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 mid-sized mortgage company specializing in Home Purchase, Cash Out Refi, 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 Blackfoot among others. We have data for 45 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 11/21/24
    30 Year Conventional Purchase 6.53% 11/21/24
    30 Year Conventional Refi 6.59% 11/21/24
    30 Year Cash-out Refi 6.58% 11/21/24
    30 Year FHA Purchase 7.13% 11/21/24
    30 Year FHA Refi 6.79% 11/21/24
    30 Year VA Purchase 6.22% 11/21/24
    30 Year VA Refi 6.23% 11/21/24
    30 Year USDA Purchase 6.59% 11/21/24
    15 Year Conventional Purchase 5.97% 11/21/24
    15 Year Conventional Refi 6.06% 11/21/24
    15 Year Cash-out Refi 6.06% 11/21/24
    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

    16,562

    Origination Dollar Volume (All Markets)

    $3,508,940,000
    Show all (8) 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) 9,646 $2,132,990,000 $221,127 $4,900 3.55%
    IDAHO FALLS, ID (FHA|USDA|VA) 1,519 $307,025,000 $202,123 $5,455 3.48%
    POCATELLO, ID (FHA|USDA|VA) 1,399 $234,215,000 $167,416 $4,559 3.42%
    Outside of Metro Areas 944 $228,110,000 $241,642 $5,362 3.57%
    TWIN FALLS, ID (FHA|USDA|VA) 902 $156,750,000 $173,780 $4,795 3.50%
    Outside of Metro Areas 448 $97,230,000 $217,031 $5,132 3.40%
    Blackfoot, ID (FHA|USDA|VA) 495 $89,635,000 $181,081 $5,021 3.43%
    Rexburg, ID (FHA|USDA|VA) 333 $76,715,000 $230,375 $5,524 3.44%
    Burley, ID (FHA|USDA|VA) 359 $57,055,000 $158,928 $4,863 3.50%
    Sandpoint, ID (FHA|USDA|VA) 82 $20,330,000 $247,927 $5,064 3.40%
    Ontario, OR-ID (FHA|USDA|VA) 96 $18,480,000 $192,500 $5,249 3.55%
    Jackson, WY-ID (FHA|USDA|VA) 61 $18,185,000 $298,115 $6,893 3.33%
    Hailey, ID (FHA|USDA|VA) 50 $16,640,000 $332,800 $5,120 3.33%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 50 $13,440,000 $268,800 $4,739 3.33%
    Mountain Home, ID (FHA|USDA|VA) 71 $13,215,000 $186,127 $5,295 3.45%
    Moscow, ID (FHA|USDA|VA) 28 $7,370,000 $263,214 $4,714 3.35%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 10 $3,790,000 $379,000 $4,791 3.18%
    LEWISTON, ID-WA (FHA|USDA|VA) 18 $3,550,000 $197,222 $6,052 3.56%
    LOGAN, UT-ID (FHA|USDA|VA) 7 $1,595,000 $227,857 $6,218 3.43%
    SALT LAKE CITY, UT (FHA|USDA|VA) 3 $1,205,000 $401,667 $6,125 3.08%
    WENATCHEE, WA (FHA|USDA|VA) 2 $910,000 $455,000 $5,098 3.31%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 4 $860,000 $215,000 $2,769 3.01%
    ST. GEORGE, UT (FHA|USDA|VA) 2 $840,000 $420,000 $4,947 2.94%
    Bozeman, MT (FHA|USDA|VA) 2 $760,000 $380,000 $5,769 2.56%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $735,000 $245,000 $5,749 2.71%
    PROVO-OREM, UT (FHA|USDA|VA) 2 $710,000 $355,000 $5,009 2.69%
    TUCSON, AZ (FHA|USDA|VA) 2 $680,000 $340,000 $3,286 2.56%
    Helena, MT (FHA|USDA|VA) 2 $680,000 $340,000 $4,610 2.69%
    BEND, OR (FHA|USDA|VA) 2 $610,000 $305,000 $5,764 3.13%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $530,000 $265,000 $4,926 2.31%
    La Grande, OR (FHA|USDA|VA) 2 $420,000 $210,000 $5,527 2.81%
    YAKIMA, WA (FHA|USDA|VA) 2 $400,000 $200,000 $1,901 3.25%
    Elko, NV (FHA|USDA|VA) 1 $395,000 $395,000 $7,787 2.50%
    Cedar City, UT (FHA|USDA|VA) 1 $385,000 $385,000 $4,973 2.50%
    Kalispell, MT (FHA|USDA|VA) 1 $335,000 $335,000 $3,286 2.50%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $295,000 $295,000 $10,098 2.63%
    CHEYENNE, WY (FHA|USDA|VA) 1 $285,000 $285,000 $4,008 2.63%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $280,000 $140,000 $4,574 2.75%
    CASPER, WY (FHA|USDA|VA) 1 $255,000 $255,000 $4,957 3.25%
    Coos Bay, OR (FHA|USDA|VA) 1 $235,000 $235,000 $4,987 3.13%
    Astoria, OR (FHA|USDA|VA) 1 $205,000 $205,000 $4,299 3.75%
    BELLINGHAM, WA (FHA|USDA|VA) 1 $165,000 $165,000 $3,209 3.25%
    Vernal, UT (FHA|USDA|VA) 1 $165,000 $165,000 $3,289 2.88%
    WALLA WALLA, WA (FHA|USDA|VA) 1 $165,000 $165,000 $6,697 3.13%
    Butte-Silver Bow, MT (FHA|USDA|VA) 1 $115,000 $115,000 $3,670 2.50%
    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)
  • Utah (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Montana (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: 231
    FIRST MORTGAGE COMPANY, INC.
    Similarity Rank: 280
    EAST IDAHO Credit Union
    Similarity Rank: 450
    CONNECTIONS
    Similarity Rank: 675
    ADVANTAGE PLUS
    Similarity Rank: 960
    PIONEER
    Similarity Rank: 973
    LENDERFI, INC.
    Similarity Rank: 1659
    Potlatch No. 1 Financial Credit Union
    Similarity Rank: 2068
    IDAHO STATE UNIVERSITY
    Similarity Rank: 2178
    First Western Trust Bank
    Similarity Rank: 2190

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 10,861 $2,852,635,000 $262,649 $4,761 3.13%
    HELOC 4,843 $451,355,000 $93,197 n/a 4.45%
    FHA 517 $110,425,000 $213,588 $8,698 3.19%
    VA 289 $84,665,000 $292,958 $5,840 2.86%
    USDA 52 $9,860,000 $189,615 $6,601 2.91%

    For 2020, Idaho Central's most frequently originated type of loan was Conventional, with 10,861 originations. Their 2nd most popular type was HELOC, with 4,843 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 5,477 $1,543,765,000 $281,863 $5,869 3.04%
    Cash Out Refi 5,369 $873,055,000 $162,610 $4,319 4.01%
    Refi 3,855 $909,545,000 $235,939 $4,125 3.18%
    Home Improvement 1,860 $181,870,000 $97,780 $4,169 4.15%
    NA 1 $705,000 $705,000 $0 0.00%

    For 2020, Idaho Central's most frequently cited loan purpose was Home Purchase, with 5,477 originations. The 2nd most popular reason was Cash Out Refi, with 5,369 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 8,281 $2,246,385,000 $271,270 $5,289 3.15%
    10 Year 5,177 $517,685,000 $99,997 $360 4.36%
    15 Year 1,214 $258,120,000 $212,619 $4,393 2.80%
    Other 1,046 $229,970,000 $219,857 $917 3.17%
    20 Year 463 $102,165,000 $220,659 $4,699 3.14%
    30+ year 337 $137,755,000 $408,769 $11,177 3.43%
    1 Year 26 $15,660,000 $602,308 $0 4.34%
    5 Year 18 $1,200,000 $66,667 $0 3.11%

    For 2020, Idaho Central's most frequently cited loan duration was 30 Year, with 8,281 originations. The 2nd most popular length was 10 Year, with 5,177 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 5,383 $1,385,685,000 $257,419
    $<1k 2,120 $479,830,000 $226,335
    $3k-4k 2,108 $643,150,000 $305,100
    $1k-2k 1,478 $204,680,000 $138,484
    $5k+ 414 $197,360,000 $476,715
    $4k-5k 192 $61,510,000 $320,365

    Idaho Central's average total fees were $5,289, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 5,383 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 8,592 $1,820,050,000 $211,831
    2.5-3% 3,372 $867,380,000 $257,230
    4-5% 1,622 $217,370,000 $134,014
    <2.5% 1,614 $463,470,000 $287,156
    5-6% 728 $58,010,000 $79,684
    6-7% 367 $22,405,000 $61,049
    7-8% 182 $11,020,000 $60,549
    Over 8% 76 $3,480,000 $45,789

    During 2020, Idaho Central's average interest rate for loans was 3.15%, while their most frequently originated rate bucket for loans was 3-4%, with 8,592 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 6,234 $1,731,840,000 $277,806 $5,573 3.14%
    $100k-200k 4,711 $701,755,000 $148,961 $3,848 3.37%
    $100,000 or less 4,112 $222,330,000 $54,069 $1,817 4.36%
    $400k-600k 1,256 $588,360,000 $468,439 $6,674 3.05%
    $600k-1MM 218 $154,340,000 $707,982 $7,928 3.62%
    $1MM+ 31 $110,315,000 $3,558,548 $9,779 3.92%

    2020 saw Idaho Central place emphasis on $200k-400k loans with 6,234 originations, totaling $1,731,840,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 3,997 $897,095,000 $224,442 $5,150 3.56%
    $50k-75k 3,878 $669,230,000 $172,571 $4,918 3.51%
    $75k-100k 3,173 $622,475,000 $196,179 $5,016 3.55%
    $50k or less 2,299 $322,965,000 $140,481 $4,314 3.32%
    $150k-250k 2,110 $559,780,000 $265,299 $5,397 3.64%
    $250k+ 801 $288,845,000 $360,605 $5,773 3.51%

    Idaho Central lent most frequently to those with incomes in the $100k-150k range, with 3,997 originations. The second most popular income band? $50k-75k, with 3,878 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 4,488 $877,020,000 $195,414 $4,579 3.49%
    30-36% 3,317 $688,635,000 $207,608 $4,900 3.57%
    <20% 2,240 $408,300,000 $182,277 $4,164 3.37%
    43% 571 $127,615,000 $223,494 $5,517 3.49%
    37% 557 $126,395,000 $226,921 $5,132 3.58%
    42% 546 $126,430,000 $231,557 $5,348 3.49%
    44% 546 $126,060,000 $230,879 $5,313 3.45%
    39% 530 $117,170,000 $221,075 $5,217 3.51%
    41% 530 $124,770,000 $235,415 $5,485 3.52%
    38% 519 $110,575,000 $213,054 $5,045 3.57%
    36% 517 $112,985,000 $218,540 $5,116 3.56%
    40% 496 $111,610,000 $225,020 $5,265 3.52%
    50-60% 329 $58,305,000 $177,219 $8,457 3.99%
    45% 297 $64,185,000 $216,111 $5,741 3.60%
    46% 255 $54,715,000 $214,569 $5,809 3.60%
    48% 246 $57,120,000 $232,195 $5,539 3.42%
    47% 235 $54,085,000 $230,149 $5,975 3.58%
    49% 221 $52,305,000 $236,674 $6,310 3.47%
    >60% 36 $6,970,000 $193,611 $4,190 3.84%

    Idaho Central lent most frequently to those with DTI ratios of 20-30%, with 4,488 originations. The next most common DTI ratio? 30-36%, with 3,317 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 14,950 $3,039,270,000 $203,296 $4,939 3.52%
    Not provided 1,114 $279,570,000 $250,961 $5,497 3.36%
    Not applicable 22 $85,630,000 $3,892,273 $0 4.29%
    Asian 256 $60,730,000 $237,227 $4,692 3.21%
    American Indian 99 $18,165,000 $183,485 $5,218 3.75%
    Black 60 $13,430,000 $223,833 $5,585 3.72%
    Native Hawaiian or Islander 30 $5,690,000 $189,667 $5,276 3.70%
    Asian Indian 12 $3,440,000 $286,667 $4,329 3.27%
    Other Asian 5 $1,365,000 $273,000 $4,990 3.08%
    Chinese 1 $425,000 $425,000 $5,564 2.88%
    Native Hawaiian 2 $420,000 $210,000 $5,472 2.81%
    Japanese 5 $365,000 $73,000 $2,854 4.06%
    Filipino 4 $360,000 $90,000 $0 4.75%
    Vietnamese 2 $80,000 $40,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    88.86%

    Idaho Central has an average approval rate.

    Pick Rate

    Approvals leading to origination
    53.63%

    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 16,562 $3,508,940,000 $211,867

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $83,095,000 $6,391,923
    Single Family (1-4 Units):Manufactured 190 $30,680,000 $161,474
    Single Family (1-4 Units):Site-Built 16,359 $3,395,165,000 $207,541

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2,464 $275,040,000 $111,623 $2,658 3.92%
    40-60% 2,583 $533,475,000 $206,533 $4,024 3.25%
    60-80% 4,766 $1,314,670,000 $275,843 $5,005 3.25%
    80-100% 4,166 $1,197,870,000 $287,535 $5,854 3.09%
    Over 100% 44 $14,680,000 $333,636 $12,704 2.93%
    Under 20% 2,518 $115,500,000 $45,870 $1,262 4.59%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Idaho Housing And Finance Association Conventional home mortgage Struggling to pay mortgage 2 15.4%
    Idaho Housing And Finance Association FHA mortgage Incorrect information on your report 2 15.4%
    Idaho Housing And Finance Association FHA mortgage Struggling to pay mortgage 4 30.8%
    Idaho Housing And Finance Association FHA mortgage Trouble during payment process 2 15.4%
    Idaho Housing And Finance Association VA mortgage Trouble during payment process 3 23.1%