Idaho State University Mortgage Rates, Fees & Info
Pocatello, IDLEI: 549300MPGZVO0YIGL418
Tax ID: 82-0230779
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Mortgage Data
Review & Overview
Idaho State University is a smaller mortgage company specializing in Cash Out Refi loans. Idaho State University 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: Pocatello, Idaho Falls, Blackfoot, Boise City, and Burley among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Idaho State University 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. Idaho State University 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 | 6.83% | 4/28/24 |
| 30 Year Conventional Refi | 6.87% | 4/28/24 |
| 30 Year Cash-out Refi | 6.88% | 4/28/24 |
| 15 Year Conventional Purchase | 6.29% | 4/28/24 |
| 15 Year Conventional Refi | 6.35% | 4/28/24 |
| 15 Year Cash-out Refi | 6.35% | 4/28/24 |
| 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. | ||
Idaho State University Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
192Origination Dollar Volume (All Markets)
$31,460,000Top 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) | 89 | $12,525,000 | $140,730 | $3,144 | 3.74% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 59 | $10,365,000 | $175,678 | $3,515 | 3.59% |
| Blackfoot, ID (FHA|USDA|VA) | 20 | $3,250,000 | $162,500 | $2,886 | 3.52% |
| BOISE CITY, ID (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $3,470 | 3.53% |
| Burley, ID (FHA|USDA|VA) | 8 | $1,220,000 | $152,500 | $1,849 | 3.63% |
| Outside of Metro Areas | 4 | $780,000 | $195,000 | $2,558 | 3.66% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $13,494 | 4.00% |
| Rexburg, ID (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,996 | 3.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,879 | 3.50% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,149 | 4.88% |
| Hailey, ID (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,346 | 4.38% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,164 | 3.88% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,250 | 4.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against IDAHO STATE UNIVERSITY 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 190 | $31,040,000 | $163,368 | $3,297 | 3.66% |
| FHA | 1 | $215,000 | $215,000 | $0 | 4.25% |
| VA | 1 | $205,000 | $205,000 | $0 | 4.13% |
For 2019, Idaho State University's most frequently originated type of loan was Conventional, with 190 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2019, Idaho State University's most frequently cited loan purpose was Cash Out Refi, with 122 originations. The 2nd most popular reason was Refi, with 40 originations.
Loan Duration/Length
For 2019, Idaho State University's most frequently cited loan duration was Other, with 97 originations. The 2nd most popular length was 30 Year, with 63 originations.
Origination Fees/Closing Costs
Idaho State University's average total fees were $5,096, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 27 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 154 | $25,340,000 | $164,545 |
| 4-5% | 31 | $5,275,000 | $170,161 |
| 5-6% | 4 | $470,000 | $117,500 |
| 2.5-3% | 2 | $180,000 | $90,000 |
| 6-7% | 1 | $195,000 | $195,000 |
During 2019, Idaho State University's average interest rate for loans was 4.20%, while their most frequently originated rate bucket for loans was 3-4%, with 154 originations.
Loan Sizing
2019 saw Idaho State University place emphasis on $100k-200k loans with 90 originations, totaling $13,060,000 in origination value.
Applicant Income
Idaho State University lent most frequently to those with incomes in the $50k or less range, with 48 originations. The second most popular income band? $75k-100k, with 47 originations.
Applicant Debt to Income Ratio
Idaho State University lent most frequently to those with DTI ratios of 20-30%, with 47 originations. The next most common DTI ratio? 30-36%, with 32 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 144 | $23,470,000 | $162,986 | $3,249 | 3.71% |
| Not provided | 48 | $7,990,000 | $166,458 | $3,441 | 3.54% |
Approval Rates
Total approvals of all applications84.71%
Idaho State University has a below average approval rate.
Pick Rate
Approvals leading to origination77.08%
Idaho State University has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 192 | $31,460,000 | $163,854 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 7 | $775,000 | $110,714 |
| Single Family (1-4 Units):Site-Built | 185 | $30,685,000 | $165,865 |