Bixby's housing market is characterized by a mix of new developments and established neighborhoods, offering a diverse range of housing options for prospective buyers. The median home price in Bixby is around $243,000, making it an attractive location for those looking to purchase a home in a growing community. Neighborhoods such as Bixby's historic downtown area and newer subdivisions like Oakbrook Estates offer a variety of choices for homebuyers.

The local real estate market is influenced by factors such as the quality of local schools, property tax rates, and the overall economic health of the area. Bixby Public Schools is highly rated, which contributes to the desirability of the area. Understanding these factors is crucial for making an informed decision when purchasing a home.

At NMHL, we're committed to serving borrowers who may face unique challenges in securing a mortgage. Our specialized loan programs cater to individuals with bad credit, self-employed borrowers, and veterans. For example, our Self-Employed Mortgage Program considers alternative forms of income verification, making it easier for self-employed individuals to qualify for a mortgage.

• Bad Credit Mortgage Solutions: We offer mortgage options for borrowers with credit scores as low as 580, with down payments as low as 3.5%.
• Veterans' Mortgage Programs: Eligible veterans can access VA loans with favorable terms, including no down payment requirements and lower interest rates.

Oklahoma offers several programs to support first-time homebuyers, including down payment assistance and educational resources. The Oklahoma Housing Finance Agency (OHFA) provides financing options and down payment assistance to eligible borrowers. NMHL's First-Time Homebuyer Program complements these initiatives by offering personalized guidance and support throughout the homebuying process.

To qualify for these programs, borrowers typically need to meet certain income and credit score requirements. For example, OHFA's down payment assistance program requires a minimum credit score of 640. NMHL can help you determine the best course of action for your situation.

As a homeowner in Bixby, you'll need to consider property taxes and insurance as part of your overall cost of ownership. The average effective property tax rate in Bixby is approximately 0.83%. Homeowners insurance rates can vary depending on factors such as the home's value, location, and other risk factors.

It's essential to factor these costs into your mortgage planning to ensure you're prepared for the total cost of homeownership. NMHL can help you understand how property taxes and insurance will impact your monthly mortgage payments.