Alpine Credit Union Mortgage Rates, Fees & Info

Orem, UT

LEI: 254900QGEOVPON4RPM04

Tax ID: 87-0242876

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Alpine Credit Union is a smaller credit union specializing in Cash Out Refi loans. Alpine Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Provo, Price, Salt Lake City, Logan, and St. George among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Alpine Credit Union has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate 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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Alpine Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    145

    Origination Dollar Volume (All Markets)

    $35,165,000

    Top 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) 134 $32,680,000 $243,881 $0 3.26%
    Price, UT (FHA|USDA|VA) 3 $845,000 $281,667 $0 3.41%
    SALT LAKE CITY, UT (FHA|USDA|VA) 4 $730,000 $182,500 $0 4.25%
    Outside of Metro Areas 2 $400,000 $200,000 $0 3.13%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $315,000 $315,000 $0 3.00%
    ST. GEORGE, UT (FHA|USDA|VA) 1 $195,000 $195,000 $0 2.99%
    Alpine Credit Union's top markets include Provo, Price, Salt Lake City, Logan, and St. George among others.

    Their top states include:
  • Utah (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 145 $35,165,000 $242,517 $0 3.29%

    For 2020, Alpine Credit Union's most frequently originated type of loan was Conventional, with 145 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 91 $25,015,000 $274,890 $0 3.04%
    Refi 21 $5,225,000 $248,810 $0 3.12%
    Other 17 $1,035,000 $60,882 $0 4.93%
    Home Purchase 14 $3,690,000 $263,571 $0 3.56%
    Home Improvement 2 $200,000 $100,000 $0 5.24%

    For 2020, Alpine Credit Union's most frequently cited loan purpose was Cash Out Refi, with 91 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 68 $17,800,000 $261,765 $0 3.28%
    Other 31 $6,735,000 $217,258 $0 3.73%
    20 Year 16 $4,280,000 $267,500 $0 2.93%
    15 Year 13 $3,475,000 $267,308 $0 2.79%
    10 Year 12 $2,040,000 $170,000 $0 3.04%
    5 Year 5 $835,000 $167,000 $0 3.62%

    For 2020, Alpine Credit Union's most frequently cited loan duration was 30 Year, with 68 originations. The 2nd most popular length was Other, with 31 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 56 $16,100,000 $287,500
    3-4% 39 $10,575,000 $271,154
    <2.5% 8 $1,280,000 $160,000
    4-5% 5 $615,000 $123,000
    6-7% 3 $315,000 $105,000
    5-6% 2 $190,000 $95,000

    During 2020, Alpine Credit Union's average interest rate for loans was 3.28%, while their most frequently originated rate bucket for loans was 2.5-3%, with 56 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 87 $25,055,000 $287,989 $0 3.16%
    $100,000 or less 25 $1,295,000 $51,800 $0 4.06%
    $100k-200k 20 $3,000,000 $150,000 $0 3.12%
    $400k-600k 13 $5,815,000 $447,308 $0 3.23%

    2020 saw Alpine Credit Union place emphasis on $200k-400k loans with 87 originations, totaling $25,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $9,275,000 $226,220 $0 3.37%
    $75k-100k 35 $8,625,000 $246,429 $0 3.19%
    $50k-75k 29 $7,135,000 $246,034 $0 3.22%
    $150k-250k 20 $5,990,000 $299,500 $0 3.19%
    $50k or less 17 $3,175,000 $186,765 $0 3.30%
    $250k+ 3 $965,000 $321,667 $0 4.16%

    Alpine Credit Union lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $75k-100k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 48 $11,380,000 $237,083 $0 3.00%
    30-36% 29 $6,685,000 $230,517 $0 3.47%
    <20% 29 $7,265,000 $250,517 $0 3.02%
    37% 10 $2,270,000 $227,000 $0 3.34%
    41% 8 $2,140,000 $267,500 $0 3.77%
    42% 8 $1,970,000 $246,250 $0 4.23%
    38% 4 $1,010,000 $252,500 $0 3.06%
    39% 3 $945,000 $315,000 $0 3.12%
    36% 3 $695,000 $231,667 $0 4.31%
    40% 1 $175,000 $175,000 $0 0.00%
    46% 1 $265,000 $265,000 $0 3.88%
    48% 1 $365,000 $365,000 $0 3.50%

    Alpine Credit Union lent most frequently to those with DTI ratios of 20-30%, with 48 originations. The next most common DTI ratio? 30-36%, with 29 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 144 $34,880,000 $242,222 $0 3.29%
    Native Hawaiian or Islander 1 $285,000 $285,000 $0 3.25%

    Approval Rates

    Total approvals of all applications
    73.66%

    Alpine Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    95.86%

    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 145 $35,165,000 $242,517

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 145 $35,165,000 $242,517

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $2,310,000 $128,333 $0 3.32%
    40-60% 23 $6,065,000 $263,696 $0 3.10%
    60-80% 45 $13,585,000 $301,889 $0 3.09%
    80-100% 38 $12,110,000 $318,684 $0 3.20%
    Over 100% 1 $155,000 $155,000 $0 3.00%
    Under 20% 20 $940,000 $47,000 $0 4.35%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    ALLY FINANCIAL INC. Other type of mortgage Trouble during payment process 4 6.8%
    ALLY FINANCIAL INC. Conventional home mortgage Struggling to pay mortgage 5 8.5%
    ALLY FINANCIAL INC. Conventional home mortgage Trouble during payment process 16 27.1%
    ALLY FINANCIAL INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 1.7%
    ALLY FINANCIAL INC. Home equity loan or line of credit (HELOC) Trouble during payment process 2 3.4%
    ALLY FINANCIAL INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 1.7%
    ALLY FINANCIAL INC. Other type of mortgage Closing on a mortgage 1 1.7%
    ALLY FINANCIAL INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 15 25.4%
    ALLY FINANCIAL INC. Conventional home mortgage Closing on a mortgage 8 13.6%
    ALLY FINANCIAL INC. Conventional home mortgage Incorrect information on your report 6 10.2%