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 26 lenders originated 67 VA loans during 2023. The total origination value was $15,425,000, with an average VA loan value of $230,224.

    Duncan VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Duncan averaged 7.1% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Duncan's average VA mortgage closing costs are $4,703.

    The average rate for the prior week (2024-04-12) was 6.73% and one month ago for the week of 2024-03-15, the average rate was 6.7%.

    The average rate one year ago was 6.39%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 20 6.75% $5,464
    First United Bank and Trust Company 5 6.45% $9,892
    QUICKEN LOANS, LLC 5 6.29% $7,454
    GUARANTEED RATE, INC. 4 6.28% $2,559
    Mr. Cooper ( Nationstar Mortgage ) 2 6.44% $6,611
    ASSOCIATED MORTGAGE CORPORATION 2 6.13% $7,731
    CARDINAL FINANCIAL 2 6.75% $11,535
    LOANDEPOT.COM, LLC 2 7.19% $7,022
    The Federal Savings Bank 2 6.88% $8,437
    LOANPAL, LLC 2 6.56% $8,476
    ROYAL UNITED MORTGAGE LLC 1 6.88% $7,753
    UNION HOME MORTGAGE CORP. 1 6.63% $4,846
    United Fidelity Funding Corp. 1 6.50% $15,155
    USAA Federal Savings Bank 1 6.63% $2,632
    VILLAGE CAPITAL MORTGAGE 1 5.75% $6,525
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $10,931
    Wells Fargo Bank 1 7.38% $2,024
    Arvest Bank 1 5.88% $1,940
    Barrington Bank & Trust Company, N.A. 1 6.75% $3,968
    CROSSCOUNTRY MORTGAGE, LLC 1 6.00% $2,601
    FREEDOM MORTGAGE CORPORATION 1 6.25% $10,238
    Gateway First Bank 1 8.25% $7,717
    Magnolia Bank 1 6.25% $14,346
    NAVY FEDERAL CREDIT UNION 1 5.38% $2,057
    NEW DAY FINANCIAL, LLC 1 7.99% $10,170
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.00% $7,296

    The top Duncan VA lender as defined by loan originations is Mortgage Research Center, LLC, with 20 VA loans originated. Their average total fees are $5,464, which is $4,428 lower than the next largest lender, First United Bank and Trust Company.

    The lowest fee Duncan VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,464), .

    The lowest rate Duncan VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.75%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Duncan (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 $108,975 (21.2%) $127,464 (4.9%) 0.00 289
    2018-02-01 $103,250 (15.4%) $126,593 (9.3%) 0.00 287
    2018-03-01 $104,000 (16.9%) $127,043 (6.1%) 0.00 290
    2018-04-01 $111,950 (21.7%) $129,867 (4.7%) 0.00 302
    2018-05-01 $105,500 (11.4%) $124,353 (-2.5%) 0.00 319
    2018-06-01 $104,950 (5.0%) $122,856 (-4.8%) 0.00 338
    2018-07-01 $105,000 (5.0%) $121,093 (-6.0%) 0.00 340
    2018-08-01 $106,500 (-3.0%) $123,958 (-3.9%) 0.00 344
    2018-09-01 $110,000 (-5.9%) $124,865 (-4.4%) 0.00 336
    2018-10-01 $105,000 (-11.5%) $123,470 (-7.7%) 0.00 339
    2018-11-01 $99,825 (-13.1%) $121,812 (-8.3%) 0.00 331
    2018-12-01 $99,500 (-9.6%) $121,600 (-7.0%) 0.00 301
    2019-01-01 $96,250 (-11.7%) $124,893 (-2.0%) 0.00 286
    2019-02-01 $95,250 (-7.8%) $127,645 (0.8%) 0.00 282
    2019-03-01 $101,300 (-2.6%) $138,615 (9.1%) 0.00 293
    2019-04-01 $108,550 (-3.0%) $142,459 (9.7%) 0.00 288
    2019-05-01 $109,975 (4.2%) $147,177 (18.4%) 0.00 284
    2019-06-01 $114,900 (9.5%) $158,706 (29.2%) 0.00 273
    2019-07-01 $114,450 (9.0%) $165,798 (36.9%) 0.00 277
    2019-08-01 $114,909 (7.9%) $167,619 (35.2%) 0.00 271
    2019-09-01 $116,648 (6.0%) $172,885 (38.5%) 0.00 265
    2019-10-01 $118,000 (12.4%) $177,393 (43.7%) 0.00 262
    2019-11-01 $110,000 (10.2%) $173,926 (42.8%) 0.00 259
    2019-12-01 $112,000 (12.6%) $169,056 (39.0%) 0.00 248
    2020-01-01 $119,425 (24.1%) $162,919 (30.5%) 0.00 248
    2020-02-01 $114,500 (20.2%) $159,107 (24.7%) 0.00 231
    2020-03-01 $110,000 (8.6%) $153,989 (11.1%) 0.00 210
    2020-04-01 $108,000 (-0.5%) $152,336 (6.9%) 0.00 203
    2020-05-01 $105,000 (-4.5%) $152,715 (3.8%) 0.00 181
    2020-06-01 $112,225 (-2.3%) $155,189 (-2.2%) 0.00 158
    2020-07-01 $115,750 (1.1%) $166,097 (0.2%) 0.00 139
    2020-08-01 $124,950 (8.7%) $166,704 (-0.6%) 0.00 141
    2020-09-01 $129,950 (11.4%) $170,404 (-1.4%) 0.00 123
    2020-10-01 $124,900 (5.9%) $166,913 (-5.9%) 0.00 122
    2020-11-01 $122,475 (11.3%) $174,504 (0.3%) 0.00 136
    2020-12-01 $122,750 (9.6%) $167,403 (-1.0%) 0.00 143
    2021-01-01 $125,500 (5.1%) $165,157 (1.4%) 0.00 130
    2021-02-01 $107,375 (-6.2%) $158,137 (-0.6%) 0.00 128
    2021-03-01 $103,575 (-5.8%) $159,981 (3.9%) 0.00 122
    2021-04-01 $105,000 (-2.8%) $156,863 (3.0%) 0.00 103
    2021-05-01 $97,450 (-7.2%) $146,682 (-4.0%) 0.00 102
    2021-06-01 $105,488 (-6.0%) $159,169 (2.6%) 0.00 100
    2021-07-01 $117,500 (1.5%) $161,082 (-3.0%) 0.00 111
    2021-08-01 $109,850 (-12.1%) $169,117 (1.5%) 0.00 120
    2021-09-01 $115,000 (-11.5%) $176,497 (3.6%) 0.00 117
    2021-10-01 $109,000 (-12.7%) $177,620 (6.4%) 0.00 122
    2021-11-01 $109,000 (-11.0%) $177,894 (1.9%) 0.00 108
    2021-12-01 $130,000 (5.9%) $211,898 (26.6%) 0.00 77
    2022-01-01 $127,500 (1.6%) $219,689 (33.0%) 0.00 78
    2022-02-01 $134,875 (25.6%) $221,760 (40.2%) 0.00 77
    2022-03-01 $127,750 (23.3%) $244,107 (52.6%) 0.00 80
    2022-04-01 $159,000 (51.4%) $285,492 (82.0%) 0.00 89
    2022-05-01 $155,925 (60.0%) $307,025 (109.3%) 0.00 79
    2022-06-01 $173,250 (64.2%) $316,474 (98.8%) 0.00 86
    2022-07-01 $192,500 (63.8%) $289,954 (80.0%) 0.00 113
    2022-08-01 $202,475 (84.3%) $301,411 (78.2%) 0.00 115
    2022-09-01 $194,750 (69.4%) $272,412 (54.3%) 0.00 112
    2022-10-01 $169,500 (55.5%) $249,394 (40.4%) 0.00 123
    2022-11-01 $162,500 (49.1%) $251,339 (41.3%) 0.00 119
    2022-12-01 $169,000 (30.0%) $266,410 (25.7%) 0.00 108
    2023-01-01 $176,000 (38.0%) $276,401 (25.8%) 0.00 98
    2023-02-01 $183,000 (35.7%) $284,030 (28.1%) 0.00 85
    2023-03-01 $181,625 (42.2%) $283,815 (16.3%) 0.00 86
    2023-04-01 $174,450 (9.7%) $246,672 (-13.6%) 0.00 74
    2023-05-01 $190,950 (22.5%) $265,944 (-13.4%) 0.00 68
    2023-06-01 $189,450 (9.4%) $313,837 (-0.8%) 0.00 81
    2023-07-01 $225,000 (16.9%) $320,726 (10.6%) 0.00 85
    2023-08-01 $236,250 (16.7%) $330,784 (9.7%) 0.00 93
    2023-09-01 $221,700 (13.8%) $309,176 (13.5%) 0.00 107
    2023-10-01 $203,700 (20.2%) $279,273 (12.0%) 0.00 122
    2023-11-01 $187,750 (15.5%) $279,474 (11.2%) 0.00 133
    2023-12-01 $199,450 (18.0%) $283,391 (6.4%) 0.00 132
    2024-01-01 $197,450 (12.2%) $403,616 (46.0%) 0.00 132
    2024-02-01 $189,725 (3.7%) $392,660 (38.3%) 0.00 134
    2024-03-01 $204,900 (12.8%) $421,861 (48.6%) 0.00 125
    Duncan's median listing price for 2024-03-01 was $204,900, a difference of $23,275 (12.8%) versus the prior year and $15,175 versus the prior month.

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

    Duncan's average listing price for 2024-03-01 was $421,861, a difference of $138,046 (48.6%) versus the prior year and $29,201 versus the prior month.

    For the 2024-03-01 period, Duncan had 125 MLS listings, a difference of -9 listings (-7%) versus the prior month and 39 listings (45%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Duncan (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,700 sqft
    2018-02-01 0 days 1,698 sqft
    2018-03-01 0 days 1,695 sqft
    2018-04-01 0 days 1,693 sqft
    2018-05-01 0 days 1,651 sqft
    2018-06-01 0 days 1,664 sqft
    2018-07-01 0 days 1,663 sqft
    2018-08-01 0 days 1,679 sqft
    2018-09-01 0 days 1,700 sqft
    2018-10-01 0 days 1,667 sqft
    2018-11-01 0 days 1,638 sqft
    2018-12-01 0 days 1,623 sqft
    2019-01-01 0 days 1,626 sqft
    2019-02-01 0 days 1,662 sqft
    2019-03-01 0 days 1,671 sqft
    2019-04-01 0 days 1,695 sqft
    2019-05-01 0 days 1,700 sqft
    2019-06-01 0 days 1,720 sqft
    2019-07-01 0 days 1,724 sqft
    2019-08-01 0 days 1,739 sqft
    2019-09-01 0 days 1,753 sqft
    2019-10-01 0 days 1,767 sqft
    2019-11-01 0 days 1,721 sqft
    2019-12-01 0 days 1,703 sqft
    2020-01-01 0 days 1,698 sqft
    2020-02-01 0 days 1,685 sqft
    2020-03-01 0 days 1,660 sqft
    2020-04-01 0 days 1,668 sqft
    2020-05-01 0 days 1,642 sqft
    2020-06-01 0 days 1,713 sqft
    2020-07-01 0 days 1,709 sqft
    2020-08-01 0 days 1,700 sqft
    2020-09-01 0 days 1,701 sqft
    2020-10-01 0 days 1,698 sqft
    2020-11-01 0 days 1,680 sqft
    2020-12-01 0 days 1,687 sqft
    2021-01-01 0 days 1,732 sqft
    2021-02-01 0 days 1,639 sqft
    2021-03-01 0 days 1,591 sqft
    2021-04-01 0 days 1,616 sqft
    2021-05-01 0 days 1,527 sqft
    2021-06-01 0 days 1,509 sqft
    2021-07-01 0 days 1,600 sqft
    2021-08-01 0 days 1,529 sqft
    2021-09-01 0 days 1,544 sqft
    2021-10-01 0 days 1,500 sqft
    2021-11-01 0 days 1,541 sqft
    2021-12-01 0 days 1,680 sqft
    2022-01-01 0 days 1,646 sqft
    2022-02-01 0 days 1,686 sqft
    2022-03-01 0 days 1,770 sqft
    2022-04-01 0 days 1,700 sqft
    2022-05-01 0 days 1,796 sqft
    2022-06-01 0 days 1,927 sqft
    2022-07-01 0 days 1,903 sqft
    2022-08-01 0 days 1,948 sqft
    2022-09-01 0 days 1,893 sqft
    2022-10-01 0 days 1,866 sqft
    2022-11-01 0 days 1,804 sqft
    2022-12-01 0 days 1,800 sqft
    2023-01-01 0 days 1,994 sqft
    2023-02-01 0 days 2,059 sqft
    2023-03-01 0 days 2,028 sqft
    2023-04-01 0 days 1,849 sqft
    2023-05-01 0 days 1,942 sqft
    2023-06-01 0 days 1,901 sqft
    2023-07-01 0 days 2,068 sqft
    2023-08-01 0 days 2,070 sqft
    2023-09-01 0 days 1,885 sqft
    2023-10-01 0 days 1,847 sqft
    2023-11-01 0 days 1,869 sqft
    2023-12-01 0 days 1,900 sqft
    2024-01-01 0 days 1,807 sqft
    2024-02-01 0 days 1,704 sqft
    2024-03-01 0 days 1,840 sqft
    Duncan's median listing age (time on market) for 2024-03-01 was 0 days.

    Duncan's median square footage for active listings during the 2024-03-01 period was 1,840 sqft. One year prior, the average listing was 2,028 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.