Advantage Plus Mortgage Rates, Fees & Info

Pocatello, ID

LEI: 549300EWGL0JGA62YY67

Tax ID: 82-0214626

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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% 3/28/24
30 Year Conventional Refi 6.54% 3/28/24
30 Year Cash-out Refi 6.69% 3/28/24
30 Year FHA Purchase 7.28% 3/28/24
30 Year USDA Purchase 6.83% 3/28/24
15 Year Conventional Purchase 7.12% 3/28/24
15 Year Conventional Refi 6.61% 3/28/24
15 Year Cash-out Refi 6.61% 3/28/24
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

315

Origination Dollar Volume (All Markets)

$47,895,000

Awards

ADVANTAGE PLUS 30 Year Conventional Loans bronze ADVANTAGE PLUS USDA Loans gold
Show all (2) 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
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%
Advantage Plus's top markets include Pocatello, Logan, Rexburg, Blackfoot, and Idaho Falls among others.

Their top states include:
  • Idaho (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • 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.

    MY MOVE MORTGAGE, LLC
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    IDAHO STATE UNIVERSITY
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    WESTMARK Credit Union
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    D. L. Evans Bank
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    VERITAS FUNDING, LLC
    Similarity Rank: 1080
    ADVANTAGE PLUS
    Similarity Rank: 1241

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 278 $42,210,000 $151,835 $3,917 4.17%
    FHA 21 $3,445,000 $164,048 $6,988 4.03%
    USDA 14 $1,950,000 $139,286 $5,386 3.71%
    VA 2 $290,000 $145,000 $7,795 4.00%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 218 $32,610,000 $149,587 $4,413 4.17%
    Cash Out Refi 59 $9,625,000 $163,136 $3,904 4.20%
    Refi 38 $5,660,000 $148,947 $3,539 3.83%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 246 $39,410,000 $160,203 $4,332 4.28%
    15 Year 34 $4,180,000 $122,941 $3,384 3.88%
    10 Year 10 $170,000 $17,000 $1,004 4.80%
    20 Year 10 $1,740,000 $174,000 $3,739 4.04%
    Other 8 $40,000 $5,000 $77 0.00%
    30+ year 7 $2,355,000 $336,429 $10,299 3.61%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 135 $15,085,000 $111,741
    $2k-3k 69 $14,135,000 $204,855
    $<1k 65 $5,685,000 $87,462
    $3k-4k 24 $7,110,000 $296,250
    $5k+ 8 $3,120,000 $390,000
    $4k-5k 7 $2,565,000 $366,429

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 144 $25,500,000 $177,083
    4-5% 111 $15,945,000 $143,649
    5-6% 35 $3,755,000 $107,286
    2.5-3% 9 $1,925,000 $213,889
    <2.5% 7 $35,000 $5,000
    6-7% 4 $270,000 $67,500
    Over 8% 2 $150,000 $75,000
    7-8% 1 $145,000 $145,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 137 $19,555,000 $142,737 $4,242 4.09%
    $100,000 or less 98 $5,350,000 $54,592 $2,405 4.38%
    $200k-400k 71 $18,775,000 $264,437 $5,811 3.96%
    $400k-600k 8 $3,580,000 $447,500 $8,544 3.70%
    $600k-1MM 1 $635,000 $635,000 $16,922 3.38%

    2019 saw Advantage Plus place emphasis on $100k-200k loans with 137 originations, totaling $19,555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 86 $11,620,000 $135,116 $4,054 4.01%
    $50k or less 80 $8,640,000 $108,000 $3,491 4.12%
    $100k-150k 55 $9,965,000 $181,182 $4,607 4.32%
    $75k-100k 53 $7,295,000 $137,642 $4,221 4.06%
    $150k-250k 34 $8,830,000 $259,706 $5,443 4.23%
    $250k+ 7 $1,545,000 $220,714 $4,792 4.55%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 87 $14,185,000 $163,046 $4,321 4.02%
    30-36% 61 $8,995,000 $147,459 $3,993 4.24%
    <20% 28 $3,070,000 $109,643 $3,265 4.27%
    37% 19 $3,395,000 $178,684 $4,874 4.29%
    44% 16 $2,710,000 $169,375 $4,360 4.47%
    42% 15 $2,005,000 $133,667 $4,015 4.17%
    36% 13 $2,055,000 $158,077 $4,612 4.04%
    43% 12 $1,320,000 $110,000 $3,792 4.51%
    39% 9 $1,415,000 $157,222 $4,923 4.00%
    40% 9 $1,385,000 $153,889 $4,691 3.46%
    41% 9 $1,245,000 $138,333 $4,576 3.88%
    38% 8 $1,150,000 $143,750 $3,289 3.89%
    50-60% 7 $1,245,000 $177,857 $4,693 4.61%
    47% 6 $970,000 $161,667 $5,798 4.08%
    45% 6 $860,000 $143,333 $3,809 3.92%
    48% 4 $540,000 $135,000 $2,981 4.09%
    46% 3 $585,000 $195,000 $4,816 3.75%
    49% 3 $765,000 $255,000 $5,194 4.17%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 302 $44,550,000 $147,517 $4,193 4.15%
    Not provided 8 $1,930,000 $241,250 $4,648 3.80%
    American Indian 3 $975,000 $325,000 $3,667 4.33%
    Black 1 $295,000 $295,000 $6,937 3.38%
    Other Pacific Islander 1 $145,000 $145,000 $3,961 3.63%

    Approval Rates

    Total approvals of all applications
    89.83%

    Advantage Plus has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.35%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $495,000 $99,000 $2,854 4.38%
    40-60% 26 $2,730,000 $105,000 $3,313 3.95%
    60-80% 87 $14,435,000 $165,920 $4,209 4.12%
    80-100% 181 $29,995,000 $165,718 $4,546 4.30%
    Over 100% 1 $145,000 $145,000 $7,839 3.50%
    Under 20% 15 $95,000 $6,333 $378 2.42%