What is an FHA Loan? Requirements, How to Get One and Best Lenders
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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

2024 FHA Loan Limits in Idaho

Updated on:
Content was accurate at the time of publication.

With low down payments and less stringent credit requirements, loans backed by the Federal Housing Administration (FHA) make home ownership in Idaho more affordable and easier to attain for some buyers. However, FHA loan limits in Idaho range from $498,257 to $1,149,825, depending on the county.

County nameOne unitTwo unitsThree unitsFour unitsMedian sales price
ADA$586,500$750,800$907,550$1,127,900$477,000
ADAMS$498,257$637,950$771,125$958,350$278,000
BANNOCK$498,257$637,950$771,125$958,350$300,000
BEAR LAKE$498,257$637,950$771,125$958,350$296,000
BENEWAH$498,257$637,950$771,125$958,350$238,000
BINGHAM$498,257$637,950$771,125$958,350$315,000
BLAINE$759,000$971,650$1,174,500$1,459,650$660,000
BOISE$586,500$750,800$907,550$1,127,900$477,000
BONNER$523,250$669,850$809,700$1,006,250$425,000
BONNEVILLE$498,257$637,950$771,125$958,350$379,000
BOUNDARY$498,257$637,950$771,125$958,350$360,000
BUTTE$498,257$637,950$771,125$958,350$379,000
CAMAS$759,000$971,650$1,174,500$1,459,650$660,000
CANYON$586,500$750,800$907,550$1,127,900$477,000
CARIBOU$498,257$637,950$771,125$958,350$259,000
CASSIA$498,257$637,950$771,125$958,350$302,000
CLARK$498,257$637,950$771,125$958,350$248,000
CLEARWATER$498,257$637,950$771,125$958,350$207,000
CUSTER$498,257$637,950$771,125$958,350$232,000
ELMORE$498,257$637,950$771,125$958,350$324,000
FRANKLIN$498,257$637,950$771,125$958,350$430,000
FREMONT$498,257$637,950$771,125$958,350$343,000
GEM$586,500$750,800$907,550$1,127,900$477,000
GOODING$498,257$637,950$771,125$958,350$266,000
IDAHO$498,257$637,950$771,125$958,350$225,000
JEFFERSON$498,257$637,950$771,125$958,350$379,000
JEROME$498,257$637,950$771,125$958,350$322,000
KOOTENAI$572,700$733,150$886,200$1,101,350$481,000
LATAH$498,257$637,950$771,125$958,350$414,000
LEMHI$498,257$637,950$771,125$958,350$255,000
LEWIS$498,257$637,950$771,125$958,350$236,000
LINCOLN$498,257$637,950$771,125$958,350$263,000
MADISON$498,257$637,950$771,125$958,350$343,000
MINIDOKA$498,257$637,950$771,125$958,350$302,000
NEZ PERCE$498,257$637,950$771,125$958,350$316,000
ONEIDA$498,257$637,950$771,125$958,350$308,000
OWYHEE$586,500$750,800$907,550$1,127,900$477,000
PAYETTE$498,257$637,950$771,125$958,350$325,000
POWER$498,257$637,950$771,125$958,350$300,000
SHOSHONE$498,257$637,950$771,125$958,350$277,000
TETON$1,149,825$1,472,250$1,779,525$2,211,600$1,573,000
TWIN FALLS$498,257$637,950$771,125$958,350$322,000
VALLEY$573,850$734,650$888,000$1,103,550$434,000
WASHINGTON$498,257$637,950$771,125$958,350$250,000

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FHA loan limits are dynamic, determined each year based on the formula prescribed by the National Housing Act. Using median home sale data and location information, the formula lays out loan limits for three cost categories: low-cost area “floor,” high-cost area “ceiling,” and a “special exemption areas” limit. The limits are further broken down into home types, including single-family and multi-family homes.

Floor and ceiling loan limits are determined using the conforming loan limit set by the Federal Housing Finance Agency (FHFA) for loans guaranteed by Fannie Mae or Freddie Mac The floor is 65% of the conforming loan limit, and the ceiling is no more than 150% of the conforming loan limit.

As with any loan program, there are certain eligibility requirements for FHA loans. These are:

Appropriate credit score and down payment. With a score of 580 or higher, lenders accept a down payment of just 3.5%. Credit scores between 500 and 579 will require at least a 10% down payment.
History of on-time payments. Delinquencies and late payments could result in a loan application being declined.
No recent foreclosures. The borrower cannot have had a foreclosure in the last three years, unless they can prove it was the result of extenuating circumstances.
No recent bankruptcies. Borrowers cannot have had a bankruptcy in the past two years.
Acceptable debt-to-income ratio. This number represents the acceptable percentage of your gross income that can go towards your monthly debt payments, including your mortgage. Generally for FHA loans, lenders prefer DTI ratios not exceed 43%.
Steady income. Lenders will generally want pay stubs and W-2s to show you have a steady income and employment history for the past two years.
Primary residence. FHA loans cannot be used for second homes or vacation properties, so the mortgage must be for a primary residence.

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Buying a multifamily property with an FHA loan

When purchasing a property with two to four units, an FHA loan still requires just a 3.5% down payment. Designed for owners who plan to occupy at least one of the multifamily unit themselves, FHA multifamily loan eligibility requirements are:

Proof of income and value. Proof of adequate income and appraisal of the fair market value of the property and rental potential.
Credit score. Credit score of 580 or higher.
Adequate debt-to-income (DTI) ratio. Most lenders prefer DTI ratios of 43% or less, but qualifications can vary depending on credit score.
Owner-occupied. One unit must be owner-occupied.

Number of UnitsLow-cost FHA Loan Limit
Two$637,950
Three$771,125
Four$958,350

How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

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