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 6.8% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Oklahoma's average VA mortgage closing costs are $5,654.

    The average rate for the prior week (2024-04-12) was 6.73% and one month ago for the week of 2024-03-15, the average rate was 6.6%.

    The average rate one year ago was 6.09%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.19%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 1,354 6.81% $5,465
    NAVY FEDERAL CREDIT UNION 380 5.83% $5,532
    First United Bank and Trust Company 353 6.51% $8,722
    QUICKEN LOANS, LLC 292 6.22% $10,849
    UNITED WHOLESALE MORTGAGE, LLC 228 6.36% $7,914
    CORNERSTONE HOME LENDING, INC. 215 6.46% $6,187
    USAA Federal Savings Bank 212 6.29% $7,664
    ASSOCIATED MORTGAGE CORPORATION 210 6.42% $8,726
    MORTGAGE SOLUTIONS OF COLORADO, LLC 133 7.54% $3,640
    PENNYMAC LOAN SERVICES, LLC 118 5.77% $8,525
    NEW DAY FINANCIAL, LLC 115 7.51% $10,543
    Gateway First Bank 112 6.63% $6,920
    Stride Bank 107 6.48% $8,880
    FREEDOM MORTGAGE CORPORATION 101 6.67% $13,738
    GUARANTEED RATE, INC. 99 6.35% $5,498
    FLAT BRANCH MORTGAGE, INC. 99 6.73% $7,205
    Arvest Bank 78 6.47% $5,688
    LOANDEPOT.COM, LLC 72 6.37% $9,825
    The Federal Savings Bank 67 6.44% $15,764
    PRIMELENDING, A PLAINSCAPITAL COMPANY 53 6.72% $5,475
    DHI MORTGAGE COMPANY, LTD. 52 5.47% $6,783
    CROSSCOUNTRY MORTGAGE, LLC 51 6.47% $7,767
    VILLAGE CAPITAL MORTGAGE 50 6.31% $9,579
    BOKF 48 6.52% $8,826
    Mr. Cooper ( Nationstar Mortgage ) 47 6.03% $13,316
    The Central Trust Bank 46 6.45% $7,097
    CWM PARTNERS, L.P. 45 5.83% $4,040
    Barrington Bank & Trust Company, N.A. 45 6.55% $7,710
    NEWREZ LLC 45 6.49% $9,928
    CMG MORTGAGE, INC. 42 6.44% $9,472
    GUILD MORTGAGE COMPANY 39 6.77% $9,734
    First National Bank and Trust Company 39 6.70% $7,904
    EVERETT FINANCIAL, INC. 37 6.92% $8,583
    CARDINAL FINANCIAL 36 6.39% $10,516
    NBKC BANK 34 5.86% $5,980
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 32 6.30% $8,282
    OPEN MORTGAGE, LLC 29 6.33% $6,692
    F & M Bank 29 6.35% $6,293
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 29 6.66% $8,963
    PENTAGON FEDERAL CREDIT UNION 29 5.71% $8,236
    Firstar Bank 28 6.25% $7,378
    UNION HOME MORTGAGE CORP. 28 6.81% $7,456
    FINANCIAL CONCEPTS MORTGAGE, LLC 28 6.54% $6,897
    BancFirst 28 6.79% $8,835
    Great Plains National Bank 25 5.98% $5,925
    LOANPAL, LLC 25 6.22% $12,839
    American Bank of Oklahoma 25 6.23% $8,058
    INTERLINC MORTGAGE SERVICES, LLC 25 6.98% $6,626
    AMERISAVE MORTGAGE CORPORATION 25 6.00% $14,930
    Flagstar Bank, FSB 24 6.60% $8,457
    PLAZA HOME MORTGAGE, INC. 23 6.66% $11,382
    AMCAP MORTGAGE, LTD. 23 6.65% $10,629
    FIRST AMERICAN MORTGAGE, INC. 21 6.37% $5,847
    Paramount Residential Mortgage Group, Inc. 21 6.46% $9,875
    American Mortgage Bank, LLC 20 7.04% $7,411
    MUTUAL OF OMAHA MORTGAGE, INC. 20 6.20% $9,036
    SWBC MORTGAGE CORPORATION 19 7.01% $10,637
    BROKER SOLUTIONS, INC. 19 6.48% $11,680
    United Fidelity Funding Corp. 19 6.73% $10,239
    Wells Fargo Bank 18 6.08% $5,268
    AXIA FINANCIAL, LLC 18 6.58% $7,043
    AMERICAN FINANCIAL NETWORK, INC. 18 7.21% $6,947
    SUN WEST MORTGAGE COMPANY, INC. 17 6.51% $8,554
    Equity Prime Mortgage LLC 17 7.32% $6,072
    Chickasaw Community Bank 16 6.97% $7,845
    AMERICAN PACIFIC MORTGAGE CORPORATION 16 6.63% $9,099
    PLANET HOME LENDING, LLC 14 6.27% $9,373
    Armed Forces Bank 14 6.51% $7,730
    MLD MORTGAGE INC. 13 6.83% $7,417
    US MORTGAGE CORPORATION 13 6.98% $9,161
    THE MORTGAGE LINK, INC. 13 6.88% $9,507
    American Mortgage & Equity Consultants, Inc. 12 6.85% $6,231
    Bank of England 12 6.50% $9,203
    LAKEVIEW LOAN SERVICING, LLC 12 6.25% $9,924
    Plains Commerce Bank 12 6.25% $8,275
    TOWNE MORTGAGE COMPANY 11 6.83% $8,016
    SUCCESS MORTGAGE PARTNERS, INC. 11 7.00% $11,273
    Farmers Bank & Trust 11 5.95% $5,115
    Magnolia Bank 11 6.24% $17,038
    AmeriHome Mortgage Company, LLC 10 6.28% $8,849
    Atlantic Coast Mortgage, LLC 10 6.13% $10,670
    JPMorgan Chase Bank 10 6.48% $6,118
    U.S. Bank 10 6.45% $10,349
    HOMEBRIDGE FINANCIAL SERVICES, INC. 9 6.67% $5,870
    PREMIA MORTGAGE, LLC 9 6.14% $6,556
    Mortgage Investment Services Corporation 9 6.67% $11,404
    SENTE MORTGAGE, INC. 8 7.14% $12,234
    Tinker Federal Credit Union 8 6.84% $6,341
    RCB Bank 8 6.69% $6,926
    FBC MORTGAGE, LLC 7 5.82% $10,529
    NTFN, INC. 7 6.29% $5,736
    Waterstone Mortgage Corporation 7 6.84% $7,128
    MORTGAGEONE, INC. 7 7.50% $4,401
    First Liberty Bank 6 6.29% $8,332
    BNC National Bank 6 5.10% $10,019
    POLARIS HOME FUNDING CORP. 6 7.23% $12,528
    GUARANTEED RATE AFFINITY, LLC 6 6.29% $7,504
    MOVEMENT MORTGAGE, LLC 6 6.19% $8,505
    CALCON MUTUAL MORTGAGE LLC 5 6.48% $11,845
    Regent Financial Group, Inc. 5 7.03% $8,977
    Unify Home Lending Inc. 5 6.63% $5,093
    Citizens Bank 5 6.50% $6,654
    RESIDENTIAL BANCORP 5 6.70% $10,452
    Prosperity Bank 5 6.45% $7,616
    LEADERONE FINANCIAL CORPORATION 5 6.87% $5,607
    FORT SILL 4 6.56% $6,955
    Sierra Pacific Mortgage Company, Inc. 4 6.72% $9,177
    GENEVA FINANCIAL, LLC 4 6.78% $9,254
    Servion, Inc. 4 6.59% $7,352
    HOMESIDE FINANCIAL, LLC 4 7.25% $16,249
    ROYAL UNITED MORTGAGE LLC 4 7.06% $12,216
    Century Mortgage Company DBA Century Lending Company 4 6.28% $3,854
    CONTOUR MORTGAGE CORPORATION 4 6.84% $12,625
    Network Funding, L.P. 4 6.34% $11,078
    MID AMERICA MORTGAGE, INC. 4 7.09% $10,579
    DRAPER AND KRAMER MORTGAGE CORP. 4 6.28% $9,225
    Simmons Bank 4 6.09% $3,910
    DAS Acquisition Company, LLC 3 7.46% $7,105
    SFMC, LP 3 5.83% $7,982
    Nations Lending Corporation 3 6.50% $14,893
    EAGLE HOME MORTGAGE, LLC 3 5.04% $7,224
    MICHIGAN MUTUAL, INC. 3 7.63% $2,193
    SOUTHWEST STAGE FUNDING, LLC 3 6.50% $6,449
    MidFirst Bank 3 5.92% $4,139
    First Federal Bank 3 6.79% $7,383
    GSF Mortgage Corporation 3 6.46% $10,945
    Bank of America 3 6.42% $4,673
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 6.67% $15,359
    North American Savings Bank, F.S.B. 3 5.21% $2,952
    LEGEND LENDING CORPORATION 3 6.58% $10,026
    NFM, INC. 3 6.29% $11,986
    Northpointe Bank 3 6.25% $11,350
    NexBank 3 6.17% $6,173
    FIRST WESTERN MORTGAGE, INC. 2 7.00% $2,519
    AMERICAN FINANCING CORPORATION 2 6.31% $4,037
    Ameris Bank 2 6.75% $8,245
    Armstrong Bank 2 6.44% $3,364
    BancorpSouth 2 6.06% $5,635
    BAY EQUITY LLC 2 7.19% $5,859
    CALIBER HOME LOANS, INC. 2 5.63% $25,059
    Capital Bank 2 5.56% $3,809
    Carrington Mortgage Services, LLC 2 6.44% $1,463
    Encompass Lending Group, LP 2 6.63% $13,003
    First Bank 2 6.13% $14,343
    First Financial Bank 2 6.13% $5,307
    First Savings Bank 2 5.75% $11,648
    FirstTrust Home Loans, Inc. 2 6.19% $11,516
    GERSHMAN INVESTMENT CORP. 2 6.44% $10,495
    Goldwater Bank, N.A. 2 6.50% $5,804
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.56% $13,585
    Ixonia Bank 2 6.13% $3,712
    M&T Bank 2 6.13% $6,149
    NATIONS DIRECT MORTGAGE, LLC 2 6.88% $7,584
    NATIONWIDE MORTGAGE BANKERS, INC. 2 6.00% $6,214
    OKLAHOMA'S 2 6.81% $4,957
    PHH Mortgage Corporation 2 6.31% $7,530
    Prosperity Home Mortgage, LLC 2 5.75% $15,604
    S1L, Inc. 2 5.63% $14,015
    The Huntington National Bank 2 6.38% $5,231
    TJC Mortgage, Inc. 2 6.06% $6,389
    Truist 2 5.98% $4,389
    TTCU Federal Credit Union 2 7.38% $3,981
    VAN DYK MORTGAGE CORPORATION 2 6.75% $8,117
    Lincoln FSB of Nebraska 1 6.25% $3,249
    Assurance Financial Group, L.L.C. 1 7.75% $8,568
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.88% $4,215
    Leader Bank 1 6.13% $11,089
    JMJ FINANCIAL GROUP 1 7.50% $6,688
    Regions Bank 1 5.25% $3,624
    INTERCAP LENDING INC. 1 5.63% $6,141
    HOMETRUST MORTGAGE COMPANY 1 6.25% $5,454
    RUOFF MORTGAGE COMPANY, INC. 1 6.25% $6,777
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.63% $11,464
    SCOTT CREDIT UNION 1 6.50% $3,745
    SeaTrust Mortgage Company 1 7.13% $18,765
    HOMESTEAD FUNDING CORP. 1 5.50% $4,280
    GoPrime Mortgage, Inc. 1 6.88% $16,103
    GMFS LLC 1 7.25% $4,277
    GARDNER FINANCIAL SERVICES, LTD. 1 7.13% $8,373
    First State Bank of St. Charles, Missouri 1 6.38% $4,608
    First State Bank 1 7.13% $3,543
    First National Bank of Omaha 1 5.63% $12,641
    FIRST COLONY MORTGAGE CORPORATION 1 6.75% $7,299
    SUMMIT FUNDING, INC. 1 6.50% $23,682
    Sunflower Bank 1 5.63% $6,429
    Fidelity Bank 1 7.25% $6,687
    Farmers Bank & Trust Company 1 7.00% $4,560
    EVANSVILLE TEACHERS 1 5.75% $6,947
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 7.13% $5,474
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.13% $7,186
    Equity Bank 1 6.50% $9,729
    THRIVENT Federal Credit Union 1 6.50% $13,146
    TIB The Independent Bankersbank 1 7.75% $20,031
    EMBRACE HOME LOANS, INC. 1 5.88% $13,160
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.13% $807
    Credence Funding Corporation 1 5.88% $3,648
    Town Square Mortgage & Investments, Inc. 1 7.63% $2,659
    TRISTAR FINANCE, INC. 1 5.75% $6,481
    TruHome Solutions, LLC 1 6.13% $5,333
    V.I.P. MORTGAGE, INC. 1 5.75% $3,306
    American National Bank & Trust 1 5.25% $14,331
    Cornerstone First Mortgage, Inc 1 7.62% $8,077
    COMMUNITYAMERICA 1 7.75% $10,626
    UNION SQUARE 1 7.50% $3,958
    COMMUNICATION 1 7.13% $3,795
    Colonial Savings, F.A. 1 6.63% $5,701
    CASTLE & COOKE MORTGAGE, LLC 1 6.50% $18,515
    BECKAM FUNDING CORP. 1 6.50% $5,688
    US Employees O.C. Federal Credit Union 1 5.75% $11,973
    Old National Bank 1 6.13% $2,791
    NP, Inc. 1 6.88% $9,381
    NEW FED MORTGAGE, CORP. 1 7.63% $4,666
    MORTGAGE CLEARING CORPORATION 1 6.88% $3,445
    Meridian Bank Corporation 1 6.00% $5,940
    Presidential Bank, FSB 1 6.75% $6,270
    MEMBER FIRST MORTGAGE, LLC 1 7.13% $10,816

    The top Oklahoma VA lender as defined by loan originations is Mortgage Research Center, LLC, with 1,354 VA loans originated. Their average total fees are $5,465, which is $67 lower than the next largest lender, NAVY FEDERAL CREDIT UNION.

    The lowest fee Oklahoma VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,640), CWM PARTNERS, L.P. ($4,040), Farmers Bank & Trust ($5,115), Wells Fargo Bank ($5,268) and Mortgage Research Center, LLC ($5,465).

    The lowest rate Oklahoma VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.47%), PENTAGON FEDERAL CREDIT UNION (5.71%), PENNYMAC LOAN SERVICES, LLC (5.77%), CWM PARTNERS, L.P. (5.83%) and NAVY FEDERAL CREDIT UNION (5.83%).

    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.