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 38 lenders originated 99 VA loans during 2024. The total origination value was $54,405,000, with an average VA loan value of $549,545.

    Sandpoint VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sandpoint averaged 6.77% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Sandpoint's average VA mortgage closing costs are $8,078.

    The average rate for the prior week (2025-07-11) was 6.76% and one month ago for the week of 2025-06-13, the average rate was 6.74%.

    The average rate one year ago was 6.63%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.92%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 13 6.13% $14,694
    QUICKEN LOANS, LLC 8 6.12% $16,428
    FREEDOM MORTGAGE CORPORATION 6 6.48% $14,738
    Mortgage Research Center, LLC 5 6.40% $9,241
    NAVY FEDERAL CREDIT UNION 5 5.78% $3,741
    Glacier Bank 5 5.83% $16,360
    LOANDEPOT.COM, LLC 4 6.12% $17,558
    USAA Federal Savings Bank 4 6.16% $8,465
    PLANET HOME LENDING, LLC 4 6.25% $10,498
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 4 5.94% $12,936
    PREMIER MORTGAGE RESOURCES, L.L.C. 3 5.79% $25,178
    Willamette Valley Bank 2 6.00% $4,572
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 5.44% $12,412
    Century Mortgage Company DBA Century Lending Company 2 6.06% $2,975
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.75% $5,813
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.13% $15,281
    GUARANTEED RATE, INC. 2 5.95% $2,303
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.63% $8,728
    T2 FINANCIAL LLC 2 6.75% $10,558
    ENVOY MORTGAGE, LTD 1 5.88% $9,831
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $23,094
    NATIONS DIRECT MORTGAGE, LLC 1 5.99% $13,675
    Credence Funding Corporation 1 6.00% $7,264
    NEWREZ LLC 1 6.25% $13,277
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $7,674
    PENTAGON FEDERAL CREDIT UNION 1 6.38% $4,334
    CMG MORTGAGE, INC. 1 6.00% $8,697
    CHURCHILL MORTGAGE CORPORATION 1 7.50% $18,939
    Boeing Employees Credit Union 1 6.50% $800
    SUMMIT FUNDING, INC. 1 5.13% $28,097
    1st Security Bank of Washington 1 6.25% $7,033
    The Central Trust Bank 1 5.50% $9,362
    Umpqua Bank 1 6.13% $7,390
    Barrington Bank & Trust Company, N.A. 1 6.25% $4,627
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $6,623
    VILLAGE CAPITAL MORTGAGE 1 6.25% $7,444
    GUILD MORTGAGE COMPANY 1 5.75% $8,630
    Wallick & Volk, Inc. 1 6.38% $150

    The top Sandpoint VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 13 VA loans originated. Their average total fees are $14,694, which is $1,733 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Sandpoint VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($14,694), .

    The lowest rate Sandpoint VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.13%), .

    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.