Oklahoma USDA Loan Rates, Closing Costs & Stats

Oklahoma

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Oklahoma USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Oklahoma averaged 0.12% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Oklahoma's average USDA mortgage closing costs are $4,896.

    The average rate for the prior week (2024-11-08) was 6.37% and one month ago for the week of 2024-10-11, the average rate was 5.93%.

    The average rate one year ago was 7.36%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.2%.

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

    Oklahoma USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 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
    OPEN MORTGAGE, LLC 96 6.52% $7,575
    FLAT BRANCH MORTGAGE, INC. 60 6.80% $6,212
    GUILD MORTGAGE COMPANY 46 6.74% $6,465
    Firstar Bank 45 6.27% $5,330
    First United Bank and Trust Company 43 6.76% $6,445
    Arvest Bank 37 6.65% $5,754
    CORNERSTONE HOME LENDING, INC. 35 6.57% $8,301
    Gateway First Bank 34 6.79% $5,899
    Chickasaw Community Bank 32 6.92% $5,959
    BancFirst 28 6.70% $5,252
    INTERLINC MORTGAGE SERVICES, LLC 28 6.87% $4,201
    UNITED WHOLESALE MORTGAGE, LLC 27 6.45% $7,503
    GUARANTEED RATE, INC. 26 6.53% $6,241
    United Fidelity Funding Corp. 26 6.87% $7,579
    Stride Bank 17 6.43% $6,822
    BOKF 17 6.61% $6,678
    PRIMELENDING, A PLAINSCAPITAL COMPANY 14 6.96% $6,226
    SUN WEST MORTGAGE COMPANY, INC. 14 7.02% $5,666
    US MORTGAGE CORPORATION 14 6.45% $7,974
    American Bank of Oklahoma 14 6.26% $6,489
    NEWREZ LLC 13 6.65% $6,253
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 6.81% $6,898
    ASSOCIATED MORTGAGE CORPORATION 11 6.73% $7,513
    THE MORTGAGE LINK, INC. 11 6.97% $9,375
    EVERETT FINANCIAL, INC. 11 7.14% $4,974
    MORTGAGE SOLUTIONS OF COLORADO, LLC 10 6.63% $8,988
    PLAZA HOME MORTGAGE, INC. 10 6.25% $6,694
    NFM, INC. 9 6.90% $9,150
    Mortgage Investment Services Corporation 9 7.19% $4,528
    CARDINAL FINANCIAL 9 6.01% $9,212
    The Central Trust Bank 8 6.50% $6,964
    FIRST AMERICAN MORTGAGE, INC. 8 6.38% $5,362
    MID AMERICA MORTGAGE, INC. 8 6.84% $5,071
    Great Plains National Bank 8 6.36% $5,581
    Flagstar Bank, FSB 8 6.84% $7,771
    F & M Bank 8 6.70% $4,306
    CMG MORTGAGE, INC. 7 6.27% $7,606
    UNION HOME MORTGAGE CORP. 7 7.25% $5,713
    CROSSCOUNTRY MORTGAGE, LLC 6 7.27% $7,396
    GENEVA FINANCIAL, LLC 6 6.88% $9,534
    FBC MORTGAGE, LLC 6 6.35% $7,947
    First National Bank and Trust Company 6 6.60% $5,618
    Paramount Residential Mortgage Group, Inc. 5 6.63% $6,908
    SENTE MORTGAGE, INC. 5 7.05% $7,832
    AMERICAN FINANCIAL NETWORK, INC. 5 7.10% $6,125
    Equity Prime Mortgage LLC 5 6.85% $4,842
    Waterstone Mortgage Corporation 5 7.18% $7,751
    Bank of England 4 6.50% $6,581
    Mortgage Research Center, LLC 4 6.81% $3,212
    RESIDENTIAL BANCORP 4 6.63% $11,206
    TTCU Federal Credit Union 4 6.56% $6,137
    Unify Home Lending Inc. 4 6.50% $2,372
    Century Mortgage Company DBA Century Lending Company 3 6.92% $6,730
    BROKER SOLUTIONS, INC. 3 7.04% $6,659
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 7.04% $6,469
    American Mortgage Bank, LLC 3 7.25% $5,524
    FINANCIAL CONCEPTS MORTGAGE, LLC 3 6.42% $6,333
    TOWNE MORTGAGE COMPANY 2 6.63% $9,218
    RCB Bank 2 6.81% $5,437
    ROYAL UNITED MORTGAGE LLC 2 6.81% $7,092
    AXIA FINANCIAL, LLC 2 6.50% $6,876
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 7.25% $4,391
    Armstrong Bank 2 5.38% $8,008
    CWM PARTNERS, L.P. 2 6.31% $7,375
    GERSHMAN INVESTMENT CORP. 2 6.25% $6,169
    Plains Commerce Bank 2 6.44% $5,525
    LEGEND LENDING CORPORATION 2 7.06% $6,380
    Centennial Bank 1 6.50% $7,873
    Barrington Bank & Trust Company, N.A. 1 7.25% $4,864
    AMCAP MORTGAGE, LTD. 1 6.25% $4,580
    VAN DYK MORTGAGE CORPORATION 1 6.50% $2,734
    UNITED 1 7.13% $4,931
    GUARANTY HOME MORTGAGE CORPORATION 1 6.75% $6,817
    GARDNER FINANCIAL SERVICES, LTD. 1 7.13% $4,661
    HOMESIDE FINANCIAL, LLC 1 5.63% $6,199
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.13% $6,197
    INTERCAP LENDING INC. 1 5.63% $8,085
    FirstTrust Home Loans, Inc. 1 7.25% $5,952
    MEMBER ADVANTAGE MORTGAGE, LLC 1 6.88% $6,723
    First Savings Bank 1 7.25% $4,091
    First National Bank of Omaha 1 5.63% $5,583
    FIRST COMMUNITY MORTGAGE, INC. 1 6.88% $4,508
    Nations Lending Corporation 1 6.13% $14,979
    FIDELITY BANK 1 5.63% $6,615
    Farmers Bank & Trust Company 1 6.13% $5,823
    Equity Bank 1 6.88% $5,597
    CHURCHILL MORTGAGE CORPORATION 1 7.49% $5,582
    Regions Bank 1 6.75% $8,180
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.38% $6,605
    Servion, Inc. 1 5.63% $6,402

    The top Oklahoma USDA lender as defined by loan originations is OPEN MORTGAGE, LLC, with 96 USDA loans originated. Their average total fees are $7,575, which is $1,363 higher than the next largest lender, FLAT BRANCH MORTGAGE, INC..

    The lowest fee Oklahoma USDA lenders (with over 10 loans originated) are INTERLINC MORTGAGE SERVICES, LLC ($4,201), EVERETT FINANCIAL, INC. ($4,974), BancFirst ($5,252), Firstar Bank ($5,330) and SUN WEST MORTGAGE COMPANY, INC. ($5,666).

    The lowest rate Oklahoma USDA lenders (with over 10 loans originated) are PLAZA HOME MORTGAGE, INC. (6.25%), American Bank of Oklahoma (6.26%), Firstar Bank (6.27%), Stride Bank (6.43%) and US MORTGAGE CORPORATION (6.45%).