The Best Mortgage Lenders in Durant, OK
Compare verified mortgage lenders serving Durant, Oklahoma. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Durant
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong presence in Oklahoma, serving Durant through local loan officers and online services. Founded in 2000, it is known for competitive rates, streamlined digital processes, and exceptional customer service. With thousands of positive reviews highlighting fast closings and personalized support, it excels in various loan types, including first-time homebuyer programs. Its commitment to technology and customer satisfaction makes it a reliable choice for Durant residents seeking efficient and transparent mortgage solutions.
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Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly reputable lender with deep roots in Oklahoma, providing extensive mortgage services to Durant and surrounding areas. Established in 1996, it boasts a 4.8 rating from hundreds of reviews praising its knowledgeable loan officers, competitive rates, and seamless loan processing. Specializing in a wide range of loan options, including government-backed programs, Fairway is celebrated for its community involvement and personalized customer care, making it a trusted partner for homebuyers in Bryan County.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a strong regional focus, offering reliable mortgage services to Durant residents. Founded in 2008, it has built a solid reputation for its quick turnaround times, competitive pricing, and dedication to customer satisfaction. With a 4.6 rating from numerous reviews, customers highlight its responsive communication and expertise in various loan products. Movement's commitment to community support and efficient processes makes it an excellent option for those in Durant seeking a stress-free home financing experience.
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Frequently Asked Questions
Common questions about mortgage lending in Durant, OK
What are the current mortgage rates like in Durant, OK, and how do they compare to the national average?
Mortgage rates in Durant typically align closely with national averages, but local lenders may offer competitive rates due to the community-focused banking environment. As of recent trends, rates in Durant can be slightly more favorable than in larger Oklahoma metros like Oklahoma City, often due to lower overall risk and operating costs for local banks and credit unions. It's always wise to compare offers from local institutions like First United Bank or Landmark Bank alongside national lenders.
Are there any down payment assistance or first-time homebuyer programs specifically available for Durant residents?
Yes, Durant homebuyers can access the Oklahoma Housing Finance Agency's (OHFA) programs, which offer competitive interest rates and down payment assistance to eligible first-time and repeat buyers. Additionally, the City of Durant itself may occasionally offer local incentives for targeted development areas. Working with a local lender familiar with OHFA guidelines is crucial, as they can help navigate the income and purchase price limits that apply in Bryan County.
How does the presence of Southeastern Oklahoma State University impact the mortgage and housing market in Durant?
Southeastern Oklahoma State University creates a stable demand for rental properties and smaller starter homes, which can be a good investment opportunity. For mortgage lenders, financing properties near the university may involve specific appraisal considerations regarding consistent rental income potential. Furthermore, university employees may have access to special mortgage programs or credit union membership, such as through Oklahoma Central Credit Union, which serves educational employees.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Durant?
Bryan County property taxes are relatively low compared to national averages, which helps keep overall housing costs affordable. However, it's important to factor in homeowners insurance, which can be higher in Oklahoma due to weather risks like tornadoes and hail. Your mortgage lender will include both in your escrow payment calculation, and shopping for a good insurance quote is a key step in the homebuying process in Durant.
Are USDA Rural Development loans a viable option for buying a home in Durant, Oklahoma?
Absolutely. Much of the area surrounding and including Durant is eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a popular and advantageous program for qualified buyers in Durant, as it helps overcome the down payment barrier. A local mortgage officer can confirm the specific property eligibility using the USDA's online map and guide you through the income qualification process.
Why Choose a Mortgage Lender in Durant?
Local Market Knowledge
Lenders who understand Durant'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 Durant and get competitive rates on your home loan.