Connections Mortgage Rates, Fees & Info
Pocatello, IDLEI: 5493000PT0SXF8FBR107
Tax ID: 82-0202675
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Mortgage Data
Review & Overview
Connections is a smaller mortgage company specializing in Other and Cash Out Refi loans. Connections has a high proportion of conventional loans. Their top markets by origination volume include: Boise City, Pocatello, Twin Falls, Burley, and Idaho Falls among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Connections has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Connections is typically an average 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 relatively high 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 15 Year Conventional Refi | 5.68% | 11/17/24 |
| 15 Year Cash-out Refi | 5.68% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Connections Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
197Origination Dollar Volume (All Markets)
$21,295,000Relative Rate
Connections's average 30 year fixed mortgage rate was
6.38%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.11%.
Relative Fees (Closing Costs)
Connections's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,980.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| BOISE CITY, ID (FHA|USDA|VA) | 49 | $6,105,000 | $124,592 | $3,083 | 7.86% |
| POCATELLO, ID (FHA|USDA|VA) | 59 | $5,335,000 | $90,424 | $3,577 | 8.18% |
| TWIN FALLS, ID (FHA|USDA|VA) | 22 | $3,200,000 | $145,455 | $3,658 | 8.08% |
| Burley, ID (FHA|USDA|VA) | 32 | $2,800,000 | $87,500 | $2,867 | 8.92% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 16 | $1,470,000 | $91,875 | $4,073 | 15.47% |
| Blackfoot, ID (FHA|USDA|VA) | 12 | $1,260,000 | $105,000 | $4,131 | 7.37% |
| Outside of Metro Areas | 6 | $1,050,000 | $175,000 | $3,457 | 7.67% |
| Mountain Home, ID (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 11.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against CONNECTIONS 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 124 | $8,100,000 | $65,323 | n/a | 9.65% |
| Conventional | 73 | $13,195,000 | $180,753 | $3,377 | 7.16% |
For 2023, Connections's most frequently originated type of loan was HELOC, with 124 originations. Their 2nd most popular type was Conventional, with 73 originations.
Loan Reason
For 2023, Connections's most frequently cited loan purpose was Other, with 138 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.
Loan Duration/Length
For 2023, Connections's most frequently cited loan duration was 10 Year, with 111 originations. The 2nd most popular length was 5 Year, with 48 originations.
Origination Fees/Closing Costs
Connections's average total fees were $5,980, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 27 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 96 | $7,390,000 | $76,979 |
| 6-7% | 69 | $10,895,000 | $157,899 |
| 7-8% | 29 | $2,755,000 | $95,000 |
| 5-6% | 1 | $115,000 | $115,000 |
During 2023, Connections's average interest rate for loans was 6.38%, while their most frequently originated rate bucket for loans was Over 8%, with 96 originations.
Loan Sizing
2023 saw Connections place emphasis on $100,000 or less loans with 120 originations, totaling $5,810,000 in origination value.
Applicant Income
Connections lent most frequently to those with incomes in the $50k or less range, with 46 originations. The second most popular income band? $100k-150k, with 44 originations.
Applicant Debt to Income Ratio
Connections lent most frequently to those with DTI ratios of 20-30%, with 46 originations. The next most common DTI ratio? 30-36%, with 36 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.06%
Connections has an average approval rate.
Pick Rate
Approvals leading to origination95.94%
Connections has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 197 | $21,295,000 | $108,096 |