Pocatello FHA Loan Rates, Closing Costs & Stats

POCATELLO, 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.

    Pocatello's 43 lenders originated 262 FHA loans during 2023. The total origination value was $69,140,000, with an average FHA loan value of $263,893.

    Pocatello FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Pocatello averaged 6.57% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Pocatello's average FHA mortgage closing costs are $8,426.

    The average rate for the prior week (2025-02-07) was 6.59% and one month ago for the week of 2025-01-10, the average rate was 6.25%.

    The average rate one year ago was 6.48%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.32%.

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

    Pocatello 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 Pocatello level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FIRST COLONY MORTGAGE CORPORATION 27 6.56% $12,003
    IDAHO CENTRAL 27 6.34% $11,448
    AMERICAN PACIFIC MORTGAGE CORPORATION 27 6.61% $11,168
    QUICKEN LOANS, LLC 21 5.95% $13,347
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 6.50% $12,955
    SUMMIT FUNDING, INC. 13 5.98% $12,476
    UNITED WHOLESALE MORTGAGE, LLC 11 6.09% $12,650
    VAN DYK MORTGAGE CORPORATION 10 6.58% $7,727
    ADVANTAGE PLUS 8 6.34% $10,099
    Glacier Bank 8 6.53% $13,937
    CANOPY MORTGAGE, LLC 7 6.29% $12,301
    PREMIER MORTGAGE RESOURCES, L.L.C. 3 6.50% $15,293
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.33% $15,597
    Bank of Idaho 3 6.71% $11,458
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.38% $16,201
    AMERICAN FINANCING CORPORATION 3 6.00% $18,315
    LAKEVIEW LOAN SERVICING, LLC 3 6.25% $11,730
    D. L. Evans Bank 2 5.81% $11,407
    AXIA FINANCIAL, LLC 2 6.56% $12,636
    AMERISAVE MORTGAGE CORPORATION 2 6.25% $9,531
    PENNYMAC LOAN SERVICES, LLC 2 6.31% $18,557
    NEWREZ LLC 2 6.25% $7,890
    SUN WEST MORTGAGE COMPANY, INC. 2 6.00% $9,861
    GUILD MORTGAGE COMPANY 2 6.56% $9,677
    WESTMARK Credit Union 1 6.75% $2,871
    AUGUSTA FINANCIAL, INC. 1 5.25% $14,450
    Barrington Bank & Trust Company, N.A. 1 6.13% $11,139
    BELEM SERVICING LLC 1 7.50% $12,665
    CALCON MUTUAL MORTGAGE LLC 1 5.25% $20,819
    CMG MORTGAGE, INC. 1 7.13% $9,882
    Commerce Home Mortgage, Inc. 1 6.63% $9,536
    Franklin Loan Corporation 1 7.13% $12,436
    GENEVA FINANCIAL, LLC 1 6.50% $13,357
    JMAC LENDING, INC. 1 7.00% $13,853
    LOANDEPOT.COM, LLC 1 6.13% $14,388
    LOANPAL, LLC 1 6.25% $7,417
    MANN FINANCIAL INC. 1 5.13% $3,453
    MID AMERICA MORTGAGE, INC. 1 7.50% $4,924
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.38% $18,474
    Mr. Cooper ( Nationstar Mortgage ) 1 6.00% $18,224
    NFM, INC. 1 6.25% $12,008
    POLARIS HOME FUNDING CORP. 1 6.25% $25,283
    Sierra Pacific Mortgage Company, Inc. 1 7.25% $14,777

    The top Pocatello FHA lender as defined by loan originations is FIRST COLONY MORTGAGE CORPORATION, with 27 FHA loans originated. Their average total fees are $12,003, which is $555 higher than the next largest lender, IDAHO CENTRAL.

    The lowest fee Pocatello FHA lenders (with over 10 loans originated) are VAN DYK MORTGAGE CORPORATION ($7,727), AMERICAN PACIFIC MORTGAGE CORPORATION ($11,168), IDAHO CENTRAL ($11,448), FIRST COLONY MORTGAGE CORPORATION ($12,003) and SUMMIT FUNDING, INC. ($12,476).

    The lowest rate Pocatello FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.95%), SUMMIT FUNDING, INC. (5.98%), UNITED WHOLESALE MORTGAGE, LLC (6.09%), IDAHO CENTRAL (6.34%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.50%).

    Pocatello FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    POCATELLO, ID BANNOCK 2022 $420,680 $538,650 $651,050 $809,150
    POCATELLO, ID POWER 2022 $420,680 $538,650 $651,050 $809,150
    POCATELLO, ID BANNOCK 2023 $472,030 $604,400 $730,525 $907,900
    POCATELLO, ID POWER 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Pocatello (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 $185,925 (20.0%) $249,955 (24.3%) 0.00 145
    2018-02-01 $192,200 (23.1%) $258,349 (25.0%) 0.00 137
    2018-03-01 $199,900 (26.6%) $262,448 (27.1%) 0.00 145
    2018-04-01 $220,000 (37.6%) $263,683 (22.8%) 0.00 143
    2018-05-01 $215,975 (24.3%) $256,631 (11.4%) 0.00 175
    2018-06-01 $200,000 (13.4%) $243,459 (6.4%) 0.00 231
    2018-07-01 $184,950 (10.4%) $232,030 (4.4%) 0.00 244
    2018-08-01 $197,450 (20.5%) $246,230 (10.9%) 0.00 226
    2018-09-01 $204,900 (22.7%) $252,679 (11.2%) 0.00 217
    2018-10-01 $213,900 (27.7%) $249,413 (7.9%) 0.00 204
    2018-11-01 $212,450 (23.7%) $258,042 (10.5%) 0.00 196
    2018-12-01 $210,000 (13.6%) $257,792 (3.5%) 0.00 184
    2019-01-01 $207,450 (11.6%) $258,814 (3.5%) 0.00 155
    2019-02-01 $224,900 (17.0%) $269,809 (4.4%) 0.00 150
    2019-03-01 $236,929 (18.5%) $275,084 (4.8%) 0.00 139
    2019-04-01 $243,029 (10.5%) $274,958 (4.3%) 0.00 132
    2019-05-01 $241,825 (12.0%) $277,016 (7.9%) 0.00 131
    2019-06-01 $245,000 (22.5%) $308,026 (26.5%) 0.00 162
    2019-07-01 $237,450 (28.4%) $312,673 (34.8%) 0.00 201
    2019-08-01 $243,736 (23.4%) $318,254 (29.3%) 0.00 219
    2019-09-01 $249,341 (21.7%) $319,804 (26.6%) 0.00 224
    2019-10-01 $255,600 (19.5%) $326,388 (30.9%) 0.00 228
    2019-11-01 $261,250 (23.0%) $331,950 (28.6%) 0.00 224
    2019-12-01 $255,000 (21.4%) $327,107 (26.9%) 0.00 206
    2020-01-01 $258,075 (24.4%) $326,983 (26.3%) 0.00 171
    2020-02-01 $267,500 (18.9%) $347,417 (28.8%) 0.00 146
    2020-03-01 $280,200 (18.3%) $354,336 (28.8%) 0.00 153
    2020-04-01 $289,675 (19.2%) $351,138 (27.7%) 0.00 168
    2020-05-01 $289,900 (19.9%) $350,899 (26.7%) 0.00 171
    2020-06-01 $316,575 (29.2%) $374,317 (21.5%) 0.00 159
    2020-07-01 $306,975 (29.3%) $381,478 (22.0%) 0.00 154
    2020-08-01 $290,000 (19.0%) $392,128 (23.2%) 0.00 133
    2020-09-01 $254,950 (2.3%) $352,627 (10.3%) 0.00 118
    2020-10-01 $239,950 (-6.1%) $381,311 (16.8%) 0.00 103
    2020-11-01 $247,425 (-5.3%) $424,000 (27.7%) 0.00 84
    2020-12-01 $249,950 (-2.0%) $426,516 (30.4%) 0.00 87
    2021-01-01 $264,900 (2.6%) $429,566 (31.4%) 0.00 70
    2021-02-01 $301,250 (12.6%) $506,979 (45.9%) 0.00 62
    2021-03-01 $352,450 (25.8%) $572,269 (61.5%) 0.00 57
    2021-04-01 $323,500 (11.7%) $459,583 (30.9%) 0.00 62
    2021-05-01 $305,250 (5.3%) $437,937 (24.8%) 0.00 72
    2021-06-01 $376,175 (18.8%) $500,430 (33.7%) 0.00 85
    2021-07-01 $354,950 (15.6%) $486,017 (27.4%) 0.00 123
    2021-08-01 $388,725 (34.0%) $489,607 (24.9%) 0.00 131
    2021-09-01 $399,725 (56.8%) $479,877 (36.1%) 0.00 144
    2021-10-01 $399,950 (66.7%) $463,794 (21.6%) 0.00 141
    2021-11-01 $365,950 (47.9%) $440,425 (3.9%) 0.00 133
    2021-12-01 $353,250 (41.3%) $434,115 (1.8%) 0.00 104
    2022-01-01 $355,000 (34.0%) $457,573 (6.5%) 0.00 70
    2022-02-01 $444,975 (47.7%) $583,032 (15.0%) 0.00 49
    2022-03-01 $447,450 (27.0%) $592,514 (3.5%) 0.00 58
    2022-04-01 $449,900 (39.1%) $547,398 (19.1%) 0.00 79
    2022-05-01 $417,500 (36.8%) $502,374 (14.7%) 0.00 126
    2022-06-01 $393,250 (4.5%) $474,011 (-5.3%) 0.00 171
    2022-07-01 $400,000 (12.7%) $465,026 (-4.3%) 0.00 223
    2022-08-01 $399,975 (2.9%) $459,864 (-6.1%) 0.00 235
    2022-09-01 $388,675 (-2.8%) $439,785 (-8.4%) 0.00 265
    2022-10-01 $389,700 (-2.6%) $449,849 (-3.0%) 0.00 272
    2022-11-01 $384,700 (5.1%) $439,213 (-0.3%) 0.00 245
    2022-12-01 $380,000 (7.6%) $437,651 (0.8%) 0.00 224
    2023-01-01 $388,750 (9.5%) $439,929 (-3.9%) 0.00 207
    2023-02-01 $410,225 (-7.8%) $461,576 (-20.8%) 0.00 193
    2023-03-01 $419,950 (-6.2%) $473,283 (-20.1%) 0.00 173
    2023-04-01 $429,950 (-4.4%) $491,764 (-10.2%) 0.00 162
    2023-05-01 $471,200 (12.9%) $520,135 (3.5%) 0.00 180
    2023-06-01 $444,900 (13.1%) $528,803 (11.6%) 0.00 187
    2023-07-01 $416,500 (4.1%) $517,566 (11.3%) 0.00 219
    2023-08-01 $428,100 (7.0%) $516,365 (12.3%) 0.00 234
    2023-09-01 $419,900 (8.0%) $506,496 (15.2%) 0.00 238
    2023-10-01 $399,788 (2.6%) $495,505 (10.2%) 0.00 261
    2023-11-01 $389,500 (1.3%) $468,775 (6.7%) 0.00 259
    2023-12-01 $384,700 (1.2%) $464,371 (6.1%) 0.00 238
    2024-01-01 $386,850 (-0.5%) $461,007 (4.8%) 0.00 209
    2024-02-01 $392,975 (-4.2%) $473,771 (2.6%) 0.00 195
    2024-03-01 $399,900 (-4.8%) $492,106 (4.0%) 0.00 210
    2024-04-01 $424,450 (-1.3%) $502,085 (2.1%) 0.00 228
    2024-05-01 $429,250 (-8.9%) $499,447 (-4.0%) 0.00 251
    2024-06-01 $425,450 (-4.4%) $505,373 (-4.4%) 0.00 295
    2024-07-01 $419,900 (0.8%) $496,463 (-4.1%) 0.00 330
    2024-08-01 $409,900 (-4.3%) $493,396 (-4.5%) 0.00 330
    2024-09-01 $413,675 (-1.5%) $494,230 (-2.4%) 0.00 332
    2024-10-01 $399,900 (0.0%) $488,915 (-1.3%) 0.00 321
    2024-11-01 $394,950 (1.4%) $478,270 (2.0%) 0.00 324
    2024-12-01 $390,750 (1.6%) $464,798 (0.1%) 0.00 304
    2025-01-01 $394,950 (2.1%) $470,258 (2.0%) 0.00 258
    Pocatello's median listing price for 2025-01-01 was $394,950, a difference of $8,100 (2.1%) versus the prior year and $4,200 versus the prior month.

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

    Pocatello's average listing price for 2025-01-01 was $470,258, a difference of $9,251 (2.0%) versus the prior year and $5,460 versus the prior month.

    For the 2025-01-01 period, Pocatello had 258 MLS listings, a difference of -46 listings (-15%) versus the prior month and 49 listings (23%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Pocatello (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,389 sqft
    2018-02-01 0 days 2,372 sqft
    2018-03-01 0 days 2,341 sqft
    2018-04-01 0 days 2,371 sqft
    2018-05-01 0 days 2,333 sqft
    2018-06-01 0 days 2,228 sqft
    2018-07-01 0 days 2,112 sqft
    2018-08-01 0 days 2,259 sqft
    2018-09-01 0 days 2,295 sqft
    2018-10-01 0 days 2,365 sqft
    2018-11-01 0 days 2,442 sqft
    2018-12-01 0 days 2,458 sqft
    2019-01-01 0 days 2,225 sqft
    2019-02-01 0 days 2,407 sqft
    2019-03-01 0 days 2,555 sqft
    2019-04-01 0 days 2,538 sqft
    2019-05-01 0 days 2,534 sqft
    2019-06-01 0 days 2,430 sqft
    2019-07-01 0 days 2,329 sqft
    2019-08-01 0 days 2,313 sqft
    2019-09-01 0 days 2,277 sqft
    2019-10-01 0 days 2,292 sqft
    2019-11-01 0 days 2,300 sqft
    2019-12-01 0 days 2,345 sqft
    2020-01-01 0 days 2,300 sqft
    2020-02-01 0 days 2,207 sqft
    2020-03-01 0 days 2,497 sqft
    2020-04-01 0 days 2,539 sqft
    2020-05-01 0 days 2,550 sqft
    2020-06-01 0 days 2,735 sqft
    2020-07-01 0 days 2,622 sqft
    2020-08-01 0 days 2,418 sqft
    2020-09-01 0 days 2,202 sqft
    2020-10-01 0 days 2,018 sqft
    2020-11-01 0 days 2,080 sqft
    2020-12-01 0 days 2,004 sqft
    2021-01-01 0 days 2,128 sqft
    2021-02-01 0 days 2,423 sqft
    2021-03-01 0 days 2,532 sqft
    2021-04-01 0 days 2,348 sqft
    2021-05-01 0 days 2,184 sqft
    2021-06-01 0 days 2,251 sqft
    2021-07-01 0 days 2,360 sqft
    2021-08-01 0 days 2,574 sqft
    2021-09-01 0 days 2,563 sqft
    2021-10-01 0 days 2,341 sqft
    2021-11-01 0 days 2,251 sqft
    2021-12-01 0 days 2,217 sqft
    2022-01-01 0 days 2,217 sqft
    2022-02-01 0 days 2,680 sqft
    2022-03-01 0 days 2,783 sqft
    2022-04-01 0 days 2,800 sqft
    2022-05-01 0 days 2,322 sqft
    2022-06-01 0 days 2,260 sqft
    2022-07-01 0 days 2,264 sqft
    2022-08-01 0 days 2,242 sqft
    2022-09-01 0 days 2,181 sqft
    2022-10-01 0 days 2,263 sqft
    2022-11-01 0 days 2,267 sqft
    2022-12-01 0 days 2,256 sqft
    2023-01-01 0 days 2,274 sqft
    2023-02-01 0 days 2,499 sqft
    2023-03-01 0 days 2,551 sqft
    2023-04-01 0 days 2,657 sqft
    2023-05-01 0 days 2,593 sqft
    2023-06-01 0 days 2,575 sqft
    2023-07-01 0 days 2,492 sqft
    2023-08-01 0 days 2,514 sqft
    2023-09-01 0 days 2,464 sqft
    2023-10-01 0 days 2,232 sqft
    2023-11-01 0 days 2,174 sqft
    2023-12-01 0 days 2,150 sqft
    2024-01-01 0 days 2,152 sqft
    2024-02-01 0 days 2,245 sqft
    2024-03-01 0 days 2,242 sqft
    2024-04-01 0 days 2,365 sqft
    2024-05-01 0 days 2,359 sqft
    2024-06-01 0 days 2,425 sqft
    2024-07-01 0 days 2,330 sqft
    2024-08-01 0 days 2,247 sqft
    2024-09-01 0 days 2,251 sqft
    2024-10-01 0 days 2,188 sqft
    2024-11-01 0 days 2,189 sqft
    2024-12-01 0 days 2,154 sqft
    2025-01-01 0 days 2,143 sqft
    Pocatello's median listing age (time on market) for 2025-01-01 was 0 days.

    Pocatello's median square footage for active listings during the 2025-01-01 period was 2,143 sqft. One year prior, the average listing was 2,152 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).