Kalispell VA Loan Rates, Closing Costs & Stats

Kalispell, MT

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.

Kalispell's 68 lenders originated 608 VA loans during 2021. The total origination value was $232,010,000, with an average VA loan value of $381,595.

Kalispell VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Kalispell averaged 6.69% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

Kalispell's average VA mortgage closing costs are $6,498.

The average rate for the prior week (2022-11-25) was 6.83% and one month ago for the week of 2022-10-28, the average rate was 7.22%.

The average rate one year ago was 3.49%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.53%.

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

Kalispell 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 Kalispell level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
BAY EQUITY LLC 52 2.80% $5,977
QUICKEN LOANS, LLC 48 2.42% $8,559
Mortgage Research Center, LLC 46 2.75% $9,322
FREEDOM MORTGAGE CORPORATION 36 2.37% $3,933
LENDUS, LLC 36 2.59% $9,930
Barrington Bank & Trust Company, N.A. 28 2.71% $6,901
NEW DAY FINANCIAL, LLC 28 2.75% $10,103
UNITED WHOLESALE MORTGAGE, LLC 27 2.53% $4,843
PENNYMAC LOAN SERVICES, LLC 26 2.37% $7,132
MANN FINANCIAL INC. 23 3.01% $8,911
NAVY FEDERAL CREDIT UNION 18 2.48% $5,240
LAKEVIEW LOAN SERVICING, LLC 17 2.55% $2,104
USAA Federal Savings Bank 14 2.80% $5,505
LOANDEPOT.COM, LLC 13 2.38% $7,511
CLEARPATH LENDING 11 2.25% $5,580
GUILD MORTGAGE COMPANY 9 2.68% $10,797
Plains Commerce Bank 9 2.57% $6,944
Wells Fargo Bank 8 2.64% $5,248
VILLAGE CAPITAL MORTGAGE 8 2.47% $2,771
Glacier Bank 6 2.77% $13,425
The Federal Savings Bank 5 2.78% $18,110
AMERICAN FINANCIAL NETWORK, INC. 5 2.28% $6,750
CALIBER HOME LOANS, INC. 5 2.55% $5,074
BROKER SOLUTIONS, INC. 5 2.25% $3,569
NBKC BANK 5 2.70% $7,134
Low VA Rates, LLC 4 2.31% $7,282
GUARANTEED RATE, INC. 4 2.41% $8,295
PENTAGON FEDERAL CREDIT UNION 3 2.25% $2,711
AMERISAVE MORTGAGE CORPORATION 3 2.67% $7,031
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 2.83% $11,413
ACCELERATE MORTGAGE, LLC 3 2.25% $3,392
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.08% $10,186
Mr. Cooper ( Nationstar Mortgage ) 2 2.50% $5,567
AMERICAN FINANCING CORPORATION 2 2.25% $4,284
Amerifirst Financial, Inc. 2 2.81% $3,222
Equity Prime Mortgage LLC 2 3.63% $9,006
FINANCE OF AMERICA MORTGAGE LLC 2 2.25% $11,196
First Interstate Bank 2 2.50% $3,414
Flagstar Bank, FSB 2 2.56% $4,827
HOME POINT FINANCIAL CORPORATION 2 2.25% $3,877
Magnolia Bank 2 2.25% $5,002
North American Savings Bank, F.S.B. 2 2.56% $5,095
PLANET HOME LENDING, LLC 2 2.38% $3,917
SOVEREIGN LENDING GROUP INCORPORATED 2 2.31% $15,393
Florida Capital Bank 1 2.63% $7,720
First Savings Bank 1 2.25% $15,709
First Home Bank 1 2.25% $3,547
NEWREZ LLC 1 2.50% $1,613
U.S. Bank 1 3.13% $2,739
OCMBC, INC. 1 3.25% $3,658
Opportunity Bank of Montana 1 2.25% $1,209
ENVOY MORTGAGE, LTD 1 3.13% $4,429
CORNERSTONE HOME LENDING, INC. 1 2.75% $19,281
Community First National Bank 1 2.38% $4,902
BNC National Bank 1 2.25% $2,799
PLAZA HOME MORTGAGE, INC. 1 2.38% $16,916
CMG MORTGAGE, INC. 1 2.75% $13,006
RELIANCE FIRST CAPITAL, LLC 1 2.63% $7,575
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.00% $4,186
Bell Bank 1 2.88% $1,868
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $3,200
The Central Trust Bank 1 2.25% $1,890
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 3.63% $16,322
Carrington Mortgage Services, LLC 1 2.88% $2,981
CANOPY MORTGAGE, LLC 1 2.25% $2,565
Meridian Bank Corporation 1 2.38% $4,787
INTERNATIONAL CITY MORTGAGE, INC. 1 3.13% $3,597
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.25% $1,670

The top Kalispell VA lender as defined by loan originations is BAY EQUITY LLC, with 52 VA loans originated. Their average total fees are $5,977, which is $2,583 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Kalispell VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,104), FREEDOM MORTGAGE CORPORATION ($3,933), UNITED WHOLESALE MORTGAGE, LLC ($4,843), NAVY FEDERAL CREDIT UNION ($5,240) and USAA Federal Savings Bank ($5,505).

The lowest rate Kalispell VA lenders (with over 10 loans originated) are CLEARPATH LENDING (2.25%), FREEDOM MORTGAGE CORPORATION (2.37%), PENNYMAC LOAN SERVICES, LLC (2.37%), LOANDEPOT.COM, LLC (2.38%) and QUICKEN LOANS, LLC (2.42%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Kalispell (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 $487,000 (7.2%) $979,762 (9.5%) 0.00 741
2018-02-01 $499,000 (8.7%) $983,837 (9.5%) 0.00 723
2018-03-01 $499,000 (7.6%) $939,716 (2.6%) 0.00 788
2018-04-01 $499,000 (6.3%) $969,438 (3.2%) 0.00 809
2018-05-01 $499,000 (3.6%) $926,069 (-0.8%) 0.00 918
2018-06-01 $499,000 (4.6%) $887,150 (-3.0%) 0.00 1,092
2018-07-01 $470,561 (-1.9%) $836,004 (-8.6%) 0.00 1,286
2018-08-01 $449,900 (-7.9%) $797,890 (-12.6%) 0.00 1,386
2018-09-01 $449,500 (-9.2%) $791,899 (-14.1%) 0.00 1,374
2018-10-01 $449,000 (-9.0%) $786,205 (-15.7%) 0.00 1,297
2018-11-01 $441,700 (-9.8%) $749,278 (-20.9%) 0.00 1,190
2018-12-01 $435,000 (-9.4%) $751,012 (-22.0%) 0.00 1,105
2019-01-01 $433,575 (-11.0%) $768,882 (-21.5%) 0.00 982
2019-02-01 $437,000 (-12.4%) $780,843 (-20.6%) 0.00 891
2019-03-01 $474,429 (-4.9%) $838,582 (-10.8%) 0.00 863
2019-04-01 $499,000 (0.0%) $846,499 (-12.7%) 0.00 898
2019-05-01 $499,000 (0.0%) $802,451 (-13.4%) 0.00 1,022
2019-06-01 $499,000 (0.0%) $780,822 (-12.0%) 0.00 1,119
2019-07-01 $486,750 (3.4%) $778,099 (-6.9%) 0.00 1,196
2019-08-01 $477,759 (6.2%) $784,517 (-1.7%) 0.00 1,167
2019-09-01 $475,898 (5.9%) $797,766 (0.7%) 0.00 1,104
2019-10-01 $474,225 (5.6%) $812,914 (3.4%) 0.00 1,039
2019-11-01 $460,700 (4.3%) $845,087 (12.8%) 0.00 909
2019-12-01 $449,900 (3.4%) $876,759 (16.7%) 0.00 828
2020-01-01 $442,500 (2.1%) $881,483 (14.6%) 0.00 725
2020-02-01 $439,900 (0.7%) $883,388 (13.1%) 0.00 649
2020-03-01 $454,450 (-4.2%) $874,678 (4.3%) 0.00 676
2020-04-01 $459,450 (-7.9%) $831,365 (-1.8%) 0.00 764
2020-05-01 $489,000 (-2.0%) $842,248 (5.0%) 0.00 755
2020-06-01 $499,000 (0.0%) $851,005 (9.0%) 0.00 738
2020-07-01 $519,468 (6.7%) $934,018 (20.0%) 0.00 683
2020-08-01 $497,700 (4.2%) $912,998 (16.4%) 0.00 658
2020-09-01 $526,250 (10.6%) $998,284 (25.1%) 0.00 597
2020-10-01 $489,000 (3.1%) $1,017,014 (25.1%) 0.00 512
2020-11-01 $475,700 (3.3%) $1,064,966 (26.0%) 0.00 480
2020-12-01 $448,500 (-0.3%) $1,027,140 (17.2%) 0.00 456
2021-01-01 $439,000 (-0.8%) $1,000,624 (13.5%) 0.00 404
2021-02-01 $405,975 (-7.7%) $1,008,902 (14.2%) 0.00 312
2021-03-01 $464,725 (2.3%) $1,046,870 (19.7%) 0.00 319
2021-04-01 $534,025 (16.2%) $1,045,426 (25.8%) 0.00 357
2021-05-01 $599,773 (22.7%) $1,078,425 (28.0%) 0.00 399
2021-06-01 $649,000 (30.1%) $1,189,360 (39.8%) 0.00 462
2021-07-01 $699,000 (34.6%) $1,223,731 (31.0%) 0.00 553
2021-08-01 $734,743 (47.6%) $1,227,683 (34.5%) 0.00 555
2021-09-01 $725,000 (37.8%) $1,242,903 (24.5%) 0.00 578
2021-10-01 $725,000 (48.3%) $1,296,566 (27.5%) 0.00 526
2021-11-01 $699,824 (47.1%) $1,285,258 (20.7%) 0.00 461
2021-12-01 $699,206 (55.9%) $1,339,526 (30.4%) 0.00 420
2022-01-01 $499,900 (13.9%) $1,213,913 (21.3%) 0.00 419
2022-02-01 $472,400 (16.4%) $1,178,083 (16.8%) 0.00 395
2022-03-01 $487,900 (5.0%) $1,191,091 (13.8%) 0.00 394
2022-04-01 $567,000 (6.2%) $1,182,797 (13.1%) 0.00 429
2022-05-01 $629,750 (5.0%) $1,234,416 (14.5%) 0.00 510
2022-06-01 $694,500 (7.0%) $1,263,273 (6.2%) 0.00 645
2022-07-01 $749,000 (7.2%) $1,271,848 (3.9%) 0.00 848
2022-08-01 $722,150 (-1.7%) $1,233,345 (0.5%) 0.00 917
2022-09-01 $722,025 (-0.4%) $1,278,589 (2.9%) 0.00 859
2022-10-01 $749,000 (3.3%) $1,317,447 (1.6%) 0.00 757
2022-11-01 $707,475 (1.1%) $1,299,176 (1.1%) 0.00 727
Kalispell's median listing price for 2022-11-01 was $707,475, a difference of $7,651 (1.1%) versus the prior year and $-41,525 versus the prior month.

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

Kalispell's average listing price for 2022-11-01 was $1,299,176, a difference of $13,918 (1.1%) versus the prior year and $-18,271 versus the prior month.

For the 2022-11-01 period, Kalispell had 727 MLS listings, a difference of -30 listings (-4%) versus the prior month and 266 listings (58%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Kalispell (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,479 sqft
2018-02-01 0 days 2,500 sqft
2018-03-01 0 days 2,448 sqft
2018-04-01 0 days 2,479 sqft
2018-05-01 0 days 2,443 sqft
2018-06-01 0 days 2,443 sqft
2018-07-01 0 days 2,321 sqft
2018-08-01 0 days 2,258 sqft
2018-09-01 0 days 2,262 sqft
2018-10-01 0 days 2,248 sqft
2018-11-01 0 days 2,180 sqft
2018-12-01 0 days 2,163 sqft
2019-01-01 0 days 2,112 sqft
2019-02-01 0 days 2,105 sqft
2019-03-01 0 days 2,208 sqft
2019-04-01 0 days 2,279 sqft
2019-05-01 0 days 2,338 sqft
2019-06-01 0 days 2,376 sqft
2019-07-01 0 days 2,293 sqft
2019-08-01 0 days 2,284 sqft
2019-09-01 0 days 2,259 sqft
2019-10-01 0 days 2,250 sqft
2019-11-01 0 days 2,249 sqft
2019-12-01 0 days 2,158 sqft
2020-01-01 0 days 2,128 sqft
2020-02-01 0 days 2,089 sqft
2020-03-01 0 days 2,102 sqft
2020-04-01 0 days 2,106 sqft
2020-05-01 0 days 2,160 sqft
2020-06-01 0 days 2,189 sqft
2020-07-01 0 days 2,199 sqft
2020-08-01 0 days 2,092 sqft
2020-09-01 0 days 2,110 sqft
2020-10-01 0 days 2,091 sqft
2020-11-01 0 days 2,055 sqft
2020-12-01 0 days 1,886 sqft
2021-01-01 0 days 1,722 sqft
2021-02-01 0 days 1,651 sqft
2021-03-01 0 days 1,721 sqft
2021-04-01 0 days 1,943 sqft
2021-05-01 0 days 1,936 sqft
2021-06-01 0 days 1,941 sqft
2021-07-01 0 days 1,948 sqft
2021-08-01 0 days 2,024 sqft
2021-09-01 0 days 2,102 sqft
2021-10-01 0 days 2,031 sqft
2021-11-01 0 days 2,021 sqft
2021-12-01 0 days 1,973 sqft
2022-01-01 0 days 1,542 sqft
2022-02-01 0 days 1,426 sqft
2022-03-01 0 days 1,469 sqft
2022-04-01 0 days 1,563 sqft
2022-05-01 0 days 1,657 sqft
2022-06-01 0 days 1,880 sqft
2022-07-01 0 days 1,915 sqft
2022-08-01 0 days 1,938 sqft
2022-09-01 0 days 1,882 sqft
2022-10-01 0 days 2,030 sqft
2022-11-01 0 days 2,028 sqft
Kalispell's median listing age (time on market) for 2022-11-01 was 0 days.

Kalispell's median square footage for active listings during the 2022-11-01 period was 2,028 sqft. One year prior, the average listing was 2,021 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.