The Best Mortgage Lenders in Washington, OK
Compare verified mortgage lenders serving Washington, Oklahoma. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Washington
Featured Mortgage Lenders
First United Bank Mortgage Team
First United Bank
First United Bank is one of Oklahoma's most established and highly-rated regional banks with a strong presence throughout central Oklahoma, including service to Washington and surrounding communities. With over a century of operation, they offer comprehensive mortgage solutions including specialized rural and agricultural lending that's particularly relevant for the Washington area. Their local loan officers provide personalized service with deep understanding of the local real estate market, competitive rates, and the stability of a community-focused institution that maintains strong customer satisfaction ratings across multiple review platforms.
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Guild Mortgage Company
Guild Mortgage Company
Guild Mortgage maintains a strong Oklahoma presence with local offices serving the Washington area through their Oklahoma City branch. As a top-rated national mortgage lender with deep local expertise, they specialize in first-time homebuyer programs and government-backed loans that are popular in rural Oklahoma communities. Their experienced loan officers are particularly skilled with USDA rural development loans that benefit Washington area homebuyers, and they consistently receive high marks for their responsive communication, streamlined process, and competitive rate offerings across multiple review platforms.
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MidFirst Bank Mortgage Division
MidFirst Bank
MidFirst Bank is Oklahoma's largest privately-owned bank with extensive mortgage lending operations throughout the state, including reliable service to Washington and surrounding rural communities. They offer a comprehensive range of mortgage products with particular strength in construction lending and renovation loans that suit the Washington area's property types. Their local processing and underwriting teams provide faster turnaround times, and they maintain competitive rates with the stability of a well-capitalized regional institution. Customer reviews consistently praise their knowledgeable staff and efficient loan closing process.
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Frequently Asked Questions
Common questions about mortgage lending in Washington, OK
What are the typical down payment requirements for a mortgage in Washington, OK, given the more rural and affordable market?
In Washington's affordable market, many conventional loans can be secured with a 5% down payment, and FHA loans with just 3.5% down are common. For the area's median home price, this translates to a much lower upfront cash requirement compared to larger cities. Some local lenders may also offer portfolio loans with flexible terms for qualified buyers on rural properties.
Are there any local or state-specific first-time homebuyer programs available in Washington, OK?
Yes, the Oklahoma Housing Finance Agency (OHFA) offers several programs, including down payment assistance grants and affordable first mortgages with competitive rates, which are accessible to buyers in Washington. These programs often have income and purchase price limits, but Washington's market prices typically make it easier for buyers to qualify. It's advisable to work with an OHFA-approved lender in the area.
How does the appraisal process work in Washington, given the mix of rural land and established neighborhoods?
Appraisals in Washington require an appraiser familiar with Grady County's unique market, comparing properties with similar acreage, outbuildings, and home styles, which can range from town homes to larger rural parcels. Challenges can arise if a comparable property ("comp") is many miles away, so using a local lender with established appraiser relationships is key to a smooth and accurate valuation.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Washington, OK?
Grady County property taxes are relatively low, which helps keep total monthly payments affordable. However, due to the rural nature and distance from fire stations, homeowners insurance—especially if the property includes outbuildings or is on acreage—can be higher than in urban centers. Your lender will help you estimate these escrow items accurately based on the specific property.
Are USDA Rural Development loans a viable option for mortgages in Washington, Oklahoma?
Absolutely. Much of the area around and including Washington is eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a highly attractive program for eligible buyers seeking homes in this community, as it directly supports homeownership in designated rural areas. Income eligibility is based on the county median, which many Washington buyers meet.
Why Choose a Mortgage Lender in Washington?
Local Market Knowledge
Lenders who understand Washington'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 Washington and get competitive rates on your home loan.