Grand Valley Bank Mortgage Rates, Fees & Info
Heber, UTLEI: 5493002HQPD3K5EOQP52
Tax ID: 84-0920461
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Grand Valley Bank is a smaller bank specializing in Home Purchase loans. Grand Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: Heber, Grand Junction, Provo, Vernal, and Cedar City among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Grand Valley Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Grand Valley Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.23% | 4/5/25 |
| 30 Year Conventional Refi | 6.29% | 4/5/25 |
| 30 Year Cash-out Refi | 6.93% | 4/5/25 |
| 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. | ||
Grand Valley Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Grand Valley Bank. 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
29Origination Dollar Volume (All Markets)
$12,085,000Awards
Grand Valley Bank - 2024
Grand Valley Bank is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
Work for Grand Valley Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Grand Valley Bank's average 30 year fixed mortgage rate was
6.75%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.2%.
Relative Fees (Closing Costs)
Grand Valley Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,002.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| Heber, UT (FHA|USDA|VA) | 2 | $5,030,000 | $2,515,000 | $17,233 | 8.13% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 17 | $4,305,000 | $253,235 | $3,285 | 6.96% |
| Outside of Metro Areas | 4 | $1,070,000 | $267,500 | $2,804 | 7.34% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $8,400 | 7.00% |
| Vernal, UT (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $4,630 | 7.83% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,773 | 6.38% |
| Angola, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,318 | 6.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against Grand Valley Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 105
Similarity Rank: 195
Similarity Rank: 306
Similarity Rank: 408
Similarity Rank: 520
Similarity Rank: 630
Similarity Rank: 1155
Similarity Rank: 1269
Similarity Rank: 2620
Similarity Rank: 5394
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 29 | $12,085,000 | $416,724 | $4,334 | 7.16% |
For 2024, Grand Valley Bank's most frequently originated type of loan was Conventional, with 29 originations.
Loan Reason
For 2024, Grand Valley Bank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
For 2024, Grand Valley Bank's most frequently cited loan duration was 30 Year, with 20 originations. The 2nd most popular length was Other, with 5 originations.
Origination Fees/Closing Costs
Grand Valley Bank's average total fees were $4,002, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 11 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 17 | $4,805,000 | $282,647 |
| Over 8% | 6 | $2,180,000 | $363,333 |
| 7-8% | 4 | $4,510,000 | $1,127,500 |
| 5-6% | 2 | $590,000 | $295,000 |
During 2024, Grand Valley Bank's average interest rate for loans was 6.75%, while their most frequently originated rate bucket for loans was 6-7%, with 17 originations.
Loan Sizing
2024 saw Grand Valley Bank place emphasis on $200k-400k loans with 13 originations, totaling $3,935,000 in origination value.
Applicant Income
Grand Valley Bank lent most frequently to those with incomes in the $75k-100k range, with 10 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
Grand Valley Bank lent most frequently to those with DTI ratios of <20%, with 5 originations. The next most common DTI ratio? 20-30%, with 4 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.36%
Grand Valley Bank has an average approval rate.
Pick Rate
Approvals leading to origination55.17%
Grand Valley Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 29 | $12,085,000 | $416,724 |