Tulsa VA Loans

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 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.