Boise City USDA Loan Rates, Closing Costs & Stats

BOISE CITY, ID

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

    • 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.

    Boise City's 11 lenders originated 15 USDA loans during 2022. The total origination value was $5,475,000, with an average USDA loan value of $365,000.

    Boise City USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Boise City averaged 6.18% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

    Boise City's average USDA mortgage closing costs are $7,512.

    The average rate for the prior week (2023-05-19) was 5.82% and one month ago for the week of 2023-04-21, the average rate was 5.63%.

    The average rate one year ago was 4.75%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.21%.

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

    Boise City 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 Boise City level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 3 4.89% $16,718
    CMG MORTGAGE, INC. 1 4.00% $20,503
    EMBRACE HOME LOANS, INC. 1 3.75% $8,742
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.63% $14,878
    Gateway First Bank 1 4.13% $9,907
    Bank of Idaho 1 3.38% $6,623
    IDAHO CENTRAL 1 3.63% $10,975
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.63% $12,652
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.25% $13,631
    SUMMIT FUNDING, INC. 1 5.50% $14,788
    HOME POINT FINANCIAL CORPORATION 1 3.75% $6,658

    The top Boise City USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 3 USDA loans originated. Their average total fees are $16,718, which is $3,785 lower than the next largest lender, CMG MORTGAGE, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Boise City (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 $299,495 (15.3%) $375,872 (15.1%) 1.11 2,217
    2018-02-01 $313,000 (17.3%) $392,118 (17.7%) 1.14 1,945
    2018-03-01 $318,995 (15.7%) $399,375 (14.3%) 1.12 1,934
    2018-04-01 $329,950 (14.2%) $413,893 (14.4%) 1.12 1,956
    2018-05-01 $341,243 (17.1%) $427,988 (14.8%) 1.14 2,033
    2018-06-01 $343,990 (18.6%) $424,503 (14.1%) 1.15 2,228
    2018-07-01 $343,020 (19.9%) $424,092 (15.8%) 1.15 2,336
    2018-08-01 $343,945 (21.5%) $419,045 (14.9%) 1.15 2,465
    2018-09-01 $339,000 (19.0%) $410,626 (11.7%) 1.14 2,744
    2018-10-01 $333,400 (15.0%) $412,428 (10.5%) 1.13 2,931
    2018-11-01 $334,450 (13.2%) $417,975 (10.6%) 1.13 2,833
    2018-12-01 $336,990 (12.7%) $420,220 (10.8%) 1.16 2,526
    2019-01-01 $339,000 (13.2%) $423,886 (12.8%) 1.17 2,305
    2019-02-01 $339,945 (8.6%) $430,836 (9.9%) 1.15 2,233
    2019-03-01 $349,900 (9.7%) $436,411 (9.3%) 1.17 2,210
    2019-04-01 $360,652 (9.3%) $443,441 (7.1%) 1.15 2,237
    2019-05-01 $368,950 (8.1%) $453,677 (6.0%) 1.15 2,390
    2019-06-01 $373,737 (8.7%) $460,433 (8.5%) 1.17 2,592
    2019-07-01 $374,313 (9.1%) $461,019 (8.7%) 1.17 2,740
    2019-08-01 $384,700 (11.9%) $477,159 (13.9%) 1.21 2,656
    2019-09-01 $380,578 (12.3%) $471,705 (14.9%) 1.20 2,459
    2019-10-01 $359,900 (8.0%) $445,707 (8.1%) 1.16 2,968
    2019-11-01 $364,957 (9.1%) $446,819 (6.9%) 1.20 2,719
    2019-12-01 $366,932 (8.9%) $447,844 (6.6%) 1.22 2,395
    2020-01-01 $369,900 (9.1%) $448,968 (5.9%) 1.24 2,127
    2020-02-01 $378,823 (11.4%) $459,277 (6.6%) 1.24 1,912
    2020-03-01 $384,223 (9.8%) $478,372 (9.6%) 1.20 1,856
    2020-04-01 $386,450 (7.2%) $478,070 (7.8%) 1.21 2,283
    2020-05-01 $389,900 (5.7%) $487,392 (7.4%) 1.19 2,313
    2020-06-01 $394,368 (5.5%) $494,584 (7.4%) 1.16 1,898
    2020-07-01 $399,950 (6.9%) $512,743 (11.2%) 1.16 1,475
    2020-08-01 $399,995 (4.0%) $523,247 (9.7%) 1.15 1,171
    2020-09-01 $407,990 (7.2%) $535,598 (13.5%) 1.17 973
    2020-10-01 $425,000 (18.1%) $546,599 (22.6%) 1.22 869
    2020-11-01 $441,676 (21.0%) $572,456 (28.1%) 1.29 766
    2020-12-01 $436,500 (19.0%) $556,074 (24.2%) 1.30 670
    2021-01-01 $444,995 (20.3%) $584,527 (30.2%) 1.33 560
    2021-02-01 $469,316 (23.9%) $607,218 (32.2%) 1.36 523
    2021-03-01 $477,500 (24.3%) $620,704 (29.8%) 1.35 630
    2021-04-01 $487,378 (26.1%) $644,365 (34.8%) 1.32 733
    2021-05-01 $519,000 (33.1%) $691,614 (41.9%) 1.38 916
    2021-06-01 $535,858 (35.9%) $692,963 (40.1%) 1.41 1,247
    2021-07-01 $539,900 (35.0%) $685,613 (33.7%) 1.42 1,571
    2021-08-01 $533,675 (33.4%) $672,196 (28.5%) 1.42 1,958
    2021-09-01 $525,748 (28.9%) $661,304 (23.5%) 1.40 2,213
    2021-10-01 $529,990 (24.7%) $662,278 (21.2%) 1.41 2,199
    2021-11-01 $532,700 (20.6%) $675,236 (18.0%) 1.42 1,936
    2021-12-01 $542,495 (24.3%) $680,538 (22.4%) 1.47 1,488
    2022-01-01 $559,900 (25.8%) $697,780 (19.4%) 1.51 1,086
    2022-02-01 $587,438 (25.2%) $739,835 (21.8%) 1.53 903
    2022-03-01 $592,500 (24.1%) $759,331 (22.3%) 1.48 1,019
    2022-04-01 $614,900 (26.2%) $774,811 (20.2%) 1.47 1,246
    2022-05-01 $619,900 (19.4%) $786,178 (13.7%) 1.42 1,994
    2022-06-01 $586,950 (9.5%) $737,464 (6.4%) 1.31 2,927
    2022-07-01 $569,000 (5.4%) $707,144 (3.1%) 1.29 3,732
    2022-08-01 $552,748 (3.6%) $688,139 (2.4%) 1.28 4,002
    2022-09-01 $549,900 (4.6%) $682,296 (3.2%) 1.29 4,055
    2022-10-01 $539,900 (1.9%) $676,180 (2.1%) 1.27 3,965
    2022-11-01 $522,493 (-1.9%) $665,653 (-1.4%) 1.26 3,625
    2022-12-01 $515,000 (-5.1%) $662,041 (-2.7%) 1.27 3,102
    2023-01-01 $524,900 (-6.3%) $661,321 (-5.2%) 1.30 2,490
    2023-02-01 $554,894 (-5.5%) $698,513 (-5.6%) 1.34 2,045
    2023-03-01 $574,945 (-3.0%) $726,689 (-4.3%) 1.35 1,943
    2023-04-01 $584,950 (-4.9%) $752,812 (-2.8%) 1.36 1,951
    Boise City's median listing price for 2023-04-01 was $584,950, a difference of $-29,950 (-4.9%) versus the prior year and $10,005 versus the prior month.

    Boise City's median listing price comes in at 136% of the national average.

    Boise City's average listing price for 2023-04-01 was $752,812, a difference of $-21,999 (-2.8%) versus the prior year and $26,123 versus the prior month.

    For the 2023-04-01 period, Boise City had 1,951 MLS listings, a difference of 8 listings (0%) versus the prior month and 705 listings (57%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Boise City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 60 days 2,238 sqft
    2018-02-01 42 days 2,278 sqft
    2018-03-01 29 days 2,228 sqft
    2018-04-01 26 days 2,196 sqft
    2018-05-01 23 days 2,224 sqft
    2018-06-01 25 days 2,224 sqft
    2018-07-01 29 days 2,219 sqft
    2018-08-01 31 days 2,195 sqft
    2018-09-01 33 days 2,141 sqft
    2018-10-01 38 days 2,128 sqft
    2018-11-01 44 days 2,119 sqft
    2018-12-01 52 days 2,120 sqft
    2019-01-01 56 days 2,127 sqft
    2019-02-01 41 days 2,117 sqft
    2019-03-01 38 days 2,108 sqft
    2019-04-01 33 days 2,157 sqft
    2019-05-01 30 days 2,213 sqft
    2019-06-01 33 days 2,245 sqft
    2019-07-01 38 days 2,235 sqft
    2019-08-01 53 days 2,301 sqft
    2019-09-01 55 days 2,292 sqft
    2019-10-01 41 days 2,133 sqft
    2019-11-01 51 days 2,136 sqft
    2019-12-01 59 days 2,153 sqft
    2020-01-01 60 days 2,133 sqft
    2020-02-01 44 days 2,114 sqft
    2020-03-01 32 days 2,139 sqft
    2020-04-01 33 days 2,160 sqft
    2020-05-01 52 days 2,176 sqft
    2020-06-01 58 days 2,180 sqft
    2020-07-01 56 days 2,188 sqft
    2020-08-01 52 days 2,113 sqft
    2020-09-01 56 days 2,040 sqft
    2020-10-01 58 days 2,025 sqft
    2020-11-01 53 days 2,024 sqft
    2020-12-01 56 days 1,970 sqft
    2021-01-01 50 days 1,970 sqft
    2021-02-01 36 days 1,978 sqft
    2021-03-01 34 days 2,020 sqft
    2021-04-01 34 days 2,007 sqft
    2021-05-01 32 days 2,025 sqft
    2021-06-01 26 days 2,025 sqft
    2021-07-01 29 days 2,046 sqft
    2021-08-01 29 days 2,024 sqft
    2021-09-01 33 days 2,023 sqft
    2021-10-01 42 days 2,025 sqft
    2021-11-01 48 days 2,041 sqft
    2021-12-01 50 days 2,053 sqft
    2022-01-01 53 days 2,085 sqft
    2022-02-01 30 days 2,119 sqft
    2022-03-01 26 days 2,126 sqft
    2022-04-01 29 days 2,142 sqft
    2022-05-01 23 days 2,167 sqft
    2022-06-01 26 days 2,100 sqft
    2022-07-01 36 days 2,096 sqft
    2022-08-01 47 days 2,095 sqft
    2022-09-01 56 days 2,101 sqft
    2022-10-01 62 days 2,110 sqft
    2022-11-01 69 days 2,110 sqft
    2022-12-01 78 days 2,107 sqft
    2023-01-01 83 days 2,124 sqft
    2023-02-01 66 days 2,170 sqft
    2023-03-01 46 days 2,215 sqft
    2023-04-01 43 days 2,267 sqft
    Boise City's median listing age (time on market) for 2023-04-01 was 43 days. This is 48% longer than the same period one year ago.

    Boise City's median square footage for active listings during the 2023-04-01 period was 2,267 sqft. One year prior, the average listing was 2,142 sqft.