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 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 6.47% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

    Boise City's average VA mortgage closing costs are $6,921.

    The average rate for the prior week (2022-11-25) was 6.81% and one month ago for the week of 2022-10-28, the average rate was 7.1%.

    The average rate one year ago was 3.58%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.58%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    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
    NEW DAY FINANCIAL, LLC 123 2.73% $8,374
    MOVEMENT MORTGAGE, LLC 123 2.88% $8,617
    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 MORTGAGE 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
    TBI MORTGAGE COMPANY 38 2.75% $9,100
    ACADEMY MORTGAGE CORPORATION 38 2.80% $9,895
    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
    SUMMIT FUNDING, INC. 28 2.94% $13,824
    AMERISAVE MORTGAGE CORPORATION 28 2.50% $8,379
    BROKER SOLUTIONS, INC. 28 2.62% $8,795
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 26 3.06% $10,199
    Wyndham Capital Mortgage, Inc. 24 2.40% $6,293
    CMG MORTGAGE, INC. 24 2.52% $10,340
    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
    MUTUAL OF OMAHA MORTGAGE, INC. 20 2.67% $8,129
    PACIFIC RESIDENTIAL MORTGAGE, LLC 20 2.77% $8,499
    Barrington Bank & Trust Company, N.A. 19 2.71% $8,428
    NP, Inc. 18 2.62% $10,132
    Magnolia Bank 18 2.44% $12,347
    Gateway First Bank 18 2.97% $13,433
    BNC National Bank 18 2.28% $5,570
    First Home Bank 17 2.58% $11,529
    North American Savings Bank, F.S.B. 17 2.33% $3,427
    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
    Lend Smart Mortgage, LLC 12 2.57% $10,478
    PENTAGON FEDERAL CREDIT UNION 12 2.33% $4,855
    Umpqua Bank 11 2.72% $8,043
    D. L. Evans Bank 10 2.49% $8,259
    AMCAP MORTGAGE, LTD. 10 2.71% $15,048
    Strong Home Mortgage, LLC 9 2.44% $4,805
    Glacier Bank 9 2.47% $6,838
    CROSSCOUNTRY MORTGAGE, LLC 8 2.89% $8,214
    STEARNS LENDING, LLC 8 2.80% $6,126
    Summit Mortgage Corporation 8 2.55% $8,671
    SUN WEST MORTGAGE COMPANY, INC. 8 2.36% $3,887
    First Guaranty Mortgage Corporation 8 2.58% $6,935
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 8 2.72% $10,240
    AMERICAN FINANCING CORPORATION 8 2.50% $6,458
    Banner Bank 7 2.36% $6,963
    MOUNTAIN AMERICA 7 2.41% $5,957
    Nations Lending Corporation 6 3.10% $10,485
    First Federal Savings Bank of Twin Falls 6 2.40% $9,247
    CITYWIDE HOME LOANS, LLC 6 2.67% $6,583
    ACCELERATE MORTGAGE, LLC 5 2.40% $8,249
    Bank of Idaho 5 2.59% $3,321
    CALCON MUTUAL MORTGAGE LLC 5 2.90% $5,641
    JMJ FINANCIAL GROUP 5 2.75% $13,748
    First Federal Bank of Kansas City 5 2.30% $3,402
    Paramount Residential Mortgage Group, Inc. 5 2.80% $3,666
    First Federal Bank 5 2.80% $12,893
    KELLER MORTGAGE, LLC 4 2.63% $11,395
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 2.50% $8,256
    CHURCHILL MORTGAGE CORPORATION 4 2.72% $11,552
    Commerce Home Mortgage, Inc. 4 2.38% $6,549
    LEADERONE FINANCIAL CORPORATION 4 2.97% $7,961
    LENDUS, LLC 4 2.25% $3,053
    M&T Bank 4 2.72% $5,160
    Prime Choice Funding Inc. 4 2.38% $7,813
    U.S. Bank 4 2.59% $12,517
    BAY EQUITY LLC 3 2.79% $19,479
    Watermark Capital, Inc. 3 2.63% $12,206
    DHA FINANCIAL, LLC 3 2.42% $1,605
    First Savings Bank 3 2.54% $33,006
    FIRST COLONY MORTGAGE CORPORATION 3 2.96% $8,863
    GENEVA FINANCIAL, LLC 3 2.71% $9,061
    GUARANTEED RATE AFFINITY, LLC 3 2.58% $4,726
    HomeStreet Bank 3 2.46% $4,440
    CANOPY MORTGAGE, LLC 3 2.38% $8,880
    NBH Bank 3 2.50% $6,033
    AmeriHome Mortgage Company, LLC 2 2.88% $3,298
    SECURITYNATIONAL MORTGAGE COMPANY 2 2.94% $8,336
    KeyBank 2 2.69% $12,440
    SOUTHWEST STAGE FUNDING, LLC 2 3.06% $5,521
    DATA MORTGAGE, INC. 2 3.13% $6,535
    Community First National Bank 2 2.63% $3,435
    KS StateBank 2 2.50% $3,136
    FirstBank 2 2.63% $1,177
    PREMIA MORTGAGE, LLC 2 2.38% $11,621
    Capital Bank 2 2.38% $14,583
    ZILLOW HOME LOANS, LLC 2 2.63% $3,806
    Truist 2 2.56% $4,103
    First Mortgage Solutions, LLC 2 2.25% $10,642
    BELEM SERVICING LLC 2 1.75% $12,794
    Mid-Continent Funding, Inc. 2 2.38% $3,865
    VERITAS FUNDING, LLC 2 2.56% $6,690
    RANLIFE, INC. 1 3.25% $2,348
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.38% $4,471
    SAMMAMISH MORTGAGE COMPANY 1 2.38% $40,591
    SIRVA MORTGAGE, INC. 1 3.63% $6,006
    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
    CASTLE & COOKE MORTGAGE, LLC 1 2.63% $5,643
    Texana Bank 1 2.25% $23,139
    The Central Trust Bank 1 2.25% $3,370
    BOKF 1 3.13% $4,230
    UNITED SECURITY FINANCIAL CORP 1 1.75% $5,199
    BKCO MORTGAGE, LLC 1 3.25% $5,776
    Zions Bancorporation, N.A. 1 2.75% $3,050
    ARC HOME LLC 1 2.50% $12,240
    WESTERN EXPRESS LENDING 1 2.75% $2,235
    WESTMARK Credit Union 1 2.75% $10,667
    AMERICAN INTERNET MORTGAGE, INC. 1 2.25% $2,351
    LIBERTY HOME MORTGAGE CORPORATION 1 2.88% $37,332
    LOANLEADERS OF AMERICA, INC. 1 2.25% $4,963
    LADERA LENDING, INC. 1 2.75% $4,945
    Meridian Bank Corporation 1 2.50% $5,980
    MID AMERICA MORTGAGE, INC. 1 2.75% $1,649
    MORTGAGE ACCESS CORP. 1 2.75% $3,826
    Ixonia Bank 1 2.38% $12,459
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $2,886
    InterContinental Capital Group, Inc 1 3.75% $3,372
    INTERCAP LENDING INC. 1 2.75% $8,303
    HORIZON 1 2.38% $10,016
    AMERICAN FINANCIAL RESOURCES, INC. 1 2.75% $10,621
    HOMESTEAD FUNDING CORP. 1 2.25% $2,020
    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
    Northpointe Bank 1 2.25% $3,469
    Florida Capital Bank 1 2.25% $20,769
    OCEANSIDE MORTGAGE COMPANY 1 2.88% $754
    OCMBC, INC. 1 3.25% $23,894
    Paramount Bank 1 2.25% $10,883
    First Interstate Bank 1 2.75% $16,591
    PHH Mortgage Corporation 1 3.88% $1,942
    EMBRACE HOME LOANS, INC. 1 2.63% $8,717
    EAST IDAHO Credit Union 1 2.75% $11,846
    Eagle Bank and Trust Company 1 3.00% $10,510
    Prosperity Home Mortgage, LLC 1 2.50% $2,097
    DIGNIFIED HOME LOANS, LLC 1 3.25% $708

    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 MORTGAGE ($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 MORTGAGE (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%).

    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%) 1.14 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 $346,423 (8.6%) $434,626 (8.8%) 1.13 2,259
    2019-04-01 $357,450 (8.3%) $442,455 (6.9%) 1.13 2,270
    2019-05-01 $368,500 (8.0%) $453,272 (5.9%) 1.15 2,395
    2019-06-01 $373,100 (8.5%) $460,007 (8.4%) 1.17 2,599
    2019-07-01 $374,091 (9.1%) $460,623 (8.6%) 1.17 2,747
    2019-08-01 $367,535 (6.9%) $455,318 (8.7%) 1.16 2,817
    2019-09-01 $363,240 (7.2%) $448,790 (9.3%) 1.16 2,921
    2019-10-01 $359,900 (8.0%) $444,438 (7.8%) 1.16 2,978
    2019-11-01 $364,912 (9.1%) $446,522 (6.8%) 1.20 2,727
    2019-12-01 $366,734 (8.8%) $447,513 (6.5%) 1.22 2,403
    2020-01-01 $369,900 (9.1%) $448,591 (5.8%) 1.24 2,135
    2020-02-01 $378,384 (11.3%) $458,843 (6.5%) 1.24 1,920
    2020-03-01 $383,950 (10.8%) $478,001 (10.0%) 1.20 1,865
    2020-04-01 $386,450 (8.1%) $477,883 (8.0%) 1.21 2,292
    2020-05-01 $389,900 (5.8%) $486,929 (7.4%) 1.19 2,322
    2020-06-01 $393,973 (5.6%) $494,030 (7.4%) 1.16 1,906
    2020-07-01 $399,950 (6.9%) $511,994 (11.2%) 1.16 1,484
    2020-08-01 $399,990 (8.8%) $522,312 (14.7%) 1.15 1,180
    2020-09-01 $407,743 (12.3%) $534,883 (19.2%) 1.17 982
    2020-10-01 $425,000 (18.1%) $545,737 (22.8%) 1.22 878
    2020-11-01 $441,051 (20.9%) $571,319 (28.0%) 1.29 775
    2020-12-01 $436,125 (18.9%) $554,968 (24.0%) 1.30 679
    2021-01-01 $444,990 (20.3%) $582,883 (29.9%) 1.33 569
    2021-02-01 $467,695 (23.6%) $605,178 (31.9%) 1.36 532
    2021-03-01 $477,470 (24.4%) $618,661 (29.4%) 1.35 638
    2021-04-01 $485,295 (25.6%) $642,356 (34.4%) 1.31 741
    2021-05-01 $515,000 (32.1%) $689,675 (41.6%) 1.36 923
    2021-06-01 $533,293 (35.4%) $691,412 (40.0%) 1.40 1,255
    2021-07-01 $538,500 (34.6%) $684,672 (33.7%) 1.42 1,577
    2021-08-01 $531,564 (32.9%) $671,546 (28.6%) 1.42 1,963
    2021-09-01 $525,450 (28.9%) $660,468 (23.5%) 1.40 2,219
    2021-10-01 $529,990 (24.7%) $661,413 (21.2%) 1.41 2,206
    2021-11-01 $529,998 (20.2%) $674,191 (18.0%) 1.42 1,944
    2021-12-01 $542,450 (24.4%) $679,305 (22.4%) 1.47 1,496
    2022-01-01 $559,000 (25.6%) $696,046 (19.4%) 1.51 1,095
    2022-02-01 $585,673 (25.2%) $737,588 (21.9%) 1.52 912
    2022-03-01 $592,448 (24.1%) $757,119 (22.4%) 1.48 1,028
    2022-04-01 $612,950 (26.3%) $773,111 (20.4%) 1.46 1,254
    2022-05-01 $619,450 (20.3%) $784,419 (13.7%) 1.42 2,001
    2022-06-01 $585,125 (9.7%) $736,621 (6.5%) 1.30 2,934
    2022-07-01 $569,000 (5.7%) $706,591 (3.2%) 1.29 3,740
    2022-08-01 $552,500 (3.9%) $687,630 (2.4%) 1.28 4,010
    2022-09-01 $549,900 (4.7%) $681,795 (3.2%) 1.29 4,063
    2022-10-01 $539,900 (1.9%) $675,707 (2.2%) 1.27 3,973
    2022-11-01 $522,458 (-1.4%) $665,166 (-1.3%) 1.26 3,633
    Boise City's median listing price for 2022-11-01 was $522,458, a difference of $-7,540 (-1.4%) versus the prior year and $-17,442 versus the prior month.

    Boise City's median listing price comes in at 126% of the national average.

    Boise City's average listing price for 2022-11-01 was $665,166, a difference of $-9,025 (-1.3%) versus the prior year and $-10,541 versus the prior month.

    For the 2022-11-01 period, Boise City had 3,633 MLS listings, a difference of -340 listings (-9%) versus the prior month and 1,689 listings (87%) 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 29 days 2,228 sqft
    2018-04-01 26 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 33 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 33 days 2,146 sqft
    2019-05-01 30 days 2,211 sqft
    2019-06-01 33 days 2,243 sqft
    2019-07-01 38 days 2,233 sqft
    2019-08-01 39 days 2,189 sqft
    2019-09-01 40 days 2,158 sqft
    2019-10-01 40 days 2,133 sqft
    2019-11-01 51 days 2,135 sqft
    2019-12-01 59 days 2,153 sqft
    2020-01-01 60 days 2,132 sqft
    2020-02-01 44 days 2,110 sqft
    2020-03-01 32 days 2,139 sqft
    2020-04-01 33 days 2,160 sqft
    2020-05-01 52 days 2,176 sqft
    2020-06-01 59 days 2,179 sqft
    2020-07-01 56 days 2,187 sqft
    2020-08-01 53 days 2,111 sqft
    2020-09-01 57 days 2,040 sqft
    2020-10-01 59 days 2,025 sqft
    2020-11-01 54 days 2,023 sqft
    2020-12-01 57 days 1,968 sqft
    2021-01-01 50 days 1,969 sqft
    2021-02-01 36 days 1,977 sqft
    2021-03-01 35 days 2,020 sqft
    2021-04-01 34 days 2,007 sqft
    2021-05-01 33 days 2,025 sqft
    2021-06-01 26 days 2,025 sqft
    2021-07-01 29 days 2,044 sqft
    2021-08-01 29 days 2,022 sqft
    2021-09-01 33 days 2,021 sqft
    2021-10-01 42 days 2,025 sqft
    2021-11-01 48 days 2,040 sqft
    2021-12-01 50 days 2,052 sqft
    2022-01-01 53 days 2,085 sqft
    2022-02-01 30 days 2,119 sqft
    2022-03-01 26 days 2,126 sqft
    2022-04-01 29 days 2,139 sqft
    2022-05-01 23 days 2,166 sqft
    2022-06-01 26 days 2,100 sqft
    2022-07-01 36 days 2,096 sqft
    2022-08-01 47 days 2,095 sqft
    2022-09-01 56 days 2,102 sqft
    2022-10-01 62 days 2,110 sqft
    2022-11-01 69 days 2,110 sqft
    Boise City's median listing age (time on market) for 2022-11-01 was 69 days. This is 44% longer than the same period one year ago.

    Boise City's median square footage for active listings during the 2022-11-01 period was 2,110 sqft. One year prior, the average listing was 2,040 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.