The Best Mortgage Lenders in Dewey, OK
Compare verified mortgage lenders serving Dewey, Oklahoma. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Dewey
Featured Mortgage Lenders
Gateway Mortgage Group
Gateway Mortgage Group, LLC
Gateway Mortgage Group is a highly reputable lender with over two decades of experience, consistently earning top ratings for its competitive rates, personalized service, and extensive loan options. Founded in Tulsa, they have a strong regional presence and are known for their efficiency and customer satisfaction in serving Dewey and surrounding areas. Their local expertise and commitment to community lending make them a preferred choice for homebuyers.
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loanDepot
loanDepot, LLC
loanDepot is a nationally recognized mortgage lender praised for its innovative technology and high customer service standards. With a focus on streamlined processes and competitive rates, they offer a wide range of loan products and have a strong track record of serving Oklahoma communities, including Dewey. Their hybrid approach combining online convenience with local support ensures a smooth experience for borrowers.
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New American Funding
New American Funding, LLC
New American Funding is a top-rated lender known for its diverse loan programs and exceptional customer care. With over two decades in business, they have built a reputation for reliability, competitive pricing, and
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Frequently Asked Questions
Common questions about mortgage lending in Dewey, OK
What are the current mortgage rates like in Dewey, OK, and how do they compare to the national average?
Mortgage rates in Dewey typically align closely with national averages, but local lenders may offer competitive rates due to the smaller market and lower cost of living. As of recent trends, rates in Dewey are often slightly favorable compared to larger Oklahoma cities like Tulsa or Oklahoma City. It's advisable to get quotes from both local community banks and credit unions, as they frequently have strong relationships with area borrowers.
Are there any down payment assistance or first-time homebuyer programs specifically available for Dewey residents?
Yes, Dewey homebuyers can access statewide programs like the Oklahoma Housing Finance Agency's (OHFA) "OHFA Advantage" loan, which offers competitive rates and down payment assistance. Additionally, the City of Bartlesville, which Dewey is part of the greater metro area, may have occasional local grants or programs. Working with a lender familiar with these programs is key, as they can help navigate the eligibility requirements which often include income limits and property location stipulations.
How does the appraisal process work in Dewey, given its unique mix of historic homes and newer developments?
Appraisals in Dewey require appraisers with specific knowledge of the local market, which includes valuing well-maintained historic properties in the original townsite alongside newer construction in developments like Silver Lake. Comparable sales ("comps") are drawn from Dewey, Bartlesville, and sometimes surrounding Washington County areas. Unique features like older home foundations or updates can significantly impact value, so using a local lender who works with experienced appraisers is crucial.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Dewey?
Washington County property taxes are a key component, with Dewey's rates being generally moderate compared to the state average. Homeowners insurance in Oklahoma can be higher due to weather risks like tornadoes and hail, so it's wise to budget for this. Your lender will include estimated taxes and insurance in your monthly escrow payment, and getting multiple insurance quotes is recommended to find the best rate for Dewey's specific risk profile.
Are USDA Rural Development loans a viable option for homes in Dewey, OK?
Absolutely. While Dewey itself is a incorporated town, many properties on its outskirts or in the surrounding unincorporated areas of Washington County are eligible for USDA loans, which offer 100% financing. The USDA maps are specific, so a local mortgage officer can quickly determine if a particular property qualifies. This can be an excellent program for eligible buyers looking in the Dewey area, offering a path to homeownership with no down payment.
Why Choose a Mortgage Lender in Dewey?
Local Market Knowledge
Lenders who understand Dewey'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 Dewey and get competitive rates on your home loan.