Top Mortgage Lenders in the Elk City, OK area

Which mortgage lender in the Elk City, OK area typically has the best rates? To help you narrow down where to shop for a mortgage, we provide a data driven ranking of mortgage lenders in the Elk City, OK area by interest rate and market share. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings. We do not receive any compensation from lenders and strive to provide the most objective and authoritative ranking possible.

Based on our data, the cheapest overall lender in the Elk City, OK area is Bancfirst, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.07%. This means that Bancfirst provided a -0.07% lower interest rate for its customers than other lenders in Elk City, OK for a similar set of borrowers. Bancfirst has a market share of 15.0%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 29.2%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of -0.02% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Elk 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, the cheapest lender for Conventional mortgages in Elk City, OK is Bancfirst. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Bancfirst. The cheapest VA mortgage provider is Bancfirst. To get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders by “Rate Rank” for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bancfirst 1, -0.07% 15.00%
Quicken Loans 2, -0.02% 29.17%
InterLinc Mortgage Services 3, 0.03% 26.25%
Great Plains National Bank 4, 0.03% 14.58%
Mid America Mortgage Inc 5, 0.04% 15.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bancfirst 1, -0.09% 16.47%
Quicken Loans 2, -0.02% 21.18%
InterLinc Mortgage Services 3, 0.03% 31.18%
Great Plains National Bank 4, 0.03% 12.94%
Mid America Mortgage Inc 5, 0.04% 18.24%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 48.57%
Mid America Mortgage Inc 2, -0.01% 7.14%
Bancfirst 3, -0.01% 11.43%
InterLinc Mortgage Services 4, 0.02% 14.29%
Great Plains National Bank 5, 0.03% 18.57%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bancfirst 1, -0.05% 19.69%
Mid America Mortgage Inc 2, -0.01% 10.24%
InterLinc Mortgage Services 3, 0.00% 17.32%
Quicken Loans 4, 0.01% 30.71%
Great Plains National Bank 5, 0.03% 22.05%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bancfirst 1, -0.06% 23.38%
Mid America Mortgage Inc 2, -0.00% 14.29%
InterLinc Mortgage Services 3, 0.01% 19.48%
Quicken Loans 4, 0.02% 23.38%
Great Plains National Bank 5, 0.03% 19.48%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bancfirst 1, -0.02% 14.00%
Quicken Loans 2, -0.01% 42.00%
Mid America Mortgage Inc 3, -0.00% 4.00%
InterLinc Mortgage Services 4, 0.00% 14.00%
Great Plains National Bank 5, 0.02% 26.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bancfirst 1, -0.12% 9.00%
Quicken Loans 2, -0.06% 28.00%
InterLinc Mortgage Services 3, 0.03% 36.00%
Great Plains National Bank 4, 0.05% 7.00%
Mid America Mortgage Inc 5, 0.07% 20.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bancfirst 1, -0.14% 9.64%
Quicken Loans 2, -0.07% 20.48%
InterLinc Mortgage Services 3, 0.03% 39.76%
Great Plains National Bank 4, 0.04% 8.43%
Mid America Mortgage Inc 5, 0.07% 21.69%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.02% 64.71%
Mid America Mortgage Inc 2, 0.01% 11.76%
Bancfirst 3, 0.02% 5.88%
InterLinc Mortgage Services 4, 0.06% 17.65%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bancfirst 1, -0.02% 15.38%
Mid America Mortgage Inc 2, -0.02% 23.08%
Quicken Loans 3, -0.01% 23.08%
InterLinc Mortgage Services 4, 0.02% 38.46%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bancfirst 1, -0.02% 20.00%
Mid America Mortgage Inc 2, -0.02% 20.00%
Quicken Loans 3, -0.00% 10.00%
InterLinc Mortgage Services 4, 0.02% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Mid America Mortgage Inc 1, -0.01% 33.33%
Quicken Loans 2, 0.01% 66.67%

* Data is compiled for the Elk City, OK commuting zone area, which comprises of counties of Beckham County, OK, Custer County, OK, Roger Mills County, OK, and Washita County, OK. This includes cities/towns/communities of Elk City, OK as well as Weatherford, OK, Clinton, OK, Sayre, OK, New Cordell, OK, Thomas, OK, Burns Flat, OK, Corn, OK, Sentinel, OK, Erick, OK, and Cheyenne, OK. Lenders must have made at least 30 loans in the area to be included. Source for the data comes from 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 based on the MSA, 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.

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