Boise City USDA Loan Rates, Closing Costs & Stats

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 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 -0.45% for the week of 2024-02-23, compared to the national average (all USDA variants) of 0% for the same period.

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

The average rate for the prior week (2024-02-16) was 6.13% and one month ago for the week of 2024-01-19, the average rate was 6.01%.

The average rate one year ago was 5.72%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.42%.

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 (15.2%) 1.11 2,217
2018-02-01 $313,000 (17.3%) $392,118 (17.8%) 1.14 1,945
2018-03-01 $318,990 (15.8%) $399,375 (14.4%) 1.12 1,934
2018-04-01 $329,950 (14.3%) $413,893 (14.5%) 1.12 1,956
2018-05-01 $341,240 (17.1%) $427,721 (14.8%) 1.14 2,032
2018-06-01 $343,990 (18.6%) $424,251 (14.1%) 1.15 2,227
2018-07-01 $342,945 (19.9%) $423,902 (15.8%) 1.15 2,335
2018-08-01 $344,195 (21.7%) $419,033 (14.9%) 1.15 2,462
2018-09-01 $339,000 (19.0%) $410,592 (11.7%) 1.14 2,741
2018-10-01 $333,400 (15.0%) $412,357 (10.5%) 1.13 2,929
2018-11-01 $334,675 (13.3%) $418,030 (10.6%) 1.13 2,832
2018-12-01 $336,990 (12.7%) $420,351 (10.8%) 1.16 2,525
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 $346,575 (8.7%) $434,484 (8.8%) 1.13 2,259
2019-04-01 $357,673 (8.4%) $443,942 (7.3%) 1.14 2,268
2019-05-01 $368,950 (8.1%) $453,677 (6.1%) 1.15 2,390
2019-06-01 $373,337 (8.5%) $458,888 (8.2%) 1.17 2,590
2019-07-01 $374,357 (9.2%) $459,735 (8.5%) 1.17 2,737
2019-08-01 $368,084 (6.9%) $454,486 (8.5%) 1.17 2,806
2019-09-01 $363,481 (7.2%) $447,959 (9.1%) 1.16 2,911
2019-10-01 $359,900 (8.0%) $443,608 (7.6%) 1.16 2,967
2019-11-01 $364,924 (9.0%) $446,369 (6.8%) 1.20 2,716
2019-12-01 $367,146 (9.0%) $447,676 (6.5%) 1.22 2,394
2020-01-01 $369,900 (9.1%) $449,125 (6.0%) 1.24 2,126
2020-02-01 $378,900 (11.5%) $459,449 (6.6%) 1.24 1,911
2020-03-01 $384,223 (10.9%) $478,372 (10.1%) 1.20 1,856
2020-04-01 $386,579 (8.1%) $478,121 (7.7%) 1.21 2,282
2020-05-01 $389,900 (5.7%) $487,445 (7.4%) 1.19 2,312
2020-06-01 $394,368 (5.6%) $494,614 (7.8%) 1.16 1,897
2020-07-01 $399,950 (6.8%) $512,787 (11.5%) 1.16 1,475
2020-08-01 $399,995 (8.7%) $523,247 (15.1%) 1.15 1,171
2020-09-01 $408,159 (12.3%) $535,775 (19.6%) 1.17 972
2020-10-01 $425,000 (18.1%) $546,599 (23.2%) 1.22 869
2020-11-01 $441,828 (21.1%) $572,633 (28.3%) 1.29 766
2020-12-01 $436,500 (18.9%) $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%) $607,164 (32.2%) 1.37 523
2021-03-01 $477,500 (24.3%) $620,704 (29.8%) 1.35 630
2021-04-01 $487,378 (26.1%) $644,480 (34.8%) 1.32 733
2021-05-01 $519,000 (33.1%) $691,614 (41.9%) 1.38 916
2021-06-01 $536,227 (36.0%) $692,916 (40.1%) 1.41 1,247
2021-07-01 $539,900 (35.0%) $685,192 (33.6%) 1.42 1,570
2021-08-01 $533,675 (33.4%) $672,196 (28.5%) 1.42 1,958
2021-09-01 $527,000 (29.1%) $661,304 (23.4%) 1.41 2,213
2021-10-01 $529,990 (24.7%) $662,101 (21.1%) 1.41 2,199
2021-11-01 $529,950 (20.0%) $674,225 (17.7%) 1.42 1,936
2021-12-01 $541,968 (24.2%) $678,126 (22.0%) 1.47 1,488
2022-01-01 $559,900 (25.8%) $697,559 (19.3%) 1.51 1,086
2022-02-01 $586,900 (25.1%) $738,218 (21.6%) 1.53 903
2022-03-01 $592,495 (24.1%) $758,477 (22.2%) 1.48 1,019
2022-04-01 $610,990 (25.4%) $774,367 (20.2%) 1.46 1,246
2022-05-01 $618,448 (19.2%) $785,536 (13.6%) 1.41 1,993
2022-06-01 $585,995 (9.3%) $737,112 (6.4%) 1.31 2,927
2022-07-01 $569,900 (5.6%) $707,053 (3.2%) 1.28 3,732
2022-08-01 $552,500 (3.5%) $688,012 (2.4%) 1.28 4,002
2022-09-01 $549,450 (4.3%) $680,749 (2.9%) 1.28 4,055
2022-10-01 $539,500 (1.8%) $675,458 (2.0%) 1.27 3,965
2022-11-01 $522,400 (-1.4%) $665,201 (-1.3%) 1.26 3,625
2022-12-01 $515,000 (-5.0%) $661,509 (-2.5%) 1.27 3,103
2023-01-01 $524,900 (-6.3%) $661,143 (-5.2%) 1.30 2,491
2023-02-01 $552,495 (-5.9%) $696,121 (-5.7%) 1.33 2,045
2023-03-01 $574,900 (-3.0%) $725,453 (-4.4%) 1.36 1,943
2023-04-01 $584,900 (-4.3%) $752,477 (-2.8%) 1.36 1,951
2023-05-01 $609,850 (-1.4%) $765,029 (-2.6%) 1.38 2,051
2023-06-01 $599,950 (2.4%) $762,356 (3.4%) 1.35 2,242
2023-07-01 $599,900 (5.3%) $750,807 (6.2%) 1.36 2,394
2023-08-01 $584,950 (5.9%) $742,946 (8.0%) 1.34 2,552
2023-09-01 $575,000 (4.7%) $737,434 (8.3%) 1.34 2,616
2023-10-01 $555,995 (3.1%) $727,803 (7.8%) 1.31 2,619
2023-11-01 $587,400 (12.4%) $757,711 (13.9%) 1.40 2,235
2023-12-01 $579,000 (12.4%) $749,838 (13.4%) 1.41 1,888
Boise City's median listing price for 2023-12-01 was $579,000, a difference of $64,000 (12.4%) versus the prior year and $-8,400 versus the prior month.

Boise City's median listing price comes in at 141% of the national average.

Boise City's average listing price for 2023-12-01 was $749,838, a difference of $88,329 (13.4%) versus the prior year and $-7,873 versus the prior month.

For the 2023-12-01 period, Boise City had 1,888 MLS listings, a difference of -347 listings (-16%) versus the prior month and -1,215 listings (-39%) 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 28 days 2,228 sqft
2018-04-01 25 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 32 days 2,141 sqft
2018-10-01 38 days 2,127 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 32 days 2,146 sqft
2019-05-01 30 days 2,213 sqft
2019-06-01 32 days 2,245 sqft
2019-07-01 37 days 2,235 sqft
2019-08-01 38 days 2,190 sqft
2019-09-01 39 days 2,158 sqft
2019-10-01 39 days 2,134 sqft
2019-11-01 50 days 2,136 sqft
2019-12-01 59 days 2,153 sqft
2020-01-01 59 days 2,134 sqft
2020-02-01 43 days 2,114 sqft
2020-03-01 32 days 2,139 sqft
2020-04-01 32 days 2,160 sqft
2020-05-01 52 days 2,176 sqft
2020-06-01 57 days 2,180 sqft
2020-07-01 55 days 2,188 sqft
2020-08-01 50 days 2,113 sqft
2020-09-01 53 days 2,040 sqft
2020-10-01 57 days 2,025 sqft
2020-11-01 51 days 2,024 sqft
2020-12-01 54 days 1,970 sqft
2021-01-01 47 days 1,970 sqft
2021-02-01 35 days 1,979 sqft
2021-03-01 32 days 2,020 sqft
2021-04-01 33 days 2,008 sqft
2021-05-01 32 days 2,025 sqft
2021-06-01 26 days 2,025 sqft
2021-07-01 28 days 2,046 sqft
2021-08-01 29 days 2,024 sqft
2021-09-01 33 days 2,023 sqft
2021-10-01 41 days 2,025 sqft
2021-11-01 47 days 2,038 sqft
2021-12-01 49 days 2,054 sqft
2022-01-01 53 days 2,085 sqft
2022-02-01 30 days 2,120 sqft
2022-03-01 26 days 2,127 sqft
2022-04-01 29 days 2,144 sqft
2022-05-01 23 days 2,168 sqft
2022-06-01 26 days 2,100 sqft
2022-07-01 36 days 2,098 sqft
2022-08-01 46 days 2,096 sqft
2022-09-01 55 days 2,101 sqft
2022-10-01 61 days 2,110 sqft
2022-11-01 69 days 2,110 sqft
2022-12-01 78 days 2,107 sqft
2023-01-01 81 days 2,124 sqft
2023-02-01 65 days 2,168 sqft
2023-03-01 44 days 2,215 sqft
2023-04-01 43 days 2,269 sqft
2023-05-01 38 days 2,310 sqft
2023-06-01 38 days 2,297 sqft
2023-07-01 43 days 2,266 sqft
2023-08-01 44 days 2,228 sqft
2023-09-01 46 days 2,186 sqft
2023-10-01 51 days 2,127 sqft
2023-11-01 53 days 2,169 sqft
2023-12-01 59 days 2,160 sqft
Boise City's median listing age (time on market) for 2023-12-01 was 59 days. This is -24% shorter than the same period one year ago.

Boise City's median square footage for active listings during the 2023-12-01 period was 2,160 sqft. One year prior, the average listing was 2,107 sqft.