Woodward Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Woodward averaged 6.32% 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 5.92% and one month ago for the week of 2024-09-05, the average rate was 6.15%.

Woodward's average rate one year ago was 7.39%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.62%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Woodward 30 Year Fixed Rate 2024-10-10 6.32%
Woodward 30 Year Fixed Rate Refi 2024-10-10 6.62%
Woodward 15 Year Fixed Rate 2024-10-10 5.21%
Woodward 15 Year Fixed Rate Refi 2024-10-10 5.91%
Woodward 30 Year FHA 2024-10-10 6%
Woodward 30 Year FHA Refi 2024-10-10 6.3%
Woodward 30 Year USDA 2024-10-10 6.18%
Woodward 30 Year USDA Refi 2024-10-10 5.88%
Woodward 30 Year VA 2024-10-10 5.75%
Woodward 30 Year VA Refi 2024-10-10 5.95%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Woodward, OK.

Woodward 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 Woodward, 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
GUILD MORTGAGE COMPANY 10 7.05% $5,227
Gateway First Bank 8 6.81% $4,147
MidFirst Bank 5 5.89% $3,286
UNITED WHOLESALE MORTGAGE, LLC 4 6.80% $10,230
GUARANTEED RATE, INC. 4 6.86% $4,228
QUICKEN LOANS, LLC 4 6.56% $7,347
Stride Bank 3 6.58% $3,583
Great Plains National Bank 3 6.63% $11,791
F & M Bank 3 7.88% $5,482
Mortgage Research Center, LLC 2 6.94% $3,070
Paramount Residential Mortgage Group, Inc. 2 8.25% $3,577
INTERLINC MORTGAGE SERVICES, LLC 1 7.99% $8,143
OCMBC, INC. 1 7.00% $10,607
POLARIS HOME FUNDING CORP. 1 7.63% $7,120
Tinker Federal Credit Union 1 6.38% $2,388
UNION HOME MORTGAGE CORP. 1 7.75% $3,698
VALOR BANK 1 7.75% $4,445
Access Community Credit Union 1 7.50% $3,753
WINGS FINANCIAL 1 5.38% $2,929
AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $7,224
Arvest Bank 1 6.25% $2,859
BOKF 1 6.13% $4,603
COMMUNICATION 1 8.38% $3,389
CORNERSTONE HOME LENDING, INC. 1 7.63% $6,593
Equity Bank 1 5.99% $3,427
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.99% $13,424
First Western Trust Bank 1 6.00% $1,519
Flagstar Bank, FSB 1 6.63% $2,410
InterBank 1 8.50% $1,483

Woodward Average Closing Costs & Other Stats

Woodward, OK's 29 lenders originated 232 loans during 2023. The total origination value was $34,800,000, with an average loan value of $150,000.

Woodward's average closing costs are $4,597.

The top Woodward lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 10 loans originated. Their average total fees are $5,227, which is $1,080 higher than the next largest lender, Gateway First Bank.

The lowest fee Woodward lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($5,227), .

The lowest rate Woodward lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY (7.05%), .

Woodward, 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
Great Plains National Bank $6,420,000 $4,070,000 -36.6% 11.7%
GUILD MORTGAGE COMPANY $1,800,000 $3,555,000 97.5% 10.2%
Gateway First Bank $2,185,000 $3,195,000 46.2% 9.2%
GUARANTEED RATE, INC. $1,795,000 $2,235,000 24.5% 6.4%
UNITED WHOLESALE MORTGAGE, LLC $135,000 $1,770,000 1,211.1% 5.1%
Mortgage Research Center, LLC $800,000 $1,685,000 110.6% 4.8%
Stride Bank $1,425,000 $1,595,000 11.9% 4.6%
13946 $1,385,000 n/a 4.0%
QUICKEN LOANS, LLC $3,475,000 $1,325,000 -61.9% 3.8%
MidFirst Bank $7,720,000 $1,300,000 -83.2% 3.7%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $570,000 $1,275,000 123.7% 3.7%
Bank 7 $350,000 $620,000 77.1% 1.8%
INTERLINC MORTGAGE SERVICES, LLC $85,000 $620,000 629.4% 1.8%
Paramount Residential Mortgage Group, Inc. $580,000 n/a 1.7%
UNION HOME MORTGAGE CORP. $55,000 $580,000 954.5% 1.7%
TRIAD FINANCIAL SERVICES, INC. $480,000 n/a 1.4%
F & M Bank $815,000 $455,000 -44.2% 1.3%
BROKER SOLUTIONS, INC. $525,000 $395,000 -24.8% 1.1%
Arvest Bank $75,000 $330,000 340.0% 0.9%
First United Bank and Trust Company $715,000 $310,000 -56.6% 0.9%
VALOR BANK $305,000 n/a 0.9%
GUARANTEED RATE AFFINITY, LLC $295,000 n/a 0.8%
PREMIA MORTGAGE, LLC $295,000 n/a 0.8%
Flagstar Bank, FSB $750,000 $265,000 -64.7% 0.8%
SOUTHWEST STAGE FUNDING, LLC $250,000 n/a 0.7%
Equity Bank $240,000 n/a 0.7%
NAVY FEDERAL CREDIT UNION $790,000 $225,000 -71.5% 0.6%
NBC Oklahoma $195,000 n/a 0.6%
OCMBC, INC. $195,000 n/a 0.6%
21ST MORTGAGE CORPORATION $365,000 $190,000 -47.9% 0.5%
First Western Trust Bank $185,000 n/a 0.5%
HOMEXPRESS MORTGAGE CORP. $185,000 n/a 0.5%
MORTGAGE ACCESS CORP. $175,000 n/a 0.5%
The Huntington National Bank $175,000 n/a 0.5%
AMWEST FUNDING CORP. $165,000 n/a 0.5%
POLARIS HOME FUNDING CORP. $165,000 n/a 0.5%
MID AMERICA MORTGAGE, INC. $205,000 $160,000 -22.0% 0.5%
AMERICAN FINANCIAL NETWORK, INC. $155,000 n/a 0.4%
SWBC MORTGAGE CORPORATION $155,000 n/a 0.4%
WINGS FINANCIAL $155,000 n/a 0.4%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $145,000 n/a 0.4%
AMERISAVE MORTGAGE CORPORATION $145,000 n/a 0.4%
CORNERSTONE HOME LENDING, INC. $175,000 $145,000 -17.1% 0.4%
NEW DAY FINANCIAL, LLC $135,000 n/a 0.4%
OKLAHOMA'S $125,000 n/a 0.4%
OPEN MORTGAGE, LLC $115,000 n/a 0.3%
United Fidelity Funding Corp. $115,000 n/a 0.3%
FINANCIAL CONCEPTS MORTGAGE, LLC $105,000 n/a 0.3%
U.S. Bank $310,000 $100,000 -67.7% 0.3%
Access Community Credit Union $95,000 n/a 0.3%
Tinker Federal Credit Union $95,000 n/a 0.3%
AMERICAN FINANCIAL RESOURCES, INC. $75,000 n/a 0.2%
BOKF $95,000 $75,000 -21.1% 0.2%
COMMUNICATION $75,000 n/a 0.2%
InterBank $270,000 $75,000 -72.2% 0.2%
Mortgage Investment Services Corporation $1,220,000 $75,000 -93.9% 0.2%
Bethpage Federal Credit Union $55,000 n/a 0.2%
HomeTrust Bank $55,000 n/a 0.2%
UMB Bank $55,000 n/a 0.2%

Woodward's top lender by overall market share is Great Plains National Bank, with 11.7% market share. In second place, with 10.2%, is GUILD MORTGAGE COMPANY, having originated $3,555,000 in loans. In third place, with 9.2%, is Gateway First Bank, having originated $3,195,000 in loans. In fourth place, with 6.4%, is GUARANTEED RATE, INC., having originated $2,235,000 in loans. In fifth place, with 5.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $1,770,000 in loans.

Woodward, OK Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 173 $27,025,000 $156,214
Refi 31 $4,645,000 $149,839
Cash Out Refi 13 $2,075,000 $159,615
Other 9 $625,000 $69,444
Home Improvement 6 $430,000 $71,667

Woodward's most frequently cited loan purpose was Home Purchase, with 173 originations. The 2nd most popular reason was Refi, with 31 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 82 $12,170,000 $148,415
7-8% 65 $11,495,000 $176,846
Over 8% 33 $3,065,000 $92,879
5-6% 27 $4,695,000 $173,889
<2.5% 3 $125,000 $41,667

During 2023, Woodward's most frequently originated rate bucket was 6-7%, with 82 originations.

Loan Sizing (Woodward, OK MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 112 $16,070,000 $143,482
$100,000 or less 80 $5,180,000 $64,750
$200k-400k 32 $8,330,000 $260,313
$400k-600k 4 $1,790,000 $447,500
$600k-1000k 3 $2,325,000 $775,000
$Over $1MM 1 $1,105,000 $1,105,000

Woodward's loan sizing saw the bucket of loans from $100k-200k with 112 originations, totaling $16,070,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 132 $20,290,000 $153,712
60-80% 43 $7,755,000 $180,349
20-40% 11 $615,000 $55,909
40-60% 11 $1,085,000 $98,636
Under 20% 10 $390,000 $39,000
Over 100% 3 $1,415,000 $471,667

Woodward's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 132 originations, totaling $20,290,000 in origination value.