Blackfoot USDA Loan Rates, Closing Costs & Stats

Blackfoot, ID

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Blackfoot's 12 lenders originated 17 USDA loans during 2023. The total origination value was $4,495,000, with an average USDA loan value of $264,412.

    Blackfoot USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Blackfoot averaged 5.91% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Blackfoot's average USDA mortgage closing costs are $6,525.

    The average rate for the prior week (2024-12-06) was 5.84% and one month ago for the week of 2024-11-08, the average rate was 6.16%.

    The average rate one year ago was 6.33%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.5%.

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

    Blackfoot USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Blackfoot level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FIRST COLONY MORTGAGE CORPORATION 2 6.06% $4,306
    CANOPY MORTGAGE, LLC 2 5.62% $15,363
    Eagle Bank and Trust Company 2 5.38% $8,297
    UNITED WHOLESALE MORTGAGE, LLC 2 5.88% $6,890
    GUILD MORTGAGE COMPANY 1 6.88% $10,088
    IDAHO CENTRAL 1 6.50% $7,667
    MANN FINANCIAL INC. 1 5.50% $7,363
    MOVEMENT MORTGAGE, LLC 1 7.25% $9,273
    Flagstar Bank, FSB 1 6.25% $9,050
    BELEM SERVICING LLC 1 5.75% $10,949
    CARDINAL FINANCIAL 1 5.50% $7,003
    Bank of Idaho 1 5.50% $10,114

    The top Blackfoot USDA lender as defined by loan originations is FIRST COLONY MORTGAGE CORPORATION, with 2 USDA loans originated. Their average total fees are $4,306, which is $11,057 lower than the next largest lender, CANOPY MORTGAGE, LLC.

    The lowest fee Blackfoot USDA lenders (with over 10 loans originated) are .

    The lowest rate Blackfoot USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Blackfoot (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 $155,650 (-1.5%) $246,372 (13.4%) 0.00 83
    2018-02-01 $160,625 (2.6%) $269,517 (21.6%) 0.00 72
    2018-03-01 $186,000 (12.1%) $309,558 (32.9%) 0.00 71
    2018-04-01 $189,500 (11.5%) $299,319 (23.6%) 0.00 69
    2018-05-01 $189,250 (8.4%) $293,643 (20.8%) 0.00 78
    2018-06-01 $205,000 (20.8%) $285,155 (22.6%) 0.00 86
    2018-07-01 $220,938 (42.6%) $256,883 (15.5%) 0.00 94
    2018-08-01 $197,000 (34.3%) $283,671 (29.2%) 0.00 95
    2018-09-01 $194,900 (30.8%) $283,241 (28.1%) 0.00 96
    2018-10-01 $201,150 (38.8%) $299,211 (39.1%) 0.00 93
    2018-11-01 $200,000 (30.3%) $315,830 (28.3%) 0.00 85
    2018-12-01 $217,000 (42.8%) $331,287 (37.5%) 0.00 70
    2019-01-01 $214,900 (38.1%) $333,546 (35.4%) 0.00 70
    2019-02-01 $215,675 (34.3%) $343,846 (27.6%) 0.00 64
    2019-03-01 $224,150 (20.5%) $349,920 (13.0%) 0.00 54
    2019-04-01 $253,350 (33.7%) $347,322 (16.0%) 0.00 49
    2019-05-01 $337,250 (78.2%) $410,978 (40.0%) 0.00 59
    2019-06-01 $275,000 (34.2%) $369,921 (29.7%) 0.00 81
    2019-07-01 $247,675 (12.1%) $312,819 (21.8%) 0.00 96
    2019-08-01 $248,055 (25.9%) $322,614 (13.7%) 0.00 96
    2019-09-01 $251,961 (29.3%) $339,510 (19.9%) 0.00 93
    2019-10-01 $260,000 (29.3%) $356,940 (19.3%) 0.00 91
    2019-11-01 $267,000 (33.5%) $387,220 (22.6%) 0.00 82
    2019-12-01 $274,875 (26.7%) $415,889 (25.5%) 0.00 77
    2020-01-01 $284,950 (32.6%) $429,678 (28.8%) 0.00 59
    2020-02-01 $292,500 (35.6%) $416,229 (21.1%) 0.00 58
    2020-03-01 $331,650 (48.0%) $437,627 (25.1%) 0.00 48
    2020-04-01 $317,125 (25.2%) $401,747 (15.7%) 0.00 54
    2020-05-01 $271,950 (-19.4%) $359,020 (-12.6%) 0.00 65
    2020-06-01 $289,000 (5.1%) $409,739 (10.8%) 0.00 65
    2020-07-01 $279,950 (13.0%) $405,530 (29.6%) 0.00 56
    2020-08-01 $318,000 (28.2%) $402,784 (24.9%) 0.00 47
    2020-09-01 $228,750 (-9.2%) $362,885 (6.9%) 0.00 37
    2020-10-01 $300,450 (15.6%) $373,344 (4.6%) 0.00 40
    2020-11-01 $293,950 (10.1%) $350,159 (-9.6%) 0.00 29
    2020-12-01 $314,750 (14.5%) $324,209 (-22.0%) 0.00 25
    2021-01-01 $305,200 (7.1%) $290,674 (-32.4%) 0.00 21
    2021-02-01 $307,950 (5.3%) $301,950 (-27.5%) 0.00 18
    2021-03-01 $326,125 (-1.7%) $345,507 (-21.1%) 0.00 22
    2021-04-01 $356,250 (12.3%) $390,934 (-2.7%) 0.00 24
    2021-05-01 $367,500 (35.1%) $450,229 (25.4%) 0.00 29
    2021-06-01 $409,950 (41.9%) $496,424 (21.2%) 0.00 34
    2021-07-01 $432,000 (54.3%) $499,337 (23.1%) 0.00 40
    2021-08-01 $380,500 (19.7%) $397,500 (-1.3%) 0.00 50
    2021-09-01 $380,000 (66.1%) $425,650 (17.3%) 0.00 56
    2021-10-01 $380,000 (26.5%) $424,900 (13.8%) 0.00 50
    2021-11-01 $405,000 (37.8%) $468,807 (33.9%) 0.00 49
    2021-12-01 $417,375 (32.6%) $475,447 (46.7%) 0.00 42
    2022-01-01 $477,000 (56.3%) $542,811 (86.7%) 0.00 34
    2022-02-01 $466,250 (51.4%) $510,127 (68.9%) 0.00 30
    2022-03-01 $480,000 (47.2%) $526,682 (52.4%) 0.00 37
    2022-04-01 $467,500 (31.2%) $496,091 (26.9%) 0.00 48
    2022-05-01 $466,750 (27.0%) $534,553 (18.7%) 0.00 62
    2022-06-01 $462,450 (12.8%) $528,216 (6.4%) 0.00 90
    2022-07-01 $449,950 (4.2%) $527,328 (5.6%) 0.00 109
    2022-08-01 $447,500 (17.6%) $535,548 (34.7%) 0.00 100
    2022-09-01 $454,900 (19.7%) $537,334 (26.2%) 0.00 103
    2022-10-01 $447,000 (17.6%) $510,639 (20.2%) 0.00 108
    2022-11-01 $442,500 (9.3%) $493,021 (5.2%) 0.00 106
    2022-12-01 $420,000 (0.6%) $468,775 (-1.4%) 0.00 89
    2023-01-01 $417,450 (-12.5%) $478,780 (-11.8%) 0.00 85
    2023-02-01 $422,450 (-9.4%) $483,784 (-5.2%) 0.00 84
    2023-03-01 $438,500 (-8.7%) $510,943 (-3.0%) 0.00 67
    2023-04-01 $445,000 (-4.8%) $529,475 (6.7%) 0.00 70
    2023-05-01 $492,500 (5.5%) $542,529 (1.5%) 0.00 83
    2023-06-01 $479,000 (3.6%) $536,198 (1.5%) 0.00 98
    2023-07-01 $480,000 (6.7%) $548,498 (4.0%) 0.00 95
    2023-08-01 $480,750 (7.4%) $556,633 (3.9%) 0.00 98
    2023-09-01 $472,000 (3.8%) $562,013 (4.6%) 0.00 102
    2023-10-01 $444,950 (-0.5%) $523,343 (2.5%) 0.00 108
    2023-11-01 $437,000 (-1.2%) $526,640 (6.8%) 0.00 113
    2023-12-01 $412,000 (-1.9%) $506,292 (8.0%) 0.00 96
    2024-01-01 $409,000 (-2.0%) $480,309 (0.3%) 0.00 80
    2024-02-01 $399,500 (-5.4%) $471,023 (-2.6%) 0.00 85
    2024-03-01 $412,000 (-6.0%) $485,699 (-4.9%) 0.00 78
    2024-04-01 $404,625 (-9.1%) $479,995 (-9.3%) 0.00 86
    2024-05-01 $450,000 (-8.6%) $538,717 (-0.7%) 0.00 80
    2024-06-01 $475,000 (-0.8%) $539,250 (0.6%) 0.00 104
    2024-07-01 $449,925 (-6.3%) $520,717 (-5.1%) 0.00 121
    2024-08-01 $449,900 (-6.4%) $510,786 (-8.2%) 0.00 118
    2024-09-01 $444,500 (-5.8%) $505,538 (-10.1%) 0.00 110
    2024-10-01 $409,825 (-7.9%) $495,982 (-5.2%) 0.00 126
    2024-11-01 $416,250 (-4.8%) $513,157 (-2.6%) 0.00 123
    Blackfoot's median listing price for 2024-11-01 was $416,250, a difference of $-20,750 (-4.8%) versus the prior year and $6,425 versus the prior month.

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

    Blackfoot's average listing price for 2024-11-01 was $513,157, a difference of $-13,483 (-2.6%) versus the prior year and $17,175 versus the prior month.

    For the 2024-11-01 period, Blackfoot had 123 MLS listings, a difference of -3 listings (-2%) versus the prior month and 10 listings (9%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Blackfoot (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,287 sqft
    2018-02-01 0 days 2,270 sqft
    2018-03-01 0 days 2,332 sqft
    2018-04-01 0 days 2,370 sqft
    2018-05-01 0 days 2,347 sqft
    2018-06-01 0 days 2,650 sqft
    2018-07-01 0 days 2,678 sqft
    2018-08-01 0 days 2,450 sqft
    2018-09-01 0 days 2,377 sqft
    2018-10-01 0 days 2,477 sqft
    2018-11-01 0 days 2,666 sqft
    2018-12-01 0 days 2,649 sqft
    2019-01-01 0 days 2,649 sqft
    2019-02-01 0 days 2,641 sqft
    2019-03-01 0 days 2,648 sqft
    2019-04-01 0 days 2,716 sqft
    2019-05-01 0 days 3,058 sqft
    2019-06-01 0 days 2,886 sqft
    2019-07-01 0 days 2,738 sqft
    2019-08-01 0 days 2,574 sqft
    2019-09-01 0 days 2,536 sqft
    2019-10-01 0 days 2,534 sqft
    2019-11-01 0 days 2,600 sqft
    2019-12-01 0 days 2,776 sqft
    2020-01-01 0 days 2,700 sqft
    2020-02-01 0 days 2,488 sqft
    2020-03-01 0 days 2,500 sqft
    2020-04-01 0 days 2,557 sqft
    2020-05-01 0 days 2,494 sqft
    2020-06-01 0 days 2,544 sqft
    2020-07-01 0 days 2,410 sqft
    2020-08-01 0 days 2,549 sqft
    2020-09-01 0 days 2,261 sqft
    2020-10-01 0 days 2,528 sqft
    2020-11-01 0 days 2,268 sqft
    2020-12-01 0 days 2,132 sqft
    2021-01-01 0 days 1,919 sqft
    2021-02-01 0 days 1,869 sqft
    2021-03-01 0 days 2,028 sqft
    2021-04-01 0 days 2,464 sqft
    2021-05-01 0 days 2,477 sqft
    2021-06-01 0 days 2,496 sqft
    2021-07-01 0 days 2,645 sqft
    2021-08-01 0 days 2,492 sqft
    2021-09-01 0 days 2,611 sqft
    2021-10-01 0 days 2,374 sqft
    2021-11-01 0 days 2,448 sqft
    2021-12-01 0 days 2,504 sqft
    2022-01-01 0 days 2,675 sqft
    2022-02-01 0 days 2,307 sqft
    2022-03-01 0 days 2,521 sqft
    2022-04-01 0 days 2,310 sqft
    2022-05-01 0 days 2,541 sqft
    2022-06-01 0 days 2,623 sqft
    2022-07-01 0 days 2,621 sqft
    2022-08-01 0 days 2,600 sqft
    2022-09-01 0 days 2,641 sqft
    2022-10-01 0 days 2,761 sqft
    2022-11-01 0 days 2,730 sqft
    2022-12-01 0 days 2,625 sqft
    2023-01-01 0 days 2,595 sqft
    2023-02-01 0 days 2,682 sqft
    2023-03-01 0 days 2,836 sqft
    2023-04-01 0 days 2,800 sqft
    2023-05-01 0 days 2,960 sqft
    2023-06-01 0 days 2,836 sqft
    2023-07-01 0 days 2,934 sqft
    2023-08-01 0 days 2,937 sqft
    2023-09-01 0 days 2,934 sqft
    2023-10-01 0 days 2,866 sqft
    2023-11-01 0 days 2,856 sqft
    2023-12-01 0 days 2,800 sqft
    2024-01-01 0 days 2,600 sqft
    2024-02-01 0 days 2,515 sqft
    2024-03-01 0 days 2,499 sqft
    2024-04-01 0 days 2,574 sqft
    2024-05-01 0 days 2,748 sqft
    2024-06-01 0 days 2,864 sqft
    2024-07-01 0 days 2,794 sqft
    2024-08-01 0 days 2,678 sqft
    2024-09-01 0 days 2,609 sqft
    2024-10-01 0 days 2,582 sqft
    2024-11-01 0 days 2,436 sqft
    Blackfoot's median listing age (time on market) for 2024-11-01 was 0 days.

    Blackfoot's median square footage for active listings during the 2024-11-01 period was 2,436 sqft. One year prior, the average listing was 2,856 sqft.