Alpine Credit Union Mortgage Rates, Fees & Info
Orem, UTLEI: 254900QGEOVPON4RPM04
Tax ID: 87-0242876
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Mortgage Data
Review & Overview
Alpine Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Alpine Credit Union has a high proportion of conventional loans. Their top two markets are Provo and Salt Lake City .Alpine Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 4/28/24 |
| 30 Year Conventional Refi | 6.27% | 4/28/24 |
| 30 Year Cash-out Refi | 6.27% | 4/28/24 |
| 15 Year Conventional Purchase | 5.68% | 4/28/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Alpine Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
118Origination Dollar Volume (All Markets)
$13,730,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PROVO-OREM, UT (FHA|USDA|VA) | 111 | $12,775,000 | $115,090 | $0 | 0.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $270,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 118 | $13,730,000 | $116,356 | $0 | 0.00% |
For 2018, Alpine Credit Union's most frequently originated type of loan was Conventional, with 118 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 71 | $8,425,000 | $118,662 | $0 | 0.00% |
| Home Improvement | 30 | $1,530,000 | $51,000 | $0 | 0.00% |
| Home Purchase | 17 | $3,775,000 | $222,059 | $0 | 0.00% |
For 2018, Alpine Credit Union's most frequently cited loan purpose was Refi, with 71 originations. The 2nd most popular reason was Home Improvement, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 118 | $13,730,000 | $116,356 | $0 | 0.00% |
For 2018, Alpine Credit Union's most frequently cited loan duration was Other, with 118 originations.
Loan Sizing
2018 saw Alpine Credit Union place emphasis on $100,000 or less loans with 69 originations, totaling $3,205,000 in origination value.
Applicant Income
Alpine Credit Union lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $50k-75k, with 29 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 118 | $13,730,000 | $116,356 | $0 | 0.00% |
Approval Rates
Total approvals of all applications93.23%
Alpine Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination95.76%
Alpine Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 118 | $13,730,000 | $116,356 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 118 | $13,730,000 | $116,356 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ALLY FINANCIAL INC. | Other type of mortgage | Struggling to pay mortgage | 1 | 10.0% |
| ALLY FINANCIAL INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 30.0% |
| ALLY FINANCIAL INC. | Conventional home mortgage | Closing on a mortgage | 2 | 20.0% |
| ALLY FINANCIAL INC. | Conventional home mortgage | Trouble during payment process | 2 | 20.0% |
| ALLY FINANCIAL INC. | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 10.0% |
| ALLY FINANCIAL INC. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 10.0% |