Tulsa VA Loans

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 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 153 lenders originated 3,208 VA loans during 2021. The total origination value was $757,150,000, with an average VA loan value of $236,019.

    Tulsa VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Tulsa averaged 5.53% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

    The average rate for the prior week (2022-05-06) was 5.76% and one month ago for the week of 2022-04-08, the average rate was 5.29%.

    The average rate one year ago was 3.1%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.12%.

    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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Tulsa level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Mortgage Research Center, LLC 337 2.88% $5,308
    QUICKEN LOANS, LLC 293 2.52% $4,898
    FREEDOM MORTGAGE CORPORATION 170 2.60% $2,369
    ASSOCIATED MORTGAGE CORPORATION 154 2.88% $6,943
    PENNYMAC LOAN SERVICES, LLC 135 2.48% $5,484
    USAA Federal Savings Bank 108 2.87% $4,526
    First United Bank and Trust Company 104 2.82% $7,094
    NEW DAY FINANCIAL, LLC 84 2.76% $6,393
    Arvest Bank 73 2.79% $5,737
    FLAT BRANCH MORTGAGE, INC. 64 2.92% $5,897
    NAVY FEDERAL CREDIT UNION 59 2.53% $3,840
    LOANDEPOT.COM, LLC 56 2.71% $6,098
    LAKEVIEW LOAN SERVICING, LLC 48 2.57% $3,523
    CALIBER HOME LOANS, INC. 45 2.54% $5,413
    CORNERSTONE HOME LENDING, INC. 43 3.12% $7,375
    VILLAGE CAPITAL & INVESTMENT LLC 41 2.49% $3,323
    Mr. Cooper ( Nationstar Mortgage ) 38 3.02% $4,742
    United Fidelity Funding Corp. 37 3.13% $7,375
    Gateway First Bank 33 2.89% $7,164
    US MORTGAGE CORPORATION 33 2.91% $7,527
    CROSSCOUNTRY MORTGAGE, LLC 32 2.96% $4,964
    BOKF 31 2.98% $6,336
    GUARANTEED RATE, INC. 31 2.76% $5,943
    Low VA Rates, LLC 30 2.43% $4,666
    Wells Fargo Bank 30 2.50% $5,012
    The Federal Savings Bank 28 2.59% $7,635
    Waterstone Mortgage Corporation 26 3.12% $8,282
    American Bank of Oklahoma 25 2.60% $6,695
    GUILD MORTGAGE COMPANY 23 2.70% $6,671
    HOME POINT FINANCIAL CORPORATION 22 2.56% $5,427
    AMERISAVE MORTGAGE CORPORATION 22 2.67% $7,461
    FBC MORTGAGE, LLC 21 2.99% $6,291
    UNITED WHOLESALE MORTGAGE, LLC 21 2.42% $5,671
    PENTAGON FEDERAL CREDIT UNION 20 2.36% $3,838
    BROKER SOLUTIONS, INC. 20 2.80% $5,740
    TTCU Federal Credit Union 20 2.83% $5,268
    Barrington Bank & Trust Company, N.A. 17 2.86% $4,987
    MORTGAGE SOLUTIONS OF COLORADO, LLC 15 3.13% $5,115
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 3.12% $5,673
    First Oklahoma Mortgage, LLC 13 2.78% $6,461
    AMERICAN FINANCIAL NETWORK, INC. 13 2.46% $8,590
    First Guaranty Mortgage Corporation 12 2.54% $4,837
    North American Savings Bank, F.S.B. 12 2.50% $5,044
    BancFirst 12 2.54% $3,802
    Magnolia Bank 11 2.51% $8,125
    MUTUAL OF OMAHA MORTGAGE, INC. 11 2.66% $5,805
    ACCELERATE MORTGAGE, LLC 11 2.30% $5,700
    EVERETT FINANCIAL, INC. 11 3.20% $6,176
    PLANET HOME LENDING, LLC 10 2.61% $3,422
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 10 2.96% $7,000
    NEWREZ LLC 9 2.67% $4,077
    NBKC BANK 9 2.49% $5,014
    MOVEMENT MORTGAGE, LLC 8 2.81% $4,395
    Paramount Residential Mortgage Group, Inc. 8 3.25% $5,712
    Regent Financial Group, Inc. 8 2.91% $8,562
    NP, Inc. 8 2.25% $5,554
    Firstar Bank 7 2.79% $6,198
    Stride Bank 7 2.84% $6,443
    Carrington Mortgage Services, LLC 6 3.02% $4,261
    First Federal Bank 6 3.75% $10,965
    CMG MORTGAGE, INC. 6 3.02% $13,147
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 2.95% $7,206
    Chickasaw Community Bank 5 2.93% $7,203
    SOUTHWEST STAGE FUNDING, LLC 5 2.98% $2,062
    Flagstar Bank, FSB 5 2.60% $4,963
    UNION HOME MORTGAGE CORP. 5 2.68% $4,549
    KS StateBank 4 2.38% $2,945
    RCB Bank 4 2.81% $5,204
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 3.16% $4,293
    BNC National Bank 3 2.13% $4,736
    Bank of England 3 2.67% $3,405
    CHURCHILL MORTGAGE CORPORATION 3 2.46% $8,898
    Community First National Bank 3 2.58% $5,940
    Great Plains National Bank 3 2.25% $6,474
    LEADERONE FINANCIAL CORPORATION 3 2.75% $3,765
    LOANPAL, LLC 3 3.04% $10,103
    OPEN MORTGAGE, LLC 3 3.21% $6,372
    PREMIA MORTGAGE, LLC 3 2.63% $9,712
    Servion, Inc. 3 2.96% $6,346
    SpiritBank 3 2.83% $4,078
    Tinker Federal Credit Union 3 3.08% $7,030
    TJC Mortgage, Inc. 3 2.21% $5,478
    Wyndham Capital Mortgage, Inc. 3 2.54% $8,756
    Hometown Lenders, Inc. 2 4.00% $6,162
    CLEARPATH LENDING 2 2.31% $4,541
    Mortgage Investment Services Corporation 2 2.75% $6,306
    INTERCAP LENDING INC. 2 2.38% $3,831
    AMCAP MORTGAGE, LTD. 2 3.50% $4,703
    Plains Commerce Bank 2 2.44% $4,929
    HOMESIDE FINANCIAL, LLC 2 2.56% $3,610
    U.S. Bank 2 3.19% $4,525
    BAYSHORE MORTGAGE FUNDING, LLC 2 3.00% $2,456
    Simmons Bank 2 2.56% $3,151
    SIRVA MORTGAGE, INC. 2 2.38% $2,828
    NATIONS DIRECT MORTGAGE, LLC 2 3.44% $6,069
    Citizens Bank 2 2.50% $7,344
    DHI MORTGAGE COMPANY, LTD. 2 2.88% $6,160
    AMERICAN FINANCING CORPORATION 2 2.44% $2,827
    JPMorgan Chase Bank 2 2.75% $5,710
    Nations Lending Corporation 2 3.19% $3,544
    First Federal Bank of Kansas City 2 2.75% $7,488
    Strong Home Mortgage, LLC 2 2.25% $1,985
    SUN WEST MORTGAGE COMPANY, INC. 2 2.38% $3,259
    EMBRACE HOME LOANS, INC. 1 2.25% $3,609
    Prosperity Bank 1 2.88% $4,478
    Prosperity Home Mortgage, LLC 1 2.88% $3,026
    Colonial Savings, F.A. 1 3.00% $4,087
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 3.88% $4,776
    Regions Bank 1 2.75% $5,147
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.38% $4,610
    ROYAL UNITED MORTGAGE LLC 1 2.75% $4,272
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.00% $13,810
    SOUTHWEST FUNDING, LP 1 3.25% $20,886
    SOVEREIGN LENDING GROUP INCORPORATED 1 2.38% $17,250
    STEARNS LENDING, LLC 1 2.88% $5,923
    CHERRY CREEK MORTGAGE, LLC 1 2.75% $991
    Texana Bank 1 3.63% $4,410
    The Central Trust Bank 1 2.63% $2,950
    ACADEMY MORTGAGE CORPORATION 1 2.75% $3,536
    The Huntington National Bank 1 2.63% $7,436
    ZILLOW HOME LOANS, LLC 1 2.50% $9,611
    TruHome Solutions, LLC 1 3.00% $4,366
    BEST CAPITAL FUNDING 1 2.63% $23,212
    Bank of the West 1 2.75% $3,926
    UNITED MORTGAGE CORP. 1 3.25% $16,457
    Bank of America 1 2.75% $16,273
    LIBERTY HOME MORTGAGE CORPORATION 1 2.75% $2,267
    KELLER MORTGAGE, LLC 1 2.25% $3,001
    Armstrong Bank 1 2.75% $2,725
    INTERLINC MORTGAGE SERVICES, LLC 1 3.25% $17,901
    Meridian Bank Corporation 1 2.25% $6,096
    MID AMERICA MORTGAGE, INC. 1 2.63% $4,098
    MORTGAGE FINANCIAL SERVICES, LLC 1 3.25% $4,696
    MORTGAGE CLEARING CORPORATION 1 2.50% $4,975
    HOMESTEAD FUNDING CORP. 1 2.50% $474
    HOMESTAR FINANCIAL CORPORATION 1 2.75% $3,742
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.13% $3,529
    NBH Bank 1 2.25% $5,635
    GUARANTY HOME MORTGAGE CORPORATION 1 2.63% $3,536
    GUARANTEED RATE AFFINITY, LLC 1 2.25% $100
    Goldwater Bank, N.A. 1 2.38% $5,512
    NexBank 1 2.63% $10,358
    NFM, INC. 1 3.38% $3,592
    F & M Bank 1 2.63% $16,186
    Florida Capital Bank 1 2.38% $4,485
    OCEANSIDE MORTGAGE COMPANY 1 2.25% $730
    Paramount Bank 1 3.00% $15,338
    First Savings Bank 1 2.25% $6,165
    FIRST AMERICAN MORTGAGE, INC. 1 2.25% $5,936
    Peoples Bank 1 3.00% $5,113
    PHH Mortgage Corporation 1 3.75% $2,583
    Fifth Third Bank 1 2.88% $4,718
    Amerifirst Financial, Inc. 1 3.25% $22,195

    The top Tulsa VA lender as defined by loan originations is Mortgage Research Center, LLC, with 337 VA loans originated. Their average total fees are $5,308, which is $409 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Tulsa VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,369), VILLAGE CAPITAL & INVESTMENT LLC ($3,323), PLANET HOME LENDING, LLC ($3,422), LAKEVIEW LOAN SERVICING, LLC ($3,523) and BancFirst ($3,802).

    The lowest rate Tulsa VA lenders (with over 10 loans originated) are ACCELERATE MORTGAGE, LLC (2.30%), PENTAGON FEDERAL CREDIT UNION (2.36%), UNITED WHOLESALE MORTGAGE, LLC (2.42%), Low VA Rates, LLC (2.43%) and AMERICAN FINANCIAL NETWORK, INC. (2.46%).

    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 $203,750 (3.7%) $272,080 (1.9%) 0.75 3,984
    2018-02-01 $207,450 (3.8%) $273,062 (0.4%) 0.75 3,893
    2018-03-01 $215,000 (5.5%) $284,653 (3.1%) 0.74 3,895
    2018-04-01 $220,500 (5.0%) $291,600 (3.2%) 0.74 3,913
    2018-05-01 $219,900 (2.5%) $291,570 (2.1%) 0.73 4,076
    2018-06-01 $215,000 (-1.9%) $287,395 (-0.3%) 0.72 4,294
    2018-07-01 $215,000 (0.0%) $289,325 (2.5%) 0.72 4,421
    2018-08-01 $214,900 (-2.0%) $288,334 (0.8%) 0.72 4,475
    2018-09-01 $214,900 (2.3%) $286,360 (1.8%) 0.72 4,465
    2018-10-01 $214,650 (2.2%) $286,017 (1.4%) 0.72 4,319
    2018-11-01 $219,150 (5.0%) $289,556 (3.4%) 0.73 4,062
    2018-12-01 $215,000 (5.1%) $287,367 (5.3%) 0.74 3,921
    2019-01-01 $216,000 (6.0%) $287,651 (5.7%) 0.74 3,673
    2019-02-01 $221,443 (6.8%) $296,741 (8.7%) 0.74 3,529
    2019-03-01 $229,186 (6.6%) $305,219 (7.2%) 0.75 3,416
    2019-04-01 $233,686 (6.0%) $312,787 (7.3%) 0.74 3,360
    2019-05-01 $239,900 (9.1%) $326,758 (12.1%) 0.74 3,357
    2019-06-01 $239,690 (11.5%) $329,190 (14.5%) 0.74 3,461
    2019-07-01 $241,895 (12.5%) $331,354 (14.5%) 0.75 3,483
    2019-08-01 $241,186 (12.2%) $327,568 (13.6%) 0.76 3,375
    2019-09-01 $242,686 (12.9%) $329,642 (15.1%) 0.77 3,211
    2019-10-01 $248,950 (16.0%) $333,927 (16.8%) 0.79 3,204
    2019-11-01 $248,500 (13.4%) $329,555 (13.8%) 0.80 3,113
    2019-12-01 $249,725 (16.2%) $497,270 (73.0%) 0.83 2,928
    2020-01-01 $239,900 (11.1%) $319,607 (11.1%) 0.80 2,819
    2020-02-01 $245,000 (10.6%) $325,725 (9.8%) 0.79 2,684
    2020-03-01 $256,000 (11.7%) $334,241 (9.5%) 0.80 2,667
    2020-04-01 $261,700 (12.0%) $337,092 (7.8%) 0.82 2,643
    2020-05-01 $269,500 (12.3%) $351,628 (7.6%) 0.82 2,505
    2020-06-01 $282,450 (17.8%) $361,750 (9.9%) 0.82 2,274
    2020-07-01 $293,750 (21.4%) $382,464 (15.4%) 0.84 2,164
    2020-08-01 $282,000 (16.9%) $372,692 (13.8%) 0.81 2,015
    2020-09-01 $281,250 (15.9%) $372,851 (13.1%) 0.80 1,911
    2020-10-01 $275,000 (10.5%) $369,853 (10.8%) 0.79 1,897
    2020-11-01 $267,450 (7.6%) $371,379 (12.7%) 0.77 1,874
    2020-12-01 $270,512 (8.3%) $378,482 (-23.9%) 0.79 1,635
    2021-01-01 $269,500 (12.3%) $404,914 (26.7%) 0.79 1,351
    2021-02-01 $254,900 (4.0%) $379,044 (16.4%) 0.73 1,148
    2021-03-01 $289,450 (13.1%) $407,657 (22.0%) 0.81 1,014
    2021-04-01 $275,950 (5.5%) $386,912 (14.8%) 0.74 1,072
    2021-05-01 $275,000 (2.0%) $403,285 (14.7%) 0.72 1,077
    2021-06-01 $252,500 (-10.6%) $387,395 (7.1%) 0.66 1,203
    2021-07-01 $256,450 (-12.7%) $378,595 (-1.0%) 0.67 1,349
    2021-08-01 $265,000 (-6.0%) $369,027 (-1.0%) 0.70 1,514
    2021-09-01 $265,000 (-5.8%) $369,937 (-0.8%) 0.70 1,477
    2021-10-01 $265,000 (-3.6%) $378,587 (2.4%) 0.70 1,444
    2021-11-01 $255,000 (-4.7%) $376,411 (1.4%) 0.67 1,302
    2021-12-01 $252,791 (-6.6%) $368,374 (-2.7%) 0.67 1,102
    2022-01-01 $262,500 (-2.6%) $387,002 (-4.4%) 0.70 915
    2022-02-01 $275,037 (7.9%) $402,865 (6.3%) 0.70 821
    2022-03-01 $274,950 (-5.0%) $410,244 (0.6%) 0.68 752
    2022-04-01 $295,000 (6.9%) $415,725 (7.5%) 0.69 826
    Tulsa's median listing price for 2022-04-01 was $295,000, a difference of $19,050 (6.9%) versus the prior year and $20,050 versus the prior month.

    Tulsa's median listing price comes in at 69% of the national average.

    Tulsa's average listing price for 2022-04-01 was $415,725, a difference of $28,813 (7.5%) versus the prior year and $5,481 versus the prior month.

    For the 2022-04-01 period, Tulsa had 826 MLS listings, a difference of 74 listings (10%) versus the prior month and -246 listings (-23%) 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 68 days 2,094 sqft
    2018-02-01 65 days 2,098 sqft
    2018-03-01 52 days 2,182 sqft
    2018-04-01 50 days 2,208 sqft
    2018-05-01 47 days 2,199 sqft
    2018-06-01 50 days 2,176 sqft
    2018-07-01 58 days 2,177 sqft
    2018-08-01 58 days 2,155 sqft
    2018-09-01 60 days 2,136 sqft
    2018-10-01 65 days 2,125 sqft
    2018-11-01 65 days 2,148 sqft
    2018-12-01 67 days 2,128 sqft
    2019-01-01 71 days 2,118 sqft
    2019-02-01 60 days 2,160 sqft
    2019-03-01 54 days 2,219 sqft
    2019-04-01 51 days 2,250 sqft
    2019-05-01 50 days 2,296 sqft
    2019-06-01 53 days 2,261 sqft
    2019-07-01 57 days 2,276 sqft
    2019-08-01 57 days 2,277 sqft
    2019-09-01 58 days 2,280 sqft
    2019-10-01 60 days 2,326 sqft
    2019-11-01 58 days 2,295 sqft
    2019-12-01 63 days 2,280 sqft
    2020-01-01 71 days 2,231 sqft
    2020-02-01 63 days 2,214 sqft
    2020-03-01 51 days 2,265 sqft
    2020-04-01 53 days 2,274 sqft
    2020-05-01 56 days 2,296 sqft
    2020-06-01 53 days 2,341 sqft
    2020-07-01 52 days 2,424 sqft
    2020-08-01 50 days 2,364 sqft
    2020-09-01 50 days 2,356 sqft
    2020-10-01 49 days 2,290 sqft
    2020-11-01 50 days 2,233 sqft
    2020-12-01 58 days 2,260 sqft
    2021-01-01 65 days 2,212 sqft
    2021-02-01 64 days 2,092 sqft
    2021-03-01 49 days 2,267 sqft
    2021-04-01 43 days 2,139 sqft
    2021-05-01 39 days 2,171 sqft
    2021-06-01 38 days 2,029 sqft
    2021-07-01 38 days 2,022 sqft
    2021-08-01 38 days 2,020 sqft
    2021-09-01 41 days 1,986 sqft
    2021-10-01 45 days 1,991 sqft
    2021-11-01 46 days 1,935 sqft
    2021-12-01 51 days 1,950 sqft
    2022-01-01 54 days 1,970 sqft
    2022-02-01 44 days 2,005 sqft
    2022-03-01 41 days 1,944 sqft
    2022-04-01 33 days 2,024 sqft
    Tulsa's median listing age (time on market) for 2022-04-01 was 33 days. This is -23% shorter than the same period one year ago.

    Tulsa's median square footage for active listings during the 2022-04-01 period was 2,024 sqft. One year prior, the average listing was 2,139 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.