Boise City VA Loans

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 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.