Heard a lot about predatory home equity lenders? So have we and that is why we strive to provide you with a quality list of Credit Unions,Banks, Mortgage Brokers, or Savings and Loans lenders that may lend Oklahoma home equity loans. We suggest you read as much as possible about each lender and then make your decision.
Some quick facts on Oklahoma owner occupied homes with a mortgage1:
The median Oklahoma real estate price is $90,583.
86.3% of Oklahoma have only a single mortgage.
Only 0.5% of Oklahoma home owners have both a second mortgage and a home equity loan.
While the median income for all of Oklahoma is $44,508, the median income for owner occupied Oklahoma homes with a mortgage is $52,958.
The median monthly Oklahoma housing cost is $871.
Oklahoma Median Annual real estate taxes are $728.
While the national average Expedian Credit score is 678, the average for Oklahoma is 665.
Non-business bankruptcies in Oklahoma have gone from 18,403 in 2000 to 25,993 in 2004.
The Oklahoma Department of Consumer Credit regulates mortgage lenders and mortgage brokers. Approximately 1357 Supervised Lenders and 424 Loan Brokers are licensed in the State of Oklahoma. Oklahoma’s licensee list is available from the Department on disk, CD-ROM, hard copy or its Internet site.
Oklahoma’s licensing statute for mortgage brokers was enacted in 19972.
Oklahoma Counties:
Adair County, Alfalfa County, Atoka County, Beaver County, Beckham
County, Blaine County, Bryan County, Caddo County, Canadian County,
Carter County, Cherokee County, Choctaw County, Cimarron County,
Cleveland County, Coal County, Comanche County, Cotton County, Craig
County, Creek County, Custer County, Delaware County, Dewey County,
Ellis County, Garfield County, Garvin County, Grady County, Grant
County, Greer County, Harmon County, Haskell County, Hughes County,
Jackson County, Jefferson County, Johnston County, Kay County, Kingfisher
County, Kiowa County, Latimer County, Le Flore County, Lincoln County,
Logan County, Love County, McClain County, McCurtain County, McIntosh
County, Major County, Marshall County, Mayes County, Murray County,
Muskogee County, Noble County, Nowata County, Okfuskee County, Oklahoma
County, Okmulgee County, Osage County, Ottawa County, Pawnee County,
Payne County, Pittsburg County, Pontotoc County, Pottawatomie County,
Pushmataha County, Roger Mills County, Rogers County, Seminole County,
Sequoyah County, Stephens County, Texas County, Tillman County,
Tulsa County, Wagoner County, Washington County, Washita County,
Woods County, Woodward County
Source: US Census Bureau 2004 American Community Survey
Source: Coalition for Mortgage reform (www.mortgagereform.org)
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