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%.
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 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 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.
