Duncan VA Loan Rates, Closing Costs & Stats

Duncan, 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.

    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.