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

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Idaho Falls, Boise City, Rexburg, Blackfoot, and Pocatello among others. East Idaho Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. East Idaho Credit Union is typically an average fee lendor.


Originations

250

Origination Dollar Volume (All Markets)

$55,620,000

Relative Rate

East Idaho Credit Union's average 30 year fixed rate mortgage of loans were 3.11%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.04%.

Relative Fees

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

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

Top Markets

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.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average 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 the 2021 period, East Idaho Credit Union's most frequently originated loan type of loans were Conventional, with 244 originations. Their 2nd most popular type is VA, with 5 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, East Idaho Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 128 originations. The 2nd most popular reason of loans were 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 the 2021, East Idaho Credit Union's most frequently cited loan length of loans were 30 Year, with 111 originations. The 2nd most popular length of loans were 15 Year, with 86 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 82 $10,420,000 $127,073
$2k-3k 48 $7,970,000 $166,042
$3k-4k 37 $10,005,000 $270,405
$1k-2k 35 $5,305,000 $151,571
$5k+ 14 $5,640,000 $402,857

$5,699 of loans were East Idaho Credit Union's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.11%, while their most frequently originated rate bucket of loans were 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 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
89.64%

East Idaho Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
66.50%

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%