Weatherford FHA Loan Rates, Closing Costs & Stats

Weatherford, 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.

    Weatherford's 29 lenders originated 64 FHA loans during 2023. The total origination value was $11,310,000, with an average FHA loan value of $176,719.

    Weatherford FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Weatherford averaged 6.66% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Weatherford's average FHA mortgage closing costs are $6,485.

    The average rate for the prior week (2025-02-07) was 6.47% and one month ago for the week of 2025-01-10, the average rate was 6.93%.

    The average rate one year ago was 6.56%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.52%.

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

    Weatherford 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 Weatherford level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 10 6.26% $11,742
    INTERLINC MORTGAGE SERVICES, LLC 9 7.15% $7,678
    BancFirst 6 7.10% $7,998
    SUN WEST MORTGAGE COMPANY, INC. 2 6.88% $7,149
    GUARANTEED RATE, INC. 2 5.75% $7,433
    UNITED WHOLESALE MORTGAGE, LLC 2 5.61% $8,096
    BROKER SOLUTIONS, INC. 2 7.00% $11,512
    FIRST AMERICAN MORTGAGE, INC. 2 6.88% $6,363
    GUILD MORTGAGE COMPANY 1 7.63% $2,605
    AMERICAN FINANCIAL NETWORK, INC. 1 7.25% $6,662
    MID AMERICA MORTGAGE, INC. 1 7.38% $4,424
    MLD MORTGAGE INC. 1 7.25% $8,368
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.00% $10,860
    Nations Lending Corporation 1 6.25% $14,840
    NEWREZ LLC 1 7.25% $10,062
    NFM, INC. 1 7.25% $8,781
    PENNYMAC LOAN SERVICES, LLC 1 6.75% $7,818
    SENTE MORTGAGE, INC. 1 6.99% $10,739
    Stride Bank 1 7.00% $5,222
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.63% $11,077
    United Fidelity Funding Corp. 1 7.25% $14,435
    LOANDEPOT.COM, LLC 1 7.75% $6,238
    American Mortgage Bank, LLC 1 6.63% $5,886
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $16,302
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $7,246
    ASSOCIATED MORTGAGE CORPORATION 1 6.75% $6,228
    CWM PARTNERS, L.P. 1 7.13% $8,484
    FINANCIAL CONCEPTS MORTGAGE, LLC 1 6.75% $7,829
    FLAT BRANCH MORTGAGE, INC. 1 6.38% $7,082

    The top Weatherford FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 10 FHA loans originated. Their average total fees are $11,742, which is $4,064 higher than the next largest lender, INTERLINC MORTGAGE SERVICES, LLC.

    The lowest fee Weatherford FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($11,742), .

    The lowest rate Weatherford FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.26%), .

    Weatherford FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Weatherford (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 $129,600 (9.4%) $178,263 (4.2%) 0.00 170
    2018-02-01 $128,560 (12.4%) $177,340 (4.6%) 0.00 163
    2018-03-01 $129,700 (6.1%) $168,114 (-0.7%) 0.00 165
    2018-04-01 $137,940 (8.4%) $178,647 (5.0%) 0.00 174
    2018-05-01 $137,765 (7.4%) $176,842 (0.5%) 0.00 174
    2018-06-01 $129,900 (0.8%) $159,029 (-16.4%) 0.00 184
    2018-07-01 $126,155 (-3.0%) $157,564 (-17.8%) 0.00 185
    2018-08-01 $124,900 (-3.2%) $153,316 (-21.3%) 0.00 183
    2018-09-01 $127,560 (-5.1%) $151,936 (-23.0%) 0.00 172
    2018-10-01 $128,075 (-0.6%) $157,776 (-18.2%) 0.00 164
    2018-11-01 $124,750 (4.8%) $159,777 (-11.2%) 0.00 159
    2018-12-01 $128,900 (-0.8%) $162,530 (-9.4%) 0.00 150
    2019-01-01 $125,600 (-3.1%) $153,913 (-13.7%) 0.00 161
    2019-02-01 $120,000 (-6.7%) $146,718 (-17.3%) 0.00 157
    2019-03-01 $121,286 (-6.5%) $153,338 (-8.8%) 0.00 156
    2019-04-01 $124,000 (-10.1%) $157,413 (-11.9%) 0.00 160
    2019-05-01 $129,500 (-6.0%) $162,818 (-7.9%) 0.00 167
    2019-06-01 $130,500 (0.5%) $167,340 (5.2%) 0.00 171
    2019-07-01 $129,950 (3.0%) $167,118 (6.1%) 0.00 163
    2019-08-01 $132,518 (6.1%) $168,716 (10.0%) 0.00 166
    2019-09-01 $136,445 (7.0%) $171,069 (12.6%) 0.00 172
    2019-10-01 $138,689 (8.3%) $172,868 (9.6%) 0.00 176
    2019-11-01 $139,500 (11.8%) $172,845 (8.2%) 0.00 174
    2019-12-01 $136,125 (5.6%) $174,812 (7.6%) 0.00 170
    2020-01-01 $136,000 (8.3%) $170,151 (10.6%) 0.00 177
    2020-02-01 $135,000 (12.5%) $168,223 (14.7%) 0.00 165
    2020-03-01 $137,900 (13.7%) $174,187 (13.6%) 0.00 170
    2020-04-01 $139,225 (12.3%) $188,807 (19.9%) 0.00 174
    2020-05-01 $139,900 (8.0%) $185,403 (13.9%) 0.00 169
    2020-06-01 $138,400 (6.1%) $187,280 (11.9%) 0.00 165
    2020-07-01 $152,125 (17.1%) $190,820 (14.2%) 0.00 158
    2020-08-01 $169,900 (28.2%) $198,598 (17.7%) 0.00 155
    2020-09-01 $172,675 (26.6%) $203,455 (18.9%) 0.00 151
    2020-10-01 $157,000 (13.2%) $203,089 (17.5%) 0.00 160
    2020-11-01 $151,950 (8.9%) $200,346 (15.9%) 0.00 151
    2020-12-01 $158,125 (16.2%) $201,217 (15.1%) 0.00 142
    2021-01-01 $155,200 (14.1%) $197,820 (16.3%) 0.00 138
    2021-02-01 $149,950 (11.1%) $195,444 (16.2%) 0.00 124
    2021-03-01 $165,600 (20.1%) $211,903 (21.7%) 0.00 122
    2021-04-01 $163,725 (17.6%) $203,738 (7.9%) 0.00 121
    2021-05-01 $169,900 (21.4%) $204,799 (10.5%) 0.00 119
    2021-06-01 $174,250 (25.9%) $213,098 (13.8%) 0.00 114
    2021-07-01 $178,000 (17.0%) $220,327 (15.5%) 0.00 118
    2021-08-01 $177,250 (4.3%) $219,870 (10.7%) 0.00 110
    2021-09-01 $169,500 (-1.8%) $208,164 (2.3%) 0.00 108
    2021-10-01 $174,900 (11.4%) $215,871 (6.3%) 0.00 112
    2021-11-01 $176,575 (16.2%) $244,953 (22.3%) 0.00 114
    2021-12-01 $168,225 (6.4%) $233,363 (16.0%) 0.00 98
    2022-01-01 $152,400 (-1.8%) $220,719 (11.6%) 0.00 91
    2022-02-01 $154,200 (2.8%) $214,190 (9.6%) 0.00 90
    2022-03-01 $149,750 (-9.6%) $215,331 (1.6%) 0.00 83
    2022-04-01 $145,000 (-11.4%) $193,452 (-5.1%) 0.00 97
    2022-05-01 $152,450 (-10.3%) $204,626 (-0.1%) 0.00 91
    2022-06-01 $156,500 (-10.2%) $218,327 (2.5%) 0.00 93
    2022-07-01 $167,000 (-6.2%) $210,339 (-4.5%) 0.00 99
    2022-08-01 $177,250 (0.0%) $221,349 (0.7%) 0.00 106
    2022-09-01 $174,250 (2.8%) $230,292 (10.6%) 0.00 111
    2022-10-01 $170,000 (-2.8%) $254,387 (17.8%) 0.00 112
    2022-11-01 $154,000 (-12.8%) $242,984 (-0.8%) 0.00 121
    2022-12-01 $170,000 (1.1%) $227,508 (-2.5%) 0.00 116
    2023-01-01 $159,000 (4.3%) $212,065 (-3.9%) 0.00 110
    2023-02-01 $148,145 (-3.9%) $205,741 (-3.9%) 0.00 110
    2023-03-01 $159,450 (6.5%) $218,044 (1.3%) 0.00 100
    2023-04-01 $159,000 (9.7%) $225,377 (16.5%) 0.00 97
    2023-05-01 $163,750 (7.4%) $231,604 (13.2%) 0.00 102
    2023-06-01 $184,170 (17.7%) $239,844 (9.9%) 0.00 111
    2023-07-01 $179,000 (7.2%) $231,656 (10.1%) 0.00 112
    2023-08-01 $187,150 (5.6%) $232,677 (5.1%) 0.00 116
    2023-09-01 $177,005 (1.6%) $226,405 (-1.7%) 0.00 112
    2023-10-01 $183,500 (7.9%) $229,156 (-9.9%) 0.00 117
    2023-11-01 $183,675 (19.3%) $230,273 (-5.2%) 0.00 111
    2023-12-01 $175,000 (2.9%) $220,342 (-3.2%) 0.00 104
    2024-01-01 $168,493 (6.0%) $212,266 (0.1%) 0.00 100
    2024-02-01 $157,450 (6.3%) $208,248 (1.2%) 0.00 106
    2024-03-01 $185,000 (16.0%) $231,663 (6.3%) 0.00 102
    2024-04-01 $182,950 (15.1%) $229,085 (1.7%) 0.00 105
    2024-05-01 $189,000 (15.4%) $231,131 (-0.2%) 0.00 104
    2024-06-01 $196,560 (6.7%) $236,894 (-1.2%) 0.00 102
    2024-07-01 $187,525 (4.8%) $227,607 (-1.8%) 0.00 101
    2024-08-01 $180,000 (-3.8%) $229,191 (-1.5%) 0.00 97
    2024-09-01 $176,225 (-0.4%) $227,697 (0.6%) 0.00 118
    2024-10-01 $181,250 (-1.2%) $238,586 (4.1%) 0.00 121
    2024-11-01 $175,000 (-4.7%) $240,746 (4.6%) 0.00 131
    2024-12-01 $175,750 (0.4%) $242,242 (9.9%) 0.00 134
    2025-01-01 $175,750 (4.3%) $234,112 (10.3%) 0.00 136
    Weatherford's median listing price for 2025-01-01 was $175,750, a difference of $7,257 (4.3%) versus the prior year and $0 versus the prior month.

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

    Weatherford's average listing price for 2025-01-01 was $234,112, a difference of $21,846 (10.3%) versus the prior year and $-8,130 versus the prior month.

    For the 2025-01-01 period, Weatherford had 136 MLS listings, a difference of 2 listings (1%) versus the prior month and 36 listings (36%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Weatherford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,763 sqft
    2018-02-01 0 days 1,713 sqft
    2018-03-01 0 days 1,695 sqft
    2018-04-01 0 days 1,763 sqft
    2018-05-01 0 days 1,759 sqft
    2018-06-01 0 days 1,732 sqft
    2018-07-01 0 days 1,711 sqft
    2018-08-01 0 days 1,690 sqft
    2018-09-01 0 days 1,690 sqft
    2018-10-01 0 days 1,740 sqft
    2018-11-01 0 days 1,675 sqft
    2018-12-01 0 days 1,685 sqft
    2019-01-01 0 days 1,674 sqft
    2019-02-01 0 days 1,625 sqft
    2019-03-01 0 days 1,645 sqft
    2019-04-01 0 days 1,638 sqft
    2019-05-01 0 days 1,656 sqft
    2019-06-01 0 days 1,764 sqft
    2019-07-01 0 days 1,799 sqft
    2019-08-01 0 days 1,786 sqft
    2019-09-01 0 days 1,765 sqft
    2019-10-01 0 days 1,780 sqft
    2019-11-01 0 days 1,802 sqft
    2019-12-01 0 days 1,732 sqft
    2020-01-01 0 days 1,729 sqft
    2020-02-01 0 days 1,734 sqft
    2020-03-01 0 days 1,776 sqft
    2020-04-01 0 days 1,769 sqft
    2020-05-01 0 days 1,736 sqft
    2020-06-01 0 days 1,800 sqft
    2020-07-01 0 days 1,831 sqft
    2020-08-01 0 days 1,908 sqft
    2020-09-01 0 days 1,877 sqft
    2020-10-01 0 days 1,886 sqft
    2020-11-01 0 days 1,918 sqft
    2020-12-01 0 days 1,926 sqft
    2021-01-01 0 days 1,880 sqft
    2021-02-01 0 days 1,809 sqft
    2021-03-01 0 days 1,845 sqft
    2021-04-01 0 days 1,846 sqft
    2021-05-01 0 days 1,848 sqft
    2021-06-01 0 days 1,784 sqft
    2021-07-01 0 days 1,805 sqft
    2021-08-01 0 days 1,789 sqft
    2021-09-01 0 days 1,721 sqft
    2021-10-01 0 days 1,735 sqft
    2021-11-01 0 days 1,808 sqft
    2021-12-01 0 days 1,800 sqft
    2022-01-01 0 days 1,794 sqft
    2022-02-01 0 days 1,750 sqft
    2022-03-01 0 days 1,797 sqft
    2022-04-01 0 days 1,697 sqft
    2022-05-01 0 days 1,704 sqft
    2022-06-01 0 days 1,730 sqft
    2022-07-01 0 days 1,758 sqft
    2022-08-01 0 days 1,715 sqft
    2022-09-01 0 days 1,713 sqft
    2022-10-01 0 days 1,724 sqft
    2022-11-01 0 days 1,693 sqft
    2022-12-01 0 days 1,728 sqft
    2023-01-01 0 days 1,655 sqft
    2023-02-01 0 days 1,615 sqft
    2023-03-01 0 days 1,641 sqft
    2023-04-01 0 days 1,717 sqft
    2023-05-01 0 days 1,784 sqft
    2023-06-01 0 days 1,796 sqft
    2023-07-01 0 days 1,800 sqft
    2023-08-01 0 days 1,783 sqft
    2023-09-01 0 days 1,755 sqft
    2023-10-01 0 days 1,692 sqft
    2023-11-01 0 days 1,672 sqft
    2023-12-01 0 days 1,615 sqft
    2024-01-01 0 days 1,633 sqft
    2024-02-01 0 days 1,596 sqft
    2024-03-01 0 days 1,653 sqft
    2024-04-01 0 days 1,680 sqft
    2024-05-01 0 days 1,624 sqft
    2024-06-01 0 days 1,704 sqft
    2024-07-01 0 days 1,689 sqft
    2024-08-01 0 days 1,740 sqft
    2024-09-01 0 days 1,796 sqft
    2024-10-01 0 days 1,858 sqft
    2024-11-01 0 days 1,788 sqft
    2024-12-01 0 days 1,720 sqft
    2025-01-01 0 days 1,728 sqft
    Weatherford's median listing age (time on market) for 2025-01-01 was 0 days.

    Weatherford's median square footage for active listings during the 2025-01-01 period was 1,728 sqft. One year prior, the average listing was 1,633 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).