Ideal Home Loans Mortgage Rates, Fees & InfoCentennial, CO
Tax ID: 35-2352369
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewIdeal Home Loans is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Ideal Home Loans has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Phoenix, Denver, Greeley, Fort Collins, and Colorado Springs among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)
Ideal Home Loans 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. Ideal Home Loans 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.
|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.16%||3/19/23|
|30 Year Conventional Refi||6.34%||3/19/23|
|30 Year Cash-out Refi||6.55%||3/19/23|
|30 Year FHA Purchase||7.15%||3/19/23|
|30 Year FHA Refi||6.53%||3/19/23|
|30 Year VA Purchase||6.80%||3/19/23|
|30 Year VA Refi||6.03%||3/19/23|
|15 Year Conventional Refi||5.86%||3/19/23|
|15 Year Cash-out Refi||5.86%||3/19/23|
|15 Year VA Refi||5.84%||3/19/23|
|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.|
Origination Dollar Volume (All Markets)$266,815,000
Ideal Home Loans's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.16%.
Relative Fees (Closing Costs)
Ideal Home Loans's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,360.
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.
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|
|PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)||444||$123,900,000||$279,054||$5,254||2.93%|
|DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA)||331||$108,395,000||$327,477||$5,024||2.85%|
|GREELEY, CO (FHA|USDA|VA)||58||$17,360,000||$299,310||$4,733||2.84%|
|FORT COLLINS, CO (FHA|USDA|VA)||20||$4,940,000||$247,000||$4,331||2.89%|
|COLORADO SPRINGS, CO (FHA|USDA|VA)||14||$4,240,000||$302,857||$3,972||2.82%|
|BOULDER, CO (FHA|USDA|VA)||10||$3,120,000||$312,000||$4,589||2.86%|
|TUCSON, AZ (FHA|USDA|VA)||3||$775,000||$258,333||$7,825||2.88%|
|PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA)||3||$735,000||$245,000||$4,622||2.92%|
|Outside of Metro Areas||4||$650,000||$162,500||$4,125||2.72%|
|Glenwood Springs, CO (FHA|USDA|VA)||2||$630,000||$315,000||$5,304||2.56%|
|GRAND JUNCTION, CO (FHA|USDA|VA)||3||$605,000||$201,667||$3,728||3.21%|
|Steamboat Springs, CO (FHA|USDA|VA)||1||$435,000||$435,000||$3,677||2.75%|
|Edwards, CO (FHA|USDA|VA)||1||$305,000||$305,000||$3,810||3.25%|
|Payson, AZ (FHA|USDA|VA)||1||$185,000||$185,000||$3,410||3.38%|
|FLAGSTAFF, AZ (FHA|USDA|VA)||1||$185,000||$185,000||$4,251||2.88%|
|YUMA, AZ (FHA|USDA|VA)||1||$165,000||$165,000||$3,837||2.25%|
|SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA)||1||$105,000||$105,000||$2,895||3.38%|
|Show Low, AZ (FHA|USDA|VA)||1||$85,000||$85,000||$2,945||2.38%|
We use machine learning to identify the top lenders compared against IDEAL HOME LOANS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 378
Similarity Rank: 882
Similarity Rank: 930
Similarity Rank: 1166
Similarity Rank: 1344
Similarity Rank: 1428
Similarity Rank: 1540
Similarity Rank: 1830
Similarity Rank: 1984
Similarity Rank: 2106
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Ideal Home Loans's most frequently originated type of loan was Conventional, with 818 originations. Their 2nd most popular type was FHA, with 55 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||554||$165,320,000||$298,412||$5,319||2.98%|
For 2021, Ideal Home Loans's most frequently cited loan purpose was Cash Out Refi, with 554 originations. The 2nd most popular reason was Refi, with 295 originations.
For 2021, Ideal Home Loans's most frequently cited loan duration was 30 Year, with 666 originations. The 2nd most popular length was 15 Year, with 119 originations.
Origination Fees/Closing Costs
Ideal Home Loans's average total fees were $5,360, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 333 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, Ideal Home Loans's average interest rate for loans was 2.99%, while their most frequently originated rate bucket for loans was 2.5-3%, with 455 originations.
2021 saw Ideal Home Loans place emphasis on $200k-400k loans with 524 originations, totaling $151,170,000 in origination value.
Ideal Home Loans lent most frequently to those with incomes in the $100k-150k range, with 234 originations. The second most popular income band? $50k-75k, with 219 originations.
Applicant Debt to Income Ratio
Ideal Home Loans lent most frequently to those with DTI ratios of 20-30%, with 199 originations. The next most common DTI ratio? 30-36%, with 156 originations.
Approval RatesTotal approvals of all applications
Ideal Home Loans has a below average approval rate.
Pick RateApprovals leading to origination
Ideal Home Loans has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|