Woodward VA Loan Rates, Closing Costs & Stats

Woodward, OK

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Woodward's 11 lenders originated 18 VA loans during 2023. The total origination value was $3,920,000, with an average VA loan value of $217,778.

    Woodward VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Woodward averaged 7.25% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Woodward's average VA mortgage closing costs are $4,715.

    The average rate for the prior week (2024-04-12) was 6.68% and one month ago for the week of 2024-03-15, the average rate was 6.84%.

    The average rate one year ago was 6.33%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Woodward 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 Woodward level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 5 7.00% $9,446
    QUICKEN LOANS, LLC 2 5.38% $4,746
    GUARANTEED RATE AFFINITY, LLC 1 5.58% $10,670
    GUILD MORTGAGE COMPANY 1 6.50% $12,506
    NAVY FEDERAL CREDIT UNION 1 7.50% $145
    PREMIA MORTGAGE, LLC 1 6.25% $3,250
    Stride Bank 1 7.13% $5,109
    SWBC MORTGAGE CORPORATION 1 7.00% $10,238
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.13% $807
    The Huntington National Bank 1 6.13% $7,825
    First United Bank and Trust Company 1 7.13% $13,918

    The top Woodward VA lender as defined by loan originations is Mortgage Research Center, LLC, with 5 VA loans originated. Their average total fees are $9,446, which is $4,699 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Woodward VA lenders (with over 10 loans originated) are .

    The lowest rate Woodward VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Woodward (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 $140,000 (-3.1%) $189,345 (2.5%) 0.00 113
    2018-02-01 $139,750 (0.5%) $177,985 (-2.9%) 0.00 117
    2018-03-01 $139,500 (-0.4%) $176,067 (-5.4%) 0.00 116
    2018-04-01 $135,500 (3.0%) $180,288 (-0.7%) 0.00 112
    2018-05-01 $131,875 (0.3%) $179,124 (0.8%) 0.00 113
    2018-06-01 $130,000 (0.2%) $186,156 (2.6%) 0.00 133
    2018-07-01 $125,000 (-3.5%) $176,533 (-5.5%) 0.00 147
    2018-08-01 $125,000 (-6.9%) $177,479 (-5.0%) 0.00 154
    2018-09-01 $128,000 (-14.7%) $172,782 (-15.7%) 0.00 154
    2018-10-01 $120,000 (-20.5%) $159,511 (-22.1%) 0.00 146
    2018-11-01 $120,000 (-15.0%) $160,756 (-18.8%) 0.00 135
    2018-12-01 $120,000 (-9.4%) $164,555 (-15.2%) 0.00 125
    2019-01-01 $124,625 (-11.0%) $164,251 (-13.3%) 0.00 124
    2019-02-01 $136,000 (-2.7%) $168,625 (-5.3%) 0.00 116
    2019-03-01 $147,957 (6.1%) $181,563 (3.1%) 0.00 106
    2019-04-01 $158,225 (16.8%) $188,042 (4.3%) 0.00 104
    2019-05-01 $156,375 (18.6%) $184,640 (3.1%) 0.00 105
    2019-06-01 $155,000 (19.2%) $187,666 (0.8%) 0.00 111
    2019-07-01 $157,450 (26.0%) $184,752 (4.7%) 0.00 116
    2019-08-01 $147,818 (18.3%) $177,253 (-0.1%) 0.00 117
    2019-09-01 $146,795 (14.7%) $176,121 (1.9%) 0.00 122
    2019-10-01 $145,250 (21.0%) $175,218 (9.9%) 0.00 124
    2019-11-01 $143,500 (19.6%) $172,341 (7.2%) 0.00 123
    2019-12-01 $140,500 (17.1%) $170,999 (3.9%) 0.00 103
    2020-01-01 $140,000 (12.3%) $171,800 (4.6%) 0.00 102
    2020-02-01 $137,500 (1.1%) $164,779 (-2.3%) 0.00 98
    2020-03-01 $140,000 (-5.4%) $167,243 (-7.9%) 0.00 111
    2020-04-01 $143,750 (-9.2%) $178,586 (-5.0%) 0.00 115
    2020-05-01 $140,000 (-10.5%) $180,810 (-2.1%) 0.00 111
    2020-06-01 $136,125 (-12.2%) $171,595 (-8.6%) 0.00 131
    2020-07-01 $136,000 (-13.6%) $174,374 (-5.6%) 0.00 128
    2020-08-01 $130,000 (-12.1%) $175,318 (-1.1%) 0.00 121
    2020-09-01 $120,000 (-18.3%) $187,041 (6.2%) 0.00 120
    2020-10-01 $114,500 (-21.2%) $181,603 (3.6%) 0.00 110
    2020-11-01 $120,000 (-16.4%) $186,551 (8.3%) 0.00 99
    2020-12-01 $118,875 (-15.4%) $190,564 (11.4%) 0.00 96
    2021-01-01 $110,000 (-21.4%) $187,319 (9.0%) 0.00 88
    2021-02-01 $115,000 (-16.4%) $197,973 (20.1%) 0.00 80
    2021-03-01 $115,750 (-17.3%) $201,587 (20.5%) 0.00 75
    2021-04-01 $113,750 (-20.9%) $193,510 (8.4%) 0.00 84
    2021-05-01 $116,000 (-17.1%) $186,900 (3.4%) 0.00 88
    2021-06-01 $115,000 (-15.5%) $183,183 (6.8%) 0.00 70
    2021-07-01 $130,750 (-3.9%) $187,845 (7.7%) 0.00 69
    2021-08-01 $127,000 (-2.3%) $166,959 (-4.8%) 0.00 76
    2021-09-01 $128,500 (7.1%) $168,370 (-10.0%) 0.00 72
    2021-10-01 $135,000 (17.9%) $181,459 (-0.1%) 0.00 82
    2021-11-01 $130,625 (8.9%) $182,089 (-2.4%) 0.00 77
    2021-12-01 $129,625 (9.0%) $174,136 (-8.6%) 0.00 78
    2022-01-01 $129,000 (17.3%) $176,491 (-5.8%) 0.00 69
    2022-02-01 $117,500 (2.2%) $162,324 (-18.0%) 0.00 70
    2022-03-01 $126,750 (9.5%) $179,677 (-10.9%) 0.00 76
    2022-04-01 $135,000 (18.7%) $181,568 (-6.2%) 0.00 82
    2022-05-01 $141,250 (21.8%) $192,877 (3.2%) 0.00 78
    2022-06-01 $130,250 (13.3%) $176,766 (-3.5%) 0.00 77
    2022-07-01 $128,000 (-2.1%) $174,215 (-7.3%) 0.00 83
    2022-08-01 $129,000 (1.6%) $173,875 (4.1%) 0.00 86
    2022-09-01 $131,750 (2.5%) $173,995 (3.3%) 0.00 85
    2022-10-01 $125,000 (-7.4%) $173,629 (-4.3%) 0.00 76
    2022-11-01 $133,250 (2.0%) $188,997 (3.8%) 0.00 76
    2022-12-01 $139,250 (7.4%) $191,893 (10.2%) 0.00 73
    2023-01-01 $146,250 (13.4%) $196,321 (11.2%) 0.00 67
    2023-02-01 $143,625 (22.2%) $196,965 (21.3%) 0.00 60
    2023-03-01 $150,125 (18.4%) $201,096 (11.9%) 0.00 51
    2023-04-01 $160,000 (18.5%) $197,485 (8.8%) 0.00 56
    2023-05-01 $150,750 (6.7%) $196,338 (1.8%) 0.00 55
    2023-06-01 $149,625 (14.9%) $192,775 (9.1%) 0.00 58
    2023-07-01 $145,000 (13.3%) $183,099 (5.1%) 0.00 62
    2023-08-01 $141,750 (9.9%) $189,426 (8.9%) 0.00 66
    2023-09-01 $143,500 (8.9%) $195,354 (12.3%) 0.00 70
    2023-10-01 $133,975 (7.2%) $196,084 (12.9%) 0.00 74
    2023-11-01 $139,025 (4.3%) $204,724 (8.3%) 0.00 78
    2023-12-01 $155,000 (11.3%) $220,908 (15.1%) 0.00 77
    2024-01-01 $151,250 (3.4%) $205,624 (4.7%) 0.00 76
    2024-02-01 $143,750 (0.1%) $203,650 (3.4%) 0.00 77
    2024-03-01 $157,500 (4.9%) $210,863 (4.9%) 0.00 79
    Woodward's median listing price for 2024-03-01 was $157,500, a difference of $7,375 (4.9%) versus the prior year and $13,750 versus the prior month.

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

    Woodward's average listing price for 2024-03-01 was $210,863, a difference of $9,767 (4.9%) versus the prior year and $7,213 versus the prior month.

    For the 2024-03-01 period, Woodward had 79 MLS listings, a difference of 2 listings (3%) versus the prior month and 28 listings (55%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Woodward (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,696 sqft
    2018-02-01 0 days 1,719 sqft
    2018-03-01 0 days 1,711 sqft
    2018-04-01 0 days 1,745 sqft
    2018-05-01 0 days 1,761 sqft
    2018-06-01 0 days 1,745 sqft
    2018-07-01 0 days 1,629 sqft
    2018-08-01 0 days 1,724 sqft
    2018-09-01 0 days 1,680 sqft
    2018-10-01 0 days 1,625 sqft
    2018-11-01 0 days 1,608 sqft
    2018-12-01 0 days 1,630 sqft
    2019-01-01 0 days 1,626 sqft
    2019-02-01 0 days 1,610 sqft
    2019-03-01 0 days 1,758 sqft
    2019-04-01 0 days 1,781 sqft
    2019-05-01 0 days 1,811 sqft
    2019-06-01 0 days 1,823 sqft
    2019-07-01 0 days 1,803 sqft
    2019-08-01 0 days 1,645 sqft
    2019-09-01 0 days 1,665 sqft
    2019-10-01 0 days 1,678 sqft
    2019-11-01 0 days 1,682 sqft
    2019-12-01 0 days 1,588 sqft
    2020-01-01 0 days 1,571 sqft
    2020-02-01 0 days 1,588 sqft
    2020-03-01 0 days 1,583 sqft
    2020-04-01 0 days 1,671 sqft
    2020-05-01 0 days 1,692 sqft
    2020-06-01 0 days 1,571 sqft
    2020-07-01 0 days 1,629 sqft
    2020-08-01 0 days 1,560 sqft
    2020-09-01 0 days 1,558 sqft
    2020-10-01 0 days 1,455 sqft
    2020-11-01 0 days 1,560 sqft
    2020-12-01 0 days 1,546 sqft
    2021-01-01 0 days 1,476 sqft
    2021-02-01 0 days 1,488 sqft
    2021-03-01 0 days 1,537 sqft
    2021-04-01 0 days 1,551 sqft
    2021-05-01 0 days 1,546 sqft
    2021-06-01 0 days 1,559 sqft
    2021-07-01 0 days 1,592 sqft
    2021-08-01 0 days 1,583 sqft
    2021-09-01 0 days 1,561 sqft
    2021-10-01 0 days 1,609 sqft
    2021-11-01 0 days 1,648 sqft
    2021-12-01 0 days 1,675 sqft
    2022-01-01 0 days 1,601 sqft
    2022-02-01 0 days 1,585 sqft
    2022-03-01 0 days 1,624 sqft
    2022-04-01 0 days 1,808 sqft
    2022-05-01 0 days 1,801 sqft
    2022-06-01 0 days 1,679 sqft
    2022-07-01 0 days 1,674 sqft
    2022-08-01 0 days 1,658 sqft
    2022-09-01 0 days 1,655 sqft
    2022-10-01 0 days 1,621 sqft
    2022-11-01 0 days 1,668 sqft
    2022-12-01 0 days 1,732 sqft
    2023-01-01 0 days 1,690 sqft
    2023-02-01 0 days 1,715 sqft
    2023-03-01 0 days 1,772 sqft
    2023-04-01 0 days 1,723 sqft
    2023-05-01 0 days 1,757 sqft
    2023-06-01 0 days 1,674 sqft
    2023-07-01 0 days 1,514 sqft
    2023-08-01 0 days 1,571 sqft
    2023-09-01 0 days 1,673 sqft
    2023-10-01 0 days 1,572 sqft
    2023-11-01 0 days 1,606 sqft
    2023-12-01 0 days 1,711 sqft
    2024-01-01 0 days 1,672 sqft
    2024-02-01 0 days 1,540 sqft
    2024-03-01 0 days 1,707 sqft
    Woodward's median listing age (time on market) for 2024-03-01 was 0 days.

    Woodward's median square footage for active listings during the 2024-03-01 period was 1,707 sqft. One year prior, the average listing was 1,772 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.