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 171 lenders originated 3,971 FHA loans during 2023. The total origination value was $897,635,000, with an average FHA loan value of $226,048.

Oklahoma City FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Oklahoma City averaged 6.72% for the week of 2024-06-14, compared to the national average (all FHA variants) of 6.712% for the same period.

Oklahoma City's average FHA mortgage closing costs are $6,982.

The average rate for the prior week (2024-06-07) was 6.51% and one month ago for the week of 2024-05-10, the average rate was 6.8%.

The average rate one year ago was 6.45%.

For refis of the same type during the week of 2024-06-14, the average rate was 6.82%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
First United Bank and Trust Company 263 6.93% $9,615
QUICKEN LOANS, LLC 260 6.29% $10,692
Stride Bank 220 6.82% $9,523
CORNERSTONE HOME LENDING, INC. 186 6.69% $10,823
UNITED WHOLESALE MORTGAGE, LLC 184 6.41% $10,986
LOANDEPOT.COM, LLC 79 6.46% $11,463
Chickasaw Community Bank 77 6.74% $8,851
ASSOCIATED MORTGAGE CORPORATION 76 6.62% $10,692
American Mortgage Bank, LLC 60 6.79% $10,417
FIRST AMERICAN MORTGAGE, INC. 60 6.54% $7,769
BOKF 57 6.61% $8,213
Arvest Bank 55 6.59% $8,485
CWM PARTNERS, L.P. 50 6.07% $9,458
First National Bank and Trust Company 48 6.83% $9,889
DHI MORTGAGE COMPANY, LTD. 45 5.33% $7,247
AMCAP MORTGAGE, LTD. 42 6.74% $11,144
PENNYMAC LOAN SERVICES, LLC 41 6.63% $11,644
SWBC MORTGAGE CORPORATION 40 6.88% $6,576
FREEDOM MORTGAGE CORPORATION 40 6.75% $12,762
Gateway First Bank 40 6.96% $10,225
PLAZA HOME MORTGAGE, INC. 40 6.40% $11,900
GUARANTEED RATE, INC. 38 6.57% $9,404
F & M Bank 38 6.61% $7,132
NEWREZ LLC 37 6.55% $9,427
GUILD MORTGAGE COMPANY 35 6.53% $9,450
AMERICAN PACIFIC MORTGAGE CORPORATION 33 6.51% $11,485
BROKER SOLUTIONS, INC. 33 6.71% $12,173
FINANCIAL CONCEPTS MORTGAGE, LLC 33 6.49% $8,430
MLD MORTGAGE INC. 32 7.19% $10,244
CMG MORTGAGE, INC. 32 6.54% $10,420
Mr. Cooper ( Nationstar Mortgage ) 30 6.22% $14,898
CARDINAL FINANCIAL 29 6.28% $11,027
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 29 6.59% $9,820
BancFirst 29 6.87% $7,460
Great Plains National Bank 28 6.27% $9,807
The Central Trust Bank 28 6.59% $8,499
AMERISAVE MORTGAGE CORPORATION 27 6.10% $12,504
SUN WEST MORTGAGE COMPANY, INC. 26 6.39% $9,660
MID AMERICA MORTGAGE, INC. 26 7.17% $4,827
AmeriHome Mortgage Company, LLC 25 6.68% $10,524
CROSSCOUNTRY MORTGAGE, LLC 25 6.53% $11,715
PRIMELENDING, A PLAINSCAPITAL COMPANY 25 6.94% $9,532
LOANPAL, LLC 24 5.94% $10,915
Flagstar Bank, FSB 23 6.26% $10,204
Paramount Residential Mortgage Group, Inc. 21 6.80% $10,883
THE MORTGAGE LINK, INC. 21 7.19% $9,485
MORTGAGE SOLUTIONS OF COLORADO, LLC 21 6.79% $9,716
Equity Prime Mortgage LLC 21 7.05% $8,573
FLAT BRANCH MORTGAGE, INC. 21 6.79% $9,744
MUTUAL OF OMAHA MORTGAGE, INC. 20 6.58% $13,551
Town Square Mortgage & Investments, Inc. 20 6.91% $8,596
RESIDENTIAL BANCORP 20 6.89% $13,309
ARK-LA-TEX FINANCIAL SERVICES, LLC. 19 6.35% $8,310
OPEN MORTGAGE, LLC 19 6.55% $10,421
UNION HOME MORTGAGE CORP. 16 6.73% $10,545
Plains Commerce Bank 15 6.53% $9,914
Prosperity Bank 15 6.18% $9,076
Carrington Mortgage Services, LLC 15 6.44% $13,876
Mortgage Research Center, LLC 15 7.05% $5,187
EVERETT FINANCIAL, INC. 13 6.63% $10,415
American Mortgage & Equity Consultants, Inc. 13 6.90% $9,740
First Liberty Bank 12 6.74% $9,028
United Fidelity Funding Corp. 12 6.75% $12,472
Unify Home Lending Inc. 12 6.85% $6,207
FirstTrust Home Loans, Inc. 11 6.58% $8,726
MidFirst Bank 11 6.54% $7,983
TOWNE MORTGAGE COMPANY 11 6.75% $13,872
SUCCESS MORTGAGE PARTNERS, INC. 11 6.99% $11,188
LAKEVIEW LOAN SERVICING, LLC 10 6.61% $11,834
AMERICAN FINANCING CORPORATION 9 6.26% $11,717
ZILLOW HOME LOANS, LLC 8 6.61% $9,138
Bank of America 8 6.27% $6,267
GARDNER FINANCIAL SERVICES, LTD. 8 7.00% $9,954
PLANET HOME LENDING, LLC 7 5.75% $11,255
JPMorgan Chase Bank 7 7.21% $5,808
INTERLINC MORTGAGE SERVICES, LLC 6 6.58% $9,353
The Federal Savings Bank 6 6.04% $17,313
Wells Fargo Bank 6 5.50% $10,169
POLARIS HOME FUNDING CORP. 6 6.77% $11,728
Simmons Bank 6 6.13% $6,389
Waterstone Mortgage Corporation 6 6.75% $11,830
HOMEBRIDGE FINANCIAL SERVICES, INC. 6 6.33% $13,411
SENTE MORTGAGE, INC. 5 6.80% $10,377
BAY EQUITY LLC 5 6.93% $13,060
OCMBC, INC. 5 7.53% $10,358
CHURCHILL MORTGAGE CORPORATION 5 6.97% $10,406
VILLAGE CAPITAL MORTGAGE 5 6.08% $9,083
SECURITYNATIONAL MORTGAGE COMPANY 4 6.63% $5,674
RCB Bank 4 7.03% $6,948
EAGLE HOME MORTGAGE, LLC 4 5.44% $8,547
TOTAL MORTGAGE SERVICES, LLC 4 6.63% $10,680
AMERICAN FINANCIAL RESOURCES, INC. 4 7.41% $8,093
American Bank of Oklahoma 4 5.97% $12,513
U.S. Bank 4 7.09% $8,943
PHH Mortgage Corporation 4 6.00% $12,584
NBKC BANK 3 6.50% $8,161
NETWORK CAPITAL FUNDING CORPORATION 3 6.13% $10,232
ENDEAVOR CAPITAL, LLC. 3 6.83% $10,669
S1L, Inc. 3 6.88% $7,095
Armstrong Bank 3 5.96% $7,319
Citizens Bank 3 6.33% $7,950
LEADERONE FINANCIAL CORPORATION 3 6.63% $12,908
Century Mortgage Company DBA Century Lending Company 3 6.58% $11,480
ROYAL UNITED MORTGAGE LLC 3 6.96% $9,700
Goldwater Bank, N.A. 3 5.92% $12,374
Prosperity Home Mortgage, LLC 3 6.21% $11,253
OKLAHOMA'S 3 6.58% $8,676
FBC MORTGAGE, LLC 3 6.58% $11,078
HOMESIDE FINANCIAL, LLC 3 6.88% $10,105
BETTER MORTGAGE CORPORATION 3 6.21% $7,412
RUOFF MORTGAGE COMPANY, INC. 2 6.38% $8,168
COMMUNICATION 2 7.13% $8,329
GENEVA FINANCIAL, LLC 2 5.94% $21,851
Servion, Inc. 2 6.38% $9,461
PREMIA MORTGAGE, LLC 2 6.25% $6,184
M&T Bank 2 7.13% $10,722
PENTAGON FEDERAL CREDIT UNION 2 5.94% $9,357
Network Funding, L.P. 2 7.00% $11,192
International Bank of Commerce 2 7.38% $6,282
TruHome Solutions, LLC 2 6.25% $10,034
NEW FED MORTGAGE, CORP. 2 7.69% $7,774
Fidelity Bank 2 6.44% $8,199
DAS Acquisition Company, LLC 2 7.19% $11,986
Nations Lending Corporation 2 7.00% $13,515
AMERICAN FINANCIAL NETWORK, INC. 2 7.94% $10,962
InterBank 2 6.63% $6,084
SFMC, LP 2 6.25% $8,381
ACADEMY MORTGAGE CORPORATION 1 7.75% $6,437
GUARANTY HOME MORTGAGE CORPORATION 1 7.13% $5,648
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.75% $6,865
HOMEXPRESS MORTGAGE CORP. 1 7.13% $12,001
Ixonia Bank 1 7.13% $7,852
LAND HOME FINANCIAL SERVICES, INC. 1 7.50% $18,639
LEGEND LENDING CORPORATION 1 6.75% $9,746
LIBERTY HOME MORTGAGE CORPORATION 1 7.50% $12,471
First State Bank of St. Charles, Missouri 1 7.25% $5,062
First Savings Bank 1 4.63% $17,790
MEMBER FIRST MORTGAGE, LLC 1 7.50% $7,160
MICHIGAN MUTUAL, INC. 1 6.63% $9,896
First National Bank Texas 1 6.25% $8,718
Evolve Bank & Trust 1 6.75% $16,285
MOUNTAIN WEST FINANCIAL, INC. 1 7.13% $8,362
MOVEMENT MORTGAGE, LLC 1 7.75% $8,792
NATIONS RELIABLE LENDING, LLC 1 7.00% $13,186
Neighborhood Loans, Inc. 1 6.75% $8,604
NEW DAY FINANCIAL, LLC 1 7.25% $5,740
CRESCENT MORTGAGE COMPANY 1 6.50% $7,565
NexBank 1 5.75% $12,330
Northpointe Bank 1 7.75% $8,798
NTFN, INC. 1 6.75% $7,269
Cornerstone First Mortgage, Inc 1 7.25% $12,518
CONTOUR MORTGAGE CORPORATION 1 5.25% $9,298
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.75% $7,456
CANOPY MORTGAGE, LLC 1 5.13% $11,035
CALCON MUTUAL MORTGAGE LLC 1 6.63% $11,966
Reliabank Dakota 1 6.13% $6,380
BNC National Bank 1 5.25% $8,164
Sierra Pacific Mortgage Company, Inc. 1 7.63% $9,432
BMO Harris Bank 1 6.63% $6,835
Blue Ridge Bank 1 7.13% $12,756
BECKAM FUNDING CORP. 1 7.25% $6,230
Bank of England 1 6.75% $14,947
THRIVE MORTGAGE, LLC 1 6.63% $8,365
AXIA FINANCIAL, LLC 1 6.50% $10,627
Assurance Financial Group, L.L.C. 1 5.99% $27,327
Truist 1 6.50% $6,159
UMB Bank 1 5.75% $11,465
VAN DYK MORTGAGE CORPORATION 1 7.13% $10,606
V.I.P. MORTGAGE, INC. 1 6.00% $7,947
WILLOW BEND MORTGAGE COMPANY, LLC 1 6.50% $9,166
GSF Mortgage Corporation 1 5.88% $10,851

The top Oklahoma City FHA lender as defined by loan originations is First United Bank and Trust Company, with 263 FHA loans originated. Their average total fees are $9,615, which is $1,077 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. ($4,827), Mortgage Research Center, LLC ($5,187), Unify Home Lending Inc. ($6,207), SWBC MORTGAGE CORPORATION ($6,576) and F & M Bank ($7,132).

The lowest rate Oklahoma City FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.33%), LOANPAL, LLC (5.94%), CWM PARTNERS, L.P. (6.07%), AMERISAVE MORTGAGE CORPORATION (6.10%) and Prosperity Bank (6.18%).

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Oklahoma City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $224,625 (3.6%) $289,303 (4.4%) 0.83 5,885
2018-02-01 $224,500 (3.0%) $292,603 (5.1%) 0.82 5,734
2018-03-01 $233,055 (5.7%) $301,200 (6.5%) 0.82 5,639
2018-04-01 $237,500 (5.6%) $306,794 (6.2%) 0.81 5,736
2018-05-01 $238,088 (3.5%) $309,325 (3.4%) 0.80 5,797
2018-06-01 $235,000 (2.2%) $310,440 (3.7%) 0.78 6,071
2018-07-01 $236,250 (4.3%) $312,663 (5.3%) 0.79 6,270
2018-08-01 $233,450 (3.8%) $307,954 (4.5%) 0.78 6,338
2018-09-01 $234,000 (4.0%) $309,152 (5.2%) 0.79 6,125
2018-10-01 $234,055 (4.3%) $312,495 (6.7%) 0.79 6,035
2018-11-01 $236,000 (6.0%) $316,134 (8.6%) 0.80 6,002
2018-12-01 $234,900 (4.5%) $318,080 (9.5%) 0.81 5,652
2019-01-01 $234,425 (4.4%) $314,541 (8.7%) 0.81 5,164
2019-02-01 $235,993 (5.1%) $312,419 (6.8%) 0.80 5,062
2019-03-01 $244,742 (5.0%) $324,103 (7.6%) 0.80 4,910
2019-04-01 $253,388 (6.7%) $334,334 (9.0%) 0.80 4,863
2019-05-01 $258,701 (8.7%) $339,316 (9.7%) 0.81 4,845
2019-06-01 $256,000 (8.9%) $339,689 (9.4%) 0.80 4,901
2019-07-01 $255,450 (8.1%) $339,886 (8.7%) 0.80 5,121
2019-08-01 $252,209 (8.0%) $339,141 (10.1%) 0.80 5,103
2019-09-01 $252,598 (8.0%) $338,264 (9.4%) 0.81 5,026
2019-10-01 $252,857 (8.0%) $337,359 (8.0%) 0.82 4,975
2019-11-01 $250,000 (5.9%) $338,294 (7.0%) 0.82 4,866
2019-12-01 $250,000 (6.4%) $340,009 (6.9%) 0.83 4,520
2020-01-01 $250,420 (6.8%) $337,996 (7.5%) 0.84 4,255
2020-02-01 $255,000 (8.1%) $340,099 (8.9%) 0.83 4,100
2020-03-01 $263,045 (7.5%) $345,031 (6.5%) 0.82 4,068
2020-04-01 $263,500 (4.0%) $344,511 (3.0%) 0.83 4,249
2020-05-01 $268,400 (3.8%) $354,200 (4.4%) 0.82 4,065
2020-06-01 $290,000 (13.3%) $387,484 (14.1%) 0.85 3,658
2020-07-01 $283,250 (10.9%) $387,000 (13.9%) 0.82 3,520
2020-08-01 $269,900 (7.0%) $375,059 (10.6%) 0.77 3,309
2020-09-01 $279,990 (10.8%) $393,775 (16.4%) 0.80 3,064
2020-10-01 $280,000 (10.7%) $399,411 (18.4%) 0.80 2,960
2020-11-01 $274,500 (9.8%) $394,403 (16.6%) 0.80 2,860
2020-12-01 $267,450 (7.0%) $390,267 (14.8%) 0.80 2,591
2021-01-01 $264,900 (5.8%) $382,725 (13.2%) 0.79 2,126
2021-02-01 $289,300 (13.5%) $416,273 (22.4%) 0.84 1,771
2021-03-01 $287,710 (9.4%) $419,976 (21.7%) 0.82 1,611
2021-04-01 $295,750 (12.2%) $435,367 (26.4%) 0.80 1,414
2021-05-01 $286,900 (6.9%) $425,803 (20.2%) 0.76 1,473
2021-06-01 $284,935 (-1.8%) $427,356 (10.3%) 0.75 1,734
2021-07-01 $285,000 (0.6%) $413,908 (7.0%) 0.75 2,098
2021-08-01 $279,751 (3.7%) $396,437 (5.7%) 0.75 2,388
2021-09-01 $275,642 (-1.6%) $390,030 (-1.0%) 0.74 2,420
2021-10-01 $274,993 (-1.8%) $399,764 (0.1%) 0.73 2,314
2021-11-01 $289,552 (5.5%) $420,330 (6.6%) 0.77 2,213
2021-12-01 $290,000 (8.4%) $410,654 (5.2%) 0.79 1,990
2022-01-01 $309,700 (16.9%) $426,093 (11.3%) 0.84 1,649
2022-02-01 $329,170 (13.8%) $443,992 (6.7%) 0.86 1,385
2022-03-01 $339,428 (18.0%) $458,237 (9.1%) 0.85 1,298
2022-04-01 $314,490 (6.3%) $435,093 (-0.1%) 0.75 1,434
2022-05-01 $325,805 (13.6%) $434,571 (2.1%) 0.74 1,838
2022-06-01 $321,990 (13.0%) $426,215 (-0.3%) 0.72 2,376
2022-07-01 $315,500 (10.7%) $409,500 (-1.1%) 0.71 3,084
2022-08-01 $319,344 (14.2%) $399,322 (0.7%) 0.74 3,336
2022-09-01 $322,245 (16.9%) $401,421 (2.9%) 0.75 3,255
2022-10-01 $320,000 (16.4%) $405,015 (1.3%) 0.75 3,541
2022-11-01 $325,000 (12.2%) $409,054 (-2.7%) 0.78 3,656
2022-12-01 $324,990 (12.1%) $404,474 (-1.5%) 0.80 3,489
2023-01-01 $338,837 (9.4%) $415,119 (-2.6%) 0.84 3,293
2023-02-01 $349,204 (6.1%) $422,130 (-4.9%) 0.84 3,052
2023-03-01 $350,000 (3.1%) $427,123 (-6.8%) 0.83 2,967
2023-04-01 $353,900 (12.5%) $429,085 (-1.4%) 0.82 2,913
2023-05-01 $354,653 (8.9%) $431,604 (-0.7%) 0.80 3,023
2023-06-01 $350,000 (8.7%) $434,286 (1.9%) 0.79 3,071
2023-07-01 $347,250 (10.1%) $431,505 (5.4%) 0.79 3,426
2023-08-01 $339,858 (6.4%) $420,632 (5.3%) 0.78 3,605
2023-09-01 $329,990 (2.4%) $416,892 (3.9%) 0.77 3,741
2023-10-01 $334,723 (4.6%) $413,774 (2.2%) 0.79 3,947
2023-11-01 $329,450 (1.4%) $408,881 (0.0%) 0.78 4,075
2023-12-01 $320,000 (-1.5%) $403,506 (-0.2%) 0.78 4,015
2024-01-01 $319,500 (-5.7%) $400,019 (-3.6%) 0.78 3,830
2024-02-01 $323,326 (-7.4%) $404,364 (-4.2%) 0.78 3,658
2024-03-01 $320,900 (-8.3%) $414,765 (-2.9%) 0.76 3,646
2024-04-01 $329,900 (-6.8%) $425,951 (-0.7%) 0.77 3,906
2024-05-01 $339,450 (-4.3%) $443,414 (2.7%) 0.77 4,039
Oklahoma City's median listing price for 2024-05-01 was $339,450, a difference of $-15,203 (-4.3%) versus the prior year and $9,550 versus the prior month.

Oklahoma City's median listing price comes in at 77% of the national average.

Oklahoma City's average listing price for 2024-05-01 was $443,414, a difference of $11,810 (2.7%) versus the prior year and $17,463 versus the prior month.

For the 2024-05-01 period, Oklahoma City had 4,039 MLS listings, a difference of 133 listings (3%) versus the prior month and 1,016 listings (34%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Oklahoma City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 73 days 2,065 sqft
2018-02-01 67 days 2,059 sqft
2018-03-01 58 days 2,099 sqft
2018-04-01 50 days 2,132 sqft
2018-05-01 48 days 2,127 sqft
2018-06-01 48 days 2,117 sqft
2018-07-01 52 days 2,124 sqft
2018-08-01 58 days 2,107 sqft
2018-09-01 58 days 2,106 sqft
2018-10-01 60 days 2,100 sqft
2018-11-01 61 days 2,097 sqft
2018-12-01 72 days 2,077 sqft
2019-01-01 74 days 2,052 sqft
2019-02-01 66 days 2,052 sqft
2019-03-01 55 days 2,095 sqft
2019-04-01 44 days 2,143 sqft
2019-05-01 43 days 2,161 sqft
2019-06-01 44 days 2,150 sqft
2019-07-01 45 days 2,148 sqft
2019-08-01 47 days 2,138 sqft
2019-09-01 50 days 2,136 sqft
2019-10-01 52 days 2,132 sqft
2019-11-01 54 days 2,101 sqft
2019-12-01 62 days 2,095 sqft
2020-01-01 62 days 2,057 sqft
2020-02-01 49 days 2,066 sqft
2020-03-01 41 days 2,097 sqft
2020-04-01 44 days 2,100 sqft
2020-05-01 47 days 2,112 sqft
2020-06-01 44 days 2,239 sqft
2020-07-01 46 days 2,205 sqft
2020-08-01 50 days 2,116 sqft
2020-09-01 45 days 2,137 sqft
2020-10-01 43 days 2,142 sqft
2020-11-01 46 days 2,094 sqft
2020-12-01 51 days 2,031 sqft
2021-01-01 55 days 1,998 sqft
2021-02-01 44 days 2,077 sqft
2021-03-01 44 days 2,097 sqft
2021-04-01 40 days 2,108 sqft
2021-05-01 38 days 2,064 sqft
2021-06-01 35 days 2,007 sqft
2021-07-01 36 days 1,980 sqft
2021-08-01 35 days 1,949 sqft
2021-09-01 41 days 1,891 sqft
2021-10-01 43 days 1,873 sqft
2021-11-01 41 days 1,946 sqft
2021-12-01 47 days 1,917 sqft
2022-01-01 52 days 1,982 sqft
2022-02-01 43 days 1,999 sqft
2022-03-01 35 days 2,008 sqft
2022-04-01 33 days 1,932 sqft
2022-05-01 29 days 1,931 sqft
2022-06-01 31 days 1,916 sqft
2022-07-01 37 days 1,910 sqft
2022-08-01 40 days 1,919 sqft
2022-09-01 48 days 1,952 sqft
2022-10-01 47 days 1,970 sqft
2022-11-01 49 days 1,985 sqft
2022-12-01 60 days 1,989 sqft
2023-01-01 64 days 2,025 sqft
2023-02-01 53 days 2,029 sqft
2023-03-01 51 days 2,043 sqft
2023-04-01 46 days 2,047 sqft
2023-05-01 43 days 2,066 sqft
2023-06-01 45 days 2,062 sqft
2023-07-01 43 days 2,030 sqft
2023-08-01 43 days 2,015 sqft
2023-09-01 46 days 2,000 sqft
2023-10-01 46 days 2,000 sqft
2023-11-01 50 days 1,988 sqft
2023-12-01 58 days 1,949 sqft
2024-01-01 59 days 1,930 sqft
2024-02-01 55 days 1,947 sqft
2024-03-01 45 days 1,925 sqft
2024-04-01 41 days 1,953 sqft
2024-05-01 39 days 1,985 sqft
Oklahoma City's median listing age (time on market) for 2024-05-01 was 39 days. This is -9% shorter than the same period one year ago.

Oklahoma City's median square footage for active listings during the 2024-05-01 period was 1,985 sqft. One year prior, the average listing was 2,066 sqft.

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).