Mortgage Rates in Altus, Oklahoma — March 2026
Updated March 2026 | Based on Altus market data and regional lending conditions
Altus is a growing city in Oklahoma with a population of 18,837. The current 30-year fixed mortgage rate in Altus is 6.75%, which is 0.1% above the national average. With a median home price of $161,000 and a 20% down payment of $32,200, homebuyers can expect a monthly principal and interest payment of approximately $835.
Current Mortgage Rates in Altus, OK
Below are the current average mortgage rates available in the Altus area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.75% | 6.65% | +0.1% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7% | 6.85% | +0.15% |
Altus Housing Market Overview
The Altus housing market offers relatively affordable housing compared to many major cities. The median household income in Altus is $47,300, and the cost of living index is 81.2 (national average = 100). Based on the 28% affordability rule, the median income in Altus is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Altus
Based on the median home price of $161,000 with 20% down ($32,200), here is what you can expect to pay monthly in Altus:
15-Year vs. 30-Year Mortgage in Altus
Choosing a 15-year mortgage in Altus at 5.99% instead of a 30-year at 6.75% would save you $105,120 in total interest over the life of the loan. However, your monthly payment would be $1,086 instead of $835 — an increase of $251 per month.
Calculate Your Altus Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Altus
What are the current mortgage rates in Altus, OK?
As of March 2026, the average 30-year fixed mortgage rate in Altus, Oklahoma is 6.75%, while the 15-year fixed rate is 5.99%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.1% above the national average of 6.65%.
How much is a monthly mortgage payment in Altus?
Based on the median home price of $161,000 with 20% down, the estimated monthly mortgage payment in Altus is $835 for principal and interest. Including property taxes of $122/month, the total monthly housing cost is approximately $957.
What income do I need to buy a home in Altus?
Using the 28% rule, you would need an annual income of approximately $41,014 to afford the median-priced home in Altus at $161,000. The median household income in Altus is $47,300. The median income is currently sufficient to meet this threshold.
Is Altus a good place to buy a home in 2026?
Altus offers a below-average cost of living with a cost of living index of 81.2 (national average = 100). The property tax rate in Oklahoma is 0.91%, which is near the national average. Altus has a population of 18,837 and offers a very affordable lifestyle.
Mortgage Rates in Other Oklahoma Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Altus, Oklahoma area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.