Stillwater VA Loan Rates, Closing Costs & Stats

Stillwater, OK

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.

Stillwater's 42 lenders originated 149 VA loans during 2021. The total origination value was $33,795,000, with an average VA loan value of $226,812.

Stillwater VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Stillwater averaged 6.79% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

Stillwater's average VA mortgage closing costs are $5,027.

The average rate for the prior week (2022-11-25) was 6.83% and one month ago for the week of 2022-10-28, the average rate was 7.11%.

The average rate one year ago was 3.39%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.29%.

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

Stillwater 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 Stillwater level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Mortgage Research Center, LLC 28 2.90% $5,365
QUICKEN LOANS, LLC 8 2.50% $3,803
CALIBER HOME LOANS, INC. 7 2.44% $3,232
USAA Federal Savings Bank 7 2.86% $5,714
BancFirst 6 2.58% $3,959
NAVY FEDERAL CREDIT UNION 6 2.48% $2,365
PENNYMAC LOAN SERVICES, LLC 5 2.38% $5,169
FREEDOM MORTGAGE CORPORATION 5 2.55% $2,032
Simmons Bank 3 2.83% $4,401
UNITED WHOLESALE MORTGAGE, LLC 3 2.67% $5,863
Low VA Rates, LLC 3 2.42% $3,308
NEW DAY FINANCIAL, LLC 3 2.25% $6,023
Gateway First Bank 3 2.92% $3,175
CROSSCOUNTRY MORTGAGE, LLC 3 3.50% $3,476
First United Bank and Trust Company 3 2.58% $10,511
CWM PARTNERS, L.P. 2 2.69% $4,883
RCB Bank 2 2.94% $3,552
Stride Bank 2 3.56% $13,560
The Federal Savings Bank 2 2.44% $16,994
NEWREZ LLC 2 2.50% $3,902
TruHome Solutions, LLC 2 2.81% $3,807
LEADERONE FINANCIAL CORPORATION 2 3.25% $7,897
United Fidelity Funding Corp. 2 3.00% $4,902
Wells Fargo Bank 1 2.50% $4,477
Arvest Bank 1 2.50% $2,872
Barrington Bank & Trust Company, N.A. 1 2.75% $9,205
Chickasaw Community Bank 1 2.88% $7,128
CORNERSTONE HOME LENDING, INC. 1 2.75% $6,557
Florida Capital Bank 1 2.63% $3,942
InterContinental Capital Group, Inc 1 2.88% $3,247
JAMES B. NUTTER & COMPANY 1 2.50% $4,128
KS StateBank 1 2.25% $14,498
LAKEVIEW LOAN SERVICING, LLC 1 2.75% $3,588
MORTGAGEONE, INC. 1 3.25% $3,689
PLANET HOME LENDING, LLC 1 2.38% $3,746
PNC Bank 1 3.13% $4,807
SOVEREIGN LENDING GROUP INCORPORATED 1 3.13% $3,436
The First State Bank 1 2.38% $7,586
Tinker Federal Credit Union 1 3.00% $5,042
TTCU Federal Credit Union 1 3.25% $3,277
UNION HOME MORTGAGE CORP. 1 3.25% $3,964
ACCELERATE MORTGAGE, LLC 1 1.75% $9,602

The top Stillwater VA lender as defined by loan originations is Mortgage Research Center, LLC, with 28 VA loans originated. Their average total fees are $5,365, which is $1,563 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Stillwater VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,365), .

The lowest rate Stillwater VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (2.90%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Stillwater (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 $177,525 (11.0%) $238,269 (25.0%) 0.00 269
2018-02-01 $183,450 (11.2%) $234,967 (21.8%) 0.00 291
2018-03-01 $179,999 (7.8%) $235,392 (18.0%) 0.00 320
2018-04-01 $192,250 (16.5%) $249,860 (18.8%) 0.00 293
2018-05-01 $194,000 (15.8%) $252,667 (20.0%) 0.00 295
2018-06-01 $189,700 (12.5%) $245,827 (15.5%) 0.00 313
2018-07-01 $194,950 (14.8%) $247,915 (17.2%) 0.00 350
2018-08-01 $189,675 (13.2%) $246,475 (13.2%) 0.00 346
2018-09-01 $189,900 (13.4%) $240,328 (6.8%) 0.00 329
2018-10-01 $181,875 (7.3%) $235,453 (-0.2%) 0.00 323
2018-11-01 $179,998 (3.2%) $236,481 (-0.3%) 0.00 330
2018-12-01 $179,900 (3.4%) $231,636 (-2.1%) 0.00 310
2019-01-01 $187,850 (5.8%) $234,772 (-1.5%) 0.00 294
2019-02-01 $189,900 (3.5%) $240,648 (2.4%) 0.00 304
2019-03-01 $194,186 (7.9%) $246,963 (4.9%) 0.00 321
2019-04-01 $196,586 (2.3%) $256,595 (2.7%) 0.00 332
2019-05-01 $191,000 (-1.6%) $261,167 (3.4%) 0.00 334
2019-06-01 $189,900 (0.1%) $255,223 (3.8%) 0.00 335
2019-07-01 $179,925 (-7.7%) $246,149 (-0.7%) 0.00 316
2019-08-01 $182,273 (-3.9%) $250,694 (1.7%) 0.00 319
2019-09-01 $180,432 (-5.0%) $247,306 (2.9%) 0.00 330
2019-10-01 $179,205 (-1.5%) $245,018 (4.1%) 0.00 339
2019-11-01 $175,000 (-2.8%) $245,882 (4.0%) 0.00 322
2019-12-01 $173,975 (-3.3%) $247,073 (6.7%) 0.00 289
2020-01-01 $172,375 (-8.2%) $243,401 (3.7%) 0.00 267
2020-02-01 $174,950 (-7.9%) $251,038 (4.3%) 0.00 275
2020-03-01 $195,450 (0.7%) $255,275 (3.4%) 0.00 295
2020-04-01 $199,850 (1.7%) $261,993 (2.1%) 0.00 278
2020-05-01 $210,000 (10.0%) $271,992 (4.2%) 0.00 268
2020-06-01 $202,450 (6.6%) $269,585 (5.6%) 0.00 265
2020-07-01 $205,500 (14.2%) $273,649 (11.2%) 0.00 232
2020-08-01 $209,900 (15.2%) $278,129 (10.9%) 0.00 214
2020-09-01 $203,100 (12.6%) $271,076 (9.6%) 0.00 209
2020-10-01 $189,900 (6.0%) $261,089 (6.6%) 0.00 197
2020-11-01 $187,875 (7.4%) $257,818 (4.9%) 0.00 170
2020-12-01 $190,225 (9.3%) $271,705 (10.0%) 0.00 160
2021-01-01 $199,900 (16.0%) $270,225 (11.0%) 0.00 134
2021-02-01 $215,000 (22.9%) $262,521 (4.6%) 0.00 130
2021-03-01 $196,750 (0.7%) $260,546 (2.1%) 0.00 106
2021-04-01 $193,166 (-3.3%) $274,923 (4.9%) 0.00 97
2021-05-01 $195,245 (-7.0%) $255,546 (-6.1%) 0.00 105
2021-06-01 $202,500 (0.0%) $289,152 (7.3%) 0.00 103
2021-07-01 $215,000 (4.6%) $282,955 (3.4%) 0.00 141
2021-08-01 $167,500 (-20.2%) $245,448 (-11.8%) 0.00 183
2021-09-01 $191,018 (-6.0%) $259,787 (-4.2%) 0.00 171
2021-10-01 $185,000 (-2.6%) $285,334 (9.3%) 0.00 171
2021-11-01 $177,225 (-5.7%) $279,846 (8.5%) 0.00 162
2021-12-01 $174,950 (-8.0%) $276,857 (1.9%) 0.00 145
2022-01-01 $173,700 (-13.1%) $279,637 (3.5%) 0.00 116
2022-02-01 $178,450 (-17.0%) $336,121 (28.0%) 0.00 81
2022-03-01 $246,850 (25.5%) $391,892 (50.4%) 0.00 83
2022-04-01 $251,633 (30.3%) $389,833 (41.8%) 0.00 91
2022-05-01 $236,200 (21.0%) $343,482 (34.4%) 0.00 100
2022-06-01 $233,750 (15.4%) $340,723 (17.8%) 0.00 108
2022-07-01 $260,500 (21.2%) $377,302 (33.3%) 0.00 142
2022-08-01 $285,669 (70.6%) $402,957 (64.2%) 0.00 139
2022-09-01 $252,343 (32.1%) $383,902 (47.8%) 0.00 143
2022-10-01 $245,000 (32.4%) $343,112 (20.3%) 0.00 158
2022-11-01 $255,069 (43.9%) $349,383 (24.9%) 0.00 155
Stillwater's median listing price for 2022-11-01 was $255,069, a difference of $77,844 (43.9%) versus the prior year and $10,069 versus the prior month.

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

Stillwater's average listing price for 2022-11-01 was $349,383, a difference of $69,537 (24.9%) versus the prior year and $6,271 versus the prior month.

For the 2022-11-01 period, Stillwater had 155 MLS listings, a difference of -3 listings (-2%) versus the prior month and -7 listings (-4%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Stillwater (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,751 sqft
2018-02-01 0 days 1,770 sqft
2018-03-01 0 days 1,818 sqft
2018-04-01 0 days 1,842 sqft
2018-05-01 0 days 1,900 sqft
2018-06-01 0 days 1,847 sqft
2018-07-01 0 days 1,878 sqft
2018-08-01 0 days 1,842 sqft
2018-09-01 0 days 1,813 sqft
2018-10-01 0 days 1,776 sqft
2018-11-01 0 days 1,823 sqft
2018-12-01 0 days 1,746 sqft
2019-01-01 0 days 1,749 sqft
2019-02-01 0 days 1,807 sqft
2019-03-01 0 days 1,841 sqft
2019-04-01 0 days 1,875 sqft
2019-05-01 0 days 1,893 sqft
2019-06-01 0 days 1,864 sqft
2019-07-01 0 days 1,797 sqft
2019-08-01 0 days 1,797 sqft
2019-09-01 0 days 1,787 sqft
2019-10-01 0 days 1,780 sqft
2019-11-01 0 days 1,780 sqft
2019-12-01 0 days 1,811 sqft
2020-01-01 0 days 1,791 sqft
2020-02-01 0 days 1,772 sqft
2020-03-01 0 days 1,829 sqft
2020-04-01 0 days 1,879 sqft
2020-05-01 0 days 1,917 sqft
2020-06-01 0 days 1,864 sqft
2020-07-01 0 days 1,869 sqft
2020-08-01 0 days 1,881 sqft
2020-09-01 0 days 1,802 sqft
2020-10-01 0 days 1,760 sqft
2020-11-01 0 days 1,722 sqft
2020-12-01 0 days 1,760 sqft
2021-01-01 0 days 1,806 sqft
2021-02-01 0 days 1,847 sqft
2021-03-01 0 days 1,767 sqft
2021-04-01 0 days 1,727 sqft
2021-05-01 0 days 1,548 sqft
2021-06-01 0 days 1,545 sqft
2021-07-01 0 days 1,713 sqft
2021-08-01 0 days 1,395 sqft
2021-09-01 0 days 1,528 sqft
2021-10-01 0 days 1,477 sqft
2021-11-01 0 days 1,434 sqft
2021-12-01 0 days 1,511 sqft
2022-01-01 0 days 1,458 sqft
2022-02-01 0 days 1,494 sqft
2022-03-01 0 days 1,778 sqft
2022-04-01 0 days 1,839 sqft
2022-05-01 0 days 1,655 sqft
2022-06-01 0 days 1,743 sqft
2022-07-01 0 days 1,966 sqft
2022-08-01 0 days 2,038 sqft
2022-09-01 0 days 1,917 sqft
2022-10-01 0 days 1,900 sqft
2022-11-01 0 days 1,916 sqft
Stillwater's median listing age (time on market) for 2022-11-01 was 0 days.

Stillwater's median square footage for active listings during the 2022-11-01 period was 1,916 sqft. One year prior, the average listing was 1,434 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.