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 145 lenders originated 1,936 VA loans during 2022. The total origination value was $837,810,000, with an average VA loan value of $432,753.

    Boise City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Boise City averaged -0.37% for the week of 2023-06-02, compared to the national average (all VA variants) of 0% for the same period.

    Boise City's average VA mortgage closing costs are $7,460.

    The average rate for the prior week (2023-05-26) was 6.07% and one month ago for the week of 2023-04-28, the average rate was 5.52%.

    The average rate one year ago was 4.47%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.24%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 143 4.68% $10,915
    UNITED WHOLESALE MORTGAGE, LLC 141 4.24% $9,941
    QUICKEN LOANS, LLC 99 3.88% $14,660
    FREEDOM MORTGAGE CORPORATION 84 4.04% $14,718
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 79 4.65% $12,657
    LOANDEPOT.COM, LLC 76 4.04% $14,230
    PENNYMAC LOAN SERVICES, LLC 64 3.06% $11,652
    MOVEMENT MORTGAGE, LLC 56 4.15% $11,197
    PREMIER MORTGAGE RESOURCES, L.L.C. 53 4.60% $17,122
    Flagstar Bank, FSB 49 4.37% $9,559
    NEW DAY FINANCIAL, LLC 49 4.32% $14,506
    GUARANTEED RATE, INC. 47 4.31% $8,853
    NAVY FEDERAL CREDIT UNION 45 3.93% $9,046
    GUILD MORTGAGE COMPANY 43 4.49% $12,509
    FINANCE OF AMERICA MORTGAGE LLC 42 4.37% $12,468
    IDAHO CENTRAL 41 4.05% $10,571
    ACADEMY MORTGAGE CORPORATION 37 4.95% $17,118
    The Federal Savings Bank 33 4.13% $19,111
    CALIBER HOME LOANS, INC. 31 4.37% $12,137
    USAA Federal Savings Bank 30 4.36% $12,471
    Willamette Valley Bank 29 4.83% $12,889
    HOME POINT FINANCIAL CORPORATION 25 3.45% $14,371
    TBI MORTGAGE COMPANY 21 4.27% $10,575
    CROSSCOUNTRY MORTGAGE, LLC 19 4.73% $9,443
    HOMEBRIDGE FINANCIAL SERVICES, INC. 18 3.47% $14,435
    AMERICAN PACIFIC MORTGAGE CORPORATION 17 4.80% $14,078
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 16 4.85% $12,835
    S1L, Inc. 16 4.52% $11,922
    CLEARPATH LENDING 15 3.77% $15,190
    BROKER SOLUTIONS, INC. 14 4.00% $13,846
    PRIMELENDING, A PLAINSCAPITAL COMPANY 14 4.47% $15,801
    PACIFIC RESIDENTIAL MORTGAGE, LLC 13 5.00% $8,447
    Mr. Cooper ( Nationstar Mortgage ) 13 4.83% $11,734
    SUMMIT FUNDING, INC. 13 4.51% $14,222
    Waterstone Mortgage Corporation 13 4.59% $11,300
    VILLAGE CAPITAL MORTGAGE 12 4.60% $16,733
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 11 4.47% $13,654
    CMG MORTGAGE, INC. 11 4.32% $13,528
    AXIA FINANCIAL, LLC 10 5.06% $10,698
    CASTLE & COOKE MORTGAGE, LLC 10 4.85% $17,674
    LOANPAL, LLC 9 3.22% $18,676
    Lend Smart Mortgage, LLC 9 3.71% $8,389
    NEWREZ LLC 9 3.58% $12,659
    PRIMARY RESIDENTIAL MORTGAGE, INC. 9 4.38% $13,433
    Barrington Bank & Trust Company, N.A. 8 4.83% $7,737
    LAKEVIEW LOAN SERVICING, LLC 8 3.53% $8,457
    AMERISAVE MORTGAGE CORPORATION 8 3.66% $11,418
    CALCON MUTUAL MORTGAGE LLC 7 4.32% $12,422
    BAY EQUITY LLC 7 6.02% $15,566
    Magnolia Bank 6 4.69% $13,965
    PLANET HOME LENDING, LLC 6 4.06% $9,422
    AMERICAN FINANCING CORPORATION 6 3.48% $9,439
    Low VA Rates, LLC 6 4.65% $18,820
    PENTAGON FEDERAL CREDIT UNION 6 3.96% $5,495
    Gateway First Bank 6 4.54% $17,063
    Wells Fargo Bank 6 3.96% $8,847
    Umpqua Bank 5 4.78% $10,791
    CHURCHILL MORTGAGE CORPORATION 5 5.25% $12,323
    Summit Mortgage Corporation 5 3.98% $11,982
    EAGLE HOME MORTGAGE, LLC 5 3.88% $13,969
    CANOPY MORTGAGE, LLC 5 5.15% $13,373
    NBKC BANK 4 3.69% $5,056
    D. L. Evans Bank 4 3.44% $8,066
    Bank of England 4 4.63% $12,814
    Texana Bank 4 3.38% $11,184
    U.S. Bank 4 4.59% $12,672
    VERITAS FUNDING, LLC 4 5.72% $18,798
    MOUNTAIN AMERICA 4 3.00% $10,930
    MUTUAL OF OMAHA MORTGAGE, INC. 4 4.56% $9,365
    LEADERONE FINANCIAL CORPORATION 3 3.79% $9,221
    NFM, INC. 3 6.63% $5,896
    First Interstate Bank 3 4.08% $7,548
    First Home Bank 3 3.83% $18,739
    Wyndham Capital Mortgage, Inc. 3 3.75% $10,597
    Carrington Mortgage Services, LLC 3 5.29% $16,016
    Bank of Idaho 3 3.38% $3,541
    North American Savings Bank, F.S.B. 3 4.79% $11,381
    Sierra Pacific Mortgage Company, Inc. 3 4.71% $21,957
    JMJ FINANCIAL GROUP 3 4.83% $10,609
    Sunflower Bank 2 4.50% $5,741
    EVERETT FINANCIAL, INC. 2 5.19% $16,495
    Equity Prime Mortgage LLC 2 6.19% $13,237
    EMBRACE HOME LOANS, INC. 2 4.44% $11,626
    Northpointe Bank 2 4.38% $4,775
    Armed Forces Bank 2 3.56% $3,549
    Nations Lending Corporation 2 5.38% $16,401
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 4.44% $10,449
    CARDINAL FINANCIAL 2 3.88% $19,328
    First Guaranty Mortgage Corporation 2 3.13% $13,457
    First Federal Savings Bank of Twin Falls 2 3.75% $6,587
    Zions Bancorporation, N.A. 2 3.69% $11,859
    AMCAP MORTGAGE, LTD. 2 4.75% $14,047
    The Central Trust Bank 2 4.69% $6,788
    SUN WEST MORTGAGE COMPANY, INC. 2 4.38% $13,847
    CITYWIDE HOME LOANS, LLC 2 3.93% $7,593
    Mid-Continent Funding, Inc. 2 4.81% $5,458
    MORTGAGE ACCESS CORP. 2 4.50% $15,962
    LADERA LENDING, INC. 1 5.63% $9,480
    ALAMEDA MORTGAGE CORPORATION 1 4.63% $11,429
    Amerifirst Financial, Inc. 1 3.25% $13,054
    Banner Bank 1 2.75% $17,388
    Bell Bank 1 4.63% $2,792
    BNC National Bank 1 3.25% $19,473
    Century Mortgage Company DBA Century Lending Company 1 2.50% $7,114
    CHERRY CREEK MORTGAGE, LLC 1 4.75% $825
    Commerce Home Mortgage, Inc. 1 4.75% $18,099
    Community First National Bank 1 5.13% $4,082
    CORNERSTONE HOME LENDING, INC. 1 3.13% $588
    DIRECT MORTGAGE, CORP. 1 4.50% $13,104
    Eagle Bank and Trust Company 1 4.50% $8,511
    First Bank 1 3.75% $1,739
    FIRST COLONY MORTGAGE CORPORATION 1 5.25% $17,128
    First Federal Bank 1 2.75% $12,612
    First Federal Bank of Kansas City 1 4.00% $5,030
    First Mortgage Solutions, LLC 1 2.37% $10,920
    First National Bank of Omaha 1 5.88% $5,164
    GENEVA FINANCIAL, LLC 1 2.88% $4,014
    GoPrime Mortgage, Inc. 1 5.63% $11,765
    HomeStreet Bank 1 3.13% $30,221
    INTERCAP LENDING INC. 1 2.25% $4,250
    Ixonia Bank 1 4.88% $16,607
    KBHS HOME LOANS, LLC 1 5.25% $26,254
    KeyBank 1 4.13% $17,359
    Academy Bank 1 4.25% $29,366
    MASON MCDUFFIE MORTGAGE CORPORATION 1 5.25% $9,674
    Meridian Bank Corporation 1 4.25% $13,964
    MID AMERICA MORTGAGE, INC. 1 4.63% $3,168
    MORTGAGEONE, INC. 1 6.50% $4,957
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.25% $7,275
    M&T Bank 1 6.50% $6,363
    NBH Bank 1 3.75% $7,880
    Neighborhood Loans, Inc. 1 5.25% $5,430
    NETWORK CAPITAL FUNDING CORPORATION 1 4.63% $24,969
    Paramount Residential Mortgage Group, Inc. 1 5.88% $17,700
    PHH Mortgage Corporation 1 3.50% $1,787
    Plains Commerce Bank 1 3.75% $3,492
    PLAZA HOME MORTGAGE, INC. 1 6.13% $20,404
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.25% $6,591
    SECURITYNATIONAL MORTGAGE COMPANY 1 3.25% $2,611
    Shea Mortgage Inc. 1 5.13% $919
    SIRVA MORTGAGE, INC. 1 4.63% $2,993
    Strong Home Mortgage, LLC 1 4.25% $12,375
    VAN DYK MORTGAGE CORPORATION 1 3.63% $20,779
    V.I.P. MORTGAGE, INC. 1 6.75% $1,610
    Washington Trust Bank 1 6.25% $8,802

    The top Boise City VA lender as defined by loan originations is Mortgage Research Center, LLC, with 143 VA loans originated. Their average total fees are $10,915, which is $974 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Boise City VA lenders (with over 10 loans originated) are PACIFIC RESIDENTIAL MORTGAGE, LLC ($8,447), GUARANTEED RATE, INC. ($8,853), NAVY FEDERAL CREDIT UNION ($9,046), CROSSCOUNTRY MORTGAGE, LLC ($9,443) and Flagstar Bank, FSB ($9,559).

    The lowest rate Boise City VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.06%), HOME POINT FINANCIAL CORPORATION (3.45%), HOMEBRIDGE FINANCIAL SERVICES, INC. (3.47%), CLEARPATH LENDING (3.77%) and QUICKEN LOANS, LLC (3.88%).

    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%) 1.15 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 $346,575 (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 (6.0%) 1.15 2,390
    2019-06-01 $373,737 (8.7%) $460,433 (8.5%) 1.17 2,592
    2019-07-01 $374,313 (9.1%) $461,019 (8.7%) 1.17 2,740
    2019-08-01 $367,900 (7.0%) $455,673 (8.7%) 1.17 2,809
    2019-09-01 $363,400 (7.2%) $449,092 (9.4%) 1.16 2,914
    2019-10-01 $359,900 (8.0%) $444,704 (7.8%) 1.16 2,970
    2019-11-01 $364,957 (9.1%) $446,819 (6.9%) 1.20 2,719
    2019-12-01 $366,932 (8.9%) $447,844 (6.6%) 1.22 2,395
    2020-01-01 $369,900 (9.1%) $448,968 (5.9%) 1.24 2,127
    2020-02-01 $378,823 (11.4%) $459,277 (6.6%) 1.24 1,912
    2020-03-01 $384,223 (10.9%) $478,372 (10.1%) 1.20 1,856
    2020-04-01 $386,450 (8.1%) $478,070 (7.7%) 1.21 2,283
    2020-05-01 $389,900 (5.7%) $487,392 (7.4%) 1.19 2,313
    2020-06-01 $394,368 (5.5%) $494,584 (7.4%) 1.16 1,898
    2020-07-01 $399,950 (6.9%) $512,743 (11.2%) 1.16 1,475
    2020-08-01 $399,995 (8.7%) $523,247 (14.8%) 1.15 1,171
    2020-09-01 $407,990 (12.3%) $535,598 (19.3%) 1.17 973
    2020-10-01 $425,000 (18.1%) $546,599 (22.9%) 1.22 869
    2020-11-01 $441,676 (21.0%) $572,456 (28.1%) 1.29 766
    2020-12-01 $436,500 (19.0%) $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%) 1.36 630
    2021-04-01 $487,378 (26.1%) $644,492 (34.8%) 1.32 733
    2021-05-01 $519,000 (33.1%) $691,614 (41.9%) 1.38 916
    2021-06-01 $535,858 (35.9%) $692,916 (40.1%) 1.41 1,247
    2021-07-01 $539,900 (35.0%) $685,192 (33.6%) 1.42 1,571
    2021-08-01 $533,675 (33.4%) $672,196 (28.5%) 1.42 1,958
    2021-09-01 $527,000 (29.2%) $661,304 (23.5%) 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 (17.8%) 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 $618,450 (19.2%) $785,536 (13.6%) 1.41 1,994
    2022-06-01 $585,995 (9.4%) $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%) $661,578 (-2.4%) 1.27 3,102
    2023-01-01 $524,900 (-6.3%) $661,222 (-5.2%) 1.30 2,490
    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%) $752,510 (-2.8%) 1.36 1,951
    2023-05-01 $609,875 (-1.4%) $765,300 (-2.6%) 1.38 2,051
    Boise City's median listing price for 2023-05-01 was $609,875, a difference of $-8,575 (-1.4%) versus the prior year and $24,975 versus the prior month.

    Boise City's median listing price comes in at 138% of the national average.

    Boise City's average listing price for 2023-05-01 was $765,300, a difference of $-20,236 (-2.6%) versus the prior year and $12,790 versus the prior month.

    For the 2023-05-01 period, Boise City had 2,051 MLS listings, a difference of 100 listings (5%) versus the prior month and 57 listings (3%) 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 2,128 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 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 40 days 2,133 sqft
    2019-11-01 50 days 2,136 sqft
    2019-12-01 59 days 2,153 sqft
    2020-01-01 59 days 2,133 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 2,270 sqft
    2023-05-01 38 days 2,311 sqft
    Boise City's median listing age (time on market) for 2023-05-01 was 38 days. This is 67% longer than the same period one year ago.

    Boise City's median square footage for active listings during the 2023-05-01 period was 2,311 sqft. One year prior, the average listing was 2,168 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.