Boise City USDA Loans
BOISE CITY, 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.
Boise City's 22 lenders originated 103 USDA loans during 2021. The total origination value was $50,175,000, with an average USDA loan value of $487,136.
Boise City USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Boise City
averaged
5.37%
for the week of 2022-05-20, compared to the national average (all USDA variants) of
5.315% for the same period.
The average rate for the prior week (2022-05-13) was
5.36% and
one month ago for the week of 2022-04-15, the
average rate was 5.15%.
The average rate one year ago was 2.9%.
For refis of the same type during the week of 2022-05-20, the average rate
was 4.98%.
Boise City USDA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Boise City level.
| Name | # of Loans | 2021 Avg. 30yFix Rate | 2021 Avg. Total Fees |
|---|---|---|---|
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 6 | 2.85% | $10,327 |
| Willamette Valley Bank | 3 | 3.08% | $5,351 |
| PREMIER MORTGAGE RESOURCES, L.L.C. | 3 | 2.92% | $7,490 |
| Flagstar Bank, FSB | 2 | 2.63% | $8,075 |
| FINANCE OF AMERICA MORTGAGE LLC | 2 | 2.81% | $9,921 |
| ACADEMY MORTGAGE CORPORATION | 2 | 2.75% | $9,883 |
| CHURCHILL MORTGAGE CORPORATION | 1 | 2.50% | $6,347 |
| CMG MORTGAGE, INC. | 1 | 2.25% | $16,625 |
| AXIA FINANCIAL, LLC | 1 | 2.88% | $3,673 |
| Waterstone Mortgage Corporation | 1 | 2.50% | $6,369 |
| First Home Bank | 1 | 2.50% | $14,662 |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 1 | 3.25% | $8,615 |
| Gateway First Bank | 1 | 3.13% | $4,047 |
| GUARANTEED RATE, INC. | 1 | 2.88% | $6,385 |
| IDAHO CENTRAL | 1 | 2.63% | $8,878 |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | 1 | 2.50% | $7,795 |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | 1 | 2.63% | $6,699 |
| SUMMIT FUNDING, INC. | 1 | 3.25% | $10,675 |
| Summit Mortgage Corporation | 1 | 2.37% | $10,160 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 2.43% | $10,051 |
| Bank of Idaho | 1 | 2.50% | $6,760 |
| CANOPY MORTGAGE, LLC | 1 | 2.25% | $4,077 |
The top Boise City USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
6 USDA loans originated. Their average total fees are
$10,327, which is $4,976
higher than the next largest lender,
Willamette Valley Bank.
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
.
