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%.

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 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 .