Lewiston VA Loans

LEWISTON, ID-WA

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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.

    Lewiston's 69 lenders originated 397 VA loans during 2021. The total origination value was $106,765,000, with an average VA loan value of $268,929.

    Lewiston VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lewiston averaged 5.71% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

    The average rate for the prior week (2022-05-06) was 5.74% and one month ago for the week of 2022-04-08, the average rate was 5.16%.

    The average rate one year ago was 3.18%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.49%.

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

    Lewiston 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 Lewiston level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    QUICKEN LOANS, LLC 38 2.48% $6,367
    FREEDOM MORTGAGE CORPORATION 31 2.49% $4,589
    Mortgage Research Center, LLC 24 2.81% $5,183
    AMERICAN PACIFIC MORTGAGE CORPORATION 21 2.92% $10,054
    NEW DAY FINANCIAL, LLC 18 2.84% $9,452
    BAY EQUITY LLC 17 3.00% $5,633
    HOMEBRIDGE FINANCIAL SERVICES, INC. 17 2.79% $6,451
    SUMMIT FUNDING, INC. 15 3.21% $10,331
    Wells Fargo Bank 15 2.52% $4,526
    MANN FINANCIAL INC. 13 3.29% $5,453
    PENNYMAC LOAN SERVICES, LLC 12 2.42% $4,828
    CALIBER HOME LOANS, INC. 11 2.60% $7,002
    UNITED WHOLESALE MORTGAGE, LLC 7 2.38% $3,509
    LOANDEPOT.COM, LLC 6 2.64% $5,998
    NAVY FEDERAL CREDIT UNION 6 2.33% $5,953
    Mr. Cooper ( Nationstar Mortgage ) 6 2.81% $4,014
    VILLAGE CAPITAL & INVESTMENT LLC 6 2.29% $3,531
    Umpqua Bank 5 2.83% $5,257
    USAA Federal Savings Bank 5 2.78% $1,599
    The Federal Savings Bank 4 3.00% $8,918
    CLEARPATH LENDING 4 2.41% $5,239
    Mid-Continent Funding, Inc. 4 2.88% $6,698
    Zions Bancorporation, N.A. 3 2.83% $2,298
    BROKER SOLUTIONS, INC. 3 2.83% $9,609
    HomeStreet Bank 3 2.75% $9,270
    LAKEVIEW LOAN SERVICING, LLC 3 2.58% $2,855
    ON Q FINANCIAL, INC. 2 2.63% $9,685
    Low VA Rates, LLC 2 2.38% $4,672
    Wyndham Capital Mortgage, Inc. 2 2.31% $3,031
    Nations Lending Corporation 2 3.63% $8,838
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.13% $8,749
    FINANCE OF AMERICA MORTGAGE LLC 2 3.06% $14,342
    Columbia State Bank 2 2.56% $11,063
    U.S. Bank 2 2.75% $13,943
    S1L, Inc. 2 2.93% $5,691
    AMERICAN FINANCING CORPORATION 2 2.31% $5,807
    Washington Trust Bank 2 2.81% $16,966
    ACCELERATE MORTGAGE, LLC 2 2.12% $5,909
    NEWREZ LLC 2 2.94% $6,340
    GUILD MORTGAGE COMPANY 2 2.50% $4,843
    GUARANTEED RATE, INC. 2 2.81% $2,214
    PLANET HOME LENDING, LLC 1 2.75% $2,102
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 2.25% $5,947
    CMG MORTGAGE, INC. 1 3.13% $14,297
    SOUTHWEST STAGE FUNDING, LLC 1 3.88% $3,959
    SOVEREIGN LENDING GROUP INCORPORATED 1 2.99% $850
    STEARNS LENDING, LLC 1 2.88% $7,415
    CHURCHILL MORTGAGE CORPORATION 1 2.38% $4,424
    CELEBRITY HOME LOANS, LLC 1 3.13% $16,541
    Barrington Bank & Trust Company, N.A. 1 2.66% $1,648
    Banner Bank 1 3.00% $2,951
    AXIA FINANCIAL, LLC 1 2.88% $5,815
    US MORTGAGE CORPORATION 1 2.25% $1,633
    Willamette Valley Bank 1 2.88% $13,728
    PENTAGON FEDERAL CREDIT UNION 1 2.25% $3,274
    1st Security Bank of Washington 1 2.75% $5,502
    LENDUS, LLC 1 2.25% $4,580
    FIRST COLONY MORTGAGE CORPORATION 1 2.63% $11,167
    Magnolia Bank 1 2.38% $24,016
    Meridian Bank Corporation 1 2.25% $3,566
    EVERETT FINANCIAL, INC. 1 3.00% $2,412
    MOVEMENT MORTGAGE, LLC 1 3.25% $4,315
    ENVOY MORTGAGE, LTD 1 2.75% $18,836
    MUTUAL OF OMAHA MORTGAGE, INC. 1 2.75% $1,189
    NATIONS DIRECT MORTGAGE, LLC 1 2.50% $2,314
    CONTOUR MORTGAGE CORPORATION 1 2.25% $11,776
    NBKC BANK 1 2.75% $2,074
    Colonial Savings, F.A. 1 2.50% $5,368
    PHH Mortgage Corporation 1 3.88% $2,775

    The top Lewiston VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 38 VA loans originated. Their average total fees are $6,367, which is $1,778 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee Lewiston VA lenders (with over 10 loans originated) are Wells Fargo Bank ($4,526), FREEDOM MORTGAGE CORPORATION ($4,589), PENNYMAC LOAN SERVICES, LLC ($4,828), Mortgage Research Center, LLC ($5,183) and MANN FINANCIAL INC. ($5,453).

    The lowest rate Lewiston VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (2.42%), QUICKEN LOANS, LLC (2.48%), FREEDOM MORTGAGE CORPORATION (2.49%), Wells Fargo Bank (2.52%) and CALIBER HOME LOANS, INC. (2.60%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lewiston (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 $229,500 (5.8%) $289,668 (-3.5%) 0.00 223
    2018-02-01 $237,900 (10.7%) $288,260 (-4.1%) 0.00 208
    2018-03-01 $240,000 (4.4%) $288,335 (8.9%) 0.00 244
    2018-04-01 $249,900 (4.6%) $294,245 (8.7%) 0.00 270
    2018-05-01 $249,950 (4.2%) $304,655 (13.0%) 0.00 298
    2018-06-01 $249,900 (4.2%) $301,453 (14.6%) 0.00 295
    2018-07-01 $253,500 (6.1%) $318,246 (22.2%) 0.00 299
    2018-08-01 $252,500 (5.7%) $320,118 (20.4%) 0.00 295
    2018-09-01 $254,000 (6.3%) $334,303 (24.1%) 0.00 278
    2018-10-01 $247,250 (6.8%) $327,402 (22.1%) 0.00 265
    2018-11-01 $239,900 (0.4%) $324,271 (15.2%) 0.00 254
    2018-12-01 $240,000 (3.1%) $343,458 (20.7%) 0.00 195
    2019-01-01 $244,750 (6.6%) $345,728 (19.4%) 0.00 179
    2019-02-01 $249,450 (4.9%) $340,556 (18.1%) 0.00 185
    2019-03-01 $249,386 (3.9%) $335,174 (16.2%) 0.00 248
    2019-04-01 $249,950 (0.0%) $332,065 (12.9%) 0.00 326
    2019-05-01 $292,375 (17.0%) $368,774 (21.1%) 0.00 144
    2019-06-01 $287,500 (15.1%) $391,008 (29.7%) 0.00 144
    2019-07-01 $288,500 (13.8%) $382,544 (20.2%) 0.00 146
    2019-08-01 $283,286 (12.2%) $376,343 (17.6%) 0.00 146
    2019-09-01 $278,036 (9.5%) $362,175 (8.3%) 0.00 163
    2019-10-01 $272,000 (10.0%) $350,500 (7.1%) 0.00 160
    2019-11-01 $259,900 (8.3%) $335,274 (3.4%) 0.00 157
    2019-12-01 $263,700 (9.9%) $350,689 (2.1%) 0.00 130
    2020-01-01 $268,700 (9.8%) $331,676 (-4.1%) 0.00 105
    2020-02-01 $275,000 (10.2%) $333,516 (-2.1%) 0.00 100
    2020-03-01 $272,400 (9.2%) $331,996 (-1.0%) 0.00 100
    2020-04-01 $274,250 (9.7%) $343,869 (3.6%) 0.00 109
    2020-05-01 $325,000 (11.2%) $416,257 (12.9%) 0.00 100
    2020-06-01 $298,450 (3.8%) $420,210 (7.5%) 0.00 82
    2020-07-01 $322,500 (11.8%) $436,845 (14.2%) 0.00 73
    2020-08-01 $297,000 (4.8%) $423,919 (12.6%) 0.00 82
    2020-09-01 $322,450 (16.0%) $420,533 (16.1%) 0.00 81
    2020-10-01 $308,900 (13.6%) $448,801 (28.1%) 0.00 77
    2020-11-01 $317,450 (22.1%) $468,327 (39.7%) 0.00 68
    2020-12-01 $299,950 (13.8%) $468,807 (33.7%) 0.00 48
    2021-01-01 $299,900 (11.6%) $473,361 (42.7%) 0.00 40
    2021-02-01 $352,250 (28.1%) $550,318 (65.0%) 0.00 30
    2021-03-01 $366,950 (34.7%) $551,788 (66.2%) 0.00 35
    2021-04-01 $363,500 (32.5%) $589,285 (71.4%) 0.00 35
    2021-05-01 $369,000 (13.5%) $553,258 (32.9%) 0.00 46
    2021-06-01 $354,450 (18.8%) $553,265 (31.7%) 0.00 52
    2021-07-01 $331,000 (2.6%) $508,387 (16.4%) 0.00 62
    2021-08-01 $359,400 (21.0%) $554,148 (30.7%) 0.00 93
    2021-09-01 $354,500 (9.9%) $575,575 (36.9%) 0.00 95
    2021-10-01 $374,900 (21.4%) $572,496 (27.6%) 0.00 98
    2021-11-01 $390,000 (22.9%) $590,751 (26.1%) 0.00 89
    2021-12-01 $384,500 (28.2%) $607,516 (29.6%) 0.00 71
    2022-01-01 $418,000 (39.4%) $640,192 (35.2%) 0.00 57
    2022-02-01 $431,250 (22.4%) $714,083 (29.8%) 0.00 45
    2022-03-01 $415,000 (13.1%) $667,034 (20.9%) 0.00 44
    2022-04-01 $435,000 (19.7%) $622,802 (5.7%) 0.00 62
    Lewiston's median listing price for 2022-04-01 was $435,000, a difference of $71,500 (19.7%) versus the prior year and $20,000 versus the prior month.

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

    Lewiston's average listing price for 2022-04-01 was $622,802, a difference of $33,517 (5.7%) versus the prior year and $-44,232 versus the prior month.

    For the 2022-04-01 period, Lewiston had 62 MLS listings, a difference of 18 listings (41%) versus the prior month and 27 listings (77%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lewiston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,119 sqft
    2018-02-01 0 days 2,153 sqft
    2018-03-01 0 days 2,175 sqft
    2018-04-01 0 days 2,216 sqft
    2018-05-01 0 days 2,216 sqft
    2018-06-01 0 days 2,240 sqft
    2018-07-01 0 days 2,256 sqft
    2018-08-01 0 days 2,262 sqft
    2018-09-01 0 days 2,260 sqft
    2018-10-01 0 days 2,198 sqft
    2018-11-01 0 days 2,114 sqft
    2018-12-01 0 days 2,166 sqft
    2019-01-01 0 days 2,149 sqft
    2019-02-01 0 days 2,109 sqft
    2019-03-01 0 days 2,134 sqft
    2019-04-01 0 days 2,128 sqft
    2019-05-01 0 days 2,203 sqft
    2019-06-01 0 days 2,184 sqft
    2019-07-01 0 days 2,237 sqft
    2019-08-01 0 days 2,335 sqft
    2019-09-01 0 days 2,368 sqft
    2019-10-01 0 days 2,348 sqft
    2019-11-01 0 days 2,264 sqft
    2019-12-01 0 days 2,301 sqft
    2020-01-01 0 days 2,342 sqft
    2020-02-01 0 days 2,288 sqft
    2020-03-01 0 days 2,110 sqft
    2020-04-01 0 days 2,058 sqft
    2020-05-01 0 days 2,339 sqft
    2020-06-01 0 days 2,190 sqft
    2020-07-01 0 days 2,204 sqft
    2020-08-01 0 days 2,413 sqft
    2020-09-01 0 days 2,298 sqft
    2020-10-01 0 days 2,200 sqft
    2020-11-01 0 days 2,204 sqft
    2020-12-01 0 days 2,150 sqft
    2021-01-01 0 days 2,024 sqft
    2021-02-01 0 days 2,074 sqft
    2021-03-01 0 days 2,166 sqft
    2021-04-01 0 days 2,005 sqft
    2021-05-01 0 days 2,178 sqft
    2021-06-01 0 days 2,184 sqft
    2021-07-01 0 days 2,089 sqft
    2021-08-01 0 days 2,110 sqft
    2021-09-01 0 days 1,960 sqft
    2021-10-01 0 days 2,056 sqft
    2021-11-01 0 days 2,224 sqft
    2021-12-01 0 days 2,040 sqft
    2022-01-01 0 days 2,036 sqft
    2022-02-01 0 days 2,036 sqft
    2022-03-01 0 days 2,071 sqft
    2022-04-01 0 days 2,036 sqft
    Lewiston's median listing age (time on market) for 2022-04-01 was 0 days.

    Lewiston's median square footage for active listings during the 2022-04-01 period was 2,036 sqft. One year prior, the average listing was 2,005 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.