Mortgage & Home Loans

You should consider pre-approval because:

• Show sellers you are serious: Many real estate agents will not show a home without a pre-approval letter. It shows you are ready and financially prepared to buy. 
• Understand your buying power: Pre-approval helps you understand your price range, estimate monthly mortgage payments and see how much you may be able to borrow. 
• Make a stronger offer: A pre-approval letter can help give you an advantage when negotiating with sellers.

Fill out this quick mortgage form to learn more, visit our mortgage center and get pre-approved today!

WEOKIE offers flexible financing to purchase a home, refinance, or tap into your home equity. Our home loans include:

• Fixed-rate mortgages: Consistent payments for the life of the loan
• Adjustable-rate mortgages: Competitive rates that can adjust over time
• Jumbo loans: Financing for higher-priced properties
• ITIN loans: Home financing options for individuals using an ITIN
• Zero-down, no-PMI loans: No down payment or private mortgage insurance required for eligible borrowers 
• No PMI mortgages: Avoid monthly private mortgage insurance costs
• Home loan refinancing: Lower your rate or change your loan terms
• Home equity loans: Borrow against your equity with a lump-sum payment
• Home equity line of credit (HELOC): A revolving line of credit you can use as needed

Yes. We are committed to supporting everyone in our community, including borrowers using an Individual Tax Identification Number (ITIN) rather than a Social Security Number (SSN). We offer the same great products, affordable fees, and terms.

Learn more about ITIN Mortgage

 We’ve made applying simple and convenient. You can apply online, visit any of our 12 locations, or apply over the phone by calling 405-235-3030 or 1-800-678-5363.

• Fixed-rate: Offers peace of mind with a stable monthly payment for the life of the loan. The drawback is that if market rates drop, you would need to refinance to secure a lower rate. 
• ARMs: Feature a lower initial fixed rate, making them more affordable early on—ideal if market rates are high or you plan to own the home for a shorter period. The drawback is that after the initial period, your rate adjusts with the market and may increase. 

The most common use for a home equity loan or home equity line of credit is to pay for major home renovations and remodeling. When you use the funds for home improvements, the interest you pay may be tax-deductible.

In addition, you can use a home equity loan or line of credit for:

• Car repairs
• Medical and dental bills
• New appliances
• Weddings and vacations
• Tuition
• Debt consolidation and much more!

Our simple online application takes about 15 to 20 minutes to complete. We’ll contact you — often the same day you apply — with the status of your pre-approval.

• Once you're pre-approved, you can contact a real estate agent and start shopping for your home.
• You can lock in an interest rate for up to 120 days while house hunting.
• Once you find a home and your offer is accepted, you will formally apply for your mortgage loan. We will then review your documents and financial information during the underwriting process.
• The underwriting and closing process may take around 30 days.

 Closing costs vary based on the loan and may include third-party fees, government fees and lender fees. For an estimate specific to your situation, contact a WEOKIE mortgage loan officer at 405-235-3030 or 1-800-678-5363, or complete the mortgage form.

 All properties require proof of homeowners insurance. If your property is in a flood zone, we also require proof of flood insurance. Please contact us before making changes to your coverage or deductibles to check for any restrictions. 

 We offer a range of loan options to support different financial situations and goals. If you do not see what you are looking for, contact the mortgage team through the contact form or call 405-235-3030 or 1-800-678-5363.

 Yes. We may be able to help you lower your monthly payment depending on your situation and current rates. Refinancing replaces your current mortgage with a new one and includes a new set of closing costs. For an estimate of closing costs, contact a WEOKIE Mortgage Loan Officer at 405-235-3030 or 1-800-678-5363, or complete the contact form.

Refinancing your mortgage is often easier than getting your original mortgage because you have been through the process before. You will need many of the same documents.

First, choose your new loan type based on:

• Your income
• How much you still owe on your mortgage
• How much cash you want to put in or take out
• How long you plan to stay in your home
• Whether you want a higher or lower payment
• Your preferred loan term

Next, apply online to see if you pre-qualify for a new rate. If you do, the process continues with:

• Processing your application and verifying your documents and income
• Ordering an appraisal (an estimate of your home's value) and a title search to check for any liens (unpaid debts tied to the property), plus flood certification if required
• Underwriting, a final review to approve your loan
• Closing on your new mortgage!

Borrowers with a loan-to-value (LTV) ratio less than 80% may request to waive the escrow account requirement and pay these items themselves with WEOKIE approval.

Loan amounts with an LTV greater than 80% require an escrow account for real estate taxes and homeowners insurance. In this case, real estate taxes, homeowners insurance, and PMI, if applicable, are added to the monthly payment and held in escrow. The tax and insurance bills are sent directly to WEOKIE and paid by WEOKIE when due. With some exceptions, WEOKIE may not require an escrow account, and taxes and insurance are paid by the borrower.

An escrow account holds funds collected each month as part of your mortgage payment to cover property-related expenses like homeowners insurance, property taxes, and private mortgage insurance (PMI) if required. This ensures these bills are paid on time on your behalf. It is sometimes called an "impound account."

To estimate your escrow costs:

• Check property tax amounts at your county treasurer's website or ask the seller
• Contact your insurance agent for your homeowners insurance premium
• Ask your WEOKIE Mortgage Loan Officer if PMI applies to your loan

Private mortgage insurance (PMI) is typically required if your down payment is less than 20%. It protects the lender if you are unable to repay the loan.

WEOKIE offers options to help you avoid PMI:

• No PMI Mortgage: Put down as little as 10% and avoid PMI with an adjustable-rate mortgage
• Zero Down No PMI Loan: Buy a home with no down payment and no PMI using a two-loan structure