Twin Falls VA Loan Rates, Closing Costs & Stats

TWIN FALLS, 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.

Twin Falls's 37 lenders originated 141 VA loans during 2023. The total origination value was $46,145,000, with an average VA loan value of $327,270.

Twin Falls VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Twin Falls averaged 6.35% for the week of 2024-06-07, compared to the national average (all VA variants) of 6.387% for the same period.

Twin Falls's average VA mortgage closing costs are $7,074.

The average rate for the prior week (2024-05-31) was 6.47% and one month ago for the week of 2024-05-03, the average rate was 6.79%.

The average rate one year ago was 6.49%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.38%.

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

Twin Falls 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 Twin Falls level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 18 6.42% $6,662
QUICKEN LOANS, LLC 14 6.10% $12,558
NFM, INC. 12 6.38% $12,185
CORNERSTONE HOME LENDING, INC. 10 6.15% $8,040
UNITED WHOLESALE MORTGAGE, LLC 7 6.04% $8,544
GUILD MORTGAGE COMPANY 6 6.79% $10,400
MOVEMENT MORTGAGE, LLC 5 7.03% $6,784
IDAHO CENTRAL 5 5.90% $6,407
First Federal Savings Bank of Twin Falls 4 6.81% $4,910
AXIA FINANCIAL, LLC 4 6.47% $10,989
FREEDOM MORTGAGE CORPORATION 4 6.63% $20,625
D. L. Evans Bank 4 6.75% $13,552
PREMIER MORTGAGE RESOURCES, L.L.C. 4 6.75% $15,946
NAVY FEDERAL CREDIT UNION 3 5.58% $9,526
PENNYMAC LOAN SERVICES, LLC 3 5.75% $7,218
LOANDEPOT.COM, LLC 3 6.75% $9,605
AMERISAVE MORTGAGE CORPORATION 2 6.00% $14,265
S1L, Inc. 2 5.81% $10,735
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.56% $15,481
U.S. Bank 2 6.44% $8,610
VILLAGE CAPITAL MORTGAGE 1 6.25% $11,384
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.50% $11,085
Bank of Idaho 1 6.49% $4,710
CALIBER HOME LOANS, INC. 1 5.63% $17,211
Century Mortgage Company DBA Century Lending Company 1 6.63% $13,307
CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $17,332
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $20,793
FIRST COLONY MORTGAGE CORPORATION 1 6.13% $9,555
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $20,084
NEW DAY FINANCIAL, LLC 1 8.25% $19,154
Old National Bank 1 5.99% $3,049
PIONEER 1 5.88% $8,952
PLAZA HOME MORTGAGE, INC. 1 5.99% $11,089
TJC Mortgage, Inc. 1 5.13% $12,189
USAA Federal Savings Bank 1 5.63% $7,829
VAN DYK MORTGAGE CORPORATION 1 5.63% $14,587
AmeriHome Mortgage Company, LLC 1 5.00% $225

The top Twin Falls VA lender as defined by loan originations is Mortgage Research Center, LLC, with 18 VA loans originated. Their average total fees are $6,662, which is $5,896 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Twin Falls VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,662), CORNERSTONE HOME LENDING, INC. ($8,040), NFM, INC. ($12,185), QUICKEN LOANS, LLC ($12,558) and .

The lowest rate Twin Falls VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.10%), CORNERSTONE HOME LENDING, INC. (6.15%), NFM, INC. (6.38%), Mortgage Research Center, LLC (6.42%) and .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Twin Falls (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 $239,900 (14.3%) $296,653 (11.5%) 0.00 344
2018-02-01 $239,900 (7.4%) $303,662 (11.4%) 0.00 307
2018-03-01 $249,450 (10.6%) $309,121 (12.8%) 0.00 300
2018-04-01 $244,968 (2.1%) $303,741 (6.2%) 0.00 315
2018-05-01 $254,946 (1.3%) $318,482 (6.5%) 0.00 320
2018-06-01 $249,000 (-0.4%) $314,078 (5.8%) 0.00 375
2018-07-01 $244,400 (-2.0%) $305,534 (1.8%) 0.00 400
2018-08-01 $240,325 (-3.7%) $298,885 (-0.6%) 0.00 387
2018-09-01 $247,990 (-0.4%) $304,527 (3.0%) 0.00 388
2018-10-01 $247,993 (1.7%) $306,243 (4.9%) 0.00 383
2018-11-01 $252,450 (5.2%) $309,146 (5.0%) 0.00 361
2018-12-01 $260,995 (8.8%) $313,554 (7.1%) 0.00 334
2019-01-01 $252,475 (5.2%) $300,334 (1.2%) 0.00 313
2019-02-01 $248,600 (3.6%) $304,094 (0.1%) 0.00 304
2019-03-01 $258,193 (3.5%) $313,982 (1.6%) 0.00 314
2019-04-01 $261,918 (6.9%) $322,751 (6.3%) 0.00 326
2019-05-01 $274,750 (7.8%) $331,645 (4.1%) 0.00 342
2019-06-01 $274,000 (10.0%) $334,647 (6.6%) 0.00 370
2019-07-01 $264,450 (8.2%) $310,324 (1.6%) 0.00 405
2019-08-01 $255,291 (6.2%) $308,359 (3.2%) 0.00 409
2019-09-01 $255,127 (2.9%) $319,008 (4.8%) 0.00 402
2019-10-01 $255,018 (2.8%) $327,928 (7.1%) 0.00 393
2019-11-01 $258,900 (2.6%) $331,637 (7.3%) 0.00 373
2019-12-01 $265,000 (1.5%) $339,923 (8.4%) 0.00 324
2020-01-01 $262,475 (4.0%) $326,613 (8.8%) 0.00 303
2020-02-01 $267,201 (7.5%) $332,440 (9.3%) 0.00 285
2020-03-01 $281,000 (8.8%) $340,044 (8.3%) 0.00 263
2020-04-01 $278,948 (6.5%) $336,047 (4.1%) 0.00 298
2020-05-01 $295,000 (7.4%) $361,934 (9.1%) 0.00 269
2020-06-01 $299,975 (9.5%) $386,243 (15.4%) 0.00 255
2020-07-01 $301,995 (14.2%) $392,290 (26.4%) 0.00 227
2020-08-01 $310,000 (21.4%) $400,155 (29.8%) 0.00 197
2020-09-01 $305,365 (19.7%) $391,224 (22.6%) 0.00 172
2020-10-01 $300,000 (17.6%) $394,030 (20.2%) 0.00 154
2020-11-01 $334,475 (29.2%) $411,426 (24.1%) 0.00 146
2020-12-01 $352,450 (33.0%) $425,984 (25.3%) 0.00 125
2021-01-01 $362,900 (38.3%) $461,174 (41.2%) 0.00 105
2021-02-01 $358,960 (34.3%) $469,438 (41.2%) 0.00 79
2021-03-01 $370,250 (31.8%) $464,481 (36.6%) 0.00 72
2021-04-01 $371,225 (33.1%) $478,109 (42.3%) 0.00 81
2021-05-01 $349,950 (18.6%) $458,197 (26.6%) 0.00 99
2021-06-01 $354,950 (18.3%) $456,821 (18.3%) 0.00 130
2021-07-01 $350,000 (15.9%) $446,645 (13.9%) 0.00 176
2021-08-01 $382,000 (23.2%) $482,714 (20.6%) 0.00 224
2021-09-01 $376,125 (23.2%) $480,178 (22.7%) 0.00 208
2021-10-01 $380,950 (27.0%) $513,570 (30.3%) 0.00 178
2021-11-01 $406,200 (21.4%) $527,682 (28.3%) 0.00 139
2021-12-01 $407,450 (15.6%) $536,532 (26.0%) 0.00 128
2022-01-01 $434,800 (19.8%) $561,303 (21.7%) 0.00 120
2022-02-01 $475,735 (32.5%) $572,139 (21.9%) 0.00 128
2022-03-01 $469,860 (26.9%) $548,868 (18.2%) 0.00 152
2022-04-01 $460,000 (23.9%) $518,775 (8.5%) 0.00 174
2022-05-01 $459,900 (31.4%) $540,791 (18.0%) 0.00 225
2022-06-01 $467,450 (31.7%) $534,709 (17.1%) 0.00 282
2022-07-01 $455,500 (30.1%) $532,907 (19.3%) 0.00 384
2022-08-01 $449,750 (17.7%) $530,692 (9.9%) 0.00 425
2022-09-01 $436,750 (16.1%) $520,075 (8.3%) 0.00 449
2022-10-01 $430,000 (12.9%) $513,969 (0.1%) 0.00 447
2022-11-01 $429,225 (5.7%) $500,116 (-5.2%) 0.00 453
2022-12-01 $415,000 (1.9%) $485,675 (-9.5%) 0.00 421
2023-01-01 $417,463 (-4.0%) $485,253 (-13.6%) 0.00 388
2023-02-01 $421,500 (-11.4%) $495,561 (-13.4%) 0.00 356
2023-03-01 $432,498 (-8.0%) $514,653 (-6.2%) 0.00 330
2023-04-01 $441,990 (-3.9%) $521,741 (0.6%) 0.00 330
2023-05-01 $441,950 (-3.9%) $524,256 (-3.1%) 0.00 342
2023-06-01 $450,600 (-3.6%) $526,284 (-1.6%) 0.00 357
2023-07-01 $449,900 (-1.2%) $525,445 (-1.4%) 0.00 365
2023-08-01 $443,475 (-1.4%) $536,059 (1.0%) 0.00 371
2023-09-01 $436,000 (-0.2%) $526,672 (1.3%) 0.00 394
2023-10-01 $416,000 (-3.3%) $506,738 (-1.4%) 0.00 401
2023-11-01 $409,550 (-4.6%) $498,154 (-0.4%) 0.00 402
2023-12-01 $409,900 (-1.2%) $501,692 (3.3%) 0.00 382
2024-01-01 $402,450 (-3.6%) $504,676 (4.0%) 0.00 334
2024-02-01 $410,000 (-2.7%) $506,656 (2.2%) 0.00 335
2024-03-01 $409,450 (-5.3%) $502,480 (-2.4%) 0.00 329
2024-04-01 $416,635 (-5.7%) $516,795 (-1.0%) 0.00 343
2024-05-01 $419,900 (-5.0%) $528,887 (0.9%) 0.00 363
Twin Falls's median listing price for 2024-05-01 was $419,900, a difference of $-22,050 (-5.0%) versus the prior year and $3,265 versus the prior month.

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

Twin Falls's average listing price for 2024-05-01 was $528,887, a difference of $4,631 (0.9%) versus the prior year and $12,092 versus the prior month.

For the 2024-05-01 period, Twin Falls had 363 MLS listings, a difference of 20 listings (6%) versus the prior month and 21 listings (6%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Twin Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,072 sqft
2018-02-01 0 days 2,061 sqft
2018-03-01 0 days 2,076 sqft
2018-04-01 0 days 2,072 sqft
2018-05-01 0 days 2,194 sqft
2018-06-01 0 days 2,076 sqft
2018-07-01 0 days 2,029 sqft
2018-08-01 0 days 1,933 sqft
2018-09-01 0 days 1,934 sqft
2018-10-01 0 days 1,929 sqft
2018-11-01 0 days 1,932 sqft
2018-12-01 0 days 2,050 sqft
2019-01-01 0 days 1,993 sqft
2019-02-01 0 days 1,950 sqft
2019-03-01 0 days 1,976 sqft
2019-04-01 0 days 1,976 sqft
2019-05-01 0 days 2,041 sqft
2019-06-01 0 days 2,053 sqft
2019-07-01 0 days 1,990 sqft
2019-08-01 0 days 1,950 sqft
2019-09-01 0 days 1,961 sqft
2019-10-01 0 days 1,985 sqft
2019-11-01 0 days 2,027 sqft
2019-12-01 0 days 2,009 sqft
2020-01-01 0 days 2,021 sqft
2020-02-01 0 days 2,036 sqft
2020-03-01 0 days 2,047 sqft
2020-04-01 0 days 2,053 sqft
2020-05-01 0 days 2,112 sqft
2020-06-01 0 days 2,200 sqft
2020-07-01 0 days 2,215 sqft
2020-08-01 0 days 2,197 sqft
2020-09-01 0 days 2,094 sqft
2020-10-01 0 days 2,072 sqft
2020-11-01 0 days 2,172 sqft
2020-12-01 0 days 2,105 sqft
2021-01-01 0 days 2,129 sqft
2021-02-01 0 days 2,151 sqft
2021-03-01 0 days 2,231 sqft
2021-04-01 0 days 2,319 sqft
2021-05-01 0 days 2,045 sqft
2021-06-01 0 days 1,907 sqft
2021-07-01 0 days 1,910 sqft
2021-08-01 0 days 1,950 sqft
2021-09-01 0 days 1,938 sqft
2021-10-01 0 days 2,012 sqft
2021-11-01 0 days 2,020 sqft
2021-12-01 0 days 1,986 sqft
2022-01-01 0 days 2,084 sqft
2022-02-01 0 days 2,014 sqft
2022-03-01 0 days 1,936 sqft
2022-04-01 0 days 1,911 sqft
2022-05-01 0 days 1,910 sqft
2022-06-01 0 days 1,926 sqft
2022-07-01 0 days 1,904 sqft
2022-08-01 0 days 1,947 sqft
2022-09-01 0 days 1,923 sqft
2022-10-01 0 days 1,928 sqft
2022-11-01 0 days 1,910 sqft
2022-12-01 0 days 1,898 sqft
2023-01-01 0 days 1,910 sqft
2023-02-01 0 days 1,912 sqft
2023-03-01 0 days 2,002 sqft
2023-04-01 0 days 2,032 sqft
2023-05-01 0 days 2,012 sqft
2023-06-01 0 days 2,061 sqft
2023-07-01 0 days 2,103 sqft
2023-08-01 0 days 2,073 sqft
2023-09-01 0 days 2,034 sqft
2023-10-01 0 days 1,931 sqft
2023-11-01 0 days 1,922 sqft
2023-12-01 0 days 1,906 sqft
2024-01-01 0 days 1,913 sqft
2024-02-01 0 days 1,908 sqft
2024-03-01 0 days 1,874 sqft
2024-04-01 0 days 1,896 sqft
2024-05-01 0 days 1,925 sqft
Twin Falls's median listing age (time on market) for 2024-05-01 was 0 days.

Twin Falls's median square footage for active listings during the 2024-05-01 period was 1,925 sqft. One year prior, the average listing was 2,012 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.