Oklahoma Mortgage Group - Mike David

  If you’re shopping for a home and your financing needs are approaching jumbo territory, there’s a new reason to review your options. Waterstone Mortgage has announced a temporary increase in its conforming loan limit to $845,000 for eligible one-unit homes. The change applies to qualifying loans with new rate locks beginning September 10, 2026. For buyers in Tulsa, Bixby, Broken Arrow, Jenks and surrounding communities, this could provide another option when deciding how to finance their next home. What does the higher limit mean? Loan limits help determine which mortgage programs can accommodate the amount you need to borrow. Waterstone’s increase allows qualifying borrowers to explore its eligible conventional programs for loan amounts up to $845,000. If you previously discussed jumbo financing because of your loan amount, it may be time to compare the options again. The right fit still depends on your finances, the property and your goals. The loan amount and purchase price ar...

  Only $630,000 remains available through the Tulsa County Home Finance Authority program, creating a limited opportunity for qualified first-time homebuyers who need help with the upfront cost of purchasing a home. The remaining funds are available on a first-come, first-served basis. Once the money has been reserved, this opportunity will close. What the program currently offers Qualified borrowers may receive a 6.35% fixed interest rate on a 30-year FHA, VA or USDA first mortgage, along with down payment assistance equal to 3.5% of the total first-mortgage note amount. The assistance is structured as a five-year forgivable second mortgage. If the program’s requirements are met throughout the five-year period, the assistance may be forgiven. Current program highlights include: • 6.35% fixed interest rate • 3.5% down payment assistance • Five-year forgivable second mortgage • FHA, VA and USDA financing options • Minimum 620 FICO score • Household income limits and other program re...

If you're sitting around waiting for mortgage rates to suddenly fall off a cliff... you might be waiting a while. According to the latest forecasts from Fannie Mae, MBA, and Wells Fargo, rates are expected to stay in the mid-6% range through early 2026. Not sky-high, not dirt-cheap—just… steady. The average projection for Q3 2025 is 6.68%, and even by mid-2026, we’re only seeing rates dip into the low 6s. That’s not bad news—it’s just realistic. The economy is holding up, inflation is being stubborn, and the Fed isn’t rushing to slash rates. So if you're holding out for a magical 4.5% again, you may want to reevaluate your timeline. Here’s the thing: if you find the right house and it fits your life and your budget, it may still make sense to move now. You don’t want to pass up a great opportunity waiting for a big drop that—according to all the data—isn’t likely to happen. And remember, you’re not stuck with the rate forever. Refinance options down the road are always a po...