Blackfoot USDA Loan Rates, Closing Costs & Stats
Blackfoot, ID
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
6.67%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Blackfoot's average USDA mortgage closing costs are $6,525.
The average rate for the prior week (2024-04-12) was
6.32% and
one month ago for the week of 2024-03-15, the
average rate was 6.2%.
The average rate one year ago was 6.24%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.66%.
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 |
Blackfoot's median listing price comes in at 0% of the national average.
Blackfoot's average listing price for 2024-03-01 was $485,699, a difference of $-25,244 (-4.9%) versus the prior year and $14,676 versus the prior month.
For the 2024-03-01 period, Blackfoot had 78 MLS listings, a difference of -7 listings (-8%) versus the prior month and 11 listings (16%) 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 |
Blackfoot's median square footage for active listings during the 2024-03-01 period was 2,499 sqft. One year prior, the average listing was 2,836 sqft.