Oklahoma Mortgage Group - Mike David

  There’s exciting news for both realtors and homebuyers in the Tulsa area: the conventional loan limit has just increased to $819,000 (up from $806,500). This change applies to new locks with funding dates on or after September 24, 2025 . What This Means for Buyers If you’re shopping for a home in Tulsa, Bixby, Jenks, or Broken Arrow, this increase gives you more buying power . You can now consider homes in a higher price range while still staying within conventional financing guidelines. That means you’ll avoid the stricter requirements of jumbo loans and keep the benefits of conventional financing, such as competitive interest rates, easier qualification, and more flexibility. What This Means for Realtors For realtors, this loan limit increase is a valuable tool in guiding clients. Buyers who may have been capped by the old $806,500 limit can now explore more homes that fit their needs. This is especially important in today’s market, where prices can easily cross that threshold...

  Did you know you can buy a manufactured home with no money down using the USDA loan program ? USDA loans aren’t just for farmhouses. Many buyers in eligible rural and suburban areas can qualify for this no-down-payment mortgage option. That means affordable homeownership could be closer than you think. At Oklahoma Mortgage Group, we’ll walk you through eligibility, help you understand the guidelines, and see if this program is the right fit for you. Homeownership is within reach — and you may not need a down payment to get there. Want to explore your options? Call or text us today at 918-361-1550, or set up a quick phone chat with our team to talk about USDA loans and manufactured home financing.

Everyone’s waiting for mortgage rates to fall, and according to NAR, the “magic number” many buyers are hoping for is 6%. But will we see that anytime soon? Most forecasts show rates staying in the mid-to-low sixes through the end of next year. Still, right after the latest weaker-than-expected jobs report, rates dipped to 6.55% — the lowest point this year. That gave buyers and realtors hope that small changes may be on the way, but experts don’t expect a major drop in the near term. Here’s what matters: when rates eventually hit 6%, it could unlock 5.5 million more buyers. That means waiting could also mean facing far more competition and less negotiating power. If buying now works for your budget, moving sooner rather than later could give you an advantage before the market heats up again. Want to talk about your options and run the numbers together? Schedule a quick phone chat with us , or call/text Oklahoma Mortgage Group at 918-361-1550 today to discuss your next best steps.