Oklahoma USDA Loan Rates, Closing Costs & Stats

Oklahoma

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 6.65% for the week of 2024-05-24, compared to the national average (all USDA variants) of 6.738% for the same period.

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

The average rate for the prior week (2024-05-17) was 6.83% and one month ago for the week of 2024-04-19, the average rate was 7.07%.

The average rate one year ago was 6.39%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.54%.

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%).