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 -0.02% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

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

The average rate for the prior week (2023-11-17) was 7.03% and one month ago for the week of 2023-10-20, the average rate was 7.06%.

The average rate one year ago was 6.37%.

For refis of the same type during the week of 2023-11-24, the average rate was -0.88%.

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.