Lewiston VA Loan Rates, Closing Costs & Stats

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 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.

    Lewiston's 32 lenders originated 93 VA loans during 2023. The total origination value was $31,855,000, with an average VA loan value of $342,527.

    Lewiston VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lewiston averaged 0.39% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Lewiston's average VA mortgage closing costs are $6,579.

    The average rate for the prior week (2024-11-08) was 6.7% and one month ago for the week of 2024-10-11, the average rate was 6.07%.

    The average rate one year ago was 7.26%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.1%.

    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/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Lewiston level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 13 6.49% $8,654
    UNITED WHOLESALE MORTGAGE, LLC 11 6.08% $12,265
    BAY EQUITY LLC 8 6.89% $3,268
    FREEDOM MORTGAGE CORPORATION 5 6.23% $16,003
    CROSSCOUNTRY MORTGAGE, LLC 5 6.94% $3,786
    NEWREZ LLC 5 6.80% $14,216
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 6.75% $5,807
    QUICKEN LOANS, LLC 4 5.97% $18,468
    NAVY FEDERAL CREDIT UNION 4 5.72% $9,226
    The Federal Savings Bank 3 6.50% $13,005
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.00% $4,976
    MOVEMENT MORTGAGE, LLC 2 7.00% $7,488
    LOANDEPOT.COM, LLC 2 6.06% $26,686
    LAND HOME FINANCIAL SERVICES, INC. 2 6.63% $14,973
    USAA Federal Savings Bank 1 7.63% $9,990
    U.S. Bank 1 6.13% $15,766
    VERITAS FUNDING, LLC 1 6.25% $19,911
    VILLAGE CAPITAL MORTGAGE 1 4.75% $20,548
    Zions Bank 1 6.00% $5,963
    Banner Bank 1 5.50% $2,702
    Glacier Bank 1 7.25% $6,162
    GUILD MORTGAGE COMPANY 1 6.63% $11,839
    MANN FINANCIAL INC. 1 7.00% $6,395
    MICHIGAN MUTUAL, INC. 1 5.00% $10,534
    NBKC BANK 1 6.13% $3,220
    NEW DAY FINANCIAL, LLC 1 6.75% $3,201
    PENNYMAC LOAN SERVICES, LLC 1 5.63% $3,709
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $3,186
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.25% $850
    Sunflower Bank 1 6.13% $20,890
    SUN WEST MORTGAGE COMPANY, INC. 1 5.25% $13,708
    Umpqua Bank 1 6.88% $10,562

    The top Lewiston VA lender as defined by loan originations is Mortgage Research Center, LLC, with 13 VA loans originated. Their average total fees are $8,654, which is $3,611 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Lewiston VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($8,654), UNITED WHOLESALE MORTGAGE, LLC ($12,265), .

    The lowest rate Lewiston VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.08%), Mortgage Research Center, LLC (6.49%), .

    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 $232,188 (7.5%) $295,830 (7.8%) 0.00 211
    2018-02-01 $239,000 (11.2%) $295,371 (7.4%) 0.00 206
    2018-03-01 $246,500 (7.7%) $295,442 (12.7%) 0.00 239
    2018-04-01 $252,750 (6.2%) $297,066 (11.0%) 0.00 261
    2018-05-01 $250,500 (4.2%) $304,760 (13.7%) 0.00 286
    2018-06-01 $249,900 (4.2%) $300,576 (13.9%) 0.00 281
    2018-07-01 $250,500 (4.8%) $306,691 (17.5%) 0.00 292
    2018-08-01 $252,325 (6.5%) $307,942 (17.6%) 0.00 291
    2018-09-01 $249,500 (4.4%) $314,107 (17.0%) 0.00 273
    2018-10-01 $245,450 (6.9%) $307,675 (15.9%) 0.00 262
    2018-11-01 $239,225 (1.8%) $303,161 (8.1%) 0.00 251
    2018-12-01 $239,500 (2.6%) $315,218 (9.2%) 0.00 192
    2019-01-01 $239,925 (3.3%) $312,282 (5.6%) 0.00 170
    2019-02-01 $239,975 (0.4%) $309,539 (4.8%) 0.00 171
    2019-03-01 $250,257 (1.5%) $316,103 (7.0%) 0.00 203
    2019-04-01 $265,875 (5.2%) $327,586 (10.3%) 0.00 244
    2019-05-01 $281,125 (12.2%) $337,016 (10.6%) 0.00 132
    2019-06-01 $278,450 (11.4%) $348,751 (16.0%) 0.00 140
    2019-07-01 $287,212 (14.7%) $363,791 (18.6%) 0.00 142
    2019-08-01 $282,805 (12.1%) $359,764 (16.8%) 0.00 139
    2019-09-01 $272,761 (9.3%) $343,663 (9.4%) 0.00 146
    2019-10-01 $264,975 (8.0%) $327,642 (6.5%) 0.00 150
    2019-11-01 $259,900 (8.6%) $318,110 (4.9%) 0.00 151
    2019-12-01 $262,200 (9.5%) $327,247 (3.8%) 0.00 123
    2020-01-01 $266,125 (10.9%) $321,722 (3.0%) 0.00 102
    2020-02-01 $270,300 (12.6%) $327,075 (5.7%) 0.00 97
    2020-03-01 $267,000 (6.7%) $329,790 (4.3%) 0.00 97
    2020-04-01 $267,225 (0.5%) $335,275 (2.4%) 0.00 106
    2020-05-01 $297,000 (5.7%) $371,939 (10.4%) 0.00 98
    2020-06-01 $276,150 (-0.8%) $369,800 (6.0%) 0.00 84
    2020-07-01 $291,200 (1.4%) $380,219 (4.5%) 0.00 74
    2020-08-01 $285,000 (0.8%) $377,917 (5.1%) 0.00 83
    2020-09-01 $288,450 (5.8%) $371,529 (8.1%) 0.00 78
    2020-10-01 $289,900 (9.4%) $398,558 (21.6%) 0.00 73
    2020-11-01 $281,400 (8.3%) $413,648 (30.0%) 0.00 63
    2020-12-01 $276,425 (5.4%) $411,398 (25.7%) 0.00 50
    2021-01-01 $277,900 (4.4%) $426,857 (32.7%) 0.00 40
    2021-02-01 $319,700 (18.3%) $531,551 (62.5%) 0.00 31
    2021-03-01 $361,750 (35.5%) $555,545 (68.5%) 0.00 35
    2021-04-01 $361,475 (35.3%) $560,728 (67.2%) 0.00 34
    2021-05-01 $369,000 (24.2%) $531,825 (43.0%) 0.00 46
    2021-06-01 $349,750 (26.7%) $533,043 (44.1%) 0.00 52
    2021-07-01 $312,500 (7.3%) $488,653 (28.5%) 0.00 66
    2021-08-01 $342,500 (20.2%) $547,764 (44.9%) 0.00 94
    2021-09-01 $344,700 (19.5%) $564,421 (51.9%) 0.00 94
    2021-10-01 $354,900 (22.4%) $562,640 (41.2%) 0.00 96
    2021-11-01 $388,225 (38.0%) $580,352 (40.3%) 0.00 81
    2021-12-01 $380,000 (37.5%) $613,532 (49.1%) 0.00 66
    2022-01-01 $394,250 (41.9%) $625,021 (46.4%) 0.00 52
    2022-02-01 $401,450 (25.6%) $684,868 (28.8%) 0.00 40
    2022-03-01 $423,225 (17.0%) $658,655 (18.6%) 0.00 46
    2022-04-01 $432,500 (19.7%) $595,591 (6.2%) 0.00 67
    2022-05-01 $432,475 (17.2%) $632,952 (19.0%) 0.00 77
    2022-06-01 $444,450 (27.1%) $605,865 (13.7%) 0.00 103
    2022-07-01 $419,900 (34.4%) $552,593 (13.1%) 0.00 137
    2022-08-01 $414,950 (21.2%) $536,675 (-2.0%) 0.00 154
    2022-09-01 $432,450 (25.5%) $539,189 (-4.5%) 0.00 148
    2022-10-01 $441,825 (24.5%) $538,265 (-4.3%) 0.00 151
    2022-11-01 $433,425 (11.6%) $506,412 (-12.7%) 0.00 151
    2022-12-01 $419,000 (10.3%) $488,449 (-20.4%) 0.00 136
    2023-01-01 $417,250 (5.8%) $479,987 (-23.2%) 0.00 134
    2023-02-01 $419,500 (4.5%) $473,268 (-30.9%) 0.00 131
    2023-03-01 $413,000 (-2.4%) $482,940 (-26.7%) 0.00 111
    2023-04-01 $415,000 (-4.1%) $483,863 (-18.8%) 0.00 118
    2023-05-01 $425,900 (-1.5%) $507,323 (-19.9%) 0.00 127
    2023-06-01 $440,250 (-0.9%) $531,127 (-12.3%) 0.00 139
    2023-07-01 $430,000 (2.4%) $544,129 (-1.5%) 0.00 169
    2023-08-01 $428,000 (3.1%) $547,564 (2.0%) 0.00 186
    2023-09-01 $425,000 (-1.7%) $545,712 (1.2%) 0.00 191
    2023-10-01 $423,500 (-4.2%) $552,591 (2.7%) 0.00 191
    2023-11-01 $425,000 (-1.9%) $560,405 (10.7%) 0.00 172
    2023-12-01 $417,250 (-0.4%) $553,741 (13.4%) 0.00 147
    2024-01-01 $422,500 (1.3%) $566,680 (18.1%) 0.00 137
    2024-02-01 $416,050 (-0.8%) $564,795 (19.3%) 0.00 135
    2024-03-01 $419,500 (1.6%) $559,282 (15.8%) 0.00 129
    2024-04-01 $439,500 (5.9%) $581,126 (20.1%) 0.00 142
    2024-05-01 $465,200 (9.2%) $584,521 (15.2%) 0.00 155
    2024-06-01 $445,000 (1.1%) $577,793 (8.8%) 0.00 173
    2024-07-01 $439,625 (2.2%) $571,708 (5.1%) 0.00 184
    2024-08-01 $438,250 (2.4%) $564,529 (3.1%) 0.00 196
    2024-09-01 $437,250 (2.9%) $543,814 (-0.4%) 0.00 204
    2024-10-01 $434,725 (2.7%) $547,071 (-1.0%) 0.00 193
    Lewiston's median listing price for 2024-10-01 was $434,725, a difference of $11,225 (2.7%) versus the prior year and $-2,525 versus the prior month.

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

    Lewiston's average listing price for 2024-10-01 was $547,071, a difference of $-5,520 (-1.0%) versus the prior year and $3,257 versus the prior month.

    For the 2024-10-01 period, Lewiston had 193 MLS listings, a difference of -11 listings (-5%) versus the prior month and 2 listings (1%) 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 2,128 sqft
    2018-02-01 0 days 2,183 sqft
    2018-03-01 0 days 2,176 sqft
    2018-04-01 0 days 2,218 sqft
    2018-05-01 0 days 2,220 sqft
    2018-06-01 0 days 2,240 sqft
    2018-07-01 0 days 2,247 sqft
    2018-08-01 0 days 2,251 sqft
    2018-09-01 0 days 2,238 sqft
    2018-10-01 0 days 2,162 sqft
    2018-11-01 0 days 2,099 sqft
    2018-12-01 0 days 2,138 sqft
    2019-01-01 0 days 2,154 sqft
    2019-02-01 0 days 2,156 sqft
    2019-03-01 0 days 2,194 sqft
    2019-04-01 0 days 2,216 sqft
    2019-05-01 0 days 2,209 sqft
    2019-06-01 0 days 2,184 sqft
    2019-07-01 0 days 2,246 sqft
    2019-08-01 0 days 2,352 sqft
    2019-09-01 0 days 2,359 sqft
    2019-10-01 0 days 2,353 sqft
    2019-11-01 0 days 2,296 sqft
    2019-12-01 0 days 2,340 sqft
    2020-01-01 0 days 2,371 sqft
    2020-02-01 0 days 2,288 sqft
    2020-03-01 0 days 2,162 sqft
    2020-04-01 0 days 2,111 sqft
    2020-05-01 0 days 2,288 sqft
    2020-06-01 0 days 2,155 sqft
    2020-07-01 0 days 2,194 sqft
    2020-08-01 0 days 2,243 sqft
    2020-09-01 0 days 2,231 sqft
    2020-10-01 0 days 2,190 sqft
    2020-11-01 0 days 2,189 sqft
    2020-12-01 0 days 2,046 sqft
    2021-01-01 0 days 1,949 sqft
    2021-02-01 0 days 2,164 sqft
    2021-03-01 0 days 2,169 sqft
    2021-04-01 0 days 1,977 sqft
    2021-05-01 0 days 2,172 sqft
    2021-06-01 0 days 2,186 sqft
    2021-07-01 0 days 2,018 sqft
    2021-08-01 0 days 2,118 sqft
    2021-09-01 0 days 1,979 sqft
    2021-10-01 0 days 2,056 sqft
    2021-11-01 0 days 2,170 sqft
    2021-12-01 0 days 2,039 sqft
    2022-01-01 0 days 2,024 sqft
    2022-02-01 0 days 2,042 sqft
    2022-03-01 0 days 2,111 sqft
    2022-04-01 0 days 2,176 sqft
    2022-05-01 0 days 2,229 sqft
    2022-06-01 0 days 2,148 sqft
    2022-07-01 0 days 2,090 sqft
    2022-08-01 0 days 2,170 sqft
    2022-09-01 0 days 2,241 sqft
    2022-10-01 0 days 2,244 sqft
    2022-11-01 0 days 2,141 sqft
    2022-12-01 0 days 2,089 sqft
    2023-01-01 0 days 2,106 sqft
    2023-02-01 0 days 2,123 sqft
    2023-03-01 0 days 2,153 sqft
    2023-04-01 0 days 2,174 sqft
    2023-05-01 0 days 2,177 sqft
    2023-06-01 0 days 2,288 sqft
    2023-07-01 0 days 2,212 sqft
    2023-08-01 0 days 2,254 sqft
    2023-09-01 0 days 2,271 sqft
    2023-10-01 0 days 2,195 sqft
    2023-11-01 0 days 2,181 sqft
    2023-12-01 0 days 2,177 sqft
    2024-01-01 0 days 2,138 sqft
    2024-02-01 0 days 2,076 sqft
    2024-03-01 0 days 2,025 sqft
    2024-04-01 0 days 2,129 sqft
    2024-05-01 0 days 2,251 sqft
    2024-06-01 0 days 2,201 sqft
    2024-07-01 0 days 2,112 sqft
    2024-08-01 0 days 2,098 sqft
    2024-09-01 0 days 2,078 sqft
    2024-10-01 0 days 2,115 sqft
    Lewiston's median listing age (time on market) for 2024-10-01 was 0 days.

    Lewiston's median square footage for active listings during the 2024-10-01 period was 2,115 sqft. One year prior, the average listing was 2,195 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.