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 5 lenders originated 11 USDA loans during 2023. The total origination value was $3,905,000, with an average USDA loan value of $355,000.

Idaho Falls USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Idaho Falls averaged 6.25% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

Idaho Falls's average USDA mortgage closing costs are $7,831.

The average rate for the prior week (2024-05-31) was 6.54% and one month ago for the week of 2024-05-03, the average rate was 6.73%.

The average rate one year ago was 6.33%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.79%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CANOPY MORTGAGE, LLC 4 6.44% $13,217
Eagle Bank and Trust Company 1 5.13% $11,903
Gateway First Bank 1 5.75% $5,277
UNITED WHOLESALE MORTGAGE, LLC 1 6.10% $11,828
U.S. Bank 1 5.25% $18,604

The top Idaho Falls USDA lender as defined by loan originations is CANOPY MORTGAGE, LLC, with 4 USDA loans originated. Their average total fees are $13,217, which is $1,314 higher than the next largest lender, Eagle Bank and Trust Company.

The lowest fee Idaho Falls USDA lenders (with over 10 loans originated) are .

The lowest rate Idaho Falls USDA lenders (with over 10 loans originated) are .


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 (12.8%) $329,954 (7.3%) 0.00 415
2018-10-01 $264,000 (14.8%) $339,966 (12.0%) 0.00 394
2018-11-01 $267,000 (17.5%) $350,297 (12.2%) 0.00 362
2018-12-01 $259,900 (10.6%) $352,077 (8.4%) 0.00 293
2019-01-01 $267,475 (10.3%) $361,070 (9.9%) 0.00 241
2019-02-01 $287,400 (12.9%) $376,868 (11.1%) 0.00 244
2019-03-01 $294,214 (9.0%) $384,834 (8.8%) 0.00 231
2019-04-01 $299,450 (15.2%) $393,540 (17.3%) 0.00 221
2019-05-01 $294,900 (13.0%) $379,834 (16.8%) 0.00 270
2019-06-01 $290,000 (11.6%) $379,689 (15.3%) 0.00 302
2019-07-01 $292,400 (12.7%) $376,222 (15.7%) 0.00 324
2019-08-01 $287,909 (10.8%) $372,446 (11.6%) 0.00 342
2019-09-01 $288,523 (8.9%) $375,581 (13.8%) 0.00 342
2019-10-01 $288,932 (9.4%) $377,475 (11.0%) 0.00 345
2019-11-01 $285,000 (6.7%) $378,745 (8.1%) 0.00 329
2019-12-01 $291,500 (12.2%) $390,681 (11.0%) 0.00 285
2020-01-01 $289,950 (8.4%) $383,965 (6.3%) 0.00 253
2020-02-01 $295,000 (2.6%) $390,900 (3.7%) 0.00 243
2020-03-01 $317,500 (7.9%) $390,374 (1.4%) 0.00 226
2020-04-01 $315,000 (5.2%) $387,422 (-1.6%) 0.00 282
2020-05-01 $325,000 (10.2%) $382,808 (0.8%) 0.00 286
2020-06-01 $345,000 (19.0%) $413,042 (8.8%) 0.00 259
2020-07-01 $337,675 (15.5%) $406,416 (8.0%) 0.00 228
2020-08-01 $350,000 (21.6%) $414,207 (11.2%) 0.00 202
2020-09-01 $372,500 (29.1%) $441,407 (17.5%) 0.00 178
2020-10-01 $365,000 (26.3%) $452,841 (20.0%) 0.00 135
2020-11-01 $354,500 (24.4%) $452,978 (19.6%) 0.00 110
2020-12-01 $376,250 (29.1%) $429,850 (10.0%) 0.00 91
2021-01-01 $370,000 (27.6%) $412,898 (7.5%) 0.00 80
2021-02-01 $370,250 (25.5%) $418,466 (7.1%) 0.00 83
2021-03-01 $369,950 (16.5%) $457,891 (17.3%) 0.00 90
2021-04-01 $397,000 (26.0%) $510,978 (31.9%) 0.00 98
2021-05-01 $425,000 (30.8%) $528,690 (38.1%) 0.00 101
2021-06-01 $426,000 (23.5%) $559,917 (35.6%) 0.00 139
2021-07-01 $425,000 (25.9%) $528,546 (30.1%) 0.00 173
2021-08-01 $442,500 (26.4%) $532,943 (28.7%) 0.00 215
2021-09-01 $457,475 (22.8%) $534,187 (21.0%) 0.00 239
2021-10-01 $465,000 (27.4%) $540,918 (19.5%) 0.00 220
2021-11-01 $450,000 (26.9%) $545,001 (20.3%) 0.00 159
2021-12-01 $472,500 (25.6%) $560,704 (30.4%) 0.00 140
2022-01-01 $495,000 (33.8%) $599,189 (45.1%) 0.00 109
2022-02-01 $528,250 (42.7%) $639,341 (52.8%) 0.00 104
2022-03-01 $480,000 (29.8%) $584,891 (27.7%) 0.00 117
2022-04-01 $520,000 (31.0%) $596,107 (16.7%) 0.00 160
2022-05-01 $525,000 (23.5%) $614,484 (16.2%) 0.00 285
2022-06-01 $487,125 (14.4%) $587,344 (4.9%) 0.00 425
2022-07-01 $474,900 (11.7%) $560,541 (6.1%) 0.00 562
2022-08-01 $455,000 (2.8%) $528,340 (-0.9%) 0.00 593
2022-09-01 $451,250 (-1.4%) $529,558 (-0.9%) 0.00 566
2022-10-01 $450,000 (-3.2%) $534,708 (-1.2%) 0.00 536
2022-11-01 $450,000 (0.0%) $524,283 (-3.8%) 0.00 511
2022-12-01 $440,000 (-6.9%) $515,412 (-8.1%) 0.00 466
2023-01-01 $449,225 (-9.3%) $518,141 (-13.5%) 0.00 405
2023-02-01 $457,500 (-13.4%) $527,184 (-17.5%) 0.00 374
2023-03-01 $475,000 (-1.0%) $540,117 (-7.7%) 0.00 351
2023-04-01 $470,000 (-9.6%) $542,523 (-9.0%) 0.00 345
2023-05-01 $479,750 (-8.6%) $558,519 (-9.1%) 0.00 373
2023-06-01 $477,200 (-2.0%) $548,974 (-6.5%) 0.00 407
2023-07-01 $475,000 (0.0%) $550,467 (-1.8%) 0.00 466
2023-08-01 $466,250 (2.5%) $559,699 (5.9%) 0.00 456
2023-09-01 $459,950 (1.9%) $573,598 (8.3%) 0.00 455
2023-10-01 $447,500 (-0.6%) $566,911 (6.0%) 0.00 478
2023-11-01 $441,975 (-1.8%) $541,525 (3.3%) 0.00 451
2023-12-01 $435,000 (-1.1%) $523,897 (1.7%) 0.00 423
2024-01-01 $435,000 (-3.2%) $523,548 (1.0%) 0.00 349
2024-02-01 $445,000 (-2.7%) $532,274 (1.0%) 0.00 303
2024-03-01 $480,000 (1.1%) $569,816 (5.5%) 0.00 310
2024-04-01 $484,500 (3.1%) $584,265 (7.7%) 0.00 347
2024-05-01 $492,000 (2.6%) $598,915 (7.2%) 0.00 391
Idaho Falls's median listing price for 2024-05-01 was $492,000, a difference of $12,250 (2.6%) versus the prior year and $7,500 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 2024-05-01 was $598,915, a difference of $40,396 (7.2%) versus the prior year and $14,650 versus the prior month.

For the 2024-05-01 period, Idaho Falls had 391 MLS listings, a difference of 44 listings (13%) versus the prior month and 18 listings (5%) 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 2,790 sqft
2018-10-01 0 days 2,817 sqft
2018-11-01 0 days 2,959 sqft
2018-12-01 0 days 2,995 sqft
2019-01-01 0 days 2,941 sqft
2019-02-01 0 days 2,968 sqft
2019-03-01 0 days 2,965 sqft
2019-04-01 0 days 2,988 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 2,688 sqft
2019-12-01 0 days 2,691 sqft
2020-01-01 0 days 2,735 sqft
2020-02-01 0 days 2,760 sqft
2020-03-01 0 days 2,854 sqft
2020-04-01 0 days 2,800 sqft
2020-05-01 0 days 2,864 sqft
2020-06-01 0 days 3,027 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 2,728 sqft
2021-08-01 0 days 2,755 sqft
2021-09-01 0 days 2,795 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 2,884 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
2022-12-01 0 days 2,883 sqft
2023-01-01 0 days 2,888 sqft
2023-02-01 0 days 2,945 sqft
2023-03-01 0 days 2,998 sqft
2023-04-01 0 days 3,001 sqft
2023-05-01 0 days 2,973 sqft
2023-06-01 0 days 2,884 sqft
2023-07-01 0 days 2,826 sqft
2023-08-01 0 days 2,887 sqft
2023-09-01 0 days 2,882 sqft
2023-10-01 0 days 2,813 sqft
2023-11-01 0 days 2,740 sqft
2023-12-01 0 days 2,714 sqft
2024-01-01 0 days 2,735 sqft
2024-02-01 0 days 2,732 sqft
2024-03-01 0 days 2,773 sqft
2024-04-01 0 days 2,799 sqft
2024-05-01 0 days 2,869 sqft
Idaho Falls's median listing age (time on market) for 2024-05-01 was 0 days.

Idaho Falls's median square footage for active listings during the 2024-05-01 period was 2,869 sqft. One year prior, the average listing was 2,973 sqft.