Boise City FHA Loan Rates, Closing Costs & Stats
BOISE CITY, ID
FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote
home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and
credit scores-- making these loans much more accessible than traditional mortgages.
FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores
between 500-579, the downpayment needs to be at least 10%.
While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)--
an additional insurance premium that is paid to the FHA to help cover defaults.
For additional requirements as defined by the FHA, click here.
Boise City's 127 lenders originated 2,815 FHA
loans during 2024. The total origination value was $1,042,835,000, with an average FHA loan value of
$370,456.
Boise City FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Boise City
averaged
0%
for the week of 2025-07-04, compared to the national average (all FHA variants) of
0% for the same period.
Boise City's average FHA mortgage closing costs are $11,387.
The average rate for the prior week (2025-06-27) was
6.29% and
one month ago for the week of 2025-05-30, the
average rate was 6.66%.
The average rate one year ago was 6.39%.
For refis of the same type during the week of 2025-07-04, the average rate
was -0.44%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Boise City FHA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender
at the Boise City level.
Name |
# of Loans |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
UNITED WHOLESALE MORTGAGE, LLC
|
265
|
5.75%
|
$18,619
|
PREMIER MORTGAGE RESOURCES, L.L.C.
|
177
|
5.61%
|
$18,037
|
GUILD MORTGAGE COMPANY
|
174
|
6.14%
|
$15,526
|
QUICKEN LOANS, LLC
|
161
|
6.01%
|
$15,895
|
LOANDEPOT.COM, LLC
|
110
|
5.96%
|
$19,814
|
S1L, Inc.
|
95
|
5.94%
|
$15,741
|
IDAHO CENTRAL
|
84
|
6.10%
|
$15,054
|
MOVEMENT MORTGAGE, LLC
|
73
|
6.30%
|
$17,526
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
65
|
6.16%
|
$15,806
|
EAGLE HOME MORTGAGE, LLC
|
46
|
4.79%
|
$14,480
|
Waterstone Mortgage Corporation
|
46
|
6.34%
|
$16,266
|
EVERGREEN MONEYSOURCE MORTGAGE COMPANY
|
41
|
6.22%
|
$18,519
|
CROSSCOUNTRY MORTGAGE, LLC
|
38
|
6.18%
|
$16,679
|
CLM MORTGAGE, INC
|
37
|
5.69%
|
$15,299
|
Sunflower Bank
|
36
|
6.34%
|
$15,572
|
GUARANTEED RATE, INC.
|
36
|
5.91%
|
$14,975
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
35
|
6.03%
|
$15,307
|
TBI MORTGAGE COMPANY
|
33
|
5.61%
|
$19,680
|
PENNYMAC LOAN SERVICES, LLC
|
33
|
5.97%
|
$15,642
|
HOMEAMERICAN MORTGAGE CORPORATION
|
28
|
4.58%
|
$10,616
|
FREEDOM MORTGAGE CORPORATION
|
27
|
6.38%
|
$16,821
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
27
|
6.42%
|
$15,569
|
CMG MORTGAGE, INC.
|
25
|
6.04%
|
$15,987
|
Bank of England
|
25
|
5.56%
|
$16,769
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
24
|
6.27%
|
$17,521
|
Century Mortgage Company DBA Century Lending Company
|
23
|
5.87%
|
$14,135
|
JMJ FINANCIAL GROUP
|
22
|
6.32%
|
$16,821
|
Plains Commerce Bank
|
22
|
5.89%
|
$15,692
|
MY MOVE MORTGAGE, LLC
|
20
|
5.89%
|
$17,501
|
ENVOY MORTGAGE, LTD
|
20
|
6.45%
|
$16,165
|
BROKER SOLUTIONS, INC.
|
18
|
6.38%
|
$15,846
|
CHURCHILL MORTGAGE CORPORATION
|
17
|
6.51%
|
$18,004
|
Willamette Valley Bank
|
17
|
5.77%
|
$15,684
|
KBHS HOME LOANS, LLC
|
17
|
5.65%
|
$19,293
|
MOUNTAIN AMERICA
|
15
|
5.32%
|
$15,627
|
FIRST COLONY MORTGAGE CORPORATION
|
14
|
6.22%
|
$14,685
|
The Loan Store, Inc.
|
13
|
5.86%
|
$15,756
|
SUMMIT FUNDING, INC.
|
13
|
6.53%
|
$17,869
|
Paramount Residential Mortgage Group, Inc.
|
13
|
6.16%
|
$14,411
|
BAY EQUITY LLC
|
12
|
6.27%
|
$13,697
|
CASTLE & COOKE MORTGAGE, LLC
|
12
|
6.35%
|
$14,971
|
LOANPAL, LLC
|
12
|
5.59%
|
$13,651
|
FIRST COMMUNITY MORTGAGE, INC.
|
10
|
5.89%
|
$18,743
|
AXIA FINANCIAL, LLC
|
10
|
5.94%
|
$14,995
|
Franklin Loan Corporation
|
9
|
6.11%
|
$16,703
|
Mr. Cooper ( Nationstar Mortgage )
|
9
|
6.39%
|
$19,187
|
Equity Prime Mortgage LLC
|
8
|
6.80%
|
$19,389
|
LAKEVIEW LOAN SERVICING, LLC
|
8
|
6.28%
|
$9,683
|
PLAZA HOME MORTGAGE, INC.
|
8
|
7.03%
|
$16,735
|
SECURITYNATIONAL MORTGAGE COMPANY
|
7
|
6.50%
|
$17,583
|
NEWREZ LLC
|
7
|
5.96%
|
$11,553
|
UNION HOME MORTGAGE CORP.
|
7
|
6.16%
|
$17,487
|
RESIDENTIAL MORTGAGE, LLC
|
6
|
5.98%
|
$13,437
|
AMERICAN FINANCING CORPORATION
|
6
|
5.90%
|
$15,721
|
CORNERSTONE HOME LENDING, INC.
|
5
|
6.35%
|
$13,946
|
SUN WEST MORTGAGE COMPANY, INC.
|
5
|
6.07%
|
$14,455
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
5
|
5.90%
|
$0
|
Flagstar Bank, FSB
|
5
|
6.67%
|
$10,773
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
5
|
6.25%
|
$11,510
|
Carrington Mortgage Services, LLC
|
5
|
6.45%
|
$17,956
|
Zions Bank
|
4
|
5.97%
|
$17,058
|
AMERISAVE MORTGAGE CORPORATION
|
4
|
6.25%
|
$16,897
|
D. L. Evans Bank
|
4
|
5.94%
|
$15,550
|
NFM, INC.
|
4
|
6.72%
|
$15,296
|
Sierra Pacific Mortgage Company, Inc.
|
4
|
6.06%
|
$17,032
|
U.S. Bank
|
4
|
5.75%
|
$16,304
|
PLANET HOME LENDING, LLC
|
3
|
6.08%
|
$14,541
|
OCMBC, INC.
|
3
|
6.25%
|
$20,272
|
VILLAGE CAPITAL MORTGAGE
|
3
|
6.79%
|
$7,005
|
AMERICAN FINANCIAL RESOURCES, INC.
|
3
|
6.83%
|
$22,509
|
MASON MCDUFFIE MORTGAGE CORPORATION
|
3
|
5.79%
|
$17,572
|
The Federal Savings Bank
|
3
|
5.96%
|
$18,655
|
Barrington Bank & Trust Company, N.A.
|
3
|
6.08%
|
$21,733
|
MORTGAGE ACCESS CORP.
|
3
|
5.83%
|
$18,109
|
BETTER MORTGAGE CORPORATION
|
3
|
5.83%
|
$15,893
|
Mortgage Research Center, LLC
|
3
|
6.54%
|
$7,112
|
CANOPY MORTGAGE, LLC
|
3
|
6.08%
|
$26,334
|
HIGHLANDS RESIDENTIAL MORTGAGE, LTD.
|
3
|
6.54%
|
$20,124
|
CARDINAL FINANCIAL
|
3
|
6.50%
|
$16,151
|
Glacier Bank
|
3
|
6.33%
|
$16,434
|
INTERCAP LENDING INC.
|
3
|
4.87%
|
$19,045
|
Commerce Home Mortgage, Inc.
|
3
|
6.17%
|
$15,078
|
GENEVA FINANCIAL, LLC
|
2
|
6.00%
|
$16,427
|
LADERA LENDING, INC.
|
2
|
6.13%
|
$15,231
|
Encompass Lending Group, LP
|
2
|
6.50%
|
$14,682
|
DAS Acquisition Company, LLC
|
2
|
6.25%
|
$19,568
|
Cornerstone First Mortgage, Inc
|
2
|
6.50%
|
$16,630
|
BELEM SERVICING LLC
|
2
|
6.06%
|
$20,479
|
American Mortgage & Equity Consultants, Inc.
|
2
|
6.81%
|
$16,374
|
ALLIANT CREDIT UNION
|
2
|
5.88%
|
$11,432
|
Washington Trust Bank
|
2
|
6.56%
|
$17,818
|
Wells Fargo Bank
|
2
|
6.19%
|
$14,003
|
KeyBank
|
2
|
6.06%
|
$13,927
|
Eagle Bank and Trust Company
|
1
|
6.13%
|
$14,342
|
NATIONS DIRECT MORTGAGE, LLC
|
1
|
5.75%
|
$10,475
|
DIRECTORS MORTGAGE, INC.
|
1
|
6.63%
|
$28,936
|
PREMIA MORTGAGE, LLC
|
1
|
6.18%
|
$13,408
|
INFINITY EQUITY GROUP, INC.
|
1
|
6.25%
|
$12,179
|
WASHINGTON STATE EMPLOYEES Credit Union
|
1
|
6.13%
|
$11,640
|
First Interstate Bank
|
1
|
6.25%
|
$10,011
|
PRIORITY HOME LENDING, LLC
|
1
|
6.75%
|
$16,797
|
GUARANTEED RATE AFFINITY, LLC
|
1
|
6.65%
|
$11,816
|
RANLIFE, INC.
|
1
|
6.25%
|
$24,797
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
1
|
7.25%
|
$19,975
|
MORTGAGEONE, INC.
|
1
|
6.50%
|
$10,871
|
JPMorgan Chase Bank
|
1
|
5.25%
|
$9,257
|
ZILLOW HOME LOANS, LLC
|
1
|
5.75%
|
$13,193
|
MID AMERICA MORTGAGE, INC.
|
1
|
6.13%
|
$5,113
|
SUMMIT MORTGAGE CORPORATION
|
1
|
6.75%
|
$12,575
|
Bank of America
|
1
|
5.88%
|
$13,015
|
Arvest Bank
|
1
|
6.00%
|
$17,176
|
AmeriHome Mortgage Company, LLC
|
1
|
6.13%
|
$13,036
|
MICHIGAN MUTUAL, INC.
|
1
|
6.75%
|
$10,523
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
1
|
5.63%
|
$14,687
|
TOP FLITE FINANCIAL, INC.
|
1
|
7.25%
|
$19,628
|
AMERICAN FINANCIAL NETWORK, INC.
|
1
|
5.50%
|
$12,342
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
1
|
5.75%
|
$20,402
|
JMAC LENDING, INC.
|
1
|
6.75%
|
$12,369
|
NBH Bank
|
1
|
6.25%
|
$11,035
|
First Federal Savings Bank of Twin Falls
|
1
|
6.63%
|
$15,192
|
ALLIED MORTGAGE GROUP, INC.
|
1
|
6.25%
|
$15,752
|
NORWICH COMMERCIAL GROUP, INC.
|
1
|
6.75%
|
$17,790
|
Nations Lending Corporation
|
1
|
6.00%
|
$22,097
|
ONY GLO, INC.
|
1
|
6.38%
|
$26,927
|
PACIFIC RESIDENTIAL MORTGAGE, LLC
|
1
|
6.25%
|
$15,226
|
FIRST ALLIANCE HOME MORTGAGE, LLC
|
1
|
5.63%
|
$20,920
|
VERITAS FUNDING, LLC
|
1
|
6.75%
|
$12,099
|
The top Boise City FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
265 FHA loans originated. Their average total fees are
$18,619, which is $582
higher than the next largest lender,
PREMIER MORTGAGE RESOURCES, L.L.C..
The lowest fee Boise City FHA lenders (with over 10 loans originated) are
HOMEAMERICAN MORTGAGE CORPORATION ($10,616), LOANPAL, LLC ($13,651), BAY EQUITY LLC ($13,697), Century Mortgage Company DBA Century Lending Company ($14,135) and Paramount Residential Mortgage Group, Inc. ($14,411).
The lowest rate Boise City FHA lenders (with over 10 loans originated) are
HOMEAMERICAN MORTGAGE CORPORATION (4.58%), EAGLE HOME MORTGAGE, LLC (4.79%), MOUNTAIN AMERICA (5.32%), Bank of England (5.56%) and LOANPAL, LLC (5.59%).
Boise City FHA Loan Limits
Metro |
County |
Year |
Single Family Limit |
2 Family Limit |
3 Family Limit |
4 Family Limit |
BOISE CITY, ID |
ADA |
2022 |
$515,200 |
$659,550 |
$797,250 |
$990,800 |
BOISE CITY, ID |
BOISE |
2022 |
$515,200 |
$659,550 |
$797,250 |
$990,800 |
BOISE CITY, ID |
CANYON |
2022 |
$515,200 |
$659,550 |
$797,250 |
$990,800 |
BOISE CITY, ID |
GEM |
2022 |
$515,200 |
$659,550 |
$797,250 |
$990,800 |
BOISE CITY, ID |
OWYHEE |
2022 |
$515,200 |
$659,550 |
$797,250 |
$990,800 |
BOISE CITY, ID |
ADA |
2023 |
$586,500 |
$750,800 |
$907,550 |
$1,127,900 |
BOISE CITY, ID |
BOISE |
2023 |
$586,500 |
$750,800 |
$907,550 |
$1,127,900 |
BOISE CITY, ID |
CANYON |
2023 |
$586,500 |
$750,800 |
$907,550 |
$1,127,900 |
BOISE CITY, ID |
GEM |
2023 |
$586,500 |
$750,800 |
$907,550 |
$1,127,900 |
BOISE CITY, ID |
OWYHEE |
2023 |
$586,500 |
$750,800 |
$907,550 |
$1,127,900 |
FHA Loan Requirements
Borrowers must have a steady employment history or worked for the same employer for the past two years.
Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a
mortgage in your state.
Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
New FHA loans are only available for primary residence occupancy.
Borrowers must have a property appraisal from a FHA-approved appraiser.
Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance)
needs to be less than 31 percent of their gross income, typically. You may be able to get approved
with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they
believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment,
student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to
get approved with as high a percentage as 50 percent.
Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5
percent.
Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down
payment of 10 percent.
Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can
be made.
Typically borrowers must be three years out of foreclosure and have re-established good credit.
The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet
these standards and a seller will not agree to the required repairs, your only option is to pay for the required
repairs at closing (to be held in escrow until the repairs are complete).