Compare Today’s Mortgage Rates in Spencerville, Oklahoma 74760

Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Spencerville, Oklahoma 74760.

Our search engine thoroughly explores all home mortgage options in Spencerville, Oklahoma 74760, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $3,837 in lifetime cash or $11 per month in Spencerville and other areas of Choctaw county.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

34.13263 -95.383468 31986

Summary of Average Mortgages in Spencerville, Oklahoma 74760

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Spencerville, Oklahoma 74760

Source: Fannie Mae and Freddie Mac


Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Spencerville, OK 74760. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.

Local Mortgage Rates in Spencerville, Oklahoma 74760

Spencerville is an unincorporated community in northern Choctaw County, Oklahoma, United States. It is 12 miles northeast of Hugo, adjacent to the Pushmataha County border. The improved Ft. Smith to Ft. Towson military road of 1839 ran north–south through Spencerville after crossing the "Seven Devils" on its way southeast to Doaksville. Read more

Spencerville is an unincorporated community in northern Choctaw County, Oklahoma, United States. It is 12 miles northeast of Hugo, adjacent to the Pushmataha County border. The improved Ft. Smith to Ft. Towson military road of 1839 ran north–south through Spencerville after crossing the "Seven Devils" on its way southeast to Doaksville. This wagon road was heavily used by the U.S. Army from 1839 to 1848, especially during the war with Mexico.

Spencerville, named for U.S. Secretary of War John C. Spencer, was home to Spencer Academy, a Choctaw Nation boarding school for boys. The trace of the military road today serves as the access road from Spencerville 1/4 mile north to the site of old Spencer Academy. A large Oklahoma Historical Society marker identifies the site.

Spencer Academy was founded in 1844. It was here that Negro freedman "Uncle" Wallace Willis composed “Swing Low, Sweet Chariot”. He was inspired by the Red River which reminded him of the Jordan and of the Prophet Elijah being taken to heaven by a chariot. Spencer Academy was operated on behalf of the Choctaw Indians by the Presbyterian Board of Missions.

Prior to Oklahoma's statehood Spencerville was in Towson County, Choctaw Nation—but was very close to the boundary with Cedar County. A United States post office operated at Spencerville, Indian Territory, from January 22, 1844 to July 22, 1847 and was established again on May 17, 1902. The community and its post offices took their name from the academy. The academy later relocated to Nelson, several miles to the west. Read less

Historical Mortgage Rates in Spencerville, Oklahoma 74760 from 2024 - 2016

We have compiled mortgage rates charts for home loans in Spencerville, Oklahoma and around Choctaw county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.

2024 2023 2022 2021 2020 2019 2018 2017 2016
% 30 year fixed mortgage 95.09% 93.11% 90.84% 89.70% 90.76% 86.44% 85.09% 87.00% 83.27%
avg mortgage rate 6.51% 4.63% 3.05% 3.36% 4.42% 4.69% 4.17% 3.89% 4.07%
% 15 year fixed mortgage 4.32% 5.17% 7.36% 8.33% 7.35% 10.68% 11.36% 10.43% 13.59%
avg mortgage rate 5.56% 3.86% 2.50% 2.89% 3.76% 4.08% 3.47% 3.09% 3.29%
Avg credit score 750.96 752.10 753.79 755.23 751.50 756.16 755.90 749.80 751.75
Avg LTV (loan to value) 80.61% 82.08% 83.80% 84.95% 84.75% 81.54% 82.68% 83.54% 82.58%
Avg DTI (debt to income) 36.54 35.08 33.52 33.47 34.00 33.15 33.10 31.88 30.88
% First time homebuyer 33.18% 31.56% 29.08% 33.12% 31.82% 21.44% 19.48% 18.62% 24.52%
Avg mortgage insurance % 12.79% 13.79% 14.51% 16.08% 15.29% 12.35% 12.84% 13.91% 13.44%

Source: Financial Report of the US Government

Best Mortgage Brokers around Spencerville, Oklahoma 74760

For those searching for a new home in Spencerville, we have compiled a list of the top mortgage brokers located in and around Spencerville, Oklahoma 74760 to assist you with your search.

Name
Address
Contact

Banner Finance

120 S Constant Ave

Ada OK 74760

(580) 436-6170

financehelp@ncarts.edu

Check 'n Go

1102 N Hills Shopping Ctr

Ada OK 74760

(580) 332-7520

comments@checkngo.com

Springleaf Financial Services

1161 N Hills Shopping Ctr

Ada OK 74760

(580) 332-2748

compliancehelpline@slfs.com

Dixie Finance

209 E Main St

Ada OK 74760

(580) 332-2828

Commerce Finance

122 S Constant Ave

Ada OK 74760

(580) 436-4123

http://www.commercefinancecompany.com

Address

120 S Constant Ave

Ada OK

Contact

(580) 436-6170

financehelp@ncarts.edu

Address

1102 N Hills Shopping Ctr

Ada OK

Contact

(580) 332-7520

comments@checkngo.com

Address

1161 N Hills Shopping Ctr

Ada OK

Contact

(580) 332-2748

compliancehelpline@slfs.com

News on Mortgages and Reverse Mortgages for Spencerville, Oklahoma 74760