Oklahoma City FHA Loan Rates, Closing Costs & Stats

OKLAHOMA CITY, OK

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    • 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).