The Best Mortgage Lenders in Burbank, OK
Compare verified mortgage lenders serving Burbank, Oklahoma. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Burbank
Featured Mortgage Lenders
Arvest Bank Mortgage
Arvest Bank
Arvest Bank is one of the most established and highly-rated regional lenders serving the Burbank area through their nearby Ponca City branch. With over 60 years of banking experience, they offer comprehensive mortgage services including specialized rural and agricultural lending options perfect for Burbank residents. Their strong local presence and commitment to community banking make them a top choice, with exceptional customer service ratings and competitive rates for both purchase and refinance loans throughout north-central Oklahoma.
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Mortgage Solutions Financial
Mortgage Solutions Financial
Mortgage Solutions Financial is a highly specialized mortgage brokerage serving rural Oklahoma communities including Burbank. With over 20 years of experience, they excel in USDA rural development loans and FHA financing, making them particularly well-suited for the Burbank market. Their team has extensive knowledge of local property values and rural lending requirements, earning them exceptional customer satisfaction ratings. They're known for personalized service and helping clients navigate the unique aspects of rural property financing.
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Gateway Mortgage Group
Gateway First Bank
Gateway First Bank (formerly Gateway Mortgage Group) is an Oklahoma-based mortgage lender with strong statewide presence and expertise in serving rural communities like Burbank. Founded in Jenks, Oklahoma, they have deep roots in the state and understand the unique needs of Oklahoma homebuyers. They offer a comprehensive range of loan products with particularly strong USDA and VA loan programs. Their local processing and underwriting teams provide faster turnaround times, and their extensive experience with rural properties makes them an excellent choice for Burbank residents.
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Frequently Asked Questions
Common questions about mortgage lending in Burbank, OK
Are there any special mortgage programs for first-time homebuyers in Burbank, OK?
Yes, the Oklahoma Housing Finance Agency (OHFA) offers several programs, including down payment assistance and competitive interest rates, which are available to eligible buyers in Burbank. These programs are particularly valuable given the area's median home prices, helping to make homeownership more accessible with lower upfront costs.
How do property taxes in Burbank, OK, affect my monthly mortgage payment?
Property taxes in Burbank are relatively low compared to national averages, as Kay County has moderate rates. Your lender will estimate these taxes for escrow, but consulting the Kay County Assessor's office for precise rates on a specific property is wise, as it directly impacts your PITI (Principal, Interest, Taxes, Insurance) payment.
What is the typical down payment needed for a home in Burbank's market?
While 20% down is standard to avoid PMI, many buyers in Burbank utilize FHA loans with down payments as low as 3.5% or USDA loans (which offer 0% down) since the area is eligible for USDA rural housing loans. Local lenders are familiar with these options given the town's rural character and price points.
Are interest rates in Burbank, OK, different from the national average?
Mortgage interest rates are primarily set by national markets, so Burbank rates align closely with national averages. However, your specific rate can be influenced by local lender competition and your chosen loan program, such as an OHFA or USDA loan, which may offer special discounted rates for qualified buyers.
What should I know about getting a mortgage for a rural property or land just outside Burbank?
Financing land or a rural property often requires a different loan product, like a USDA construction loan or a conventional land loan. Local lenders and community banks in Kay County have expertise in agricultural and rural property lending, which is crucial for navigating appraisals and requirements for properties with wells, septic systems, or acreage.
Why Choose a Mortgage Lender in Burbank?
Local Market Knowledge
Lenders who understand Burbank'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 Burbank and get competitive rates on your home loan.