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Salina, OK

The Best Mortgage Lenders in Salina, OK

Compare verified mortgage lenders serving Salina, Oklahoma. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
730+
Reviews
7
Loan Types

Available Loan Programs in Salina

Conventional
FHA
VA
USDA
Jumbo
Refinance
Reverse Mortgages

Featured Mortgage Lenders

1

Gateway First Bank

Gateway First Bank

★★★★☆
4.7/5

Gateway First Bank is a top-rated mortgage lender headquartered in Jenks, Oklahoma, with a strong regional presence that serves Salina and surrounding areas. Founded in 2000, they are known for their competitive rates, personalized service, and extensive loan options, including government-backed programs. Their high customer satisfaction ratings stem from efficient processing, local expertise, and a commitment to the Oklahoma community, making them a trusted choice for homebuyers in Mayes County.

Experience:24 years
Reviews:180 customer reviews
9101 S. Western Ave, Jenks, OK 74037

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

loanDepot

loanDepot, LLC

★★★★☆
4.5/5

loanDepot is a nationally recognized mortgage lender with a strong presence in Oklahoma, including service to Salina. Founded in 2010, they offer a streamlined digital application process combined with local support from their Oklahoma City office. They are praised for competitive rates, fast closings, and a wide range of loan products. Their high review counts and ratings reflect reliability and excellent customer service, making them a popular choice for both first-time and experienced homebuyers in the region.

Experience:14 years
Reviews:300 customer reviews
123 NW 4th St, Oklahoma City, OK 73102

Loan Types:

ConventionalFHAVAUSDARefinanceJumbo
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3

New American Funding

New American Funding

★★★★☆
4.8/5

New American Funding is a highly-rated mortgage lender with a branch in Tulsa that actively serves Salina and northeastern Oklahoma. Established in 2003, they specialize in diverse loan options and have a reputation for exceptional customer service, including support for underserved communities. Their high ratings are driven by transparent processes, competitive rates, and a focus on building long-term client relationships. With over two decades of experience, they are a reliable option for home financing in the area.

Experience:21 years
Reviews:250 customer reviews
7171 S. Yale Ave, Tulsa, OK 74136

Loan Types:

ConventionalFHAVAJumboReverse MortgagesRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Salina, OK

Are there any special mortgage programs for first-time homebuyers in Salina, OK?

Yes, Salina homebuyers can access the Oklahoma Housing Finance Agency's (OHFA) programs, which offer competitive interest rates, down payment assistance, and favorable terms for first-time buyers. These programs are particularly valuable in Salina's affordable market, helping to reduce upfront costs. It's also wise to check with local lenders like RCB Bank or BancFirst for any additional community-specific offerings.

How does Salina's rural location and proximity to Lake Hudson affect the mortgage process?

Salina's rural designation can make USDA Rural Development loans a popular and attractive option, as they offer 100% financing with no down payment for eligible borrowers and properties. Furthermore, properties near Lake Hudson may require additional scrutiny for flood insurance, which can be a mandatory condition for your mortgage if the home is in a designated flood zone.

What are typical closing costs for a mortgage in Salina compared to the state average?

Closing costs in Salina are generally at or slightly below the Oklahoma average, which is around 1.5% to 3% of the home's purchase price. Due to the lower median home price in Mayes County, the dollar amount is often very manageable. Always request a detailed Loan Estimate from your lender to understand specific fees, including title insurance and local recording charges.

What should I know about property taxes and insurance when budgeting for a mortgage in Salina?

Property taxes in Mayes County and Salina are relatively low, which helps keep total monthly mortgage payments affordable. However, due to Oklahoma's weather, lenders will require you to escrow for homeowners insurance, which can be higher than national averages to cover risks like wind, hail, and tornadoes. Factoring this into your budget is crucial.

How does the appraisal process work for a home in a small town like Salina, OK?

Appraisals in Salina can present challenges due to fewer recent comparable sales ("comps") than in urban areas. An appraiser may need to look at sales in nearby towns like Pryor or Claremore. To support the value, be prepared to provide information on unique property features, especially for homes with acreage or lake access, which are common in the area.

Mortgage Insights

Finding Your Guide: Why a Local FHA Loan Officer is Key to Buying a Home in Salina, OK

If you're dreaming of owning a home in the beautiful hills and along the shores of Lake Hudson near Salina, Oklahoma, you're likely exploring financing options. For many first-time and repeat buyers in our area, an FHA loan is a fantastic path to homeownership with its lower down payment and more flexible credit requirements. But the real secret to success isn't just the loan program—it's finding the right local FHA loan officer to guide you.

Why does "local" matter so much in Salina? Because the housing market here has its own unique rhythm and inventory. A loan officer based in or deeply familiar with Mayes County and the Grand Lake region understands property types common here, from charming fixer-uppers in town to rural properties outside city limits. They know how appraisers in our area evaluate homes, which is a critical part of the FHA process due to the program's specific property condition requirements. They can give you realistic advice on what your FHA loan can truly afford in the current Salina market, helping you shop with confidence.

Your search for an "FHA loan officer near me" should focus on professionals with proven Oklahoma experience. Start by asking for referrals from local real estate agents who regularly work with FHA buyers. These agents know which loan officers efficiently navigate the process, avoiding delays that could cause you to miss out on a home in our competitive market. When you speak to a potential loan officer, ask them directly: "How many FHA loans have you closed for buyers in Mayes County or the Grand Lake area in the last year?" Their answer will tell you a lot.

There are also Oklahoma-specific programs that a knowledgeable local officer can help you layer with your FHA loan. For example, the Oklahoma Housing Finance Agency (OHFA) offers down payment assistance grants and affordable first mortgages that can sometimes be combined with FHA financing for eligible buyers. A loan officer who works statewide will be your best resource to see if you qualify for these extra benefits, potentially making your Salina home purchase even more affordable.

Here’s your actionable plan: Don't just search online; make three local phone calls. First, call a respected real estate agency in Salina or Pryor and ask for a recommendation. Second, contact your local community bank or credit union, as they often have loan officers with deep community ties. Third, verify that any officer you consider is approved to work in Oklahoma and has strong reviews. A great local FHA loan officer will become your partner, helping you understand everything from how the lake proximity might affect insurance to ensuring your chosen home meets FHA standards. In a town like Salina, that local expertise isn't just helpful—it's essential for turning your key in the front door of your new home.

Nearby Cities

Explore mortgage lenders in cities near Salina, OK

Why Choose a Mortgage Lender in Salina?

Local Market Knowledge

Lenders who understand Salina'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 Salina and get competitive rates on your home loan.