Oklahoma City VA Loan Rates, Closing Costs & Stats

OKLAHOMA CITY, OK

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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 6.08% for the week of 2024-10-11, compared to the national average (all VA variants) of 5.854% for the same period.

    Oklahoma City's average VA mortgage closing costs are $5,849.

    The average rate for the prior week (2024-10-04) was 6.05% and one month ago for the week of 2024-09-06, the average rate was 5.74%.

    The average rate one year ago was 7.61%.

    For refis of the same type during the week of 2024-10-11, the average rate was 6.08%.

    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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Oklahoma City level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 459 6.75% $6,000
    NAVY FEDERAL CREDIT UNION 191 5.82% $5,479
    CORNERSTONE HOME LENDING, INC. 179 6.44% $6,187
    UNITED WHOLESALE MORTGAGE, LLC 126 6.28% $8,673
    First United Bank and Trust Company 122 6.61% $8,736
    QUICKEN LOANS, LLC 116 6.27% $11,501
    ASSOCIATED MORTGAGE CORPORATION 89 6.21% $9,044
    Stride Bank 82 6.46% $9,004
    USAA Federal Savings Bank 80 6.25% $7,609
    GUARANTEED RATE, INC. 60 6.35% $5,437
    PENNYMAC LOAN SERVICES, LLC 54 5.98% $8,680
    MORTGAGE SOLUTIONS OF COLORADO, LLC 50 7.46% $4,703
    CWM PARTNERS, L.P. 44 5.83% $3,977
    FREEDOM MORTGAGE CORPORATION 42 6.61% $13,795
    NEW DAY FINANCIAL, LLC 41 7.50% $11,568
    Gateway First Bank 39 6.79% $6,699
    DHI MORTGAGE COMPANY, LTD. 37 5.36% $6,946
    LOANDEPOT.COM, LLC 35 6.21% $9,867
    First National Bank and Trust Company 34 6.68% $7,950
    The Federal Savings Bank 30 6.55% $17,399
    CMG MORTGAGE, INC. 29 6.42% $10,304
    F & M Bank 26 6.29% $6,505
    VILLAGE CAPITAL MORTGAGE 25 6.44% $11,688
    NEWREZ LLC 25 6.42% $8,553
    The Central Trust Bank 21 6.51% $6,953
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 21 6.29% $7,302
    FIRST AMERICAN MORTGAGE, INC. 19 6.41% $5,827
    Great Plains National Bank 19 5.86% $6,246
    FINANCIAL CONCEPTS MORTGAGE, LLC 19 6.63% $7,176
    PENTAGON FEDERAL CREDIT UNION 19 5.70% $8,753
    Mr. Cooper ( Nationstar Mortgage ) 18 6.03% $12,511
    UNION HOME MORTGAGE CORP. 18 6.85% $8,078
    CROSSCOUNTRY MORTGAGE, LLC 17 6.45% $7,270
    SWBC MORTGAGE CORPORATION 17 7.09% $10,682
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 16 6.79% $6,995
    PLAZA HOME MORTGAGE, INC. 16 6.91% $10,821
    NBKC BANK 14 5.74% $5,831
    BOKF 14 6.46% $9,115
    MUTUAL OF OMAHA MORTGAGE, INC. 13 5.99% $8,506
    MLD MORTGAGE INC. 13 6.83% $7,417
    Flagstar Bank, FSB 13 6.68% $9,476
    Barrington Bank & Trust Company, N.A. 13 6.37% $10,400
    AMCAP MORTGAGE, LTD. 12 6.60% $12,947
    PRIMELENDING, A PLAINSCAPITAL COMPANY 12 6.73% $6,685
    AMERISAVE MORTGAGE CORPORATION 12 6.04% $15,060
    AMERICAN PACIFIC MORTGAGE CORPORATION 12 6.60% $9,208
    FLAT BRANCH MORTGAGE, INC. 11 6.55% $8,449
    Arvest Bank 11 6.10% $7,993
    GUILD MORTGAGE COMPANY 10 6.55% $11,279
    CARDINAL FINANCIAL 10 6.26% $12,932
    BancFirst 9 6.92% $7,884
    Tinker Federal Credit Union 8 6.84% $6,341
    Paramount Residential Mortgage Group, Inc. 8 6.92% $9,632
    JPMorgan Chase Bank 8 6.64% $7,223
    BROKER SOLUTIONS, INC. 8 6.59% $10,977
    Farmers Bank & Trust 8 5.94% $5,565
    U.S. Bank 8 6.27% $10,784
    Wells Fargo Bank 7 6.25% $5,256
    LOANPAL, LLC 7 6.05% $12,626
    NTFN, INC. 7 6.29% $5,736
    Plains Commerce Bank 6 6.13% $10,386
    First Liberty Bank 6 6.29% $8,332
    HOMEBRIDGE FINANCIAL SERVICES, INC. 6 6.69% $5,572
    American Mortgage Bank, LLC 6 6.40% $11,522
    American Mortgage & Equity Consultants, Inc. 6 7.19% $6,096
    AmeriHome Mortgage Company, LLC 6 6.29% $10,145
    TOWNE MORTGAGE COMPANY 6 6.54% $9,755
    Magnolia Bank 5 6.28% $18,494
    Equity Prime Mortgage LLC 5 7.28% $8,437
    LAKEVIEW LOAN SERVICING, LLC 5 6.13% $10,444
    SUN WEST MORTGAGE COMPANY, INC. 5 6.56% $10,535
    Chickasaw Community Bank 5 6.70% $9,084
    Bank of England 4 6.34% $7,297
    Armed Forces Bank 4 6.47% $9,290
    PLANET HOME LENDING, LLC 4 6.37% $9,897
    PREMIA MORTGAGE, LLC 4 6.31% $6,925
    SUCCESS MORTGAGE PARTNERS, INC. 4 7.00% $8,136
    BNC National Bank 4 5.16% $10,273
    HOMESIDE FINANCIAL, LLC 4 7.25% $16,249
    EVERETT FINANCIAL, INC. 4 7.34% $6,624
    Prosperity Bank 4 6.53% $7,803
    GUARANTEED RATE AFFINITY, LLC 3 6.23% $7,434
    POLARIS HOME FUNDING CORP. 3 7.33% $15,768
    MidFirst Bank 3 5.92% $4,139
    Simmons Bank 3 5.92% $3,846
    Mortgage Investment Services Corporation 3 6.42% $23,651
    EAGLE HOME MORTGAGE, LLC 3 5.04% $7,224
    United Fidelity Funding Corp. 3 6.54% $11,514
    NexBank 3 6.17% $6,173
    AMERICAN FINANCIAL NETWORK, INC. 3 6.79% $5,256
    MOVEMENT MORTGAGE, LLC 2 6.75% $5,613
    Servion, Inc. 2 6.00% $8,828
    OPEN MORTGAGE, LLC 2 7.19% $4,166
    INTERLINC MORTGAGE SERVICES, LLC 2 6.69% $13,536
    SENTE MORTGAGE, INC. 2 6.94% $5,366
    S1L, Inc. 2 5.63% $14,015
    AMERICAN FINANCING CORPORATION 2 6.31% $4,037
    Goldwater Bank, N.A. 2 6.50% $5,804
    DRAPER AND KRAMER MORTGAGE CORP. 2 6.19% $11,531
    Nations Lending Corporation 2 5.88% $8,892
    CONTOUR MORTGAGE CORPORATION 2 6.44% $15,930
    First Federal Bank 2 7.25% $4,105
    First Savings Bank 2 5.75% $11,648
    Network Funding, L.P. 2 6.00% $11,478
    RESIDENTIAL BANCORP 2 6.75% $10,106
    RCB Bank 2 6.75% $9,382
    Citizens Bank 2 6.25% $4,577
    Century Mortgage Company DBA Century Lending Company 2 6.44% $2,608
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.44% $19,153
    Northpointe Bank 2 6.00% $15,227
    FBC MORTGAGE, LLC 2 5.62% $10,116
    OKLAHOMA'S 2 6.81% $4,957
    AXIA FINANCIAL, LLC 2 6.19% $10,040
    Bank of America 2 6.63% $3,987
    MORTGAGEONE, INC. 2 8.13% $4,150
    Sierra Pacific Mortgage Company, Inc. 2 6.56% $11,987
    FORT SILL 1 6.88% $2,453
    GARDNER FINANCIAL SERVICES, LTD. 1 7.13% $8,373
    GENEVA FINANCIAL, LLC 1 7.13% $19,135
    GoPrime Mortgage, Inc. 1 6.88% $16,103
    GSF Mortgage Corporation 1 5.13% $8,865
    FIRST COLONY MORTGAGE CORPORATION 1 6.75% $7,299
    First Bank 1 5.75% $12,989
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.00% $13,987
    HOMESTEAD FUNDING CORP. 1 5.50% $4,280
    HOMETRUST MORTGAGE COMPANY 1 6.25% $5,454
    Ixonia Bank 1 6.25% $3,332
    Fidelity Bank 1 7.25% $6,687
    LEADERONE FINANCIAL CORPORATION 1 7.49% $5,954
    LEGEND LENDING CORPORATION 1 6.50% $9,648
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.88% $4,215
    Lincoln FSB of Nebraska 1 6.25% $3,249
    Waterstone Mortgage Corporation 1 7.25% $4,218
    MEMBER FIRST MORTGAGE, LLC 1 7.13% $10,816
    MICHIGAN MUTUAL, INC. 1 7.13% $89
    EVANSVILLE TEACHERS 1 5.75% $6,947
    M&T Bank 1 6.13% $6,302
    COMMUNITYAMERICA 1 7.75% $10,626
    COMMUNICATION 1 7.13% $3,795
    NEW FED MORTGAGE, CORP. 1 7.63% $4,666
    North American Savings Bank, F.S.B. 1 4.75% $977
    CASTLE & COOKE MORTGAGE, LLC 1 6.50% $18,515
    PHH Mortgage Corporation 1 6.99% $10,159
    Carrington Mortgage Services, LLC 1 6.63% $2,927
    CALIBER HOME LOANS, INC. 1 5.75% $39,408
    ROYAL UNITED MORTGAGE LLC 1 7.13% $16,454
    SFMC, LP 1 5.25% $11,103
    BAY EQUITY LLC 1 7.63% $2,725
    SUMMIT FUNDING, INC. 1 6.50% $23,682
    Sunflower Bank 1 5.63% $6,429
    THE MORTGAGE LINK, INC. 1 6.88% $8,086
    Town Square Mortgage & Investments, Inc. 1 7.63% $2,659
    Unify Home Lending Inc. 1 7.13% $4,378
    UNION SQUARE 1 7.50% $3,958
    US Employees O.C. Federal Credit Union 1 5.75% $11,973
    US MORTGAGE CORPORATION 1 7.63% $8,028
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.13% $7,186
    V.I.P. MORTGAGE, INC. 1 5.75% $3,306
    First State Bank of St. Charles, Missouri 1 6.38% $4,608

    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%).

    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.