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 21 lenders originated 69 FHA loans during 2024. The total origination value was $12,735,000, with an average FHA loan value of $184,565.

    Weatherford FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Weatherford averaged 7.06% for the week of 2025-07-18, compared to the national average (all FHA variants) of 6.527% for the same period.

    Weatherford's average FHA mortgage closing costs are $6,656.

    The average rate for the prior week (2025-07-11) was 6.96% and one month ago for the week of 2025-06-13, the average rate was 6.91%.

    The average rate one year ago was 6.98%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.33%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    INTERLINC MORTGAGE SERVICES, LLC 18 7.22% $5,908
    SUN WEST MORTGAGE COMPANY, INC. 7 6.05% $8,407
    QUICKEN LOANS, LLC 7 6.44% $9,763
    BancFirst 6 6.39% $7,053
    BROKER SOLUTIONS, INC. 3 7.08% $9,455
    UNITED WHOLESALE MORTGAGE, LLC 3 6.75% $13,206
    Great Plains National Bank 3 6.04% $7,635
    GUARANTEED RATE, INC. 2 6.16% $7,469
    MID AMERICA MORTGAGE, INC. 1 6.75% $5,063
    MidFirst Bank 1 5.75% $7,076
    SOUTHWEST FUNDING, LP 1 7.75% $10,564
    Stride Bank 1 6.63% $6,096
    AmeriHome Mortgage Company, LLC 1 6.63% $8,082
    Waterstone Mortgage Corporation 1 7.63% $7,483
    AMERISAVE MORTGAGE CORPORATION 1 6.75% $10,985
    BETTER MORTGAGE CORPORATION 1 6.13% $7,355
    CWM PARTNERS, L.P. 1 6.63% $9,390
    FIRST AMERICAN MORTGAGE, INC. 1 6.25% $2,644
    First United Bank and Trust Company 1 7.00% $9,238
    GUILD MORTGAGE COMPANY 1 6.63% $6,052
    LOANPAL, LLC 1 6.50% $8,954

    The top Weatherford FHA lender as defined by loan originations is INTERLINC MORTGAGE SERVICES, LLC, with 18 FHA loans originated. Their average total fees are $5,908, which is $2,499 lower than the next largest lender, SUN WEST MORTGAGE COMPANY, INC..

    The lowest fee Weatherford FHA lenders (with over 10 loans originated) are INTERLINC MORTGAGE SERVICES, LLC ($5,908), .

    The lowest rate Weatherford FHA lenders (with over 10 loans originated) are INTERLINC MORTGAGE SERVICES, LLC (7.22%), .

    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

    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).