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 6.71% for the week of 2023-12-01, compared to the national average (all FHA variants) of 6.949% for the same period.

    Oklahoma's average FHA mortgage closing costs are $6,605.

    The average rate for the prior week (2023-11-24) was 6.92% and one month ago for the week of 2023-10-27, the average rate was 7.33%.

    The average rate one year ago was 6.34%.

    For refis of the same type during the week of 2023-12-01, the average rate was 5.55%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 963 4.56% $8,844
    First United Bank and Trust Company 617 5.25% $8,459
    CORNERSTONE HOME LENDING, INC. 442 5.22% $9,393
    ASSOCIATED MORTGAGE CORPORATION 409 5.08% $8,933
    EVERETT FINANCIAL, INC. 367 5.49% $6,024
    Gateway First Bank 366 5.45% $7,425
    Stride Bank 354 5.20% $8,819
    FLAT BRANCH MORTGAGE, INC. 339 5.21% $7,927
    Chickasaw Community Bank 323 4.97% $7,797
    Arvest Bank 318 4.87% $7,198
    UNITED WHOLESALE MORTGAGE, LLC 266 5.12% $9,341
    LOANDEPOT.COM, LLC 243 4.99% $9,931
    BOKF 216 5.13% $7,927
    United Fidelity Funding Corp. 207 5.27% $9,687
    PENNYMAC LOAN SERVICES, LLC 200 4.50% $9,079
    CALIBER HOME LOANS, INC. 178 4.64% $8,068
    BancFirst 176 5.13% $6,780
    CROSSCOUNTRY MORTGAGE, LLC 170 5.03% $10,423
    CARDINAL FINANCIAL 168 5.31% $10,934
    American Bank of Oklahoma 163 5.01% $8,041
    PRIMELENDING, A PLAINSCAPITAL COMPANY 160 5.19% $7,325
    OPEN MORTGAGE, LLC 152 5.12% $9,883
    US MORTGAGE CORPORATION 149 5.22% $9,612
    GUILD MORTGAGE COMPANY 146 4.97% $9,636
    MID AMERICA MORTGAGE, INC. 145 5.08% $5,364
    Great Plains National Bank 136 5.63% $8,265
    AMERISAVE MORTGAGE CORPORATION 132 4.56% $9,909
    FREEDOM MORTGAGE CORPORATION 129 4.98% $9,656
    Hometown Lenders, Inc. 125 5.08% $10,333
    Mr. Cooper ( Nationstar Mortgage ) 119 4.75% $11,343
    American Mortgage Bank, LLC 112 5.16% $9,225
    BROKER SOLUTIONS, INC. 104 5.01% $9,434
    Firstar Bank 103 4.51% $7,282
    GUARANTEED RATE, INC. 98 5.18% $8,464
    LAKEVIEW LOAN SERVICING, LLC 88 4.13% $7,693
    Waterstone Mortgage Corporation 88 5.39% $9,729
    FBC MORTGAGE, LLC 85 5.33% $6,752
    Flagstar Bank, FSB 83 5.03% $7,569
    INTERLINC MORTGAGE SERVICES, LLC 79 5.03% $5,958
    MORTGAGE SOLUTIONS OF COLORADO, LLC 74 5.68% $10,063
    FIRST AMERICAN MORTGAGE, INC. 72 5.03% $7,351
    AMCAP MORTGAGE, LTD. 71 5.29% $9,440
    PLAZA HOME MORTGAGE, INC. 69 5.36% $9,987
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 68 5.11% $9,006
    CMG MORTGAGE, INC. 64 4.87% $8,859
    F & M Bank 63 4.80% $6,664
    DHI MORTGAGE COMPANY, LTD. 62 4.32% $7,450
    Carrington Mortgage Services, LLC 60 5.07% $10,047
    NEWREZ LLC 59 4.93% $7,555
    Town Square Mortgage & Investments, Inc. 57 5.40% $7,844
    Paramount Residential Mortgage Group, Inc. 52 5.58% $10,083
    Mortgage Research Center, LLC 51 5.18% $4,927
    HOME POINT FINANCIAL CORPORATION 50 4.69% $8,896
    SWBC MORTGAGE CORPORATION 42 5.28% $6,500
    CERTAINTY HOME LOANS, LLC 41 5.19% $8,358
    VILLAGE CAPITAL MORTGAGE 38 3.68% $5,472
    RCB Bank 36 5.18% $6,922
    Nations Lending Corporation 34 5.46% $12,539
    AMERICAN PACIFIC MORTGAGE CORPORATION 34 5.23% $10,057
    Armstrong Bank 33 4.49% $6,764
    CWM PARTNERS, L.P. 31 4.59% $8,884
    Equity Prime Mortgage LLC 30 5.00% $9,479
    AmeriHome Mortgage Company, LLC 30 4.87% $8,444
    AMERICAN FINANCING CORPORATION 30 4.87% $7,681
    Mortgage Investment Services Corporation 30 5.01% $6,464
    LEADERONE FINANCIAL CORPORATION 30 4.30% $8,442
    SENTE MORTGAGE, INC. 29 5.24% $9,414
    MUTUAL OF OMAHA MORTGAGE, INC. 29 5.08% $12,177
    Bank of America 27 4.16% $4,905
    FINANCIAL CONCEPTS MORTGAGE, LLC 27 5.03% $7,350
    JPMorgan Chase Bank 26 5.05% $5,095
    HOMEBRIDGE FINANCIAL SERVICES, INC. 26 4.63% $9,538
    BAY EQUITY LLC 24 5.24% $9,894
    UNION HOME MORTGAGE CORP. 24 5.77% $8,727
    Citizens Bank 23 4.74% $9,490
    MidFirst Bank 23 3.89% $7,079
    First Guaranty Mortgage Corporation 22 4.11% $8,607
    Servion, Inc. 21 4.90% $8,157
    MOVEMENT MORTGAGE, LLC 21 4.85% $8,731
    SECURITYNATIONAL MORTGAGE COMPANY 20 5.18% $8,590
    SpiritBank 19 4.68% $7,208
    SUN WEST MORTGAGE COMPANY, INC. 17 5.86% $8,962
    TJC Mortgage, Inc. 17 5.28% $11,503
    First Liberty Bank 17 4.83% $9,347
    PLANET HOME LENDING, LLC 16 4.33% $7,203
    HOMESIDE FINANCIAL, LLC 15 4.81% $9,634
    Regent Financial Group, Inc. 15 5.09% $9,738
    ZILLOW HOME LOANS, LLC 15 5.48% $8,571
    LOANPAL, LLC 14 4.90% $11,216
    Barrington Bank & Trust Company, N.A. 14 4.90% $8,322
    CHURCHILL MORTGAGE CORPORATION 14 5.38% $10,542
    NFM, INC. 14 5.63% $9,737
    M&T Bank 13 4.76% $8,343
    NATIONS DIRECT MORTGAGE, LLC 13 4.93% $8,270
    U.S. Bank 13 5.20% $7,953
    PRIMARY RESIDENTIAL MORTGAGE, INC. 12 5.47% $7,903
    International Bank of Commerce 12 5.88% $7,816
    Bank of England 12 4.97% $7,689
    GENEVA FINANCIAL, LLC 11 4.76% $9,279
    FirstTrust Home Loans, Inc. 11 4.68% $8,828
    VANDERBILT MORTGAGE AND FINANCE, INC. 11 5.26% $13,554
    Fidelity Bank 10 5.03% $10,600
    InterBank 10 4.51% $6,851
    Century Mortgage Company DBA Century Lending Company 10 5.40% $8,855
    AMERICAN HOMESTAR MORTGAGE, L.L.C. 9 4.75% $11,980
    ROYAL UNITED MORTGAGE LLC 9 5.08% $12,392
    LIBERTY HOME MORTGAGE CORPORATION 8 4.59% $9,590
    GUARANTY HOME MORTGAGE CORPORATION 8 4.88% $7,282
    SOUTHWEST STAGE FUNDING, LLC 8 4.64% $7,202
    Goldwater Bank, N.A. 7 4.86% $8,243
    First Savings Bank 7 4.95% $7,011
    AMERICAN FINANCIAL RESOURCES, INC. 7 5.59% $7,272
    Wells Fargo Bank 6 5.48% $8,490
    Network Funding, L.P. 6 5.27% $6,441
    TOWNE MORTGAGE COMPANY 6 4.81% $7,958
    DAS Acquisition Company, LLC 5 4.73% $8,641
    TTCU Federal Credit Union 5 5.48% $6,426
    The Central Trust Bank 5 6.38% $8,667
    Simmons Bank 5 5.40% $7,738
    ACADEMY MORTGAGE CORPORATION 5 4.90% $12,853
    GSF Mortgage Corporation 5 5.90% $7,867
    HOMESPIRE MORTGAGE CORPORATION 5 5.23% $7,067
    MORIA DEVELOPMENT, INC. 5 5.80% $8,021
    CHERRY CREEK MORTGAGE, LLC 4 5.00% $5,263
    Centennial Bank 4 5.13% $9,018
    PHH Mortgage Corporation 4 4.88% $10,420
    First Financial Bank 4 4.03% $6,783
    HOMESTAR FINANCIAL CORPORATION 4 6.47% $7,387
    ARC HOME LLC 4 3.03% $8,773
    TruHome Solutions, LLC 4 4.97% $8,336
    Magnolia Bank 4 4.91% $12,811
    POLARIS HOME FUNDING CORP. 4 6.53% $10,908
    NETWORK CAPITAL FUNDING CORPORATION 4 5.31% $10,504
    Watermark Capital, Inc. 3 4.50% $6,967
    NBKC BANK 3 5.04% $9,475
    EMBRACE HOME LOANS, INC. 3 4.16% $10,368
    Unify Home Lending Inc. 3 5.83% $6,777
    UNITED 3 4.75% $8,296
    Hometown Equity Mortgage, LLC 3 3.58% $6,274
    SUCCESS MORTGAGE PARTNERS, INC. 3 5.75% $8,930
    UNITED MORTGAGE CORP 3 4.71% $13,867
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 5.08% $8,162
    PENTAGON FEDERAL CREDIT UNION 3 4.75% $5,382
    RUOFF MORTGAGE COMPANY, INC. 3 5.33% $7,132
    GREAT WESTERN FINANCIAL SERVICES, INC. 3 4.75% $8,423
    CALCON MUTUAL MORTGAGE LLC 3 6.54% $10,560
    OCEANSIDE MORTGAGE COMPANY 3 4.38% $3,215
    COMMUNICATION 3 5.63% $4,187
    CASTLE & COOKE MORTGAGE, LLC 3 5.21% $14,343
    Prosperity Bank 3 4.63% $8,745
    North American Savings Bank, F.S.B. 3 5.75% $6,927
    Colonial Savings, F.A. 3 5.04% $11,854
    The Federal Savings Bank 3 5.13% $10,555
    FINANCE OF AMERICA MORTGAGE LLC 3 3.79% $9,549
    Texana Bank 3 4.00% $10,850
    FIRST WESTERN MORTGAGE, INC. 2 4.00% $7,227
    GERSHMAN INVESTMENT CORP. 2 3.94% $6,681
    First Option Mortgage, LLC 2 4.00% $12,995
    First Oklahoma Mortgage, LLC 2 3.88% $8,273
    JLB CORPORATION 2 2.81% $6,822
    LEGEND LENDING CORPORATION 2 5.75% $13,055
    Equity Bank 2 6.19% $7,159
    Midwest Mortgage Associates Corporation 2 4.75% $11,126
    Wyndham Capital Mortgage, Inc. 2 5.31% $9,839
    NEW DAY FINANCIAL, LLC 2 4.87% $5,105
    Colten Mortgage, LLC 2 4.13% $10,155
    NTFN, INC. 2 4.94% $8,158
    CENTENNIAL LENDING, LLC 2 4.31% $8,574
    Peoples Bank 2 5.50% $13,176
    Plains Commerce Bank 2 6.50% $8,763
    Prosperity Home Mortgage, LLC 2 4.56% $11,720
    BETTER MORTGAGE CORPORATION 2 5.00% $13,224
    S1L, Inc. 2 5.88% $11,892
    BAYSHORE MORTGAGE FUNDING, LLC 2 6.44% $10,063
    SOUTHWEST FUNDING, LP 2 6.50% $5,694
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.88% $14,369
    ANGEL OAK HOME LOANS LLC 2 4.63% $8,522
    US Employees O.C. Federal Credit Union 2 5.19% $6,327
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 5.19% $14,228
    WILLOW BEND MORTGAGE COMPANY, LLC 2 5.69% $9,472
    Commerce Home Mortgage, Inc. 1 5.38% $8,478
    First Western Trust Bank 1 5.38% $7,199
    Queensborough National Bank & Trust Company 1 5.63% $10,703
    Community First National Bank 1 4.63% $5,773
    First Internet Bank of Indiana 1 4.75% $7,874
    BEST CAPITAL FUNDING 1 5.63% $5,836
    Regions Bank 1 3.13% $8,131
    Reliabank Dakota 1 4.88% $7,949
    RESIDENTIAL BANCORP 1 5.50% $9,673
    CONTOUR MORTGAGE CORPORATION 1 5.88% $22,618
    Core Bank 1 4.99% $8,077
    VAN DYK MORTGAGE CORPORATION 1 5.88% $8,064
    BECKAM FUNDING CORP. 1 3.00% $8,817
    GUARANTEED RATE AFFINITY, LLC 1 5.75% $9,353
    Bank of the West 1 4.13% $5,023
    SFMC, LP 1 6.75% $14,928
    Sierra Pacific Mortgage Company, Inc. 1 4.50% $7,559
    DRAPER AND KRAMER MORTGAGE CORP. 1 5.00% $8,421
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.99% $6,877
    MORTGAGE CLEARING CORPORATION 1 3.50% $6,145
    SOVEREIGN LENDING GROUP INCORPORATED 1 3.63% $10,191
    Bank of Tennessee 1 4.88% $10,411
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 6.25% $8,975
    MORTGAGE ACCESS CORP. 1 4.75% $8,578
    Sunflower Bank 1 3.75% $10,055
    Elements Financial Federal Credit Union 1 3.00% $9,356
    BancorpSouth 1 5.50% $4,551
    FAY SERVICING, LLC 1 3.13% $6,491
    LHM FINANCIAL CORPORATION 1 6.25% $12,225
    Landmark National Bank 1 5.50% $4,816
    The Union Bank Company 1 5.63% $16,790
    ASPIRE FINANCIAL, INC. 1 5.63% $6,793
    KELLER MORTGAGE, LLC 1 4.75% $7,371
    Armed Forces Bank 1 2.50% $7,986
    FirstBank 1 5.63% $5,862
    First Bank & Trust 1 5.75% $11,020
    INTERCAP LENDING INC. 1 4.88% $16,500
    GMFS LLC 1 5.63% $5,760
    UNION SQUARE 1 3.75% $4,460
    HOMETRUST MORTGAGE COMPANY 1 5.00% $9,916
    First Community Bank 1 4.75% $13,455
    First Federal Bank 1 2.63% $5,342
    First State Bank 1 7.13% $13,762
    Affiliated Bank 1 3.63% $6,215
    Paramount Bank 1 3.25% $10,650
    First State Bank of St. Charles, Missouri 1 3.88% $6,884
    Origin Bank 1 3.25% $6,721
    Northpointe Bank 1 5.63% $8,448
    PNC Bank 1 5.00% $6,508
    NBH Bank 1 5.25% $4,844
    PREMIA MORTGAGE, LLC 1 5.25% $3,578
    NATIONWIDE MORTGAGE BANKERS, INC. 1 3.75% $10,205
    Capital Bank 1 6.63% $8,704
    Princeton Mortgage Corporation 1 3.75% $5,926
    Priority Bank 1 4.88% $8,132

    The top Oklahoma FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 963 FHA loans originated. Their average total fees are $8,844, which is $385 higher than the next largest lender, First United Bank and Trust Company.

    The lowest fee Oklahoma FHA lenders (with over 10 loans originated) are Bank of America ($4,905), Mortgage Research Center, LLC ($4,927), JPMorgan Chase Bank ($5,095), MID AMERICA MORTGAGE, INC. ($5,364) and VILLAGE CAPITAL MORTGAGE ($5,472).

    The lowest rate Oklahoma FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (3.68%), MidFirst Bank (3.89%), First Guaranty Mortgage Corporation (4.11%), LAKEVIEW LOAN SERVICING, LLC (4.13%) and Bank of America (4.16%).

    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).