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Idaho Falls

Current Mortgage Rates in Idaho Falls, Idaho

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.

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Mortgage Rates in Idaho Falls, ID as of October 23, 2019
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

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.

How Do Today's Idaho Falls, ID Mortgage Rates Compare?

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%

Mortgage Program
Today's
Idaho Falls, ID Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Idaho Falls, Idaho?

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

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Loan Limits for Idaho Falls, Idaho

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

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Idaho Falls, ID

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Idaho Falls, ID

1 unit: $484,350

Additional Mortgage Resources for Idaho Falls, ID Residents

Mortgage Rates for Idaho Cities

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Moscow Mortgage Rates

Pocatello Mortgage Rates

Twin Falls Mortgage Rates

Sources

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