Compare today’s Oklahoma mortgage rates |

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Mortgage rates in Oklahoma

Expect rates that are higher than the national average.


Fact checked

Mortgage rates during the coronavirus

As mortgage rates fall to record lows in the wake of COVID-19, our partners are seeing an increase in demand for loans and refinancing. As they work through this influx of applications, you may see rates that are higher than expected — or no rates at all. We recommend comparing offers from multiple lenders to ensure you're getting the best deal possible.

Compare mortgage lenders in Oklahoma

About a third of all Oklahomans live in a designated rural area, offering opportunities for low-rate USDA and other government-backed loans to qualified borrowers. With mortgage rates that are historically higher than the national average, you can expect Oklahoma mortgage rates to surpass 4% in 2020.

Compare mortgage lenders

Compare top brands by home loan type, state availability and credit score. Select See rates to provide the lender with basic property and financial details for personalized rates.
Name Product Loan products offered State availability Min. credit score
(NMLS #330511)
Conventional, Jumbo, FHA, Refinance
Not available in: HI, MA, MN, NV, NH, VT, VA
Online preapproval in minutes and no origination fees with this direct lender.
Axos Bank
(NMLS #524995)
Axos Bank
Conventional, Jumbo, FHA, VA, Home Equity/HELOC, Refinance
Available in all states
Purchase, refinance, and home equity options available with lender fees as low as $0 (restrictions apply).
Rocket Mortgage
(NMLS #3030)
Rocket Mortgage
Conventional, Jumbo, FHA, VA, Refinance
Available in all states
Streamline your mortgage from quote to final payment — all from your computer or phone.
(NMLS #1121636)
Conventional, Home equity, Refinance
Not available in: AK, HI, MO, NH, NM, NY, SD, WV
No hidden fees, multiple loan terms, and member discounts available.
(NMLS #1136)
Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Available in all states
Connect with vetted home loan lenders quickly through this online marketplace.

Compare up to 4 providers

How much do Oklahoma rates vary?

Rates for an average mortgage in Oklahoma were between 4.084% and 4.902% in 2018.

Factors that affect your rate include your creditworthiness and the type of loan you apply for. If you can qualify for an FHA, VA or USDA loans, you’ll pay less than the rate for a 30-year conventional mortgage — and likely won’t have to put as much down.

2018 average rates in Oklahoma by loan

Loan type15-year average rate30-year average rate
USDANot available4.757%

Rates based on data from

To buy a $155,000 house, you might pay around $820 a month for a 30-year conventional mortgage at a fixed rate of 4.856%.

If you’re a qualified veteran, a VA loan might land you a lower 4.647% rate, decreasing your monthly payments to about $800. A $20 monthly difference might sound small, but over the life of your loan, you’d save $7,030 in total interest with a VA loan over a conventional mortgage.

Talk with a loan officer to learn whether you or your home qualifies for a government-subsidized program.

Rates in the Sooner State are expected to stay around 4% into 2020.

Oklahoma’s rates are generally higher than the national average, coming in at 0.07% more than the rest of the country in 2017 and 0.11% higher in 2018. Since Bankrate Chief Financial Analyst Greg McBride predicts that US mortgage rates will remain relatively stable at around 4% in 2020, we can expect the Oklahoma rates to perform over these national projections and cross the 4% mark.

Compare mortgage rates throughout Oklahoma

Oklahoma has five distinct metropolitan areas, each with slightly different mortgage rate averages. Borrowers in the city of Enid may pay a higher mortgage rate than someone in rural Sequoyah County.

We analyzed data from the Home Mortgage Disclosure Act to break down what borrowers might pay for an average 30-year fixed-rate mortgage in metropolitan areas throughout Oklahoma. These projections don’t account for taxes, fees or insurances that are specific to your loan.

Metropolitan statistical area (MSA)Average mortgage rateMedian loan amountEstimated monthly cost
Fort Smith MSA (Sequoyah County)4.705%$115,000$600
Oklahoma City4.832%$165,000$870

Rates based on data from

How to get the best mortgage rate in Oklahoma

Research your eligibility for home buying programs and prepare your finances to get the strongest rates on your next mortgage.

  1. Compare loan programs. Most lenders in Oklahoma offer products and programs beyond the conventional loan. And rates often vary between lenders.
  2. Make your credit work for you. Borrowers with strong credit and low debt-to-income ratios are more likely to qualify for a low rate. Taking time to pay down your existing debt can increase your credit score, positioning you for stronger rates and terms.
  3. Plan for lenders closing costs. Lenders in Oklahoma charge 1.51% to 3.02% of the sale price of your home at closing. Some lenders offer lower interest rates in exchange for higher closing costs. Weigh your total costs against the interest rate to know the full cost of your loan.

Historical mortgage interest rates in Oklahoma

Bottom line

Mortgage rates in Oklahoma tend to be higher than the national average and will likely exceed 4% in 2020. To get the lowest rate you’re eligible for, compare lenders and mortgages before signing a loan contract on your next home.

Frequently asked questions

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site