Idaho Central Mortgage Rates, Fees & Info

Chubbuck, ID

LEI: 5493001PXRJMPLXPG540

Tax ID: 82-0217065

4.9 stars - Updated: 12/4/23 - out of 5 stars, based on 115 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Idaho Central is a small mortgage company specializing in Cash Out Refi and Home Purchase 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 by origination volume include: Boise City, Idaho Falls, Pocatello, Twin Falls, and Blackfoot among others. We have data for 54 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Idaho Central has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Idaho Central 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.

    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% 12/4/23
    30 Year Conventional Purchase 6.53% 12/4/23
    30 Year Conventional Refi 6.59% 12/4/23
    30 Year Cash-out Refi 6.58% 12/4/23
    30 Year FHA Purchase 7.13% 12/4/23
    30 Year FHA Refi 6.79% 12/4/23
    30 Year VA Purchase 6.22% 12/4/23
    30 Year VA Refi 6.23% 12/4/23
    30 Year USDA Purchase 6.59% 12/4/23
    15 Year Conventional Purchase 5.97% 12/4/23
    15 Year Conventional Refi 6.06% 12/4/23
    15 Year Cash-out Refi 6.06% 12/4/23
    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.

    Idaho Central Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Idaho Central. 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

    13,127

    Origination Dollar Volume (All Markets)

    $2,963,635,000
    Show all (12) awards

    Relative Rate

    Idaho Central's average 30 year fixed mortgage rate was 4.54%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.22%.

    Relative Fees (Closing Costs)

    Idaho Central's average total fees/closing costs for a 30 year fixed rate mortgage were $7,313.

    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 $4,750.

    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) 7,220 $1,643,240,000 $227,596 $6,875 5.03%
    Outside of Metro Areas 966 $257,130,000 $266,180 $7,472 4.94%
    IDAHO FALLS, ID (FHA|USDA|VA) 1,108 $254,270,000 $229,486 $6,958 4.96%
    POCATELLO, ID (FHA|USDA|VA) 964 $169,450,000 $175,778 $5,799 4.98%
    TWIN FALLS, ID (FHA|USDA|VA) 760 $138,010,000 $181,592 $6,030 5.07%
    Outside of Metro Areas 437 $108,625,000 $248,570 $6,787 5.09%
    Blackfoot, ID (FHA|USDA|VA) 360 $70,310,000 $195,306 $6,849 5.17%
    Rexburg, ID (FHA|USDA|VA) 236 $64,290,000 $272,415 $7,335 5.06%
    Burley, ID (FHA|USDA|VA) 276 $49,120,000 $177,971 $6,095 5.21%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 110 $30,810,000 $280,091 $6,587 5.18%
    Sandpoint, ID (FHA|USDA|VA) 105 $29,265,000 $278,714 $8,714 5.06%
    Moscow, ID (FHA|USDA|VA) 108 $24,210,000 $224,167 $5,825 5.19%
    Jackson, WY-ID (FHA|USDA|VA) 63 $23,295,000 $369,762 $8,936 4.60%
    LEWISTON, ID-WA (FHA|USDA|VA) 114 $22,200,000 $194,737 $5,352 5.26%
    Ontario, OR-ID (FHA|USDA|VA) 96 $22,020,000 $229,375 $6,719 5.15%
    Mountain Home, ID (FHA|USDA|VA) 51 $12,125,000 $237,745 $8,140 5.04%
    Hailey, ID (FHA|USDA|VA) 40 $10,570,000 $264,250 $4,895 4.94%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 27 $7,205,000 $266,852 $6,678 5.17%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $4,135,000 $4,135,000 $0 0.00%
    Pullman, WA (FHA|USDA|VA) 13 $2,325,000 $178,846 $4,997 5.90%
    BEND, OR (FHA|USDA|VA) 4 $1,950,000 $487,500 $7,990 4.07%
    PROVO-OREM, UT (FHA|USDA|VA) 4 $1,610,000 $402,500 $7,996 4.00%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 3 $1,405,000 $468,333 $6,821 6.25%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 5 $1,335,000 $267,000 $4,881 4.87%
    Newport, OR (FHA|USDA|VA) 4 $1,150,000 $287,500 $8,832 5.78%
    ST. GEORGE, UT (FHA|USDA|VA) 2 $930,000 $465,000 $5,568 4.25%
    LOGAN, UT-ID (FHA|USDA|VA) 6 $850,000 $141,667 $0 4.92%
    WENATCHEE, WA (FHA|USDA|VA) 4 $820,000 $205,000 $2,846 5.81%
    MISSOULA, MT (FHA|USDA|VA) 2 $790,000 $395,000 $7,849 5.25%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 4 $780,000 $195,000 $6,362 4.40%
    BELLINGHAM, WA (FHA|USDA|VA) 2 $730,000 $365,000 $3,965 5.37%
    BILLINGS, MT (FHA|USDA|VA) 2 $710,000 $355,000 $6,668 5.69%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $645,000 $645,000 $6,052 3.63%
    Bozeman, MT (FHA|USDA|VA) 2 $620,000 $310,000 $5,867 4.94%
    La Grande, OR (FHA|USDA|VA) 1 $615,000 $615,000 $0 5.25%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $585,000 $585,000 $5,664 5.50%
    WALLA WALLA, WA (FHA|USDA|VA) 2 $560,000 $280,000 $5,432 5.68%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $475,000 $475,000 $20,912 3.25%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $465,000 $465,000 $6,531 3.13%
    TUCSON, AZ (FHA|USDA|VA) 2 $450,000 $225,000 $5,941 4.56%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $425,000 $425,000 $17,064 6.75%
    Shelton, WA (FHA|USDA|VA) 2 $410,000 $205,000 $0 3.97%
    Ellensburg, WA (FHA|USDA|VA) 2 $380,000 $190,000 $6,500 2.88%
    GREAT FALLS, MT (FHA|USDA|VA) 1 $315,000 $315,000 $6,270 3.88%
    MEDFORD, OR (FHA|USDA|VA) 1 $285,000 $285,000 $1,336 5.75%
    Coos Bay, OR (FHA|USDA|VA) 1 $285,000 $285,000 $7,098 5.50%
    Oak Harbor, WA (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.50%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $215,000 $215,000 $5,096 5.09%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $200,000 $100,000 $0 4.25%
    Othello, WA (FHA|USDA|VA) 1 $195,000 $195,000 $8,068 2.25%
    Moses Lake, WA (FHA|USDA|VA) 2 $170,000 $85,000 $0 3.62%
    CORVALLIS, OR (FHA|USDA|VA) 1 $165,000 $165,000 $4,755 6.25%
    YAKIMA, WA (FHA|USDA|VA) 2 $140,000 $70,000 $0 7.62%
    Kalispell, MT (FHA|USDA|VA) 1 $115,000 $115,000 $4,572 5.00%
    Idaho Central's top markets include Boise City, Idaho Falls, Pocatello, Twin Falls, and Blackfoot among others.

    Their top states include:
  • Idaho (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against IDAHO CENTRAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SPOKANE FIREFIGHTERS CREDIT UNION
    Similarity Rank: 315
    ADVANTAGE PLUS
    Similarity Rank: 442
    ROGUE
    Similarity Rank: 667
    EAST IDAHO Credit Union
    Similarity Rank: 671
    CONNECTIONS
    Similarity Rank: 729
    DHA FINANCIAL, LLC
    Similarity Rank: 927
    IDAHO STATE UNIVERSITY
    Similarity Rank: 972
    WASHINGTON STATE EMPLOYEES Credit Union
    Similarity Rank: 1152
    BEEHIVE
    Similarity Rank: 1302
    PIONEER
    Similarity Rank: 1630

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 8,048 $1,077,690,000 $133,908 n/a 5.41%
    Conventional 4,758 $1,778,290,000 $373,747 $6,422 4.42%
    FHA 220 $65,710,000 $298,682 $11,702 4.68%
    VA 91 $39,035,000 $428,956 $10,126 4.10%
    USDA 10 $2,910,000 $291,000 $9,636 3.89%

    For 2022, Idaho Central's most frequently originated type of loan was HELOC, with 8,048 originations. Their 2nd most popular type was Conventional, with 4,758 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 4,425 $588,355,000 $132,962 $5,169 5.42%
    Cash Out Refi 4,359 $697,405,000 $159,992 $4,848 5.03%
    Home Purchase 3,534 $1,365,630,000 $386,426 $7,574 4.75%
    Refi 809 $312,245,000 $385,964 $5,830 4.11%

    For 2022, Idaho Central's most frequently cited loan purpose was Home Improvement, with 4,425 originations. The 2nd most popular reason was Cash Out Refi, with 4,359 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 8,166 $1,092,540,000 $133,791 $670 5.39%
    30 Year 4,100 $1,584,950,000 $386,573 $7,313 4.54%
    Other 308 $119,440,000 $387,792 $647 3.79%
    15 Year 289 $63,785,000 $220,709 $5,029 3.75%
    30+ year 145 $75,875,000 $523,276 $14,385 4.76%
    20 Year 110 $23,730,000 $215,727 $4,953 3.92%
    1 Year 9 $3,315,000 $368,333 $0 4.83%

    For 2022, Idaho Central's most frequently cited loan duration was 10 Year, with 8,166 originations. The 2nd most popular length was 30 Year, with 4,100 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $3k-4k 1,663 $636,335,000 $382,643
    $2k-3k 1,226 $334,270,000 $272,651
    $5k+ 808 $463,200,000 $573,267
    $4k-5k 495 $235,635,000 $476,030
    $<1k 479 $117,445,000 $245,188
    $1k-2k 315 $40,705,000 $129,222

    Idaho Central's average total fees were $7,313, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 1,663 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 4,148 $1,005,810,000 $242,481
    4-5% 2,852 $706,150,000 $247,598
    5-6% 2,503 $570,465,000 $227,913
    6-7% 1,514 $264,150,000 $174,472
    7-8% 972 $127,510,000 $131,183
    Over 8% 530 $46,820,000 $88,340
    2.5-3% 530 $178,740,000 $337,245
    <2.5% 61 $17,715,000 $290,410

    During 2022, Idaho Central's average interest rate for loans was 4.54%, while their most frequently originated rate bucket for loans was 3-4%, with 4,148 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 4,062 $228,550,000 $56,265 $1,608 5.59%
    $200k-400k 3,732 $1,093,420,000 $292,985 $6,835 4.79%
    $100k-200k 3,452 $472,390,000 $136,845 $3,778 5.02%
    $400k-600k 1,142 $547,090,000 $479,063 $8,197 4.42%
    $600k-1MM 668 $488,300,000 $730,988 $10,255 4.17%
    $1MM+ 71 $133,885,000 $1,885,704 $13,345 4.40%

    2022 saw Idaho Central place emphasis on $100,000 or less loans with 4,062 originations, totaling $228,550,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 3,517 $768,185,000 $218,421 $7,090 5.14%
    $150k-250k 2,542 $716,320,000 $281,794 $7,914 5.06%
    $75k-100k 2,421 $451,775,000 $186,607 $6,675 5.13%
    $50k-75k 2,388 $379,340,000 $158,853 $5,880 4.92%
    $250k+ 1,126 $459,840,000 $408,384 $8,716 4.99%
    $50k or less 1,051 $121,265,000 $115,381 $4,468 4.70%

    Idaho Central lent most frequently to those with incomes in the $100k-150k range, with 3,517 originations. The second most popular income band? $150k-250k, with 2,542 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,756 $550,320,000 $199,681 $5,874 4.72%
    30-36% 2,215 $497,315,000 $224,521 $6,525 4.94%
    <20% 1,364 $263,880,000 $193,460 $5,049 4.43%
    50-60% 1,024 $165,020,000 $161,152 $10,658 5.91%
    38% 491 $125,485,000 $255,570 $6,832 5.05%
    39% 450 $124,680,000 $277,067 $6,878 4.89%
    41% 443 $117,005,000 $264,120 $7,057 5.01%
    42% 434 $111,130,000 $256,060 $7,237 5.06%
    40% 421 $117,375,000 $278,800 $7,158 5.03%
    43% 418 $109,270,000 $261,411 $6,838 5.08%
    37% 417 $99,525,000 $238,669 $7,050 5.00%
    44% 400 $103,880,000 $259,700 $6,797 5.05%
    36% 394 $102,540,000 $260,254 $7,234 4.97%
    >60% 344 $70,930,000 $206,192 $8,819 6.70%
    45% 335 $70,625,000 $210,821 $7,541 5.36%
    49% 322 $78,770,000 $244,627 $7,789 5.21%
    48% 308 $75,650,000 $245,617 $7,482 5.26%
    46% 299 $69,235,000 $231,555 $7,289 5.34%
    47% 271 $63,805,000 $235,443 $7,928 5.51%

    Idaho Central lent most frequently to those with DTI ratios of 20-30%, with 2,756 originations. The next most common DTI ratio? 30-36%, with 2,215 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 11,202 $2,482,270,000 $221,592 $6,684 5.01%
    Not provided 1,469 $331,045,000 $225,354 $7,023 5.21%
    Asian 182 $51,430,000 $282,582 $7,730 4.74%
    Not applicable 17 $46,275,000 $2,722,059 $0 0.00%
    American Indian 118 $24,030,000 $203,644 $6,337 5.24%
    Black 61 $10,255,000 $168,115 $7,082 5.35%
    Native Hawaiian or Islander 31 $8,635,000 $278,548 $9,656 4.45%
    Asian Indian 5 $1,835,000 $367,000 $7,450 4.00%
    Chinese 6 $1,830,000 $305,000 $6,377 5.06%
    Other Asian 5 $1,575,000 $315,000 $9,253 5.82%
    Other Pacific Islander 11 $1,335,000 $121,364 $11,160 7.06%
    Filipino 7 $1,125,000 $160,714 $13,706 4.77%
    Japanese 6 $770,000 $128,333 $4,990 6.42%
    Vietnamese 3 $625,000 $208,333 $0 4.75%
    Korean 2 $480,000 $240,000 $0 4.38%
    Native Hawaiian 1 $85,000 $85,000 $0 5.50%
    Samoan 1 $35,000 $35,000 $0 8.24%

    Approval Rates

    Total approvals of all applications
    85.01%

    Idaho Central has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.78%

    Idaho Central has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 13,127 $2,963,635,000 $225,766

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    13,127 $2,963,635,000 $225,766

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3,475 $557,995,000 $160,574 $3,841 5.13%
    40-60% 1,696 $488,600,000 $288,090 $5,604 4.63%
    60-80% 2,021 $812,975,000 $402,264 $7,258 4.49%
    80-100% 1,903 $774,115,000 $406,787 $7,863 4.60%
    Over 100% 25 $10,905,000 $436,200 $17,152 4.03%
    Under 20% 3,988 $272,510,000 $68,332 $2,332 5.60%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Idaho Housing And Finance Association VA mortgage Struggling to pay mortgage 1 100.0%