Blackfoot VA Loan Rates, Closing Costs & Stats

Blackfoot, ID

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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.

    Blackfoot's 30 lenders originated 99 VA loans during 2024. The total origination value was $38,885,000, with an average VA loan value of $392,778.

    Blackfoot VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Blackfoot averaged 6.55% for the week of 2025-06-27, compared to the national average (all VA variants) of 6.336% for the same period.

    Blackfoot's average VA mortgage closing costs are $7,426.

    The average rate for the prior week (2025-06-20) was 6.55% and one month ago for the week of 2025-05-23, the average rate was 6.73%.

    The average rate one year ago was 6.65%.

    For refis of the same type during the week of 2025-06-27, the average rate was 6.54%.

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

    Blackfoot 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 Blackfoot level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 14 5.67% $7,452
    FREEDOM MORTGAGE CORPORATION 11 6.06% $7,142
    Eagle Bank and Trust Company 9 5.75% $5,518
    Mortgage Research Center, LLC 8 6.15% $6,564
    IDAHO CENTRAL 8 6.03% $7,487
    QUICKEN LOANS, LLC 7 6.19% $12,639
    Barrington Bank & Trust Company, N.A. 3 6.58% $5,899
    FIRST COLONY MORTGAGE CORPORATION 3 6.08% $4,962
    PENNYMAC LOAN SERVICES, LLC 3 5.58% $11,386
    VILLAGE CAPITAL MORTGAGE 3 5.33% $5,561
    Glacier Bank 2 6.44% $5,521
    NAVY FEDERAL CREDIT UNION 2 5.06% $12,628
    MOUNTAIN AMERICA 2 5.31% $14,762
    VAN DYK MORTGAGE CORPORATION 2 6.19% $4,409
    GUILD MORTGAGE COMPANY 2 5.56% $8,291
    LADERA LENDING, INC. 1 6.25% $10,525
    AMERISAVE MORTGAGE CORPORATION 1 5.25% $16,623
    BELEM SERVICING LLC 1 6.88% $10,830
    BROKER SOLUTIONS, INC. 1 5.75% $3,714
    CANOPY MORTGAGE, LLC 1 5.99% $6,927
    CHURCHILL MORTGAGE CORPORATION 1 6.75% $5,155
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $5,685
    Farmers Bank & Trust 1 6.25% $68,352
    AMERICA FIRST 1 6.75% $8,244
    LOANDEPOT.COM, LLC 1 5.99% $13,915
    Magnolia Bank 1 5.38% $21,174
    NBKC BANK 1 6.00% $13,529
    NEWREZ LLC 1 5.75% $4,932
    Plains Commerce Bank 1 6.25% $9,621
    S1L, Inc. 1 6.25% $3,517

    The top Blackfoot VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 14 VA loans originated. Their average total fees are $7,452, which is $310 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee Blackfoot VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($7,142), UNITED WHOLESALE MORTGAGE, LLC ($7,452), .

    The lowest rate Blackfoot VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.67%), FREEDOM MORTGAGE CORPORATION (6.06%), .

    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.