Home Bank Loan Prime Mortgage Lenders in Oklahoma

Prime Mortgage Lenders in Oklahoma

Prime Mortgage Lenders in Oklahoma


It’s time to check out the top mortgage lenders in Oklahoma based on closed loan volume.

These are the companies that funded the largest dollar amount of home loans in the Sooner State.

Over 700 mortgage companies funded roughly $33 billion in home loans in the state during 2021.

In terms of who took first place, it was very close, with two companies funding nearly the same exact amount.

But only one can hold the crown. Read on to see who snagged the top spot, along with those landing in the top-10.

Top Mortgage Lenders in Oklahoma (Overall)

Ranking Company Name 2021 Loan Volume
1. U.S. Bank $1.7 billion
2. Rocket Mortgage $1.7 billion
3. First United Bank $1.3 billion
4. Arvest Bank $1.1 billion
5. Wells Fargo $1.1 billion
6. Associated Mortgage $925 million
7. AmeriHome Mortgage $892 million
8. Cornerstone Home Lending $878 million
9. Pennymac $853 million
10. Gateway Mortgage $840 million

As noted, things were extremely tight at the top, but U.S. Bank edged out Rocket Mortgage for the #1 spot.

Both companies originated roughly $1.7 billion in home loans in Oklahoma in 2021, per HMDA data from Richey May.

But U.S. Bank did that little bit more. However, Rocket closed more loans, about 9,500 versus 8,800.

Taking third was Durant, Oklahoma’s own First United Bank with $1.3 billion funded, followed by Arvest Bank and Wells Fargo, each with about $1.1 billion.

The bottom half of the top ten included Associated Mortgage Corp., AmeriHome Mortgage, Cornerstone Home Lending, Pennymac, and Gateway Mortgage Group.

Top Oklahoma Mortgage Lenders (for Home Buyers)

Ranking Company Name 2021 Loan Volume
1. U.S. Bank $1.3 billion
2. First United Bank $899 million
3. Associated Mortgage $719 million
4. AmeriHome Mortgage $660 million
5. Cornerstone Home Lending $613 million
6. Gateway Mortgage $593 million
7. Arvest Bank $585 million
8. Wells Fargo $530 million
9. Pennymac $512 million
10. BancFirst $423 million

If we filter the list to only include home purchase loans, U.S. Bank extends its lead at the top with $1.3 billion funded.

That’s much more than second place First United Bank’s $899 million, and nearly double Associated Mortgage’s $719 million.

Fourth place went to AmeriHome with $660 million funded, followed by Cornerstone with $613 million.

The rest of the best included Gateway Mortgage Group, Arvest Bank, Wells Fargo, Pennymac, and Oklahoma City, OK-based BancFirst.

Top Refinance Lenders in Oklahoma (for Existing Homeowners)

Ranking Company Name 2021 Loan Volume
1. Rocket Mortgage $1.3 billion
2. Freedom Mortgage $677 million
3. Wells Fargo $486 million
4. Arvest Bank $468 million
5. BOK Financial $411 million
6. First United Bank $396 million
7. U.S. Bank $368 million
8. Pennymac $341 million
9. loanDepot $287 million
10. Mortgage Clearing Corp. $284 million

When it came to mortgage refinances, Rocket Mortgage easily took first place with $1.3 billion funded.

That was nearly double second place Freedom Mortgage, which specializes in government lending like VA loans.

Wells Fargo took third place with nearly a half billion in refis, followed by Arvest Bank and Tulsa-based BOK Financial.

First United Bank, U.S. Bank, Pennymac, loanDepot, and Tulsa-based Mortgage Clearing Corp. held positions six through 10.

Top Mortgage Lenders in Oklahoma City

Ranking Company Name 2021 Loan Volume
1. U.S. Bank $995 million
2. Cornerstone Home Lending $666 million
3. Rocket Mortgage $657 million
4. First United Bank $559 million
5. Wells Fargo $523 million
6. AmeriHome Mortgage $446 million
7. Freedom Mortgage $433 million
8. Pennymac $393 million
9. Gateway Mortgage $331 million
10. BOK Financial $304 million

Who Are the Best Mortgage Lenders in Oklahoma?

Biggest is one thing, but what about best? For the latter, I look at customer reviews to see what homeowners think of all these companies.

And I typically head over to Zillow to check out their mortgage reviews.

The most reviewed Oklahoma-based lender on the site is Gateway Mortgage, which boasts a 4.96/5-star rating from nearly 5,000 reviews.

That’s pretty solid, though not quite as good as BOK Financial’s 4.97/5 rating from about 4,000 reviews.

As far as Oklahoma-based companies go, those are the big ones in terms of reviews. It drops off quite a bit from there.

Meanwhile, U.S. Bank has an even better 4.98/5 rating from over 12,000 reviews, Rocket Mortgage is rated 4.48/5, First United has a 4.97/5, and Arvest Bank has a 4.99/5 rating.

There are many smaller local mortgage companies and mortgage brokers to check out as well.

Take the time to compare the many different options available to you, whether it’s a local credit union, mortgage broker, regional bank, or national brand.

(photo: Tony Hisgett)



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