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 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.