Idaho Central Mortgage Rates, Fees & Info
Chubbuck, IDLEI: 5493001PXRJMPLXPG540
Tax ID: 82-0217065
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Mortgage Data
Review & Overview
Idaho Central is a small 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 36 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/14/24 |
| 30 Year Conventional Purchase | 6.53% | 4/14/24 |
| 30 Year Conventional Refi | 6.59% | 4/14/24 |
| 30 Year Cash-out Refi | 6.58% | 4/14/24 |
| 30 Year FHA Purchase | 7.13% | 4/14/24 |
| 30 Year FHA Refi | 6.79% | 4/14/24 |
| 30 Year VA Purchase | 6.22% | 4/14/24 |
| 30 Year VA Refi | 6.23% | 4/14/24 |
| 30 Year USDA Purchase | 6.59% | 4/14/24 |
| 15 Year Conventional Purchase | 5.97% | 4/14/24 |
| 15 Year Conventional Refi | 6.06% | 4/14/24 |
| 15 Year Cash-out Refi | 6.06% | 4/14/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
12,583Origination Dollar Volume (All Markets)
$2,205,695,000Awards
IDAHO CENTRAL - 2019
IDAHO CENTRAL is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 7,520 | $1,344,620,000 | $178,806 | $4,805 | 5.06% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1,123 | $186,925,000 | $166,451 | $5,089 | 4.84% |
| Outside of Metro Areas | 755 | $147,105,000 | $194,841 | $5,403 | 5.24% |
| POCATELLO, ID (FHA|USDA|VA) | 911 | $125,375,000 | $137,623 | $4,385 | 4.75% |
| TWIN FALLS, ID (FHA|USDA|VA) | 812 | $116,730,000 | $143,756 | $4,953 | 4.91% |
| Rexburg, ID (FHA|USDA|VA) | 197 | $71,605,000 | $363,477 | $5,589 | 4.70% |
| Blackfoot, ID (FHA|USDA|VA) | 346 | $53,750,000 | $155,347 | $5,364 | 4.92% |
| Outside of Metro Areas | 304 | $50,520,000 | $166,184 | $4,761 | 4.63% |
| Burley, ID (FHA|USDA|VA) | 307 | $40,975,000 | $133,469 | $4,854 | 5.10% |
| Sandpoint, ID (FHA|USDA|VA) | 46 | $12,910,000 | $280,652 | $6,409 | 4.41% |
| Ontario, OR-ID (FHA|USDA|VA) | 66 | $11,580,000 | $175,455 | $5,043 | 4.89% |
| Jackson, WY-ID (FHA|USDA|VA) | 39 | $10,765,000 | $276,026 | $7,305 | 4.20% |
| Mountain Home, ID (FHA|USDA|VA) | 55 | $9,765,000 | $177,545 | $4,650 | 4.63% |
| Hailey, ID (FHA|USDA|VA) | 25 | $5,195,000 | $207,800 | $5,061 | 5.00% |
| Moscow, ID (FHA|USDA|VA) | 18 | $4,220,000 | $234,444 | $3,356 | 4.34% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 11 | $3,135,000 | $285,000 | $4,144 | 3.65% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 11 | $2,085,000 | $189,545 | $6,431 | 4.33% |
| LOGAN, UT-ID (FHA|USDA|VA) | 6 | $1,050,000 | $175,000 | $3,245 | 4.07% |
| Bozeman, MT (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $5,962 | 3.75% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $2,542 | 3.95% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $4,876 | 4.06% |
| Pullman, WA (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $3,950 | 3.52% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $4,676 | 3.69% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,037 | 4.05% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $2,060 | 2.98% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,312 | 4.50% |
| Elko, NV (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,284 | 4.19% |
| ST. GEORGE, UT (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,891 | 3.38% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 4.00% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,283 | 3.80% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $6,274 | 3.56% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,582 | 4.00% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,775 | 3.88% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,196 | 2.88% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,737 | 4.13% |
| Price, UT (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,765 | 4.75% |
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.
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Product Mix
For 2019, Idaho Central's most frequently originated type of loan was Conventional, with 6,917 originations. Their 2nd most popular type was HELOC, with 4,875 originations.
Loan Reason
For 2019, Idaho Central's most frequently cited loan purpose was Cash Out Refi, with 4,767 originations. The 2nd most popular reason was Home Purchase, with 4,139 originations.
Loan Duration/Length
For 2019, Idaho Central's most frequently cited loan duration was 30 Year, with 5,597 originations. The 2nd most popular length was 10 Year, with 5,102 originations.
Origination Fees/Closing Costs
Idaho Central's average total fees were $5,021, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 3,212 originations.
Interest Rates
During 2019, Idaho Central's average interest rate for loans was 3.97%, while their most frequently originated rate bucket for loans was 3-4%, with 5,302 originations.
Loan Sizing
2019 saw Idaho Central place emphasis on $100,000 or less loans with 4,550 originations, totaling $224,530,000 in origination value.
Applicant Income
Idaho Central lent most frequently to those with incomes in the $50k-75k range, with 3,083 originations. The second most popular income band? $100k-150k, with 2,795 originations.
Applicant Debt to Income Ratio
Idaho Central lent most frequently to those with DTI ratios of 20-30%, with 3,031 originations. The next most common DTI ratio? 30-36%, with 2,369 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.42%
Idaho Central has an average approval rate.
Pick Rate
Approvals leading to origination65.96%
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 | 12,583 | $2,205,695,000 | $175,292 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Idaho Housing And Finance Association | FHA mortgage | Struggling to pay mortgage | 2 | 22.2% |
| Idaho Housing And Finance Association | FHA mortgage | Trouble during payment process | 7 | 77.8% |