Fixed-Rate Mortgages
A WEOKIE Fixed-Rate Mortgage means you'll always know what's coming and can focus on enjoying your new home.
Benefits of a Fixed-Rate Mortgage
Lock in Your Rate
Enjoy the same competitive rate for your whole loan term.
Choose Your Term
Select a loan term and get the right payment based on your budget and goals.
Simple Process
Once your mortgage is approved, you can buy a home with ease.
Refinance Option
You can likely refinance your mortgage if your situation changes.
Key Details of Fixed-Rate Mortgages in Oklahoma
Lock in a competitive rate and then enjoy your new home knowing your payments will stay steady no matter what.
- Check rates with our loan consultant feature.
- Choose a loan term of 10, 15, 20, or 30 years*.
- Shorter terms get lower rates.
- Longer terms get lower payments.
- Use our easy application process.
- Our origination fee is only $750.
- Up to 100% home purchase and 95% cash-out financing are available to our best-qualified borrowers.
Plus, you can enjoy local servicing and expert guidance when you choose WEOKIE as your lender!
*Information, rates, terms, and conditions are subject to change without notice and are not guaranteed. Some restrictions may apply. Your actual rate, points, costs, and amount borrowed may be different as many factors go into providing you with a mortgage loan. Other products that are not listed here are available. Insurance and tax escrows are required on all first mortgage loans where the loan-to-value ratio exceeds 80%. These mortgage rates are based upon a variety of assumptions and conditions, which include a consumer credit score that may be higher or lower than your individual credit score. Your loan's interest rate may depend upon the specific characteristics of your loan transaction and your credit profile up to the time of closing. All loans are subject to underwriting. Current WEOKIE loans are not eligible for refinancing. All mortgage loans are subject to re-pricing once an appraisal has been received by WEOKIE. Visit https://mortgage.weokie.org/rates.asp for more info and additional products, rates, and terms. Contact a mortgage loan officer for questions and details. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. FEDERALLY INSURED BY NCUA. NMLS# 442689
Rates for a Fixed-Rate Mortgage, OK
Follow These Easy Fixed-Rate Mortgage Application Steps
Step 1 |
Apply Online Gather your information and documents, then use our simple and secure portal to get started. |
Step 2 |
Get Pre-Qualified We'll look at your financial situation and offer you a loan amount and rate for your chosen term. |
Step 3 |
Find a Home! Go house hunting with your financing ready, then we'll help you close and start payments! |
"I had really good communication and was able to save a lot of money in interest! Jaeden was really easy to talk to and got my loan done with no problems at all!!!"
Kelby L., Midwest City, OK
FAQ About Fixed-Rate Mortgages in Oklahoma
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How does a Fixed-Rate Mortgage work?
A fixed-rate mortgage is a simple, stress-free home loan option. You borrow an amount of money known as the loan principal and pay it back in equal monthly installments over your chosen loan term. Fixed-rate loan terms can be 10, 15, 20, or 30 years.
The rate you get is based on many factors including:
- Your credit score
- Your loan term (shorter term gets lower rate)
- Current market rates
We want to ensure that our members have the best opportunity to make informed decisions, and the mortgage lending experts with WEOKIE are always available to guide you through the process.
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Why choose a fixed-rate mortgage?
A fixed-rate mortgage means your interest rate and monthly payment will stay the same through your entire loan term, apart from any changes to your property taxes or insurance.
- Long-term and monthly budgeting is easy.
- Your rate isn't affected by changes in the markets and economy.
- If rates go down in future, you can explore a mortgage refinance.
You might consider an adjustable-rate mortgage (ARM) if you're only planning to stay in your home a short time and/or want a lower, fixed starting rate and payment before your rate starts adjusting with the markets.
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What are the advantages of mortgage loan pre-approval?
With our exclusive Lock 'N Shop Preapproval Program, you get pre-approved, and your low rate is locked in. You can then focus on finding your ideal home without worrying about the financing.
- Compete in today's market with a rate lock and fully underwritten pre-approval.
- Show you’re ready to buy.
Your home buying process will be faster, so you and the sellers can get to the closing table more quickly and easily.
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What is a rate lock?
From the time your loan is pre-approved until the time you close on your home, rates can go up. With our exclusive Power Buyer program, you can lock in the rate you're offered at pre-approval.
Lock N’ Shop keeps you safe from rate hikes while you look for your perfect home.
- Available for Adjustable-Rate Mortgages and Fixed-Rate Mortgages.
- Rate locks for 90 days.
- If rates dip, you have the option of a one-time float down during the 90-day lock.
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How can I work out my monthly payment?
You can use our purchase calculators to see how much monthly payment and purchase price you can afford.
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What is the mortgage process?
Our experts are here to guide you through the mortgage process! First, choose your loan type and term based on:
- Your income
- Your down payment
- Whether you want a shorter loan term and higher payment to pay off your loan faster, or a longer loan term and lower payment to make monthly budgeting easier
Next, apply online and get pre-qualified for your fixed-rate mortgage with a likely starting rate. If approved for pre-qualification, we move to the next steps:
- We'll process your application, verify all your documents, and request proof of income.
- We need to order an appraisal of the home and a title search to check for any liens, plus check your flood certification if needed.
- When all this is done, we complete the underwriting process to finalize your loan approval.
- Then we close on your mortgage!
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What documents are needed for a fixed-rate mortgage?
The documents you need may vary depending on your situation, but here's our handy checklist so you can prepare:
- Your current residence address, or addresses, for the past two years
- Social Security numbers for all borrowers
- Your employment history for the past two years – you'll need your employer(s) name, address, and phone number
- Income information for all borrowers – you'll be asked to include salary, overtime, bonuses, commissions, interest/dividend, retirement income, and any other regular source of income
- Details about your rental or home ownership history
- If you own any other real estate, we'll want to know the address, current market value, amount you owe, amount of rental income you receive (if any), and what your monthly payment is
- Information about your current debts – we'll ask for the name of the creditor, the account number, the current balance owing and the amount of your monthly payment
We are here to help you find the right option to fit your needs. Give us a call at 405-235-3030 or apply online today.
We are here to help.
If you can’t find what you’re looking for, let us know. We’re ready to help in person, online or on the phone.
Let WEOKIE help you find a great mortgage rate!
One of the hardest parts of buying a property is choosing the right lender. When you approach WEOKIE for a home loan, our experts are with you every step of the way so you can pick the perfect mortgage that fits your budget. We offer a variety of programs to help you find the right property, finance and close a loan, and insure your new home so you don’t have to worry.
At WEOKIE, we’re dedicated to providing the best Oklahoma home loan experience possible. That’s why we consistently offer lower rates and fees than competitors, award-winning service, and expert support when you need it. As a local lender, WE are here for you, so you can rest easy knowing that you can call when you need and receive quick, personalized, and local Oklahoma-standard service.
Need help or advice? Talk with a specialist
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** The HomeAdvantage® program is made available to you through a relationship between WEOKIE Federal Credit Union and CU Realty Services. Cash Rewards are awarded through the HomeAdvantage program to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. Homebuyers or sellers are not eligible for Cash Rewards if they use an agent outside this network. Cash Rewards amounts are dependent on the commissions paid to the HomeAdvantage network agent. Obtaining a mortgage or use of any specific lending institution is not a requirement to earn Cash Rewards. WEOKIE may have specific rules on how Cash Rewards can be paid out. Cash Rewards are available in most states; however, are void where prohibited by law or by the lender. Please consult with a WEOKIE Mortgage representative for details that may affect you. See https://weokie.myhomeadvantage.com/ for more info.