Altus VA Loan Rates, Closing Costs & Stats

Altus, 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.

    Altus's 41 lenders originated 154 VA loans during 2023. The total origination value was $36,910,000, with an average VA loan value of $239,675.

    Altus VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Altus averaged 0.32% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Altus's average VA mortgage closing costs are $5,613.

    The average rate for the prior week (2024-11-08) was 6.73% and one month ago for the week of 2024-10-11, the average rate was 5.9%.

    The average rate one year ago was 7.39%.

    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.

    Altus 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 Altus level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 35 6.77% $5,720
    INTERLINC MORTGAGE SERVICES, LLC 12 6.93% $6,101
    QUICKEN LOANS, LLC 9 6.51% $8,364
    Atlantic Coast Mortgage, LLC 9 6.07% $11,106
    USAA Federal Savings Bank 8 6.41% $6,738
    NAVY FEDERAL CREDIT UNION 7 5.89% $6,496
    PENTAGON FEDERAL CREDIT UNION 3 5.71% $9,663
    PENNYMAC LOAN SERVICES, LLC 3 6.08% $9,157
    MID AMERICA MORTGAGE, INC. 3 7.08% $6,536
    NBKC BANK 3 6.08% $9,446
    Chickasaw Community Bank 2 6.69% $5,919
    Equity Prime Mortgage LLC 2 6.88% $4,959
    The Federal Savings Bank 2 6.06% $12,045
    Paramount Residential Mortgage Group, Inc. 2 5.44% $9,445
    Mr. Cooper ( Nationstar Mortgage ) 2 6.25% $7,695
    Armed Forces Bank 2 6.75% $8,332
    Gateway First Bank 2 6.50% $7,029
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.94% $9,585
    NEW DAY FINANCIAL, LLC 2 7.75% $10,275
    The Central Trust Bank 1 5.25% $10,692
    TRISTAR FINANCE, INC. 1 5.75% $6,481
    UNITED WHOLESALE MORTGAGE, LLC 1 6.00% $5,420
    SUN WEST MORTGAGE COMPANY, INC. 1 6.88% $4,897
    American Mortgage Bank, LLC 1 7.75% $6,152
    BancFirst 1 7.13% $13,782
    Bank of England 1 6.63% $4,847
    BNC National Bank 1 4.88% $10,837
    Capital Bank 1 5.38% $5,046
    CARDINAL FINANCIAL 1 4.75% $14,460
    CMG MORTGAGE, INC. 1 6.25% $11,235
    CONTOUR MORTGAGE CORPORATION 1 7.00% $4,714
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $2,886
    First National Bank of Omaha 1 5.63% $12,641
    FREEDOM MORTGAGE CORPORATION 1 6.25% $9,770
    GSF Mortgage Corporation 1 6.13% $12,561
    Leader Bank 1 6.13% $11,089
    LEGEND LENDING CORPORATION 1 6.13% $14,860
    Plains Commerce Bank 1 5.75% $4,795
    PLANET HOME LENDING, LLC 1 5.75% $6,481
    SCOTT CREDIT UNION 1 6.50% $3,745
    AMERICAN FINANCIAL NETWORK, INC. 1 7.13% $2,730

    The top Altus VA lender as defined by loan originations is Mortgage Research Center, LLC, with 35 VA loans originated. Their average total fees are $5,720, which is $380 lower than the next largest lender, INTERLINC MORTGAGE SERVICES, LLC.

    The lowest fee Altus VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,720), INTERLINC MORTGAGE SERVICES, LLC ($6,101), .

    The lowest rate Altus VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.77%), INTERLINC MORTGAGE SERVICES, LLC (6.93%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Altus (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 $120,000 (-10.9%) $129,086 (-11.3%) 0.00 141
    2018-02-01 $128,000 (-5.2%) $132,090 (-8.3%) 0.00 141
    2018-03-01 $132,500 (-5.0%) $135,664 (-6.1%) 0.00 143
    2018-04-01 $141,375 (1.0%) $141,690 (-1.0%) 0.00 168
    2018-05-01 $145,875 (6.3%) $143,454 (0.4%) 0.00 190
    2018-06-01 $139,950 (-1.8%) $141,600 (-1.9%) 0.00 199
    2018-07-01 $139,675 (-2.0%) $140,440 (-1.8%) 0.00 208
    2018-08-01 $141,200 (0.0%) $141,792 (-0.8%) 0.00 217
    2018-09-01 $145,500 (7.8%) $145,763 (5.1%) 0.00 207
    2018-10-01 $148,300 (9.9%) $152,288 (10.6%) 0.00 209
    2018-11-01 $145,500 (17.6%) $149,755 (13.5%) 0.00 204
    2018-12-01 $142,000 (15.9%) $146,279 (13.2%) 0.00 203
    2019-01-01 $139,625 (16.4%) $145,219 (12.5%) 0.00 185
    2019-02-01 $137,675 (7.6%) $144,090 (9.1%) 0.00 176
    2019-03-01 $136,714 (3.2%) $145,193 (7.0%) 0.00 166
    2019-04-01 $135,000 (-4.5%) $145,340 (2.6%) 0.00 151
    2019-05-01 $132,650 (-9.1%) $147,963 (3.1%) 0.00 156
    2019-06-01 $137,900 (-1.5%) $151,684 (7.1%) 0.00 147
    2019-07-01 $137,350 (-1.7%) $153,908 (9.6%) 0.00 128
    2019-08-01 $135,817 (-3.8%) $150,895 (6.4%) 0.00 127
    2019-09-01 $132,542 (-8.9%) $145,865 (0.1%) 0.00 132
    2019-10-01 $129,993 (-12.3%) $141,708 (-7.0%) 0.00 134
    2019-11-01 $124,900 (-14.2%) $137,841 (-8.0%) 0.00 119
    2019-12-01 $124,250 (-12.5%) $138,787 (-5.1%) 0.00 117
    2020-01-01 $113,500 (-18.7%) $135,723 (-6.5%) 0.00 115
    2020-02-01 $99,000 (-28.1%) $126,674 (-12.1%) 0.00 107
    2020-03-01 $118,225 (-13.5%) $138,711 (-4.5%) 0.00 101
    2020-04-01 $127,725 (-5.4%) $140,690 (-3.2%) 0.00 98
    2020-05-01 $134,900 (1.7%) $148,664 (0.5%) 0.00 91
    2020-06-01 $125,500 (-9.0%) $141,696 (-6.6%) 0.00 77
    2020-07-01 $127,250 (-7.4%) $143,333 (-6.9%) 0.00 67
    2020-08-01 $144,500 (6.4%) $153,329 (1.6%) 0.00 61
    2020-09-01 $144,850 (9.3%) $151,924 (4.2%) 0.00 65
    2020-10-01 $149,000 (14.6%) $148,203 (4.6%) 0.00 62
    2020-11-01 $118,750 (-4.9%) $139,641 (1.3%) 0.00 54
    2020-12-01 $129,625 (4.3%) $148,288 (6.9%) 0.00 49
    2021-01-01 $125,000 (10.1%) $146,417 (7.9%) 0.00 38
    2021-02-01 $99,750 (0.8%) $131,907 (4.1%) 0.00 43
    2021-03-01 $121,125 (2.5%) $162,585 (17.2%) 0.00 36
    2021-04-01 $119,950 (-6.1%) $165,249 (17.5%) 0.00 30
    2021-05-01 $137,900 (2.2%) $200,344 (34.8%) 0.00 32
    2021-06-01 $166,850 (33.0%) $174,453 (23.1%) 0.00 30
    2021-07-01 $139,500 (9.6%) $157,690 (10.0%) 0.00 25
    2021-08-01 $159,000 (10.0%) $173,696 (13.3%) 0.00 32
    2021-09-01 $148,000 (2.2%) $164,857 (8.5%) 0.00 32
    2021-10-01 $139,900 (-6.1%) $163,477 (10.3%) 0.00 39
    2021-11-01 $175,200 (47.5%) $172,563 (23.6%) 0.00 41
    2021-12-01 $180,975 (39.6%) $173,304 (16.9%) 0.00 36
    2022-01-01 $135,000 (8.0%) $161,226 (10.1%) 0.00 30
    2022-02-01 $144,500 (44.9%) $163,890 (24.3%) 0.00 26
    2022-03-01 $146,250 (20.7%) $162,059 (-0.3%) 0.00 21
    2022-04-01 $166,000 (38.4%) $182,761 (10.6%) 0.00 20
    2022-05-01 $160,000 (16.0%) $169,153 (-15.6%) 0.00 27
    2022-06-01 $163,125 (-2.2%) $171,125 (-1.9%) 0.00 38
    2022-07-01 $155,000 (11.1%) $174,579 (10.7%) 0.00 42
    2022-08-01 $164,950 (3.7%) $175,426 (1.0%) 0.00 42
    2022-09-01 $173,756 (17.4%) $184,392 (11.9%) 0.00 38
    2022-10-01 $177,000 (26.5%) $181,705 (11.2%) 0.00 44
    2022-11-01 $179,000 (2.2%) $182,891 (6.0%) 0.00 44
    2022-12-01 $162,000 (-10.5%) $181,385 (4.7%) 0.00 45
    2023-01-01 $149,500 (10.7%) $171,759 (6.5%) 0.00 45
    2023-02-01 $117,500 (-18.7%) $177,307 (8.2%) 0.00 48
    2023-03-01 $156,125 (6.8%) $191,608 (18.2%) 0.00 51
    2023-04-01 $175,000 (5.4%) $211,349 (15.6%) 0.00 59
    2023-05-01 $206,175 (28.9%) $220,867 (30.6%) 0.00 52
    2023-06-01 $213,225 (30.7%) $227,709 (33.1%) 0.00 67
    2023-07-01 $205,000 (32.3%) $229,706 (31.6%) 0.00 62
    2023-08-01 $172,500 (4.6%) $224,719 (28.1%) 0.00 65
    2023-09-01 $160,000 (-7.9%) $224,584 (21.8%) 0.00 68
    2023-10-01 $167,200 (-5.5%) $228,249 (25.6%) 0.00 65
    2023-11-01 $178,725 (-0.2%) $233,521 (27.7%) 0.00 64
    2023-12-01 $199,000 (22.8%) $248,823 (37.2%) 0.00 60
    2024-01-01 $210,000 (40.5%) $260,057 (51.4%) 0.00 58
    2024-02-01 $204,700 (74.2%) $254,848 (43.7%) 0.00 58
    2024-03-01 $205,000 (31.3%) $249,132 (30.0%) 0.00 58
    2024-04-01 $242,000 (38.3%) $256,685 (21.5%) 0.00 60
    2024-05-01 $259,750 (26.0%) $273,039 (23.6%) 0.00 76
    2024-06-01 $250,000 (17.3%) $258,486 (13.5%) 0.00 77
    2024-07-01 $228,700 (11.6%) $243,275 (5.9%) 0.00 86
    2024-08-01 $221,500 (28.4%) $247,010 (9.9%) 0.00 84
    2024-09-01 $221,125 (38.2%) $251,479 (12.0%) 0.00 92
    2024-10-01 $219,800 (31.5%) $239,779 (5.1%) 0.00 97
    Altus's median listing price for 2024-10-01 was $219,800, a difference of $52,600 (31.5%) versus the prior year and $-1,325 versus the prior month.

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

    Altus's average listing price for 2024-10-01 was $239,779, a difference of $11,530 (5.1%) versus the prior year and $-11,700 versus the prior month.

    For the 2024-10-01 period, Altus had 97 MLS listings, a difference of 5 listings (5%) versus the prior month and 32 listings (49%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Altus (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,616 sqft
    2018-02-01 0 days 1,666 sqft
    2018-03-01 0 days 1,676 sqft
    2018-04-01 0 days 1,748 sqft
    2018-05-01 0 days 1,775 sqft
    2018-06-01 0 days 1,764 sqft
    2018-07-01 0 days 1,750 sqft
    2018-08-01 0 days 1,748 sqft
    2018-09-01 0 days 1,797 sqft
    2018-10-01 0 days 1,804 sqft
    2018-11-01 0 days 1,796 sqft
    2018-12-01 0 days 1,748 sqft
    2019-01-01 0 days 1,752 sqft
    2019-02-01 0 days 1,738 sqft
    2019-03-01 0 days 1,731 sqft
    2019-04-01 0 days 1,714 sqft
    2019-05-01 0 days 1,690 sqft
    2019-06-01 0 days 1,750 sqft
    2019-07-01 0 days 1,809 sqft
    2019-08-01 0 days 1,780 sqft
    2019-09-01 0 days 1,746 sqft
    2019-10-01 0 days 1,699 sqft
    2019-11-01 0 days 1,650 sqft
    2019-12-01 0 days 1,651 sqft
    2020-01-01 0 days 1,645 sqft
    2020-02-01 0 days 1,551 sqft
    2020-03-01 0 days 1,672 sqft
    2020-04-01 0 days 1,689 sqft
    2020-05-01 0 days 1,800 sqft
    2020-06-01 0 days 1,703 sqft
    2020-07-01 0 days 1,667 sqft
    2020-08-01 0 days 1,845 sqft
    2020-09-01 0 days 1,811 sqft
    2020-10-01 0 days 1,821 sqft
    2020-11-01 0 days 1,756 sqft
    2020-12-01 0 days 1,800 sqft
    2021-01-01 0 days 1,803 sqft
    2021-02-01 0 days 1,685 sqft
    2021-03-01 0 days 1,814 sqft
    2021-04-01 0 days 1,808 sqft
    2021-05-01 0 days 1,815 sqft
    2021-06-01 0 days 1,787 sqft
    2021-07-01 0 days 1,803 sqft
    2021-08-01 0 days 1,955 sqft
    2021-09-01 0 days 1,858 sqft
    2021-10-01 0 days 1,780 sqft
    2021-11-01 0 days 1,836 sqft
    2021-12-01 0 days 1,837 sqft
    2022-01-01 0 days 1,696 sqft
    2022-02-01 0 days 1,725 sqft
    2022-03-01 0 days 1,572 sqft
    2022-04-01 0 days 1,638 sqft
    2022-05-01 0 days 1,707 sqft
    2022-06-01 0 days 1,699 sqft
    2022-07-01 0 days 1,694 sqft
    2022-08-01 0 days 1,704 sqft
    2022-09-01 0 days 1,826 sqft
    2022-10-01 0 days 1,858 sqft
    2022-11-01 0 days 1,822 sqft
    2022-12-01 0 days 1,871 sqft
    2023-01-01 0 days 1,720 sqft
    2023-02-01 0 days 1,759 sqft
    2023-03-01 0 days 1,839 sqft
    2023-04-01 0 days 1,833 sqft
    2023-05-01 0 days 1,985 sqft
    2023-06-01 0 days 1,956 sqft
    2023-07-01 0 days 1,813 sqft
    2023-08-01 0 days 1,704 sqft
    2023-09-01 0 days 1,700 sqft
    2023-10-01 0 days 1,703 sqft
    2023-11-01 0 days 1,670 sqft
    2023-12-01 0 days 1,746 sqft
    2024-01-01 0 days 1,797 sqft
    2024-02-01 0 days 1,831 sqft
    2024-03-01 0 days 1,833 sqft
    2024-04-01 0 days 1,887 sqft
    2024-05-01 0 days 1,969 sqft
    2024-06-01 0 days 1,888 sqft
    2024-07-01 0 days 1,886 sqft
    2024-08-01 0 days 1,811 sqft
    2024-09-01 0 days 1,958 sqft
    2024-10-01 0 days 1,881 sqft
    Altus's median listing age (time on market) for 2024-10-01 was 0 days.

    Altus's median square footage for active listings during the 2024-10-01 period was 1,881 sqft. One year prior, the average listing was 1,703 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.