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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.