Oklahoma City USDA Loan Rates, Closing Costs & Stats

OKLAHOMA CITY, OK

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    • 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 6.59% for the week of 2025-03-28, compared to the national average (all USDA variants) of 6.395% for the same period.

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

    The average rate for the prior week (2025-03-21) was 6.16% and one month ago for the week of 2025-02-21, the average rate was 6.36%.

    The average rate one year ago was 6.75%.

    For refis of the same type during the week of 2025-03-28, the average rate was 6.49%.

    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 $224,700 (3.7%) $289,335 (4.4%) 0.83 5,886
    2018-02-01 $224,500 (3.0%) $292,617 (5.1%) 0.82 5,735
    2018-03-01 $233,261 (5.7%) $301,233 (6.5%) 0.82 5,640
    2018-04-01 $237,500 (5.6%) $306,794 (6.2%) 0.81 5,738
    2018-05-01 $238,088 (3.5%) $309,311 (3.4%) 0.80 5,799
    2018-06-01 $235,000 (2.2%) $310,405 (3.7%) 0.78 6,076
    2018-07-01 $236,246 (4.3%) $312,590 (5.3%) 0.79 6,275
    2018-08-01 $233,450 (3.8%) $307,863 (4.4%) 0.78 6,343
    2018-09-01 $233,950 (4.0%) $309,106 (5.2%) 0.79 6,130
    2018-10-01 $233,925 (4.3%) $312,430 (6.7%) 0.79 6,040
    2018-11-01 $236,000 (6.0%) $316,098 (8.6%) 0.80 6,007
    2018-12-01 $234,900 (4.5%) $317,982 (9.4%) 0.81 5,658
    2019-01-01 $234,345 (4.3%) $314,432 (8.7%) 0.81 5,168
    2019-02-01 $235,980 (5.1%) $312,325 (6.7%) 0.80 5,064
    2019-03-01 $244,360 (4.8%) $324,007 (7.6%) 0.80 4,914
    2019-04-01 $252,920 (6.5%) $334,213 (8.9%) 0.80 4,867
    2019-05-01 $258,700 (8.7%) $339,194 (9.7%) 0.81 4,852
    2019-06-01 $256,000 (8.9%) $339,596 (9.4%) 0.80 4,903
    2019-07-01 $255,382 (8.1%) $339,841 (8.7%) 0.80 5,122
    2019-08-01 $252,064 (8.0%) $339,080 (10.1%) 0.80 5,105
    2019-09-01 $252,309 (7.9%) $338,175 (9.4%) 0.81 5,029
    2019-10-01 $252,473 (7.9%) $337,271 (8.0%) 0.81 4,978
    2019-11-01 $250,000 (5.9%) $338,227 (7.0%) 0.82 4,868
    2019-12-01 $250,000 (6.4%) $339,937 (6.9%) 0.83 4,521
    2020-01-01 $250,451 (6.9%) $337,974 (7.5%) 0.84 4,256
    2020-02-01 $255,000 (8.1%) $340,145 (8.9%) 0.83 4,101
    2020-03-01 $262,985 (7.6%) $344,998 (6.5%) 0.82 4,069
    2020-04-01 $263,375 (4.1%) $344,479 (3.1%) 0.83 4,250
    2020-05-01 $268,350 (3.7%) $354,072 (4.4%) 0.82 4,068
    2020-06-01 $290,000 (13.3%) $387,497 (14.1%) 0.85 3,663
    2020-07-01 $283,372 (11.0%) $387,005 (13.9%) 0.82 3,525
    2020-08-01 $269,900 (7.1%) $375,010 (10.6%) 0.77 3,315
    2020-09-01 $279,990 (11.0%) $393,694 (16.4%) 0.80 3,070
    2020-10-01 $280,000 (10.9%) $399,288 (18.4%) 0.80 2,968
    2020-11-01 $274,585 (9.8%) $394,230 (16.6%) 0.80 2,868
    2020-12-01 $267,473 (7.0%) $390,170 (14.8%) 0.80 2,599
    2021-01-01 $264,900 (5.8%) $382,521 (13.2%) 0.79 2,132
    2021-02-01 $289,300 (13.5%) $416,046 (22.3%) 0.84 1,776
    2021-03-01 $287,500 (9.3%) $419,820 (21.7%) 0.82 1,614
    2021-04-01 $295,750 (12.3%) $435,229 (26.3%) 0.80 1,416
    2021-05-01 $287,900 (7.3%) $425,745 (20.2%) 0.76 1,473
    2021-06-01 $284,930 (-1.8%) $427,296 (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 (-0.9%) 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%) $410,647 (5.3%) 0.79 1,990
    2022-01-01 $309,700 (16.9%) $426,093 (11.4%) 0.84 1,649
    2022-02-01 $329,170 (13.8%) $443,992 (6.7%) 0.86 1,385
    2022-03-01 $339,428 (18.1%) $458,034 (9.1%) 0.85 1,299
    2022-04-01 $314,490 (6.3%) $435,022 (-0.1%) 0.75 1,436
    2022-05-01 $325,766 (13.2%) $434,288 (2.0%) 0.74 1,840
    2022-06-01 $321,945 (13.0%) $425,984 (-0.3%) 0.72 2,382
    2022-07-01 $315,495 (10.7%) $409,295 (-1.1%) 0.71 3,088
    2022-08-01 $318,995 (14.0%) $399,132 (0.7%) 0.74 3,342
    2022-09-01 $321,875 (16.8%) $401,225 (2.9%) 0.75 3,260
    2022-10-01 $320,000 (16.4%) $404,928 (1.3%) 0.75 3,545
    2022-11-01 $325,000 (12.2%) $408,904 (-2.7%) 0.78 3,661
    2022-12-01 $324,990 (12.1%) $404,336 (-1.5%) 0.80 3,493
    2023-01-01 $338,933 (9.4%) $415,016 (-2.6%) 0.84 3,297
    2023-02-01 $349,180 (6.1%) $421,867 (-5.0%) 0.84 3,059
    2023-03-01 $350,032 (3.1%) $427,202 (-6.7%) 0.83 2,973
    2023-04-01 $353,571 (12.4%) $428,733 (-1.5%) 0.82 2,921
    2023-05-01 $353,813 (8.6%) $431,288 (-0.7%) 0.80 3,032
    2023-06-01 $350,000 (8.7%) $433,997 (1.9%) 0.79 3,080
    2023-07-01 $347,250 (10.1%) $431,389 (5.4%) 0.79 3,432
    2023-08-01 $339,900 (6.6%) $420,539 (5.4%) 0.78 3,610
    2023-09-01 $329,990 (2.5%) $416,763 (3.9%) 0.77 3,747
    2023-10-01 $334,940 (4.7%) $413,726 (2.2%) 0.79 3,951
    2023-11-01 $329,478 (1.4%) $408,879 (0.0%) 0.78 4,078
    2023-12-01 $320,450 (-1.4%) $403,501 (-0.2%) 0.78 4,017
    2024-01-01 $319,950 (-5.6%) $400,035 (-3.6%) 0.78 3,833
    2024-02-01 $323,475 (-7.4%) $404,513 (-4.1%) 0.78 3,662
    2024-03-01 $321,827 (-8.1%) $414,817 (-2.9%) 0.76 3,650
    2024-04-01 $329,900 (-6.7%) $425,996 (-0.6%) 0.77 3,908
    2024-05-01 $332,475 (-6.0%) $435,351 (0.9%) 0.76 4,037
    2024-06-01 $327,362 (-6.5%) $429,870 (-1.0%) 0.74 4,267
    2024-07-01 $324,450 (-6.6%) $429,631 (-0.4%) 0.74 4,648
    2024-08-01 $315,000 (-7.3%) $420,008 (-0.1%) 0.73 4,922
    2024-09-01 $314,950 (-4.6%) $415,230 (-0.4%) 0.74 5,150
    2024-10-01 $314,812 (-6.0%) $412,518 (-0.3%) 0.74 5,413
    2024-11-01 $309,995 (-5.9%) $411,555 (0.7%) 0.74 5,530
    2024-12-01 $309,950 (-3.3%) $408,036 (1.1%) 0.77 5,154
    2025-01-01 $312,368 (-2.4%) $412,656 (3.2%) 0.78 4,897
    2025-02-01 $314,992 (-2.6%) $407,564 (0.8%) 0.76 4,914
    Oklahoma City's median listing price for 2025-02-01 was $314,992, a difference of $-8,483 (-2.6%) versus the prior year and $2,624 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 2025-02-01 was $407,564, a difference of $3,051 (0.8%) versus the prior year and $-5,092 versus the prior month.

    For the 2025-02-01 period, Oklahoma City had 4,914 MLS listings, a difference of 17 listings (0%) versus the prior month and 1,252 listings (34%) 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 47 days 2,127 sqft
    2018-06-01 48 days 2,117 sqft
    2018-07-01 52 days 2,123 sqft
    2018-08-01 57 days 2,106 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 2,076 sqft
    2019-01-01 74 days 2,051 sqft
    2019-02-01 66 days 2,052 sqft
    2019-03-01 55 days 2,095 sqft
    2019-04-01 44 days 2,142 sqft
    2019-05-01 43 days 2,160 sqft
    2019-06-01 44 days 2,150 sqft
    2019-07-01 45 days 2,148 sqft
    2019-08-01 47 days 2,137 sqft
    2019-09-01 50 days 2,136 sqft
    2019-10-01 52 days 2,132 sqft
    2019-11-01 54 days 2,100 sqft
    2019-12-01 62 days 2,094 sqft
    2020-01-01 62 days 2,056 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 2,111 sqft
    2020-06-01 44 days 2,239 sqft
    2020-07-01 46 days 2,205 sqft
    2020-08-01 50 days 2,118 sqft
    2020-09-01 45 days 2,138 sqft
    2020-10-01 43 days 2,142 sqft
    2020-11-01 46 days 2,094 sqft
    2020-12-01 51 days 2,033 sqft
    2021-01-01 55 days 2,000 sqft
    2021-02-01 44 days 2,079 sqft
    2021-03-01 44 days 2,097 sqft
    2021-04-01 40 days 2,110 sqft
    2021-05-01 38 days 2,067 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 1,935 sqft
    2022-05-01 29 days 1,932 sqft
    2022-06-01 31 days 1,916 sqft
    2022-07-01 37 days 1,910 sqft
    2022-08-01 40 days 1,918 sqft
    2022-09-01 48 days 1,951 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 2,024 sqft
    2023-02-01 53 days 2,029 sqft
    2023-03-01 51 days 2,042 sqft
    2023-04-01 46 days 2,045 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 2,014 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 1,950 sqft
    2024-01-01 59 days 1,931 sqft
    2024-02-01 55 days 1,949 sqft
    2024-03-01 45 days 1,926 sqft
    2024-04-01 41 days 1,954 sqft
    2024-05-01 42 days 1,966 sqft
    2024-06-01 49 days 1,945 sqft
    2024-07-01 45 days 1,939 sqft
    2024-08-01 44 days 1,914 sqft
    2024-09-01 45 days 1,894 sqft
    2024-10-01 48 days 1,888 sqft
    2024-11-01 57 days 1,875 sqft
    2024-12-01 58 days 1,875 sqft
    2025-01-01 61 days 1,875 sqft
    2025-02-01 52 days 1,872 sqft
    Oklahoma City's median listing age (time on market) for 2025-02-01 was 52 days. This is -6% shorter than the same period one year ago.

    Oklahoma City's median square footage for active listings during the 2025-02-01 period was 1,872 sqft. One year prior, the average listing was 1,949 sqft.