Idaho VA Loan Rates, Closing Costs & Stats

Idaho

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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.

    Idaho VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Idaho averaged 6.86% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Idaho's average VA mortgage closing costs are $7,500.

    The average rate for the prior week (2024-04-12) was 6.79% and one month ago for the week of 2024-03-15, the average rate was 6.35%.

    The average rate one year ago was 6.04%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.32%.

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

    Idaho 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 Idaho level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 298 6.55% $8,071
    UNITED WHOLESALE MORTGAGE, LLC 282 5.97% $9,613
    QUICKEN LOANS, LLC 171 6.02% $14,154
    MOVEMENT MORTGAGE, LLC 106 6.35% $12,378
    AMERICAN PACIFIC MORTGAGE CORPORATION 83 6.58% $11,469
    LOANDEPOT.COM, LLC 78 6.00% $15,870
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 62 6.15% $9,443
    PREMIER MORTGAGE RESOURCES, L.L.C. 58 6.23% $14,596
    NAVY FEDERAL CREDIT UNION 54 5.76% $6,380
    FREEDOM MORTGAGE CORPORATION 50 6.36% $21,028
    Willamette Valley Bank 48 6.30% $10,293
    IDAHO CENTRAL 48 6.21% $8,754
    USAA Federal Savings Bank 47 6.19% $10,965
    GUILD MORTGAGE COMPANY 43 6.34% $12,343
    Eagle Bank and Trust Company 39 6.11% $10,030
    CROSSCOUNTRY MORTGAGE, LLC 38 6.37% $7,407
    PENNYMAC LOAN SERVICES, LLC 38 5.80% $13,642
    The Federal Savings Bank 36 6.27% $19,902
    NEW DAY FINANCIAL, LLC 32 7.30% $18,414
    VILLAGE CAPITAL MORTGAGE 31 6.05% $12,449
    GUARANTEED RATE, INC. 30 6.04% $11,157
    FIRST COLONY MORTGAGE CORPORATION 28 6.29% $7,716
    S1L, Inc. 27 6.38% $13,193
    Glacier Bank 27 6.18% $12,808
    SUMMIT FUNDING, INC. 27 6.35% $13,062
    PRIMELENDING, A PLAINSCAPITAL COMPANY 24 6.37% $9,040
    CMG MORTGAGE, INC. 24 6.33% $15,931
    BROKER SOLUTIONS, INC. 24 6.00% $16,625
    ACADEMY MORTGAGE CORPORATION 22 6.09% $13,823
    Flagstar Bank, FSB 22 6.31% $12,760
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 21 6.18% $16,656
    NFM, INC. 19 6.23% $11,302
    U.S. Bank 18 6.24% $14,183
    Waterstone Mortgage Corporation 18 6.06% $11,467
    NBKC BANK 18 5.76% $6,807
    CORNERSTONE HOME LENDING, INC. 17 6.18% $9,140
    Sunflower Bank 15 6.23% $13,209
    TBI MORTGAGE COMPANY 15 5.63% $10,981
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 15 6.27% $12,201
    PLAZA HOME MORTGAGE, INC. 14 5.85% $11,586
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 14 5.82% $16,201
    AXIA FINANCIAL, LLC 14 6.01% $13,152
    BAY EQUITY LLC 13 6.45% $11,587
    MORTGAGE SOLUTIONS OF COLORADO, LLC 13 6.20% $12,895
    EAGLE HOME MORTGAGE, LLC 12 5.55% $9,131
    AMERISAVE MORTGAGE CORPORATION 12 6.16% $15,005
    Mr. Cooper ( Nationstar Mortgage ) 12 6.01% $17,955
    CANOPY MORTGAGE, LLC 11 6.19% $12,501
    MUTUAL OF OMAHA MORTGAGE, INC. 11 6.41% $16,024
    CHURCHILL MORTGAGE CORPORATION 11 5.95% $16,375
    NEWREZ LLC 11 6.24% $11,839
    Magnolia Bank 10 5.74% $16,691
    Paramount Residential Mortgage Group, Inc. 9 6.40% $12,625
    JMJ FINANCIAL GROUP 9 6.28% $14,708
    MANN FINANCIAL INC. 9 6.44% $10,211
    Umpqua Bank 9 5.51% $13,812
    VAN DYK MORTGAGE CORPORATION 9 6.64% $8,038
    VERITAS FUNDING, LLC 9 6.03% $22,582
    Barrington Bank & Trust Company, N.A. 9 6.40% $9,815
    Bank of England 8 6.14% $7,354
    AMERICAN FINANCIAL NETWORK, INC. 8 6.30% $15,521
    D. L. Evans Bank 8 6.41% $12,248
    Plains Commerce Bank 8 5.80% $17,961
    American Mortgage & Equity Consultants, Inc. 8 6.89% $17,149
    INTERCAP LENDING INC. 7 5.80% $7,983
    LOANPAL, LLC 7 5.54% $13,304
    PRIORITY HOME LENDING, LLC 6 6.06% $9,837
    Equity Prime Mortgage LLC 6 6.98% $12,092
    Bank of Idaho 6 6.31% $12,159
    CARDINAL FINANCIAL 6 6.83% $20,941
    HOMEAMERICAN MORTGAGE CORPORATION 6 5.48% $9,010
    HOMEBRIDGE FINANCIAL SERVICES, INC. 6 5.44% $10,299
    Shea Mortgage Inc. 6 5.58% $8,030
    MOUNTAIN AMERICA 6 6.31% $8,747
    Century Mortgage Company DBA Century Lending Company 6 6.21% $12,303
    T2 FINANCIAL LLC 5 6.48% $4,115
    First Federal Savings Bank of Twin Falls 5 6.50% $6,967
    PLANET HOME LENDING, LLC 5 6.02% $12,906
    First Federal Bank 5 6.23% $11,225
    NATIONS DIRECT MORTGAGE, LLC 5 6.22% $10,290
    Franklin Loan Corporation 5 6.43% $13,347
    PENTAGON FEDERAL CREDIT UNION 5 5.33% $10,760
    KBHS HOME LOANS, LLC 5 6.18% $12,968
    Wells Fargo Bank 5 5.63% $6,600
    BELEM SERVICING LLC 4 6.44% $10,249
    Ameris Bank 4 5.22% $9,158
    Banner Bank 4 5.84% $5,641
    ENVOY MORTGAGE, LTD 4 6.03% $19,488
    First Interstate Bank 4 5.66% $8,320
    Gateway First Bank 4 6.38% $17,964
    GENEVA FINANCIAL, LLC 4 7.19% $16,028
    GUARANTEED RATE AFFINITY, LLC 4 6.59% $6,585
    Platinum Home Mortgage Corporation 4 6.63% $10,578
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 6.75% $9,944
    Wallick & Volk, Inc. 4 6.13% $7,025
    PACIFIC RESIDENTIAL MORTGAGE, LLC 3 6.75% $7,311
    SUN WEST MORTGAGE COMPANY, INC. 3 6.13% $9,754
    CASTLE & COOKE MORTGAGE, LLC 3 7.00% $10,417
    CALIBER HOME LOANS, INC. 3 6.04% $12,200
    CALCON MUTUAL MORTGAGE LLC 3 5.79% $15,014
    BNC National Bank 3 5.33% $10,891
    JPMorgan Chase Bank 3 6.04% $14,481
    POLARIS HOME FUNDING CORP. 3 7.29% $18,083
    CITYWIDE HOME LOANS, LLC 3 7.41% $13,674
    AMCAP MORTGAGE, LTD. 3 6.67% $20,126
    SOVEREIGN LENDING GROUP INCORPORATED 3 5.83% $9,227
    MORTGAGEONE, INC. 2 7.13% $5,854
    1st Security Bank of Washington 2 5.75% $10,559
    Sierra Pacific Mortgage Company, Inc. 2 5.75% $13,293
    Armed Forces Bank 2 5.88% $26,820
    CHERRY CREEK MORTGAGE, LLC 2 5.56% $23,145
    NBH Bank 2 5.63% $17,235
    LAKEVIEW LOAN SERVICING, LLC 2 6.00% $17,116
    First Federal Bank of Kansas City 2 6.19% $8,393
    Carrington Mortgage Services, LLC 2 5.31% $11,573
    The Central Trust Bank 2 6.00% $13,002
    CITY FIRST MORTGAGE SERVICES, L.L.C. 2 6.00% $11,123
    The Loan Store, Inc. 2 6.44% $11,560
    TJC Mortgage, Inc. 2 6.00% $14,764
    Northpointe Bank 2 6.44% $12,337
    AMERICAN FINANCING CORPORATION 2 6.06% $17,211
    LAND HOME FINANCIAL SERVICES, INC. 2 6.44% $14,681
    TOP FLITE FINANCIAL, INC. 1 6.63% $20,568
    Cache Valley Bank 1 6.50% $4,279
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.00% $2,777
    AmeriHome Mortgage Company, LLC 1 5.00% $225
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.75% $21,466
    Zions Bank 1 5.08% $25,688
    WASHINGTON STATE EMPLOYEES Credit Union 1 6.25% $6,485
    Watermark Capital, Inc. 1 5.25% $4,475
    WESTMARK Credit Union 1 6.13% $4,658
    Wheatland Bank 1 6.50% $21,308
    M&T Bank 1 7.25% $5,956
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.49% $21,909
    Nations Lending Corporation 1 7.13% $25,260
    MORIA DEVELOPMENT, INC. 1 6.75% $7,432
    Mid-Continent Funding, Inc. 1 5.75% $13,635
    MICHIGAN MUTUAL, INC. 1 6.63% $888
    North American Savings Bank, F.S.B. 1 5.00% $31,633
    NUMERICA CREDIT UNION 1 6.75% $1,473
    Old National Bank 1 5.99% $3,049
    Opportunity Bank of Montana 1 5.75% $29,465
    LADERA LENDING, INC. 1 6.25% $17,973
    KeyBank 1 5.38% $7,233
    PHH Mortgage Corporation 1 7.63% $6,661
    PIONEER 1 5.88% $8,952
    Ixonia Bank 1 6.88% $21,740
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 4.88% $3,133
    ADVANTAGE PLUS 1 6.63% $4,977
    First International Bank & Trust 1 5.25% $11,977
    PREMIER LENDING, INC. 1 6.25% $11,803
    ZILLOW HOME LOANS, LLC 1 7.25% $9,492
    Fifth Third Bank 1 6.13% $8,235
    Farmers Bank & Trust 1 5.50% $26,089
    EMBRACE HOME LOANS, INC. 1 6.99% $4,649
    ROGUE 1 6.38% $3,287
    Ross Mortgage Company, Inc. 1 5.25% $43,396
    SAMMAMISH MORTGAGE COMPANY 1 4.88% $19,195
    SECURITYNATIONAL MORTGAGE COMPANY 1 5.88% $37,088
    Citizens Bank 1 5.13% $26,538
    Summit Mortgage Corporation 1 7.13% $20,272

    The top Idaho VA lender as defined by loan originations is Mortgage Research Center, LLC, with 298 VA loans originated. Their average total fees are $8,071, which is $1,542 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Idaho VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($6,380), NBKC BANK ($6,807), CROSSCOUNTRY MORTGAGE, LLC ($7,407), FIRST COLONY MORTGAGE CORPORATION ($7,716) and Mortgage Research Center, LLC ($8,071).

    The lowest rate Idaho VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.55%), TBI MORTGAGE COMPANY (5.63%), Magnolia Bank (5.74%), NAVY FEDERAL CREDIT UNION (5.76%) and NBKC BANK (5.76%).

    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.