Oklahoma City USDA Loans

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 62 lenders originated 423 USDA loans during 2021. The total origination value was $74,035,000, with an average USDA loan value of $175,024.

Oklahoma City USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Oklahoma City averaged 5.45% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.59% and one month ago for the week of 2022-04-08, the average rate was 4.95%.

The average rate one year ago was 3.36%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.08%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Oklahoma City level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
CROSSCOUNTRY MORTGAGE, LLC 109 3.29% $3,270
CORNERSTONE HOME LENDING, INC. 37 3.09% $5,844
GUILD MORTGAGE COMPANY 22 2.91% $4,585
LOANDEPOT.COM, LLC 17 3.20% $6,055
Chickasaw Community Bank 16 3.15% $4,005
BancFirst 14 2.98% $4,837
First United Bank and Trust Company 14 2.79% $5,015
CALIBER HOME LOANS, INC. 12 2.94% $5,916
GUARANTY HOME MORTGAGE CORPORATION 12 2.97% $5,106
GUARANTEED RATE, INC. 10 2.79% $5,021
ASSOCIATED MORTGAGE CORPORATION 10 2.96% $5,039
Gateway First Bank 8 3.41% $4,823
First Guaranty Mortgage Corporation 8 3.05% $4,695
CERTAINTY HOME LOANS, LLC 7 2.86% $4,754
F & M Bank 7 2.86% $4,061
Hometown Lenders, Inc. 7 3.36% $5,566
MID AMERICA MORTGAGE, INC. 6 3.08% $3,829
HOME POINT FINANCIAL CORPORATION 6 3.10% $5,243
Great Plains National Bank 6 3.15% $5,557
INTERLINC MORTGAGE SERVICES, LLC 5 3.13% $3,254
Stride Bank 5 3.18% $5,103
Arvest Bank 4 3.00% $5,237
UNION HOME MORTGAGE CORP. 4 2.78% $5,799
FLAT BRANCH MORTGAGE, INC. 3 3.17% $5,028
FIRST AMERICAN MORTGAGE, INC. 3 3.20% $3,940
Paramount Residential Mortgage Group, Inc. 3 3.33% $5,684
AMCAP MORTGAGE, LTD. 3 3.75% $5,771
BOKF 2 3.13% $4,860
Armstrong Bank 2 3.00% $6,608
Carrington Mortgage Services, LLC 2 3.06% $6,429
CMG MORTGAGE, INC. 2 2.81% $5,026
CWM PARTNERS, L.P. 2 2.44% $4,610
EVERETT FINANCIAL, INC. 2 3.19% $3,113
Goldwater Bank, N.A. 2 2.69% $5,887
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 2.81% $4,240
Hometown Equity Mortgage, LLC 2 2.69% $4,974
LEADERONE FINANCIAL CORPORATION 2 3.00% $3,255
MORTGAGE FINANCIAL SERVICES, LLC 2 3.00% $5,975
UNITED WHOLESALE MORTGAGE, LLC 2 3.00% $4,939
The First State Bank 1 2.38% $5,138
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.25% $4,387
AMERICAN FINANCIAL NETWORK, INC. 1 2.75% $5,422
Equity Prime Mortgage LLC 1 3.13% $5,982
CRESCENT MORTGAGE COMPANY 1 2.75% $4,876
United Fidelity Funding Corp. 1 3.13% $10,178
Citizens Bank 1 3.25% $5,666
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.25% $6,312
U.S. Bank 1 3.25% $4,826
OPEN MORTGAGE, LLC 1 3.25% $6,255
BROKER SOLUTIONS, INC. 1 3.25% $5,283
PLANET HOME LENDING, LLC 1 4.88% $5,147
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.99% $4,698
RCB Bank 1 3.38% $5,025
SOUTHWEST FUNDING, LP 1 3.25% $8,414
STEARNS LENDING, LLC 1 2.88% $5,251
BNC National Bank 1 2.63% $5,820
SWBC MORTGAGE CORPORATION 1 3.63% $1,626
Flagstar Bank, FSB 1 2.45% $5,699
GSF Mortgage Corporation 1 3.63% $6,876
FirstTrust Home Loans, Inc. 1 2.75% $6,159
Firstar Bank 1 3.38% $6,773
Fidelity Bank 1 2.88% $4,488

The top Oklahoma City USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 109 USDA loans originated. Their average total fees are $3,270, which is $2,574 lower than the next largest lender, CORNERSTONE HOME LENDING, INC..

The lowest fee Oklahoma City USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($3,270), Chickasaw Community Bank ($4,005), GUILD MORTGAGE COMPANY ($4,585), BancFirst ($4,837) and First United Bank and Trust Company ($5,015).

The lowest rate Oklahoma City USDA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. (2.79%), First United Bank and Trust Company (2.79%), GUILD MORTGAGE COMPANY (2.91%), CALIBER HOME LOANS, INC. (2.94%) and ASSOCIATED MORTGAGE CORPORATION (2.96%).