Compare mortgage rates and fees for leading lenders in Oklahoma City, OK. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Oklahoma City.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Oklahoma City. Plus, shopping lenders is free and there is no obligation.
December 11, 2019
The current average rate for a 30 year fixed rate mortgage in Oklahoma City is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
The median home value for Oklahoma City, OK (Oklahoma County) is $159,610
The median household income for Oklahoma City, OK (Oklahoma County) is $52,314
Based on current mortgage rates and a 10% down payment, you need to make $29,613 per year to buy the median priced home in Oklahoma City
The home price you can afford to buy based on household income in Oklahoma City is 177% of the median home value which means housing prices are average
Oklahoma City (Oklahoma County) ranks 75 out of 77 counties in Oklahoma and 2,056 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Oklahoma City, OK is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Oklahoma City (Oklahoma County) below.
Conforming loan limits for Oklahoma City, OK
FHA loan limits for Oklahoma City, OK
VA loan limits for Oklahoma City, OK
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index