Oklahoma City VA Loans

OKLAHOMA CITY, 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 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 192 lenders originated 7,623 VA loans during 2021. The total origination value was $1,893,435,000, with an average VA loan value of $248,384.

    Oklahoma City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Oklahoma City averaged 5.4% for the week of 2022-08-05, compared to the national average (all VA variants) of 5.013% for the same period.

    The average rate for the prior week (2022-07-29) was 5.75% and one month ago for the week of 2022-07-01, the average rate was 5.57%.

    The average rate one year ago was 3.05%.

    For refis of the same type during the week of 2022-08-05, the average rate was 5.32%.

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

    Oklahoma City VA Loan Lenders by Rates & Fees

    The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Oklahoma City level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Mortgage Research Center, LLC 714 2.90% $5,182
    QUICKEN LOANS, LLC 500 2.48% $4,924
    FREEDOM MORTGAGE CORPORATION 399 2.55% $2,374
    CORNERSTONE HOME LENDING, INC. 291 2.95% $6,962
    PENNYMAC LOAN SERVICES, LLC 272 2.50% $5,623
    NAVY FEDERAL CREDIT UNION 249 2.48% $4,950
    USAA Federal Savings Bank 244 2.85% $4,267
    First United Bank and Trust Company 202 2.86% $6,843
    LOANDEPOT.COM, LLC 186 2.86% $5,666
    LAKEVIEW LOAN SERVICING, LLC 166 2.59% $3,271
    UNITED WHOLESALE MORTGAGE, LLC 157 2.52% $5,602
    NEW DAY FINANCIAL, LLC 150 2.87% $7,307
    LEADERONE FINANCIAL CORPORATION 111 2.67% $6,764
    Great Plains National Bank 102 2.97% $7,620
    CALIBER HOME LOANS, INC. 98 2.71% $5,232
    Stride Bank 96 3.04% $7,568
    Gateway First Bank 95 3.02% $6,134
    VILLAGE CAPITAL & INVESTMENT LLC 91 2.43% $3,464
    ASSOCIATED MORTGAGE CORPORATION 90 2.86% $6,075
    Low VA Rates, LLC 88 2.37% $4,657
    CROSSCOUNTRY MORTGAGE, LLC 82 3.23% $4,897
    GUARANTEED RATE, INC. 81 2.75% $5,565
    Mr. Cooper ( Nationstar Mortgage ) 78 2.88% $3,917
    Hometown Lenders, Inc. 69 3.21% $8,875
    FIRST AMERICAN MORTGAGE, INC. 66 2.60% $5,949
    The Federal Savings Bank 65 2.53% $7,058
    CWM PARTNERS, L.P. 62 2.53% $4,512
    BOKF 60 2.99% $6,139
    GUILD MORTGAGE COMPANY 59 2.83% $6,274
    Wells Fargo Bank 57 2.51% $4,715
    F & M Bank 51 2.53% $6,245
    CERTAINTY HOME LOANS, LLC 46 2.81% $4,864
    HOME POINT FINANCIAL CORPORATION 42 2.56% $5,746
    Arvest Bank 41 2.79% $5,098
    CMG MORTGAGE, INC. 40 2.93% $7,072
    PENTAGON FEDERAL CREDIT UNION 39 2.33% $3,647
    PRIMELENDING, A PLAINSCAPITAL COMPANY 37 2.93% $6,905
    First Guaranty Mortgage Corporation 35 2.65% $5,146
    AMERICAN FINANCIAL NETWORK, INC. 35 2.56% $8,109
    NBKC BANK 35 2.47% $5,331
    ACCELERATE MORTGAGE, LLC 34 2.28% $6,443
    AMERISAVE MORTGAGE CORPORATION 34 2.68% $6,014
    PLANET HOME LENDING, LLC 32 2.46% $5,122
    Barrington Bank & Trust Company, N.A. 30 2.72% $4,501
    DHI MORTGAGE COMPANY, LTD. 28 2.75% $4,749
    The First State Bank 27 2.55% $7,474
    Chickasaw Community Bank 27 3.05% $6,179
    Carrington Mortgage Services, LLC 27 3.06% $4,394
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 26 3.02% $6,442
    AMCAP MORTGAGE, LTD. 26 3.03% $7,586
    UNION HOME MORTGAGE CORP. 25 2.55% $4,374
    NEWREZ LLC 24 2.73% $4,011
    BancFirst 24 2.52% $7,727
    SWBC MORTGAGE CORPORATION 24 3.18% $7,478
    Magnolia Bank 23 2.65% $7,744
    Tinker Federal Credit Union 22 3.13% $5,628
    North American Savings Bank, F.S.B. 22 2.36% $5,012
    MID AMERICA MORTGAGE, INC. 21 2.89% $3,494
    MORTGAGE SOLUTIONS OF COLORADO, LLC 20 3.27% $4,675
    NP, Inc. 19 2.38% $4,363
    MUTUAL OF OMAHA MORTGAGE, INC. 19 2.72% $6,947
    BNC National Bank 18 2.40% $3,607
    HOMEBRIDGE FINANCIAL SERVICES, INC. 18 2.56% $5,855
    Flagstar Bank, FSB 17 2.77% $4,977
    INTERLINC MORTGAGE SERVICES, LLC 17 3.15% $7,567
    BROKER SOLUTIONS, INC. 16 2.62% $4,209
    First Federal Bank 16 2.91% $5,373
    GUARANTY HOME MORTGAGE CORPORATION 15 2.68% $7,154
    Paramount Residential Mortgage Group, Inc. 14 2.97% $6,113
    United Fidelity Funding Corp. 14 3.00% $8,693
    SUN WEST MORTGAGE COMPANY, INC. 13 2.45% $3,837
    KS StateBank 13 2.35% $4,292
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 12 3.19% $7,219
    BAY EQUITY LLC 12 2.88% $6,138
    PLAZA HOME MORTGAGE, INC. 11 2.79% $4,420
    FBC MORTGAGE, LLC 11 3.09% $6,418
    Mortgage Investment Services Corporation 11 2.78% $3,814
    MOVEMENT MORTGAGE, LLC 10 3.11% $2,804
    AMERICAN FINANCING CORPORATION 10 2.70% $4,488
    Armstrong Bank 10 2.50% $5,354
    SOUTHWEST FUNDING, LP 10 3.29% $11,119
    Equity Prime Mortgage LLC 9 3.38% $6,367
    CHURCHILL MORTGAGE CORPORATION 9 2.82% $4,950
    Bank of England 9 2.78% $7,693
    American Mortgage Bank, LLC 9 2.78% $7,192
    U.S. Bank 9 2.85% $5,089
    NTFN, INC. 8 2.84% $3,960
    RCB Bank 8 3.11% $8,619
    Servion, Inc. 8 2.94% $4,918
    SOUTHWEST STAGE FUNDING, LLC 7 3.25% $1,437
    MidFirst Bank 7 2.45% $3,769
    OKLAHOMA'S 7 2.93% $7,557
    Goldwater Bank, N.A. 7 2.84% $7,467
    LOANPAL, LLC 6 2.75% $5,885
    Nations Lending Corporation 6 2.79% $8,741
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 2.67% $6,363
    Watermark Capital, Inc. 6 2.35% $3,644
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 3.05% $9,789
    Citizens Bank 5 2.77% $4,800
    TJC Mortgage, Inc. 5 2.10% $7,577
    EVERETT FINANCIAL, INC. 5 3.08% $5,659
    InterContinental Capital Group, Inc 5 2.53% $4,361
    Waterstone Mortgage Corporation 5 2.95% $8,354
    ARC HOME LLC 4 2.94% $3,633
    NexBank 4 2.59% $10,198
    Paramount Bank 4 2.63% $5,516
    CLEARPATH LENDING 4 2.50% $4,743
    SOVEREIGN LENDING GROUP INCORPORATED 4 2.75% $3,639
    ZILLOW HOME LOANS, LLC 3 2.42% $5,832
    ALLEGIANCE 3 2.50% $4,301
    Fidelity Bank 3 2.54% $8,720
    First Savings Bank 3 2.25% $6,395
    FLAT BRANCH MORTGAGE, INC. 3 3.00% $6,459
    HOMESIDE FINANCIAL, LLC 3 3.08% $3,311
    Network Funding, L.P. 3 3.08% $4,075
    PHH Mortgage Corporation 3 2.71% $4,204
    PREMIA MORTGAGE, LLC 3 2.46% $9,845
    ROYAL UNITED MORTGAGE LLC 3 3.04% $7,016
    SFMC, LP 3 2.92% $9,815
    Sunflower Bank 3 2.58% $5,132
    US Employees O.C. Federal Credit Union 3 2.96% $6,436
    US MORTGAGE CORPORATION 3 2.50% $4,954
    Willamette Valley Bank 3 2.96% $4,325
    Wyndham Capital Mortgage, Inc. 3 2.50% $1,690
    First Federal Bank of Kansas City 2 2.25% $2,477
    GUARANTEED RATE AFFINITY, LLC 2 2.25% $3,427
    Truist Bank 2 2.75% $1,874
    Blue Ridge Bank 2 2.56% $3,978
    Armed Forces Bank 2 2.62% $2,656
    BAYSHORE MORTGAGE FUNDING, LLC 2 2.69% $3,060
    EMBRACE HOME LOANS, INC. 2 2.56% $6,125
    ASSEMBLIES OF GOD Credit Union 2 2.56% $8,747
    MORTGAGE FINANCIAL SERVICES, LLC 2 2.35% $3,689
    FirstTrust Home Loans, Inc. 2 2.25% $7,014
    Manufacturers and Traders Trust Company 2 2.44% $4,785
    FirstBank 2 2.44% $682
    JPMorgan Chase Bank 2 2.69% $2,753
    Northpointe Bank 2 2.88% $8,037
    The Central Trust Bank 2 2.69% $3,024
    International Bank of Commerce 2 3.56% $2,916
    Plains Commerce Bank 2 2.81% $2,200
    INTERCAP LENDING INC. 2 2.38% $2,890
    Prosperity Home Mortgage, LLC 1 2.75% $8,330
    First Bank 1 2.88% $9,071
    FINANCE OF AMERICA MORTGAGE LLC 1 2.25% $5,754
    Reliant Bank 1 2.63% $13,288
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $3,237
    Ameris Bank 1 2.88% $9,612
    Sierra Pacific Mortgage Company, Inc. 1 2.75% $2,923
    Simmons Bank 1 2.25% $2,525
    SIRVA MORTGAGE, INC. 1 2.38% $8,082
    DELMAR FINANCIAL COMPANY 1 2.75% $500
    DAS Acquisition Company, LLC 1 2.75% $11,876
    COUNTRYPLACE MORTGAGE, LTD. 1 3.25% $9,564
    Colonial Savings, F.A. 1 2.88% $11,651
    Strong Home Mortgage, LLC 1 2.25% $14,042
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 2.25% $3,595
    City Bank 1 2.88% $12,706
    CHERRY CREEK MORTGAGE, LLC 1 2.50% $620
    Texana Bank 1 2.25% $4,905
    Centennial Bank 1 2.75% $4,026
    CELEBRITY HOME LOANS, LLC 1 3.50% $4,066
    Carrollton Bank 1 2.25% $6,947
    CALCON MUTUAL MORTGAGE LLC 1 3.00% $20,978
    Town Square Mortgage & Investments, Inc. 1 3.25% $5,827
    BELEM SERVICING LLC 1 3.75% $5,726
    Austin Capital Bank SSB 1 4.25% $7,776
    Meridian Bank Corporation 1 2.50% $7,626
    LIBERTY HOME MORTGAGE CORPORATION 1 2.25% $2,062
    JAMES B. NUTTER & COMPANY 1 2.25% $2,072
    NATIONS DIRECT MORTGAGE, LLC 1 4.00% $3,616
    Ixonia Bank 1 2.88% $18,482
    NATIONS RELIABLE LENDING, LLC 1 2.38% $3,824
    NBH Bank 1 2.75% $0
    Intrust Bank 1 2.75% $7,917
    American Bank of Oklahoma 1 2.88% $9,219
    Hometown Equity Mortgage, LLC 1 2.63% $2,200
    Gulf Coast Bank and Trust Company 1 2.50% $5,060
    Glacier Bank 1 2.75% $4,763
    GENEVA FINANCIAL, LLC 1 3.63% $8,177
    OCEANSIDE MORTGAGE COMPANY 1 2.75% $839
    OPEN MORTGAGE, LLC 1 2.50% $7,076
    Origin Bank 1 2.75% $4,086
    First State Bank of St. Charles, Missouri 1 2.50% $8,102
    First National Bank of Omaha 1 3.00% $7,980
    First Midwest Bank 1 2.25% $2,837
    First Horizon Bank 1 2.25% $3,887
    Access Bank 1 2.50% $13,755
    First Home Bank 1 3.25% $7,848
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 2.75% $1,790
    Presidential Bank, FSB 1 2.25% $1,340
    Prosperity Bank 1 3.13% $4,382

    The top Oklahoma City VA lender as defined by loan originations is Mortgage Research Center, LLC, with 714 VA loans originated. Their average total fees are $5,182, which is $258 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Oklahoma City VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,374), MOVEMENT MORTGAGE, LLC ($2,804), LAKEVIEW LOAN SERVICING, LLC ($3,271), VILLAGE CAPITAL & INVESTMENT LLC ($3,464) and MID AMERICA MORTGAGE, INC. ($3,494).

    The lowest rate Oklahoma City VA lenders (with over 10 loans originated) are ACCELERATE MORTGAGE, LLC (2.28%), PENTAGON FEDERAL CREDIT UNION (2.33%), KS StateBank (2.35%), North American Savings Bank, F.S.B. (2.36%) and Low VA Rates, LLC (2.37%).

    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.