Oklahoma FHA loans are home loans insured by the FHA (Federal Housing Administration) which give Oklahoma borrowers the opportunity to secure OK home loans, when they don't quality for other conventional loans. For example, future Oklahoma homeowners with little credit history or poor credit history are sometimes able to qualify for Oklahoma FHA loans.

Oklahoma FHA Loans for First Time Homeowners

OK FHA loans are ideal for first-time Oklahoma homeowners due to low down-payment requirements and flexible qualifying guidelines.

Refinancing with FHA Loans in Oklahoma

FHA also offers a refinancing option for Oklahoma homeowners where it's possible to refinance up to 97.5% of your home’s value. Additionally, there’s also an option for FHA cash-out refinance of up to 85%.

FHA Loan Requirements - Oklahoma

  1. No income limit
  2. Oklahoma borrower credit score flexibility
  3. 3.5% down payment on Oklahoma Purchase Loans
  4. Bankruptcy: OK FHA loans can be obtained as soon as 2 years after Chapter 7 discharge (assuming good credit history since)
  5. Foreclosures: An FHA loan can be obtained as early as 3 years after the final date of foreclosure (assuming good credit history since)

Oklahoma (OK) FHA Loan Limits

FHA loan limits in Oklahoma vary based on a number of criteria including the specific. location (county), number of units in the property (up to 4-unit properties in Oklahoma), etc. Please contact Home Point Financial's Oklahoma FHA loan experts for details on loan limits for FHA loans in Oklahoma (OK).

Contact Home Point Financial to learn more about FHA loans in Oklahoma.