Mortgage rates in Oklahoma
30-yr fixed 7.18% · Freddie Mac PMMS, week of Nov 5, 2026 · APR benchmark 7.19% (APOR for locks from Nov 9, 2026) · Last reviewed Oct 18, 2026 by the Editorial Team
Oklahoma remains one of the most affordable states for buyers.
Mortgage rates today by loan type
These are national averages. Lenders in Oklahoma price off the same national market, so treat them as a benchmark: your quote depends on your credit, down payment, loan size and points. The APR benchmark folds in typical points and fees, so it shows what a prime borrower's APR looks like this week.
| Loan type | Avg rate | APR benchmarkAPOR | Source · as of | What it measures |
|---|---|---|---|---|
| 30-year fixed | 7.18% | 7.19% | Freddie Mac PMMSNov 5, 2026 | Conventional purchase loans, 20% down, strong credit; weekly survey |
| 20-year fixed | 6.66% | 6.93% | Zillow (via NerdWallet)Nov 6, 2026 | Lender-quoted average; checked by hand every two weeks |
| 15-year fixed | 6.57% | 6.67% | Freddie Mac PMMSNov 5, 2026 | Conventional purchase loans, 20% down, strong credit; weekly survey |
| 10-year fixed | 6.31% | 6.82% | Zillow (via NerdWallet)Nov 6, 2026 | Lender-quoted average; checked by hand every two weeks |
| 5-year ARM | 6.73% | 6.67% | Zillow (via NerdWallet)Nov 6, 2026 | Fixed for 5 years, then adjusts; APOR = prime ARM benchmark |
| 7-year ARM | — | 6.50% | APOR, locks from Nov 9, 2026 | No free rate series; APOR benchmark only |
| 10-year ARM | — | 6.63% | APOR, locks from Nov 9, 2026 | No free rate series; APOR benchmark only |
| FHA 30-year | 6.89% | — | Optimal Blue OBMMINov 5, 2026 | Locked FHA loans, all credit profiles; daily |
| VA 30-year | 6.71% | — | Optimal Blue OBMMINov 5, 2026 | Locked VA loans; daily |
| USDA 30-year | 6.86% | — | Optimal Blue OBMMINov 5, 2026 | Locked USDA loans; daily |
| Jumbo 30-year | 7.25% | — | Optimal Blue OBMMINov 5, 2026 | Locked loans above the conforming limit; daily |
APR benchmark = FFIEC/CFPB Average Prime Offer Rate for rate locks in the week starting Nov 9, 2026 (published in advance): a prime borrower's APR including typical points and fees. It is not a quote; your APR depends on credit, down payment and the points you pay. APOR is not published for FHA, VA, USDA or jumbo loans.
Calculate your Oklahoma mortgage payment
The calculator starts from Oklahoma's median list price, 20% down, the state's 0.82% effective property tax, its median insurance premium and its average closing costs. Switch to FHA or VA, change the down payment, or pick your county to set its conforming limit. For the month-by-month split of principal and interest, open the month-by-month amortization. To see how Oklahoma's property tax and insurance compare with every other state, try the taxes-and-insurance payment calculator.
Oklahoma vs. the U.S.
Oklahoma's median list price is 29% below the U.S. median, so at the same 7.18% rate the principal and interest on a 20%-down loan runs $650 a month less. Five-year price growth here was the 18th-slowest of 51 jurisdictions.
| Measure | Oklahoma | U.S. |
|---|---|---|
| Median list priceRealtor.com, Oct 2026 | $295,000 | $415,000 |
| Principal + interest, 20% down30-yr avg 7.18% | $1,599 | $2,249 |
| Average home-purchase loanHMDA 2025 | $260,428 | $404,828 |
| Average closing costsincl. transfer taxes | $2,896 | $4,661 |
| Median conventional rate paid2025 purchase loans | 6.63% | 6.50% |
| Mortgage approval rateHMDA 2025 | 75.8% | 76.6% |
| Home values, 1 yearFHFA index, Q2 2026 | +2.8% | +3.0% |
| Home values, 5 yearsFHFA index, Q2 2026 | +39.9% | +41.3% |
What Oklahoma borrowers actually paid in 2025
This is the state-specific part. Federal HMDA records show the rate and costs on every Oklahoma home-purchase loan closed in 2025. We compare like with like: 30-year fixed, first-lien, one-unit primary homes. On conventional loans, Oklahoma borrowers paid 0.07 percentage points above the market benchmark at lock, the 5th-highest of all 50 states and the District of Columbia.
| 2025 purchase loans | Median rateOK · U.S. | Over benchmarkOK · U.S. | Closing costsOK · U.S. | Paid pointsshare of loans | Median downequity on refis · OK |
|---|---|---|---|---|---|
| Conventional 30-yr fixed (conforming, 20%+ down)6,221 loans | 6.63%6.50% | +0.07+0.02 | $4,895$5,476 | 58.4%53.2% | 23.1% |
| Jumbo 30-yr fixed (20%+ down)53 loans | 6.63%6.63% | +0.11+0.00 | $8,212$10,251 | 43.4%38.4% | 20% |
| FHA 30-yr fixed9,036 loans | 6.25%6.25% | +0.41+0.42 | $9,132$11,291 | 49.1%59.3% | 3.5% |
| VA 30-yr fixed5,378 loans | 6.25%6.13% | −0.22−0.36 | $5,398$6,554 | 57.8%59.3% | 0% |
| Conventional rate-and-term refinance1,029 loans | 6.50%6.38% | +0.07−0.06 | $5,629$4,390 | 61.2%45.4% | 32.4% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), medians. "Over benchmark" = rate spread, the APR minus APOR on the lock date, which removes the effect of when each loan locked. Closing costs = total loan costs on the Closing Disclosure. HMDA has no credit scores, so these are what borrowers paid, not what you will be offered. See the lenders active in Oklahoma and what their borrowers paid.
Oklahoma's biggest conventional lenders: what their borrowers paid
The 8 largest conventional lenders in Oklahoma by 2025 purchase loans, out of 597 that made one. Each row is the median for that lender's comparable loans here: 30-year fixed, conforming, 20% or more down. A lower figure over the benchmark means cheaper pricing for the same week.
| Lender | 2025 loansshare in OK | Median rate | Over benchmark | Originationmedian | Paid pointsshare · median | Median down |
|---|---|---|---|---|---|---|
| First United Bank and Trust Company | 1,4565.2% | 6.63% | +0.18 | $1,698 | 67%$1,443 | 23.1% |
| BancFirst | 1,4185.1% | 6.63% | +0.08 | $1,080 | 25%$1,723 | 26.9% |
| Arvest Bank | 1,2454.5% | 6.63% | +0.17 | $1,788 | 70%$1,060 | 25% |
| Associated Mortgage Corporation | 1,2414.5% | 6.63% | +0.13 | $1,645 | 48%$1,685 | 22.6% |
| Rocket Mortgage | 9563.4% | 6.63% | +0.12 | $3,080 | 79%$2,620 | 22% |
| Stride Bank, National Association | 7992.9% | 6.38% | −0.04 | $1,480 | 46%$2,003 | 23.9% |
| Bokf, National Association | 7932.9% | 6.63% | +0.11 | $1,879 | 76%$1,207 | 25% |
| Gateway First Bank | 6882.5% | 6.50% | +0.02 | $2,008 | 82%$900 | 21.5% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), lenders with at least 30 comparable loans in Oklahoma. Minimum credit scores are not shown here: conventional loans usually start at 620 (a lender floor; Fannie Mae's automated underwriting sets none), FHA 580 (500 with 10% down), VA none set by VA (lenders often 620). HMDA has no credit scores, so a lender's medians reflect its own mix of borrowers. FHA and VA lenders: Oklahoma lender rankings.
How rates have moved
Weekly national averages over the past 30 days to 5 years. The 30- and 15-year lines are Freddie Mac average rates; the ARM lines are the APOR APR benchmark, because no free weekly ARM rate series exists.
- Now
- 7.18%
- Nov 5, 2026
- 1 week ago
- 7.24%
- −0.06 pts
- 1 month ago
- 7.40%
- −0.22 pts
- 1 year ago
- 6.22%
- +0.96 pts
30-year fixed: Freddie Mac PMMS (rate), weekly. National series.
What a mortgage costs in Oklahoma
On a home at Oklahoma's median list price of $295,000 with 20% down, the loan works out to $236,000, or about $1,599 a month in principal and interest at the 7.18% 30-year average.
What makes Oklahoma different is the cost around the loan. Its 0.82% effective property-tax rate adds roughly $202 a month, and homeowners insurance — at the state's median 0.94% of home value — about $232 more, bringing the all-in estimate to $2,032. That figure is principal and interest at the 30-year average, property tax and insurance; at 20% down a conventional loan has no PMI, and HOA dues or local special assessments are not included. Your own price and down payment will move the number — work backward from your income with the price-you-can-afford calculator.
Payment at the $295,000 median list price by down payment and loan type
| Loan | Rate | Monthlyall-in | Mortgage ins. | Cash to close | Income needed28% rule · yearly |
|---|---|---|---|---|---|
| Conventional, 20% downNo PMI | 7.18%Freddie Mac 30-yr avg | $2,032P&I $1,599 | — | $61,896 | $87,000 |
| Conventional, 10% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $2,387P&I $1,799 | $155 | $32,396 | $102,000 |
| Conventional, 5% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $2,495P&I $1,899 | $163 | $17,646 | $107,000 |
| Conventional, 3% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $2,539P&I $1,938 | $167 | $11,746 | $109,000 |
| FHA, 3.5% down1.75% upfront MIP financed + annual MIP | 6.89%OBMMI FHA avg | $2,470P&I $1,906 | $130 | $13,221 | $106,000 |
| VA, 0% down2.15% funding fee financed; no monthly MI | 6.71%OBMMI VA avg | $2,380P&I $1,946 | — | $2,896 | $102,000 |
Monthly = principal and interest + property tax (0.82% effective) + homeowners insurance (about $232/mo — Oklahoma's median premium, 0.94% of home value) + mortgage insurance. HOA dues and local special assessments are not included. Cash to close = down payment + Oklahoma's average closing costs ($2,896). PMI is an illustrative 0.7% a year; FHA and VA figures use HUD's MIP schedule and VA's first-use funding fee. Income needed = the gross yearly income at which the monthly figure is 28% of pay, the classic housing-cost guideline. Lenders also limit your total monthly debts as a share of income, so car, student-loan and card payments raise the income you need.
Prices, loan limits and payments in Oklahoma's biggest counties
Home prices, and so the loan you need, vary more inside Oklahoma than rates do. The table covers the largest county markets. Pick a row to load it into the calculator above.
| County | Median list priceSep 2026 · yr/yr | Avg purchase loanHMDA 2025 | Conforming limitmax price at 20% down | At 20% down | Est. paymentP&I + tax + ins. | Calculator |
|---|---|---|---|---|---|---|
| Oklahoma County3,284 homes for sale · Sep 2026 | $299,950-2.9% | $289,9909,783 loans | $832,750$1,040,937 | Conforming$239,960 loan | $2,066at 7.18% | |
| Tulsa County2,363 homes for sale · Sep 2026 | $342,400+1.9% | $298,4207,941 loans | $832,750$1,040,937 | Conforming$273,920 loan | $2,359at 7.18% | |
| Canadian County1,176 homes for sale · Sep 2026 | $316,450-1.5% | $267,9583,435 loans | $832,750$1,040,937 | Conforming$253,160 loan | $2,180at 7.18% | |
| Cleveland County1,158 homes for sale · Sep 2026 | $309,700+3.3% | $263,9253,646 loans | $832,750$1,040,937 | Conforming$247,760 loan | $2,133at 7.18% | |
| Mccurtain County491 homes for sale · Sep 2026 | $599,000+0.3% | $469,963401 loans | $832,750$1,040,937 | Conforming$479,200 loan | $4,126at 7.18% | |
| Delaware County484 homes for sale · Sep 2026 | $356,000-10.8% | $310,763465 loans | $832,750$1,040,937 | Conforming$284,800 loan | $2,452at 7.18% | |
| Comanche County457 homes for sale · Sep 2026 | $211,975+7.7% | $211,0741,559 loans | $832,750$1,040,937 | Conforming$169,580 loan | $1,460at 7.18% | |
| Wagoner County384 homes for sale · Sep 2026 | $317,596-1.7% | $273,5761,707 loans | $832,750$1,040,937 | Conforming$254,077 loan | $2,188at 7.18% | |
| Logan County344 homes for sale · Sep 2026 | $379,813-1.3% | $294,751964 loans | $832,750$1,040,937 | Conforming$303,850 loan | $2,616at 7.18% | |
| Grady County340 homes for sale · Sep 2026 | $322,475-6.3% | $248,553895 loans | $832,750$1,040,937 | Conforming$257,980 loan | $2,221at 7.18% | |
| Payne County323 homes for sale · Sep 2026 | $292,593-0.3% | $259,456799 loans | $832,750$1,040,937 | Conforming$234,074 loan | $2,016at 7.18% | |
| Pottawatomie County307 homes for sale · Sep 2026 | $246,514-7.1% | $229,853921 loans | $832,750$1,040,937 | Conforming$197,211 loan | $1,698at 7.18% |
Sources: Realtor.com county research data (median listing price, Sep 2026); FHFA 2026 one-unit conforming limits; 2025 HMDA home-purchase originations (average loan, all loan types). Payments use the 30-year average (7.18%, or the jumbo average 7.25% above the limit), Oklahoma's 0.82% effective property tax and its median insurance premium (0.94% of value), both from Census ACS 2024 data; county tax rates differ. Max price at 20% down = the county limit ÷ 0.8, the highest price at which a 20%-down loan stays conforming. Homes for sale = active Realtor.com listings in the month, excluding pending sales.
What's different about buying a home in Oklahoma
Rates are national, but the rules around the loan are not. These Oklahoma specifics can change your payment, your closing or your protections as a borrower.
Oklahoma's value cap resets when a home sells
Oklahoma caps yearly increases in a home's fair cash value (now 3% for homesteads, 5% otherwise), but not in a year when title transfers. A buyer is generally assessed at full current value, so the seller's bill can be lower than yours.
Source: oklahoma.govWind and hail often carry separate deductibles
Oklahoma Insurance Department guidance says homeowners policies often carry separate deductibles for wind and hail losses, typically one or two percent of the insured value. Because the deductible scales with coverage, a storm claim can cost much more out of pocket than a typical flat-dollar deductible.
Source: oid.ok.govOklahoma homestead owners can limit power-of-sale foreclosure
Oklahoma lets a lender foreclose without court if the mortgage grants a power of sale, but on a homestead the borrower can generally choose judicial foreclosure or bar a deficiency judgment by certified-mail notice at least 10 days before the sale. Lenders must first give written notice allowing 35 days to cure.
Source: oklegislature.govBoth spouses must sign a homestead mortgage
Oklahoma law generally makes a mortgage affecting the homestead invalid unless both spouses sign it, when both are living and not divorced or legally separated. A spouse who is not a borrower on the loan must still sign in most cases, though narrow exceptions exist, such as VA-insured purchases.
Source: oklegislature.govOklahoma contracts rely on an abstract of title
Oklahoma's standard residential sale contract has the seller make an abstract of title available so it can be brought up to date. The buyer may then obtain a title insurance commitment, an attorney's title opinion, or both. A lender's policy protects only the lender, not the buyer.
Source: oklahoma.govChecked against official sources on October 19, 2026. Laws and programs change; confirm details with the agency named or a local real estate attorney.
How Oklahoma buyers finance their homes
USDA loans are where Oklahoma stands out: they made up 1.4% of home loans originated here in 2025, against 0.6% nationally — the 7th-highest USDA share of any state. Lenders, agents and appraisers here handle USDA deals routinely, which helps if that is the loan you need.
| Loan type | Share in OK | U.S. share | Approval in OK | Avg loan in OK |
|---|---|---|---|---|
| Conventional | 68.1% | 78.0% | 73.9% | $227,488 |
| FHA | 18.0% | 13.2% | 79.3% | $228,587 |
| VA | 12.5% | 8.2% | 80.9% | $295,767 |
| USDA | 1.4% | 0.6% | 88.4% | $175,266 |
The average Oklahoma home loan in 2025 was $235,491 — 33% below the U.S. average of $352,861, the 5th-smallest of 51 jurisdictions. Home purchases accounted for 69.9% of those loans (U.S. 64.2%); cash-out refinances for 13.8% (U.S. 17.1%), a sign that fewer owners here borrowed against their equity.
Source: 2025 HMDA originations, FFIEC/CFPB. Approval = originated ÷ (originated + denied).
Oklahoma loan limits for 2026
All 77 of Oklahoma's counties use the 2026 baseline conforming limit of $832,750 for a one-unit home. Any loan above that is a jumbo loan here, which usually means a larger down payment and cash reserves. See the full national grid in our national loan limit grid.
County limits: FHFA 2026 conforming loan limit list (one-unit properties; two- to four-unit limits are higher).
Cash you'll need to close in Oklahoma
Average closing costs in Oklahoma are about $2,896 including transfer taxes (No. 37 of 51, highest first). On a home at the median list price of $295,000:
| 20% down | 3% down | |
|---|---|---|
| Down payment | $59,000 | $8,850 |
| Average closing costs | $2,896 | $2,896 |
| Cash to close (estimate) | $61,896 | $11,746 |
Prepaid taxes and insurance are extra. Closing-cost averages by state (source: Bankrate).
Transfer taxes and recording rules in Oklahoma
Oklahoma's documentary stamp tax on deeds is $0.75 per $500 of the price (0.15%), sold by the county clerk when the deed is recorded; deeds that only secure a debt are exempt. Source: oklahoma.gov
Getting approved in Oklahoma
Federal HMDA lending records show Oklahoma lenders originated 79,051 home loans in 2025 and denied 25,245 applications — an approval rate near 75.8% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our state-by-state approval data, and how Oklahoma ranks for lender complaint report (2,894 on record).
Shopping for a loan? See the most active mortgage lenders in Oklahoma, ranked by federal HMDA volume.
Down-payment help in Oklahoma
You rarely need 20% down. These are the main programs from OHFA, Oklahoma's housing finance agency; they are offered through participating lenders, usually alongside the agency's own first mortgage.
OHFA Homebuyer Down Payment Assistance
Up to 3.5% of the loan amount from the Oklahoma Housing Finance Agency, applied first to closing costs and then to reducing the first mortgage, alongside its first-mortgage programs.
Source: ohfa.org4Teachers, SHIELD and State Employee rates
OHFA prices loans at special interest rates for teachers, law enforcement, firefighters and EMS (SHIELD) and Oklahoma state employees.
Source: ohfa.orgChecked against official sources on October 9, 2026. Assistance amounts, income limits and funding change during the year — confirm current terms with OHFA or a participating lender.
No state mortgage credit certificate in Oklahoma
Oklahoma Housing's homebuyer program is down-payment assistance with its first mortgage; no MCC is offered. MCC programs by state.
Check current terms at OHFA, see how a smaller down payment changes your number with the down-payment size calculator, or compare nationwide assistance programs.
How these numbers are measured
- Freddie Mac PMMS (30- and 15-year): a weekly average of rates offered to borrowers with 20% down and strong credit, published Thursdays; latest week Nov 5, 2026. Points are not reported.
- Optimal Blue OBMMI (FHA, VA, USDA, jumbo): daily averages of rates actually locked, across credit profiles. Points vary by loan.
- APOR (APR benchmark): FFIEC/CFPB's weekly Average Prime Offer Rate, an APR that includes typical points and fees for a prime borrower. Regulators use it to flag higher-priced loans.
- HMDA 2025 (Oklahoma vs U.S.): rates, costs, points and down payments on loans that actually closed, reported by lenders to federal regulators. Updated once a year.
- Census ACS 2024 (property tax and insurance): what homeowners with a mortgage in Oklahoma reported paying — the median real-estate tax divided by the median home value, and the median insurance premium as a share of value. Updated once a year.
- Interest rate vs APR: the rate sets your payment; the APR adds points and lender fees spread over the loan. Compare APRs on Loan Estimates for the same day and loan type.
Rates and APOR refresh every week; HMDA, loan limits and closing-cost averages refresh when their publishers release new data. Reviewed by our editorial desk. Full sources and formulas: sourcing notes.
Oklahoma mortgage FAQ
What is a good mortgage rate in Oklahoma right now?
A 30-year fixed close to the national average of 7.18% (Freddie Mac, week of Nov 5, 2026) is a fair benchmark for a borrower with strong credit and 20% down. In 2025, Oklahoma's conventional buyers paid a median 6.63%.
Quotes well above that usually reflect lower credit, a small down payment or lender credits taken in exchange for a higher rate.
Are mortgage rates higher in Oklahoma than in other states?
Slightly. In 2025 HMDA records, Oklahoma's median conventional 30-year rate was 6.63%, against 6.50% nationally. Against the benchmark for each loan's lock week, which counts points and fees, Oklahoma loans priced 0.07 percentage points above it (the 5th-highest of all 50 states and the District of Columbia), against 0.02 above nationally.
Rates are set mainly in one national market, so your credit, down payment and loan size matter more.
What are current jumbo mortgage rates in Oklahoma?
The national jumbo 30-year average is 7.25% (Optimal Blue). In 2025, Oklahoma's jumbo buyers paid a median 6.63%. A loan is jumbo above the $832,750 conforming limit, which applies in every Oklahoma county.
Jumbo lenders typically want 10–20% down, a 700+ credit score and 6–12 months of reserves.
Should I choose a 15-year or 30-year mortgage?
On a $236,000 loan (20% down on Oklahoma's median list price), a 30-year at 7.18% costs $1,599 a month and a 15-year at 6.57% costs $2,065.
The 15-year saves about $203,866 in interest but needs $466 more a month, so it fits only if that payment is comfortable.
How much does a 1% difference in mortgage rates change my monthly payment?
On a $236,000 loan (20% down on Oklahoma's median list price), moving from 7.18% to 8.18% raises the principal-and-interest payment from $1,599 to $1,761, or $163 a month.
Over 30 years that is about $58,551 more in interest, which is why comparing several lenders on the same day matters.
Are mortgage rates different for purchase and refinance loans?
Yes, slightly. In 2025, Oklahoma's conventional rate-and-term refinances closed at a median 6.50% and purchases at 6.63%, partly because refinances bunch up when rates dip. Refinances priced 0.07 percentage points above the market benchmark; cash-out refinances usually cost more. Your own pricing depends on credit, loan-to-value and points.
How much is a $400,000 mortgage at 7.18% interest?
About $2,710 a month in principal and interest over 30 years. In Oklahoma, a $500,000 home with that loan adds roughly $342 a month in property tax at the 0.82% effective rate, plus homeowners insurance. Over 30 years the loan costs about $575,506 in interest.
How much income do I need to buy a home in Oklahoma?
About $87,000 a year for a home at the $295,000 median list price with 20% down, if the full $2,032 monthly payment, including tax and insurance, stays within 28% of gross income.
Smaller down payments add mortgage insurance and raise that figure; existing debts lower what lenders approve.
What down payment assistance is available in Oklahoma?
OHFA, the state housing finance agency, runs OHFA Homebuyer Down Payment Assistance and 4Teachers, SHIELD and State Employee rates, offered through participating lenders. Help usually comes as a grant or a deferred or forgivable second loan paired with the agency's first mortgage.
Amounts, income limits and funding change during the year, so confirm current terms with OHFA or a participating lender before you apply.
- Freddie Mac — Primary Mortgage Market Survey
- FFIEC / CFPB — Average Prime Offer Rates (APOR)
- FFIEC / CFPB — HMDA data browser (2025 loan-level records)
- Optimal Blue OBMMI via FRED (FHA, VA, USDA, jumbo)
- FHFA — 2026 conforming loan limits by county
- U.S. Census Bureau — 2024 American Community Survey microdata (property tax and homeowners insurance)
- HUD — Handbook 4000.1 (FHA mortgage insurance)
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.