Twin Falls FHA Loan Rates, Closing Costs & Stats

TWIN FALLS, ID

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Twin Falls's 50 lenders originated 487 FHA loans during 2024. The total origination value was $140,265,000, with an average FHA loan value of $288,018.

    Twin Falls FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Twin Falls averaged 6.29% for the week of 2025-04-11, compared to the national average (all FHA variants) of 6.429% for the same period.

    Twin Falls's average FHA mortgage closing costs are $9,612.

    The average rate for the prior week (2025-04-04) was 6.12% and one month ago for the week of 2025-03-07, the average rate was 6.48%.

    The average rate one year ago was 6.43%.

    For refis of the same type during the week of 2025-04-11, the average rate was 6.11%.

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

    Twin 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 Twin Falls level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    NFM, INC. 48 6.33% $14,071
    CORNERSTONE HOME LENDING, INC. 47 6.23% $15,049
    UNITED WHOLESALE MORTGAGE, LLC 39 5.76% $14,468
    IDAHO CENTRAL 39 6.09% $12,486
    AXIA FINANCIAL, LLC 36 6.54% $12,896
    GUILD MORTGAGE COMPANY 35 6.38% $14,260
    QUICKEN LOANS, LLC 23 6.34% $13,751
    MOVEMENT MORTGAGE, LLC 17 6.29% $13,020
    PREMIER MORTGAGE RESOURCES, L.L.C. 15 6.22% $14,907
    FREEDOM MORTGAGE CORPORATION 12 6.32% $13,828
    PLANET HOME LENDING, LLC 10 6.14% $12,250
    First Federal Savings Bank of Twin Falls 6 6.33% $11,053
    LOANDEPOT.COM, LLC 3 5.62% $15,095
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.67% $14,686
    AMERICAN FINANCING CORPORATION 3 6.17% $13,412
    Plains Commerce Bank 3 6.42% $11,865
    U.S. Bank 3 6.25% $11,761
    Waterstone Mortgage Corporation 3 6.38% $13,872
    AMERISAVE MORTGAGE CORPORATION 2 6.50% $17,143
    BROKER SOLUTIONS, INC. 2 6.94% $13,143
    GUARANTEED RATE, INC. 2 6.62% $15,081
    FIRST COLONY MORTGAGE CORPORATION 2 6.56% $14,550
    LOANPAL, LLC 2 6.37% $11,388
    NEWREZ LLC 2 6.69% $11,063
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.25% $13,885
    S1L, Inc. 2 5.94% $15,330
    CROSSCOUNTRY MORTGAGE, LLC 2 6.25% $12,357
    Nations Lending Corporation 1 6.25% $28,816
    Banner Bank 1 6.13% $16,455
    Barrington Bank & Trust Company, N.A. 1 6.25% $16,444
    CANOPY MORTGAGE, LLC 1 5.75% $19,969
    CASTLE & COOKE MORTGAGE, LLC 1 5.75% $14,397
    CMG MORTGAGE, INC. 1 5.75% $13,190
    Commerce Home Mortgage, Inc. 1 6.00% $27,660
    D. L. Evans Bank 1 5.38% $16,852
    EMBRACE HOME LOANS, INC. 1 5.99% $12,784
    Flagstar Bank, FSB 1 6.13% $10,335
    Franklin Loan Corporation 1 6.25% $12,035
    Glacier Bank 1 6.13% $11,811
    Ixonia Bank 1 5.75% $16,513
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $12,950
    MOUNTAIN AMERICA 1 4.88% $10,741
    OCMBC, INC. 1 7.50% $16,153
    Paramount Residential Mortgage Group, Inc. 1 5.50% $10,441
    PENNYMAC LOAN SERVICES, LLC 1 6.25% $13,468
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.25% $17,081
    SUN WEST MORTGAGE COMPANY, INC. 1 5.75% $15,016
    The Loan Store, Inc. 1 5.38% $12,694
    VERITAS FUNDING, LLC 1 7.00% $14,813
    VILLAGE CAPITAL MORTGAGE 1 6.50% $20,437

    The top Twin Falls FHA lender as defined by loan originations is NFM, INC., with 48 FHA loans originated. Their average total fees are $14,071, which is $978 lower than the next largest lender, CORNERSTONE HOME LENDING, INC..

    The lowest fee Twin Falls FHA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC ($12,250), IDAHO CENTRAL ($12,486), AXIA FINANCIAL, LLC ($12,896), MOVEMENT MORTGAGE, LLC ($13,020) and QUICKEN LOANS, LLC ($13,751).

    The lowest rate Twin Falls FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.76%), IDAHO CENTRAL (6.09%), PLANET HOME LENDING, LLC (6.14%), PREMIER MORTGAGE RESOURCES, L.L.C. (6.22%) and CORNERSTONE HOME LENDING, INC. (6.23%).

    Twin Falls FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Twin 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 $239,900 (14.3%) $296,653 (11.5%) 0.00 344
    2018-02-01 $239,900 (7.4%) $303,662 (11.4%) 0.00 307
    2018-03-01 $249,450 (10.6%) $309,121 (12.8%) 0.00 300
    2018-04-01 $244,968 (2.1%) $303,741 (6.2%) 0.00 315
    2018-05-01 $254,946 (1.3%) $318,482 (6.5%) 0.00 320
    2018-06-01 $249,000 (-0.4%) $314,078 (5.8%) 0.00 375
    2018-07-01 $244,400 (-2.0%) $305,534 (1.8%) 0.00 400
    2018-08-01 $240,325 (-3.6%) $298,885 (-0.5%) 0.00 387
    2018-09-01 $247,945 (-0.4%) $304,169 (2.8%) 0.00 389
    2018-10-01 $247,718 (1.6%) $305,870 (4.7%) 0.00 384
    2018-11-01 $252,425 (5.2%) $308,940 (4.9%) 0.00 362
    2018-12-01 $260,995 (8.8%) $313,554 (7.1%) 0.00 334
    2019-01-01 $252,475 (5.2%) $300,334 (1.2%) 0.00 313
    2019-02-01 $248,600 (3.6%) $304,094 (0.1%) 0.00 304
    2019-03-01 $258,193 (3.5%) $313,982 (1.6%) 0.00 314
    2019-04-01 $261,918 (6.9%) $322,751 (6.3%) 0.00 326
    2019-05-01 $274,750 (7.8%) $331,645 (4.1%) 0.00 342
    2019-06-01 $274,000 (10.0%) $334,647 (6.6%) 0.00 370
    2019-07-01 $264,450 (8.2%) $310,324 (1.6%) 0.00 405
    2019-08-01 $255,291 (6.2%) $308,359 (3.2%) 0.00 409
    2019-09-01 $255,127 (2.9%) $319,008 (4.9%) 0.00 402
    2019-10-01 $255,018 (3.0%) $327,928 (7.2%) 0.00 393
    2019-11-01 $258,900 (2.6%) $331,637 (7.4%) 0.00 373
    2019-12-01 $265,000 (1.5%) $339,923 (8.4%) 0.00 324
    2020-01-01 $262,475 (4.0%) $326,613 (8.8%) 0.00 303
    2020-02-01 $267,201 (7.5%) $332,440 (9.3%) 0.00 285
    2020-03-01 $281,000 (8.8%) $340,044 (8.3%) 0.00 263
    2020-04-01 $278,948 (6.5%) $336,047 (4.1%) 0.00 298
    2020-05-01 $295,000 (7.4%) $361,934 (9.1%) 0.00 269
    2020-06-01 $299,975 (9.5%) $386,243 (15.4%) 0.00 255
    2020-07-01 $301,995 (14.2%) $392,290 (26.4%) 0.00 227
    2020-08-01 $310,000 (21.4%) $400,155 (29.8%) 0.00 197
    2020-09-01 $305,365 (19.7%) $391,224 (22.6%) 0.00 172
    2020-10-01 $300,000 (17.6%) $394,030 (20.2%) 0.00 154
    2020-11-01 $334,475 (29.2%) $411,426 (24.1%) 0.00 146
    2020-12-01 $352,450 (33.0%) $425,984 (25.3%) 0.00 125
    2021-01-01 $358,400 (36.6%) $461,174 (41.2%) 0.00 105
    2021-02-01 $360,460 (34.9%) $471,300 (41.8%) 0.00 80
    2021-03-01 $372,350 (32.5%) $467,486 (37.5%) 0.00 73
    2021-04-01 $369,950 (32.6%) $476,979 (41.9%) 0.00 82
    2021-05-01 $349,950 (18.6%) $458,197 (26.6%) 0.00 99
    2021-06-01 $354,950 (18.3%) $456,821 (18.3%) 0.00 130
    2021-07-01 $350,000 (15.9%) $446,645 (13.9%) 0.00 176
    2021-08-01 $382,000 (23.2%) $482,714 (20.6%) 0.00 224
    2021-09-01 $376,125 (23.2%) $480,178 (22.7%) 0.00 208
    2021-10-01 $380,950 (27.0%) $513,570 (30.3%) 0.00 178
    2021-11-01 $406,200 (21.4%) $527,682 (28.3%) 0.00 139
    2021-12-01 $407,450 (15.6%) $536,532 (26.0%) 0.00 128
    2022-01-01 $434,800 (21.3%) $561,303 (21.7%) 0.00 120
    2022-02-01 $475,735 (32.0%) $572,139 (21.4%) 0.00 128
    2022-03-01 $469,860 (26.2%) $548,868 (17.4%) 0.00 152
    2022-04-01 $460,000 (24.3%) $518,775 (8.8%) 0.00 174
    2022-05-01 $459,900 (31.4%) $540,791 (18.0%) 0.00 225
    2022-06-01 $467,450 (31.7%) $534,709 (17.1%) 0.00 282
    2022-07-01 $455,500 (30.1%) $532,907 (19.3%) 0.00 384
    2022-08-01 $449,750 (17.7%) $530,692 (9.9%) 0.00 425
    2022-09-01 $436,750 (16.1%) $520,075 (8.3%) 0.00 449
    2022-10-01 $430,000 (12.9%) $513,969 (0.1%) 0.00 447
    2022-11-01 $429,225 (5.7%) $500,116 (-5.2%) 0.00 453
    2022-12-01 $415,000 (1.9%) $485,675 (-9.5%) 0.00 421
    2023-01-01 $417,463 (-4.0%) $485,253 (-13.6%) 0.00 388
    2023-02-01 $421,500 (-11.4%) $495,561 (-13.4%) 0.00 356
    2023-03-01 $432,498 (-8.0%) $514,653 (-6.2%) 0.00 330
    2023-04-01 $440,995 (-4.1%) $521,741 (0.6%) 0.00 330
    2023-05-01 $441,725 (-4.0%) $523,968 (-3.1%) 0.00 341
    2023-06-01 $449,500 (-3.8%) $526,022 (-1.6%) 0.00 356
    2023-07-01 $449,900 (-1.2%) $525,180 (-1.5%) 0.00 364
    2023-08-01 $442,950 (-1.5%) $535,828 (1.0%) 0.00 370
    2023-09-01 $436,000 (-0.2%) $526,672 (1.3%) 0.00 394
    2023-10-01 $416,000 (-3.3%) $506,738 (-1.4%) 0.00 401
    2023-11-01 $409,550 (-4.6%) $498,154 (-0.4%) 0.00 402
    2023-12-01 $409,900 (-1.2%) $501,692 (3.3%) 0.00 382
    2024-01-01 $402,450 (-3.6%) $504,676 (4.0%) 0.00 334
    2024-02-01 $410,000 (-2.7%) $506,656 (2.2%) 0.00 335
    2024-03-01 $409,450 (-5.3%) $502,480 (-2.4%) 0.00 329
    2024-04-01 $416,635 (-5.5%) $516,795 (-1.0%) 0.00 343
    2024-05-01 $419,900 (-4.9%) $527,805 (0.7%) 0.00 363
    2024-06-01 $425,000 (-5.5%) $529,264 (0.6%) 0.00 402
    2024-07-01 $449,950 (0.0%) $547,280 (4.2%) 0.00 431
    2024-08-01 $442,500 (-0.1%) $535,651 (0.0%) 0.00 452
    2024-09-01 $439,900 (0.9%) $553,808 (5.2%) 0.00 476
    2024-10-01 $439,950 (5.8%) $555,146 (9.6%) 0.00 453
    2024-11-01 $430,000 (5.0%) $552,959 (11.0%) 0.00 428
    2024-12-01 $420,000 (2.5%) $550,956 (9.8%) 0.00 396
    2025-01-01 $422,400 (5.0%) $552,166 (9.4%) 0.00 374
    2025-02-01 $424,975 (3.7%) $548,006 (8.2%) 0.00 370
    2025-03-01 $434,900 (6.2%) $546,006 (8.7%) 0.00 400
    Twin Falls's median listing price for 2025-03-01 was $434,900, a difference of $25,450 (6.2%) versus the prior year and $9,925 versus the prior month.

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

    Twin Falls's average listing price for 2025-03-01 was $546,006, a difference of $43,526 (8.7%) versus the prior year and $-2,000 versus the prior month.

    For the 2025-03-01 period, Twin Falls had 400 MLS listings, a difference of 30 listings (8%) versus the prior month and 71 listings (22%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Twin 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 2,072 sqft
    2018-02-01 0 days 2,061 sqft
    2018-03-01 0 days 2,076 sqft
    2018-04-01 0 days 2,072 sqft
    2018-05-01 0 days 2,194 sqft
    2018-06-01 0 days 2,076 sqft
    2018-07-01 0 days 2,029 sqft
    2018-08-01 0 days 1,933 sqft
    2018-09-01 0 days 1,932 sqft
    2018-10-01 0 days 1,927 sqft
    2018-11-01 0 days 1,927 sqft
    2018-12-01 0 days 2,050 sqft
    2019-01-01 0 days 1,993 sqft
    2019-02-01 0 days 1,950 sqft
    2019-03-01 0 days 1,976 sqft
    2019-04-01 0 days 1,976 sqft
    2019-05-01 0 days 2,041 sqft
    2019-06-01 0 days 2,053 sqft
    2019-07-01 0 days 1,990 sqft
    2019-08-01 0 days 1,950 sqft
    2019-09-01 0 days 1,961 sqft
    2019-10-01 0 days 1,985 sqft
    2019-11-01 0 days 2,027 sqft
    2019-12-01 0 days 2,009 sqft
    2020-01-01 0 days 2,021 sqft
    2020-02-01 0 days 2,036 sqft
    2020-03-01 0 days 2,047 sqft
    2020-04-01 0 days 2,053 sqft
    2020-05-01 0 days 2,112 sqft
    2020-06-01 0 days 2,200 sqft
    2020-07-01 0 days 2,215 sqft
    2020-08-01 0 days 2,197 sqft
    2020-09-01 0 days 2,094 sqft
    2020-10-01 0 days 2,072 sqft
    2020-11-01 0 days 2,172 sqft
    2020-12-01 0 days 2,105 sqft
    2021-01-01 0 days 2,129 sqft
    2021-02-01 0 days 2,151 sqft
    2021-03-01 0 days 2,247 sqft
    2021-04-01 0 days 2,311 sqft
    2021-05-01 0 days 2,045 sqft
    2021-06-01 0 days 1,907 sqft
    2021-07-01 0 days 1,910 sqft
    2021-08-01 0 days 1,950 sqft
    2021-09-01 0 days 1,938 sqft
    2021-10-01 0 days 2,012 sqft
    2021-11-01 0 days 2,020 sqft
    2021-12-01 0 days 1,986 sqft
    2022-01-01 0 days 2,084 sqft
    2022-02-01 0 days 2,014 sqft
    2022-03-01 0 days 1,936 sqft
    2022-04-01 0 days 1,911 sqft
    2022-05-01 0 days 1,910 sqft
    2022-06-01 0 days 1,926 sqft
    2022-07-01 0 days 1,904 sqft
    2022-08-01 0 days 1,947 sqft
    2022-09-01 0 days 1,923 sqft
    2022-10-01 0 days 1,928 sqft
    2022-11-01 0 days 1,910 sqft
    2022-12-01 0 days 1,898 sqft
    2023-01-01 0 days 1,910 sqft
    2023-02-01 0 days 1,912 sqft
    2023-03-01 0 days 2,002 sqft
    2023-04-01 0 days 2,029 sqft
    2023-05-01 0 days 2,008 sqft
    2023-06-01 0 days 2,058 sqft
    2023-07-01 0 days 2,100 sqft
    2023-08-01 0 days 2,068 sqft
    2023-09-01 0 days 2,034 sqft
    2023-10-01 0 days 1,931 sqft
    2023-11-01 0 days 1,922 sqft
    2023-12-01 0 days 1,906 sqft
    2024-01-01 0 days 1,913 sqft
    2024-02-01 0 days 1,908 sqft
    2024-03-01 0 days 1,874 sqft
    2024-04-01 0 days 1,896 sqft
    2024-05-01 0 days 1,925 sqft
    2024-06-01 0 days 1,953 sqft
    2024-07-01 0 days 2,022 sqft
    2024-08-01 0 days 2,044 sqft
    2024-09-01 0 days 1,984 sqft
    2024-10-01 0 days 1,999 sqft
    2024-11-01 0 days 1,980 sqft
    2024-12-01 0 days 1,923 sqft
    2025-01-01 0 days 1,934 sqft
    2025-02-01 0 days 1,914 sqft
    2025-03-01 0 days 1,888 sqft
    Twin Falls's median listing age (time on market) for 2025-03-01 was 0 days.

    Twin Falls's median square footage for active listings during the 2025-03-01 period was 1,888 sqft. One year prior, the average listing was 1,874 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).