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 36 lenders originated 184 VA loans during 2024. The total origination value was $64,720,000, with an average VA loan value of $351,739.

Twin Falls VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Twin Falls averaged 0.2% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

Twin Falls's average VA mortgage closing costs are $7,304.

The average rate for the prior week (2025-06-13) was 6.54% and one month ago for the week of 2025-05-16, the average rate was 6.8%.

The average rate one year ago was 6.8%.

For refis of the same type during the week of 2025-06-20, the average rate was 0.11%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 21 5.88% $6,015
Mortgage Research Center, LLC 21 6.27% $5,344
GUILD MORTGAGE COMPANY 13 6.11% $13,169
PREMIER MORTGAGE RESOURCES, L.L.C. 13 6.37% $9,963
IDAHO CENTRAL 10 6.00% $13,679
QUICKEN LOANS, LLC 9 5.93% $13,182
VILLAGE CAPITAL MORTGAGE 7 5.86% $9,239
CORNERSTONE HOME LENDING, INC. 7 6.09% $8,875
FREEDOM MORTGAGE CORPORATION 7 5.68% $4,794
NFM, INC. 7 6.46% $10,249
PENNYMAC LOAN SERVICES, LLC 7 5.66% $12,249
MOVEMENT MORTGAGE, LLC 6 6.40% $12,107
The Federal Savings Bank 4 6.41% $17,664
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.00% $6,280
NEWREZ LLC 3 5.61% $13,634
First Federal Savings Bank of Twin Falls 3 5.63% $14,536
NAVY FEDERAL CREDIT UNION 2 5.69% $5,046
AmeriHome Mortgage Company, LLC 2 6.06% $5,849
CHURCHILL MORTGAGE CORPORATION 2 6.75% $10,997
BROKER SOLUTIONS, INC. 2 7.19% $13,103
MOUNTAIN AMERICA 2 5.75% $7,474
NEW DAY FINANCIAL, LLC 2 7.24% $19,622
USAA Federal Savings Bank 2 6.25% $8,367
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.50% $6,991
AXIA FINANCIAL, LLC 2 6.25% $8,136
Magnolia Bank 1 5.63% $28,938
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.25% $5,754
First Federal Bank 1 5.88% $11,044
Plains Commerce Bank 1 5.50% $15,673
PLANET HOME LENDING, LLC 1 6.13% $13,978
CROSSCOUNTRY MORTGAGE, LLC 1 5.25% $5,141
LOANDEPOT.COM, LLC 1 6.50% $7,945
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $19,016
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $13,567
Flagstar Bank, FSB 1 4.88% $2,804
LAKEVIEW LOAN SERVICING, LLC 1 5.75% $9,020

The top Twin Falls VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 21 VA loans originated. Their average total fees are $6,015, which is $671 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Twin Falls VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,344), UNITED WHOLESALE MORTGAGE, LLC ($6,015), PREMIER MORTGAGE RESOURCES, L.L.C. ($9,963), GUILD MORTGAGE COMPANY ($13,169) and IDAHO CENTRAL ($13,679).

The lowest rate Twin Falls VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.88%), IDAHO CENTRAL (6.00%), GUILD MORTGAGE COMPANY (6.11%), Mortgage Research Center, LLC (6.27%) and PREMIER MORTGAGE RESOURCES, L.L.C. (6.37%).

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.