The Best Mortgage Lenders in Slick, OK
Compare verified mortgage lenders serving Slick, Oklahoma. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Slick
Featured Mortgage Lenders
Mortgage Department
Tulsa Federal Credit Union
Tulsa Federal Credit Union is one of Oklahoma's most trusted financial institutions with over eight decades of service. While based in Tulsa, they serve members throughout Creek County and the greater Tulsa metropolitan area, including Slick. They offer highly competitive mortgage rates for members, exceptional customer service with local decision-making, and a wide variety of loan programs. Their mortgage team provides personalized guidance through the entire home buying process with a reputation for transparency and reliability.
Loan Types:
Mortgage Team
Foundation Mortgage
Foundation Mortgage has built an outstanding reputation as a premier mortgage broker serving Creek County and the greater Tulsa region. They specialize in finding the best loan options for buyers in smaller communities like Slick, with particular expertise in rural and suburban properties. Their team of experienced loan officers provides personalized service with quick turnaround times and competitive rates from multiple lenders. They're particularly noted for their expertise with USDA rural development loans and first-time homebuyer programs.
Loan Types:
Oklahoma Mortgage Division
Guild Mortgage
Guild Mortgage is a nationally recognized lender with a strong local presence in Oklahoma, serving communities throughout Creek County including Slick. With over six decades of experience, they offer a comprehensive range of mortgage products with the advantage of local processing and underwriting. Their Tulsa office has consistently high customer satisfaction ratings for their knowledgeable staff, competitive rates, and ability to handle unique property situations common in rural Oklahoma communities. They're particularly strong with government-backed loans and renovation financing.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Slick, OK
What are the current mortgage rates like in Slick, OK, and how do they compare to the state average?
Mortgage rates in Slick typically align closely with the Oklahoma state average, as it's a smaller, rural community. As of recent trends, rates may be slightly higher than in major metro areas like Tulsa or Oklahoma City due to a smaller pool of local lenders. It's wise to compare offers from regional banks, credit unions, and online lenders to secure the best rate for your Slick property.
Are there any down payment assistance programs specifically for buyers in Slick or Creek County?
Yes, homebuyers in Slick can access the Oklahoma Housing Finance Agency's (OHFA) down payment assistance programs, which are available statewide. These include the OHFA 4% Advantage program, which offers a low-interest mortgage paired with a down payment assistance grant or loan. Creek County may also have local grants; checking with the Creek County Economic Development Authority is recommended.
How does the appraisal process work for unique or rural properties in Slick?
Appraising rural properties in Slick can be challenging due to fewer comparable sales ("comps"). Lenders often require appraisers familiar with the area who can properly value land, outbuildings, and well/septic systems. This process might take longer and could sometimes result in a valuation different from the contract price, so it's important to work with a lender experienced in rural Oklahoma mortgages.
What should I know about property taxes and insurance when getting a mortgage in Slick?
Creek County property taxes are relatively low compared to national averages, which can help with overall mortgage affordability. However, due to Slick's rural location and exposure to severe weather like tornadoes, homeowners insurance premiums can be higher. Your lender will require escrow for both, so factor in potentially higher insurance costs when calculating your total monthly payment.
Are USDA loans a common and good option for buying a home in Slick, Oklahoma?
Absolutely. Given Slick's rural designation, many homes and buyers qualify for USDA Rural Development loans, which offer 100% financing (no down payment). This is one of the most popular mortgage programs in the area due to its favorable terms for eligible borrowers with moderate incomes, making homeownership more accessible in this community.
Why Choose a Mortgage Lender in Slick?
Local Market Knowledge
Lenders who understand Slick'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 Slick and get competitive rates on your home loan.