Top Mortgage Lenders in the Shawnee, OK area

Which mortgage lender in the Shawnee, 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 Shawnee, 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 Shawnee, OK area is First United Bank And Trust Co, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.06%. This means that First United Bank And Trust Co provided a -0.06% lower interest rate for its customers than other lenders in Shawnee, OK for a similar set of borrowers. First United Bank And Trust Co has a market share of 40.3%. It is also the most popular lender in the area.

Our detailed rankings of the mortgage lenders for the Shawnee, 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 Shawnee, OK is First United Bank And Trust Co. If you want to take out a loan that is above conforming limits (for example, above $510,400 in 2020), the cheapest Jumbo mortgage provider is First United Bank And Trust Co. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is First United Bank And Trust Co. The cheapest VA mortgage provider is First United Bank And Trust Co. 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
First United Bank And Trust Co 1, -0.06% 40.28%
Bancfirst 2, 0.00% 12.56%
Arvest Bank 3, 0.01% 15.83%
Bokf 4, 0.02% 6.54%
Gateway First Bank 5, 0.05% 6.71%
Quicken Loans 6, 0.09% 18.07%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First United Bank And Trust Co 1, -0.04% 50.50%
Bancfirst 2, -0.02% 10.75%
Arvest Bank 3, 0.01% 15.50%
Bokf 4, 0.04% 5.75%
Gateway First Bank 5, 0.08% 6.25%
Quicken Loans 6, 0.11% 11.25%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First United Bank And Trust Co 1, -0.08% 17.68%
Bokf 2, -0.03% 8.29%
Arvest Bank 3, -0.01% 16.57%
Gateway First Bank 4, 0.00% 7.73%
Bancfirst 5, 0.02% 16.57%
Quicken Loans 6, 0.05% 33.15%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First United Bank And Trust Co 1, -0.05% 37.57%
Bancfirst 2, -0.01% 16.02%
Bokf 3, -0.00% 6.35%
Arvest Bank 4, 0.00% 19.06%
Gateway First Bank 5, 0.04% 6.08%
Quicken Loans 6, 0.10% 14.92%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bancfirst 1, -0.04% 13.96%
First United Bank And Trust Co 2, -0.02% 48.20%
Arvest Bank 3, 0.02% 18.92%
Bokf 4, 0.02% 4.95%
Gateway First Bank 5, 0.06% 4.95%
Quicken Loans 6, 0.11% 9.01%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First United Bank And Trust Co 1, -0.08% 20.71%
Bokf 2, -0.04% 8.57%
Arvest Bank 3, -0.01% 19.29%
Gateway First Bank 4, 0.00% 7.86%
Bancfirst 5, 0.02% 19.29%
Quicken Loans 6, 0.08% 24.29%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First United Bank And Trust Co 1, -0.08% 46.62%
Arvest Bank 2, 0.02% 8.78%
Bancfirst 3, 0.05% 7.43%
Bokf 4, 0.07% 5.41%
Quicken Loans 5, 0.09% 24.32%
Gateway First Bank 6, 0.10% 7.43%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First United Bank And Trust Co 1, -0.07% 56.56%
Arvest Bank 2, 0.03% 9.02%
Bancfirst 3, 0.06% 6.56%
Bokf 4, 0.07% 4.92%
Gateway First Bank 5, 0.11% 8.20%
Quicken Loans 6, 0.13% 14.75%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bancfirst 1, -0.01% 11.54%
Quicken Loans 2, -0.00% 69.23%
Arvest Bank 3, -0.00% 7.69%
Gateway First Bank 4, 0.01% 3.85%
Bokf 5, 0.04% 7.69%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First United Bank And Trust Co 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First United Bank And Trust Co 1, 0.00% 100.00%
Insufficient data available.
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First United Bank And Trust Co 1, -0.02% 40.00%
Arvest Bank 2, -0.02% 14.29%
Bokf 3, 0.00% 10.00%
Bancfirst 4, 0.02% 5.71%
Gateway First Bank 5, 0.03% 8.57%
Quicken Loans 6, 0.04% 21.43%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Arvest Bank 1, -0.02% 16.36%
First United Bank And Trust Co 2, -0.02% 45.45%
Bokf 3, 0.01% 10.91%
Bancfirst 4, 0.02% 7.27%
Gateway First Bank 5, 0.04% 7.27%
Quicken Loans 6, 0.07% 12.73%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First United Bank And Trust Co 1, -0.02% 20.00%
Bokf 2, -0.02% 6.67%
Gateway First Bank 3, -0.01% 13.33%
Arvest Bank 4, -0.01% 6.67%
Quicken Loans 5, 0.01% 53.33%

* Data is compiled for the Shawnee, OK commuting zone area, which comprises of counties of Hughes County, OK, Okfuskee County, OK, Okmulgee County, OK, Pottawatomie County, OK, and Seminole County, OK. This includes cities/towns/communities of Shawnee, OK as well as Tecumseh, OK, Okmulgee, OK, Bethel Acres, OK, Seminole, OK, McLoud, OK, Beggs, OK, Henryetta, OK, Holdenville, OK, Morris, OK, Wewoka, OK, Bearden, OK, Okemah, OK, Konawa, OK, Asher, OK, Spaulding, OK, Calvin, OK, Dewar, OK, Boley, OK, Bowlegs, OK, Maud, OK, Sasakwa, OK, Cromwell, OK, Weleetka, OK, and Wetumka, 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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