Twin Falls VA Loan Rates, Closing Costs & Stats

TWIN FALLS, 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.

    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 6.63% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.76% and one month ago for the week of 2024-03-15, the average rate was 6.52%.

    The average rate one year ago was 6.21%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.15%.

    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
    Twin Falls's median listing price for 2024-03-01 was $409,450, a difference of $-23,048 (-5.3%) versus the prior year and $-550 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 2024-03-01 was $502,480, a difference of $-12,173 (-2.4%) versus the prior year and $-4,176 versus the prior month.

    For the 2024-03-01 period, Twin Falls had 329 MLS listings, a difference of -6 listings (-2%) versus the prior month and -1 listings (0%) 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
    Twin Falls's median listing age (time on market) for 2024-03-01 was 0 days.

    Twin Falls's median square footage for active listings during the 2024-03-01 period was 1,874 sqft. One year prior, the average listing was 2,002 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.