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 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 6.98% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Lawton's average VA mortgage closing costs are $5,221.

    The average rate for the prior week (2024-04-12) was 6.72% and one month ago for the week of 2024-03-15, the average rate was 6.68%.

    The average rate one year ago was 6.27%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.5%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 211 6.85% $5,167
    First United Bank and Trust Company 136 6.44% $8,083
    NAVY FEDERAL CREDIT UNION 84 5.84% $5,531
    USAA Federal Savings Bank 29 6.36% $9,377
    EVERETT FINANCIAL, INC. 24 6.97% $8,197
    PRIMELENDING, A PLAINSCAPITAL COMPANY 22 6.80% $5,110
    QUICKEN LOANS, LLC 22 6.20% $8,264
    Gateway First Bank 15 6.40% $7,748
    MORTGAGE SOLUTIONS OF COLORADO, LLC 14 7.59% $3,112
    UNITED WHOLESALE MORTGAGE, LLC 13 6.65% $7,203
    American Mortgage Bank, LLC 13 7.29% $5,611
    PENNYMAC LOAN SERVICES, LLC 12 5.31% $6,081
    GUARANTEED RATE, INC. 11 6.22% $7,114
    Arvest Bank 10 6.54% $2,862
    NEW DAY FINANCIAL, LLC 9 7.66% $8,730
    FREEDOM MORTGAGE CORPORATION 7 6.68% $17,254
    American Mortgage & Equity Consultants, Inc. 6 6.52% $6,367
    Flagstar Bank, FSB 6 6.27% $8,076
    FLAT BRANCH MORTGAGE, INC. 6 6.40% $8,278
    The Federal Savings Bank 6 6.52% $15,002
    First National Bank and Trust Company 5 6.83% $7,591
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.08% $10,410
    BancFirst 5 6.93% $5,605
    LOANDEPOT.COM, LLC 4 6.40% $7,088
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.75% $8,084
    The Central Trust Bank 4 5.66% $6,761
    VILLAGE CAPITAL MORTGAGE 4 6.38% $2,336
    GUILD MORTGAGE COMPANY 4 7.69% $7,326
    Mr. Cooper ( Nationstar Mortgage ) 3 6.00% $13,434
    CROSSCOUNTRY MORTGAGE, LLC 3 6.38% $5,525
    CARDINAL FINANCIAL 3 6.08% $10,386
    FORT SILL 3 6.46% $8,456
    LOANPAL, LLC 3 6.38% $14,403
    FINANCIAL CONCEPTS MORTGAGE, LLC 2 6.44% $9,488
    MORTGAGEONE, INC. 2 7.13% $5,309
    United Fidelity Funding Corp. 2 6.94% $5,500
    Plains Commerce Bank 2 6.63% $8,041
    PENTAGON FEDERAL CREDIT UNION 2 6.06% $7,197
    LAKEVIEW LOAN SERVICING, LLC 2 6.44% $8,533
    Magnolia Bank 2 6.19% $11,309
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.69% $7,080
    Network Funding, L.P. 2 6.69% $10,677
    Chickasaw Community Bank 2 7.13% $10,868
    Barrington Bank & Trust Company, N.A. 2 6.75% $3,658
    Wells Fargo Bank 1 6.25% $3,431
    American National Bank & Trust 1 5.25% $14,331
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $15,246
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $8,451
    Ameris Bank 1 6.75% $12,890
    ASSOCIATED MORTGAGE CORPORATION 1 6.50% $6,371
    Bank of America 1 6.00% $6,045
    Bank of England 1 6.75% $10,527
    BNC National Bank 1 5.13% $8,186
    BOKF 1 7.13% $4,940
    BROKER SOLUTIONS, INC. 1 7.25% $10,728
    Capital Bank 1 5.75% $2,572
    CMG MORTGAGE, INC. 1 7.13% $5,275
    Colonial Savings, F.A. 1 6.63% $5,701
    DAS Acquisition Company, LLC 1 6.88% $12,200
    Encompass Lending Group, LP 1 5.63% $12,907
    Equity Prime Mortgage LLC 1 7.13% $9,221
    Farmers Bank & Trust 1 5.75% $6,093
    GENEVA FINANCIAL, LLC 1 6.50% $7,041
    Great Plains National Bank 1 6.13% $5,783
    GSF Mortgage Corporation 1 8.13% $11,410
    INTERLINC MORTGAGE SERVICES, LLC 1 5.75% $9,387
    Meridian Bank Corporation 1 6.00% $5,940
    MICHIGAN MUTUAL, INC. 1 8.13% $6,339
    MOVEMENT MORTGAGE, LLC 1 6.25% $4,034
    NATIONWIDE MORTGAGE BANKERS, INC. 1 5.75% $6,680
    North American Savings Bank, F.S.B. 1 5.25% $6,934
    Paramount Residential Mortgage Group, Inc. 1 5.75% $16,275
    PLANET HOME LENDING, LLC 1 5.63% $17,249
    PREMIA MORTGAGE, LLC 1 6.75% $12,775
    Presidential Bank, FSB 1 6.75% $6,270
    RCB Bank 1 6.75% $6,070
    Regions Bank 1 5.25% $3,624
    ROYAL UNITED MORTGAGE LLC 1 7.00% $7,731
    SOUTHWEST STAGE FUNDING, LLC 1 6.38% $501
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $8,077
    THE MORTGAGE LINK, INC. 1 6.38% $7,957
    TruHome Solutions, LLC 1 6.13% $5,333
    Unify Home Lending Inc. 1 5.75% $3,950
    UNION HOME MORTGAGE CORP. 1 7.00% $17,640

    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. 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%) 0.00 783
    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
    Lawton's median listing price for 2024-03-01 was $193,450, a difference of $-36,550 (-15.9%) versus the prior year and $-3,550 versus the prior month.

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

    Lawton's average listing price for 2024-03-01 was $238,031, a difference of $-25,198 (-9.6%) versus the prior year and $5,361 versus the prior month.

    For the 2024-03-01 period, Lawton had 280 MLS listings, a difference of 1 listings (0%) versus the prior month and 38 listings (16%) 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
    Lawton's median listing age (time on market) for 2024-03-01 was 0 days.

    Lawton's median square footage for active listings during the 2024-03-01 period was 1,700 sqft. One year prior, the average listing was 1,804 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.