TWIN FALLS Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Twin Falls averaged
6.59%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
6.71% and
one month ago for the week of 2024-06-13, the
average rate was 6.67%.
Twin Falls's average rate one year ago was 6.58%.
For refis of the same type during the week of 2024-07-18, the average rate
was 6.64%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Twin Falls 30 Year Fixed Rate | 2024-07-18 | 6.59% |
| Twin Falls 30 Year Fixed Rate Refi | 2024-07-18 | 6.64% |
| Twin Falls 15 Year Fixed Rate | 2024-07-18 | 5.85% |
| Twin Falls 15 Year Fixed Rate Refi | 2024-07-18 | 6.35% |
| Twin Falls 30 Year FHA | 2024-07-18 | 6.26% |
| Twin Falls 30 Year FHA Refi | 2024-07-18 | 6.39% |
| Twin Falls 30 Year USDA | 2024-07-18 | 6.63% |
| Twin Falls 30 Year USDA Refi | 2024-07-18 | 6.53% |
| Twin Falls 30 Year VA | 2024-07-18 | 6.11% |
| Twin Falls 30 Year VA Refi | 2024-07-18 | 6.2% |
TWIN FALLS Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the TWIN FALLS, ID market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
TWIN FALLS Average Closing Costs & Other Stats
TWIN FALLS, ID's 94 lenders originated 2,632
loans during 2023. The total origination value was $558,090,000, with an average loan value of
$212,040.
TWIN FALLS's average closing costs are $6,327.
The top TWIN FALLS lender as defined by loan originations is IDAHO CENTRAL, with
137 loans originated. Their average total fees are
$6,980, which is $300
lower than the next largest lender,
First Federal Savings Bank of Twin Falls.
The lowest fee TWIN FALLS lenders (with over 10 loans originated) are
PIONEER ($5,882), U.S. Bank ($6,124), D. L. Evans Bank ($6,168), IDAHO CENTRAL ($6,980) and First Federal Savings Bank of Twin Falls ($7,280).
The lowest rate TWIN FALLS lenders (with over 10 loans originated) are
PIONEER (6.22%), First Federal Savings Bank of Twin Falls (6.25%), UNITED WHOLESALE MORTGAGE, LLC (6.38%), IDAHO CENTRAL (6.47%) and CORNERSTONE HOME LENDING, INC. (6.48%).
TWIN FALLS, ID Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| First Federal Savings Bank of Twin Falls | $142,670,000 | $77,235,000 | -45.9% | 13.8% |
| IDAHO CENTRAL | $138,010,000 | $76,815,000 | -44.3% | 13.8% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $61,215,000 | $43,075,000 | -29.6% | 7.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $36,065,000 | $33,200,000 | -7.9% | 5.9% |
| NFM, INC. | $30,390,000 | $29,070,000 | -4.3% | 5.2% |
| AXIA FINANCIAL, LLC | $33,545,000 | $27,120,000 | -19.2% | 4.9% |
| QUICKEN LOANS, LLC | $46,845,000 | $27,090,000 | -42.2% | 4.9% |
| CORNERSTONE HOME LENDING, INC. | $26,715,000 | $25,875,000 | -3.1% | 4.6% |
| GUILD MORTGAGE COMPANY | $52,040,000 | $25,685,000 | -50.6% | 4.6% |
| Banner Bank | $5,065,000 | $14,750,000 | 191.2% | 2.6% |
| MOVEMENT MORTGAGE, LLC | $19,545,000 | $13,945,000 | -28.7% | 2.5% |
| U.S. Bank | $27,645,000 | $12,680,000 | -54.1% | 2.3% |
| D. L. Evans Bank | $21,265,000 | $9,845,000 | -53.7% | 1.8% |
| PIONEER | $18,650,000 | $8,115,000 | -56.5% | 1.5% |
| Mortgage Research Center, LLC | $7,135,000 | $6,330,000 | -11.3% | 1.1% |
| FARMERS BANK | $6,255,000 | $5,965,000 | -4.6% | 1.1% |
| Zions Bank | $7,680,000 | $5,775,000 | -24.8% | 1.0% |
| MOUNTAIN AMERICA | $11,425,000 | $5,760,000 | -49.6% | 1.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $8,800,000 | $5,305,000 | -39.7% | 1.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,140,000 | $3,660,000 | 71.0% | 0.7% |
| CONNECTIONS | $4,335,000 | $3,200,000 | -26.2% | 0.6% |
| JPMorgan Chase Bank | $3,905,000 | $3,185,000 | -18.4% | 0.6% |
| Bank of Idaho | $9,945,000 | $3,055,000 | -69.3% | 0.5% |
| LOANDEPOT.COM, LLC | $15,745,000 | $3,050,000 | -80.6% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $7,425,000 | $2,930,000 | -60.5% | 0.5% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $2,840,000 | n/a | 0.5% | |
| ACADEMY MORTGAGE CORPORATION | $4,080,000 | $2,680,000 | -34.3% | 0.5% |
| WESTMARK Credit Union | $5,295,000 | $2,450,000 | -53.7% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $5,785,000 | $2,360,000 | -59.2% | 0.4% |
| S1L, Inc. | $6,395,000 | $2,270,000 | -64.5% | 0.4% |
| FIRST COLONY MORTGAGE CORPORATION | $1,555,000 | $2,215,000 | 42.4% | 0.4% |
| PHH Mortgage Corporation | $4,140,000 | $2,180,000 | -47.3% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,940,000 | $2,005,000 | 3.4% | 0.4% |
| KeyBank | $6,775,000 | $1,965,000 | -71.0% | 0.4% |
| American Mortgage & Equity Consultants, Inc. | $1,775,000 | n/a | 0.3% | |
| Flagstar Bank, FSB | $2,690,000 | $1,775,000 | -34.0% | 0.3% |
| Discover Bank | $555,000 | $1,630,000 | 193.7% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $1,620,000 | $1,600,000 | -1.2% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,630,000 | $1,545,000 | -5.2% | 0.3% |
| FINANCE OF AMERICA REVERSE LLC | $740,000 | $1,510,000 | 104.1% | 0.3% |
| BMO Harris Bank | $1,440,000 | n/a | 0.3% | |
| Washington Federal Bank | $4,105,000 | $1,420,000 | -65.4% | 0.3% |
| AMERICA FIRST | $1,750,000 | $1,365,000 | -22.0% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $4,985,000 | $1,185,000 | -76.2% | 0.2% |
| CAPITAL EDUCATORS FEDERAL CREDIT UNION | $3,255,000 | $1,180,000 | -63.7% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,850,000 | $1,150,000 | -37.8% | 0.2% |
| BROKER SOLUTIONS, INC. | $1,730,000 | $1,145,000 | -33.8% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $935,000 | $1,110,000 | 18.7% | 0.2% |
| VERITAS FUNDING, LLC | $275,000 | $1,110,000 | 303.6% | 0.2% |
| JMJ FINANCIAL GROUP | $645,000 | $1,070,000 | 65.9% | 0.2% |
| Wells Fargo Bank | $5,985,000 | $1,065,000 | -82.2% | 0.2% |
| The Huntington National Bank | $1,010,000 | n/a | 0.2% | |
| CMG MORTGAGE, INC. | $1,465,000 | $965,000 | -34.1% | 0.2% |
| CANOPY MORTGAGE, LLC | $750,000 | $950,000 | 26.7% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,625,000 | $950,000 | -63.8% | 0.2% |
| Northwest Farm Credit Services, FLCA | $1,000,000 | $900,000 | -10.0% | 0.2% |
| DEEPHAVEN MORTGAGE LLC | $890,000 | n/a | 0.2% | |
| PREMIA MORTGAGE, LLC | $860,000 | n/a | 0.2% | |
| FIRST TECHNOLOGY | $815,000 | n/a | 0.1% | |
| VAN DYK MORTGAGE CORPORATION | $175,000 | $760,000 | 334.3% | 0.1% |
| Willamette Valley Bank | $1,965,000 | $745,000 | -62.1% | 0.1% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $295,000 | $735,000 | 149.2% | 0.1% |
| Bank of America | $790,000 | $720,000 | -8.9% | 0.1% |
| Waterstone Mortgage Corporation | $800,000 | $695,000 | -13.1% | 0.1% |
| NBKC BANK | $375,000 | $685,000 | 82.7% | 0.1% |
| INTERCAP LENDING INC. | $540,000 | $670,000 | 24.1% | 0.1% |
| LOANPAL, LLC | $2,710,000 | $655,000 | -75.8% | 0.1% |
| CITYWIDE HOME LOANS, LLC | $175,000 | $640,000 | 265.7% | 0.1% |
| GUARANTEED RATE, INC. | $950,000 | $640,000 | -32.6% | 0.1% |
| Toyota Financial Savings Bank | $625,000 | n/a | 0.1% | |
| Century Mortgage Company DBA Century Lending Company | $605,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $595,000 | n/a | 0.1% | |
| Commerce Home Mortgage, Inc. | $995,000 | $585,000 | -41.2% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $995,000 | $585,000 | -41.2% | 0.1% |
| Nations Lending Corporation | $430,000 | $550,000 | 27.9% | 0.1% |
| NEW DAY FINANCIAL, LLC | $2,540,000 | $550,000 | -78.3% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $400,000 | $545,000 | 36.3% | 0.1% |
| TJC Mortgage, Inc. | $520,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $215,000 | $500,000 | 132.6% | 0.1% |
| NEWREZ LLC | $2,525,000 | $490,000 | -80.6% | 0.1% |
| POINT Mortgage | $485,000 | n/a | 0.1% | |
| First International Bank & Trust | $465,000 | n/a | 0.1% | |
| DIGITAL Federal Credit Union | $385,000 | $455,000 | 18.2% | 0.1% |
| Glacier Bank | $1,985,000 | $445,000 | -77.6% | 0.1% |
| Ixonia Bank | $445,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $445,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $1,745,000 | $445,000 | -74.5% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $435,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $1,135,000 | $425,000 | -62.6% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $415,000 | n/a | 0.1% | |
| MANN FINANCIAL INC. | $595,000 | $415,000 | -30.3% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $415,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $2,295,000 | $395,000 | -82.8% | 0.1% |
| AMCAP MORTGAGE, LTD. | $1,040,000 | $390,000 | -62.5% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $125,000 | $385,000 | 208.0% | 0.1% |
| FLAT BRANCH MORTGAGE, INC. | $385,000 | n/a | 0.1% | |
| Ally Bank | $380,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $1,720,000 | $380,000 | -77.9% | 0.1% |
| Equity Prime Mortgage LLC | $75,000 | $380,000 | 406.7% | 0.1% |
| Carrington Mortgage Services, LLC | $2,165,000 | $370,000 | -82.9% | 0.1% |
| NP, Inc. | $365,000 | n/a | 0.1% | |
| The Loan Store, Inc. | $365,000 | n/a | 0.1% | |
| Central Bank | $355,000 | n/a | 0.1% | |
| LENDSURE MORTGAGE CORP. | $885,000 | $355,000 | -59.9% | 0.1% |
| CASTLE & COOKE MORTGAGE, LLC | $195,000 | $350,000 | 79.5% | 0.1% |
| DIRECTORS MORTGAGE, INC. | $175,000 | $345,000 | 97.1% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $345,000 | n/a | 0.1% | |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $650,000 | $335,000 | -48.5% | 0.1% |
| HomeTrust Bank | $95,000 | $325,000 | 242.1% | 0.1% |
| AmeriHome Mortgage Company, LLC | $295,000 | n/a | 0.1% | |
| CALIBER HOME LOANS, INC. | $3,865,000 | $295,000 | -92.4% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $470,000 | $285,000 | -39.4% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $285,000 | n/a | 0.1% | |
| Umpqua Bank | $535,000 | $280,000 | -47.7% | 0.1% |
| SIRVA MORTGAGE, INC. | $315,000 | $275,000 | -12.7% | 0.0% |
| SUMMIT FUNDING, INC. | $1,970,000 | $275,000 | -86.0% | 0.0% |
| The Bank of Commerce | $335,000 | $275,000 | -17.9% | 0.0% |
| LAKEVIEW LOAN SERVICING, LLC | $1,350,000 | $255,000 | -81.1% | 0.0% |
| Sunflower Bank | $255,000 | n/a | 0.0% | |
| Potlatch No. 1 Financial Credit Union | $85,000 | $250,000 | 194.1% | 0.0% |
| Gateway First Bank | $855,000 | $245,000 | -71.3% | 0.0% |
| Old National Bank | $245,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $1,430,000 | $245,000 | -82.9% | 0.0% |
| Washington Trust Bank | $325,000 | $245,000 | -24.6% | 0.0% |
| Signature Federal Credit Union | $240,000 | n/a | 0.0% | |
| RANLIFE, INC. | $835,000 | $225,000 | -73.1% | 0.0% |
| GTE Federal Credit Union | $295,000 | $220,000 | -25.4% | 0.0% |
| PNC Bank | $905,000 | $220,000 | -75.7% | 0.0% |
| Figure Lending LLC | $335,000 | $215,000 | -35.8% | 0.0% |
| OCMBC, INC. | $215,000 | n/a | 0.0% | |
| The Central Trust Bank | $215,000 | n/a | 0.0% | |
| Victorian Finance, LLC | $215,000 | n/a | 0.0% | |
| Alaska USA Federal Credit Union | $205,000 | n/a | 0.0% | |
| Coastal Community Bank | $205,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $185,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $560,000 | $180,000 | -67.9% | 0.0% |
| HORIZON | $190,000 | $165,000 | -13.2% | 0.0% |
| Plains Commerce Bank | $150,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $145,000 | n/a | 0.0% | |
| Utah Power | $135,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $125,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $125,000 | n/a | 0.0% | |
| BEEHIVE | $480,000 | $115,000 | -76.0% | 0.0% |
| Deere Employees Credit Union | $15,000 | $110,000 | 633.3% | 0.0% |
| Bank of the Pacific | $105,000 | n/a | 0.0% | |
| MASON MCDUFFIE MORTGAGE CORPORATION | $95,000 | n/a | 0.0% | |
| RESIDENTIAL MORTGAGE, LLC | $95,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $850,000 | $90,000 | -89.4% | 0.0% |
| CARDINAL FINANCIAL | $1,950,000 | $85,000 | -95.6% | 0.0% |
| Boeing Employees Credit Union | $480,000 | $75,000 | -84.4% | 0.0% |
| EAST IDAHO Credit Union | $240,000 | $75,000 | -68.8% | 0.0% |
| GEORGIA'S OWN | $75,000 | n/a | 0.0% | |
| GOLDENWEST | $285,000 | $75,000 | -73.7% | 0.0% |
| 21ST MORTGAGE CORPORATION | $255,000 | $65,000 | -74.5% | 0.0% |
| Centier Bank | $55,000 | n/a | 0.0% | |
| Heritage Bank | $55,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $35,000 | n/a | 0.0% |
TWIN FALLS's top lender by overall market share is First Federal Savings Bank of Twin Falls, with 13.8% market share. In second place, with 13.8%, is IDAHO CENTRAL, having originated $76,815,000 in loans. In third place, with 7.7%, is PREMIER MORTGAGE RESOURCES, L.L.C., having originated $43,075,000 in loans. In fourth place, with 5.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $33,200,000 in loans. In fifth place, with 5.2%, is NFM, INC., having originated $29,070,000 in loans.
TWIN FALLS, ID Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,399 | $400,355,000 | $286,172 |
| Cash Out Refi | 424 | $68,170,000 | $160,778 |
| Home Improvement | 393 | $31,465,000 | $80,064 |
| Other | 232 | $20,110,000 | $86,681 |
| Refi | 184 | $37,990,000 | $206,467 |
Twin Falls's most frequently cited loan purpose was Home Purchase, with 1,399 originations. The 2nd most popular reason was Cash Out Refi, with 424 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 823 | $228,855,000 | $278,074 |
| Over 8% | 799 | $71,015,000 | $88,880 |
| 5-6% | 488 | $140,100,000 | $287,090 |
| 7-8% | 476 | $105,760,000 | $222,185 |
| 4-5% | 37 | $10,355,000 | $279,865 |
| 3-4% | 3 | $485,000 | $161,667 |
| <2.5% | 1 | $225,000 | $225,000 |
| 2.5-3% | 1 | $545,000 | $545,000 |
During 2023, Twin Falls's most frequently originated rate bucket was 6-7%, with 823 originations.
Loan Sizing (TWIN FALLS, ID MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,010 | $292,190,000 | $289,297 |
| $100,000 or less | 862 | $39,150,000 | $45,418 |
| $100k-200k | 496 | $72,750,000 | $146,673 |
| $400k-600k | 204 | $95,370,000 | $467,500 |
| $600k-1000k | 51 | $35,005,000 | $686,373 |
| $Over $1MM | 9 | $23,625,000 | $2,625,000 |
TWIN FALLS's loan sizing saw the bucket of loans from $200k-400k with 1,010 originations, totaling $292,190,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 840 | $272,420,000 | $324,310 |
| Under 20% | 706 | $30,150,000 | $42,705 |
| 60-80% | 424 | $142,100,000 | $335,142 |
| 20-40% | 366 | $45,170,000 | $123,415 |
| 40-60% | 263 | $57,435,000 | $218,384 |
| Over 100% | 25 | $9,225,000 | $369,000 |
TWIN FALLS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 840 originations, totaling $272,420,000 in origination value.