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
6.28%
for the week of 2024-10-25, compared to the national average (all VA variants) of
6.14% for the same period.
Boise City's average VA mortgage closing costs are $7,732.
The average rate for the prior week (2024-10-18) was
5.89% and
one month ago for the week of 2024-09-20, the
average rate was 5.29%.
The average rate one year ago was 7.51%.
For refis of the same type during the week of 2024-10-25, the average rate
was 6.73%.
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%).
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.