Ada VA Loan Rates, Closing Costs & Stats

Ada, OK

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Ada's 21 lenders originated 41 VA loans during 2023. The total origination value was $9,815,000, with an average VA loan value of $239,390.

    Ada VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Ada averaged 0.34% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Ada's average VA mortgage closing costs are $4,564.

    The average rate for the prior week (2024-11-08) was 6.65% and one month ago for the week of 2024-10-11, the average rate was 6.01%.

    The average rate one year ago was 7.3%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.1%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Ada VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Ada level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 7 6.59% $7,992
    Gateway First Bank 7 6.59% $3,475
    Mortgage Research Center, LLC 4 6.53% $4,636
    GUILD MORTGAGE COMPANY 3 6.88% $8,509
    PENNYMAC LOAN SERVICES, LLC 2 6.19% $6,880
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.50% $4,311
    GUARANTEED RATE, INC. 1 6.23% $4,301
    LOANDEPOT.COM, LLC 1 6.63% $6,066
    MICHIGAN MUTUAL, INC. 1 7.63% $150
    MOVEMENT MORTGAGE, LLC 1 6.50% $8,735
    NAVY FEDERAL CREDIT UNION 1 5.75% $4,849
    Old National Bank 1 6.13% $2,791
    The Federal Savings Bank 1 6.13% $12,111
    USAA Federal Savings Bank 1 5.75% $3,631
    Ameris Bank 1 6.75% $3,600
    Waterstone Mortgage Corporation 1 5.63% $7,889
    BECKAM FUNDING CORP. 1 6.50% $5,688
    CARDINAL FINANCIAL 1 7.25% $8,188
    Chickasaw Community Bank 1 7.25% $6,698
    First United Bank and Trust Company 1 7.38% $3,158
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.13% $7,771

    The top Ada VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 7 VA loans originated. Their average total fees are $7,992, which is $4,516 higher than the next largest lender, Gateway First Bank.

    The lowest fee Ada VA lenders (with over 10 loans originated) are .

    The lowest rate Ada VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Ada (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $158,900 (10.7%) $203,975 (9.5%) 0.00 146
    2018-02-01 $151,000 (10.5%) $201,861 (18.6%) 0.00 141
    2018-03-01 $154,500 (5.0%) $199,552 (16.0%) 0.00 150
    2018-04-01 $152,450 (-1.7%) $196,581 (10.5%) 0.00 163
    2018-05-01 $152,425 (-3.5%) $187,886 (3.6%) 0.00 169
    2018-06-01 $154,500 (-7.8%) $184,424 (-1.8%) 0.00 181
    2018-07-01 $154,875 (0.0%) $184,877 (0.4%) 0.00 202
    2018-08-01 $149,975 (-0.4%) $178,496 (-3.3%) 0.00 212
    2018-09-01 $150,000 (1.4%) $178,718 (-4.0%) 0.00 212
    2018-10-01 $149,500 (-7.8%) $173,460 (-14.8%) 0.00 209
    2018-11-01 $144,950 (-6.5%) $168,703 (-14.7%) 0.00 195
    2018-12-01 $144,900 (-6.5%) $170,466 (-16.8%) 0.00 166
    2019-01-01 $142,200 (-10.5%) $171,727 (-15.8%) 0.00 150
    2019-02-01 $136,650 (-9.5%) $175,502 (-13.1%) 0.00 133
    2019-03-01 $141,471 (-8.4%) $182,279 (-8.7%) 0.00 132
    2019-04-01 $149,450 (-2.0%) $192,885 (-1.9%) 0.00 139
    2019-05-01 $150,000 (-1.6%) $192,848 (2.6%) 0.00 148
    2019-06-01 $154,950 (0.3%) $199,214 (8.0%) 0.00 152
    2019-07-01 $169,000 (9.1%) $199,320 (7.8%) 0.00 160
    2019-08-01 $161,382 (7.6%) $192,658 (7.9%) 0.00 155
    2019-09-01 $156,105 (4.1%) $186,407 (4.3%) 0.00 147
    2019-10-01 $152,586 (2.1%) $181,873 (4.9%) 0.00 140
    2019-11-01 $157,500 (8.7%) $181,011 (7.3%) 0.00 136
    2019-12-01 $138,150 (-4.7%) $168,453 (-1.2%) 0.00 143
    2020-01-01 $133,975 (-5.8%) $168,585 (-1.8%) 0.00 140
    2020-02-01 $129,500 (-5.2%) $168,129 (-4.2%) 0.00 134
    2020-03-01 $115,475 (-18.4%) $147,165 (-19.3%) 0.00 137
    2020-04-01 $124,125 (-17.0%) $154,464 (-19.9%) 0.00 133
    2020-05-01 $120,000 (-20.0%) $155,903 (-19.2%) 0.00 98
    2020-06-01 $118,750 (-23.4%) $146,475 (-26.5%) 0.00 108
    2020-07-01 $99,675 (-41.0%) $146,421 (-26.5%) 0.00 108
    2020-08-01 $109,900 (-31.9%) $145,684 (-24.4%) 0.00 100
    2020-09-01 $113,250 (-27.5%) $151,053 (-19.0%) 0.00 92
    2020-10-01 $114,500 (-25.0%) $160,456 (-11.8%) 0.00 103
    2020-11-01 $107,000 (-32.1%) $156,799 (-13.4%) 0.00 100
    2020-12-01 $120,600 (-12.7%) $166,478 (-1.2%) 0.00 93
    2021-01-01 $109,900 (-18.0%) $163,146 (-3.2%) 0.00 79
    2021-02-01 $104,675 (-19.2%) $178,922 (6.4%) 0.00 69
    2021-03-01 $97,200 (-15.8%) $179,707 (22.1%) 0.00 55
    2021-04-01 $106,075 (-14.5%) $209,493 (35.6%) 0.00 45
    2021-05-01 $123,500 (2.9%) $200,982 (28.9%) 0.00 41
    2021-06-01 $157,175 (32.4%) $222,798 (52.1%) 0.00 51
    2021-07-01 $172,400 (73.0%) $238,274 (62.7%) 0.00 60
    2021-08-01 $189,875 (72.8%) $245,368 (68.4%) 0.00 79
    2021-09-01 $199,925 (76.5%) $256,499 (69.8%) 0.00 84
    2021-10-01 $215,000 (87.8%) $270,231 (68.4%) 0.00 75
    2021-11-01 $215,000 (100.9%) $279,046 (78.0%) 0.00 62
    2021-12-01 $232,000 (92.4%) $358,250 (115.2%) 0.00 57
    2022-01-01 $219,400 (99.6%) $371,947 (128.0%) 0.00 55
    2022-02-01 $194,823 (86.1%) $360,056 (101.2%) 0.00 50
    2022-03-01 $179,450 (84.6%) $357,106 (98.7%) 0.00 46
    2022-04-01 $240,000 (126.3%) $370,931 (77.1%) 0.00 53
    2022-05-01 $244,475 (98.0%) $395,362 (96.7%) 0.00 59
    2022-06-01 $244,500 (55.6%) $371,933 (66.9%) 0.00 64
    2022-07-01 $260,000 (50.8%) $351,431 (47.5%) 0.00 60
    2022-08-01 $247,250 (30.2%) $348,438 (42.0%) 0.00 66
    2022-09-01 $251,950 (26.0%) $330,415 (28.8%) 0.00 69
    2022-10-01 $235,000 (9.3%) $321,263 (18.9%) 0.00 74
    2022-11-01 $236,200 (9.9%) $327,475 (17.4%) 0.00 88
    2022-12-01 $246,500 (6.3%) $403,449 (12.6%) 0.00 88
    2023-01-01 $227,600 (3.7%) $362,904 (-2.4%) 0.00 87
    2023-02-01 $259,500 (33.2%) $308,875 (-14.2%) 0.00 71
    2023-03-01 $247,000 (37.6%) $283,473 (-20.6%) 0.00 68
    2023-04-01 $249,500 (4.0%) $355,674 (-4.1%) 0.00 68
    2023-05-01 $265,000 (8.4%) $373,256 (-5.6%) 0.00 80
    2023-06-01 $256,725 (5.0%) $373,569 (0.4%) 0.00 79
    2023-07-01 $269,900 (3.8%) $392,444 (11.7%) 0.00 73
    2023-08-01 $209,250 (-15.4%) $335,288 (-3.8%) 0.00 91
    2023-09-01 $203,450 (-19.3%) $325,171 (-1.6%) 0.00 100
    2023-10-01 $201,225 (-14.4%) $267,308 (-16.8%) 0.00 92
    2023-11-01 $218,000 (-7.7%) $272,517 (-16.8%) 0.00 98
    2023-12-01 $222,450 (-9.8%) $291,199 (-27.8%) 0.00 94
    2024-01-01 $213,000 (-6.4%) $301,593 (-16.9%) 0.00 83
    2024-02-01 $228,450 (-12.0%) $316,200 (2.4%) 0.00 79
    2024-03-01 $226,000 (-8.5%) $335,642 (18.4%) 0.00 81
    2024-04-01 $243,975 (-2.2%) $346,712 (-2.5%) 0.00 82
    2024-05-01 $249,000 (-6.0%) $321,938 (-13.8%) 0.00 87
    2024-06-01 $239,500 (-6.7%) $314,214 (-15.9%) 0.00 92
    2024-07-01 $217,467 (-19.4%) $302,593 (-22.9%) 0.00 99
    2024-08-01 $230,000 (9.9%) $305,780 (-8.8%) 0.00 115
    2024-09-01 $237,225 (16.6%) $310,413 (-4.5%) 0.00 113
    2024-10-01 $247,475 (23.0%) $309,073 (15.6%) 0.00 119
    Ada's median listing price for 2024-10-01 was $247,475, a difference of $46,250 (23.0%) versus the prior year and $10,250 versus the prior month.

    Ada's median listing price comes in at 0% of the national average.

    Ada's average listing price for 2024-10-01 was $309,073, a difference of $41,765 (15.6%) versus the prior year and $-1,340 versus the prior month.

    For the 2024-10-01 period, Ada had 119 MLS listings, a difference of 6 listings (5%) versus the prior month and 27 listings (29%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ada (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,745 sqft
    2018-02-01 0 days 1,660 sqft
    2018-03-01 0 days 1,669 sqft
    2018-04-01 0 days 1,708 sqft
    2018-05-01 0 days 1,724 sqft
    2018-06-01 0 days 1,750 sqft
    2018-07-01 0 days 1,819 sqft
    2018-08-01 0 days 1,794 sqft
    2018-09-01 0 days 1,794 sqft
    2018-10-01 0 days 1,759 sqft
    2018-11-01 0 days 1,767 sqft
    2018-12-01 0 days 1,809 sqft
    2019-01-01 0 days 1,791 sqft
    2019-02-01 0 days 1,804 sqft
    2019-03-01 0 days 1,819 sqft
    2019-04-01 0 days 1,832 sqft
    2019-05-01 0 days 1,819 sqft
    2019-06-01 0 days 1,826 sqft
    2019-07-01 0 days 1,868 sqft
    2019-08-01 0 days 1,827 sqft
    2019-09-01 0 days 1,764 sqft
    2019-10-01 0 days 1,716 sqft
    2019-11-01 0 days 1,773 sqft
    2019-12-01 0 days 1,706 sqft
    2020-01-01 0 days 1,697 sqft
    2020-02-01 0 days 1,702 sqft
    2020-03-01 0 days 1,620 sqft
    2020-04-01 0 days 1,651 sqft
    2020-05-01 0 days 1,584 sqft
    2020-06-01 0 days 1,523 sqft
    2020-07-01 0 days 1,530 sqft
    2020-08-01 0 days 1,520 sqft
    2020-09-01 0 days 1,558 sqft
    2020-10-01 0 days 1,504 sqft
    2020-11-01 0 days 1,462 sqft
    2020-12-01 0 days 1,635 sqft
    2021-01-01 0 days 1,388 sqft
    2021-02-01 0 days 1,436 sqft
    2021-03-01 0 days 1,419 sqft
    2021-04-01 0 days 1,328 sqft
    2021-05-01 0 days 1,554 sqft
    2021-06-01 0 days 1,670 sqft
    2021-07-01 0 days 1,669 sqft
    2021-08-01 0 days 1,751 sqft
    2021-09-01 0 days 1,769 sqft
    2021-10-01 0 days 1,773 sqft
    2021-11-01 0 days 1,789 sqft
    2021-12-01 0 days 1,873 sqft
    2022-01-01 0 days 1,754 sqft
    2022-02-01 0 days 1,610 sqft
    2022-03-01 0 days 1,661 sqft
    2022-04-01 0 days 1,839 sqft
    2022-05-01 0 days 1,980 sqft
    2022-06-01 0 days 1,916 sqft
    2022-07-01 0 days 1,792 sqft
    2022-08-01 0 days 1,914 sqft
    2022-09-01 0 days 1,914 sqft
    2022-10-01 0 days 1,816 sqft
    2022-11-01 0 days 1,854 sqft
    2022-12-01 0 days 1,848 sqft
    2023-01-01 0 days 1,806 sqft
    2023-02-01 0 days 1,905 sqft
    2023-03-01 0 days 1,850 sqft
    2023-04-01 0 days 1,840 sqft
    2023-05-01 0 days 1,986 sqft
    2023-06-01 0 days 1,928 sqft
    2023-07-01 0 days 2,050 sqft
    2023-08-01 0 days 1,883 sqft
    2023-09-01 0 days 1,855 sqft
    2023-10-01 0 days 1,885 sqft
    2023-11-01 0 days 1,857 sqft
    2023-12-01 0 days 1,794 sqft
    2024-01-01 0 days 1,744 sqft
    2024-02-01 0 days 1,633 sqft
    2024-03-01 0 days 1,757 sqft
    2024-04-01 0 days 1,843 sqft
    2024-05-01 0 days 1,821 sqft
    2024-06-01 0 days 1,714 sqft
    2024-07-01 0 days 1,635 sqft
    2024-08-01 0 days 1,693 sqft
    2024-09-01 0 days 1,685 sqft
    2024-10-01 0 days 1,642 sqft
    Ada's median listing age (time on market) for 2024-10-01 was 0 days.

    Ada's median square footage for active listings during the 2024-10-01 period was 1,642 sqft. One year prior, the average listing was 1,885 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.