Rexburg VA Loan Rates, Closing Costs & Stats

Rexburg, 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.

    Rexburg's 23 lenders originated 35 VA loans during 2023. The total origination value was $12,385,000, with an average VA loan value of $353,857.

    Rexburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Rexburg averaged 7.08% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Rexburg's average VA mortgage closing costs are $6,731.

    The average rate for the prior week (2024-04-12) was 6.71% and one month ago for the week of 2024-03-15, the average rate was 6.57%.

    The average rate one year ago was 6.06%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.56%.

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

    Rexburg 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 Rexburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 4 6.31% $10,728
    CANOPY MORTGAGE, LLC 3 5.88% $13,222
    Flagstar Bank, FSB 3 6.58% $8,127
    Eagle Bank and Trust Company 2 5.75% $3,720
    First Federal Bank of Kansas City 1 5.75% $9,531
    FREEDOM MORTGAGE CORPORATION 1 6.25% $14,515
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.25% $19,163
    IDAHO CENTRAL 1 5.88% $4,445
    INTERCAP LENDING INC. 1 5.63% $126
    MANN FINANCIAL INC. 1 7.25% $2,842
    MOVEMENT MORTGAGE, LLC 1 7.25% $2,809
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $13,456
    NEW DAY FINANCIAL, LLC 1 7.49% $17,433
    QUICKEN LOANS, LLC 1 6.49% $7,926
    S1L, Inc. 1 6.25% $24,018
    SUMMIT FUNDING, INC. 1 6.75% $13,492
    The Federal Savings Bank 1 6.13% $42,819
    UNITED WHOLESALE MORTGAGE, LLC 1 6.13% $7,908
    BROKER SOLUTIONS, INC. 1 6.10% $10,968
    VERITAS FUNDING, LLC 1 6.00% $27,246
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $0
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $19,011
    FIRST COLONY MORTGAGE CORPORATION 1 6.63% $932

    The top Rexburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 4 VA loans originated. Their average total fees are $10,728, which is $2,493 lower than the next largest lender, CANOPY MORTGAGE, LLC.

    The lowest fee Rexburg VA lenders (with over 10 loans originated) are .

    The lowest rate Rexburg VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Rexburg (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 $286,950 (13.4%) $461,584 (9.9%) 0.00 105
    2018-02-01 $284,450 (12.9%) $453,648 (4.1%) 0.00 98
    2018-03-01 $277,450 (9.3%) $449,344 (-3.3%) 0.00 100
    2018-04-01 $280,900 (4.0%) $429,479 (-6.9%) 0.00 102
    2018-05-01 $296,725 (7.6%) $417,236 (3.4%) 0.00 118
    2018-06-01 $279,900 (1.4%) $374,401 (-3.4%) 0.00 140
    2018-07-01 $298,175 (10.5%) $379,501 (-8.6%) 0.00 155
    2018-08-01 $319,200 (22.8%) $409,963 (-2.4%) 0.00 154
    2018-09-01 $315,400 (14.7%) $419,851 (-4.7%) 0.00 156
    2018-10-01 $315,400 (12.7%) $418,085 (-7.3%) 0.00 137
    2018-11-01 $308,675 (10.3%) $408,991 (-13.8%) 0.00 128
    2018-12-01 $325,900 (12.4%) $435,768 (-14.4%) 0.00 116
    2019-01-01 $313,175 (9.1%) $417,447 (-9.6%) 0.00 110
    2019-02-01 $299,900 (5.4%) $384,026 (-15.4%) 0.00 103
    2019-03-01 $299,900 (8.1%) $424,566 (-5.5%) 0.00 104
    2019-04-01 $299,900 (6.8%) $485,028 (12.9%) 0.00 109
    2019-05-01 $325,725 (9.8%) $465,569 (11.6%) 0.00 148
    2019-06-01 $334,900 (19.7%) $501,212 (33.9%) 0.00 147
    2019-07-01 $338,500 (13.5%) $509,090 (34.2%) 0.00 162
    2019-08-01 $334,964 (4.9%) $505,971 (23.4%) 0.00 157
    2019-09-01 $323,734 (2.6%) $490,542 (16.8%) 0.00 143
    2019-10-01 $323,473 (2.6%) $485,346 (16.1%) 0.00 133
    2019-11-01 $329,000 (6.6%) $502,971 (23.0%) 0.00 121
    2019-12-01 $332,500 (2.0%) $520,907 (19.5%) 0.00 101
    2020-01-01 $329,925 (5.4%) $573,541 (37.4%) 0.00 83
    2020-02-01 $329,950 (10.0%) $535,533 (39.5%) 0.00 78
    2020-03-01 $317,400 (5.8%) $483,075 (13.8%) 0.00 88
    2020-04-01 $308,400 (2.8%) $473,405 (-2.4%) 0.00 103
    2020-05-01 $338,500 (3.9%) $481,741 (3.5%) 0.00 111
    2020-06-01 $345,000 (3.0%) $539,983 (7.7%) 0.00 110
    2020-07-01 $349,000 (3.1%) $604,233 (18.7%) 0.00 96
    2020-08-01 $380,000 (13.5%) $635,302 (25.6%) 0.00 76
    2020-09-01 $475,250 (46.8%) $582,594 (18.8%) 0.00 67
    2020-10-01 $450,000 (39.1%) $612,619 (26.2%) 0.00 66
    2020-11-01 $429,450 (30.5%) $570,726 (13.5%) 0.00 54
    2020-12-01 $427,200 (28.5%) $589,271 (13.1%) 0.00 48
    2021-01-01 $482,450 (46.2%) $761,318 (32.7%) 0.00 38
    2021-02-01 $520,725 (57.8%) $850,081 (58.7%) 0.00 36
    2021-03-01 $630,250 (98.6%) $916,317 (89.7%) 0.00 42
    2021-04-01 $612,125 (98.5%) $871,359 (84.1%) 0.00 58
    2021-05-01 $585,000 (72.8%) $815,576 (69.3%) 0.00 66
    2021-06-01 $583,375 (69.1%) $816,231 (51.2%) 0.00 89
    2021-07-01 $607,000 (73.9%) $820,076 (35.7%) 0.00 107
    2021-08-01 $607,225 (59.8%) $823,167 (29.6%) 0.00 105
    2021-09-01 $630,750 (32.7%) $846,214 (45.3%) 0.00 116
    2021-10-01 $649,000 (44.2%) $893,882 (45.9%) 0.00 93
    2021-11-01 $695,000 (61.8%) $913,698 (60.1%) 0.00 65
    2021-12-01 $670,725 (57.0%) $900,040 (52.7%) 0.00 49
    2022-01-01 $660,000 (36.8%) $925,029 (21.5%) 0.00 41
    2022-02-01 $555,000 (6.6%) $794,005 (-6.6%) 0.00 42
    2022-03-01 $608,000 (-3.5%) $853,116 (-6.9%) 0.00 44
    2022-04-01 $518,450 (-15.3%) $775,798 (-11.0%) 0.00 76
    2022-05-01 $502,675 (-14.1%) $823,636 (1.0%) 0.00 103
    2022-06-01 $491,725 (-15.7%) $773,691 (-5.2%) 0.00 137
    2022-07-01 $499,000 (-17.8%) $729,127 (-11.1%) 0.00 168
    2022-08-01 $523,294 (-13.8%) $723,282 (-12.1%) 0.00 187
    2022-09-01 $554,925 (-12.0%) $711,080 (-16.0%) 0.00 183
    2022-10-01 $550,000 (-15.3%) $718,077 (-19.7%) 0.00 178
    2022-11-01 $549,450 (-20.9%) $704,893 (-22.9%) 0.00 162
    2022-12-01 $510,000 (-24.0%) $652,656 (-27.5%) 0.00 143
    2023-01-01 $494,250 (-25.1%) $676,397 (-26.9%) 0.00 120
    2023-02-01 $504,475 (-9.1%) $770,673 (-2.9%) 0.00 112
    2023-03-01 $499,225 (-17.9%) $781,944 (-8.3%) 0.00 120
    2023-04-01 $499,450 (-3.7%) $778,963 (0.4%) 0.00 124
    2023-05-01 $528,450 (5.1%) $729,549 (-11.4%) 0.00 133
    2023-06-01 $549,500 (11.8%) $712,029 (-8.0%) 0.00 164
    2023-07-01 $550,000 (10.2%) $692,272 (-5.1%) 0.00 193
    2023-08-01 $551,250 (5.3%) $755,595 (4.5%) 0.00 199
    2023-09-01 $539,950 (-2.7%) $762,067 (7.2%) 0.00 200
    2023-10-01 $529,950 (-3.7%) $778,136 (8.4%) 0.00 200
    2023-11-01 $519,225 (-5.5%) $752,672 (6.8%) 0.00 190
    2023-12-01 $499,900 (-2.0%) $753,047 (15.4%) 0.00 172
    2024-01-01 $499,900 (1.1%) $767,587 (13.5%) 0.00 137
    2024-02-01 $502,450 (-0.4%) $769,286 (-0.2%) 0.00 135
    2024-03-01 $515,450 (3.3%) $824,215 (5.4%) 0.00 142
    Rexburg's median listing price for 2024-03-01 was $515,450, a difference of $16,225 (3.3%) versus the prior year and $13,000 versus the prior month.

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

    Rexburg's average listing price for 2024-03-01 was $824,215, a difference of $42,271 (5.4%) versus the prior year and $54,929 versus the prior month.

    For the 2024-03-01 period, Rexburg had 142 MLS listings, a difference of 7 listings (5%) versus the prior month and 22 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Rexburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,452 sqft
    2018-02-01 0 days 2,488 sqft
    2018-03-01 0 days 2,588 sqft
    2018-04-01 0 days 2,588 sqft
    2018-05-01 0 days 2,594 sqft
    2018-06-01 0 days 2,436 sqft
    2018-07-01 0 days 2,444 sqft
    2018-08-01 0 days 2,472 sqft
    2018-09-01 0 days 2,453 sqft
    2018-10-01 0 days 2,435 sqft
    2018-11-01 0 days 2,489 sqft
    2018-12-01 0 days 2,521 sqft
    2019-01-01 0 days 2,536 sqft
    2019-02-01 0 days 2,496 sqft
    2019-03-01 0 days 2,469 sqft
    2019-04-01 0 days 2,375 sqft
    2019-05-01 0 days 2,348 sqft
    2019-06-01 0 days 2,420 sqft
    2019-07-01 0 days 2,400 sqft
    2019-08-01 0 days 2,553 sqft
    2019-09-01 0 days 2,549 sqft
    2019-10-01 0 days 2,545 sqft
    2019-11-01 0 days 2,552 sqft
    2019-12-01 0 days 2,525 sqft
    2020-01-01 0 days 2,525 sqft
    2020-02-01 0 days 2,346 sqft
    2020-03-01 0 days 2,325 sqft
    2020-04-01 0 days 2,028 sqft
    2020-05-01 0 days 2,176 sqft
    2020-06-01 0 days 2,379 sqft
    2020-07-01 0 days 2,519 sqft
    2020-08-01 0 days 2,756 sqft
    2020-09-01 0 days 2,767 sqft
    2020-10-01 0 days 2,779 sqft
    2020-11-01 0 days 2,574 sqft
    2020-12-01 0 days 2,240 sqft
    2021-01-01 0 days 2,208 sqft
    2021-02-01 0 days 2,321 sqft
    2021-03-01 0 days 2,473 sqft
    2021-04-01 0 days 2,187 sqft
    2021-05-01 0 days 2,259 sqft
    2021-06-01 0 days 2,394 sqft
    2021-07-01 0 days 2,638 sqft
    2021-08-01 0 days 2,661 sqft
    2021-09-01 0 days 2,539 sqft
    2021-10-01 0 days 2,296 sqft
    2021-11-01 0 days 2,413 sqft
    2021-12-01 0 days 2,523 sqft
    2022-01-01 0 days 2,399 sqft
    2022-02-01 0 days 2,189 sqft
    2022-03-01 0 days 2,202 sqft
    2022-04-01 0 days 2,200 sqft
    2022-05-01 0 days 2,118 sqft
    2022-06-01 0 days 2,098 sqft
    2022-07-01 0 days 2,215 sqft
    2022-08-01 0 days 2,231 sqft
    2022-09-01 0 days 2,267 sqft
    2022-10-01 0 days 2,336 sqft
    2022-11-01 0 days 2,418 sqft
    2022-12-01 0 days 2,293 sqft
    2023-01-01 0 days 2,220 sqft
    2023-02-01 0 days 2,115 sqft
    2023-03-01 0 days 2,247 sqft
    2023-04-01 0 days 2,204 sqft
    2023-05-01 0 days 2,187 sqft
    2023-06-01 0 days 2,078 sqft
    2023-07-01 0 days 2,020 sqft
    2023-08-01 0 days 2,070 sqft
    2023-09-01 0 days 2,065 sqft
    2023-10-01 0 days 2,105 sqft
    2023-11-01 0 days 2,098 sqft
    2023-12-01 0 days 2,084 sqft
    2024-01-01 0 days 2,152 sqft
    2024-02-01 0 days 2,119 sqft
    2024-03-01 0 days 2,224 sqft
    Rexburg's median listing age (time on market) for 2024-03-01 was 0 days.

    Rexburg's median square footage for active listings during the 2024-03-01 period was 2,224 sqft. One year prior, the average listing was 2,247 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.