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Mortgage rates in Idaho

Rates have closely mirrored the national average since 1999.

Mortgage rates in the Gem State don’t vary much between conventional and government-backed loans, averaging 4.562% across all loan types. Idaho interest rates will likely hang around 4% in 2020.

Compare mortgage lenders and brokers

Compare these lenders and lender marketplaces by the type of home loan you're searching for, state availability and minimum credit score (for a conventional loan). Select See rates to provide the company with basic property and financial details for personalized rates.
Name Product Loan products offered State availability Min. credit score
Morty
(NMLS #1429243)
Morty
Conventional, Jumbo, Refinance
AL, AR, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, MD, ME, MI, MN, MS, MT, NC, NE, NJ, NM, OH, OK, OR, PA, SC, TN, VA, WA, WI, WV
660
Preapproval in minutes and closing in as little as 3 weeks with no origination fees.
SoFi
(NMLS #1121636)
SoFi
Conventional, Home equity, Refinance
Not available in: HI, MO, NM, NY, WV
620
No hidden fees, multiple loan terms, and member discounts available.
Rocket Mortgage
(NMLS #3030)
Rocket Mortgage
Conventional, Jumbo, FHA, VA, Refinance
Available in all states
620
Streamline your mortgage from quote to final payment — all from your computer or phone.
Better
(NMLS #330511)
Better
Conventional, Jumbo, FHA, Refinance
Not available in: HI, MA, MN, NV, NH, VT, VA
620
Online preapproval in minutes and no origination fees with this direct lender.
LendingTree
(NMLS #1136)
LendingTree
Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Available in all states
620
Connect with vetted home loan lenders quickly through this online marketplace.
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How much do Idaho rates vary by loan?

Idaho mortgage rates for 30-year loans averaged from 4.421% to 4.759% in 2018. Multiple factors can raise or lower your interest rate. For example, government-backed loan programs, such as FHA loans, typically have lower interest rates than conventional mortgages, although conventional options have fewer borrower and property limitations.

2018 average rates in Idaho by loan type

Loan type15-year average rate30-year average rate

Conventional4.287%4.759%
FHA4.224%4.575%
VA3.904%4.493%
USDAN/A4.421%

Based on data from ffiec.cfpb.gov.

Even a fraction of a percentage in interest rate can impact your monthly payment and the amount of interest you pay over the life of the loan.

For example, if you borrow $185,000 with a 30-year conventional loan with an interest rate of 4.759%, you could pay $966 a month, before taxes and other fees specific to your mortgage. On the other hand, if you can qualify for an FHA loan with a slightly lower interest rate of 4.575%, your monthly payment could be $945.

Although it’s only a difference of $20 per month, the FHA loan could save you $7,351 in interest payments over the entire loan term.

Which way are rates trending in Idaho?

Mortgage rates in Idaho will likely hover around the 4% mark in 2020.

Idaho mortgage rates have historically imitated the national average, especially since 1999. Greg McBride, Bankrate chief financial analyst, predicts that US mortgage rates will be relatively stable and stay around 4% in 2020. And several nationwide housing agencies forecast 30-year rates just south of the 4% mark. Idaho will likely perform similarly.

Compare mortgage rates throughout Idaho

Average mortgage rates and home values can vary within Idaho, depending on where the property is located.

We analyzed data from the Home Mortgage Disclosure Act to demonstrate what you might pay for the average 30-year fixed-rate mortgage in different metropolitan areas in Idaho. These estimates don’t account for taxes, fees or other costs specific to your mortgage.

Metropolitan statistical area (MSA)Average mortgage rateMedian loan amountEstimated monthly cost

Boise City4.698%$235,000$1,220
Coeur d’Alene4.708%$245,000$1,270
Idaho Falls4.574%$185,000$950
Lewiston MSA (Nez Perce County, ID)4.738%$185,000$960
Logan MSA (Franklin County, ID)4.574%$175,000$890
Pocatello4.622%$155,000$800
Twin Falls4.637%$175,000$900

Based on data from ffiec.cfpb.gov.

How to get the best mortgage rate in Idaho

Some steps you can take to make you a more attractive borrower and get a better rate on your home loan:

  1. Compare loan programs. Each loan product has a unique set of loan terms. Research what loan programs you qualify for to compare interest rates.
  2. Build up your borrowing profile. Take some time to raise your credit score and pay off debts to make yourself a more attractive borrower.
  3. Calculate the closing costs. Closing fees vary by lender and usually range from 1.01% to 1.52% of the purchase price in Idaho. Some lenders charge higher closing costs in exchange for lower interest rates. Shop around to find the right loan terms for your situation.

Historical mortgage interest rates in Idaho

Bottom line

Idaho mortgage rates historically imitate the national average, and rates are likely to remain stable at around 4% into 2020. Compare loan products and lenders to find the right program for you.

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