Tulsa VA Loan Rates, Closing Costs & Stats

TULSA, 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.

Tulsa's 104 lenders originated 1,195 VA loans during 2023. The total origination value was $350,515,000, with an average VA loan value of $293,318.

Tulsa VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Tulsa averaged 6.69% for the week of 2024-05-24, compared to the national average (all VA variants) of 6.567% for the same period.

Tulsa's average VA mortgage closing costs are $6,047.

The average rate for the prior week (2024-05-17) was 6.52% and one month ago for the week of 2024-04-19, the average rate was 7.19%.

The average rate one year ago was 6.56%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.73%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 225 6.78% $6,189
ASSOCIATED MORTGAGE CORPORATION 98 6.59% $8,733
QUICKEN LOANS, LLC 61 6.07% $12,891
FLAT BRANCH MORTGAGE, INC. 53 6.70% $7,902
NAVY FEDERAL CREDIT UNION 49 5.76% $5,990
First United Bank and Trust Company 43 6.15% $11,730
USAA Federal Savings Bank 37 6.11% $9,119
UNITED WHOLESALE MORTGAGE, LLC 30 6.46% $8,075
MORTGAGE SOLUTIONS OF COLORADO, LLC 29 7.48% $4,518
NEW DAY FINANCIAL, LLC 28 7.55% $10,678
CORNERSTONE HOME LENDING, INC. 28 6.49% $4,825
Arvest Bank 24 6.47% $8,113
BOKF 22 6.33% $9,767
FREEDOM MORTGAGE CORPORATION 21 6.66% $15,394
PENNYMAC LOAN SERVICES, LLC 21 5.78% $8,748
LOANDEPOT.COM, LLC 19 6.51% $11,221
CROSSCOUNTRY MORTGAGE, LLC 17 6.19% $8,970
The Central Trust Bank 15 6.68% $8,215
OPEN MORTGAGE, LLC 15 6.13% $8,286
Stride Bank 14 6.23% $10,397
Gateway First Bank 13 6.54% $7,470
Mr. Cooper ( Nationstar Mortgage ) 12 6.19% $17,315
The Federal Savings Bank 12 6.20% $16,646
DHI MORTGAGE COMPANY, LTD. 11 5.85% $7,424
VILLAGE CAPITAL MORTGAGE 11 6.22% $7,532
US MORTGAGE CORPORATION 11 6.86% $9,683
NBKC BANK 10 5.71% $4,146
Barrington Bank & Trust Company, N.A. 9 6.35% $6,900
THE MORTGAGE LINK, INC. 8 6.92% $10,108
United Fidelity Funding Corp. 8 6.66% $10,903
EVERETT FINANCIAL, INC. 7 6.75% $10,472
GUARANTEED RATE, INC. 7 6.18% $3,839
NEWREZ LLC 7 6.50% $16,413
UNION HOME MORTGAGE CORP. 6 6.60% $5,361
CARDINAL FINANCIAL 6 6.48% $8,137
SUCCESS MORTGAGE PARTNERS, INC. 6 6.98% $13,898
PLANET HOME LENDING, LLC 6 6.38% $8,306
AMERISAVE MORTGAGE CORPORATION 5 5.98% $21,006
BancFirst 5 6.70% $16,777
Paramount Residential Mortgage Group, Inc. 5 6.53% $11,755
American Bank of Oklahoma 5 6.58% $11,799
Waterstone Mortgage Corporation 5 7.00% $7,558
CALCON MUTUAL MORTGAGE LLC 5 6.48% $11,845
AMCAP MORTGAGE, LTD. 4 6.81% $8,408
BROKER SOLUTIONS, INC. 4 6.06% $12,755
LOANPAL, LLC 4 6.59% $10,698
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.13% $12,755
FBC MORTGAGE, LLC 4 5.94% $11,381
Bank of England 4 6.44% $14,153
GUILD MORTGAGE COMPANY 4 6.25% $8,935
Wells Fargo Bank 3 5.25% $10,939
AMERICAN FINANCIAL NETWORK, INC. 3 6.88% $14,119
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.42% $10,051
Armed Forces Bank 3 7.25% $8,030
Citizens Bank 3 6.67% $8,039
LAKEVIEW LOAN SERVICING, LLC 3 6.42% $10,215
Magnolia Bank 3 6.21% $19,328
PENTAGON FEDERAL CREDIT UNION 3 5.71% $5,422
Firstar Bank 2 6.38% $4,755
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.25% $12,186
CMG MORTGAGE, INC. 2 6.25% $4,951
Chickasaw Community Bank 2 7.63% $9,798
Regent Financial Group, Inc. 2 7.06% $8,107
Servion, Inc. 2 7.19% $5,876
SUN WEST MORTGAGE COMPANY, INC. 2 5.69% $12,459
TJC Mortgage, Inc. 2 6.06% $6,389
TTCU Federal Credit Union 2 7.38% $3,981
MORTGAGEONE, INC. 2 7.13% $4,902
Plains Commerce Bank 1 6.25% $7,564
FINANCIAL CONCEPTS MORTGAGE, LLC 1 6.00% $15,188
POLARIS HOME FUNDING CORP. 1 7.13% $7,748
PREMIA MORTGAGE, LLC 1 5.25% $736
Prosperity Bank 1 6.13% $6,867
Farmers Bank & Trust 1 6.13% $3,016
RCB Bank 1 6.38% $3,179
ROYAL UNITED MORTGAGE LLC 1 7.25% $16,924
RUOFF MORTGAGE COMPANY, INC. 1 6.25% $6,777
SENTE MORTGAGE, INC. 1 6.63% $24,974
Sierra Pacific Mortgage Company, Inc. 1 6.75% $9,737
SOUTHWEST STAGE FUNDING, LLC 1 6.75% $18,846
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 7.13% $5,474
Equity Prime Mortgage LLC 1 7.13% $4,630
Encompass Lending Group, LP 1 7.63% $13,100
CWM PARTNERS, L.P. 1 5.63% $6,843
The Huntington National Bank 1 6.63% $2,638
Credence Funding Corporation 1 5.88% $3,648
TIB The Independent Bankersbank 1 7.75% $20,031
Cornerstone First Mortgage, Inc 1 7.62% $8,077
CONTOUR MORTGAGE CORPORATION 1 7.50% $13,925
U.S. Bank 1 7.25% $17,217
CALIBER HOME LOANS, INC. 1 5.50% $10,709
VAN DYK MORTGAGE CORPORATION 1 6.38% $7,606
AXIA FINANCIAL, LLC 1 6.50% $6,736
Assurance Financial Group, L.L.C. 1 7.75% $8,568
MOVEMENT MORTGAGE, LLC 1 6.25% $2,919
MORTGAGE CLEARING CORPORATION 1 6.88% $3,445
MID AMERICA MORTGAGE, INC. 1 7.13% $22,707
LEGEND LENDING CORPORATION 1 7.13% $5,572
INTERCAP LENDING INC. 1 5.63% $6,141
North American Savings Bank, F.S.B. 1 5.63% $944
GMFS LLC 1 7.25% $4,277
Flagstar Bank, FSB 1 6.48% $8,805
AmeriHome Mortgage Company, LLC 1 7.00% $6,400
PHH Mortgage Corporation 1 5.63% $4,901

The top Tulsa VA lender as defined by loan originations is Mortgage Research Center, LLC, with 225 VA loans originated. Their average total fees are $6,189, which is $2,544 lower than the next largest lender, ASSOCIATED MORTGAGE CORPORATION.

The lowest fee Tulsa VA lenders (with over 10 loans originated) are NBKC BANK ($4,146), MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,518), CORNERSTONE HOME LENDING, INC. ($4,825), NAVY FEDERAL CREDIT UNION ($5,990) and Mortgage Research Center, LLC ($6,189).

The lowest rate Tulsa VA lenders (with over 10 loans originated) are NBKC BANK (5.71%), NAVY FEDERAL CREDIT UNION (5.76%), PENNYMAC LOAN SERVICES, LLC (5.78%), DHI MORTGAGE COMPANY, LTD. (5.85%) and QUICKEN LOANS, LLC (6.07%).


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 (3.2%) 0.75 3,917
2018-05-01 $219,900 (3.0%) $290,114 (2.1%) 0.73 4,087
2018-06-01 $217,500 (-0.4%) $287,042 (-0.1%) 0.73 4,305
2018-07-01 $214,975 (0.0%) $287,533 (2.1%) 0.72 4,440
2018-08-01 $213,900 (-1.9%) $287,182 (1.0%) 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 (1.3%) 0.72 4,340
2018-11-01 $218,750 (6.2%) $287,669 (3.3%) 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%) $294,113 (8.0%) 0.74 3,541
2019-03-01 $229,174 (6.6%) $304,481 (7.7%) 0.75 3,431
2019-04-01 $232,074 (5.5%) $311,555 (7.4%) 0.74 3,386
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 (9.5%) 0.80 2,702
2020-04-01 $259,900 (12.0%) $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%) $370,475 (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 (-1.3%) 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 $361,950 (33.0%) $428,317 (5.9%) 0.85 1,763
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
2023-11-01 $341,250 (7.7%) $422,436 (8.5%) 0.81 2,383
2023-12-01 $340,000 (3.0%) $421,559 (5.5%) 0.83 2,348
2024-01-01 $344,947 (0.1%) $421,664 (3.0%) 0.84 2,214
2024-02-01 $342,500 (-3.3%) $422,733 (1.3%) 0.82 2,116
2024-03-01 $339,923 (-6.1%) $425,408 (-0.7%) 0.80 2,128
2024-04-01 $334,948 (-9.5%) $431,834 (0.2%) 0.78 2,219
Tulsa's median listing price for 2024-04-01 was $334,948, a difference of $-34,952 (-9.5%) versus the prior year and $-4,975 versus the prior month.

Tulsa's median listing price comes in at 78% of the national average.

Tulsa's average listing price for 2024-04-01 was $431,834, a difference of $1,050 (0.2%) versus the prior year and $6,426 versus the prior month.

For the 2024-04-01 period, Tulsa had 2,219 MLS listings, a difference of 91 listings (4%) versus the prior month and 397 listings (22%) 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 2,213 sqft
2018-05-01 49 days 2,201 sqft
2018-06-01 51 days 2,189 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 2,130 sqft
2018-11-01 65 days 2,147 sqft
2018-12-01 67 days 2,126 sqft
2019-01-01 71 days 2,124 sqft
2019-02-01 60 days 2,166 sqft
2019-03-01 51 days 2,224 sqft
2019-04-01 51 days 2,251 sqft
2019-05-01 50 days 2,291 sqft
2019-06-01 53 days 2,257 sqft
2019-07-01 58 days 2,275 sqft
2019-08-01 58 days 2,286 sqft
2019-09-01 60 days 2,303 sqft
2019-10-01 60 days 2,320 sqft
2019-11-01 60 days 2,287 sqft
2019-12-01 65 days 2,282 sqft
2020-01-01 71 days 2,227 sqft
2020-02-01 65 days 2,214 sqft
2020-03-01 51 days 2,261 sqft
2020-04-01 54 days 2,265 sqft
2020-05-01 54 days 2,296 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 2,344 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 2,212 sqft
2021-02-01 62 days 2,087 sqft
2021-03-01 49 days 2,262 sqft
2021-04-01 42 days 2,138 sqft
2021-05-01 38 days 2,133 sqft
2021-06-01 37 days 2,016 sqft
2021-07-01 36 days 2,012 sqft
2021-08-01 37 days 2,019 sqft
2021-09-01 40 days 1,988 sqft
2021-10-01 45 days 1,998 sqft
2021-11-01 46 days 1,928 sqft
2021-12-01 51 days 1,938 sqft
2022-01-01 53 days 1,951 sqft
2022-02-01 43 days 2,004 sqft
2022-03-01 39 days 1,934 sqft
2022-04-01 31 days 2,026 sqft
2022-05-01 33 days 2,029 sqft
2022-06-01 36 days 2,047 sqft
2022-07-01 31 days 2,024 sqft
2022-08-01 39 days 2,045 sqft
2022-09-01 45 days 2,056 sqft
2022-10-01 47 days 2,087 sqft
2022-11-01 52 days 2,080 sqft
2022-12-01 59 days 2,121 sqft
2023-01-01 65 days 2,167 sqft
2023-02-01 58 days 2,181 sqft
2023-03-01 52 days 2,231 sqft
2023-04-01 46 days 2,243 sqft
2023-05-01 48 days 2,240 sqft
2023-06-01 48 days 2,247 sqft
2023-07-01 48 days 2,240 sqft
2023-08-01 48 days 2,204 sqft
2023-09-01 47 days 2,165 sqft
2023-10-01 50 days 2,136 sqft
2023-11-01 51 days 2,133 sqft
2023-12-01 58 days 2,121 sqft
2024-01-01 66 days 2,081 sqft
2024-02-01 64 days 2,064 sqft
2024-03-01 48 days 2,055 sqft
2024-04-01 43 days 2,055 sqft
Tulsa's median listing age (time on market) for 2024-04-01 was 43 days. This is -7% shorter than the same period one year ago.

Tulsa's median square footage for active listings during the 2024-04-01 period was 2,055 sqft. One year prior, the average listing was 2,243 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.