Durant VA Loan Rates, Closing Costs & Stats

Durant, 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.

    Durant's 21 lenders originated 50 VA loans during 2023. The total origination value was $13,140,000, with an average VA loan value of $262,800.

    Durant VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Durant 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.

    Durant's average VA mortgage closing costs are $5,479.

    The average rate for the prior week (2024-04-12) was 7.13% and one month ago for the week of 2024-03-15, the average rate was 6.6%.

    The average rate one year ago was 6.49%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Durant 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 Durant level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 13 7.07% $5,194
    First United Bank and Trust Company 4 6.84% $6,489
    USAA Federal Savings Bank 4 6.75% $4,540
    NAVY FEDERAL CREDIT UNION 3 5.75% $8,975
    GUILD MORTGAGE COMPANY 3 6.92% $8,224
    Gateway First Bank 3 6.17% $9,214
    UNITED WHOLESALE MORTGAGE, LLC 2 6.50% $2,691
    CROSSCOUNTRY MORTGAGE, LLC 2 6.81% $13,184
    Prosperity Home Mortgage, LLC 1 5.75% $23,340
    QUICKEN LOANS, LLC 1 6.75% $7,852
    The Federal Savings Bank 1 5.25% $10,277
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.63% $11,464
    AmeriHome Mortgage Company, LLC 1 6.00% $17,444
    VILLAGE CAPITAL MORTGAGE 1 5.75% $13,561
    Barrington Bank & Trust Company, N.A. 1 6.75% $12,679
    BROKER SOLUTIONS, INC. 1 5.75% $13,093
    FBC MORTGAGE, LLC 1 5.75% $7,950
    First State Bank 1 7.13% $3,543
    FREEDOM MORTGAGE CORPORATION 1 6.25% $12,819
    NFM, INC. 1 6.13% $8,554
    PENNYMAC LOAN SERVICES, LLC 1 5.13% $6,851

    The top Durant VA lender as defined by loan originations is Mortgage Research Center, LLC, with 13 VA loans originated. Their average total fees are $5,194, which is $1,294 lower than the next largest lender, First United Bank and Trust Company.

    The lowest fee Durant VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,194), .

    The lowest rate Durant VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (7.07%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Durant (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 $184,500 (8.6%) $252,620 (17.0%) 0.00 149
    2018-02-01 $178,975 (12.1%) $246,230 (12.2%) 0.00 142
    2018-03-01 $179,000 (8.6%) $251,568 (10.0%) 0.00 130
    2018-04-01 $182,875 (10.5%) $241,375 (3.8%) 0.00 131
    2018-05-01 $177,925 (7.0%) $240,224 (3.0%) 0.00 139
    2018-06-01 $184,500 (2.9%) $238,037 (0.5%) 0.00 144
    2018-07-01 $185,475 (3.1%) $235,756 (-4.0%) 0.00 141
    2018-08-01 $195,475 (11.2%) $242,176 (0.1%) 0.00 141
    2018-09-01 $199,900 (11.1%) $250,234 (3.2%) 0.00 126
    2018-10-01 $194,950 (2.6%) $252,146 (-5.7%) 0.00 123
    2018-11-01 $195,000 (2.7%) $256,764 (-2.4%) 0.00 109
    2018-12-01 $189,500 (-0.2%) $238,346 (-9.6%) 0.00 104
    2019-01-01 $207,475 (12.5%) $239,841 (-5.1%) 0.00 91
    2019-02-01 $202,256 (13.0%) $253,347 (2.9%) 0.00 97
    2019-03-01 $213,320 (19.2%) $288,569 (14.7%) 0.00 110
    2019-04-01 $216,770 (18.5%) $283,866 (17.6%) 0.00 126
    2019-05-01 $222,720 (25.2%) $282,010 (17.4%) 0.00 129
    2019-06-01 $230,000 (24.7%) $283,742 (19.2%) 0.00 124
    2019-07-01 $234,375 (26.4%) $294,598 (25.0%) 0.00 125
    2019-08-01 $222,292 (13.7%) $294,736 (21.7%) 0.00 119
    2019-09-01 $222,910 (11.5%) $297,682 (19.0%) 0.00 110
    2019-10-01 $223,321 (14.6%) $297,143 (17.9%) 0.00 105
    2019-11-01 $219,900 (12.8%) $290,252 (13.0%) 0.00 106
    2019-12-01 $218,450 (15.3%) $298,629 (25.3%) 0.00 99
    2020-01-01 $211,350 (1.9%) $294,847 (22.9%) 0.00 99
    2020-02-01 $234,750 (16.1%) $292,147 (15.3%) 0.00 110
    2020-03-01 $248,750 (16.6%) $302,361 (4.8%) 0.00 96
    2020-04-01 $249,450 (15.1%) $305,203 (7.5%) 0.00 87
    2020-05-01 $210,000 (-5.7%) $296,581 (5.2%) 0.00 78
    2020-06-01 $221,750 (-3.6%) $316,054 (11.4%) 0.00 75
    2020-07-01 $208,498 (-11.0%) $267,669 (-9.1%) 0.00 71
    2020-08-01 $199,750 (-10.1%) $261,841 (-11.2%) 0.00 66
    2020-09-01 $226,950 (1.8%) $281,916 (-5.3%) 0.00 59
    2020-10-01 $229,000 (2.5%) $302,911 (1.9%) 0.00 55
    2020-11-01 $215,000 (-2.2%) $296,956 (2.3%) 0.00 61
    2020-12-01 $213,750 (-2.2%) $299,979 (0.5%) 0.00 61
    2021-01-01 $219,000 (3.6%) $307,482 (4.3%) 0.00 56
    2021-02-01 $246,200 (4.9%) $339,493 (16.2%) 0.00 44
    2021-03-01 $253,500 (1.9%) $353,525 (16.9%) 0.00 41
    2021-04-01 $244,125 (-2.1%) $317,147 (3.9%) 0.00 44
    2021-05-01 $250,425 (19.3%) $328,782 (10.9%) 0.00 44
    2021-06-01 $246,115 (11.0%) $318,449 (0.8%) 0.00 59
    2021-07-01 $249,500 (19.7%) $346,404 (29.4%) 0.00 60
    2021-08-01 $264,600 (32.5%) $378,220 (44.5%) 0.00 58
    2021-09-01 $263,250 (16.0%) $394,572 (40.0%) 0.00 69
    2021-10-01 $259,900 (13.5%) $383,818 (26.7%) 0.00 83
    2021-11-01 $262,975 (22.3%) $404,407 (36.2%) 0.00 67
    2021-12-01 $272,475 (27.5%) $417,076 (39.0%) 0.00 58
    2022-01-01 $273,450 (24.9%) $443,774 (44.3%) 0.00 48
    2022-02-01 $262,475 (6.6%) $431,738 (27.2%) 0.00 53
    2022-03-01 $272,100 (7.3%) $396,406 (12.1%) 0.00 49
    2022-04-01 $273,500 (12.0%) $359,335 (13.3%) 0.00 51
    2022-05-01 $283,000 (13.0%) $367,932 (11.9%) 0.00 58
    2022-06-01 $289,825 (17.8%) $424,163 (33.2%) 0.00 69
    2022-07-01 $271,600 (8.9%) $383,329 (10.7%) 0.00 89
    2022-08-01 $283,188 (7.0%) $390,112 (3.1%) 0.00 94
    2022-09-01 $286,625 (8.9%) $392,838 (-0.4%) 0.00 94
    2022-10-01 $294,000 (13.1%) $381,439 (-0.6%) 0.00 105
    2022-11-01 $280,913 (6.8%) $370,791 (-8.3%) 0.00 122
    2022-12-01 $267,000 (-2.0%) $353,021 (-15.4%) 0.00 122
    2023-01-01 $266,000 (-2.7%) $335,995 (-24.3%) 0.00 124
    2023-02-01 $259,675 (-1.1%) $326,403 (-24.4%) 0.00 119
    2023-03-01 $264,000 (-3.0%) $334,775 (-15.6%) 0.00 116
    2023-04-01 $279,000 (2.0%) $345,078 (-4.0%) 0.00 128
    2023-05-01 $316,125 (11.7%) $390,533 (6.1%) 0.00 128
    2023-06-01 $332,250 (14.6%) $400,653 (-5.5%) 0.00 132
    2023-07-01 $343,000 (26.3%) $421,901 (10.1%) 0.00 147
    2023-08-01 $332,000 (17.2%) $422,524 (8.3%) 0.00 150
    2023-09-01 $335,000 (16.9%) $423,303 (7.8%) 0.00 150
    2023-10-01 $330,725 (12.5%) $410,845 (7.7%) 0.00 159
    2023-11-01 $325,000 (15.7%) $405,675 (9.4%) 0.00 157
    2023-12-01 $319,000 (19.5%) $403,687 (14.4%) 0.00 157
    2024-01-01 $300,725 (13.1%) $380,829 (13.3%) 0.00 165
    2024-02-01 $299,675 (15.4%) $379,884 (16.4%) 0.00 163
    2024-03-01 $309,500 (17.2%) $385,260 (15.1%) 0.00 140
    Durant's median listing price for 2024-03-01 was $309,500, a difference of $45,500 (17.2%) versus the prior year and $9,825 versus the prior month.

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

    Durant's average listing price for 2024-03-01 was $385,260, a difference of $50,485 (15.1%) versus the prior year and $5,376 versus the prior month.

    For the 2024-03-01 period, Durant had 140 MLS listings, a difference of -23 listings (-14%) versus the prior month and 24 listings (21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Durant (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,951 sqft
    2018-02-01 0 days 1,926 sqft
    2018-03-01 0 days 1,902 sqft
    2018-04-01 0 days 1,883 sqft
    2018-05-01 0 days 1,869 sqft
    2018-06-01 0 days 1,897 sqft
    2018-07-01 0 days 1,897 sqft
    2018-08-01 0 days 1,902 sqft
    2018-09-01 0 days 1,915 sqft
    2018-10-01 0 days 1,899 sqft
    2018-11-01 0 days 1,946 sqft
    2018-12-01 0 days 1,856 sqft
    2019-01-01 0 days 1,850 sqft
    2019-02-01 0 days 1,850 sqft
    2019-03-01 0 days 1,877 sqft
    2019-04-01 0 days 1,894 sqft
    2019-05-01 0 days 2,028 sqft
    2019-06-01 0 days 2,082 sqft
    2019-07-01 0 days 2,023 sqft
    2019-08-01 0 days 1,985 sqft
    2019-09-01 0 days 2,032 sqft
    2019-10-01 0 days 2,057 sqft
    2019-11-01 0 days 1,985 sqft
    2019-12-01 0 days 1,946 sqft
    2020-01-01 0 days 1,861 sqft
    2020-02-01 0 days 1,941 sqft
    2020-03-01 0 days 1,979 sqft
    2020-04-01 0 days 2,070 sqft
    2020-05-01 0 days 1,900 sqft
    2020-06-01 0 days 1,993 sqft
    2020-07-01 0 days 1,998 sqft
    2020-08-01 0 days 1,968 sqft
    2020-09-01 0 days 2,143 sqft
    2020-10-01 0 days 2,141 sqft
    2020-11-01 0 days 2,012 sqft
    2020-12-01 0 days 2,038 sqft
    2021-01-01 0 days 2,107 sqft
    2021-02-01 0 days 2,174 sqft
    2021-03-01 0 days 2,203 sqft
    2021-04-01 0 days 1,925 sqft
    2021-05-01 0 days 2,045 sqft
    2021-06-01 0 days 1,994 sqft
    2021-07-01 0 days 1,928 sqft
    2021-08-01 0 days 2,026 sqft
    2021-09-01 0 days 1,912 sqft
    2021-10-01 0 days 1,890 sqft
    2021-11-01 0 days 1,892 sqft
    2021-12-01 0 days 1,883 sqft
    2022-01-01 0 days 1,839 sqft
    2022-02-01 0 days 1,773 sqft
    2022-03-01 0 days 1,718 sqft
    2022-04-01 0 days 1,730 sqft
    2022-05-01 0 days 1,728 sqft
    2022-06-01 0 days 1,738 sqft
    2022-07-01 0 days 1,788 sqft
    2022-08-01 0 days 1,830 sqft
    2022-09-01 0 days 1,825 sqft
    2022-10-01 0 days 1,855 sqft
    2022-11-01 0 days 1,833 sqft
    2022-12-01 0 days 1,832 sqft
    2023-01-01 0 days 1,821 sqft
    2023-02-01 0 days 1,754 sqft
    2023-03-01 0 days 1,830 sqft
    2023-04-01 0 days 1,855 sqft
    2023-05-01 0 days 1,875 sqft
    2023-06-01 0 days 1,948 sqft
    2023-07-01 0 days 1,928 sqft
    2023-08-01 0 days 1,908 sqft
    2023-09-01 0 days 1,928 sqft
    2023-10-01 0 days 1,901 sqft
    2023-11-01 0 days 1,874 sqft
    2023-12-01 0 days 1,836 sqft
    2024-01-01 0 days 1,821 sqft
    2024-02-01 0 days 1,799 sqft
    2024-03-01 0 days 1,836 sqft
    Durant's median listing age (time on market) for 2024-03-01 was 0 days.

    Durant's median square footage for active listings during the 2024-03-01 period was 1,836 sqft. One year prior, the average listing was 1,830 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.