Oklahoma VA Loan Rates, Closing Costs & Stats

Oklahoma

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 6.71% for the week of 2024-05-24, compared to the national average (all VA variants) of 6.567% for the same period.

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

The average rate for the prior week (2024-05-17) was 6.84% and one month ago for the week of 2024-04-19, the average rate was 7.11%.

The average rate one year ago was 6.38%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.7%.

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.