Idaho FHA Loan Rates, Closing Costs & Stats

Idaho

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 6.35% for the week of 2024-12-06, compared to the national average (all FHA variants) of 6.363% for the same period.

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

The average rate for the prior week (2024-11-29) was 6.29% and one month ago for the week of 2024-11-01, the average rate was 6.39%.

The average rate one year ago was 6.71%.

For refis of the same type during the week of 2024-12-06, the average rate was 6.61%.

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).