Oklahoma City FHA Loan Rates, Closing Costs & Stats

OKLAHOMA CITY, OK

FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

For additional requirements as defined by the FHA, click here.

Oklahoma City's 170 lenders originated 4,917 FHA loans during 2024. The total origination value was $1,147,805,000, with an average FHA loan value of $233,436.

Oklahoma City FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Oklahoma City averaged 0.04% for the week of 2025-07-04, compared to the national average (all FHA variants) of 0% for the same period.

Oklahoma City's average FHA mortgage closing costs are $7,350.

The average rate for the prior week (2025-06-27) was 6.83% and one month ago for the week of 2025-05-30, the average rate was 6.5%.

The average rate one year ago was 6.83%.

For refis of the same type during the week of 2025-07-04, the average rate was -0.37%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Oklahoma City FHA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Oklahoma City level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
First United Bank and Trust Company 344 6.72% $9,092
QUICKEN LOANS, LLC 285 6.31% $11,523
UNITED WHOLESALE MORTGAGE, LLC 247 6.27% $11,765
Stride Bank 236 6.31% $9,245
ASSOCIATED MORTGAGE CORPORATION 127 6.53% $9,580
MLD MORTGAGE INC. 122 6.40% $10,312
CORNERSTONE HOME LENDING, INC. 106 6.62% $11,282
Great Plains National Bank 103 6.36% $10,061
PENNYMAC LOAN SERVICES, LLC 97 6.23% $10,830
DHI MORTGAGE COMPANY, LTD. 80 5.09% $7,489
GUILD MORTGAGE COMPANY 72 6.59% $8,749
FREEDOM MORTGAGE CORPORATION 70 6.41% $11,296
Gateway First Bank 69 6.61% $9,240
LOANDEPOT.COM, LLC 66 6.20% $9,961
CWM PARTNERS, L.P. 65 5.98% $9,474
Chickasaw Community Bank 62 6.21% $9,771
First National Bank and Trust Company 61 6.63% $9,813
GARDNER FINANCIAL SERVICES, LTD. 60 6.80% $9,575
NEWREZ LLC 57 6.55% $9,140
BOKF 55 6.78% $8,651
FIRST AMERICAN MORTGAGE, INC. 54 6.36% $7,369
American Mortgage & Equity Consultants, Inc. 53 6.85% $11,215
Arvest Bank 51 6.48% $8,688
CMG MORTGAGE, INC. 51 6.32% $10,298
V.I.P. MORTGAGE, INC. 45 6.29% $11,800
AmeriHome Mortgage Company, LLC 45 6.52% $9,430
BROKER SOLUTIONS, INC. 43 6.82% $11,497
American Mortgage Bank, LLC 42 6.93% $9,701
BancFirst 42 6.58% $7,696
F & M Bank 42 6.53% $5,912
Equity Prime Mortgage LLC 41 6.85% $10,022
GUARANTEED RATE, INC. 41 6.48% $9,613
Paramount Residential Mortgage Group, Inc. 39 6.52% $10,333
EAGLE HOME MORTGAGE, LLC 37 4.38% $8,821
The Central Trust Bank 36 6.47% $8,199
CROSSCOUNTRY MORTGAGE, LLC 33 6.68% $10,573
UNION HOME MORTGAGE CORP. 33 6.32% $11,063
SUN WEST MORTGAGE COMPANY, INC. 31 6.63% $9,895
TOWNE MORTGAGE COMPANY 31 6.29% $9,905
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 30 6.62% $10,708
SOUTHWEST FUNDING, LP 29 6.61% $11,139
FLAT BRANCH MORTGAGE, INC. 28 6.59% $9,918
Century Mortgage Company DBA Century Lending Company 28 6.25% $11,493
SWBC MORTGAGE CORPORATION 27 6.67% $7,085
ARK-LA-TEX FINANCIAL SERVICES, LLC. 27 6.52% $9,965
Flagstar Bank, FSB 27 6.50% $9,106
MUTUAL OF OMAHA MORTGAGE, INC. 27 6.85% $14,989
AMERICAN PORTFOLIO MORTGAGE CORPORATION 25 6.91% $7,083
Mr. Cooper ( Nationstar Mortgage ) 25 6.69% $12,481
GENEVA FINANCIAL, LLC 24 6.98% $9,742
PLAZA HOME MORTGAGE, INC. 24 6.88% $11,475
THE MORTGAGE LINK, INC. 24 6.78% $13,276
Carrington Mortgage Services, LLC 21 6.21% $12,161
LOANPAL, LLC 20 5.64% $12,634
MORTGAGE SOLUTIONS OF COLORADO, LLC 20 6.64% $9,461
CARDINAL FINANCIAL 20 6.49% $12,288
ENVOY MORTGAGE, LTD 18 6.65% $11,308
MidFirst Bank 17 6.48% $7,666
Simmons Bank 17 6.21% $8,215
NEW FED MORTGAGE, CORP. 16 6.73% $10,745
MID AMERICA MORTGAGE, INC. 15 6.63% $4,642
Mortgage Research Center, LLC 15 6.52% $6,319
SUCCESS MORTGAGE PARTNERS, INC. 15 7.01% $10,913
Midwest Mortgage Associates Corporation 13 6.83% $6,783
ZILLOW HOME LOANS, LLC 12 6.06% $10,338
AMERISAVE MORTGAGE CORPORATION 12 6.15% $14,974
BAY EQUITY LLC 11 6.28% $9,625
LAKEVIEW LOAN SERVICING, LLC 11 6.35% $12,020
ENDEAVOR CAPITAL, LLC. 10 6.26% $10,053
PRIMELENDING, A PLAINSCAPITAL COMPANY 10 7.29% $8,329
PLANET HOME LENDING, LLC 10 6.17% $6,941
AMERICAN FINANCIAL NETWORK, INC. 10 7.20% $12,284
AMERICAN FINANCING CORPORATION 9 5.90% $12,688
AMERICAN PACIFIC MORTGAGE CORPORATION 9 6.93% $12,183
INTERLINC MORTGAGE SERVICES, LLC 8 6.55% $5,972
Cornerstone First Mortgage, Inc 8 6.62% $8,164
U.S. Bank 7 6.88% $9,497
HOMEBRIDGE FINANCIAL SERVICES, INC. 7 6.55% $5,655
JPMorgan Chase Bank 7 6.53% $7,811
FBC MORTGAGE, LLC 7 6.41% $12,939
POLARIS HOME FUNDING CORP. 6 6.81% $11,561
HOMESIDE FINANCIAL, LLC 6 6.60% $10,604
INTERCAP LENDING INC. 6 5.31% $13,325
Waterstone Mortgage Corporation 6 6.54% $9,056
SENTE MORTGAGE, INC. 6 7.17% $14,539
Bank of America 6 6.00% $8,407
AMERICAN FINANCIAL RESOURCES, INC. 6 6.85% $9,218
MOVEMENT MORTGAGE, LLC 6 6.71% $9,755
FIRST COLONY MORTGAGE CORPORATION 5 6.63% $7,685
US MORTGAGE CORPORATION 5 6.33% $11,791
The Loan Store, Inc. 5 6.40% $9,537
Nations Lending Corporation 4 6.66% $12,706
BETTER MORTGAGE CORPORATION 4 6.00% $10,560
DAS Acquisition Company, LLC 4 6.69% $6,914
OCEANSIDE MORTGAGE COMPANY 4 6.25% $3,857
Servion, Inc. 4 6.44% $10,815
SFMC, LP 4 7.16% $11,198
VILLAGE CAPITAL MORTGAGE 4 5.94% $13,450
Wells Fargo Bank 3 6.58% $8,107
LAND HOME FINANCIAL SERVICES, INC. 3 7.00% $15,950
OCMBC, INC. 3 7.75% $12,666
T2 FINANCIAL LLC 3 6.71% $10,743
M&T Bank 3 5.96% $9,619
CANOPY MORTGAGE, LLC 3 5.88% $10,617
Mortgage Investment Services Corporation 3 6.92% $6,447
Goldwater Bank, N.A. 3 6.13% $12,329
NEW DAY FINANCIAL, LLC 3 7.75% $6,582
Barrington Bank & Trust Company, N.A. 3 6.54% $9,835
SECURITYNATIONAL MORTGAGE COMPANY 3 6.88% $12,967
Prosperity Bank 2 5.88% $10,011
US Employees O.C. Federal Credit Union 2 6.75% $8,438
Ameris Bank 2 6.00% $9,636
SeaTrust Mortgage Company 2 6.94% $10,199
Network Funding, L.P. 2 6.13% $9,669
ROYAL UNITED MORTGAGE LLC 2 6.88% $11,865
RUOFF MORTGAGE COMPANY, INC. 2 6.44% $10,138
MICHIGAN MUTUAL, INC. 2 6.63% $9,503
Sierra Pacific Mortgage Company, Inc. 2 6.75% $9,313
Blue Ridge Bank 2 5.94% $11,041
American National Bank & Trust 2 5.69% $7,638
GUARANTEED RATE AFFINITY, LLC 2 6.19% $6,706
Old National Bank 2 5.63% $10,891
Sunflower Bank 2 7.19% $13,694
COMMUNICATION 2 6.94% $7,532
CHURCHILL MORTGAGE CORPORATION 2 7.13% $11,800
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.94% $13,138
First Federal Bank 2 6.13% $10,030
COUNTRYPLACE MORTGAGE, LTD. 1 5.75% $11,639
Chambers Bank 1 6.13% $11,790
The Federal Savings Bank 1 6.13% $12,379
The Huntington National Bank 1 6.75% $12,143
CALCON MUTUAL MORTGAGE LLC 1 6.63% $12,510
BMO Harris Bank 1 6.13% $7,779
Town Square Mortgage & Investments, Inc. 1 6.75% $3,515
TruHome Solutions, LLC 1 6.63% $9,597
Truist 1 6.25% $8,677
BECKAM FUNDING CORP. 1 8.00% $8,963
ALAMEDA MORTGAGE CORPORATION 1 6.50% $11,470
Midwest BankCentre 1 6.13% $6,861
Meridian Bank Corporation 1 5.63% $8,866
MORIA DEVELOPMENT, INC. 1 7.88% $15,019
Merchants Bank of Indiana 1 5.50% $11,573
MEMBER ADVANTAGE MORTGAGE, LLC 1 6.13% $9,633
LIBERTY HOME MORTGAGE CORPORATION 1 6.38% $21,850
LEADERONE FINANCIAL CORPORATION 1 6.25% $7,262
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.88% $9,897
1ST SIGNATURE LENDING, LLC 1 7.00% $17,354
NBKC BANK 1 5.99% $7,524
NETWORK CAPITAL FUNDING CORPORATION 1 6.13% $18,281
NORWICH COMMERCIAL GROUP, INC. 1 7.25% $8,475
OPEN MORTGAGE, LLC 1 6.00% $11,513
Orion Federal Credit Union 1 5.63% $8,891
GREENSTATE CREDIT UNION 1 6.13% $8,411
PHH Mortgage Corporation 1 7.13% $9,697
Plains Commerce Bank 1 6.63% $8,412
First United Bank 1 6.99% $12,023
First State Bank of St. Charles, Missouri 1 6.00% $8,799
First Financial Bank 1 5.63% $11,755
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.13% $7,649
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.75% $5,255
First Bank 1 5.63% $15,796
RCB Bank 1 6.13% $6,605
Regent Financial Group, Inc. 1 6.50% $10,798
S1L, Inc. 1 6.63% $18,996
Sabine State Bank and Trust Company 1 5.63% $13,312
First Bank 1 6.75% $10,366
AMERICAN HOMESTAR MORTGAGE, L.L.C. 1 6.25% $9,470
Firstar Bank 1 5.99% $7,748
EVERETT FINANCIAL, INC. 1 7.13% $9,933
DEVELOPER'S MORTGAGE COMPANY 1 7.25% $2,931

The top Oklahoma City FHA lender as defined by loan originations is First United Bank and Trust Company, with 344 FHA loans originated. Their average total fees are $9,092, which is $2,431 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Oklahoma City FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($4,642), F & M Bank ($5,912), Mortgage Research Center, LLC ($6,319), Midwest Mortgage Associates Corporation ($6,783) and PLANET HOME LENDING, LLC ($6,941).

The lowest rate Oklahoma City FHA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.38%), DHI MORTGAGE COMPANY, LTD. (5.09%), LOANPAL, LLC (5.64%), CWM PARTNERS, L.P. (5.98%) and ZILLOW HOME LOANS, LLC (6.06%).

Oklahoma City FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
OKLAHOMA CITY, OK CANADIAN 2022 $420,680 $538,650 $651,050 $809,150
OKLAHOMA CITY, OK CLEVELAND 2022 $420,680 $538,650 $651,050 $809,150
OKLAHOMA CITY, OK GRADY 2022 $420,680 $538,650 $651,050 $809,150
OKLAHOMA CITY, OK LINCOLN 2022 $420,680 $538,650 $651,050 $809,150
OKLAHOMA CITY, OK LOGAN 2022 $420,680 $538,650 $651,050 $809,150
OKLAHOMA CITY, OK MCCLAIN 2022 $420,680 $538,650 $651,050 $809,150
OKLAHOMA CITY, OK OKLAHOMA 2022 $420,680 $538,650 $651,050 $809,150
OKLAHOMA CITY, OK CANADIAN 2023 $472,030 $604,400 $730,525 $907,900
OKLAHOMA CITY, OK CLEVELAND 2023 $472,030 $604,400 $730,525 $907,900
OKLAHOMA CITY, OK GRADY 2023 $472,030 $604,400 $730,525 $907,900
OKLAHOMA CITY, OK LINCOLN 2023 $472,030 $604,400 $730,525 $907,900
OKLAHOMA CITY, OK LOGAN 2023 $472,030 $604,400 $730,525 $907,900
OKLAHOMA CITY, OK MCCLAIN 2023 $472,030 $604,400 $730,525 $907,900
OKLAHOMA CITY, OK OKLAHOMA 2023 $472,030 $604,400 $730,525 $907,900

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).