Blackfoot Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Blackfoot averaged
6.14%
for the week of 2024-10-24, compared to the national average of
6.54% for the same period.
The average rate for the prior week (2024-10-17) was
5.94% and
one month ago for the week of 2024-09-19, the
average rate was 5.59%.
Blackfoot's average rate one year ago was 7.33%.
For refis of the same type during the week of 2024-10-24, the average rate
was 6.74%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-24 | 6.54% |
Blackfoot 30 Year Fixed Rate | 2024-10-24 | 6.14% |
Blackfoot 30 Year Fixed Rate Refi | 2024-10-24 | 6.74% |
Blackfoot 15 Year Fixed Rate | 2024-10-24 | 5.81% |
Blackfoot 15 Year Fixed Rate Refi | 2024-10-24 | 5.81% |
Blackfoot 30 Year FHA | 2024-10-24 | 5.93% |
Blackfoot 30 Year FHA Refi | 2024-10-24 | 6.35% |
Blackfoot 30 Year USDA | 2024-10-24 | 6.29% |
Blackfoot 30 Year USDA Refi | 2024-10-24 | 6.19% |
Blackfoot 30 Year VA | 2024-10-24 | 5.94% |
Blackfoot 30 Year VA Refi | 2024-10-24 | 6.34% |
Blackfoot Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Blackfoot, ID market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Blackfoot Average Closing Costs & Other Stats
Blackfoot, ID's 58 lenders originated 950
loans during 2023. The total origination value was $210,630,000, with an average loan value of
$221,716.
Blackfoot's average closing costs are $6,394.
The top Blackfoot lender as defined by loan originations is IDAHO CENTRAL, with
59 loans originated. Their average total fees are
$7,470, which is $759
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Blackfoot lenders (with over 10 loans originated) are
Eagle Bank and Trust Company ($6,591), Glacier Bank ($6,828), IDAHO CENTRAL ($7,470), AMERICAN PACIFIC MORTGAGE CORPORATION ($7,853) and QUICKEN LOANS, LLC ($8,230).
The lowest rate Blackfoot lenders (with over 10 loans originated) are
Eagle Bank and Trust Company (6.40%), Glacier Bank (6.49%), QUICKEN LOANS, LLC (6.49%), IDAHO CENTRAL (6.52%) and CANOPY MORTGAGE, LLC (6.52%).
Blackfoot, ID Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
IDAHO CENTRAL | $70,310,000 | $37,230,000 | -47.0% | 17.7% |
CANOPY MORTGAGE, LLC | $19,335,000 | $11,765,000 | -39.2% | 5.6% |
QUICKEN LOANS, LLC | $20,585,000 | $11,610,000 | -43.6% | 5.5% |
Eagle Bank and Trust Company | $11,500,000 | $11,395,000 | -0.9% | 5.4% |
UNITED WHOLESALE MORTGAGE, LLC | $6,895,000 | $10,150,000 | 47.2% | 4.8% |
Glacier Bank | $10,440,000 | $7,535,000 | -27.8% | 3.6% |
MOUNTAIN AMERICA | $13,425,000 | $7,380,000 | -45.0% | 3.5% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $4,960,000 | $7,355,000 | 48.3% | 3.5% |
Zions Bank | $10,490,000 | $5,920,000 | -43.6% | 2.8% |
MANN FINANCIAL INC. | $6,470,000 | $5,885,000 | -9.0% | 2.8% |
WESTMARK Credit Union | $6,735,000 | $5,260,000 | -21.9% | 2.5% |
FIRST COLONY MORTGAGE CORPORATION | $3,745,000 | $4,880,000 | 30.3% | 2.3% |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $5,025,000 | $3,820,000 | -24.0% | 1.8% |
The Bank of Commerce | $5,055,000 | $3,595,000 | -28.9% | 1.7% |
ACADEMY MORTGAGE CORPORATION | $1,830,000 | $3,555,000 | 94.3% | 1.7% |
EAST IDAHO Credit Union | $3,250,000 | $3,435,000 | 5.7% | 1.6% |
PREMIER MORTGAGE RESOURCES, L.L.C. | $1,745,000 | $3,400,000 | 94.8% | 1.6% |
VAN DYK MORTGAGE CORPORATION | $8,690,000 | $3,025,000 | -65.2% | 1.4% |
U.S. Bank | $6,815,000 | $2,845,000 | -58.3% | 1.4% |
BELEM SERVICING LLC | $2,725,000 | n/a | 1.3% | |
GUILD MORTGAGE COMPANY | $2,890,000 | $2,685,000 | -7.1% | 1.3% |
BEEHIVE | $1,370,000 | $2,645,000 | 93.1% | 1.3% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,015,000 | $2,455,000 | 21.8% | 1.2% |
KeyBank | $6,675,000 | $2,440,000 | -63.4% | 1.2% |
Gateway First Bank | $2,540,000 | $2,015,000 | -20.7% | 1.0% |
Flagstar Bank, FSB | $5,305,000 | $1,875,000 | -64.7% | 0.9% |
LOANDEPOT.COM, LLC | $5,250,000 | $1,735,000 | -67.0% | 0.8% |
PENNYMAC LOAN SERVICES, LLC | $2,555,000 | $1,685,000 | -34.1% | 0.8% |
D. L. Evans Bank | $2,650,000 | $1,635,000 | -38.3% | 0.8% |
SUMMIT FUNDING, INC. | $670,000 | $1,620,000 | 141.8% | 0.8% |
FREEDOM MORTGAGE CORPORATION | $1,600,000 | $1,460,000 | -8.8% | 0.7% |
CMG MORTGAGE, INC. | $325,000 | $1,405,000 | 332.3% | 0.7% |
Mortgage Research Center, LLC | $2,025,000 | $1,315,000 | -35.1% | 0.6% |
ADVANTAGE PLUS | $1,120,000 | $1,300,000 | 16.1% | 0.6% |
VERITAS FUNDING, LLC | $895,000 | $1,265,000 | 41.3% | 0.6% |
CALCON MUTUAL MORTGAGE LLC | $1,260,000 | n/a | 0.6% | |
CONNECTIONS | $4,480,000 | $1,260,000 | -71.9% | 0.6% |
S1L, Inc. | $2,725,000 | $1,215,000 | -55.4% | 0.6% |
AMERISAVE MORTGAGE CORPORATION | $1,390,000 | $1,075,000 | -22.7% | 0.5% |
AMERICA FIRST | $605,000 | $1,070,000 | 76.9% | 0.5% |
NAVY FEDERAL CREDIT UNION | $1,010,000 | n/a | 0.5% | |
CHURCHILL MORTGAGE CORPORATION | $165,000 | $1,005,000 | 509.1% | 0.5% |
NBKC BANK | $175,000 | $975,000 | 457.1% | 0.5% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $935,000 | n/a | 0.4% | |
Paramount Residential Mortgage Group, Inc. | $225,000 | $935,000 | 315.6% | 0.4% |
The Federal Savings Bank | $745,000 | $895,000 | 20.1% | 0.4% |
Citibank | $885,000 | n/a | 0.4% | |
Greenbox Loans, Inc. | $885,000 | n/a | 0.4% | |
MOVEMENT MORTGAGE, LLC | $1,410,000 | $855,000 | -39.4% | 0.4% |
Discover Bank | $370,000 | $775,000 | 109.5% | 0.4% |
GENEVA FINANCIAL, LLC | $515,000 | $770,000 | 49.5% | 0.4% |
AMERICAN FINANCING CORPORATION | $2,870,000 | $740,000 | -74.2% | 0.4% |
MUTUAL OF OMAHA MORTGAGE, INC. | $535,000 | $655,000 | 22.4% | 0.3% |
CARDINAL FINANCIAL | $165,000 | $640,000 | 287.9% | 0.3% |
PLANET HOME LENDING, LLC | $425,000 | $615,000 | 44.7% | 0.3% |
Rails West Federal Credit Union | $965,000 | $525,000 | -45.6% | 0.2% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $515,000 | n/a | 0.2% | |
LOANPAL, LLC | $1,255,000 | $510,000 | -59.4% | 0.2% |
IDAHO STATE UNIVERSITY | $2,500,000 | $505,000 | -79.8% | 0.2% |
GUARANTEED RATE, INC. | $780,000 | $485,000 | -37.8% | 0.2% |
BROKER SOLUTIONS, INC. | $2,050,000 | $475,000 | -76.8% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $850,000 | $455,000 | -46.5% | 0.2% |
21ST MORTGAGE CORPORATION | $525,000 | $440,000 | -16.2% | 0.2% |
Utah Power | $420,000 | n/a | 0.2% | |
MORTGAGEONE, INC. | $405,000 | n/a | 0.2% | |
Magnolia Bank | $380,000 | n/a | 0.2% | |
SUN WEST MORTGAGE COMPANY, INC. | $125,000 | $365,000 | 192.0% | 0.2% |
Citadel Servicing Corporation | $360,000 | n/a | 0.2% | |
Mr. Cooper ( Nationstar Mortgage ) | $2,465,000 | $360,000 | -85.4% | 0.2% |
CROSSCOUNTRY MORTGAGE, LLC | $355,000 | n/a | 0.2% | |
PHH Mortgage Corporation | $155,000 | $345,000 | 122.6% | 0.2% |
NEWREZ LLC | $970,000 | $320,000 | -67.0% | 0.2% |
Bank of Idaho | $2,660,000 | $315,000 | -88.2% | 0.1% |
LENDINGONE, LLC | $295,000 | n/a | 0.1% | |
Wells Fargo Bank | $1,465,000 | $290,000 | -80.2% | 0.1% |
CLEARPATH LENDING | $255,000 | n/a | 0.1% | |
Deseret First Credit Union | $230,000 | $245,000 | 6.5% | 0.1% |
Figure Lending LLC | $70,000 | $245,000 | 250.0% | 0.1% |
INTERCAP LENDING INC. | $1,030,000 | $235,000 | -77.2% | 0.1% |
NATIONS RELIABLE LENDING, LLC | $235,000 | n/a | 0.1% | |
PREMIA MORTGAGE, LLC | $225,000 | n/a | 0.1% | |
LONGBRIDGE FINANCIAL, LLC | $340,000 | $215,000 | -36.8% | 0.1% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $645,000 | $215,000 | -66.7% | 0.1% |
SOUTHWEST STAGE FUNDING, LLC | $205,000 | n/a | 0.1% | |
AMERICAN HERITAGE LENDING, INC. | $185,000 | n/a | 0.1% | |
Century Mortgage Company DBA Century Lending Company | $175,000 | n/a | 0.1% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $175,000 | n/a | 0.1% | |
TOP FLITE FINANCIAL, INC. | $75,000 | $165,000 | 120.0% | 0.1% |
PLAZA HOME MORTGAGE, INC. | $155,000 | n/a | 0.1% | |
RANLIFE, INC. | $465,000 | $135,000 | -71.0% | 0.1% |
Carrington Mortgage Services, LLC | $1,165,000 | $115,000 | -90.1% | 0.1% |
LADERA LENDING, INC. | $215,000 | $115,000 | -46.5% | 0.1% |
Coastal Community Bank | $105,000 | n/a | 0.0% | |
PNC Bank | $145,000 | $105,000 | -27.6% | 0.0% |
Deere Employees Credit Union | $75,000 | n/a | 0.0% | |
FINANCE OF AMERICA REVERSE LLC | $250,000 | $75,000 | -70.0% | 0.0% |
AMERICAN UNITED FAMILY OF CREDIT UN | $65,000 | n/a | 0.0% | |
TRIAD FINANCIAL SERVICES, INC. | $35,000 | n/a | 0.0% |
Blackfoot's top lender by overall market share is IDAHO CENTRAL, with 17.7% market share. In second place, with 5.6%, is CANOPY MORTGAGE, LLC, having originated $11,765,000 in loans. In third place, with 5.5%, is QUICKEN LOANS, LLC, having originated $11,610,000 in loans. In fourth place, with 5.4%, is Eagle Bank and Trust Company, having originated $11,395,000 in loans. In fifth place, with 4.8%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $10,150,000 in loans.
Blackfoot, ID Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 477 | $140,845,000 | $295,273 |
Cash Out Refi | 168 | $31,190,000 | $185,655 |
Home Improvement | 149 | $11,345,000 | $76,141 |
Refi | 83 | $19,385,000 | $233,554 |
Other | 73 | $7,865,000 | $107,740 |
Blackfoot's most frequently cited loan purpose was Home Purchase, with 477 originations. The 2nd most popular reason was Cash Out Refi, with 168 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 319 | $87,375,000 | $273,903 |
Over 8% | 243 | $23,635,000 | $97,263 |
5-6% | 184 | $49,870,000 | $271,033 |
7-8% | 177 | $40,825,000 | $230,650 |
4-5% | 13 | $3,305,000 | $254,231 |
3-4% | 2 | $1,570,000 | $785,000 |
<2.5% | 1 | $455,000 | $455,000 |
During 2023, Blackfoot's most frequently originated rate bucket was 6-7%, with 319 originations.
Loan Sizing (Blackfoot, ID MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 354 | $100,500,000 | $283,898 |
$100,000 or less | 258 | $12,300,000 | $47,674 |
$100k-200k | 214 | $31,710,000 | $148,178 |
$400k-600k | 93 | $43,145,000 | $463,925 |
$600k-1000k | 29 | $20,595,000 | $710,172 |
$Over $1MM | 2 | $2,380,000 | $1,190,000 |
Blackfoot's loan sizing saw the bucket of loans from $200k-400k with 354 originations, totaling $100,500,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 306 | $97,980,000 | $320,196 |
Under 20% | 221 | $10,775,000 | $48,756 |
60-80% | 166 | $54,190,000 | $326,446 |
20-40% | 126 | $15,710,000 | $124,683 |
40-60% | 106 | $23,260,000 | $219,434 |
Over 100% | 14 | $5,120,000 | $365,714 |
Blackfoot's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 306 originations, totaling $97,980,000 in origination value.