Burley Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Burley averaged
6.34%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.37% and
one month ago for the week of 2024-10-03, the
average rate was 5.97%.
Burley's average rate one year ago was 7.61%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.29%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Burley 30 Year Fixed Rate | 2024-11-07 | 6.34% |
| Burley 30 Year Fixed Rate Refi | 2024-11-07 | 7.29% |
| Burley 15 Year Fixed Rate | 2024-11-07 | 6.1% |
| Burley 15 Year Fixed Rate Refi | 2024-11-07 | 5.9% |
| Burley 30 Year FHA | 2024-11-07 | 5.88% |
| Burley 30 Year FHA Refi | 2024-11-07 | 6.33% |
| Burley 30 Year USDA | 2024-11-07 | 6.28% |
| Burley 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Burley 30 Year VA | 2024-11-07 | 6.14% |
| Burley 30 Year VA Refi | 2024-11-07 | 6.14% |
Burley 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 Burley, 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.).
Burley Average Closing Costs & Other Stats
Burley, ID's 49 lenders originated 991
loans during 2023. The total origination value was $187,405,000, with an average loan value of
$189,107.
Burley's average closing costs are $6,245.
The top Burley lender as defined by loan originations is IDAHO CENTRAL, with
61 loans originated. Their average total fees are
$7,375, which is $1,289
higher than the next largest lender,
First Federal Savings Bank of Twin Falls.
The lowest fee Burley lenders (with over 10 loans originated) are
D. L. Evans Bank ($4,551), NFM, INC. ($5,945), First Federal Savings Bank of Twin Falls ($6,086), AXIA FINANCIAL, LLC ($7,098) and QUICKEN LOANS, LLC ($7,232).
The lowest rate Burley lenders (with over 10 loans originated) are
IDAHO CENTRAL (6.45%), UNITED WHOLESALE MORTGAGE, LLC (6.59%), D. L. Evans Bank (6.59%), NFM, INC. (6.61%) and AXIA FINANCIAL, LLC (6.70%).
Burley, 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 | $49,120,000 | $37,905,000 | -22.8% | 20.2% |
| First Federal Savings Bank of Twin Falls | $48,325,000 | $31,000,000 | -35.9% | 16.5% |
| D. L. Evans Bank | $28,770,000 | $13,095,000 | -54.5% | 7.0% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $11,005,000 | $9,960,000 | -9.5% | 5.3% |
| QUICKEN LOANS, LLC | $13,190,000 | $9,050,000 | -31.4% | 4.8% |
| CORNERSTONE HOME LENDING, INC. | $8,695,000 | $8,860,000 | 1.9% | 4.7% |
| AXIA FINANCIAL, LLC | $9,705,000 | $7,365,000 | -24.1% | 3.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $6,630,000 | $6,070,000 | -8.4% | 3.2% |
| NFM, INC. | $1,895,000 | $5,790,000 | 205.5% | 3.1% |
| VAN DYK MORTGAGE CORPORATION | $13,395,000 | $4,445,000 | -66.8% | 2.4% |
| MOVEMENT MORTGAGE, LLC | $1,730,000 | $3,770,000 | 117.9% | 2.0% |
| CONNECTIONS | $5,715,000 | $2,800,000 | -51.0% | 1.5% |
| MOUNTAIN AMERICA | $3,310,000 | $2,295,000 | -30.7% | 1.2% |
| FIRST COLONY MORTGAGE CORPORATION | $530,000 | $2,200,000 | 315.1% | 1.2% |
| ACADEMY MORTGAGE CORPORATION | $2,385,000 | $2,080,000 | -12.8% | 1.1% |
| GREYSTONE SERVICING COMPANY LLC | $1,925,000 | n/a | 1.0% | |
| GUILD MORTGAGE COMPANY | $5,100,000 | $1,760,000 | -65.5% | 0.9% |
| CMG MORTGAGE, INC. | $1,625,000 | n/a | 0.9% | |
| INTERCAP LENDING INC. | $720,000 | $1,440,000 | 100.0% | 0.8% |
| Zions Bank | $5,235,000 | $1,430,000 | -72.7% | 0.8% |
| Mortgage Research Center, LLC | $1,950,000 | $1,240,000 | -36.4% | 0.7% |
| Flagstar Bank, FSB | $1,405,000 | $1,230,000 | -12.5% | 0.7% |
| LOANDEPOT.COM, LLC | $3,105,000 | $1,060,000 | -65.9% | 0.6% |
| U.S. Bank | $3,785,000 | $1,000,000 | -73.6% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $995,000 | $990,000 | -0.5% | 0.5% |
| BMO Harris Bank | $975,000 | n/a | 0.5% | |
| VILLAGE CAPITAL MORTGAGE | $305,000 | $950,000 | 211.5% | 0.5% |
| The Huntington National Bank | $840,000 | n/a | 0.4% | |
| GUARANTEED RATE, INC. | $830,000 | n/a | 0.4% | |
| PENNYMAC LOAN SERVICES, LLC | $1,830,000 | $740,000 | -59.6% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $2,150,000 | $725,000 | -66.3% | 0.4% |
| EAST IDAHO Credit Union | $720,000 | n/a | 0.4% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,490,000 | $705,000 | -71.7% | 0.4% |
| AMCAP MORTGAGE, LTD. | $690,000 | n/a | 0.4% | |
| LAKEVIEW LOAN SERVICING, LLC | $595,000 | $665,000 | 11.8% | 0.4% |
| Northpointe Bank | $660,000 | n/a | 0.4% | |
| USAA Federal Savings Bank | $850,000 | $650,000 | -23.5% | 0.3% |
| Wells Fargo Bank | $845,000 | $650,000 | -23.1% | 0.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $125,000 | $615,000 | 392.0% | 0.3% |
| EMBRACE HOME LOANS, INC. | $590,000 | n/a | 0.3% | |
| American Mortgage & Equity Consultants, Inc. | $585,000 | n/a | 0.3% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $585,000 | n/a | 0.3% | |
| AMERICA FIRST | $485,000 | $575,000 | 18.6% | 0.3% |
| Banner Bank | $530,000 | n/a | 0.3% | |
| NAVY FEDERAL CREDIT UNION | $995,000 | $490,000 | -50.8% | 0.3% |
| CANOPY MORTGAGE, LLC | $2,915,000 | $485,000 | -83.4% | 0.3% |
| BROKER SOLUTIONS, INC. | $645,000 | $480,000 | -25.6% | 0.3% |
| Northwest Farm Credit Services, FLCA | $710,000 | $450,000 | -36.6% | 0.2% |
| Eagle Bank and Trust Company | $380,000 | $445,000 | 17.1% | 0.2% |
| CARDINAL FINANCIAL | $435,000 | $430,000 | -1.1% | 0.2% |
| GOLDENWEST | $925,000 | $415,000 | -55.1% | 0.2% |
| The Bank of Commerce | $185,000 | $415,000 | 124.3% | 0.2% |
| CALCON MUTUAL MORTGAGE LLC | $400,000 | n/a | 0.2% | |
| FINANCE OF AMERICA REVERSE LLC | $580,000 | $395,000 | -31.9% | 0.2% |
| SIRVA MORTGAGE, INC. | $395,000 | n/a | 0.2% | |
| Discover Bank | $280,000 | $390,000 | 39.3% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $215,000 | $385,000 | 79.1% | 0.2% |
| Umpqua Bank | $105,000 | $360,000 | 242.9% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $345,000 | n/a | 0.2% | |
| Deere Employees Credit Union | $345,000 | n/a | 0.2% | |
| Truist | $345,000 | n/a | 0.2% | |
| TOP FLITE FINANCIAL, INC. | $340,000 | n/a | 0.2% | |
| JPMorgan Chase Bank | $2,175,000 | $335,000 | -84.6% | 0.2% |
| Bank of Idaho | $530,000 | $305,000 | -42.5% | 0.2% |
| SUMMIT FUNDING, INC. | $185,000 | $305,000 | 64.9% | 0.2% |
| Washington Trust Bank | $305,000 | n/a | 0.2% | |
| NUMERICA CREDIT UNION | $205,000 | $285,000 | 39.0% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,075,000 | $275,000 | -74.4% | 0.1% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $915,000 | $265,000 | -71.0% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $810,000 | $265,000 | -67.3% | 0.1% |
| MEMBERS FIRST CREDIT UNION | $255,000 | n/a | 0.1% | |
| NMSI, INC. | $255,000 | n/a | 0.1% | |
| PIONEER | $675,000 | $250,000 | -63.0% | 0.1% |
| The Federal Savings Bank | $470,000 | $245,000 | -47.9% | 0.1% |
| Carrington Mortgage Services, LLC | $390,000 | $235,000 | -39.7% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $1,155,000 | $225,000 | -80.5% | 0.1% |
| KeyBank | $3,235,000 | $225,000 | -93.0% | 0.1% |
| NEW DAY FINANCIAL, LLC | $355,000 | $215,000 | -39.4% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $510,000 | $185,000 | -63.7% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,660,000 | $170,000 | -89.8% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $165,000 | $155,000 | -6.1% | 0.1% |
| NEWREZ LLC | $505,000 | $155,000 | -69.3% | 0.1% |
| BNC National Bank | $125,000 | n/a | 0.1% | |
| WESTMARK Credit Union | $100,000 | $120,000 | 20.0% | 0.1% |
| PNC Bank | $105,000 | n/a | 0.1% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $645,000 | $105,000 | -83.7% | 0.1% |
| PHH Mortgage Corporation | $1,395,000 | $95,000 | -93.2% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $85,000 | n/a | 0.0% | |
| Figure Lending LLC | $70,000 | $70,000 | 0.0% | 0.0% |
| FARMERS BANK | $75,000 | $55,000 | -26.7% | 0.0% |
| GTE Federal Credit Union | $475,000 | $55,000 | -88.4% | 0.0% |
| HORIZON | $55,000 | n/a | 0.0% | |
| Deseret First Credit Union | $560,000 | $35,000 | -93.8% | 0.0% |
Burley's top lender by overall market share is IDAHO CENTRAL, with 20.2% market share. In second place, with 16.5%, is First Federal Savings Bank of Twin Falls, having originated $31,000,000 in loans. In third place, with 7.0%, is D. L. Evans Bank, having originated $13,095,000 in loans. In fourth place, with 5.3%, is PREMIER MORTGAGE RESOURCES, L.L.C., having originated $9,960,000 in loans. In fifth place, with 4.8%, is QUICKEN LOANS, LLC, having originated $9,050,000 in loans.
Burley, ID Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 466 | $120,420,000 | $258,412 |
| Home Improvement | 185 | $18,185,000 | $98,297 |
| Cash Out Refi | 166 | $26,000,000 | $156,627 |
| Other | 110 | $9,480,000 | $86,182 |
| Refi | 64 | $13,320,000 | $208,125 |
Burley's most frequently cited loan purpose was Home Purchase, with 466 originations. The 2nd most popular reason was Home Improvement, with 185 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 356 | $32,510,000 | $91,320 |
| 6-7% | 303 | $74,905,000 | $247,211 |
| 7-8% | 161 | $34,145,000 | $212,081 |
| 5-6% | 160 | $41,560,000 | $259,750 |
| 4-5% | 9 | $1,945,000 | $216,111 |
During 2023, Burley's most frequently originated rate bucket was Over 8%, with 356 originations.
Loan Sizing (Burley, ID MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 359 | $102,465,000 | $285,418 |
| $100,000 or less | 353 | $16,625,000 | $47,096 |
| $100k-200k | 207 | $29,875,000 | $144,324 |
| $400k-600k | 57 | $26,365,000 | $462,544 |
| $600k-1000k | 14 | $10,150,000 | $725,000 |
| $Over $1MM | 1 | $1,925,000 | $1,925,000 |
Burley's loan sizing saw the bucket of loans from $200k-400k with 359 originations, totaling $102,465,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 303 | $92,745,000 | $306,089 |
| Under 20% | 249 | $10,165,000 | $40,823 |
| 20-40% | 175 | $19,135,000 | $109,343 |
| 60-80% | 157 | $43,045,000 | $274,172 |
| 40-60% | 93 | $17,455,000 | $187,688 |
| Over 100% | 12 | $4,140,000 | $345,000 |
Burley's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 303 originations, totaling $92,745,000 in origination value.