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 -0.26% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.34% and one month ago for the week of 2024-10-11, the average rate was 5.61%.

    The average rate one year ago was 7.1%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.39%.

    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
    2024-04-01 $577,125 (-1.3%) $762,557 (1.3%) 1.34 1,996
    2024-05-01 $599,950 (-1.6%) $803,107 (5.0%) 1.36 2,302
    2024-06-01 $595,000 (-0.8%) $774,941 (1.7%) 1.34 2,634
    2024-07-01 $574,950 (-4.2%) $748,842 (-0.3%) 1.31 2,749
    2024-08-01 $579,948 (-0.9%) $754,748 (1.6%) 1.35 2,802
    2024-09-01 $574,700 (-0.1%) $753,264 (2.2%) 1.35 2,829
    2024-10-01 $574,950 (3.4%) $755,913 (3.9%) 1.35 2,677
    Boise City's median listing price for 2024-10-01 was $574,950, a difference of $18,955 (3.4%) versus the prior year and $250 versus the prior month.

    Boise City's median listing price comes in at 135% of the national average.

    Boise City's average listing price for 2024-10-01 was $755,913, a difference of $28,110 (3.9%) versus the prior year and $2,649 versus the prior month.

    For the 2024-10-01 period, Boise City had 2,677 MLS listings, a difference of -152 listings (-5%) versus the prior month and 58 listings (2%) 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
    2024-04-01 36 days 2,179 sqft
    2024-05-01 30 days 2,252 sqft
    2024-06-01 36 days 2,200 sqft
    2024-07-01 44 days 2,146 sqft
    2024-08-01 50 days 2,171 sqft
    2024-09-01 49 days 2,137 sqft
    2024-10-01 52 days 2,144 sqft
    Boise City's median listing age (time on market) for 2024-10-01 was 52 days. This is 1% longer than the same period one year ago.

    Boise City's median square footage for active listings during the 2024-10-01 period was 2,144 sqft. One year prior, the average listing was 2,127 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.