Weatherford Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Weatherford averaged
6.66%
for the week of 2024-12-12, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2024-12-05) was
6.85% and
one month ago for the week of 2024-11-07, the
average rate was 6.85%.
Weatherford's average rate one year ago was 7.29%.
For refis of the same type during the week of 2024-12-12, the average rate
was 6.5%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-12-12 | 6.6% |
Weatherford 30 Year Fixed Rate | 2024-12-12 | 6.66% |
Weatherford 30 Year Fixed Rate Refi | 2024-12-12 | 6.5% |
Weatherford 15 Year Fixed Rate | 2024-12-12 | 5.64% |
Weatherford 15 Year Fixed Rate Refi | 2024-12-12 | 6.14% |
Weatherford 30 Year FHA | 2024-12-12 | 6.08% |
Weatherford 30 Year FHA Refi | 2024-12-12 | 6.58% |
Weatherford 30 Year USDA | 2024-12-12 | 6.2% |
Weatherford 30 Year USDA Refi | 2024-12-12 | 6.5% |
Weatherford 30 Year VA | 2024-12-12 | 6.08% |
Weatherford 30 Year VA Refi | 2024-12-12 | 6.28% |
Weatherford 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 Weatherford, 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.).
Weatherford Average Closing Costs & Other Stats
Weatherford, OK's 27 lenders originated 277
loans during 2023. The total origination value was $50,455,000, with an average loan value of
$182,148.
Weatherford's average closing costs are $4,831.
The top Weatherford lender as defined by loan originations is BancFirst, with
10 loans originated. Their average total fees are
$4,471, which is $373
lower than the next largest lender,
INTERLINC MORTGAGE SERVICES, LLC.
The lowest fee Weatherford lenders (with over 10 loans originated) are
BancFirst ($4,471), .
The lowest rate Weatherford lenders (with over 10 loans originated) are
BancFirst (6.80%), .
Weatherford, 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 | $8,160,000 | $5,685,000 | -30.3% | 11.3% |
QUICKEN LOANS, LLC | $7,805,000 | $5,550,000 | -28.9% | 11.0% |
INTERLINC MORTGAGE SERVICES, LLC | $5,060,000 | $4,985,000 | -1.5% | 9.9% |
GUARANTEED RATE, INC. | $7,700,000 | $3,525,000 | -54.2% | 7.0% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $75,000 | $3,345,000 | 4,360.0% | 6.6% |
Great Plains National Bank | $2,080,000 | $3,155,000 | 51.7% | 6.3% |
Mortgage Research Center, LLC | $1,670,000 | $2,510,000 | 50.3% | 5.0% |
InterBank | $1,965,000 | $1,525,000 | -22.4% | 3.0% |
FINANCIAL CONCEPTS MORTGAGE, LLC | $525,000 | $1,420,000 | 170.5% | 2.8% |
UNITED WHOLESALE MORTGAGE, LLC | $435,000 | $1,160,000 | 166.7% | 2.3% |
CWM PARTNERS, L.P. | $1,755,000 | $1,155,000 | -34.2% | 2.3% |
FIRST AMERICAN MORTGAGE, INC. | $1,055,000 | $1,025,000 | -2.8% | 2.0% |
VALOR BANK | $340,000 | $950,000 | 179.4% | 1.9% |
SUN WEST MORTGAGE COMPANY, INC. | $230,000 | $780,000 | 239.1% | 1.5% |
GUILD MORTGAGE COMPANY | $570,000 | $755,000 | 32.5% | 1.5% |
Legacy Bank | $1,175,000 | $640,000 | -45.5% | 1.3% |
MidFirst Bank | $485,000 | $600,000 | 23.7% | 1.2% |
AMERISAVE MORTGAGE CORPORATION | $480,000 | $540,000 | 12.5% | 1.1% |
USAA Federal Savings Bank | $510,000 | $480,000 | -5.9% | 1.0% |
JPMorgan Chase Bank | $210,000 | $470,000 | 123.8% | 0.9% |
NAVY FEDERAL CREDIT UNION | $55,000 | $465,000 | 745.5% | 0.9% |
BROKER SOLUTIONS, INC. | $445,000 | n/a | 0.9% | |
First National Bank in Port Lavaca | $425,000 | n/a | 0.8% | |
United Fidelity Funding Corp. | $420,000 | n/a | 0.8% | |
First United Bank and Trust Company | $970,000 | $410,000 | -57.7% | 0.8% |
WEOKIE | $315,000 | $405,000 | 28.6% | 0.8% |
FREEDOM MORTGAGE CORPORATION | $330,000 | $375,000 | 13.6% | 0.7% |
ASSOCIATED MORTGAGE CORPORATION | $350,000 | n/a | 0.7% | |
SUCCESS MORTGAGE PARTNERS, INC. | $350,000 | n/a | 0.7% | |
FLAT BRANCH MORTGAGE, INC. | $320,000 | n/a | 0.6% | |
Ameris Bank | $315,000 | n/a | 0.6% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $300,000 | n/a | 0.6% | |
PLAZA HOME MORTGAGE, INC. | $385,000 | $295,000 | -23.4% | 0.6% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $215,000 | $265,000 | 23.3% | 0.5% |
MID AMERICA MORTGAGE, INC. | $970,000 | $255,000 | -73.7% | 0.5% |
Bank 7 | $245,000 | n/a | 0.5% | |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $235,000 | n/a | 0.5% | |
International Bank of Commerce | $225,000 | n/a | 0.4% | |
21ST MORTGAGE CORPORATION | $305,000 | $215,000 | -29.5% | 0.4% |
Nations Lending Corporation | $85,000 | $215,000 | 152.9% | 0.4% |
NFM, INC. | $215,000 | n/a | 0.4% | |
JMJ FINANCIAL GROUP | $205,000 | n/a | 0.4% | |
Wells Fargo Bank | $705,000 | $205,000 | -70.9% | 0.4% |
MUTUAL OF OMAHA MORTGAGE, INC. | $175,000 | $180,000 | 2.9% | 0.4% |
Tinker Federal Credit Union | $25,000 | $180,000 | 620.0% | 0.4% |
MLD MORTGAGE INC. | $155,000 | n/a | 0.3% | |
NEWREZ LLC | $985,000 | $155,000 | -84.3% | 0.3% |
SENTE MORTGAGE, INC. | $155,000 | n/a | 0.3% | |
Bank of England | $145,000 | n/a | 0.3% | |
CORNERSTONE HOME LENDING, INC. | $910,000 | $135,000 | -85.2% | 0.3% |
OKLAHOMA'S | $135,000 | n/a | 0.3% | |
PENTAGON FEDERAL CREDIT UNION | $135,000 | n/a | 0.3% | |
Flagstar Bank, FSB | $230,000 | $125,000 | -45.7% | 0.2% |
Mr. Cooper ( Nationstar Mortgage ) | $1,120,000 | $125,000 | -88.8% | 0.2% |
Equity Bank | $35,000 | $115,000 | 228.6% | 0.2% |
PENNYMAC LOAN SERVICES, LLC | $345,000 | $115,000 | -66.7% | 0.2% |
AMERICAN FINANCING CORPORATION | $770,000 | $105,000 | -86.4% | 0.2% |
LOANDEPOT.COM, LLC | $125,000 | $105,000 | -16.0% | 0.2% |
COMMUNICATION | $25,000 | $100,000 | 300.0% | 0.2% |
Gateway First Bank | $870,000 | $100,000 | -88.5% | 0.2% |
AMERICAN FINANCIAL NETWORK, INC. | $95,000 | n/a | 0.2% | |
Deere Employees Credit Union | $625,000 | $95,000 | -84.8% | 0.2% |
Oklahoma Educators Credit Union | $95,000 | n/a | 0.2% | |
American Mortgage Bank, LLC | $75,000 | n/a | 0.1% | |
Arvest Bank | $455,000 | $75,000 | -83.5% | 0.1% |
LENDINGHOME FUNDING CORPORATION | $75,000 | n/a | 0.1% | |
Stride Bank | $275,000 | $75,000 | -72.7% | 0.1% |
Figure Lending LLC | $60,000 | n/a | 0.1% | |
Truity Federal Credit Union | $45,000 | n/a | 0.1% | |
Coastal Community Bank | $25,000 | n/a | 0.0% | |
PNC Bank | $115,000 | $25,000 | -78.3% | 0.0% |
U.S. Bank | $530,000 | $25,000 | -95.3% | 0.0% |
Citizens Bank | $15,000 | n/a | 0.0% |
Weatherford's top lender by overall market share is BancFirst, with 11.3% market share. In second place, with 11.0%, is QUICKEN LOANS, LLC, having originated $5,550,000 in loans. In third place, with 9.9%, is INTERLINC MORTGAGE SERVICES, LLC, having originated $4,985,000 in loans. In fourth place, with 7.0%, is GUARANTEED RATE, INC., having originated $3,525,000 in loans. In fifth place, with 6.6%, is VANDERBILT MORTGAGE AND FINANCE, INC., having originated $3,345,000 in loans.
Weatherford Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Weatherford (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $161,100 (-9.5%) | $226,277 (-1.1%) | 0.00 | 109 |
2018-02-01 | $160,650 (-8.7%) | $221,498 (-3.3%) | 0.00 | 103 |
2018-03-01 | $160,200 (-9.0%) | $206,725 (-8.3%) | 0.00 | 105 |
2018-04-01 | $165,950 (-5.7%) | $225,528 (0.4%) | 0.00 | 112 |
2018-05-01 | $164,500 (-6.0%) | $224,183 (0.1%) | 0.00 | 110 |
2018-06-01 | $162,000 (-9.3%) | $199,364 (-18.9%) | 0.00 | 109 |
2018-07-01 | $157,400 (-15.6%) | $196,062 (-21.4%) | 0.00 | 109 |
2018-08-01 | $155,675 (-20.0%) | $192,928 (-24.0%) | 0.00 | 105 |
2018-09-01 | $160,200 (-17.1%) | $194,706 (-24.1%) | 0.00 | 96 |
2018-10-01 | $160,125 (-16.4%) | $203,022 (-20.6%) | 0.00 | 93 |
2018-11-01 | $160,200 (-5.7%) | $210,714 (-12.2%) | 0.00 | 85 |
2018-12-01 | $161,100 (-0.3%) | $212,641 (-6.6%) | 0.00 | 81 |
2019-01-01 | $155,425 (-3.5%) | $197,429 (-12.8%) | 0.00 | 87 |
2019-02-01 | $142,450 (-11.3%) | $185,184 (-16.4%) | 0.00 | 84 |
2019-03-01 | $148,550 (-7.3%) | $197,380 (-4.5%) | 0.00 | 82 |
2019-04-01 | $148,100 (-10.8%) | $204,350 (-9.4%) | 0.00 | 88 |
2019-05-01 | $157,450 (-4.3%) | $203,760 (-9.1%) | 0.00 | 97 |
2019-06-01 | $174,500 (7.7%) | $209,369 (5.0%) | 0.00 | 102 |
2019-07-01 | $169,800 (7.9%) | $206,376 (5.3%) | 0.00 | 102 |
2019-08-01 | $166,700 (7.1%) | $206,429 (7.0%) | 0.00 | 108 |
2019-09-01 | $169,400 (5.7%) | $209,253 (7.5%) | 0.00 | 113 |
2019-10-01 | $173,000 (8.0%) | $211,135 (4.0%) | 0.00 | 115 |
2019-11-01 | $176,200 (10.0%) | $211,281 (0.3%) | 0.00 | 113 |
2019-12-01 | $177,000 (9.9%) | $214,917 (1.1%) | 0.00 | 108 |
2020-01-01 | $176,500 (13.6%) | $210,650 (6.7%) | 0.00 | 112 |
2020-02-01 | $174,500 (22.5%) | $210,313 (13.6%) | 0.00 | 105 |
2020-03-01 | $179,300 (20.7%) | $215,140 (9.0%) | 0.00 | 110 |
2020-04-01 | $183,250 (23.7%) | $230,389 (12.7%) | 0.00 | 121 |
2020-05-01 | $179,900 (14.3%) | $227,249 (11.5%) | 0.00 | 115 |
2020-06-01 | $188,400 (8.0%) | $227,375 (8.6%) | 0.00 | 114 |
2020-07-01 | $190,325 (12.1%) | $222,711 (7.9%) | 0.00 | 113 |
2020-08-01 | $199,900 (19.9%) | $235,523 (14.1%) | 0.00 | 111 |
2020-09-01 | $217,450 (28.4%) | $236,763 (13.2%) | 0.00 | 113 |
2020-10-01 | $199,450 (15.3%) | $232,705 (10.2%) | 0.00 | 116 |
2020-11-01 | $198,475 (12.6%) | $232,167 (9.9%) | 0.00 | 105 |
2020-12-01 | $198,825 (12.3%) | $236,252 (9.9%) | 0.00 | 97 |
2021-01-01 | $198,500 (12.5%) | $230,515 (9.4%) | 0.00 | 94 |
2021-02-01 | $187,850 (7.7%) | $222,796 (5.9%) | 0.00 | 84 |
2021-03-01 | $196,500 (9.6%) | $235,699 (9.6%) | 0.00 | 81 |
2021-04-01 | $182,000 (-0.7%) | $207,162 (-10.1%) | 0.00 | 83 |
2021-05-01 | $179,900 (0.0%) | $200,770 (-11.7%) | 0.00 | 79 |
2021-06-01 | $176,475 (-6.3%) | $192,399 (-15.4%) | 0.00 | 71 |
2021-07-01 | $175,000 (-8.1%) | $187,763 (-15.7%) | 0.00 | 80 |
2021-08-01 | $164,225 (-17.9%) | $185,315 (-21.3%) | 0.00 | 71 |
2021-09-01 | $159,900 (-26.5%) | $184,966 (-21.9%) | 0.00 | 70 |
2021-10-01 | $172,000 (-13.8%) | $200,452 (-13.9%) | 0.00 | 68 |
2021-11-01 | $173,725 (-12.5%) | $235,502 (1.4%) | 0.00 | 72 |
2021-12-01 | $167,375 (-15.8%) | $224,252 (-5.1%) | 0.00 | 60 |
2022-01-01 | $154,800 (-22.0%) | $216,072 (-6.3%) | 0.00 | 54 |
2022-02-01 | $159,700 (-15.0%) | $211,053 (-5.3%) | 0.00 | 55 |
2022-03-01 | $162,450 (-17.3%) | $227,765 (-3.4%) | 0.00 | 49 |
2022-04-01 | $148,000 (-18.7%) | $208,964 (0.9%) | 0.00 | 64 |
2022-05-01 | $159,250 (-11.5%) | $224,741 (11.9%) | 0.00 | 59 |
2022-06-01 | $175,750 (-0.4%) | $239,044 (24.2%) | 0.00 | 61 |
2022-07-01 | $185,000 (5.7%) | $226,954 (20.9%) | 0.00 | 62 |
2022-08-01 | $185,000 (12.7%) | $232,833 (25.6%) | 0.00 | 71 |
2022-09-01 | $192,500 (20.4%) | $254,284 (37.5%) | 0.00 | 68 |
2022-10-01 | $194,800 (13.3%) | $287,590 (43.5%) | 0.00 | 70 |
2022-11-01 | $165,750 (-4.6%) | $266,121 (13.0%) | 0.00 | 75 |
2022-12-01 | $199,000 (18.9%) | $247,305 (10.3%) | 0.00 | 72 |
2023-01-01 | $191,225 (23.5%) | $242,000 (12.0%) | 0.00 | 65 |
2023-02-01 | $157,500 (-1.4%) | $233,295 (10.5%) | 0.00 | 61 |
2023-03-01 | $164,950 (1.5%) | $235,340 (3.3%) | 0.00 | 57 |
2023-04-01 | $165,000 (11.5%) | $248,106 (18.7%) | 0.00 | 55 |
2023-05-01 | $168,750 (6.0%) | $245,390 (9.2%) | 0.00 | 64 |
2023-06-01 | $199,900 (13.7%) | $255,453 (6.9%) | 0.00 | 72 |
2023-07-01 | $188,500 (1.9%) | $240,646 (6.0%) | 0.00 | 77 |
2023-08-01 | $196,900 (6.4%) | $249,985 (7.4%) | 0.00 | 76 |
2023-09-01 | $198,000 (2.9%) | $251,977 (-0.9%) | 0.00 | 72 |
2023-10-01 | $198,250 (1.8%) | $260,963 (-9.3%) | 0.00 | 77 |
2023-11-01 | $202,176 (22.0%) | $268,177 (0.8%) | 0.00 | 71 |
2023-12-01 | $199,000 (0.0%) | $255,786 (3.4%) | 0.00 | 66 |
2024-01-01 | $196,700 (2.9%) | $239,396 (-1.1%) | 0.00 | 66 |
2024-02-01 | $193,320 (22.7%) | $230,362 (-1.3%) | 0.00 | 71 |
2024-03-01 | $194,400 (17.9%) | $253,819 (7.9%) | 0.00 | 70 |
2024-04-01 | $194,685 (18.0%) | $239,894 (-3.3%) | 0.00 | 71 |
2024-05-01 | $199,000 (17.9%) | $243,840 (-0.6%) | 0.00 | 67 |
2024-06-01 | $205,000 (2.6%) | $256,839 (0.5%) | 0.00 | 66 |
2024-07-01 | $199,900 (6.1%) | $241,228 (0.2%) | 0.00 | 62 |
2024-08-01 | $199,900 (1.5%) | $238,232 (-4.7%) | 0.00 | 63 |
2024-09-01 | $192,250 (-2.9%) | $237,551 (-5.7%) | 0.00 | 79 |
2024-10-01 | $220,000 (11.0%) | $256,146 (-1.9%) | 0.00 | 76 |
2024-11-01 | $189,000 (-6.5%) | $256,371 (-4.4%) | 0.00 | 77 |
Weatherford's median listing price comes in at 0% of the national average.
Weatherford's average listing price for 2024-11-01 was $256,371, a difference of $-11,806 (-4.4%) versus the prior year and $225 versus the prior month.
For the 2024-11-01 period, Weatherford had 77 MLS listings, a difference of 1 listings (1%) versus the prior month and 6 listings (8%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Weatherford (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,799 sqft |
2018-02-01 | 0 days | 1,773 sqft |
2018-03-01 | 0 days | 1,758 sqft |
2018-04-01 | 0 days | 1,794 sqft |
2018-05-01 | 0 days | 1,786 sqft |
2018-06-01 | 0 days | 1,780 sqft |
2018-07-01 | 0 days | 1,781 sqft |
2018-08-01 | 0 days | 1,781 sqft |
2018-09-01 | 0 days | 1,800 sqft |
2018-10-01 | 0 days | 1,831 sqft |
2018-11-01 | 0 days | 1,809 sqft |
2018-12-01 | 0 days | 1,805 sqft |
2019-01-01 | 0 days | 1,789 sqft |
2019-02-01 | 0 days | 1,724 sqft |
2019-03-01 | 0 days | 1,764 sqft |
2019-04-01 | 0 days | 1,794 sqft |
2019-05-01 | 0 days | 1,787 sqft |
2019-06-01 | 0 days | 1,826 sqft |
2019-07-01 | 0 days | 1,858 sqft |
2019-08-01 | 0 days | 1,856 sqft |
2019-09-01 | 0 days | 1,843 sqft |
2019-10-01 | 0 days | 1,850 sqft |
2019-11-01 | 0 days | 1,865 sqft |
2019-12-01 | 0 days | 1,806 sqft |
2020-01-01 | 0 days | 1,806 sqft |
2020-02-01 | 0 days | 1,869 sqft |
2020-03-01 | 0 days | 1,946 sqft |
2020-04-01 | 0 days | 1,952 sqft |
2020-05-01 | 0 days | 1,917 sqft |
2020-06-01 | 0 days | 1,992 sqft |
2020-07-01 | 0 days | 1,993 sqft |
2020-08-01 | 0 days | 2,078 sqft |
2020-09-01 | 0 days | 2,045 sqft |
2020-10-01 | 0 days | 2,026 sqft |
2020-11-01 | 0 days | 2,066 sqft |
2020-12-01 | 0 days | 2,096 sqft |
2021-01-01 | 0 days | 2,096 sqft |
2021-02-01 | 0 days | 2,008 sqft |
2021-03-01 | 0 days | 2,099 sqft |
2021-04-01 | 0 days | 1,984 sqft |
2021-05-01 | 0 days | 1,903 sqft |
2021-06-01 | 0 days | 1,776 sqft |
2021-07-01 | 0 days | 1,730 sqft |
2021-08-01 | 0 days | 1,741 sqft |
2021-09-01 | 0 days | 1,677 sqft |
2021-10-01 | 0 days | 1,716 sqft |
2021-11-01 | 0 days | 1,774 sqft |
2021-12-01 | 0 days | 1,733 sqft |
2022-01-01 | 0 days | 1,781 sqft |
2022-02-01 | 0 days | 1,729 sqft |
2022-03-01 | 0 days | 1,773 sqft |
2022-04-01 | 0 days | 1,662 sqft |
2022-05-01 | 0 days | 1,701 sqft |
2022-06-01 | 0 days | 1,668 sqft |
2022-07-01 | 0 days | 1,717 sqft |
2022-08-01 | 0 days | 1,720 sqft |
2022-09-01 | 0 days | 1,701 sqft |
2022-10-01 | 0 days | 1,720 sqft |
2022-11-01 | 0 days | 1,643 sqft |
2022-12-01 | 0 days | 1,727 sqft |
2023-01-01 | 0 days | 1,737 sqft |
2023-02-01 | 0 days | 1,692 sqft |
2023-03-01 | 0 days | 1,613 sqft |
2023-04-01 | 0 days | 1,652 sqft |
2023-05-01 | 0 days | 1,738 sqft |
2023-06-01 | 0 days | 1,776 sqft |
2023-07-01 | 0 days | 1,772 sqft |
2023-08-01 | 0 days | 1,776 sqft |
2023-09-01 | 0 days | 1,744 sqft |
2023-10-01 | 0 days | 1,733 sqft |
2023-11-01 | 0 days | 1,780 sqft |
2023-12-01 | 0 days | 1,668 sqft |
2024-01-01 | 0 days | 1,672 sqft |
2024-02-01 | 0 days | 1,633 sqft |
2024-03-01 | 0 days | 1,653 sqft |
2024-04-01 | 0 days | 1,636 sqft |
2024-05-01 | 0 days | 1,590 sqft |
2024-06-01 | 0 days | 1,752 sqft |
2024-07-01 | 0 days | 1,669 sqft |
2024-08-01 | 0 days | 1,700 sqft |
2024-09-01 | 0 days | 1,752 sqft |
2024-10-01 | 0 days | 1,827 sqft |
2024-11-01 | 0 days | 1,907 sqft |
Weatherford's median square footage for active listings during the 2024-11-01 period was 1,907 sqft. One year prior, the average listing was 1,780 sqft.
Weatherford, OK Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 214 | $42,320,000 | $197,757 |
Refi | 18 | $4,090,000 | $227,222 |
Cash Out Refi | 17 | $2,485,000 | $146,176 |
Other | 15 | $705,000 | $47,000 |
Home Improvement | 13 | $855,000 | $65,769 |
Weatherford's most frequently cited loan purpose was Home Purchase, with 214 originations. The 2nd most popular reason was Refi, with 18 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 101 | $19,445,000 | $192,525 |
7-8% | 86 | $16,740,000 | $194,651 |
Over 8% | 43 | $5,475,000 | $127,326 |
5-6% | 34 | $6,780,000 | $199,412 |
<2.5% | 5 | $215,000 | $43,000 |
4-5% | 2 | $490,000 | $245,000 |
During 2023, Weatherford's most frequently originated rate bucket was 6-7%, with 101 originations.
Loan Sizing (Weatherford, OK MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 104 | $15,490,000 | $148,942 |
$200k-400k | 85 | $22,235,000 | $261,588 |
$100,000 or less | 75 | $4,375,000 | $58,333 |
$400k-600k | 10 | $4,630,000 | $463,000 |
$Over $1MM | 2 | $2,980,000 | $1,490,000 |
$600k-1000k | 1 | $745,000 | $745,000 |
Weatherford's loan sizing saw the bucket of loans from $100k-200k with 104 originations, totaling $15,490,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 156 | $29,230,000 | $187,372 |
60-80% | 59 | $12,255,000 | $207,712 |
40-60% | 17 | $4,085,000 | $240,294 |
Under 20% | 17 | $505,000 | $29,706 |
20-40% | 15 | $1,805,000 | $120,333 |
Over 100% | 7 | $1,265,000 | $180,714 |
Weatherford's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 156 originations, totaling $29,230,000 in origination value.