We compare mortgage interest rate and loan related closing costs at Idaho State University FCU with other lenders for mortgages with similar borrower characteristics:
Interest Rate: lower than average (-0.06%)
Loan Related Closing Costs: higher than average (+$310)
Assessment: this lender tends to be a average cost lender.
This scoreboard is based on data reported to FFIEC. In the data, Idaho State University FCU originated 83 mortgages, a national market share of 0.0%. It was most active in ID (0.1% market share), ND (0.0% market share), and NV (0.0% market share).
On average, Idaho State University FCU’s interest rates were lower than those of comparable mortgages at other lenders (-0.06%).1The comparable mortgages control for Idaho State University FCU’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $3638, which was higher than those of comparable mortgages at $3327, with a difference of +$310. Overall, we estimate that Idaho State University FCU tends to be an average cost lender, with a cost-adjusted-rate difference of +0.01% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with Idaho State University FCU.
Idaho State University FCU specialized in mortgage refinancing, and originated Conforming refinances. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:
Mortgage Refinancing from Idaho State University FCU compared to other lenders
|Interest Rate Difference||-0.06%|
|Loan Related Closing Cost Difference||+$310|
|Cost Adjusted Rate Difference||+0.01%|
Based on the table above, Idaho State University FCU is similar to other lenders for Conforming mortgage refinance.
Other information about Idaho State University FCU:
Regulator: National Credit Union Administration (NCUA)
Registered city and state: Pocatello, ID, 83201