Tulsa FHA Loan Rates, Closing Costs & Stats

TULSA, 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.

    Tulsa's 145 lenders originated 3,470 FHA loans during 2024. The total origination value was $815,720,000, with an average FHA loan value of $235,078.

    Tulsa FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Tulsa averaged 0.36% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Tulsa's average FHA mortgage closing costs are $7,960.

    The average rate for the prior week (2025-06-13) was 6.54% and one month ago for the week of 2025-05-16, the average rate was 6.5%.

    The average rate one year ago was 6.86%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.06%.

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

    Tulsa 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 Tulsa level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    ASSOCIATED MORTGAGE CORPORATION 312 6.38% $10,428
    FLAT BRANCH MORTGAGE, INC. 252 6.66% $9,532
    First United Bank and Trust Company 232 6.01% $11,763
    QUICKEN LOANS, LLC 200 6.33% $11,262
    THE MORTGAGE LINK, INC. 178 6.49% $16,355
    UNITED WHOLESALE MORTGAGE, LLC 132 6.24% $11,795
    Arvest Bank 126 6.62% $9,092
    BOKF 115 6.65% $9,852
    US MORTGAGE CORPORATION 93 6.58% $10,408
    Waterstone Mortgage Corporation 80 6.57% $11,390
    Stride Bank 79 6.37% $11,398
    DHI MORTGAGE COMPANY, LTD. 78 5.11% $7,683
    American Mortgage Bank, LLC 65 6.61% $11,141
    BROKER SOLUTIONS, INC. 53 6.80% $11,778
    FREEDOM MORTGAGE CORPORATION 52 6.46% $12,114
    PENNYMAC LOAN SERVICES, LLC 52 6.14% $9,378
    LOANDEPOT.COM, LLC 41 6.50% $11,162
    American Bank of Oklahoma 34 6.23% $8,824
    CROSSCOUNTRY MORTGAGE, LLC 31 6.55% $12,305
    AMERICAN FINANCIAL NETWORK, INC. 29 6.72% $12,190
    Gateway First Bank 29 6.53% $10,821
    American Mortgage & Equity Consultants, Inc. 27 6.94% $12,962
    The Central Trust Bank 27 6.18% $10,460
    CORNERSTONE HOME LENDING, INC. 24 6.81% $11,481
    NEWREZ LLC 23 6.60% $10,259
    BancFirst 22 6.81% $8,398
    MID AMERICA MORTGAGE, INC. 22 6.49% $7,665
    T2 FINANCIAL LLC 21 6.23% $11,910
    MORTGAGE SOLUTIONS OF COLORADO, LLC 20 6.88% $12,248
    RCB Bank 19 6.36% $8,641
    SUCCESS MORTGAGE PARTNERS, INC. 18 6.59% $15,081
    MUTUAL OF OMAHA MORTGAGE, INC. 18 6.46% $15,301
    GUILD MORTGAGE COMPANY 18 6.78% $8,454
    Equity Prime Mortgage LLC 18 6.88% $10,846
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 17 6.70% $10,616
    Mr. Cooper ( Nationstar Mortgage ) 15 6.58% $14,597
    Firstar Bank 15 6.23% $9,201
    Carrington Mortgage Services, LLC 15 6.23% $12,866
    DEVELOPER'S MORTGAGE COMPANY 14 7.08% $8,961
    OPEN MORTGAGE, LLC 14 6.57% $12,071
    Mabrey Bank 13 6.25% $8,961
    UNION HOME MORTGAGE CORP. 13 6.41% $11,838
    AmeriHome Mortgage Company, LLC 13 6.72% $7,850
    Regent Financial Group, Inc. 10 6.85% $10,969
    AMERISAVE MORTGAGE CORPORATION 10 6.31% $12,260
    Chickasaw Community Bank 10 6.51% $8,430
    LOANPAL, LLC 10 5.80% $11,878
    GUARANTEED RATE, INC. 9 6.44% $9,784
    LAKEVIEW LOAN SERVICING, LLC 8 6.05% $12,229
    NEW FED MORTGAGE, CORP. 8 6.69% $10,806
    MOVEMENT MORTGAGE, LLC 8 6.83% $10,472
    AMERICAN FINANCING CORPORATION 8 6.20% $10,930
    V.I.P. MORTGAGE, INC. 7 6.34% $9,271
    AMERICAN FINANCIAL RESOURCES, INC. 7 6.32% $13,980
    PRIMELENDING, A PLAINSCAPITAL COMPANY 7 7.04% $11,290
    CARDINAL FINANCIAL 7 6.59% $13,072
    TOWNE MORTGAGE COMPANY 7 6.50% $9,532
    Mortgage Research Center, LLC 6 6.67% $6,803
    ENDEAVOR CAPITAL, LLC. 6 6.06% $10,397
    Century Mortgage Company DBA Century Lending Company 6 6.56% $6,968
    International Bank of Commerce 6 6.58% $11,268
    PLANET HOME LENDING, LLC 6 6.27% $6,677
    SENTE MORTGAGE, INC. 6 7.35% $10,945
    PHH Mortgage Corporation 5 6.27% $14,036
    ZILLOW HOME LOANS, LLC 5 6.58% $8,948
    SUN WEST MORTGAGE COMPANY, INC. 5 6.00% $12,569
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.42% $8,558
    POLARIS HOME FUNDING CORP. 5 6.70% $14,815
    Mortgage Investment Services Corporation 5 6.58% $6,960
    Nations Lending Corporation 5 6.15% $14,728
    Servion, Inc. 5 6.88% $7,378
    INTERLINC MORTGAGE SERVICES, LLC 4 6.81% $6,767
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.72% $9,821
    SOUTHWEST FUNDING, LP 4 6.84% $13,573
    Paramount Residential Mortgage Group, Inc. 4 6.50% $14,091
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.25% $5,974
    Great Plains National Bank 4 6.31% $9,427
    GENEVA FINANCIAL, LLC 4 6.81% $14,895
    NBKC BANK 3 6.46% $10,650
    TTCU Federal Credit Union 3 6.42% $6,969
    CMG MORTGAGE, INC. 3 6.04% $13,670
    CHURCHILL MORTGAGE CORPORATION 3 6.25% $9,842
    EVERETT FINANCIAL, INC. 3 6.54% $10,344
    HOMESIDE FINANCIAL, LLC 3 6.38% $12,406
    JPMorgan Chase Bank 3 6.42% $5,978
    Barrington Bank & Trust Company, N.A. 3 6.75% $8,750
    GARDNER FINANCIAL SERVICES, LTD. 3 6.79% $11,094
    Bank of America 3 6.00% $6,243
    The Loan Store, Inc. 2 6.63% $7,842
    S1L, Inc. 2 6.44% $12,059
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.69% $10,062
    BETTER MORTGAGE CORPORATION 2 6.38% $9,071
    FBC MORTGAGE, LLC 2 6.25% $12,151
    Members Mortgage Services, L.L.C. 2 7.00% $11,798
    PENTAGON FEDERAL CREDIT UNION 2 6.06% $10,208
    Flagstar Bank, FSB 2 6.51% $8,041
    RUOFF MORTGAGE COMPANY, INC. 2 6.38% $9,213
    Plains Commerce Bank 2 6.69% $11,972
    LAND HOME FINANCIAL SERVICES, INC. 2 7.25% $19,829
    PLAZA HOME MORTGAGE, INC. 2 6.06% $11,484
    Sierra Pacific Mortgage Company, Inc. 2 6.50% $12,456
    SFMC, LP 2 6.88% $11,424
    VILLAGE CAPITAL MORTGAGE 2 6.50% $8,272
    SECURITYNATIONAL MORTGAGE COMPANY 2 7.44% $10,587
    VAN DYK MORTGAGE CORPORATION 2 6.38% $5,509
    TruHome Solutions, LLC 2 6.38% $8,739
    ROYAL UNITED MORTGAGE LLC 2 7.06% $7,721
    NEW DAY FINANCIAL, LLC 2 7.38% $3,877
    TOP FLITE FINANCIAL, INC. 2 6.13% $11,486
    FIRST COMMUNITY MORTGAGE, INC. 1 6.49% $9,140
    First National Bank and Trust Company 1 6.00% $7,683
    FIRST AMERICAN MORTGAGE, INC. 1 6.75% $9,084
    FIRST WESTERN MORTGAGE, INC. 1 6.00% $4,438
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.25% $8,441
    Goldwater Bank, N.A. 1 6.50% $7,859
    Equity Bank 1 6.25% $7,322
    Lakeview Community Capital, LLC 1 5.75% $9,923
    LEADERONE FINANCIAL CORPORATION 1 6.63% $10,077
    Cornerstone First Mortgage, Inc 1 7.75% $5,682
    Commerce Bank 1 7.63% $7,826
    MidFirst Bank 1 7.00% $6,881
    MORTGAGEONE, INC. 1 6.75% $14,900
    NORWICH COMMERCIAL GROUP, INC. 1 7.25% $8,336
    Old National Bank 1 5.50% $6,930
    BECKAM FUNDING CORP. 1 6.13% $10,838
    Pinnacle Bank 1 6.13% $8,268
    PREMIA MORTGAGE, LLC 1 6.13% $11,516
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 8.75% $9,068
    Prosperity Bank 1 6.13% $8,948
    RANLIFE, INC. 1 5.88% $16,872
    Affiliated Bank 1 7.00% $9,751
    Simmons Bank 1 7.38% $9,011
    AXIA FINANCIAL, LLC 1 7.75% $8,481
    Assurance Financial Group, L.L.C. 1 6.75% $13,347
    SUMMIT FUNDING, INC. 1 7.63% $11,913
    SWBC MORTGAGE CORPORATION 1 5.75% $10,790
    Armed Forces Bank 1 6.63% $4,105
    Texana Bank 1 7.50% $12,098
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.38% $5,933
    TOTAL MORTGAGE SERVICES, LLC 1 7.63% $11,964
    AMERICAN HOMESTAR MORTGAGE, L.L.C. 1 5.00% $15,310
    U.S. Bank 1 7.25% $8,061
    Wells Fargo Bank 1 6.13% $9,815
    Willamette Valley Bank 1 5.75% $12,798
    First Federal Bank 1 6.00% $12,648

    The top Tulsa FHA lender as defined by loan originations is ASSOCIATED MORTGAGE CORPORATION, with 312 FHA loans originated. Their average total fees are $10,428, which is $896 higher than the next largest lender, FLAT BRANCH MORTGAGE, INC..

    The lowest fee Tulsa FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($7,665), DHI MORTGAGE COMPANY, LTD. ($7,683), AmeriHome Mortgage Company, LLC ($7,850), BancFirst ($8,398) and Chickasaw Community Bank ($8,430).

    The lowest rate Tulsa FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.11%), LOANPAL, LLC (5.80%), First United Bank and Trust Company (6.01%), PENNYMAC LOAN SERVICES, LLC (6.14%) and The Central Trust Bank (6.18%).

    Tulsa FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    TULSA, OK CREEK 2022 $420,680 $538,650 $651,050 $809,150
    TULSA, OK OKMULGEE 2022 $420,680 $538,650 $651,050 $809,150
    TULSA, OK OSAGE 2022 $420,680 $538,650 $651,050 $809,150
    TULSA, OK PAWNEE 2022 $420,680 $538,650 $651,050 $809,150
    TULSA, OK ROGERS 2022 $420,680 $538,650 $651,050 $809,150
    TULSA, OK TULSA 2022 $420,680 $538,650 $651,050 $809,150
    TULSA, OK WAGONER 2022 $420,680 $538,650 $651,050 $809,150
    TULSA, OK CREEK 2023 $472,030 $604,400 $730,525 $907,900
    TULSA, OK OKMULGEE 2023 $472,030 $604,400 $730,525 $907,900
    TULSA, OK OSAGE 2023 $472,030 $604,400 $730,525 $907,900
    TULSA, OK PAWNEE 2023 $472,030 $604,400 $730,525 $907,900
    TULSA, OK ROGERS 2023 $472,030 $604,400 $730,525 $907,900
    TULSA, OK TULSA 2023 $472,030 $604,400 $730,525 $907,900
    TULSA, OK WAGONER 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).