Weatherford VA Loan Rates, Closing Costs & Stats

Weatherford, 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.

    Weatherford's 12 lenders originated 28 VA loans during 2023. The total origination value was $6,460,000, with an average VA loan value of $230,714.

    Weatherford VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Weatherford averaged 0.36% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Weatherford's average VA mortgage closing costs are $4,949.

    The average rate for the prior week (2024-11-08) was 6.76% and one month ago for the week of 2024-10-11, the average rate was 6.43%.

    The average rate one year ago was 7.52%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.1%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Weatherford 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 Weatherford level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 12 7.13% $3,961
    INTERLINC MORTGAGE SERVICES, LLC 3 7.08% $2,518
    GUARANTEED RATE, INC. 2 5.86% $8,663
    USAA Federal Savings Bank 2 6.56% $6,188
    PENTAGON FEDERAL CREDIT UNION 1 5.13% $2,432
    PLAZA HOME MORTGAGE, INC. 1 6.50% $14,154
    QUICKEN LOANS, LLC 1 5.38% $7,201
    UNITED WHOLESALE MORTGAGE, LLC 1 6.00% $3,885
    NAVY FEDERAL CREDIT UNION 1 5.38% $3,900
    FREEDOM MORTGAGE CORPORATION 1 6.75% $11,997
    JMJ FINANCIAL GROUP 1 7.50% $6,688
    FLAT BRANCH MORTGAGE, INC. 1 6.25% $5,382

    The top Weatherford VA lender as defined by loan originations is Mortgage Research Center, LLC, with 12 VA loans originated. Their average total fees are $3,961, which is $1,443 higher than the next largest lender, INTERLINC MORTGAGE SERVICES, LLC.

    The lowest fee Weatherford VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,961), .

    The lowest rate Weatherford VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (7.13%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Weatherford (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 $161,100 (-9.5%) $226,277 (-1.1%) 0.00 109
    2018-02-01 $160,650 (-8.7%) $221,498 (-3.3%) 0.00 103
    2018-03-01 $160,200 (-9.0%) $206,725 (-8.3%) 0.00 105
    2018-04-01 $165,950 (-5.7%) $225,528 (0.4%) 0.00 112
    2018-05-01 $164,500 (-6.0%) $224,183 (0.1%) 0.00 110
    2018-06-01 $162,000 (-9.3%) $199,364 (-18.9%) 0.00 109
    2018-07-01 $157,400 (-15.6%) $196,062 (-21.4%) 0.00 109
    2018-08-01 $155,675 (-20.0%) $192,928 (-24.0%) 0.00 105
    2018-09-01 $160,200 (-17.1%) $194,706 (-24.1%) 0.00 96
    2018-10-01 $160,125 (-16.4%) $203,022 (-20.6%) 0.00 93
    2018-11-01 $160,200 (-5.7%) $210,714 (-12.2%) 0.00 85
    2018-12-01 $161,100 (-0.3%) $212,641 (-6.6%) 0.00 81
    2019-01-01 $155,425 (-3.5%) $197,429 (-12.8%) 0.00 87
    2019-02-01 $142,450 (-11.3%) $185,184 (-16.4%) 0.00 84
    2019-03-01 $148,550 (-7.3%) $197,380 (-4.5%) 0.00 82
    2019-04-01 $148,100 (-10.8%) $204,350 (-9.4%) 0.00 88
    2019-05-01 $157,450 (-4.3%) $203,760 (-9.1%) 0.00 97
    2019-06-01 $174,500 (7.7%) $209,369 (5.0%) 0.00 102
    2019-07-01 $169,800 (7.9%) $206,376 (5.3%) 0.00 102
    2019-08-01 $166,700 (7.1%) $206,429 (7.0%) 0.00 108
    2019-09-01 $169,400 (5.7%) $209,253 (7.5%) 0.00 113
    2019-10-01 $173,000 (8.0%) $211,135 (4.0%) 0.00 115
    2019-11-01 $176,200 (10.0%) $211,281 (0.3%) 0.00 113
    2019-12-01 $177,000 (9.9%) $214,917 (1.1%) 0.00 108
    2020-01-01 $176,500 (13.6%) $210,650 (6.7%) 0.00 112
    2020-02-01 $174,500 (22.5%) $210,313 (13.6%) 0.00 105
    2020-03-01 $179,300 (20.7%) $215,140 (9.0%) 0.00 110
    2020-04-01 $183,250 (23.7%) $230,389 (12.7%) 0.00 121
    2020-05-01 $179,900 (14.3%) $227,249 (11.5%) 0.00 115
    2020-06-01 $188,400 (8.0%) $227,375 (8.6%) 0.00 114
    2020-07-01 $190,325 (12.1%) $222,711 (7.9%) 0.00 113
    2020-08-01 $199,900 (19.9%) $235,523 (14.1%) 0.00 111
    2020-09-01 $217,450 (28.4%) $236,763 (13.2%) 0.00 113
    2020-10-01 $199,450 (15.3%) $232,705 (10.2%) 0.00 116
    2020-11-01 $198,475 (12.6%) $232,167 (9.9%) 0.00 105
    2020-12-01 $198,825 (12.3%) $236,252 (9.9%) 0.00 97
    2021-01-01 $198,500 (12.5%) $230,515 (9.4%) 0.00 94
    2021-02-01 $187,850 (7.7%) $222,796 (5.9%) 0.00 84
    2021-03-01 $196,500 (9.6%) $235,699 (9.6%) 0.00 81
    2021-04-01 $182,000 (-0.7%) $207,162 (-10.1%) 0.00 83
    2021-05-01 $179,900 (0.0%) $200,770 (-11.7%) 0.00 79
    2021-06-01 $176,475 (-6.3%) $192,399 (-15.4%) 0.00 71
    2021-07-01 $175,000 (-8.1%) $187,763 (-15.7%) 0.00 80
    2021-08-01 $164,225 (-17.9%) $185,315 (-21.3%) 0.00 71
    2021-09-01 $159,900 (-26.5%) $184,966 (-21.9%) 0.00 70
    2021-10-01 $172,000 (-13.8%) $200,452 (-13.9%) 0.00 68
    2021-11-01 $173,725 (-12.5%) $235,502 (1.4%) 0.00 72
    2021-12-01 $167,375 (-15.8%) $224,252 (-5.1%) 0.00 60
    2022-01-01 $154,800 (-22.0%) $216,072 (-6.3%) 0.00 54
    2022-02-01 $159,700 (-15.0%) $211,053 (-5.3%) 0.00 55
    2022-03-01 $162,450 (-17.3%) $227,765 (-3.4%) 0.00 49
    2022-04-01 $148,000 (-18.7%) $208,964 (0.9%) 0.00 64
    2022-05-01 $159,250 (-11.5%) $224,741 (11.9%) 0.00 59
    2022-06-01 $175,750 (-0.4%) $239,044 (24.2%) 0.00 61
    2022-07-01 $185,000 (5.7%) $226,954 (20.9%) 0.00 62
    2022-08-01 $185,000 (12.7%) $232,833 (25.6%) 0.00 71
    2022-09-01 $192,500 (20.4%) $254,284 (37.5%) 0.00 68
    2022-10-01 $194,800 (13.3%) $287,590 (43.5%) 0.00 70
    2022-11-01 $165,750 (-4.6%) $266,121 (13.0%) 0.00 75
    2022-12-01 $199,000 (18.9%) $247,305 (10.3%) 0.00 72
    2023-01-01 $191,225 (23.5%) $242,000 (12.0%) 0.00 65
    2023-02-01 $157,500 (-1.4%) $233,295 (10.5%) 0.00 61
    2023-03-01 $164,950 (1.5%) $235,340 (3.3%) 0.00 57
    2023-04-01 $165,000 (11.5%) $248,106 (18.7%) 0.00 55
    2023-05-01 $168,750 (6.0%) $245,390 (9.2%) 0.00 64
    2023-06-01 $199,900 (13.7%) $255,453 (6.9%) 0.00 72
    2023-07-01 $188,500 (1.9%) $240,646 (6.0%) 0.00 77
    2023-08-01 $196,900 (6.4%) $249,985 (7.4%) 0.00 76
    2023-09-01 $198,000 (2.9%) $251,977 (-0.9%) 0.00 72
    2023-10-01 $198,250 (1.8%) $260,963 (-9.3%) 0.00 77
    2023-11-01 $202,176 (22.0%) $268,177 (0.8%) 0.00 71
    2023-12-01 $199,000 (0.0%) $255,786 (3.4%) 0.00 66
    2024-01-01 $196,700 (2.9%) $239,396 (-1.1%) 0.00 66
    2024-02-01 $193,320 (22.7%) $230,362 (-1.3%) 0.00 71
    2024-03-01 $194,400 (17.9%) $253,819 (7.9%) 0.00 70
    2024-04-01 $194,685 (18.0%) $239,894 (-3.3%) 0.00 71
    2024-05-01 $199,000 (17.9%) $243,840 (-0.6%) 0.00 67
    2024-06-01 $205,000 (2.6%) $256,839 (0.5%) 0.00 66
    2024-07-01 $199,900 (6.1%) $241,228 (0.2%) 0.00 62
    2024-08-01 $199,900 (1.5%) $238,232 (-4.7%) 0.00 63
    2024-09-01 $192,250 (-2.9%) $237,551 (-5.7%) 0.00 79
    2024-10-01 $220,000 (11.0%) $256,146 (-1.9%) 0.00 76
    Weatherford's median listing price for 2024-10-01 was $220,000, a difference of $21,750 (11.0%) versus the prior year and $27,750 versus the prior month.

    Weatherford's median listing price comes in at 0% of the national average.

    Weatherford's average listing price for 2024-10-01 was $256,146, a difference of $-4,817 (-1.9%) versus the prior year and $18,595 versus the prior month.

    For the 2024-10-01 period, Weatherford had 76 MLS listings, a difference of -3 listings (-4%) versus the prior month and -1 listings (-1%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Weatherford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,799 sqft
    2018-02-01 0 days 1,773 sqft
    2018-03-01 0 days 1,758 sqft
    2018-04-01 0 days 1,794 sqft
    2018-05-01 0 days 1,786 sqft
    2018-06-01 0 days 1,780 sqft
    2018-07-01 0 days 1,781 sqft
    2018-08-01 0 days 1,781 sqft
    2018-09-01 0 days 1,800 sqft
    2018-10-01 0 days 1,831 sqft
    2018-11-01 0 days 1,809 sqft
    2018-12-01 0 days 1,805 sqft
    2019-01-01 0 days 1,789 sqft
    2019-02-01 0 days 1,724 sqft
    2019-03-01 0 days 1,764 sqft
    2019-04-01 0 days 1,794 sqft
    2019-05-01 0 days 1,787 sqft
    2019-06-01 0 days 1,826 sqft
    2019-07-01 0 days 1,858 sqft
    2019-08-01 0 days 1,856 sqft
    2019-09-01 0 days 1,843 sqft
    2019-10-01 0 days 1,850 sqft
    2019-11-01 0 days 1,865 sqft
    2019-12-01 0 days 1,806 sqft
    2020-01-01 0 days 1,806 sqft
    2020-02-01 0 days 1,869 sqft
    2020-03-01 0 days 1,946 sqft
    2020-04-01 0 days 1,952 sqft
    2020-05-01 0 days 1,917 sqft
    2020-06-01 0 days 1,992 sqft
    2020-07-01 0 days 1,993 sqft
    2020-08-01 0 days 2,078 sqft
    2020-09-01 0 days 2,045 sqft
    2020-10-01 0 days 2,026 sqft
    2020-11-01 0 days 2,066 sqft
    2020-12-01 0 days 2,096 sqft
    2021-01-01 0 days 2,096 sqft
    2021-02-01 0 days 2,008 sqft
    2021-03-01 0 days 2,099 sqft
    2021-04-01 0 days 1,984 sqft
    2021-05-01 0 days 1,903 sqft
    2021-06-01 0 days 1,776 sqft
    2021-07-01 0 days 1,730 sqft
    2021-08-01 0 days 1,741 sqft
    2021-09-01 0 days 1,677 sqft
    2021-10-01 0 days 1,716 sqft
    2021-11-01 0 days 1,774 sqft
    2021-12-01 0 days 1,733 sqft
    2022-01-01 0 days 1,781 sqft
    2022-02-01 0 days 1,729 sqft
    2022-03-01 0 days 1,773 sqft
    2022-04-01 0 days 1,662 sqft
    2022-05-01 0 days 1,701 sqft
    2022-06-01 0 days 1,668 sqft
    2022-07-01 0 days 1,717 sqft
    2022-08-01 0 days 1,720 sqft
    2022-09-01 0 days 1,701 sqft
    2022-10-01 0 days 1,720 sqft
    2022-11-01 0 days 1,643 sqft
    2022-12-01 0 days 1,727 sqft
    2023-01-01 0 days 1,737 sqft
    2023-02-01 0 days 1,692 sqft
    2023-03-01 0 days 1,613 sqft
    2023-04-01 0 days 1,652 sqft
    2023-05-01 0 days 1,738 sqft
    2023-06-01 0 days 1,776 sqft
    2023-07-01 0 days 1,772 sqft
    2023-08-01 0 days 1,776 sqft
    2023-09-01 0 days 1,744 sqft
    2023-10-01 0 days 1,733 sqft
    2023-11-01 0 days 1,780 sqft
    2023-12-01 0 days 1,668 sqft
    2024-01-01 0 days 1,672 sqft
    2024-02-01 0 days 1,633 sqft
    2024-03-01 0 days 1,653 sqft
    2024-04-01 0 days 1,636 sqft
    2024-05-01 0 days 1,590 sqft
    2024-06-01 0 days 1,752 sqft
    2024-07-01 0 days 1,669 sqft
    2024-08-01 0 days 1,700 sqft
    2024-09-01 0 days 1,752 sqft
    2024-10-01 0 days 1,827 sqft
    Weatherford's median listing age (time on market) for 2024-10-01 was 0 days.

    Weatherford's median square footage for active listings during the 2024-10-01 period was 1,827 sqft. One year prior, the average listing was 1,733 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.