Idaho USDA Loan Rates, Closing Costs & Stats

Idaho

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 6.35% for the week of 2024-05-10, compared to the national average (all USDA variants) of 6.785% for the same period.

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

The average rate for the prior week (2024-05-03) was 6.74% and one month ago for the week of 2024-04-05, the average rate was 6.5%.

The average rate one year ago was 6.38%.

For refis of the same type during the week of 2024-05-10, the average rate was 6.91%.

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%), .