Idaho State University Mortgage Rates, Fees & Info

Pocatello, ID

LEI: 549300MPGZVO0YIGL418

Tax ID: 82-0230779

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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

    Idaho State University is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase 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: Idaho Falls, Pocatello, Blackfoot, Burley, and Boise City among others. We have data for 9 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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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






    Your Estimates

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

    This is not an official calculator from Idaho State University. 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

    88

    Origination Dollar Volume (All Markets)

    $18,760,000

    Awards

    IDAHO STATE UNIVERSITY 30 Year Conventional Loans gold IDAHO STATE UNIVERSITY 30 Year Conventional Loans bronze
    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
    IDAHO FALLS, ID (FHA|USDA|VA) 27 $6,635,000 $245,741 $6,751 4.60%
    POCATELLO, ID (FHA|USDA|VA) 33 $5,685,000 $172,273 $4,419 4.15%
    Blackfoot, ID (FHA|USDA|VA) 12 $2,500,000 $208,333 $6,054 4.47%
    Burley, ID (FHA|USDA|VA) 8 $1,300,000 $162,500 $4,773 4.31%
    BOISE CITY, ID (FHA|USDA|VA) 3 $765,000 $255,000 $7,883 4.33%
    Rexburg, ID (FHA|USDA|VA) 1 $525,000 $525,000 $9,611 4.38%
    Jackson, WY-ID (FHA|USDA|VA) 2 $520,000 $260,000 $8,458 4.06%
    Astoria, OR (FHA|USDA|VA) 1 $485,000 $485,000 $15,041 5.00%
    Outside of Metro Areas 1 $345,000 $345,000 $10,288 6.63%
    Idaho State University's top markets include Idaho Falls, Pocatello, Blackfoot, Burley, and Boise City among others.

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

    • 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.

    First Federal Savings Bank of Twin Falls
    Similarity Rank: 84
    BEEHIVE
    Similarity Rank: 182
    ADVANTAGE PLUS
    Similarity Rank: 221
    IDAHO STATE UNIVERSITY
    Similarity Rank: 549
    Bank of Idaho
    Similarity Rank: 968
    D. L. Evans Bank
    Similarity Rank: 1056
    WESTMARK Credit Union
    Similarity Rank: 1245
    Zions Bank
    Similarity Rank: 1424
    AXIA FINANCIAL, LLC
    Similarity Rank: 3724
    IDAHO CENTRAL
    Similarity Rank: 4050

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 87 $18,535,000 $213,046 $5,862 4.39%
    FHA 1 $225,000 $225,000 $0 0.00%

    For 2022, Idaho State University's most frequently originated type of loan was Conventional, with 87 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 37 $6,815,000 $184,189 $4,740 4.22%
    Refi 33 $7,035,000 $213,182 $6,692 4.46%
    Home Purchase 18 $4,910,000 $272,778 $6,697 4.64%

    For 2022, Idaho State University's most frequently cited loan purpose was Cash Out Refi, with 37 originations. The 2nd most popular reason was Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 52 $12,900,000 $248,077 $6,785 4.67%
    Other 14 $1,660,000 $118,571 $2,540 4.04%
    20 Year 9 $1,715,000 $190,556 $5,705 4.44%
    15 Year 8 $2,040,000 $255,000 $8,234 3.91%
    10 Year 5 $445,000 $89,000 $1,398 3.08%

    For 2022, Idaho State University's most frequently cited loan duration was 30 Year, with 52 originations. The 2nd most popular length was Other, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 20 $3,190,000 $159,500
    $2k-3k 18 $4,270,000 $237,222
    $3k-4k 8 $2,750,000 $343,750
    $4k-5k 4 $1,820,000 $455,000
    $<1k 3 $215,000 $71,667
    $5k+ 1 $505,000 $505,000

    Idaho State University's average total fees were $6,785, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 20 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 25 $5,525,000 $221,000
    4-5% 24 $6,230,000 $259,583
    5-6% 20 $3,940,000 $197,000
    2.5-3% 11 $1,225,000 $111,364
    6-7% 6 $1,560,000 $260,000
    <2.5% 1 $55,000 $55,000

    During 2022, Idaho State University's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 3-4%, with 25 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 36 $9,720,000 $270,000 $7,332 4.55%
    $100k-200k 34 $5,040,000 $148,235 $4,044 4.37%
    $100,000 or less 11 $745,000 $67,727 $2,448 3.69%
    $400k-600k 7 $3,255,000 $465,000 $12,712 4.79%

    2022 saw Idaho State University place emphasis on $200k-400k loans with 36 originations, totaling $9,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 30 $5,530,000 $184,333 $5,351 4.61%
    $50k or less 20 $3,100,000 $155,000 $4,983 4.44%
    $75k-100k 20 $4,970,000 $248,500 $6,632 3.97%
    $100k-150k 10 $3,170,000 $317,000 $7,255 5.09%
    $150k-250k 6 $1,410,000 $235,000 $5,543 3.73%
    $250k+ 2 $580,000 $290,000 $8,380 3.50%

    Idaho State University lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $50k or less, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 20 $4,370,000 $218,500 $5,701 4.54%
    20-30% 13 $2,315,000 $178,077 $4,083 4.12%
    <20% 9 $915,000 $101,667 $3,606 3.33%
    43% 6 $1,350,000 $225,000 $6,323 4.42%
    41% 5 $1,375,000 $275,000 $7,714 4.85%
    36% 5 $925,000 $185,000 $4,819 4.25%
    38% 5 $1,285,000 $257,000 $6,199 4.50%
    44% 5 $1,855,000 $371,000 $10,109 4.93%
    45% 4 $770,000 $192,500 $7,618 5.31%
    47% 3 $705,000 $235,000 $4,542 3.88%
    42% 3 $775,000 $258,333 $6,523 5.04%
    40% 2 $280,000 $140,000 $3,830 3.19%
    37% 2 $190,000 $95,000 $3,981 4.50%
    39% 2 $700,000 $350,000 $11,597 4.50%
    50-60% 1 $325,000 $325,000 $9,076 5.50%
    49% 1 $135,000 $135,000 $3,011 4.75%
    46% 1 $265,000 $265,000 $13,760 6.00%

    Idaho State University lent most frequently to those with DTI ratios of 30-36%, with 20 originations. The next most common DTI ratio? 20-30%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 61 $13,405,000 $219,754 $6,234 4.46%
    Not provided 25 $5,135,000 $205,400 $5,185 4.29%
    Black 1 $165,000 $165,000 $4,752 4.83%
    Asian 1 $55,000 $55,000 $1,639 2.50%

    Approval Rates

    Total approvals of all applications
    89.24%

    Idaho State University has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.05%

    Idaho State University 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 88 $18,760,000 $213,182

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    88 $18,760,000 $213,182

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $1,985,000 $116,765 $3,291 4.03%
    40-60% 25 $4,665,000 $186,600 $5,001 4.51%
    60-80% 30 $8,000,000 $266,667 $7,312 4.49%
    80-100% 11 $3,665,000 $333,182 $9,187 4.84%
    Under 20% 4 $220,000 $55,000 $2,166 3.25%