Boise City VA Loans

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 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 167 lenders originated 5,315 VA loans during 2021. The total origination value was $1,847,025,000, with an average VA loan value of $347,512.

    Boise City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Boise City averaged 5.53% for the week of 2022-05-20, compared to the national average (all VA variants) of 5.143% for the same period.

    The average rate for the prior week (2022-05-13) was 5.34% and one month ago for the week of 2022-04-15, the average rate was 5.3%.

    The average rate one year ago was 2.89%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.03%.

    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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Boise City level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    QUICKEN LOANS, LLC 478 2.42% $6,802
    FREEDOM MORTGAGE CORPORATION 308 2.47% $4,581
    Mortgage Research Center, LLC 217 2.78% $8,119
    IDAHO CENTRAL 210 2.50% $6,815
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 197 2.78% $9,997
    GUILD MORTGAGE COMPANY 169 2.65% $8,669
    PENNYMAC LOAN SERVICES, LLC 161 2.38% $7,339
    LAKEVIEW LOAN SERVICING, LLC 159 2.44% $3,202
    LOANDEPOT.COM, LLC 150 2.45% $6,279
    UNITED WHOLESALE MORTGAGE, LLC 141 2.44% $8,150
    MOVEMENT MORTGAGE, LLC 123 2.88% $8,617
    NEW DAY FINANCIAL, LLC 123 2.73% $8,374
    CALIBER HOME LOANS, INC. 111 2.54% $5,460
    Willamette Valley Bank 94 2.72% $7,950
    PREMIER MORTGAGE RESOURCES, L.L.C. 84 2.83% $10,319
    NAVY FEDERAL CREDIT UNION 83 2.48% $6,213
    GUARANTEED RATE, INC. 83 2.57% $7,526
    VILLAGE CAPITAL & INVESTMENT LLC 82 2.24% $4,187
    Flagstar Bank, FSB 78 2.59% $7,348
    CLEARPATH LENDING 77 2.39% $6,933
    USAA Federal Savings Bank 74 2.78% $4,699
    The Federal Savings Bank 70 2.50% $9,961
    FINANCE OF AMERICA MORTGAGE LLC 64 2.82% $10,809
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 63 2.75% $10,586
    HOMEBRIDGE FINANCIAL SERVICES, INC. 55 2.49% $7,496
    HOME POINT FINANCIAL CORPORATION 52 2.45% $6,389
    S1L, Inc. 46 2.89% $10,472
    PRIMELENDING, A PLAINSCAPITAL COMPANY 40 2.83% $10,392
    ACADEMY MORTGAGE CORPORATION 38 2.80% $9,895
    TBI MORTGAGE COMPANY 38 2.75% $9,100
    AMERICAN PACIFIC MORTGAGE CORPORATION 32 2.71% $8,044
    LOANPAL, LLC 32 2.47% $11,224
    PLANET HOME LENDING, LLC 31 2.45% $4,650
    Mr. Cooper ( Nationstar Mortgage ) 30 2.73% $5,507
    AMERICAN FINANCIAL NETWORK, INC. 30 2.45% $9,923
    Low VA Rates, LLC 29 2.31% $5,483
    NEWREZ LLC 29 2.72% $4,789
    AMERISAVE MORTGAGE CORPORATION 28 2.50% $8,379
    BROKER SOLUTIONS, INC. 28 2.62% $8,795
    SUMMIT FUNDING, INC. 28 2.94% $13,824
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 26 3.06% $10,199
    CMG MORTGAGE, INC. 24 2.52% $10,340
    Wyndham Capital Mortgage, Inc. 24 2.40% $6,293
    PRIMARY RESIDENTIAL MORTGAGE, INC. 23 3.41% $13,662
    Wells Fargo Bank 22 2.59% $5,457
    Waterstone Mortgage Corporation 21 2.80% $8,278
    PACIFIC RESIDENTIAL MORTGAGE, LLC 20 2.77% $8,499
    MUTUAL OF OMAHA MORTGAGE, INC. 20 2.67% $8,129
    Barrington Bank & Trust Company, N.A. 19 2.71% $8,428
    Gateway First Bank 18 2.97% $13,433
    NP, Inc. 18 2.62% $10,132
    BNC National Bank 18 2.28% $5,570
    Magnolia Bank 18 2.44% $12,347
    North American Savings Bank, F.S.B. 17 2.33% $3,427
    First Home Bank 17 2.58% $11,529
    NBKC BANK 16 2.38% $7,646
    AXIA FINANCIAL, LLC 16 2.73% $5,940
    Bank of England 15 2.59% $10,626
    Carrington Mortgage Services, LLC 13 2.83% $5,135
    SOVEREIGN LENDING GROUP INCORPORATED 13 2.62% $9,120
    PENTAGON FEDERAL CREDIT UNION 12 2.33% $4,855
    Lend Smart Mortgage, LLC 12 2.57% $10,478
    Umpqua Bank 11 2.72% $8,043
    AMCAP MORTGAGE, LTD. 10 2.71% $15,048
    D. L. Evans Bank 10 2.49% $8,259
    Strong Home Mortgage, LLC 9 2.44% $4,805
    Glacier Bank 9 2.47% $6,838
    SUN WEST MORTGAGE COMPANY, INC. 8 2.36% $3,887
    AMERICAN FINANCING CORPORATION 8 2.50% $6,458
    CROSSCOUNTRY MORTGAGE, LLC 8 2.89% $8,214
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 8 2.72% $10,240
    STEARNS LENDING, LLC 8 2.80% $6,126
    Summit Mortgage Corporation 8 2.55% $8,671
    First Guaranty Mortgage Corporation 8 2.58% $6,935
    Banner Bank 7 2.36% $6,963
    MOUNTAIN AMERICA 7 2.41% $5,957
    CITYWIDE HOME LOANS, LLC 6 2.67% $6,583
    First Federal Savings Bank of Twin Falls 6 2.40% $9,247
    Nations Lending Corporation 6 3.10% $10,485
    First Federal Bank of Kansas City 5 2.30% $3,402
    JMJ FINANCIAL GROUP 5 2.75% $13,748
    Paramount Residential Mortgage Group, Inc. 5 2.80% $3,666
    First Federal Bank 5 2.80% $12,893
    CALCON MUTUAL MORTGAGE LLC 5 2.90% $5,641
    Bank of Idaho 5 2.59% $3,321
    ACCELERATE MORTGAGE, LLC 5 2.40% $8,249
    U.S. Bank 4 2.59% $12,517
    Prime Choice Funding Inc. 4 2.38% $7,813
    KELLER MORTGAGE, LLC 4 2.63% $11,395
    CHURCHILL MORTGAGE CORPORATION 4 2.72% $11,552
    LEADERONE FINANCIAL CORPORATION 4 2.97% $7,961
    LENDUS, LLC 4 2.25% $3,053
    Commerce Home Mortgage, Inc. 4 2.38% $6,549
    Manufacturers and Traders Trust Company 4 2.72% $5,160
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 2.50% $8,256
    GENEVA FINANCIAL, LLC 3 2.71% $9,061
    DHA FINANCIAL, LLC 3 2.42% $1,605
    FIRST COLONY MORTGAGE CORPORATION 3 2.96% $8,863
    First Savings Bank 3 2.54% $33,006
    HomeStreet Bank 3 2.46% $4,440
    Watermark Capital, Inc. 3 2.63% $12,206
    CANOPY MORTGAGE, LLC 3 2.38% $8,880
    NBH Bank 3 2.50% $6,033
    BAY EQUITY LLC 3 2.79% $19,479
    GUARANTEED RATE AFFINITY, LLC 3 2.58% $4,726
    PREMIA MORTGAGE, LLC 2 2.38% $11,621
    AmeriHome Mortgage Company, LLC 2 2.88% $3,298
    BELEM SERVICING LLC 2 1.75% $12,794
    Capital Bank 2 2.38% $14,583
    Community First National Bank 2 2.63% $3,435
    DATA MORTGAGE, INC. 2 3.13% $6,535
    FirstBank 2 2.63% $1,177
    First Mortgage Solutions, LLC 2 2.25% $10,642
    KeyBank 2 2.69% $12,440
    KS StateBank 2 2.50% $3,136
    Mid-Continent Funding, Inc. 2 2.38% $3,865
    SECURITYNATIONAL MORTGAGE COMPANY 2 2.94% $8,336
    SOUTHWEST STAGE FUNDING, LLC 2 3.06% $5,521
    Truist Bank 2 2.56% $4,103
    VERITAS FUNDING, LLC 2 2.56% $6,690
    ZILLOW HOME LOANS, LLC 2 2.63% $3,806
    MORTGAGE ACCESS CORP. 1 2.75% $3,826
    MID AMERICA MORTGAGE, INC. 1 2.75% $1,649
    Meridian Bank Corporation 1 2.50% $5,980
    PHH Mortgage Corporation 1 3.88% $1,942
    LOANLEADERS OF AMERICA, INC. 1 2.25% $4,963
    LIBERTY HOME MORTGAGE CORPORATION 1 2.88% $37,332
    LADERA LENDING, INC. 1 2.75% $4,945
    Ixonia Bank 1 2.38% $12,459
    InterContinental Capital Group, Inc 1 3.75% $3,372
    INTERCAP LENDING INC. 1 2.75% $8,303
    Prosperity Home Mortgage, LLC 1 2.50% $2,097
    HORIZON 1 2.38% $10,016
    RANLIFE, INC. 1 3.25% $2,348
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.38% $4,471
    HOMESTEAD FUNDING CORP. 1 2.25% $2,020
    SAMMAMISH MORTGAGE COMPANY 1 2.38% $40,591
    WESTMARK Credit Union 1 2.75% $10,667
    SIRVA MORTGAGE, INC. 1 3.63% $6,006
    AMERICAN INTERNET MORTGAGE, INC. 1 2.25% $2,351
    HOMESPIRE MORTGAGE CORPORATION 1 2.75% $2,372
    Goldwater Bank, N.A. 1 2.63% $17,599
    Franklin Loan Corporation 1 3.13% $3,527
    Florida Capital Bank 1 2.25% $20,769
    First Interstate Bank 1 2.75% $16,591
    EMBRACE HOME LOANS, INC. 1 2.63% $8,717
    EAST IDAHO Credit Union 1 2.75% $11,846
    Texana Bank 1 2.25% $23,139
    The Central Trust Bank 1 2.25% $3,370
    Eagle Bank and Trust Company 1 3.00% $10,510
    AMERICAN FINANCIAL RESOURCES, INC. 1 2.75% $10,621
    DIGNIFIED HOME LOANS, LLC 1 3.25% $708
    UNITED SECURITY FINANCIAL CORP 1 1.75% $5,199
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 2.25% $25,267
    Citizens Bank 1 2.25% $4,135
    CHERRY CREEK MORTGAGE, LLC 1 2.50% $18,345
    Zions Bancorporation, N.A. 1 2.75% $3,050
    CASTLE & COOKE MORTGAGE, LLC 1 2.63% $5,643
    BOKF 1 3.13% $4,230
    BKCO MORTGAGE, LLC 1 3.25% $5,776
    ARC HOME LLC 1 2.50% $12,240
    WESTERN EXPRESS LENDING 1 2.75% $2,235
    Northpointe Bank 1 2.25% $3,469
    OCEANSIDE MORTGAGE COMPANY 1 2.88% $754
    OCMBC, INC. 1 3.25% $23,894
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $2,886
    Paramount Bank 1 2.25% $10,883

    The top Boise City VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 478 VA loans originated. Their average total fees are $6,802, which is $2,220 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee Boise City VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($3,202), North American Savings Bank, F.S.B. ($3,427), VILLAGE CAPITAL & INVESTMENT LLC ($4,187), FREEDOM MORTGAGE CORPORATION ($4,581) and PLANET HOME LENDING, LLC ($4,650).

    The lowest rate Boise City VA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC (2.24%), BNC National Bank (2.28%), Low VA Rates, LLC (2.31%), North American Savings Bank, F.S.B. (2.33%) and PENTAGON FEDERAL CREDIT UNION (2.33%).

    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.