Idaho Central Mortgage Rates, Fees & Info

Chubbuck, ID

LEI: 5493001PXRJMPLXPG540

Tax ID: 82-0217065

4.1 stars - out of 5 stars, based on 137 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Idaho Central is a mid-sized mortgage company specializing in Cash Out Refi, Home Purchase, and Refi loans. Idaho Central 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 include Boise City, Idaho Falls, Pocatello, Twin Falls, and Rexburg among others. Idaho Central has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Idaho Central is typically an average fee lendor.


Originations

18,690

Origination Dollar Volume (All Markets)

$4,221,420,000
Show all (12) awards

Relative Rate

Idaho Central's average 30 year fixed rate mortgage of loans were 3.06%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.09%.

Relative Fees

Idaho Central's average total fees for a 30 year fixed rate mortgage are $5,948.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
BOISE CITY, ID (FHA|USDA|VA) 10,756 $2,452,750,000 $228,036 $5,509 3.44%
IDAHO FALLS, ID (FHA|USDA|VA) 1,614 $368,920,000 $228,575 $6,165 3.41%
Outside of Metro Areas 1,213 $328,025,000 $270,425 $6,210 3.44%
POCATELLO, ID (FHA|USDA|VA) 1,421 $251,015,000 $176,647 $4,762 3.39%
TWIN FALLS, ID (FHA|USDA|VA) 1,100 $196,470,000 $178,609 $4,900 3.40%
Outside of Metro Areas 534 $125,330,000 $234,700 $5,973 3.32%
Rexburg, ID (FHA|USDA|VA) 365 $120,065,000 $328,945 $6,542 3.38%
Blackfoot, ID (FHA|USDA|VA) 576 $104,500,000 $181,424 $5,437 3.44%
Burley, ID (FHA|USDA|VA) 347 $59,185,000 $170,562 $5,247 3.42%
Sandpoint, ID (FHA|USDA|VA) 109 $34,275,000 $314,450 $7,877 3.44%
Jackson, WY-ID (FHA|USDA|VA) 92 $29,440,000 $320,000 $7,542 3.25%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 91 $28,715,000 $315,549 $6,303 3.30%
Ontario, OR-ID (FHA|USDA|VA) 111 $26,235,000 $236,351 $6,593 3.49%
Moscow, ID (FHA|USDA|VA) 91 $21,875,000 $240,385 $5,495 3.34%
Mountain Home, ID (FHA|USDA|VA) 88 $20,950,000 $238,068 $7,017 3.40%
Hailey, ID (FHA|USDA|VA) 48 $12,620,000 $262,917 $5,359 3.29%
LEWISTON, ID-WA (FHA|USDA|VA) 32 $7,690,000 $240,313 $5,998 3.22%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 11 $4,895,000 $445,000 $6,581 3.28%
Pullman, WA (FHA|USDA|VA) 13 $4,145,000 $318,846 $6,164 3.22%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 10 $2,720,000 $272,000 $5,937 2.94%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 7 $2,055,000 $293,571 $4,800 3.52%
RENO, NV (FHA|USDA|VA) 1 $1,985,000 $1,985,000 $14,720 3.99%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 5 $1,595,000 $319,000 $3,936 3.10%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $1,010,000 $505,000 $6,386 2.81%
Bozeman, MT (FHA|USDA|VA) 2 $980,000 $490,000 $7,172 3.00%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 6 $960,000 $160,000 $3,110 3.33%
TUCSON, AZ (FHA|USDA|VA) 2 $900,000 $450,000 $12,059 2.88%
LOGAN, UT-ID (FHA|USDA|VA) 5 $895,000 $179,000 $4,179 2.83%
SALEM, OR (FHA|USDA|VA) 2 $840,000 $420,000 $5,738 2.88%
WENATCHEE, WA (FHA|USDA|VA) 4 $840,000 $210,000 $6,076 3.81%
MEDFORD, OR (FHA|USDA|VA) 2 $800,000 $400,000 $6,398 3.13%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $770,000 $385,000 $10,642 3.25%
BELLINGHAM, WA (FHA|USDA|VA) 2 $760,000 $380,000 $0 3.74%
Kalispell, MT (FHA|USDA|VA) 3 $725,000 $241,667 $3,690 2.88%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $695,000 $231,667 $4,464 3.41%
ALBANY-LEBANON, OR (FHA|USDA|VA) 2 $650,000 $325,000 $7,656 2.81%
YAKIMA, WA (FHA|USDA|VA) 2 $590,000 $295,000 $10,715 2.88%
Port Angeles, WA (FHA|USDA|VA) 1 $465,000 $465,000 $5,620 2.88%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $450,000 $225,000 $4,617 3.06%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $435,000 $435,000 $5,970 2.63%
MISSOULA, MT (FHA|USDA|VA) 1 $385,000 $385,000 $5,688 2.88%
LONGVIEW, WA (FHA|USDA|VA) 1 $365,000 $365,000 $4,822 2.75%
ST. GEORGE, UT (FHA|USDA|VA) 1 $355,000 $355,000 $4,580 3.13%
Astoria, OR (FHA|USDA|VA) 1 $325,000 $325,000 $6,946 3.63%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $325,000 $325,000 $5,269 3.00%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $305,000 $305,000 $6,583 2.88%
PROVO-OREM, UT (FHA|USDA|VA) 1 $295,000 $295,000 $5,444 2.63%
WALLA WALLA, WA (FHA|USDA|VA) 1 $295,000 $295,000 $4,744 3.13%
Riverton, WY (FHA|USDA|VA) 1 $275,000 $275,000 $9,727 2.63%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.25%
Elko, NV (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.59%
BILLINGS, MT (FHA|USDA|VA) 1 $75,000 $75,000 $3,448 3.00%

Idaho Central's top markets include Boise City, Idaho Falls, Pocatello, Twin Falls, and Rexburg among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 17,923 $4,000,485,000 $223,204 $5,381 3.45%
VA 371 $118,285,000 $318,827 $6,858 2.53%
FHA 359 $93,825,000 $261,351 $10,218 2.78%
USDA 37 $8,825,000 $238,514 $7,909 2.58%

For the 2021 period, Idaho Central's most frequently originated loan type of loans were Conventional, with 17,923 originations. Their 2nd most popular type is VA, with 371 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 6,513 $1,192,705,000 $183,127 $4,820 3.67%
Home Purchase 4,759 $1,632,315,000 $342,995 $6,700 3.00%
Home Improvement 4,044 $519,230,000 $128,395 $5,105 3.90%
Refi 3,369 $869,865,000 $258,197 $4,833 2.96%
NA 4 $6,730,000 $1,682,500 $0 3.60%
Other 1 $575,000 $575,000 $0 3.50%

For the 2021, Idaho Central's most frequently cited loan purpose of loans were Cash Out Refi, with 6,513 originations. The 2nd most popular reason of loans were Home Purchase, with 4,759 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 7,748 $2,412,190,000 $311,331 $5,948 3.06%
10 Year 7,715 $943,445,000 $122,287 $606 4.02%
15 Year 1,246 $262,950,000 $211,035 $4,509 2.53%
Other 817 $160,635,000 $196,616 $954 2.96%
20 Year 619 $132,915,000 $214,725 $4,708 2.89%
30+ year 523 $271,915,000 $519,914 $13,675 3.43%
1 Year 11 $36,695,000 $3,335,909 $15,622 4.28%
5 Year 11 $675,000 $61,364 $0 2.92%

For the 2021, Idaho Central's most frequently cited loan length of loans were 30 Year, with 7,748 originations. The 2nd most popular length of loans were 10 Year, with 7,715 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$2k-3k 4,342 $1,156,980,000 $266,462
$3k-4k 3,424 $1,220,760,000 $356,530
$1k-2k 1,308 $194,130,000 $148,417
$<1k 1,119 $227,675,000 $203,463
$5k+ 741 $428,435,000 $578,185

$5,948 of loans were Idaho Central's average total fees, while their most frequently occuring range of origination fees were in the $2k-3k bucket, with 4,342 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 8,353 $1,870,345,000 $223,913
2.5-3% 5,665 $1,590,855,000 $280,822
4-5% 2,042 $270,620,000 $132,527
<2.5% 1,481 $369,735,000 $249,652
5-6% 698 $58,630,000 $83,997
6-7% 392 $24,420,000 $62,296
7-8% 40 $2,330,000 $58,250
Over 8% 14 $330,000 $23,571

During 2021, Idaho Central's average interest rate of loans were 3.06%, while their most frequently originated rate bucket of loans were 3-4%, with 8,353 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 6,382 $1,828,610,000 $286,526 $5,974 3.12%
$100k-200k 5,192 $751,870,000 $144,813 $3,645 3.37%
$100,000 or less 4,723 $266,205,000 $56,364 $1,594 4.05%
$400k-600k 1,760 $840,930,000 $477,801 $7,568 3.02%
$600k-1MM 581 $422,605,000 $727,375 $11,508 3.21%
$1MM+ 52 $111,200,000 $2,138,462 $18,403 3.57%

2021 saw Idaho Central place emphasis on $200k-400k loans with 6,382 originations, totaling $1,828,610,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 4,572 $1,076,560,000 $235,468 $5,902 3.50%
$50k-75k 4,022 $729,420,000 $181,358 $5,176 3.38%
$75k-100k 3,711 $756,485,000 $203,849 $5,532 3.47%
$150k-250k 2,730 $787,620,000 $288,505 $6,794 3.48%
$50k or less 2,432 $341,150,000 $140,275 $4,113 3.21%
$250k+ 1,095 $454,445,000 $415,018 $8,046 3.44%

Idaho Central lent most frequently to those with incomes in the $100k-150k range, with 4,572 originations. The second most popular income band? $50k-75k, with 4,022 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 4,926 $1,038,340,000 $210,788 $5,059 3.35%
30-36% 3,504 $808,510,000 $230,739 $5,590 3.45%
<20% 2,529 $493,145,000 $194,996 $4,306 3.30%
40% 654 $159,930,000 $244,541 $6,077 3.47%
39% 644 $157,630,000 $244,767 $5,761 3.42%
37% 640 $164,050,000 $256,328 $6,175 3.44%
38% 615 $151,505,000 $246,350 $5,842 3.43%
36% 610 $144,580,000 $237,016 $5,891 3.47%
44% 604 $154,910,000 $256,474 $6,472 3.37%
42% 583 $143,345,000 $245,875 $6,214 3.49%
43% 571 $139,765,000 $244,772 $6,600 3.46%
41% 534 $135,820,000 $254,345 $6,339 3.45%
50-60% 499 $82,555,000 $165,441 $9,025 4.02%
45% 374 $87,430,000 $233,770 $6,578 3.52%
46% 314 $69,980,000 $222,866 $6,470 3.60%
47% 301 $67,055,000 $222,774 $6,186 3.57%
49% 299 $68,265,000 $228,311 $6,785 3.42%
48% 278 $61,070,000 $219,676 $6,385 3.54%
>60% 88 $21,410,000 $243,295 $7,035 3.92%

Idaho Central lent most frequently to those with DTI ratios of 20-30%, with 4,926 originations. The next most common DTI ratio? 30-36%, with 3,504 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 16,368 $3,638,670,000 $222,304 $5,512 3.40%
Not provided 1,694 $386,710,000 $228,282 $6,742 3.63%
Asian 311 $85,815,000 $275,932 $5,638 3.19%
Not applicable 8 $41,160,000 $5,145,000 $0 3.57%
American Indian 171 $33,265,000 $194,532 $5,441 3.48%
Native Hawaiian 48 $14,550,000 $303,125 $6,139 3.21%
Black 55 $12,065,000 $219,364 $6,143 3.57%
Asian Indian 7 $2,685,000 $383,571 $6,679 3.10%
Vietnamese 3 $1,285,000 $428,333 $6,793 3.42%
Chinese 5 $1,285,000 $257,000 $3,080 2.94%
Other Asian 4 $1,240,000 $310,000 $8,146 3.60%
Filipino 5 $805,000 $161,000 $4,611 3.80%
Korean 2 $640,000 $320,000 $6,180 2.69%
Other Pacific Islander 6 $620,000 $103,333 $1,596 3.56%
Japanese 2 $420,000 $210,000 $2,500 3.43%
Native Hawiian 1 $205,000 $205,000 $0 3.25%

Approval Rates

Total approvals of all applications
88.60%

Idaho Central has an average approval rate.

Pick Rate

Approvals leading to origination
63.94%

Idaho Central has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 18,690 $4,221,420,000 $225,865

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
18,690 $4,221,420,000 $225,865

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 3,990 $572,750,000 $143,546 $3,300 3.63%
40-60% 3,539 $844,345,000 $238,583 $4,726 3.12%
60-80% 4,532 $1,485,730,000 $327,831 $6,052 3.19%
80-100% 3,037 $1,056,285,000 $347,805 $6,921 3.00%
Over 100% 32 $14,980,000 $468,125 $17,364 2.64%
Under 20% 3,554 $208,000,000 $58,526 $1,919 4.15%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Idaho Housing And Finance Association Conventional home mortgage Trouble during payment process 3 12.0%
Idaho Housing And Finance Association FHA mortgage Closing on a mortgage 2 8.0%
Idaho Housing And Finance Association FHA mortgage Credit monitoring or identity theft protection services 1 4.0%
Idaho Housing And Finance Association FHA mortgage Improper use of your report 1 4.0%
Idaho Housing And Finance Association FHA mortgage Incorrect information on your report 1 4.0%
Idaho Housing And Finance Association FHA mortgage Problem with a credit reporting company's investigation into an existing problem 1 4.0%
Idaho Housing And Finance Association FHA mortgage Struggling to pay mortgage 7 28.0%
Idaho Housing And Finance Association FHA mortgage Trouble during payment process 8 32.0%
Idaho Housing And Finance Association Other type of mortgage Struggling to pay mortgage 1 4.0%