The Best Mortgage Lenders in Buffalo, OK
Compare verified mortgage lenders serving Buffalo, Oklahoma. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Buffalo
Featured Mortgage Lenders
Mortgage Solutions Financial
Mortgage Solutions Financial
Mortgage Solutions Financial is a highly-rated regional mortgage lender serving Western Oklahoma, including Buffalo. With exceptional 4.8-star ratings across multiple platforms, they specialize in rural and agricultural lending, making them an ideal choice for Buffalo residents. Their team has extensive experience with USDA loans, which are particularly relevant for rural areas like Buffalo. They offer personalized service with local loan officers who understand the unique needs of Northwest Oklahoma communities.
Loan Types:
Great Plains National Bank
Great Plains National Bank
As one of Oklahoma's oldest and most established community banks, Great Plains National Bank has been serving Northwest Oklahoma communities for over a century. They maintain a strong 4.7-star rating with particular expertise in agricultural and rural property lending. Their local decision-making process and deep understanding of the region's economy make them an excellent choice for Buffalo homebuyers. They offer competitive rates and have specialized programs for first-time homebuyers in rural areas.
Loan Types:
Arvest Bank
Arvest Bank Mortgage
Arvest Bank maintains a strong regional presence throughout Oklahoma with multiple branches serving the Northwest region. Their mortgage division earns consistent 4.6-star ratings for customer service and competitive rates. They have specific expertise in serving rural Oklahoma communities like Buffalo and offer a comprehensive range of loan products. Arvest's local loan officers provide personalized service with the backing of a substantial regional banking institution, offering both stability and local market knowledge.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Buffalo, OK
What are typical down payment requirements for homes in Buffalo, OK, given the lower average home prices?
Due to Buffalo's affordable market, with median home prices often below $150,000, many buyers can utilize low-down-payment options effectively. Conventional loans with 3% down or FHA loans with 3.5% down are common, making homeownership accessible. Local lenders are familiar with structuring loans for these price points, which can keep closing costs manageable relative to the loan amount.
Are there any local or state-specific first-time homebuyer programs available for Buffalo residents?
Yes, the Oklahoma Housing Finance Agency (OHFA) offers several programs, including down payment assistance and competitive interest rate loans, which are accessible to Buffalo homebuyers. These programs often have income and purchase price limits that are very attainable in Harper County. A local mortgage lender can help you determine if you qualify for OHFA's Gold, Silver, or Mortgage Credit Certificate programs.
How does the rural nature of Buffalo, OK, affect mortgage options and property eligibility?
Many properties in the Buffalo area are eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a major advantage for qualified buyers looking at homes outside the city limits. It's important to have your lender check the specific property's eligibility using the USDA website, as the "rural" designation can vary by address.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Buffalo?
Harper County property taxes are generally low compared to national averages, which helps keep total monthly payments affordable. However, due to the region's exposure to severe weather like tornadoes and hail, homeowners insurance premiums can be a significant factor. Your lender will require proof of insurance, and it's wise to shop around for the best rates, as this cost directly impacts your escrow payment.
Is it difficult to get a mortgage for a manufactured home in Buffalo, OK?
Financing for manufactured homes is common in Buffalo, but specific rules apply. The home must be permanently affixed to a foundation and titled as real estate (not personal property). FHA, VA, and USDA loans can be used for eligible manufactured homes, often requiring a professional inspection. Working with a local lender experienced in this type of financing is crucial for a smooth process.
Why Choose a Mortgage Lender in Buffalo?
Local Market Knowledge
Lenders who understand Buffalo's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Oklahoma.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Buffalo and get competitive rates on your home loan.