Idaho FHA Loan Rates, Closing Costs & Stats

Idaho

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Idaho FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Idaho averaged -0.41% for the week of 2024-11-15, compared to the national average (all FHA variants) of 0% for the same period.

    Idaho's average FHA mortgage closing costs are $9,866.

    The average rate for the prior week (2024-11-08) was 6.2% and one month ago for the week of 2024-10-11, the average rate was 6%.

    The average rate one year ago was 6.84%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.05%.

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

    Idaho FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Idaho level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 373 5.99% $15,278
    QUICKEN LOANS, LLC 295 6.06% $14,527
    IDAHO CENTRAL 211 6.33% $12,401
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 178 6.18% $14,573
    GUILD MORTGAGE COMPANY 162 6.43% $13,997
    AMERICAN PACIFIC MORTGAGE CORPORATION 154 6.57% $13,765
    LOANDEPOT.COM, LLC 136 6.25% $15,876
    MOVEMENT MORTGAGE, LLC 125 6.52% $15,362
    Willamette Valley Bank 110 6.28% $17,332
    S1L, Inc. 103 6.30% $14,173
    PREMIER MORTGAGE RESOURCES, L.L.C. 94 6.21% $17,996
    FIRST COLONY MORTGAGE CORPORATION 89 6.50% $12,998
    AXIA FINANCIAL, LLC 86 6.60% $12,442
    NFM, INC. 75 6.46% $13,384
    CANOPY MORTGAGE, LLC 70 6.40% $14,638
    CORNERSTONE HOME LENDING, INC. 69 6.26% $13,417
    SUMMIT FUNDING, INC. 68 6.31% $14,894
    MANN FINANCIAL INC. 58 6.66% $12,029
    Eagle Bank and Trust Company 53 6.38% $12,851
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 53 6.45% $14,881
    AMCAP MORTGAGE, LTD. 49 6.42% $17,693
    ACADEMY MORTGAGE CORPORATION 48 5.92% $14,966
    Waterstone Mortgage Corporation 47 6.33% $15,759
    PRIMELENDING, A PLAINSCAPITAL COMPANY 39 6.33% $15,196
    Sunflower Bank 39 6.29% $15,167
    BROKER SOLUTIONS, INC. 33 6.68% $15,138
    CROSSCOUNTRY MORTGAGE, LLC 31 6.53% $14,818
    Glacier Bank 30 6.29% $14,979
    MUTUAL OF OMAHA MORTGAGE, INC. 30 6.38% $15,147
    GUARANTEED RATE, INC. 29 6.11% $16,030
    PENNYMAC LOAN SERVICES, LLC 27 6.02% $15,471
    VAN DYK MORTGAGE CORPORATION 27 6.49% $9,918
    FREEDOM MORTGAGE CORPORATION 27 6.77% $15,350
    Bank of England 26 6.05% $14,367
    CHURCHILL MORTGAGE CORPORATION 26 6.56% $14,834
    BAY EQUITY LLC 24 6.48% $15,114
    NEWREZ LLC 24 6.40% $14,469
    AMERISAVE MORTGAGE CORPORATION 23 6.11% $17,399
    Flagstar Bank, FSB 23 6.46% $11,921
    VERITAS FUNDING, LLC 22 6.45% $16,087
    BELEM SERVICING LLC 22 6.70% $15,303
    Franklin Loan Corporation 22 6.07% $16,869
    Mr. Cooper ( Nationstar Mortgage ) 20 6.18% $19,066
    CMG MORTGAGE, INC. 19 6.52% $16,466
    LAKEVIEW LOAN SERVICING, LLC 19 6.20% $14,660
    ADVANTAGE PLUS 17 6.36% $10,259
    Paramount Residential Mortgage Group, Inc. 17 6.35% $15,168
    SUN WEST MORTGAGE COMPANY, INC. 16 6.34% $14,201
    AMERICAN FINANCING CORPORATION 15 6.35% $15,394
    PLANET HOME LENDING, LLC 14 5.79% $14,644
    T2 FINANCIAL LLC 14 6.49% $18,905
    CARDINAL FINANCIAL 14 6.33% $15,025
    PRIMARY RESIDENTIAL MORTGAGE, INC. 14 6.64% $15,817
    CASTLE & COOKE MORTGAGE, LLC 13 6.56% $15,042
    U.S. Bank 13 6.34% $13,826
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 12 6.73% $15,781
    Century Mortgage Company DBA Century Lending Company 12 6.72% $13,819
    LOANPAL, LLC 12 5.88% $14,598
    Platinum Home Mortgage Corporation 12 6.43% $16,756
    Bank of Idaho 11 6.59% $13,320
    MOUNTAIN AMERICA 11 6.44% $10,060
    JMJ FINANCIAL GROUP 11 6.51% $17,138
    AMERICAN FINANCIAL NETWORK, INC. 10 6.95% $15,738
    KBHS HOME LOANS, LLC 10 6.05% $19,301
    MY MOVE MORTGAGE, LLC 10 5.99% $20,253
    American Mortgage & Equity Consultants, Inc. 10 6.47% $17,596
    SECURITYNATIONAL MORTGAGE COMPANY 10 6.79% $13,912
    EAGLE HOME MORTGAGE, LLC 10 5.87% $15,065
    D. L. Evans Bank 9 6.18% $10,876
    HOMEAMERICAN MORTGAGE CORPORATION 9 5.07% $9,333
    LAND HOME FINANCIAL SERVICES, INC. 9 6.63% $11,298
    TBI MORTGAGE COMPANY 9 5.74% $18,101
    MORTGAGE SOLUTIONS OF COLORADO, LLC 9 6.54% $14,900
    Sierra Pacific Mortgage Company, Inc. 9 6.08% $12,713
    WESTMARK Credit Union 8 6.70% $5,445
    Plains Commerce Bank 8 7.03% $13,332
    Umpqua Bank 8 6.61% $13,181
    Commerce Home Mortgage, Inc. 8 6.47% $11,837
    PLAZA HOME MORTGAGE, INC. 7 6.04% $15,642
    Equity Prime Mortgage LLC 7 6.52% $12,624
    Carrington Mortgage Services, LLC 7 6.57% $12,974
    Gateway First Bank 7 6.59% $11,090
    Wallick & Volk, Inc. 7 6.29% $9,067
    POLARIS HOME FUNDING CORP. 7 6.93% $15,202
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 6.61% $18,503
    Nations Lending Corporation 7 6.20% $18,703
    The Loan Store, Inc. 6 6.79% $11,883
    HOMEBRIDGE FINANCIAL SERVICES, INC. 6 6.25% $17,533
    TOP FLITE FINANCIAL, INC. 6 6.92% $12,174
    Summit Mortgage Corporation 6 6.37% $18,938
    First Federal Savings Bank of Twin Falls 6 6.54% $12,055
    INTERCAP LENDING INC. 5 6.50% $13,255
    MID AMERICA MORTGAGE, INC. 5 7.15% $4,778
    CITY FIRST MORTGAGE SERVICES, L.L.C. 5 6.64% $15,821
    ZILLOW HOME LOANS, LLC 4 5.22% $15,561
    Mortgage Research Center, LLC 4 6.97% $7,903
    Wells Fargo Bank 4 6.41% $12,482
    VILLAGE CAPITAL MORTGAGE 4 5.98% $17,657
    Zions Bank 4 6.66% $11,230
    AmeriHome Mortgage Company, LLC 4 6.16% $11,857
    RANLIFE, INC. 4 6.56% $17,887
    PRIORITY HOME LENDING, LLC 4 5.44% $16,702
    The Federal Savings Bank 3 6.29% $22,871
    Banner Bank 3 5.58% $13,629
    CALCON MUTUAL MORTGAGE LLC 3 5.67% $26,176
    CHERRY CREEK MORTGAGE, LLC 3 6.13% $6,565
    ENVOY MORTGAGE, LTD 3 7.13% $18,298
    First Interstate Bank 3 6.75% $9,735
    HOMESIDE FINANCIAL, LLC 3 7.04% $19,802
    NATIONS DIRECT MORTGAGE, LLC 3 6.42% $10,277
    PACIFIC RESIDENTIAL MORTGAGE, LLC 3 6.75% $14,660
    PREMIER LENDING, INC. 3 7.08% $14,886
    JPMorgan Chase Bank 2 6.69% $12,872
    Cornerstone First Mortgage, Inc 2 7.00% $12,909
    The Central Trust Bank 2 6.50% $15,788
    CITYWIDE HOME LOANS, LLC 2 7.13% $15,366
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.38% $21,886
    Ixonia Bank 2 6.69% $9,951
    CALIBER HOME LOANS, INC. 2 6.00% $17,709
    Cache Valley Bank 2 5.81% $4,686
    UNION HOME MORTGAGE CORP. 2 7.06% $12,970
    Prosperity Home Mortgage, LLC 2 6.56% $17,577
    Magnolia Bank 2 5.75% $13,048
    GOLDENWEST 2 5.56% $21,558
    Northpointe Bank 2 7.00% $16,946
    LEADERONE FINANCIAL CORPORATION 2 6.25% $12,894
    SECURITY HOME MORTGAGE, LLC. 2 6.88% $11,196
    OCMBC, INC. 2 6.56% $16,707
    V.I.P. MORTGAGE, INC. 2 6.94% $19,432
    ON Q FINANCIAL, INC. 2 6.06% $12,130
    PHH Mortgage Corporation 2 5.56% $18,675
    Barrington Bank & Trust Company, N.A. 2 5.94% $14,110
    ALAMEDA MORTGAGE CORPORATION 2 6.00% $18,796
    EVERETT FINANCIAL, INC. 2 5.88% $17,924
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.56% $16,576
    KeyBank 2 5.88% $11,772
    DRAPER AND KRAMER MORTGAGE CORP. 2 5.88% $14,132
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.75% $27,351
    BETTER MORTGAGE CORPORATION 1 6.00% $20,154
    Bell Bank 1 6.75% $11,968
    Victorian Finance, LLC 1 5.75% $11,143
    BECKAM FUNDING CORP. 1 7.25% $23,806
    BAY-VALLEY MORTGAGE GROUP 1 7.88% $31,076
    Washington Trust Bank 1 6.75% $18,401
    Bank of Utah 1 5.75% $13,559
    AUGUSTA FINANCIAL, INC. 1 5.25% $14,450
    NEW DAY FINANCIAL, LLC 1 7.99% $7,772
    North American Savings Bank, F.S.B. 1 5.38% $1,968
    NETWORK CAPITAL FUNDING CORPORATION 1 6.50% $11,254
    NP, Inc. 1 6.50% $14,113
    NUMERICA CREDIT UNION 1 7.25% $8,393
    NBKC BANK 1 6.25% $9,805
    M&T Bank 1 6.75% $11,777
    PENTAGON FEDERAL CREDIT UNION 1 5.13% $15,807
    MORTGAGEONE, INC. 1 7.00% $13,517
    LPMC, LLC 1 6.25% $22,037
    POINT Mortgage 1 5.38% $32,148
    LADERA LENDING, INC. 1 7.25% $14,872
    PREMIA MORTGAGE, LLC 1 5.25% $5,863
    JMAC LENDING, INC. 1 7.00% $13,853
    GSF Mortgage Corporation 1 3.25% $11,163
    RESIDENTIAL MORTGAGE, LLC 1 7.49% $10,450
    GENEVA FINANCIAL, LLC 1 6.50% $13,357
    First Savings Bank 1 6.25% $18,378
    First Federal Bank 1 6.50% $14,611
    SOVEREIGN LENDING GROUP INCORPORATED 1 6.49% $20,288
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.75% $18,062
    EAST IDAHO Credit Union 1 7.75% $0
    DAS Acquisition Company, LLC 1 7.00% $13,508
    Chickasaw Community Bank 1 6.88% $10,043
    TJC Mortgage, Inc. 1 6.25% $17,390
    Boeing Employees Credit Union 1 6.88% $11,699
    BNC National Bank 1 6.63% $5,393

    The top Idaho FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 373 FHA loans originated. Their average total fees are $15,278, which is $750 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Idaho FHA lenders (with over 10 loans originated) are VAN DYK MORTGAGE CORPORATION ($9,918), MOUNTAIN AMERICA ($10,060), ADVANTAGE PLUS ($10,259), Flagstar Bank, FSB ($11,921) and MANN FINANCIAL INC. ($12,029).

    The lowest rate Idaho FHA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC (5.79%), EAGLE HOME MORTGAGE, LLC (5.87%), LOANPAL, LLC (5.88%), ACADEMY MORTGAGE CORPORATION (5.92%) and UNITED WHOLESALE MORTGAGE, LLC (5.99%).

    Idaho FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    BOISE CITY, ID ADA 2022 $515,200 $659,550 $797,250 $990,800
    NON-METRO ADAMS 2022 $420,680 $538,650 $651,050 $809,150
    POCATELLO, ID BANNOCK 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BEAR LAKE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BENEWAH 2022 $420,680 $538,650 $651,050 $809,150
    BLACKFOOT, ID BINGHAM 2022 $420,680 $538,650 $651,050 $809,150
    HAILEY, ID BLAINE 2022 $648,600 $830,300 $1,003,650 $1,247,300
    BOISE CITY, ID BOISE 2022 $515,200 $659,550 $797,250 $990,800
    SANDPOINT, ID BONNER 2022 $427,800 $547,650 $662,000 $822,700
    IDAHO FALLS, ID BONNEVILLE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BOUNDARY 2022 $420,680 $538,650 $651,050 $809,150
    IDAHO FALLS, ID BUTTE 2022 $420,680 $538,650 $651,050 $809,150
    HAILEY, ID CAMAS 2022 $648,600 $830,300 $1,003,650 $1,247,300
    BOISE CITY, ID CANYON 2022 $515,200 $659,550 $797,250 $990,800
    NON-METRO CARIBOU 2022 $420,680 $538,650 $651,050 $809,150
    BURLEY, ID CASSIA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CLARK 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CLEARWATER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CUSTER 2022 $420,680 $538,650 $651,050 $809,150
    MOUNTAIN HOME, ID ELMORE 2022 $420,680 $538,650 $651,050 $809,150
    LOGAN, UT-ID FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
    REXBURG, ID FREMONT 2022 $420,680 $538,650 $651,050 $809,150
    BOISE CITY, ID GEM 2022 $515,200 $659,550 $797,250 $990,800
    NON-METRO GOODING 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO IDAHO 2022 $420,680 $538,650 $651,050 $809,150
    IDAHO FALLS, ID JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
    TWIN FALLS, ID JEROME 2022 $420,680 $538,650 $651,050 $809,150
    COEUR D'ALENE, ID KOOTENAI 2022 $483,000 $618,300 $747,400 $928,850
    MOSCOW, ID LATAH 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LEMHI 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LEWIS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LINCOLN 2022 $420,680 $538,650 $651,050 $809,150
    REXBURG, ID MADISON 2022 $420,680 $538,650 $651,050 $809,150
    BURLEY, ID MINIDOKA 2022 $420,680 $538,650 $651,050 $809,150
    LEWISTON, ID-WA NEZ PERCE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ONEIDA 2022 $420,680 $538,650 $651,050 $809,150
    BOISE CITY, ID OWYHEE 2022 $515,200 $659,550 $797,250 $990,800
    ONTARIO, OR-ID PAYETTE 2022 $420,680 $538,650 $651,050 $809,150
    POCATELLO, ID POWER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SHOSHONE 2022 $420,680 $538,650 $651,050 $809,150
    JACKSON, WY-ID TETON 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    TWIN FALLS, ID TWIN FALLS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO VALLEY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
    BOISE CITY, ID ADA 2023 $586,500 $750,800 $907,550 $1,127,900
    NON-METRO ADAMS 2023 $472,030 $604,400 $730,525 $907,900
    POCATELLO, ID BANNOCK 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BEAR LAKE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BENEWAH 2023 $472,030 $604,400 $730,525 $907,900
    BLACKFOOT, ID BINGHAM 2023 $472,030 $604,400 $730,525 $907,900
    HAILEY, ID BLAINE 2023 $740,600 $948,100 $1,146,050 $1,424,250
    BOISE CITY, ID BOISE 2023 $586,500 $750,800 $907,550 $1,127,900
    SANDPOINT, ID BONNER 2023 $523,250 $669,850 $809,700 $1,006,250
    IDAHO FALLS, ID BONNEVILLE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BOUNDARY 2023 $472,030 $604,400 $730,525 $907,900
    IDAHO FALLS, ID BUTTE 2023 $472,030 $604,400 $730,525 $907,900
    HAILEY, ID CAMAS 2023 $740,600 $948,100 $1,146,050 $1,424,250
    BOISE CITY, ID CANYON 2023 $586,500 $750,800 $907,550 $1,127,900
    NON-METRO CARIBOU 2023 $472,030 $604,400 $730,525 $907,900
    BURLEY, ID CASSIA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CLARK 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CLEARWATER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CUSTER 2023 $472,030 $604,400 $730,525 $907,900
    MOUNTAIN HOME, ID ELMORE 2023 $472,030 $604,400 $730,525 $907,900
    LOGAN, UT-ID FRANKLIN 2023 $492,200 $630,100 $761,650 $946,550
    REXBURG, ID FREMONT 2023 $472,030 $604,400 $730,525 $907,900
    BOISE CITY, ID GEM 2023 $586,500 $750,800 $907,550 $1,127,900
    NON-METRO GOODING 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO IDAHO 2023 $472,030 $604,400 $730,525 $907,900
    IDAHO FALLS, ID JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
    TWIN FALLS, ID JEROME 2023 $472,030 $604,400 $730,525 $907,900
    COEUR D'ALENE, ID KOOTENAI 2023 $572,700 $733,150 $886,200 $1,101,350
    MOSCOW, ID LATAH 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LEMHI 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LEWIS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LINCOLN 2023 $472,030 $604,400 $730,525 $907,900
    REXBURG, ID MADISON 2023 $472,030 $604,400 $730,525 $907,900
    BURLEY, ID MINIDOKA 2023 $472,030 $604,400 $730,525 $907,900
    LEWISTON, ID-WA NEZ PERCE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO ONEIDA 2023 $472,030 $604,400 $730,525 $907,900
    BOISE CITY, ID OWYHEE 2023 $586,500 $750,800 $907,550 $1,127,900
    ONTARIO, OR-ID PAYETTE 2023 $472,030 $604,400 $730,525 $907,900
    POCATELLO, ID POWER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SHOSHONE 2023 $472,030 $604,400 $730,525 $907,900
    JACKSON, WY-ID TETON 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    TWIN FALLS, ID TWIN FALLS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO VALLEY 2023 $573,850 $734,650 $888,000 $1,103,550
    NON-METRO WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).