Sandpoint VA Loan Rates, Closing Costs & Stats

Sandpoint, 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.

Sandpoint's 43 lenders originated 112 VA loans during 2022. The total origination value was $48,750,000, with an average VA loan value of $435,268.

Sandpoint VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Sandpoint averaged 6.21% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Sandpoint's average VA mortgage closing costs are $7,333.

The average rate for the prior week (2024-02-23) was 6.34% and one month ago for the week of 2024-01-26, the average rate was 6.17%.

The average rate one year ago was 5.91%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.25%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
LOANDEPOT.COM, LLC 8 4.03% $18,921
NAVY FEDERAL CREDIT UNION 6 3.35% $4,702
NEW DAY FINANCIAL, LLC 5 3.77% $12,668
Willamette Valley Bank 5 4.30% $8,470
QUICKEN LOANS, LLC 5 2.80% $6,213
Mortgage Research Center, LLC 5 4.70% $10,080
GUARANTEED RATE, INC. 4 4.19% $9,850
AMERICAN PACIFIC MORTGAGE CORPORATION 4 4.12% $17,492
CALIBER HOME LOANS, INC. 3 3.88% $7,541
PENNYMAC LOAN SERVICES, LLC 3 3.29% $9,010
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 5.04% $8,773
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 3 5.33% $13,977
UNITED WHOLESALE MORTGAGE, LLC 3 4.32% $10,486
USAA Federal Savings Bank 3 3.50% $10,357
FREEDOM MORTGAGE CORPORATION 3 3.38% $16,654
Glacier Bank 3 4.83% $7,761
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 4.41% $7,857
BROKER SOLUTIONS, INC. 2 4.19% $9,217
Columbia State Bank 2 4.38% $4,657
GUILD MORTGAGE COMPANY 2 4.56% $27,320
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 5.94% $11,010
Barrington Bank & Trust Company, N.A. 2 4.75% $9,498
Century Mortgage Company DBA Century Lending Company 2 5.00% $8,261
HOME POINT FINANCIAL CORPORATION 2 2.56% $12,940
AMERICAN FINANCING CORPORATION 2 2.44% $6,006
CROSSCOUNTRY MORTGAGE, LLC 2 5.69% $3,135
The Federal Savings Bank 1 2.50% $21,451
Alaska USA Federal Credit Union 1 3.25% $15,946
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.75% $31,129
BAY EQUITY LLC 1 4.99% $6,234
CHERRY CREEK MORTGAGE, LLC 1 2.63% $1,378
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.13% $6,337
Flagstar Bank, FSB 1 4.75% $3,038
Magnolia Bank 1 3.25% $17,993
MANN FINANCIAL INC. 1 3.25% $9,511
NBKC BANK 1 3.38% $3,548
Platinum Home Mortgage Corporation 1 3.25% $14,457
PREMIER MORTGAGE RESOURCES, L.L.C. 1 4.25% $38,908
Prime Choice Funding Inc. 1 3.38% $44,167
Sunflower Bank 1 6.38% $7,747
1st Security Bank of Washington 1 7.50% $19,397
Umpqua Bank 1 3.13% $3,617
Wells Fargo Bank 1 2.63% $9,147

The top Sandpoint VA lender as defined by loan originations is LOANDEPOT.COM, LLC, with 8 VA loans originated. Their average total fees are $18,921, which is $14,219 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

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

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


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 $359,250 (-2.6%) $529,361 (-7.4%) 0.00 361
2018-02-01 $359,000 (2.6%) $540,038 (-2.6%) 0.00 370
2018-03-01 $369,000 (-0.8%) $571,746 (0.2%) 0.00 403
2018-04-01 $377,000 (4.1%) $570,435 (0.4%) 0.00 441
2018-05-01 $379,000 (4.1%) $574,695 (4.1%) 0.00 514
2018-06-01 $395,500 (7.7%) $592,223 (7.4%) 0.00 606
2018-07-01 $398,000 (6.1%) $596,923 (8.8%) 0.00 640
2018-08-01 $425,000 (9.3%) $629,462 (11.3%) 0.00 715
2018-09-01 $399,900 (9.6%) $653,240 (15.2%) 0.00 612
2018-10-01 $397,625 (8.7%) $640,390 (14.7%) 0.00 562
2018-11-01 $397,225 (7.7%) $640,182 (16.3%) 0.00 490
2018-12-01 $399,000 (8.1%) $683,261 (27.8%) 0.00 429
2019-01-01 $404,500 (12.6%) $791,479 (49.5%) 0.00 342
2019-02-01 $436,150 (21.5%) $865,671 (60.3%) 0.00 306
2019-03-01 $449,386 (21.8%) $859,009 (50.2%) 0.00 317
2019-04-01 $449,950 (19.4%) $809,459 (41.9%) 0.00 349
2019-05-01 $453,675 (19.7%) $786,170 (36.8%) 0.00 404
2019-06-01 $449,900 (13.8%) $762,387 (28.7%) 0.00 481
2019-07-01 $450,000 (13.1%) $739,031 (23.8%) 0.00 555
2019-08-01 $466,018 (9.7%) $758,561 (20.5%) 0.00 526
2019-09-01 $467,695 (17.0%) $777,293 (19.0%) 0.00 467
2019-10-01 $469,415 (18.1%) $802,431 (25.3%) 0.00 412
2019-11-01 $479,000 (20.6%) $835,019 (30.4%) 0.00 361
2019-12-01 $527,450 (32.2%) $899,823 (31.7%) 0.00 337
2020-01-01 $548,000 (35.5%) $919,337 (16.2%) 0.00 282
2020-02-01 $529,000 (21.3%) $928,983 (7.3%) 0.00 274
2020-03-01 $546,475 (21.6%) $961,167 (11.9%) 0.00 271
2020-04-01 $525,750 (16.9%) $918,457 (13.5%) 0.00 306
2020-05-01 $529,700 (16.8%) $905,981 (15.2%) 0.00 326
2020-06-01 $554,500 (23.3%) $906,796 (18.9%) 0.00 352
2020-07-01 $576,311 (28.1%) $965,398 (30.6%) 0.00 342
2020-08-01 $597,000 (28.1%) $1,045,947 (37.9%) 0.00 300
2020-09-01 $594,500 (27.1%) $1,069,877 (37.6%) 0.00 234
2020-10-01 $634,000 (35.1%) $1,155,678 (44.0%) 0.00 197
2020-11-01 $684,225 (42.8%) $1,411,443 (69.0%) 0.00 149
2020-12-01 $779,500 (47.8%) $1,615,612 (79.6%) 0.00 120
2021-01-01 $813,000 (48.4%) $1,771,993 (92.8%) 0.00 87
2021-02-01 $794,225 (50.1%) $1,855,868 (99.8%) 0.00 78
2021-03-01 $698,225 (27.8%) $1,811,959 (88.5%) 0.00 76
2021-04-01 $696,225 (32.4%) $1,734,015 (88.8%) 0.00 93
2021-05-01 $726,000 (37.1%) $1,529,108 (68.8%) 0.00 134
2021-06-01 $764,925 (38.0%) $1,279,522 (41.1%) 0.00 190
2021-07-01 $707,500 (22.8%) $1,114,574 (15.5%) 0.00 277
2021-08-01 $750,000 (25.6%) $1,115,062 (6.6%) 0.00 284
2021-09-01 $749,675 (26.1%) $1,178,106 (10.1%) 0.00 287
2021-10-01 $748,500 (18.1%) $1,291,544 (11.8%) 0.00 232
2021-11-01 $739,700 (8.1%) $1,265,178 (-10.4%) 0.00 167
2021-12-01 $742,000 (-4.8%) $1,321,001 (-18.2%) 0.00 133
2022-01-01 $799,000 (-1.7%) $1,365,300 (-23.0%) 0.00 83
2022-02-01 $905,725 (14.0%) $1,337,696 (-27.9%) 0.00 88
2022-03-01 $969,225 (38.8%) $1,353,402 (-25.3%) 0.00 105
2022-04-01 $875,000 (25.7%) $1,247,237 (-28.1%) 0.00 142
2022-05-01 $839,450 (15.6%) $1,247,709 (-18.4%) 0.00 242
2022-06-01 $832,000 (8.8%) $1,218,526 (-4.8%) 0.00 370
2022-07-01 $799,900 (13.1%) $1,245,680 (11.8%) 0.00 465
2022-08-01 $825,000 (10.0%) $1,244,957 (11.7%) 0.00 498
2022-09-01 $817,000 (9.0%) $1,254,952 (6.5%) 0.00 471
2022-10-01 $799,000 (6.8%) $1,221,161 (-5.5%) 0.00 438
2022-11-01 $799,500 (8.1%) $1,190,100 (-5.9%) 0.00 366
2022-12-01 $799,999 (7.8%) $1,207,057 (-8.6%) 0.00 324
2023-01-01 $842,450 (5.4%) $1,233,379 (-9.7%) 0.00 269
2023-02-01 $849,000 (-6.3%) $1,254,051 (-6.3%) 0.00 264
2023-03-01 $849,700 (-12.3%) $1,280,440 (-5.4%) 0.00 258
2023-04-01 $864,900 (-1.2%) $1,296,628 (4.0%) 0.00 256
2023-05-01 $797,000 (-5.1%) $1,208,488 (-3.1%) 0.00 343
2023-06-01 $796,250 (-4.3%) $1,222,987 (0.4%) 0.00 450
2023-07-01 $775,000 (-3.1%) $1,208,448 (-3.0%) 0.00 512
2023-08-01 $768,000 (-6.9%) $1,198,275 (-3.8%) 0.00 527
2023-09-01 $772,500 (-5.5%) $1,199,022 (-4.5%) 0.00 491
2023-10-01 $787,500 (-1.4%) $1,222,004 (0.1%) 0.00 446
2023-11-01 $792,000 (-0.9%) $1,274,611 (7.1%) 0.00 369
2023-12-01 $829,000 (3.6%) $1,250,608 (3.6%) 0.00 328
2024-01-01 $829,500 (-1.5%) $1,253,142 (1.6%) 0.00 309
Sandpoint's median listing price for 2024-01-01 was $829,500, a difference of $-12,950 (-1.5%) versus the prior year and $500 versus the prior month.

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

Sandpoint's average listing price for 2024-01-01 was $1,253,142, a difference of $19,763 (1.6%) versus the prior year and $2,534 versus the prior month.

For the 2024-01-01 period, Sandpoint had 309 MLS listings, a difference of -19 listings (-6%) versus the prior month and 40 listings (15%) 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 1,854 sqft
2018-03-01 0 days 1,876 sqft
2018-04-01 0 days 1,884 sqft
2018-05-01 0 days 1,886 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 2,050 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 2,069 sqft
2019-04-01 0 days 2,017 sqft
2019-05-01 0 days 2,080 sqft
2019-06-01 0 days 2,050 sqft
2019-07-01 0 days 1,988 sqft
2019-08-01 0 days 2,041 sqft
2019-09-01 0 days 2,122 sqft
2019-10-01 0 days 2,211 sqft
2019-11-01 0 days 2,112 sqft
2019-12-01 0 days 1,964 sqft
2020-01-01 0 days 1,899 sqft
2020-02-01 0 days 1,897 sqft
2020-03-01 0 days 1,990 sqft
2020-04-01 0 days 1,970 sqft
2020-05-01 0 days 2,025 sqft
2020-06-01 0 days 2,065 sqft
2020-07-01 0 days 2,140 sqft
2020-08-01 0 days 2,100 sqft
2020-09-01 0 days 2,075 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 2,256 sqft
2021-03-01 0 days 2,176 sqft
2021-04-01 0 days 2,109 sqft
2021-05-01 0 days 2,139 sqft
2021-06-01 0 days 2,009 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 1,936 sqft
2021-12-01 0 days 1,967 sqft
2022-01-01 0 days 2,000 sqft
2022-02-01 0 days 1,983 sqft
2022-03-01 0 days 2,071 sqft
2022-04-01 0 days 1,988 sqft
2022-05-01 0 days 1,921 sqft
2022-06-01 0 days 1,877 sqft
2022-07-01 0 days 1,907 sqft
2022-08-01 0 days 1,958 sqft
2022-09-01 0 days 2,000 sqft
2022-10-01 0 days 2,027 sqft
2022-11-01 0 days 1,982 sqft
2022-12-01 0 days 1,867 sqft
2023-01-01 0 days 1,858 sqft
2023-02-01 0 days 1,888 sqft
2023-03-01 0 days 1,900 sqft
2023-04-01 0 days 2,000 sqft
2023-05-01 0 days 1,999 sqft
2023-06-01 0 days 2,012 sqft
2023-07-01 0 days 1,936 sqft
2023-08-01 0 days 1,914 sqft
2023-09-01 0 days 1,936 sqft
2023-10-01 0 days 2,016 sqft
2023-11-01 0 days 2,021 sqft
2023-12-01 0 days 2,016 sqft
2024-01-01 0 days 2,004 sqft
Sandpoint's median listing age (time on market) for 2024-01-01 was 0 days.

Sandpoint's median square footage for active listings during the 2024-01-01 period was 2,004 sqft. One year prior, the average listing was 1,858 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.