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 33 lenders originated 146 VA loans during 2024. The total origination value was $35,220,000, with an average VA loan value of $241,233.

    Enid VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Enid averaged 0.71% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Enid's average VA mortgage closing costs are $5,341.

    The average rate for the prior week (2025-06-27) was 6.64% and one month ago for the week of 2025-05-30, the average rate was 6.87%.

    The average rate one year ago was 6.99%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.2%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 34 6.50% $4,525
    NBKC BANK 15 6.22% $6,128
    Gateway First Bank 8 6.25% $5,502
    Great Plains National Bank 8 6.03% $8,169
    UNITED WHOLESALE MORTGAGE, LLC 7 5.96% $6,304
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.65% $2,996
    NAVY FEDERAL CREDIT UNION 5 6.13% $6,868
    QUICKEN LOANS, LLC 4 5.99% $7,395
    USAA Federal Savings Bank 4 6.22% $6,933
    FREEDOM MORTGAGE CORPORATION 4 5.81% $9,402
    PENNYMAC LOAN SERVICES, LLC 3 5.88% $4,282
    American Mortgage Bank, LLC 2 6.19% $13,587
    BOKF 2 6.63% $8,279
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.13% $4,108
    NORWICH COMMERCIAL GROUP, INC. 2 5.94% $8,690
    PLANET HOME LENDING, LLC 2 6.38% $2,507
    MORTGAGE CLEARING CORPORATION 1 6.63% $2,907
    FLAT BRANCH MORTGAGE, INC. 1 7.63% $3,341
    Tinker Federal Credit Union 1 6.88% $3,372
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.00% $5,198
    ENVOY MORTGAGE, LTD 1 5.63% $6,052
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $10,548
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.25% $3,386
    Old National Bank 1 5.88% $4,994
    Paramount Residential Mortgage Group, Inc. 1 6.75% $4,152
    CORNERSTONE HOME LENDING, INC. 1 7.75% $2,472
    AMERISAVE MORTGAGE CORPORATION 1 5.38% $9,701
    Cornerstone First Mortgage, Inc 1 6.25% $24,190
    CMG MORTGAGE, INC. 1 5.75% $9,245
    The Federal Savings Bank 1 5.13% $12,664
    GUILD MORTGAGE COMPANY 1 6.13% $5,610
    JPMorgan Chase Bank 1 6.50% $6,638
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $6,627

    The top Enid VA lender as defined by loan originations is Mortgage Research Center, LLC, with 34 VA loans originated. Their average total fees are $4,525, which is $1,603 lower than the next largest lender, NBKC BANK.

    The lowest fee Enid VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,525), NBKC BANK ($6,128), .

    The lowest rate Enid VA lenders (with over 10 loans originated) are NBKC BANK (6.22%), Mortgage Research Center, LLC (6.50%), .

    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.