Oxford VA Loan Rates, Closing Costs & Stats

Oxford, MS

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.

Oxford's 13 lenders originated 28 VA loans during 2023. The total origination value was $10,200,000, with an average VA loan value of $364,286.

Oxford VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Oxford averaged 6.25% for the week of 2024-10-11, compared to the national average (all VA variants) of 5.854% for the same period.

Oxford's average VA mortgage closing costs are $6,267.

The average rate for the prior week (2024-10-04) was 5.92% and one month ago for the week of 2024-09-06, the average rate was 5.91%.

The average rate one year ago was 7.37%.

For refis of the same type during the week of 2024-10-11, the average rate was 5.85%.

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

Oxford 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 Oxford level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 9 6.63% $17,502
NAVY FEDERAL CREDIT UNION 5 5.75% $5,168
USAA Federal Savings Bank 3 5.88% $11,823
PENTAGON FEDERAL CREDIT UNION 1 6.00% $3,585
Ixonia Bank 1 5.88% $21,085
Regions Bank 1 5.13% $12,253
Renasant Bank 1 6.13% $9,832
TJC Mortgage, Inc. 1 5.25% $8,536
Trustmark National Bank 1 6.50% $12,263
UNITED WHOLESALE MORTGAGE, LLC 1 6.88% $5,018
QUICKEN LOANS, LLC 1 7.49% $15,083
Magnolia Bank 1 6.63% $30,953
Mr. Cooper ( Nationstar Mortgage ) 1 5.38% $20,178

The top Oxford VA lender as defined by loan originations is Mortgage Research Center, LLC, with 9 VA loans originated. Their average total fees are $17,502, which is $12,333 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

The lowest fee Oxford VA lenders (with over 10 loans originated) are .

The lowest rate Oxford VA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Oxford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $316,975 (-6.4%) $369,775 (-7.0%) 0.00 392
2018-02-01 $319,950 (-4.4%) $369,615 (-4.7%) 0.00 403
2018-03-01 $329,000 (-3.0%) $378,142 (-4.8%) 0.00 410
2018-04-01 $334,975 (-1.5%) $379,275 (-5.0%) 0.00 431
2018-05-01 $325,000 (-6.3%) $369,038 (-10.2%) 0.00 455
2018-06-01 $309,000 (-11.2%) $364,238 (-10.9%) 0.00 467
2018-07-01 $299,450 (-14.4%) $360,140 (-9.9%) 0.00 470
2018-08-01 $284,900 (-12.0%) $348,320 (-8.9%) 0.00 484
2018-09-01 $264,900 (-19.7%) $337,816 (-12.5%) 0.00 515
2018-10-01 $258,225 (-21.5%) $330,002 (-11.7%) 0.00 513
2018-11-01 $258,500 (-19.2%) $329,952 (-9.7%) 0.00 488
2018-12-01 $259,900 (-17.5%) $334,184 (-6.0%) 0.00 480
2019-01-01 $256,150 (-19.2%) $335,332 (-9.3%) 0.00 457
2019-02-01 $250,425 (-21.7%) $335,931 (-9.1%) 0.00 503
2019-03-01 $255,629 (-22.3%) $338,460 (-10.5%) 0.00 526
2019-04-01 $259,500 (-22.5%) $340,054 (-10.3%) 0.00 550
2019-05-01 $269,250 (-17.2%) $352,690 (-4.4%) 0.00 564
2019-06-01 $274,900 (-11.0%) $363,766 (-0.1%) 0.00 577
2019-07-01 $274,950 (-8.2%) $370,656 (2.9%) 0.00 594
2019-08-01 $275,964 (-3.1%) $374,948 (7.6%) 0.00 556
2019-09-01 $278,234 (5.0%) $380,188 (12.5%) 0.00 508
2019-10-01 $281,225 (8.9%) $381,238 (15.5%) 0.00 475
2019-11-01 $279,000 (7.9%) $381,946 (15.8%) 0.00 457
2019-12-01 $269,200 (3.6%) $372,178 (11.4%) 0.00 406
2020-01-01 $264,500 (3.3%) $381,579 (13.8%) 0.00 381
2020-02-01 $258,925 (3.4%) $379,676 (13.0%) 0.00 432
2020-03-01 $258,900 (1.3%) $370,327 (9.4%) 0.00 445
2020-04-01 $262,450 (1.1%) $367,273 (8.0%) 0.00 447
2020-05-01 $263,500 (-2.1%) $373,447 (5.9%) 0.00 458
2020-06-01 $242,463 (-11.8%) $360,737 (-0.8%) 0.00 486
2020-07-01 $254,400 (-7.5%) $379,316 (2.3%) 0.00 476
2020-08-01 $265,500 (-3.8%) $382,222 (1.9%) 0.00 486
2020-09-01 $267,125 (-4.0%) $378,960 (-0.3%) 0.00 479
2020-10-01 $268,750 (-4.4%) $395,904 (3.9%) 0.00 476
2020-11-01 $265,375 (-4.9%) $404,873 (6.0%) 0.00 447
2020-12-01 $262,025 (-2.7%) $381,851 (2.6%) 0.00 433
2021-01-01 $264,100 (-0.2%) $378,450 (-0.8%) 0.00 407
2021-02-01 $291,625 (12.6%) $411,358 (8.3%) 0.00 375
2021-03-01 $297,450 (14.9%) $419,406 (13.3%) 0.00 355
2021-04-01 $348,500 (32.8%) $466,469 (27.0%) 0.00 323
2021-05-01 $379,500 (44.0%) $518,291 (38.8%) 0.00 235
2021-06-01 $396,725 (63.6%) $524,392 (45.4%) 0.00 235
2021-07-01 $429,950 (69.0%) $551,982 (45.5%) 0.00 219
2021-08-01 $414,380 (56.1%) $539,610 (41.2%) 0.00 208
2021-09-01 $399,925 (49.7%) $547,104 (44.4%) 0.00 205
2021-10-01 $389,000 (44.7%) $544,865 (37.6%) 0.00 180
2021-11-01 $389,000 (46.6%) $557,778 (37.8%) 0.00 164
2021-12-01 $424,278 (61.9%) $574,797 (50.5%) 0.00 133
2022-01-01 $449,900 (70.4%) $593,571 (56.8%) 0.00 109
2022-02-01 $490,575 (68.2%) $669,470 (62.8%) 0.00 82
2022-03-01 $483,725 (62.6%) $610,323 (45.5%) 0.00 97
2022-04-01 $497,450 (42.7%) $623,832 (33.7%) 0.00 98
2022-05-01 $432,425 (14.0%) $576,006 (11.1%) 0.00 115
2022-06-01 $397,000 (0.1%) $545,827 (4.1%) 0.00 139
2022-07-01 $399,000 (-7.2%) $539,371 (-2.3%) 0.00 168
2022-08-01 $439,725 (6.1%) $551,716 (2.2%) 0.00 161
2022-09-01 $422,500 (5.6%) $562,573 (2.8%) 0.00 153
2022-10-01 $449,000 (15.4%) $561,446 (3.0%) 0.00 159
2022-11-01 $493,725 (26.9%) $578,114 (3.7%) 0.00 148
2022-12-01 $495,000 (16.7%) $584,111 (1.6%) 0.00 120
2023-01-01 $475,000 (5.6%) $553,417 (-6.8%) 0.00 133
2023-02-01 $486,125 (-0.9%) $569,469 (-14.9%) 0.00 126
2023-03-01 $449,000 (-7.2%) $540,054 (-11.5%) 0.00 129
2023-04-01 $449,900 (-9.6%) $548,848 (-12.0%) 0.00 136
2023-05-01 $447,500 (3.5%) $565,588 (-1.8%) 0.00 129
2023-06-01 $445,000 (12.1%) $562,492 (3.1%) 0.00 132
2023-07-01 $450,000 (12.8%) $599,966 (11.2%) 0.00 130
2023-08-01 $479,450 (9.0%) $599,112 (8.6%) 0.00 144
2023-09-01 $495,500 (17.3%) $613,450 (9.0%) 0.00 162
2023-10-01 $497,250 (10.8%) $614,164 (9.4%) 0.00 152
2023-11-01 $504,675 (2.2%) $635,938 (10.0%) 0.00 151
2023-12-01 $532,985 (7.7%) $665,772 (14.0%) 0.00 141
2024-01-01 $489,925 (3.1%) $637,369 (15.2%) 0.00 167
2024-02-01 $492,000 (1.2%) $645,040 (13.3%) 0.00 158
2024-03-01 $539,900 (20.2%) $669,556 (24.0%) 0.00 142
2024-04-01 $594,750 (32.2%) $717,565 (30.7%) 0.00 149
2024-05-01 $554,500 (23.9%) $759,745 (34.3%) 0.00 169
2024-06-01 $565,000 (27.0%) $740,995 (31.7%) 0.00 192
2024-07-01 $582,500 (29.4%) $760,574 (26.8%) 0.00 214
2024-08-01 $559,500 (16.7%) $736,884 (23.0%) 0.00 213
2024-09-01 $548,500 (10.7%) $721,928 (17.7%) 0.00 210
Oxford's median listing price for 2024-09-01 was $548,500, a difference of $53,000 (10.7%) versus the prior year and $-11,000 versus the prior month.

Oxford's median listing price comes in at 0% of the national average.

Oxford's average listing price for 2024-09-01 was $721,928, a difference of $108,478 (17.7%) versus the prior year and $-14,956 versus the prior month.

For the 2024-09-01 period, Oxford had 210 MLS listings, a difference of -3 listings (-1%) versus the prior month and 48 listings (30%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Oxford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,930 sqft
2018-02-01 0 days 2,049 sqft
2018-03-01 0 days 2,070 sqft
2018-04-01 0 days 2,081 sqft
2018-05-01 0 days 2,075 sqft
2018-06-01 0 days 2,066 sqft
2018-07-01 0 days 2,039 sqft
2018-08-01 0 days 1,956 sqft
2018-09-01 0 days 1,875 sqft
2018-10-01 0 days 1,846 sqft
2018-11-01 0 days 1,834 sqft
2018-12-01 0 days 1,829 sqft
2019-01-01 0 days 1,802 sqft
2019-02-01 0 days 1,804 sqft
2019-03-01 0 days 1,826 sqft
2019-04-01 0 days 1,837 sqft
2019-05-01 0 days 1,847 sqft
2019-06-01 0 days 1,859 sqft
2019-07-01 0 days 1,860 sqft
2019-08-01 0 days 1,862 sqft
2019-09-01 0 days 1,862 sqft
2019-10-01 0 days 1,863 sqft
2019-11-01 0 days 1,862 sqft
2019-12-01 0 days 1,839 sqft
2020-01-01 0 days 1,852 sqft
2020-02-01 0 days 1,838 sqft
2020-03-01 0 days 1,807 sqft
2020-04-01 0 days 1,807 sqft
2020-05-01 0 days 1,800 sqft
2020-06-01 0 days 1,760 sqft
2020-07-01 0 days 1,800 sqft
2020-08-01 0 days 1,849 sqft
2020-09-01 0 days 1,859 sqft
2020-10-01 0 days 1,855 sqft
2020-11-01 0 days 1,834 sqft
2020-12-01 0 days 1,820 sqft
2021-01-01 0 days 1,860 sqft
2021-02-01 0 days 1,864 sqft
2021-03-01 0 days 1,868 sqft
2021-04-01 0 days 2,033 sqft
2021-05-01 0 days 2,102 sqft
2021-06-01 0 days 2,120 sqft
2021-07-01 0 days 2,248 sqft
2021-08-01 0 days 2,183 sqft
2021-09-01 0 days 2,056 sqft
2021-10-01 0 days 2,052 sqft
2021-11-01 0 days 2,051 sqft
2021-12-01 0 days 2,048 sqft
2022-01-01 0 days 2,039 sqft
2022-02-01 0 days 2,162 sqft
2022-03-01 0 days 2,067 sqft
2022-04-01 0 days 2,377 sqft
2022-05-01 0 days 2,108 sqft
2022-06-01 0 days 2,033 sqft
2022-07-01 0 days 2,000 sqft
2022-08-01 0 days 2,033 sqft
2022-09-01 0 days 2,065 sqft
2022-10-01 0 days 2,070 sqft
2022-11-01 0 days 2,287 sqft
2022-12-01 0 days 2,350 sqft
2023-01-01 0 days 2,143 sqft
2023-02-01 0 days 2,088 sqft
2023-03-01 0 days 1,911 sqft
2023-04-01 0 days 1,996 sqft
2023-05-01 0 days 1,933 sqft
2023-06-01 0 days 2,081 sqft
2023-07-01 0 days 2,100 sqft
2023-08-01 0 days 2,122 sqft
2023-09-01 0 days 2,142 sqft
2023-10-01 0 days 2,144 sqft
2023-11-01 0 days 2,195 sqft
2023-12-01 0 days 2,188 sqft
2024-01-01 0 days 2,019 sqft
2024-02-01 0 days 1,992 sqft
2024-03-01 0 days 2,054 sqft
2024-04-01 0 days 2,210 sqft
2024-05-01 0 days 2,229 sqft
2024-06-01 0 days 2,199 sqft
2024-07-01 0 days 2,248 sqft
2024-08-01 0 days 2,239 sqft
2024-09-01 0 days 2,179 sqft
Oxford's median listing age (time on market) for 2024-09-01 was 0 days.

Oxford's median square footage for active listings during the 2024-09-01 period was 2,179 sqft. One year prior, the average listing was 2,142 sqft.

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.