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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 January 20, 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 Falls, ID Mortgage Rates Compare?

January 20, 2020

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?

Below we provide helpful information on the real estate market, home prices and housing affordability in Idaho Falls. Understand how much you need to earn to afford a home in Idaho Falls, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Idaho Falls fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Idaho Falls is right for you.

The median home value for Idaho Falls, ID (Bonneville County) is $226,734

Based on current mortgage rates and a 10% down payment, you need to make $40,806 per year to buy the median priced home in Idaho Falls

With this income, you could qualify for a $204,060 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 Falls is $945

The median household income for Idaho Falls, ID (Bonneville County) is $57,109

Based on this income, you can afford a home valued at approximately $317,317

The home price you can afford to buy based on household income in Idaho Falls is 140% of the median home value which means housing prices are average. Idaho Falls (Bonneville County) ranks 23 out of 44 counties in Idaho and 2,669 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: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Idaho Falls, ID

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Idaho Falls, ID

1 unit: $510,400

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