East Idaho Credit Union Mortgage Rates, Fees & Info

Idaho Falls, ID

LEI: 549300VEMK0LXVCRZM49

Tax ID: 82-0219844

4.2 stars - out of 5 stars, based on 16 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    East Idaho Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. East Idaho Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Idaho Falls, Boise City, Rexburg, Blackfoot, and Pocatello among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    East Idaho Credit Union 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. East Idaho Credit Union 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 6.58% 1/29/23
    30 Year Conventional Refi 6.30% 1/29/23
    30 Year Cash-out Refi 6.79% 1/29/23
    30 Year FHA Purchase 6.27% 1/29/23
    30 Year VA Purchase 6.08% 1/29/23
    30 Year USDA Purchase 5.82% 1/29/23
    15 Year Conventional Purchase 6.51% 1/29/23
    15 Year Conventional Refi 6.32% 1/29/23
    15 Year Cash-out Refi 6.32% 1/29/23
    15 Year USDA Purchase 5.68% 1/29/23
    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.


    Originations

    250

    Origination Dollar Volume (All Markets)

    $55,620,000

    Relative Rate

    East Idaho Credit Union's average 30 year fixed mortgage rate was 3.11%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.04%.

    Relative Fees (Closing Costs)

    East Idaho Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $5,699.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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) 129 $25,165,000 $195,078 $4,196 3.03%
    BOISE CITY, ID (FHA|USDA|VA) 10 $8,020,000 $802,000 $8,811 3.70%
    Outside of Metro Areas 41 $7,155,000 $174,512 $4,294 2.90%
    Rexburg, ID (FHA|USDA|VA) 23 $4,985,000 $216,739 $2,642 3.37%
    Blackfoot, ID (FHA|USDA|VA) 17 $2,885,000 $169,706 $4,129 3.01%
    POCATELLO, ID (FHA|USDA|VA) 17 $2,675,000 $157,353 $2,395 3.08%
    Elko, NV (FHA|USDA|VA) 2 $2,010,000 $1,005,000 $0 4.70%
    TWIN FALLS, ID (FHA|USDA|VA) 4 $880,000 $220,000 $4,132 3.00%
    ST. GEORGE, UT (FHA|USDA|VA) 1 $775,000 $775,000 $0 3.00%
    Jackson, WY-ID (FHA|USDA|VA) 2 $520,000 $260,000 $6,001 2.38%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $225,000 $225,000 $4,515 3.38%
    GREELEY, CO (FHA|USDA|VA) 1 $135,000 $135,000 $3,577 3.25%
    VISALIA, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 2.88%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $85,000 $85,000 $2,814 2.75%
    East Idaho Credit Union's top markets include Idaho Falls, Boise City, Rexburg, Blackfoot, and Pocatello among others.

    Their top states include:
  • Idaho (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against EAST IDAHO Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    BEEHIVE
    Similarity Rank: 144
    WESTMARK Credit Union
    Similarity Rank: 765
    EAST IDAHO Credit Union
    Similarity Rank: 854
    Bank of Idaho
    Similarity Rank: 1040
    IDAHO STATE UNIVERSITY
    Similarity Rank: 1092
    D. L. Evans Bank
    Similarity Rank: 1140
    MOUNTAIN AMERICA
    Similarity Rank: 2266
    Zions Bancorporation, N.A.
    Similarity Rank: 2325
    Glacier Bank
    Similarity Rank: 3924
    BETTER MORTGAGE CORPORATION
    Similarity Rank: 4210

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 244 $53,930,000 $221,025 $3,925 3.09%
    VA 5 $1,375,000 $275,000 $10,366 2.48%
    USDA 1 $315,000 $315,000 $6,962 2.25%

    For 2021, East Idaho Credit Union's most frequently originated type of loan was Conventional, with 244 originations. Their 2nd most popular type was VA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 128 $24,850,000 $194,141 $4,450 3.08%
    Refi 71 $12,815,000 $180,493 $2,643 3.04%
    Home Purchase 51 $17,955,000 $352,059 $5,365 3.12%

    For 2021, East Idaho Credit Union's most frequently cited loan purpose was Cash Out Refi, with 128 originations. The 2nd most popular reason was Refi, with 71 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 111 $25,755,000 $232,027 $5,699 3.11%
    15 Year 86 $12,580,000 $146,279 $2,203 2.94%
    10 Year 28 $11,140,000 $397,857 $1,551 3.40%
    20 Year 23 $4,785,000 $208,043 $5,241 2.86%
    5 Year 1 $235,000 $235,000 $0 5.00%
    Other 1 $1,125,000 $1,125,000 $0 4.75%

    For 2021, East Idaho Credit Union's most frequently cited loan duration was 30 Year, with 111 originations. The 2nd most popular length was 15 Year, with 86 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 82 $10,420,000 $127,073
    $2k-3k 48 $7,970,000 $166,042
    $1k-2k 35 $5,305,000 $151,571
    $3k-4k 21 $5,005,000 $238,333
    $4k-5k 16 $5,000,000 $312,500
    $5k+ 14 $5,640,000 $402,857

    East Idaho Credit Union's average total fees were $5,699, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 82 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 101 $17,765,000 $175,891
    3-4% 88 $15,410,000 $175,114
    <2.5% 38 $8,130,000 $213,947
    4-5% 22 $14,180,000 $644,545
    5-6% 1 $135,000 $135,000

    During 2021, East Idaho Credit Union's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 2.5-3%, with 101 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 102 $14,580,000 $142,941 $3,234 3.04%
    $200k-400k 80 $22,100,000 $276,250 $6,217 3.07%
    $100,000 or less 52 $3,710,000 $71,346 $1,698 2.95%
    $400k-600k 6 $2,890,000 $481,667 $9,712 3.22%
    $600k-1MM 6 $4,870,000 $811,667 $12,786 3.93%
    $1MM+ 4 $7,470,000 $1,867,500 $0 4.36%

    2021 saw East Idaho Credit Union place emphasis on $100k-200k loans with 102 originations, totaling $14,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 67 $8,545,000 $127,537 $3,114 3.06%
    $50k-75k 66 $10,890,000 $165,000 $3,895 3.07%
    $75k-100k 47 $9,145,000 $194,574 $3,947 2.95%
    $100k-150k 42 $11,310,000 $269,286 $5,562 3.01%
    $150k-250k 14 $3,460,000 $247,143 $5,464 2.75%
    $250k+ 5 $1,365,000 $273,000 $6,760 3.84%

    East Idaho Credit Union lent most frequently to those with incomes in the $50k or less range, with 67 originations. The second most popular income band? $50k-75k, with 66 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 58 $10,170,000 $175,345 $3,903 3.08%
    30-36% 48 $8,810,000 $183,542 $3,987 2.99%
    <20% 28 $4,200,000 $150,000 $3,070 2.85%
    42% 14 $2,740,000 $195,714 $3,794 3.26%
    37% 13 $2,985,000 $229,615 $6,014 3.05%
    40% 12 $2,110,000 $175,833 $4,215 2.93%
    43% 12 $2,500,000 $208,333 $4,474 2.84%
    44% 8 $1,520,000 $190,000 $3,741 3.12%
    39% 8 $1,400,000 $175,000 $4,380 2.68%
    36% 7 $1,525,000 $217,857 $5,632 2.93%
    38% 6 $1,350,000 $225,000 $5,116 2.92%
    46% 6 $1,440,000 $240,000 $5,708 3.22%
    41% 5 $1,125,000 $225,000 $4,543 3.35%
    47% 5 $1,005,000 $201,000 $4,546 2.80%
    48% 4 $450,000 $112,500 $1,081 3.11%
    45% 3 $525,000 $175,000 $2,144 3.52%
    49% 1 $265,000 $265,000 $2,664 2.75%
    50-60% 1 $235,000 $235,000 $0 3.63%

    East Idaho Credit Union lent most frequently to those with DTI ratios of 20-30%, with 58 originations. The next most common DTI ratio? 30-36%, with 48 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 226 $50,060,000 $221,504 $4,016 3.10%
    Not provided 16 $3,330,000 $208,125 $4,638 2.83%
    Native Hawaiian or Islander 2 $930,000 $465,000 $8,386 2.69%
    Asian 4 $720,000 $180,000 $3,610 2.66%
    American Indian 2 $580,000 $290,000 $6,074 3.25%

    Approval Rates

    Total approvals of all applications
    82.64%

    East Idaho Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    52.00%

    East Idaho Credit Union 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 250 $55,620,000 $222,480

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    250 $55,620,000 $222,480

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 38 $5,020,000 $132,105 $2,033 2.84%
    40-60% 74 $12,790,000 $172,838 $3,670 3.02%
    60-80% 106 $29,410,000 $277,453 $4,589 3.22%
    80-100% 30 $7,910,000 $263,667 $5,521 2.97%
    Over 100% 1 $375,000 $375,000 $11,846 2.75%
    Under 20% 1 $115,000 $115,000 $0 4.05%