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Multifamily & Apartment Financing in Idaho

Commercial Loan Direct (CLD) provides apartment loans in Idaho. Current apartment loan rates in Idaho range from 4.93% to 12.95%, depending on the loan program.

Idaho Apartment Loan Rates

Loan Types Rates LTV Loan Amount
Fannie Mae 5.66% - 6.46% 80% $700,000+
Freddie Mac 5.96% - 9.43% 80% $1,000,000+
FHA 4.84% - 6.19% 83.3% $5,000,000+
Conduit / CMBS 5.81% - 7.74% 75% $2,000,000+
Insurance 5.31% - 8.59% 75% $5,000,000+
USDA 6.2% - 8.95% 85% $1,000,000+
Bridge 5.95% - 12.95% 80% $1,500,000+
Construction 5.7% - 8.95% 83.3% $1,000,000+
Conventional 4.93% - 8.95% 80.0% $1,000,000+

For more in-depth multifamily interest rates, please visit our Apartment Loan Rates page.

Note: The commercial mortgage rates displayed in this website should be used as a guideline and do not represent a commitment to lend. Commercial Loan Direct and CLD Financial, LLC are not liable for any commercial mortgage interest rate or data entry errors that might affect the displayed commercial loan rates. Commercial loan rates may change at any time and without notice.

Additional Multifamily Types

Additional Multifamily Mortgages

Locations Served in Idaho

We are proud to be serving the state of Idaho. Here are our commercial loan statistics for this state.

Idaho Cities and Towns Served

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The 2026 environment in Idaho is characterized by a "return to stability" after several years of volatility. While the Idaho Housing and Finance Association (IHFA) remains the primary facilitator of capital, the market is navigating a significant reduction in new construction starts, which has shifted the focus toward preservation and workforce housing.

State-Administered Financing and Credits

IHFA manages the most critical tranches of capital for multifamily projects through a competitive application process governed by the State’s Qualified Allocation Plan (QAP).

  • Low-Income Housing Tax Credits (LIHTC): The cornerstone of Idaho’s affordable housing finance. For the 2026 cycle, IHFA has already issued allocations to key projects in Boise, Twin Falls, and Idaho Falls, with a heavy emphasis on "Family" and "Nonprofit" set-asides to ensure long-term community impact.
  • Idaho Workforce Housing Fund (IWHF): A vital state-level resource designed to fill financing gaps for projects targeting the "missing middle." Projects receiving IWHF allocations must be completed and placed in service by the December 31, 2026 expenditure deadline to comply with federal SLFRF guidelines.
  • HOME Investment Partnerships Program: Provides subordinate, low-interest loans for the construction or rehabilitation of affordable rental units. In 2026, these funds are increasingly paired with LIHTC to make projects in high-cost areas like Ada and Canyon counties feasible.
  • Multi-family Bond Financing: IHFA issues tax-exempt and taxable bonds to provide lower-interest debt. For 2026, bond-financed projects are often used to trigger the "4% LIHTC" credit, which is non-competitive and serves as a reliable source of equity for large-scale developments.

Market Trends and Regional Dynamics

The 2026 landscape is heavily influenced by Idaho’s unique demographic shifts and broader macroeconomic trends.

  • Population Inflow and Demand: Consistent migration from high-cost states (California, Washington, Oregon) continues to support high occupancy levels. However, as homeownership remains out of reach for many, "renter-by-necessity" demand is fueling the Single-Family Rental (SFR) and Build-to-Rent sectors.
  • Cost Management and Tariffs: Developers in 2026 are grappling with 50% tariffs on essential building materials like steel, aluminum, and copper. This has led to more conservative underwriting, with lenders requiring detailed "Readiness to Proceed" documentation and contingency reserves.
  • Interest Rate Stabilization: With benchmark rates for permanent debt settling between 3.6% and 4.6% in early 2026, there is a renewed wave of refinancing for projects that were previously on short-term "bridge" loans.

2026 Strategic Focus: Preservation and Location

Financing priority is shifting toward assets that offer long-term stability rather than aggressive growth.

  • Preservation of Existing Units: 2026 funding rounds have placed a higher point value on Acquisition-Rehabilitation projects, particularly for senior housing, to prevent the loss of existing affordable inventory to market-rate conversions.
  • Geographic Diversification: While Boise remains the primary hub, IHFA is incentivizing development in "Secondary Markets" like Twin Falls and Caldwell, where land costs are lower but job growth in healthcare and logistics remains robust.

Lending Cities

Commercial loan direct provides services in the following Idaho cities. Please note we may be able to provide services in other cities as well by request. Rates are dependent on the market in your locale, feel free to use the provided Idaho economic reports to get a better understanding of your market.

  • Aberdeen
  • Ada County
  • Adams County
  • American Falls
  • Ammon
  • Arco
  • Ashton
  • Bannock County
  • Bear Lake County
  • Bellevue
  • Benewah County
  • Bingham County
  • Blackfoot
  • Blaine County
  • Boise
  • Boise County
  • Bonner County
  • Bonners Ferry
  • Bonneville County
  • Boundary County
  • Buhl
  • Burley
  • Butte County
  • Caldwell
  • Camas County
  • Canyon County
  • Caribou County
  • Cascade
  • Cassia County
  • Challis
  • Chubbuck
  • Clark County
  • Clearwater County
  • Coeur d'Alene
  • Council
  • Custer County
  • Dalton Gardens
  • Driggs
  • Dubois
  • Eagle
  • Elmore County
  • Emmett
  • Fairfield
  • Filer
  • Fort Hall
  • Franklin County
  • Fremont County
  • Fruitland
  • Garden City
  • Gem County
  • Glenns Ferry
  • Gooding
  • Gooding County
  • Grangeville
  • Hailey
  • Hansen
  • Hayden
  • Heyburn
  • Hidden Spring
  • Homedale
  • Idaho City
  • Idaho County
  • Idaho Falls
  • Iona
  • Jefferson County
  • Jerome
  • Jerome County
  • Kamiah
  • Kellogg
  • Ketchum
  • Kimberly
  • Kootenai County
  • Kuna
  • Lapwai
  • Latah County
  • Lemhi County
  • Lewis County
  • Lewiston
  • Lewiston Orchards
  • Lincoln
  • Lincoln County
  • Madison County
  • Malad City
  • Marsing
  • McCall
  • Meridian
  • Middleton
  • Minidoka County
  • Montpelier
  • Moreland
  • Moscow
  • Mountain Home
  • Murphy
  • Nampa
  • New Plymouth
  • Nez Perce County
  • Nezperce
  • Oneida County
  • Orofino
  • Osburn
  • Owyhee County
  • Paris
  • Parma
  • Paul
  • Payette
  • Payette County
  • Pinehurst
  • Plummer
  • Pocatello
  • Ponderay
  • Post Falls
  • Power County
  • Preston
  • Priest River
  • Rathdrum
  • Rexburg
  • Rigby
  • Rupert
  • Saint Anthony
  • Saint Maries
  • Salmon
  • Sandpoint
  • Shelley
  • Shoshone
  • Shoshone County
  • Soda Springs
  • Spirit Lake
  • Star
  • Sugar City
  • Sun Valley
  • Teton County
  • Twin Falls
  • Twin Falls County
  • Tyhee
  • Ucon
  • Valley County
  • Victor
  • Wallace
  • Washington County
  • Weiser
  • Wendell
  • Wilder

Commercial Loan FAQs in Idaho

Multifamily interest rates in Idaho vary based on loan type, property type, loan-to-value, debt service coverage ratio, borrower strength, and market conditions. They range from approximately 4.93% to 12.95%.

Borrowers in Idaho can access Conventional, CMBS/Conduit, Insurance, FHA/HUD, USDA, Bridge, Construction, and SBA financing based on property type, leverage, and occupancy.

Multifamily loan rates in Idaho depend on loan type, property cash flow, debt service coverage ratio, loan-to-value, borrower strength, and market conditions.

Yes. Owner-occupied financing is available in Idaho, including Conventional, Insurance, SBA, USDA, and selected agency programs when eligibility requirements are met.

Yes. Refinance options in Idaho include rate-and-term and cash-out structures, subject to underwriting, property performance, and lender program guidelines.

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Fernando and Leanne are Amazing

Fernando and Leanne are amazing. I had many small businesses that need refinancing over the years. I have met many Brokers and there is always a catch. ALWAYS!… Use them! Once you do you will work with them forever

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If you searching for a great experience Commercial Loan Direct is the place. Leanne took care of me and honestly had the greatest experience. She handled all of my needs in a smooth and timely manner listened and addressed any concerns I had about the process and was very patient. I can be quite a handful at times and Leanne was so professional and kind hearted. I'd 100% recommend this company. Thank you again.

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We were in unfamiliar territory when it came to refinancing. Commercial Loan Direct streamlined the whole process for us. Leann connected us with lenders that were the right fit for us. The money and time we saved was so worth it. I highly recommend them

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