Idaho Mortgage Rates Today — Compare ID Lenders
The average 30-year fixed mortgage rate in Idaho is currently 6.55% APR. Boise has experienced dramatic price appreciation driven by California and Washington in-migration. Ada County has a conforming loan limit of $833,800. Compare today’s rates from top Idaho lenders across all major loan types below.
Idaho Mortgage Rate Comparison Table
Rates below assume a 740+ credit score, 20% down payment, and a $420,000 loan on a single-family primary residence in Idaho.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.55% | 6.55% | Most Popular |
| 15-Year Fixed | 5.90% | 5.90% | Pay off faster, save interest |
| 5/1 ARM | 6.67% | 6.67% | Short-term owners |
| FHA 30-Year | 6.20% | 6.20% | Low down payment |
| VA 30-Year | 6.03% | 6.03% | Veterans & military |
| 30-Year Refinance | 6.67% | 6.67% | Existing homeowners |
Rates sourced from lender survey data and updated regularly. Actual rates vary by lender and borrower profile. See disclaimer.
Understanding Mortgage Rates in Idaho
Idaho has been one of the fastest-growing states in the US, driven by in-migration from California, Washington, and Oregon. Boise has transformed from a small regional city to a competitive tech and lifestyle market with home prices reflecting that growth.
While Boise commands premium prices, other Idaho markets like Nampa, Caldwell, and Idaho Falls offer more affordable entry points. The state’s natural amenities, lower taxes compared to western neighbors, and growing job market continue to attract buyers.
What Affects Your Idaho Mortgage Rate?
Several key factors influence the rate a Idaho lender will offer you: your credit score (740+ gets the best rates), your down payment (20%+ eliminates PMI), your loan type (VA and FHA often beat conventional), and broader market conditions driven by the Federal Reserve and Treasury yields. Always compare at least 3–5 lenders — the spread between best and worst rate can be 0.5–1.0%.