The Best Mortgage Lenders in Piedmont, OK
Compare verified mortgage lenders serving Piedmont, Oklahoma. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Piedmont
Featured Mortgage Lenders
Mortgage Solutions Financial
Mortgage Solutions Financial
Mortgage Solutions Financial is one of Oklahoma's highest-rated mortgage companies with exceptional customer satisfaction ratings. They specialize in serving the entire Oklahoma City metro area including Piedmont, with a team of experienced loan officers who provide personalized service. Their strong reputation stems from competitive rates, transparent processes, and expertise in all loan types including specialized programs for first-time homebuyers and veterans. The company has maintained excellent BBB ratings and consistently receives praise for their responsive communication and smooth closing processes.
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Chris Rigney
Tower Loan
Tower Loan has been serving Oklahoma communities for decades with a strong local presence and excellent customer service reputation. While primarily known for personal loans, they offer competitive home equity and refinance options that serve Piedmont residents effectively. Their local loan officers have extensive experience with Oklahoma real estate markets and provide personalized service with straightforward terms. The company maintains an A+ BBB rating and is praised for their transparent lending practices and community involvement throughout central Oklahoma.
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MidFirst Bank Mortgage
MidFirst Bank
As Oklahoma's largest privately-owned bank, MidFirst Bank has deep roots in serving communities throughout the state including Piedmont. Their mortgage division offers comprehensive lending solutions with competitive rates and local underwriting expertise. The bank consistently receives high marks for customer service, with experienced loan officers who understand the specific needs of Oklahoma homebuyers. MidFirst maintains strong community relationships and offers a full range of mortgage products with the convenience of local decision-making and personalized service throughout the loan process.
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Frequently Asked Questions
Common questions about mortgage lending in Piedmont, OK
What are the current mortgage rates like in Piedmont, OK, and how do they compare to the national average?
Mortgage rates in Piedmont 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 for a 30-year fixed mortgage in the Oklahoma City metro area, which includes Piedmont, often run slightly below the national average, providing a small advantage for local buyers. It's always best to get quotes from both local credit unions and national lenders for the best deal.
Are there any down payment assistance programs specifically for buyers in Piedmont, OK?
Yes, Piedmont homebuyers can access the Oklahoma Housing Finance Agency's (OHFA) statewide programs, which offer competitive mortgage rates and down payment assistance for eligible borrowers. Additionally, local lenders familiar with Piedmont's market may offer special first-time homebuyer programs or grants. These programs are particularly valuable given Piedmont's growing market, helping to manage upfront costs.
How does Piedmont's rapid growth and new construction affect the mortgage process?
Piedmont's expansion with new subdivisions means many buyers are financing new construction. This often requires a construction-to-permanent loan, which has different underwriting standards than a standard mortgage. It's crucial to work with a lender experienced in new builds, as they will understand builder requirements, inspection timelines, and how to handle the two-phase loan process common in Piedmont.
What property types are most common in Piedmont, and does that impact loan options?
Piedmont primarily features single-family detached homes, often on larger lots, which are well-suited for conventional, FHA, and VA loans. Given the rural character of parts of the community, some properties may be eligible for USDA Rural Development loans, which offer 100% financing—a significant benefit for eligible buyers in designated areas on the outskirts of town.
Are property taxes and insurance in Piedmont factored differently by mortgage lenders?
Yes, lenders carefully account for Piedmont's property taxes and homeowners insurance when calculating your debt-to-income ratio. Canadian County property taxes are a key component, and lenders will use the area's typical insurance costs, which can be influenced by Oklahoma's weather risks. It's advisable to get accurate insurance quotes early in the process to ensure your estimated monthly payment is correct.
Why Choose a Mortgage Lender in Piedmont?
Local Market Knowledge
Lenders who understand Piedmont'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 Piedmont and get competitive rates on your home loan.