Idaho Falls USDA Loans
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
5.38%
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
5.17% and
one month ago for the week of 2022-04-15, the
average rate was 4.86%.
The average rate one year ago was 3.11%.
For refis of the same type during the week of 2022-05-20, the average rate
was 5.23%.
Idaho Falls 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 Idaho Falls level.
| Name | # of Loans | 2021 Avg. 30yFix Rate | 2021 Avg. Total Fees |
|---|---|---|---|
| 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 (29.0%) | $329,261 (28.9%) | 0.00 | 347 |
| 2018-02-01 | $252,250 (32.8%) | $334,447 (27.8%) | 0.00 | 305 |
| 2018-03-01 | $269,000 (38.3%) | $347,477 (32.5%) | 0.00 | 278 |
| 2018-04-01 | $259,450 (15.3%) | $332,408 (11.1%) | 0.00 | 293 |
| 2018-05-01 | $260,000 (13.6%) | $321,319 (4.3%) | 0.00 | 323 |
| 2018-06-01 | $258,990 (12.6%) | $325,797 (6.0%) | 0.00 | 360 |
| 2018-07-01 | $257,450 (5.1%) | $325,728 (2.7%) | 0.00 | 388 |
| 2018-08-01 | $259,950 (8.8%) | $334,683 (8.7%) | 0.00 | 416 |
| 2018-09-01 | $265,000 (12.8%) | $332,003 (7.2%) | 0.00 | 429 |
| 2018-10-01 | $264,900 (15.2%) | $341,838 (11.0%) | 0.00 | 406 |
| 2018-11-01 | $267,450 (17.7%) | $353,850 (12.7%) | 0.00 | 371 |
| 2018-12-01 | $259,900 (10.6%) | $361,192 (10.4%) | 0.00 | 299 |
| 2019-01-01 | $268,950 (10.9%) | $363,632 (10.4%) | 0.00 | 250 |
| 2019-02-01 | $284,950 (13.0%) | $374,740 (12.1%) | 0.00 | 249 |
| 2019-03-01 | $291,329 (8.3%) | $380,493 (9.5%) | 0.00 | 237 |
| 2019-04-01 | $299,450 (15.4%) | $389,981 (17.3%) | 0.00 | 225 |
| 2019-05-01 | $294,950 (13.4%) | $382,933 (19.2%) | 0.00 | 275 |
| 2019-06-01 | $292,000 (12.8%) | $390,379 (19.8%) | 0.00 | 305 |
| 2019-07-01 | $292,450 (13.6%) | $386,809 (18.8%) | 0.00 | 330 |
| 2019-08-01 | $290,714 (11.8%) | $382,134 (14.2%) | 0.00 | 345 |
| 2019-09-01 | $294,000 (10.9%) | $390,259 (17.6%) | 0.00 | 358 |
| 2019-10-01 | $289,450 (9.3%) | $383,370 (12.2%) | 0.00 | 352 |
| 2019-11-01 | $285,000 (6.6%) | $377,655 (6.7%) | 0.00 | 338 |
| 2019-12-01 | $290,950 (12.0%) | $383,691 (6.2%) | 0.00 | 290 |
| 2020-01-01 | $289,900 (7.8%) | $379,197 (4.3%) | 0.00 | 258 |
| 2020-02-01 | $295,000 (3.5%) | $381,310 (1.8%) | 0.00 | 247 |
| 2020-03-01 | $317,450 (9.0%) | $387,880 (1.9%) | 0.00 | 233 |
| 2020-04-01 | $319,500 (6.7%) | $386,338 (-0.9%) | 0.00 | 291 |
| 2020-05-01 | $327,000 (10.9%) | $382,251 (-0.2%) | 0.00 | 295 |
| 2020-06-01 | $345,000 (18.2%) | $412,190 (5.6%) | 0.00 | 266 |
| 2020-07-01 | $337,675 (15.5%) | $408,057 (5.5%) | 0.00 | 234 |
| 2020-08-01 | $350,000 (20.4%) | $413,970 (8.3%) | 0.00 | 207 |
| 2020-09-01 | $374,950 (27.5%) | $436,079 (11.7%) | 0.00 | 181 |
| 2020-10-01 | $380,000 (31.3%) | $445,108 (16.1%) | 0.00 | 151 |
| 2020-11-01 | $367,000 (28.8%) | $442,298 (17.1%) | 0.00 | 124 |
| 2020-12-01 | $380,000 (30.6%) | $421,571 (9.9%) | 0.00 | 105 |
| 2021-01-01 | $380,000 (31.1%) | $411,517 (8.5%) | 0.00 | 95 |
| 2021-02-01 | $380,000 (28.8%) | $411,380 (7.9%) | 0.00 | 91 |
| 2021-03-01 | $372,500 (17.3%) | $451,837 (16.5%) | 0.00 | 91 |
| 2021-04-01 | $395,000 (23.6%) | $499,998 (29.4%) | 0.00 | 96 |
| 2021-05-01 | $425,000 (30.0%) | $520,756 (36.2%) | 0.00 | 102 |
| 2021-06-01 | $429,000 (24.4%) | $556,829 (35.1%) | 0.00 | 144 |
| 2021-07-01 | $422,450 (25.1%) | $531,502 (30.3%) | 0.00 | 181 |
| 2021-08-01 | $440,000 (25.7%) | $532,299 (28.6%) | 0.00 | 225 |
| 2021-09-01 | $459,500 (22.6%) | $540,964 (24.1%) | 0.00 | 250 |
| 2021-10-01 | $465,000 (22.4%) | $545,079 (22.5%) | 0.00 | 228 |
| 2021-11-01 | $457,500 (24.7%) | $544,615 (23.1%) | 0.00 | 164 |
| 2021-12-01 | $459,950 (21.0%) | $552,581 (31.1%) | 0.00 | 143 |
| 2022-01-01 | $489,000 (28.7%) | $604,432 (46.9%) | 0.00 | 110 |
| 2022-02-01 | $525,000 (38.2%) | $653,206 (58.8%) | 0.00 | 107 |
| 2022-03-01 | $480,000 (28.9%) | $584,402 (29.3%) | 0.00 | 119 |
| 2022-04-01 | $520,000 (31.7%) | $596,013 (19.2%) | 0.00 | 172 |
Idaho Falls's median listing price comes in at 0% of the national average.
Idaho Falls's average listing price for 2022-04-01 was $596,013, a difference of $96,015 (19.2%) versus the prior year and $11,611 versus the prior month.
For the 2022-04-01 period, Idaho Falls had 172 MLS listings, a difference of 53 listings (45%) versus the prior month and 76 listings (79%) 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 | 2,939 sqft |
| 2018-02-01 | 0 days | 2,941 sqft |
| 2018-03-01 | 0 days | 3,028 sqft |
| 2018-04-01 | 0 days | 2,941 sqft |
| 2018-05-01 | 0 days | 2,910 sqft |
| 2018-06-01 | 0 days | 2,818 sqft |
| 2018-07-01 | 0 days | 2,779 sqft |
| 2018-08-01 | 0 days | 2,792 sqft |
| 2018-09-01 | 0 days | 2,784 sqft |
| 2018-10-01 | 0 days | 2,812 sqft |
| 2018-11-01 | 0 days | 2,962 sqft |
| 2018-12-01 | 0 days | 2,996 sqft |
| 2019-01-01 | 0 days | 2,957 sqft |
| 2019-02-01 | 0 days | 2,970 sqft |
| 2019-03-01 | 0 days | 2,952 sqft |
| 2019-04-01 | 0 days | 2,981 sqft |
| 2019-05-01 | 0 days | 2,913 sqft |
| 2019-06-01 | 0 days | 2,900 sqft |
| 2019-07-01 | 0 days | 2,849 sqft |
| 2019-08-01 | 0 days | 2,799 sqft |
| 2019-09-01 | 0 days | 2,769 sqft |
| 2019-10-01 | 0 days | 2,772 sqft |
| 2019-11-01 | 0 days | 2,692 sqft |
| 2019-12-01 | 0 days | 2,693 sqft |
| 2020-01-01 | 0 days | 2,726 sqft |
| 2020-02-01 | 0 days | 2,726 sqft |
| 2020-03-01 | 0 days | 2,829 sqft |
| 2020-04-01 | 0 days | 2,800 sqft |
| 2020-05-01 | 0 days | 2,858 sqft |
| 2020-06-01 | 0 days | 3,006 sqft |
| 2020-07-01 | 0 days | 2,906 sqft |
| 2020-08-01 | 0 days | 2,850 sqft |
| 2020-09-01 | 0 days | 2,752 sqft |
| 2020-10-01 | 0 days | 2,652 sqft |
| 2020-11-01 | 0 days | 2,500 sqft |
| 2020-12-01 | 0 days | 2,416 sqft |
| 2021-01-01 | 0 days | 2,333 sqft |
| 2021-02-01 | 0 days | 2,168 sqft |
| 2021-03-01 | 0 days | 2,708 sqft |
| 2021-04-01 | 0 days | 2,739 sqft |
| 2021-05-01 | 0 days | 2,800 sqft |
| 2021-06-01 | 0 days | 2,868 sqft |
| 2021-07-01 | 0 days | 2,784 sqft |
| 2021-08-01 | 0 days | 2,770 sqft |
| 2021-09-01 | 0 days | 2,792 sqft |
| 2021-10-01 | 0 days | 2,770 sqft |
| 2021-11-01 | 0 days | 2,809 sqft |
| 2021-12-01 | 0 days | 2,849 sqft |
| 2022-01-01 | 0 days | 2,835 sqft |
| 2022-02-01 | 0 days | 2,998 sqft |
| 2022-03-01 | 0 days | 2,803 sqft |
| 2022-04-01 | 0 days | 2,976 sqft |
Idaho Falls's median square footage for active listings during the 2022-04-01 period was 2,976 sqft. One year prior, the average listing was 2,739 sqft.
