Ponca City FHA Loan Rates, Closing Costs & Stats

Ponca 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.

    Ponca City's 32 lenders originated 119 FHA loans during 2024. The total origination value was $15,935,000, with an average FHA loan value of $133,908.

    Ponca City FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Ponca City averaged 6.45% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Ponca City's average FHA mortgage closing costs are $6,282.

    The average rate for the prior week (2025-03-28) was 6.75% and one month ago for the week of 2025-02-28, the average rate was 6.63%.

    The average rate one year ago was 6.55%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.26%.

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

    Ponca 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 Ponca City level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 44 6.67% $6,486
    RCB Bank 8 6.22% $6,001
    American Mortgage Bank, LLC 8 6.47% $7,544
    QUICKEN LOANS, LLC 5 6.75% $6,602
    SENTE MORTGAGE, INC. 4 6.97% $9,299
    BROKER SOLUTIONS, INC. 4 6.47% $8,058
    NEWREZ LLC 3 6.20% $6,430
    Equity Bank 3 6.20% $6,430
    PENNYMAC LOAN SERVICES, LLC 3 6.45% $7,022
    UNITED WHOLESALE MORTGAGE, LLC 3 6.21% $10,097
    GUILD MORTGAGE COMPANY 1 7.63% $6,964
    LOANDEPOT.COM, LLC 1 5.99% $10,542
    Mortgage Research Center, LLC 1 6.75% $4,730
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $16,211
    OPEN MORTGAGE, LLC 1 6.25% $6,275
    ROYAL UNITED MORTGAGE LLC 1 7.25% $8,054
    S1L, Inc. 1 7.25% $9,499
    Sierra Pacific Mortgage Company, Inc. 1 6.75% $7,870
    T2 FINANCIAL LLC 1 7.63% $4,617
    The Central Trust Bank 1 6.00% $7,310
    TOWNE MORTGAGE COMPANY 1 6.25% $4,891
    AMERICAN FINANCING CORPORATION 1 6.13% $12,883
    Waterstone Mortgage Corporation 1 6.50% $6,619
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.49% $9,043
    BancFirst 1 7.13% $6,642
    BOKF 1 6.63% $6,898
    Chickasaw Community Bank 1 6.13% $6,201
    CHURCHILL MORTGAGE CORPORATION 1 6.63% $5,088
    F & M Bank 1 6.50% $5,263
    FREEDOM MORTGAGE CORPORATION 1 7.25% $11,900
    GENEVA FINANCIAL, LLC 1 7.25% $5,981
    Great Plains National Bank 1 6.63% $8,074

    The top Ponca City FHA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 44 FHA loans originated. Their average total fees are $6,486, which is $485 higher than the next largest lender, RCB Bank.

    The lowest fee Ponca City FHA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. ($6,486), .

    The lowest rate Ponca City FHA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (6.67%), .

    Ponca City FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    PONCA CITY, OK KAY 2022 $420,680 $538,650 $651,050 $809,150
    PONCA CITY, OK KAY 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Ponca 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 $114,875 (18.1%) $146,109 (9.3%) 0.00 190
    2018-02-01 $119,900 (18.5%) $146,791 (10.0%) 0.00 180
    2018-03-01 $119,700 (18.6%) $145,416 (5.7%) 0.00 181
    2018-04-01 $118,500 (8.2%) $144,335 (1.6%) 0.00 182
    2018-05-01 $119,500 (3.1%) $145,345 (1.7%) 0.00 198
    2018-06-01 $120,000 (8.9%) $149,818 (7.8%) 0.00 196
    2018-07-01 $127,450 (19.7%) $156,989 (14.4%) 0.00 210
    2018-08-01 $122,500 (14.3%) $149,385 (1.9%) 0.00 214
    2018-09-01 $119,000 (11.0%) $140,607 (-4.5%) 0.00 210
    2018-10-01 $116,100 (5.8%) $135,618 (-9.4%) 0.00 220
    2018-11-01 $111,625 (-8.2%) $130,686 (-14.7%) 0.00 222
    2018-12-01 $109,900 (-7.7%) $129,898 (-12.6%) 0.00 207
    2019-01-01 $105,425 (-8.2%) $122,976 (-15.8%) 0.00 199
    2019-02-01 $109,175 (-8.9%) $126,667 (-13.7%) 0.00 188
    2019-03-01 $108,286 (-9.5%) $128,490 (-11.6%) 0.00 180
    2019-04-01 $109,786 (-7.4%) $131,546 (-8.9%) 0.00 174
    2019-05-01 $108,425 (-9.3%) $134,914 (-7.2%) 0.00 175
    2019-06-01 $115,900 (-3.4%) $139,676 (-6.8%) 0.00 174
    2019-07-01 $119,675 (-6.1%) $145,288 (-7.5%) 0.00 183
    2019-08-01 $116,791 (-4.7%) $141,752 (-5.1%) 0.00 192
    2019-09-01 $112,127 (-5.8%) $136,802 (-2.7%) 0.00 195
    2019-10-01 $112,268 (-3.3%) $133,955 (-1.2%) 0.00 196
    2019-11-01 $113,000 (1.2%) $132,043 (1.0%) 0.00 199
    2019-12-01 $110,000 (0.1%) $130,601 (0.5%) 0.00 191
    2020-01-01 $109,500 (3.9%) $129,686 (5.5%) 0.00 194
    2020-02-01 $108,500 (-0.6%) $128,718 (1.6%) 0.00 190
    2020-03-01 $106,000 (-2.1%) $135,497 (5.5%) 0.00 182
    2020-04-01 $104,450 (-4.9%) $148,551 (12.9%) 0.00 166
    2020-05-01 $115,000 (6.1%) $153,447 (13.7%) 0.00 128
    2020-06-01 $124,950 (7.8%) $168,079 (20.3%) 0.00 125
    2020-07-01 $124,950 (4.4%) $168,137 (15.7%) 0.00 123
    2020-08-01 $113,000 (-3.3%) $166,675 (17.6%) 0.00 111
    2020-09-01 $99,450 (-11.3%) $174,748 (27.7%) 0.00 102
    2020-10-01 $119,450 (6.4%) $184,036 (37.4%) 0.00 96
    2020-11-01 $116,000 (2.7%) $180,188 (36.5%) 0.00 102
    2020-12-01 $107,036 (-2.7%) $177,119 (35.6%) 0.00 89
    2021-01-01 $97,400 (-11.1%) $160,339 (23.6%) 0.00 80
    2021-02-01 $98,675 (-9.1%) $164,748 (28.0%) 0.00 76
    2021-03-01 $92,400 (-12.8%) $180,215 (33.0%) 0.00 73
    2021-04-01 $102,475 (-1.9%) $156,252 (5.2%) 0.00 71
    2021-05-01 $124,000 (7.8%) $161,730 (5.4%) 0.00 58
    2021-06-01 $81,250 (-35.0%) $122,226 (-27.3%) 0.00 54
    2021-07-01 $90,000 (-28.0%) $123,592 (-26.5%) 0.00 70
    2021-08-01 $123,075 (8.9%) $194,594 (16.8%) 0.00 76
    2021-09-01 $125,600 (26.3%) $199,129 (14.0%) 0.00 85
    2021-10-01 $127,200 (6.5%) $185,718 (0.9%) 0.00 91
    2021-11-01 $124,950 (7.7%) $181,332 (0.6%) 0.00 106
    2021-12-01 $122,500 (14.5%) $185,191 (4.6%) 0.00 99
    2022-01-01 $140,000 (43.7%) $198,100 (23.6%) 0.00 84
    2022-02-01 $132,000 (33.8%) $202,362 (22.8%) 0.00 62
    2022-03-01 $140,975 (52.6%) $204,548 (13.5%) 0.00 56
    2022-04-01 $155,000 (51.3%) $206,304 (32.0%) 0.00 50
    2022-05-01 $151,250 (22.0%) $193,677 (19.8%) 0.00 59
    2022-06-01 $141,950 (74.7%) $187,640 (53.5%) 0.00 76
    2022-07-01 $149,900 (66.6%) $172,972 (40.0%) 0.00 82
    2022-08-01 $126,250 (2.6%) $168,724 (-13.3%) 0.00 96
    2022-09-01 $157,475 (25.4%) $176,145 (-11.5%) 0.00 95
    2022-10-01 $177,250 (39.4%) $181,576 (-2.2%) 0.00 97
    2022-11-01 $195,500 (56.5%) $197,745 (9.1%) 0.00 87
    2022-12-01 $189,900 (55.0%) $202,547 (9.4%) 0.00 84
    2023-01-01 $191,950 (37.1%) $209,810 (5.9%) 0.00 82
    2023-02-01 $192,200 (45.6%) $218,818 (8.1%) 0.00 80
    2023-03-01 $185,725 (31.7%) $204,133 (-0.2%) 0.00 78
    2023-04-01 $188,000 (21.3%) $225,165 (9.1%) 0.00 70
    2023-05-01 $181,950 (20.3%) $210,777 (8.8%) 0.00 82
    2023-06-01 $177,400 (25.0%) $214,385 (14.3%) 0.00 85
    2023-07-01 $160,000 (6.7%) $211,857 (22.5%) 0.00 91
    2023-08-01 $147,500 (16.8%) $201,144 (19.2%) 0.00 106
    2023-09-01 $139,950 (-11.1%) $189,326 (7.5%) 0.00 109
    2023-10-01 $138,700 (-21.8%) $194,110 (6.9%) 0.00 123
    2023-11-01 $141,875 (-27.4%) $191,833 (-3.0%) 0.00 137
    2023-12-01 $146,750 (-22.7%) $189,122 (-6.6%) 0.00 144
    2024-01-01 $149,500 (-22.1%) $206,572 (-1.5%) 0.00 120
    2024-02-01 $156,200 (-18.7%) $210,853 (-3.6%) 0.00 100
    2024-03-01 $164,000 (-11.7%) $211,101 (3.4%) 0.00 108
    2024-04-01 $166,750 (-11.3%) $198,955 (-11.6%) 0.00 103
    2024-05-01 $159,000 (-12.6%) $206,880 (-1.9%) 0.00 104
    2024-06-01 $148,250 (-16.4%) $200,439 (-6.5%) 0.00 123
    2024-07-01 $145,500 (-9.1%) $194,500 (-8.2%) 0.00 126
    2024-08-01 $149,900 (1.6%) $192,852 (-4.1%) 0.00 143
    2024-09-01 $149,900 (7.1%) $190,546 (0.6%) 0.00 137
    2024-10-01 $152,450 (9.9%) $195,104 (0.5%) 0.00 142
    2024-11-01 $154,900 (9.2%) $195,679 (2.0%) 0.00 141
    2024-12-01 $154,900 (5.6%) $197,754 (4.6%) 0.00 131
    2025-01-01 $149,175 (-0.2%) $210,480 (1.9%) 0.00 118
    2025-02-01 $144,950 (-7.2%) $213,170 (1.1%) 0.00 119
    2025-03-01 $144,950 (-11.6%) $217,614 (3.1%) 0.00 107
    Ponca City's median listing price for 2025-03-01 was $144,950, a difference of $-19,050 (-11.6%) versus the prior year and $0 versus the prior month.

    Ponca City's median listing price comes in at 0% of the national average.

    Ponca City's average listing price for 2025-03-01 was $217,614, a difference of $6,513 (3.1%) versus the prior year and $4,444 versus the prior month.

    For the 2025-03-01 period, Ponca City had 107 MLS listings, a difference of -12 listings (-10%) versus the prior month and -1 listings (-1%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ponca City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,689 sqft
    2018-02-01 0 days 1,686 sqft
    2018-03-01 0 days 1,695 sqft
    2018-04-01 0 days 1,677 sqft
    2018-05-01 0 days 1,693 sqft
    2018-06-01 0 days 1,730 sqft
    2018-07-01 0 days 1,795 sqft
    2018-08-01 0 days 1,763 sqft
    2018-09-01 0 days 1,720 sqft
    2018-10-01 0 days 1,651 sqft
    2018-11-01 0 days 1,602 sqft
    2018-12-01 0 days 1,582 sqft
    2019-01-01 0 days 1,577 sqft
    2019-02-01 0 days 1,594 sqft
    2019-03-01 0 days 1,605 sqft
    2019-04-01 0 days 1,621 sqft
    2019-05-01 0 days 1,669 sqft
    2019-06-01 0 days 1,732 sqft
    2019-07-01 0 days 1,744 sqft
    2019-08-01 0 days 1,749 sqft
    2019-09-01 0 days 1,750 sqft
    2019-10-01 0 days 1,750 sqft
    2019-11-01 0 days 1,752 sqft
    2019-12-01 0 days 1,695 sqft
    2020-01-01 0 days 1,649 sqft
    2020-02-01 0 days 1,601 sqft
    2020-03-01 0 days 1,627 sqft
    2020-04-01 0 days 1,616 sqft
    2020-05-01 0 days 1,654 sqft
    2020-06-01 0 days 1,755 sqft
    2020-07-01 0 days 1,683 sqft
    2020-08-01 0 days 1,665 sqft
    2020-09-01 0 days 1,616 sqft
    2020-10-01 0 days 1,641 sqft
    2020-11-01 0 days 1,583 sqft
    2020-12-01 0 days 1,618 sqft
    2021-01-01 0 days 1,557 sqft
    2021-02-01 0 days 1,595 sqft
    2021-03-01 0 days 1,680 sqft
    2021-04-01 0 days 1,729 sqft
    2021-05-01 0 days 1,819 sqft
    2021-06-01 0 days 1,411 sqft
    2021-07-01 0 days 1,411 sqft
    2021-08-01 0 days 1,624 sqft
    2021-09-01 0 days 1,585 sqft
    2021-10-01 0 days 1,638 sqft
    2021-11-01 0 days 1,625 sqft
    2021-12-01 0 days 1,608 sqft
    2022-01-01 0 days 1,638 sqft
    2022-02-01 0 days 1,601 sqft
    2022-03-01 0 days 1,613 sqft
    2022-04-01 0 days 1,619 sqft
    2022-05-01 0 days 1,582 sqft
    2022-06-01 0 days 1,626 sqft
    2022-07-01 0 days 1,668 sqft
    2022-08-01 0 days 1,528 sqft
    2022-09-01 0 days 1,592 sqft
    2022-10-01 0 days 1,743 sqft
    2022-11-01 0 days 1,878 sqft
    2022-12-01 0 days 1,871 sqft
    2023-01-01 0 days 1,944 sqft
    2023-02-01 0 days 1,943 sqft
    2023-03-01 0 days 1,833 sqft
    2023-04-01 0 days 1,833 sqft
    2023-05-01 0 days 1,789 sqft
    2023-06-01 0 days 1,778 sqft
    2023-07-01 0 days 1,751 sqft
    2023-08-01 0 days 1,751 sqft
    2023-09-01 0 days 1,746 sqft
    2023-10-01 0 days 1,603 sqft
    2023-11-01 0 days 1,552 sqft
    2023-12-01 0 days 1,575 sqft
    2024-01-01 0 days 1,678 sqft
    2024-02-01 0 days 1,739 sqft
    2024-03-01 0 days 1,732 sqft
    2024-04-01 0 days 1,696 sqft
    2024-05-01 0 days 1,663 sqft
    2024-06-01 0 days 1,661 sqft
    2024-07-01 0 days 1,653 sqft
    2024-08-01 0 days 1,589 sqft
    2024-09-01 0 days 1,641 sqft
    2024-10-01 0 days 1,628 sqft
    2024-11-01 0 days 1,650 sqft
    2024-12-01 0 days 1,649 sqft
    2025-01-01 0 days 1,656 sqft
    2025-02-01 0 days 1,592 sqft
    2025-03-01 0 days 1,621 sqft
    Ponca City's median listing age (time on market) for 2025-03-01 was 0 days.

    Ponca City's median square footage for active listings during the 2025-03-01 period was 1,621 sqft. One year prior, the average listing was 1,732 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).