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

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

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Mortgage Data

  • SimulatedRates™
  • Review & 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 by origination volume include: Boise City, Idaho Falls, Pocatello, Twin Falls, and Rexburg among others. We have data for 52 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% 1/29/23
    30 Year Conventional Purchase 6.47% 1/29/23
    30 Year Conventional Refi 6.60% 1/29/23
    30 Year Cash-out Refi 6.72% 1/29/23
    30 Year FHA Purchase 7.17% 1/29/23
    30 Year FHA Refi 6.73% 1/29/23
    30 Year VA Purchase 6.08% 1/29/23
    30 Year VA Refi 5.95% 1/29/23
    30 Year USDA Purchase 6.50% 1/29/23
    15 Year Conventional Purchase 5.87% 1/29/23
    15 Year Conventional Refi 6.13% 1/29/23
    15 Year Cash-out Refi 6.13% 1/29/23
    15 Year FHA Refi 5.68% 1/29/23
    15 Year VA Refi 6.08% 1/29/23
    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.


    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 mortgage rate was 3.06%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.09%.

    Relative Fees (Closing Costs)

    Idaho Central's average total fees/closing costs for a 30 year fixed rate mortgage were $5,948.

    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) 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.

    Their top states include:
  • Idaho (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Arizona (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: 360
    ROGUE
    Similarity Rank: 506
    CONNECTIONS
    Similarity Rank: 810
    EAST IDAHO Credit Union
    Similarity Rank: 854
    ADVANTAGE PLUS
    Similarity Rank: 952
    PIONEER
    Similarity Rank: 1467
    BEEHIVE
    Similarity Rank: 1674
    IDAHO STATE UNIVERSITY
    Similarity Rank: 2268

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 10,510 $3,067,520,000 $291,867 $5,381 3.02%
    HELOC 7,413 $932,965,000 $125,855 n/a 4.06%
    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 2021, Idaho Central's most frequently originated type of loan was Conventional, with 10,510 originations. Their 2nd most popular type was HELOC, with 7,413 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Idaho Central's most frequently cited loan purpose was Cash Out Refi, with 6,513 originations. The 2nd most popular reason was 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 2021, Idaho Central's most frequently cited loan duration was 30 Year, with 7,748 originations. The 2nd most popular length was 10 Year, with 7,715 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 4,342 $1,156,980,000 $266,462
    $3k-4k 2,953 $1,013,415,000 $343,182
    $1k-2k 1,308 $194,130,000 $148,417
    $<1k 1,119 $227,675,000 $203,463
    $5k+ 741 $428,435,000 $578,185
    $4k-5k 471 $207,345,000 $440,223

    Idaho Central's average total fees were $5,948, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.06%, while their most frequently originated rate bucket for loans was 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 or Islander 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 Hawaiian 1 $205,000 $205,000 $0 3.25%

    Approval Rates

    Total approvals of all applications
    89.73%

    Idaho Central has an average approval rate.

    Pick Rate

    Approvals leading to origination
    66.71%

    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%