Advantage Plus Mortgage Rates, Fees & Info
Pocatello, IDLEI: 549300EWGL0JGA62YY67
Tax ID: 82-0214626
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Mortgage Data
Review & Overview
Advantage Plus is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Advantage Plus 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: Pocatello, Logan, Blackfoot, Rexburg, and Idaho Falls among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)Advantage Plus has an above 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.52% | 4/22/24 |
| 30 Year Conventional Refi | 6.54% | 4/22/24 |
| 30 Year Cash-out Refi | 6.69% | 4/22/24 |
| 30 Year FHA Purchase | 7.28% | 4/22/24 |
| 30 Year USDA Purchase | 6.83% | 4/22/24 |
| 15 Year Conventional Purchase | 7.12% | 4/22/24 |
| 15 Year Conventional Refi | 6.61% | 4/22/24 |
| 15 Year Cash-out Refi | 6.61% | 4/22/24 |
| 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
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This is not an official calculator from Advantage Plus. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
522Origination Dollar Volume (All Markets)
$105,950,000Awards
ADVANTAGE PLUS - 2021
ADVANTAGE PLUS is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 226 | $40,740,000 | $180,265 | $4,645 | 3.34% |
| POCATELLO, ID (FHA|USDA|VA) | 187 | $38,815,000 | $207,567 | $5,014 | 2.93% |
| LOGAN, UT-ID (FHA|USDA|VA) | 36 | $6,910,000 | $191,944 | $4,901 | 3.12% |
| Blackfoot, ID (FHA|USDA|VA) | 17 | $3,415,000 | $200,882 | $4,803 | 3.04% |
| Rexburg, ID (FHA|USDA|VA) | 9 | $2,925,000 | $325,000 | $6,751 | 3.15% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 8 | $2,220,000 | $277,500 | $6,325 | 3.19% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $1,905,000 | $635,000 | $8,220 | 3.42% |
| ST. GEORGE, UT (FHA|USDA|VA) | 7 | $1,695,000 | $242,143 | $4,541 | 3.30% |
| BOISE CITY, ID (FHA|USDA|VA) | 5 | $1,395,000 | $279,000 | $5,365 | 2.57% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $5,864 | 2.43% |
| TWIN FALLS, ID (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $9,493 | 2.50% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $8,406 | 2.88% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $7,334 | 2.88% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $7,126 | 2.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,686 | 3.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,815 | 2.63% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,026 | 2.63% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,050 | 2.50% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,661 | 3.13% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,347 | 3.25% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,977 | 2.63% |
| Hailey, ID (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,443 | 3.44% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,801 | 3.56% |
| RENO, NV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,760 | 2.63% |
| Mountain Home, ID (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,507 | 2.63% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,549 | 2.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,801 | 2.38% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,060 | 3.00% |
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.
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Product Mix
For 2021, Advantage Plus's most frequently originated type of loan was Conventional, with 499 originations. Their 2nd most popular type was FHA, with 12 originations.
Loan Reason
For 2021, Advantage Plus's most frequently cited loan purpose was Home Purchase, with 229 originations. The 2nd most popular reason was Cash Out Refi, with 165 originations.
Loan Duration/Length
For 2021, Advantage Plus's most frequently cited loan duration was 30 Year, with 375 originations. The 2nd most popular length was 15 Year, with 96 originations.
Origination Fees/Closing Costs
Advantage Plus's average total fees were $4,804, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 213 originations.
Interest Rates
During 2021, Advantage Plus's average interest rate for loans was 3.28%, while their most frequently originated rate bucket for loans was 2.5-3%, with 183 originations.
Loan Sizing
2021 saw Advantage Plus place emphasis on $100k-200k loans with 211 originations, totaling $31,115,000 in origination value.
Applicant Income
Advantage Plus lent most frequently to those with incomes in the $50k-75k range, with 123 originations. The second most popular income band? $75k-100k, with 108 originations.
Applicant Debt to Income Ratio
Advantage Plus lent most frequently to those with DTI ratios of 20-30%, with 131 originations. The next most common DTI ratio? 30-36%, with 100 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.78%
Advantage Plus has an average approval rate.
Pick Rate
Approvals leading to origination81.03%
Advantage Plus has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 522 | $105,950,000 | $202,969 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Advantage Credit, Inc. | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |