank $155,000 $485,000 212.9% 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $885,000 $480,000 -45.8% 0.3%
    CREDIT HUMAN FEDERAL CREDIT UNION $260,000 $440,000 69.2% 0.3%
    SUN WEST MORTGAGE COMPANY, INC. $435,000 n/a 0.3%
    First Savings Bank $430,000 n/a 0.3%
    Carrington Mortgage Services, LLC $540,000 $415,000 -23.1% 0.2%
    Grand Savings Bank $390,000 n/a 0.2%
    Watermark Capital, Inc. $380,000 n/a 0.2%
    CORNERSTONE HOME LENDING, INC. $2,100,000 $370,000 -82.4% 0.2%
    Flagstar Bank, FSB $115,000 $370,000 221.7% 0.2%
    TRIAD FINANCIAL SERVICES, INC. $515,000 $365,000 -29.1% 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $1,845,000 $355,000 -80.8% 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $350,000 n/a 0.2%
    Simmons Bank $405,000 $330,000 -18.5% 0.2%
    Stride Bank $300,000 $320,000 6.7% 0.2%
    American Airlines Federal Credit Union $335,000 $315,000 -6.0% 0.2%
    PROVIDENT FUNDING ASSOCIATES, L.P. $315,000 n/a 0.2%
    PREMIA MORTGAGE, LLC $285,000 n/a 0.2%
    ZILLOW HOME LOANS, LLC $285,000 n/a 0.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,295,000 $275,000 -78.8% 0.2%
    First Guaranty Mortgage Corporation $315,000 $255,000 -19.0% 0.2%
    HOMETRUST MORTGAGE COMPANY $255,000 n/a 0.2%
    Tulsa Federal Credit Union $255,000 n/a 0.2%
    U.S. Bank $970,000 $255,000 -73.7% 0.2%
    Generations Bank $390,000 $250,000 -35.9% 0.1%
    Discover Bank $245,000 n/a 0.1%
    Magnolia Bank $145,000 $245,000 69.0% 0.1%
    HOME POINT FINANCIAL CORPORATION $360,000 $225,000 -37.5% 0.1%
    UNITED BUILT HOMES, L.L.C. $715,000 $225,000 -68.5% 0.1%
    Paramount Bank $215,000 n/a 0.1%
    Plains Commerce Bank $205,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $180,000 $200,000 11.1% 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $195,000 $195,000 0.0% 0.1%
    Citizens Bank $185,000 n/a 0.1%
    US MORTGAGE CORPORATION $180,000 n/a 0.1%
    EMBRACE HOME LOANS, INC. $175,000 n/a 0.1%
    AMERICAN HOMESTAR MORTGAGE, L.L.C. $155,000 n/a 0.1%
    LEADERONE FINANCIAL CORPORATION $155,000 n/a 0.1%
    AMERICAN ADVISORS GROUP $170,000 $150,000 -11.8% 0.1%
    Bank of America $510,000 $145,000 -71.6% 0.1%
    Eagle Bank and Trust Company $145,000 n/a 0.1%
    First Bank & Trust Co. $145,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $145,000 n/a 0.1%
    MIDWEST LOAN SOLUTIONS, INC. $145,000 n/a 0.1%
    MORTGAGE CLEARING CORPORATION $145,000 $145,000 0.0% 0.1%
    NBKC BANK $205,000 $135,000 -34.1% 0.1%
    Ally Bank $135,000 $125,000 -7.4% 0.1%
    Colonial Savings, F.A. $115,000 n/a 0.1%
    Oakstar Bank $115,000 n/a 0.1%
    VALOR BANK $185,000 $115,000 -37.8% 0.1%
    VILLAGE CAPITAL MORTGAGE $555,000 $115,000 -79.3% 0.1%
    Nations Lending Corporation $115,000 $105,000 -8.7% 0.1%
    RCB Bank $440,000 $105,000 -76.1% 0.1%
    SOUTHWEST STAGE FUNDING, LLC $310,000 $105,000 -66.1% 0.1%
    AMERICAN FINANCING CORPORATION $210,000 $95,000 -54.8% 0.1%
    CSL Financial, LLC $95,000 n/a 0.1%
    FirstTrust Home Loans, Inc. $175,000 $85,000 -51.4% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $405,000 $85,000 -79.0% 0.1%
    PENTAGON FEDERAL CREDIT UNION $85,000 n/a 0.1%
    Oklahoma Educators Credit Union $115,000 $80,000 -30.4% 0.0%
    CHERRY CREEK MORTGAGE, LLC $75,000 n/a 0.0%
    Midwest Mortgage Associates Corporation $75,000 n/a 0.0%
    HOMESTEAD FUNDING CORP. $65,000 n/a 0.0%
    OKLAHOMA CENTRAL Credit Union $195,000 $55,000 -71.8% 0.0%
    Regent Bank $145,000 $55,000 -62.1% 0.0%
    Citizens' Bank & Trust Co. $345,000 $35,000 -89.9% 0.0%

    Tahlequah's top lender by overall market share is Arvest Bank, with 15.5% market share. In second place, with 10.0%, is BancFirst, having originated $16,950,000 in loans. In third place, with 7.8%, is Armstrong Bank, having originated $13,150,000 in loans. In fourth place, with 7.3%, is Chickasaw Community Bank, having originated $12,415,000 in loans. In fifth place, with 6.1%, is Wells Fargo Bank, having originated $10,240,000 in loans.

    Tahlequah, OK Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 517 $109,375,000 $211,557
    Refi 140 $31,230,000 $223,071
    Cash Out Refi 105 $18,835,000 $179,381
    Home Improvement 81 $5,725,000 $70,679
    Other 52 $3,800,000 $73,077

    Tahlequah's most frequently cited loan purpose was Home Purchase, with 517 originations. The 2nd most popular reason was Refi, with 140 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    4-5% 232 $53,690,000 $231,422
    5-6% 231 $43,555,000 $188,550
    3-4% 162 $33,800,000 $208,642
    6-7% 120 $18,450,000 $153,750
    7-8% 53 $4,785,000 $90,283
    2.5-3% 49 $9,085,000 $185,408
    Over 8% 36 $3,020,000 $83,889
    <2.5% 4 $740,000 $185,000

    During 2022, Tahlequah's most frequently originated rate bucket was 4-5%, with 232 originations.

    Loan Sizing (Tahlequah, OK MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 342 $49,270,000 $144,064
    $100,000 or less 279 $16,175,000 $57,975
    $200k-400k 230 $60,500,000 $263,043
    $400k-600k 29 $14,125,000 $487,069
    $600k-1000k 12 $8,450,000 $704,167
    $Over $1MM 3 $20,445,000 $6,815,000

    Tahlequah's loan sizing saw the bucket of loans from $100k-200k with 342 originations, totaling $49,270,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 371 $79,645,000 $214,677
    60-80% 255 $49,255,000 $193,157
    20-40% 87 $7,105,000 $81,667
    40-60% 84 $22,040,000 $262,381
    Under 20% 59 $2,395,000 $40,593
    Over 100% 24 $5,490,000 $228,750

    Tahlequah's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 371 originations, totaling $79,645,000 in origination value.