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 43 lenders originated 151 VA loans during 2023. The total origination value was $37,885,000, with an average VA loan value of $250,894.

    Shawnee VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Shawnee averaged 6.45% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Shawnee's average VA mortgage closing costs are $5,488.

    The average rate for the prior week (2024-12-06) was 6.48% and one month ago for the week of 2024-11-08, the average rate was 6.68%.

    The average rate one year ago was 7.03%.

    For refis of the same type during the week of 2024-12-13, the average rate was 5.98%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 37 6.74% $4,982
    First United Bank and Trust Company 15 6.88% $8,034
    USAA Federal Savings Bank 8 6.20% $5,810
    MORTGAGE SOLUTIONS OF COLORADO, LLC 6 7.54% $491
    QUICKEN LOANS, LLC 5 6.37% $7,039
    NAVY FEDERAL CREDIT UNION 5 6.18% $8,679
    Mr. Cooper ( Nationstar Mortgage ) 4 5.31% $15,834
    UNITED WHOLESALE MORTGAGE, LLC 4 7.31% $5,021
    CORNERSTONE HOME LENDING, INC. 4 6.38% $3,284
    Stride Bank 3 7.17% $4,252
    ASSOCIATED MORTGAGE CORPORATION 3 7.00% $7,579
    Barrington Bank & Trust Company, N.A. 3 7.08% $5,455
    Arvest Bank 3 6.96% $5,206
    The Federal Savings Bank 3 6.21% $16,566
    FINANCIAL CONCEPTS MORTGAGE, LLC 2 6.94% $4,103
    LOANDEPOT.COM, LLC 2 6.69% $8,602
    PENNYMAC LOAN SERVICES, LLC 2 4.75% $5,622
    Equity Prime Mortgage LLC 2 7.38% $3,422
    FREEDOM MORTGAGE CORPORATION 2 6.25% $12,064
    NEWREZ LLC 2 6.75% $8,421
    BROKER SOLUTIONS, INC. 2 7.00% $11,777
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $6,813
    Wells Fargo Bank 1 5.25% $0
    Armed Forces Bank 1 5.75% $3,944
    BAY EQUITY LLC 1 6.75% $8,994
    CARDINAL FINANCIAL 1 5.75% $9,557
    Century Mortgage Company DBA Century Lending Company 1 5.25% $4,333
    CMG MORTGAGE, INC. 1 6.75% $12,544
    FIRST AMERICAN MORTGAGE, INC. 1 6.75% $4,091
    F & M Bank 1 7.13% $4,132
    Gateway First Bank 1 6.75% $10,686
    GUARANTEED RATE, INC. 1 6.63% $7,010
    MORTGAGEONE, INC. 1 7.75% $2,087
    NEW DAY FINANCIAL, LLC 1 7.99% $6,509
    PLAZA HOME MORTGAGE, INC. 1 6.25% $15,106
    POLARIS HOME FUNDING CORP. 1 7.13% $10,614
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $9,207
    RESIDENTIAL BANCORP 1 7.13% $8,058
    SeaTrust Mortgage Company 1 7.13% $18,765
    SUN WEST MORTGAGE COMPANY, INC. 1 6.60% $11,994
    SWBC MORTGAGE CORPORATION 1 5.75% $10,273
    The Central Trust Bank 1 7.13% $4,400
    UNION HOME MORTGAGE CORP. 1 6.63% $4,536

    The top Shawnee VA lender as defined by loan originations is Mortgage Research Center, LLC, with 37 VA loans originated. Their average total fees are $4,982, which is $3,052 lower than the next largest lender, First United Bank and Trust Company.

    The lowest fee Shawnee VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,982), First United Bank and Trust Company ($8,034), .

    The lowest rate Shawnee VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.74%), First United Bank and Trust Company (6.88%), .

    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 (10.8%) $173,593 (-2.0%) 0.00 244
    2018-04-01 $156,200 (12.0%) $175,886 (5.7%) 0.00 263
    2018-05-01 $156,450 (15.7%) $177,449 (10.1%) 0.00 273
    2018-06-01 $155,000 (13.4%) $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 $140,000 (-6.3%) $179,151 (8.6%) 0.00 286
    2019-01-01 $140,050 (-2.9%) $178,974 (10.0%) 0.00 265
    2019-02-01 $148,250 (0.5%) $186,696 (11.8%) 0.00 241
    2019-03-01 $149,429 (-3.9%) $188,262 (8.5%) 0.00 223
    2019-04-01 $150,000 (-4.0%) $189,716 (7.9%) 0.00 198
    2019-05-01 $167,050 (6.8%) $186,655 (5.2%) 0.00 185
    2019-06-01 $169,900 (9.6%) $190,335 (4.8%) 0.00 173
    2019-07-01 $170,425 (12.0%) $195,605 (9.6%) 0.00 185
    2019-08-01 $174,655 (24.8%) $204,499 (19.8%) 0.00 182
    2019-09-01 $174,961 (16.9%) $210,929 (15.5%) 0.00 172
    2019-10-01 $175,166 (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 (27.8%) $206,235 (15.2%) 0.00 165
    2020-02-01 $170,000 (14.7%) $200,647 (7.5%) 0.00 167
    2020-03-01 $180,000 (20.5%) $215,351 (14.4%) 0.00 166
    2020-04-01 $183,125 (22.1%) $211,606 (11.5%) 0.00 156
    2020-05-01 $182,450 (9.2%) $216,266 (15.9%) 0.00 132
    2020-06-01 $196,750 (15.8%) $232,544 (22.2%) 0.00 120
    2020-07-01 $201,975 (18.5%) $246,989 (26.3%) 0.00 127
    2020-08-01 $192,101 (10.0%) $221,933 (8.5%) 0.00 123
    2020-09-01 $190,179 (8.7%) $219,808 (4.2%) 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 $221,900 (20.3%) $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 $249,354 (11.5%) $267,081 (-6.9%) 0.00 118
    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%) $287,057 (-12.0%) 0.00 149
    2022-10-01 $222,450 (0.0%) $276,283 (-20.6%) 0.00 156
    2022-11-01 $226,748 (1.6%) $260,145 (-23.6%) 0.00 175
    2022-12-01 $219,490 (-1.1%) $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 $249,226 (11.2%) $287,256 (2.3%) 0.00 143
    2023-04-01 $247,600 (-1.9%) $294,153 (-0.3%) 0.00 142
    2023-05-01 $258,231 (-1.4%) $319,263 (11.6%) 0.00 141
    2023-06-01 $272,931 (9.5%) $345,882 (29.5%) 0.00 152
    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 (9.2%) 0.00 202
    2023-10-01 $247,247 (11.2%) $306,493 (10.9%) 0.00 206
    2023-11-01 $241,109 (6.3%) $297,990 (14.6%) 0.00 228
    2023-12-01 $238,121 (8.5%) $285,968 (14.0%) 0.00 247
    2024-01-01 $234,025 (1.8%) $289,617 (9.4%) 0.00 236
    2024-02-01 $227,243 (-9.3%) $284,667 (-0.4%) 0.00 233
    2024-03-01 $229,900 (-7.8%) $296,669 (3.3%) 0.00 209
    2024-04-01 $242,450 (-2.1%) $309,797 (5.3%) 0.00 211
    2024-05-01 $246,975 (-4.4%) $314,172 (-1.6%) 0.00 209
    2024-06-01 $240,000 (-12.1%) $303,871 (-12.2%) 0.00 218
    2024-07-01 $241,175 (-3.5%) $304,586 (-8.1%) 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
    Shawnee's median listing price for 2024-11-01 was $239,000, a difference of $-2,109 (-0.9%) versus the prior year and $1,468 versus the prior month.

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

    Shawnee's average listing price for 2024-11-01 was $293,125, a difference of $-4,865 (-1.6%) versus the prior year and $2,546 versus the prior month.

    For the 2024-11-01 period, Shawnee had 304 MLS listings, a difference of 15 listings (5%) versus the prior month and 76 listings (33%) 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 1,724 sqft
    2019-03-01 0 days 1,723 sqft
    2019-04-01 0 days 1,717 sqft
    2019-05-01 0 days 1,719 sqft
    2019-06-01 0 days 1,734 sqft
    2019-07-01 0 days 1,745 sqft
    2019-08-01 0 days 1,773 sqft
    2019-09-01 0 days 1,832 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 1,701 sqft
    2022-07-01 0 days 1,650 sqft
    2022-08-01 0 days 1,672 sqft
    2022-09-01 0 days 1,737 sqft
    2022-10-01 0 days 1,642 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 1,854 sqft
    2023-06-01 0 days 1,811 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 1,696 sqft
    2024-01-01 0 days 1,674 sqft
    2024-02-01 0 days 1,733 sqft
    2024-03-01 0 days 1,763 sqft
    2024-04-01 0 days 1,777 sqft
    2024-05-01 0 days 1,782 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
    Shawnee's median listing age (time on market) for 2024-11-01 was 0 days.

    Shawnee's median square footage for active listings during the 2024-11-01 period was 1,704 sqft. One year prior, the average listing was 1,774 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.