Sandpoint VA Loan Rates, Closing Costs & Stats

Sandpoint, 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.

    Sandpoint's 53 lenders originated 232 VA loans during 2021. The total origination value was $83,400,000, with an average VA loan value of $359,483.

    Sandpoint VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sandpoint averaged 6.23% for the week of 2023-01-27, compared to the national average (all VA variants) of 5.952% for the same period.

    Sandpoint's average VA mortgage closing costs are $6,796.

    The average rate for the prior week (2023-01-20) was 5.97% and one month ago for the week of 2022-12-23, the average rate was 6.34%.

    The average rate one year ago was 3.83%.

    For refis of the same type during the week of 2023-01-27, the average rate was 6.18%.

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

    Sandpoint 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 Sandpoint level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    FREEDOM MORTGAGE CORPORATION 23 2.44% $3,109
    QUICKEN LOANS, LLC 21 2.33% $6,391
    GUARANTEED RATE, INC. 11 2.42% $7,244
    Willamette Valley Bank 10 2.58% $8,896
    Mortgage Research Center, LLC 10 2.77% $7,201
    PENNYMAC LOAN SERVICES, LLC 9 2.29% $8,520
    NEW DAY FINANCIAL, LLC 9 2.82% $6,399
    CALIBER HOME LOANS, INC. 7 2.84% $7,905
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 3.16% $7,310
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 6 3.21% $9,261
    NAVY FEDERAL CREDIT UNION 6 2.56% $4,417
    LOANDEPOT.COM, LLC 6 2.48% $5,173
    AMERICAN PACIFIC MORTGAGE CORPORATION 6 2.98% $7,650
    Glacier Bank 5 2.95% $8,420
    GUILD MORTGAGE COMPANY 5 2.65% $3,970
    LAKEVIEW LOAN SERVICING, LLC 4 2.31% $2,597
    PLANET HOME LENDING, LLC 4 2.50% $3,146
    UNITED WHOLESALE MORTGAGE, LLC 4 2.55% $2,666
    HOME POINT FINANCIAL CORPORATION 4 2.44% $5,219
    VILLAGE CAPITAL MORTGAGE 4 2.09% $2,768
    Umpqua Bank 3 2.58% $3,522
    Sunflower Bank 3 2.96% $10,238
    CLEARPATH LENDING 3 2.33% $5,426
    CMG MORTGAGE, INC. 2 2.75% $3,243
    PENTAGON FEDERAL CREDIT UNION 2 2.31% $3,286
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 2.75% $37,804
    SOVEREIGN LENDING GROUP INCORPORATED 2 2.50% $2,815
    STEARNS LENDING, LLC 2 2.75% $3,137
    The Federal Savings Bank 2 2.69% $6,250
    USAA Federal Savings Bank 2 3.19% $7,889
    Low VA Rates, LLC 2 2.38% $6,217
    NBKC BANK 2 2.88% $2,132
    North American Savings Bank, F.S.B. 2 2.25% $3,737
    NEWREZ LLC 1 2.99% $2,683
    AMERISAVE MORTGAGE CORPORATION 1 3.00% $15,957
    Banner Bank 1 2.38% $16,980
    Carrington Mortgage Services, LLC 1 2.88% $5,006
    Century Mortgage Company DBA Century Lending Company 1 3.25% $2,524
    Flagstar Bank, FSB 1 2.75% $1,748
    Franklin Loan Corporation 1 2.75% $23,297
    GLOBAL 1 2.50% $12,023
    GSF Mortgage Corporation 1 2.25% $2,553
    HORIZON 1 2.63% $9,289
    IDAHO CENTRAL 1 2.63% $2,934
    INTERCAP LENDING INC. 1 2.88% $12,944
    LENDUS, LLC 1 2.25% $2,658
    Magnolia Bank 1 2.25% $5,217
    Mr. Cooper ( Nationstar Mortgage ) 1 2.25% $6,549
    ACADEMY MORTGAGE CORPORATION 1 2.75% $13,414
    Prime Choice Funding Inc. 1 2.25% $5,055
    SOUTHWEST STAGE FUNDING, LLC 1 2.25% $6,710
    U.S. Bank 1 2.38% $9,190
    Wells Fargo Bank 1 2.25% $5,806

    The top Sandpoint VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 23 VA loans originated. Their average total fees are $3,109, which is $3,282 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Sandpoint VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($3,109), QUICKEN LOANS, LLC ($6,391), Mortgage Research Center, LLC ($7,201), GUARANTEED RATE, INC. ($7,244) and Willamette Valley Bank ($8,896).

    The lowest rate Sandpoint VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.33%), GUARANTEED RATE, INC. (2.42%), FREEDOM MORTGAGE CORPORATION (2.44%), Willamette Valley Bank (2.58%) and Mortgage Research Center, LLC (2.77%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sandpoint (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 $361,500 (-2.0%) $528,983 (-7.4%) 0.00 362
    2018-02-01 $359,125 (2.0%) $539,315 (-2.7%) 0.00 371
    2018-03-01 $369,000 (-0.8%) $571,728 (0.2%) 0.00 403
    2018-04-01 $378,000 (3.1%) $570,034 (0.3%) 0.00 442
    2018-05-01 $379,395 (4.2%) $574,526 (4.2%) 0.00 516
    2018-06-01 $395,000 (7.5%) $591,708 (7.7%) 0.00 609
    2018-07-01 $397,350 (5.7%) $596,366 (9.0%) 0.00 642
    2018-08-01 $425,000 (9.3%) $629,074 (11.3%) 0.00 717
    2018-09-01 $399,900 (9.6%) $652,285 (15.1%) 0.00 615
    2018-10-01 $398,250 (8.4%) $639,757 (14.6%) 0.00 566
    2018-11-01 $397,725 (7.7%) $639,342 (16.3%) 0.00 492
    2018-12-01 $399,000 (8.1%) $683,067 (28.1%) 0.00 430
    2019-01-01 $405,750 (12.2%) $790,935 (49.5%) 0.00 343
    2019-02-01 $437,300 (21.8%) $863,036 (60.0%) 0.00 308
    2019-03-01 $449,193 (21.7%) $856,101 (49.7%) 0.00 318
    2019-04-01 $449,725 (19.0%) $808,541 (41.8%) 0.00 350
    2019-05-01 $450,000 (18.6%) $783,531 (36.4%) 0.00 406
    2019-06-01 $449,450 (13.8%) $760,174 (28.5%) 0.00 483
    2019-07-01 $449,975 (13.2%) $736,971 (23.6%) 0.00 557
    2019-08-01 $462,455 (8.8%) $757,052 (20.3%) 0.00 527
    2019-09-01 $466,136 (16.6%) $776,043 (19.0%) 0.00 468
    2019-10-01 $469,415 (17.9%) $801,367 (25.3%) 0.00 412
    2019-11-01 $478,000 (20.2%) $832,616 (30.2%) 0.00 361
    2019-12-01 $527,000 (32.1%) $896,812 (31.3%) 0.00 339
    2020-01-01 $541,000 (33.3%) $914,162 (15.6%) 0.00 284
    2020-02-01 $529,000 (21.0%) $925,960 (7.3%) 0.00 275
    2020-03-01 $544,225 (21.2%) $957,269 (11.8%) 0.00 273
    2020-04-01 $524,000 (16.5%) $914,254 (13.1%) 0.00 309
    2020-05-01 $529,000 (17.6%) $901,331 (15.0%) 0.00 328
    2020-06-01 $549,750 (22.3%) $903,954 (18.9%) 0.00 353
    2020-07-01 $570,000 (26.7%) $958,677 (30.1%) 0.00 348
    2020-08-01 $596,000 (28.9%) $1,055,203 (39.4%) 0.00 304
    2020-09-01 $593,200 (27.3%) $1,078,129 (38.9%) 0.00 239
    2020-10-01 $634,000 (35.1%) $1,166,716 (45.6%) 0.00 202
    2020-11-01 $684,225 (43.1%) $1,403,268 (68.5%) 0.00 151
    2020-12-01 $774,250 (46.9%) $1,592,753 (77.6%) 0.00 122
    2021-01-01 $800,000 (47.9%) $1,740,518 (90.4%) 0.00 90
    2021-02-01 $789,450 (49.2%) $1,815,194 (96.0%) 0.00 81
    2021-03-01 $699,225 (28.5%) $1,775,569 (85.5%) 0.00 79
    2021-04-01 $696,225 (32.9%) $1,713,123 (87.4%) 0.00 95
    2021-05-01 $726,000 (37.2%) $1,519,220 (68.6%) 0.00 136
    2021-06-01 $762,450 (38.7%) $1,274,769 (41.0%) 0.00 192
    2021-07-01 $707,500 (24.1%) $1,119,126 (16.7%) 0.00 279
    2021-08-01 $750,000 (25.8%) $1,119,153 (6.1%) 0.00 286
    2021-09-01 $749,900 (26.4%) $1,184,064 (9.8%) 0.00 289
    2021-10-01 $749,000 (18.1%) $1,298,318 (11.3%) 0.00 234
    2021-11-01 $741,950 (8.4%) $1,274,666 (-9.2%) 0.00 168
    2021-12-01 $742,000 (-4.2%) $1,317,658 (-17.3%) 0.00 135
    2022-01-01 $799,000 (-0.1%) $1,386,408 (-20.4%) 0.00 85
    2022-02-01 $870,725 (10.3%) $1,316,106 (-27.5%) 0.00 90
    2022-03-01 $954,500 (36.5%) $1,333,108 (-24.9%) 0.00 107
    2022-04-01 $875,000 (25.7%) $1,237,886 (-27.7%) 0.00 143
    2022-05-01 $838,250 (15.5%) $1,238,649 (-18.5%) 0.00 244
    2022-06-01 $825,000 (8.2%) $1,212,987 (-4.9%) 0.00 372
    2022-07-01 $799,800 (13.1%) $1,242,712 (11.0%) 0.00 466
    2022-08-01 $825,000 (10.0%) $1,242,529 (11.0%) 0.00 499
    2022-09-01 $812,250 (8.3%) $1,252,389 (5.8%) 0.00 472
    2022-10-01 $799,000 (6.7%) $1,217,311 (-6.2%) 0.00 440
    2022-11-01 $799,000 (7.7%) $1,185,648 (-7.0%) 0.00 368
    2022-12-01 $799,000 (7.7%) $1,202,000 (-8.8%) 0.00 326
    Sandpoint's median listing price for 2022-12-01 was $799,000, a difference of $57,000 (7.7%) versus the prior year and $0 versus the prior month.

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

    Sandpoint's average listing price for 2022-12-01 was $1,202,000, a difference of $-115,658 (-8.8%) versus the prior year and $16,352 versus the prior month.

    For the 2022-12-01 period, Sandpoint had 326 MLS listings, a difference of -42 listings (-11%) versus the prior month and 191 listings (141%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sandpoint (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,868 sqft
    2018-02-01 0 days 1,851 sqft
    2018-03-01 0 days 1,878 sqft
    2018-04-01 0 days 1,882 sqft
    2018-05-01 0 days 1,885 sqft
    2018-06-01 0 days 1,914 sqft
    2018-07-01 0 days 1,926 sqft
    2018-08-01 0 days 1,959 sqft
    2018-09-01 0 days 2,059 sqft
    2018-10-01 0 days 2,023 sqft
    2018-11-01 0 days 2,033 sqft
    2018-12-01 0 days 2,056 sqft
    2019-01-01 0 days 2,033 sqft
    2019-02-01 0 days 2,076 sqft
    2019-03-01 0 days 2,066 sqft
    2019-04-01 0 days 2,015 sqft
    2019-05-01 0 days 2,076 sqft
    2019-06-01 0 days 2,028 sqft
    2019-07-01 0 days 1,987 sqft
    2019-08-01 0 days 2,039 sqft
    2019-09-01 0 days 2,116 sqft
    2019-10-01 0 days 2,199 sqft
    2019-11-01 0 days 2,110 sqft
    2019-12-01 0 days 1,956 sqft
    2020-01-01 0 days 1,893 sqft
    2020-02-01 0 days 1,882 sqft
    2020-03-01 0 days 1,959 sqft
    2020-04-01 0 days 1,957 sqft
    2020-05-01 0 days 2,013 sqft
    2020-06-01 0 days 2,030 sqft
    2020-07-01 0 days 2,094 sqft
    2020-08-01 0 days 2,087 sqft
    2020-09-01 0 days 2,062 sqft
    2020-10-01 0 days 2,216 sqft
    2020-11-01 0 days 2,325 sqft
    2020-12-01 0 days 2,339 sqft
    2021-01-01 0 days 2,240 sqft
    2021-02-01 0 days 2,244 sqft
    2021-03-01 0 days 2,180 sqft
    2021-04-01 0 days 2,109 sqft
    2021-05-01 0 days 2,139 sqft
    2021-06-01 0 days 2,008 sqft
    2021-07-01 0 days 2,010 sqft
    2021-08-01 0 days 2,020 sqft
    2021-09-01 0 days 2,032 sqft
    2021-10-01 0 days 2,001 sqft
    2021-11-01 0 days 1,948 sqft
    2021-12-01 0 days 1,961 sqft
    2022-01-01 0 days 1,990 sqft
    2022-02-01 0 days 1,958 sqft
    2022-03-01 0 days 2,043 sqft
    2022-04-01 0 days 1,975 sqft
    2022-05-01 0 days 1,914 sqft
    2022-06-01 0 days 1,870 sqft
    2022-07-01 0 days 1,901 sqft
    2022-08-01 0 days 1,952 sqft
    2022-09-01 0 days 2,000 sqft
    2022-10-01 0 days 2,020 sqft
    2022-11-01 0 days 1,955 sqft
    2022-12-01 0 days 1,865 sqft
    Sandpoint's median listing age (time on market) for 2022-12-01 was 0 days.

    Sandpoint's median square footage for active listings during the 2022-12-01 period was 1,865 sqft. One year prior, the average listing was 1,961 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.