Mountain Home VA Loan Rates, Closing Costs & Stats

Mountain Home, ID

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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.

    Mountain Home's 48 lenders originated 239 VA loans during 2023. The total origination value was $81,595,000, with an average VA loan value of $341,402.

    Mountain Home VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Mountain Home averaged 6.27% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Mountain Home's average VA mortgage closing costs are $7,125.

    The average rate for the prior week (2024-11-01) was 6.13% and one month ago for the week of 2024-10-04, the average rate was 5.46%.

    The average rate one year ago was 7.31%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.14%.

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

    Mountain Home 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 Mountain Home level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 55 6.49% $9,930
    MOVEMENT MORTGAGE, LLC 26 6.28% $11,613
    AMERICAN PACIFIC MORTGAGE CORPORATION 17 6.48% $12,138
    UNITED WHOLESALE MORTGAGE, LLC 16 6.05% $8,855
    CROSSCOUNTRY MORTGAGE, LLC 14 6.19% $7,035
    QUICKEN LOANS, LLC 14 5.88% $13,024
    PREMIER MORTGAGE RESOURCES, L.L.C. 12 6.10% $14,901
    FREEDOM MORTGAGE CORPORATION 5 6.45% $15,949
    USAA Federal Savings Bank 5 5.75% $12,498
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.06% $14,577
    LOANDEPOT.COM, LLC 4 6.34% $11,473
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.75% $4,855
    GUILD MORTGAGE COMPANY 3 6.13% $9,962
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 3 6.38% $17,774
    Willamette Valley Bank 2 6.00% $18,332
    PENTAGON FEDERAL CREDIT UNION 2 5.06% $12,951
    FIRST COLONY MORTGAGE CORPORATION 2 5.69% $7,900
    PENNYMAC LOAN SERVICES, LLC 2 6.13% $21,844
    Flagstar Bank, FSB 2 6.25% $18,536
    NBKC BANK 2 5.88% $11,449
    NAVY FEDERAL CREDIT UNION 2 5.38% $5,247
    AMERISAVE MORTGAGE CORPORATION 2 6.63% $16,824
    Wells Fargo Bank 2 5.88% $5,927
    VILLAGE CAPITAL MORTGAGE 1 6.25% $9,838
    Waterstone Mortgage Corporation 1 6.25% $12,329
    NEWREZ LLC 1 5.63% $8,534
    AMERICAN FINANCIAL NETWORK, INC. 1 5.63% $9,696
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.00% $6,107
    BAY EQUITY LLC 1 6.63% $15,346
    BNC National Bank 1 5.25% $14,795
    CALIBER HOME LOANS, INC. 1 5.75% $8,216
    Century Mortgage Company DBA Century Lending Company 1 6.75% $15,401
    CHURCHILL MORTGAGE CORPORATION 1 5.88% $5,063
    First Federal Savings Bank of Twin Falls 1 5.25% $15,196
    GUARANTEED RATE AFFINITY, LLC 1 6.50% $1,385
    GUARANTEED RATE, INC. 1 5.50% $10,365
    IDAHO CENTRAL 1 6.63% $13,686
    INTERCAP LENDING INC. 1 6.50% $5,711
    Ixonia Bank 1 6.88% $21,740
    LOANPAL, LLC 1 5.25% $11,013
    NEW DAY FINANCIAL, LLC 1 6.49% $17,138
    ACADEMY MORTGAGE CORPORATION 1 6.00% $8,925
    PHH Mortgage Corporation 1 7.63% $6,661
    Plains Commerce Bank 1 6.00% $8,676
    SECURITYNATIONAL MORTGAGE COMPANY 1 5.88% $37,088
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.25% $17,624
    Sunflower Bank 1 6.63% $10,113
    The Central Trust Bank 1 5.75% $10,927

    The top Mountain Home VA lender as defined by loan originations is Mortgage Research Center, LLC, with 55 VA loans originated. Their average total fees are $9,930, which is $1,683 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee Mountain Home VA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($7,035), UNITED WHOLESALE MORTGAGE, LLC ($8,855), Mortgage Research Center, LLC ($9,930), MOVEMENT MORTGAGE, LLC ($11,613) and AMERICAN PACIFIC MORTGAGE CORPORATION ($12,138).

    The lowest rate Mountain Home VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.88%), UNITED WHOLESALE MORTGAGE, LLC (6.05%), PREMIER MORTGAGE RESOURCES, L.L.C. (6.10%), CROSSCOUNTRY MORTGAGE, LLC (6.19%) and MOVEMENT MORTGAGE, LLC (6.28%).

    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.