Lawton VA Loan Rates, Closing Costs & Stats

LAWTON, 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.

    Lawton's 74 lenders originated 972 VA loans during 2024. The total origination value was $237,320,000, with an average VA loan value of $244,156.

    Lawton VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lawton averaged 6.4% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Lawton's average VA mortgage closing costs are $5,424.

    The average rate for the prior week (2025-03-28) was 6.42% and one month ago for the week of 2025-02-28, the average rate was 6.59%.

    The average rate one year ago was 6.5%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.94%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 287 6.48% $4,942
    First United Bank and Trust Company 106 6.34% $8,259
    UNITED WHOLESALE MORTGAGE, LLC 53 6.00% $7,517
    NAVY FEDERAL CREDIT UNION 41 6.02% $4,476
    GUILD MORTGAGE COMPANY 38 6.83% $8,492
    FREEDOM MORTGAGE CORPORATION 34 6.39% $6,507
    QUICKEN LOANS, LLC 30 6.26% $8,366
    CORNERSTONE HOME LENDING, INC. 27 6.36% $6,471
    DHI MORTGAGE COMPANY, LTD. 25 4.94% $7,734
    PENNYMAC LOAN SERVICES, LLC 23 5.73% $6,939
    USAA Federal Savings Bank 21 6.42% $7,695
    PRIMELENDING, A PLAINSCAPITAL COMPANY 21 6.37% $5,199
    First National Bank and Trust Company 20 6.24% $9,062
    NEW DAY FINANCIAL, LLC 15 7.57% $10,500
    Arvest Bank 13 6.19% $4,723
    MORTGAGE SOLUTIONS OF COLORADO, LLC 11 7.11% $3,612
    FLAT BRANCH MORTGAGE, INC. 11 6.32% $7,639
    GUARANTEED RATE, INC. 10 6.39% $5,456
    VILLAGE CAPITAL MORTGAGE 10 5.97% $6,207
    CROSSCOUNTRY MORTGAGE, LLC 7 6.71% $9,355
    Stride Bank 7 6.11% $9,302
    American Mortgage Bank, LLC 6 6.88% $4,375
    HOMESIDE FINANCIAL, LLC 4 6.50% $9,315
    LOANPAL, LLC 4 5.81% $9,225
    Equity Prime Mortgage LLC 4 6.72% $9,946
    The Federal Savings Bank 4 6.22% $16,695
    NEWREZ LLC 4 5.88% $6,276
    Carrington Mortgage Services, LLC 3 5.58% $9,366
    Gateway First Bank 3 6.42% $5,180
    BancFirst 3 6.37% $11,507
    JPMorgan Chase Bank 3 6.42% $3,618
    Network Funding, L.P. 3 6.58% $6,461
    ROYAL UNITED MORTGAGE LLC 3 6.83% $10,321
    LAKEVIEW LOAN SERVICING, LLC 3 6.12% $8,950
    Wells Fargo Bank 2 5.94% $8,128
    American Mortgage & Equity Consultants, Inc. 2 6.69% $8,848
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.44% $10,672
    Barrington Bank & Trust Company, N.A. 2 5.88% $5,685
    BROKER SOLUTIONS, INC. 2 6.88% $5,406
    CARDINAL FINANCIAL 2 7.19% $16,204
    Credence Funding Corporation 2 5.94% $10,146
    FORT SILL 2 6.38% $3,937
    MICHIGAN MUTUAL, INC. 2 6.75% $5,848
    MORTGAGEONE, INC. 2 6.44% $6,281
    MOVEMENT MORTGAGE, LLC 2 6.94% $13,570
    Mr. Cooper ( Nationstar Mortgage ) 2 6.69% $2,876
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.56% $15,407
    NBKC BANK 2 6.06% $11,070
    PENTAGON FEDERAL CREDIT UNION 2 6.44% $8,380
    PLAZA HOME MORTGAGE, INC. 2 5.75% $21,233
    AMERICAN FINANCING CORPORATION 1 5.75% $13,344
    LIBERTY HOME MORTGAGE CORPORATION 1 6.00% $15,411
    Lakeview Community Capital, LLC 1 5.75% $8,961
    Great Plains National Bank 1 5.75% $11,607
    Paramount Residential Mortgage Group, Inc. 1 6.25% $3,687
    GERSHMAN INVESTMENT CORP. 1 6.13% $6,715
    V.I.P. MORTGAGE, INC. 1 6.25% $16,184
    PHH Mortgage Corporation 1 5.63% $5,167
    Plains Commerce Bank 1 6.00% $7,959
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.50% $9,255
    Flagstar Bank, FSB 1 6.25% $7,002
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.49% $7,679
    CMG MORTGAGE, INC. 1 6.38% $14,105
    Sierra Pacific Mortgage Company, Inc. 1 6.25% $5,367
    SOUTHWEST FUNDING, LP 1 7.13% $9,004
    CLEARPATH LENDING 1 5.50% $11,192
    SUN WEST MORTGAGE COMPANY, INC. 1 6.88% $11,402
    Texana Bank 1 6.88% $18,973
    Midwest Mortgage Associates Corporation 1 6.63% $3,537
    Magnolia Bank 1 6.25% $14,499
    Armed Forces Bank 1 6.25% $8,259
    AMERITRUST MORTGAGE CORPORATION 1 6.00% $7,077
    Ameris Bank 1 5.75% $6,322
    LOANDEPOT.COM, LLC 1 6.50% $8,223

    The top Lawton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 287 VA loans originated. Their average total fees are $4,942, which is $3,317 lower than the next largest lender, First United Bank and Trust Company.

    The lowest fee Lawton VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,612), NAVY FEDERAL CREDIT UNION ($4,476), Arvest Bank ($4,723), Mortgage Research Center, LLC ($4,942) and PRIMELENDING, A PLAINSCAPITAL COMPANY ($5,199).

    The lowest rate Lawton VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.94%), PENNYMAC LOAN SERVICES, LLC (5.73%), VILLAGE CAPITAL MORTGAGE (5.97%), UNITED WHOLESALE MORTGAGE, LLC (6.00%) and NAVY FEDERAL CREDIT UNION (6.02%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lawton (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 $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%) 0.00 782
    2018-07-01 $119,575 (1.3%) $148,712 (4.2%) 0.00 796
    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 (4.1%) $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%) $248,148 (21.9%) 0.00 262
    2023-10-01 $195,500 (22.6%) $229,974 (8.1%) 0.00 293
    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 $214,000 (-11.1%) $251,069 (-8.1%) 0.00 297
    2024-06-01 $215,000 (-14.8%) $246,623 (-12.3%) 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 (-10.7%) 0.00 426
    2024-10-01 $192,725 (-1.4%) $223,785 (-2.7%) 0.00 425
    2024-11-01 $171,000 (-9.6%) $213,781 (-4.4%) 0.00 421
    2024-12-01 $174,700 (-10.4%) $215,174 (-4.5%) 0.00 403
    2025-01-01 $176,325 (-13.4%) $216,278 (-6.7%) 0.00 403
    2025-02-01 $179,475 (-8.9%) $214,426 (-7.8%) 0.00 391
    2025-03-01 $190,000 (-1.8%) $224,757 (-5.6%) 0.00 367
    Lawton's median listing price for 2025-03-01 was $190,000, a difference of $-3,450 (-1.8%) versus the prior year and $10,525 versus the prior month.

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

    Lawton's average listing price for 2025-03-01 was $224,757, a difference of $-13,274 (-5.6%) versus the prior year and $10,331 versus the prior month.

    For the 2025-03-01 period, Lawton had 367 MLS listings, a difference of -24 listings (-6%) versus the prior month and 87 listings (31%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lawton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,600 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 1,714 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
    2024-10-01 0 days 1,686 sqft
    2024-11-01 0 days 1,600 sqft
    2024-12-01 0 days 1,607 sqft
    2025-01-01 0 days 1,676 sqft
    2025-02-01 0 days 1,693 sqft
    2025-03-01 0 days 1,700 sqft
    Lawton's median listing age (time on market) for 2025-03-01 was 0 days.

    Lawton's median square footage for active listings during the 2025-03-01 period was 1,700 sqft. One year prior, the average listing was 1,700 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.