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 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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Originations
181Origination Dollar Volume (All Markets)
$61,615,000Top 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) | 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% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 168 | $58,290,000 | $346,964 | $0 | 0.00% |
| FHA | 9 | $2,205,000 | $245,000 | $0 | 0.00% |
| VA | 4 | $1,120,000 | $280,000 | $0 | 0.00% |
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
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 Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 181 | $61,615,000 | $340,414 | $0 | 0.00% |
For 2022, The Bank Of Commerce's most frequently cited loan duration was Other, with 181 originations.
Loan Sizing
2022 saw The Bank Of Commerce place emphasis on $200k-400k loans with 91 originations, totaling $25,365,000 in origination value.
Applicant Income
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 |
|---|---|---|---|---|---|
| Exempt% | 181 | $61,615,000 | $340,414 | $0 | 0.00% |
The Bank Of Commerce lent most frequently to those with DTI ratios of Exempt%, with 181 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.78%
The Bank Of Commerce has an average approval rate.
Pick Rate
Approvals leading to origination61.33%
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 | 181 | $61,615,000 | $340,414 |
Complaints
| 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% |