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 and Refi 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, Pocatello, Rexburg, Blackfoot, and Jackson among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)The Bank Of Commerce 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.
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Originations
90Origination Dollar Volume (All Markets)
$39,880,000Top 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) | 30 | $12,210,000 | $407,000 | $0 | 0.00% |
| POCATELLO, ID (FHA|USDA|VA) | 7 | $9,325,000 | $1,332,143 | $0 | 0.00% |
| Rexburg, ID (FHA|USDA|VA) | 9 | $4,595,000 | $510,556 | $0 | 0.00% |
| Blackfoot, ID (FHA|USDA|VA) | 15 | $4,445,000 | $296,333 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $4,365,000 | $291,000 | $0 | 0.00% |
| Jackson, WY-ID (FHA|USDA|VA) | 10 | $3,490,000 | $349,000 | $0 | 0.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Hailey, ID (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 78 | $36,180,000 | $463,846 | $0 | 0.00% |
| FHA | 10 | $2,880,000 | $288,000 | $0 | 0.00% |
| VA | 2 | $820,000 | $410,000 | $0 | 0.00% |
For 2024, The Bank Of Commerce's most frequently originated type of loan was Conventional, with 78 originations. Their 2nd most popular type was FHA, with 10 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 64 | $24,690,000 | $385,781 | $0 | 0.00% |
| Cash Out Refi | 14 | $3,390,000 | $242,143 | $0 | 0.00% |
| Refi | 12 | $11,800,000 | $983,333 | $0 | 0.00% |
For 2024, The Bank Of Commerce's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 90 | $39,880,000 | $443,111 | $0 | 0.00% |
For 2024, The Bank Of Commerce's most frequently cited loan duration was Other, with 90 originations.
Loan Sizing
2024 saw The Bank Of Commerce place emphasis on $200k-400k loans with 47 originations, totaling $13,285,000 in origination value.
Applicant Income
The Bank Of Commerce lent most frequently to those with incomes in the $150k-250k range, with 20 originations. The second most popular income band? $100k-150k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 90 | $39,880,000 | $443,111 | $0 | 0.00% |
The Bank Of Commerce lent most frequently to those with DTI ratios of Exempt%, with 90 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.02%
The Bank Of Commerce has an average approval rate.
Pick Rate
Approvals leading to origination77.78%
The Bank Of Commerce has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 90 | $39,880,000 | $443,111 |