The Best Mortgage Lenders in Owasso, OK
Compare verified mortgage lenders serving Owasso, Oklahoma. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Owasso
Featured Mortgage Lenders
Mortgage Department
Arvest Bank
Arvest Bank stands as one of the most established and highly-rated mortgage lenders serving Owasso with a physical branch location in the community. With over 60 years of banking experience, they offer comprehensive mortgage solutions including specialized programs for first-time homebuyers. Their local presence allows for personalized service and deep understanding of the Owasso real estate market. Customers consistently praise their competitive rates, transparent process, and knowledgeable loan officers who provide guidance throughout the entire home buying journey.
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Mortgage Team
Supreme Lending
Supreme Lending has built an exceptional reputation throughout the Tulsa metropolitan area, including strong service to Owasso residents. With nearly 25 years of experience, they combine the resources of a national lender with the personalized attention of a local mortgage broker. Their team specializes in creating custom mortgage solutions for each borrower's unique financial situation. They're particularly noted for their efficient processing, competitive rates, and exceptional customer service that has earned them numerous industry awards and outstanding client reviews.
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Mortgage Services
TTCU Federal Credit Union
TTCU Federal Credit Union has been serving the financial needs of northeast Oklahoma communities including Owasso for over eight decades. As a member-owned financial cooperative, they consistently offer competitive mortgage rates and lower fees than many traditional banks. Their mortgage specialists provide personalized guidance through every step of the home financing process, with particular strength in first-time homebuyer programs and local market expertise. Members appreciate their community-focused approach, transparent pricing, and commitment to finding the right mortgage solution for each individual's needs.
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Frequently Asked Questions
Common questions about mortgage lending in Owasso, OK
Are there any first-time homebuyer assistance programs specific to Owasso, OK?
While there are no city-specific programs, Owasso homebuyers have excellent access to statewide Oklahoma Housing Finance Agency (OHFA) programs. These offer competitive interest rates, down payment assistance, and favorable terms for first-time and qualifying repeat buyers. Many local lenders in Owasso are OHFA-approved and can guide you through these valuable options.
How do property taxes in Owasso affect my mortgage payment and affordability?
Owasso is located in both Tulsa and Rogers counties, with property tax rates that are generally considered moderate for the region. Your lender will calculate an estimated monthly escrow payment for taxes as part of your total mortgage payment. It's wise to factor in this cost early, as it can impact the price range of home you can comfortably afford in Owasso's popular neighborhoods.
What is the typical down payment needed for a conventional loan on an Owasso home?
For conventional loans in Owasso's competitive market, a 5% to 10% down payment is common, though 20% is ideal to avoid private mortgage insurance (PMI). Given the city's steady appreciation and desirable school district, well-qualified buyers can often secure loans with lower down payments, but a stronger offer may include a higher down payment to stand out.
Does Owasso's growth and new construction impact my mortgage options?
Absolutely. Owasso's significant new construction, particularly in areas like the Bailey Ranch and Stone Canyon additions, means many buyers utilize construction-to-permanent loans. These loans combine financing for building and the final mortgage into one package. Local lenders are very familiar with these processes and the specific builders in the area.
How do mortgage rates in Owasso, OK, compare to the national average?
Mortgage rates in Owasso are primarily driven by national economic trends, so they typically align closely with the national average. However, your specific rate will depend heavily on your credit profile, loan type, and lender. Shopping around with local Owasso credit unions, community banks, and national lenders is crucial to find the best available rate for your situation.
Why Choose a Mortgage Lender in Owasso?
Local Market Knowledge
Lenders who understand Owasso'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 Owasso and get competitive rates on your home loan.