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 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 6.49% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

    Boise City's average USDA mortgage closing costs are $7,325.

    The average rate for the prior week (2022-11-25) was 6.33% and one month ago for the week of 2022-10-28, the average rate was 6.6%.

    The average rate one year ago was 3.3%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.2%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    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 .

    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%) 1.14 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 $346,423 (8.6%) $434,626 (8.8%) 1.13 2,259
    2019-04-01 $357,450 (8.3%) $442,455 (6.9%) 1.13 2,270
    2019-05-01 $368,500 (8.0%) $453,272 (5.9%) 1.15 2,395
    2019-06-01 $373,100 (8.5%) $460,007 (8.4%) 1.17 2,599
    2019-07-01 $374,091 (9.1%) $460,623 (8.6%) 1.17 2,747
    2019-08-01 $367,535 (6.9%) $455,318 (8.7%) 1.16 2,817
    2019-09-01 $363,240 (7.2%) $448,790 (9.3%) 1.16 2,921
    2019-10-01 $359,900 (8.0%) $444,438 (7.8%) 1.16 2,978
    2019-11-01 $364,912 (9.1%) $446,522 (6.8%) 1.20 2,727
    2019-12-01 $366,734 (8.8%) $447,513 (6.5%) 1.22 2,403
    2020-01-01 $369,900 (9.1%) $448,591 (5.8%) 1.24 2,135
    2020-02-01 $378,384 (11.3%) $458,843 (6.5%) 1.24 1,920
    2020-03-01 $383,950 (10.8%) $478,001 (10.0%) 1.20 1,865
    2020-04-01 $386,450 (8.1%) $477,883 (8.0%) 1.21 2,292
    2020-05-01 $389,900 (5.8%) $486,929 (7.4%) 1.19 2,322
    2020-06-01 $393,973 (5.6%) $494,030 (7.4%) 1.16 1,906
    2020-07-01 $399,950 (6.9%) $511,994 (11.2%) 1.16 1,484
    2020-08-01 $399,990 (8.8%) $522,312 (14.7%) 1.15 1,180
    2020-09-01 $407,743 (12.3%) $534,883 (19.2%) 1.17 982
    2020-10-01 $425,000 (18.1%) $545,737 (22.8%) 1.22 878
    2020-11-01 $441,051 (20.9%) $571,319 (28.0%) 1.29 775
    2020-12-01 $436,125 (18.9%) $554,968 (24.0%) 1.30 679
    2021-01-01 $444,990 (20.3%) $582,883 (29.9%) 1.33 569
    2021-02-01 $467,695 (23.6%) $605,178 (31.9%) 1.36 532
    2021-03-01 $477,470 (24.4%) $618,661 (29.4%) 1.35 638
    2021-04-01 $485,295 (25.6%) $642,356 (34.4%) 1.31 741
    2021-05-01 $515,000 (32.1%) $689,675 (41.6%) 1.36 923
    2021-06-01 $533,293 (35.4%) $691,412 (40.0%) 1.40 1,255
    2021-07-01 $538,500 (34.6%) $684,672 (33.7%) 1.42 1,577
    2021-08-01 $531,564 (32.9%) $671,546 (28.6%) 1.42 1,963
    2021-09-01 $525,450 (28.9%) $660,468 (23.5%) 1.40 2,219
    2021-10-01 $529,990 (24.7%) $661,413 (21.2%) 1.41 2,206
    2021-11-01 $529,998 (20.2%) $674,191 (18.0%) 1.42 1,944
    2021-12-01 $542,450 (24.4%) $679,305 (22.4%) 1.47 1,496
    2022-01-01 $559,000 (25.6%) $696,046 (19.4%) 1.51 1,095
    2022-02-01 $585,673 (25.2%) $737,588 (21.9%) 1.52 912
    2022-03-01 $592,448 (24.1%) $757,119 (22.4%) 1.48 1,028
    2022-04-01 $612,950 (26.3%) $773,111 (20.4%) 1.46 1,254
    2022-05-01 $619,450 (20.3%) $784,419 (13.7%) 1.42 2,001
    2022-06-01 $585,125 (9.7%) $736,621 (6.5%) 1.30 2,934
    2022-07-01 $569,000 (5.7%) $706,591 (3.2%) 1.29 3,740
    2022-08-01 $552,500 (3.9%) $687,630 (2.4%) 1.28 4,010
    2022-09-01 $549,900 (4.7%) $681,795 (3.2%) 1.29 4,063
    2022-10-01 $539,900 (1.9%) $675,707 (2.2%) 1.27 3,973
    2022-11-01 $522,458 (-1.4%) $665,166 (-1.3%) 1.26 3,633
    Boise City's median listing price for 2022-11-01 was $522,458, a difference of $-7,540 (-1.4%) versus the prior year and $-17,442 versus the prior month.

    Boise City's median listing price comes in at 126% of the national average.

    Boise City's average listing price for 2022-11-01 was $665,166, a difference of $-9,025 (-1.3%) versus the prior year and $-10,541 versus the prior month.

    For the 2022-11-01 period, Boise City had 3,633 MLS listings, a difference of -340 listings (-9%) versus the prior month and 1,689 listings (87%) 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 36 days 2,120 sqft
    2019-04-01 33 days 2,146 sqft
    2019-05-01 30 days 2,211 sqft
    2019-06-01 33 days 2,243 sqft
    2019-07-01 38 days 2,233 sqft
    2019-08-01 39 days 2,189 sqft
    2019-09-01 40 days 2,158 sqft
    2019-10-01 40 days 2,133 sqft
    2019-11-01 51 days 2,135 sqft
    2019-12-01 59 days 2,153 sqft
    2020-01-01 60 days 2,132 sqft
    2020-02-01 44 days 2,110 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 59 days 2,179 sqft
    2020-07-01 56 days 2,187 sqft
    2020-08-01 53 days 2,111 sqft
    2020-09-01 57 days 2,040 sqft
    2020-10-01 59 days 2,025 sqft
    2020-11-01 54 days 2,023 sqft
    2020-12-01 57 days 1,968 sqft
    2021-01-01 50 days 1,969 sqft
    2021-02-01 36 days 1,977 sqft
    2021-03-01 35 days 2,020 sqft
    2021-04-01 34 days 2,007 sqft
    2021-05-01 33 days 2,025 sqft
    2021-06-01 26 days 2,025 sqft
    2021-07-01 29 days 2,044 sqft
    2021-08-01 29 days 2,022 sqft
    2021-09-01 33 days 2,021 sqft
    2021-10-01 42 days 2,025 sqft
    2021-11-01 48 days 2,040 sqft
    2021-12-01 50 days 2,052 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 2,139 sqft
    2022-05-01 23 days 2,166 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 2,102 sqft
    2022-10-01 62 days 2,110 sqft
    2022-11-01 69 days 2,110 sqft
    Boise City's median listing age (time on market) for 2022-11-01 was 69 days. This is 44% longer than the same period one year ago.

    Boise City's median square footage for active listings during the 2022-11-01 period was 2,110 sqft. One year prior, the average listing was 2,040 sqft.