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 6.43% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

Oklahoma's average USDA mortgage closing costs are $4,736.

The average rate for the prior week (2023-05-19) was 5.97% and one month ago for the week of 2023-04-21, the average rate was 5.88%.

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 5.47%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FLAT BRANCH MORTGAGE, INC. 78 5.10% $5,896
Chickasaw Community Bank 74 5.00% $5,143
OPEN MORTGAGE, LLC 71 5.13% $7,897
Gateway First Bank 66 4.94% $3,969
BancFirst 57 4.75% $5,419
First United Bank and Trust Company 53 4.60% $5,610
Firstar Bank 53 4.32% $5,180
Arvest Bank 43 4.74% $5,445
United Fidelity Funding Corp. 40 5.12% $6,632
ASSOCIATED MORTGAGE CORPORATION 35 4.62% $6,379
INTERLINC MORTGAGE SERVICES, LLC 35 4.96% $3,676
CALIBER HOME LOANS, INC. 35 4.70% $5,966
CROSSCOUNTRY MORTGAGE, LLC 33 4.87% $6,789
EVERETT FINANCIAL, INC. 32 5.14% $3,860
HOME POINT FINANCIAL CORPORATION 32 4.40% $6,197
GUILD MORTGAGE COMPANY 31 4.77% $6,641
Great Plains National Bank 30 5.66% $5,277
GUARANTEED RATE, INC. 27 4.91% $5,944
PRIMELENDING, A PLAINSCAPITAL COMPANY 27 5.27% $5,560
Stride Bank 27 4.42% $5,885
BOKF 26 4.74% $5,198
CORNERSTONE HOME LENDING, INC. 23 5.50% $7,598
UNITED WHOLESALE MORTGAGE, LLC 21 4.94% $6,126
Mortgage Investment Services Corporation 19 4.96% $2,648
American Bank of Oklahoma 17 5.12% $6,008
Armstrong Bank 16 4.27% $4,817
PLAZA HOME MORTGAGE, INC. 16 5.32% $5,734
CARDINAL FINANCIAL 16 5.28% $7,234
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 15 5.30% $6,176
CMG MORTGAGE, INC. 14 4.56% $7,675
GUARANTY HOME MORTGAGE CORPORATION 13 4.40% $4,366
US MORTGAGE CORPORATION 13 5.24% $6,402
MORTGAGE SOLUTIONS OF COLORADO, LLC 13 5.61% $7,040
UNION HOME MORTGAGE CORP. 12 4.81% $6,581
MID AMERICA MORTGAGE, INC. 12 4.87% $4,474
First Guaranty Mortgage Corporation 11 3.93% $5,121
F & M Bank 9 4.21% $5,544
FBC MORTGAGE, LLC 8 4.47% $6,188
CERTAINTY HOME LOANS, LLC 8 5.48% $5,585
Waterstone Mortgage Corporation 8 5.80% $7,275
Simmons Bank 7 5.50% $5,259
AMERICAN FINANCIAL RESOURCES, INC. 6 5.63% $3,996
Flagstar Bank, FSB 6 4.39% $5,152
AMCAP MORTGAGE, LTD. 6 4.58% $5,660
RCB Bank 6 5.31% $4,516
FirstTrust Home Loans, Inc. 5 5.10% $5,775
LEGEND LENDING CORPORATION 5 5.77% $5,377
AMERICAN PACIFIC MORTGAGE CORPORATION 5 5.25% $7,358
LOANDEPOT.COM, LLC 5 4.93% $6,360
Citizens Bank 5 4.75% $5,325
Bank of England 5 4.10% $5,422
Mortgage Research Center, LLC 4 5.03% $2,766
Regions Bank 4 5.47% $6,590
Servion, Inc. 4 4.13% $5,244
Centennial Bank 4 4.63% $4,954
UNITED 3 4.46% $5,040
TTCU Federal Credit Union 3 5.33% $5,038
SENTE MORTGAGE, INC. 3 4.29% $5,907
Paramount Residential Mortgage Group, Inc. 3 4.33% $8,054
Hometown Lenders, Inc. 3 5.46% $7,545
DAS Acquisition Company, LLC 3 5.63% $7,862
ACADEMY MORTGAGE CORPORATION 2 4.69% $7,915
Town Square Mortgage & Investments, Inc. 2 5.69% $6,558
SUN WEST MORTGAGE COMPANY, INC. 2 6.88% $5,750
PENNYMAC LOAN SERVICES, LLC 2 3.19% $5,929
MOVEMENT MORTGAGE, LLC 2 5.25% $5,627
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 7.00% $5,227
Network Funding, L.P. 2 5.13% $4,890
Carrington Mortgage Services, LLC 2 5.13% $6,612
NFM, INC. 2 6.38% $8,069
Plains Commerce Bank 2 5.94% $4,296
GSF Mortgage Corporation 2 5.63% $7,251
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 5.19% $5,884
HOMESTAR FINANCIAL CORPORATION 2 5.94% $2,062
FINANCIAL CONCEPTS MORTGAGE, LLC 2 3.88% $5,041
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.31% $6,647
BROKER SOLUTIONS, INC. 2 6.13% $6,166
CWM PARTNERS, L.P. 2 5.44% $6,599
MORIA DEVELOPMENT, INC. 1 5.63% $7,084
American Mortgage Bank, LLC 1 5.25% $6,978
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 2.25% $20,323
BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 4.99% $5,917
CHURCHILL MORTGAGE CORPORATION 1 6.38% $7,220
CRESCENT MORTGAGE COMPANY 1 5.38% $4,724
Equity Prime Mortgage LLC 1 4.25% $6,068
Fidelity Bank 1 3.13% $3,419
FIRST AMERICAN MORTGAGE, INC. 1 4.50% $7,429
First Savings Bank 1 4.25% $7,207
FIRST WESTERN MORTGAGE, INC. 1 4.00% $4,289
Flanagan State Bank 1 4.38% $4,131
GENEVA FINANCIAL, LLC 1 5.63% $4,810
Hometown Equity Mortgage, LLC 1 4.13% $10,407
KELLER MORTGAGE, LLC 1 4.75% $6,194
LEADERONE FINANCIAL CORPORATION 1 4.63% $10,520
MORTGAGE FINANCIAL SERVICES, LLC 1 3.63% $5,979
Neighborhood Loans, Inc. 1 5.25% $6,168
NEWREZ LLC 1 7.13% $7,165
Northpointe Bank 1 5.25% $6,206
PLANET HOME LENDING, LLC 1 2.75% $3,310
SWBC MORTGAGE CORPORATION 1 5.75% $9,062
Texana Bank 1 3.88% $5,395
TIB The Independent Bankersbank 1 5.75% $4,213
TOWNE MORTGAGE COMPANY 1 3.63% $5,722
Unify Home Lending Inc. 1 6.75% $1,465

The top Oklahoma USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 78 USDA loans originated. Their average total fees are $5,896, which is $754 higher than the next largest lender, Chickasaw Community Bank.

The lowest fee Oklahoma USDA lenders (with over 10 loans originated) are Mortgage Investment Services Corporation ($2,648), INTERLINC MORTGAGE SERVICES, LLC ($3,676), EVERETT FINANCIAL, INC. ($3,860), Gateway First Bank ($3,969) and GUARANTY HOME MORTGAGE CORPORATION ($4,366).

The lowest rate Oklahoma USDA lenders (with over 10 loans originated) are First Guaranty Mortgage Corporation (3.93%), Armstrong Bank (4.27%), Firstar Bank (4.32%), HOME POINT FINANCIAL CORPORATION (4.40%) and GUARANTY HOME MORTGAGE CORPORATION (4.40%).