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Idaho

Current Idaho Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Idaho. Review free, personalized mortgage rates for Idaho based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Idaho. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for Idaho as of July 5, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's Idaho Mortgage Rates Compare?

July 5, 2020

The current average rate for a 30 year fixed rate mortgage in Idaho is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Idaho Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Idaho?

Below we offer valuable insights on the housing market and real estate prices in Idaho. Understand how much you need to make to buy a house in Idaho, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Idaho is affordable for you. We provide this helpful information to help you decide if living in Idaho is right for you.

The median home value for Idaho is $255,548

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Idaho is $45,992

With this income, you could qualify for a $229,993 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Idaho is $1,065

The median household income for Idaho is $54,288

Based on this income, you can afford a home valued at approximately $301,643

The home price you can afford to buy based on household income in Idaho is 118% of the median home value which means housing prices are expensive. Idaho ranks 37 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Idaho is expensive

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Additional Mortgage Resources for Idaho Residents

Mortgage Rates for Idaho Cities

Ada Mortgage Rates

Bingham Mortgage Rates

Bonner Mortgage Rates

Caldwell Mortgage Rates

Coeur d'Alene Mortgage Rates

Idaho Falls Mortgage Rates

Lewiston Mortgage Rates

Moscow Mortgage Rates

Pocatello Mortgage Rates

Twin Falls Mortgage Rates