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 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.