Lawton VA Loan Rates, Closing Costs & Stats
LAWTON, OK
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.
Lawton's 84 lenders originated 797 VA loans during 2023. The total origination value was $185,925,000, with an average VA loan value of $233,281.
Lawton VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Lawton
averaged
6.02%
for the week of 2024-10-04, compared to the national average (all VA variants) of
5.596% for the same period.
Lawton's average VA mortgage closing costs are $5,221.
The average rate for the prior week (2024-09-27) was
5.85% and
one month ago for the week of 2024-08-30, the
average rate was 6.18%.
The average rate one year ago was 7.11%.
For refis of the same type during the week of 2024-10-04, the average rate
was 5.64%.
Lawton 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 Lawton level.
The top Lawton VA lender as defined by loan originations is Mortgage Research Center, LLC, with
211 VA loans originated. Their average total fees are
$5,167, which is $2,916
lower than the next largest lender,
First United Bank and Trust Company.
The lowest fee Lawton VA lenders (with over 10 loans originated) are
Arvest Bank ($2,862), MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,112), PRIMELENDING, A PLAINSCAPITAL COMPANY ($5,110), Mortgage Research Center, LLC ($5,167) and NAVY FEDERAL CREDIT UNION ($5,531).
The lowest rate Lawton VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (5.31%), NAVY FEDERAL CREDIT UNION (5.84%), QUICKEN LOANS, LLC (6.20%), GUARANTEED RATE, INC. (6.22%) and USAA Federal Savings Bank (6.36%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Lawton (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $109,925 (-1.8%) | $135,906 (2.5%) | 0.00 | 777 |
2018-02-01 | $113,675 (-0.9%) | $139,216 (2.6%) | 0.00 | 777 |
2018-03-01 | $119,900 (2.4%) | $145,093 (3.8%) | 0.00 | 759 |
2018-04-01 | $119,950 (4.3%) | $147,363 (4.8%) | 0.00 | 757 |
2018-05-01 | $118,700 (-0.5%) | $146,459 (2.4%) | 0.00 | 778 |
2018-06-01 | $119,900 (0.8%) | $148,132 (3.8%) | 0.00 | 783 |
2018-07-01 | $119,700 (1.4%) | $148,714 (4.2%) | 0.00 | 797 |
2018-08-01 | $119,950 (3.9%) | $149,194 (7.5%) | 0.00 | 769 |
2018-09-01 | $127,750 (14.1%) | $152,244 (11.9%) | 0.00 | 742 |
2018-10-01 | $121,375 (10.4%) | $149,056 (9.2%) | 0.00 | 724 |
2018-11-01 | $119,900 (4.3%) | $147,890 (7.0%) | 0.00 | 707 |
2018-12-01 | $119,000 (8.2%) | $145,229 (6.0%) | 0.00 | 715 |
2019-01-01 | $118,250 (7.6%) | $144,885 (6.6%) | 0.00 | 661 |
2019-02-01 | $117,450 (3.3%) | $144,212 (3.6%) | 0.00 | 656 |
2019-03-01 | $119,943 (0.0%) | $148,701 (2.5%) | 0.00 | 642 |
2019-04-01 | $119,993 (0.0%) | $151,109 (2.5%) | 0.00 | 617 |
2019-05-01 | $119,963 (1.1%) | $150,002 (2.4%) | 0.00 | 608 |
2019-06-01 | $120,000 (0.1%) | $147,013 (-0.8%) | 0.00 | 600 |
2019-07-01 | $124,450 (4.0%) | $148,589 (-0.1%) | 0.00 | 600 |
2019-08-01 | $121,791 (1.5%) | $149,185 (0.0%) | 0.00 | 599 |
2019-09-01 | $120,727 (-5.5%) | $150,269 (-1.3%) | 0.00 | 588 |
2019-10-01 | $120,568 (-0.7%) | $152,970 (2.6%) | 0.00 | 586 |
2019-11-01 | $123,500 (3.0%) | $156,902 (6.1%) | 0.00 | 574 |
2019-12-01 | $122,875 (3.3%) | $156,470 (7.7%) | 0.00 | 568 |
2020-01-01 | $121,725 (2.9%) | $157,103 (8.4%) | 0.00 | 540 |
2020-02-01 | $119,900 (2.1%) | $154,333 (7.0%) | 0.00 | 531 |
2020-03-01 | $120,900 (0.8%) | $155,590 (4.6%) | 0.00 | 504 |
2020-04-01 | $120,750 (0.6%) | $161,000 (6.6%) | 0.00 | 461 |
2020-05-01 | $121,000 (0.9%) | $165,327 (10.2%) | 0.00 | 430 |
2020-06-01 | $122,475 (2.1%) | $165,694 (12.7%) | 0.00 | 369 |
2020-07-01 | $129,700 (4.2%) | $168,677 (13.5%) | 0.00 | 311 |
2020-08-01 | $125,900 (3.4%) | $167,795 (12.5%) | 0.00 | 285 |
2020-09-01 | $121,375 (0.5%) | $162,413 (8.1%) | 0.00 | 285 |
2020-10-01 | $118,500 (-1.7%) | $157,649 (3.1%) | 0.00 | 285 |
2020-11-01 | $115,500 (-6.5%) | $157,103 (0.1%) | 0.00 | 272 |
2020-12-01 | $115,825 (-5.7%) | $155,243 (-0.8%) | 0.00 | 262 |
2021-01-01 | $104,975 (-13.8%) | $141,600 (-9.9%) | 0.00 | 235 |
2021-02-01 | $98,700 (-17.7%) | $141,272 (-8.5%) | 0.00 | 200 |
2021-03-01 | $105,750 (-12.5%) | $159,057 (2.2%) | 0.00 | 154 |
2021-04-01 | $107,625 (-10.9%) | $159,118 (-1.2%) | 0.00 | 158 |
2021-05-01 | $106,000 (-12.4%) | $154,912 (-6.3%) | 0.00 | 151 |
2021-06-01 | $113,725 (-7.1%) | $167,473 (1.1%) | 0.00 | 190 |
2021-07-01 | $119,900 (-7.6%) | $172,640 (2.4%) | 0.00 | 240 |
2021-08-01 | $119,700 (-4.9%) | $167,261 (-0.3%) | 0.00 | 255 |
2021-09-01 | $112,200 (-7.6%) | $159,670 (-1.7%) | 0.00 | 268 |
2021-10-01 | $110,000 (-7.2%) | $161,035 (2.2%) | 0.00 | 277 |
2021-11-01 | $108,875 (-5.7%) | $166,872 (6.2%) | 0.00 | 258 |
2021-12-01 | $107,700 (-7.0%) | $165,814 (6.8%) | 0.00 | 241 |
2022-01-01 | $109,900 (4.7%) | $169,460 (19.7%) | 0.00 | 185 |
2022-02-01 | $108,450 (9.9%) | $166,291 (17.7%) | 0.00 | 159 |
2022-03-01 | $99,700 (-5.7%) | $168,989 (6.2%) | 0.00 | 156 |
2022-04-01 | $132,000 (22.7%) | $189,489 (19.1%) | 0.00 | 167 |
2022-05-01 | $145,000 (36.8%) | $199,180 (28.6%) | 0.00 | 184 |
2022-06-01 | $144,749 (27.3%) | $195,705 (16.9%) | 0.00 | 250 |
2022-07-01 | $155,000 (29.3%) | $204,593 (18.5%) | 0.00 | 288 |
2022-08-01 | $159,725 (33.4%) | $210,836 (26.1%) | 0.00 | 275 |
2022-09-01 | $144,325 (28.6%) | $203,627 (27.5%) | 0.00 | 291 |
2022-10-01 | $159,450 (45.0%) | $212,677 (32.1%) | 0.00 | 330 |
2022-11-01 | $186,432 (71.2%) | $216,195 (29.6%) | 0.00 | 326 |
2022-12-01 | $183,465 (70.4%) | $210,295 (26.8%) | 0.00 | 319 |
2023-01-01 | $186,600 (69.8%) | $217,067 (28.1%) | 0.00 | 297 |
2023-02-01 | $216,488 (99.6%) | $237,921 (43.1%) | 0.00 | 269 |
2023-03-01 | $230,000 (130.7%) | $263,229 (55.8%) | 0.00 | 242 |
2023-04-01 | $235,000 (78.0%) | $263,588 (39.1%) | 0.00 | 239 |
2023-05-01 | $240,750 (66.0%) | $273,275 (37.2%) | 0.00 | 252 |
2023-06-01 | $252,450 (74.4%) | $281,176 (43.7%) | 0.00 | 244 |
2023-07-01 | $235,000 (51.6%) | $271,808 (32.9%) | 0.00 | 247 |
2023-08-01 | $227,625 (42.5%) | $267,915 (27.1%) | 0.00 | 244 |
2023-09-01 | $225,000 (55.9%) | $246,818 (21.2%) | 0.00 | 261 |
2023-10-01 | $195,000 (22.3%) | $228,914 (7.6%) | 0.00 | 292 |
2023-11-01 | $189,125 (1.4%) | $223,673 (3.5%) | 0.00 | 303 |
2023-12-01 | $195,000 (6.3%) | $225,324 (7.2%) | 0.00 | 313 |
2024-01-01 | $203,688 (9.2%) | $231,902 (6.8%) | 0.00 | 288 |
2024-02-01 | $197,000 (-9.0%) | $232,670 (-2.2%) | 0.00 | 279 |
2024-03-01 | $193,450 (-15.9%) | $238,031 (-9.6%) | 0.00 | 280 |
2024-04-01 | $210,000 (-10.6%) | $244,216 (-7.4%) | 0.00 | 297 |
2024-05-01 | $216,875 (-9.9%) | $251,592 (-7.9%) | 0.00 | 297 |
2024-06-01 | $218,750 (-13.4%) | $249,721 (-11.2%) | 0.00 | 339 |
2024-07-01 | $212,500 (-9.6%) | $238,638 (-12.2%) | 0.00 | 361 |
2024-08-01 | $199,900 (-12.2%) | $230,759 (-13.9%) | 0.00 | 385 |
2024-09-01 | $184,631 (-17.9%) | $221,711 (-10.2%) | 0.00 | 426 |
Lawton's median listing price comes in at 0% of the national average.
Lawton's average listing price for 2024-09-01 was $221,711, a difference of $-25,107 (-10.2%) versus the prior year and $-9,048 versus the prior month.
For the 2024-09-01 period, Lawton had 426 MLS listings, a difference of 41 listings (11%) versus the prior month and 165 listings (63%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Lawton (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,600 sqft |
2018-02-01 | 0 days | 1,600 sqft |
2018-03-01 | 0 days | 1,600 sqft |
2018-04-01 | 0 days | 1,600 sqft |
2018-05-01 | 0 days | 1,600 sqft |
2018-06-01 | 0 days | 1,600 sqft |
2018-07-01 | 0 days | 1,600 sqft |
2018-08-01 | 0 days | 1,600 sqft |
2018-09-01 | 0 days | 1,600 sqft |
2018-10-01 | 0 days | 1,600 sqft |
2018-11-01 | 0 days | 1,600 sqft |
2018-12-01 | 0 days | 1,600 sqft |
2019-01-01 | 0 days | 1,600 sqft |
2019-02-01 | 0 days | 1,600 sqft |
2019-03-01 | 0 days | 1,600 sqft |
2019-04-01 | 0 days | 1,600 sqft |
2019-05-01 | 0 days | 1,600 sqft |
2019-06-01 | 0 days | 1,600 sqft |
2019-07-01 | 0 days | 1,600 sqft |
2019-08-01 | 0 days | 1,600 sqft |
2019-09-01 | 0 days | 1,600 sqft |
2019-10-01 | 0 days | 1,600 sqft |
2019-11-01 | 0 days | 1,600 sqft |
2019-12-01 | 0 days | 1,600 sqft |
2020-01-01 | 0 days | 1,600 sqft |
2020-02-01 | 0 days | 1,600 sqft |
2020-03-01 | 0 days | 1,600 sqft |
2020-04-01 | 0 days | 1,600 sqft |
2020-05-01 | 0 days | 1,600 sqft |
2020-06-01 | 0 days | 1,612 sqft |
2020-07-01 | 0 days | 1,700 sqft |
2020-08-01 | 0 days | 1,653 sqft |
2020-09-01 | 0 days | 1,600 sqft |
2020-10-01 | 0 days | 1,600 sqft |
2020-11-01 | 0 days | 1,600 sqft |
2020-12-01 | 0 days | 1,600 sqft |
2021-01-01 | 0 days | 1,500 sqft |
2021-02-01 | 0 days | 1,500 sqft |
2021-03-01 | 0 days | 1,450 sqft |
2021-04-01 | 0 days | 1,494 sqft |
2021-05-01 | 0 days | 1,500 sqft |
2021-06-01 | 0 days | 1,540 sqft |
2021-07-01 | 0 days | 1,500 sqft |
2021-08-01 | 0 days | 1,500 sqft |
2021-09-01 | 0 days | 1,400 sqft |
2021-10-01 | 0 days | 1,400 sqft |
2021-11-01 | 0 days | 1,400 sqft |
2021-12-01 | 0 days | 1,400 sqft |
2022-01-01 | 0 days | 1,400 sqft |
2022-02-01 | 0 days | 1,400 sqft |
2022-03-01 | 0 days | 1,450 sqft |
2022-04-01 | 0 days | 1,600 sqft |
2022-05-01 | 0 days | 1,600 sqft |
2022-06-01 | 0 days | 1,600 sqft |
2022-07-01 | 0 days | 1,600 sqft |
2022-08-01 | 0 days | 1,625 sqft |
2022-09-01 | 0 days | 1,600 sqft |
2022-10-01 | 0 days | 1,664 sqft |
2022-11-01 | 0 days | 1,700 sqft |
2022-12-01 | 0 days | 1,700 sqft |
2023-01-01 | 0 days | 1,701 sqft |
2023-02-01 | 0 days | 1,800 sqft |
2023-03-01 | 0 days | 1,804 sqft |
2023-04-01 | 0 days | 1,820 sqft |
2023-05-01 | 0 days | 1,850 sqft |
2023-06-01 | 0 days | 1,900 sqft |
2023-07-01 | 0 days | 1,900 sqft |
2023-08-01 | 0 days | 1,800 sqft |
2023-09-01 | 0 days | 1,800 sqft |
2023-10-01 | 0 days | 1,800 sqft |
2023-11-01 | 0 days | 1,700 sqft |
2023-12-01 | 0 days | 1,700 sqft |
2024-01-01 | 0 days | 1,782 sqft |
2024-02-01 | 0 days | 1,762 sqft |
2024-03-01 | 0 days | 1,700 sqft |
2024-04-01 | 0 days | 1,700 sqft |
2024-05-01 | 0 days | 1,800 sqft |
2024-06-01 | 0 days | 1,775 sqft |
2024-07-01 | 0 days | 1,700 sqft |
2024-08-01 | 0 days | 1,700 sqft |
2024-09-01 | 0 days | 1,632 sqft |
Lawton's median square footage for active listings during the 2024-09-01 period was 1,632 sqft. One year prior, the average listing was 1,800 sqft.