Conventional Loan · Oklahoma City, OK
Conventional Loans in Oklahoma City
A conventional loan is the most common mortgage, flexible terms, competitive pricing, and as little as 3% down for qualifying buyers.
Why Oklahoma City
A Conventional Loan that fits this market
Oklahoma City is anchored by Tinker Air Force Base, the state's largest single-site employer. In a market where the median home value in Oklahoma County is around $222,900, a Conventional Loan is one of the ways local buyers get in. We walk Oklahoma City buyers through every number.
Why a Conventional Loan
What makes it work
As little as 3% down
For qualifying buyers, with private mortgage insurance that drops off at 20% equity.
No upfront mortgage insurance
Unlike FHA, conventional loans have no upfront MI premium.
Flexible on property type
Primary homes, second homes, and investment properties all qualify.
Assistance
Down payment help in Oklahoma
OHFA offers Homebuyer Down Payment Assistance for qualifying Oklahoma buyers. We help Oklahoma City buyers pair the right loan with any assistance they qualify for.
Good to know
Conventional Loan questions, answered
When does PMI go away on a conventional loan?
Conventional PMI can be removed once you reach 20% equity, unlike FHA's mortgage insurance.
Is a conventional loan better than FHA?
It depends on your credit and down payment. We compare both side by side for your situation.
Get started
Start with a conversation.
No pressure, no runaround.
Leave your details and our team reaches out fast, usually within minutes during business hours, to talk through your Conventional Loan options in Oklahoma City. Or start your full application anytime.
Prefer email? logan@clayhousemortgage.com · Oklahoma City, OK