Idaho Falls USDA Loan Rates, Closing Costs & Stats

IDAHO FALLS, 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.

Idaho Falls's 20 lenders originated 66 USDA loans during 2021. The total origination value was $20,900,000, with an average USDA loan value of $316,667.

Idaho Falls USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Idaho Falls averaged 6.1% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Idaho Falls's average USDA mortgage closing costs are $7,570.

The average rate for the prior week (2022-11-25) was 6.44% and one month ago for the week of 2022-10-28, the average rate was 6.91%.

The average rate one year ago was 3.2%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.15%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Idaho Falls 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 Idaho Falls level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
CANOPY MORTGAGE, LLC 25 2.36% $9,579
Eagle Bank and Trust Company 11 2.44% $7,523
Flagstar Bank, FSB 7 2.51% $8,764
IDAHO CENTRAL 3 2.75% $10,094
Gateway First Bank 2 2.88% $3,794
FIRST COLONY MORTGAGE CORPORATION 1 2.63% $5,978
Glacier Bank 1 2.75% $6,597
GUILD MORTGAGE COMPANY 1 2.63% $13,813
MANN FINANCIAL INC. 1 2.88% $13,436
MOUNTAIN AMERICA 1 2.25% $6,732
PENNYMAC LOAN SERVICES, LLC 1 3.63% $6,077
PREMIER MORTGAGE RESOURCES, L.L.C. 1 2.75% $11,892
SUMMIT FUNDING, INC. 1 2.88% $15,784
UNITED WHOLESALE MORTGAGE, LLC 1 2.63% $11,248
Bank of Idaho 1 2.63% $6,213
VERITAS FUNDING, LLC 1 2.38% $9,906
BEEHIVE 1 2.38% $7,935
CALIBER HOME LOANS, INC. 1 2.38% $7,861
EAST IDAHO Credit Union 1 2.25% $6,962
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.50% $14,883

The top Idaho Falls USDA lender as defined by loan originations is CANOPY MORTGAGE, LLC, with 25 USDA loans originated. Their average total fees are $9,579, which is $2,056 higher than the next largest lender, Eagle Bank and Trust Company.

The lowest fee Idaho Falls USDA lenders (with over 10 loans originated) are Eagle Bank and Trust Company ($7,523), CANOPY MORTGAGE, LLC ($9,579), .

The lowest rate Idaho Falls USDA lenders (with over 10 loans originated) are CANOPY MORTGAGE, LLC (2.36%), Eagle Bank and Trust Company (2.44%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Idaho Falls (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 $242,450 (28.3%) $328,662 (29.2%) 0.00 340
2018-02-01 $254,675 (34.0%) $339,142 (30.5%) 0.00 297
2018-03-01 $269,900 (38.6%) $353,742 (36.0%) 0.00 274
2018-04-01 $260,000 (15.6%) $335,485 (13.1%) 0.00 287
2018-05-01 $261,075 (15.3%) $325,139 (6.3%) 0.00 317
2018-06-01 $259,900 (13.0%) $329,255 (7.2%) 0.00 347
2018-07-01 $259,573 (7.5%) $325,082 (2.3%) 0.00 373
2018-08-01 $259,900 (8.5%) $333,650 (8.3%) 0.00 397
2018-09-01 $265,000 (13.1%) $329,954 (7.4%) 0.00 415
2018-10-01 $262,000 (13.9%) $339,398 (11.8%) 0.00 393
2018-11-01 $266,750 (17.4%) $349,695 (12.0%) 0.00 361
2018-12-01 $259,900 (10.6%) $351,340 (8.2%) 0.00 292
2019-01-01 $267,450 (10.3%) $360,670 (9.7%) 0.00 241
2019-02-01 $287,400 (12.9%) $376,868 (11.1%) 0.00 244
2019-03-01 $294,214 (9.0%) $385,201 (8.9%) 0.00 232
2019-04-01 $299,450 (15.2%) $394,336 (17.5%) 0.00 222
2019-05-01 $294,900 (13.0%) $379,243 (16.6%) 0.00 272
2019-06-01 $290,000 (11.6%) $379,175 (15.2%) 0.00 304
2019-07-01 $292,400 (12.7%) $375,745 (15.6%) 0.00 326
2019-08-01 $287,909 (10.8%) $372,011 (11.5%) 0.00 344
2019-09-01 $288,523 (8.9%) $375,129 (13.7%) 0.00 344
2019-10-01 $288,932 (10.3%) $377,006 (11.1%) 0.00 347
2019-11-01 $285,000 (6.8%) $378,316 (8.2%) 0.00 330
2019-12-01 $291,000 (12.0%) $390,150 (11.1%) 0.00 286
2020-01-01 $289,950 (8.4%) $383,407 (6.3%) 0.00 254
2020-02-01 $295,000 (2.6%) $390,288 (3.6%) 0.00 244
2020-03-01 $317,500 (7.9%) $389,760 (1.2%) 0.00 227
2020-04-01 $315,000 (5.2%) $386,911 (-1.9%) 0.00 283
2020-05-01 $325,000 (10.2%) $382,341 (0.8%) 0.00 287
2020-06-01 $345,000 (19.0%) $411,635 (8.6%) 0.00 261
2020-07-01 $337,675 (15.5%) $405,604 (8.0%) 0.00 230
2020-08-01 $350,000 (21.6%) $413,260 (11.1%) 0.00 204
2020-09-01 $372,500 (29.1%) $440,130 (17.3%) 0.00 180
2020-10-01 $365,000 (26.3%) $451,000 (19.6%) 0.00 137
2020-11-01 $354,500 (24.4%) $450,851 (19.2%) 0.00 112
2020-12-01 $376,250 (29.3%) $427,363 (9.5%) 0.00 93
2021-01-01 $370,000 (27.6%) $410,859 (7.2%) 0.00 82
2021-02-01 $370,250 (25.5%) $416,361 (6.7%) 0.00 85
2021-03-01 $369,950 (16.5%) $455,474 (16.9%) 0.00 92
2021-04-01 $395,000 (25.4%) $507,972 (31.3%) 0.00 100
2021-05-01 $425,000 (30.8%) $525,466 (37.4%) 0.00 103
2021-06-01 $422,500 (22.5%) $557,133 (35.4%) 0.00 141
2021-07-01 $422,500 (25.1%) $526,451 (29.8%) 0.00 175
2021-08-01 $441,000 (26.0%) $533,196 (29.0%) 0.00 218
2021-09-01 $455,000 (22.2%) $534,406 (21.4%) 0.00 242
2021-10-01 $460,000 (26.0%) $539,118 (19.5%) 0.00 222
2021-11-01 $449,975 (26.9%) $542,561 (20.3%) 0.00 161
2021-12-01 $471,200 (25.2%) $557,438 (30.4%) 0.00 142
2022-01-01 $492,000 (33.0%) $603,590 (46.9%) 0.00 110
2022-02-01 $527,000 (42.3%) $635,461 (52.6%) 0.00 106
2022-03-01 $478,750 (29.4%) $581,159 (27.6%) 0.00 119
2022-04-01 $520,000 (31.7%) $593,234 (16.8%) 0.00 162
2022-05-01 $524,500 (23.4%) $612,479 (16.6%) 0.00 287
2022-06-01 $487,000 (15.3%) $586,070 (5.2%) 0.00 427
2022-07-01 $472,450 (11.8%) $559,630 (6.3%) 0.00 564
2022-08-01 $455,000 (3.2%) $527,587 (-1.1%) 0.00 595
2022-09-01 $450,000 (-1.1%) $528,776 (-1.1%) 0.00 568
2022-10-01 $450,000 (-2.2%) $533,849 (-1.0%) 0.00 538
2022-11-01 $449,975 (0.0%) $523,406 (-3.5%) 0.00 513
Idaho Falls's median listing price for 2022-11-01 was $449,975, a difference of $0 (0.0%) versus the prior year and $-25 versus the prior month.

Idaho Falls's median listing price comes in at 0% of the national average.

Idaho Falls's average listing price for 2022-11-01 was $523,406, a difference of $-19,155 (-3.5%) versus the prior year and $-10,443 versus the prior month.

For the 2022-11-01 period, Idaho Falls had 513 MLS listings, a difference of -25 listings (-5%) versus the prior month and 352 listings (219%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Idaho Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,953 sqft
2018-02-01 0 days 2,975 sqft
2018-03-01 0 days 3,012 sqft
2018-04-01 0 days 2,944 sqft
2018-05-01 0 days 2,926 sqft
2018-06-01 0 days 2,836 sqft
2018-07-01 0 days 2,784 sqft
2018-08-01 0 days 2,794 sqft
2018-09-01 0 days 2,784 sqft
2018-10-01 0 days 2,810 sqft
2018-11-01 0 days 2,956 sqft
2018-12-01 0 days 2,985 sqft
2019-01-01 0 days 2,937 sqft
2019-02-01 0 days 2,968 sqft
2019-03-01 0 days 2,967 sqft
2019-04-01 0 days 2,985 sqft
2019-05-01 0 days 2,880 sqft
2019-06-01 0 days 2,887 sqft
2019-07-01 0 days 2,819 sqft
2019-08-01 0 days 2,780 sqft
2019-09-01 0 days 2,765 sqft
2019-10-01 0 days 2,755 sqft
2019-11-01 0 days 2,690 sqft
2019-12-01 0 days 2,697 sqft
2020-01-01 0 days 2,739 sqft
2020-02-01 0 days 2,762 sqft
2020-03-01 0 days 2,856 sqft
2020-04-01 0 days 2,800 sqft
2020-05-01 0 days 2,865 sqft
2020-06-01 0 days 3,022 sqft
2020-07-01 0 days 2,914 sqft
2020-08-01 0 days 2,859 sqft
2020-09-01 0 days 2,833 sqft
2020-10-01 0 days 2,702 sqft
2020-11-01 0 days 2,567 sqft
2020-12-01 0 days 2,624 sqft
2021-01-01 0 days 2,396 sqft
2021-02-01 0 days 2,326 sqft
2021-03-01 0 days 2,716 sqft
2021-04-01 0 days 2,757 sqft
2021-05-01 0 days 2,800 sqft
2021-06-01 0 days 2,826 sqft
2021-07-01 0 days 2,734 sqft
2021-08-01 0 days 2,763 sqft
2021-09-01 0 days 2,796 sqft
2021-10-01 0 days 2,792 sqft
2021-11-01 0 days 2,798 sqft
2021-12-01 0 days 2,852 sqft
2022-01-01 0 days 2,876 sqft
2022-02-01 0 days 2,991 sqft
2022-03-01 0 days 2,772 sqft
2022-04-01 0 days 2,940 sqft
2022-05-01 0 days 2,959 sqft
2022-06-01 0 days 2,882 sqft
2022-07-01 0 days 2,842 sqft
2022-08-01 0 days 2,815 sqft
2022-09-01 0 days 2,806 sqft
2022-10-01 0 days 2,816 sqft
2022-11-01 0 days 2,905 sqft
Idaho Falls's median listing age (time on market) for 2022-11-01 was 0 days.

Idaho Falls's median square footage for active listings during the 2022-11-01 period was 2,905 sqft. One year prior, the average listing was 2,798 sqft.