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For most people, finding the right home in Broken Arrow, Oklahoma is just the first step. Finding the right financing to buy a home is essential to make the home purchase occur! A home buyer has a choice of local mortgage lenders and national lenders advertising on the Web. Many home buyers find that using local Broken Arrow, Oklahoma lenders (with rates very comparable to online mortgage brokers) help ease some of the stress of moving. Home buyers have more personal service, and the mortgage companies have a better relationship with appraisers and other real estate professionals. Ask about adjustable rate loans if you are guaranteed to be relocated out of Broken Arrow within the next 5 years. I had a friend who found a 40 year adjustable with 5 year fixed rate. He knew that he had guaranteed relocation buy-out at the end of his assignment so he wasn’t worried about building equity. He ended up paying less than half in a mortgage payment than he would have paid in rent! Short on cash? There are many mortgage lenders in Broken Arrow that now offer 100% financing – no down payment certainly helps keep moving expenses down!
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The name comes from a Creek community who established a new town site in a place where reeds for making arrow shafts grew plentifully. The town's Creek name, Rekackv (pronounced thlee-Kawtch-kuh), meaning broken arrow, was not "official" until the Missouri, Kansas and Texas Railway company built a railroad which ran through the area. MKT was granted town site privileges along the route. They sold three of the as-yet-unamed sites in 1902 to the Arkansas Valley Town Site company. W.S. Fears, secretary of the company, was allowed to choose and name one of the locations. He selected a site about 18 miles southeast of Tulsa and about five miles north of the thlee-Kawtch-kuh settlement and named the new town site Broken Arrow. From "Visit Broken Arrow 2006" published by the City of Broken Arrow, Oklahoma. The median income for a household in the city was $53,507, and the median income for a family was $58,891. Males had a median income of $42,397 versus $27,559 for females. -- Source: Wikipedia.com
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Census Data for Broken Arrow, Oklahoma
| Broken Arrow | Oklahoma | United States | |
| Population | 74,859 | 3,450,654 | 281,421,906 |
| Median age | 33.3 | 35.5 | 35.3 |
| Median age for Male | 32.3 | 33.9 | 34 |
| Median age for Female | 34.1 | 36.9 | 36.5 |
| Households | 26,159 | 1,342,293 | 105,480,101 |
| Household population | 74,342 | 3,338,279 | 273,643,273 |
| Average household size | 2.84 | 2.49 | 2.59 |
| Families | 21,167 | 921,750 | 71,787,347 |
| Average family size | 3.18 | 3.02 | 3.14 |
| Housing units | 27,085 | 1,514,400 | 115,904,641 |
| Occupied units | 26,159 | 1,342,293 | 105,480,101 |
| Vacant units | 926 | 172,107 | 10,424,540 |
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