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, Burley, Blackfoot, and Twin Falls among others. We have data for 9 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 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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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
345Origination Dollar Volume (All Markets)
$53,635,000Top 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) | 96 | $19,630,000 | $204,479 | $4,478 | 4.50% |
| POCATELLO, ID (FHA|USDA|VA) | 112 | $13,190,000 | $117,768 | $2,993 | 4.79% |
| Burley, ID (FHA|USDA|VA) | 45 | $5,715,000 | $127,000 | $3,539 | 5.20% |
| Blackfoot, ID (FHA|USDA|VA) | 30 | $4,480,000 | $149,333 | $3,203 | 5.10% |
| TWIN FALLS, ID (FHA|USDA|VA) | 27 | $4,335,000 | $160,556 | $4,150 | 4.90% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 24 | $3,140,000 | $130,833 | $4,052 | 5.47% |
| Outside of Metro Areas | 9 | $2,715,000 | $301,667 | $4,139 | 3.81% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,586 | 3.75% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,007 | 5.50% |
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 | 186 | $13,790,000 | $74,140 | n/a | 5.24% |
| Conventional | 159 | $39,845,000 | $250,597 | $3,691 | 4.33% |
For 2022, Connections's most frequently originated type of loan was HELOC, with 186 originations. Their 2nd most popular type was Conventional, with 159 originations.
Loan Reason
For 2022, Connections's most frequently cited loan purpose was Other, with 188 originations. The 2nd most popular reason was Cash Out Refi, with 101 originations.
Loan Duration/Length
For 2022, Connections's most frequently cited loan duration was 10 Year, with 165 originations. The 2nd most popular length was 5 Year, with 106 originations.
Origination Fees/Closing Costs
Connections's average total fees were $5,233, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 46 originations.
Interest Rates
During 2022, Connections's average interest rate for loans was 3.50%, while their most frequently originated rate bucket for loans was 4-5%, with 145 originations.
Loan Sizing
2022 saw Connections place emphasis on $100,000 or less loans with 168 originations, totaling $8,900,000 in origination value.
Applicant Income
Connections lent most frequently to those with incomes in the $50k-75k range, with 89 originations. The second most popular income band? $100k-150k, with 77 originations.
Applicant Debt to Income Ratio
Connections lent most frequently to those with DTI ratios of 30-36%, with 70 originations. The next most common DTI ratio? 20-30%, with 65 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.67%
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 origination92.17%
Connections has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 345 | $53,635,000 | $155,464 |