The Best Mortgage Lenders in Custer City, OK
Compare verified mortgage lenders serving Custer City, Oklahoma. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Custer City
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly rated lender known for its exceptional customer service, competitive rates, and extensive loan options. With over 28 years in business, they have a strong regional presence in Oklahoma, including service to Custer City, and are praised for their efficient processing and personalized support, making them a top choice for homebuyers seeking reliability and expertise.
Loan Types:
New American Funding
New American Funding
New American Funding is a top-rated mortgage lender with a reputation for excellent customer satisfaction and competitive rates. Founded in 2003, they offer a wide range of loan products and are known for their personalized service and commitment to diverse lending solutions. They actively serve Custer City and surrounding areas, with high review counts reflecting their reliability and community trust.
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Gateway Mortgage Group
Gateway Mortgage Group, LLC
Gateway Mortgage Group, founded in Oklahoma, has deep roots in the state and is celebrated for its community-focused approach and high customer service ratings. With 24 years of experience, they provide a variety of loan options and are known for their dependable and expert service. They serve clients across Oklahoma, including Custer City, with a strong track record of satisfaction and competitive offerings.
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Frequently Asked Questions
Common questions about mortgage lending in Custer City, OK
What are typical down payment requirements for homes in Custer City, given the local market?
In Custer City's affordable market, many conventional loans require a minimum of 5% down, but you may qualify for USDA Rural Development loans which offer 0% down payment options, as the area is eligible. FHA loans with 3.5% down are also common, especially for first-time buyers looking at the city's more moderately priced homes.
Are there any local or state-specific first-time homebuyer programs available in Custer City, OK?
Yes, the Oklahoma Housing Finance Agency (OHFA) offers several programs, including down payment assistance and competitive fixed-rate mortgages, which are accessible to buyers in Custer City. These programs often have income limits and require homebuyer education, making them a valuable resource for qualifying residents.
How do property taxes in Custer County impact my monthly mortgage payment?
Custer County has relatively low property tax rates compared to national averages, which helps keep escrow payments manageable. Your lender will estimate these taxes (along with homeowner's insurance) to calculate your total monthly PITI payment, but the overall burden is often a positive factor for affordability in this area.
What type of property insurance considerations are unique to getting a mortgage in Custer City, OK?
Due to Oklahoma's severe weather risks, particularly tornadoes and high winds, lenders will require robust homeowner's insurance that includes wind/hail coverage. This can sometimes be more costly or have higher deductibles than in other regions, which is a critical factor in your overall housing budget.
How does the appraisal process work for a rural property on the outskirts of Custer City?
Appraising rural properties can be more complex due to fewer comparable sales ("comps"). Lenders will use an appraiser familiar with Custer County who will evaluate land value, well/septic systems (if municipal services aren't available), and outbuildings, which can influence the final valuation and loan amount.
Why Choose a Mortgage Lender in Custer City?
Local Market Knowledge
Lenders who understand Custer City'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 Custer City and get competitive rates on your home loan.