Pocatello VA Loan Rates, Closing Costs & Stats

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 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.

    Pocatello's 38 lenders originated 105 VA loans during 2023. The total origination value was $34,565,000, with an average VA loan value of $329,190.

    Pocatello VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Pocatello averaged 7.03% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Pocatello's average VA mortgage closing costs are $6,639.

    The average rate for the prior week (2024-04-12) was 6.46% and one month ago for the week of 2024-03-15, the average rate was 6.42%.

    The average rate one year ago was 6.11%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 13 6.64% $4,372
    FIRST COLONY MORTGAGE CORPORATION 9 6.51% $5,067
    UNITED WHOLESALE MORTGAGE, LLC 8 5.94% $10,036
    SUMMIT FUNDING, INC. 6 6.40% $11,250
    QUICKEN LOANS, LLC 5 5.89% $13,674
    Eagle Bank and Trust Company 5 5.95% $11,224
    IDAHO CENTRAL 4 6.19% $8,161
    PREMIER MORTGAGE RESOURCES, L.L.C. 3 5.71% $25,522
    NEW DAY FINANCIAL, LLC 3 7.24% $13,095
    The Federal Savings Bank 3 6.29% $17,422
    LOANDEPOT.COM, LLC 3 5.96% $16,592
    MOUNTAIN AMERICA 2 6.50% $11,803
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.69% $3,752
    NAVY FEDERAL CREDIT UNION 2 5.75% $3,522
    AMERISAVE MORTGAGE CORPORATION 2 5.75% $14,144
    PENNYMAC LOAN SERVICES, LLC 2 5.63% $13,219
    USAA Federal Savings Bank 2 6.19% $10,173
    VILLAGE CAPITAL MORTGAGE 2 5.82% $8,029
    BROKER SOLUTIONS, INC. 2 5.75% $11,461
    Flagstar Bank, FSB 2 6.25% $5,961
    FREEDOM MORTGAGE CORPORATION 2 7.00% $12,529
    Willamette Valley Bank 1 6.38% $537
    D. L. Evans Bank 1 6.75% $22,097
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $7,488
    First Federal Bank 1 6.63% $9,081
    Glacier Bank 1 6.25% $6,648
    GUARANTEED RATE, INC. 1 5.58% $2,314
    GUILD MORTGAGE COMPANY 1 6.63% $4,977
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.88% $9,543
    INTERCAP LENDING INC. 1 5.38% $14,655
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $5,342
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $15,804
    M&T Bank 1 7.25% $5,956
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $20,562
    Paramount Residential Mortgage Group, Inc. 1 6.25% $4,958
    S1L, Inc. 1 6.75% $10,705
    U.S. Bank 1 5.99% $3,579
    ADVANTAGE PLUS 1 6.63% $4,977

    The top Pocatello VA lender as defined by loan originations is Mortgage Research Center, LLC, with 13 VA loans originated. Their average total fees are $4,372, which is $695 lower than the next largest lender, FIRST COLONY MORTGAGE CORPORATION.

    The lowest fee Pocatello VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,372), .

    The lowest rate Pocatello VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.64%), .

    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 $161,175 (8.0%) $230,559 (17.2%) 0.00 176
    2018-02-01 $163,700 (5.8%) $238,145 (18.5%) 0.00 167
    2018-03-01 $179,900 (17.5%) $242,210 (20.0%) 0.00 170
    2018-04-01 $190,175 (22.8%) $247,146 (17.8%) 0.00 167
    2018-05-01 $202,450 (21.1%) $245,457 (9.3%) 0.00 197
    2018-06-01 $189,900 (11.8%) $236,609 (6.5%) 0.00 255
    2018-07-01 $181,675 (13.6%) $225,760 (5.1%) 0.00 274
    2018-08-01 $192,400 (24.4%) $237,603 (11.2%) 0.00 258
    2018-09-01 $195,000 (23.8%) $243,645 (12.1%) 0.00 249
    2018-10-01 $212,000 (40.5%) $245,288 (11.7%) 0.00 231
    2018-11-01 $209,975 (34.3%) $253,393 (14.9%) 0.00 217
    2018-12-01 $210,000 (31.5%) $253,490 (9.9%) 0.00 202
    2019-01-01 $197,450 (22.5%) $251,390 (9.0%) 0.00 170
    2019-02-01 $209,900 (28.2%) $258,227 (8.4%) 0.00 168
    2019-03-01 $228,614 (27.1%) $265,613 (9.7%) 0.00 155
    2019-04-01 $234,114 (23.1%) $267,824 (8.4%) 0.00 146
    2019-05-01 $235,700 (16.4%) $270,954 (10.4%) 0.00 148
    2019-06-01 $237,450 (25.0%) $298,258 (26.1%) 0.00 183
    2019-07-01 $234,900 (29.3%) $302,923 (34.2%) 0.00 221
    2019-08-01 $242,982 (26.3%) $309,958 (30.5%) 0.00 234
    2019-09-01 $247,605 (27.0%) $312,590 (28.3%) 0.00 238
    2019-10-01 $251,850 (18.8%) $319,291 (30.2%) 0.00 241
    2019-11-01 $258,250 (23.0%) $323,326 (27.6%) 0.00 239
    2019-12-01 $251,225 (19.6%) $321,673 (26.9%) 0.00 226
    2020-01-01 $253,750 (28.5%) $324,959 (29.3%) 0.00 185
    2020-02-01 $265,250 (26.4%) $341,283 (32.2%) 0.00 162
    2020-03-01 $268,625 (17.5%) $341,658 (28.6%) 0.00 170
    2020-04-01 $281,175 (20.1%) $344,058 (28.5%) 0.00 182
    2020-05-01 $284,900 (20.9%) $343,498 (26.8%) 0.00 185
    2020-06-01 $294,900 (24.2%) $357,000 (19.7%) 0.00 179
    2020-07-01 $294,450 (25.4%) $360,384 (19.0%) 0.00 177
    2020-08-01 $290,000 (19.4%) $380,687 (22.8%) 0.00 148
    2020-09-01 $257,450 (4.0%) $357,113 (14.2%) 0.00 130
    2020-10-01 $241,250 (-4.2%) $384,210 (20.3%) 0.00 112
    2020-11-01 $253,650 (-1.8%) $443,106 (37.1%) 0.00 93
    2020-12-01 $262,475 (4.5%) $444,989 (38.3%) 0.00 93
    2021-01-01 $269,000 (6.0%) $454,903 (40.0%) 0.00 74
    2021-02-01 $312,825 (17.9%) $522,257 (53.0%) 0.00 68
    2021-03-01 $356,225 (32.6%) $589,658 (72.6%) 0.00 60
    2021-04-01 $329,475 (17.2%) $474,399 (37.9%) 0.00 67
    2021-05-01 $320,000 (12.3%) $475,227 (38.4%) 0.00 79
    2021-06-01 $379,900 (28.8%) $523,206 (46.6%) 0.00 97
    2021-07-01 $351,450 (19.4%) $506,293 (40.5%) 0.00 130
    2021-08-01 $380,500 (31.2%) $494,766 (30.0%) 0.00 140
    2021-09-01 $391,950 (52.2%) $478,983 (34.1%) 0.00 156
    2021-10-01 $399,250 (65.5%) $461,819 (20.2%) 0.00 152
    2021-11-01 $355,975 (40.3%) $439,896 (-0.7%) 0.00 142
    2021-12-01 $351,000 (33.7%) $438,953 (-1.4%) 0.00 111
    2022-01-01 $364,900 (35.7%) $462,178 (1.6%) 0.00 75
    2022-02-01 $416,249 (33.1%) $582,260 (11.5%) 0.00 54
    2022-03-01 $442,450 (24.2%) $588,233 (-0.2%) 0.00 63
    2022-04-01 $449,900 (36.6%) $552,066 (16.4%) 0.00 85
    2022-05-01 $417,500 (30.5%) $500,637 (5.4%) 0.00 134
    2022-06-01 $393,250 (3.5%) $474,373 (-9.3%) 0.00 181
    2022-07-01 $409,900 (16.6%) $467,250 (-7.7%) 0.00 234
    2022-08-01 $401,250 (5.5%) $460,982 (-6.8%) 0.00 247
    2022-09-01 $386,225 (-1.5%) $436,830 (-8.8%) 0.00 281
    2022-10-01 $385,950 (-3.3%) $444,250 (-3.8%) 0.00 293
    2022-11-01 $382,238 (7.4%) $434,749 (-1.2%) 0.00 269
    2022-12-01 $379,000 (8.0%) $433,403 (-1.3%) 0.00 250
    2023-01-01 $382,500 (4.8%) $435,045 (-5.9%) 0.00 229
    2023-02-01 $406,975 (-2.2%) $457,570 (-21.4%) 0.00 210
    2023-03-01 $416,425 (-5.9%) $469,595 (-20.2%) 0.00 190
    2023-04-01 $425,000 (-5.5%) $484,797 (-12.2%) 0.00 183
    2023-05-01 $462,225 (10.7%) $513,627 (2.6%) 0.00 201
    2023-06-01 $447,400 (13.8%) $526,368 (11.0%) 0.00 201
    2023-07-01 $419,900 (2.4%) $516,795 (10.6%) 0.00 233
    2023-08-01 $423,675 (5.6%) $513,251 (11.3%) 0.00 248
    2023-09-01 $421,950 (9.3%) $506,705 (16.0%) 0.00 252
    2023-10-01 $399,900 (3.6%) $495,905 (11.6%) 0.00 278
    2023-11-01 $389,725 (2.0%) $470,800 (8.3%) 0.00 270
    2023-12-01 $384,500 (1.5%) $464,016 (7.1%) 0.00 253
    2024-01-01 $385,888 (0.9%) $458,535 (5.4%) 0.00 219
    2024-02-01 $390,925 (-3.9%) $472,385 (3.2%) 0.00 206
    2024-03-01 $399,900 (-4.0%) $490,417 (4.4%) 0.00 221
    Pocatello's median listing price for 2024-03-01 was $399,900, a difference of $-16,525 (-4.0%) versus the prior year and $8,975 versus the prior month.

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

    Pocatello's average listing price for 2024-03-01 was $490,417, a difference of $20,822 (4.4%) versus the prior year and $18,032 versus the prior month.

    For the 2024-03-01 period, Pocatello had 221 MLS listings, a difference of 15 listings (7%) versus the prior month and 31 listings (16%) 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 2,177 sqft
    2018-02-01 0 days 2,207 sqft
    2018-03-01 0 days 2,214 sqft
    2018-04-01 0 days 2,254 sqft
    2018-05-01 0 days 2,298 sqft
    2018-06-01 0 days 2,236 sqft
    2018-07-01 0 days 2,127 sqft
    2018-08-01 0 days 2,261 sqft
    2018-09-01 0 days 2,276 sqft
    2018-10-01 0 days 2,361 sqft
    2018-11-01 0 days 2,426 sqft
    2018-12-01 0 days 2,451 sqft
    2019-01-01 0 days 2,266 sqft
    2019-02-01 0 days 2,395 sqft
    2019-03-01 0 days 2,546 sqft
    2019-04-01 0 days 2,537 sqft
    2019-05-01 0 days 2,570 sqft
    2019-06-01 0 days 2,430 sqft
    2019-07-01 0 days 2,360 sqft
    2019-08-01 0 days 2,340 sqft
    2019-09-01 0 days 2,311 sqft
    2019-10-01 0 days 2,299 sqft
    2019-11-01 0 days 2,296 sqft
    2019-12-01 0 days 2,361 sqft
    2020-01-01 0 days 2,307 sqft
    2020-02-01 0 days 2,258 sqft
    2020-03-01 0 days 2,441 sqft
    2020-04-01 0 days 2,479 sqft
    2020-05-01 0 days 2,500 sqft
    2020-06-01 0 days 2,536 sqft
    2020-07-01 0 days 2,478 sqft
    2020-08-01 0 days 2,352 sqft
    2020-09-01 0 days 2,245 sqft
    2020-10-01 0 days 2,076 sqft
    2020-11-01 0 days 2,198 sqft
    2020-12-01 0 days 2,143 sqft
    2021-01-01 0 days 2,209 sqft
    2021-02-01 0 days 2,485 sqft
    2021-03-01 0 days 2,538 sqft
    2021-04-01 0 days 2,341 sqft
    2021-05-01 0 days 2,252 sqft
    2021-06-01 0 days 2,290 sqft
    2021-07-01 0 days 2,364 sqft
    2021-08-01 0 days 2,529 sqft
    2021-09-01 0 days 2,546 sqft
    2021-10-01 0 days 2,352 sqft
    2021-11-01 0 days 2,256 sqft
    2021-12-01 0 days 2,255 sqft
    2022-01-01 0 days 2,200 sqft
    2022-02-01 0 days 2,727 sqft
    2022-03-01 0 days 2,728 sqft
    2022-04-01 0 days 2,792 sqft
    2022-05-01 0 days 2,320 sqft
    2022-06-01 0 days 2,260 sqft
    2022-07-01 0 days 2,287 sqft
    2022-08-01 0 days 2,254 sqft
    2022-09-01 0 days 2,188 sqft
    2022-10-01 0 days 2,280 sqft
    2022-11-01 0 days 2,296 sqft
    2022-12-01 0 days 2,282 sqft
    2023-01-01 0 days 2,292 sqft
    2023-02-01 0 days 2,506 sqft
    2023-03-01 0 days 2,512 sqft
    2023-04-01 0 days 2,662 sqft
    2023-05-01 0 days 2,625 sqft
    2023-06-01 0 days 2,641 sqft
    2023-07-01 0 days 2,518 sqft
    2023-08-01 0 days 2,522 sqft
    2023-09-01 0 days 2,493 sqft
    2023-10-01 0 days 2,324 sqft
    2023-11-01 0 days 2,207 sqft
    2023-12-01 0 days 2,165 sqft
    2024-01-01 0 days 2,175 sqft
    2024-02-01 0 days 2,305 sqft
    2024-03-01 0 days 2,298 sqft
    Pocatello's median listing age (time on market) for 2024-03-01 was 0 days.

    Pocatello's median square footage for active listings during the 2024-03-01 period was 2,298 sqft. One year prior, the average listing was 2,512 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.