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Idaho Mortgages (ID)
The Idaho Statesman reports that the real estate market is invigorated in Idaho, with real estate values outpacing the average increase in the nation. Idaho is now 12th in the nation for fastest-growing appreciation rate. Idaho also enjoys the third highest job-growth rate in the country. With more serviced lots coming on the market, new housing construction will moderate price increases in housing in Idaho. Mortgage rates fell slightly in early April, making this a good time to purchase or re-finance a home in Idaho.
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Quick Idaho Housing facts
Percent of Idahoans who own a home: 72.4%
Percent of Renters in Idaho: 27.6%
Median Idaho Household Income: $40,476
Average Idaho credit score: 688
Best City to live in Idaho: Meridian, Idaho
Median Idaho Home Value: $106,300
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How much house can I afford in Idaho
One of the biggest problems facing Idaho homebuyers is figuring out how much house you can afford. We have some great mortgage calculators that can help you figure how much home will fit into your monthly budget. Other factors lenders might look at is what your FICO score is, what your debt-to-income ratio is, and how much you can afford for a monthly payment.
Refinancing in Idaho
With rates still at historic lows, refinancing is still a great option if you want to lower you monthly payments, consolidate all your high interest credit card debt, or if you are looking to snag a lower rate. The first step towards refinancing is to fill out our mortgage quote request and a qualified mortgage specialist will contact you.
Request a free Idaho mortgage quote
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This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.
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| Type of Loan |
Rate* APR* |
| 5 Year ARM | 5.821% 5.033% |
| 15 Year Fixed | 5.243% 5.288% |
| 30 Year Fixed | 5.729% 5.717% |
| Home Equity Loan | 7.420% 5.740% |
| HELOC | 6.305% 6.990% |
| *Rate & APR Based on The Bradford Index |
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