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FHA Loans in Oklahoma

Opening Doors For All

Our FHA Loan is the perfect solution for first time home buyers in Oklahoma looking for a new home.

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Start Your FHA Loan Application Today

FHA Mortgage Rates

Mortgage Terms
APR* (as low as)
Up to 30 Years
Rates change daily. Give us a call for more info!
Effective Date

*APR = Annual Percentage Rate.
Loan subject to approval. Final rate and term determined during underwriting.

Mortgage & Home Loan Options in OKC

Making Homeownership Affordable For All

FHA Loan Benefits

Dreaming of a place to call your own? FHA Loans make it easier to buy a home in Oklahoma with a low down payment, flexible credit requirements, and affordable closing costs. Whether you're a first time home buyer or just need a little extra help qualifying, an FHA loan can open the door to homeownership. Backed by the government and designed with real-life budgets in mind, it’s a smart, simple way to make your move.

Allegiance Mortgages are the Key to Homeownership

COMPETITIVE RATES

As a government backed loan option, FHA Loans are affordable.

LOW CLOSING COSTS

FHA Loans require lower upfront costs for eligible homebuyers. 

CREDIT FORGIVENESS

With more flexible credit guidelines, FHA loans help first time home buyers. 

LOW DOWN PAYMENTS

Allegiance is rooted in the Greater Oklahoma City community, and ready to help. 

Get $250 When You Finance Your FHA Loan

Enjoy an extra $250* when you finance a new mortgage or refinance an existing mortgage from another institution with us! Fill out our quick form to claim your coupon!

New Website Allegiance Coupon (600 x 400 px) (5)

*Loan subject to approval. Minimum loan amount $20,000. Must mention coupon to loan officer. $250 cash bonus will be deposited into member’s account at the time of closing. Does not apply to internal refinances. Promotion starts January 22, 2024 and may expire at any time without notice.

Calculate Your Mortgage Payment

FHA Loan Calculator

Wondering how much house you can afford in Oklahoma? Use our FHA Loan calculator to explore different combinations of loan amount, interest rate, and term to find the most budget-friendly mortgage payment for you.

*Your actual term and payment will be provided upon acceptance of an Allegiance Credit Union loan. This calculator is for informational purposes only and its use does not guarantee an extension of credit.

Calculator2

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Bringing Home Within Reach

Question: What Is An FHA Loan?

Looking to put down roots in Oklahoma? FHA Loans are a great way to buy a home with a smaller down payment, relaxed credit guidelines, and lower closing costs. Whether you're buying your first home or need extra flexibility to qualify, FHA loans make homeownership more accessible.

Backed by the federal government and built for everyday budgets, they’re a practical path to getting the keys to your new home.

Apply Now
Download Your Free Copy!

Discover How Much House You Can Afford in OKC

Make smarter mortgage decisions by revealing what important home buying factors you must consider when deciding which mortgage type and payment amount is best for your budget.

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Helping You Move In Sooner

First Time Home Buyer in OKC?

FHA loans are a popular choice for first-time home buyers thanks to low down payment options and flexible credit requirements. Find out if FHA Loans are right for you by reviewing their requirements.

  • Your chosen home must be appraised by an FHA-approved appraiser.

  • FHA Loans are available only for your main home or primary residence.

  • FHA Loans require an inspection to confirm it meets minimum property standards.

  • You need to move into the property within 60 days after closing.

If this sounds overwhelming, you are not alone. Please contact one of our mortgage experts today for a free consultation on your unique situation.

Apply Now
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Your Path To Homeownership

ITIN Loans: No SSN? No Problem

With an ITIN Loan (also called ITIN Mortgage), qualified borrowers in the greater Oklahoma City area can access the money they need to buy the home they have always dreamed of based on these factors rather than a traditional SSN:

  • A current, valid ITIN (Individual Taxpayer Identification Number).
  • Proof of consistent income, such as pay stubs, tax returns, or bank statements.
  • Evidence of responsible financial behavior.
  • Satisfactory credit score.
Apply Now
Mortgage Team

Unlock Your Homebuying Power

What is a Mortgage Pre-Approval?

Thinking about buying a home in the Greater Oklahoma City area? Allegiance Credit Union can help you start strong with Mortgage pre-approval. Getting pre-approved helps you estimate approximately how much you can borrow. A seller will be more likely to consider you a serious buyer if you have a preapproval in hand.

Just fill out our mortgage application, and we’ll verify your info and check your credit. When approved, you’ll get a pre-approval letter (an offer to lend a specific amount) that is valid for 90 days. Don't wait! Get pre-approved today!

Apply Now

Your Mortgage Toolkit

We've gathered our most helpful links, forms, and mortgage guidelines below.

Manage Your Mortgage

Take control of your finances and manage your home loan from anywhere with Manage My Home Loan.

  • Access Your Loan Balance
  • View Payment Options
  • And More

Register or log in to Manage My Home Loan today!

Get Started

Insurance & Payment Forms

At Allegiance Credit Union, we strive to make the mortgage process as smooth as possible. Here are a few forms our members find helpful:

Error Resolution

If you feel there is an incorrect charge, misapplied payment, or other error, please notify our mortgage team immediately. All requests must be in writing on a separate piece of paper and submitted to:

Allegiance Credit Union
Attn: Mortgage Servicing
4235 N Meridian Ave
Oklahoma City OK 73112

For Error Resolution include:

  • Your Name
  • Mortgage or Account Number and Error

For Mortgage Service Requests include:

  • Your Name
  • Mortgage or Account Number and Request Details
Contact Us

The SAFE Act

Allegiance Credit Union mortgage loan originators are registered and in compliance with the Secure and Fair Enforcement of Mortgage Licensing Act (SAFE Act). One purpose of the SAFE Act is to increase consumer protection by allowing consumers access to mortgage loan originator information with whom they wish to conduct business. You may access information at the nationwide mortgage-licensing registry.

Learn More

What Does It Mean To Be An Equal Housing Lender?

Allegiance Credit Union is proud to be an Equal Housing Lender. We follow lending laws that prevent discrimination during the home selling, buying, and financing process on the basis of race, color, religion, sex, handicap, familial status, or national origin.

Learn More

Employee Name & NMLS Identifier

  • Goines, Micheala 1663406
  • McCarroll, Taylor 2484009
  • Sosa, Max
  • Toribio, Trevor
  • Wood, Chrissy 470059
Choose Your Lender

  • Manage Your Mortgage

    Take control of your finances and manage your home loan from anywhere with Manage My Home Loan.

    • Access Your Loan Balance
    • View Payment Options
    • And More

    Register or log in to Manage My Home Loan today!

    Get Started

Manage Your Mortgage

Take control of your finances and manage your home loan from anywhere with Manage My Home Loan.

  • Access Your Loan Balance
  • View Payment Options
  • And More

Register or log in to Manage My Home Loan today!

Get Started
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What Our Members
Are Saying

"Everything has always gone smoothly in the 20+ years that I've been doing business with Allegiance. Your services & people are top notch."

Nancy S.

"I feel like all of my interactions with ACU have been focused on my financial health and well-being as opposed to what my most benefit the Credit Union."

Kevin M.

Additional Resources

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Adjustable Rate Mortgage vs. Fixed Rate Mortgage: The Key Differences

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Frequently Asked FHA Loan Questions

What does my credit score need to be to qualify for an FHA Loan?

There are many factors that are considered when it comes to getting approved, but generally speaking, it’s best to have a FICO or credit score over 550.

How much money do I need for a downpayment?

If your credit score is at or above 580, you can borrow up to 96.5% of a home’s value. If you have a credit score of 500 – 579, you may need a 10% down payment.

Can I apply extra money towards the principal balance?

Yes, you can make extra principal only payments on your loan as frequently as you like. Loan must be current to apply extra principal payments.

Do I need to use a realtor?

It’s not required to use a realtor when purchasing a home, but definitely recommended!