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 Other and Cash Out Refi loans. Alpine Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Provo, Salt Lake City, St. George, Price, and Ogden 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 above average approval rate when compared to the average across all 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% | 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
95Origination Dollar Volume (All Markets)
$14,535,000Top 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) | 86 | $12,950,000 | $150,581 | $0 | 5.27% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $0 | 5.24% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 3.88% |
| Outside of Metro Areas | 1 | $195,000 | $195,000 | $0 | 5.38% |
| Price, UT (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.75% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.24% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 95 | $14,535,000 | $153,000 | $0 | 5.26% |
For 2022, Alpine Credit Union's most frequently originated type of loan was Conventional, with 95 originations.
Loan Reason
For 2022, Alpine Credit Union's most frequently cited loan purpose was Other, with 42 originations. The 2nd most popular reason was Home Improvement, with 33 originations.
Loan Duration/Length
For 2022, Alpine Credit Union's most frequently cited loan duration was 15 Year, with 46 originations. The 2nd most popular length was 30 Year, with 18 originations.
Interest Rates
During 2022, Alpine Credit Union's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 5-6%, with 34 originations.
Loan Sizing
2022 saw Alpine Credit Union place emphasis on $100,000 or less loans with 57 originations, totaling $3,145,000 in origination value.
Applicant Income
Alpine Credit Union lent most frequently to those with incomes in the $100k-150k range, with 29 originations. The second most popular income band? $150k-250k, with 29 originations.
Applicant Debt to Income Ratio
Alpine Credit Union lent most frequently to those with DTI ratios of 20-30%, with 31 originations. The next most common DTI ratio? 30-36%, with 19 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 95 | $14,535,000 | $153,000 | $0 | 5.26% |
Approval Rates
Total approvals of all applications99.12%
Alpine Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 95 | $14,535,000 | $153,000 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ALLY FINANCIAL INC. | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |
| ALLY FINANCIAL INC. | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |