Idaho VA Loans
From the snow-capped mountains to crystal clear lakes, deciding to purchase a house in Idaho is a huge financial decision, but with the unique benefits provided by the VA loan, your dream of homeownership just got that much easier.
With the average listing price of a home in Idaho is about $674,598, the VA loan’s signature $0-money-down benefit is a considerable advantage for Idaho home buyers.
See also: VA Loan Options for Other States
How to get a VA Loan in Idaho
VA loans are made by private lenders and guaranteed by the Department of Veterans Affairs. Because private lenders make the loans and not the VA, you need to find a lender licensed in the state you plan to purchase or refinance.
For example, if you're purchasing a home in Boise, ID, you'll need to find a lender licensed in Idaho to do the loan.
Other Considerations for Getting a VA Loan in Idaho
VA borrowers in Idaho should also consider the cost and impact of VA loan limits and property taxes when making their home purchase.
Idaho VA Loan Limits
VA borrowers in Idaho with their full VA loan entitlement are not restricted by VA loan limits. This means you can borrow as much as a lender is willing to lend without needing a down payment.
However, veterans without their full VA loan entitlement are still bound to Idaho’s VA loan limits.
Idaho VA Loan Limits by County
| County | Loan Limit |
|---|---|
| Blaine | $740,600 |
| Camas | $740,600 |
| Teton | $1,089,300 |
| All other areas | $726,200 |
Property Taxes in Idaho
Another consideration for VA buyers in Idaho is property taxes. For certain VA buyers, there are exemptions.
You may be eligible for a property tax exemption in Idaho if you meet one of the following conditions:
- If you are a 100% disabled veteran as a result of service, you may receive a property tax exemption up to $1,320 on your primary residence.
If you are required to pay property tax in Idaho, the American Community Survey by the U.S. Census Bureau estimates you may pay the following in each county:
| County | Property Tax Rate |
|---|---|
| Ada County | 0.73% |
| Adams County | 0.56% |
| Bannock County | 0.92% |
| Bear Lake County | 0.57% |
| Benewah County | 0.64% |
| Bingham County | 0.70% |
| Blaine County | 0.48% |
| Boise County | 0.60% |
| Bonner County | 0.56% |
| Bonneville County | 0.77% |
| Boundary County | 0.61% |
| Butte County | 0.76% |
| Camas County | 0.61% |
| Canyon County | 0.86% |
| Caribou County | 0.76% |
| Cassia County | 0.55% |
| Clark County | 0.51% |
| Clearwater County | 0.68% |
| Custer County | 0.31% |
| Elmore County | 0.79% |
| Franklin County | 0.63% |
| Fremont County | 0.66% |
| Gem County | 0.65% |
| Gooding County | 0.58% |
| Idaho County | 0.50% |
| Jefferson County | 0.65% |
| Jerome County | 0.74% |
| Kootenai County | 0.62% |
| Latah County | 0.83% |
| Lemhi County | 0.52% |
| Lewis County | 0.78% |
| Lincoln County | 0.64% |
| Madison County | 0.64% |
| Minidoka County | 0.60% |
| Nez Perce County | 0.93% |
| Oneida County | 0.67% |
| Owyhee County | 0.57% |
| Payette County | 0.71% |
| Power County | 0.88% |
| Shoshone County | 0.87% |
| Teton County | 0.50% |
| Twin Falls County | 0.80% |
| Valley County | 0.48% |
| Washington County | 0.72% |
How VA Loans Work in Idaho
View the graphic below to learn more about how VA loans work in Idaho.
