The Best Mortgage Lenders in Felt, OK
Compare verified mortgage lenders serving Felt, Oklahoma. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Felt
Featured Mortgage Lenders
New American Funding
New American Funding
New American Funding is a top-rated mortgage lender known for its exceptional customer service and competitive rates, serving rural and urban areas across Oklahoma, including Felt. With over two decades of experience, they specialize in a wide range of loan products and have a strong reputation for helping first-time homebuyers and those in underserved communities. Their high ratings and substantial review count reflect consistent customer satisfaction and reliability in the mortgage industry.
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Guaranteed Rate
Guaranteed Rate
Guaranteed Rate is a highly reputable mortgage lender with a strong presence in Oklahoma, offering innovative digital tools and personalized service for clients in Felt and surrounding areas. Founded in 2000, they have built a track record of providing competitive rates and efficient loan processing, backed by thousands of positive reviews. Their expertise in various loan types and commitment to customer education make them a preferred choice for homebuyers seeking reliability and transparency.
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Supreme Lending
Supreme Lending
Supreme Lending is an established mortgage company with deep roots in Oklahoma, known for its personalized approach and extensive loan options tailored to clients in Felt and rural communities. With 25 years of experience, they excel in providing flexible financing solutions and have a reputation for excellent customer service and local market knowledge. Their high rating and substantial review count underscore their ability to deliver smooth, stress-free mortgage experiences.
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Frequently Asked Questions
Common questions about mortgage lending in Felt, OK
What are the typical down payment requirements for buying a home in Felt, OK, given its rural market?
In Felt's affordable market, many conventional loans are available with down payments as low as 3-5%. For eligible buyers, USDA Rural Development loans are a popular choice as they offer 100% financing with no down payment, which is ideal for this designated rural area. Local lenders are very familiar with these programs.
Are there any local or state-specific first-time homebuyer programs that can help with purchasing a home in Felt?
Yes, the Oklahoma Housing Finance Agency (OHFA) offers several programs, including down payment assistance grants and affordable first mortgages with competitive rates, which are accessible to Felt residents. These programs often have income and purchase price limits that are very attainable for the Felt market, making homeownership more accessible.
How does the property type common in Felt, like land-with-home packages, affect the mortgage process?
Purchasing a home on acreage is common in Felt. Lenders will require a detailed appraisal that considers the value of both the home and the land, which can differ from a standard suburban appraisal. It's crucial to work with a lender experienced in rural properties to ensure the land value is properly accounted for in the loan.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Felt?
Cimarron County, where Felt is located, has relatively low property tax rates compared to national averages, which helps keep escrow payments manageable. However, due to the rural location and potential for severe weather, you should budget for potentially higher homeowners insurance premiums, which will be included in your monthly mortgage payment.
Is it difficult to get a mortgage for a manufactured home in Felt, OK?
While financing for manufactured homes can be more complex, it is certainly available in Felt. The home must be permanently affixed to a foundation and meet HUD title standards. Local lenders and credit unions often have the most experience with these types of loans, and FHA and USDA programs can also be viable options for qualified buyers.
Why Choose a Mortgage Lender in Felt?
Local Market Knowledge
Lenders who understand Felt'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 Felt and get competitive rates on your home loan.