Pocatello VA Loans
POCATELLO, ID
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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.