Idaho Falls FHA Loan Rates, Closing Costs & Stats

IDAHO FALLS, ID

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    • 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.

    Idaho Falls's 71 lenders originated 554 FHA loans during 2024. The total origination value was $180,660,000, with an average FHA loan value of $326,101.

    Idaho Falls FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Idaho Falls averaged 6.14% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Idaho Falls's average FHA mortgage closing costs are $10,048.

    The average rate for the prior week (2025-03-28) was 6.43% and one month ago for the week of 2025-02-28, the average rate was 6.22%.

    The average rate one year ago was 6.74%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.14%.

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

    Idaho Falls 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 Idaho Falls level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Eagle Bank and Trust Company 73 6.07% $13,066
    CANOPY MORTGAGE, LLC 49 6.15% $14,992
    QUICKEN LOANS, LLC 47 6.12% $13,711
    UNITED WHOLESALE MORTGAGE, LLC 41 6.05% $14,485
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 31 6.35% $15,377
    IDAHO CENTRAL 28 6.04% $12,813
    FIRST COLONY MORTGAGE CORPORATION 26 6.11% $13,253
    S1L, Inc. 23 6.32% $14,132
    BELEM SERVICING LLC 20 6.29% $15,572
    SUMMIT FUNDING, INC. 16 6.45% $15,459
    Flagstar Bank, FSB 9 6.30% $17,736
    VERITAS FUNDING, LLC 9 6.14% $16,309
    MOUNTAIN AMERICA 8 5.42% $13,855
    LOANDEPOT.COM, LLC 7 6.55% $15,698
    LOANPAL, LLC 7 5.45% $17,929
    FREEDOM MORTGAGE CORPORATION 6 6.44% $12,734
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.62% $12,823
    Zions Bank 5 6.18% $12,963
    Gateway First Bank 5 6.28% $14,394
    GUILD MORTGAGE COMPANY 4 6.28% $13,215
    AXIA FINANCIAL, LLC 4 6.91% $15,278
    SUN WEST MORTGAGE COMPANY, INC. 3 5.88% $18,479
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.08% $20,783
    ENVOY MORTGAGE, LTD 3 5.63% $13,114
    MOVEMENT MORTGAGE, LLC 3 6.42% $11,824
    Mr. Cooper ( Nationstar Mortgage ) 3 6.25% $14,213
    NEWREZ LLC 3 6.04% $12,349
    Paramount Residential Mortgage Group, Inc. 3 6.96% $15,061
    PENNYMAC LOAN SERVICES, LLC 3 5.92% $7,280
    PREMIER MORTGAGE RESOURCES, L.L.C. 3 6.42% $15,844
    RANLIFE, INC. 3 6.37% $17,127
    The Loan Store, Inc. 2 5.88% $10,960
    WESTMARK Credit Union 2 7.25% $5,862
    Magnolia Bank 2 5.69% $11,946
    CHURCHILL MORTGAGE CORPORATION 2 5.81% $15,506
    Mortgage Research Center, LLC 2 6.88% $7,175
    ZILLOW HOME LOANS, LLC 2 6.19% $13,445
    Century Mortgage Company DBA Century Lending Company 2 6.19% $13,364
    Franklin Loan Corporation 2 6.50% $20,843
    AMERICAN FINANCING CORPORATION 2 6.06% $21,323
    CROSSCOUNTRY MORTGAGE, LLC 2 5.75% $16,870
    Glacier Bank 2 5.81% $14,319
    INTERCAP LENDING INC. 2 5.69% $19,644
    NFM, INC. 1 6.25% $11,513
    AMERISAVE MORTGAGE CORPORATION 1 6.75% $16,524
    PHH Mortgage Corporation 1 6.49% $15,204
    PLANET HOME LENDING, LLC 1 6.25% $5,752
    PLAZA HOME MORTGAGE, INC. 1 7.00% $6,434
    CARDINAL FINANCIAL 1 6.13% $12,550
    BROKER SOLUTIONS, INC. 1 6.63% $10,338
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.25% $11,073
    BETTER MORTGAGE CORPORATION 1 5.88% $13,533
    Sunflower Bank 1 6.13% $11,209
    AMERICAN FINANCIAL NETWORK, INC. 1 5.75% $16,350
    Texana Bank 1 6.38% $8,706
    First Federal Bank 1 6.00% $10,462
    Equity Prime Mortgage LLC 1 5.88% $16,782
    DIRECT MORTGAGE, CORP. 1 5.75% $14,967
    CMG MORTGAGE, INC. 1 5.88% $11,453
    CORNERSTONE HOME LENDING, INC. 1 6.75% $11,752
    KeyBank 1 5.00% $9,947
    LAKEVIEW LOAN SERVICING, LLC 1 6.63% $9,748
    LAND HOME FINANCIAL SERVICES, INC. 1 6.63% $18,016
    CASTLE & COOKE MORTGAGE, LLC 1 7.00% $15,028
    MID AMERICA MORTGAGE, INC. 1 6.75% $5,407
    Carrington Mortgage Services, LLC 1 7.13% $10,990
    The Federal Savings Bank 1 6.75% $17,602
    M&T Bank 1 6.25% $8,745
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.63% $11,292
    NBKC BANK 1 6.50% $8,195
    BEEHIVE 1 6.00% $12,649

    The top Idaho Falls FHA lender as defined by loan originations is Eagle Bank and Trust Company, with 73 FHA loans originated. Their average total fees are $13,066, which is $1,926 lower than the next largest lender, CANOPY MORTGAGE, LLC.

    The lowest fee Idaho Falls FHA lenders (with over 10 loans originated) are IDAHO CENTRAL ($12,813), Eagle Bank and Trust Company ($13,066), FIRST COLONY MORTGAGE CORPORATION ($13,253), QUICKEN LOANS, LLC ($13,711) and S1L, Inc. ($14,132).

    The lowest rate Idaho Falls FHA lenders (with over 10 loans originated) are IDAHO CENTRAL (6.04%), UNITED WHOLESALE MORTGAGE, LLC (6.05%), Eagle Bank and Trust Company (6.07%), FIRST COLONY MORTGAGE CORPORATION (6.11%) and QUICKEN LOANS, LLC (6.12%).

    Idaho Falls FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    IDAHO FALLS, ID BONNEVILLE 2022 $420,680 $538,650 $651,050 $809,150
    IDAHO FALLS, ID BUTTE 2022 $420,680 $538,650 $651,050 $809,150
    IDAHO FALLS, ID JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
    IDAHO FALLS, ID BONNEVILLE 2023 $472,030 $604,400 $730,525 $907,900
    IDAHO FALLS, ID BUTTE 2023 $472,030 $604,400 $730,525 $907,900
    IDAHO FALLS, ID JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Idaho Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $242,450 (28.3%) $328,662 (29.2%) 0.00 340
    2018-02-01 $254,675 (34.0%) $339,142 (30.5%) 0.00 297
    2018-03-01 $269,900 (38.6%) $353,742 (36.0%) 0.00 274
    2018-04-01 $260,000 (15.6%) $335,485 (13.1%) 0.00 287
    2018-05-01 $261,075 (15.3%) $325,139 (6.3%) 0.00 317
    2018-06-01 $259,900 (13.0%) $329,255 (7.2%) 0.00 347
    2018-07-01 $259,573 (7.5%) $325,082 (2.3%) 0.00 373
    2018-08-01 $259,900 (8.5%) $333,650 (8.3%) 0.00 397
    2018-09-01 $265,000 (13.1%) $329,954 (7.4%) 0.00 415
    2018-10-01 $264,000 (14.8%) $339,966 (12.0%) 0.00 394
    2018-11-01 $267,000 (17.5%) $350,297 (12.2%) 0.00 362
    2018-12-01 $259,900 (10.6%) $352,077 (8.4%) 0.00 293
    2019-01-01 $267,475 (10.3%) $361,070 (9.9%) 0.00 241
    2019-02-01 $287,400 (12.9%) $376,868 (11.1%) 0.00 244
    2019-03-01 $294,214 (9.0%) $384,834 (8.8%) 0.00 231
    2019-04-01 $299,450 (15.2%) $393,540 (17.3%) 0.00 221
    2019-05-01 $294,900 (13.0%) $379,834 (16.8%) 0.00 270
    2019-06-01 $290,000 (11.6%) $379,689 (15.3%) 0.00 302
    2019-07-01 $292,400 (12.7%) $376,222 (15.7%) 0.00 324
    2019-08-01 $287,909 (10.8%) $372,446 (11.6%) 0.00 342
    2019-09-01 $288,523 (8.9%) $375,581 (13.8%) 0.00 342
    2019-10-01 $288,932 (9.4%) $377,475 (11.0%) 0.00 345
    2019-11-01 $285,000 (6.7%) $378,745 (8.1%) 0.00 329
    2019-12-01 $291,500 (12.2%) $390,681 (11.0%) 0.00 285
    2020-01-01 $289,950 (8.4%) $383,965 (6.3%) 0.00 253
    2020-02-01 $295,000 (2.6%) $390,900 (3.7%) 0.00 243
    2020-03-01 $317,500 (7.9%) $390,374 (1.4%) 0.00 226
    2020-04-01 $315,000 (5.2%) $387,422 (-1.6%) 0.00 282
    2020-05-01 $325,000 (10.2%) $382,808 (0.8%) 0.00 286
    2020-06-01 $345,000 (19.0%) $413,042 (8.8%) 0.00 259
    2020-07-01 $337,675 (15.5%) $406,416 (8.0%) 0.00 228
    2020-08-01 $350,000 (21.6%) $414,207 (11.2%) 0.00 202
    2020-09-01 $372,500 (29.1%) $441,407 (17.5%) 0.00 178
    2020-10-01 $365,000 (26.3%) $452,841 (20.0%) 0.00 135
    2020-11-01 $354,500 (24.4%) $452,978 (19.6%) 0.00 110
    2020-12-01 $376,250 (29.1%) $429,850 (10.0%) 0.00 91
    2021-01-01 $370,000 (27.6%) $412,898 (7.5%) 0.00 80
    2021-02-01 $370,250 (25.5%) $418,466 (7.1%) 0.00 83
    2021-03-01 $369,950 (16.5%) $457,891 (17.3%) 0.00 90
    2021-04-01 $397,000 (26.0%) $510,978 (31.9%) 0.00 98
    2021-05-01 $425,000 (30.8%) $528,690 (38.1%) 0.00 101
    2021-06-01 $426,000 (23.5%) $559,917 (35.6%) 0.00 139
    2021-07-01 $425,000 (25.9%) $528,546 (30.1%) 0.00 173
    2021-08-01 $442,500 (26.4%) $532,943 (28.7%) 0.00 215
    2021-09-01 $457,475 (22.8%) $534,187 (21.0%) 0.00 239
    2021-10-01 $465,000 (27.4%) $540,918 (19.5%) 0.00 220
    2021-11-01 $450,000 (26.9%) $545,001 (20.3%) 0.00 159
    2021-12-01 $472,500 (25.6%) $560,704 (30.4%) 0.00 140
    2022-01-01 $495,000 (33.8%) $599,189 (45.1%) 0.00 109
    2022-02-01 $528,250 (42.7%) $639,341 (52.8%) 0.00 104
    2022-03-01 $480,000 (29.8%) $584,891 (27.7%) 0.00 117
    2022-04-01 $520,000 (31.0%) $596,107 (16.7%) 0.00 160
    2022-05-01 $525,000 (23.5%) $614,484 (16.2%) 0.00 285
    2022-06-01 $487,125 (14.4%) $587,344 (4.9%) 0.00 425
    2022-07-01 $474,900 (11.7%) $560,541 (6.1%) 0.00 562
    2022-08-01 $455,000 (2.8%) $528,340 (-0.9%) 0.00 593
    2022-09-01 $451,250 (-1.4%) $529,558 (-0.9%) 0.00 566
    2022-10-01 $450,000 (-3.2%) $534,708 (-1.2%) 0.00 536
    2022-11-01 $450,000 (0.0%) $524,283 (-3.8%) 0.00 511
    2022-12-01 $440,000 (-6.9%) $515,412 (-8.1%) 0.00 466
    2023-01-01 $449,225 (-9.3%) $518,141 (-13.5%) 0.00 405
    2023-02-01 $457,500 (-13.4%) $527,184 (-17.5%) 0.00 374
    2023-03-01 $475,000 (-1.0%) $540,117 (-7.7%) 0.00 351
    2023-04-01 $470,000 (-9.6%) $542,523 (-9.0%) 0.00 345
    2023-05-01 $479,250 (-8.7%) $558,655 (-9.1%) 0.00 372
    2023-06-01 $476,950 (-2.1%) $549,081 (-6.5%) 0.00 406
    2023-07-01 $475,000 (0.0%) $550,593 (-1.8%) 0.00 465
    2023-08-01 $463,125 (1.8%) $559,847 (6.0%) 0.00 455
    2023-09-01 $459,950 (1.9%) $573,598 (8.3%) 0.00 455
    2023-10-01 $447,500 (-0.6%) $568,725 (6.4%) 0.00 479
    2023-11-01 $441,988 (-1.8%) $543,372 (3.6%) 0.00 452
    2023-12-01 $435,000 (-1.1%) $526,109 (2.1%) 0.00 424
    2024-01-01 $435,000 (-3.2%) $523,548 (1.0%) 0.00 349
    2024-02-01 $445,000 (-2.7%) $532,274 (1.0%) 0.00 303
    2024-03-01 $480,000 (1.1%) $569,816 (5.5%) 0.00 310
    2024-04-01 $484,500 (3.1%) $584,265 (7.7%) 0.00 347
    2024-05-01 $491,950 (2.7%) $598,915 (7.2%) 0.00 390
    2024-06-01 $489,900 (2.7%) $604,441 (10.1%) 0.00 441
    2024-07-01 $487,375 (2.6%) $593,073 (7.7%) 0.00 473
    2024-08-01 $480,000 (3.6%) $589,936 (5.4%) 0.00 521
    2024-09-01 $472,500 (2.7%) $595,626 (3.8%) 0.00 549
    2024-10-01 $461,500 (3.1%) $562,056 (-1.2%) 0.00 542
    2024-11-01 $450,000 (1.8%) $604,844 (11.3%) 0.00 520
    2024-12-01 $439,950 (1.1%) $598,380 (13.7%) 0.00 490
    2025-01-01 $439,975 (1.1%) $601,274 (14.9%) 0.00 451
    2025-02-01 $433,950 (-2.5%) $598,927 (12.5%) 0.00 435
    2025-03-01 $440,000 (-8.3%) $602,419 (5.7%) 0.00 443
    Idaho Falls's median listing price for 2025-03-01 was $440,000, a difference of $-40,000 (-8.3%) versus the prior year and $6,050 versus the prior month.

    Idaho Falls's median listing price comes in at 0% of the national average.

    Idaho Falls's average listing price for 2025-03-01 was $602,419, a difference of $32,603 (5.7%) versus the prior year and $3,492 versus the prior month.

    For the 2025-03-01 period, Idaho Falls had 443 MLS listings, a difference of 8 listings (2%) versus the prior month and 133 listings (43%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Idaho Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,953 sqft
    2018-02-01 0 days 2,975 sqft
    2018-03-01 0 days 3,012 sqft
    2018-04-01 0 days 2,944 sqft
    2018-05-01 0 days 2,926 sqft
    2018-06-01 0 days 2,836 sqft
    2018-07-01 0 days 2,784 sqft
    2018-08-01 0 days 2,794 sqft
    2018-09-01 0 days 2,790 sqft
    2018-10-01 0 days 2,817 sqft
    2018-11-01 0 days 2,959 sqft
    2018-12-01 0 days 2,995 sqft
    2019-01-01 0 days 2,941 sqft
    2019-02-01 0 days 2,968 sqft
    2019-03-01 0 days 2,965 sqft
    2019-04-01 0 days 2,988 sqft
    2019-05-01 0 days 2,880 sqft
    2019-06-01 0 days 2,887 sqft
    2019-07-01 0 days 2,819 sqft
    2019-08-01 0 days 2,780 sqft
    2019-09-01 0 days 2,765 sqft
    2019-10-01 0 days 2,755 sqft
    2019-11-01 0 days 2,688 sqft
    2019-12-01 0 days 2,691 sqft
    2020-01-01 0 days 2,735 sqft
    2020-02-01 0 days 2,760 sqft
    2020-03-01 0 days 2,854 sqft
    2020-04-01 0 days 2,800 sqft
    2020-05-01 0 days 2,864 sqft
    2020-06-01 0 days 3,027 sqft
    2020-07-01 0 days 2,914 sqft
    2020-08-01 0 days 2,859 sqft
    2020-09-01 0 days 2,833 sqft
    2020-10-01 0 days 2,702 sqft
    2020-11-01 0 days 2,567 sqft
    2020-12-01 0 days 2,624 sqft
    2021-01-01 0 days 2,396 sqft
    2021-02-01 0 days 2,326 sqft
    2021-03-01 0 days 2,716 sqft
    2021-04-01 0 days 2,757 sqft
    2021-05-01 0 days 2,800 sqft
    2021-06-01 0 days 2,826 sqft
    2021-07-01 0 days 2,728 sqft
    2021-08-01 0 days 2,755 sqft
    2021-09-01 0 days 2,795 sqft
    2021-10-01 0 days 2,792 sqft
    2021-11-01 0 days 2,798 sqft
    2021-12-01 0 days 2,852 sqft
    2022-01-01 0 days 2,884 sqft
    2022-02-01 0 days 2,991 sqft
    2022-03-01 0 days 2,772 sqft
    2022-04-01 0 days 2,940 sqft
    2022-05-01 0 days 2,959 sqft
    2022-06-01 0 days 2,882 sqft
    2022-07-01 0 days 2,842 sqft
    2022-08-01 0 days 2,815 sqft
    2022-09-01 0 days 2,806 sqft
    2022-10-01 0 days 2,816 sqft
    2022-11-01 0 days 2,905 sqft
    2022-12-01 0 days 2,883 sqft
    2023-01-01 0 days 2,888 sqft
    2023-02-01 0 days 2,945 sqft
    2023-03-01 0 days 3,000 sqft
    2023-04-01 0 days 3,000 sqft
    2023-05-01 0 days 2,972 sqft
    2023-06-01 0 days 2,883 sqft
    2023-07-01 0 days 2,826 sqft
    2023-08-01 0 days 2,879 sqft
    2023-09-01 0 days 2,882 sqft
    2023-10-01 0 days 2,815 sqft
    2023-11-01 0 days 2,747 sqft
    2023-12-01 0 days 2,720 sqft
    2024-01-01 0 days 2,735 sqft
    2024-02-01 0 days 2,732 sqft
    2024-03-01 0 days 2,775 sqft
    2024-04-01 0 days 2,799 sqft
    2024-05-01 0 days 2,869 sqft
    2024-06-01 0 days 2,906 sqft
    2024-07-01 0 days 2,895 sqft
    2024-08-01 0 days 2,880 sqft
    2024-09-01 0 days 2,859 sqft
    2024-10-01 0 days 2,783 sqft
    2024-11-01 0 days 2,770 sqft
    2024-12-01 0 days 2,750 sqft
    2025-01-01 0 days 2,750 sqft
    2025-02-01 0 days 2,734 sqft
    2025-03-01 0 days 2,683 sqft
    Idaho Falls's median listing age (time on market) for 2025-03-01 was 0 days.

    Idaho Falls's median square footage for active listings during the 2025-03-01 period was 2,683 sqft. One year prior, the average listing was 2,775 sqft.

    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).