Mortgage Lender
in Oklahoma

Oklahoma at a Glance


Average Household Income

Home to 289 Fortune
500 companies

Top 3 Industries: Financial,
Technology, Healthcare

The first step in having a successful home loan experience is finding the right mortgage lender.

NewFed Mortgage Corp. is a top mortgage company to consider when looking for a mortgage in Oklahoma. They offer a wide range of mortgage products, including conventional, FHA, VA, and USDA loans, as well as refinancing options. With a team of experienced mortgage professionals, NewFed Mortgage Corp. is dedicated to providing exceptional customer service and making the mortgage process as stress-free as possible. Additionally, they have a deep understanding of the local Oklahoma housing market and can provide expert guidance on the best neighborhoods, school districts, and home values. With a focus on transparency and communication, NewFed Mortgage Corp. ensures that their clients are informed and involved throughout the mortgage process, making them a reliable and trustworthy partner for your home buying or refinancing needs.

Oklahoma, rich in diverse landscapes and cultures, presents a tapestry of experiences across its cities and towns. Oklahoma City, the state’s capital and largest city, embodies an energetic urban atmosphere blending modernity and tradition. The city boasts remarkable cultural institutions, including museums, theaters, and a burgeoning culinary scene. Tulsa, often referred to as the “Oil Capital of the World,” showcases a vibrant arts and music scene, with its historic Route 66 charm enhancing its unique character. For those seeking a more relaxed ambiance, towns like Norman offer a serene college-town environment anchored by the University of Oklahoma. The state’s natural beauty shines through the scenic vistas of the Wichita Mountains and the Great Plains, which provide various outdoor activities such as hiking, camping, and wildlife exploration. With its blend of urban vitality, small-town warmth, and stunning landscapes, Oklahoma offers diverse experiences that cater to various lifestyles and interests.

Mortgage Property Types

Property Types

The most common property types available in Oklahoma are townhouses, single-family residences, and condominiums, but you’ll also find some manufactured homesmulti-unit properties, and cooperatives (co-ops). Let’s run through the definition of each.


single-family, multi-floor homes that are attached to one another. They are typically uniform in design and are part of a homeowner’s association.

Single-family residences

freestanding homes on a piece of property, or independent residential structures that act as dwellings.


properties that are split into distinct units in one or more buildings. These are individually owned and can either be attached or detached (condex is an alternate term for a detached condo).

Manufactured homes

homes that are built piece-by-piece off-site in factories and then transported to a lot for final assembly.

Multi-unit properties

houses that can shelter more than one family living separately. They consist of duplexes (multi-unit homes with two attached units) or apartment buildings with a maximum of four units.

Cooperatives (co-ops)

 multi-family properties where a legal entity owns the title. Residents accrue equity in the building by purchasing shares, allowing them to own a portion of the property (although their names will not be on the deed).


happy with lower interest rates

If you’re interested in revising or replacing the terms of an existing loan agreement, then you might want to consider refinancing. Usually, the decision to refinance is as simple as wanting to secure a lower interest rate, while another common motivation is to take advantage of the equity one has built in their property and convert some of it to cash. Some borrowers may even want to change the terms of their loan (for example, from a variable interest rate to a fixed), or to change the length of their loan agreement. Since loans with shorter terms usually have lower interest rates, the borrower can save a lot of cash by paying it off earlier and by paying less interest. Not only that, but refinancing is also a good way to bundle any outstanding debts into a single loan at a lower rate. For a more comprehensive overview of refinancing and what it entails, feel free to get in touch with one of our loan officers today.

Reverse Mortgages

happy seniors with reverse mortgage

Reverse mortgages are becoming increasingly popular among eligible people who are 55 or older. Essentially, a reverse mortgage is a special type of home equity loan that is available to homeowners 55 and up who have built up considerable equity in their primary property and want to draw it out as cash either monthly, as a lump sum, or as a line of credit. It’s a form of loan, and the money received is non-taxable and will be paid back when the mortgagee dies or sells the home. To find out more about reverse mortgages, check out our online overview.