Boise City VA Loan Rates, Closing Costs & Stats

BOISE CITY, 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.

    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 6.04% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-07-12) was 6.38% and one month ago for the week of 2024-06-14, the average rate was 6.24%.

    The average rate one year ago was 6.62%.

    For refis of the same type during the week of 2024-07-19, the average rate was 6.6%.

    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.