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 6.47% for the week of 2023-05-26, compared to the national average (all FHA variants) of 6.612% for the same period.

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

The average rate for the prior week (2023-05-19) was 6.25% and one month ago for the week of 2023-04-21, the average rate was 5.99%.

The average rate one year ago was 5%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.61%.

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 Bank 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).