Oklahoma City VA Loans

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 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.