Twin Falls USDA Loan Rates, Closing Costs & Stats

TWIN 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.

Twin Falls's 6 lenders originated 11 USDA loans during 2023. The total origination value was $2,745,000, with an average USDA loan value of $249,545.

Twin Falls USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Twin Falls averaged 6.44% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

Twin Falls's average USDA mortgage closing costs are $6,460.

The average rate for the prior week (2024-05-31) was 6.32% and one month ago for the week of 2024-05-03, the average rate was 6.81%.

The average rate one year ago was 6.61%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.46%.

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

Twin 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 Twin Falls level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
AXIA FINANCIAL, LLC 2 6.25% $7,409
CORNERSTONE HOME LENDING, INC. 2 5.81% $10,541
First Federal Savings Bank of Twin Falls 1 5.63% $7,875
GUILD MORTGAGE COMPANY 1 5.63% $8,628
IDAHO CENTRAL 1 5.63% $11,830
NFM, INC. 1 5.88% $15,653

The top Twin Falls USDA lender as defined by loan originations is AXIA FINANCIAL, LLC, with 2 USDA loans originated. Their average total fees are $7,409, which is $3,132 lower than the next largest lender, CORNERSTONE HOME LENDING, INC..

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Twin 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 $239,900 (14.3%) $296,653 (11.5%) 0.00 344
2018-02-01 $239,900 (7.4%) $303,662 (11.4%) 0.00 307
2018-03-01 $249,450 (10.6%) $309,121 (12.8%) 0.00 300
2018-04-01 $244,968 (2.1%) $303,741 (6.2%) 0.00 315
2018-05-01 $254,946 (1.3%) $318,482 (6.5%) 0.00 320
2018-06-01 $249,000 (-0.4%) $314,078 (5.8%) 0.00 375
2018-07-01 $244,400 (-2.0%) $305,534 (1.8%) 0.00 400
2018-08-01 $240,325 (-3.7%) $298,885 (-0.6%) 0.00 387
2018-09-01 $247,990 (-0.4%) $304,527 (3.0%) 0.00 388
2018-10-01 $247,993 (1.7%) $306,243 (4.9%) 0.00 383
2018-11-01 $252,450 (5.2%) $309,146 (5.0%) 0.00 361
2018-12-01 $260,995 (8.8%) $313,554 (7.1%) 0.00 334
2019-01-01 $252,475 (5.2%) $300,334 (1.2%) 0.00 313
2019-02-01 $248,600 (3.6%) $304,094 (0.1%) 0.00 304
2019-03-01 $258,193 (3.5%) $313,982 (1.6%) 0.00 314
2019-04-01 $261,918 (6.9%) $322,751 (6.3%) 0.00 326
2019-05-01 $274,750 (7.8%) $331,645 (4.1%) 0.00 342
2019-06-01 $274,000 (10.0%) $334,647 (6.6%) 0.00 370
2019-07-01 $264,450 (8.2%) $310,324 (1.6%) 0.00 405
2019-08-01 $255,291 (6.2%) $308,359 (3.2%) 0.00 409
2019-09-01 $255,127 (2.9%) $319,008 (4.8%) 0.00 402
2019-10-01 $255,018 (2.8%) $327,928 (7.1%) 0.00 393
2019-11-01 $258,900 (2.6%) $331,637 (7.3%) 0.00 373
2019-12-01 $265,000 (1.5%) $339,923 (8.4%) 0.00 324
2020-01-01 $262,475 (4.0%) $326,613 (8.8%) 0.00 303
2020-02-01 $267,201 (7.5%) $332,440 (9.3%) 0.00 285
2020-03-01 $281,000 (8.8%) $340,044 (8.3%) 0.00 263
2020-04-01 $278,948 (6.5%) $336,047 (4.1%) 0.00 298
2020-05-01 $295,000 (7.4%) $361,934 (9.1%) 0.00 269
2020-06-01 $299,975 (9.5%) $386,243 (15.4%) 0.00 255
2020-07-01 $301,995 (14.2%) $392,290 (26.4%) 0.00 227
2020-08-01 $310,000 (21.4%) $400,155 (29.8%) 0.00 197
2020-09-01 $305,365 (19.7%) $391,224 (22.6%) 0.00 172
2020-10-01 $300,000 (17.6%) $394,030 (20.2%) 0.00 154
2020-11-01 $334,475 (29.2%) $411,426 (24.1%) 0.00 146
2020-12-01 $352,450 (33.0%) $425,984 (25.3%) 0.00 125
2021-01-01 $362,900 (38.3%) $461,174 (41.2%) 0.00 105
2021-02-01 $358,960 (34.3%) $469,438 (41.2%) 0.00 79
2021-03-01 $370,250 (31.8%) $464,481 (36.6%) 0.00 72
2021-04-01 $371,225 (33.1%) $478,109 (42.3%) 0.00 81
2021-05-01 $349,950 (18.6%) $458,197 (26.6%) 0.00 99
2021-06-01 $354,950 (18.3%) $456,821 (18.3%) 0.00 130
2021-07-01 $350,000 (15.9%) $446,645 (13.9%) 0.00 176
2021-08-01 $382,000 (23.2%) $482,714 (20.6%) 0.00 224
2021-09-01 $376,125 (23.2%) $480,178 (22.7%) 0.00 208
2021-10-01 $380,950 (27.0%) $513,570 (30.3%) 0.00 178
2021-11-01 $406,200 (21.4%) $527,682 (28.3%) 0.00 139
2021-12-01 $407,450 (15.6%) $536,532 (26.0%) 0.00 128
2022-01-01 $434,800 (19.8%) $561,303 (21.7%) 0.00 120
2022-02-01 $475,735 (32.5%) $572,139 (21.9%) 0.00 128
2022-03-01 $469,860 (26.9%) $548,868 (18.2%) 0.00 152
2022-04-01 $460,000 (23.9%) $518,775 (8.5%) 0.00 174
2022-05-01 $459,900 (31.4%) $540,791 (18.0%) 0.00 225
2022-06-01 $467,450 (31.7%) $534,709 (17.1%) 0.00 282
2022-07-01 $455,500 (30.1%) $532,907 (19.3%) 0.00 384
2022-08-01 $449,750 (17.7%) $530,692 (9.9%) 0.00 425
2022-09-01 $436,750 (16.1%) $520,075 (8.3%) 0.00 449
2022-10-01 $430,000 (12.9%) $513,969 (0.1%) 0.00 447
2022-11-01 $429,225 (5.7%) $500,116 (-5.2%) 0.00 453
2022-12-01 $415,000 (1.9%) $485,675 (-9.5%) 0.00 421
2023-01-01 $417,463 (-4.0%) $485,253 (-13.6%) 0.00 388
2023-02-01 $421,500 (-11.4%) $495,561 (-13.4%) 0.00 356
2023-03-01 $432,498 (-8.0%) $514,653 (-6.2%) 0.00 330
2023-04-01 $441,990 (-3.9%) $521,741 (0.6%) 0.00 330
2023-05-01 $441,950 (-3.9%) $524,256 (-3.1%) 0.00 342
2023-06-01 $450,600 (-3.6%) $526,284 (-1.6%) 0.00 357
2023-07-01 $449,900 (-1.2%) $525,445 (-1.4%) 0.00 365
2023-08-01 $443,475 (-1.4%) $536,059 (1.0%) 0.00 371
2023-09-01 $436,000 (-0.2%) $526,672 (1.3%) 0.00 394
2023-10-01 $416,000 (-3.3%) $506,738 (-1.4%) 0.00 401
2023-11-01 $409,550 (-4.6%) $498,154 (-0.4%) 0.00 402
2023-12-01 $409,900 (-1.2%) $501,692 (3.3%) 0.00 382
2024-01-01 $402,450 (-3.6%) $504,676 (4.0%) 0.00 334
2024-02-01 $410,000 (-2.7%) $506,656 (2.2%) 0.00 335
2024-03-01 $409,450 (-5.3%) $502,480 (-2.4%) 0.00 329
2024-04-01 $416,635 (-5.7%) $516,795 (-1.0%) 0.00 343
2024-05-01 $419,900 (-5.0%) $528,887 (0.9%) 0.00 363
Twin Falls's median listing price for 2024-05-01 was $419,900, a difference of $-22,050 (-5.0%) versus the prior year and $3,265 versus the prior month.

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

Twin Falls's average listing price for 2024-05-01 was $528,887, a difference of $4,631 (0.9%) versus the prior year and $12,092 versus the prior month.

For the 2024-05-01 period, Twin Falls had 363 MLS listings, a difference of 20 listings (6%) versus the prior month and 21 listings (6%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Twin 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 2,072 sqft
2018-02-01 0 days 2,061 sqft
2018-03-01 0 days 2,076 sqft
2018-04-01 0 days 2,072 sqft
2018-05-01 0 days 2,194 sqft
2018-06-01 0 days 2,076 sqft
2018-07-01 0 days 2,029 sqft
2018-08-01 0 days 1,933 sqft
2018-09-01 0 days 1,934 sqft
2018-10-01 0 days 1,929 sqft
2018-11-01 0 days 1,932 sqft
2018-12-01 0 days 2,050 sqft
2019-01-01 0 days 1,993 sqft
2019-02-01 0 days 1,950 sqft
2019-03-01 0 days 1,976 sqft
2019-04-01 0 days 1,976 sqft
2019-05-01 0 days 2,041 sqft
2019-06-01 0 days 2,053 sqft
2019-07-01 0 days 1,990 sqft
2019-08-01 0 days 1,950 sqft
2019-09-01 0 days 1,961 sqft
2019-10-01 0 days 1,985 sqft
2019-11-01 0 days 2,027 sqft
2019-12-01 0 days 2,009 sqft
2020-01-01 0 days 2,021 sqft
2020-02-01 0 days 2,036 sqft
2020-03-01 0 days 2,047 sqft
2020-04-01 0 days 2,053 sqft
2020-05-01 0 days 2,112 sqft
2020-06-01 0 days 2,200 sqft
2020-07-01 0 days 2,215 sqft
2020-08-01 0 days 2,197 sqft
2020-09-01 0 days 2,094 sqft
2020-10-01 0 days 2,072 sqft
2020-11-01 0 days 2,172 sqft
2020-12-01 0 days 2,105 sqft
2021-01-01 0 days 2,129 sqft
2021-02-01 0 days 2,151 sqft
2021-03-01 0 days 2,231 sqft
2021-04-01 0 days 2,319 sqft
2021-05-01 0 days 2,045 sqft
2021-06-01 0 days 1,907 sqft
2021-07-01 0 days 1,910 sqft
2021-08-01 0 days 1,950 sqft
2021-09-01 0 days 1,938 sqft
2021-10-01 0 days 2,012 sqft
2021-11-01 0 days 2,020 sqft
2021-12-01 0 days 1,986 sqft
2022-01-01 0 days 2,084 sqft
2022-02-01 0 days 2,014 sqft
2022-03-01 0 days 1,936 sqft
2022-04-01 0 days 1,911 sqft
2022-05-01 0 days 1,910 sqft
2022-06-01 0 days 1,926 sqft
2022-07-01 0 days 1,904 sqft
2022-08-01 0 days 1,947 sqft
2022-09-01 0 days 1,923 sqft
2022-10-01 0 days 1,928 sqft
2022-11-01 0 days 1,910 sqft
2022-12-01 0 days 1,898 sqft
2023-01-01 0 days 1,910 sqft
2023-02-01 0 days 1,912 sqft
2023-03-01 0 days 2,002 sqft
2023-04-01 0 days 2,032 sqft
2023-05-01 0 days 2,012 sqft
2023-06-01 0 days 2,061 sqft
2023-07-01 0 days 2,103 sqft
2023-08-01 0 days 2,073 sqft
2023-09-01 0 days 2,034 sqft
2023-10-01 0 days 1,931 sqft
2023-11-01 0 days 1,922 sqft
2023-12-01 0 days 1,906 sqft
2024-01-01 0 days 1,913 sqft
2024-02-01 0 days 1,908 sqft
2024-03-01 0 days 1,874 sqft
2024-04-01 0 days 1,896 sqft
2024-05-01 0 days 1,925 sqft
Twin Falls's median listing age (time on market) for 2024-05-01 was 0 days.

Twin Falls's median square footage for active listings during the 2024-05-01 period was 1,925 sqft. One year prior, the average listing was 2,012 sqft.