Oklahoma FHA Loan Rates, Closing Costs & Stats

Oklahoma

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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.

    Oklahoma FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Oklahoma averaged 0.03% for the week of 2024-11-15, compared to the national average (all FHA variants) of 0% for the same period.

    Oklahoma's average FHA mortgage closing costs are $7,054.

    The average rate for the prior week (2024-11-08) was 6.64% and one month ago for the week of 2024-10-11, the average rate was 6.04%.

    The average rate one year ago was 7.19%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.02%.

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

    Oklahoma 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 Oklahoma level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 835 6.32% $9,888
    First United Bank and Trust Company 618 6.81% $9,631
    ASSOCIATED MORTGAGE CORPORATION 404 6.62% $10,883
    FLAT BRANCH MORTGAGE, INC. 392 6.86% $8,543
    UNITED WHOLESALE MORTGAGE, LLC 369 6.41% $11,237
    Arvest Bank 338 6.64% $7,998
    Stride Bank 324 6.81% $9,455
    CORNERSTONE HOME LENDING, INC. 297 6.73% $10,855
    Chickasaw Community Bank 213 6.71% $8,394
    BOKF 205 6.67% $8,591
    Gateway First Bank 172 6.88% $9,091
    LOANDEPOT.COM, LLC 153 6.52% $11,294
    United Fidelity Funding Corp. 144 6.67% $10,320
    OPEN MORTGAGE, LLC 144 6.43% $9,421
    GUILD MORTGAGE COMPANY 143 6.86% $42,202
    EVERETT FINANCIAL, INC. 138 6.72% $8,483
    THE MORTGAGE LINK, INC. 134 7.03% $10,350
    FREEDOM MORTGAGE CORPORATION 131 6.74% $12,743
    Firstar Bank 130 6.32% $7,981
    BancFirst 123 6.85% $7,456
    NEWREZ LLC 107 6.58% $9,126
    GUARANTEED RATE, INC. 106 6.64% $9,001
    PRIMELENDING, A PLAINSCAPITAL COMPANY 106 6.87% $8,437
    CROSSCOUNTRY MORTGAGE, LLC 105 6.69% $11,514
    PENNYMAC LOAN SERVICES, LLC 101 6.60% $10,700
    BROKER SOLUTIONS, INC. 100 6.73% $11,425
    US MORTGAGE CORPORATION 95 6.79% $11,170
    American Bank of Oklahoma 95 6.18% $9,122
    Waterstone Mortgage Corporation 93 6.84% $10,965
    MID AMERICA MORTGAGE, INC. 93 7.15% $5,022
    CARDINAL FINANCIAL 91 6.50% $11,571
    PLAZA HOME MORTGAGE, INC. 79 6.36% $10,888
    DHI MORTGAGE COMPANY, LTD. 74 5.50% $7,753
    AMCAP MORTGAGE, LTD. 73 6.82% $10,000
    American Mortgage Bank, LLC 72 6.86% $10,324
    FIRST AMERICAN MORTGAGE, INC. 69 6.58% $7,414
    INTERLINC MORTGAGE SERVICES, LLC 68 6.96% $6,530
    The Central Trust Bank 68 6.56% $8,919
    AMERISAVE MORTGAGE CORPORATION 65 6.10% $13,088
    Mr. Cooper ( Nationstar Mortgage ) 65 6.28% $14,175
    First National Bank and Trust Company 60 6.81% $9,762
    Flagstar Bank, FSB 56 6.44% $8,680
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 55 6.62% $9,783
    LOANPAL, LLC 54 5.99% $10,640
    CWM PARTNERS, L.P. 53 6.12% $9,377
    Mortgage Research Center, LLC 52 7.11% $5,591
    F & M Bank 48 6.60% $7,172
    CMG MORTGAGE, INC. 48 6.54% $9,969
    Paramount Residential Mortgage Group, Inc. 47 6.73% $10,496
    SUN WEST MORTGAGE COMPANY, INC. 45 6.46% $9,274
    MUTUAL OF OMAHA MORTGAGE, INC. 45 6.64% $13,625
    Carrington Mortgage Services, LLC 45 6.48% $12,364
    SWBC MORTGAGE CORPORATION 45 6.86% $6,575
    MORTGAGE SOLUTIONS OF COLORADO, LLC 44 6.86% $11,179
    UNION HOME MORTGAGE CORP. 44 6.81% $10,413
    Great Plains National Bank 42 6.36% $9,212
    AMERICAN PACIFIC MORTGAGE CORPORATION 40 6.59% $11,514
    AXIA FINANCIAL, LLC 40 6.67% $11,063
    Equity Prime Mortgage LLC 39 7.09% $9,623
    AmeriHome Mortgage Company, LLC 39 6.63% $10,142
    FINANCIAL CONCEPTS MORTGAGE, LLC 38 6.51% $8,148
    AMERICAN FINANCIAL NETWORK, INC. 35 7.31% $9,660
    MLD MORTGAGE INC. 35 7.20% $10,443
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 35 6.42% $8,003
    LAKEVIEW LOAN SERVICING, LLC 33 6.26% $12,399
    RESIDENTIAL BANCORP 30 6.83% $12,845
    SUCCESS MORTGAGE PARTNERS, INC. 27 6.94% $12,411
    TOWNE MORTGAGE COMPANY 27 7.02% $11,645
    ZILLOW HOME LOANS, LLC 26 6.59% $9,640
    Town Square Mortgage & Investments, Inc. 25 6.93% $8,202
    American Mortgage & Equity Consultants, Inc. 24 6.99% $8,869
    SENTE MORTGAGE, INC. 24 6.76% $10,856
    AMERICAN FINANCING CORPORATION 22 6.36% $11,390
    CALCON MUTUAL MORTGAGE LLC 21 6.32% $13,568
    FBC MORTGAGE, LLC 20 6.31% $11,120
    Plains Commerce Bank 18 6.50% $9,940
    FirstTrust Home Loans, Inc. 18 6.74% $8,496
    POLARIS HOME FUNDING CORP. 18 6.85% $11,981
    MidFirst Bank 18 6.66% $7,534
    PLANET HOME LENDING, LLC 17 6.08% $10,746
    Prosperity Bank 16 6.15% $9,101
    Bank of America 16 5.99% $6,093
    Unify Home Lending Inc. 16 6.80% $5,885
    RCB Bank 16 6.83% $6,827
    JPMorgan Chase Bank 15 7.20% $6,366
    Regent Financial Group, Inc. 15 6.74% $9,365
    AMERICAN FINANCIAL RESOURCES, INC. 14 6.95% $10,044
    Simmons Bank 14 6.51% $6,491
    Mortgage Investment Services Corporation 13 6.84% $5,952
    Servion, Inc. 12 6.32% $9,201
    Nations Lending Corporation 12 6.74% $11,160
    NFM, INC. 12 7.10% $11,059
    First Liberty Bank 12 6.74% $9,028
    The Federal Savings Bank 11 6.19% $15,181
    HOMEBRIDGE FINANCIAL SERVICES, INC. 11 6.35% $12,840
    TJC Mortgage, Inc. 10 6.74% $8,448
    Citizens Bank 10 6.73% $9,434
    NEW FED MORTGAGE, CORP. 10 7.54% $7,753
    International Bank of Commerce 10 6.98% $7,474
    Bank of England 10 6.76% $10,671
    CHURCHILL MORTGAGE CORPORATION 10 6.94% $10,249
    ROYAL UNITED MORTGAGE LLC 10 7.04% $8,616
    Barrington Bank & Trust Company, N.A. 9 6.29% $9,698
    VILLAGE CAPITAL MORTGAGE 9 6.06% $10,482
    Wells Fargo Bank 9 5.82% $9,760
    U.S. Bank 9 6.96% $7,900
    DAS Acquisition Company, LLC 9 7.21% $8,340
    VAN DYK MORTGAGE CORPORATION 9 6.93% $9,427
    GENEVA FINANCIAL, LLC 8 6.28% $15,437
    GARDNER FINANCIAL SERVICES, LTD. 8 7.00% $9,954
    TOTAL MORTGAGE SERVICES, LLC 8 6.95% $10,931
    TruHome Solutions, LLC 8 6.50% $9,184
    RUOFF MORTGAGE COMPANY, INC. 7 6.68% $7,308
    LEADERONE FINANCIAL CORPORATION 7 6.96% $10,949
    NBKC BANK 7 6.63% $8,659
    Armstrong Bank 7 6.18% $6,653
    Century Mortgage Company DBA Century Lending Company 7 6.50% $12,599
    ENDEAVOR CAPITAL, LLC. 7 6.69% $9,758
    Equity Bank 7 6.27% $8,008
    Network Funding, L.P. 6 7.04% $8,077
    BETTER MORTGAGE CORPORATION 6 6.50% $9,680
    COMMUNICATION 6 7.02% $6,317
    MICHIGAN MUTUAL, INC. 6 7.46% $13,736
    M&T Bank 6 6.69% $9,787
    SECURITYNATIONAL MORTGAGE COMPANY 6 6.73% $7,727
    PREMIA MORTGAGE, LLC 5 6.10% $9,388
    MOVEMENT MORTGAGE, LLC 5 7.40% $10,378
    PHH Mortgage Corporation 5 6.02% $12,869
    Goldwater Bank, N.A. 5 6.00% $14,104
    Mabrey Bank 5 7.35% $9,242
    OCMBC, INC. 5 7.53% $10,358
    NATIONS DIRECT MORTGAGE, LLC 5 6.10% $9,392
    BAY EQUITY LLC 5 6.93% $13,060
    InterBank 5 6.20% $6,375
    HOMESIDE FINANCIAL, LLC 5 7.07% $10,041
    Fidelity Bank 4 6.38% $7,814
    S1L, Inc. 4 6.84% $7,245
    EAGLE HOME MORTGAGE, LLC 4 5.44% $8,547
    OKLAHOMA'S 4 6.63% $8,393
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 6.88% $10,264
    LIBERTY HOME MORTGAGE CORPORATION 4 6.91% $15,219
    First Federal Bank 4 6.63% $7,625
    Cornerstone First Mortgage, Inc 3 6.83% $12,900
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.50% $8,185
    Centennial Bank 3 7.13% $9,696
    Neighborhood Loans, Inc. 3 6.92% $14,758
    NETWORK CAPITAL FUNDING CORPORATION 3 6.13% $10,232
    ON Q FINANCIAL, INC. 3 7.33% $13,272
    ACADEMY MORTGAGE CORPORATION 3 6.96% $7,767
    Sierra Pacific Mortgage Company, Inc. 3 6.96% $9,308
    GUARANTY HOME MORTGAGE CORPORATION 3 6.42% $12,863
    SFMC, LP 3 6.50% $11,794
    Prosperity Home Mortgage, LLC 3 6.21% $11,253
    LEGEND LENDING CORPORATION 3 6.63% $10,904
    AMERICAN HOMESTAR MORTGAGE, L.L.C. 3 7.17% $13,703
    Northpointe Bank 3 7.04% $8,448
    PENTAGON FEDERAL CREDIT UNION 3 6.29% $8,760
    Regions Bank 2 6.25% $7,071
    UMB Bank 2 6.13% $10,056
    Affiliated Bank 2 7.31% $9,002
    Ixonia Bank 2 7.06% $7,767
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.00% $6,376
    GSF Mortgage Corporation 2 5.94% $8,843
    CONTOUR MORTGAGE CORPORATION 2 5.94% $16,829
    Commerce Bank 2 6.50% $8,827
    Assurance Financial Group, L.L.C. 2 6.25% $17,900
    The Huntington National Bank 2 6.69% $7,729
    Colonial Savings, F.A. 2 6.31% $7,092
    First State Bank of St. Charles, Missouri 2 6.94% $5,745
    TIB The Independent Bankersbank 2 7.75% $9,003
    NATIONS RELIABLE LENDING, LLC 2 7.38% $11,209
    CANOPY MORTGAGE, LLC 2 6.13% $8,784
    FIDELITY BANK 2 6.56% $5,843
    First Financial Bank 2 6.50% $8,758
    BMO Harris Bank 2 7.19% $7,791
    First Savings Bank 2 5.44% $13,342
    BancorpSouth 1 6.88% $7,020
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.13% $13,753
    Axos Bank 1 5.25% $14,649
    Victorian Finance, LLC 1 7.13% $12,469
    V.I.P. MORTGAGE, INC. 1 6.00% $7,947
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.75% $10,699
    MANN FINANCIAL INC. 1 7.75% $7,406
    MEMBER FIRST MORTGAGE, LLC 1 7.50% $7,160
    Willamette Valley Bank 1 6.25% $15,200
    Midwest Mortgage Associates Corporation 1 6.63% $15,157
    MORTGAGE ACCESS CORP. 1 7.50% $9,681
    LAND HOME FINANCIAL SERVICES, INC. 1 7.50% $18,639
    JLB CORPORATION 1 5.75% $8,555
    MOUNTAIN WEST FINANCIAL, INC. 1 7.13% $8,362
    WILLOW BEND MORTGAGE COMPANY, LLC 1 6.50% $9,166
    HOMEXPRESS MORTGAGE CORP. 1 7.13% $12,001
    MYCUMORTGAGE, LLC 1 7.63% $10,990
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.63% $16,796
    NEW DAY FINANCIAL, LLC 1 7.25% $5,740
    Guaranty Bank & Trust, N.A. 1 6.63% $4,973
    NexBank 1 5.75% $12,330
    GUARANTEED RATE AFFINITY, LLC 1 6.75% $8,816
    NP, Inc. 1 6.75% $7,095
    NTFN, INC. 1 6.75% $7,269
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.63% $9,450
    Pinnacle Bank 1 7.63% $6,051
    GERSHMAN INVESTMENT CORP. 1 6.50% $8,019
    First State Bank 1 6.75% $8,418
    PNC Bank 1 6.75% $7,566
    PREMIER LENDING, INC. 1 6.25% $6,608
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.99% $9,109
    First National Bank Texas 1 6.25% $8,718
    Priority Bank 1 6.25% $5,361
    FirstBank 1 5.63% $8,358
    First Bank 1 6.63% $8,761
    Reliabank Dakota 1 6.13% $6,380
    Farmers Bank & Trust Company 1 6.63% $13,096
    SeaTrust Mortgage Company 1 7.38% $9,570
    Evolve Bank & Trust 1 6.75% $16,285
    Eagle Bank and Trust Company 1 6.63% $10,553
    South State Bank 1 6.13% $8,833
    SOUTHWEST STAGE FUNDING, LLC 1 6.88% $9,046
    STOCKTON MORTGAGE CORPORATION 1 6.75% $5,643
    DRAPER AND KRAMER MORTGAGE CORP. 1 6.63% $15,819
    DELMAR FINANCIAL COMPANY 1 6.50% $7,319
    SUMMIT FUNDING, INC. 1 7.13% $11,121
    CRESCENT MORTGAGE COMPANY 1 6.50% $7,565
    T2 FINANCIAL LLC 1 7.13% $9,911
    The First National Bank of Fort Smith 1 5.75% $5,523
    THRIVE MORTGAGE, LLC 1 6.63% $8,365
    CALIBER HOME LOANS, INC. 1 7.13% $6,977
    BNC National Bank 1 5.25% $8,164
    Truist 1 6.50% $6,159
    Tulsa Federal Credit Union 1 6.63% $7,164
    Blue Ridge Bank 1 7.13% $12,756
    BELEM SERVICING LLC 1 6.25% $6,284
    UNION SQUARE 1 6.13% $6,556
    BECKAM FUNDING CORP. 1 7.25% $6,230
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 7.63% $7,169

    The top Oklahoma FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 835 FHA loans originated. Their average total fees are $9,888, which is $257 higher than the next largest lender, First United Bank and Trust Company.

    The lowest fee Oklahoma FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($5,022), Mortgage Research Center, LLC ($5,591), Unify Home Lending Inc. ($5,885), Mortgage Investment Services Corporation ($5,952) and Bank of America ($6,093).

    The lowest rate Oklahoma FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.50%), LOANPAL, LLC (5.99%), Bank of America (5.99%), PLANET HOME LENDING, LLC (6.08%) and AMERISAVE MORTGAGE CORPORATION (6.10%).

    Oklahoma FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    NON-METRO ADAIR 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ALFALFA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ATOKA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BEAVER 2022 $420,680 $538,650 $651,050 $809,150
    ELK CITY, OK BECKHAM 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BLAINE 2022 $420,680 $538,650 $651,050 $809,150
    DURANT, OK BRYAN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CADDO 2022 $420,680 $538,650 $651,050 $809,150
    OKLAHOMA CITY, OK CANADIAN 2022 $420,680 $538,650 $651,050 $809,150
    ARDMORE, OK CARTER 2022 $420,680 $538,650 $651,050 $809,150
    TAHLEQUAH, OK CHEROKEE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CHOCTAW 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CIMARRON 2022 $420,680 $538,650 $651,050 $809,150
    OKLAHOMA CITY, OK CLEVELAND 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO COAL 2022 $420,680 $538,650 $651,050 $809,150
    LAWTON, OK COMANCHE 2022 $420,680 $538,650 $651,050 $809,150
    LAWTON, OK COTTON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CRAIG 2022 $420,680 $538,650 $651,050 $809,150
    TULSA, OK CREEK 2022 $420,680 $538,650 $651,050 $809,150
    WEATHERFORD, OK CUSTER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DELAWARE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DEWEY 2022 $420,680 $538,650 $651,050 $809,150
    WOODWARD, OK ELLIS 2022 $420,680 $538,650 $651,050 $809,150
    ENID, OK GARFIELD 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GARVIN 2022 $420,680 $538,650 $651,050 $809,150
    OKLAHOMA CITY, OK GRADY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GRANT 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GREER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HARMON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HARPER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HASKELL 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HUGHES 2022 $420,680 $538,650 $651,050 $809,150
    ALTUS, OK JACKSON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO JOHNSTON 2022 $420,680 $538,650 $651,050 $809,150
    PONCA CITY, OK KAY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO KINGFISHER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO KIOWA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LATIMER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LE FLORE 2022 $420,680 $538,650 $651,050 $809,150
    OKLAHOMA CITY, OK LINCOLN 2022 $420,680 $538,650 $651,050 $809,150
    OKLAHOMA CITY, OK LOGAN 2022 $420,680 $538,650 $651,050 $809,150
    ARDMORE, OK LOVE 2022 $420,680 $538,650 $651,050 $809,150
    OKLAHOMA CITY, OK MCCLAIN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MCCURTAIN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MCINTOSH 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MAJOR 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MARSHALL 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MAYES 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MURRAY 2022 $420,680 $538,650 $651,050 $809,150
    MUSKOGEE, OK MUSKOGEE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO NOBLE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO NOWATA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO OKFUSKEE 2022 $420,680 $538,650 $651,050 $809,150
    OKLAHOMA CITY, OK OKLAHOMA 2022 $420,680 $538,650 $651,050 $809,150
    TULSA, OK OKMULGEE 2022 $420,680 $538,650 $651,050 $809,150
    TULSA, OK OSAGE 2022 $420,680 $538,650 $651,050 $809,150
    MIAMI, OK OTTAWA 2022 $420,680 $538,650 $651,050 $809,150
    TULSA, OK PAWNEE 2022 $420,680 $538,650 $651,050 $809,150
    STILLWATER, OK PAYNE 2022 $420,680 $538,650 $651,050 $809,150
    MCALESTER, OK PITTSBURG 2022 $420,680 $538,650 $651,050 $809,150
    ADA, OK PONTOTOC 2022 $420,680 $538,650 $651,050 $809,150
    SHAWNEE, OK POTTAWATOMIE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PUSHMATAHA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ROGER MILLS 2022 $420,680 $538,650 $651,050 $809,150
    TULSA, OK ROGERS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SEMINOLE 2022 $420,680 $538,650 $651,050 $809,150
    FORT SMITH, AR-OK SEQUOYAH 2022 $420,680 $538,650 $651,050 $809,150
    DUNCAN, OK STEPHENS 2022 $420,680 $538,650 $651,050 $809,150
    GUYMON, OK TEXAS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO TILLMAN 2022 $420,680 $538,650 $651,050 $809,150
    TULSA, OK TULSA 2022 $420,680 $538,650 $651,050 $809,150
    TULSA, OK WAGONER 2022 $420,680 $538,650 $651,050 $809,150
    BARTLESVILLE, OK WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WASHITA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WOODS 2022 $420,680 $538,650 $651,050 $809,150
    WOODWARD, OK WOODWARD 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ADAIR 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO ALFALFA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO ATOKA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BEAVER 2023 $472,030 $604,400 $730,525 $907,900
    ELK CITY, OK BECKHAM 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BLAINE 2023 $472,030 $604,400 $730,525 $907,900
    DURANT, OK BRYAN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CADDO 2023 $472,030 $604,400 $730,525 $907,900
    OKLAHOMA CITY, OK CANADIAN 2023 $472,030 $604,400 $730,525 $907,900
    ARDMORE, OK CARTER 2023 $472,030 $604,400 $730,525 $907,900
    TAHLEQUAH, OK CHEROKEE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CHOCTAW 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CIMARRON 2023 $472,030 $604,400 $730,525 $907,900
    OKLAHOMA CITY, OK CLEVELAND 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO COAL 2023 $472,030 $604,400 $730,525 $907,900
    LAWTON, OK COMANCHE 2023 $472,030 $604,400 $730,525 $907,900
    LAWTON, OK COTTON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CRAIG 2023 $472,030 $604,400 $730,525 $907,900
    TULSA, OK CREEK 2023 $472,030 $604,400 $730,525 $907,900
    WEATHERFORD, OK CUSTER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DELAWARE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DEWEY 2023 $472,030 $604,400 $730,525 $907,900
    WOODWARD, OK ELLIS 2023 $472,030 $604,400 $730,525 $907,900
    ENID, OK GARFIELD 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GARVIN 2023 $472,030 $604,400 $730,525 $907,900
    OKLAHOMA CITY, OK GRADY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GRANT 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GREER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HARMON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HARPER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HASKELL 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HUGHES 2023 $472,030 $604,400 $730,525 $907,900
    ALTUS, OK JACKSON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO JOHNSTON 2023 $472,030 $604,400 $730,525 $907,900
    PONCA CITY, OK KAY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO KINGFISHER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO KIOWA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LATIMER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LE FLORE 2023 $472,030 $604,400 $730,525 $907,900
    OKLAHOMA CITY, OK LINCOLN 2023 $472,030 $604,400 $730,525 $907,900
    OKLAHOMA CITY, OK LOGAN 2023 $472,030 $604,400 $730,525 $907,900
    ARDMORE, OK LOVE 2023 $472,030 $604,400 $730,525 $907,900
    OKLAHOMA CITY, OK MCCLAIN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MCCURTAIN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MCINTOSH 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MAJOR 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MARSHALL 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MAYES 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MURRAY 2023 $472,030 $604,400 $730,525 $907,900
    MUSKOGEE, OK MUSKOGEE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO NOBLE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO NOWATA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO OKFUSKEE 2023 $472,030 $604,400 $730,525 $907,900
    OKLAHOMA CITY, OK OKLAHOMA 2023 $472,030 $604,400 $730,525 $907,900
    TULSA, OK OKMULGEE 2023 $472,030 $604,400 $730,525 $907,900
    TULSA, OK OSAGE 2023 $472,030 $604,400 $730,525 $907,900
    MIAMI, OK OTTAWA 2023 $472,030 $604,400 $730,525 $907,900
    TULSA, OK PAWNEE 2023 $472,030 $604,400 $730,525 $907,900
    STILLWATER, OK PAYNE 2023 $472,030 $604,400 $730,525 $907,900
    MCALESTER, OK PITTSBURG 2023 $472,030 $604,400 $730,525 $907,900
    ADA, OK PONTOTOC 2023 $472,030 $604,400 $730,525 $907,900
    SHAWNEE, OK POTTAWATOMIE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PUSHMATAHA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO ROGER MILLS 2023 $472,030 $604,400 $730,525 $907,900
    TULSA, OK ROGERS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SEMINOLE 2023 $472,030 $604,400 $730,525 $907,900
    FORT SMITH, AR-OK SEQUOYAH 2023 $472,030 $604,400 $730,525 $907,900
    DUNCAN, OK STEPHENS 2023 $472,030 $604,400 $730,525 $907,900
    GUYMON, OK TEXAS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO TILLMAN 2023 $472,030 $604,400 $730,525 $907,900
    TULSA, OK TULSA 2023 $472,030 $604,400 $730,525 $907,900
    TULSA, OK WAGONER 2023 $472,030 $604,400 $730,525 $907,900
    BARTLESVILLE, OK WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WASHITA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WOODS 2023 $472,030 $604,400 $730,525 $907,900
    WOODWARD, OK WOODWARD 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).