Lewiston FHA Loan Rates, Closing Costs & Stats

LEWISTON, ID-WA

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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.

    Lewiston's 41 lenders originated 192 FHA loans during 2024. The total origination value was $58,390,000, with an average FHA loan value of $304,115.

    Lewiston FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Lewiston averaged 0.26% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Lewiston's average FHA mortgage closing costs are $9,222.

    The average rate for the prior week (2025-06-13) was 6.74% and one month ago for the week of 2025-05-16, the average rate was 6.8%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.45%.

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

    Lewiston 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 Lewiston level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 52 5.92% $14,795
    BAY EQUITY LLC 15 6.81% $11,502
    MOVEMENT MORTGAGE, LLC 14 6.60% $12,997
    QUICKEN LOANS, LLC 12 5.96% $12,252
    IDAHO CENTRAL 9 6.53% $11,394
    FREEDOM MORTGAGE CORPORATION 7 6.57% $12,008
    LAND HOME FINANCIAL SERVICES, INC. 7 6.98% $10,643
    S1L, Inc. 6 6.33% $11,278
    American Mortgage & Equity Consultants, Inc. 5 6.48% $15,083
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 6.75% $15,294
    MUTUAL OF OMAHA MORTGAGE, INC. 4 6.47% $15,292
    CROSSCOUNTRY MORTGAGE, LLC 3 6.40% $13,397
    The Loan Store, Inc. 3 5.75% $16,634
    Mr. Cooper ( Nationstar Mortgage ) 3 6.04% $16,760
    AMERICAN FINANCING CORPORATION 2 6.69% $9,104
    Equity Prime Mortgage LLC 2 6.75% $15,967
    Flagstar Bank, FSB 2 6.50% $9,028
    MID AMERICA MORTGAGE, INC. 2 6.69% $7,075
    Mortgage Research Center, LLC 2 5.75% $4,398
    PENNYMAC LOAN SERVICES, LLC 2 6.19% $13,658
    RANLIFE, INC. 2 7.25% $11,205
    Sunflower Bank 2 5.75% $19,136
    Paramount Residential Mortgage Group, Inc. 1 5.88% $15,497
    WASHINGTON STATE EMPLOYEES Credit Union 1 6.63% $8,659
    PLANET HOME LENDING, LLC 1 6.38% $6,786
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.49% $13,392
    DIRECTORS MORTGAGE, INC. 1 5.99% $17,951
    Washington Trust Bank 1 7.00% $11,504
    Carrington Mortgage Services, LLC 1 6.13% $16,841
    Sierra Pacific Mortgage Company, Inc. 1 7.00% $10,477
    Summit Mortgage Corporation 1 6.63% $8,033
    Zions Bank 1 6.13% $10,422
    SUN WEST MORTGAGE COMPANY, INC. 1 5.88% $21,629
    BROKER SOLUTIONS, INC. 1 6.50% $16,078
    Umpqua Bank 1 6.50% $12,578
    Banner Bank 1 6.50% $8,757
    U.S. Bank 1 7.25% $14,255
    VILLAGE CAPITAL MORTGAGE 1 6.63% $12,386
    LOANDEPOT.COM, LLC 1 5.25% $10,122
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $7,219
    GUILD MORTGAGE COMPANY 1 6.50% $12,757

    The top Lewiston FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 52 FHA loans originated. Their average total fees are $14,795, which is $3,294 higher than the next largest lender, BAY EQUITY LLC.

    The lowest fee Lewiston FHA lenders (with over 10 loans originated) are BAY EQUITY LLC ($11,502), QUICKEN LOANS, LLC ($12,252), MOVEMENT MORTGAGE, LLC ($12,997), UNITED WHOLESALE MORTGAGE, LLC ($14,795) and .

    The lowest rate Lewiston FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.92%), QUICKEN LOANS, LLC (5.96%), MOVEMENT MORTGAGE, LLC (6.60%), BAY EQUITY LLC (6.81%) and .

    Lewiston FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    LEWISTON, ID-WA NEZ PERCE 2022 $420,680 $538,650 $651,050 $809,150
    LEWISTON, ID-WA ASOTIN 2022 $420,680 $538,650 $651,050 $809,150
    LEWISTON, ID-WA NEZ PERCE 2023 $472,030 $604,400 $730,525 $907,900
    LEWISTON, ID-WA ASOTIN 2023 $472,030 $604,400 $730,525 $907,900

    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).