Oklahoma VA Loan Rates, Closing Costs & Stats

Oklahoma

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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.

    Oklahoma VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Oklahoma averaged 6.19% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

    Oklahoma's average VA mortgage closing costs are $5,414.

    The average rate for the prior week (2023-05-19) was 6.02% and one month ago for the week of 2023-04-21, the average rate was 5.94%.

    The average rate one year ago was 4.91%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.63%.

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

    Oklahoma 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 Oklahoma level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 1,722 5.05% $5,882
    QUICKEN LOANS, LLC 571 4.25% $9,255
    First United Bank and Trust Company 461 4.77% $7,935
    NAVY FEDERAL CREDIT UNION 412 4.04% $5,738
    USAA Federal Savings Bank 343 4.51% $7,504
    UNITED WHOLESALE MORTGAGE, LLC 284 4.63% $8,126
    FREEDOM MORTGAGE CORPORATION 264 4.63% $10,230
    CORNERSTONE HOME LENDING, INC. 263 5.04% $7,598
    PENNYMAC LOAN SERVICES, LLC 225 3.73% $7,145
    NEW DAY FINANCIAL, LLC 221 5.08% $9,333
    LOANDEPOT.COM, LLC 194 4.39% $8,426
    ASSOCIATED MORTGAGE CORPORATION 187 4.96% $9,510
    Gateway First Bank 169 4.96% $7,069
    Stride Bank 143 4.86% $9,890
    MORTGAGE SOLUTIONS OF COLORADO, LLC 137 5.72% $7,238
    FLAT BRANCH MORTGAGE, INC. 102 4.83% $7,958
    Arvest Bank 99 4.71% $6,045
    Mr. Cooper ( Nationstar Mortgage ) 93 4.69% $8,449
    GUARANTEED RATE, INC. 93 4.68% $6,594
    CROSSCOUNTRY MORTGAGE, LLC 89 4.96% $8,164
    The Federal Savings Bank 87 4.76% $13,249
    PRIMELENDING, A PLAINSCAPITAL COMPANY 87 4.82% $6,862
    BOKF 83 4.74% $7,776
    CALIBER HOME LOANS, INC. 82 4.41% $7,336
    EVERETT FINANCIAL, INC. 80 5.29% $5,325
    LEADERONE FINANCIAL CORPORATION 76 4.30% $8,092
    Hometown Lenders, Inc. 73 4.98% $12,070
    Great Plains National Bank 66 5.13% $7,993
    AMERISAVE MORTGAGE CORPORATION 63 4.34% $10,840
    CARDINAL FINANCIAL 61 5.14% $10,600
    Barrington Bank & Trust Company, N.A. 61 4.56% $5,748
    CWM PARTNERS, L.P. 57 4.36% $6,878
    DHI MORTGAGE COMPANY, LTD. 57 4.07% $7,663
    HOME POINT FINANCIAL CORPORATION 56 4.39% $6,491
    GUILD MORTGAGE COMPANY 51 4.84% $8,249
    PENTAGON FEDERAL CREDIT UNION 50 3.43% $5,834
    Chickasaw Community Bank 50 4.90% $7,168
    NBKC BANK 50 4.12% $8,903
    Wells Fargo Bank 49 3.89% $5,496
    FINANCIAL CONCEPTS MORTGAGE, LLC 47 4.19% $6,160
    Flagstar Bank, FSB 44 4.66% $10,582
    BancFirst 44 4.77% $7,351
    BROKER SOLUTIONS, INC. 43 5.07% $9,147
    United Fidelity Funding Corp. 43 5.22% $9,738
    MOVEMENT MORTGAGE, LLC 42 4.89% $6,752
    VILLAGE CAPITAL MORTGAGE 42 3.49% $5,201
    American Bank of Oklahoma 42 4.47% $7,929
    NEWREZ LLC 38 4.11% $6,834
    F & M Bank 38 4.58% $7,646
    LAKEVIEW LOAN SERVICING, LLC 35 3.81% $5,113
    CMG MORTGAGE, INC. 35 4.79% $7,577
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 34 4.68% $7,559
    Carrington Mortgage Services, LLC 29 4.64% $7,893
    PLAZA HOME MORTGAGE, INC. 29 5.08% $9,725
    INTERLINC MORTGAGE SERVICES, LLC 29 5.28% $6,044
    US MORTGAGE CORPORATION 28 5.17% $8,678
    AMERICAN PACIFIC MORTGAGE CORPORATION 28 5.42% $9,506
    PLANET HOME LENDING, LLC 27 4.18% $6,413
    FBC MORTGAGE, LLC 27 5.00% $5,822
    North American Savings Bank, F.S.B. 27 4.18% $5,379
    UNION HOME MORTGAGE CORP. 26 5.05% $6,709
    CERTAINTY HOME LOANS, LLC 26 4.68% $6,897
    U.S. Bank 25 4.68% $7,525
    LOANPAL, LLC 25 4.13% $10,087
    OPEN MORTGAGE, LLC 25 5.04% $8,300
    SWBC MORTGAGE CORPORATION 23 4.98% $9,817
    Paramount Residential Mortgage Group, Inc. 23 5.10% $10,268
    Magnolia Bank 21 4.43% $10,551
    FIRST AMERICAN MORTGAGE, INC. 21 4.87% $7,096
    Firstar Bank 20 4.83% $5,134
    HOMEBRIDGE FINANCIAL SERVICES, INC. 20 4.73% $7,754
    AMCAP MORTGAGE, LTD. 19 5.12% $9,705
    MUTUAL OF OMAHA MORTGAGE, INC. 19 4.63% $7,524
    SOUTHWEST STAGE FUNDING, LLC 18 4.81% $2,969
    Tinker Federal Credit Union 17 5.20% $8,464
    AMERICAN FINANCING CORPORATION 17 4.08% $10,534
    Nations Lending Corporation 16 5.30% $12,701
    Low VA Rates, LLC 16 5.09% $12,942
    GUARANTY HOME MORTGAGE CORPORATION 15 4.84% $8,255
    Armed Forces Bank 14 4.14% $11,875
    Waterstone Mortgage Corporation 14 4.65% $9,357
    RCB Bank 14 4.42% $6,316
    Network Funding, L.P. 12 4.20% $9,636
    BAY EQUITY LLC 11 5.01% $7,538
    Atlantic Coast Mortgage, LLC 11 4.78% $9,721
    Texana Bank 11 4.28% $9,831
    MidFirst Bank 11 3.63% $6,376
    MID AMERICA MORTGAGE, INC. 11 4.94% $4,567
    Citizens Bank 10 4.81% $5,478
    Mortgage Investment Services Corporation 10 4.55% $9,203
    First Liberty Bank 10 4.83% $6,243
    The Central Trust Bank 9 4.57% $9,941
    BNC National Bank 9 3.76% $10,084
    TJC Mortgage, Inc. 8 4.64% $5,609
    ACADEMY MORTGAGE CORPORATION 8 4.86% $8,987
    ROYAL UNITED MORTGAGE LLC 8 4.97% $9,514
    Equity Prime Mortgage LLC 8 5.89% $8,824
    First Federal Bank 8 5.82% $5,786
    First Guaranty Mortgage Corporation 7 3.50% $11,380
    NTFN, INC. 7 4.84% $4,655
    Plains Commerce Bank 7 5.07% $8,481
    SENTE MORTGAGE, INC. 7 3.91% $10,516
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 4.38% $13,124
    SUN WEST MORTGAGE COMPANY, INC. 7 4.10% $8,502
    Bank of England 6 4.56% $8,579
    Armstrong Bank 6 4.77% $5,682
    Goldwater Bank, N.A. 6 4.52% $6,651
    HOMESIDE FINANCIAL, LLC 6 4.81% $7,866
    JPMorgan Chase Bank 5 4.47% $6,106
    Century Mortgage Company DBA Century Lending Company 5 5.38% $8,086
    CHURCHILL MORTGAGE CORPORATION 5 5.00% $6,060
    CONTOUR MORTGAGE CORPORATION 5 6.03% $10,111
    Fidelity Bank 5 5.08% $6,099
    Servion, Inc. 5 4.30% $7,932
    SOVEREIGN LENDING GROUP INCORPORATED 5 4.65% $7,519
    Strong Home Mortgage, LLC 5 4.58% $11,945
    Watermark Capital, Inc. 5 4.25% $10,760
    PREMIA MORTGAGE, LLC 4 5.34% $2,448
    Bank of America 4 3.88% $3,402
    Sierra Pacific Mortgage Company, Inc. 4 5.63% $9,648
    First Western Trust Bank 4 5.34% $8,537
    GSF Mortgage Corporation 4 5.09% $9,683
    Community First National Bank 4 3.75% $9,138
    TTCU Federal Credit Union 4 5.03% $5,208
    FirstTrust Home Loans, Inc. 4 5.19% $1,033
    Wyndham Capital Mortgage, Inc. 4 4.38% $7,739
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 5.06% $10,559
    EMBRACE HOME LOANS, INC. 4 4.25% $7,907
    Regent Financial Group, Inc. 4 4.28% $6,364
    Sunflower Bank 3 4.79% $12,360
    First Home Bank 3 5.04% $10,686
    KELLER MORTGAGE, LLC 3 4.29% $7,437
    NETWORK CAPITAL FUNDING CORPORATION 3 5.42% $10,123
    RUOFF MORTGAGE COMPANY, INC. 3 4.96% $10,579
    Capital Bank 3 4.42% $7,866
    COMMUNICATION 3 5.71% $4,946
    PHH Mortgage Corporation 3 4.54% $3,939
    SpiritBank 3 3.75% $7,036
    Truist 3 4.22% $5,866
    First Savings Bank 3 3.29% $13,274
    MORTGAGEONE, INC. 3 5.29% $7,729
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 3.83% $4,242
    AMERICAN FINANCIAL RESOURCES, INC. 3 5.38% $6,170
    VAN DYK MORTGAGE CORPORATION 3 5.50% $9,587
    International Bank of Commerce 2 4.00% $9,031
    Prosperity Home Mortgage, LLC 2 5.31% $4,101
    GENEVA FINANCIAL, LLC 2 5.00% $7,516
    FirstBank 2 3.63% $7,748
    NexBank 2 4.06% $4,614
    RESIDENTIAL BANCORP. 2 3.74% $5,579
    NFM, INC. 2 5.88% $4,397
    SeaTrust Mortgage Company 2 6.50% $5,057
    Service Federal Credit Union 2 4.63% $1,933
    SFMC, LP 2 4.25% $7,117
    Northpointe Bank 2 5.69% $7,893
    M&T Bank 2 4.44% $9,771
    NATIONS DIRECT MORTGAGE, LLC 2 3.75% $13,160
    FINANCE OF AMERICA MORTGAGE LLC 2 3.75% $4,225
    CHERRY CREEK MORTGAGE, LLC 2 4.06% $2,735
    Paramount Bank 2 4.56% $9,069
    First National Bank Texas 2 4.44% $7,557
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 4.69% $5,020
    GUARANTEED RATE AFFINITY, LLC 2 3.88% $7,860
    Town Square Mortgage & Investments, Inc. 2 5.31% $8,040
    Eagle Bank and Trust Company 2 4.56% $3,831
    INTERCAP LENDING INC. 2 5.19% $2,370
    MORTGAGE FINANCIAL SERVICES, LLC 2 5.06% $7,224
    AmeriHome Mortgage Company, LLC 2 5.81% $9,654
    DAS Acquisition Company, LLC 2 4.56% $10,642
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 4.88% $9,232
    American Mortgage Bank, LLC 2 6.25% $7,386
    Amerifirst Financial, Inc. 1 6.88% $9,467
    JAMES B. NUTTER & COMPANY 1 5.99% $3,607
    Academy Bank 1 2.75% $5,832
    Unify Home Lending Inc. 1 6.63% $6,651
    LEGEND LENDING CORPORATION 1 7.25% $26,124
    LIBERTY HOME MORTGAGE CORPORATION 1 2.25% $10,181
    HOMESTAR FINANCIAL CORPORATION 1 5.75% $941
    MEMBER FIRST MORTGAGE, LLC 1 2.50% $10,359
    Meridian Bank Corporation 1 3.25% $36,698
    Midwest Mortgage Associates Corporation 1 2.75% $12,095
    MORTGAGE ACCESS CORP. 1 5.00% $9,028
    MORTGAGE CLEARING CORPORATION 1 5.25% $4,579
    FORT SILL 1 3.13% $3,524
    F&M Bank 1 4.25% $12,097
    First Oklahoma Mortgage, LLC 1 2.88% $10,953
    NATIONS RELIABLE LENDING, LLC 1 4.63% $8,593
    First Internet Bank of Indiana 1 4.75% $2,602
    NBH Bank 1 6.13% $7,120
    Neighborhood Loans, Inc. 1 6.63% $4,925
    First Federal Bank of Kansas City 1 5.50% $18,958
    FIRST COMMUNITY MORTGAGE, INC. 1 3.88% $2,891
    First Bank 1 6.75% $15,038
    NP, Inc. 1 2.75% $7,971
    First Bank 1 2.75% $2,957
    Old National Bank 1 5.25% $3,241
    ON Q FINANCIAL, INC. 1 6.75% $31,960
    ONY GLO, INC. 1 5.25% $3,725
    Fifth Third Bank 1 2.75% $5,264
    FIDELITY BANK 1 5.25% $11,901
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 5.63% $15,598
    DRAPER AND KRAMER MORTGAGE CORP. 1 5.63% $5,597
    Princeton Mortgage Corporation 1 7.25% $7,182
    PROPER RATE, LLC 1 6.13% $2,974
    Prosperity Bank 1 3.50% $5,192
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 4.50% $5,345
    Cornerstone First Mortgage, Inc 1 4.00% $13,008
    Regions Bank 1 5.25% $8,390
    Renasant Bank 1 2.99% $16,687
    Core Bank 1 5.75% $5,134
    S1L, Inc. 1 3.25% $9,984
    AMERICAN INTERNET MORTGAGE, INC. 1 4.13% $11,835
    Springfield First Community Bank 1 5.25% $3,710
    Stifel Bank and Trust 1 4.50% $7,246
    CLEARPATH LENDING 1 3.75% $12,452
    SUCCESS MORTGAGE PARTNERS, INC. 1 5.13% $17,718
    SUMMIT FUNDING, INC. 1 4.88% $2,696
    City Bank 1 5.38% $5,644
    Chambers Bank 1 2.50% $3,071
    CASTLE & COOKE MORTGAGE, LLC 1 4.63% $16,546
    The Huntington National Bank 1 3.38% $20,094
    TIB The Independent Bankersbank 1 6.00% $9,843
    CANOPY MORTGAGE, LLC 1 5.63% $20,411
    Bank of the West 1 6.38% $3,447
    UMB Bank 1 3.50% $11,591
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 4.25% $7,516
    United Community Bank 1 2.75% $3,049
    Austin Capital Bank SSB 1 5.25% $13,463

    The top Oklahoma VA lender as defined by loan originations is Mortgage Research Center, LLC, with 1,722 VA loans originated. Their average total fees are $5,882, which is $3,373 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Oklahoma VA lenders (with over 10 loans originated) are SOUTHWEST STAGE FUNDING, LLC ($2,969), MID AMERICA MORTGAGE, INC. ($4,567), LAKEVIEW LOAN SERVICING, LLC ($5,113), Firstar Bank ($5,134) and VILLAGE CAPITAL MORTGAGE ($5,201).

    The lowest rate Oklahoma VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION (3.43%), VILLAGE CAPITAL MORTGAGE (3.49%), MidFirst Bank (3.63%), PENNYMAC LOAN SERVICES, LLC (3.73%) and LAKEVIEW LOAN SERVICING, LLC (3.81%).

    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.