Idaho VA Loan Rates, Closing Costs & Stats

Idaho

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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.