Idaho Falls VA Loan Rates, Closing Costs & Stats

IDAHO FALLS, 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.

    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 6.94% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.57% and one month ago for the week of 2024-03-15, the average rate was 6.24%.

    The average rate one year ago was 5.93%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.08%.

    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
    Idaho Falls's median listing price for 2024-03-01 was $480,000, a difference of $5,000 (1.1%) versus the prior year and $35,000 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 2024-03-01 was $569,816, a difference of $29,699 (5.5%) versus the prior year and $37,542 versus the prior month.

    For the 2024-03-01 period, Idaho Falls had 310 MLS listings, a difference of 7 listings (2%) versus the prior month and -41 listings (-12%) 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
    Idaho Falls's median listing age (time on market) for 2024-03-01 was 0 days.

    Idaho Falls's median square footage for active listings during the 2024-03-01 period was 2,773 sqft. One year prior, the average listing was 2,998 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.