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Ask about our 120-day rate lock!**Financing on homes throughout Oklahoma. Property insurance, and if applicable, flood insurance is required. Consult a tax advisor for information regarding the deductibility of interest and charges. Lock & Shop is available on purchase mortgage loans. The member must supply the fully executed purchase and sales contract within 90 days of participating in the Program. There is an up-front $500 lock-in fee associated with this program due at the time of lock. Additional conditions or exclusions may apply. Loan closing is subject to underwriting approval. OCCU reserves the right to amend, terminate or withdraw this offer at any time without prior notice. Standard qualifications apply. Loans are subject to final credit approval. |
Mortgage Loan OptionsIf you're going to be buying, building, or refinancing soon, you owe it to yourself to talk to us. Our Mortgage Lending Specialists are ready to help you better afford the home of your dreams. Pre-approval is available to help determine loan amounts, payments, closing costs and can help increase negotiating power. |
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*Qualifications for First Time Home Buyer program include; Loan balance must be between $90,000 - $300,000 to qualify for the $1,000 discount; have not owned a home in previous three years; minimum credit score of 680; must occupy home purchased; Membership conditions may apply. Based on a $100,000 purchase price with $5,000 down (5% minimum down payment required), monthly payments on a 30-year mortgage based on an interest rate of 6.500% with APR of 7.018%. The monthly payment for principal, interest and mortgage insurance would be $648. Escrow accounts will increase the monthly payment. Rate listed is for a first-lien mortgage. The rate may vary depending on each individual’s credit history and underwriting factors. Not all applicants will qualify. Programs, rates, terms or conditions are subject to change without notice. Other restrictions may apply. For a conventional refinance loan with a loan amount of $80,000, 80% loan to value with a 15-year fixed rate of 6.375%, the APR is 6.845%. The monthly payment for principal and interest would be $691.40. Escrow accounts will increase the monthly payment. Rate listed is for a first-lien mortgage. The rate may vary depending on each individual’s credit history and underwriting factors. Not all applicants will qualify. Programs, rates, terms or conditions are subject to change without notice. Other restrictions may apply. APR is defined as Annual Percentage Rate. Rate subject to credit approval. Rates subject to change. 1FHA loans require PMI upfront and monthly. 2VA loans require a funding fee, have certain property restrictions, and generally have less equity to start. 3USDA loans have certain income limits, property restrictions, occupancy requirements, and generally require a longer underwriting timeline. |