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
6.08%
for the week of 2024-10-11, compared to the national average (all VA variants) of
5.854% for the same period.
Tulsa's average VA mortgage closing costs are $6,047.
The average rate for the prior week (2024-10-04) was
5.75% and
one month ago for the week of 2024-09-06, the
average rate was 5.94%.
The average rate one year ago was 7.4%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6.02%.
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.
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. LouisDate | 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 |
2024-05-01 | $341,950 (-7.4%) | $438,616 (-0.8%) | 0.77 | 2,362 |
2024-06-01 | $339,000 (-7.0%) | $432,288 (-1.8%) | 0.76 | 2,596 |
2024-07-01 | $327,000 (-10.2%) | $414,375 (-5.2%) | 0.75 | 2,756 |
2024-08-01 | $325,000 (-7.1%) | $409,153 (-6.3%) | 0.76 | 2,934 |
2024-09-01 | $325,000 (-6.9%) | $408,931 (-5.0%) | 0.76 | 3,039 |
Tulsa's median listing price comes in at 76% of the national average.
Tulsa's average listing price for 2024-09-01 was $408,931, a difference of $-21,605 (-5.0%) versus the prior year and $-222 versus the prior month.
For the 2024-09-01 period, Tulsa had 3,039 MLS listings, a difference of 105 listings (4%) versus the prior month and 893 listings (42%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Tulsa (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
2024-05-01 | 39 days | 2,094 sqft |
2024-06-01 | 40 days | 2,078 sqft |
2024-07-01 | 50 days | 2,045 sqft |
2024-08-01 | 51 days | 2,043 sqft |
2024-09-01 | 52 days | 2,044 sqft |
Tulsa's median square footage for active listings during the 2024-09-01 period was 2,044 sqft. One year prior, the average listing was 2,165 sqft.