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MORTGAGE

Mortgage Rates in Oklahoma

6.8%Avg. 30-Yr Rate
20%Typical Down Payment
$400KMedian Home Price
📋 Reviewed by WiseIQ Editorial Team · Updated April 2026 · Editorially independent

5.97%

15-Year Fixed Rate

$65,039

Median Household Income

Oklahoma Financial Snapshot

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APR RANGE
7.80%–35.99%
LOAN AMOUNT
$1K–$50K
MIN. CREDIT
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Mortgage in Oklahoma: What You Need to Know

Oklahoma, known as the Sooner State, has a population of 4.0M with a median household income of approximately $54,000. The current unemployment rate stands at 3.2%, which lenders consider when evaluating applications from Oklahoma residents.

4.0M
Population
$54,000
Median Income
3.2%
Unemployment

Major financial hub: Oklahoma City is the primary financial center for Oklahoma residents, with access to both national and regional lenders.

Oklahoma is a state with a median household income of $65,039 and a per capita income of $35,624. The poverty rate stands at 14.9%. The owner-occupied housing unit rate is 65.8%, with a median value of owner-occupied housing units at $199,800. The median monthly owner costs with a mortgage are $1,539, and the median gross rent is $1,014.

Top Mortgage Product Recommendations

TOMO Mortgage
APR: 5.704%
Key Benefit: Competitive rates for 30-year fixed mortgages.
  • Low 30-year fixed rate: 5.490%
  • Transparent upfront costs: $6,888
  • 8-year cost: $122,064
View Details
Sage HOME LOANS
APR: 5.723%
Key Benefit: Excellent customer service and flexible terms.
  • Attractive 30-year fixed rate: 5.498%
  • Reasonable upfront costs: $6,820
  • 8-year cost: $122,543
View Details
OPTIMUM FIRST MORTGAGE
APR: 5.851%
Key Benefit: Streamlined application process.
  • Solid 30-year fixed rate: 5.621%
  • Manageable upfront costs: $6,940
  • 8-year cost: $125,031
View Details

Oklahoma Mortgage Rate Comparison

Lender Product Interest Rate APR Points Upfront Costs
TOMO Mortgage 30-Year Fixed 5.490% 5.704% 1.853 $6,888
Sage HOME LOANS 30-Year Fixed 5.498% 5.723% 1.902 $6,820
OPTIMUM FIRST MORTGAGE 30-Year Fixed 5.621% 5.851% 1.766 $6,940
Bankrate Average 30-Year Fixed 6.45% 6.58% N/A N/A
Bankrate Average 15-Year Fixed 5.97% N/A N/A N/A

How to Choose the Right Mortgage in Oklahoma

1. Understand Your Financial Situation

Assess your credit score, debt-to-income ratio, and down payment savings to determine what you can afford.

2. Compare Different Loan Types

Research 30-year fixed, 15-year fixed, FHA, VA, and ARM loans to find the one that best fits your needs.

3. Shop Around for Lenders

Don't settle for the first offer. Compare rates, fees, and terms from multiple lenders to secure the best deal.

4. Consider Future Plans

Think about how long you plan to stay in your home and your financial goals when choosing a mortgage term.

Frequently Asked Questions (FAQs)

What is the average mortgage rate in Oklahoma?
As of April 3, 2026, the average 30-year fixed mortgage rate in Oklahoma is 6.45%, and the 15-year fixed rate is 5.97%.
How do I get the best mortgage rate?
To secure the best mortgage rate, maintain a good credit score, save for a substantial down payment, and compare offers from multiple lenders.
What factors affect mortgage rates?
Mortgage rates are influenced by various factors, including the economy, inflation, Federal Reserve policies, and your personal financial profile.
Should I choose a fixed-rate or adjustable-rate mortgage?
Fixed-rate mortgages offer stable monthly payments, while adjustable-rate mortgages (ARMs) can have lower initial rates but may fluctuate over time. Your choice depends on your risk tolerance and financial plans.
What are closing costs?
Closing costs are fees paid at the closing of a real estate transaction. These can include loan origination fees, appraisal fees, title insurance, and other charges.