$215,000
Median Home Price
$182,000
Avg. Loan Amount
681K
Population
12+
Licensed Lenders
Key Oklahoma City Neighborhoods
Explore popular neighborhoods and their median home prices. Click on map markers for details.
Map Legend
Edmond
$345KTop suburb, excellent schools
Nichols Hills
$575KAffluent enclave
Midtown
$295KWalkable, revitalizing
Oklahoma City Real Estate Market
Why Non-QM loans are popular in Oklahoma City
Growing demand for flexible mortgage solutions in Oklahoma City
Self-employed professionals benefit from bank statement loan programs
Real estate investors use DSCR loans for rental property financing
Non-QM loans available for borrowers with recent credit events
Frequently Asked Questions
Common questions about Non-QM loans in Oklahoma City
What is the minimum credit score for Non-QM loans in Oklahoma City?
Most Non-QM lenders serving Oklahoma City require a minimum credit score of 620-660, though some programs accept scores as low as 580 with compensating factors like larger down payments.
Can I get a bank statement loan in Oklahoma City, Oklahoma?
Yes, bank statement loans are available in Oklahoma City. Self-employed borrowers can qualify using 12 or 24 months of personal or business bank statements instead of tax returns.
What are DSCR loan requirements in Oklahoma City?
DSCR loans in Oklahoma City typically require a debt service coverage ratio of 1.0 or higher, meaning the property's rental income must cover the mortgage payment. No personal income verification is needed.
How much can I borrow with a Non-QM loan in Oklahoma City?
Non-QM loan amounts in Oklahoma City typically range from $100,000 to $3 million or more. With a median home price of $215,000, many borrowers find Non-QM loans essential for their purchase.
What Non-QM programs are most popular in Oklahoma City?
The most popular Non-QM programs in Oklahoma City include bank statement loans for self-employed borrowers, DSCR loans for real estate investors, and asset depletion loans for high-net-worth individuals.