The Best Mortgage Lenders in Tulsa, OK
Compare verified mortgage lenders serving Tulsa, Oklahoma. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Tulsa
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly-rated lender with a strong local presence in Tulsa, known for its exceptional customer service, competitive rates, and efficient loan processing. They have built a reputation for personalized guidance and a wide range of mortgage products, supported by numerous positive reviews highlighting their reliability and community involvement. Their long-standing experience since 1996 ensures deep expertise in serving Tulsa homebuyers.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender serving the Tulsa area with a focus on innovative technology and community commitment. They offer a variety of loan options and are praised for quick closings, transparent processes, and excellent customer support. Founded in 2008, they have grown to become a trusted choice in Oklahoma, with strong ratings reflecting their dedication to homeowner satisfaction and local service.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a leading digital mortgage lender with a strong regional presence in Oklahoma, including Tulsa. Known for competitive rates, a streamlined online application, and transparency, they have earned high customer ratings for efficiency and reliability. Founded in 2000, their extensive experience and focus on technology make them a top choice for homebuyers seeking a modern and responsive lending experience.
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Frequently Asked Questions
Common questions about mortgage lending in Tulsa, OK
Are there any special first-time homebuyer programs available in Tulsa, OK?
Yes, the Oklahoma Housing Finance Agency (OHFA) offers several programs for Tulsa homebuyers, including down payment assistance grants and affordable fixed-rate mortgages with competitive interest rates. Additionally, the City of Tulsa itself occasionally administers local grant programs for homebuyers in targeted neighborhoods, so it's worth checking with local lenders about city-specific opportunities.
How do Tulsa's property taxes affect my mortgage payments and qualification?
Tulsa County has relatively low property tax rates compared to national averages, which is a significant advantage for mortgage affordability. When calculating your debt-to-income ratio, lenders will use the estimated annual tax amount, which is often more manageable here. However, rates can vary slightly between specific school districts within the Tulsa metro area, so your lender will verify the exact rate for your chosen property.
What is a typical down payment needed for a home in Tulsa's current market?
While 20% down avoids private mortgage insurance (PMI), many Tulsa buyers successfully utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially given the area's median home price. For the many affordable homes in Tulsa under $250,000, a lower down payment is often very feasible, but a stronger down payment can help in competitive suburban neighborhoods like Broken Arrow or Jenks.
Does Tulsa's history of severe weather impact the mortgage process, particularly regarding insurance?
Yes, it significantly impacts homeowners insurance, which is required by lenders. Due to Oklahoma's high risk for tornadoes and hail, insurance premiums in Tulsa can be higher than the national average. Your lender will require proof of adequate coverage, and this insurance cost will be included in your monthly escrow payment, directly affecting your total monthly mortgage obligation.
Are USDA loans a viable option for homebuyers in the Tulsa area?
Absolutely. Much of the outlying area around Tulsa, including parts of Wagoner, Rogers, and Creek counties, is eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This can be an excellent option for buyers looking at suburbs or more rural communities while still having easy access to the Tulsa metro, making homeownership accessible with minimal upfront cash.
Why Choose a Mortgage Lender in Tulsa?
Local Market Knowledge
Lenders who understand Tulsa'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 Tulsa and get competitive rates on your home loan.