Oklahoma USDA Loan Rates, Closing Costs & Stats

Oklahoma

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    • 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 6.62% for the week of 2023-12-08, compared to the national average (all USDA variants) of 6.821% for the same period.

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

    The average rate for the prior week (2023-12-01) was 6.57% and one month ago for the week of 2023-11-03, the average rate was 7.01%.

    The average rate one year ago was 6.21%.

    For refis of the same type during the week of 2023-12-08, the average rate was 5.66%.

    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%).