Advantage Plus Mortgage Rates, Fees & Info
Pocatello, IDLEI: 549300EWGL0JGA62YY67
Tax ID: 82-0214626
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Advantage Plus is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Advantage Plus 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: Pocatello, Logan, Rexburg, Blackfoot, and Idaho Falls among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Advantage Plus 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. Advantage Plus is typically a low 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.52% | 11/17/24 |
| 30 Year Conventional Refi | 6.54% | 11/17/24 |
| 30 Year Cash-out Refi | 6.69% | 11/17/24 |
| 30 Year FHA Purchase | 7.28% | 11/17/24 |
| 30 Year USDA Purchase | 6.83% | 11/17/24 |
| 15 Year Conventional Purchase | 7.12% | 11/17/24 |
| 15 Year Conventional Refi | 6.61% | 11/17/24 |
| 15 Year Cash-out Refi | 6.61% | 11/17/24 |
| 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. | ||
Advantage Plus Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Advantage Plus. 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
315Origination Dollar Volume (All Markets)
$47,895,000Awards
ADVANTAGE PLUS - 2019
ADVANTAGE PLUS is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
Work for ADVANTAGE PLUS?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| POCATELLO, ID (FHA|USDA|VA) | 142 | $19,680,000 | $138,592 | $3,913 | 4.30% |
| Outside of Metro Areas | 104 | $14,960,000 | $143,846 | $4,042 | 4.12% |
| LOGAN, UT-ID (FHA|USDA|VA) | 26 | $4,680,000 | $180,000 | $5,073 | 3.91% |
| Rexburg, ID (FHA|USDA|VA) | 8 | $1,980,000 | $247,500 | $5,886 | 4.08% |
| Blackfoot, ID (FHA|USDA|VA) | 14 | $1,660,000 | $118,571 | $4,568 | 3.74% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 7 | $1,235,000 | $176,429 | $4,809 | 3.32% |
| BOISE CITY, ID (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $5,541 | 3.88% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $5,509 | 3.88% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,395 | 2.88% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $6,940 | 4.38% |
| Hailey, ID (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,617 | 3.75% |
| Burley, ID (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,639 | 4.25% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,339 | 3.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,859 | 3.50% |
| Fernley, NV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,898 | 3.63% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,645 | 3.88% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,784 | 5.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against ADVANTAGE PLUS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 224
Similarity Rank: 238
Similarity Rank: 312
Similarity Rank: 525
Similarity Rank: 580
Similarity Rank: 592
Similarity Rank: 682
Similarity Rank: 854
Similarity Rank: 1080
Similarity Rank: 1241
Product Mix
For 2019, Advantage Plus's most frequently originated type of loan was Conventional, with 278 originations. Their 2nd most popular type was FHA, with 21 originations.
Loan Reason
For 2019, Advantage Plus's most frequently cited loan purpose was Home Purchase, with 218 originations. The 2nd most popular reason was Cash Out Refi, with 59 originations.
Loan Duration/Length
For 2019, Advantage Plus's most frequently cited loan duration was 30 Year, with 246 originations. The 2nd most popular length was 15 Year, with 34 originations.
Origination Fees/Closing Costs
Advantage Plus's average total fees were $4,332, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 135 originations.
Interest Rates
During 2019, Advantage Plus's average interest rate for loans was 4.28%, while their most frequently originated rate bucket for loans was 3-4%, with 144 originations.
Loan Sizing
2019 saw Advantage Plus place emphasis on $100k-200k loans with 137 originations, totaling $19,555,000 in origination value.
Applicant Income
Advantage Plus lent most frequently to those with incomes in the $50k-75k range, with 86 originations. The second most popular income band? $50k or less, with 80 originations.
Applicant Debt to Income Ratio
Advantage Plus lent most frequently to those with DTI ratios of 20-30%, with 87 originations. The next most common DTI ratio? 30-36%, with 61 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.83%
Advantage Plus has an average approval rate.
Pick Rate
Approvals leading to origination86.35%
Advantage Plus has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 315 | $47,895,000 | $152,048 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 15 | $2,105,000 | $140,333 |
| Single Family (1-4 Units):Site-Built | 300 | $45,790,000 | $152,633 |