Alpine Credit Union Mortgage Rates, Fees & Info
Orem, UTLEI: 254900QGEOVPON4RPM04
Tax ID: 87-0242876
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Alpine Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Alpine Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Provo, Salt Lake City, and St. George among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Alpine Credit Union has a below 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 12/4/24 |
| 30 Year Conventional Refi | 6.27% | 12/4/24 |
| 30 Year Cash-out Refi | 6.27% | 12/4/24 |
| 15 Year Conventional Purchase | 5.68% | 12/4/24 |
| 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
82Origination Dollar Volume (All Markets)
$19,470,000Top 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) | 63 | $15,015,000 | $238,333 | $0 | 3.34% |
| Outside of Metro Areas | 15 | $3,595,000 | $239,667 | $0 | 3.15% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 2.94% |
| ST. GEORGE, UT (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 2.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 82 | $19,470,000 | $237,439 | $0 | 3.28% |
For 2021, Alpine Credit Union's most frequently originated type of loan was Conventional, with 82 originations.
Loan Reason
For 2021, Alpine Credit Union's most frequently cited loan purpose was Cash Out Refi, with 34 originations. The 2nd most popular reason was Refi, with 22 originations.
Loan Duration/Length
For 2021, Alpine Credit Union's most frequently cited loan duration was 30 Year, with 35 originations. The 2nd most popular length was 15 Year, with 15 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 42 | $12,520,000 | $298,095 |
| 3-4% | 14 | $3,310,000 | $236,429 |
| <2.5% | 12 | $2,910,000 | $242,500 |
| 4-5% | 8 | $360,000 | $45,000 |
| 5-6% | 6 | $370,000 | $61,667 |
During 2021, Alpine Credit Union's average interest rate for loans was 2.99%, while their most frequently originated rate bucket for loans was 2.5-3%, with 42 originations.
Loan Sizing
2021 saw Alpine Credit Union place emphasis on $200k-400k loans with 39 originations, totaling $11,285,000 in origination value.
Applicant Income
Alpine Credit Union lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $50k-75k, with 20 originations.
Applicant Debt to Income Ratio
Alpine Credit Union lent most frequently to those with DTI ratios of 30-36%, with 21 originations. The next most common DTI ratio? 20-30%, with 19 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 82 | $19,470,000 | $237,439 | $0 | 3.28% |
Approval Rates
Total approvals of all applications69.75%
Alpine Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination98.78%
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 | 82 | $19,470,000 | $237,439 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ALPHA MORTGAGE CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |