Bartlesville VA Loan Rates, Closing Costs & Stats

Bartlesville, 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.

    Bartlesville's 29 lenders originated 87 VA loans during 2023. The total origination value was $18,665,000, with an average VA loan value of $214,540.

    Bartlesville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Bartlesville averaged 6.61% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Bartlesville's average VA mortgage closing costs are $4,996.

    The average rate for the prior week (2024-11-01) was 6.66% and one month ago for the week of 2024-10-04, the average rate was 5.89%.

    The average rate one year ago was 7.65%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.54%.

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

    Bartlesville 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 Bartlesville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 29 6.90% $6,227
    ASSOCIATED MORTGAGE CORPORATION 9 6.28% $7,641
    QUICKEN LOANS, LLC 5 6.12% $11,397
    NEW DAY FINANCIAL, LLC 4 7.68% $6,801
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.83% $1,846
    PENNYMAC LOAN SERVICES, LLC 3 5.38% $8,602
    Regent Financial Group, Inc. 3 7.00% $9,557
    Arvest Bank 3 6.38% $1,874
    United Fidelity Funding Corp. 2 7.31% $10,514
    DHI MORTGAGE COMPANY, LTD. 2 4.99% $4,199
    NAVY FEDERAL CREDIT UNION 2 5.88% $3,247
    Barrington Bank & Trust Company, N.A. 2 6.75% $4,590
    The Central Trust Bank 1 6.88% $6,710
    The Federal Savings Bank 1 7.25% $6,103
    UNITED WHOLESALE MORTGAGE, LLC 1 6.50% $775
    USAA Federal Savings Bank 1 6.50% $2,515
    AmeriHome Mortgage Company, LLC 1 6.00% $0
    US MORTGAGE CORPORATION 1 7.63% $4,559
    CARDINAL FINANCIAL 1 6.75% $6,843
    First United Bank and Trust Company 1 6.88% $3,929
    FREEDOM MORTGAGE CORPORATION 1 6.75% $15,721
    GUARANTEED RATE, INC. 1 7.50% $2,702
    Ixonia Bank 1 6.00% $4,092
    LOANPAL, LLC 1 6.50% $14,077
    Mr. Cooper ( Nationstar Mortgage ) 1 6.13% $10,165
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $13,884
    OPEN MORTGAGE, LLC 1 6.75% $9,183
    PREMIA MORTGAGE, LLC 1 6.13% $6,504
    RCB Bank 1 6.75% $4,114

    The top Bartlesville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 29 VA loans originated. Their average total fees are $6,227, which is $1,414 lower than the next largest lender, ASSOCIATED MORTGAGE CORPORATION.

    The lowest fee Bartlesville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,227), .

    The lowest rate Bartlesville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.90%), .

    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.