Mountain Home Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mountain Home averaged
6.62%
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
6.75% and
one month ago for the week of 2024-10-03, the
average rate was 5.95%.
Mountain Home's average rate one year ago was 7.59%.
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% |
| Mountain Home 30 Year Fixed Rate | 2024-11-07 | 6.62% |
| Mountain Home 30 Year Fixed Rate Refi | 2024-11-07 | 7.29% |
| Mountain Home 15 Year Fixed Rate | 2024-11-07 | 6% |
| Mountain Home 15 Year Fixed Rate Refi | 2024-11-07 | 6% |
| Mountain Home 30 Year FHA | 2024-11-07 | 5.9% |
| Mountain Home 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Mountain Home 30 Year USDA | 2024-11-07 | 6.58% |
| Mountain Home 30 Year USDA Refi | 2024-11-07 | 6.28% |
| Mountain Home 30 Year VA | 2024-11-07 | 6.03% |
| Mountain Home 30 Year VA Refi | 2024-11-07 | 6.44% |
Mountain Home 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 Mountain Home, 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.).
Mountain Home Average Closing Costs & Other Stats
Mountain Home, ID's 40 lenders originated 682
loans during 2023. The total origination value was $168,330,000, with an average loan value of
$246,818.
Mountain Home's average closing costs are $6,578.
The top Mountain Home lender as defined by loan originations is PIONEER, with
19 loans originated. Their average total fees are
$5,161, which is $1,663
lower than the next largest lender,
IDAHO CENTRAL.
The lowest fee Mountain Home lenders (with over 10 loans originated) are
PIONEER ($5,161), MOVEMENT MORTGAGE, LLC ($6,729), IDAHO CENTRAL ($6,824), PREMIER MORTGAGE RESOURCES, L.L.C. ($7,768) and .
The lowest rate Mountain Home lenders (with over 10 loans originated) are
PIONEER (5.60%), MOVEMENT MORTGAGE, LLC (6.37%), PREMIER MORTGAGE RESOURCES, L.L.C. (6.40%), IDAHO CENTRAL (6.73%) and .
Mountain Home, 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 |
|---|---|---|---|---|
| Mortgage Research Center, LLC | $24,715,000 | $19,630,000 | -20.6% | 11.7% |
| MOVEMENT MORTGAGE, LLC | $22,085,000 | $16,925,000 | -23.4% | 10.1% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $14,255,000 | $12,755,000 | -10.5% | 7.6% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $840,000 | $9,960,000 | 1,085.7% | 5.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $11,085,000 | $8,790,000 | -20.7% | 5.2% |
| IDAHO CENTRAL | $12,125,000 | $8,065,000 | -33.5% | 4.8% |
| QUICKEN LOANS, LLC | $15,510,000 | $7,445,000 | -52.0% | 4.4% |
| PIONEER | $10,075,000 | $7,220,000 | -28.3% | 4.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,805,000 | $6,090,000 | 117.1% | 3.6% |
| COLUMBIA COMMUNITY CREDIT UNION | $4,970,000 | n/a | 3.0% | |
| LOANDEPOT.COM, LLC | $5,865,000 | $3,870,000 | -34.0% | 2.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $13,065,000 | $3,495,000 | -73.2% | 2.1% |
| GUILD MORTGAGE COMPANY | $4,590,000 | $3,285,000 | -28.4% | 2.0% |
| ACADEMY MORTGAGE CORPORATION | $2,665,000 | $3,070,000 | 15.2% | 1.8% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $3,300,000 | $2,350,000 | -28.8% | 1.4% |
| ORIX REAL ESTATE CAPITAL, LLC | $1,895,000 | n/a | 1.1% | |
| Flagstar Bank, FSB | $6,095,000 | $1,820,000 | -70.1% | 1.1% |
| USAA Federal Savings Bank | $3,145,000 | $1,805,000 | -42.6% | 1.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,725,000 | $1,680,000 | -2.6% | 1.0% |
| Sunflower Bank | $1,680,000 | n/a | 1.0% | |
| First Federal Savings Bank of Twin Falls | $1,900,000 | $1,665,000 | -12.4% | 1.0% |
| FREEDOM MORTGAGE CORPORATION | $5,940,000 | $1,315,000 | -77.9% | 0.8% |
| First Interstate Bank | $8,080,000 | $1,300,000 | -83.9% | 0.8% |
| NEWREZ LLC | $1,275,000 | n/a | 0.8% | |
| NAVY FEDERAL CREDIT UNION | $2,295,000 | $1,230,000 | -46.4% | 0.7% |
| SUMMIT FUNDING, INC. | $1,345,000 | $1,210,000 | -10.0% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $610,000 | $1,155,000 | 89.3% | 0.7% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $645,000 | $1,155,000 | 79.1% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $2,655,000 | $1,025,000 | -61.4% | 0.6% |
| Wells Fargo Bank | $1,675,000 | $995,000 | -40.6% | 0.6% |
| Willamette Valley Bank | $1,810,000 | $955,000 | -47.2% | 0.6% |
| AMCAP MORTGAGE, LTD. | $1,155,000 | $915,000 | -20.8% | 0.5% |
| PENTAGON FEDERAL CREDIT UNION | $980,000 | $910,000 | -7.1% | 0.5% |
| FIRST COLONY MORTGAGE CORPORATION | $385,000 | $890,000 | 131.2% | 0.5% |
| Zions Bank | $645,000 | $855,000 | 32.6% | 0.5% |
| CHURCHILL MORTGAGE CORPORATION | $735,000 | $820,000 | 11.6% | 0.5% |
| NBKC BANK | $395,000 | $810,000 | 105.1% | 0.5% |
| VILLAGE CAPITAL MORTGAGE | $345,000 | $740,000 | 114.5% | 0.4% |
| SECURITYNATIONAL MORTGAGE COMPANY | $725,000 | n/a | 0.4% | |
| GUARANTEED RATE, INC. | $1,355,000 | $700,000 | -48.3% | 0.4% |
| Waterstone Mortgage Corporation | $1,745,000 | $660,000 | -62.2% | 0.4% |
| AXIA FINANCIAL, LLC | $335,000 | $645,000 | 92.5% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $1,205,000 | $630,000 | -47.7% | 0.4% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $955,000 | $615,000 | -35.6% | 0.4% |
| JPMorgan Chase Bank | $1,390,000 | $610,000 | -56.1% | 0.4% |
| KeyBank | $540,000 | $610,000 | 13.0% | 0.4% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,565,000 | $510,000 | -67.4% | 0.3% |
| AMERICA FIRST | $285,000 | $485,000 | 70.2% | 0.3% |
| LOANPAL, LLC | $405,000 | $480,000 | 18.5% | 0.3% |
| MOUNTAIN AMERICA | $2,900,000 | $475,000 | -83.6% | 0.3% |
| M&T Bank | $185,000 | $470,000 | 154.1% | 0.3% |
| BAY EQUITY LLC | $640,000 | $465,000 | -27.3% | 0.3% |
| NEW DAY FINANCIAL, LLC | $695,000 | $465,000 | -33.1% | 0.3% |
| Century Mortgage Company DBA Century Lending Company | $425,000 | n/a | 0.3% | |
| FINANCE OF AMERICA REVERSE LLC | $620,000 | $425,000 | -31.5% | 0.3% |
| Umpqua Bank | $670,000 | $425,000 | -36.6% | 0.3% |
| The Central Trust Bank | $415,000 | n/a | 0.2% | |
| S1L, Inc. | $2,495,000 | $405,000 | -83.8% | 0.2% |
| BROKER SOLUTIONS, INC. | $825,000 | $390,000 | -52.7% | 0.2% |
| Ixonia Bank | $385,000 | n/a | 0.2% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $385,000 | n/a | 0.2% | |
| Washington Trust Bank | $180,000 | $385,000 | 113.9% | 0.2% |
| INTERCAP LENDING INC. | $375,000 | n/a | 0.2% | |
| BNC National Bank | $375,000 | $365,000 | -2.7% | 0.2% |
| MY MOVE MORTGAGE, LLC | $365,000 | n/a | 0.2% | |
| CALIBER HOME LOANS, INC. | $20,620,000 | $355,000 | -98.3% | 0.2% |
| GUARANTEED RATE AFFINITY, LLC | $355,000 | n/a | 0.2% | |
| Bank of England | $345,000 | n/a | 0.2% | |
| Discover Bank | $85,000 | $310,000 | 264.7% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $305,000 | n/a | 0.2% | |
| Plains Commerce Bank | $305,000 | n/a | 0.2% | |
| SIRVA MORTGAGE, INC. | $305,000 | $305,000 | 0.0% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $290,000 | n/a | 0.2% | |
| Ally Bank | $285,000 | n/a | 0.2% | |
| American Mortgage & Equity Consultants, Inc. | $285,000 | n/a | 0.2% | |
| Boeing Employees Credit Union | $275,000 | n/a | 0.2% | |
| VERITAS FUNDING, LLC | $540,000 | $265,000 | -50.9% | 0.2% |
| CALCON MUTUAL MORTGAGE LLC | $255,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $360,000 | $255,000 | -29.2% | 0.2% |
| CHERRY CREEK MORTGAGE, LLC | $255,000 | n/a | 0.2% | |
| Cornerstone First Mortgage, Inc | $255,000 | n/a | 0.2% | |
| AUGUSTA FINANCIAL, INC. | $235,000 | n/a | 0.1% | |
| Franklin Loan Corporation | $225,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $215,000 | n/a | 0.1% | |
| Sierra Pacific Mortgage Company, Inc. | $215,000 | n/a | 0.1% | |
| HORIZON | $235,000 | $210,000 | -10.6% | 0.1% |
| Commerce Home Mortgage, Inc. | $205,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,080,000 | $205,000 | -81.0% | 0.1% |
| LENDSURE MORTGAGE CORP. | $175,000 | $205,000 | 17.1% | 0.1% |
| Gateway First Bank | $405,000 | $185,000 | -54.3% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $185,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $945,000 | $175,000 | -81.5% | 0.1% |
| UNION HOME MORTGAGE CORP. | $255,000 | $165,000 | -35.3% | 0.1% |
| Bank of America | $140,000 | $155,000 | 10.7% | 0.1% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $155,000 | n/a | 0.1% | |
| U.S. Bank | $3,505,000 | $155,000 | -95.6% | 0.1% |
| CAPITAL EDUCATORS FEDERAL CREDIT UNION | $105,000 | $150,000 | 42.9% | 0.1% |
| PHH Mortgage Corporation | $145,000 | n/a | 0.1% | |
| PNC Bank | $105,000 | $125,000 | 19.0% | 0.1% |
| 21ST MORTGAGE CORPORATION | $145,000 | $120,000 | -17.2% | 0.1% |
| FARMERS BANK | $105,000 | $110,000 | 4.8% | 0.1% |
| CONNECTIONS | $75,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $75,000 | n/a | 0.0% | |
| WESTMARK Credit Union | $55,000 | n/a | 0.0% | |
| Service Federal Credit Union | $45,000 | n/a | 0.0% | |
| D. L. Evans Bank | $1,800,000 | $35,000 | -98.1% | 0.0% |
| EAST IDAHO Credit Union | $25,000 | n/a | 0.0% | |
| Figure Lending LLC | $25,000 | n/a | 0.0% | |
| Washington Federal Bank | $690,000 | $25,000 | -96.4% | 0.0% |
Mountain Home's top lender by overall market share is Mortgage Research Center, LLC, with 11.7% market share. In second place, with 10.1%, is MOVEMENT MORTGAGE, LLC, having originated $16,925,000 in loans. In third place, with 7.6%, is PREMIER MORTGAGE RESOURCES, L.L.C., having originated $12,755,000 in loans. In fourth place, with 5.9%, is AMERICAN PACIFIC MORTGAGE CORPORATION, having originated $9,960,000 in loans. In fifth place, with 5.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $8,790,000 in loans.
Mountain Home, ID Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 413 | $124,785,000 | $302,143 |
| Cash Out Refi | 134 | $28,490,000 | $212,612 |
| Home Improvement | 68 | $6,190,000 | $91,029 |
| Other | 45 | $3,035,000 | $67,444 |
| Refi | 22 | $5,830,000 | $265,000 |
Mountain Home's most frequently cited loan purpose was Home Purchase, with 413 originations. The 2nd most popular reason was Cash Out Refi, with 134 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 246 | $71,610,000 | $291,098 |
| 5-6% | 154 | $47,430,000 | $307,987 |
| Over 8% | 152 | $11,850,000 | $77,961 |
| 7-8% | 104 | $27,710,000 | $266,442 |
| 4-5% | 15 | $4,685,000 | $312,333 |
| 3-4% | 7 | $2,015,000 | $287,857 |
| 2.5-3% | 2 | $730,000 | $365,000 |
| <2.5% | 2 | $2,300,000 | $1,150,000 |
During 2023, Mountain Home's most frequently originated rate bucket was 6-7%, with 246 originations.
Loan Sizing (Mountain Home, ID MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 366 | $111,310,000 | $304,126 |
| $100,000 or less | 151 | $6,615,000 | $43,808 |
| $100k-200k | 101 | $14,855,000 | $147,079 |
| $400k-600k | 59 | $26,845,000 | $455,000 |
| $600k-1000k | 3 | $2,155,000 | $718,333 |
| $Over $1MM | 2 | $6,550,000 | $3,275,000 |
Mountain Home's loan sizing saw the bucket of loans from $200k-400k with 366 originations, totaling $111,310,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 276 | $91,360,000 | $331,014 |
| Under 20% | 124 | $4,850,000 | $39,113 |
| 60-80% | 101 | $29,865,000 | $295,693 |
| Over 100% | 67 | $25,065,000 | $374,104 |
| 20-40% | 58 | $6,560,000 | $113,103 |
| 40-60% | 54 | $9,870,000 | $182,778 |
Mountain Home's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 276 originations, totaling $91,360,000 in origination value.