Oklahoma City VA Loan Rates, Closing Costs & Stats

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 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 163 lenders originated 3,672 VA loans during 2024. The total origination value was $1,149,860,000, with an average VA loan value of $313,143.

    Oklahoma City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Oklahoma City averaged 0.28% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Oklahoma City's average VA mortgage closing costs are $6,045.

    The average rate for the prior week (2025-06-13) was 6.82% and one month ago for the week of 2025-05-16, the average rate was 6.78%.

    The average rate one year ago was 6.78%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.04%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 611 6.44% $5,682
    UNITED WHOLESALE MORTGAGE, LLC 269 5.95% $8,160
    QUICKEN LOANS, LLC 171 6.05% $11,566
    FREEDOM MORTGAGE CORPORATION 150 6.26% $8,587
    NAVY FEDERAL CREDIT UNION 142 5.92% $5,378
    First United Bank and Trust Company 133 6.33% $8,316
    PENNYMAC LOAN SERVICES, LLC 126 5.82% $7,570
    ASSOCIATED MORTGAGE CORPORATION 103 6.29% $7,122
    Stride Bank 96 6.01% $7,569
    USAA Federal Savings Bank 76 6.34% $7,419
    VILLAGE CAPITAL MORTGAGE 73 5.80% $7,087
    MORTGAGE SOLUTIONS OF COLORADO, LLC 60 7.15% $3,669
    MLD MORTGAGE INC. 57 6.03% $7,137
    NEWREZ LLC 53 6.15% $7,622
    NEW DAY FINANCIAL, LLC 51 7.59% $11,972
    CORNERSTONE HOME LENDING, INC. 50 6.50% $9,077
    DHI MORTGAGE COMPANY, LTD. 49 4.96% $6,347
    LOANDEPOT.COM, LLC 43 6.08% $9,403
    Great Plains National Bank 43 6.15% $7,103
    American Mortgage & Equity Consultants, Inc. 43 6.64% $12,434
    GUARANTEED RATE, INC. 41 6.24% $5,294
    CWM PARTNERS, L.P. 39 5.81% $4,387
    CMG MORTGAGE, INC. 38 6.12% $9,607
    Gateway First Bank 35 6.53% $7,840
    PLANET HOME LENDING, LLC 34 5.61% $5,034
    UNION HOME MORTGAGE CORP. 26 6.28% $8,197
    CROSSCOUNTRY MORTGAGE, LLC 25 6.36% $7,281
    Mr. Cooper ( Nationstar Mortgage ) 24 6.29% $10,123
    First National Bank and Trust Company 22 6.26% $11,698
    SWBC MORTGAGE CORPORATION 21 6.60% $9,349
    Paramount Residential Mortgage Group, Inc. 20 6.52% $6,907
    NBKC BANK 19 5.81% $6,946
    BROKER SOLUTIONS, INC. 18 6.30% $14,124
    ENVOY MORTGAGE, LTD 18 6.45% $8,984
    The Federal Savings Bank 17 6.44% $14,996
    GUILD MORTGAGE COMPANY 17 6.40% $6,552
    GARDNER FINANCIAL SERVICES, LTD. 16 6.86% $9,422
    F & M Bank 16 6.27% $5,063
    BOKF 16 6.66% $8,437
    LAKEVIEW LOAN SERVICING, LLC 16 5.81% $7,778
    MUTUAL OF OMAHA MORTGAGE, INC. 15 6.30% $14,259
    Arvest Bank 15 5.95% $5,232
    Equity Prime Mortgage LLC 15 6.50% $7,985
    FLAT BRANCH MORTGAGE, INC. 13 6.37% $7,049
    Carrington Mortgage Services, LLC 13 6.14% $11,294
    CARDINAL FINANCIAL 13 6.37% $11,575
    V.I.P. MORTGAGE, INC. 13 5.94% $6,657
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 6.35% $8,852
    First Federal Bank 12 5.73% $9,397
    LOANPAL, LLC 11 5.98% $10,648
    American Mortgage Bank, LLC 10 6.64% $4,640
    The Central Trust Bank 10 6.46% $5,188
    SOUTHWEST FUNDING, LP 10 6.35% $7,894
    Barrington Bank & Trust Company, N.A. 10 6.45% $7,069
    Flagstar Bank, FSB 9 6.50% $7,347
    TOWNE MORTGAGE COMPANY 9 6.22% $9,126
    EAGLE HOME MORTGAGE, LLC 9 4.32% $5,400
    SUN WEST MORTGAGE COMPANY, INC. 9 6.17% $8,132
    PRIMELENDING, A PLAINSCAPITAL COMPANY 8 6.48% $5,355
    FIRST AMERICAN MORTGAGE, INC. 8 6.34% $7,782
    Credence Funding Corporation 8 6.02% $5,412
    Armed Forces Bank 8 5.58% $9,987
    PLAZA HOME MORTGAGE, INC. 8 6.00% $11,759
    ZILLOW HOME LOANS, LLC 7 6.18% $7,796
    JPMorgan Chase Bank 7 6.46% $3,877
    Tinker Federal Credit Union 7 6.71% $4,920
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 6.38% $7,323
    AMERISAVE MORTGAGE CORPORATION 7 5.80% $18,792
    Magnolia Bank 6 6.08% $13,422
    MOVEMENT MORTGAGE, LLC 6 6.42% $6,148
    PHH Mortgage Corporation 5 5.90% $5,152
    AmeriHome Mortgage Company, LLC 5 6.53% $6,297
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 6.40% $7,208
    BancFirst 5 6.30% $7,239
    Waterstone Mortgage Corporation 5 6.10% $14,012
    PENTAGON FEDERAL CREDIT UNION 5 6.28% $7,951
    Texana Bank 4 6.59% $9,663
    AMERICAN FINANCIAL NETWORK, INC. 4 5.78% $11,391
    Century Mortgage Company DBA Century Lending Company 4 6.00% $6,192
    FBC MORTGAGE, LLC 4 6.63% $1,860
    FIRST COLONY MORTGAGE CORPORATION 4 6.16% $8,676
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 6.56% $6,234
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.37% $4,924
    SUCCESS MORTGAGE PARTNERS, INC. 4 7.18% $8,412
    U.S. Bank 4 6.00% $10,495
    HOMESIDE FINANCIAL, LLC 3 5.92% $8,573
    Farmers Bank & Trust 3 6.33% $13,568
    INTERLINC MORTGAGE SERVICES, LLC 3 6.79% $11,003
    CHURCHILL MORTGAGE CORPORATION 3 5.96% $8,459
    CANOPY MORTGAGE, LLC 3 6.13% $4,733
    MORTGAGEONE, INC. 3 7.08% $4,167
    GoPrime Mortgage, Inc. 3 6.67% $8,368
    The Loan Store, Inc. 3 5.96% $8,259
    THE MORTGAGE LINK, INC. 3 6.58% $13,165
    BAY EQUITY LLC 3 6.33% $3,106
    NFM, INC. 3 6.33% $5,999
    AMERICAN FINANCING CORPORATION 3 5.83% $11,877
    GENEVA FINANCIAL, LLC 3 6.33% $11,381
    MID AMERICA MORTGAGE, INC. 2 7.25% $9,661
    Goldwater Bank, N.A. 2 5.69% $8,705
    SeaTrust Mortgage Company 2 6.38% $4,671
    Old National Bank 2 5.75% $3,160
    Bank of America 2 5.50% $4,716
    Plains Commerce Bank 2 6.31% $8,141
    INTERCAP LENDING INC. 2 5.56% $10,721
    NETWORK CAPITAL FUNDING CORPORATION 2 6.38% $13,394
    MidFirst Bank 2 5.75% $9,646
    PNC Bank 2 6.31% $12,346
    ALLIANT CREDIT UNION 2 5.38% $7,260
    ROYAL UNITED MORTGAGE LLC 2 6.75% $13,424
    S1L, Inc. 2 7.06% $9,054
    Mortgage Investment Services Corporation 2 6.25% $9,073
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.25% $6,872
    SENTE MORTGAGE, INC. 1 6.75% $10,240
    Service Federal Credit Union 1 6.13% $1,980
    Servion, Inc. 1 6.50% $14,700
    SFMC, LP 1 7.63% $1,579
    COMMUNICATION 1 7.50% $5,029
    SOUTHWEST STAGE FUNDING, LLC 1 6.75% $5,894
    Commerce Bank 1 7.63% $2,813
    WRIGHT-PATT CREDIT UNION, INC. 1 6.75% $4,438
    CLEARPATH LENDING 1 6.00% $2,888
    Affiliated Bank 1 6.13% $16,147
    CALCON MUTUAL MORTGAGE LLC 1 6.00% $16,867
    The Huntington National Bank 1 5.50% $10,640
    TIB The Independent Bankersbank 1 7.25% $3,310
    Blue Ridge Bank 1 5.99% $12,049
    Bank of England 1 6.75% $14,629
    Atlantic Coast Mortgage, LLC 1 6.25% $9,233
    US MORTGAGE CORPORATION 1 6.25% $12,279
    VAN DYK MORTGAGE CORPORATION 1 6.25% $4,663
    American Bank of Oklahoma 1 6.00% $20,833
    Wells Fargo Bank 1 6.50% $4,674
    LOANPEOPLE, LLC 1 6.75% $11,709
    Members Mortgage Services, L.L.C. 1 5.88% $11,628
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.25% $21,928
    Meridian Bank Corporation 1 6.13% $4,148
    MICHIGAN MUTUAL, INC. 1 6.25% $3,315
    Midwest Mortgage Associates Corporation 1 5.63% $7,964
    LEGEND LENDING CORPORATION 1 7.25% $10,010
    LEADERONE FINANCIAL CORPORATION 1 6.13% $6,195
    Jonah Bank of Wyoming 1 6.75% $997
    MOUNTAIN WEST FINANCIAL, INC. 1 5.50% $22,614
    M&T Bank 1 6.25% $5,574
    Hometown Equity Mortgage, LLC 1 6.25% $11,822
    NASA Federal Credit Union 1 5.63% $11,269
    Nations Lending Corporation 1 6.75% $14,428
    NBH Bank 1 6.25% $4,300
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.75% $1,353
    Network Funding, L.P. 1 6.13% $4,762
    NEW FED MORTGAGE, CORP. 1 6.75% $10,175
    OCEANSIDE MORTGAGE COMPANY 1 6.75% $1,154
    PANORAMA MORTGAGE GROUP, LLC 1 7.25% $13,094
    First National Bank Texas 1 6.00% $8,431
    DEVELOPER'S MORTGAGE COMPANY 1 7.00% $9,257
    DAS Acquisition Company, LLC 1 6.13% $3,728
    Cornerstone First Mortgage, Inc 1 6.50% $6,736
    POLARIS HOME FUNDING CORP. 1 6.25% $12,849
    PREMIA MORTGAGE, LLC 1 5.63% $25,030
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.25% $4,136
    Core Bank 1 6.25% $3,681
    Prosperity Bank 1 6.25% $1,905
    COMMUNITYAMERICA 1 6.13% $5,149

    The top Oklahoma City VA lender as defined by loan originations is Mortgage Research Center, LLC, with 611 VA loans originated. Their average total fees are $5,682, which is $2,478 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Oklahoma City VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,669), CWM PARTNERS, L.P. ($4,387), American Mortgage Bank, LLC ($4,640), PLANET HOME LENDING, LLC ($5,034) and F & M Bank ($5,063).

    The lowest rate Oklahoma City VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.96%), PLANET HOME LENDING, LLC (5.61%), First Federal Bank (5.73%), VILLAGE CAPITAL MORTGAGE (5.80%) and CWM PARTNERS, L.P. (5.81%).

    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.