Boise City VA Loan Rates, Closing Costs & Stats

BOISE CITY, ID

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.

Boise City's 167 lenders originated 5,315 VA loans during 2021. The total origination value was $1,847,025,000, with an average VA loan value of $347,512.

Boise City VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Boise City averaged 6.47% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

Boise City's average VA mortgage closing costs are $6,921.

The average rate for the prior week (2022-11-25) was 6.81% and one month ago for the week of 2022-10-28, the average rate was 7.1%.

The average rate one year ago was 3.58%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.58%.

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

Boise City 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 Boise City level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 478 2.42% $6,802
FREEDOM MORTGAGE CORPORATION 308 2.47% $4,581
Mortgage Research Center, LLC 217 2.78% $8,119
IDAHO CENTRAL 210 2.50% $6,815
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 197 2.78% $9,997
GUILD MORTGAGE COMPANY 169 2.65% $8,669
PENNYMAC LOAN SERVICES, LLC 161 2.38% $7,339
LAKEVIEW LOAN SERVICING, LLC 159 2.44% $3,202
LOANDEPOT.COM, LLC 150 2.45% $6,279
UNITED WHOLESALE MORTGAGE, LLC 141 2.44% $8,150
NEW DAY FINANCIAL, LLC 123 2.73% $8,374
MOVEMENT MORTGAGE, LLC 123 2.88% $8,617
CALIBER HOME LOANS, INC. 111 2.54% $5,460
Willamette Valley Bank 94 2.72% $7,950
PREMIER MORTGAGE RESOURCES, L.L.C. 84 2.83% $10,319
NAVY FEDERAL CREDIT UNION 83 2.48% $6,213
GUARANTEED RATE, INC. 83 2.57% $7,526
VILLAGE CAPITAL MORTGAGE 82 2.24% $4,187
Flagstar Bank, FSB 78 2.59% $7,348
CLEARPATH LENDING 77 2.39% $6,933
USAA Federal Savings Bank 74 2.78% $4,699
The Federal Savings Bank 70 2.50% $9,961
FINANCE OF AMERICA MORTGAGE LLC 64 2.82% $10,809
ARK-LA-TEX FINANCIAL SERVICES, LLC. 63 2.75% $10,586
HOMEBRIDGE FINANCIAL SERVICES, INC. 55 2.49% $7,496
HOME POINT FINANCIAL CORPORATION 52 2.45% $6,389
S1L, Inc. 46 2.89% $10,472
PRIMELENDING, A PLAINSCAPITAL COMPANY 40 2.83% $10,392
TBI MORTGAGE COMPANY 38 2.75% $9,100
ACADEMY MORTGAGE CORPORATION 38 2.80% $9,895
AMERICAN PACIFIC MORTGAGE CORPORATION 32 2.71% $8,044
LOANPAL, LLC 32 2.47% $11,224
PLANET HOME LENDING, LLC 31 2.45% $4,650
Mr. Cooper ( Nationstar Mortgage ) 30 2.73% $5,507
AMERICAN FINANCIAL NETWORK, INC. 30 2.45% $9,923
Low VA Rates, LLC 29 2.31% $5,483
NEWREZ LLC 29 2.72% $4,789
SUMMIT FUNDING, INC. 28 2.94% $13,824
AMERISAVE MORTGAGE CORPORATION 28 2.50% $8,379
BROKER SOLUTIONS, INC. 28 2.62% $8,795
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 26 3.06% $10,199
Wyndham Capital Mortgage, Inc. 24 2.40% $6,293
CMG MORTGAGE, INC. 24 2.52% $10,340
PRIMARY RESIDENTIAL MORTGAGE, INC. 23 3.41% $13,662
Wells Fargo Bank 22 2.59% $5,457
Waterstone Mortgage Corporation 21 2.80% $8,278
MUTUAL OF OMAHA MORTGAGE, INC. 20 2.67% $8,129
PACIFIC RESIDENTIAL MORTGAGE, LLC 20 2.77% $8,499
Barrington Bank & Trust Company, N.A. 19 2.71% $8,428
NP, Inc. 18 2.62% $10,132
Magnolia Bank 18 2.44% $12,347
Gateway First Bank 18 2.97% $13,433
BNC National Bank 18 2.28% $5,570
First Home Bank 17 2.58% $11,529
North American Savings Bank, F.S.B. 17 2.33% $3,427
NBKC BANK 16 2.38% $7,646
AXIA FINANCIAL, LLC 16 2.73% $5,940
Bank of England 15 2.59% $10,626
Carrington Mortgage Services, LLC 13 2.83% $5,135
SOVEREIGN LENDING GROUP INCORPORATED 13 2.62% $9,120
Lend Smart Mortgage, LLC 12 2.57% $10,478
PENTAGON FEDERAL CREDIT UNION 12 2.33% $4,855
Umpqua Bank 11 2.72% $8,043
D. L. Evans Bank 10 2.49% $8,259
AMCAP MORTGAGE, LTD. 10 2.71% $15,048
Strong Home Mortgage, LLC 9 2.44% $4,805
Glacier Bank 9 2.47% $6,838
CROSSCOUNTRY MORTGAGE, LLC 8 2.89% $8,214
STEARNS LENDING, LLC 8 2.80% $6,126
Summit Mortgage Corporation 8 2.55% $8,671
SUN WEST MORTGAGE COMPANY, INC. 8 2.36% $3,887
First Guaranty Mortgage Corporation 8 2.58% $6,935
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 8 2.72% $10,240
AMERICAN FINANCING CORPORATION 8 2.50% $6,458
Banner Bank 7 2.36% $6,963
MOUNTAIN AMERICA 7 2.41% $5,957
Nations Lending Corporation 6 3.10% $10,485
First Federal Savings Bank of Twin Falls 6 2.40% $9,247
CITYWIDE HOME LOANS, LLC 6 2.67% $6,583
ACCELERATE MORTGAGE, LLC 5 2.40% $8,249
Bank of Idaho 5 2.59% $3,321
CALCON MUTUAL MORTGAGE LLC 5 2.90% $5,641
JMJ FINANCIAL GROUP 5 2.75% $13,748
First Federal Bank of Kansas City 5 2.30% $3,402
Paramount Residential Mortgage Group, Inc. 5 2.80% $3,666
First Federal Bank 5 2.80% $12,893
KELLER MORTGAGE, LLC 4 2.63% $11,395
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 2.50% $8,256
CHURCHILL MORTGAGE CORPORATION 4 2.72% $11,552
Commerce Home Mortgage, Inc. 4 2.38% $6,549
LEADERONE FINANCIAL CORPORATION 4 2.97% $7,961
LENDUS, LLC 4 2.25% $3,053
M&T Bank 4 2.72% $5,160
Prime Choice Funding Inc. 4 2.38% $7,813
U.S. Bank 4 2.59% $12,517
BAY EQUITY LLC 3 2.79% $19,479
Watermark Capital, Inc. 3 2.63% $12,206
DHA FINANCIAL, LLC 3 2.42% $1,605
First Savings Bank 3 2.54% $33,006
FIRST COLONY MORTGAGE CORPORATION 3 2.96% $8,863
GENEVA FINANCIAL, LLC 3 2.71% $9,061
GUARANTEED RATE AFFINITY, LLC 3 2.58% $4,726
HomeStreet Bank 3 2.46% $4,440
CANOPY MORTGAGE, LLC 3 2.38% $8,880
NBH Bank 3 2.50% $6,033
AmeriHome Mortgage Company, LLC 2 2.88% $3,298
SECURITYNATIONAL MORTGAGE COMPANY 2 2.94% $8,336
KeyBank 2 2.69% $12,440
SOUTHWEST STAGE FUNDING, LLC 2 3.06% $5,521
DATA MORTGAGE, INC. 2 3.13% $6,535
Community First National Bank 2 2.63% $3,435
KS StateBank 2 2.50% $3,136
FirstBank 2 2.63% $1,177
PREMIA MORTGAGE, LLC 2 2.38% $11,621
Capital Bank 2 2.38% $14,583
ZILLOW HOME LOANS, LLC 2 2.63% $3,806
Truist 2 2.56% $4,103
First Mortgage Solutions, LLC 2 2.25% $10,642
BELEM SERVICING LLC 2 1.75% $12,794
Mid-Continent Funding, Inc. 2 2.38% $3,865
VERITAS FUNDING, LLC 2 2.56% $6,690
RANLIFE, INC. 1 3.25% $2,348
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.38% $4,471
SAMMAMISH MORTGAGE COMPANY 1 2.38% $40,591
SIRVA MORTGAGE, INC. 1 3.63% $6,006
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 2.25% $25,267
Citizens Bank 1 2.25% $4,135
CHERRY CREEK MORTGAGE, LLC 1 2.50% $18,345
CASTLE & COOKE MORTGAGE, LLC 1 2.63% $5,643
Texana Bank 1 2.25% $23,139
The Central Trust Bank 1 2.25% $3,370
BOKF 1 3.13% $4,230
UNITED SECURITY FINANCIAL CORP 1 1.75% $5,199
BKCO MORTGAGE, LLC 1 3.25% $5,776
Zions Bancorporation, N.A. 1 2.75% $3,050
ARC HOME LLC 1 2.50% $12,240
WESTERN EXPRESS LENDING 1 2.75% $2,235
WESTMARK Credit Union 1 2.75% $10,667
AMERICAN INTERNET MORTGAGE, INC. 1 2.25% $2,351
LIBERTY HOME MORTGAGE CORPORATION 1 2.88% $37,332
LOANLEADERS OF AMERICA, INC. 1 2.25% $4,963
LADERA LENDING, INC. 1 2.75% $4,945
Meridian Bank Corporation 1 2.50% $5,980
MID AMERICA MORTGAGE, INC. 1 2.75% $1,649
MORTGAGE ACCESS CORP. 1 2.75% $3,826
Ixonia Bank 1 2.38% $12,459
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $2,886
InterContinental Capital Group, Inc 1 3.75% $3,372
INTERCAP LENDING INC. 1 2.75% $8,303
HORIZON 1 2.38% $10,016
AMERICAN FINANCIAL RESOURCES, INC. 1 2.75% $10,621
HOMESTEAD FUNDING CORP. 1 2.25% $2,020
HOMESPIRE MORTGAGE CORPORATION 1 2.75% $2,372
Goldwater Bank, N.A. 1 2.63% $17,599
Franklin Loan Corporation 1 3.13% $3,527
Northpointe Bank 1 2.25% $3,469
Florida Capital Bank 1 2.25% $20,769
OCEANSIDE MORTGAGE COMPANY 1 2.88% $754
OCMBC, INC. 1 3.25% $23,894
Paramount Bank 1 2.25% $10,883
First Interstate Bank 1 2.75% $16,591
PHH Mortgage Corporation 1 3.88% $1,942
EMBRACE HOME LOANS, INC. 1 2.63% $8,717
EAST IDAHO Credit Union 1 2.75% $11,846
Eagle Bank and Trust Company 1 3.00% $10,510
Prosperity Home Mortgage, LLC 1 2.50% $2,097
DIGNIFIED HOME LOANS, LLC 1 3.25% $708

The top Boise City VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 478 VA loans originated. Their average total fees are $6,802, which is $2,220 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Boise City VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($3,202), North American Savings Bank, F.S.B. ($3,427), VILLAGE CAPITAL MORTGAGE ($4,187), FREEDOM MORTGAGE CORPORATION ($4,581) and PLANET HOME LENDING, LLC ($4,650).

The lowest rate Boise City VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (2.24%), BNC National Bank (2.28%), Low VA Rates, LLC (2.31%), North American Savings Bank, F.S.B. (2.33%) and PENTAGON FEDERAL CREDIT UNION (2.33%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Boise City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $299,495 (15.3%) $375,872 (15.1%) 1.11 2,217
2018-02-01 $313,000 (17.3%) $392,118 (17.7%) 1.14 1,945
2018-03-01 $318,995 (15.7%) $399,375 (14.3%) 1.12 1,934
2018-04-01 $329,950 (14.2%) $413,893 (14.4%) 1.12 1,956
2018-05-01 $341,243 (17.1%) $427,988 (14.8%) 1.14 2,033
2018-06-01 $343,990 (18.6%) $424,503 (14.1%) 1.15 2,228
2018-07-01 $343,020 (19.9%) $424,092 (15.8%) 1.14 2,336
2018-08-01 $343,945 (21.5%) $419,045 (14.9%) 1.15 2,465
2018-09-01 $339,000 (19.0%) $410,626 (11.7%) 1.14 2,744
2018-10-01 $333,400 (15.0%) $412,428 (10.5%) 1.13 2,931
2018-11-01 $334,450 (13.2%) $417,975 (10.6%) 1.13 2,833
2018-12-01 $336,990 (12.7%) $420,220 (10.8%) 1.16 2,526
2019-01-01 $339,000 (13.2%) $423,886 (12.8%) 1.17 2,305
2019-02-01 $339,945 (8.6%) $430,836 (9.9%) 1.15 2,233
2019-03-01 $346,423 (8.6%) $434,626 (8.8%) 1.13 2,259
2019-04-01 $357,450 (8.3%) $442,455 (6.9%) 1.13 2,270
2019-05-01 $368,500 (8.0%) $453,272 (5.9%) 1.15 2,395
2019-06-01 $373,100 (8.5%) $460,007 (8.4%) 1.17 2,599
2019-07-01 $374,091 (9.1%) $460,623 (8.6%) 1.17 2,747
2019-08-01 $367,535 (6.9%) $455,318 (8.7%) 1.16 2,817
2019-09-01 $363,240 (7.2%) $448,790 (9.3%) 1.16 2,921
2019-10-01 $359,900 (8.0%) $444,438 (7.8%) 1.16 2,978
2019-11-01 $364,912 (9.1%) $446,522 (6.8%) 1.20 2,727
2019-12-01 $366,734 (8.8%) $447,513 (6.5%) 1.22 2,403
2020-01-01 $369,900 (9.1%) $448,591 (5.8%) 1.24 2,135
2020-02-01 $378,384 (11.3%) $458,843 (6.5%) 1.24 1,920
2020-03-01 $383,950 (10.8%) $478,001 (10.0%) 1.20 1,865
2020-04-01 $386,450 (8.1%) $477,883 (8.0%) 1.21 2,292
2020-05-01 $389,900 (5.8%) $486,929 (7.4%) 1.19 2,322
2020-06-01 $393,973 (5.6%) $494,030 (7.4%) 1.16 1,906
2020-07-01 $399,950 (6.9%) $511,994 (11.2%) 1.16 1,484
2020-08-01 $399,990 (8.8%) $522,312 (14.7%) 1.15 1,180
2020-09-01 $407,743 (12.3%) $534,883 (19.2%) 1.17 982
2020-10-01 $425,000 (18.1%) $545,737 (22.8%) 1.22 878
2020-11-01 $441,051 (20.9%) $571,319 (28.0%) 1.29 775
2020-12-01 $436,125 (18.9%) $554,968 (24.0%) 1.30 679
2021-01-01 $444,990 (20.3%) $582,883 (29.9%) 1.33 569
2021-02-01 $467,695 (23.6%) $605,178 (31.9%) 1.36 532
2021-03-01 $477,470 (24.4%) $618,661 (29.4%) 1.35 638
2021-04-01 $485,295 (25.6%) $642,356 (34.4%) 1.31 741
2021-05-01 $515,000 (32.1%) $689,675 (41.6%) 1.36 923
2021-06-01 $533,293 (35.4%) $691,412 (40.0%) 1.40 1,255
2021-07-01 $538,500 (34.6%) $684,672 (33.7%) 1.42 1,577
2021-08-01 $531,564 (32.9%) $671,546 (28.6%) 1.42 1,963
2021-09-01 $525,450 (28.9%) $660,468 (23.5%) 1.40 2,219
2021-10-01 $529,990 (24.7%) $661,413 (21.2%) 1.41 2,206
2021-11-01 $529,998 (20.2%) $674,191 (18.0%) 1.42 1,944
2021-12-01 $542,450 (24.4%) $679,305 (22.4%) 1.47 1,496
2022-01-01 $559,000 (25.6%) $696,046 (19.4%) 1.51 1,095
2022-02-01 $585,673 (25.2%) $737,588 (21.9%) 1.52 912
2022-03-01 $592,448 (24.1%) $757,119 (22.4%) 1.48 1,028
2022-04-01 $612,950 (26.3%) $773,111 (20.4%) 1.46 1,254
2022-05-01 $619,450 (20.3%) $784,419 (13.7%) 1.42 2,001
2022-06-01 $585,125 (9.7%) $736,621 (6.5%) 1.30 2,934
2022-07-01 $569,000 (5.7%) $706,591 (3.2%) 1.29 3,740
2022-08-01 $552,500 (3.9%) $687,630 (2.4%) 1.28 4,010
2022-09-01 $549,900 (4.7%) $681,795 (3.2%) 1.29 4,063
2022-10-01 $539,900 (1.9%) $675,707 (2.2%) 1.27 3,973
2022-11-01 $522,458 (-1.4%) $665,166 (-1.3%) 1.26 3,633
Boise City's median listing price for 2022-11-01 was $522,458, a difference of $-7,540 (-1.4%) versus the prior year and $-17,442 versus the prior month.

Boise City's median listing price comes in at 126% of the national average.

Boise City's average listing price for 2022-11-01 was $665,166, a difference of $-9,025 (-1.3%) versus the prior year and $-10,541 versus the prior month.

For the 2022-11-01 period, Boise City had 3,633 MLS listings, a difference of -340 listings (-9%) versus the prior month and 1,689 listings (87%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Boise City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 60 days 2,238 sqft
2018-02-01 42 days 2,278 sqft
2018-03-01 29 days 2,228 sqft
2018-04-01 26 days 2,196 sqft
2018-05-01 23 days 2,224 sqft
2018-06-01 25 days 2,224 sqft
2018-07-01 29 days 2,219 sqft
2018-08-01 31 days 2,195 sqft
2018-09-01 33 days 2,141 sqft
2018-10-01 38 days 2,128 sqft
2018-11-01 44 days 2,119 sqft
2018-12-01 52 days 2,120 sqft
2019-01-01 56 days 2,127 sqft
2019-02-01 41 days 2,117 sqft
2019-03-01 36 days 2,120 sqft
2019-04-01 33 days 2,146 sqft
2019-05-01 30 days 2,211 sqft
2019-06-01 33 days 2,243 sqft
2019-07-01 38 days 2,233 sqft
2019-08-01 39 days 2,189 sqft
2019-09-01 40 days 2,158 sqft
2019-10-01 40 days 2,133 sqft
2019-11-01 51 days 2,135 sqft
2019-12-01 59 days 2,153 sqft
2020-01-01 60 days 2,132 sqft
2020-02-01 44 days 2,110 sqft
2020-03-01 32 days 2,139 sqft
2020-04-01 33 days 2,160 sqft
2020-05-01 52 days 2,176 sqft
2020-06-01 59 days 2,179 sqft
2020-07-01 56 days 2,187 sqft
2020-08-01 53 days 2,111 sqft
2020-09-01 57 days 2,040 sqft
2020-10-01 59 days 2,025 sqft
2020-11-01 54 days 2,023 sqft
2020-12-01 57 days 1,968 sqft
2021-01-01 50 days 1,969 sqft
2021-02-01 36 days 1,977 sqft
2021-03-01 35 days 2,020 sqft
2021-04-01 34 days 2,007 sqft
2021-05-01 33 days 2,025 sqft
2021-06-01 26 days 2,025 sqft
2021-07-01 29 days 2,044 sqft
2021-08-01 29 days 2,022 sqft
2021-09-01 33 days 2,021 sqft
2021-10-01 42 days 2,025 sqft
2021-11-01 48 days 2,040 sqft
2021-12-01 50 days 2,052 sqft
2022-01-01 53 days 2,085 sqft
2022-02-01 30 days 2,119 sqft
2022-03-01 26 days 2,126 sqft
2022-04-01 29 days 2,139 sqft
2022-05-01 23 days 2,166 sqft
2022-06-01 26 days 2,100 sqft
2022-07-01 36 days 2,096 sqft
2022-08-01 47 days 2,095 sqft
2022-09-01 56 days 2,102 sqft
2022-10-01 62 days 2,110 sqft
2022-11-01 69 days 2,110 sqft
Boise City's median listing age (time on market) for 2022-11-01 was 69 days. This is 44% longer than the same period one year ago.

Boise City's median square footage for active listings during the 2022-11-01 period was 2,110 sqft. One year prior, the average listing was 2,040 sqft.

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.