Westmark Credit Union Mortgage Rates, Fees & Info

Idaho Falls, ID

LEI: 5493006LGHJCBICSE610

Tax ID: 82-0218879

5 stars - Updated: 4/5/25 - out of 5 stars, based on 25 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Westmark Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Westmark Credit Union 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.) Their top markets by origination volume include: Idaho Falls, Boise City, Pocatello, Blackfoot, and Twin Falls among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Westmark Credit Union 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. Westmark Credit Union 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) 6.72% 4/5/25
    30 Year Conventional Purchase 6.49% 4/5/25
    30 Year Conventional Refi 5.98% 4/5/25
    30 Year Cash-out Refi 6.46% 4/5/25
    30 Year FHA Purchase 6.72% 4/5/25
    30 Year VA Purchase 6.45% 4/5/25
    30 Year USDA Purchase 6.72% 4/5/25
    15 Year Conventional Purchase 6.33% 4/5/25
    15 Year Conventional Refi 7.89% 4/5/25
    15 Year Cash-out Refi 7.89% 4/5/25
    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.

    Westmark Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Westmark Credit Union. 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

    644

    Origination Dollar Volume (All Markets)

    $70,680,000

    Awards

    WESTMARK Credit Union 30 Year Conventional Loans silver WESTMARK Credit Union 30 Year Conventional Loans gold WESTMARK Credit Union 30 Year Conventional Loans silver
    Show all (3) awards

    Relative Rate

    Westmark Credit Union's average 30 year fixed mortgage rate was 6.32%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.23%.

    Relative Fees (Closing Costs)

    Westmark Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $8,513.

    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 $8,356.

    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
    IDAHO FALLS, ID (FHA|USDA|VA) 258 $24,470,000 $94,845 $2,652 7.04%
    BOISE CITY, ID (FHA|USDA|VA) 191 $23,845,000 $124,843 $3,346 7.23%
    POCATELLO, ID (FHA|USDA|VA) 45 $5,335,000 $118,556 $2,748 7.60%
    Blackfoot, ID (FHA|USDA|VA) 55 $5,085,000 $92,455 $2,316 7.22%
    TWIN FALLS, ID (FHA|USDA|VA) 42 $4,600,000 $109,524 $2,524 7.34%
    Outside of Metro Areas 18 $1,830,000 $101,667 $2,536 7.31%
    Rexburg, ID (FHA|USDA|VA) 12 $1,710,000 $142,500 $1,666 7.72%
    Sandpoint, ID (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $12,550 6.50%
    Burley, ID (FHA|USDA|VA) 6 $880,000 $146,667 $9,799 7.68%
    Outside of Metro Areas 1 $865,000 $865,000 $26,699 6.25%
    Jackson, WY-ID (FHA|USDA|VA) 3 $245,000 $81,667 $0 8.66%
    Mountain Home, ID (FHA|USDA|VA) 3 $215,000 $71,667 $0 7.32%
    Ontario, OR-ID (FHA|USDA|VA) 4 $210,000 $52,500 $0 7.54%
    Hailey, ID (FHA|USDA|VA) 3 $165,000 $55,000 $0 7.57%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $145,000 $145,000 $0 10.25%
    LEWISTON, ID-WA (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.99%
    Westmark Credit Union's top markets include Idaho Falls, Boise City, Pocatello, Blackfoot, and Twin Falls among others.

    Their top states include:
  • Idaho (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against WESTMARK Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    BEEHIVE
    Similarity Rank: 128
    ADVANTAGE PLUS
    Similarity Rank: 198
    CAPITAL EDUCATORS FEDERAL CREDIT UNION
    Similarity Rank: 253
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 624
    First Federal Savings Bank of Twin Falls
    Similarity Rank: 688
    Shea Mortgage Inc.
    Similarity Rank: 1122
    WESTMARK Credit Union
    Similarity Rank: 1216
    D. L. Evans Bank
    Similarity Rank: 1426
    HORIZON
    Similarity Rank: 1971
    Eagle Bank and Trust Company
    Similarity Rank: 2077

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 377 $23,475,000 $62,268 n/a 7.08%
    Conventional 263 $45,715,000 $173,821 $2,867 7.42%
    FHA 2 $680,000 $340,000 $5,862 7.25%
    VA 2 $810,000 $405,000 $0 5.81%

    For 2024, Westmark Credit Union's most frequently originated type of loan was HELOC, with 377 originations. Their 2nd most popular type was Conventional, with 263 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 463 $30,255,000 $65,346 $16 7.39%
    Home Purchase 88 $28,890,000 $328,295 $7,962 6.37%
    Refi 72 $6,250,000 $86,806 $843 7.41%
    Cash Out Refi 21 $5,285,000 $251,667 $7,308 6.23%

    For 2024, Westmark Credit Union's most frequently cited loan purpose was Home Improvement, with 463 originations. The 2nd most popular reason was Home Purchase, with 88 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 490 $35,190,000 $71,816 $674 7.34%
    30 Year 78 $29,550,000 $378,846 $8,513 6.32%
    10 Year 39 $2,935,000 $75,256 $258 7.69%
    5 Year 17 $545,000 $32,059 $0 7.27%
    Other 14 $990,000 $70,714 $0 6.94%
    20 Year 6 $1,470,000 $245,000 $7,878 6.27%

    For 2024, Westmark Credit Union's most frequently cited loan duration was 15 Year, with 490 originations. The 2nd most popular length was 30 Year, with 78 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 171 $13,505,000 $78,977
    $5k+ 40 $20,290,000 $507,250
    $4k-5k 13 $4,085,000 $314,231
    $2k-3k 11 $2,555,000 $232,273
    $3k-4k 11 $2,675,000 $243,182
    $1k-2k 10 $1,320,000 $132,000

    Westmark Credit Union's average total fees were $8,513, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 171 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 372 $38,890,000 $104,543
    Over 8% 150 $12,180,000 $81,200
    5-6% 103 $16,865,000 $163,738
    7-8% 17 $2,355,000 $138,529
    3-4% 1 $175,000 $175,000
    4-5% 1 $215,000 $215,000

    During 2024, Westmark Credit Union's average interest rate for loans was 6.32%, while their most frequently originated rate bucket for loans was 6-7%, with 372 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 493 $26,265,000 $53,276 $141 7.22%
    $200k-400k 67 $18,635,000 $278,134 $6,087 6.69%
    $100k-200k 55 $7,365,000 $133,909 $1,846 8.30%
    $400k-600k 15 $7,025,000 $468,333 $10,295 6.25%
    $600k-1MM 11 $7,905,000 $718,636 $13,870 6.19%
    $1MM+ 3 $3,485,000 $1,161,667 $13,088 6.08%

    2024 saw Westmark Credit Union place emphasis on $100,000 or less loans with 493 originations, totaling $26,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 189 $19,425,000 $102,778 $2,573 7.30%
    $150k-250k 124 $17,390,000 $140,242 $4,299 7.32%
    $75k-100k 122 $10,600,000 $86,885 $2,095 7.17%
    $50k-75k 106 $7,860,000 $74,151 $1,723 7.02%
    $50k or less 53 $2,425,000 $45,755 $667 6.97%
    $250k+ 50 $12,980,000 $259,600 $7,451 7.42%

    Westmark Credit Union lent most frequently to those with incomes in the $100k-150k range, with 189 originations. The second most popular income band? $150k-250k, with 124 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 166 $12,700,000 $76,506 $1,532 7.30%
    30-36% 124 $12,940,000 $104,355 $2,608 7.23%
    <20% 85 $9,555,000 $112,412 $2,943 7.07%
    42% 43 $3,515,000 $81,744 $0 7.22%
    43% 32 $3,390,000 $105,938 $3,759 7.31%
    40% 27 $4,555,000 $168,704 $4,181 7.35%
    41% 27 $2,205,000 $81,667 $1,549 7.47%
    36% 23 $4,545,000 $197,609 $5,143 7.14%
    39% 22 $3,260,000 $148,182 $5,477 7.34%
    38% 21 $1,395,000 $66,429 $507 7.12%
    37% 18 $2,270,000 $126,111 $3,115 7.00%
    44% 13 $2,505,000 $192,692 $6,213 7.01%
    50-60% 10 $1,500,000 $150,000 $4,285 7.21%
    45% 10 $2,690,000 $269,000 $5,510 7.12%
    >60% 6 $850,000 $141,667 $3,428 7.49%
    46% 5 $1,245,000 $249,000 $8,509 5.89%
    48% 4 $460,000 $115,000 $3,943 6.67%
    47% 4 $490,000 $122,500 $5,817 7.50%
    49% 4 $610,000 $152,500 $6,084 6.78%

    Westmark Credit Union lent most frequently to those with DTI ratios of 20-30%, with 166 originations. The next most common DTI ratio? 30-36%, with 124 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 614 $65,580,000 $106,808 $2,851 7.22%
    Not provided 19 $3,785,000 $199,211 $4,074 7.11%
    Asian 4 $540,000 $135,000 $3,155 7.20%
    American Indian 4 $490,000 $122,500 $3,582 7.27%
    Native Hawaiian or Islander 1 $135,000 $135,000 $0 5.70%
    Other Pacific Islander 1 $75,000 $75,000 $0 6.99%
    Black 1 $75,000 $75,000 $0 8.74%

    Approval Rates

    Total approvals of all applications
    73.63%

    Westmark Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    68.63%

    Westmark Credit Union 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 644 $70,680,000 $109,752

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    644 $70,680,000 $109,752

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 103 $10,445,000 $101,408 $1,391 7.69%
    40-60% 27 $6,365,000 $235,741 $4,433 6.77%
    60-80% 28 $10,100,000 $360,714 $6,983 6.26%
    80-100% 41 $19,075,000 $465,244 $10,058 6.32%
    Over 100% 1 $395,000 $395,000 $0 6.13%
    Under 20% 444 $24,300,000 $54,730 $147 7.28%