Idaho Falls VA Loan Rates, Closing Costs & Stats

IDAHO FALLS, 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 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.

Idaho Falls's 57 lenders originated 217 VA loans during 2023. The total origination value was $83,825,000, with an average VA loan value of $386,290.

Idaho Falls VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Idaho Falls averaged 6.36% for the week of 2024-07-05, compared to the national average (all VA variants) of 6.475% for the same period.

Idaho Falls's average VA mortgage closing costs are $7,291.

The average rate for the prior week (2024-06-28) was 6.56% and one month ago for the week of 2024-05-31, the average rate was 6.48%.

The average rate one year ago was 6.33%.

For refis of the same type during the week of 2024-07-05, the average rate was 6.5%.

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

Idaho Falls 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 Idaho Falls level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Eagle Bank and Trust Company 26 6.14% $9,727
Mortgage Research Center, LLC 22 6.48% $10,207
UNITED WHOLESALE MORTGAGE, LLC 16 6.04% $11,756
QUICKEN LOANS, LLC 15 5.85% $15,587
NAVY FEDERAL CREDIT UNION 11 5.93% $6,522
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 8 6.33% $13,242
Flagstar Bank, FSB 7 6.39% $8,222
VILLAGE CAPITAL MORTGAGE 6 5.46% $9,892
CANOPY MORTGAGE, LLC 6 6.37% $10,837
USAA Federal Savings Bank 5 6.28% $9,194
IDAHO CENTRAL 5 6.38% $14,079
NEW DAY FINANCIAL, LLC 5 7.14% $22,818
Mr. Cooper ( Nationstar Mortgage ) 4 6.22% $21,066
LOANDEPOT.COM, LLC 4 5.81% $15,036
MANN FINANCIAL INC. 4 6.22% $16,574
CMG MORTGAGE, INC. 4 6.13% $12,821
BELEM SERVICING LLC 4 6.44% $10,249
INTERCAP LENDING INC. 3 5.54% $6,741
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 5.63% $12,950
The Federal Savings Bank 3 6.33% $12,267
BROKER SOLUTIONS, INC. 3 6.04% $25,449
U.S. Bank 2 6.00% $14,895
S1L, Inc. 2 6.25% $4,439
PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.63% $12,146
FREEDOM MORTGAGE CORPORATION 2 6.00% $22,074
First Federal Bank 2 5.69% $16,057
Magnolia Bank 2 5.81% $9,340
PENNYMAC LOAN SERVICES, LLC 2 5.69% $6,722
NBKC BANK 2 5.38% $10,686
CITYWIDE HOME LOANS, LLC 2 7.25% $10,002
SUMMIT FUNDING, INC. 2 6.38% $30,570
WESTMARK Credit Union 1 6.13% $4,658
ACADEMY MORTGAGE CORPORATION 1 6.25% $8,741
AMERICAN FINANCING CORPORATION 1 5.50% $11,610
AMERISAVE MORTGAGE CORPORATION 1 6.50% $25,994
Ameris Bank 1 5.13% $20,818
Bank of Idaho 1 6.25% $15,242
BNC National Bank 1 5.00% $12,789
CARDINAL FINANCIAL 1 8.25% $23,073
Century Mortgage Company DBA Century Lending Company 1 4.63% $10,844
CHURCHILL MORTGAGE CORPORATION 1 5.13% $5,616
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.25% $12,216
Equity Prime Mortgage LLC 1 7.75% $10,780
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $3,115
Fifth Third Bank 1 6.13% $8,235
FIRST COLONY MORTGAGE CORPORATION 1 6.00% $0
Franklin Loan Corporation 1 7.13% $21,420
Gateway First Bank 1 6.25% $23,975
GUARANTEED RATE AFFINITY, LLC 1 6.75% $11,756
GUILD MORTGAGE COMPANY 1 7.13% $3,363
LAKEVIEW LOAN SERVICING, LLC 1 6.75% $9,709
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $7,286
POLARIS HOME FUNDING CORP. 1 7.63% $13,609
The Loan Store, Inc. 1 6.75% $9,981
VERITAS FUNDING, LLC 1 5.25% $6,207
Wells Fargo Bank 1 6.00% $9,546
1st Security Bank of Washington 1 5.25% $17,980

The top Idaho Falls VA lender as defined by loan originations is Eagle Bank and Trust Company, with 26 VA loans originated. Their average total fees are $9,727, which is $480 lower than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Idaho Falls VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($6,522), Eagle Bank and Trust Company ($9,727), Mortgage Research Center, LLC ($10,207), UNITED WHOLESALE MORTGAGE, LLC ($11,756) and QUICKEN LOANS, LLC ($15,587).

The lowest rate Idaho Falls VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.85%), NAVY FEDERAL CREDIT UNION (5.93%), UNITED WHOLESALE MORTGAGE, LLC (6.04%), Eagle Bank and Trust Company (6.14%) and Mortgage Research Center, LLC (6.48%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Idaho Falls (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 $242,450 (28.3%) $328,662 (29.2%) 0.00 340
2018-02-01 $254,675 (34.0%) $339,142 (30.5%) 0.00 297
2018-03-01 $269,900 (38.6%) $353,742 (36.0%) 0.00 274
2018-04-01 $260,000 (15.6%) $335,485 (13.1%) 0.00 287
2018-05-01 $261,075 (15.3%) $325,139 (6.3%) 0.00 317
2018-06-01 $259,900 (13.0%) $329,255 (7.2%) 0.00 347
2018-07-01 $259,573 (7.5%) $325,082 (2.3%) 0.00 373
2018-08-01 $259,900 (8.5%) $333,650 (8.3%) 0.00 397
2018-09-01 $265,000 (12.8%) $329,954 (7.3%) 0.00 415
2018-10-01 $264,000 (14.8%) $339,966 (12.0%) 0.00 394
2018-11-01 $267,000 (17.5%) $350,297 (12.2%) 0.00 362
2018-12-01 $259,900 (10.6%) $352,077 (8.4%) 0.00 293
2019-01-01 $267,475 (10.3%) $361,070 (9.9%) 0.00 241
2019-02-01 $287,400 (12.9%) $376,868 (11.1%) 0.00 244
2019-03-01 $294,214 (9.0%) $384,834 (8.8%) 0.00 231
2019-04-01 $299,450 (15.2%) $393,540 (17.3%) 0.00 221
2019-05-01 $294,900 (13.0%) $379,834 (16.8%) 0.00 270
2019-06-01 $290,000 (11.6%) $379,689 (15.3%) 0.00 302
2019-07-01 $292,400 (12.7%) $376,222 (15.7%) 0.00 324
2019-08-01 $287,909 (10.8%) $372,446 (11.6%) 0.00 342
2019-09-01 $288,523 (8.9%) $375,581 (13.8%) 0.00 342
2019-10-01 $288,932 (9.4%) $377,475 (11.0%) 0.00 345
2019-11-01 $285,000 (6.7%) $378,745 (8.1%) 0.00 329
2019-12-01 $291,500 (12.2%) $390,681 (11.0%) 0.00 285
2020-01-01 $289,950 (8.4%) $383,965 (6.3%) 0.00 253
2020-02-01 $295,000 (2.6%) $390,900 (3.7%) 0.00 243
2020-03-01 $317,500 (7.9%) $390,374 (1.4%) 0.00 226
2020-04-01 $315,000 (5.2%) $387,422 (-1.6%) 0.00 282
2020-05-01 $325,000 (10.2%) $382,808 (0.8%) 0.00 286
2020-06-01 $345,000 (19.0%) $413,042 (8.8%) 0.00 259
2020-07-01 $337,675 (15.5%) $406,416 (8.0%) 0.00 228
2020-08-01 $350,000 (21.6%) $414,207 (11.2%) 0.00 202
2020-09-01 $372,500 (29.1%) $441,407 (17.5%) 0.00 178
2020-10-01 $365,000 (26.3%) $452,841 (20.0%) 0.00 135
2020-11-01 $354,500 (24.4%) $452,978 (19.6%) 0.00 110
2020-12-01 $376,250 (29.1%) $429,850 (10.0%) 0.00 91
2021-01-01 $370,000 (27.6%) $412,898 (7.5%) 0.00 80
2021-02-01 $370,250 (25.5%) $418,466 (7.1%) 0.00 83
2021-03-01 $369,950 (16.5%) $457,891 (17.3%) 0.00 90
2021-04-01 $397,000 (26.0%) $510,978 (31.9%) 0.00 98
2021-05-01 $425,000 (30.8%) $528,690 (38.1%) 0.00 101
2021-06-01 $426,000 (23.5%) $559,917 (35.6%) 0.00 139
2021-07-01 $425,000 (25.9%) $528,546 (30.1%) 0.00 173
2021-08-01 $442,500 (26.4%) $532,943 (28.7%) 0.00 215
2021-09-01 $457,475 (22.8%) $534,187 (21.0%) 0.00 239
2021-10-01 $465,000 (27.4%) $540,918 (19.5%) 0.00 220
2021-11-01 $450,000 (26.9%) $545,001 (20.3%) 0.00 159
2021-12-01 $472,500 (25.6%) $560,704 (30.4%) 0.00 140
2022-01-01 $495,000 (33.8%) $599,189 (45.1%) 0.00 109
2022-02-01 $528,250 (42.7%) $639,341 (52.8%) 0.00 104
2022-03-01 $480,000 (29.8%) $584,891 (27.7%) 0.00 117
2022-04-01 $520,000 (31.0%) $596,107 (16.7%) 0.00 160
2022-05-01 $525,000 (23.5%) $614,484 (16.2%) 0.00 285
2022-06-01 $487,125 (14.4%) $587,344 (4.9%) 0.00 425
2022-07-01 $474,900 (11.7%) $560,541 (6.1%) 0.00 562
2022-08-01 $455,000 (2.8%) $528,340 (-0.9%) 0.00 593
2022-09-01 $451,250 (-1.4%) $529,558 (-0.9%) 0.00 566
2022-10-01 $450,000 (-3.2%) $534,708 (-1.2%) 0.00 536
2022-11-01 $450,000 (0.0%) $524,283 (-3.8%) 0.00 511
2022-12-01 $440,000 (-6.9%) $515,412 (-8.1%) 0.00 466
2023-01-01 $449,225 (-9.3%) $518,141 (-13.5%) 0.00 405
2023-02-01 $457,500 (-13.4%) $527,184 (-17.5%) 0.00 374
2023-03-01 $475,000 (-1.0%) $540,117 (-7.7%) 0.00 351
2023-04-01 $470,000 (-9.6%) $542,523 (-9.0%) 0.00 345
2023-05-01 $479,750 (-8.6%) $558,519 (-9.1%) 0.00 373
2023-06-01 $477,200 (-2.0%) $548,974 (-6.5%) 0.00 407
2023-07-01 $475,000 (0.0%) $550,467 (-1.8%) 0.00 466
2023-08-01 $466,250 (2.5%) $559,699 (5.9%) 0.00 456
2023-09-01 $459,950 (1.9%) $573,598 (8.3%) 0.00 455
2023-10-01 $447,500 (-0.6%) $566,911 (6.0%) 0.00 478
2023-11-01 $441,975 (-1.8%) $541,525 (3.3%) 0.00 451
2023-12-01 $435,000 (-1.1%) $523,897 (1.7%) 0.00 423
2024-01-01 $435,000 (-3.2%) $523,548 (1.0%) 0.00 349
2024-02-01 $445,000 (-2.7%) $532,274 (1.0%) 0.00 303
2024-03-01 $480,000 (1.1%) $569,816 (5.5%) 0.00 310
2024-04-01 $484,500 (3.1%) $584,265 (7.7%) 0.00 347
2024-05-01 $492,000 (2.6%) $598,915 (7.2%) 0.00 391
2024-06-01 $489,900 (2.7%) $605,643 (10.3%) 0.00 442
Idaho Falls's median listing price for 2024-06-01 was $489,900, a difference of $12,700 (2.7%) versus the prior year and $-2,100 versus the prior month.

Idaho Falls's median listing price comes in at 0% of the national average.

Idaho Falls's average listing price for 2024-06-01 was $605,643, a difference of $56,669 (10.3%) versus the prior year and $6,728 versus the prior month.

For the 2024-06-01 period, Idaho Falls had 442 MLS listings, a difference of 51 listings (13%) versus the prior month and 35 listings (9%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Idaho Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,953 sqft
2018-02-01 0 days 2,975 sqft
2018-03-01 0 days 3,012 sqft
2018-04-01 0 days 2,944 sqft
2018-05-01 0 days 2,926 sqft
2018-06-01 0 days 2,836 sqft
2018-07-01 0 days 2,784 sqft
2018-08-01 0 days 2,794 sqft
2018-09-01 0 days 2,790 sqft
2018-10-01 0 days 2,817 sqft
2018-11-01 0 days 2,959 sqft
2018-12-01 0 days 2,995 sqft
2019-01-01 0 days 2,941 sqft
2019-02-01 0 days 2,968 sqft
2019-03-01 0 days 2,965 sqft
2019-04-01 0 days 2,988 sqft
2019-05-01 0 days 2,880 sqft
2019-06-01 0 days 2,887 sqft
2019-07-01 0 days 2,819 sqft
2019-08-01 0 days 2,780 sqft
2019-09-01 0 days 2,765 sqft
2019-10-01 0 days 2,755 sqft
2019-11-01 0 days 2,688 sqft
2019-12-01 0 days 2,691 sqft
2020-01-01 0 days 2,735 sqft
2020-02-01 0 days 2,760 sqft
2020-03-01 0 days 2,854 sqft
2020-04-01 0 days 2,800 sqft
2020-05-01 0 days 2,864 sqft
2020-06-01 0 days 3,027 sqft
2020-07-01 0 days 2,914 sqft
2020-08-01 0 days 2,859 sqft
2020-09-01 0 days 2,833 sqft
2020-10-01 0 days 2,702 sqft
2020-11-01 0 days 2,567 sqft
2020-12-01 0 days 2,624 sqft
2021-01-01 0 days 2,396 sqft
2021-02-01 0 days 2,326 sqft
2021-03-01 0 days 2,716 sqft
2021-04-01 0 days 2,757 sqft
2021-05-01 0 days 2,800 sqft
2021-06-01 0 days 2,826 sqft
2021-07-01 0 days 2,728 sqft
2021-08-01 0 days 2,755 sqft
2021-09-01 0 days 2,795 sqft
2021-10-01 0 days 2,792 sqft
2021-11-01 0 days 2,798 sqft
2021-12-01 0 days 2,852 sqft
2022-01-01 0 days 2,884 sqft
2022-02-01 0 days 2,991 sqft
2022-03-01 0 days 2,772 sqft
2022-04-01 0 days 2,940 sqft
2022-05-01 0 days 2,959 sqft
2022-06-01 0 days 2,882 sqft
2022-07-01 0 days 2,842 sqft
2022-08-01 0 days 2,815 sqft
2022-09-01 0 days 2,806 sqft
2022-10-01 0 days 2,816 sqft
2022-11-01 0 days 2,905 sqft
2022-12-01 0 days 2,883 sqft
2023-01-01 0 days 2,888 sqft
2023-02-01 0 days 2,945 sqft
2023-03-01 0 days 2,998 sqft
2023-04-01 0 days 3,001 sqft
2023-05-01 0 days 2,973 sqft
2023-06-01 0 days 2,884 sqft
2023-07-01 0 days 2,826 sqft
2023-08-01 0 days 2,887 sqft
2023-09-01 0 days 2,882 sqft
2023-10-01 0 days 2,813 sqft
2023-11-01 0 days 2,740 sqft
2023-12-01 0 days 2,714 sqft
2024-01-01 0 days 2,735 sqft
2024-02-01 0 days 2,732 sqft
2024-03-01 0 days 2,773 sqft
2024-04-01 0 days 2,799 sqft
2024-05-01 0 days 2,869 sqft
2024-06-01 0 days 2,895 sqft
Idaho Falls's median listing age (time on market) for 2024-06-01 was 0 days.

Idaho Falls's median square footage for active listings during the 2024-06-01 period was 2,895 sqft. One year prior, the average listing was 2,884 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.