Which mortgage lender in the Idaho Falls, 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 Idaho Falls, 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 Idaho Falls, ID area in terms of interest rate is Westmark Credit Union, with an average “Rate Difference” of -0.09%. This means that, comparing similar borrowers, Westmark Credit Union provided a -0.09% lower interest rate for its customers than other lenders in the area. Westmark Credit Union has a market share of 3.3%. On the other hand, the most popular lender in the Idaho Falls, ID area is Idaho Central Credit Union, with a larger market share of 19.8%. Idaho Central Credit Union is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.06% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Idaho Falls, 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 Idaho Falls, ID is Glacier Bank. 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 Wells Fargo Bank. 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 Eagle Bank and Trust Company. 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 Idaho Falls, ID
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Idaho Central Credit Union | -0.13% | 4.40% | |
| Flagstar Bank | -0.13% | 7.86% | |
| Eagle Bank and Trust Company | -0.08% | 7.23% | |
| Caliber Home Loans | -0.03% | 1.57% | |
| American Financing | -0.03% | 3.46% | |
| Mountain America Credit Union | -0.03% | 0.63% | |
| Bank of Idaho | -0.02% | 2.52% | |
| Gateway First Bank | -0.02% | 2.20% | |
| VanDyk Mortgage Corporation | -0.02% | 3.14% | |
| Fairway Independent Mortgage Corporation | -0.02% | 2.52% | |
| Glacier Bank | -0.01% | 0.94% | |
| Sierra Pacific Mortgage | -0.01% | 0.63% | |
| First Colony Mortgage Corporation | -0.00% | 0.94% | |
| American Pacific Mortgage | 0.00% | 1.89% | |
| Carrington Mortgage Services | 0.00% | 4.09% | |
| D. L. Evans Bank | 0.00% | 0.63% | |
| KeyBank | 0.00% | 0.63% | |
| Citywide Home Loans | 0.01% | 0.31% | |
| Academy Mortgage Corporation Utah | 0.01% | 0.94% | |
| Summit Funding Inc | 0.02% | 1.26% | |
| Synergy One Lending | 0.02% | 2.52% | |
| Guild Mortgage Company | 0.03% | 4.40% | |
| Mann Mortgage | 0.04% | 5.35% | |
| Cornerstone Home Lending | 0.04% | 0.63% | |
| Quicken Loans | 0.05% | 25.47% | |
| loanDepot | 0.06% | 5.03% | |
| Mr. Cooper | 0.08% | 5.66% | |
| Freedom Mortgage Corporation | 0.08% | 3.14% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.01% | 8.33% | |
| Idaho Central Credit Union | -0.01% | 36.11% | |
| KeyBank | -0.00% | 5.56% | |
| Westmark Credit Union | 0.00% | 11.11% | |
| Quicken Loans | 0.01% | 2.78% | |
| Mountain America Credit Union | 0.01% | 5.56% | |
| US Bank | 0.01% | 19.44% | |
| Cornerstone Home Lending | 0.01% | 2.78% | |
| JPMorgan Chase Bank | 0.02% | 8.33% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.01% | 13.04% | |
| Idaho Central Credit Union | -0.01% | 34.78% | |
| KeyBank | -0.00% | 8.70% | |
| Westmark Credit Union | 0.00% | 17.39% | |
| US Bank | 0.01% | 13.04% | |
| Cornerstone Home Lending | 0.01% | 4.35% | |
| JPMorgan Chase Bank | 0.03% | 8.70% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Idaho Central Credit Union | -0.01% | 38.46% | |
| Quicken Loans | 0.00% | 7.69% | |
| Mountain America Credit Union | 0.00% | 15.38% | |
| JPMorgan Chase Bank | 0.00% | 7.69% | |
| US Bank | 0.01% | 30.77% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Eagle Bank and Trust Company | -0.13% | 8.60% | |
| Idaho Central Credit Union | -0.06% | 6.99% | |
| Bank of Idaho | -0.06% | 3.23% | |
| Caliber Home Loans | -0.04% | 1.61% | |
| Navy Federal Credit Union | -0.04% | 1.61% | |
| USAA | -0.04% | 5.91% | |
| Gateway First Bank | -0.03% | 2.69% | |
| D. L. Evans Bank | -0.02% | 0.54% | |
| First Colony Mortgage Corporation | -0.02% | 0.54% | |
| Fairway Independent Mortgage Corporation | -0.01% | 2.15% | |
| Citywide Home Loans | -0.01% | 0.54% | |
| NBKC Bank | -0.01% | 0.54% | |
| loanDepot | -0.01% | 11.29% | |
| American Pacific Mortgage | -0.01% | 1.61% | |
| VanDyk Mortgage Corporation | -0.01% | 2.69% | |
| US Bank | -0.01% | 0.54% | |
| Glacier Bank | -0.00% | 0.54% | |
| Flagstar Bank | -0.00% | 2.15% | |
| American Financing | 0.00% | 2.15% | |
| Mann Mortgage | 0.00% | 1.61% | |
| Synergy One Lending | 0.01% | 4.30% | |
| Guild Mortgage Company | 0.02% | 6.45% | |
| Academy Mortgage Corporation Utah | 0.02% | 0.54% | |
| Carrington Mortgage Services | 0.04% | 2.69% | |
| Mr. Cooper | 0.05% | 3.23% | |
| Freedom Mortgage Corporation | 0.06% | 6.99% | |
| Quicken Loans | 0.08% | 18.28% |
* Data is compiled for the Idaho Falls, ID commuting zone area, which comprises of counties of Bannock County, ID, Bingham County, ID, Bonneville County, ID, Butte County, ID, Clark County, ID, Jefferson County, ID, and Power County, ID. This includes cities/towns/communities of Idaho Falls, ID as well as Pocatello, ID, Ammon, ID, Rigby, ID, Chubbuck, ID, Blackfoot, ID, Iona, ID, Shelley, ID, Ririe, ID, McCammon, ID, Groveland, ID, Riverside, ID, American Falls, ID, Atomic City, ID, Menan, ID, Firth, ID, Tyhee, ID, Arco, ID, Roberts, ID, Arbon Valley, ID, Fort Hall, ID, Dubois, ID, and Fort Hall, 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 Idaho Falls, ID area. For mortgage lender rankings in other cities, click here.