Enid Hard Money and Investor Loans

Yes, across Enid and its northwest Oklahoma trade area. We fund deals in Enid, North Enid, Woodward, Kingfisher, Alva, and Fairview, spanning Garfield County and the neighboring counties around it. USA Mortgage is headquartered in Bee Cave, Texas, and funds deals in most states with our own capital. Every loan is business-purpose only, on investment property, and terms are subject to underwriting. See how we lend across Oklahoma or talk to us.

Garfield County assesses above the state's constitutional floor, so an Oklahoma City tax comparison misleads here. Oklahoma and Tulsa counties sit at the 11.00% minimum assessment ratio, but Garfield County assesses at 12.5% of fair cash value, about 13.6% more of an identical property's value taxed than in Oklahoma City. At the City of Enid millage of 106.97, that runs roughly 1.337% of fair cash value a year, about $1,836 on a $137,309 mid-tier property. A parcel in the Chisholm school district carries a lower millage instead, so verify the district code on the assessor's account before underwriting carry. Talk to your CPA about your own numbers. See the DSCR program. Subject to underwriting.

Confirm with the city before you underwrite one, because the published rules don't say either way. Enid's own business licensing page lists alarm, food, and similar permits at $10 to $300 and names no short-term or vacation rental license, but the city's full code sits behind a portal our research could not read, so absence from that list isn't proof the code is silent. Call Enid Community Development and confirm before you buy for that use. See the fix and flip program. Subject to underwriting.

On yield, yes, and the arithmetic is straightforward. Zillow put Enid's mid-tier home value at $137,309 in July 2026 against $1,268 in monthly rent, a gross yield of about 11.1% ($1,268 x 12 = $15,216 against $137,309). That is a gross yield, not a cap rate, and no local expense dataset exists for Enid. The tradeoff is appreciation: Garfield County's population has slipped slightly since 2020, so this reads as a cash-flow market, not a price-growth market. As of mid-2026. Talk to your CPA about your own numbers. See the DSCR program. Subject to underwriting.

Because the payroll here doesn't depend on one employer's cycle. Enid carries Vance Air Force Base's pilot training wing, agricultural and fertilizer employers including Koch and Johnston Enterprises, Groendyke Transport, Tyson Foods, and two competing hospital systems, INTEGRIS Health Enid and St. Mary's Regional Medical Center, in a town of about 50,000. A tenant renting near Vance is typically a student pilot on an officer's housing allowance, not enlisted housing pay, which changes how a unit should be priced. We underwrite the deal in front of us instead of running it past a market we don't know. See the fix and flip program. Subject to underwriting.