Duncan VA Loan Rates, Closing Costs & Stats

Duncan, 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.

Duncan's 33 lenders originated 99 VA loans during 2024. The total origination value was $24,025,000, with an average VA loan value of $242,677.

Duncan VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Duncan averaged 7.01% for the week of 2025-05-09, compared to the national average (all VA variants) of 6.369% for the same period.

Duncan's average VA mortgage closing costs are $4,938.

The average rate for the prior week (2025-05-02) was 7.03% and one month ago for the week of 2025-04-04, the average rate was 6.38%.

The average rate one year ago was 7.17%.

For refis of the same type during the week of 2025-05-09, the average rate was 6.57%.

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

Duncan 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 Duncan level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 28 6.36% $3,693
QUICKEN LOANS, LLC 8 6.09% $9,170
GUARANTEED RATE, INC. 8 6.09% $3,106
NAVY FEDERAL CREDIT UNION 5 6.00% $3,562
UNITED WHOLESALE MORTGAGE, LLC 4 5.88% $6,300
PENNYMAC LOAN SERVICES, LLC 3 5.96% $6,685
First United Bank and Trust Company 3 6.63% $16,046
NEWREZ LLC 3 6.33% $5,872
USAA Federal Savings Bank 3 6.67% $15,169
NEW DAY FINANCIAL, LLC 3 7.50% $16,350
Barrington Bank & Trust Company, N.A. 3 6.17% $4,337
Gateway First Bank 2 6.50% $3,869
VILLAGE CAPITAL MORTGAGE 2 5.81% $5,619
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $708
Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $12,063
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $0
Stride Bank 1 7.00% $10,654
Texana Bank 1 7.38% $12,528
V.I.P. MORTGAGE, INC. 1 5.75% $5,654
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $2,047
ZILLOW HOME LOANS, LLC 1 6.00% $2,424
Arvest Bank 1 5.50% $1,200
ASSOCIATED MORTGAGE CORPORATION 1 7.13% $12,053
BancFirst 1 6.75% $4,139
CARDINAL FINANCIAL 1 5.75% $22,436
Credence Funding Corporation 1 5.75% $7,911
First National Bank and Trust Company 1 6.25% $6,365
GUILD MORTGAGE COMPANY 1 7.50% $9,276
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.50% $2,872
International Bank of Commerce 1 6.63% $9,050
LOANPAL, LLC 1 6.25% $8,981
MICHIGAN MUTUAL, INC. 1 6.75% $2,117
MORTGAGEONE, INC. 1 8.25% $2,068

The top Duncan VA lender as defined by loan originations is Mortgage Research Center, LLC, with 28 VA loans originated. Their average total fees are $3,693, which is $5,477 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Duncan VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,693), .

The lowest rate Duncan VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.36%), .

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.