Pocatello VA Loans

POCATELLO, 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 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.

    Pocatello's 68 lenders originated 403 VA loans during 2021. The total origination value was $105,175,000, with an average VA loan value of $260,980.

    Pocatello VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Pocatello averaged 5.49% 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 5.22% and one month ago for the week of 2022-04-08, the average rate was 4.75%.

    The average rate one year ago was 3.06%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.22%.

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

    Pocatello 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 Pocatello level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    QUICKEN LOANS, LLC 30 2.47% $5,060
    FIRST COLONY MORTGAGE CORPORATION 27 2.63% $6,566
    IDAHO CENTRAL 25 2.57% $5,495
    Glacier Bank 21 2.65% $9,047
    Mortgage Research Center, LLC 21 2.87% $6,322
    FREEDOM MORTGAGE CORPORATION 18 2.47% $3,304
    NEW DAY FINANCIAL, LLC 17 2.98% $8,027
    VAN DYK MORTGAGE CORPORATION 14 2.90% $7,995
    UNITED WHOLESALE MORTGAGE, LLC 12 2.41% $6,883
    GUILD MORTGAGE COMPANY 10 2.78% $6,653
    VILLAGE CAPITAL & INVESTMENT LLC 9 2.43% $4,509
    PENNYMAC LOAN SERVICES, LLC 9 2.38% $6,847
    CLEARPATH LENDING 8 2.42% $5,104
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 3.01% $6,520
    LOANDEPOT.COM, LLC 7 2.44% $8,324
    LAKEVIEW LOAN SERVICING, LLC 7 2.55% $2,878
    CALIBER HOME LOANS, INC. 6 2.50% $6,617
    The Federal Savings Bank 5 2.88% $10,408
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 3.23% $8,537
    USAA Federal Savings Bank 5 2.80% $5,683
    NEWREZ LLC 4 2.50% $3,347
    SUMMIT FUNDING, INC. 4 3.15% $7,688
    CANOPY MORTGAGE, LLC 4 2.63% $10,704
    NAVY FEDERAL CREDIT UNION 4 2.41% $2,588
    Eagle Bank and Trust Company 3 2.42% $2,165
    Barrington Bank & Trust Company, N.A. 3 2.38% $2,857
    U.S. Bank 3 2.83% $3,512
    Bank of Idaho 3 2.58% $3,274
    BROKER SOLUTIONS, INC. 3 2.62% $23,204
    Wells Fargo Bank 3 2.50% $3,344
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 2.92% $16,030
    D. L. Evans Bank 2 2.31% $3,613
    Paramount Residential Mortgage Group, Inc. 2 3.13% $8,269
    AMERICAN FINANCIAL NETWORK, INC. 2 2.56% $7,120
    First Federal Bank 2 2.75% $9,288
    STEARNS LENDING, LLC 2 2.44% $4,224
    ADVANTAGE PLUS 2 2.69% $7,435
    Willamette Valley Bank 2 2.38% $2,009
    Gateway First Bank 2 2.94% $9,107
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 2.75% $14,674
    Low VA Rates, LLC 2 2.25% $2,389
    MOUNTAIN AMERICA 2 2.50% $5,404
    Mr. Cooper ( Nationstar Mortgage ) 2 2.75% $3,719
    TIAA, FSB 1 2.75% $3,989
    AMERICAN FINANCING CORPORATION 1 2.63% $3,336
    AMERISAVE MORTGAGE CORPORATION 1 2.25% $5,253
    Armed Forces Bank 1 2.88% $729
    BELEM SERVICING LLC 1 1.75% $9,386
    BOKF 1 2.63% $4,301
    CENTENNIAL LENDING, LLC 1 2.25% $4,224
    CROSSCOUNTRY MORTGAGE, LLC 1 2.50% $4,298
    EMBRACE HOME LOANS, INC. 1 2.63% $4,333
    First Guaranty Mortgage Corporation 1 2.75% $13,769
    First Home Bank 1 2.75% $24,922
    Flagstar Bank, FSB 1 2.75% $3,522
    GUARANTEED RATE, INC. 1 2.88% $9,632
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 2.75% $32,064
    HOMESTEAD FUNDING CORP. 1 2.50% $4,214
    LOANPAL, LLC 1 2.25% $10,786
    Magnolia Bank 1 2.25% $5,540
    MOVEMENT MORTGAGE, LLC 1 3.75% $1,305
    North American Savings Bank, F.S.B. 1 2.25% $4,046
    PENTAGON FEDERAL CREDIT UNION 1 2.25% $2,697
    PLANET HOME LENDING, LLC 1 2.63% $2,178
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.25% $13,467
    SOVEREIGN LENDING GROUP INCORPORATED 1 2.50% $5,160
    Summit Mortgage Corporation 1 3.00% $14,717
    VISION ONE MORTGAGE, INC. 1 2.88% $4,856

    The top Pocatello VA lender as defined by loan originations is QUICKEN LOANS, LLC, with 30 VA loans originated. Their average total fees are $5,060, which is $1,506 lower than the next largest lender, FIRST COLONY MORTGAGE CORPORATION.

    The lowest fee Pocatello VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($3,304), QUICKEN LOANS, LLC ($5,060), IDAHO CENTRAL ($5,495), Mortgage Research Center, LLC ($6,322) and FIRST COLONY MORTGAGE CORPORATION ($6,566).

    The lowest rate Pocatello VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (2.41%), QUICKEN LOANS, LLC (2.47%), FREEDOM MORTGAGE CORPORATION (2.47%), IDAHO CENTRAL (2.57%) and FIRST COLONY MORTGAGE CORPORATION (2.63%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Pocatello (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 $182,450 (19.7%) $243,957 (23.2%) 0.00 192
    2018-02-01 $196,750 (27.0%) $251,565 (24.1%) 0.00 171
    2018-03-01 $213,000 (37.4%) $263,047 (28.9%) 0.00 180
    2018-04-01 $222,450 (43.6%) $262,617 (24.8%) 0.00 188
    2018-05-01 $224,500 (30.2%) $263,007 (15.7%) 0.00 234
    2018-06-01 $205,000 (15.9%) $245,593 (7.9%) 0.00 303
    2018-07-01 $199,000 (17.8%) $238,045 (8.1%) 0.00 326
    2018-08-01 $207,900 (24.9%) $255,559 (15.5%) 0.00 298
    2018-09-01 $214,900 (28.8%) $251,913 (11.2%) 0.00 277
    2018-10-01 $216,950 (24.0%) $251,432 (9.0%) 0.00 263
    2018-11-01 $217,450 (24.3%) $263,049 (12.5%) 0.00 262
    2018-12-01 $215,000 (16.3%) $262,054 (5.2%) 0.00 245
    2019-01-01 $213,250 (16.9%) $263,476 (8.0%) 0.00 207
    2019-02-01 $233,400 (18.6%) $275,521 (9.5%) 0.00 207
    2019-03-01 $246,329 (15.7%) $278,639 (5.9%) 0.00 195
    2019-04-01 $254,900 (14.6%) $275,574 (4.9%) 0.00 174
    2019-05-01 $253,450 (12.9%) $280,968 (6.8%) 0.00 176
    2019-06-01 $249,000 (21.5%) $300,065 (22.2%) 0.00 228
    2019-07-01 $264,500 (32.9%) $322,277 (35.4%) 0.00 277
    2019-08-01 $266,657 (28.3%) $329,531 (29.0%) 0.00 289
    2019-09-01 $266,707 (24.1%) $334,962 (33.0%) 0.00 284
    2019-10-01 $263,250 (21.3%) $332,191 (32.1%) 0.00 311
    2019-11-01 $272,500 (25.3%) $333,310 (26.7%) 0.00 307
    2019-12-01 $269,000 (25.1%) $332,857 (27.0%) 0.00 286
    2020-01-01 $265,000 (24.3%) $331,093 (25.7%) 0.00 232
    2020-02-01 $265,500 (13.8%) $346,235 (25.7%) 0.00 196
    2020-03-01 $282,900 (14.9%) $353,512 (26.9%) 0.00 209
    2020-04-01 $289,900 (13.7%) $346,137 (25.6%) 0.00 229
    2020-05-01 $289,900 (14.4%) $349,704 (24.5%) 0.00 231
    2020-06-01 $314,900 (26.5%) $371,524 (23.8%) 0.00 221
    2020-07-01 $309,400 (17.0%) $389,129 (20.7%) 0.00 226
    2020-08-01 $290,000 (8.8%) $399,185 (21.1%) 0.00 197
    2020-09-01 $265,200 (-0.6%) $376,179 (12.3%) 0.00 171
    2020-10-01 $240,000 (-8.8%) $393,478 (18.5%) 0.00 146
    2020-11-01 $247,400 (-9.2%) $420,789 (26.3%) 0.00 115
    2020-12-01 $239,900 (-10.8%) $408,661 (22.8%) 0.00 124
    2021-01-01 $239,900 (-9.5%) $406,889 (22.9%) 0.00 100
    2021-02-01 $307,400 (15.8%) $499,180 (44.2%) 0.00 86
    2021-03-01 $339,925 (20.2%) $557,963 (57.8%) 0.00 70
    2021-04-01 $332,000 (14.5%) $479,340 (38.5%) 0.00 86
    2021-05-01 $300,000 (3.5%) $439,175 (25.6%) 0.00 100
    2021-06-01 $389,500 (23.7%) $519,001 (39.7%) 0.00 120
    2021-07-01 $359,900 (16.3%) $506,362 (30.1%) 0.00 171
    2021-08-01 $392,450 (35.3%) $513,923 (28.7%) 0.00 194
    2021-09-01 $400,000 (50.8%) $486,627 (29.4%) 0.00 216
    2021-10-01 $400,000 (66.7%) $482,939 (22.7%) 0.00 205
    2021-11-01 $372,500 (50.6%) $447,233 (6.3%) 0.00 204
    2021-12-01 $359,950 (50.0%) $452,287 (10.7%) 0.00 163
    2022-01-01 $364,900 (52.1%) $435,877 (7.1%) 0.00 95
    2022-02-01 $400,000 (30.1%) $500,672 (0.3%) 0.00 70
    2022-03-01 $429,900 (26.5%) $550,725 (-1.3%) 0.00 74
    2022-04-01 $429,900 (29.5%) $521,963 (8.9%) 0.00 102
    Pocatello's median listing price for 2022-04-01 was $429,900, a difference of $97,900 (29.5%) versus the prior year and $0 versus the prior month.

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

    Pocatello's average listing price for 2022-04-01 was $521,963, a difference of $42,623 (8.9%) versus the prior year and $-28,762 versus the prior month.

    For the 2022-04-01 period, Pocatello had 102 MLS listings, a difference of 28 listings (38%) versus the prior month and 16 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Pocatello (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,367 sqft
    2018-02-01 0 days 2,387 sqft
    2018-03-01 0 days 2,326 sqft
    2018-04-01 0 days 2,296 sqft
    2018-05-01 0 days 2,391 sqft
    2018-06-01 0 days 2,248 sqft
    2018-07-01 0 days 2,199 sqft
    2018-08-01 0 days 2,352 sqft
    2018-09-01 0 days 2,312 sqft
    2018-10-01 0 days 2,393 sqft
    2018-11-01 0 days 2,484 sqft
    2018-12-01 0 days 2,513 sqft
    2019-01-01 0 days 2,312 sqft
    2019-02-01 0 days 2,482 sqft
    2019-03-01 0 days 2,647 sqft
    2019-04-01 0 days 2,589 sqft
    2019-05-01 0 days 2,641 sqft
    2019-06-01 0 days 2,513 sqft
    2019-07-01 0 days 2,568 sqft
    2019-08-01 0 days 2,475 sqft
    2019-09-01 0 days 2,478 sqft
    2019-10-01 0 days 2,450 sqft
    2019-11-01 0 days 2,455 sqft
    2019-12-01 0 days 2,459 sqft
    2020-01-01 0 days 2,463 sqft
    2020-02-01 0 days 2,460 sqft
    2020-03-01 0 days 2,556 sqft
    2020-04-01 0 days 2,538 sqft
    2020-05-01 0 days 2,578 sqft
    2020-06-01 0 days 2,733 sqft
    2020-07-01 0 days 2,648 sqft
    2020-08-01 0 days 2,372 sqft
    2020-09-01 0 days 2,262 sqft
    2020-10-01 0 days 2,120 sqft
    2020-11-01 0 days 2,184 sqft
    2020-12-01 0 days 2,056 sqft
    2021-01-01 0 days 2,174 sqft
    2021-02-01 0 days 2,460 sqft
    2021-03-01 0 days 2,678 sqft
    2021-04-01 0 days 2,471 sqft
    2021-05-01 0 days 2,211 sqft
    2021-06-01 0 days 2,278 sqft
    2021-07-01 0 days 2,376 sqft
    2021-08-01 0 days 2,646 sqft
    2021-09-01 0 days 2,613 sqft
    2021-10-01 0 days 2,540 sqft
    2021-11-01 0 days 2,421 sqft
    2021-12-01 0 days 2,582 sqft
    2022-01-01 0 days 2,341 sqft
    2022-02-01 0 days 2,579 sqft
    2022-03-01 0 days 2,612 sqft
    2022-04-01 0 days 2,624 sqft
    Pocatello's median listing age (time on market) for 2022-04-01 was 0 days.

    Pocatello's median square footage for active listings during the 2022-04-01 period was 2,624 sqft. One year prior, the average listing was 2,471 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.