Idaho Independent Bank Mortgage Rates, Fees & Info

Coeur D Alene, ID

LEI: 254900HPZV5YSAVD0703

Tax ID: 82-0454590

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Idaho Independent Bank is a smaller bank specializing in Home Purchase loans. Idaho Independent Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Boise City, Spokane, Sandpoint, Hailey, and Mountain Home among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Idaho Independent Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Idaho Independent Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    347

    Origination Dollar Volume (All Markets)

    $85,455,000
    Show all (5) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Outside of Metro Areas 158 $43,360,000 $274,430 $4,426 4.71%
    BOISE CITY, ID (FHA|USDA|VA) 148 $31,070,000 $209,932 $4,287 4.82%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 10 $2,660,000 $266,000 $2,890 4.44%
    Outside of Metro Areas 10 $2,160,000 $216,000 $4,099 5.20%
    Sandpoint, ID (FHA|USDA|VA) 4 $1,260,000 $315,000 $4,996 4.66%
    Hailey, ID (FHA|USDA|VA) 3 $995,000 $331,667 $4,709 5.17%
    Mountain Home, ID (FHA|USDA|VA) 3 $705,000 $235,000 $5,688 4.29%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $675,000 $675,000 $7,002 4.88%
    Ontario, OR-ID (FHA|USDA|VA) 3 $515,000 $171,667 $3,626 5.16%
    TWIN FALLS, ID (FHA|USDA|VA) 1 $485,000 $485,000 $0 6.11%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $455,000 $455,000 $9,701 6.50%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $305,000 $305,000 $1,346 4.63%
    REDDING, CA (FHA|USDA|VA) 1 $305,000 $305,000 $0 4.38%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $235,000 $235,000 $5,993 4.38%
    Moscow, ID (FHA|USDA|VA) 1 $175,000 $175,000 $2,908 4.75%
    La Grande, OR (FHA|USDA|VA) 1 $95,000 $95,000 $2,900 4.50%
    Idaho Independent Bank's top markets include Boise City, Spokane, Sandpoint, Hailey, and Mountain Home among others.

    Their top states include:
  • Idaho (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Idaho Independent Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Potlatch No. 1 Financial Credit Union
    Similarity Rank: 126
    FIRST MORTGAGE COMPANY, INC.
    Similarity Rank: 380
    PIONEER
    Similarity Rank: 420
    SPOKANE TEACHERS
    Similarity Rank: 720
    HORIZON
    Similarity Rank: 990
    Stifel Bank and Trust
    Similarity Rank: 1029
    GLOBAL
    Similarity Rank: 1120
    Idaho Independent Bank
    Similarity Rank: 1136
    NUMERICA CREDIT UNION
    Similarity Rank: 1150
    D. L. Evans Bank
    Similarity Rank: 1173

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 287 $70,775,000 $246,603 $3,876 4.87%
    FHA 36 $6,820,000 $189,444 $6,197 4.35%
    VA 22 $7,360,000 $334,545 $6,474 4.29%
    USDA 2 $500,000 $250,000 $5,825 3.88%

    For 2018, Idaho Independent Bank's most frequently originated type of loan was Conventional, with 287 originations. Their 2nd most popular type was FHA, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 276 $70,400,000 $255,072 $4,428 4.73%
    Refi 26 $5,240,000 $201,538 $2,973 5.03%
    Cash Out Refi 21 $4,925,000 $234,524 $4,792 4.70%
    Home Improvement 12 $2,240,000 $186,667 $3,801 5.13%
    Other 12 $2,650,000 $220,833 $4,393 4.96%

    For 2018, Idaho Independent Bank's most frequently cited loan purpose was Home Purchase, with 276 originations. The 2nd most popular reason was Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 280 $72,210,000 $257,893 $4,393 4.64%
    15 Year 23 $5,215,000 $226,739 $4,088 4.27%
    10 Year 20 $1,670,000 $83,500 $1,439 6.14%
    Other 8 $2,150,000 $268,750 $9,701 6.03%
    20 Year 7 $2,845,000 $406,429 $6,370 4.96%
    5 Year 4 $380,000 $95,000 $3,196 6.38%
    1 Year 3 $815,000 $271,667 $0 5.42%
    3 Year 2 $170,000 $85,000 $0 5.27%

    For 2018, Idaho Independent Bank's most frequently cited loan duration was 30 Year, with 280 originations. The 2nd most popular length was 15 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 219 $53,375,000 $243,721
    $1k-2k 47 $10,725,000 $228,191
    $2k-3k 38 $7,860,000 $206,842
    $3k-4k 17 $4,645,000 $273,235
    $4k-5k 8 $3,300,000 $412,500
    $5k+ 5 $3,035,000 $607,000

    Idaho Independent Bank's average total fees were $4,393, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 219 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 237 $59,965,000 $253,017
    5-6% 52 $12,280,000 $236,154
    3-4% 32 $9,460,000 $295,625
    6-7% 26 $3,750,000 $144,231

    During 2018, Idaho Independent Bank's average interest rate for loans was 4.64%, while their most frequently originated rate bucket for loans was 4-5%, with 237 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 178 $48,560,000 $272,809 $4,484 4.70%
    $100k-200k 95 $14,645,000 $154,158 $4,118 4.69%
    $400k-600k 38 $16,660,000 $438,421 $4,816 4.54%
    $100,000 or less 30 $1,440,000 $48,000 $1,802 5.73%
    $600k-1MM 6 $4,150,000 $691,667 $8,341 5.16%

    2018 saw Idaho Independent Bank place emphasis on $200k-400k loans with 178 originations, totaling $48,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 95 $20,245,000 $213,105 $4,292 4.87%
    $100k-150k 62 $17,710,000 $285,645 $4,337 4.62%
    $50k or less 60 $9,700,000 $161,667 $4,382 4.63%
    $75k-100k 53 $12,985,000 $245,000 $4,213 4.72%
    $150k-250k 35 $12,925,000 $369,286 $4,268 4.63%
    $250k+ 25 $7,795,000 $311,800 $5,194 5.21%

    Idaho Independent Bank lent most frequently to those with incomes in the $50k-75k range, with 95 originations. The second most popular income band? $100k-150k, with 62 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 73 $17,885,000 $245,000 $3,891 4.65%
    30-36% 55 $14,405,000 $261,909 $4,650 4.77%
    <20% 21 $4,355,000 $207,381 $3,480 4.77%
    44% 19 $3,505,000 $184,474 $3,941 4.60%
    49% 19 $4,395,000 $231,316 $4,603 4.63%
    43% 16 $4,200,000 $262,500 $5,253 4.74%
    39% 15 $3,385,000 $225,667 $4,799 4.62%
    38% 15 $3,295,000 $219,667 $3,877 4.74%
    48% 13 $3,415,000 $262,692 $4,143 4.72%
    37% 13 $3,385,000 $260,385 $3,635 4.69%
    47% 12 $3,350,000 $279,167 $4,130 4.83%
    40% 12 $3,230,000 $269,167 $5,423 4.91%
    45% 12 $2,860,000 $238,333 $4,414 4.99%
    46% 11 $3,305,000 $300,455 $4,219 4.60%
    42% 8 $2,380,000 $297,500 $4,070 4.69%
    50-60% 6 $1,110,000 $185,000 $7,151 5.12%
    41% 5 $1,585,000 $317,000 $4,305 4.58%
    36% 5 $1,725,000 $345,000 $5,114 4.58%
    >60% 5 $1,065,000 $213,000 $5,033 5.49%

    Idaho Independent Bank lent most frequently to those with DTI ratios of 20-30%, with 73 originations. The next most common DTI ratio? 30-36%, with 55 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 308 $74,530,000 $241,981 $4,241 4.75%
    Not provided 23 $6,375,000 $277,174 $5,505 4.85%
    Black 5 $2,165,000 $433,000 $4,724 4.55%
    Not applicable 7 $1,765,000 $252,143 $0 6.05%
    Asian 3 $485,000 $161,667 $4,271 4.33%
    Native Hawaiian or Islander 1 $135,000 $135,000 $3,140 4.88%

    Approval Rates

    Total approvals of all applications
    90.86%

    Idaho Independent Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    58.21%

    Idaho Independent Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 347 $85,455,000 $246,268

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $690,000 $345,000
    Single Family (1-4 Units):Manufactured 7 $975,000 $139,286
    Single Family (1-4 Units):Site-Built 338 $83,790,000 $247,899

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $4,440,000 $158,571 $3,256 4.70%
    40-60% 53 $14,435,000 $272,358 $4,403 4.74%
    60-80% 104 $28,470,000 $273,750 $4,002 4.80%
    80-100% 135 $35,115,000 $260,111 $4,847 4.58%
    Over 100% 5 $1,315,000 $263,000 $7,901 4.23%
    Under 20% 19 $1,015,000 $53,421 $1,754 6.13%