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%).