Oklahoma FHA Loan Rates, Closing Costs & Stats

Oklahoma

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 6.75% for the week of 2024-06-14, compared to the national average (all FHA variants) of 6.712% for the same period.

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

The average rate for the prior week (2024-06-07) was 6.63% and one month ago for the week of 2024-05-10, the average rate was 7.02%.

The average rate one year ago was 6.67%.

For refis of the same type during the week of 2024-06-14, the average rate was 6.53%.

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).