Which mortgage lender in the Bartlesville, 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 Bartlesville, 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 Bartlesville, OK area in terms of interest rate is Truity Credit Union, with an average “Rate Difference” of -0.11%. This means that, comparing similar borrowers, Truity Credit Union provided a -0.11% lower interest rate for its customers than other lenders in the area. Truity Credit Union has a market share of 28.2%. On the other hand, the most popular lender in the Bartlesville, OK area is Arvest Bank, with a larger market share of 30.9%. Arvest Bank is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.02% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Bartlesville, 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, Truity Credit Union is the cheapest mortgage provider for Conventional and Jumbo mortgages in Bartlesville, OK. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Arvest Bank. The cheapest VA mortgage provider is Open Mortgage. 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.
* Data is compiled for the Bartlesville, OK commuting zone area, which comprises of counties of Labette County, KS, Montgomery County, KS, Nowata County, OK, and Washington County, OK. This includes cities/towns/communities of Bartlesville, OK as well as Independence, KS, Dearing, KS, Ramona, OK, Parsons, KS, Dewey, OK, Nowata, OK, Caney, KS, Copan, OK, Coffeyville, KS, Labette, KS, Cherryvale, KS, Elk City, KS, Bartlett, KS, South Coffeyville, OK, Oswego, KS, New Alluwe, OK, Chetopa, KS, and Delaware, 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.