Muskogee VA Loan Rates, Closing Costs & Stats

Muskogee, OK

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Muskogee's 31 lenders originated 105 VA loans during 2023. The total origination value was $23,775,000, with an average VA loan value of $226,429.

    Muskogee VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Muskogee averaged 6.81% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Muskogee's average VA mortgage closing costs are $4,554.

    The average rate for the prior week (2024-04-12) was 6.74% and one month ago for the week of 2024-03-15, the average rate was 6.6%.

    The average rate one year ago was 6.09%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    Muskogee 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 Muskogee level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 23 6.99% $3,980
    American Bank of Oklahoma 15 6.26% $5,750
    AXIA FINANCIAL, LLC 9 6.55% $6,620
    QUICKEN LOANS, LLC 5 6.42% $11,580
    FREEDOM MORTGAGE CORPORATION 4 6.63% $13,173
    NAVY FEDERAL CREDIT UNION 3 5.88% $4,802
    Arvest Bank 3 6.13% $4,206
    FLAT BRANCH MORTGAGE, INC. 3 6.71% $4,189
    NEW DAY FINANCIAL, LLC 3 7.58% $7,756
    USAA Federal Savings Bank 3 6.54% $5,612
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.69% $5,739
    GUILD MORTGAGE COMPANY 2 7.13% $12,366
    BancFirst 2 6.69% $6,370
    First United Bank and Trust Company 2 5.75% $12,008
    The Federal Savings Bank 1 6.25% $11,728
    UNITED WHOLESALE MORTGAGE, LLC 1 5.63% $13,826
    AMCAP MORTGAGE, LTD. 1 6.25% $7,880
    VILLAGE CAPITAL MORTGAGE 1 5.75% $9,478
    AMERICAN FINANCIAL NETWORK, INC. 1 7.75% $2,923
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $4,429
    Armstrong Bank 1 6.63% $3,658
    ASSOCIATED MORTGAGE CORPORATION 1 6.25% $6,056
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $13,432
    Firstar Bank 1 7.38% $2,545
    GUARANTEED RATE, INC. 1 6.75% $2,553
    LOANPAL, LLC 1 6.38% $12,679
    Nations Lending Corporation 1 7.75% $26,894
    OPEN MORTGAGE, LLC 1 8.25% $0
    Plains Commerce Bank 1 5.88% $4,711
    Stride Bank 1 6.75% $999
    The Central Trust Bank 1 5.13% $1,989

    The top Muskogee VA lender as defined by loan originations is Mortgage Research Center, LLC, with 23 VA loans originated. Their average total fees are $3,980, which is $1,770 lower than the next largest lender, American Bank of Oklahoma.

    The lowest fee Muskogee VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,980), American Bank of Oklahoma ($5,750), .

    The lowest rate Muskogee VA lenders (with over 10 loans originated) are American Bank of Oklahoma (6.26%), Mortgage Research Center, LLC (6.99%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Muskogee (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 $114,100 (8.4%) $135,195 (-3.4%) 0.00 192
    2018-02-01 $107,625 (-1.3%) $133,665 (-4.5%) 0.00 179
    2018-03-01 $107,500 (-3.6%) $135,058 (-2.2%) 0.00 181
    2018-04-01 $116,000 (4.3%) $143,626 (5.8%) 0.00 178
    2018-05-01 $114,900 (4.0%) $138,673 (-0.1%) 0.00 187
    2018-06-01 $109,900 (0.2%) $138,641 (4.3%) 0.00 187
    2018-07-01 $114,950 (2.6%) $143,339 (9.8%) 0.00 189
    2018-08-01 $113,175 (-2.8%) $142,374 (3.1%) 0.00 189
    2018-09-01 $119,000 (3.5%) $148,477 (13.3%) 0.00 201
    2018-10-01 $114,950 (1.2%) $143,414 (8.8%) 0.00 217
    2018-11-01 $114,925 (2.2%) $142,031 (6.2%) 0.00 204
    2018-12-01 $110,000 (-4.4%) $140,340 (2.4%) 0.00 184
    2019-01-01 $113,750 (-0.3%) $138,986 (2.8%) 0.00 187
    2019-02-01 $115,000 (6.9%) $144,465 (8.1%) 0.00 186
    2019-03-01 $117,700 (9.5%) $148,479 (9.9%) 0.00 180
    2019-04-01 $124,450 (7.3%) $149,417 (4.0%) 0.00 174
    2019-05-01 $116,350 (1.3%) $142,529 (2.8%) 0.00 179
    2019-06-01 $119,900 (9.1%) $144,330 (4.1%) 0.00 172
    2019-07-01 $117,950 (2.6%) $146,354 (2.1%) 0.00 173
    2019-08-01 $121,123 (7.0%) $150,715 (5.9%) 0.00 183
    2019-09-01 $125,807 (5.7%) $154,132 (3.8%) 0.00 168
    2019-10-01 $128,930 (12.2%) $156,411 (9.1%) 0.00 155
    2019-11-01 $129,900 (13.0%) $163,003 (14.8%) 0.00 156
    2019-12-01 $129,882 (18.1%) $165,975 (18.3%) 0.00 146
    2020-01-01 $133,325 (17.2%) $170,363 (22.6%) 0.00 122
    2020-02-01 $134,950 (17.4%) $165,357 (14.5%) 0.00 135
    2020-03-01 $135,000 (14.7%) $174,273 (17.4%) 0.00 110
    2020-04-01 $140,625 (13.0%) $180,841 (21.0%) 0.00 109
    2020-05-01 $139,950 (20.3%) $185,735 (30.3%) 0.00 91
    2020-06-01 $141,725 (18.2%) $185,926 (28.8%) 0.00 92
    2020-07-01 $152,450 (29.3%) $202,721 (38.5%) 0.00 90
    2020-08-01 $135,000 (11.5%) $192,933 (28.0%) 0.00 78
    2020-09-01 $137,150 (9.0%) $196,491 (27.5%) 0.00 78
    2020-10-01 $135,500 (5.1%) $188,653 (20.6%) 0.00 87
    2020-11-01 $133,725 (2.9%) $184,837 (13.4%) 0.00 99
    2020-12-01 $134,900 (3.9%) $175,499 (5.7%) 0.00 90
    2021-01-01 $139,900 (4.9%) $171,865 (0.9%) 0.00 82
    2021-02-01 $124,950 (-7.4%) $165,397 (0.0%) 0.00 69
    2021-03-01 $89,950 (-33.4%) $155,217 (-10.9%) 0.00 60
    2021-04-01 $101,875 (-27.6%) $164,044 (-9.3%) 0.00 62
    2021-05-01 $82,000 (-41.4%) $156,618 (-15.7%) 0.00 57
    2021-06-01 $126,225 (-10.9%) $164,466 (-11.5%) 0.00 64
    2021-07-01 $134,950 (-11.5%) $173,554 (-14.4%) 0.00 76
    2021-08-01 $129,175 (-4.3%) $170,755 (-11.5%) 0.00 78
    2021-09-01 $119,625 (-12.8%) $153,557 (-21.9%) 0.00 103
    2021-10-01 $119,000 (-12.2%) $157,653 (-16.4%) 0.00 109
    2021-11-01 $114,225 (-14.6%) $161,707 (-12.5%) 0.00 95
    2021-12-01 $121,575 (-9.9%) $163,839 (-6.6%) 0.00 93
    2022-01-01 $116,950 (-16.4%) $173,534 (1.0%) 0.00 78
    2022-02-01 $133,975 (7.2%) $188,931 (14.2%) 0.00 67
    2022-03-01 $135,750 (50.9%) $192,666 (24.1%) 0.00 64
    2022-04-01 $175,000 (71.8%) $206,037 (25.6%) 0.00 70
    2022-05-01 $185,000 (125.6%) $213,329 (36.2%) 0.00 89
    2022-06-01 $201,226 (59.4%) $235,901 (43.4%) 0.00 92
    2022-07-01 $206,504 (53.0%) $231,323 (33.3%) 0.00 118
    2022-08-01 $209,331 (62.1%) $243,691 (42.7%) 0.00 143
    2022-09-01 $211,000 (76.4%) $236,542 (54.0%) 0.00 144
    2022-10-01 $204,990 (72.3%) $235,517 (49.4%) 0.00 142
    2022-11-01 $194,365 (70.2%) $236,673 (46.4%) 0.00 151
    2022-12-01 $189,990 (56.3%) $238,395 (45.5%) 0.00 132
    2023-01-01 $194,990 (66.7%) $243,755 (40.5%) 0.00 127
    2023-02-01 $194,990 (45.5%) $235,120 (24.5%) 0.00 140
    2023-03-01 $194,990 (43.6%) $247,987 (28.7%) 0.00 135
    2023-04-01 $204,745 (17.0%) $259,769 (26.1%) 0.00 132
    2023-05-01 $207,276 (12.0%) $265,037 (24.2%) 0.00 137
    2023-06-01 $203,550 (1.2%) $253,436 (7.4%) 0.00 139
    2023-07-01 $209,850 (1.6%) $262,120 (13.3%) 0.00 129
    2023-08-01 $197,445 (-5.7%) $251,792 (3.3%) 0.00 128
    2023-09-01 $194,995 (-7.6%) $250,160 (5.8%) 0.00 129
    2023-10-01 $184,990 (-9.8%) $221,936 (-5.8%) 0.00 153
    2023-11-01 $186,490 (-4.1%) $228,017 (-3.7%) 0.00 165
    2023-12-01 $187,990 (-1.1%) $226,531 (-5.0%) 0.00 146
    2024-01-01 $189,473 (-2.8%) $226,743 (-7.0%) 0.00 137
    2024-02-01 $188,870 (-3.1%) $236,121 (0.4%) 0.00 122
    2024-03-01 $194,990 (0.0%) $233,831 (-5.7%) 0.00 115
    Muskogee's median listing price for 2024-03-01 was $194,990, a difference of $0 (0.0%) versus the prior year and $6,120 versus the prior month.

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

    Muskogee's average listing price for 2024-03-01 was $233,831, a difference of $-14,156 (-5.7%) versus the prior year and $-2,290 versus the prior month.

    For the 2024-03-01 period, Muskogee had 115 MLS listings, a difference of -7 listings (-6%) versus the prior month and -20 listings (-15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Muskogee (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,608 sqft
    2018-02-01 0 days 1,596 sqft
    2018-03-01 0 days 1,666 sqft
    2018-04-01 0 days 1,710 sqft
    2018-05-01 0 days 1,669 sqft
    2018-06-01 0 days 1,696 sqft
    2018-07-01 0 days 1,688 sqft
    2018-08-01 0 days 1,683 sqft
    2018-09-01 0 days 1,642 sqft
    2018-10-01 0 days 1,603 sqft
    2018-11-01 0 days 1,531 sqft
    2018-12-01 0 days 1,497 sqft
    2019-01-01 0 days 1,544 sqft
    2019-02-01 0 days 1,615 sqft
    2019-03-01 0 days 1,614 sqft
    2019-04-01 0 days 1,617 sqft
    2019-05-01 0 days 1,593 sqft
    2019-06-01 0 days 1,624 sqft
    2019-07-01 0 days 1,649 sqft
    2019-08-01 0 days 1,624 sqft
    2019-09-01 0 days 1,666 sqft
    2019-10-01 0 days 1,674 sqft
    2019-11-01 0 days 1,606 sqft
    2019-12-01 0 days 1,605 sqft
    2020-01-01 0 days 1,665 sqft
    2020-02-01 0 days 1,628 sqft
    2020-03-01 0 days 1,603 sqft
    2020-04-01 0 days 1,666 sqft
    2020-05-01 0 days 1,639 sqft
    2020-06-01 0 days 1,684 sqft
    2020-07-01 0 days 1,688 sqft
    2020-08-01 0 days 1,646 sqft
    2020-09-01 0 days 1,652 sqft
    2020-10-01 0 days 1,634 sqft
    2020-11-01 0 days 1,648 sqft
    2020-12-01 0 days 1,554 sqft
    2021-01-01 0 days 1,544 sqft
    2021-02-01 0 days 1,506 sqft
    2021-03-01 0 days 1,436 sqft
    2021-04-01 0 days 1,474 sqft
    2021-05-01 0 days 1,425 sqft
    2021-06-01 0 days 1,520 sqft
    2021-07-01 0 days 1,496 sqft
    2021-08-01 0 days 1,458 sqft
    2021-09-01 0 days 1,429 sqft
    2021-10-01 0 days 1,372 sqft
    2021-11-01 0 days 1,359 sqft
    2021-12-01 0 days 1,368 sqft
    2022-01-01 0 days 1,368 sqft
    2022-02-01 0 days 1,466 sqft
    2022-03-01 0 days 1,521 sqft
    2022-04-01 0 days 1,534 sqft
    2022-05-01 0 days 1,431 sqft
    2022-06-01 0 days 1,441 sqft
    2022-07-01 0 days 1,523 sqft
    2022-08-01 0 days 1,566 sqft
    2022-09-01 0 days 1,576 sqft
    2022-10-01 0 days 1,550 sqft
    2022-11-01 0 days 1,638 sqft
    2022-12-01 0 days 1,592 sqft
    2023-01-01 0 days 1,581 sqft
    2023-02-01 0 days 1,548 sqft
    2023-03-01 0 days 1,559 sqft
    2023-04-01 0 days 1,572 sqft
    2023-05-01 0 days 1,623 sqft
    2023-06-01 0 days 1,585 sqft
    2023-07-01 0 days 1,599 sqft
    2023-08-01 0 days 1,605 sqft
    2023-09-01 0 days 1,575 sqft
    2023-10-01 0 days 1,500 sqft
    2023-11-01 0 days 1,477 sqft
    2023-12-01 0 days 1,467 sqft
    2024-01-01 0 days 1,463 sqft
    2024-02-01 0 days 1,451 sqft
    2024-03-01 0 days 1,480 sqft
    Muskogee's median listing age (time on market) for 2024-03-01 was 0 days.

    Muskogee's median square footage for active listings during the 2024-03-01 period was 1,480 sqft. One year prior, the average listing was 1,559 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.