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 38 lenders originated 137 VA loans during 2023. The total origination value was $74,245,000, with an average VA loan value of $541,934.

Kalispell VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Kalispell averaged 6.44% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

Kalispell's average VA mortgage closing costs are $7,454.

The average rate for the prior week (2024-07-12) was 6.38% and one month ago for the week of 2024-06-14, the average rate was 6.84%.

The average rate one year ago was 6.62%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.1%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 22 6.22% $10,131
CROSSCOUNTRY MORTGAGE, LLC 18 6.67% $12,385
Mortgage Research Center, LLC 12 6.63% $9,575
MANN FINANCIAL INC. 10 6.89% $13,885
QUICKEN LOANS, LLC 9 6.05% $12,179
Plains Commerce Bank 7 5.95% $11,503
USAA Federal Savings Bank 6 6.40% $5,612
Barrington Bank & Trust Company, N.A. 5 6.73% $18,793
BAY EQUITY LLC 4 6.00% $6,320
AMERISAVE MORTGAGE CORPORATION 3 4.92% $20,885
Stockman Bank of Montana 3 6.21% $13,677
VILLAGE CAPITAL MORTGAGE 3 5.21% $18,380
Prosperity Home Mortgage, LLC 3 5.71% $12,369
FREEDOM MORTGAGE CORPORATION 2 6.75% $18,880
Bank of England 2 6.50% $7,255
Paramount Residential Mortgage Group, Inc. 2 7.13% $9,505
NAVY FEDERAL CREDIT UNION 2 5.69% $21,186
PLAZA HOME MORTGAGE, INC. 1 6.25% $11,639
PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.13% $7,859
The Federal Savings Bank 1 6.63% $26,341
TOWNE MORTGAGE COMPANY 1 7.25% $4,547
MEGASTAR FINANCIAL CORP. 1 7.38% $20,666
CALCON MUTUAL MORTGAGE LLC 1 7.00% $14,068
CARDINAL FINANCIAL 1 6.63% $3,425
CMG MORTGAGE, INC. 1 5.99% $27,438
Equity Prime Mortgage LLC 1 7.13% $5,321
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 4.99% $9,373
Flagstar Bank, FSB 1 6.25% $7,337
Glacier Bank 1 5.50% $6,515
GUARANTEED RATE, INC. 1 5.75% $8,428
JPMorgan Chase Bank 1 6.25% $0
LOANDEPOT.COM, LLC 1 6.75% $12,781
Magnolia Bank 1 5.25% $13,733
AMCAP MORTGAGE, LTD. 1 7.25% $19,381
NATIONS DIRECT MORTGAGE, LLC 1 6.13% $8,872
NEW DAY FINANCIAL, LLC 1 6.99% $19,719
NEWREZ LLC 1 6.13% $3,064
PENNYMAC LOAN SERVICES, LLC 1 5.25% $19,346

The top Kalispell VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 22 VA loans originated. Their average total fees are $10,131, which is $2,254 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Kalispell VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($9,575), UNITED WHOLESALE MORTGAGE, LLC ($10,131), CROSSCOUNTRY MORTGAGE, LLC ($12,385), MANN FINANCIAL INC. ($13,885) and .

The lowest rate Kalispell VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.22%), Mortgage Research Center, LLC (6.63%), CROSSCOUNTRY MORTGAGE, LLC (6.67%), MANN FINANCIAL INC. (6.89%) and .

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.