The Best Mortgage Lenders in Claremore, OK
Compare verified mortgage lenders serving Claremore, Oklahoma. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Claremore
Featured Mortgage Lenders
Ryan Hays
Gateway Mortgage Group
Gateway Mortgage Group has deep roots in Oklahoma and Ryan Hays specifically serves the Claremore community with exceptional expertise. With nearly two decades of experience, this local branch maintains a stellar 4.9-star rating across multiple review platforms. They're particularly praised for their personalized service, competitive rates, and expertise with various loan programs including VA loans important for the local military community. The company's long-standing presence since 2000 and strong community involvement make them a trusted choice for Claremore homebuyers.
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Arvest Mortgage
Arvest Bank
Arvest Bank has been serving Oklahoma communities for over 60 years with a physical branch located right in Claremore. Their mortgage department maintains a strong 4.7-star rating with hundreds of positive reviews highlighting their local decision-making power and competitive rates. As a community-focused bank, they offer personalized service with local loan processors and underwriters, which streamlines the mortgage process. Their extensive experience with rural development loans and construction lending makes them ideal for the Claremore area's diverse housing needs.
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Todd Nelson
MidFirst Bank
While based in Tulsa, MidFirst Bank has a strong presence throughout northeastern Oklahoma and actively serves Claremore homebuyers. Todd Nelson brings 25 years of mortgage expertise and maintains exceptional customer satisfaction ratings. MidFirst, founded in 1982, is one of the largest privately-owned banks in the nation and is particularly noted for their competitive jumbo loan products and construction lending expertise. Their local processing team and responsive service have earned them consistent high marks from Claremore area borrowers who appreciate both their competitive rates and personalized attention.
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Frequently Asked Questions
Common questions about mortgage lending in Claremore, OK
Are there any special mortgage programs for first-time homebuyers in Claremore, OK?
Yes, the Oklahoma Housing Finance Agency (OHFA) offers several programs, including down payment assistance and competitive interest rate loans, which are widely used by Claremore buyers. Additionally, some local lenders may have specific first-time buyer products or grants tailored to Rogers County. It's advisable to work with a lender familiar with these state and local resources to maximize your benefits.
How do property taxes in Rogers County affect my mortgage payments in Claremore?
Rogers County property taxes are relatively moderate compared to national averages, which helps keep your total monthly mortgage payment affordable. The current effective tax rate is approximately 0.85% to 0.95% of assessed value. Your lender will calculate an estimated monthly escrow payment for these taxes, which is a critical part of your payment calculation in this market.
What is the typical down payment needed for a home in Claremore's market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many Claremore buyers successfully utilize FHA loans with as little as 3.5% down or conventional loans with 3% down. Given the area's median home price (around $250,000), local lenders often see down payments in the 5-10% range, especially with the use of OHFA assistance programs.
Are USDA rural housing loans available for homes in Claremore, Oklahoma?
Yes, Claremore and much of Rogers County are eligible for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment). This is a significant advantage for qualified buyers looking in specific areas just outside the denser city center, making homeownership more accessible. A local mortgage officer can help determine if a specific property address qualifies.
How does Claremore's growing market impact the mortgage appraisal process?
Claremore's steady growth and competitive market can sometimes lead to appraisal challenges, especially if comparable sales ("comps") are limited for unique properties. It's crucial for your lender to use an appraiser with extensive local knowledge of Rogers County neighborhoods to ensure the valuation accurately reflects the home's worth and supports your loan approval.
Why Choose a Mortgage Lender in Claremore?
Local Market Knowledge
Lenders who understand Claremore'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 Claremore and get competitive rates on your home loan.