Oshkosh VA Loan Rates, Closing Costs & Stats

OSHKOSH-NEENAH, WI

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.

Oshkosh's 38 lenders originated 120 VA loans during 2023. The total origination value was $31,740,000, with an average VA loan value of $264,500.

Oshkosh VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Oshkosh averaged 6.32% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

Oshkosh's average VA mortgage closing costs are $4,603.

The average rate for the prior week (2024-07-12) was 6.66% and one month ago for the week of 2024-06-14, the average rate was 6.62%.

The average rate one year ago was 6.9%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.53%.

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

Oshkosh 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 Oshkosh level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 33 6.71% $6,635
NAVY FEDERAL CREDIT UNION 8 5.89% $4,972
Nations Lending Corporation 6 6.85% $8,690
UNITED WHOLESALE MORTGAGE, LLC 6 6.74% $7,076
Waterstone Mortgage Corporation 5 7.08% $11,802
QUICKEN LOANS, LLC 5 6.14% $8,195
NEW DAY FINANCIAL, LLC 5 7.42% $12,197
GUARANTEED RATE, INC. 4 6.72% $7,437
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.25% $10,901
AMERISAVE MORTGAGE CORPORATION 3 5.75% $6,912
GSF Mortgage Corporation 3 6.88% $7,546
PENNYMAC LOAN SERVICES, LLC 3 6.42% $7,086
Barrington Bank & Trust Company, N.A. 3 6.92% $9,265
U.S. Bank 3 6.63% $6,115
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.38% $15,799
USAA Federal Savings Bank 2 5.75% $6,768
Wells Fargo Bank 2 6.31% $3,014
FREEDOM MORTGAGE CORPORATION 2 7.00% $8,816
LOANDEPOT.COM, LLC 2 5.63% $16,191
Mid-Continent Funding, Inc. 1 6.25% $12,749
Bank First, N.A. 1 6.75% $6,313
Bank of England 1 6.25% $9,643
CARDINAL FINANCIAL 1 5.75% $4,624
CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $11,060
FIRST CENTENNIAL MORTGAGE CORPORATION 1 5.75% $4,482
First Federal Bank 1 6.50% $6,133
Flagstar Bank, FSB 1 6.25% $1,331
GUILD MORTGAGE COMPANY 1 7.13% $2,761
HOMESIDE FINANCIAL, LLC 1 7.25% $8,151
LAKEVIEW LOAN SERVICING, LLC 1 5.75% $13,121
ALTRA 1 5.63% $1,988
MOVEMENT MORTGAGE, LLC 1 6.75% $1,754
M&T Bank 1 6.63% $5,498
Paramount Residential Mortgage Group, Inc. 1 6.75% $10,400
PREMIA MORTGAGE, LLC 1 5.75% $7,450
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $9,778
Prosperity Home Mortgage, LLC 1 5.50% $13,352
TOWNE MORTGAGE COMPANY 1 6.75% $7,075

The top Oshkosh VA lender as defined by loan originations is Mortgage Research Center, LLC, with 33 VA loans originated. Their average total fees are $6,635, which is $1,664 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

The lowest fee Oshkosh VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,635), .

The lowest rate Oshkosh VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.71%), .

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.