Connections Mortgage Rates, Fees & Info
Pocatello, IDLEI: 5493000PT0SXF8FBR107
Tax ID: 82-0202675
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Connections is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Connections has a high proportion of conventional loans. Their top markets by origination volume include: Boise City, Pocatello, Burley, Twin Falls, 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 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.68% | 12/16/24 |
| 15 Year Conventional Refi | 5.68% | 12/16/24 |
| 15 Year Cash-out Refi | 5.68% | 12/16/24 |
| 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
87Origination Dollar Volume (All Markets)
$15,225,000Top 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) | 34 | $7,240,000 | $212,941 | $4,519 | 4.33% |
| POCATELLO, ID (FHA|USDA|VA) | 33 | $4,905,000 | $148,636 | $3,001 | 4.56% |
| Outside of Metro Areas | 6 | $950,000 | $158,333 | $2,643 | 4.50% |
| Burley, ID (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $2,351 | 4.59% |
| TWIN FALLS, ID (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $2,757 | 5.03% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $2,702 | 4.13% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 4.63% |
| Blackfoot, ID (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,467 | 3.94% |
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.
Similarity Rank: 374
Similarity Rank: 380
Similarity Rank: 420
Similarity Rank: 462
Similarity Rank: 480
Similarity Rank: 688
Similarity Rank: 1029
Similarity Rank: 1541
Similarity Rank: 1548
Similarity Rank: 1768
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 87 | $15,225,000 | $175,000 | $3,177 | 4.46% |
For 2018, Connections's most frequently originated type of loan was Conventional, with 87 originations.
Loan Reason
For 2018, Connections's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Cash Out Refi, with 29 originations.
Loan Duration/Length
For 2018, Connections's most frequently cited loan duration was 5 Year, with 41 originations. The 2nd most popular length was 30 Year, with 26 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 47 | $6,815,000 | $145,000 |
| $<1k | 21 | $3,365,000 | $160,238 |
| $2k-3k | 17 | $4,315,000 | $253,824 |
| $3k-4k | 1 | $385,000 | $385,000 |
Connections's average total fees were $4,281, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 47 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 39 | $7,235,000 | $185,513 |
| 3-4% | 34 | $5,780,000 | $170,000 |
| 5-6% | 8 | $1,160,000 | $145,000 |
| 6-7% | 6 | $1,050,000 | $175,000 |
During 2018, Connections's average interest rate for loans was 4.45%, while their most frequently originated rate bucket for loans was 4-5%, with 39 originations.
Loan Sizing
2018 saw Connections place emphasis on $100k-200k loans with 41 originations, totaling $5,855,000 in origination value.
Applicant Income
Connections lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $75k-100k, with 20 originations.
Applicant Debt to Income Ratio
Connections lent most frequently to those with DTI ratios of 30-36%, with 26 originations. The next most common DTI ratio? 20-30%, with 25 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 85 | $15,015,000 | $176,647 | $3,247 | 4.47% |
| American Indian | 2 | $210,000 | $105,000 | $1,611 | 4.06% |
Approval Rates
Total approvals of all applications100.00%
Connections has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.25%
Connections has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1175.0 | 1 | $225,000 | $225,000 |
| 1228.5 | 1 | $85,000 | $85,000 |
| 1315.0 | 1 | $95,000 | $95,000 |
| 1595.0 | 1 | $125,000 | $125,000 |
| 1665.0 | 1 | $135,000 | $135,000 |
| 1714.0 | 1 | $105,000 | $105,000 |
| 1747.5 | 1 | $135,000 | $135,000 |
| 1902.5 | 1 | $155,000 | $155,000 |
| 2018.0 | 1 | $225,000 | $225,000 |
| 2145.0 | 1 | $145,000 | $145,000 |
| 2330.0 | 1 | $195,000 | $195,000 |
| 2374.0 | 1 | $205,000 | $205,000 |
| 2380.0 | 1 | $205,000 | $205,000 |
| 2403.75 | 1 | $235,000 | $235,000 |
| 2570.0 | 1 | $295,000 | $295,000 |
| 2617.5 | 1 | $195,000 | $195,000 |
| 2670.0 | 1 | $235,000 | $235,000 |
| 2730.0 | 1 | $235,000 | $235,000 |
| 3164.5 | 1 | $245,000 | $245,000 |
| 6974.39 | 1 | $235,000 | $235,000 |
| 7481.93 | 1 | $155,000 | $155,000 |
| 850.0 | 9 | $1,915,000 | $212,778 |
| NA | 57 | $9,445,000 | $165,702 |