Ardmore VA Loan Rates, Closing Costs & Stats

Ardmore, 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.

    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 0.1% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.8% and one month ago for the week of 2024-10-11, the average rate was 6.37%.

    The average rate one year ago was 7.46%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.2%.

    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
    2024-07-01 $214,950 (-11.9%) $305,446 (-18.3%) 0.00 274
    2024-08-01 $228,500 (-4.5%) $305,341 (-13.5%) 0.00 271
    2024-09-01 $230,000 (-3.8%) $301,952 (-11.2%) 0.00 289
    2024-10-01 $236,750 (4.8%) $303,269 (-10.4%) 0.00 261
    Ardmore's median listing price for 2024-10-01 was $236,750, a difference of $10,750 (4.8%) versus the prior year and $6,750 versus the prior month.

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

    Ardmore's average listing price for 2024-10-01 was $303,269, a difference of $-35,214 (-10.4%) versus the prior year and $1,317 versus the prior month.

    For the 2024-10-01 period, Ardmore had 261 MLS listings, a difference of -28 listings (-10%) versus the prior month and 74 listings (40%) 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 1,704 sqft
    2024-07-01 0 days 1,712 sqft
    2024-08-01 0 days 1,719 sqft
    2024-09-01 0 days 1,679 sqft
    2024-10-01 0 days 1,738 sqft
    Ardmore's median listing age (time on market) for 2024-10-01 was 0 days.

    Ardmore's median square footage for active listings during the 2024-10-01 period was 1,738 sqft. One year prior, the average listing was 1,612 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.