East Idaho Credit Union Mortgage Rates, Fees & Info
Idaho Falls, IDLEI: 549300VEMK0LXVCRZM49
Tax ID: 82-0219844
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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.
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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
250Origination Dollar Volume (All Markets)
$55,620,000Relative 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% |
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.
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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
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
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
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
2021 saw East Idaho Credit Union place emphasis on $100k-200k loans with 102 originations, totaling $14,580,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications82.64%
East Idaho Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination52.00%
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 |