The Best Mortgage Lenders in Depew, OK
Compare verified mortgage lenders serving Depew, Oklahoma. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Depew
Featured Mortgage Lenders
TTCU Federal Credit Union
TTCU The Credit Union
TTCU Federal Credit Union is one of Oklahoma's most trusted mortgage lenders with an exceptional reputation for customer service and competitive rates. While based in Tulsa, they serve members statewide including Depew, OK, offering comprehensive mortgage solutions with personalized guidance. Their experienced loan officers specialize in rural and suburban property financing, with particular expertise in USDA loans that benefit Depew homebuyers. With 85 years of operation and consistently high customer satisfaction ratings, TTCU provides both digital convenience and local expertise.
Loan Types:
Arvest Bank
Arvest Bank Mortgage
Arvest Bank has been a cornerstone of Oklahoma mortgage lending for over six decades, with a strong regional presence that serves Depew and surrounding communities. They offer competitive rates and a wide variety of loan programs, including specialized options for rural properties. Their mortgage team provides personalized service with local decision-making authority, and they have particular expertise in helping buyers navigate the unique aspects of rural Oklahoma real estate. Arvest consistently receives high marks for their responsive customer service and streamlined application process.
Loan Types:
Gateway Mortgage Group
Gateway First Bank
Gateway First Bank (formerly Gateway Mortgage Group) is an Oklahoma-grown mortgage lender that has expanded nationally while maintaining strong roots in the state. Headquartered in Jenks with multiple Oklahoma locations, they have extensive experience serving rural communities like Depew. Gateway offers competitive rates and a comprehensive suite of mortgage products, with particular strength in digital mortgage solutions that benefit borrowers in smaller communities. Their local loan officers understand the specific needs and challenges of Oklahoma homebuyers, providing personalized service backed by strong customer satisfaction ratings.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Depew, OK
What are the typical down payment requirements for homes in Depew, OK, given its rural market?
In Depew's affordable market, many conventional loans require a 3-5% down payment, but local lenders often work with USDA Rural Development loans, which offer 0% down payment options for eligible buyers and properties. This is a key advantage for purchasing in this area, as most of Depew qualifies for this USDA program due to its population and location.
Are there any local or state-specific first-time homebuyer programs beneficial for Depew residents?
Yes, the Oklahoma Housing Finance Agency (OHFA) offers several programs, including down payment assistance and competitive fixed-rate mortgages, which are accessible to Depew buyers. These programs often have income and purchase price limits that are very attainable for the Depew market, making homeownership more accessible for qualifying first-time buyers.
How do property taxes in Creek County affect my monthly mortgage payment in Depew?
Creek County, where Depew is located, has relatively low property tax rates compared to national averages. Lenders will escrow for these taxes, and your monthly payment will include this cost, but it is typically a smaller burden than in urban Oklahoma counties. It's wise to get a precise quote during your home search, as rates can vary slightly.
What type of property insurance considerations are unique to getting a mortgage in Depew, OK?
Due to Oklahoma's severe weather, lenders will require comprehensive homeowners insurance that includes wind and hail coverage. Given Depew's rural setting, some lenders may also recommend or require a separate flood determination, even if you're not in a high-risk zone, to ensure the property is protected.
How does the appraisal process work for a mortgage on Depew's older or unique rural properties?
Appraising older or non-standard homes in a small rural market like Depew can be challenging due to fewer comparable sales ("comps"). It's crucial to work with a lender experienced in rural Oklahoma who can engage an appraiser familiar with the area to ensure a fair valuation that meets underwriting guidelines.
Why Choose a Mortgage Lender in Depew?
Local Market Knowledge
Lenders who understand Depew'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 Depew and get competitive rates on your home loan.