Oklahoma City USDA Loan Rates, Closing Costs & Stats

OKLAHOMA CITY, OK

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Oklahoma City's 46 lenders originated 130 USDA loans during 2023. The total origination value was $23,440,000, with an average USDA loan value of $180,308.

Oklahoma City USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Oklahoma City averaged 6.8% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

Oklahoma City's average USDA mortgage closing costs are $4,693.

The average rate for the prior week (2024-04-05) was 6.62% and one month ago for the week of 2024-03-08, the average rate was 6.38%.

The average rate one year ago was 6.49%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.8%.

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

Oklahoma City USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Oklahoma City level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CORNERSTONE HOME LENDING, INC. 14 6.15% $8,545
GUILD MORTGAGE COMPANY 7 6.89% $5,970
OPEN MORTGAGE, LLC 6 6.08% $8,258
Stride Bank 6 6.38% $6,371
UNITED WHOLESALE MORTGAGE, LLC 6 6.43% $6,209
F & M Bank 5 6.48% $4,047
First United Bank and Trust Company 5 7.43% $6,141
GUARANTEED RATE, INC. 5 6.27% $6,725
Chickasaw Community Bank 4 6.81% $6,538
NEWREZ LLC 4 6.88% $8,456
FIRST AMERICAN MORTGAGE, INC. 3 6.21% $5,751
Flagstar Bank, FSB 3 6.71% $7,889
Century Mortgage Company DBA Century Lending Company 3 6.92% $6,730
Arvest Bank 3 6.08% $6,850
The Central Trust Bank 2 5.81% $9,077
BancFirst 2 7.06% $4,231
CARDINAL FINANCIAL 2 5.94% $10,625
CMG MORTGAGE, INC. 2 6.06% $7,958
FINANCIAL CONCEPTS MORTGAGE, LLC 2 6.25% $7,061
First National Bank and Trust Company 2 6.56% $6,383
Gateway First Bank 2 7.00% $8,503
Great Plains National Bank 2 6.25% $7,745
Mortgage Investment Services Corporation 2 7.25% $5,289
PLAZA HOME MORTGAGE, INC. 2 6.13% $5,787
ROYAL UNITED MORTGAGE LLC 2 6.81% $7,092
Unify Home Lending Inc. 2 6.19% $2,967
UNION HOME MORTGAGE CORP. 2 7.19% $5,919
INTERCAP LENDING INC. 1 5.63% $8,085
LEGEND LENDING CORPORATION 1 7.63% $5,666
MID AMERICA MORTGAGE, INC. 1 6.25% $2,563
THE MORTGAGE LINK, INC. 1 7.63% $6,892
Mortgage Research Center, LLC 1 6.99% $1,945
Nations Lending Corporation 1 6.13% $14,979
Equity Prime Mortgage LLC 1 7.38% $7,285
CHURCHILL MORTGAGE CORPORATION 1 7.49% $5,582
Plains Commerce Bank 1 6.63% $7,194
United Fidelity Funding Corp. 1 6.63% $8,230
RESIDENTIAL BANCORP 1 6.25% $11,565
ASSOCIATED MORTGAGE CORPORATION 1 5.63% $4,201
FLAT BRANCH MORTGAGE, INC. 1 7.13% $4,462
GARDNER FINANCIAL SERVICES, LTD. 1 7.13% $4,661
BOKF 1 6.13% $4,992
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.63% $3,455
FIRST COMMUNITY MORTGAGE, INC. 1 6.88% $4,508
GUARANTY HOME MORTGAGE CORPORATION 1 6.75% $6,817
EVERETT FINANCIAL, INC. 1 7.13% $3,771

The top Oklahoma City USDA lender as defined by loan originations is CORNERSTONE HOME LENDING, INC., with 14 USDA loans originated. Their average total fees are $8,545, which is $2,575 higher than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Oklahoma City USDA lenders (with over 10 loans originated) are CORNERSTONE HOME LENDING, INC. ($8,545), .

The lowest rate Oklahoma City USDA lenders (with over 10 loans originated) are CORNERSTONE HOME LENDING, INC. (6.15%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Oklahoma 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 $224,625 (3.6%) $289,303 (4.4%) 0.83 5,885
2018-02-01 $224,500 (3.0%) $292,603 (5.1%) 0.82 5,734
2018-03-01 $233,055 (5.7%) $301,200 (6.5%) 0.82 5,639
2018-04-01 $237,500 (5.6%) $306,794 (6.2%) 0.81 5,736
2018-05-01 $238,088 (3.5%) $309,325 (3.4%) 0.80 5,797
2018-06-01 $235,000 (2.2%) $310,440 (3.7%) 0.78 6,071
2018-07-01 $236,250 (4.3%) $312,663 (5.3%) 0.79 6,270
2018-08-01 $233,450 (3.8%) $307,954 (4.5%) 0.78 6,338
2018-09-01 $234,000 (4.0%) $309,152 (5.2%) 0.79 6,125
2018-10-01 $234,055 (4.3%) $312,495 (6.7%) 0.79 6,035
2018-11-01 $236,000 (6.0%) $316,134 (8.6%) 0.80 6,002
2018-12-01 $234,900 (4.5%) $318,080 (9.5%) 0.81 5,652
2019-01-01 $234,425 (4.4%) $314,541 (8.7%) 0.81 5,164
2019-02-01 $235,993 (5.1%) $312,419 (6.8%) 0.80 5,062
2019-03-01 $244,742 (5.0%) $324,103 (7.6%) 0.80 4,910
2019-04-01 $253,388 (6.7%) $334,334 (9.0%) 0.80 4,863
2019-05-01 $258,701 (8.7%) $339,316 (9.7%) 0.81 4,845
2019-06-01 $256,000 (8.9%) $339,689 (9.4%) 0.80 4,901
2019-07-01 $255,450 (8.1%) $339,886 (8.7%) 0.80 5,121
2019-08-01 $252,209 (8.0%) $339,141 (10.1%) 0.80 5,103
2019-09-01 $252,598 (8.0%) $338,264 (9.4%) 0.81 5,026
2019-10-01 $252,857 (8.0%) $337,359 (8.0%) 0.82 4,975
2019-11-01 $250,000 (5.9%) $338,294 (7.0%) 0.82 4,866
2019-12-01 $250,000 (6.4%) $340,009 (6.9%) 0.83 4,520
2020-01-01 $250,420 (6.8%) $337,996 (7.5%) 0.84 4,255
2020-02-01 $255,000 (8.1%) $340,099 (8.9%) 0.83 4,100
2020-03-01 $263,045 (7.5%) $345,031 (6.5%) 0.82 4,068
2020-04-01 $263,500 (4.0%) $344,511 (3.0%) 0.83 4,249
2020-05-01 $268,400 (3.8%) $354,200 (4.4%) 0.82 4,065
2020-06-01 $290,000 (13.3%) $387,484 (14.1%) 0.85 3,658
2020-07-01 $283,250 (10.9%) $387,000 (13.9%) 0.82 3,520
2020-08-01 $269,900 (7.0%) $375,059 (10.6%) 0.77 3,309
2020-09-01 $279,990 (10.8%) $393,775 (16.4%) 0.80 3,064
2020-10-01 $280,000 (10.7%) $399,411 (18.4%) 0.80 2,960
2020-11-01 $274,500 (9.8%) $394,403 (16.6%) 0.80 2,860
2020-12-01 $267,450 (7.0%) $390,267 (14.8%) 0.80 2,591
2021-01-01 $264,900 (5.8%) $382,725 (13.2%) 0.79 2,126
2021-02-01 $289,300 (13.5%) $416,273 (22.4%) 0.84 1,771
2021-03-01 $287,710 (9.4%) $419,976 (21.7%) 0.82 1,611
2021-04-01 $295,750 (12.2%) $435,367 (26.4%) 0.80 1,414
2021-05-01 $286,900 (6.9%) $425,803 (20.2%) 0.76 1,473
2021-06-01 $284,935 (-1.8%) $427,356 (10.3%) 0.75 1,734
2021-07-01 $285,000 (0.6%) $413,908 (7.0%) 0.75 2,098
2021-08-01 $279,751 (3.7%) $396,437 (5.7%) 0.75 2,388
2021-09-01 $275,642 (-1.6%) $390,030 (-1.0%) 0.74 2,420
2021-10-01 $274,993 (-1.8%) $399,764 (0.1%) 0.73 2,314
2021-11-01 $289,552 (5.5%) $420,330 (6.6%) 0.77 2,213
2021-12-01 $290,000 (8.4%) $410,654 (5.2%) 0.79 1,990
2022-01-01 $309,700 (16.9%) $426,093 (11.3%) 0.84 1,649
2022-02-01 $329,170 (13.8%) $443,992 (6.7%) 0.86 1,385
2022-03-01 $339,428 (18.0%) $458,237 (9.1%) 0.85 1,298
2022-04-01 $314,490 (6.3%) $435,093 (-0.1%) 0.75 1,434
2022-05-01 $325,805 (13.6%) $434,571 (2.1%) 0.74 1,838
2022-06-01 $321,990 (13.0%) $426,215 (-0.3%) 0.72 2,376
2022-07-01 $315,500 (10.7%) $409,500 (-1.1%) 0.71 3,084
2022-08-01 $319,344 (14.2%) $399,322 (0.7%) 0.74 3,336
2022-09-01 $322,245 (16.9%) $401,421 (2.9%) 0.75 3,255
2022-10-01 $320,000 (16.4%) $405,015 (1.3%) 0.75 3,541
2022-11-01 $325,000 (12.2%) $409,054 (-2.7%) 0.78 3,656
2022-12-01 $324,990 (12.1%) $404,474 (-1.5%) 0.80 3,489
2023-01-01 $338,837 (9.4%) $415,119 (-2.6%) 0.84 3,293
2023-02-01 $349,204 (6.1%) $422,130 (-4.9%) 0.84 3,052
2023-03-01 $350,000 (3.1%) $427,123 (-6.8%) 0.83 2,967
2023-04-01 $353,900 (12.5%) $429,085 (-1.4%) 0.82 2,913
2023-05-01 $354,653 (8.9%) $431,604 (-0.7%) 0.80 3,023
2023-06-01 $350,000 (8.7%) $434,286 (1.9%) 0.79 3,071
2023-07-01 $347,250 (10.1%) $431,505 (5.4%) 0.79 3,426
2023-08-01 $339,858 (6.4%) $420,632 (5.3%) 0.78 3,605
2023-09-01 $329,990 (2.4%) $416,892 (3.9%) 0.77 3,741
2023-10-01 $334,723 (4.6%) $413,774 (2.2%) 0.79 3,947
2023-11-01 $329,450 (1.4%) $408,881 (0.0%) 0.78 4,075
2023-12-01 $320,000 (-1.5%) $403,506 (-0.2%) 0.78 4,015
2024-01-01 $319,500 (-5.7%) $400,019 (-3.6%) 0.78 3,830
2024-02-01 $323,326 (-7.4%) $404,364 (-4.2%) 0.78 3,658
2024-03-01 $320,900 (-8.3%) $414,765 (-2.9%) 0.76 3,646
Oklahoma City's median listing price for 2024-03-01 was $320,900, a difference of $-29,100 (-8.3%) versus the prior year and $-2,426 versus the prior month.

Oklahoma City's median listing price comes in at 76% of the national average.

Oklahoma City's average listing price for 2024-03-01 was $414,765, a difference of $-12,358 (-2.9%) versus the prior year and $10,401 versus the prior month.

For the 2024-03-01 period, Oklahoma City had 3,646 MLS listings, a difference of -12 listings (0%) versus the prior month and 679 listings (23%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Oklahoma City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 73 days 2,065 sqft
2018-02-01 67 days 2,059 sqft
2018-03-01 58 days 2,099 sqft
2018-04-01 50 days 2,132 sqft
2018-05-01 48 days 2,127 sqft
2018-06-01 48 days 2,117 sqft
2018-07-01 52 days 2,124 sqft
2018-08-01 58 days 2,107 sqft
2018-09-01 58 days 2,106 sqft
2018-10-01 60 days 2,100 sqft
2018-11-01 61 days 2,097 sqft
2018-12-01 72 days 2,077 sqft
2019-01-01 74 days 2,052 sqft
2019-02-01 66 days 2,052 sqft
2019-03-01 55 days 2,095 sqft
2019-04-01 44 days 2,143 sqft
2019-05-01 43 days 2,161 sqft
2019-06-01 44 days 2,150 sqft
2019-07-01 45 days 2,148 sqft
2019-08-01 47 days 2,138 sqft
2019-09-01 50 days 2,136 sqft
2019-10-01 52 days 2,132 sqft
2019-11-01 54 days 2,101 sqft
2019-12-01 62 days 2,095 sqft
2020-01-01 62 days 2,057 sqft
2020-02-01 49 days 2,066 sqft
2020-03-01 41 days 2,097 sqft
2020-04-01 44 days 2,100 sqft
2020-05-01 47 days 2,112 sqft
2020-06-01 44 days 2,239 sqft
2020-07-01 46 days 2,205 sqft
2020-08-01 50 days 2,116 sqft
2020-09-01 45 days 2,137 sqft
2020-10-01 43 days 2,142 sqft
2020-11-01 46 days 2,094 sqft
2020-12-01 51 days 2,031 sqft
2021-01-01 55 days 1,998 sqft
2021-02-01 44 days 2,077 sqft
2021-03-01 44 days 2,097 sqft
2021-04-01 40 days 2,108 sqft
2021-05-01 38 days 2,064 sqft
2021-06-01 35 days 2,007 sqft
2021-07-01 36 days 1,980 sqft
2021-08-01 35 days 1,949 sqft
2021-09-01 41 days 1,891 sqft
2021-10-01 43 days 1,873 sqft
2021-11-01 41 days 1,946 sqft
2021-12-01 47 days 1,917 sqft
2022-01-01 52 days 1,982 sqft
2022-02-01 43 days 1,999 sqft
2022-03-01 35 days 2,008 sqft
2022-04-01 33 days 1,932 sqft
2022-05-01 29 days 1,931 sqft
2022-06-01 31 days 1,916 sqft
2022-07-01 37 days 1,910 sqft
2022-08-01 40 days 1,919 sqft
2022-09-01 48 days 1,952 sqft
2022-10-01 47 days 1,970 sqft
2022-11-01 49 days 1,985 sqft
2022-12-01 60 days 1,989 sqft
2023-01-01 64 days 2,025 sqft
2023-02-01 53 days 2,029 sqft
2023-03-01 51 days 2,043 sqft
2023-04-01 46 days 2,047 sqft
2023-05-01 43 days 2,066 sqft
2023-06-01 45 days 2,062 sqft
2023-07-01 43 days 2,030 sqft
2023-08-01 43 days 2,015 sqft
2023-09-01 46 days 2,000 sqft
2023-10-01 46 days 2,000 sqft
2023-11-01 50 days 1,988 sqft
2023-12-01 58 days 1,949 sqft
2024-01-01 59 days 1,930 sqft
2024-02-01 55 days 1,947 sqft
2024-03-01 45 days 1,925 sqft
Oklahoma City's median listing age (time on market) for 2024-03-01 was 45 days. This is -11% shorter than the same period one year ago.

Oklahoma City's median square footage for active listings during the 2024-03-01 period was 1,925 sqft. One year prior, the average listing was 2,043 sqft.