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 0.28% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2025-06-13) was 6.73% and one month ago for the week of 2025-05-16, the average rate was 7.09%.

    The average rate one year ago was 6.69%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.2%.

    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%).

    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.