I bought a house in Altus in 1988 and still live here. I am a retired LTC USAF.
Altus is full of houses people bought new 4 to 5 years ago for 30yr, nothing down, roll in the closing costs, builder incentives, etc.......and they are so far underwater they can't afford to sell at the current market for a used house. Go new house VA, 30yr, etc, and in 4 to 5 years you too will be stuck with a house you can't afford to sell. Why? All the newbies will be buying new houses with nothing down, etc.
My advice if you really want to buy a house in Altus is to go to the Red River Federal Credit Union Here, look at a 20% down loan for 15yr and see what you can afford to buy that way.
If you can't afford to buy that way, then RENT and walk away even when you move. You aren't going to make a dime in Altus paying on a 30yr mortgage for 5 years and then moving, IF YOU CAN SELL IT AT ALL. A friend ignored my advice and just sold a house after three years setting empty, then dropping...and dropping... the price, losing all the equity, closing and interest.
That’s definitely not what I had in mind. I’m looking for a house in the $30k range.