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Twin Falls

Current Mortgage Rates in Twin Falls, Idaho

Compare mortgage rates and fees for leading lenders in Twin 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 Twin 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 Twin Falls. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates in Twin Falls, ID as of October 20, 2019
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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.

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

October 20, 2019

The current average rate for a 30 year fixed rate mortgage in Twin 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
Twin 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 Twin Falls, Idaho?

The median home value for Twin Falls, ID is $186,807

The median household income for Twin Falls, ID is $50,620

Based on current mortgage rates and a 10% down payment, you need to make $34,659 per year to buy the median priced home in Twin Falls

The home price you can afford to buy based on household income in Twin Falls is 146% of the median home value which means housing prices are average

Twin Falls ranks 23 out of 44 counties in Idaho and 2,594 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Twin Falls, ID is average

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Loan Limits for Twin Falls, Idaho

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Twin Falls below.

Conforming loan limits for Twin Falls, ID

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

FHA loan limits for Twin Falls, ID

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

VA loan limits for Twin Falls, ID

1 unit: $484,350

Additional Mortgage Resources for Twin Falls, ID Residents

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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