Idaho Central Mortgage Rates, Fees & Info

Chubbuck, ID

LEI: 5493001PXRJMPLXPG540

Tax ID: 82-0217065

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 Home Purchase loans. Idaho Central has a high proportion of conventional loans. They have an average proportion of FHA loans. 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 31 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% 4/22/24
    30 Year Conventional Purchase 6.53% 4/22/24
    30 Year Conventional Refi 6.59% 4/22/24
    30 Year Cash-out Refi 6.58% 4/22/24
    30 Year FHA Purchase 7.13% 4/22/24
    30 Year FHA Refi 6.79% 4/22/24
    30 Year VA Purchase 6.22% 4/22/24
    30 Year VA Refi 6.23% 4/22/24
    30 Year USDA Purchase 6.59% 4/22/24
    15 Year Conventional Purchase 5.97% 4/22/24
    15 Year Conventional Refi 6.06% 4/22/24
    15 Year Cash-out Refi 6.06% 4/22/24
    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.

    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

    9,852

    Origination Dollar Volume (All Markets)

    $1,411,370,000
    Show all (29) awards

    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) 6,014 $860,310,000 $143,051 $4,415 5.42%
    IDAHO FALLS, ID (FHA|USDA|VA) 853 $132,435,000 $155,258 $4,801 5.12%
    POCATELLO, ID (FHA|USDA|VA) 723 $87,495,000 $121,017 $3,905 5.14%
    TWIN FALLS, ID (FHA|USDA|VA) 658 $86,040,000 $130,760 $4,542 5.21%
    Outside of Metro Areas 432 $65,450,000 $151,505 $5,290 5.62%
    Outside of Metro Areas 265 $37,735,000 $142,396 $4,337 4.92%
    Blackfoot, ID (FHA|USDA|VA) 285 $35,445,000 $124,368 $4,434 5.25%
    Burley, ID (FHA|USDA|VA) 268 $32,050,000 $119,590 $4,517 5.32%
    Rexburg, ID (FHA|USDA|VA) 123 $30,195,000 $245,488 $4,448 5.02%
    Jackson, WY-ID (FHA|USDA|VA) 49 $12,425,000 $253,571 $6,540 5.08%
    Sandpoint, ID (FHA|USDA|VA) 28 $6,760,000 $241,429 $8,961 5.08%
    Ontario, OR-ID (FHA|USDA|VA) 45 $6,585,000 $146,333 $5,145 5.15%
    Hailey, ID (FHA|USDA|VA) 28 $5,460,000 $195,000 $5,609 4.99%
    Mountain Home, ID (FHA|USDA|VA) 33 $3,655,000 $110,758 $3,251 5.33%
    Moscow, ID (FHA|USDA|VA) 15 $2,955,000 $197,000 $4,544 5.42%
    LOGAN, UT-ID (FHA|USDA|VA) 9 $1,115,000 $123,889 $2,307 4.85%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $685,000 $228,333 $1,340 4.31%
    SALT LAKE CITY, UT (FHA|USDA|VA) 2 $590,000 $295,000 $4,087 4.02%
    LEWISTON, ID-WA (FHA|USDA|VA) 4 $570,000 $142,500 $4,967 4.81%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $540,000 $270,000 $5,027 4.63%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $450,000 $225,000 $3,983 4.25%
    Bozeman, MT (FHA|USDA|VA) 1 $325,000 $325,000 $9,616 4.13%
    CASPER, WY (FHA|USDA|VA) 1 $305,000 $305,000 $5,438 4.75%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $4,766 4.50%
    Elko, NV (FHA|USDA|VA) 2 $270,000 $135,000 $4,101 4.38%
    CHEYENNE, WY (FHA|USDA|VA) 1 $255,000 $255,000 $2,244 3.89%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $255,000 $255,000 $5,196 4.50%
    LONGVIEW, WA (FHA|USDA|VA) 1 $235,000 $235,000 $4,637 4.75%
    Rock Springs, WY (FHA|USDA|VA) 1 $185,000 $185,000 $5,633 4.50%
    ST. GEORGE, UT (FHA|USDA|VA) 1 $165,000 $165,000 $3,772 4.50%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $125,000 $125,000 $3,024 4.00%
    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)
  • Utah (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Wyoming (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.

    EAST IDAHO Credit Union
    Similarity Rank: 161
    Potlatch No. 1 Financial Credit Union
    Similarity Rank: 198
    SPOKANE FIREFIGHTERS CREDIT UNION
    Similarity Rank: 275
    BEEHIVE
    Similarity Rank: 322
    ADVANTAGE PLUS
    Similarity Rank: 374
    FIRST MORTGAGE COMPANY, INC.
    Similarity Rank: 380
    PIONEER
    Similarity Rank: 420
    IDAHO STATE UNIVERSITY
    Similarity Rank: 480
    Boeing Employees Credit Union
    Similarity Rank: 774
    Stifel Bank and Trust
    Similarity Rank: 1029

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,547 $968,575,000 $213,014 $4,074 4.40%
    HELOC 4,541 $295,625,000 $65,101 n/a 6.45%
    FHA 498 $86,840,000 $174,378 $7,298 4.37%
    VA 200 $49,100,000 $245,500 $5,969 4.18%
    USDA 66 $11,230,000 $170,152 $6,078 4.28%

    For 2018, Idaho Central's most frequently originated type of loan was Conventional, with 4,547 originations. Their 2nd most popular type was HELOC, with 4,541 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,712 $812,480,000 $218,879 $4,829 4.45%
    Home Improvement 3,294 $221,900,000 $67,365 $2,340 6.54%
    Other 1,321 $87,425,000 $66,181 $91 5.98%
    Refi 853 $185,655,000 $217,649 $4,539 4.20%
    Cash Out Refi 672 $103,910,000 $154,628 $2,733 4.46%

    For 2018, Idaho Central's most frequently cited loan purpose was Home Purchase, with 3,712 originations. The 2nd most popular reason was Home Improvement, with 3,294 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,136 $893,410,000 $216,008 $4,738 4.48%
    10 Year 3,517 $234,625,000 $66,712 $163 6.47%
    20 Year 1,367 $101,725,000 $74,415 $4,240 5.76%
    Other 369 $52,635,000 $142,642 $774 3.80%
    15 Year 264 $58,660,000 $222,197 $3,982 4.08%
    30+ year 183 $68,595,000 $374,836 $10,563 4.72%
    5 Year 14 $1,560,000 $111,429 $19 4.20%
    3 Year 2 $160,000 $80,000 $0 5.88%

    For 2018, Idaho Central's most frequently cited loan duration was 30 Year, with 4,136 originations. The 2nd most popular length was 10 Year, with 3,517 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 2,037 $456,145,000 $223,930
    $<1k 1,249 $259,075,000 $207,426
    $1k-2k 1,136 $139,910,000 $123,160
    $3k-4k 451 $127,885,000 $283,559
    $5k+ 152 $68,050,000 $447,697
    $4k-5k 66 $23,200,000 $351,515

    Idaho Central's average total fees were $4,738, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 2,037 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 4,281 $806,585,000 $188,410
    5-6% 1,742 $171,690,000 $98,559
    3-4% 1,491 $296,505,000 $198,863
    6-7% 840 $53,150,000 $63,274
    7-8% 752 $42,190,000 $56,104
    Over 8% 698 $30,470,000 $43,653
    2.5-3% 40 $10,390,000 $259,750

    During 2018, Idaho Central's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 4-5%, with 4,281 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 4,401 $205,955,000 $46,797 $1,857 6.23%
    $100k-200k 2,896 $429,270,000 $148,229 $3,990 4.77%
    $200k-400k 2,200 $586,380,000 $266,536 $5,399 4.44%
    $400k-600k 296 $136,490,000 $461,115 $6,813 4.37%
    $600k-1MM 57 $39,565,000 $694,123 $9,820 4.46%
    $1MM+ 2 $13,710,000 $6,855,000 $4,963 4.32%

    2018 saw Idaho Central place emphasis on $100,000 or less loans with 4,401 originations, totaling $205,955,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 2,627 $342,745,000 $130,470 $4,581 5.29%
    $50k or less 2,046 $212,620,000 $103,920 $3,852 5.09%
    $100k-150k 2,038 $316,460,000 $155,280 $4,706 5.50%
    $75k-100k 1,848 $255,890,000 $138,469 $4,608 5.48%
    $150k-250k 931 $181,965,000 $195,451 $5,157 5.42%
    $250k+ 289 $73,935,000 $255,830 $5,285 5.19%

    Idaho Central lent most frequently to those with incomes in the $50k-75k range, with 2,627 originations. The second most popular income band? $50k or less, with 2,046 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,178 $273,670,000 $125,652 $3,898 5.29%
    30-36% 1,803 $256,625,000 $142,332 $4,410 5.37%
    <20% 996 $119,130,000 $119,608 $3,347 4.98%
    44% 441 $60,465,000 $137,109 $4,558 5.41%
    42% 381 $62,435,000 $163,871 $4,645 5.48%
    50-60% 377 $53,005,000 $140,597 $7,275 5.59%
    41% 370 $55,850,000 $150,946 $4,971 5.56%
    43% 367 $62,065,000 $169,114 $4,989 5.31%
    36% 352 $50,400,000 $143,182 $4,699 5.44%
    39% 346 $54,370,000 $157,139 $4,527 5.34%
    38% 345 $52,445,000 $152,014 $4,342 5.38%
    37% 343 $52,155,000 $152,055 $4,497 5.42%
    40% 334 $48,430,000 $145,000 $4,610 5.47%
    45% 299 $43,005,000 $143,829 $4,510 5.48%
    46% 234 $38,290,000 $163,632 $4,698 5.24%
    47% 215 $37,285,000 $173,419 $4,979 5.16%
    49% 209 $36,035,000 $172,416 $4,919 5.21%
    48% 190 $32,160,000 $169,263 $5,115 5.23%
    >60% 51 $7,225,000 $141,667 $7,405 6.36%

    Idaho Central lent most frequently to those with DTI ratios of 20-30%, with 2,178 originations. The next most common DTI ratio? 30-36%, with 1,803 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 9,192 $1,277,460,000 $138,975 $4,477 5.35%
    Not provided 406 $79,060,000 $194,729 $4,604 5.05%
    Asian 130 $24,460,000 $188,154 $4,516 4.81%
    Not applicable 11 $15,635,000 $1,421,364 $0 5.55%
    Black 34 $5,670,000 $166,765 $5,408 5.44%
    American Indian 48 $4,910,000 $102,292 $4,715 5.53%
    Native Hawaiian or Islander 17 $2,355,000 $138,529 $2,936 4.78%
    Asian Indian 3 $675,000 $225,000 $5,152 4.37%
    Other Asian 1 $325,000 $325,000 $2,873 2.99%
    Chinese 1 $225,000 $225,000 $3,126 3.69%
    Japanese 1 $205,000 $205,000 $0 5.25%
    Other Pacific Islander 2 $130,000 $65,000 $0 7.00%
    Filipino 2 $80,000 $40,000 $0 6.25%
    Guamanian 1 $75,000 $75,000 $0 8.49%
    Native Hawaiian 1 $55,000 $55,000 $0 7.24%
    Samoan 1 $35,000 $35,000 $0 5.49%
    Vietnamese 1 $15,000 $15,000 $0 5.49%

    Approval Rates

    Total approvals of all applications
    86.69%

    Idaho Central has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.40%

    Idaho Central has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 9,852 $1,411,370,000 $143,257

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $14,535,000 $2,907,000
    Single Family (1-4 Units):Manufactured 133 $17,995,000 $135,301
    Single Family (1-4 Units):Site-Built 9,714 $1,378,840,000 $141,944

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,661 $134,915,000 $81,225 $1,830 5.98%
    40-60% 781 $112,535,000 $144,091 $2,961 4.82%
    60-80% 1,802 $381,550,000 $211,737 $4,274 4.61%
    80-100% 2,933 $677,225,000 $230,898 $5,062 4.44%
    Over 100% 40 $11,630,000 $290,750 $9,975 4.16%
    Under 20% 2,635 $93,515,000 $35,490 $814 6.59%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Idaho Housing And Finance Association Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 25.0%
    Idaho Housing And Finance Association Conventional home mortgage Struggling to pay mortgage 1 12.5%
    Idaho Housing And Finance Association Conventional home mortgage Trouble during payment process 1 12.5%
    Idaho Housing And Finance Association FHA mortgage Incorrect information on your report 1 12.5%
    Idaho Housing And Finance Association FHA mortgage Trouble during payment process 3 37.5%