Coeur D'alene VA Loans

COEUR D'ALENE, 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.

    Coeur D'alene's 110 lenders originated 2,566 VA loans during 2021. The total origination value was $912,170,000, with an average VA loan value of $355,483.

    Coeur D'alene VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Coeur D'alene averaged 5.21% for the week of 2022-04-08, compared to the national average (all VA variants) of 4.693% for the same period.

    The average rate for the prior week (2022-04-01) was 4.93% and one month ago for the week of 2022-03-04, the average rate was 4.19%.

    The average rate one year ago was 3.37%.

    For refis of the same type during the week of 2022-04-08, the average rate was 4.89%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Coeur D'alene 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 Coeur D'alene level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    FREEDOM MORTGAGE CORPORATION 99 2.41% $4,498
    QUICKEN LOANS, LLC 95 2.41% $6,731
    Willamette Valley Bank 86 2.69% $10,116
    Glacier Bank 65 2.57% $9,880
    PENNYMAC LOAN SERVICES, LLC 49 2.35% $7,177
    Mortgage Research Center, LLC 49 2.76% $7,849
    NEW DAY FINANCIAL, LLC 47 2.66% $11,404
    LAKEVIEW LOAN SERVICING, LLC 35 2.44% $2,872
    LOANDEPOT.COM, LLC 34 2.50% $4,116
    UNITED WHOLESALE MORTGAGE, LLC 33 2.36% $7,638
    CLEARPATH LENDING 30 2.40% $6,737
    Platinum Home Mortgage Corporation 27 2.85% $10,880
    USAA Federal Savings Bank 22 2.88% $4,601
    GUILD MORTGAGE COMPANY 19 2.48% $5,433
    CALIBER HOME LOANS, INC. 19 2.61% $6,580
    NAVY FEDERAL CREDIT UNION 19 2.39% $6,726
    VILLAGE CAPITAL & INVESTMENT LLC 17 2.26% $4,289
    PREMIER MORTGAGE RESOURCES, L.L.C. 16 2.86% $11,287
    AMERICAN PACIFIC MORTGAGE CORPORATION 16 2.70% $12,946
    Umpqua Bank 16 2.51% $11,480
    HOMEBRIDGE FINANCIAL SERVICES, INC. 15 2.60% $10,944
    The Federal Savings Bank 15 2.54% $12,552
    GLOBAL 14 2.46% $7,490
    IDAHO CENTRAL 14 2.61% $10,304
    PLANET HOME LENDING, LLC 11 2.44% $3,045
    First Interstate Bank 11 2.69% $7,509
    Washington Trust Bank 10 2.63% $4,353
    STEARNS LENDING, LLC 10 2.44% $5,012
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 2.86% $8,474
    Mr. Cooper ( Nationstar Mortgage ) 9 2.46% $4,567
    HOME POINT FINANCIAL CORPORATION 9 2.35% $3,718
    BROKER SOLUTIONS, INC. 8 2.69% $8,785
    AMERISAVE MORTGAGE CORPORATION 7 2.59% $3,736
    Wells Fargo Bank 7 2.46% $3,819
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 7 3.34% $8,650
    ACADEMY MORTGAGE CORPORATION 7 2.84% $17,629
    Sunflower Bank 6 2.93% $15,899
    Magnolia Bank 6 2.38% $9,458
    NEWREZ LLC 5 2.85% $3,549
    AMERICAN FINANCING CORPORATION 5 2.63% $4,311
    Low VA Rates, LLC 5 2.35% $8,928
    Wallick & Volk, Inc. 5 3.10% $9,126
    Carrington Mortgage Services, LLC 5 3.30% $5,079
    NUMERICA CREDIT UNION 4 2.47% $7,449
    Wyndham Capital Mortgage, Inc. 4 2.34% $7,339
    U.S. Bank 4 2.78% $3,732
    FINANCE OF AMERICA MORTGAGE LLC 4 2.72% $9,908
    CELEBRITY HOME LOANS, LLC 4 3.22% $19,183
    First Federal Bank 4 2.75% $11,468
    SUN WEST MORTGAGE COMPANY, INC. 4 2.53% $8,002
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 2.72% $4,999
    AMERICAN FINANCIAL NETWORK, INC. 4 2.84% $15,074
    GUARANTEED RATE, INC. 4 2.47% $10,195
    CROSSCOUNTRY MORTGAGE, LLC 4 2.81% $9,244
    Barrington Bank & Trust Company, N.A. 4 2.71% $4,713
    MUTUAL OF OMAHA MORTGAGE, INC. 4 2.56% $3,514
    North American Savings Bank, F.S.B. 3 2.38% $8,260
    Paramount Residential Mortgage Group, Inc. 3 2.71% $7,732
    NBKC BANK 3 2.33% $4,068
    KELLER MORTGAGE, LLC 3 2.42% $14,453
    Prime Choice Funding Inc. 3 2.33% $2,817
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.04% $11,291
    Flagstar Bank, FSB 3 2.63% $3,201
    ZILLOW HOME LOANS, LLC 2 2.50% $11,408
    ACCELERATE MORTGAGE, LLC 2 2.25% $5,508
    Banner Bank 2 2.50% $7,987
    BAY EQUITY LLC 2 2.81% $10,173
    BELEM SERVICING LLC 2 2.87% $6,337
    BNC National Bank 2 2.31% $16,022
    CHURCHILL MORTGAGE CORPORATION 2 3.06% $11,265
    Columbia State Bank 2 2.75% $6,923
    Goldwater Bank, N.A. 2 2.81% $12,685
    Meridian Bank Corporation 2 2.94% $4,765
    MOVEMENT MORTGAGE, LLC 2 2.81% $9,178
    Wheatland Bank 2 3.19% $17,853
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 2.63% $7,689
    Paramount Bank 1 2.50% $4,496
    Northpointe Bank 1 3.00% $0
    MOUNTAIN AMERICA 1 2.00% $3,781
    PENTAGON FEDERAL CREDIT UNION 1 2.25% $0
    LENDUS, LLC 1 2.25% $2,605
    LEADERONE FINANCIAL CORPORATION 1 2.25% $3,097
    KS StateBank 1 2.25% $3,381
    HORIZON 1 2.88% $5,026
    HomeStreet Bank 1 3.00% $4,931
    GENEVA FINANCIAL, LLC 1 3.13% $23,243
    S1L, Inc. 1 2.50% $4,665
    Servion, Inc. 1 2.75% $5,164
    Sierra Pacific Mortgage Company, Inc. 1 2.88% $10,075
    Florida Capital Bank 1 2.38% $4,841
    Strong Home Mortgage, LLC 1 2.25% $3,254
    First Home Bank 1 2.63% $2,529
    First Guaranty Mortgage Corporation 1 2.25% $6,611
    SWBC MORTGAGE CORPORATION 1 3.13% $19,227
    The Central Trust Bank 1 2.25% $10,241
    FirstBank 1 2.38% $2,921
    Truist Bank 1 2.75% $2,599
    Farmers & Stockmens Bank 1 2.25% $0
    UNITED SECURITY FINANCIAL CORP 1 1.75% $5,077
    ENVOY MORTGAGE, LTD 1 2.50% $10,245
    CMG MORTGAGE, INC. 1 3.75% $35,272
    CITYWIDE HOME LOANS, LLC 1 2.75% $67,246
    CANOPY MORTGAGE, LLC 1 2.88% $3,009
    Bell Bank 1 2.63% $2,448
    Bank of England 1 3.38% $21,077
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.25% $4,929
    1st Security Bank of Washington 1 2.62% $5,833
    AmeriHome Mortgage Company, LLC 1 2.88% $3,785
    AMERICA FIRST 1 2.50% $28,644
    NP, Inc. 1 2.25% $3,299

    The top Coeur D'alene VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 99 VA loans originated. Their average total fees are $4,498, which is $2,234 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Coeur D'alene VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,872), PLANET HOME LENDING, LLC ($3,045), LOANDEPOT.COM, LLC ($4,116), VILLAGE CAPITAL & INVESTMENT LLC ($4,289) and Washington Trust Bank ($4,353).

    The lowest rate Coeur D'alene VA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC (2.26%), PENNYMAC LOAN SERVICES, LLC (2.35%), UNITED WHOLESALE MORTGAGE, LLC (2.36%), NAVY FEDERAL CREDIT UNION (2.39%) and CLEARPATH LENDING (2.40%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Coeur D'alene (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 $388,000 (18.7%) $672,507 (18.4%) 1.43 992
    2018-02-01 $399,000 (24.4%) $672,578 (21.4%) 1.44 996
    2018-03-01 $385,000 (18.6%) $670,097 (18.2%) 1.33 1,058
    2018-04-01 $383,450 (9.6%) $667,027 (11.2%) 1.29 1,189
    2018-05-01 $397,000 (10.3%) $687,690 (11.5%) 1.32 1,359
    2018-06-01 $399,900 (6.7%) $675,566 (8.1%) 1.33 1,483
    2018-07-01 $398,673 (6.3%) $670,402 (8.0%) 1.33 1,552
    2018-08-01 $399,995 (4.9%) $676,922 (5.6%) 1.34 1,550
    2018-09-01 $399,900 (1.2%) $666,364 (1.1%) 1.34 1,517
    2018-10-01 $399,950 (0.8%) $652,117 (-3.3%) 1.34 1,423
    2018-11-01 $400,773 (0.4%) $656,296 (-4.8%) 1.34 1,239
    2018-12-01 $400,000 (0.0%) $659,963 (-6.7%) 1.37 1,122
    2019-01-01 $427,185 (10.1%) $712,901 (6.0%) 1.47 854
    2019-02-01 $444,000 (11.3%) $751,109 (11.7%) 1.49 783
    2019-03-01 $439,229 (14.1%) $743,620 (11.0%) 1.43 812
    2019-04-01 $431,729 (12.6%) $722,110 (8.3%) 1.36 914
    2019-05-01 $465,000 (17.1%) $739,513 (7.5%) 1.43 1,025
    2019-06-01 $469,900 (17.5%) $736,727 (9.1%) 1.45 1,121
    2019-07-01 $469,450 (17.8%) $739,013 (10.2%) 1.46 1,207
    2019-08-01 $474,900 (18.7%) $740,709 (9.4%) 1.49 1,188
    2019-09-01 $476,200 (19.1%) $739,940 (11.0%) 1.51 1,144
    2019-10-01 $450,650 (12.7%) $715,264 (9.7%) 1.44 1,084
    2019-11-01 $449,000 (12.0%) $693,428 (5.7%) 1.45 912
    2019-12-01 $449,375 (12.3%) $690,726 (4.7%) 1.50 787
    2020-01-01 $452,202 (5.9%) $725,704 (1.8%) 1.51 649
    2020-02-01 $469,500 (5.7%) $769,664 (2.5%) 1.52 564
    2020-03-01 $452,202 (3.0%) $744,837 (0.2%) 1.41 650
    2020-04-01 $440,675 (2.1%) $692,323 (-4.1%) 1.37 840
    2020-05-01 $449,900 (-3.3%) $691,824 (-6.5%) 1.36 958
    2020-06-01 $482,000 (2.6%) $734,758 (-0.3%) 1.41 958
    2020-07-01 $479,700 (2.2%) $789,444 (6.8%) 1.37 880
    2020-08-01 $490,000 (3.2%) $868,338 (17.2%) 1.40 739
    2020-09-01 $499,949 (5.0%) $990,537 (33.9%) 1.43 607
    2020-10-01 $526,600 (16.9%) $1,145,309 (60.1%) 1.50 473
    2020-11-01 $549,444 (22.4%) $1,191,690 (71.9%) 1.57 281
    2020-12-01 $732,500 (63.0%) $1,578,009 (128.5%) 2.15 172
    2021-01-01 $750,000 (65.9%) $1,581,657 (118.0%) 2.21 148
    2021-02-01 $694,950 (48.0%) $1,509,483 (96.1%) 2.00 203
    2021-03-01 $677,000 (49.7%) $1,333,731 (79.1%) 1.90 297
    2021-04-01 $825,000 (87.2%) $1,506,856 (117.7%) 2.22 314
    2021-05-01 $849,000 (88.7%) $1,544,147 (123.2%) 2.23 362
    2021-06-01 $832,000 (72.6%) $1,548,945 (110.8%) 2.16 427
    2021-07-01 $784,950 (63.6%) $1,449,170 (83.6%) 2.04 532
    2021-08-01 $748,250 (52.7%) $1,246,696 (43.6%) 1.97 596
    2021-09-01 $749,450 (49.9%) $1,291,997 (30.4%) 1.97 593
    2021-10-01 $713,400 (35.5%) $2,195,440 (91.7%) 1.88 557
    2021-11-01 $789,500 (43.7%) $1,402,676 (17.7%) 2.08 391
    2021-12-01 $842,450 (15.0%) $1,482,503 (-6.1%) 2.25 313
    2022-01-01 $858,150 (14.4%) $1,550,502 (-2.0%) 2.29 202
    2022-02-01 $989,375 (42.4%) $1,751,103 (16.0%) 2.52 184
    2022-03-01 $1,007,891 (48.9%) $1,805,419 (35.4%) 2.49 237
    Coeur D'alene's median listing price for 2022-03-01 was $1,007,891, a difference of $330,891 (48.9%) versus the prior year and $18,516 versus the prior month.

    Coeur D'alene's median listing price comes in at 249% of the national average.

    Coeur D'alene's average listing price for 2022-03-01 was $1,805,419, a difference of $471,688 (35.4%) versus the prior year and $54,316 versus the prior month.

    For the 2022-03-01 period, Coeur D'alene had 237 MLS listings, a difference of 53 listings (29%) versus the prior month and -60 listings (-20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Coeur D'alene (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 101 days 2,266 sqft
    2018-02-01 85 days 2,251 sqft
    2018-03-01 56 days 2,184 sqft
    2018-04-01 43 days 2,215 sqft
    2018-05-01 42 days 2,224 sqft
    2018-06-01 45 days 2,258 sqft
    2018-07-01 52 days 2,254 sqft
    2018-08-01 56 days 2,261 sqft
    2018-09-01 59 days 2,210 sqft
    2018-10-01 69 days 2,183 sqft
    2018-11-01 77 days 2,152 sqft
    2018-12-01 88 days 2,153 sqft
    2019-01-01 89 days 2,193 sqft
    2019-02-01 87 days 2,217 sqft
    2019-03-01 57 days 2,169 sqft
    2019-04-01 40 days 2,151 sqft
    2019-05-01 41 days 2,236 sqft
    2019-06-01 46 days 2,310 sqft
    2019-07-01 49 days 2,325 sqft
    2019-08-01 55 days 2,353 sqft
    2019-09-01 61 days 2,344 sqft
    2019-10-01 69 days 2,247 sqft
    2019-11-01 83 days 2,192 sqft
    2019-12-01 87 days 2,204 sqft
    2020-01-01 93 days 2,232 sqft
    2020-02-01 79 days 2,300 sqft
    2020-03-01 28 days 2,209 sqft
    2020-04-01 35 days 2,167 sqft
    2020-05-01 43 days 2,192 sqft
    2020-06-01 42 days 2,236 sqft
    2020-07-01 39 days 2,245 sqft
    2020-08-01 38 days 2,232 sqft
    2020-09-01 38 days 2,230 sqft
    2020-10-01 37 days 2,214 sqft
    2020-11-01 41 days 2,260 sqft
    2020-12-01 50 days 2,357 sqft
    2021-01-01 46 days 2,396 sqft
    2021-02-01 19 days 2,304 sqft
    2021-03-01 16 days 2,276 sqft
    2021-04-01 23 days 2,398 sqft
    2021-05-01 24 days 2,388 sqft
    2021-06-01 24 days 2,400 sqft
    2021-07-01 27 days 2,303 sqft
    2021-08-01 31 days 2,263 sqft
    2021-09-01 35 days 2,292 sqft
    2021-10-01 42 days 2,288 sqft
    2021-11-01 55 days 2,311 sqft
    2021-12-01 65 days 2,328 sqft
    2022-01-01 60 days 2,356 sqft
    2022-02-01 29 days 2,390 sqft
    2022-03-01 26 days 2,445 sqft
    Coeur D'alene's median listing age (time on market) for 2022-03-01 was 26 days. This is 63% longer than the same period one year ago.

    Coeur D'alene's median square footage for active listings during the 2022-03-01 period was 2,445 sqft. One year prior, the average listing was 2,276 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.