Ardmore VA Loan Rates, Closing Costs & Stats

Ardmore, OK

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.

Ardmore's 23 lenders originated 52 VA loans during 2023. The total origination value was $14,400,000, with an average VA loan value of $276,923.

Ardmore VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Ardmore averaged 6.66% for the week of 2024-07-12, compared to the national average (all VA variants) of 6.364% for the same period.

Ardmore's average VA mortgage closing costs are $5,820.

The average rate for the prior week (2024-07-05) was 6.57% and one month ago for the week of 2024-06-07, the average rate was 6.59%.

The average rate one year ago was 6.76%.

For refis of the same type during the week of 2024-07-12, the average rate was 6.56%.

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

Ardmore 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 Ardmore level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 15 6.72% $4,985
QUICKEN LOANS, LLC 4 6.90% $15,383
UNITED WHOLESALE MORTGAGE, LLC 3 6.24% $8,161
NEWREZ LLC 2 6.50% $3,139
PENNYMAC LOAN SERVICES, LLC 2 5.13% $20,252
PLAZA HOME MORTGAGE, INC. 2 6.50% $12,851
Barrington Bank & Trust Company, N.A. 2 7.00% $3,998
Equity Prime Mortgage LLC 2 8.25% $7,272
USAA Federal Savings Bank 2 5.81% $10,964
NATIONS DIRECT MORTGAGE, LLC 2 6.88% $7,584
NEW DAY FINANCIAL, LLC 2 7.31% $18,063
SFMC, LP 1 5.75% $6,901
LOANPAL, LLC 1 5.63% $18,239
AMERISAVE MORTGAGE CORPORATION 1 6.38% $18,248
Armed Forces Bank 1 5.75% $2,795
BancFirst 1 6.88% $4,210
CROSSCOUNTRY MORTGAGE, LLC 1 5.99% $10,438
First United Bank and Trust Company 1 7.13% $19,194
FREEDOM MORTGAGE CORPORATION 1 7.25% $19,712
GERSHMAN INVESTMENT CORP. 1 7.13% $4,683
GUARANTEED RATE, INC. 1 6.75% $725
AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $11,394
Mortgage Investment Services Corporation 1 7.25% $1,106

The top Ardmore VA lender as defined by loan originations is Mortgage Research Center, LLC, with 15 VA loans originated. Their average total fees are $4,985, which is $10,398 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Ardmore VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,985), .

The lowest rate Ardmore VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.72%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Ardmore (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 $165,000 (3.1%) $255,808 (15.3%) 0.00 335
2018-02-01 $159,950 (-3.1%) $247,989 (13.2%) 0.00 339
2018-03-01 $168,200 (-1.0%) $207,777 (-6.5%) 0.00 331
2018-04-01 $169,900 (0.0%) $221,830 (-9.7%) 0.00 329
2018-05-01 $169,850 (-2.9%) $228,554 (-9.2%) 0.00 330
2018-06-01 $169,000 (-4.6%) $233,230 (-6.2%) 0.00 318
2018-07-01 $166,975 (-6.7%) $227,392 (-9.1%) 0.00 311
2018-08-01 $167,900 (-6.3%) $227,042 (-9.8%) 0.00 297
2018-09-01 $163,900 (-6.9%) $231,579 (-8.7%) 0.00 298
2018-10-01 $160,950 (-8.0%) $229,890 (-9.3%) 0.00 294
2018-11-01 $155,725 (-11.0%) $225,398 (-16.9%) 0.00 285
2018-12-01 $158,000 (-9.7%) $227,942 (-14.5%) 0.00 283
2019-01-01 $152,450 (-7.6%) $234,766 (-8.2%) 0.00 281
2019-02-01 $149,900 (-6.3%) $246,889 (-0.4%) 0.00 259
2019-03-01 $153,736 (-8.6%) $250,109 (20.4%) 0.00 260
2019-04-01 $155,236 (-8.6%) $252,586 (13.9%) 0.00 266
2019-05-01 $156,575 (-7.8%) $238,765 (4.5%) 0.00 277
2019-06-01 $159,000 (-5.9%) $238,618 (2.3%) 0.00 258
2019-07-01 $158,500 (-5.1%) $230,128 (1.2%) 0.00 249
2019-08-01 $164,091 (-2.3%) $241,935 (6.6%) 0.00 241
2019-09-01 $170,227 (3.9%) $255,783 (10.5%) 0.00 229
2019-10-01 $174,750 (8.6%) $269,520 (17.2%) 0.00 210
2019-11-01 $169,900 (9.1%) $261,021 (15.8%) 0.00 216
2019-12-01 $163,550 (3.5%) $259,198 (13.7%) 0.00 216
2020-01-01 $174,500 (14.5%) $278,910 (18.8%) 0.00 186
2020-02-01 $178,950 (19.4%) $275,324 (11.5%) 0.00 189
2020-03-01 $174,975 (13.8%) $268,874 (7.5%) 0.00 190
2020-04-01 $174,900 (12.7%) $277,708 (10.0%) 0.00 191
2020-05-01 $189,900 (21.3%) $283,709 (18.8%) 0.00 183
2020-06-01 $217,500 (36.8%) $297,941 (24.9%) 0.00 163
2020-07-01 $222,325 (40.3%) $292,824 (27.2%) 0.00 154
2020-08-01 $215,000 (31.0%) $286,910 (18.6%) 0.00 133
2020-09-01 $191,950 (12.8%) $287,502 (12.4%) 0.00 134
2020-10-01 $175,000 (0.1%) $292,970 (8.7%) 0.00 139
2020-11-01 $147,250 (-13.3%) $231,805 (-11.2%) 0.00 119
2020-12-01 $147,500 (-9.8%) $222,001 (-14.4%) 0.00 131
2021-01-01 $154,000 (-11.8%) $225,842 (-19.0%) 0.00 126
2021-02-01 $149,950 (-16.2%) $228,545 (-17.0%) 0.00 125
2021-03-01 $155,000 (-11.4%) $245,034 (-8.9%) 0.00 113
2021-04-01 $145,475 (-16.8%) $239,708 (-13.7%) 0.00 128
2021-05-01 $169,000 (-11.0%) $257,075 (-9.4%) 0.00 124
2021-06-01 $184,000 (-15.4%) $291,620 (-2.1%) 0.00 135
2021-07-01 $181,250 (-18.5%) $295,241 (0.8%) 0.00 127
2021-08-01 $196,100 (-8.8%) $310,393 (8.2%) 0.00 122
2021-09-01 $193,500 (0.8%) $358,934 (24.9%) 0.00 116
2021-10-01 $192,000 (9.7%) $343,862 (17.4%) 0.00 135
2021-11-01 $168,500 (14.4%) $372,944 (60.9%) 0.00 126
2021-12-01 $169,675 (15.0%) $413,220 (86.1%) 0.00 97
2022-01-01 $160,000 (3.9%) $379,667 (68.1%) 0.00 98
2022-02-01 $162,000 (8.0%) $412,440 (80.5%) 0.00 94
2022-03-01 $207,500 (33.9%) $466,396 (90.3%) 0.00 81
2022-04-01 $172,500 (18.6%) $370,264 (54.5%) 0.00 90
2022-05-01 $198,125 (17.2%) $338,638 (31.7%) 0.00 89
2022-06-01 $199,000 (8.2%) $328,820 (12.8%) 0.00 105
2022-07-01 $199,000 (9.8%) $338,354 (14.6%) 0.00 109
2022-08-01 $195,000 (-0.6%) $298,322 (-3.9%) 0.00 129
2022-09-01 $189,749 (-1.9%) $315,291 (-12.2%) 0.00 131
2022-10-01 $195,000 (1.6%) $291,829 (-15.1%) 0.00 143
2022-11-01 $207,250 (23.0%) $267,736 (-28.2%) 0.00 147
2022-12-01 $229,000 (35.0%) $281,021 (-32.0%) 0.00 141
2023-01-01 $222,150 (38.8%) $298,741 (-21.3%) 0.00 125
2023-02-01 $200,750 (23.9%) $325,114 (-21.2%) 0.00 124
2023-03-01 $231,725 (11.7%) $351,536 (-24.6%) 0.00 131
2023-04-01 $232,250 (34.6%) $357,292 (-3.5%) 0.00 125
2023-05-01 $229,125 (15.7%) $357,618 (5.6%) 0.00 127
2023-06-01 $248,000 (24.6%) $369,954 (12.5%) 0.00 129
2023-07-01 $244,000 (22.6%) $373,640 (10.4%) 0.00 123
2023-08-01 $239,225 (22.7%) $353,032 (18.3%) 0.00 153
2023-09-01 $239,000 (26.0%) $340,051 (7.9%) 0.00 175
2023-10-01 $226,000 (15.9%) $338,483 (16.0%) 0.00 187
2023-11-01 $212,250 (2.4%) $323,213 (20.7%) 0.00 184
2023-12-01 $219,950 (-4.0%) $337,387 (20.1%) 0.00 180
2024-01-01 $221,225 (-0.4%) $330,236 (10.5%) 0.00 190
2024-02-01 $212,450 (5.8%) $327,400 (0.7%) 0.00 189
2024-03-01 $200,000 (-13.7%) $315,024 (-10.4%) 0.00 190
2024-04-01 $227,625 (-2.0%) $316,264 (-11.5%) 0.00 206
2024-05-01 $227,500 (-0.7%) $314,809 (-12.0%) 0.00 232
2024-06-01 $215,000 (-13.3%) $303,435 (-18.0%) 0.00 254
Ardmore's median listing price for 2024-06-01 was $215,000, a difference of $-33,000 (-13.3%) versus the prior year and $-12,500 versus the prior month.

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

Ardmore's average listing price for 2024-06-01 was $303,435, a difference of $-66,519 (-18.0%) versus the prior year and $-11,374 versus the prior month.

For the 2024-06-01 period, Ardmore had 254 MLS listings, a difference of 22 listings (9%) versus the prior month and 125 listings (97%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Ardmore (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,827 sqft
2018-02-01 0 days 1,799 sqft
2018-03-01 0 days 1,798 sqft
2018-04-01 0 days 1,825 sqft
2018-05-01 0 days 1,799 sqft
2018-06-01 0 days 1,832 sqft
2018-07-01 0 days 1,841 sqft
2018-08-01 0 days 1,836 sqft
2018-09-01 0 days 1,834 sqft
2018-10-01 0 days 1,783 sqft
2018-11-01 0 days 1,750 sqft
2018-12-01 0 days 1,742 sqft
2019-01-01 0 days 1,750 sqft
2019-02-01 0 days 1,755 sqft
2019-03-01 0 days 1,746 sqft
2019-04-01 0 days 1,734 sqft
2019-05-01 0 days 1,738 sqft
2019-06-01 0 days 1,745 sqft
2019-07-01 0 days 1,767 sqft
2019-08-01 0 days 1,807 sqft
2019-09-01 0 days 1,820 sqft
2019-10-01 0 days 1,836 sqft
2019-11-01 0 days 1,799 sqft
2019-12-01 0 days 1,720 sqft
2020-01-01 0 days 1,761 sqft
2020-02-01 0 days 1,858 sqft
2020-03-01 0 days 1,798 sqft
2020-04-01 0 days 1,918 sqft
2020-05-01 0 days 1,960 sqft
2020-06-01 0 days 2,036 sqft
2020-07-01 0 days 2,046 sqft
2020-08-01 0 days 1,977 sqft
2020-09-01 0 days 1,728 sqft
2020-10-01 0 days 1,725 sqft
2020-11-01 0 days 1,597 sqft
2020-12-01 0 days 1,644 sqft
2021-01-01 0 days 1,646 sqft
2021-02-01 0 days 1,636 sqft
2021-03-01 0 days 1,637 sqft
2021-04-01 0 days 1,589 sqft
2021-05-01 0 days 1,712 sqft
2021-06-01 0 days 1,773 sqft
2021-07-01 0 days 1,745 sqft
2021-08-01 0 days 1,812 sqft
2021-09-01 0 days 1,797 sqft
2021-10-01 0 days 1,779 sqft
2021-11-01 0 days 1,680 sqft
2021-12-01 0 days 1,776 sqft
2022-01-01 0 days 1,731 sqft
2022-02-01 0 days 1,667 sqft
2022-03-01 0 days 1,791 sqft
2022-04-01 0 days 1,704 sqft
2022-05-01 0 days 1,724 sqft
2022-06-01 0 days 1,625 sqft
2022-07-01 0 days 1,624 sqft
2022-08-01 0 days 1,614 sqft
2022-09-01 0 days 1,661 sqft
2022-10-01 0 days 1,679 sqft
2022-11-01 0 days 1,656 sqft
2022-12-01 0 days 1,743 sqft
2023-01-01 0 days 1,686 sqft
2023-02-01 0 days 1,615 sqft
2023-03-01 0 days 1,685 sqft
2023-04-01 0 days 1,690 sqft
2023-05-01 0 days 1,678 sqft
2023-06-01 0 days 1,668 sqft
2023-07-01 0 days 1,692 sqft
2023-08-01 0 days 1,733 sqft
2023-09-01 0 days 1,744 sqft
2023-10-01 0 days 1,612 sqft
2023-11-01 0 days 1,619 sqft
2023-12-01 0 days 1,668 sqft
2024-01-01 0 days 1,629 sqft
2024-02-01 0 days 1,583 sqft
2024-03-01 0 days 1,608 sqft
2024-04-01 0 days 1,664 sqft
2024-05-01 0 days 1,728 sqft
2024-06-01 0 days 1,703 sqft
Ardmore's median listing age (time on market) for 2024-06-01 was 0 days.

Ardmore's median square footage for active listings during the 2024-06-01 period was 1,703 sqft. One year prior, the average listing was 1,668 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.