Shawnee VA Loan Rates, Closing Costs & Stats

Shawnee, 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.

    Shawnee's 53 lenders originated 212 VA loans during 2024. The total origination value was $58,830,000, with an average VA loan value of $277,500.

    Shawnee VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Shawnee averaged 6.65% for the week of 2025-07-11, compared to the national average (all VA variants) of 6.37% for the same period.

    Shawnee's average VA mortgage closing costs are $5,716.

    The average rate for the prior week (2025-07-04) was 6.96% and one month ago for the week of 2025-06-06, the average rate was 7.14%.

    The average rate one year ago was 6.96%.

    For refis of the same type during the week of 2025-07-11, the average rate was 6.47%.

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

    Shawnee 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 Shawnee level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 52 6.47% $6,288
    First United Bank and Trust Company 17 6.33% $6,653
    FREEDOM MORTGAGE CORPORATION 12 6.55% $9,980
    UNITED WHOLESALE MORTGAGE, LLC 12 5.72% $9,147
    PENNYMAC LOAN SERVICES, LLC 11 5.83% $6,126
    MORTGAGE SOLUTIONS OF COLORADO, LLC 8 7.69% $2,449
    QUICKEN LOANS, LLC 6 6.12% $12,290
    NAVY FEDERAL CREDIT UNION 5 5.98% $3,231
    Gateway First Bank 4 6.38% $4,525
    BOKF 4 6.50% $14,217
    GUARANTEED RATE, INC. 3 6.41% $7,241
    Stride Bank 3 6.50% $4,398
    VILLAGE CAPITAL MORTGAGE 3 6.08% $8,127
    First National Bank and Trust Company 2 6.44% $14,356
    ASSOCIATED MORTGAGE CORPORATION 2 6.00% $5,036
    NEW DAY FINANCIAL, LLC 2 7.50% $12,160
    NEWREZ LLC 2 5.75% $3,582
    American Mortgage & Equity Consultants, Inc. 2 7.00% $7,898
    MLD MORTGAGE INC. 2 5.88% $953
    SOUTHWEST FUNDING, LP 2 6.19% $11,952
    SUN WEST MORTGAGE COMPANY, INC. 2 5.69% $6,458
    Flagstar Bank, FSB 2 6.74% $8,774
    LOANDEPOT.COM, LLC 2 6.63% $12,741
    UNION HOME MORTGAGE CORP. 2 6.50% $9,325
    USAA Federal Savings Bank 2 6.38% $8,248
    American Mortgage Bank, LLC 1 7.50% $0
    The Federal Savings Bank 1 5.13% $18,528
    Tinker Federal Credit Union 1 6.63% $3,758
    The Central Trust Bank 1 6.13% $5,363
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $14,823
    Arvest Bank 1 5.50% $13,446
    BancFirst 1 6.25% $4,396
    Barrington Bank & Trust Company, N.A. 1 7.25% $6,730
    CANOPY MORTGAGE, LLC 1 6.63% $4,012
    CARDINAL FINANCIAL 1 6.25% $7,302
    CHURCHILL MORTGAGE CORPORATION 1 7.13% $9,112
    Credence Funding Corporation 1 4.75% $7,104
    CROSSCOUNTRY MORTGAGE, LLC 1 6.44% $9,536
    ENVOY MORTGAGE, LTD 1 7.13% $4,821
    FIRST AMERICAN MORTGAGE, INC. 1 7.25% $5,655
    FLAT BRANCH MORTGAGE, INC. 1 6.13% $4,846
    F & M Bank 1 6.75% $4,416
    Goldwater Bank, N.A. 1 6.13% $3,805
    GoPrime Mortgage, Inc. 1 7.00% $7,613
    Great Plains National Bank 1 6.50% $0
    LAKEVIEW LOAN SERVICING, LLC 1 5.25% $4,408
    Mortgage Investment Services Corporation 1 6.25% $2,128
    MOVEMENT MORTGAGE, LLC 1 6.25% $4,782
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $12,540
    NEW FED MORTGAGE, CORP. 1 6.75% $3,098
    Paramount Residential Mortgage Group, Inc. 1 7.13% $1,860
    Plains Commerce Bank 1 6.75% $13,668
    Texana Bank 1 5.63% $8,840

    The top Shawnee VA lender as defined by loan originations is Mortgage Research Center, LLC, with 52 VA loans originated. Their average total fees are $6,288, which is $365 lower than the next largest lender, First United Bank and Trust Company.

    The lowest fee Shawnee VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC ($6,126), Mortgage Research Center, LLC ($6,288), First United Bank and Trust Company ($6,653), UNITED WHOLESALE MORTGAGE, LLC ($9,147) and FREEDOM MORTGAGE CORPORATION ($9,980).

    The lowest rate Shawnee VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.72%), PENNYMAC LOAN SERVICES, LLC (5.83%), First United Bank and Trust Company (6.33%), Mortgage Research Center, LLC (6.47%) and FREEDOM MORTGAGE CORPORATION (6.55%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Shawnee (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 $144,225 (2.3%) $162,693 (-7.1%) 0.00 259
    2018-02-01 $147,450 (2.6%) $167,016 (-4.6%) 0.00 250
    2018-03-01 $155,500 (10.2%) $173,593 (-1.9%) 0.00 244
    2018-04-01 $156,200 (12.0%) $175,886 (5.7%) 0.00 263
    2018-05-01 $156,450 (15.3%) $177,449 (10.2%) 0.00 273
    2018-06-01 $155,000 (13.1%) $181,589 (11.2%) 0.00 280
    2018-07-01 $152,225 (9.0%) $178,544 (7.3%) 0.00 302
    2018-08-01 $139,900 (-3.5%) $170,766 (2.4%) 0.00 306
    2018-09-01 $149,700 (0.1%) $182,670 (8.8%) 0.00 295
    2018-10-01 $159,625 (6.7%) $183,319 (10.5%) 0.00 297
    2018-11-01 $151,100 (0.8%) $178,337 (7.6%) 0.00 283
    2018-12-01 $139,950 (-6.4%) $179,151 (8.6%) 0.00 286
    2019-01-01 $140,200 (-2.8%) $179,007 (10.0%) 0.00 265
    2019-02-01 $149,075 (1.1%) $187,122 (12.0%) 0.00 242
    2019-03-01 $149,686 (-3.7%) $188,714 (8.7%) 0.00 223
    2019-04-01 $150,000 (-4.0%) $189,949 (8.0%) 0.00 198
    2019-05-01 $165,350 (5.7%) $185,571 (4.6%) 0.00 184
    2019-06-01 $169,900 (9.6%) $189,841 (4.5%) 0.00 174
    2019-07-01 $169,900 (11.6%) $195,088 (9.3%) 0.00 186
    2019-08-01 $174,618 (24.8%) $204,115 (19.5%) 0.00 183
    2019-09-01 $174,945 (16.9%) $210,761 (15.4%) 0.00 172
    2019-10-01 $175,164 (9.7%) $216,570 (18.1%) 0.00 163
    2019-11-01 $179,500 (18.8%) $218,677 (22.6%) 0.00 174
    2019-12-01 $183,750 (31.3%) $213,600 (19.2%) 0.00 170
    2020-01-01 $178,950 (27.6%) $206,235 (15.2%) 0.00 165
    2020-02-01 $170,000 (14.0%) $200,647 (7.2%) 0.00 167
    2020-03-01 $180,000 (20.3%) $215,351 (14.1%) 0.00 166
    2020-04-01 $183,125 (22.1%) $211,606 (11.4%) 0.00 156
    2020-05-01 $182,450 (10.3%) $216,266 (16.5%) 0.00 132
    2020-06-01 $196,750 (15.8%) $232,544 (22.5%) 0.00 120
    2020-07-01 $201,975 (18.9%) $246,989 (26.6%) 0.00 127
    2020-08-01 $192,101 (10.0%) $221,933 (8.7%) 0.00 123
    2020-09-01 $190,179 (8.7%) $219,808 (4.3%) 0.00 112
    2020-10-01 $198,905 (13.6%) $242,881 (12.2%) 0.00 101
    2020-11-01 $199,203 (11.0%) $259,505 (18.7%) 0.00 97
    2020-12-01 $184,536 (0.4%) $251,723 (17.9%) 0.00 97
    2021-01-01 $207,553 (16.0%) $290,315 (40.8%) 0.00 73
    2021-02-01 $226,226 (33.1%) $309,575 (54.3%) 0.00 56
    2021-03-01 $208,684 (15.9%) $278,243 (29.2%) 0.00 71
    2021-04-01 $221,176 (20.8%) $276,965 (30.9%) 0.00 77
    2021-05-01 $222,213 (21.8%) $281,262 (30.1%) 0.00 81
    2021-06-01 $223,556 (13.6%) $287,013 (23.4%) 0.00 90
    2021-07-01 $214,525 (6.2%) $279,257 (13.1%) 0.00 110
    2021-08-01 $221,831 (15.5%) $274,649 (23.8%) 0.00 146
    2021-09-01 $230,101 (21.0%) $326,208 (48.4%) 0.00 128
    2021-10-01 $222,408 (11.8%) $348,030 (43.3%) 0.00 144
    2021-11-01 $223,230 (12.1%) $340,621 (31.3%) 0.00 151
    2021-12-01 $221,425 (20.0%) $306,588 (21.8%) 0.00 142
    2022-01-01 $215,200 (3.7%) $278,437 (-4.1%) 0.00 99
    2022-02-01 $191,925 (-15.2%) $271,450 (-12.3%) 0.00 84
    2022-03-01 $224,204 (7.4%) $280,677 (0.9%) 0.00 85
    2022-04-01 $252,301 (14.1%) $295,082 (6.5%) 0.00 94
    2022-05-01 $261,908 (17.9%) $286,050 (1.7%) 0.00 99
    2022-06-01 $249,061 (11.4%) $265,876 (-7.4%) 0.00 117
    2022-07-01 $218,490 (1.9%) $252,383 (-9.6%) 0.00 148
    2022-08-01 $214,945 (-3.1%) $266,060 (-3.1%) 0.00 149
    2022-09-01 $246,500 (7.1%) $286,682 (-12.1%) 0.00 149
    2022-10-01 $219,900 (-1.1%) $275,492 (-20.8%) 0.00 156
    2022-11-01 $226,748 (1.6%) $260,145 (-23.6%) 0.00 175
    2022-12-01 $219,490 (-0.9%) $250,819 (-18.2%) 0.00 180
    2023-01-01 $229,975 (6.9%) $264,779 (-4.9%) 0.00 162
    2023-02-01 $250,506 (30.5%) $285,757 (5.3%) 0.00 141
    2023-03-01 $249,151 (11.1%) $283,612 (1.1%) 0.00 142
    2023-04-01 $247,600 (-1.9%) $292,754 (-0.8%) 0.00 142
    2023-05-01 $258,125 (-1.4%) $317,595 (11.0%) 0.00 140
    2023-06-01 $271,681 (9.1%) $344,598 (29.6%) 0.00 150
    2023-07-01 $250,000 (14.4%) $331,511 (31.4%) 0.00 166
    2023-08-01 $250,000 (16.3%) $325,128 (22.2%) 0.00 191
    2023-09-01 $250,000 (1.4%) $313,545 (9.4%) 0.00 202
    2023-10-01 $247,247 (12.4%) $306,493 (11.3%) 0.00 206
    2023-11-01 $241,109 (6.3%) $297,990 (14.6%) 0.00 228
    2023-12-01 $236,900 (7.9%) $285,968 (14.0%) 0.00 247
    2024-01-01 $233,480 (1.5%) $288,818 (9.1%) 0.00 235
    2024-02-01 $226,731 (-9.5%) $283,815 (-0.7%) 0.00 232
    2024-03-01 $229,900 (-7.7%) $295,795 (4.3%) 0.00 208
    2024-04-01 $242,425 (-2.1%) $309,409 (5.7%) 0.00 211
    2024-05-01 $245,975 (-4.7%) $314,363 (-1.0%) 0.00 210
    2024-06-01 $245,684 (-9.6%) $304,293 (-11.7%) 0.00 218
    2024-07-01 $241,175 (-3.5%) $304,411 (-8.2%) 0.00 241
    2024-08-01 $234,950 (-6.0%) $295,616 (-9.1%) 0.00 291
    2024-09-01 $241,250 (-3.5%) $300,200 (-4.3%) 0.00 297
    2024-10-01 $237,532 (-3.9%) $290,579 (-5.2%) 0.00 289
    2024-11-01 $239,000 (-0.9%) $293,125 (-1.6%) 0.00 304
    2024-12-01 $235,875 (-0.4%) $291,111 (1.8%) 0.00 284
    2025-01-01 $237,500 (1.7%) $287,503 (-0.5%) 0.00 292
    2025-02-01 $246,475 (8.7%) $289,727 (2.1%) 0.00 280
    2025-03-01 $259,450 (12.9%) $297,950 (0.7%) 0.00 250
    2025-04-01 $253,250 (4.5%) $298,271 (-3.6%) 0.00 250
    2025-05-01 $259,900 (5.7%) $298,619 (-5.0%) 0.00 273
    2025-06-01 $274,950 (11.9%) $313,242 (2.9%) 0.00 284
    Shawnee's median listing price for 2025-06-01 was $274,950, a difference of $29,266 (11.9%) versus the prior year and $15,050 versus the prior month.

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

    Shawnee's average listing price for 2025-06-01 was $313,242, a difference of $8,949 (2.9%) versus the prior year and $14,623 versus the prior month.

    For the 2025-06-01 period, Shawnee had 284 MLS listings, a difference of 11 listings (4%) versus the prior month and 66 listings (30%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Shawnee (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,705 sqft
    2018-02-01 0 days 1,700 sqft
    2018-03-01 0 days 1,726 sqft
    2018-04-01 0 days 1,760 sqft
    2018-05-01 0 days 1,743 sqft
    2018-06-01 0 days 1,731 sqft
    2018-07-01 0 days 1,701 sqft
    2018-08-01 0 days 1,698 sqft
    2018-09-01 0 days 1,735 sqft
    2018-10-01 0 days 1,731 sqft
    2018-11-01 0 days 1,722 sqft
    2018-12-01 0 days 1,714 sqft
    2019-01-01 0 days 1,702 sqft
    2019-02-01 0 days 1,726 sqft
    2019-03-01 0 days 1,729 sqft
    2019-04-01 0 days 1,725 sqft
    2019-05-01 0 days 1,728 sqft
    2019-06-01 0 days 1,745 sqft
    2019-07-01 0 days 1,746 sqft
    2019-08-01 0 days 1,780 sqft
    2019-09-01 0 days 1,835 sqft
    2019-10-01 0 days 1,879 sqft
    2019-11-01 0 days 1,926 sqft
    2019-12-01 0 days 1,944 sqft
    2020-01-01 0 days 1,938 sqft
    2020-02-01 0 days 1,898 sqft
    2020-03-01 0 days 1,865 sqft
    2020-04-01 0 days 1,865 sqft
    2020-05-01 0 days 1,826 sqft
    2020-06-01 0 days 1,877 sqft
    2020-07-01 0 days 1,867 sqft
    2020-08-01 0 days 1,848 sqft
    2020-09-01 0 days 1,857 sqft
    2020-10-01 0 days 1,851 sqft
    2020-11-01 0 days 1,903 sqft
    2020-12-01 0 days 1,877 sqft
    2021-01-01 0 days 2,035 sqft
    2021-02-01 0 days 1,963 sqft
    2021-03-01 0 days 1,803 sqft
    2021-04-01 0 days 1,759 sqft
    2021-05-01 0 days 1,647 sqft
    2021-06-01 0 days 1,663 sqft
    2021-07-01 0 days 1,735 sqft
    2021-08-01 0 days 1,725 sqft
    2021-09-01 0 days 1,699 sqft
    2021-10-01 0 days 1,713 sqft
    2021-11-01 0 days 1,700 sqft
    2021-12-01 0 days 1,757 sqft
    2022-01-01 0 days 1,691 sqft
    2022-02-01 0 days 1,620 sqft
    2022-03-01 0 days 1,686 sqft
    2022-04-01 0 days 1,680 sqft
    2022-05-01 0 days 1,815 sqft
    2022-06-01 0 days 1,697 sqft
    2022-07-01 0 days 1,642 sqft
    2022-08-01 0 days 1,672 sqft
    2022-09-01 0 days 1,737 sqft
    2022-10-01 0 days 1,631 sqft
    2022-11-01 0 days 1,671 sqft
    2022-12-01 0 days 1,636 sqft
    2023-01-01 0 days 1,703 sqft
    2023-02-01 0 days 1,744 sqft
    2023-03-01 0 days 1,764 sqft
    2023-04-01 0 days 1,829 sqft
    2023-05-01 0 days 1,850 sqft
    2023-06-01 0 days 1,795 sqft
    2023-07-01 0 days 1,844 sqft
    2023-08-01 0 days 1,776 sqft
    2023-09-01 0 days 1,802 sqft
    2023-10-01 0 days 1,800 sqft
    2023-11-01 0 days 1,774 sqft
    2023-12-01 0 days 1,688 sqft
    2024-01-01 0 days 1,668 sqft
    2024-02-01 0 days 1,731 sqft
    2024-03-01 0 days 1,762 sqft
    2024-04-01 0 days 1,775 sqft
    2024-05-01 0 days 1,780 sqft
    2024-06-01 0 days 1,747 sqft
    2024-07-01 0 days 1,749 sqft
    2024-08-01 0 days 1,706 sqft
    2024-09-01 0 days 1,742 sqft
    2024-10-01 0 days 1,704 sqft
    2024-11-01 0 days 1,704 sqft
    2024-12-01 0 days 1,703 sqft
    2025-01-01 0 days 1,749 sqft
    2025-02-01 0 days 1,767 sqft
    2025-03-01 0 days 1,778 sqft
    2025-04-01 0 days 1,782 sqft
    2025-05-01 0 days 1,786 sqft
    2025-06-01 0 days 1,840 sqft
    Shawnee's median listing age (time on market) for 2025-06-01 was 0 days.

    Shawnee's median square footage for active listings during the 2025-06-01 period was 1,840 sqft. One year prior, the average listing was 1,747 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.