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Bank of Oklahoma

Home Loans

We're Ready to Help

Your home is one of the biggest investments you’ll ever make. Whether you are looking for a new home, considering refinancing an existing home or leveraging your home’s equity – we have a solution to fit your needs.

Loans to Fit Your Needs

  • Home Purchase

    Whether you’re buying your first home or your dream home, we have a loan program to suit your needs.

  • Home Refinancing
    Looking to lower monthly payments, or have some extra cash? Refinancing your mortgage may help.
  • Home Equity Lending Solutions
    Take advantage of the equity in your home. And the best part, there are no closing costs.

Frequently asked questions

Got questions? We've got answers. And, if you don't find what you're looking for, sign in to Online Banking and visit our Actions and Tools menu to send us a Secure Message or call us at 800-234-6181.

It depends on what you need the loan for. Both use your house as collateral for the loan, but they're distributed in different ways. A home equity loan is disbursed all at once, and has monthly payments that don't change. The home equity line of credit is accessible for a long-term period of time, and you can take money out as you need it. It has a variable interest rate, and so your payments vary based on your interest rate and how much money you've taken out.

You can simply apply online using our mortgage application. The application will ask questions about the house you are planning to buy and your finances. It can take less than 20 minutes to complete. If your application is approved online, we'll ask you for a deposit to cover the cost of the appraisal on your home so that we can begin to process your request immediately. After your application is completed, a Mortgage Banker will contact you to introduce themselves and to answer any questions you may have. Your Mortgage Banker is experienced and will provide help and guidance along the way. If your request wasn't approved online, they'll ask you for any information required to make a decision about your loan.

PMI stands for private mortgage insurance. It protects lenders in case you default on your mortgage. It is required on first mortgages if you don't have a down payment of at least 20%. It's also required if you refinance and have less than 20% equity in your house. The cost of the PMI is typically added to the monthly mortgage payment.

To find out how much estimated equity you have in your home, simply subtract all the amounts you owe on a property from your home's value. The difference is the amount of equity you may have. If you need help, use our home equity calculator.

Save time applying by logging in to your online banking account
Blend Labs, Inc. hosts the online application for us.
Save time applying by logging in to your online banking account
Blend Labs, Inc. hosts the online application for us.