Tahlequah Mortgage Rates & Closing Costs
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% |
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 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.