Sandpoint FHA Loan Rates, Closing Costs & Stats

Sandpoint, 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.

    Sandpoint's 23 lenders originated 74 FHA loans during 2024. The total origination value was $24,700,000, with an average FHA loan value of $333,784.

    Sandpoint FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Sandpoint averaged 0.06% for the week of 2025-07-04, compared to the national average (all FHA variants) of 0% for the same period.

    Sandpoint's average FHA mortgage closing costs are $10,371.

    The average rate for the prior week (2025-06-27) was 6.74% and one month ago for the week of 2025-05-30, the average rate was 6.72%.

    The average rate one year ago was 6.84%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.1%.

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

    Sandpoint 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 Sandpoint level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Glacier Bank 7 6.04% $16,327
    Willamette Valley Bank 5 6.40% $14,648
    UNITED WHOLESALE MORTGAGE, LLC 5 5.72% $16,396
    LOANDEPOT.COM, LLC 4 6.06% $20,630
    GUILD MORTGAGE COMPANY 4 6.56% $14,848
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.21% $15,979
    MOVEMENT MORTGAGE, LLC 2 6.88% $15,860
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.00% $22,829
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.50% $13,880
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 6.50% $12,583
    AMERICAN FINANCING CORPORATION 2 6.81% $10,754
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $9,284
    ENVOY MORTGAGE, LTD 1 6.25% $15,717
    NEWREZ LLC 1 6.13% $11,397
    QUICKEN LOANS, LLC 1 5.75% $13,169
    SUMMIT FUNDING, INC. 1 6.25% $15,690
    Sunflower Bank 1 5.38% $14,375
    VILLAGE CAPITAL MORTGAGE 1 6.25% $10,581
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $15,851
    Carrington Mortgage Services, LLC 1 6.63% $19,372
    GUARANTEED RATE, INC. 1 5.63% $13,577
    CARDINAL FINANCIAL 1 6.50% $12,924
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.50% $10,740

    The top Sandpoint FHA lender as defined by loan originations is Glacier Bank, with 7 FHA loans originated. Their average total fees are $16,327, which is $1,679 higher than the next largest lender, Willamette Valley Bank.

    The lowest fee Sandpoint FHA lenders (with over 10 loans originated) are .

    The lowest rate Sandpoint FHA lenders (with over 10 loans originated) are .

    Sandpoint FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    SANDPOINT, ID BONNER 2022 $427,800 $547,650 $662,000 $822,700
    SANDPOINT, ID BONNER 2023 $523,250 $669,850 $809,700 $1,006,250

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sandpoint (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 $359,250 (-2.6%) $529,361 (-7.4%) 0.00 361
    2018-02-01 $359,000 (2.6%) $540,038 (-2.6%) 0.00 370
    2018-03-01 $369,000 (-0.8%) $572,152 (0.3%) 0.00 402
    2018-04-01 $377,000 (4.1%) $570,435 (0.4%) 0.00 441
    2018-05-01 $379,000 (4.1%) $574,695 (4.2%) 0.00 514
    2018-06-01 $395,500 (8.1%) $592,223 (7.6%) 0.00 606
    2018-07-01 $398,000 (6.1%) $596,670 (8.9%) 0.00 641
    2018-08-01 $425,000 (9.3%) $629,187 (11.3%) 0.00 716
    2018-09-01 $399,900 (9.6%) $652,878 (15.2%) 0.00 613
    2018-10-01 $398,000 (8.8%) $640,031 (14.6%) 0.00 563
    2018-11-01 $397,725 (7.8%) $639,994 (16.2%) 0.00 490
    2018-12-01 $399,000 (8.1%) $683,261 (27.8%) 0.00 429
    2019-01-01 $404,500 (12.6%) $791,479 (49.5%) 0.00 342
    2019-02-01 $436,150 (21.5%) $865,671 (60.3%) 0.00 306
    2019-03-01 $449,386 (21.8%) $859,009 (50.1%) 0.00 317
    2019-04-01 $449,950 (19.4%) $810,138 (42.0%) 0.00 349
    2019-05-01 $453,675 (19.7%) $786,170 (36.8%) 0.00 404
    2019-06-01 $449,900 (13.8%) $762,387 (28.7%) 0.00 481
    2019-07-01 $450,000 (13.1%) $739,031 (23.9%) 0.00 555
    2019-08-01 $466,018 (9.7%) $758,561 (20.6%) 0.00 526
    2019-09-01 $467,695 (17.0%) $777,293 (19.1%) 0.00 467
    2019-10-01 $469,415 (17.9%) $802,431 (25.4%) 0.00 412
    2019-11-01 $479,000 (20.4%) $835,019 (30.5%) 0.00 361
    2019-12-01 $527,450 (32.2%) $899,823 (31.7%) 0.00 337
    2020-01-01 $548,000 (35.5%) $919,337 (16.2%) 0.00 282
    2020-02-01 $529,000 (21.3%) $928,983 (7.3%) 0.00 274
    2020-03-01 $546,475 (21.6%) $961,167 (11.9%) 0.00 271
    2020-04-01 $525,750 (16.9%) $918,451 (13.4%) 0.00 306
    2020-05-01 $529,500 (16.7%) $905,981 (15.2%) 0.00 326
    2020-06-01 $554,500 (23.3%) $906,796 (18.9%) 0.00 352
    2020-07-01 $576,311 (28.1%) $965,398 (30.6%) 0.00 342
    2020-08-01 $597,000 (28.1%) $1,045,947 (37.9%) 0.00 300
    2020-09-01 $594,500 (27.1%) $1,069,877 (37.6%) 0.00 234
    2020-10-01 $634,000 (35.1%) $1,155,678 (44.0%) 0.00 197
    2020-11-01 $684,225 (42.8%) $1,411,443 (69.0%) 0.00 149
    2020-12-01 $779,500 (47.8%) $1,611,353 (79.1%) 0.00 120
    2021-01-01 $800,000 (46.0%) $1,760,890 (91.5%) 0.00 88
    2021-02-01 $789,450 (49.2%) $1,840,501 (98.1%) 0.00 79
    2021-03-01 $699,225 (28.0%) $1,799,719 (87.2%) 0.00 77
    2021-04-01 $696,225 (32.4%) $1,734,015 (88.8%) 0.00 93
    2021-05-01 $726,000 (37.1%) $1,529,108 (68.8%) 0.00 134
    2021-06-01 $764,925 (38.0%) $1,279,522 (41.1%) 0.00 190
    2021-07-01 $707,500 (22.8%) $1,114,574 (15.5%) 0.00 277
    2021-08-01 $750,000 (25.6%) $1,115,062 (6.6%) 0.00 284
    2021-09-01 $749,675 (26.1%) $1,178,106 (10.1%) 0.00 287
    2021-10-01 $748,500 (18.1%) $1,291,544 (11.8%) 0.00 232
    2021-11-01 $739,700 (8.1%) $1,265,178 (-10.4%) 0.00 167
    2021-12-01 $742,000 (-4.8%) $1,321,001 (-18.0%) 0.00 134
    2022-01-01 $799,000 (-0.1%) $1,365,300 (-22.5%) 0.00 84
    2022-02-01 $891,950 (13.0%) $1,324,890 (-28.0%) 0.00 89
    2022-03-01 $964,250 (37.9%) $1,341,405 (-25.5%) 0.00 106
    2022-04-01 $875,000 (25.7%) $1,239,809 (-28.5%) 0.00 143
    2022-05-01 $838,850 (15.5%) $1,243,287 (-18.7%) 0.00 243
    2022-06-01 $828,500 (8.3%) $1,215,597 (-5.0%) 0.00 371
    2022-07-01 $799,850 (13.1%) $1,243,428 (11.6%) 0.00 466
    2022-08-01 $825,000 (10.0%) $1,242,856 (11.5%) 0.00 499
    2022-09-01 $812,250 (8.4%) $1,252,732 (6.3%) 0.00 472
    2022-10-01 $799,000 (6.8%) $1,218,853 (-5.6%) 0.00 439
    2022-11-01 $799,000 (8.0%) $1,187,414 (-6.2%) 0.00 367
    2022-12-01 $799,500 (7.8%) $1,204,015 (-8.9%) 0.00 325
    2023-01-01 $838,475 (4.9%) $1,231,679 (-9.8%) 0.00 269
    2023-02-01 $849,000 (-4.8%) $1,254,051 (-5.4%) 0.00 264
    2023-03-01 $849,700 (-11.9%) $1,280,440 (-4.5%) 0.00 258
    2023-04-01 $864,900 (-1.2%) $1,296,628 (4.6%) 0.00 256
    2023-05-01 $797,000 (-5.0%) $1,208,488 (-2.8%) 0.00 343
    2023-06-01 $796,250 (-3.9%) $1,222,987 (0.6%) 0.00 450
    2023-07-01 $777,450 (-2.8%) $1,207,759 (-2.9%) 0.00 513
    2023-08-01 $770,500 (-6.6%) $1,197,639 (-3.6%) 0.00 528
    2023-09-01 $775,000 (-4.6%) $1,200,297 (-4.2%) 0.00 491
    2023-10-01 $788,500 (-1.3%) $1,223,434 (0.4%) 0.00 446
    2023-11-01 $795,000 (-0.5%) $1,276,253 (7.5%) 0.00 369
    2023-12-01 $829,000 (3.7%) $1,252,457 (4.0%) 0.00 328
    2024-01-01 $832,000 (-0.8%) $1,256,532 (2.0%) 0.00 308
    2024-02-01 $799,450 (-5.8%) $1,251,434 (-0.2%) 0.00 269
    2024-03-01 $822,500 (-3.2%) $1,307,439 (2.1%) 0.00 294
    2024-04-01 $805,750 (-6.8%) $1,242,803 (-4.2%) 0.00 356
    2024-05-01 $799,000 (0.3%) $1,249,176 (3.4%) 0.00 426
    2024-06-01 $775,000 (-2.7%) $1,227,003 (0.3%) 0.00 498
    2024-07-01 $766,000 (-1.5%) $1,211,027 (0.3%) 0.00 558
    2024-08-01 $784,000 (1.8%) $1,243,564 (3.8%) 0.00 569
    2024-09-01 $788,000 (1.7%) $1,275,823 (6.3%) 0.00 559
    2024-10-01 $799,000 (1.3%) $1,289,747 (5.4%) 0.00 503
    2024-11-01 $822,500 (3.5%) $1,299,680 (1.8%) 0.00 443
    2024-12-01 $822,475 (-0.8%) $1,258,346 (0.5%) 0.00 384
    2025-01-01 $820,000 (-1.4%) $1,252,304 (-0.3%) 0.00 363
    2025-02-01 $835,875 (4.6%) $1,255,301 (0.3%) 0.00 314
    2025-03-01 $849,000 (3.2%) $1,274,449 (-2.5%) 0.00 333
    2025-04-01 $849,250 (5.4%) $1,283,308 (3.3%) 0.00 387
    2025-05-01 $839,500 (5.1%) $1,244,158 (-0.4%) 0.00 497
    Sandpoint's median listing price for 2025-05-01 was $839,500, a difference of $40,500 (5.1%) versus the prior year and $-9,750 versus the prior month.

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

    Sandpoint's average listing price for 2025-05-01 was $1,244,158, a difference of $-5,018 (-0.4%) versus the prior year and $-39,150 versus the prior month.

    For the 2025-05-01 period, Sandpoint had 497 MLS listings, a difference of 110 listings (28%) versus the prior month and 71 listings (17%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sandpoint (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,868 sqft
    2018-02-01 0 days 1,854 sqft
    2018-03-01 0 days 1,876 sqft
    2018-04-01 0 days 1,884 sqft
    2018-05-01 0 days 1,886 sqft
    2018-06-01 0 days 1,914 sqft
    2018-07-01 0 days 1,928 sqft
    2018-08-01 0 days 1,960 sqft
    2018-09-01 0 days 2,059 sqft
    2018-10-01 0 days 2,026 sqft
    2018-11-01 0 days 2,033 sqft
    2018-12-01 0 days 2,056 sqft
    2019-01-01 0 days 2,033 sqft
    2019-02-01 0 days 2,076 sqft
    2019-03-01 0 days 2,069 sqft
    2019-04-01 0 days 2,018 sqft
    2019-05-01 0 days 2,080 sqft
    2019-06-01 0 days 2,050 sqft
    2019-07-01 0 days 1,988 sqft
    2019-08-01 0 days 2,041 sqft
    2019-09-01 0 days 2,122 sqft
    2019-10-01 0 days 2,211 sqft
    2019-11-01 0 days 2,112 sqft
    2019-12-01 0 days 1,964 sqft
    2020-01-01 0 days 1,899 sqft
    2020-02-01 0 days 1,897 sqft
    2020-03-01 0 days 1,990 sqft
    2020-04-01 0 days 1,970 sqft
    2020-05-01 0 days 2,025 sqft
    2020-06-01 0 days 2,065 sqft
    2020-07-01 0 days 2,140 sqft
    2020-08-01 0 days 2,100 sqft
    2020-09-01 0 days 2,075 sqft
    2020-10-01 0 days 2,216 sqft
    2020-11-01 0 days 2,325 sqft
    2020-12-01 0 days 2,339 sqft
    2021-01-01 0 days 2,240 sqft
    2021-02-01 0 days 2,244 sqft
    2021-03-01 0 days 2,180 sqft
    2021-04-01 0 days 2,109 sqft
    2021-05-01 0 days 2,139 sqft
    2021-06-01 0 days 2,009 sqft
    2021-07-01 0 days 2,010 sqft
    2021-08-01 0 days 2,020 sqft
    2021-09-01 0 days 2,032 sqft
    2021-10-01 0 days 2,001 sqft
    2021-11-01 0 days 1,936 sqft
    2021-12-01 0 days 1,966 sqft
    2022-01-01 0 days 1,990 sqft
    2022-02-01 0 days 1,967 sqft
    2022-03-01 0 days 2,054 sqft
    2022-04-01 0 days 1,975 sqft
    2022-05-01 0 days 1,917 sqft
    2022-06-01 0 days 1,874 sqft
    2022-07-01 0 days 1,902 sqft
    2022-08-01 0 days 1,952 sqft
    2022-09-01 0 days 2,000 sqft
    2022-10-01 0 days 2,024 sqft
    2022-11-01 0 days 1,969 sqft
    2022-12-01 0 days 1,866 sqft
    2023-01-01 0 days 1,856 sqft
    2023-02-01 0 days 1,888 sqft
    2023-03-01 0 days 1,900 sqft
    2023-04-01 0 days 2,000 sqft
    2023-05-01 0 days 1,999 sqft
    2023-06-01 0 days 2,012 sqft
    2023-07-01 0 days 1,938 sqft
    2023-08-01 0 days 1,915 sqft
    2023-09-01 0 days 1,936 sqft
    2023-10-01 0 days 2,017 sqft
    2023-11-01 0 days 2,028 sqft
    2023-12-01 0 days 2,016 sqft
    2024-01-01 0 days 2,006 sqft
    2024-02-01 0 days 1,900 sqft
    2024-03-01 0 days 1,915 sqft
    2024-04-01 0 days 1,896 sqft
    2024-05-01 0 days 1,890 sqft
    2024-06-01 0 days 1,844 sqft
    2024-07-01 0 days 1,860 sqft
    2024-08-01 0 days 1,896 sqft
    2024-09-01 0 days 1,913 sqft
    2024-10-01 0 days 1,914 sqft
    2024-11-01 0 days 1,869 sqft
    2024-12-01 0 days 1,874 sqft
    2025-01-01 0 days 1,874 sqft
    2025-02-01 0 days 1,919 sqft
    2025-03-01 0 days 2,050 sqft
    2025-04-01 0 days 2,059 sqft
    2025-05-01 0 days 2,052 sqft
    Sandpoint's median listing age (time on market) for 2025-05-01 was 0 days.

    Sandpoint's median square footage for active listings during the 2025-05-01 period was 2,052 sqft. One year prior, the average listing was 1,890 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).