Idaho Mortgage Rates

Idaho Mortgage Rates and Idaho Home Loan Options
Idaho is best known for its production of the world's best potatoes, with over 12 billion grown each year. Even so, the state's actual nickname is the Gem State for its 72 different types of precious and semi-precious stones, some of which can be found nowhere else in the world.

Idaho residents can benefit from many available mortgage loan programs in its larger metro area cities like Nampa, Meridian, Idaho Falls, and Boise City, the state's most populous and diverse metro areas.  

In particular, Boise City has implemented an innovative home improvement loan program through which homeowners can borrow money for rehabilitating or improving their homes. The program funds everything from kitchen rehabs to the installation of new security and safety features. The city also offers a loan program to complete modifications that make homes more accessible to residents with handicaps.

Public Housing, Down Payment Assistance and Mortgage Rates in Idaho
The Boise City Ada County Housing Authority has been providing housing options for low and moderate income residents in Ada County for almost 30 years. Through the administration of several federal housing programs, the housing authority assists homebuyers in obtaining decent, safe, and affordable housing solutions. It makes down payment assistance loans available at below-market mortgage rates, and offers down payment credit for up to 10 percent of the purchase price of the home.
For families with earnings below the median income, the same department provides public housing and makes loans available to purchase such housing.

VA and USDA Idaho Mortgage Loans
Idaho has over 300,000 acres of farmland and rural areas where homeowners can take advantage of the USDA rural loan program. This program offers homeowners and buyers up to 100 percent financing (no down payment required). The VA offers a similar program to military veterans who qualify. While high leverage loans like those from the VA and USDA make it easier for a family to get into a new home, they must be diligent with their finances to ensure timely payment. Mortgage rates are typically set at market rates.

Conventional Loans and Idaho Mortgage Interest Rates
Home buyers with good credit and down payment funds can obtain a conventional loan from one of many qualified lenders found right here on lendingtree.com. Here you'll find the best combination of a favorable ID mortgage rates and terms.

Those with less up front money can obtain a low down payment loan insured by the FHA, with a maximum loan amount of $417,000.