East Idaho Credit Union Mortgage Rates, Fees & Info
Idaho Falls, IDLEI: 549300VEMK0LXVCRZM49
Tax ID: 82-0219844
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
250Origination Dollar Volume (All Markets)
$55,620,000Relative 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 applications89.64%
East Idaho Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination66.50%
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% |
