Enid VA Loan Rates, Closing Costs & Stats

ENID, 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.

    Enid's 27 lenders originated 176 VA loans during 2023. The total origination value was $40,420,000, with an average VA loan value of $229,659.

    Enid VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Enid averaged 6.85% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Enid's average VA mortgage closing costs are $5,248.

    The average rate for the prior week (2024-04-12) was 6.88% and one month ago for the week of 2024-03-15, the average rate was 6.85%.

    The average rate one year ago was 6.34%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Enid 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 Enid level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 35 6.72% $5,034
    Gateway First Bank 11 6.33% $7,063
    NAVY FEDERAL CREDIT UNION 11 5.78% $5,727
    USAA Federal Savings Bank 8 6.28% $6,963
    BOKF 8 6.88% $7,237
    PRIMELENDING, A PLAINSCAPITAL COMPANY 7 6.80% $4,021
    NBKC BANK 7 6.20% $7,414
    UNITED WHOLESALE MORTGAGE, LLC 7 6.09% $9,189
    QUICKEN LOANS, LLC 5 6.37% $6,074
    Paramount Residential Mortgage Group, Inc. 4 6.09% $6,477
    CMG MORTGAGE, INC. 3 6.54% $8,267
    FINANCIAL CONCEPTS MORTGAGE, LLC 3 6.04% $2,834
    First United Bank and Trust Company 3 6.83% $5,605
    AMCAP MORTGAGE, LTD. 2 6.75% $10,258
    Armed Forces Bank 2 6.00% $7,371
    CORNERSTONE HOME LENDING, INC. 2 7.44% $7,090
    OPEN MORTGAGE, LLC 2 6.63% $7,639
    VAN DYK MORTGAGE CORPORATION 1 7.13% $8,628
    JPMorgan Chase Bank 1 5.49% $1,885
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $6,450
    CARDINAL FINANCIAL 1 6.25% $7,082
    BROKER SOLUTIONS, INC. 1 5.75% $10,607
    Stride Bank 1 6.75% $9,645
    ASSOCIATED MORTGAGE CORPORATION 1 6.63% $2,807
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $7,053
    U.S. Bank 1 7.13% $0
    NEW DAY FINANCIAL, LLC 1 7.49% $7,405

    The top Enid VA lender as defined by loan originations is Mortgage Research Center, LLC, with 35 VA loans originated. Their average total fees are $5,034, which is $2,029 lower than the next largest lender, Gateway First Bank.

    The lowest fee Enid VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,034), NAVY FEDERAL CREDIT UNION ($5,727), Gateway First Bank ($7,063), .

    The lowest rate Enid VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.78%), Gateway First Bank (6.33%), Mortgage Research Center, LLC (6.72%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Enid (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 $147,100 (-8.0%) $187,567 (-1.2%) 0.00 284
    2018-02-01 $142,225 (-13.5%) $182,857 (-5.6%) 0.00 273
    2018-03-01 $149,950 (-9.1%) $189,762 (-1.8%) 0.00 274
    2018-04-01 $153,550 (-7.8%) $195,155 (-1.2%) 0.00 271
    2018-05-01 $152,675 (-10.1%) $197,506 (0.2%) 0.00 276
    2018-06-01 $159,000 (-4.2%) $198,887 (0.1%) 0.00 285
    2018-07-01 $153,450 (-9.2%) $196,389 (-3.5%) 0.00 308
    2018-08-01 $157,450 (-3.9%) $206,114 (1.9%) 0.00 304
    2018-09-01 $165,900 (6.0%) $209,988 (7.8%) 0.00 301
    2018-10-01 $167,500 (11.2%) $212,531 (12.4%) 0.00 283
    2018-11-01 $161,825 (9.3%) $212,436 (12.1%) 0.00 276
    2018-12-01 $159,900 (9.2%) $205,089 (9.2%) 0.00 258
    2019-01-01 $165,500 (12.5%) $208,659 (11.3%) 0.00 246
    2019-02-01 $165,250 (16.2%) $211,602 (15.7%) 0.00 250
    2019-03-01 $175,786 (17.2%) $211,017 (11.2%) 0.00 267
    2019-04-01 $176,511 (15.0%) $208,870 (7.0%) 0.00 274
    2019-05-01 $161,875 (6.0%) $199,971 (1.3%) 0.00 287
    2019-06-01 $167,250 (5.2%) $206,264 (3.7%) 0.00 293
    2019-07-01 $166,875 (8.8%) $206,287 (5.0%) 0.00 277
    2019-08-01 $169,655 (7.8%) $209,085 (1.4%) 0.00 269
    2019-09-01 $169,286 (2.0%) $207,747 (-1.1%) 0.00 265
    2019-10-01 $169,041 (0.9%) $206,856 (-2.7%) 0.00 262
    2019-11-01 $169,900 (5.0%) $205,724 (-3.2%) 0.00 264
    2019-12-01 $159,900 (0.0%) $194,269 (-5.3%) 0.00 252
    2020-01-01 $152,625 (-7.8%) $188,339 (-9.7%) 0.00 253
    2020-02-01 $154,950 (-6.2%) $187,959 (-11.2%) 0.00 246
    2020-03-01 $174,825 (-0.6%) $210,605 (-0.2%) 0.00 231
    2020-04-01 $171,500 (-2.8%) $209,018 (0.1%) 0.00 239
    2020-05-01 $174,450 (7.8%) $210,861 (5.5%) 0.00 220
    2020-06-01 $171,450 (2.5%) $209,788 (1.7%) 0.00 213
    2020-07-01 $170,000 (1.9%) $213,059 (3.3%) 0.00 196
    2020-08-01 $169,900 (0.1%) $211,872 (1.3%) 0.00 181
    2020-09-01 $171,975 (1.6%) $213,303 (2.7%) 0.00 180
    2020-10-01 $176,200 (4.2%) $206,144 (-0.3%) 0.00 188
    2020-11-01 $174,925 (3.0%) $199,125 (-3.2%) 0.00 169
    2020-12-01 $174,500 (9.1%) $197,553 (1.7%) 0.00 157
    2021-01-01 $169,900 (11.3%) $197,611 (4.9%) 0.00 141
    2021-02-01 $157,875 (1.9%) $189,783 (1.0%) 0.00 129
    2021-03-01 $157,700 (-9.8%) $188,392 (-10.6%) 0.00 119
    2021-04-01 $157,825 (-8.0%) $190,551 (-8.8%) 0.00 108
    2021-05-01 $152,450 (-12.6%) $200,909 (-4.7%) 0.00 103
    2021-06-01 $164,950 (-3.8%) $209,669 (-0.1%) 0.00 102
    2021-07-01 $159,900 (-5.9%) $204,123 (-4.2%) 0.00 126
    2021-08-01 $149,900 (-11.8%) $196,500 (-7.3%) 0.00 157
    2021-09-01 $146,225 (-15.0%) $202,293 (-5.2%) 0.00 153
    2021-10-01 $149,900 (-14.9%) $209,934 (1.8%) 0.00 151
    2021-11-01 $148,425 (-15.2%) $213,080 (7.0%) 0.00 152
    2021-12-01 $148,900 (-14.7%) $216,678 (9.7%) 0.00 143
    2022-01-01 $138,700 (-18.4%) $215,582 (9.1%) 0.00 125
    2022-02-01 $128,700 (-18.5%) $217,940 (14.8%) 0.00 113
    2022-03-01 $134,250 (-14.9%) $241,245 (28.1%) 0.00 88
    2022-04-01 $155,000 (-1.8%) $253,429 (33.0%) 0.00 81
    2022-05-01 $174,925 (14.7%) $261,459 (30.1%) 0.00 86
    2022-06-01 $179,575 (8.9%) $264,129 (26.0%) 0.00 91
    2022-07-01 $182,000 (13.8%) $229,323 (12.4%) 0.00 112
    2022-08-01 $182,375 (21.7%) $224,185 (14.1%) 0.00 124
    2022-09-01 $188,000 (28.6%) $233,524 (15.4%) 0.00 129
    2022-10-01 $190,000 (26.8%) $234,207 (11.6%) 0.00 142
    2022-11-01 $192,000 (29.4%) $224,584 (5.4%) 0.00 144
    2022-12-01 $196,200 (31.8%) $221,287 (2.1%) 0.00 143
    2023-01-01 $199,900 (44.1%) $237,516 (10.2%) 0.00 131
    2023-02-01 $199,800 (55.2%) $235,619 (8.1%) 0.00 138
    2023-03-01 $236,225 (76.0%) $265,325 (10.0%) 0.00 128
    2023-04-01 $239,950 (54.8%) $259,196 (2.3%) 0.00 134
    2023-05-01 $276,100 (57.8%) $275,652 (5.4%) 0.00 128
    2023-06-01 $229,450 (27.8%) $261,327 (-1.1%) 0.00 121
    2023-07-01 $224,700 (23.5%) $260,212 (13.5%) 0.00 127
    2023-08-01 $217,875 (19.5%) $254,745 (13.6%) 0.00 136
    2023-09-01 $195,900 (4.2%) $242,166 (3.7%) 0.00 153
    2023-10-01 $219,950 (15.8%) $264,323 (12.9%) 0.00 151
    2023-11-01 $219,450 (14.3%) $262,814 (17.0%) 0.00 152
    2023-12-01 $230,000 (17.2%) $267,021 (20.7%) 0.00 164
    2024-01-01 $247,475 (23.8%) $277,537 (16.9%) 0.00 162
    2024-02-01 $243,950 (22.1%) $266,931 (13.3%) 0.00 175
    2024-03-01 $237,900 (0.7%) $256,774 (-3.2%) 0.00 167
    Enid's median listing price for 2024-03-01 was $237,900, a difference of $1,675 (0.7%) versus the prior year and $-6,050 versus the prior month.

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

    Enid's average listing price for 2024-03-01 was $256,774, a difference of $-8,551 (-3.2%) versus the prior year and $-10,157 versus the prior month.

    For the 2024-03-01 period, Enid had 167 MLS listings, a difference of -8 listings (-5%) versus the prior month and 39 listings (30%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Enid (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,906 sqft
    2018-02-01 0 days 1,898 sqft
    2018-03-01 0 days 1,914 sqft
    2018-04-01 0 days 1,935 sqft
    2018-05-01 0 days 1,940 sqft
    2018-06-01 0 days 1,904 sqft
    2018-07-01 0 days 1,876 sqft
    2018-08-01 0 days 1,838 sqft
    2018-09-01 0 days 1,844 sqft
    2018-10-01 0 days 1,863 sqft
    2018-11-01 0 days 1,840 sqft
    2018-12-01 0 days 1,824 sqft
    2019-01-01 0 days 1,869 sqft
    2019-02-01 0 days 1,925 sqft
    2019-03-01 0 days 1,924 sqft
    2019-04-01 0 days 1,923 sqft
    2019-05-01 0 days 1,871 sqft
    2019-06-01 0 days 1,803 sqft
    2019-07-01 0 days 1,808 sqft
    2019-08-01 0 days 1,825 sqft
    2019-09-01 0 days 1,816 sqft
    2019-10-01 0 days 1,810 sqft
    2019-11-01 0 days 1,819 sqft
    2019-12-01 0 days 1,761 sqft
    2020-01-01 0 days 1,737 sqft
    2020-02-01 0 days 1,730 sqft
    2020-03-01 0 days 1,833 sqft
    2020-04-01 0 days 1,870 sqft
    2020-05-01 0 days 1,879 sqft
    2020-06-01 0 days 1,855 sqft
    2020-07-01 0 days 1,918 sqft
    2020-08-01 0 days 1,931 sqft
    2020-09-01 0 days 1,965 sqft
    2020-10-01 0 days 1,858 sqft
    2020-11-01 0 days 1,886 sqft
    2020-12-01 0 days 1,844 sqft
    2021-01-01 0 days 1,845 sqft
    2021-02-01 0 days 1,736 sqft
    2021-03-01 0 days 1,799 sqft
    2021-04-01 0 days 1,880 sqft
    2021-05-01 0 days 1,796 sqft
    2021-06-01 0 days 1,800 sqft
    2021-07-01 0 days 1,812 sqft
    2021-08-01 0 days 1,695 sqft
    2021-09-01 0 days 1,640 sqft
    2021-10-01 0 days 1,686 sqft
    2021-11-01 0 days 1,697 sqft
    2021-12-01 0 days 1,698 sqft
    2022-01-01 0 days 1,647 sqft
    2022-02-01 0 days 1,553 sqft
    2022-03-01 0 days 1,575 sqft
    2022-04-01 0 days 1,620 sqft
    2022-05-01 0 days 1,687 sqft
    2022-06-01 0 days 1,780 sqft
    2022-07-01 0 days 1,757 sqft
    2022-08-01 0 days 1,819 sqft
    2022-09-01 0 days 1,848 sqft
    2022-10-01 0 days 1,864 sqft
    2022-11-01 0 days 1,849 sqft
    2022-12-01 0 days 1,750 sqft
    2023-01-01 0 days 1,755 sqft
    2023-02-01 0 days 1,744 sqft
    2023-03-01 0 days 1,796 sqft
    2023-04-01 0 days 1,850 sqft
    2023-05-01 0 days 1,937 sqft
    2023-06-01 0 days 1,786 sqft
    2023-07-01 0 days 1,797 sqft
    2023-08-01 0 days 1,748 sqft
    2023-09-01 0 days 1,754 sqft
    2023-10-01 0 days 1,812 sqft
    2023-11-01 0 days 1,803 sqft
    2023-12-01 0 days 1,867 sqft
    2024-01-01 0 days 1,952 sqft
    2024-02-01 0 days 1,995 sqft
    2024-03-01 0 days 1,925 sqft
    Enid's median listing age (time on market) for 2024-03-01 was 0 days.

    Enid's median square footage for active listings during the 2024-03-01 period was 1,925 sqft. One year prior, the average listing was 1,796 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.