Twin Falls FHA Loan Rates, Closing Costs & Stats
TWIN FALLS, ID
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 46 lenders originated 407 FHA loans during 2023. The total origination value was $110,685,000, with an average FHA loan value of $271,953.
Twin Falls FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Twin Falls
averaged
-0.14%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Twin Falls's average FHA mortgage closing costs are $9,012.
The average rate for the prior week (2024-11-22) was
6.45% and
one month ago for the week of 2024-10-25, the
average rate was 6.03%.
The average rate one year ago was 6.62%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.02%.
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.
The top Twin Falls FHA lender as defined by loan originations is AXIA FINANCIAL, LLC, with
49 FHA loans originated. Their average total fees are
$11,524, which is $2,266
lower than the next largest lender,
CORNERSTONE HOME LENDING, INC..
The lowest fee Twin Falls FHA lenders (with over 10 loans originated) are
AXIA FINANCIAL, LLC ($11,524), GUILD MORTGAGE COMPANY ($12,169), IDAHO CENTRAL ($12,220), QUICKEN LOANS, LLC ($12,821) and NFM, INC. ($13,051).
The lowest rate Twin Falls FHA lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (5.90%), QUICKEN LOANS, LLC (5.99%), IDAHO CENTRAL (6.13%), CORNERSTONE HOME LENDING, INC. (6.37%) and PREMIER MORTGAGE RESOURCES, L.L.C. (6.51%).
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. LouisDate | 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 (-3.7%) | $298,885 (-0.6%) | 0.00 | 387 |
2018-09-01 | $247,990 (-0.4%) | $304,527 (3.0%) | 0.00 | 388 |
2018-10-01 | $247,993 (1.7%) | $306,243 (4.9%) | 0.00 | 383 |
2018-11-01 | $252,450 (5.2%) | $309,146 (5.0%) | 0.00 | 361 |
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 (4.8%) | 0.00 | 402 |
2019-10-01 | $255,018 (2.8%) | $327,928 (7.1%) | 0.00 | 393 |
2019-11-01 | $258,900 (2.6%) | $331,637 (7.3%) | 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 | $362,900 (38.3%) | $461,174 (41.2%) | 0.00 | 105 |
2021-02-01 | $358,960 (34.3%) | $469,438 (41.2%) | 0.00 | 79 |
2021-03-01 | $370,250 (31.8%) | $464,481 (36.6%) | 0.00 | 72 |
2021-04-01 | $371,225 (33.1%) | $478,109 (42.3%) | 0.00 | 81 |
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 (19.8%) | $561,303 (21.7%) | 0.00 | 120 |
2022-02-01 | $475,735 (32.5%) | $572,139 (21.9%) | 0.00 | 128 |
2022-03-01 | $469,860 (26.9%) | $548,868 (18.2%) | 0.00 | 152 |
2022-04-01 | $460,000 (23.9%) | $518,775 (8.5%) | 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 | $441,990 (-3.9%) | $521,741 (0.6%) | 0.00 | 330 |
2023-05-01 | $441,950 (-3.9%) | $524,256 (-3.1%) | 0.00 | 342 |
2023-06-01 | $450,600 (-3.6%) | $526,284 (-1.6%) | 0.00 | 357 |
2023-07-01 | $449,900 (-1.2%) | $525,445 (-1.4%) | 0.00 | 365 |
2023-08-01 | $443,475 (-1.4%) | $536,059 (1.0%) | 0.00 | 371 |
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 (-5.7%) | $516,795 (-1.0%) | 0.00 | 343 |
2024-05-01 | $419,900 (-5.0%) | $528,887 (0.9%) | 0.00 | 363 |
2024-06-01 | $429,900 (-4.6%) | $529,264 (0.6%) | 0.00 | 403 |
2024-07-01 | $449,950 (0.0%) | $547,280 (4.2%) | 0.00 | 431 |
2024-08-01 | $442,500 (-0.2%) | $535,651 (-0.1%) | 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 |
Twin Falls's median listing price comes in at 0% of the national average.
Twin Falls's average listing price for 2024-10-01 was $555,146, a difference of $48,408 (9.6%) versus the prior year and $1,338 versus the prior month.
For the 2024-10-01 period, Twin Falls had 453 MLS listings, a difference of -23 listings (-5%) versus the prior month and 52 listings (13%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Twin Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 1,934 sqft |
2018-10-01 | 0 days | 1,929 sqft |
2018-11-01 | 0 days | 1,932 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 | 2,231 sqft |
2021-04-01 | 0 days | 2,319 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 | 2,032 sqft |
2023-05-01 | 0 days | 2,012 sqft |
2023-06-01 | 0 days | 2,061 sqft |
2023-07-01 | 0 days | 2,103 sqft |
2023-08-01 | 0 days | 2,073 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 | 1,956 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 |
Twin Falls's median square footage for active listings during the 2024-10-01 period was 1,999 sqft. One year prior, the average listing was 1,931 sqft.