The Bank Of Commerce Mortgage Rates, Fees & InfoAmmon, ID
Tax ID: 82-0237616
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewThe 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 a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Idaho Falls, Rexburg, Blackfoot, Pocatello, and Jackson among others. We have data for 16 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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Origination Dollar Volume (All Markets)$61,615,000
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)||81||$28,335,000||$349,815||$0||0.00%|
|Outside of Metro Areas||30||$9,110,000||$303,667||$0||0.00%|
|Rexburg, ID (FHA|USDA|VA)||19||$7,745,000||$407,632||$0||0.00%|
|Blackfoot, ID (FHA|USDA|VA)||23||$5,055,000||$219,783||$0||0.00%|
|POCATELLO, ID (FHA|USDA|VA)||10||$2,650,000||$265,000||$0||0.00%|
|Jackson, WY-ID (FHA|USDA|VA)||5||$2,005,000||$401,000||$0||0.00%|
|BOISE CITY, ID (FHA|USDA|VA)||2||$1,440,000||$720,000||$0||0.00%|
|LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA)||2||$1,430,000||$715,000||$0||0.00%|
|PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)||1||$1,075,000||$1,075,000||$0||0.00%|
|LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA)||2||$660,000||$330,000||$0||0.00%|
|ST. GEORGE, UT (FHA|USDA|VA)||1||$535,000||$535,000||$0||0.00%|
|LOGAN, UT-ID (FHA|USDA|VA)||1||$465,000||$465,000||$0||0.00%|
|TWIN FALLS, ID (FHA|USDA|VA)||1||$335,000||$335,000||$0||0.00%|
|Butte-Silver Bow, MT (FHA|USDA|VA)||1||$305,000||$305,000||$0||0.00%|
|Cedar City, UT (FHA|USDA|VA)||1||$285,000||$285,000||$0||0.00%|
|Burley, ID (FHA|USDA|VA)||1||$185,000||$185,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, The Bank Of Commerce's most frequently originated type of loan was Conventional, with 168 originations. Their 2nd most popular type was FHA, with 9 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||36||$8,290,000||$230,278||$0||0.00%|
For 2022, The Bank Of Commerce's most frequently cited loan purpose was Home Purchase, with 122 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, The Bank Of Commerce's most frequently cited loan duration was Other, with 181 originations.
2022 saw The Bank Of Commerce place emphasis on $200k-400k loans with 91 originations, totaling $25,365,000 in origination value.
The Bank Of Commerce lent most frequently to those with incomes in the $50k-75k range, with 39 originations. The second most popular income band? $100k-150k, with 27 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
The Bank Of Commerce lent most frequently to those with DTI ratios of Exempt%, with 181 originations.
Approval RatesTotal approvals of all applications
The Bank Of Commerce has an average approval rate.
Pick RateApprovals leading to origination
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|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|TD BANK US HOLDING COMPANY||Conventional home mortgage||Applying for a mortgage or refinancing an existing mortgage||1||50.0%|
|TD BANK US HOLDING COMPANY||Conventional home mortgage||Closing on a mortgage||1||50.0%|