Tulsa VA Loan Rates, Closing Costs & Stats

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 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 6.56% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.72% and one month ago for the week of 2024-10-04, the average rate was 5.85%.

    The average rate one year ago was 7.7%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.31%.

    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%).

    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.