Home loan rates in Oklahoma

Oklahoma VA Loan Rates

Your down payment is less than 3%, making it difficult to get a loan and a good rate. You could see more loan options if you can put 5-10% down and better rates if you can afford a 20% down payment. For help in increasing your down payment, you can visit the Down Payment Resource Center.

  • Down Payment

You could see more loan options if you put 10% or more down and lower rates if you can afford at 20% down payment. For help in increasing your down payment, you can visit the Down Payment Resource Center.

  • Loan-to-value

The loan amount requested is almost the full value of the property, which makes it difficult to get a loan. There may be more loan options if you can decrease the size of your loan amount so your loan-to-value ratio is 90-95%.

  • Loan Amount

Loan amounts less than $50, 000 typically receive fewer quotes.

Your loan amount is slightly higher than the conforming loan limit of $417, 000. If you can afford a bigger down payment and decrease your loan amount to $417, 000, you could get a substantially better rate.

  • Credit Score

Your credit score is on the low side and may be hampering you from getting more quotes or better rates. Find out how you can improve your credit score.

  • Debt-to-income

Your debt-to-income ratio (DTI) is high so it may be more difficult to finance a loan. An ideal DTI is 36% or lower. Learn more.


Re: Craigslist Post - HELOC vs Fixed Rate Loan

2007-02-15 18:47:28 by 14finance_assist

Hello,
I hope to answer some of the questions you have in regards to taking your home equity loan and getting a fixed rate and fixed payment.
First and foremost, I'm glad to see you have a clear idea of what your goals are for a new loan, and that you are thinking now, of your retirement. Too many people don't pay themself first. Which leads to a later retirement, and may leave you with little retirement savings. So, good job.
As I'm sure you are aware, there are many factors that will determine, what type of programs you will qualify for when it comes to refinancing

Why are you waiting to buy a home?

2008-01-02 18:49:35 by cecornette

Are you waiting to buy so you can build up your funds for a down payment?
You might want to go ahead and see if you can get a loan anyway - interest rates are still some of the lowest we've had in 40 years and real estate prices are a bit deflated right now.
If you're looking to wait and build your down payment, then you wouldn't want to put your money at too great an amount of risk if you're talking about a few years. Based on stock/bond market history a 3-5 year window would be considered short-term (an average market cycle, including a full Bull market when things are up and a full Bear market when things are down lasts approx

Mortgage Rates info

2004-04-08 08:38:54 by 1Mortgages

Great article (03/27 Mon.gazette) on why to use a mortgage broker. Give me a call. My rates are better than the one's in this article.
_________________________
How low can lenders go?
Mortgage mania breaks out as deals abound. Shopping around can really pay off for borrowers as hungry financial institutions vie for market share
It's a dogfight these days on the mortgage front and your home loan is the prize. Every financial institution appears to have some sort of promotion going to win over new clients.
Some will give you a cash rebate. Some will pay your penalty to get out of an existing mortgage

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In that survey, 20 percent of responding Oklahoma service members reported that over the past year, their household spent more than their income (not including the purchase of a new home, car or other big investment), while 32 percent reported past-due ..

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  • Avatar ~American~ What is the best way to get home loan rate quotes?
    Jun 09, 2009 by ~American~ | Posted in Renting & Real Estate

    Who is the best to get a home loan from? I m in Oklahoma.

    • LOCAL LENDER so you have a neck to choke, so to speak, if things are going wrong. Sure it will likely be sold off but the point is during the initial process you can walk in and park your tush until your lender/broke sees you.