Compare Oklahoma Mortgage Rates
Before you can settle in the Sooner State, you’ll need to find the mortgage with the best rate. That’s where Mortgages.com can help. Dozens of mortgage calculators and informative articles on timely mortgage issues help you understand the options. And an online directory of Oklahoma brokers puts contact and rate request information right at your fingertips.
Oklahoma conforming mortgage information
Once you start mortgage shopping, you’ll see that there are conforming and non-conforming Oklahoma mortgages. Because of the liquidity the federal agencies Freddie Mac and Fannie Mae provide, non-conforming mortgages cost more than conforming loans. Conforming loans also have a lower rate so it makes sense to find out if you qualify. They do have limits on the amount that can be borrowed which can be a problem when home values are on the rise. These loans also have limits on a borrower’s allowable debt-to-income ratio. There are other qualifying criteria and your Oklahoma lender can explain them. But remember, conforming loan standards are reviewed annually and when needed, changes are made so the standards stay in line with current trends in the economy.
