Which mortgage lender in the Boise City, ID area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Boise City, ID area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.
Going by historical data, the best mortgage lender in the Boise City, ID area in terms of interest rate is Westmark Credit Union, with an average “Rate Difference” of -0.18%. This means that, comparing similar borrowers, Westmark Credit Union provided a -0.18% lower interest rate for its customers than other lenders in the area. Westmark Credit Union has a market share of 0.3%. On the other hand, the most popular lender in the Boise City, ID area is Idaho Central Credit Union, with a larger market share of 11.6%. Idaho Central Credit Union is also a relatively cheap lender, with a “Rate Difference” of -0.17% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Boise City, ID area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, going by historical data, the cheapest lender for Conventional mortgages in Boise City, ID is Citywide Home Loans. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is Idaho Central Credit Union. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Idaho Central Credit Union. The cheapest VA mortgage provider is Navy Federal Credit Union. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.
Ranking of Mortgage Lenders in Boise City, ID
|Lender Name||Rate Difference||Rate Rating||Market Share|
|Idaho Central Credit Union||-0.10%||31.31%|
|Wells Fargo Bank||0.03%||5.05%|
|First Technology Credit Union||0.04%||2.53%|
|HomeBridge Financial Services||0.04%||3.03%|
|Bank of America||0.04%||0.51%|
|Bank of Idaho||0.04%||0.51%|
|Academy Mortgage Corporation Utah||0.04%||0.51%|
|D. L. Evans Bank||0.04%||0.51%|
|Bank of England AR||0.05%||0.51%|
|Finance of America Mortgage||0.05%||0.51%|
|Mountain America Credit Union||0.05%||0.51%|
|Axia Home Loans||0.05%||0.51%|
|First Federal Savings Bank of Twin Falls||0.05%||0.51%|
|Fairway Independent Mortgage Corporation||0.05%||2.02%|
|Synergy One Lending||0.06%||1.01%|
|Washington Trust Bank||0.07%||1.52%|
|Guild Mortgage Company||0.08%||3.54%|
|Caliber Home Loans||0.08%||1.52%|
|JPMorgan Chase Bank||0.12%||11.62%|
* Data is compiled for the Boise City, ID commuting zone area, which comprises of counties of Ada County, ID, Boise County, ID, Canyon County, ID, Elmore County, ID, Gem County, ID, and Owyhee County, ID. This includes cities/towns/communities of Boise City, ID as well as Nampa, ID, Meridian, ID, Eagle, ID, Kuna, ID, Caldwell, ID, Middleton, ID, Mountain Home, ID, Emmett, ID, Hidden Spring, ID, Greenleaf, ID, Garden City, ID, Horseshoe Bend, ID, Melba, ID, Homedale, ID, Parma, ID, Marsing, ID, Notus, ID, Glenns Ferry, ID, and Murphy, ID. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.
Mortgage Lender Rankings in Other Cities
This page contains information about the top mortgage lenders in the Boise City, ID area. For mortgage lender rankings in other cities, click here.