Unlock Your Dream Home with Mortgage Broker in Oklahoma

Looking For The Top Mortgage Broker in Oklahoma?

The Mortgage Shop, LLC is the only mortgage firm you will ever require, and we offer one-of-a-kind solutions for all of your home financing requirements. We have helped numerous investors realize their aspirations of becoming homeowners thanks to our years of experience in home financing and mortgages. Our commitment goes beyond just lending money – we help you build long-term wealth that will last beyond your lifetime.

Get A Home Loan in Oklahoma

When beginning your investment journey, choosing a loan experience that aligns with your long-term goals and offers hassle-free support is crucial. Whether you’re looking to add a new rental home to your investment portfolio or searching for rental properties for sale, you deserve a hassle-free mortgage approval process. With numerous Oklahoma mortgage brokers online, finding the best Oklahoma lender for mortgage loans can take a lot of time and effort. But there’s a way to take the hassle out of the process.

The Mortgage Shop has experienced staff that can help you find the perfect financing option for your property investment. Our access to the top mortgage lenders in Oklahoma means we can offer our clients premium mortgages at the best rates possible while providing a range of services. We’ll help you with innovative options to propel you forward in your investment endeavors.

FHA Loans in Oklahoma

Since The Federal Housing Administration backs FHA loans, you can obtain an Oklahoma mortgage and build your home’s equity with only 3.5% down. This option allows you to acquire your new home with little down payment or not-so-great credit. Even if your credit score is only 600, we can still help you finance a home!

How Much Am I Entitled To?

Under the FHA program, you can receive a flexible approach to debt-to-income ratios as you make moves to secure your home. Get in touch with us, and we will see how much you’re entitled to based on our underwriting process results. Reach out to us for further information today.

Conventional Loans in Oklahoma

A conventional loan has a higher maximum mortgage amount than most other loans. As of the first of January 2023, Oklahoma residents have access to a maximum of $726,200 for a conventional loan. A primary dwelling, second home, or investment property can all be purchased with as little as 3% down for some individuals.

Those with a good credit score typically take out a conventional mortgage. You can put 20% down in order to forgo paying private mortgage insurance (PMI). Making this deposit results in significant savings over the long term and reduces the overall cost of your loan payment. The PMI will apply if you don’t pay 20% of the purchase price. 

One helpful aspect about qualifying for a conventional home loan in Oklahoma is that a close relative can provide the down payment and closing fees, and a credit check isn’t required on a disclaiming partner.

Freddie Mac and Fannie Mae

In the early 20th century, Freddie Mac and Fannie Mae increased the funding options for customers to receive a conventional loan by introducing an additional finance system for private loans. This means that government-sponsored businesses purchase mortgage loans from local banks and sustain them on the credit market, which increases lending availability.

Freddie Mac and Fannie Mae also introduced a series of regulations to standardize the lending process in the United States. These regulations allow more people to enter the real estate market through increased access to financing options and more favorable terms for homeowners. Today, the majority of loans on the US mortgage market are conventional loans. 

VA Loans in Oklahoma

A VA loan may be available in Oklahoma if you are a veteran, active military personnel, or a surviving spouse. As of 1/1/2023, the maximum VA home loan amount is $726,200 for all Oklahoma counties. However, this limit does not apply to borrowers that qualify for the full VA loan benefits. We also offer second-tier financing, allowing veterans to use their VA benefits to purchase a vacation home even when they intend to use the new property as their primary residence.

What Are My VA Loan Benefits?

You can borrow above the limit the Department of Veteran Affairs set with no down payment. Give us a call to discuss the minimum credit score requirements – don’t forget to prepare your DD-214 so that we can obtain your eligibility certificate, while we will assist you through the process. 

DSCR Loans

A DSCR (Debt Service Coverage Ratio) loan is a nonqualified mortgage designed to help real estate investors qualify for a loan based on their property’s cash flow instead of their income. This is a popular mortgage option for investors and businesses seeking new investment projects.

DSCR mortgage loans can help you secure your investment property fast because there are no prerequisites for providing your employment history or income details. A DSCR loan provides flexible financing for diverse investments, ensuring quicker closures. Investors take advantage of DSCR loans to acquire the needed capital for various investment projects. These projects can be anything from investing in single-family dwellings, townhouses, and short- or long-term rentals. 

USDA Loans

A USDA loan can aid you in realizing your homeownership dreams by providing loans to people purchasing homes in rural regions and supporting qualifying residents. USDA loans are the perfect option for those purchasing a home in a rural region. They provide 100% financing, modified PMI, and below-average mortgage rates.

You can hardly find a better solution with no minimum credit score requirement, no cap on the loan amount, and excellent fixed mortgage rates. Besides this, a family of four or fewer people in Oklahoma may have a household income cap of $103,500, whereas families of five or more people may have a cap of $136,600. Contact us to learn whether you are eligible for a USDA loan.

Find The Right Mortgage Broker, Oklahoma

You may be a new homebuyer in Oklahoma or are just looking for the proper mortgage broker for your next investment. In any case, working with the right mortgage broker can help you save time and resources and secure an extraordinary deal on an Oklahoma home loan.

Unlike the bank or any other traditional credit institution, the ideal mortgage broker can offer flexible and unique deals that cater to your needs while simplifying the loan process. They will remove the struggle and streamline the process, no matter the type of loan you need or your financial situation. 

The Mortgage Shop specializes in investor financing choices, and our offers put us in a special category. We can help you secure conventional mortgages for short-term or long-term rental properties and specialized loans like DSCR. Contact us and find out how we can assist you today.

The Mortgage Shop

For over a decade, The Mortgage Shop, LLC has worked with homebuyers and investors looking for mortgage deals that traditional financial institutions may not provide. We have helped investors circumvent the challenges of conventional mortgages, allowing them to grow more secure, income-generating investments. Whether you’re looking to invest in single or multifamily units, long-term rentals, or short-term or vacation rentals, we can provide tailored financing options for you.

Working with traditional credit institutions has its shortcomings; you may not be able to get a personalized offer relying on these institutions. On the other hand, the Mortgage Shop, LLC takes your circumstances and the property’s financial potential into account to help you get the loan you require for your investment and establish a wealth-building investment for generations.

Our commitment is to offer comprehensive support and unwavering backing for all your queries while guiding you in evaluating the revenue stream of your new asset. Our professionalism is unmatched in the industry. With us, you have come across the best mortgage broker Oklahoma offers. 

Why Choose The Mortgage Shop, LLC?

We Prioritize Accuracy

Our mortgage experts have over 15 years of experience. They fully know how the real estate market functions, understand rental income and property cash flows, and the specifics of cash-on-cash returns. You can rely on the top American lender experts to get the best rates and conclude the transaction.

We Offer Competitive Rates and Transparent Answers

You can count on competitive interest rates, down payments of as little as 15%, attractive loan origination costs, accessible insurance coverage, and professional advice on the short-term rental market at The Mortgage Shop.

We Address Needs

We not only fully comprehend the practices of financial institutions, but we also fully comprehend the requirements for clients interested in building a fortune through real estate investing. The Mortgage Shop is committed to helping you realize your dreams.

We Offer Unmatched Results

There’s no need to be concerned about losing investment opportunities because your loan application was denied. We provide unmatched results when real estate investors need a mortgage tailored to their situations.

Getting A Great Mortgage Deal Should Be Hassle-Free - And Now It Is

The Mortgage Shop, LLC is the most reputable mortgage broker in Oklahoma. We provide loans for various properties and operate with a streamlined procedure for acquiring an Oklahoma home loan tailored to your needs. We have grown into a trusted source for securing a loan for short-term and long-term rentals. We have extensive knowledge of helping our clients ramp up their cash flow.

You can save time and effort by working with one of our Oklahoma mortgage brokers. Tell us about your situation, and we’ll seek offers that empower you to achieve your investment targets. Your mortgage application will be accepted after you complete the proposal and sign the contract. Reach out to us today, and you’ll be on your way to securing your next property with ease!