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%.

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
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 for 2024-09-01 was $184,631, a difference of $-40,369 (-17.9%) versus the prior year and $-15,269 versus the prior month.

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. 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 1,775 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 listing age (time on market) for 2024-09-01 was 0 days.

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.

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.