Top Mortgage Lenders in Ada, OK

Which mortgage lender in the Ada, 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 Ada, 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 Ada, OK area is Bank 2, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.09%. This means that Bank 2 provided a -0.09% lower interest rate for its customers than other lenders in Ada, OK for a similar set of borrowers. Bank 2 has a market share of 19.4%. On the other hand, the most popular lender in the market is Gateway First Bank, with a market share of 32.9%. Gateway First Bank is an average rate lender in this area, with a “Rate Difference” of +0.01% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Ada, 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 Ada, OK is Gateway First Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Bank 2. The cheapest VA mortgage provider is also Bank 2. Nevertheless, to get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders for your desired mortgage type and purpose.

Ranking of Mortgage Lenders in Ada, OK

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bank 2 1, -0.09% 19.38%
First United Bank And Trust Co 2, 0.00% 15.92%
Gateway First Bank 3, 0.01% 32.87%
Quicken Loans 4, 0.04% 17.65%
Guild Mortgage Company 5, 0.05% 14.19%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bank 2 1, -0.11% 23.78%
First United Bank And Trust Co 2, 0.00% 19.46%
Gateway First Bank 3, 0.03% 36.22%
Quicken Loans 4, 0.04% 9.19%
Guild Mortgage Company 5, 0.09% 11.35%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gateway First Bank 1, -0.04% 26.92%
Bank 2 2, -0.03% 11.54%
First United Bank And Trust Co 3, -0.01% 9.62%
Guild Mortgage Company 4, 0.00% 19.23%
Quicken Loans 5, 0.04% 32.69%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gateway First Bank 1, -0.06% 37.58%
Bank 2 2, -0.00% 6.71%
First United Bank And Trust Co 3, 0.02% 20.81%
Guild Mortgage Company 4, 0.03% 16.11%
Quicken Loans 5, 0.06% 18.79%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gateway First Bank 1, -0.06% 43.59%
Bank 2 2, 0.02% 6.41%
First United Bank And Trust Co 3, 0.04% 29.49%
Quicken Loans 4, 0.06% 11.54%
Guild Mortgage Company 5, 0.08% 8.97%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gateway First Bank 1, -0.05% 30.99%
Bank 2 2, -0.03% 7.04%
First United Bank And Trust Co 3, -0.01% 11.27%
Guild Mortgage Company 4, 0.01% 23.94%
Quicken Loans 5, 0.06% 26.76%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bank 2 1, -0.11% 39.25%
First United Bank And Trust Co 2, -0.06% 10.28%
Quicken Loans 3, 0.02% 12.15%
Guild Mortgage Company 4, 0.11% 11.21%
Gateway First Bank 5, 0.13% 27.10%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bank 2 1, -0.13% 39.56%
First United Bank And Trust Co 2, -0.06% 12.09%
Quicken Loans 3, 0.03% 6.59%
Guild Mortgage Company 4, 0.12% 12.09%
Gateway First Bank 5, 0.14% 29.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bank 2 1, -0.02% 37.50%
Quicken Loans 2, 0.01% 43.75%
Guild Mortgage Company 3, 0.01% 6.25%
Gateway First Bank 4, 0.03% 12.50%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bank 2 1, -0.04% 12.12%
First United Bank And Trust Co 2, 0.00% 12.12%
Gateway First Bank 3, 0.01% 30.30%
Quicken Loans 4, 0.01% 30.30%
Guild Mortgage Company 5, 0.01% 15.15%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bank 2 1, -0.06% 18.75%
First United Bank And Trust Co 2, -0.00% 12.50%
Quicken Loans 3, 0.01% 12.50%
Gateway First Bank 4, 0.02% 37.50%
Guild Mortgage Company 5, 0.02% 18.75%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guild Mortgage Company 1, -0.01% 11.76%
Gateway First Bank 2, -0.01% 23.53%
First United Bank And Trust Co 3, 0.00% 11.76%
Bank 2 4, 0.01% 5.88%
Quicken Loans 5, 0.01% 47.06%

* Data is compiled for the Ada, OK commuting zone area, which comprises of counties of Atoka County, OK, Coal County, OK, and Pontotoc County, OK. This includes cities/towns/communities of Ada, OK as well as Byng, OK, Lane, OK, Tushka, OK, Coalgate, OK, Atoka, OK, Stonewall, OK, Roff, OK, Stringtown, OK, and Tupelo, 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.

Mortgage Lender Rankings for Other Cities

This page ranks the top mortgage lenders in the Ada, OK area. For mortgage lender rankings of other cities, click here.