Mountain Home VA Loan Rates, Closing Costs & Stats

Mountain Home, ID

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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.

    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 6.49% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.72% and one month ago for the week of 2024-03-15, the average rate was 6.28%.

    The average rate one year ago was 5.97%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

    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%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Mountain Home (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 $173,675 (10.8%) $295,212 (57.2%) 0.00 83
    2018-02-01 $173,075 (11.0%) $282,915 (52.6%) 0.00 81
    2018-03-01 $183,900 (9.2%) $299,660 (50.6%) 0.00 78
    2018-04-01 $200,000 (11.2%) $315,229 (50.8%) 0.00 75
    2018-05-01 $208,175 (10.7%) $321,380 (19.5%) 0.00 84
    2018-06-01 $215,000 (13.3%) $313,520 (15.4%) 0.00 103
    2018-07-01 $213,750 (13.1%) $313,450 (16.5%) 0.00 108
    2018-08-01 $212,450 (12.4%) $320,502 (17.3%) 0.00 115
    2018-09-01 $200,000 (14.4%) $309,942 (20.1%) 0.00 114
    2018-10-01 $208,000 (23.6%) $285,449 (13.8%) 0.00 114
    2018-11-01 $204,425 (21.4%) $259,935 (2.9%) 0.00 100
    2018-12-01 $222,620 (27.2%) $258,147 (-2.9%) 0.00 72
    2019-01-01 $220,000 (26.7%) $260,647 (-11.7%) 0.00 59
    2019-02-01 $220,000 (27.1%) $264,142 (-6.6%) 0.00 53
    2019-03-01 $233,783 (27.1%) $269,746 (-10.0%) 0.00 48
    2019-04-01 $230,473 (15.2%) $268,607 (-14.8%) 0.00 50
    2019-05-01 $225,000 (8.1%) $260,273 (-19.0%) 0.00 78
    2019-06-01 $240,303 (11.8%) $330,754 (5.5%) 0.00 83
    2019-07-01 $240,978 (12.7%) $336,745 (7.4%) 0.00 91
    2019-08-01 $237,535 (11.8%) $330,453 (3.1%) 0.00 92
    2019-09-01 $238,354 (19.2%) $323,992 (4.5%) 0.00 96
    2019-10-01 $239,445 (15.1%) $319,684 (12.0%) 0.00 97
    2019-11-01 $246,900 (20.8%) $299,979 (15.4%) 0.00 89
    2019-12-01 $249,900 (12.3%) $274,462 (6.3%) 0.00 82
    2020-01-01 $255,805 (16.3%) $296,483 (13.8%) 0.00 74
    2020-02-01 $262,892 (19.5%) $306,619 (16.1%) 0.00 64
    2020-03-01 $271,760 (16.2%) $310,843 (15.2%) 0.00 63
    2020-04-01 $276,270 (19.9%) $331,387 (23.4%) 0.00 69
    2020-05-01 $279,990 (24.4%) $338,546 (30.1%) 0.00 55
    2020-06-01 $279,923 (16.5%) $359,552 (8.7%) 0.00 33
    2020-07-01 $278,898 (15.7%) $343,005 (1.9%) 0.00 28
    2020-08-01 $285,000 (20.0%) $334,617 (1.3%) 0.00 25
    2020-09-01 $266,250 (11.7%) $320,656 (-1.0%) 0.00 24
    2020-10-01 $270,000 (12.8%) $318,200 (-0.5%) 0.00 19
    2020-11-01 $326,475 (32.2%) $337,147 (12.4%) 0.00 18
    2020-12-01 $325,375 (30.2%) $352,115 (28.3%) 0.00 23
    2021-01-01 $345,000 (34.9%) $359,084 (21.1%) 0.00 21
    2021-02-01 $345,000 (31.2%) $364,068 (18.7%) 0.00 21
    2021-03-01 $393,822 (44.9%) $368,056 (18.4%) 0.00 17
    2021-04-01 $399,900 (44.8%) $390,600 (17.9%) 0.00 16
    2021-05-01 $370,000 (32.2%) $472,934 (39.7%) 0.00 21
    2021-06-01 $388,220 (38.7%) $460,992 (28.2%) 0.00 29
    2021-07-01 $407,990 (46.3%) $437,440 (27.5%) 0.00 63
    2021-08-01 $397,468 (39.5%) $459,689 (37.4%) 0.00 69
    2021-09-01 $368,750 (38.5%) $417,315 (30.1%) 0.00 82
    2021-10-01 $349,995 (29.6%) $414,724 (30.3%) 0.00 84
    2021-11-01 $357,973 (9.7%) $385,586 (14.4%) 0.00 62
    2021-12-01 $345,948 (6.3%) $376,074 (6.8%) 0.00 43
    2022-01-01 $384,900 (11.6%) $408,276 (13.7%) 0.00 25
    2022-02-01 $376,250 (9.1%) $401,312 (10.2%) 0.00 21
    2022-03-01 $410,000 (4.1%) $431,507 (17.2%) 0.00 27
    2022-04-01 $424,900 (6.3%) $424,413 (8.7%) 0.00 34
    2022-05-01 $413,900 (11.9%) $462,084 (-2.3%) 0.00 48
    2022-06-01 $397,500 (2.4%) $479,778 (4.1%) 0.00 54
    2022-07-01 $374,900 (-8.1%) $434,005 (-0.8%) 0.00 69
    2022-08-01 $367,425 (-7.6%) $410,021 (-10.8%) 0.00 85
    2022-09-01 $349,975 (-5.1%) $410,139 (-1.7%) 0.00 82
    2022-10-01 $374,900 (7.1%) $441,804 (6.5%) 0.00 79
    2022-11-01 $364,250 (1.8%) $413,633 (7.3%) 0.00 86
    2022-12-01 $365,000 (5.5%) $438,984 (16.7%) 0.00 74
    2023-01-01 $367,450 (-4.5%) $440,394 (7.9%) 0.00 60
    2023-02-01 $374,450 (-0.5%) $404,121 (0.7%) 0.00 57
    2023-03-01 $370,000 (-9.8%) $416,448 (-3.5%) 0.00 57
    2023-04-01 $375,000 (-11.7%) $421,264 (-0.7%) 0.00 56
    2023-05-01 $387,490 (-6.4%) $437,022 (-5.4%) 0.00 64
    2023-06-01 $388,095 (-2.4%) $435,626 (-9.2%) 0.00 63
    2023-07-01 $395,445 (5.5%) $444,818 (2.5%) 0.00 62
    2023-08-01 $383,470 (4.4%) $456,627 (11.4%) 0.00 72
    2023-09-01 $365,000 (4.3%) $437,896 (6.8%) 0.00 85
    2023-10-01 $393,718 (5.0%) $444,348 (0.6%) 0.00 81
    2023-11-01 $348,675 (-4.3%) $426,794 (3.2%) 0.00 71
    2023-12-01 $357,450 (-2.1%) $416,461 (-5.1%) 0.00 62
    2024-01-01 $359,998 (-2.0%) $405,088 (-8.0%) 0.00 51
    2024-02-01 $376,223 (0.5%) $432,556 (7.0%) 0.00 39
    2024-03-01 $397,495 (7.4%) $426,813 (2.5%) 0.00 39
    Mountain Home's median listing price for 2024-03-01 was $397,495, a difference of $27,495 (7.4%) versus the prior year and $21,272 versus the prior month.

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

    Mountain Home's average listing price for 2024-03-01 was $426,813, a difference of $10,365 (2.5%) versus the prior year and $-5,743 versus the prior month.

    For the 2024-03-01 period, Mountain Home had 39 MLS listings, a difference of 0 listings (0%) versus the prior month and -18 listings (-32%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mountain Home (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,767 sqft
    2018-02-01 0 days 1,678 sqft
    2018-03-01 0 days 1,722 sqft
    2018-04-01 0 days 1,844 sqft
    2018-05-01 0 days 1,872 sqft
    2018-06-01 0 days 1,873 sqft
    2018-07-01 0 days 1,850 sqft
    2018-08-01 0 days 1,851 sqft
    2018-09-01 0 days 1,810 sqft
    2018-10-01 0 days 1,826 sqft
    2018-11-01 0 days 1,816 sqft
    2018-12-01 0 days 1,800 sqft
    2019-01-01 0 days 1,818 sqft
    2019-02-01 0 days 1,809 sqft
    2019-03-01 0 days 1,830 sqft
    2019-04-01 0 days 1,808 sqft
    2019-05-01 0 days 1,861 sqft
    2019-06-01 0 days 1,856 sqft
    2019-07-01 0 days 1,835 sqft
    2019-08-01 0 days 1,764 sqft
    2019-09-01 0 days 1,749 sqft
    2019-10-01 0 days 1,730 sqft
    2019-11-01 0 days 1,748 sqft
    2019-12-01 0 days 1,722 sqft
    2020-01-01 0 days 1,699 sqft
    2020-02-01 0 days 1,707 sqft
    2020-03-01 0 days 1,780 sqft
    2020-04-01 0 days 1,829 sqft
    2020-05-01 0 days 1,943 sqft
    2020-06-01 0 days 1,960 sqft
    2020-07-01 0 days 1,897 sqft
    2020-08-01 0 days 1,873 sqft
    2020-09-01 0 days 1,866 sqft
    2020-10-01 0 days 1,826 sqft
    2020-11-01 0 days 1,914 sqft
    2020-12-01 0 days 1,931 sqft
    2021-01-01 0 days 1,892 sqft
    2021-02-01 0 days 1,944 sqft
    2021-03-01 0 days 1,892 sqft
    2021-04-01 0 days 1,857 sqft
    2021-05-01 0 days 1,829 sqft
    2021-06-01 0 days 1,707 sqft
    2021-07-01 0 days 1,850 sqft
    2021-08-01 0 days 1,808 sqft
    2021-09-01 0 days 1,761 sqft
    2021-10-01 0 days 1,693 sqft
    2021-11-01 0 days 1,736 sqft
    2021-12-01 0 days 1,741 sqft
    2022-01-01 0 days 1,830 sqft
    2022-02-01 0 days 1,897 sqft
    2022-03-01 0 days 1,896 sqft
    2022-04-01 0 days 1,836 sqft
    2022-05-01 0 days 1,854 sqft
    2022-06-01 0 days 1,853 sqft
    2022-07-01 0 days 1,824 sqft
    2022-08-01 0 days 1,760 sqft
    2022-09-01 0 days 1,651 sqft
    2022-10-01 0 days 1,704 sqft
    2022-11-01 0 days 1,751 sqft
    2022-12-01 0 days 1,815 sqft
    2023-01-01 0 days 1,884 sqft
    2023-02-01 0 days 1,847 sqft
    2023-03-01 0 days 1,743 sqft
    2023-04-01 0 days 1,744 sqft
    2023-05-01 0 days 1,840 sqft
    2023-06-01 0 days 1,851 sqft
    2023-07-01 0 days 1,755 sqft
    2023-08-01 0 days 1,722 sqft
    2023-09-01 0 days 1,713 sqft
    2023-10-01 0 days 1,740 sqft
    2023-11-01 0 days 1,664 sqft
    2023-12-01 0 days 1,814 sqft
    2024-01-01 0 days 1,661 sqft
    2024-02-01 0 days 1,876 sqft
    2024-03-01 0 days 2,006 sqft
    Mountain Home's median listing age (time on market) for 2024-03-01 was 0 days.

    Mountain Home's median square footage for active listings during the 2024-03-01 period was 2,006 sqft. One year prior, the average listing was 1,743 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.