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 112 lenders originated 1,242 VA loans during 2023. The total origination value was $541,380,000, with an average VA loan value of $435,894.

Boise City VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Boise City averaged 6.61% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

Boise City's average VA mortgage closing costs are $7,732.

The average rate for the prior week (2024-04-05) was 6.16% and one month ago for the week of 2024-03-08, the average rate was 6.09%.

The average rate one year ago was 5.58%.

For refis of the same type during the week of 2024-04-12, the average rate was 7.17%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 160 5.92% $9,087
Mortgage Research Center, LLC 104 6.58% $8,506
MOVEMENT MORTGAGE, LLC 65 6.28% $13,567
QUICKEN LOANS, LLC 61 6.10% $14,565
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 50 6.11% $8,172
AMERICAN PACIFIC MORTGAGE CORPORATION 49 6.58% $11,827
LOANDEPOT.COM, LLC 37 5.97% $16,442
PREMIER MORTGAGE RESOURCES, L.L.C. 27 6.27% $13,140
GUILD MORTGAGE COMPANY 26 6.25% $14,024
NAVY FEDERAL CREDIT UNION 22 5.78% $4,758
GUARANTEED RATE, INC. 21 6.09% $13,397
S1L, Inc. 20 6.39% $14,336
IDAHO CENTRAL 19 6.44% $10,338
PENNYMAC LOAN SERVICES, LLC 19 5.82% $16,261
FREEDOM MORTGAGE CORPORATION 19 6.29% $23,075
PRIMELENDING, A PLAINSCAPITAL COMPANY 15 6.27% $9,299
Waterstone Mortgage Corporation 15 6.12% $12,342
TBI MORTGAGE COMPANY 15 5.63% $10,981
ACADEMY MORTGAGE CORPORATION 15 6.03% $12,897
USAA Federal Savings Bank 15 6.19% $12,248
CROSSCOUNTRY MORTGAGE, LLC 14 6.39% $8,525
The Federal Savings Bank 13 6.36% $20,868
VILLAGE CAPITAL MORTGAGE 12 6.41% $14,867
PLAZA HOME MORTGAGE, INC. 12 5.85% $12,240
CMG MORTGAGE, INC. 11 6.23% $15,122
BROKER SOLUTIONS, INC. 11 6.02% $18,186
SUMMIT FUNDING, INC. 11 6.27% $12,027
Willamette Valley Bank 11 6.43% $10,583
EAGLE HOME MORTGAGE, LLC 11 5.52% $9,258
ARK-LA-TEX FINANCIAL SERVICES, LLC. 11 5.67% $18,337
U.S. Bank 10 6.29% $19,109
FIRST COLONY MORTGAGE CORPORATION 9 6.15% $12,406
JMJ FINANCIAL GROUP 9 6.28% $14,708
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 9 5.92% $14,341
NBKC BANK 9 5.58% $5,135
AXIA FINANCIAL, LLC 8 5.94% $14,098
MORTGAGE SOLUTIONS OF COLORADO, LLC 7 6.25% $13,436
Bank of England 7 6.13% $7,322
NFM, INC. 7 5.98% $9,786
Sunflower Bank 7 5.96% $16,321
CHURCHILL MORTGAGE CORPORATION 7 6.00% $20,754
Magnolia Bank 6 5.79% $18,759
NEW DAY FINANCIAL, LLC 6 7.43% $18,993
BAY EQUITY LLC 6 6.23% $17,125
Shea Mortgage Inc. 6 5.58% $8,030
HOMEAMERICAN MORTGAGE CORPORATION 6 5.48% $9,010
MUTUAL OF OMAHA MORTGAGE, INC. 6 6.58% $16,500
Plains Commerce Bank 6 5.65% $20,678
KBHS HOME LOANS, LLC 5 6.18% $12,968
LOANPAL, LLC 5 5.58% $12,241
Umpqua Bank 4 4.94% $15,546
NATIONS DIRECT MORTGAGE, LLC 4 6.12% $11,355
Barrington Bank & Trust Company, N.A. 4 6.24% $4,820
AMERISAVE MORTGAGE CORPORATION 4 6.19% $12,298
AMERICAN FINANCIAL NETWORK, INC. 4 6.28% $15,044
PACIFIC RESIDENTIAL MORTGAGE, LLC 3 6.75% $7,311
Glacier Bank 3 6.00% $10,317
Flagstar Bank, FSB 3 6.58% $11,403
Equity Prime Mortgage LLC 3 6.42% $10,364
Paramount Residential Mortgage Group, Inc. 3 6.29% $8,563
AMCAP MORTGAGE, LTD. 3 6.67% $20,126
CARDINAL FINANCIAL 3 6.42% $24,418
CALCON MUTUAL MORTGAGE LLC 3 5.79% $15,014
VERITAS FUNDING, LLC 3 6.38% $32,284
Mr. Cooper ( Nationstar Mortgage ) 3 6.38% $13,270
Ameris Bank 3 5.25% $5,271
NBH Bank 2 5.63% $17,235
Bank of Idaho 2 6.00% $21,289
CASTLE & COOKE MORTGAGE, LLC 2 6.63% $15,625
CORNERSTONE HOME LENDING, INC. 2 5.81% $2,274
D. L. Evans Bank 2 5.75% $5,218
GUARANTEED RATE AFFINITY, LLC 2 6.56% $6,600
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.25% $10,659
JPMorgan Chase Bank 2 6.18% $12,539
NEWREZ LLC 2 6.25% $12,699
PENTAGON FEDERAL CREDIT UNION 2 5.56% $7,233
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.81% $11,689
Sierra Pacific Mortgage Company, Inc. 2 5.75% $13,293
Wells Fargo Bank 2 5.19% $5,801
Watermark Capital, Inc. 1 5.25% $4,475
MORTGAGEONE, INC. 1 7.13% $9,600
PLANET HOME LENDING, LLC 1 5.50% $8,990
MORIA DEVELOPMENT, INC. 1 6.75% $7,432
POLARIS HOME FUNDING CORP. 1 7.63% $24,455
MANN FINANCIAL INC. 1 5.13% $2,865
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.75% $21,466
LAKEVIEW LOAN SERVICING, LLC 1 5.25% $24,523
LADERA LENDING, INC. 1 6.25% $17,973
GENEVA FINANCIAL, LLC 1 6.25% $25,471
SAMMAMISH MORTGAGE COMPANY 1 4.88% $19,195
Gateway First Bank 1 6.25% $10,198
AMERICAN FINANCING CORPORATION 1 6.63% $22,812
SOVEREIGN LENDING GROUP INCORPORATED 1 6.00% $7,423
First International Bank & Trust 1 5.25% $11,977
First Federal Bank of Kansas City 1 6.63% $7,255
First Federal Bank 1 6.50% $3,660
The Central Trust Bank 1 6.25% $15,076
Farmers Bank & Trust 1 5.50% $26,089
The Loan Store, Inc. 1 6.13% $13,139
TJC Mortgage, Inc. 1 6.88% $17,339
TOP FLITE FINANCIAL, INC. 1 6.63% $20,568
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 5.75% $10,030
Citizens Bank 1 5.13% $26,538
CALIBER HOME LOANS, INC. 1 6.75% $11,172
BNC National Bank 1 5.75% $5,089
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.00% $2,777
Banner Bank 1 6.13% $8,762
Armed Forces Bank 1 5.75% $14,472
Northpointe Bank 1 6.63% $14,584
1st Security Bank of Washington 1 6.25% $3,138
Nations Lending Corporation 1 7.13% $25,260
MOUNTAIN AMERICA 1 5.88% $5,425

The top Boise City VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 160 VA loans originated. Their average total fees are $9,087, which is $581 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Boise City VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($4,758), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,172), Mortgage Research Center, LLC ($8,506), CROSSCOUNTRY MORTGAGE, LLC ($8,525) and UNITED WHOLESALE MORTGAGE, LLC ($9,087).

The lowest rate Boise City VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.52%), TBI MORTGAGE COMPANY (5.63%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (5.67%), NAVY FEDERAL CREDIT UNION (5.78%) and PENNYMAC LOAN SERVICES, LLC (5.82%).


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 (15.2%) 1.11 2,217
2018-02-01 $313,000 (17.3%) $392,118 (17.8%) 1.14 1,945
2018-03-01 $318,990 (15.8%) $399,375 (14.4%) 1.12 1,934
2018-04-01 $329,950 (14.3%) $413,893 (14.5%) 1.12 1,956
2018-05-01 $341,240 (17.1%) $427,721 (14.8%) 1.14 2,032
2018-06-01 $343,990 (18.6%) $424,251 (14.1%) 1.15 2,227
2018-07-01 $342,945 (19.9%) $423,902 (15.8%) 1.15 2,335
2018-08-01 $344,195 (21.7%) $419,033 (14.9%) 1.15 2,462
2018-09-01 $339,000 (19.0%) $410,592 (11.7%) 1.14 2,741
2018-10-01 $333,400 (15.0%) $412,357 (10.5%) 1.13 2,929
2018-11-01 $334,675 (13.3%) $418,030 (10.6%) 1.13 2,832
2018-12-01 $336,990 (12.7%) $420,351 (10.8%) 1.16 2,525
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 $346,575 (8.7%) $434,484 (8.8%) 1.13 2,259
2019-04-01 $357,673 (8.4%) $443,942 (7.3%) 1.14 2,268
2019-05-01 $368,950 (8.1%) $453,677 (6.1%) 1.15 2,390
2019-06-01 $373,337 (8.5%) $458,888 (8.2%) 1.17 2,590
2019-07-01 $374,357 (9.2%) $459,735 (8.5%) 1.17 2,737
2019-08-01 $368,084 (6.9%) $454,486 (8.5%) 1.17 2,806
2019-09-01 $363,481 (7.2%) $447,959 (9.1%) 1.16 2,911
2019-10-01 $359,900 (8.0%) $443,608 (7.6%) 1.16 2,967
2019-11-01 $364,924 (9.0%) $446,369 (6.8%) 1.20 2,716
2019-12-01 $367,146 (9.0%) $447,676 (6.5%) 1.22 2,394
2020-01-01 $369,900 (9.1%) $449,125 (6.0%) 1.24 2,126
2020-02-01 $378,900 (11.5%) $459,449 (6.6%) 1.24 1,911
2020-03-01 $384,223 (10.9%) $478,372 (10.1%) 1.20 1,856
2020-04-01 $386,579 (8.1%) $478,121 (7.7%) 1.21 2,282
2020-05-01 $389,900 (5.7%) $487,445 (7.4%) 1.19 2,312
2020-06-01 $394,368 (5.6%) $494,614 (7.8%) 1.16 1,897
2020-07-01 $399,950 (6.8%) $512,787 (11.5%) 1.16 1,475
2020-08-01 $399,995 (8.7%) $523,247 (15.1%) 1.15 1,171
2020-09-01 $408,159 (12.3%) $535,775 (19.6%) 1.17 972
2020-10-01 $425,000 (18.1%) $546,599 (23.2%) 1.22 869
2020-11-01 $441,828 (21.1%) $572,633 (28.3%) 1.29 766
2020-12-01 $436,500 (18.9%) $556,074 (24.2%) 1.30 670
2021-01-01 $444,995 (20.3%) $584,527 (30.2%) 1.33 560
2021-02-01 $469,316 (23.9%) $607,164 (32.2%) 1.37 523
2021-03-01 $477,500 (24.3%) $620,704 (29.8%) 1.35 630
2021-04-01 $487,378 (26.1%) $644,480 (34.8%) 1.32 733
2021-05-01 $519,000 (33.1%) $691,614 (41.9%) 1.38 916
2021-06-01 $536,227 (36.0%) $692,916 (40.1%) 1.41 1,247
2021-07-01 $539,900 (35.0%) $685,192 (33.6%) 1.42 1,570
2021-08-01 $533,675 (33.4%) $672,196 (28.5%) 1.42 1,958
2021-09-01 $527,000 (29.1%) $661,304 (23.4%) 1.41 2,213
2021-10-01 $529,990 (24.7%) $662,101 (21.1%) 1.41 2,199
2021-11-01 $529,950 (20.0%) $674,225 (17.7%) 1.42 1,936
2021-12-01 $541,968 (24.2%) $678,126 (22.0%) 1.47 1,488
2022-01-01 $559,900 (25.8%) $697,559 (19.3%) 1.51 1,086
2022-02-01 $586,900 (25.1%) $738,218 (21.6%) 1.53 903
2022-03-01 $592,495 (24.1%) $758,477 (22.2%) 1.48 1,019
2022-04-01 $610,990 (25.4%) $774,367 (20.2%) 1.46 1,246
2022-05-01 $618,448 (19.2%) $785,536 (13.6%) 1.41 1,993
2022-06-01 $585,995 (9.3%) $737,112 (6.4%) 1.31 2,927
2022-07-01 $569,900 (5.6%) $707,053 (3.2%) 1.28 3,732
2022-08-01 $552,500 (3.5%) $688,012 (2.4%) 1.28 4,002
2022-09-01 $549,450 (4.3%) $680,749 (2.9%) 1.28 4,055
2022-10-01 $539,500 (1.8%) $675,458 (2.0%) 1.27 3,965
2022-11-01 $522,400 (-1.4%) $665,201 (-1.3%) 1.26 3,625
2022-12-01 $515,000 (-5.0%) $661,509 (-2.5%) 1.27 3,103
2023-01-01 $524,900 (-6.3%) $661,143 (-5.2%) 1.30 2,491
2023-02-01 $552,495 (-5.9%) $696,121 (-5.7%) 1.33 2,045
2023-03-01 $574,900 (-3.0%) $725,453 (-4.4%) 1.36 1,943
2023-04-01 $584,900 (-4.3%) $752,477 (-2.8%) 1.36 1,951
2023-05-01 $609,850 (-1.4%) $765,029 (-2.6%) 1.38 2,051
2023-06-01 $599,950 (2.4%) $762,356 (3.4%) 1.35 2,242
2023-07-01 $599,900 (5.3%) $750,807 (6.2%) 1.36 2,394
2023-08-01 $584,950 (5.9%) $742,946 (8.0%) 1.34 2,552
2023-09-01 $575,000 (4.7%) $737,434 (8.3%) 1.34 2,616
2023-10-01 $555,995 (3.1%) $727,803 (7.8%) 1.31 2,619
2023-11-01 $587,400 (12.4%) $757,711 (13.9%) 1.40 2,235
2023-12-01 $579,000 (12.4%) $749,838 (13.4%) 1.41 1,888
2024-01-01 $589,448 (12.3%) $753,094 (13.9%) 1.44 1,576
2024-02-01 $589,900 (6.8%) $763,319 (9.7%) 1.42 1,547
2024-03-01 $580,000 (0.9%) $750,508 (3.5%) 1.37 1,741
Boise City's median listing price for 2024-03-01 was $580,000, a difference of $5,100 (0.9%) versus the prior year and $-9,900 versus the prior month.

Boise City's median listing price comes in at 137% of the national average.

Boise City's average listing price for 2024-03-01 was $750,508, a difference of $25,055 (3.5%) versus the prior year and $-12,811 versus the prior month.

For the 2024-03-01 period, Boise City had 1,741 MLS listings, a difference of 194 listings (13%) versus the prior month and -202 listings (-10%) 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 28 days 2,228 sqft
2018-04-01 25 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 32 days 2,141 sqft
2018-10-01 38 days 2,127 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 32 days 2,146 sqft
2019-05-01 30 days 2,213 sqft
2019-06-01 32 days 2,245 sqft
2019-07-01 37 days 2,235 sqft
2019-08-01 38 days 2,190 sqft
2019-09-01 39 days 2,158 sqft
2019-10-01 39 days 2,134 sqft
2019-11-01 50 days 2,136 sqft
2019-12-01 59 days 2,153 sqft
2020-01-01 59 days 2,134 sqft
2020-02-01 43 days 2,114 sqft
2020-03-01 32 days 2,139 sqft
2020-04-01 32 days 2,160 sqft
2020-05-01 52 days 2,176 sqft
2020-06-01 57 days 2,180 sqft
2020-07-01 55 days 2,188 sqft
2020-08-01 49 days 2,113 sqft
2020-09-01 53 days 2,040 sqft
2020-10-01 57 days 2,025 sqft
2020-11-01 51 days 2,024 sqft
2020-12-01 54 days 1,970 sqft
2021-01-01 47 days 1,970 sqft
2021-02-01 35 days 1,979 sqft
2021-03-01 32 days 2,020 sqft
2021-04-01 33 days 2,008 sqft
2021-05-01 32 days 2,025 sqft
2021-06-01 26 days 2,025 sqft
2021-07-01 28 days 2,046 sqft
2021-08-01 29 days 2,024 sqft
2021-09-01 33 days 2,023 sqft
2021-10-01 41 days 2,025 sqft
2021-11-01 47 days 2,038 sqft
2021-12-01 49 days 2,054 sqft
2022-01-01 53 days 2,085 sqft
2022-02-01 30 days 2,120 sqft
2022-03-01 26 days 2,127 sqft
2022-04-01 29 days 2,144 sqft
2022-05-01 23 days 2,168 sqft
2022-06-01 26 days 2,100 sqft
2022-07-01 36 days 2,098 sqft
2022-08-01 46 days 2,096 sqft
2022-09-01 55 days 2,101 sqft
2022-10-01 61 days 2,110 sqft
2022-11-01 69 days 2,110 sqft
2022-12-01 78 days 2,107 sqft
2023-01-01 81 days 2,124 sqft
2023-02-01 65 days 2,168 sqft
2023-03-01 44 days 2,215 sqft
2023-04-01 43 days 2,269 sqft
2023-05-01 38 days 2,310 sqft
2023-06-01 38 days 2,297 sqft
2023-07-01 43 days 2,266 sqft
2023-08-01 44 days 2,228 sqft
2023-09-01 46 days 2,186 sqft
2023-10-01 51 days 2,127 sqft
2023-11-01 53 days 2,169 sqft
2023-12-01 59 days 2,160 sqft
2024-01-01 66 days 2,188 sqft
2024-02-01 50 days 2,201 sqft
2024-03-01 37 days 2,163 sqft
Boise City's median listing age (time on market) for 2024-03-01 was 37 days. This is -17% shorter than the same period one year ago.

Boise City's median square footage for active listings during the 2024-03-01 period was 2,163 sqft. One year prior, the average listing was 2,215 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.