What loan types does Financial Concepts Mortgage offer?

Financial Concepts Mortgage offers the following mortgage loan types: FHA, Conventional, VA. Each product has its own pricing score and performance metrics.

Where does Financial Concepts Mortgage offer mortgages?

Financial Concepts Mortgage offers mortgages in 3 states: KS, OK, TX.

How competitive are Financial Concepts Mortgage's mortgage rates?

Financial Concepts Mortgage has an overall pricing score of 37.5/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Financial Concepts Mortgage?

Financial Concepts Mortgage is a Independent Mortgage Company headquartered in Edmond, OK.

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Financial Concepts Mortgage

Independent Mortgage Company•Edmond, OKHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Financial Concepts Mortgage — 420 loans across 467 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Acceptable

2/5

vs. all lenders

Pull-through

Strong

4/5

closing strength

Product

Strong

4/5

FHA · Conventional · VA

Place

Exceptional

5/5

Regional · 2 mkts

Awards

Conventional

Superstar

FHA

Superstar

Purchase

Superstar

Summary

What They Do Well

Strong pull through performance
Particularly strong in FHA and VA loans

Things to Think About

Pricing may be below industry average

Explore another lender or local market

Report Card

Financial Concepts Mortgage performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+37.5 bps above market avg

Pull Through

Closing strength

Strong

Top 40% of lenders

By Loan Product· Specialization by type

Conventional

Sound

Top 60% of lenders

FHA

Strong

Top 40% of lenders

Strong

Top 40% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Strong

Top 40% of lenders

Refinance

Acceptable

Bottom 40% of lenders

By Location· Geographic coverage

Geographic Reach

Regional · 3 markets

Strong

Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Sound	Sound	Exceptional	208	49.5%	+0.169%Above	$3,010Fees
FHA Loans	Strong	Strong	Acceptable	Exceptional	141	33.6%	+0.823%Above	$2,045Fees
VA Loans	Strong	Strong	Acceptable	Exceptional	65	15.5%	+0.021%Above	$1,655Fees

Conventional

Overall

Strong

Product

Sound

Pricing

Sound

Pull Through

Exceptional

Volume208

Mix49.5%

Spread

+0.169%Above

Fees

$3,010Fees

FHA Loans

Overall

Strong

Product

Strong

Pricing

Acceptable

Pull Through

Exceptional

Volume141

Mix33.6%

Spread

+0.823%Above

Fees

$2,045Fees

VA Loans

Overall

Strong

Product

Strong

Pricing

Acceptable

Pull Through

Exceptional

Volume65

Mix15.5%

Spread

+0.021%Above

Fees

$1,655Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Strong	Acceptable	Exceptional	408	97.1%	+0.375%Above	$2,412Fees
Refinance	Acceptable	Acceptable	—	Sound	12	2.9%	—	—

Purchase

Overall

Strong

Product

Strong

Pricing

Acceptable

Pull Through

Exceptional

Volume408

Mix97.1%

Spread

+0.375%Above

Fees

$2,412Fees

Refinance

Overall

Acceptable

Product

Acceptable

Pricing—

Pull Through

Sound

Volume12

Mix2.9%

Spread—

Fees—

At a Glance

Lender Overview

Lending Activity

Loans Originated

420

Applications

467

Volume

$102 million

Pricing & Closing

Avg Rate Spread

+0.375%

vs. market APOR

Avg Net Fees

$2,412

Origination − Credits

Pullthrough Rate

89.9%

Applications → Closed

Typical Borrower

Avg Loan Amount

$245,000

Avg Borrower Income

$121,338

Avg Property Value

$289,286

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Exceptional

5/5

States with Loan Originations

Midwest1

South2

OKTX

Top Metro Areas by Place Specialization Score

Enid, OKMetro

Volume 52Mix 12.38% of portfolio

93/100

Exceptional

Oklahoma City, OKMetro

Volume 311Mix 74.05% of portfolio

89/100

Exceptional

Top States by Place Specialization Score

OklahomaState

Volume 413Mix 98.33% of portfolio

85/100

Exceptional

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.