Which mortgage lender in the Oklahoma City, OK area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Oklahoma City, OK area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.
Going by historical data, the best mortgage lender in the Oklahoma City, OK area in terms of interest rate is Bank of America, with an average “Rate Difference” of -0.21%. This means that, comparing similar borrowers, Bank of America provided a -0.21% lower interest rate for its customers than other lenders in the area. Bank of America has a market share of 0.9%. On the other hand, the most popular lender in the Oklahoma City, OK area is Cornerstone Home Lending, with a larger market share of 9.7%. Cornerstone Home Lending is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.06% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Oklahoma City, OK area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, going by historical data, the cheapest lender for Conventional mortgages in Oklahoma City, OK is Bank of America. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is MidFirst Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is MidFirst Bank. The cheapest VA mortgage provider is Navy Federal Credit Union. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.
Ranking of Mortgage Lenders in Oklahoma City, OK
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| MidFirst Bank | -0.04% | 16.36% | |
| Bank of America | -0.03% | 7.88% | |
| Wells Fargo Bank | -0.02% | 5.45% | |
| First United Bank | -0.00% | 15.15% | |
| Prosperity Bank | -0.00% | 1.82% | |
| Guaranteed Rate | 0.00% | 0.61% | |
| Quicken Loans | 0.00% | 2.42% | |
| Arvest Bank | 0.01% | 2.42% | |
| AMC Mortgage | 0.01% | 0.61% | |
| loanDepot | 0.01% | 0.61% | |
| PrimeLending | 0.01% | 0.61% | |
| Tinker Federal Credit Union | 0.01% | 0.61% | |
| Fidelity Bank Kansas | 0.01% | 0.61% | |
| Churchill Mortgage | 0.01% | 0.61% | |
| Gateway First Bank | 0.01% | 0.61% | |
| US Bank | 0.01% | 9.70% | |
| BancFirst of Oklahoma | 0.01% | 1.82% | |
| Simmons Bank | 0.02% | 2.42% | |
| Flagstar Bank | 0.02% | 1.82% | |
| Fairway Independent Mortgage Corporation | 0.02% | 1.21% | |
| F&M Bank OK | 0.02% | 0.61% | |
| Cornerstone Home Lending | 0.02% | 9.70% | |
| Caliber Home Loans | 0.03% | 2.42% | |
| JPMorgan Chase Bank | 0.03% | 9.09% | |
| SWBC Mortgage | 0.03% | 1.82% | |
| Navy Federal Credit Union | 0.04% | 0.61% | |
| BOK Financial | 0.07% | 2.42% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| MidFirst Bank | -0.05% | 16.98% | |
| Bank of America | -0.04% | 9.43% | |
| Wells Fargo Bank | -0.03% | 6.60% | |
| US Bank | -0.00% | 9.43% | |
| Arvest Bank | 0.00% | 1.89% | |
| Guaranteed Rate | 0.00% | 0.94% | |
| loanDepot | 0.01% | 0.94% | |
| PrimeLending | 0.01% | 0.94% | |
| Fidelity Bank Kansas | 0.01% | 0.94% | |
| Quicken Loans | 0.01% | 1.89% | |
| Churchill Mortgage | 0.01% | 0.94% | |
| Gateway First Bank | 0.01% | 0.94% | |
| Fairway Independent Mortgage Corporation | 0.01% | 0.94% | |
| First United Bank | 0.01% | 11.32% | |
| BancFirst of Oklahoma | 0.01% | 1.89% | |
| Caliber Home Loans | 0.01% | 0.94% | |
| Simmons Bank | 0.02% | 2.83% | |
| Flagstar Bank | 0.02% | 2.83% | |
| SWBC Mortgage | 0.03% | 2.83% | |
| JPMorgan Chase Bank | 0.03% | 10.38% | |
| Navy Federal Credit Union | 0.04% | 0.94% | |
| Cornerstone Home Lending | 0.04% | 9.43% | |
| BOK Financial | 0.07% | 3.77% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| MidFirst Bank | -0.03% | 15.25% | |
| First United Bank | -0.02% | 22.03% | |
| Bank of America | -0.00% | 5.08% | |
| Cornerstone Home Lending | -0.00% | 10.17% | |
| Prosperity Bank | -0.00% | 5.08% | |
| Quicken Loans | 0.00% | 3.39% | |
| AMC Mortgage | 0.01% | 1.69% | |
| Arvest Bank | 0.01% | 3.39% | |
| Tinker Federal Credit Union | 0.01% | 1.69% | |
| Simmons Bank | 0.01% | 1.69% | |
| BancFirst of Oklahoma | 0.02% | 1.69% | |
| Wells Fargo Bank | 0.02% | 3.39% | |
| JPMorgan Chase Bank | 0.02% | 6.78% | |
| F&M Bank OK | 0.02% | 1.69% | |
| US Bank | 0.03% | 10.17% | |
| Fairway Independent Mortgage Corporation | 0.03% | 1.69% | |
| Caliber Home Loans | 0.03% | 5.08% |
* Data is compiled for the Oklahoma City, OK commuting zone area, which comprises of counties of Caddo County, OK, Canadian County, OK, Cleveland County, OK, Grady County, OK, Kingfisher County, OK, Lincoln County, OK, Logan County, OK, McClain County, OK, and Oklahoma County, OK. This includes cities/towns/communities of Oklahoma City, OK as well as Edmond, OK, Norman, OK, Moore, OK, Midwest City, OK, Guthrie, OK, Yukon, OK, Mustang, OK, Choctaw, OK, Tuttle, OK, El Reno, OK, Newcastle, OK, The Village, OK, Bethany, OK, Cedar Valley, OK, Del City, OK, Blanchard, OK, Chickasha, OK, Harrah, OK, Blanchard, OK, Goldsby, OK, Piedmont, OK, Noble, OK, Slaughterville, OK, Meeker, OK, Kingfisher, OK, Warr Acres, OK, Chandler, OK, Purcell, OK, Prague, OK, Luther, OK, Rush Springs, OK, Nichols Hills, OK, Forest Park, OK, Crescent, OK, Jones, OK, Wellston, OK, Langston, OK, Stroud, OK, Okarche, OK, Wayne, OK, Hinton, OK, Davenport, OK, Carney, OK, Calumet, OK, Hennessey, OK, Minco, OK, Lexington, OK, Cyril, OK, Fort Cobb, OK, and Anadarko, OK. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.
Mortgage Lender Rankings in Other Cities
This page contains information about the top mortgage lenders in the Oklahoma City, OK area. For mortgage lender rankings in other cities, click here.