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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.