The Best Mortgage Lenders in Dewar, OK
Compare verified mortgage lenders serving Dewar, Oklahoma. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Dewar
Featured Mortgage Lenders
Gateway Mortgage Group
Gateway Mortgage Group, LLC
Gateway Mortgage Group is a top-rated lender headquartered in Tulsa, Oklahoma, with a strong regional presence serving Dewar and surrounding areas. Founded in 2000, they are known for their personalized service, competitive rates, and extensive experience with rural and suburban home loans. They excel in FHA and VA loans, making them a great choice for first-time homebuyers and veterans. With high customer satisfaction ratings and a commitment to local communities, they offer a seamless mortgage process from application to closing.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a strong local presence in Oklahoma, including service to Dewar. Founded in 2008, they are praised for their fast closing times, competitive rates, and exceptional customer service. They specialize in a wide range of loan types and have a dedicated team for rural housing loans, which is ideal for areas like Dewar. Their high ratings and numerous positive reviews highlight their reliability and focus on making homeownership accessible.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly reputable lender with decades of experience and a strong track record in Oklahoma, including Dewar. Founded in 1996, they are known for their competitive rates, extensive loan options, and outstanding customer support. They have consistently high ratings for their efficient processing and expertise in USDA and VA loans, which are popular in rural communities. Their local presence and commitment to education and service make them a trusted choice for homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Dewar, OK
What are the typical down payment requirements for homes in Dewar, OK, given the local market?
In Dewar's affordable market, many conventional loans require a 3-5% down payment, but local lenders often work with buyers who can put down as little as 3.5% for an FHA loan. For the area's median home price, this can mean an initial investment of just $5,000-$10,000, making homeownership very accessible here.
Are there any local or state-specific first-time homebuyer programs beneficial for Dewar residents?
Yes, the Oklahoma Housing Finance Agency (OHFA) offers several programs, including down payment assistance and competitive interest rates for first-time buyers, which are widely accessible in Dewar. These programs can be combined with OHFA's "Homebuyer Down Payment Assistance" grant, which provides up to 3.5% of the loan amount as a non-repayable gift.
How does the lack of a large local banking presence in Dewar affect my mortgage options?
While Dewar has limited local bank branches, residents commonly work with lenders and credit unions from nearby Okmulgee, Henryetta, or Tulsa who are very familiar with the local property market. Many also successfully use reputable online lenders, as the straightforward property values and titles in the area make the process smooth for remote underwriting.
What should I know about property taxes and insurance when calculating my mortgage payment in Dewar?
Okmulgee County property taxes are relatively low, a key advantage in Dewar. Homeowners insurance, however, should be carefully estimated as it can vary based on the age and condition of homes common in the area. Your lender will use precise local tax rates and can help you get accurate insurance quotes to ensure your escrow payment is correct.
Are USDA Rural Development loans a viable option for buying a home in Dewar, OK?
Absolutely. Dewar's designation as a rural area makes most properties eligible for USDA loans, which offer 100% financing (no down payment). This is one of the most popular and advantageous loan programs in the area, given the town's population and location, significantly reducing the upfront cost to buyers.
Why Choose a Mortgage Lender in Dewar?
Local Market Knowledge
Lenders who understand Dewar'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 Dewar and get competitive rates on your home loan.