Tulsa VA Loan Rates, Closing Costs & Stats

TULSA, 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.

    Tulsa's 134 lenders originated 1,709 VA loans during 2022. The total origination value was $468,525,000, with an average VA loan value of $274,152.

    Tulsa VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Tulsa averaged -0.2% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

    Tulsa's average VA mortgage closing costs are $5,749.

    The average rate for the prior week (2023-11-17) was 6.94% and one month ago for the week of 2023-10-20, the average rate was 7.27%.

    The average rate one year ago was 6.09%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.24%.

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

    Tulsa 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 Tulsa level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 233 5.04% $6,540
    QUICKEN LOANS, LLC 123 4.39% $9,682
    ASSOCIATED MORTGAGE CORPORATION 93 4.77% $9,614
    First United Bank and Trust Company 75 4.50% $9,897
    USAA Federal Savings Bank 66 4.66% $7,650
    FREEDOM MORTGAGE CORPORATION 61 4.71% $11,705
    FLAT BRANCH MORTGAGE, INC. 56 4.89% $8,262
    NAVY FEDERAL CREDIT UNION 54 4.17% $4,850
    PENNYMAC LOAN SERVICES, LLC 49 3.66% $8,206
    NEW DAY FINANCIAL, LLC 49 5.14% $9,571
    CROSSCOUNTRY MORTGAGE, LLC 42 5.16% $9,136
    MORTGAGE SOLUTIONS OF COLORADO, LLC 39 5.55% $8,433
    Arvest Bank 37 4.65% $6,554
    CORNERSTONE HOME LENDING, INC. 34 5.23% $7,630
    BOKF 31 5.06% $10,106
    EVERETT FINANCIAL, INC. 29 5.25% $5,220
    LOANDEPOT.COM, LLC 27 4.15% $9,854
    UNITED WHOLESALE MORTGAGE, LLC 25 4.73% $9,328
    Mr. Cooper ( Nationstar Mortgage ) 24 4.77% $8,628
    United Fidelity Funding Corp. 24 5.15% $9,004
    The Federal Savings Bank 23 4.70% $13,696
    Gateway First Bank 20 5.31% $8,004
    American Bank of Oklahoma 16 4.13% $10,970
    GUILD MORTGAGE COMPANY 16 4.80% $8,006
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 4.57% $7,260
    CALIBER HOME LOANS, INC. 14 4.23% $9,197
    US MORTGAGE CORPORATION 14 4.62% $9,878
    OPEN MORTGAGE, LLC 14 5.27% $6,900
    AMERISAVE MORTGAGE CORPORATION 11 4.20% $10,823
    Waterstone Mortgage Corporation 11 4.88% $10,703
    Barrington Bank & Trust Company, N.A. 10 5.05% $8,209
    GUARANTEED RATE, INC. 10 4.68% $5,900
    FBC MORTGAGE, LLC 10 4.58% $7,972
    CMG MORTGAGE, INC. 10 5.28% $9,248
    NEWREZ LLC 9 4.72% $10,426
    Stride Bank 9 4.61% $6,811
    LAKEVIEW LOAN SERVICING, LLC 9 3.88% $3,563
    VILLAGE CAPITAL MORTGAGE 8 3.52% $7,622
    TJC Mortgage, Inc. 7 4.41% $6,236
    CARDINAL FINANCIAL 7 5.00% $9,445
    Flagstar Bank, FSB 7 4.82% $13,983
    Firstar Bank 7 4.32% $5,578
    DHI MORTGAGE COMPANY, LTD. 6 4.83% $5,594
    BROKER SOLUTIONS, INC. 6 4.87% $7,832
    HOME POINT FINANCIAL CORPORATION 6 3.85% $5,530
    Wells Fargo Bank 6 3.27% $4,617
    MUTUAL OF OMAHA MORTGAGE, INC. 6 4.38% $8,056
    Citizens Bank 5 4.35% $3,250
    Carrington Mortgage Services, LLC 5 5.05% $10,081
    PLANET HOME LENDING, LLC 5 3.70% $6,853
    PENTAGON FEDERAL CREDIT UNION 5 3.78% $7,868
    Low VA Rates, LLC 5 4.63% $11,200
    NBKC BANK 5 4.03% $23,941
    First Federal Bank 4 5.12% $6,244
    Servion, Inc. 4 4.44% $7,054
    UNION HOME MORTGAGE CORP. 4 3.97% $5,947
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 4.50% $12,215
    BancFirst 4 4.41% $12,560
    SOUTHWEST STAGE FUNDING, LLC 4 4.88% $4,093
    PLAZA HOME MORTGAGE, INC. 4 5.22% $5,253
    Magnolia Bank 4 4.22% $8,928
    Chickasaw Community Bank 4 6.09% $7,452
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 5.28% $6,353
    North American Savings Bank, F.S.B. 3 3.46% $8,797
    LEADERONE FINANCIAL CORPORATION 3 4.71% $8,877
    RCB Bank 3 3.63% $8,907
    First Western Trust Bank 3 5.83% $6,986
    Regent Financial Group, Inc. 3 4.63% $7,059
    AMERICAN FINANCING CORPORATION 3 5.87% $16,048
    MOVEMENT MORTGAGE, LLC 3 5.08% $7,543
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 5.00% $8,429
    TTCU Federal Credit Union 3 5.38% $5,723
    Paramount Residential Mortgage Group, Inc. 3 4.88% $12,748
    The Central Trust Bank 3 4.62% $12,224
    BNC National Bank 2 3.38% $7,441
    Bank of America 2 3.88% $1,709
    AMCAP MORTGAGE, LTD. 2 4.25% $7,096
    GUARANTY HOME MORTGAGE CORPORATION 2 5.00% $7,556
    Northpointe Bank 2 5.69% $7,893
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 4.06% $4,918
    SFMC, LP 2 4.25% $7,117
    SpiritBank 2 4.19% $5,796
    Strong Home Mortgage, LLC 2 4.56% $11,204
    Tinker Federal Credit Union 2 4.94% $5,838
    VAN DYK MORTGAGE CORPORATION 2 5.56% $5,995
    LOANPAL, LLC 1 5.00% $5,260
    KELLER MORTGAGE, LLC 1 3.38% $3,343
    JAMES B. NUTTER & COMPANY 1 5.99% $3,607
    International Bank of Commerce 1 4.75% $13,991
    INTERCAP LENDING INC. 1 5.50% $820
    Bank of England 1 3.63% $5,525
    Hometown Lenders, Inc. 1 4.63% $7,739
    HOMESIDE FINANCIAL, LLC 1 5.25% $6,743
    GSF Mortgage Corporation 1 6.00% $11,617
    Great Plains National Bank 1 3.88% $12,555
    PHH Mortgage Corporation 1 3.88% $2,517
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.38% $15,385
    First Oklahoma Mortgage, LLC 1 2.88% $10,953
    Wyndham Capital Mortgage, Inc. 1 6.50% $3,227
    First Home Bank 1 5.75% $25,155
    Prosperity Home Mortgage, LLC 1 7.38% $4,693
    First Guaranty Mortgage Corporation 1 5.13% $22,229
    FirstBank 1 4.00% $12,279
    FINANCIAL CONCEPTS MORTGAGE, LLC 1 3.25% $3,721
    S1L, Inc. 1 3.25% $9,984
    SENTE MORTGAGE, INC. 1 3.75% $15,188
    FINANCE OF AMERICA MORTGAGE LLC 1 2.38% $2,073
    Armstrong Bank 1 4.63% $6,678
    Sierra Pacific Mortgage Company, Inc. 1 3.63% $8,294
    Fifth Third Bank 1 2.75% $5,264
    Watermark Capital, Inc. 1 3.88% $19,162
    Fidelity Bank 1 5.25% $3,626
    AmeriHome Mortgage Company, LLC 1 5.13% $8,869
    Sunflower Bank 1 4.88% $10,508
    Texana Bank 1 3.63% $6,795
    EMBRACE HOME LOANS, INC. 1 3.88% $11,851
    CONTOUR MORTGAGE CORPORATION 1 5.63% $8,762
    The Huntington National Bank 1 3.38% $20,094
    TIB The Independent Bankersbank 1 6.00% $9,843
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.63% $3,980
    Community First National Bank 1 3.75% $17,561
    Century Mortgage Company DBA Century Lending Company 1 2.75% $3,512
    Capital Bank 1 4.63% $6,259
    United Community Bank 1 2.75% $3,049
    CANOPY MORTGAGE, LLC 1 5.63% $20,411
    BAY EQUITY LLC 1 5.75% $9,218
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 4.25% $7,516
    MORTGAGEONE, INC. 1 5.50% $6,571
    Mortgage Investment Services Corporation 1 4.63% $33,422
    MORTGAGE ACCESS CORP. 1 5.00% $9,028
    Midwest Mortgage Associates Corporation 1 2.75% $12,095
    MidFirst Bank 1 4.88% $3,473
    MID AMERICA MORTGAGE, INC. 1 6.25% $5,802
    Nations Lending Corporation 1 6.75% $15,085

    The top Tulsa VA lender as defined by loan originations is Mortgage Research Center, LLC, with 233 VA loans originated. Their average total fees are $6,540, which is $3,142 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Tulsa VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($4,850), EVERETT FINANCIAL, INC. ($5,220), GUARANTEED RATE, INC. ($5,900), Mortgage Research Center, LLC ($6,540) and Arvest Bank ($6,554).

    The lowest rate Tulsa VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.66%), American Bank of Oklahoma (4.13%), LOANDEPOT.COM, LLC (4.15%), NAVY FEDERAL CREDIT UNION (4.17%) and AMERISAVE MORTGAGE CORPORATION (4.20%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Tulsa (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 $203,000 (4.1%) $271,321 (2.3%) 0.75 3,983
    2018-02-01 $207,956 (4.1%) $272,234 (0.8%) 0.76 3,898
    2018-03-01 $215,000 (6.2%) $282,598 (3.4%) 0.75 3,890
    2018-04-01 $219,900 (5.0%) $290,016 (3.3%) 0.75 3,917
    2018-05-01 $219,900 (3.0%) $290,095 (2.1%) 0.73 4,087
    2018-06-01 $217,500 (-0.3%) $287,042 (-0.1%) 0.73 4,305
    2018-07-01 $214,975 (0.0%) $287,533 (2.2%) 0.72 4,440
    2018-08-01 $213,900 (-1.8%) $287,182 (1.1%) 0.72 4,491
    2018-09-01 $213,100 (1.5%) $285,970 (2.2%) 0.72 4,481
    2018-10-01 $213,900 (1.9%) $284,302 (1.4%) 0.72 4,340
    2018-11-01 $218,750 (6.2%) $287,669 (3.4%) 0.74 4,087
    2018-12-01 $214,975 (7.5%) $284,471 (4.1%) 0.74 3,948
    2019-01-01 $215,168 (6.0%) $286,078 (5.4%) 0.74 3,686
    2019-02-01 $219,950 (5.8%) $294,085 (8.0%) 0.74 3,542
    2019-03-01 $229,163 (6.6%) $304,450 (7.7%) 0.75 3,432
    2019-04-01 $231,713 (5.4%) $311,522 (7.4%) 0.74 3,387
    2019-05-01 $239,250 (8.8%) $323,456 (11.5%) 0.75 3,393
    2019-06-01 $236,900 (8.9%) $326,267 (13.7%) 0.74 3,491
    2019-07-01 $239,900 (11.6%) $328,888 (14.4%) 0.75 3,506
    2019-08-01 $240,818 (12.6%) $326,353 (13.6%) 0.76 3,419
    2019-09-01 $243,170 (14.1%) $329,424 (15.2%) 0.78 3,287
    2019-10-01 $245,000 (14.5%) $331,379 (16.6%) 0.79 3,233
    2019-11-01 $245,000 (12.0%) $325,804 (13.3%) 0.80 3,140
    2019-12-01 $249,700 (16.2%) $493,261 (73.4%) 0.83 2,952
    2020-01-01 $239,700 (11.4%) $317,556 (11.0%) 0.80 2,844
    2020-02-01 $244,635 (11.2%) $325,267 (10.6%) 0.80 2,705
    2020-03-01 $255,325 (11.4%) $333,525 (9.6%) 0.80 2,702
    2020-04-01 $259,900 (12.2%) $336,137 (7.9%) 0.81 2,669
    2020-05-01 $265,500 (11.0%) $350,559 (8.4%) 0.81 2,526
    2020-06-01 $281,375 (18.8%) $360,709 (10.6%) 0.83 2,293
    2020-07-01 $293,625 (22.4%) $381,751 (16.1%) 0.85 2,169
    2020-08-01 $279,900 (16.2%) $370,442 (13.5%) 0.80 2,014
    2020-09-01 $281,225 (15.7%) $371,644 (12.8%) 0.81 1,906
    2020-10-01 $271,687 (10.9%) $366,167 (10.5%) 0.78 1,900
    2020-11-01 $267,450 (9.2%) $368,959 (13.3%) 0.78 1,883
    2020-12-01 $265,000 (6.1%) $365,980 (-25.8%) 0.79 1,643
    2021-01-01 $269,000 (12.2%) $400,746 (26.2%) 0.80 1,364
    2021-02-01 $252,575 (3.3%) $373,982 (15.0%) 0.74 1,165
    2021-03-01 $289,000 (13.2%) $402,055 (20.6%) 0.82 1,023
    2021-04-01 $272,475 (4.8%) $1,130,579 (236.3%) 0.74 1,088
    2021-05-01 $275,000 (3.6%) $404,511 (15.4%) 0.73 1,088
    2021-06-01 $252,500 (-10.3%) $383,567 (6.3%) 0.66 1,216
    2021-07-01 $255,000 (-13.2%) $377,474 (-1.1%) 0.67 1,389
    2021-08-01 $265,000 (-5.3%) $365,857 (-1.2%) 0.71 1,534
    2021-09-01 $265,000 (-5.8%) $367,727 (-1.1%) 0.71 1,496
    2021-10-01 $265,000 (-2.5%) $374,248 (2.2%) 0.71 1,458
    2021-11-01 $254,087 (-5.0%) $370,320 (0.4%) 0.68 1,314
    2021-12-01 $251,450 (-5.1%) $366,281 (0.1%) 0.68 1,119
    2022-01-01 $260,000 (-3.4%) $385,176 (-3.9%) 0.70 926
    2022-02-01 $273,310 (8.2%) $401,266 (7.3%) 0.71 830
    2022-03-01 $272,185 (-5.8%) $404,593 (0.6%) 0.68 769
    2022-04-01 $295,000 (8.3%) $408,297 (-63.9%) 0.70 843
    2022-05-01 $297,500 (8.2%) $408,192 (0.9%) 0.68 1,067
    2022-06-01 $299,950 (18.8%) $411,896 (7.4%) 0.67 1,232
    2022-07-01 $313,964 (23.1%) $397,709 (5.4%) 0.71 1,675
    2022-08-01 $313,269 (18.2%) $395,518 (8.1%) 0.72 1,848
    2022-09-01 $315,589 (19.1%) $390,205 (6.1%) 0.74 1,939
    2022-10-01 $319,250 (20.5%) $390,755 (4.4%) 0.75 2,048
    2022-11-01 $316,995 (24.8%) $389,280 (5.1%) 0.76 2,097
    2022-12-01 $329,995 (31.2%) $399,641 (9.1%) 0.81 1,993
    2023-01-01 $344,700 (32.6%) $409,588 (6.3%) 0.85 1,923
    2023-02-01 $354,262 (29.6%) $417,527 (4.1%) 0.86 1,783
    2023-03-01 $361,920 (33.0%) $428,319 (5.9%) 0.85 1,762
    2023-04-01 $369,900 (25.4%) $430,784 (5.5%) 0.86 1,822
    2023-05-01 $369,450 (24.2%) $442,045 (8.3%) 0.84 1,857
    2023-06-01 $364,450 (21.5%) $440,040 (6.8%) 0.82 1,974
    2023-07-01 $364,000 (15.9%) $436,995 (9.9%) 0.83 2,041
    2023-08-01 $350,000 (11.7%) $436,462 (10.4%) 0.80 2,110
    2023-09-01 $349,000 (10.6%) $430,536 (10.3%) 0.81 2,146
    2023-10-01 $340,000 (6.5%) $425,041 (8.8%) 0.80 2,266
    Tulsa's median listing price for 2023-10-01 was $340,000, a difference of $20,750 (6.5%) versus the prior year and $-9,000 versus the prior month.

    Tulsa's median listing price comes in at 80% of the national average.

    Tulsa's average listing price for 2023-10-01 was $425,041, a difference of $34,286 (8.8%) versus the prior year and $-5,495 versus the prior month.

    For the 2023-10-01 period, Tulsa had 2,266 MLS listings, a difference of 120 listings (6%) versus the prior month and 218 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Tulsa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 71 days 2,100 sqft
    2018-02-01 66 days 2,105 sqft
    2018-03-01 53 days 2,183 sqft
    2018-04-01 51 days 2,214 sqft
    2018-05-01 49 days 2,201 sqft
    2018-06-01 51 days 2,188 sqft
    2018-07-01 58 days 2,180 sqft
    2018-08-01 58 days 2,162 sqft
    2018-09-01 60 days 2,143 sqft
    2018-10-01 65 days 2,129 sqft
    2018-11-01 65 days 2,148 sqft
    2018-12-01 67 days 2,126 sqft
    2019-01-01 71 days 2,124 sqft
    2019-02-01 60 days 2,165 sqft
    2019-03-01 51 days 2,223 sqft
    2019-04-01 51 days 2,251 sqft
    2019-05-01 50 days 2,293 sqft
    2019-06-01 53 days 2,258 sqft
    2019-07-01 58 days 2,275 sqft
    2019-08-01 58 days 2,287 sqft
    2019-09-01 60 days 2,304 sqft
    2019-10-01 60 days 2,321 sqft
    2019-11-01 60 days 2,289 sqft
    2019-12-01 65 days 2,281 sqft
    2020-01-01 71 days 2,227 sqft
    2020-02-01 65 days 2,213 sqft
    2020-03-01 51 days 2,261 sqft
    2020-04-01 54 days 2,265 sqft
    2020-05-01 54 days 2,294 sqft
    2020-06-01 53 days 2,339 sqft
    2020-07-01 52 days 2,433 sqft
    2020-08-01 50 days 2,358 sqft
    2020-09-01 50 days 2,346 sqft
    2020-10-01 49 days 2,290 sqft
    2020-11-01 51 days 2,228 sqft
    2020-12-01 59 days 2,230 sqft
    2021-01-01 64 days 2,203 sqft
    2021-02-01 62 days 2,085 sqft
    2021-03-01 49 days 2,261 sqft
    2021-04-01 42 days 2,135 sqft
    2021-05-01 38 days 2,132 sqft
    2021-06-01 37 days 2,011 sqft
    2021-07-01 36 days 2,012 sqft
    2021-08-01 37 days 2,016 sqft
    2021-09-01 40 days 1,985 sqft
    2021-10-01 45 days 1,992 sqft
    2021-11-01 46 days 1,926 sqft
    2021-12-01 51 days 1,937 sqft
    2022-01-01 53 days 1,951 sqft
    2022-02-01 43 days 2,006 sqft
    2022-03-01 39 days 1,932 sqft
    2022-04-01 31 days 2,025 sqft
    2022-05-01 33 days 2,029 sqft
    2022-06-01 36 days 2,044 sqft
    2022-07-01 31 days 2,020 sqft
    2022-08-01 39 days 2,042 sqft
    2022-09-01 45 days 2,054 sqft
    2022-10-01 47 days 2,087 sqft
    2022-11-01 52 days 2,081 sqft
    2022-12-01 59 days 2,121 sqft
    2023-01-01 65 days 2,169 sqft
    2023-02-01 58 days 2,181 sqft
    2023-03-01 52 days 2,229 sqft
    2023-04-01 46 days 2,243 sqft
    2023-05-01 48 days 2,240 sqft
    2023-06-01 48 days 2,242 sqft
    2023-07-01 48 days 2,237 sqft
    2023-08-01 48 days 2,201 sqft
    2023-09-01 47 days 2,165 sqft
    2023-10-01 50 days 2,135 sqft
    Tulsa's median listing age (time on market) for 2023-10-01 was 50 days. This is 5% longer than the same period one year ago.

    Tulsa's median square footage for active listings during the 2023-10-01 period was 2,135 sqft. One year prior, the average listing was 2,087 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.