POCATELLO Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Pocatello averaged
6.42%
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
6.35% and
one month ago for the week of 2024-10-03, the
average rate was 6.15%.
Pocatello's average rate one year ago was 7.69%.
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% |
| Pocatello 30 Year Fixed Rate | 2024-11-07 | 6.42% |
| Pocatello 30 Year Fixed Rate Refi | 2024-11-07 | 7.29% |
| Pocatello 15 Year Fixed Rate | 2024-11-07 | 6% |
| Pocatello 15 Year Fixed Rate Refi | 2024-11-07 | 6.2% |
| Pocatello 30 Year FHA | 2024-11-07 | 6.33% |
| Pocatello 30 Year FHA Refi | 2024-11-07 | 6.43% |
| Pocatello 30 Year USDA | 2024-11-07 | 6.38% |
| Pocatello 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Pocatello 30 Year VA | 2024-11-07 | 6.15% |
| Pocatello 30 Year VA Refi | 2024-11-07 | 6.54% |
POCATELLO 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 POCATELLO, 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.).
POCATELLO Average Closing Costs & Other Stats
POCATELLO, ID's 90 lenders originated 2,055
loans during 2023. The total origination value was $450,395,000, with an average loan value of
$219,170.
POCATELLO's average closing costs are $5,970.
The top POCATELLO lender as defined by loan originations is IDAHO CENTRAL, with
160 loans originated. Their average total fees are
$7,201, which is $653
lower than the next largest lender,
FIRST COLONY MORTGAGE CORPORATION.
The lowest fee POCATELLO lenders (with over 10 loans originated) are
Wells Fargo Bank ($3,157), MOUNTAIN AMERICA ($5,599), ADVANTAGE PLUS ($6,061), AMERICAN PACIFIC MORTGAGE CORPORATION ($6,340) and D. L. Evans Bank ($6,656).
The lowest rate POCATELLO lenders (with over 10 loans originated) are
IDAHO CENTRAL (6.44%), PREMIER MORTGAGE RESOURCES, L.L.C. (6.44%), Glacier Bank (6.55%), AMERICAN PACIFIC MORTGAGE CORPORATION (6.59%) and UNITED WHOLESALE MORTGAGE, LLC (6.61%).
POCATELLO, 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 | $169,450,000 | $97,845,000 | -42.3% | 21.7% |
| Glacier Bank | $57,530,000 | $35,150,000 | -38.9% | 7.8% |
| FIRST COLONY MORTGAGE CORPORATION | $31,750,000 | $32,900,000 | 3.6% | 7.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $27,005,000 | $25,975,000 | -3.8% | 5.8% |
| QUICKEN LOANS, LLC | $30,880,000 | $21,270,000 | -31.1% | 4.7% |
| MOUNTAIN AMERICA | $23,170,000 | $19,870,000 | -14.2% | 4.4% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $21,855,000 | $19,595,000 | -10.3% | 4.4% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $10,950,000 | $15,075,000 | 37.7% | 3.3% |
| D. L. Evans Bank | $11,075,000 | $14,055,000 | 26.9% | 3.1% |
| VAN DYK MORTGAGE CORPORATION | $18,855,000 | $13,515,000 | -28.3% | 3.0% |
| SUMMIT FUNDING, INC. | $9,945,000 | $9,110,000 | -8.4% | 2.0% |
| ADVANTAGE PLUS | $14,485,000 | $8,785,000 | -39.4% | 2.0% |
| Zions Bank | $13,680,000 | $6,400,000 | -53.2% | 1.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $12,290,000 | $6,325,000 | -48.5% | 1.4% |
| Bank of Idaho | $10,705,000 | $6,300,000 | -41.1% | 1.4% |
| WESTMARK Credit Union | $9,585,000 | $5,865,000 | -38.8% | 1.3% |
| CONNECTIONS | $13,190,000 | $5,335,000 | -59.6% | 1.2% |
| Eagle Bank and Trust Company | $3,215,000 | $4,795,000 | 49.1% | 1.1% |
| Mortgage Research Center, LLC | $6,585,000 | $4,095,000 | -37.8% | 0.9% |
| The Bank of Commerce | $2,650,000 | $3,635,000 | 37.2% | 0.8% |
| ACADEMY MORTGAGE CORPORATION | $3,370,000 | $3,495,000 | 3.7% | 0.8% |
| U.S. Bank | $7,930,000 | $3,285,000 | -58.6% | 0.7% |
| CANOPY MORTGAGE, LLC | $9,345,000 | $3,240,000 | -65.3% | 0.7% |
| KeyBank | $5,355,000 | $3,220,000 | -39.9% | 0.7% |
| GUILD MORTGAGE COMPANY | $7,735,000 | $3,125,000 | -59.6% | 0.7% |
| Wells Fargo Bank | $4,370,000 | $2,610,000 | -40.3% | 0.6% |
| Century Mortgage Company DBA Century Lending Company | $155,000 | $2,145,000 | 1,283.9% | 0.5% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,735,000 | $2,035,000 | -25.6% | 0.5% |
| Bank of Utah | $1,160,000 | $1,990,000 | 71.6% | 0.4% |
| BROKER SOLUTIONS, INC. | $2,645,000 | $1,935,000 | -26.8% | 0.4% |
| JPMorgan Chase Bank | $1,985,000 | $1,925,000 | -3.0% | 0.4% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $980,000 | $1,870,000 | 90.8% | 0.4% |
| Stifel Bank and Trust | $1,095,000 | $1,830,000 | 67.1% | 0.4% |
| INTERCAP LENDING INC. | $1,895,000 | $1,685,000 | -11.1% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $1,085,000 | $1,670,000 | 53.9% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $2,340,000 | $1,650,000 | -29.5% | 0.4% |
| IDAHO STATE UNIVERSITY | $5,685,000 | $1,575,000 | -72.3% | 0.3% |
| Rails West Federal Credit Union | $3,970,000 | $1,485,000 | -62.6% | 0.3% |
| The Federal Savings Bank | $1,140,000 | $1,440,000 | 26.3% | 0.3% |
| Gateway First Bank | $2,440,000 | $1,430,000 | -41.4% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $3,315,000 | $1,335,000 | -59.7% | 0.3% |
| AMERICA FIRST | $2,420,000 | $1,315,000 | -45.7% | 0.3% |
| LOANDEPOT.COM, LLC | $5,960,000 | $1,280,000 | -78.5% | 0.3% |
| GENEVA FINANCIAL, LLC | $2,400,000 | $1,215,000 | -49.4% | 0.3% |
| The Loan Store, Inc. | $1,195,000 | n/a | 0.3% | |
| AMERICAN FINANCING CORPORATION | $995,000 | $1,160,000 | 16.6% | 0.3% |
| NEWREZ LLC | $1,595,000 | $1,115,000 | -30.1% | 0.2% |
| CMG MORTGAGE, INC. | $1,225,000 | $1,085,000 | -11.4% | 0.2% |
| Flagstar Bank, FSB | $4,970,000 | $1,030,000 | -79.3% | 0.2% |
| Citibank | $165,000 | $995,000 | 503.0% | 0.2% |
| EAST IDAHO Credit Union | $1,675,000 | $975,000 | -41.8% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $975,000 | n/a | 0.2% | |
| NFM, INC. | $295,000 | $975,000 | 230.5% | 0.2% |
| CALCON MUTUAL MORTGAGE LLC | $1,075,000 | $960,000 | -10.7% | 0.2% |
| NEW DAY FINANCIAL, LLC | $2,090,000 | $960,000 | -54.1% | 0.2% |
| Discover Bank | $625,000 | $955,000 | 52.8% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $2,110,000 | $880,000 | -58.3% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $205,000 | $850,000 | 314.6% | 0.2% |
| AXIA FINANCIAL, LLC | $195,000 | $840,000 | 330.8% | 0.2% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $1,455,000 | $805,000 | -44.7% | 0.2% |
| PHH Mortgage Corporation | $700,000 | $780,000 | 11.4% | 0.2% |
| BELEM SERVICING LLC | $455,000 | $750,000 | 64.8% | 0.2% |
| Cache Valley Bank | $435,000 | $750,000 | 72.4% | 0.2% |
| 21ST MORTGAGE CORPORATION | $465,000 | $745,000 | 60.2% | 0.2% |
| BEEHIVE | $2,115,000 | $725,000 | -65.7% | 0.2% |
| Utah Mortgage Loan Corporation | $255,000 | $690,000 | 170.6% | 0.2% |
| MANN FINANCIAL INC. | $3,060,000 | $680,000 | -77.8% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $680,000 | n/a | 0.2% | |
| FREEDOM MORTGAGE CORPORATION | $5,745,000 | $665,000 | -88.4% | 0.1% |
| CLEARPATH LENDING | $1,230,000 | $620,000 | -49.6% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $1,710,000 | $615,000 | -64.0% | 0.1% |
| SIRVA MORTGAGE, INC. | $685,000 | $600,000 | -12.4% | 0.1% |
| CARDINAL FINANCIAL | $1,630,000 | $595,000 | -63.5% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $1,590,000 | $595,000 | -62.6% | 0.1% |
| GUARANTEED RATE, INC. | $1,155,000 | $585,000 | -49.4% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $575,000 | n/a | 0.1% | |
| Mr. Cooper ( Nationstar Mortgage ) | $4,480,000 | $575,000 | -87.2% | 0.1% |
| Citizens Bank | $670,000 | $540,000 | -19.4% | 0.1% |
| Deseret First Credit Union | $740,000 | $530,000 | -28.4% | 0.1% |
| S1L, Inc. | $1,175,000 | $510,000 | -56.6% | 0.1% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $505,000 | n/a | 0.1% | |
| Umpqua Bank | $460,000 | $505,000 | 9.8% | 0.1% |
| USAA Federal Savings Bank | $945,000 | $500,000 | -47.1% | 0.1% |
| Neighborhood Loans, Inc. | $475,000 | n/a | 0.1% | |
| POLARIS HOME FUNDING CORP. | $475,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $625,000 | $470,000 | -24.8% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $185,000 | $440,000 | 137.8% | 0.1% |
| PREMIA MORTGAGE, LLC | $435,000 | n/a | 0.1% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $430,000 | n/a | 0.1% | |
| Bank of America | $110,000 | $415,000 | 277.3% | 0.1% |
| First Federal Bank | $415,000 | n/a | 0.1% | |
| LENDSURE MORTGAGE CORP. | $435,000 | $415,000 | -4.6% | 0.1% |
| CAPITAL EDUCATORS FEDERAL CREDIT UNION | $205,000 | $410,000 | 100.0% | 0.1% |
| Colonial Savings, F.A. | $690,000 | $410,000 | -40.6% | 0.1% |
| JMJ FINANCIAL GROUP | $395,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $390,000 | n/a | 0.1% | |
| Sierra Pacific Mortgage Company, Inc. | $720,000 | $375,000 | -47.9% | 0.1% |
| Heritage Bank | $365,000 | n/a | 0.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $170,000 | $365,000 | 114.7% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $360,000 | n/a | 0.1% | |
| Franklin Loan Corporation | $415,000 | $345,000 | -16.9% | 0.1% |
| SAMMAMISH MORTGAGE COMPANY | $325,000 | n/a | 0.1% | |
| AUGUSTA FINANCIAL, INC. | $315,000 | n/a | 0.1% | |
| Washington Federal Bank | $8,015,000 | $300,000 | -96.3% | 0.1% |
| BNC National Bank | $245,000 | $295,000 | 20.4% | 0.1% |
| CITYWIDE HOME LOANS, LLC | $735,000 | $295,000 | -59.9% | 0.1% |
| JMAC LENDING, INC. | $295,000 | n/a | 0.1% | |
| North American Savings Bank, F.S.B. | $205,000 | $295,000 | 43.9% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $285,000 | n/a | 0.1% | |
| Summit Mortgage Corporation | $275,000 | n/a | 0.1% | |
| BM Real Estate Services, Inc. | $265,000 | n/a | 0.1% | |
| Boeing Employees Credit Union | $100,000 | $250,000 | 150.0% | 0.1% |
| M&T Bank | $245,000 | n/a | 0.1% | |
| CORNERSTONE HOME LENDING, INC. | $395,000 | $225,000 | -43.0% | 0.0% |
| GESA | $225,000 | n/a | 0.0% | |
| Willamette Valley Bank | $455,000 | $215,000 | -52.7% | 0.0% |
| ZILLOW HOME LOANS, LLC | $585,000 | $215,000 | -63.2% | 0.0% |
| Commerce Home Mortgage, Inc. | $210,000 | n/a | 0.0% | |
| Wallick & Volk, Inc. | $205,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $195,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $430,000 | $195,000 | -54.7% | 0.0% |
| STARBOARD FINANCIAL MANAGEMENT, LLC | $185,000 | n/a | 0.0% | |
| SECURITY HOME MORTGAGE, LLC. | $1,805,000 | $175,000 | -90.3% | 0.0% |
| HighTechLending Inc | $165,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $215,000 | $155,000 | -27.9% | 0.0% |
| Figure Lending LLC | $260,000 | $150,000 | -42.3% | 0.0% |
| Citadel Servicing Corporation | $155,000 | $145,000 | -6.5% | 0.0% |
| OCMBC, INC. | $145,000 | n/a | 0.0% | |
| CHEVRON | $105,000 | n/a | 0.0% | |
| LOANPAL, LLC | $1,400,000 | $105,000 | -92.5% | 0.0% |
| GOLDENWEST | $1,290,000 | $85,000 | -93.4% | 0.0% |
| Coastal Community Bank | $55,000 | n/a | 0.0% | |
| PIONEER | $55,000 | $55,000 | 0.0% | 0.0% |
| Centier Bank | $45,000 | n/a | 0.0% |
POCATELLO's top lender by overall market share is IDAHO CENTRAL, with 21.7% market share. In second place, with 7.8%, is Glacier Bank, having originated $35,150,000 in loans. In third place, with 7.3%, is FIRST COLONY MORTGAGE CORPORATION, having originated $32,900,000 in loans. In fourth place, with 5.8%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $25,975,000 in loans. In fifth place, with 4.7%, is QUICKEN LOANS, LLC, having originated $21,270,000 in loans.
POCATELLO, ID Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 83201 | Pocatello, ID HUD Metro FMR Area | $590 | $670 | $880 | $1,250 | $1,500 |
| 83202 | Pocatello, ID HUD Metro FMR Area | $680 | $770 | $1,010 | $1,440 | $1,720 |
| 83204 | Pocatello, ID HUD Metro FMR Area | $570 | $640 | $850 | $1,200 | $1,440 |
| 83205 | Pocatello, ID HUD Metro FMR Area | $600 | $680 | $900 | $1,280 | $1,530 |
| 83206 | Pocatello, ID HUD Metro FMR Area | $600 | $680 | $900 | $1,280 | $1,530 |
| 83209 | Pocatello, ID HUD Metro FMR Area | $550 | $630 | $830 | $1,170 | $1,410 |
| 83214 | Pocatello, ID HUD Metro FMR Area | $600 | $680 | $900 | $1,280 | $1,530 |
| 83234 | Pocatello, ID HUD Metro FMR Area | $700 | $800 | $1,050 | $1,490 | $1,790 |
| 83245 | Pocatello, ID HUD Metro FMR Area | $670 | $760 | $1,000 | $1,420 | $1,700 |
| 83246 | Pocatello, ID HUD Metro FMR Area | $580 | $660 | $870 | $1,240 | $1,480 |
| 83250 | Pocatello, ID HUD Metro FMR Area | $630 | $720 | $940 | $1,340 | $1,610 |
| 83281 | Pocatello, ID HUD Metro FMR Area | $650 | $750 | $980 | $1,380 | $1,660 |
2022 Average & Median Rent Data Statistics
POCATELLO, ID average 1BR rent: $703, median: $680
POCATELLO, ID average 2BR rent: $926, median: $900
POCATELLO, ID average 3BR rent: $1,314, median: $1,280
POCATELLO, ID Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,139 | $318,995,000 | $280,066 |
| Cash Out Refi | 353 | $57,905,000 | $164,037 |
| Home Improvement | 283 | $25,865,000 | $91,396 |
| Other | 141 | $14,555,000 | $103,227 |
| Refi | 138 | $33,040,000 | $239,420 |
| NA | 1 | $35,000 | $35,000 |
Pocatello's most frequently cited loan purpose was Home Purchase, with 1,139 originations. The 2nd most popular reason was Cash Out Refi, with 353 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 680 | $187,150,000 | $275,221 |
| Over 8% | 581 | $56,405,000 | $97,083 |
| 7-8% | 401 | $97,525,000 | $243,204 |
| 5-6% | 355 | $100,215,000 | $282,296 |
| 4-5% | 24 | $5,080,000 | $211,667 |
| 3-4% | 2 | $320,000 | $160,000 |
| <2.5% | 1 | $5,000 | $5,000 |
During 2023, Pocatello's most frequently originated rate bucket was 6-7%, with 680 originations.
Loan Sizing (POCATELLO, ID MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 825 | $231,685,000 | $280,830 |
| $100,000 or less | 593 | $26,585,000 | $44,831 |
| $100k-200k | 422 | $63,120,000 | $149,573 |
| $400k-600k | 150 | $70,310,000 | $468,733 |
| $600k-1000k | 52 | $37,790,000 | $726,731 |
| $Over $1MM | 13 | $20,905,000 | $1,608,077 |
POCATELLO's loan sizing saw the bucket of loans from $200k-400k with 825 originations, totaling $231,685,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 681 | $219,275,000 | $321,990 |
| Under 20% | 455 | $17,665,000 | $38,824 |
| 60-80% | 393 | $123,675,000 | $314,695 |
| 20-40% | 287 | $34,695,000 | $120,889 |
| 40-60% | 212 | $46,410,000 | $218,915 |
| Over 100% | 13 | $4,485,000 | $345,000 |
POCATELLO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 681 originations, totaling $219,275,000 in origination value.