Idaho VA Loan Rates, Closing Costs & Stats

Idaho

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 -0.32% for the week of 2023-11-24, compared to the national average (all VA variants) of 0% for the same period.

Idaho's average VA mortgage closing costs are $7,208.

The average rate for the prior week (2023-11-17) was 6.72% and one month ago for the week of 2023-10-20, the average rate was 7.25%.

The average rate one year ago was 6.27%.

For refis of the same type during the week of 2023-11-24, the average rate was -1.21%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 391 4.77% $9,422
QUICKEN LOANS, LLC 292 3.94% $12,970
UNITED WHOLESALE MORTGAGE, LLC 260 4.22% $10,338
FREEDOM MORTGAGE CORPORATION 182 4.08% $14,146
LOANDEPOT.COM, LLC 167 4.11% $13,048
PENNYMAC LOAN SERVICES, LLC 138 3.21% $10,721
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 129 4.57% $12,342
NEW DAY FINANCIAL, LLC 126 4.43% $13,232
MOVEMENT MORTGAGE, LLC 111 4.45% $10,389
PREMIER MORTGAGE RESOURCES, L.L.C. 108 4.74% $15,872
NAVY FEDERAL CREDIT UNION 97 3.87% $8,221
Willamette Valley Bank 95 4.60% $13,052
CALIBER HOME LOANS, INC. 94 4.38% $11,348
Flagstar Bank, FSB 89 4.38% $10,080
USAA Federal Savings Bank 85 4.37% $10,594
IDAHO CENTRAL 85 4.10% $10,286
GUILD MORTGAGE COMPANY 85 4.52% $14,085
The Federal Savings Bank 69 4.36% $17,031
GUARANTEED RATE, INC. 58 4.37% $9,180
ACADEMY MORTGAGE CORPORATION 51 5.08% $15,442
FINANCE OF AMERICA MORTGAGE LLC 48 4.41% $12,197
CANOPY MORTGAGE, LLC 48 4.60% $14,385
HOME POINT FINANCIAL CORPORATION 46 3.61% $11,483
CLEARPATH LENDING 44 3.79% $14,055
AMERICAN PACIFIC MORTGAGE CORPORATION 44 4.80% $12,698
HOMEBRIDGE FINANCIAL SERVICES, INC. 44 3.88% $11,729
Eagle Bank and Trust Company 43 4.39% $7,328
CROSSCOUNTRY MORTGAGE, LLC 39 5.10% $10,902
S1L, Inc. 34 4.69% $12,556
FIRST COLONY MORTGAGE CORPORATION 33 4.50% $6,945
Glacier Bank 33 4.46% $11,945
ARK-LA-TEX FINANCIAL SERVICES, LLC. 28 4.62% $14,524
BROKER SOLUTIONS, INC. 27 4.34% $14,377
Mr. Cooper ( Nationstar Mortgage ) 27 4.80% $12,450
PRIMELENDING, A PLAINSCAPITAL COMPANY 26 4.83% $16,289
SUMMIT FUNDING, INC. 26 4.73% $11,819
AMERISAVE MORTGAGE CORPORATION 25 4.00% $13,558
VILLAGE CAPITAL MORTGAGE 24 4.09% $14,905
CORNERSTONE HOME LENDING, INC. 22 4.71% $8,440
Bank of Idaho 22 3.79% $8,262
CMG MORTGAGE, INC. 22 4.40% $12,376
AXIA FINANCIAL, LLC 22 4.78% $8,903
NEWREZ LLC 22 3.82% $10,957
Barrington Bank & Trust Company, N.A. 21 4.66% $9,406
TBI MORTGAGE COMPANY 21 4.27% $10,575
PACIFIC RESIDENTIAL MORTGAGE, LLC 21 4.96% $10,403
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 20 4.57% $15,124
BAY EQUITY LLC 17 5.40% $9,854
NFM, INC. 16 5.09% $9,618
Umpqua Bank 16 4.38% $11,550
Gateway First Bank 16 4.87% $12,231
AMERICAN FINANCING CORPORATION 16 3.64% $8,164
LAKEVIEW LOAN SERVICING, LLC 16 3.69% $8,139
LOANPAL, LLC 16 3.49% $16,677
Wells Fargo Bank 14 4.13% $7,026
Waterstone Mortgage Corporation 14 4.66% $10,832
Magnolia Bank 14 4.24% $15,898
MORTGAGE SOLUTIONS OF COLORADO, LLC 14 5.15% $10,217
Paramount Residential Mortgage Group, Inc. 13 4.93% $16,183
PLANET HOME LENDING, LLC 13 3.71% $9,716
VERITAS FUNDING, LLC 13 4.96% $17,661
MANN FINANCIAL INC. 13 4.49% $8,470
Low VA Rates, LLC 13 4.40% $14,295
CARDINAL FINANCIAL 12 4.18% $12,978
Platinum Home Mortgage Corporation 11 4.32% $9,765
NBKC BANK 10 3.96% $4,336
PENTAGON FEDERAL CREDIT UNION 10 3.63% $6,533
CASTLE & COOKE MORTGAGE, LLC 10 4.85% $17,674
Lend Smart Mortgage, LLC 9 3.71% $8,389
PRIMARY RESIDENTIAL MORTGAGE, INC. 9 4.38% $13,433
Texana Bank 8 3.61% $13,547
CITYWIDE HOME LOANS, LLC 8 4.37% $7,709
D. L. Evans Bank 8 3.59% $7,672
CHURCHILL MORTGAGE CORPORATION 8 5.30% $12,105
Sunflower Bank 8 5.25% $9,046
Nations Lending Corporation 7 4.91% $16,240
CALCON MUTUAL MORTGAGE LLC 7 4.32% $12,422
Century Mortgage Company DBA Century Lending Company 7 4.98% $10,623
First Federal Savings Bank of Twin Falls 7 4.50% $10,724
Summit Mortgage Corporation 7 3.87% $10,120
U.S. Bank 7 4.66% $12,891
MOUNTAIN AMERICA 6 3.73% $12,926
Columbia State Bank 6 4.94% $8,609
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 6 5.48% $16,130
MUTUAL OF OMAHA MORTGAGE, INC. 6 4.02% $9,538
North American Savings Bank, F.S.B. 5 4.15% $7,771
Carrington Mortgage Services, LLC 5 5.33% $15,277
Wallick & Volk, Inc. 5 4.35% $14,940
First Federal Bank 5 3.73% $12,353
First Home Bank 5 3.40% $17,978
First Interstate Bank 5 3.75% $11,835
Armed Forces Bank 5 3.98% $9,424
Banner Bank 5 3.08% $10,959
Sierra Pacific Mortgage Company, Inc. 5 4.10% $18,100
Wyndham Capital Mortgage, Inc. 5 3.93% $8,615
BNC National Bank 5 3.45% $8,064
LEADERONE FINANCIAL CORPORATION 5 4.10% $10,287
EAGLE HOME MORTGAGE, LLC 5 3.88% $13,969
Zions Bank 4 3.38% $9,161
INTERCAP LENDING INC. 4 4.34% $7,176
Bank of England 4 4.63% $12,814
VAN DYK MORTGAGE CORPORATION 4 4.34% $11,726
Strong Home Mortgage, LLC 3 3.38% $6,180
JMJ FINANCIAL GROUP 3 4.83% $10,609
SUN WEST MORTGAGE COMPANY, INC. 3 4.46% $16,351
Mid-Continent Funding, Inc. 3 4.79% $4,304
EVERETT FINANCIAL, INC. 3 5.33% $11,620
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 4.71% $12,494
NATIONS DIRECT MORTGAGE, LLC 3 5.46% $8,762
AMCAP MORTGAGE, LTD. 3 5.04% $14,503
Equity Prime Mortgage LLC 3 5.83% $11,055
Washington Trust Bank 3 5.92% $12,495
ON Q FINANCIAL, INC. 3 4.42% $7,973
Paramount Bank 3 3.67% $18,336
Commerce Home Mortgage, Inc. 2 3.69% $10,671
M&T Bank 2 4.81% $5,290
MORTGAGE ACCESS CORP. 2 4.50% $15,962
JPMorgan Chase Bank 2 3.00% $11,507
Alaska USA Federal Credit Union 2 3.94% $11,862
LAND HOME FINANCIAL SERVICES, INC. 2 6.06% $6,938
Capital Bank 2 4.31% $4,857
MID AMERICA MORTGAGE, INC. 2 5.38% $3,073
ENVOY MORTGAGE, LTD 2 5.38% $7,180
EMBRACE HOME LOANS, INC. 2 4.44% $11,626
First Federal Bank of Kansas City 2 3.88% $7,982
Northpointe Bank 2 4.38% $4,775
LADERA LENDING, INC. 2 4.19% $9,985
Bell Bank 2 5.44% $9,148
NUMERICA CREDIT UNION 2 5.06% $8,499
1st Security Bank of Washington 2 5.38% $15,646
CHERRY CREEK MORTGAGE, LLC 2 3.69% $1,102
The Central Trust Bank 2 4.69% $6,788
SECURITYNATIONAL MORTGAGE COMPANY 2 4.25% $10,819
KeyBank 2 4.38% $10,913
First Guaranty Mortgage Corporation 2 3.13% $13,457
SIRVA MORTGAGE, INC. 2 4.06% $2,204
HOMESIDE FINANCIAL, LLC 1 5.99% $21,861
HomeStreet Bank 1 3.13% $30,221
GoPrime Mortgage, Inc. 1 5.63% $11,765
Ixonia Bank 1 4.88% $16,607
KBHS HOME LOANS, LLC 1 5.25% $26,254
KELLER MORTGAGE, LLC 1 3.63% $13,131
GENEVA FINANCIAL, LLC 1 2.88% $4,014
Florida Capital Bank 1 3.13% $15,695
First Western Trust Bank 1 2.50% $6,613
First National Bank of Omaha 1 5.88% $5,164
First Mortgage Solutions, LLC 1 2.37% $10,920
MASON MCDUFFIE MORTGAGE CORPORATION 1 5.25% $9,674
Meridian Bank Corporation 1 4.25% $13,964
MORTGAGEONE, INC. 1 6.50% $4,957
FirstBank 1 3.25% $19,190
NATIONWIDE MORTGAGE BANKERS, INC. 1 4.75% $15,983
First Bank 1 3.75% $1,739
NBH Bank 1 3.75% $7,880
Neighborhood Loans, Inc. 1 5.25% $5,430
NETWORK CAPITAL FUNDING CORPORATION 1 4.63% $24,969
DRAPER AND KRAMER MORTGAGE CORP. 1 4.25% $4,823
DIRECT MORTGAGE, CORP. 1 4.50% $13,104
Community First National Bank 1 5.13% $4,082
PHH Mortgage Corporation 1 3.50% $1,787
Plains Commerce Bank 1 3.75% $3,492
PLAZA HOME MORTGAGE, INC. 1 6.13% $20,404
Colonial Savings, F.A. 1 4.00% $10,594
Prime Choice Funding Inc. 1 3.38% $44,167
PRIORITY HOME LENDING, LLC 1 6.25% $6,786
RANLIFE, INC. 1 3.50% $7,637
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.25% $6,591
Boeing Employees Credit Union 1 5.00% $1,926
SAMMAMISH MORTGAGE COMPANY 1 4.50% $3,396
SECURITY HOME MORTGAGE, LLC. 1 2.25% $10,083
Servion, Inc. 1 3.88% $7,561
Shea Mortgage Inc. 1 5.13% $919
SOUTHWEST STAGE FUNDING, LLC 1 5.25% $4,543
SUMMIT MORTGAGE CORPORATION 1 4.50% $7,126
Amerifirst Financial, Inc. 1 3.25% $13,054
AMERICA FIRST 1 3.63% $13,273
Utah Mortgage Loan Corporation 1 3.75% $8,936
V.I.P. MORTGAGE, INC. 1 6.75% $1,610
ALAMEDA MORTGAGE CORPORATION 1 4.63% $11,429
ADVANTAGE PLUS 1 4.63% $3,463
WESTMARK Credit Union 1 5.13% $13,030
Wheatland Bank 1 4.63% $17,502
Academy Bank 1 4.25% $29,366
HOMESTEAD FUNDING CORP. 1 5.25% $3,083

The top Idaho VA lender as defined by loan originations is Mortgage Research Center, LLC, with 391 VA loans originated. Their average total fees are $9,422, which is $3,548 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Idaho VA lenders (with over 10 loans originated) are NBKC BANK ($4,336), PENTAGON FEDERAL CREDIT UNION ($6,533), FIRST COLONY MORTGAGE CORPORATION ($6,945), Wells Fargo Bank ($7,026) and Eagle Bank and Trust Company ($7,328).

The lowest rate Idaho VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.21%), LOANPAL, LLC (3.49%), HOME POINT FINANCIAL CORPORATION (3.61%), PENTAGON FEDERAL CREDIT UNION (3.63%) and AMERICAN FINANCING CORPORATION (3.64%).

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.