Can You Use an FHA Loan to Buy 1211 NW Parkview Blvd in Lawton?

The short answer: yes, an FHA loan works for this home

Written by Travis Wright, eXp Realty ICON Agent and one of eXp Realty's Top 250 Individual Agents in the United States, RealTrends Verified, specializing in move-in-ready new construction in Elgin, military PCS relocation to Fort Sill, and helping Southwest Oklahoma homeowners sell their homes. I grew up in Elgin, just minutes from Fort Sill and the Wichita Mountains, and FHA financing is one of the first questions I answer for buyers touring homes in Lawton.

The short answer is yes. A qualified buyer can use an FHA loan to buy 1211 NW Parkview Blvd, a 3-bedroom home listed at $174,000 with about 1,797 square feet in Lawton's Fields & Dunning neighborhood. The 2026 FHA loan limit for Comanche County, Oklahoma, is $541,287 for a single-family home, so this price sits far below the ceiling and inside the standard FHA floor.

For a first-time buyer or a family that wants to put less cash down, that combination matters. With a credit score of 580 or higher, the minimum FHA down payment is 3.5%, which works out to about $6,090 at this list price, and the down payment can come entirely from gift funds.

Why the price fits FHA loan limits

FHA loans are capped by county. HUD sets a loan limit for each county, and for 2026 the FHA loan limit for Comanche County, Oklahoma, is $541,287 for a single-family home, the national FHA floor for low-cost areas. At a list price of $174,000, 1211 NW Parkview Blvd is roughly a third of that ceiling, so the loan amount is not the obstacle.

In practical terms, that means the buyer and the lender can focus on the two things that actually matter on an FHA purchase: the borrower's credit and the condition of the home. The property itself is a single-story, 3-bedroom home with two living areas, a formal dining room, and a fireplace in the main living space, with a primary suite that has its own 3/4 bathroom and a full secondary bathroom for the other bedrooms.

The down payment math at $174,000

FHA's minimum down payment is 3.5% for borrowers with a credit score of 580 or higher, and 10% for borrowers with a score between 500 and 579. On 1211 NW Parkview Blvd at $174,000, a 3.5% down payment is about $6,090, with a base loan amount of about $167,910.

One of the underrated FHA advantages is that the entire down payment can come from gift funds, so a family member can help with that $6,090 without it counting against the borrower's own savings. For military families PCSing to Fort Sill, where cash is often tied up in the move, that flexibility is a real part of why FHA is so common in this market.

The home's location supports the practical side of a financed purchase: Scott Gate at Fort Sill is about a six-minute drive, Whittier Elementary is about a five-minute walk, and Lawton High School is about a ten-minute walk, so the house works for the daily routine the way it works for the lender.

What FHA mortgage insurance actually costs

FHA loans carry mortgage insurance. There is an upfront mortgage insurance premium of 1.75% of the base loan amount, which on this home is roughly $2,938 on a $167,910 loan, and it is typically financed into the loan rather than paid at closing.

There is also an annual mortgage insurance premium. For most 30-year FHA loans with the minimum 3.5% down, the annual rate runs about 0.55% of the loan balance, which on a $167,910 loan comes to roughly $923 in the first year, paid monthly as part of the payment.

The honest caveat: with less than 10% down, FHA mortgage insurance stays on the loan for its full term, so it is not a cost that drops off after you build equity. That is the trade for a 3.5% down payment, and it is a trade thousands of Lawton buyers make every year because it gets them into a home like this one sooner.

Why this home is a strong FHA candidate

FHA appraisals check the property against minimum property standards, so condition matters as much as credit. The roof at 1211 NW Parkview Blvd was installed in June 2024, which removes one of the biggest items FHA appraisers and underwriters look at, and the home is move-in ready, so there is less room for repair requests to slow the deal.

The workshop-style shed gives tools, projects, and extra storage a place of their own, and the home sits near Kathy Newcomb Park, Elmer Thomas Park, and the Lawton Aquatic Center with its pool, lazy river, and slides. None of that is required by FHA, but it is what a buyer gets for the price.

I have helped families work through this exact process for years from my home base in Elgin, a few minutes from Fort Sill. Between new construction in Elgin and relocation for military families, financing is where most deals are won or lost, and a home that is priced right and in good condition is the easiest one to finance.

Frequently asked questions about using an FHA loan on 1211 NW Parkview Blvd

Get your FHA questions answered

Financing rules change, and the numbers that matter are the ones in your specific pre-approval. Text or call me, Travis Wright with eXp Realty, at 580-647-0915 to tour 1211 NW Parkview Blvd or to get your questions answered about FHA loans, the home, or anything else about buying in Lawton and around Fort Sill.