The Bank Of Commerce Mortgage Rates, Fees & Info
Ammon, IDLEI: 549300ZYK1Z0EK2JC967
Tax ID: 82-0237616
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Mortgage Data
Review & Overview
The Bank Of Commerce is a smaller bank specializing in Home Purchase loans. The Bank Of Commerce has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Idaho Falls, Boise City, Jackson, Rexburg, and Pocatello among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)The Bank Of Commerce has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
80Origination Dollar Volume (All Markets)
$45,870,000Top 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) | 26 | $11,360,000 | $436,923 | $0 | 0.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $10,320,000 | $5,160,000 | $0 | 0.00% |
| Jackson, WY-ID (FHA|USDA|VA) | 7 | $7,045,000 | $1,006,429 | $0 | 0.00% |
| Rexburg, ID (FHA|USDA|VA) | 6 | $3,900,000 | $650,000 | $0 | 0.00% |
| POCATELLO, ID (FHA|USDA|VA) | 9 | $3,635,000 | $403,889 | $0 | 0.00% |
| Blackfoot, ID (FHA|USDA|VA) | 11 | $3,595,000 | $326,818 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $3,315,000 | $255,000 | $0 | 0.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| Heber, UT (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Burley, ID (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 67 | $41,665,000 | $621,866 | $0 | 0.00% |
| FHA | 11 | $3,395,000 | $308,636 | $0 | 0.00% |
| VA | 2 | $810,000 | $405,000 | $0 | 0.00% |
For 2023, The Bank Of Commerce's most frequently originated type of loan was Conventional, with 67 originations. Their 2nd most popular type was FHA, with 11 originations.
Loan Reason
For 2023, The Bank Of Commerce's most frequently cited loan purpose was Home Purchase, with 55 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 80 | $45,870,000 | $573,375 | $0 | 0.00% |
For 2023, The Bank Of Commerce's most frequently cited loan duration was Other, with 80 originations.
Loan Sizing
2023 saw The Bank Of Commerce place emphasis on $200k-400k loans with 37 originations, totaling $11,075,000 in origination value.
Applicant Income
The Bank Of Commerce lent most frequently to those with incomes in the $250k+ range, with 19 originations. The second most popular income band? $100k-150k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 80 | $45,870,000 | $573,375 | $0 | 0.00% |
The Bank Of Commerce lent most frequently to those with DTI ratios of Exempt%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.60%
The Bank Of Commerce has an average approval rate.
Pick Rate
Approvals leading to origination31.25%
The Bank Of Commerce 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 |
|---|---|---|---|
| Exempt | 80 | $45,870,000 | $573,375 |