Icon Credit Union Mortgage Rates, Fees & Info
Boise, IDLEI: 254900NZESTDEJZDVW90
Tax ID: 82-0209467
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Mortgage Data
Review & Overview
Icon Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Icon Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Boise City, Portland, La Grande, Twin Falls, and Albany among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Icon Credit Union 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. Icon Credit Union 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.
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Originations
189Origination Dollar Volume (All Markets)
$36,455,000Top 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 |
|---|---|---|---|---|---|
| BOISE CITY, ID (FHA|USDA|VA) | 155 | $30,025,000 | $193,710 | $3,584 | 4.98% |
| Outside of Metro Areas | 21 | $4,105,000 | $195,476 | $0 | 5.11% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 6.00% |
| La Grande, OR (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $0 | 4.97% |
| TWIN FALLS, ID (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 4.94% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 3.88% |
| Ontario, OR-ID (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 5.25% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.75% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against Icon Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, Icon Credit Union's most frequently originated type of loan was Conventional, with 175 originations. Their 2nd most popular type was VA, with 8 originations.
Loan Reason
For 2018, Icon Credit Union's most frequently cited loan purpose was Home Purchase, with 93 originations. The 2nd most popular reason was Cash Out Refi, with 75 originations.
Loan Duration/Length
For 2018, Icon Credit Union's most frequently cited loan duration was 30 Year, with 131 originations. The 2nd most popular length was 15 Year, with 34 originations.
Origination Fees/Closing Costs
Icon Credit Union's average total fees were $4,135, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 41 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 115 | $25,415,000 | $221,000 |
| 5-6% | 49 | $7,885,000 | $160,918 |
| 6-7% | 13 | $665,000 | $51,154 |
| 3-4% | 9 | $2,215,000 | $246,111 |
| 7-8% | 3 | $275,000 | $91,667 |
During 2018, Icon Credit Union's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 115 originations.
Loan Sizing
2018 saw Icon Credit Union place emphasis on $200k-400k loans with 68 originations, totaling $17,760,000 in origination value.
Applicant Income
Icon Credit Union lent most frequently to those with incomes in the $50k-75k range, with 55 originations. The second most popular income band? $100k-150k, with 46 originations.
Applicant Debt to Income Ratio
Icon Credit Union lent most frequently to those with DTI ratios of 20-30%, with 51 originations. The next most common DTI ratio? <20%, with 32 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.80%
Icon Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination82.01%
Icon Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1000.0 | 2 | $210,000 | $105,000 |
| 1062.5 | 1 | $85,000 | $85,000 |
| 1080.0 | 1 | $105,000 | $105,000 |
| 1125.0 | 1 | $75,000 | $75,000 |
| 117.5 | 1 | $95,000 | $95,000 |
| 1261.0 | 1 | $125,000 | $125,000 |
| 1293.75 | 1 | $175,000 | $175,000 |
| 1294.26 | 1 | $245,000 | $245,000 |
| 1350.0 | 2 | $670,000 | $335,000 |
| 1447.5 | 1 | $195,000 | $195,000 |
| 1460.41 | 1 | $175,000 | $175,000 |
| 1470.0 | 1 | $145,000 | $145,000 |
| 1500.0 | 1 | $155,000 | $155,000 |
| 1583.0 | 1 | $105,000 | $105,000 |
| 1600.0 | 1 | $85,000 | $85,000 |
| 1662.5 | 1 | $195,000 | $195,000 |
| 200.0 | 1 | $25,000 | $25,000 |
| 2056.4 | 1 | $205,000 | $205,000 |
| 2154.0 | 1 | $215,000 | $215,000 |
| 2168.0 | 1 | $215,000 | $215,000 |
| 2174.4 | 1 | $365,000 | $365,000 |
| 225.0 | 1 | $155,000 | $155,000 |
| 2250.0 | 1 | $225,000 | $225,000 |
| 2300.0 | 1 | $235,000 | $235,000 |
| 2441.0 | 1 | $245,000 | $245,000 |
| 2475.0 | 1 | $245,000 | $245,000 |
| 250.0 | 7 | $145,000 | $20,714 |
| 253.0 | 1 | $35,000 | $35,000 |
| 2546.62 | 1 | $295,000 | $295,000 |
| 2550.0 | 1 | $255,000 | $255,000 |
| 263.67 | 1 | $235,000 | $235,000 |
| 270.0 | 1 | $25,000 | $25,000 |
| 2700.0 | 1 | $175,000 | $175,000 |
| 2720.0 | 1 | $135,000 | $135,000 |
| 274.0 | 1 | $45,000 | $45,000 |
| 275.0 | 1 | $225,000 | $225,000 |
| 281.25 | 1 | $225,000 | $225,000 |
| 2867.24 | 1 | $175,000 | $175,000 |
| 294.57 | 1 | $245,000 | $245,000 |
| 3007.5 | 1 | $205,000 | $205,000 |
| 3024.0 | 1 | $565,000 | $565,000 |
| 3150.0 | 1 | $335,000 | $335,000 |
| 3253.19 | 1 | $255,000 | $255,000 |
| 3300.0 | 1 | $255,000 | $255,000 |
| 350.0 | 1 | $45,000 | $45,000 |
| 355.0 | 1 | $35,000 | $35,000 |
| 359.1 | 1 | $255,000 | $255,000 |
| 3611.16 | 1 | $245,000 | $245,000 |
| 3784.8 | 1 | $335,000 | $335,000 |
| 400.0 | 2 | $90,000 | $45,000 |
| 4000.0 | 1 | $405,000 | $405,000 |
| 4212.5 | 1 | $335,000 | $335,000 |
| 433.0 | 1 | $45,000 | $45,000 |
| 433.37 | 1 | $45,000 | $45,000 |
| 453.75 | 1 | $125,000 | $125,000 |
| 456.75 | 1 | $305,000 | $305,000 |
| 467.34 | 1 | $185,000 | $185,000 |
| 506.25 | 1 | $135,000 | $135,000 |
| 5265.0 | 1 | $525,000 | $525,000 |
| 530.0 | 1 | $55,000 | $55,000 |
| 5320.0 | 1 | $535,000 | $535,000 |
| 546.5 | 1 | $215,000 | $215,000 |
| 550.0 | 2 | $110,000 | $55,000 |
| 5695.0 | 1 | $565,000 | $565,000 |
| 570.0 | 1 | $225,000 | $225,000 |
| 585.0 | 1 | $35,000 | $35,000 |
| 588.8 | 1 | $125,000 | $125,000 |
| 600.0 | 1 | $65,000 | $65,000 |
| 6570.0 | 1 | $435,000 | $435,000 |
| 6600.0 | 1 | $665,000 | $665,000 |
| 6613.52 | 1 | $335,000 | $335,000 |
| 700.0 | 1 | $75,000 | $75,000 |
| 720.75 | 1 | $65,000 | $65,000 |
| 750.0 | 2 | $150,000 | $75,000 |
| 760.0 | 1 | $155,000 | $155,000 |
| 780.0 | 1 | $155,000 | $155,000 |
| 8150.0 | 1 | $165,000 | $165,000 |
| 825.0 | 1 | $335,000 | $335,000 |
| 838.5 | 1 | $85,000 | $85,000 |
| 865.0 | 1 | $85,000 | $85,000 |
| 976.59 | 1 | $505,000 | $505,000 |
| 985.6 | 1 | $285,000 | $285,000 |
| 991.8 | 1 | $115,000 | $115,000 |
| NA | 95 | $19,005,000 | $200,053 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 9 | $1,005,000 | $111,667 |
| Single Family (1-4 Units):Site-Built | 180 | $35,450,000 | $196,944 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Iconic Mortgage Corp. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |