Idaho USDA Loan Rates, Closing Costs & Stats

Idaho

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    • 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 USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Idaho averaged 6.56% for the week of 2024-05-03, compared to the national average (all USDA variants) of 6.892% for the same period.

    Idaho's average USDA mortgage closing costs are $6,805.

    The average rate for the prior week (2024-04-26) was 6.51% and one month ago for the week of 2024-03-29, the average rate was 6.46%.

    The average rate one year ago was 6.19%.

    For refis of the same type during the week of 2024-05-03, the average rate was 7.02%.

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

    Idaho 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 level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 12 5.37% $11,886
    CANOPY MORTGAGE, LLC 8 6.12% $12,830
    GUILD MORTGAGE COMPANY 6 5.71% $8,666
    FIRST COLONY MORTGAGE CORPORATION 5 6.13% $5,536
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 5.72% $8,841
    AXIA FINANCIAL, LLC 4 5.94% $6,826
    Eagle Bank and Trust Company 3 5.29% $9,499
    CORNERSTONE HOME LENDING, INC. 3 5.54% $10,476
    MANN FINANCIAL INC. 2 6.25% $8,261
    BEEHIVE 2 5.63% $8,207
    ADVANTAGE PLUS 2 6.00% $6,021
    IDAHO CENTRAL 2 6.06% $9,748
    Century Mortgage Company DBA Century Lending Company 2 6.50% $11,781
    First Federal Savings Bank of Twin Falls 2 6.06% $10,799
    MOVEMENT MORTGAGE, LLC 2 6.69% $10,594
    INTERCAP LENDING INC. 2 5.44% $10,866
    NFM, INC. 2 5.81% $12,794
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.63% $11,671
    Sierra Pacific Mortgage Company, Inc. 1 5.99% $16,252
    SUMMIT FUNDING, INC. 1 6.25% $13,632
    U.S. Bank 1 5.25% $18,604
    ACADEMY MORTGAGE CORPORATION 1 5.50% $9,738
    Wallick & Volk, Inc. 1 6.38% $11,515
    Bank of England 1 6.00% $20,119
    Bank of Idaho 1 5.50% $10,114
    BAY EQUITY LLC 1 6.25% $10,178
    BELEM SERVICING LLC 1 5.75% $10,949
    Cache Valley Bank 1 5.88% $1,025
    CARDINAL FINANCIAL 1 5.50% $7,003
    First Savings Bank 1 5.75% $7,058
    Flagstar Bank, FSB 1 6.25% $9,050
    Gateway First Bank 1 5.75% $5,277
    GENEVA FINANCIAL, LLC 1 6.88% $13,811
    GUARANTEED RATE, INC. 1 5.75% $8,639
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.25% $8,677
    Mortgage Research Center, LLC 1 6.25% $8,240
    MY MOVE MORTGAGE, LLC 1 5.88% $10,533
    NEWREZ LLC 1 6.13% $9,550
    Paramount Residential Mortgage Group, Inc. 1 6.00% $13,057

    The top Idaho USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 12 USDA loans originated. Their average total fees are $11,886, which is $944 lower than the next largest lender, CANOPY MORTGAGE, LLC.

    The lowest fee Idaho USDA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($11,886), .

    The lowest rate Idaho USDA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.37%), .