Oklahoma Mortgage Rates
Home to the National Cowboy & Western Heritage Museum, the Sooner State is not only a place-to-be when it comes to Old West whimsies; it is also one of the prime choices for scenic outdoor vacations, delectable cuisines, and vibrant night parties.
Who wouldn’t want to live in such a diversely-attractive destination?
It’s no surprise why there is such demand for homes in the state. Per Zillow’s Home Value Index, average home price in Oklahoma now sits at $115,700 and is projected to increase by 3.4 percent in 2018. The average price of homes listed in the state is even higher at $176,360.
Finding the best mortgage rates in Oklahoma
Higher home prices mean higher down payments. To compensate for higher fees upfront, getting a low mortgage rate is a good strategy.
You’re in luck!
Mortgage rates has been at its lowest in decades. With 30-year fixed-rate mortgages sporting rates as low as 4 percent, there’s never been a perfect time for mortgage shopping since the housing crisis in 2008.
What’s more, there are a variety of home loan products available today that cater to the great variety of consumer needs. VA and USDA mortgages, for example, are designed for veterans and rural homeowners. The FHA also offers a 3.5 percent down payment program for first time, low-to-moderate income homebuyers. Even private lenders are already competing with government-backed programs to help homebuyers get a place of their own.
If your finances are at its best, there’s no reason to delay buying a home now.
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