Lewiston VA Loans
LEWISTON, ID-WA
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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.