Oklahoma City VA Loan Rates, Closing Costs & Stats
OKLAHOMA CITY, 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.
Oklahoma City's 159 lenders originated 2,967 VA loans during 2023. The total origination value was $887,935,000, with an average VA loan value of $299,270.
Oklahoma City VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Oklahoma City
averaged
7.18%
for the week of 2024-04-19, compared to the national average (all VA variants) of
6.758% for the same period.
Oklahoma City's average VA mortgage closing costs are $5,849.
The average rate for the prior week (2024-04-12) was
6.91% and
one month ago for the week of 2024-03-15, the
average rate was 6.48%.
The average rate one year ago was 6.07%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.78%.
Oklahoma City 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 Oklahoma City level.
The top Oklahoma City VA lender as defined by loan originations is Mortgage Research Center, LLC, with
459 VA loans originated. Their average total fees are
$6,000, which is $521
higher than the next largest lender,
NAVY FEDERAL CREDIT UNION.
The lowest fee Oklahoma City VA lenders (with over 10 loans originated) are
CWM PARTNERS, L.P. ($3,977), MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,703), GUARANTEED RATE, INC. ($5,437), NAVY FEDERAL CREDIT UNION ($5,479) and FIRST AMERICAN MORTGAGE, INC. ($5,827).
The lowest rate Oklahoma City VA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.36%), PENTAGON FEDERAL CREDIT UNION (5.70%), NBKC BANK (5.74%), NAVY FEDERAL CREDIT UNION (5.82%) and CWM PARTNERS, L.P. (5.83%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Oklahoma City (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 | $224,625 (3.6%) | $289,303 (4.4%) | 0.83 | 5,885 |
| 2018-02-01 | $224,500 (3.0%) | $292,603 (5.1%) | 0.82 | 5,734 |
| 2018-03-01 | $233,055 (5.7%) | $301,200 (6.5%) | 0.82 | 5,639 |
| 2018-04-01 | $237,500 (5.6%) | $306,794 (6.2%) | 0.81 | 5,736 |
| 2018-05-01 | $238,088 (3.5%) | $309,325 (3.4%) | 0.80 | 5,797 |
| 2018-06-01 | $235,000 (2.2%) | $310,440 (3.7%) | 0.78 | 6,071 |
| 2018-07-01 | $236,250 (4.3%) | $312,663 (5.3%) | 0.79 | 6,270 |
| 2018-08-01 | $233,450 (3.8%) | $307,954 (4.5%) | 0.78 | 6,338 |
| 2018-09-01 | $234,000 (4.0%) | $309,152 (5.2%) | 0.79 | 6,125 |
| 2018-10-01 | $234,055 (4.3%) | $312,495 (6.7%) | 0.79 | 6,035 |
| 2018-11-01 | $236,000 (6.0%) | $316,134 (8.6%) | 0.80 | 6,002 |
| 2018-12-01 | $234,900 (4.5%) | $318,080 (9.5%) | 0.81 | 5,652 |
| 2019-01-01 | $234,425 (4.4%) | $314,541 (8.7%) | 0.81 | 5,164 |
| 2019-02-01 | $235,993 (5.1%) | $312,419 (6.8%) | 0.80 | 5,062 |
| 2019-03-01 | $244,742 (5.0%) | $324,103 (7.6%) | 0.80 | 4,910 |
| 2019-04-01 | $253,388 (6.7%) | $334,334 (9.0%) | 0.80 | 4,863 |
| 2019-05-01 | $258,701 (8.7%) | $339,316 (9.7%) | 0.81 | 4,845 |
| 2019-06-01 | $256,000 (8.9%) | $339,689 (9.4%) | 0.80 | 4,901 |
| 2019-07-01 | $255,450 (8.1%) | $339,886 (8.7%) | 0.80 | 5,121 |
| 2019-08-01 | $252,209 (8.0%) | $339,141 (10.1%) | 0.80 | 5,103 |
| 2019-09-01 | $252,598 (8.0%) | $338,264 (9.4%) | 0.81 | 5,026 |
| 2019-10-01 | $252,857 (8.0%) | $337,359 (8.0%) | 0.82 | 4,975 |
| 2019-11-01 | $250,000 (5.9%) | $338,294 (7.0%) | 0.82 | 4,866 |
| 2019-12-01 | $250,000 (6.4%) | $340,009 (6.9%) | 0.83 | 4,520 |
| 2020-01-01 | $250,420 (6.8%) | $337,996 (7.5%) | 0.84 | 4,255 |
| 2020-02-01 | $255,000 (8.1%) | $340,099 (8.9%) | 0.83 | 4,100 |
| 2020-03-01 | $263,045 (7.5%) | $345,031 (6.5%) | 0.82 | 4,068 |
| 2020-04-01 | $263,500 (4.0%) | $344,511 (3.0%) | 0.83 | 4,249 |
| 2020-05-01 | $268,400 (3.8%) | $354,200 (4.4%) | 0.82 | 4,065 |
| 2020-06-01 | $290,000 (13.3%) | $387,484 (14.1%) | 0.85 | 3,658 |
| 2020-07-01 | $283,250 (10.9%) | $387,000 (13.9%) | 0.82 | 3,520 |
| 2020-08-01 | $269,900 (7.0%) | $375,059 (10.6%) | 0.77 | 3,309 |
| 2020-09-01 | $279,990 (10.8%) | $393,775 (16.4%) | 0.80 | 3,064 |
| 2020-10-01 | $280,000 (10.7%) | $399,411 (18.4%) | 0.80 | 2,960 |
| 2020-11-01 | $274,500 (9.8%) | $394,403 (16.6%) | 0.80 | 2,860 |
| 2020-12-01 | $267,450 (7.0%) | $390,267 (14.8%) | 0.80 | 2,591 |
| 2021-01-01 | $264,900 (5.8%) | $382,725 (13.2%) | 0.79 | 2,126 |
| 2021-02-01 | $289,300 (13.5%) | $416,273 (22.4%) | 0.84 | 1,771 |
| 2021-03-01 | $287,710 (9.4%) | $419,976 (21.7%) | 0.82 | 1,611 |
| 2021-04-01 | $295,750 (12.2%) | $435,367 (26.4%) | 0.80 | 1,414 |
| 2021-05-01 | $286,900 (6.9%) | $425,803 (20.2%) | 0.76 | 1,473 |
| 2021-06-01 | $284,935 (-1.8%) | $427,356 (10.3%) | 0.75 | 1,734 |
| 2021-07-01 | $285,000 (0.6%) | $413,908 (7.0%) | 0.75 | 2,098 |
| 2021-08-01 | $279,751 (3.7%) | $396,437 (5.7%) | 0.75 | 2,388 |
| 2021-09-01 | $275,642 (-1.6%) | $390,030 (-1.0%) | 0.74 | 2,420 |
| 2021-10-01 | $274,993 (-1.8%) | $399,764 (0.1%) | 0.73 | 2,314 |
| 2021-11-01 | $289,552 (5.5%) | $420,330 (6.6%) | 0.77 | 2,213 |
| 2021-12-01 | $290,000 (8.4%) | $410,654 (5.2%) | 0.79 | 1,990 |
| 2022-01-01 | $309,700 (16.9%) | $426,093 (11.3%) | 0.84 | 1,649 |
| 2022-02-01 | $329,170 (13.8%) | $443,992 (6.7%) | 0.86 | 1,385 |
| 2022-03-01 | $339,428 (18.0%) | $458,237 (9.1%) | 0.85 | 1,298 |
| 2022-04-01 | $314,490 (6.3%) | $435,093 (-0.1%) | 0.75 | 1,434 |
| 2022-05-01 | $325,805 (13.6%) | $434,571 (2.1%) | 0.74 | 1,838 |
| 2022-06-01 | $321,990 (13.0%) | $426,215 (-0.3%) | 0.72 | 2,376 |
| 2022-07-01 | $315,500 (10.7%) | $409,500 (-1.1%) | 0.71 | 3,084 |
| 2022-08-01 | $319,344 (14.2%) | $399,322 (0.7%) | 0.74 | 3,336 |
| 2022-09-01 | $322,245 (16.9%) | $401,421 (2.9%) | 0.75 | 3,255 |
| 2022-10-01 | $320,000 (16.4%) | $405,015 (1.3%) | 0.75 | 3,541 |
| 2022-11-01 | $325,000 (12.2%) | $409,054 (-2.7%) | 0.78 | 3,656 |
| 2022-12-01 | $324,990 (12.1%) | $404,474 (-1.5%) | 0.80 | 3,489 |
| 2023-01-01 | $338,837 (9.4%) | $415,119 (-2.6%) | 0.84 | 3,293 |
| 2023-02-01 | $349,204 (6.1%) | $422,130 (-4.9%) | 0.84 | 3,052 |
| 2023-03-01 | $350,000 (3.1%) | $427,123 (-6.8%) | 0.83 | 2,967 |
| 2023-04-01 | $353,900 (12.5%) | $429,085 (-1.4%) | 0.82 | 2,913 |
| 2023-05-01 | $354,653 (8.9%) | $431,604 (-0.7%) | 0.80 | 3,023 |
| 2023-06-01 | $350,000 (8.7%) | $434,286 (1.9%) | 0.79 | 3,071 |
| 2023-07-01 | $347,250 (10.1%) | $431,505 (5.4%) | 0.79 | 3,426 |
| 2023-08-01 | $339,858 (6.4%) | $420,632 (5.3%) | 0.78 | 3,605 |
| 2023-09-01 | $329,990 (2.4%) | $416,892 (3.9%) | 0.77 | 3,741 |
| 2023-10-01 | $334,723 (4.6%) | $413,774 (2.2%) | 0.79 | 3,947 |
| 2023-11-01 | $329,450 (1.4%) | $408,881 (0.0%) | 0.78 | 4,075 |
| 2023-12-01 | $320,000 (-1.5%) | $403,506 (-0.2%) | 0.78 | 4,015 |
| 2024-01-01 | $319,500 (-5.7%) | $400,019 (-3.6%) | 0.78 | 3,830 |
| 2024-02-01 | $323,326 (-7.4%) | $404,364 (-4.2%) | 0.78 | 3,658 |
| 2024-03-01 | $320,900 (-8.3%) | $414,765 (-2.9%) | 0.76 | 3,646 |
Oklahoma City's median listing price comes in at 76% of the national average.
Oklahoma City's average listing price for 2024-03-01 was $414,765, a difference of $-12,358 (-2.9%) versus the prior year and $10,401 versus the prior month.
For the 2024-03-01 period, Oklahoma City had 3,646 MLS listings, a difference of -12 listings (0%) versus the prior month and 679 listings (23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Oklahoma City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 73 days | 2,065 sqft |
| 2018-02-01 | 67 days | 2,059 sqft |
| 2018-03-01 | 58 days | 2,099 sqft |
| 2018-04-01 | 50 days | 2,132 sqft |
| 2018-05-01 | 48 days | 2,127 sqft |
| 2018-06-01 | 48 days | 2,117 sqft |
| 2018-07-01 | 52 days | 2,124 sqft |
| 2018-08-01 | 58 days | 2,107 sqft |
| 2018-09-01 | 58 days | 2,106 sqft |
| 2018-10-01 | 60 days | 2,100 sqft |
| 2018-11-01 | 61 days | 2,097 sqft |
| 2018-12-01 | 72 days | 2,077 sqft |
| 2019-01-01 | 74 days | 2,052 sqft |
| 2019-02-01 | 66 days | 2,052 sqft |
| 2019-03-01 | 55 days | 2,095 sqft |
| 2019-04-01 | 44 days | 2,143 sqft |
| 2019-05-01 | 43 days | 2,161 sqft |
| 2019-06-01 | 44 days | 2,150 sqft |
| 2019-07-01 | 45 days | 2,148 sqft |
| 2019-08-01 | 47 days | 2,138 sqft |
| 2019-09-01 | 50 days | 2,136 sqft |
| 2019-10-01 | 52 days | 2,132 sqft |
| 2019-11-01 | 54 days | 2,101 sqft |
| 2019-12-01 | 62 days | 2,095 sqft |
| 2020-01-01 | 62 days | 2,057 sqft |
| 2020-02-01 | 49 days | 2,066 sqft |
| 2020-03-01 | 41 days | 2,097 sqft |
| 2020-04-01 | 44 days | 2,100 sqft |
| 2020-05-01 | 47 days | 2,112 sqft |
| 2020-06-01 | 44 days | 2,239 sqft |
| 2020-07-01 | 46 days | 2,205 sqft |
| 2020-08-01 | 50 days | 2,116 sqft |
| 2020-09-01 | 45 days | 2,137 sqft |
| 2020-10-01 | 43 days | 2,142 sqft |
| 2020-11-01 | 46 days | 2,094 sqft |
| 2020-12-01 | 51 days | 2,031 sqft |
| 2021-01-01 | 55 days | 1,998 sqft |
| 2021-02-01 | 44 days | 2,077 sqft |
| 2021-03-01 | 44 days | 2,097 sqft |
| 2021-04-01 | 40 days | 2,108 sqft |
| 2021-05-01 | 38 days | 2,064 sqft |
| 2021-06-01 | 35 days | 2,007 sqft |
| 2021-07-01 | 36 days | 1,980 sqft |
| 2021-08-01 | 35 days | 1,949 sqft |
| 2021-09-01 | 41 days | 1,891 sqft |
| 2021-10-01 | 43 days | 1,873 sqft |
| 2021-11-01 | 41 days | 1,946 sqft |
| 2021-12-01 | 47 days | 1,917 sqft |
| 2022-01-01 | 52 days | 1,982 sqft |
| 2022-02-01 | 43 days | 1,999 sqft |
| 2022-03-01 | 35 days | 2,008 sqft |
| 2022-04-01 | 33 days | 1,932 sqft |
| 2022-05-01 | 29 days | 1,931 sqft |
| 2022-06-01 | 31 days | 1,916 sqft |
| 2022-07-01 | 37 days | 1,910 sqft |
| 2022-08-01 | 40 days | 1,919 sqft |
| 2022-09-01 | 48 days | 1,952 sqft |
| 2022-10-01 | 47 days | 1,970 sqft |
| 2022-11-01 | 49 days | 1,985 sqft |
| 2022-12-01 | 60 days | 1,989 sqft |
| 2023-01-01 | 64 days | 2,025 sqft |
| 2023-02-01 | 53 days | 2,029 sqft |
| 2023-03-01 | 51 days | 2,043 sqft |
| 2023-04-01 | 46 days | 2,047 sqft |
| 2023-05-01 | 43 days | 2,066 sqft |
| 2023-06-01 | 45 days | 2,062 sqft |
| 2023-07-01 | 43 days | 2,030 sqft |
| 2023-08-01 | 43 days | 2,015 sqft |
| 2023-09-01 | 46 days | 2,000 sqft |
| 2023-10-01 | 46 days | 2,000 sqft |
| 2023-11-01 | 50 days | 1,988 sqft |
| 2023-12-01 | 58 days | 1,949 sqft |
| 2024-01-01 | 59 days | 1,930 sqft |
| 2024-02-01 | 55 days | 1,947 sqft |
| 2024-03-01 | 45 days | 1,925 sqft |
Oklahoma City's median square footage for active listings during the 2024-03-01 period was 1,925 sqft. One year prior, the average listing was 2,043 sqft.