See Mortgage Rate Quotes for Your Home
By clicking "See Rates" you'll be directed to our ultimate parent company, LendingTree. Based on your creditworthiness you may be matched with up to five different lenders.
|Lender||Recommended For||Min. Credit Score||Highlights|
|US Bank||First-Time Homebuyers||620|
|Guaranteed Rate||Online Loans||640|
|Veterans United Home Loans||VA Loans||620|
|Guild Mortgage||Poor Credit||580|
Finding the best mortgage lender in Idaho depends on understanding who offers the right combination of affordable interest rates, on-time loan processing and reliable customer service. We found several lenders in the Gem State worth considering.
Best Mortgage Lender for First-Time Home Buyers: U.S. Bank
With the largest branch network in Idaho, U.S. Bank is an excellent choice for first-time home buyers looking for in-person guidance. It's also an Idaho Housing and Finance Association-approved lender, which allows it to offer payment assistance and tax credits to qualifying home buyers.
|Good For…||Bad For…|
With 96 locations, U.S. Bank has the largest branch network in Idaho, making it the most accessible lender in the state, regardless of whether you live in Caldwell or Coeur d'Alene. It obtained above-average ratings in J.D. Power's 2018 Primary Mortgage Servicer Satisfaction Study, outranking both Wells Fargo and Bank of America, and is also the third most popular mortgage lender in Idaho.
We found that U.S. Bank offered some of the cheapest mortgage rates around for conventional fixed rate mortgages, even after factoring in fees, making it an excellent choice if you want the best rates for a standard home loan without any bells and whistles. Nevertheless, its VA loans were more expensive than most, and the lender doesn't offer USDA loans for rural home buyers. If U.S. Bank isn't the right lender for you, consider our other recommendations for first-time home buyers.
Best Mortgage Lender for Refinancing: Quicken Loans
Quicken Loans is our top pick for refinancing in Idaho, thanks to the speed and efficiency of its Quicken Rocket Mortgage program. The online lender completed over 9,500 refinancing transactions in the past five years, making it the most popular lender for refinancing in the state.
|Good For…||Bad For…|
If you had any doubts about online lenders, you can lay them to rest, as Quicken Loans obtained J.D. Power's highest score for customer satisfaction in Primary Mortgage Originations for eight consecutive years in a row. Quicken's Rocket Mortgage service allows you to adjust your rate and loan terms online, while getting you preapproved for a mortgage within minutes.
Quicken Loans is easily one of the fastest-growing lenders in the country, landing the title of most popular mortgage lender in America in early 2018. It also offers some of the cheapest rates for refinancing, when compared to other major lenders in Idaho, making it worth getting a quote if you're looking to refinance into a shorter term. However, the rates on its purchase mortgages featured higher APRs after factoring in fees. If you're looking for other refinancing options, you can also compare lenders using our loan comparison page.
Best Online Mortgage Lender: Guaranteed Rate
Guaranteed Rate is an excellent lender that offers competitive rates and low fees for well-qualified home buyers. While you can complete the entire mortgage process online, the lender also has physical branch locations in Boise, Sandpoint, Eagle and Coeur d'Alene.
|Good For…||Bad For…|
|Rural home buyers|
Compared to other mortgage lenders, Guaranteed Rate has some of the lowest rates and fees around. However, it may be difficult to qualify for its best offers, as the lender has fairly high lending standards. Nevertheless, if you're one of the lucky ones who qualify, you can expect exceptional customer service, as the lender achieved above-average scores in J.D. Power's 2017 U.S. Primary Mortgage Origination Satisfaction Study.
Guaranteed Rate's helpful online tools allow you to tailor your loan options to achieve the cheapest rate or lowest monthly payment, depending on your preference. However, rural home buyers and homeowners looking for home equity financing are out of luck, as the lender neither offers USDA loans nor home equity financing. If you're looking for other options, check out our other lender recommendations.
Best Mortgage Lender for VA Loans: Veterans United Home Loans
Veterans United Home Loans was our number one VA lender in Idaho. Over the past five years, Veterans United underwrote over 1,300 VA loans, the fourth-highest volume of any lender in the state.
|Good For…||Bad For…|
Veterans United is one of the few lenders in the country that can make the claim that it traffics almost exclusively in VA loans. While this may have been a limiting factor for most, Veterans United offers every iteration of the VA loan available, including purchase, streamline and cash out refinancing. This makes it an excellent option for both veterans and current service members.
Compared to other major lenders, Veterans United offers some of the most competitive VA rates we saw in Idaho. Its underwriting fees were also among the lowest around, making up almost a quarter percent of the entire loan amount. If you're shopping for a VA loan, make sure you check current VA rates are, so you're equipped to compare quotes from different lenders.
Best Mortgage Lender for Poor Credit: Guild Mortgage
Guild Mortgage was our top pick among mortgage lenders best positioned to help borrowers with low income or poor credit, as it's currently the most popular FHA lender in Idaho. If you're having trouble getting approved for a conventional mortgage, it may be a good idea to apply for an FHA loan, which has relaxed credit and income requirements.
|Good For…||Bad For…|
Additionally, the lender offers a unique 3-2-1 Home program, which can net you a $2,000 Home Depot gift card and $1,500 in additional closing credits from Guild Mortgage, provided you put at least 3% down on your home purchase. This unique program provides home buyers in qualifying low-to-moderate income areas with spending money for home renovations, which is especially useful if you plan on buying a fixer-upper.
Guild Mortgage Company is an Idaho Housing and Finance Association-approved lender and has 13 branch locations in the state. It's also Idaho’s most popular lender under the FHA program, which features home loans guaranteed by the Federal Housing Administration, meant to help low-moderate income home buyers achieve the dream of home ownership. If you're thinking of getting an FHA loan through Guild Mortgage, make sure to check where current FHA rates are to obtain an initial estimate of your costs.
Most Popular Home Loan Companies in Idaho
If you're shopping for a mortgage in Idaho, make sure you review quotes from the top lenders to see where average mortgage rates stand. We've listed the five most popular mortgage lenders in Idaho below, based on the total number of residential home loans originated over the past five years.
Top 5 Biggest Idaho Residential Mortgage Lenders, 2013–2019
|Rank||Company||Mortgage originations||Average mortgage amount|
|1||Idaho Central Credit Union||41,451||$135,295|
Make sure you compare each lender's record for customer service in addition to interest rates. You should also consider any factors that matter to you that may not have been covered in our reviews.
How We Chose the Best Mortgage Lenders in Idaho
While interest rates played a large role in our decision, we also reviewed each lender's unique terms and conditions. When comparing interest charges, fees and closing costs, lenders who offered the same interest rate ended up thousands of dollars apart in fees. Therefore, we chose to compare the following criteria:
- Total cost: interest rates and closing costs
- Product: terms, programs and specialty
- Servicing: transparency, complaint data and branch network
We chose to highlight any terms a lender offered that weren't common in the industry. For example, while every mortgage lender in the country offers conventional fixed-rate mortgages, fewer companies specialize in niche programs like USDA or state bond financing. We chose to highlight these traits where appropriate.
We also reviewed customer complaints from the Consumer Financial Protection Bureau to forecast the likelihood of issues arising during the origination and servicing process. We assessed the size of each lender's branch network as well as the usability of its online platform to measure each lender's accessibility and reputation for customer service.
Mortgage Brokers Near Me in Idaho
Mortgage brokers can help you compare offers from multiple lenders simultaneously, and are an excellent resource for first-time home buyers and those uncomfortable with mortgage shopping. Use the table below to find a licensed mortgage broker near you.
|Summit Mortgage Corporation||4700 N Cloverdale Rd #102, Boise, ID 83713||(208) 939-0002|
|Mountain Home Mortgage||797 S Haskett St, Mountain Home, ID 83647||(208) 587-4471|
|Source Mortgage Inc.||531 Fitness Plaza, Eagle, ID 83616||(208) 938-2228|
|1st Choice Mortgage Company, LLC||3023 E Copper Point Dr Suite 101, Meridian, ID 83642||(208) 375-5626|
|Yes Mortgage||2426 N Merrit Creek Loop, Coeur d'Alene, ID 83814||(208) 664-9260|
|InterWest Mortgage||1275 E 17th St, Idaho Falls, ID 83404||(208) 525-8778|
|Steve Arbuckle: Idaho Mortgage Home Loans||Caldwell, ID 83607||(208) 440-4785|
|OneTrust Home Loans||2535 W State St, Boise, ID 83702||(208) 388-0500|