Metro area · Idaho

Boise City, ID metro: mortgages and home buyers

2025 home-purchase and refinance statistics for the 5-county Boise City, ID area (OMB code 14260), from official HMDA records.

In 2025, lenders reported 11,450 home-purchase mortgages for owner-occupied, single-family homes in the Boise City, ID metro area. The median buyer borrowed $405,000 on a home valued at $485,000 and reported a household income of $120,000.

Buyers financed a median 86% of the home's value (roughly 14% down), paid a median 6.49% on 30-year fixed conventional loans and faced median conventional loan costs of $7,180.

Lenders denied 4.0% of completed home-purchase applications.

Purchase loans

11,450

5 counties

Buyer income

$120,000

U.S. $116,000

Loan amount

$405,000

U.S. $335,000

Down payment

14%

U.S. 10%

30-yr fixed rate

6.49%

U.S. 6.625%

Denial rate

4.0%

Purchase · U.S. 8.5%

Key facts

The median 30-year fixed conventional rate here was 13 basis points below the U.S. median (6.625%).
Median conventional loan costs ($7,180) were 29% higher than the U.S. median ($5,570).
45.7% of buyers put at least 20% down (financed 80% or less), compared with 38.5% nationally.
The most common age bracket among borrowers was 25–34 (30.6% of purchase loans).
39.7% of purchase mortgages had a single borrower with no co-applicant.
The most-cited reason for denial was debt-to-income ratio (46.5% of denials with a stated reason).

Counties in the metro area

County	Purchase loans	Median loan	Buyer income	30-yr rate	Loan costs	Conforming limit	FHA limit
Ada County, ID	6,993	$435,000	$133,000	6.499%	$7,140	$832,750	$586,500
Canyon County, ID	4,036	$375,000	$103,000	6.375%	$7,260	$832,750	$586,500
Gem County, ID	231	$365,000	$100,000	6.504%	$6,610	$832,750	$586,500
Boise County, ID	115	$465,000	$141,000	6.600%	$7,110	$832,750	$586,500
Owyhee County, ID	75	$345,000	$97,000	6.500%	$8,210	$832,750	$586,500

Who bought homes in Boise City

Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.

Purchase loans

11,450

of 12,567 applications

Buyer income

$120,000

Middle half $87,000–$171,000

Home value

$485,000

Middle half $405,000–$645,000

Loan amount

$405,000

Middle half $335,000–$505,000

Down payment

14%

45.7% put 20%+ down

Single borrower

39.7%

No co-applicant

Values are medians; "middle half" is the 25th to 75th percentile.

Loan type

Conventional 66.8% 7,643

FHA 20.9% 2,396

VA 12.2% 1,397

USDA 0.1% 14

What the homes were for

Primary residence 93.9% 11,713

Second home 2.4% 301

Investment property 3.7% 458

All first-lien, closed-end purchase mortgages, including second homes and investors.

Borrower age

Under 25 7.0%

25–34 30.6%

35–44 24.8%

45–54 15.4%

55–64 11.8%

65–74 7.6%

75 and over 2.8%

Debt-to-income ratio

Under 20% 4.0%

20–29% 12.2%

30–35% 14.7%

36–42% 24.4%

43–49% 33.3%

50–60% 10.9%

Over 60% 0.5%

Monthly debts (including the new payment) as a share of income, as used in underwriting.

What borrowing cost in Boise City

Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.

Measure	Boise City	U.S.
30-year fixed rate · conventional	6.490%	6.625%
30-year fixed rate · FHA	5.750%	6.250%
30-year fixed rate · VA	5.990%	6.125%
15-year fixed rate · conventional	5.875%	5.875%
Rate spread vs. APOR · conventional	+0.02 pts	+0.13 pts
Total loan costs · conventional	$7,180	$5,570
Total loan costs · FHA	$15,700	$11,310
Total loan costs · VA	$8,650	$6,490
Origination charges (all loan types)	$3,900	$1,860
Borrowers paying discount points	70.0%	51.3%
Points paid, when paid (% of loan)	1.26%	0.87%
Borrowers receiving lender credits	23.5%	33.1%
Adjustable-rate mortgages	5.7%	7.4%
Jumbo loans (above conforming limit)	4.1%	3.8%

Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.

Approvals and denials

Boise City: 499 of 12,567 completed home-purchase applications were denied (4.0%).

Denial rate

Application	Boise City	U.S.
Home purchase	4.0%	8.5%
Conventional	3.5%	7.1%
FHA	5.3%	12.5%
VA	4.6%	8.0%
USDA	—	12.5%
Refinance	13.4%	17.9%
Cash-out refinance	24.2%	33.6%

Main reason for purchase denials

Debt-to-income ratio 46.5%

Other 9.7%

Credit history 9.5%

Insufficient cash (down payment/closing costs) 9.3%

Credit application incomplete 8.7%

Collateral (appraisal/property) 7.6%

Unverifiable information 6.6%

Employment history 2.2%

First reason the lender reported.

Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.

Refinancing in Boise City

Refinances

1,799

Median loan $415,000

Refi rate

6.125%

30-yr fixed, conv.

Refi loan costs

$5,650

Conventional

Cash-out refis

1,655

Median loan $315,000

Cash-out rate

6.625%

30-yr fixed, conv.

Cash-out income

$99,000

Median borrower

Source: FFIEC/CFPB HMDA 2025 public LAR (derived MSA/MD); OMB July 2023 delineations via the U.S. Census Bureau. Methodology