Today's Fixed Rate4.9%5.3% APR Fixed Mortgage

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Lower Your Interest Rate

If eligible, you can lower your interest rate. This could lead to lower payments and less money paid towards interest.

Why should I lower my rate?
Piggy bank Save money
Lower cost Lower Payments

Shorten Your Loan Term

Shorten your loan term when refinancing from a 30-year term to a 15-year term. You may also lower your rate.

Why should I shorten my term?
House Become mortgage-free quickly
Lower interest Pay less interest

Leverage Your Home's Equity

Take cash out of your home to apply to improvements, renovations, or other necessary expenses.

Why should I cash out?
Paint roller Renovations
Credit card hazard Pay for other debts or emergencies

Oklahoma Mortgage Rates

With a wide range of nature and history to explore across the state, it isn’t hard to see why Oklahoma is a popular relocation destination for people from all over the country.

When you add in the fact that the overall cost of living here typically falls about 16% below the national average, it’s hard to imagine why just about everyone isn’t packing up and moving to the Sooner State.

Common Oklahoma Loan Types:

  • Oklahoma conventional mortgages: Most homebuyers in Oklahoma end up utilizing a conventional mortgage, but there is a wide range of options available for these standard loans, and some factors can vary depending on the location you choose. You can compare mortgage lenders with FreeRateUpdate.com to find the loan that best suits your needs.
  • Oklahoma FHA loans: An FHA loan is a mortgage backed by the Federal Housing Administration and offered through approved FHA lenders. These loans typically come with lower down payment and credit score requirements, but require a Mortgage Insurance Premium to pay for the FHA insurance. You can use FreeRateUpdate.com to find a lender in Oklahoma who best meets your needs.
  • Oklahoma VA loans: Active duty and retired members of the armed forces can use a VA Loan, which is offered through a VA qualified lender. These loans come with better interest rates and no down payment requirements because the VA backs the loan. You can find a VA-approved lender to work with through FreeRateUpdate.com.

Oklahoma Mortgage Rates Compared to National Averages

Mortgage rates in Oklahoma typically come in well below the national averages. When you combine that with the already low cost of living, buying a home in the Sooner State is an exceptional bargain.

When you are ready to purchase your next home in Oklahoma, let FreeRateUpdate.com help you find the best lender to work with for your new home’s mortgage.