FHA Loan Calculator for Idaho

FHA Loans in Idaho

FHA loans require a minimum 3.5% down payment (10% if credit score is 580-619). On Idaho's median home of $370,000, that's a minimum down payment of $13,000.

FHA Loan Limits in Idaho

FHA loan limits vary by county and are tied to conforming limits. In most Idaho counties, the FHA floor limit is $498,257 (2024). High-cost areas like certain counties may qualify for higher limits up to $1,149,825. All Idaho counties are at the standard conforming limit, though Blaine County (Sun Valley) may qualify for high-cost treatment in certain years.

FHA vs Conventional in Idaho

FHA MIP (Mortgage Insurance Premium) is required regardless of down payment. Conventional loans eliminate PMI at 20% equity. With Idaho's median home at $370,000, buyers who can put down $74,000 (20%) are better served by conventional financing. FHA makes sense for buyers with limited savings or credit scores below 740.

Closing Costs

Idaho closing costs average $2,800. Idaho has low transfer taxes and recording fees, keeping closing costs below the national average. Sellers can contribute up to 6% of the purchase price toward FHA buyer closing costs.

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