Connections Mortgage Rates, Fees & Info

Pocatello, ID

LEI: 5493000PT0SXF8FBR107

Tax ID: 82-0202675

5 stars - Updated: 10/13/24 - out of 5 stars, based on 14 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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.

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

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 10/13/24
30 Year Conventional Refi 6.27% 10/13/24
30 Year Cash-out Refi 6.27% 10/13/24
15 Year Conventional Purchase 5.68% 10/13/24
15 Year Conventional Refi 5.68% 10/13/24
15 Year Cash-out Refi 5.68% 10/13/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Connections. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

197

Origination Dollar Volume (All Markets)

$21,295,000

Relative 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%
Connections's top markets include Boise City, Pocatello, Twin Falls, Burley, and Idaho Falls among others.

Their top states include:
  • Idaho (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 138 $9,830,000 $71,232 $2,195 9.46%
    Cash Out Refi 27 $5,385,000 $199,444 $3,153 7.05%
    Home Purchase 17 $3,845,000 $226,176 $5,149 7.11%
    Refi 14 $2,200,000 $157,143 $2,500 6.80%
    NA 1 $35,000 $35,000 $0 7.75%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 111 $5,375,000 $48,423 $1,514 9.72%
    5 Year 48 $10,010,000 $208,542 $3,757 7.02%
    15 Year 32 $5,470,000 $170,938 $2,791 8.01%
    Other 5 $195,000 $39,000 $1,319 7.53%
    30 Year 1 $245,000 $245,000 $5,980 6.38%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 27 $5,455,000 $202,037
    $1k-2k 23 $2,835,000 $123,261
    $3k-4k 9 $2,485,000 $276,111
    $<1k 5 $225,000 $45,000
    $4k-5k 3 $1,185,000 $395,000
    $5k+ 1 $505,000 $505,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 120 $5,810,000 $48,417 $1,702 9.60%
    $100k-200k 43 $6,145,000 $142,907 $2,727 7.71%
    $200k-400k 31 $7,975,000 $257,258 $4,415 6.86%
    $400k-600k 3 $1,365,000 $455,000 $7,327 7.00%

    2023 saw Connections place emphasis on $100,000 or less loans with 120 originations, totaling $5,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 46 $2,840,000 $61,739 $2,165 10.86%
    $100k-150k 44 $7,070,000 $160,682 $3,830 7.84%
    $50k-75k 42 $3,620,000 $86,190 $2,757 8.25%
    $75k-100k 41 $4,365,000 $106,463 $3,332 8.20%
    $150k-250k 15 $1,645,000 $109,667 $3,429 8.15%
    $250k+ 5 $1,605,000 $321,000 $6,339 6.87%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 46 $4,430,000 $96,304 $3,195 8.38%
    30-36% 36 $3,590,000 $99,722 $3,643 11.12%
    40% 18 $2,210,000 $122,778 $3,164 7.78%
    <20% 14 $1,080,000 $77,143 $2,835 8.01%
    50-60% 13 $995,000 $76,538 $0 8.69%
    36% 11 $1,245,000 $113,182 $3,633 8.14%
    43% 11 $1,535,000 $139,545 $3,233 7.83%
    41% 9 $1,195,000 $132,778 $2,770 7.50%
    39% 7 $1,445,000 $206,429 $4,907 8.14%
    38% 7 $1,025,000 $146,429 $4,394 8.05%
    42% 5 $405,000 $81,000 $3,523 8.22%
    37% 4 $380,000 $95,000 $0 9.31%
    45% 3 $195,000 $65,000 $0 9.00%
    44% 3 $595,000 $198,333 $3,716 7.42%
    49% 2 $160,000 $80,000 $0 9.00%
    46% 2 $490,000 $245,000 $1,231 7.38%
    >60% 2 $170,000 $85,000 $0 8.13%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 195 $21,135,000 $108,385 $3,377 8.74%
    American Indian 1 $135,000 $135,000 $0 7.00%
    Black 1 $25,000 $25,000 $0 7.00%

    Approval Rates

    Total approvals of all applications
    94.06%

    Connections has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.94%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    197 $21,295,000 $108,096

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $4,980,000 $99,600 $2,350 10.61%
    40-60% 20 $3,710,000 $185,500 $3,945 7.92%
    60-80% 20 $4,030,000 $201,500 $3,679 7.33%
    80-100% 17 $4,355,000 $256,176 $4,023 6.79%
    Over 100% 2 $260,000 $130,000 $4,879 7.25%
    Under 20% 87 $3,945,000 $45,345 $1,440 8.57%