Pocatello VA Loan Rates, Closing Costs & Stats

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 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 6.37% for the week of 2024-07-19, compared to the national average (all VA variants) of 6.303% for the same period.

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

The average rate for the prior week (2024-07-12) was 6.41% and one month ago for the week of 2024-06-14, the average rate was 6.48%.

The average rate one year ago was 6.86%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.5%.

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
2024-04-01 $422,400 (-0.6%) $499,019 (2.9%) 0.00 241
2024-05-01 $423,750 (-8.3%) $497,589 (-3.1%) 0.00 265
2024-06-01 $423,225 (-5.4%) $505,726 (-3.9%) 0.00 307
Pocatello's median listing price for 2024-06-01 was $423,225, a difference of $-24,175 (-5.4%) versus the prior year and $-525 versus the prior month.

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

Pocatello's average listing price for 2024-06-01 was $505,726, a difference of $-20,642 (-3.9%) versus the prior year and $8,137 versus the prior month.

For the 2024-06-01 period, Pocatello had 307 MLS listings, a difference of 42 listings (16%) versus the prior month and 106 listings (53%) 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
2024-04-01 0 days 2,435 sqft
2024-05-01 0 days 2,398 sqft
2024-06-01 0 days 2,458 sqft
Pocatello's median listing age (time on market) for 2024-06-01 was 0 days.

Pocatello's median square footage for active listings during the 2024-06-01 period was 2,458 sqft. One year prior, the average listing was 2,641 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.