Compare mortgage rates and fees for leading lenders in Idaho Falls, ID. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Idaho Falls.
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 Falls. Plus, shopping lenders is free and there is no obligation.
October 23, 2019
The current average rate for a 30 year fixed rate mortgage in Idaho Falls 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%
The median home value for Idaho Falls, ID (Bonneville County) is $200,295
The median household income for Idaho Falls, ID (Bonneville County) is $55,805
Based on current mortgage rates and a 10% down payment, you need to make $37,161 per year to buy the median priced home in Idaho Falls
The home price you can afford to buy based on household income in Idaho Falls is 150% of the median home value which means housing prices are average
Idaho Falls (Bonneville County) ranks 21 out of 44 counties in Idaho and 2,537 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Idaho Falls, ID is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Idaho Falls (Bonneville County) below.
Conforming loan limits for Idaho Falls, ID
FHA loan limits for Idaho Falls, ID
VA loan limits for Idaho Falls, ID
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index