Grand Valley Bank Mortgage Rates, Fees & Info

Heber, UT

LEI: 5493002HQPD3K5EOQP52

Tax ID: 84-0920461

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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, Vernal, Denver, and Ogden among others. We have data for 8 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.50% 4/28/24
    30 Year Conventional Refi 6.71% 4/28/24
    30 Year Cash-out Refi 6.71% 4/28/24
    15 Year Conventional Purchase 6.04% 4/28/24
    15 Year Conventional Refi 5.86% 4/28/24
    15 Year Cash-out Refi 5.86% 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.

    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

    54

    Origination Dollar Volume (All Markets)

    $18,040,000

    Employee count

    88

    Awards

    Grand Valley Bank 30 Year Conventional Loans gold Grand Valley Bank 30 Year Conventional Loans bronze
    Show all (2) awards

    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) 10 $8,910,000 $891,000 $6,056 5.31%
    GRAND JUNCTION, CO (FHA|USDA|VA) 35 $7,745,000 $221,286 $2,857 4.75%
    Vernal, UT (FHA|USDA|VA) 4 $370,000 $92,500 $2,275 5.34%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $305,000 $305,000 $3,715 3.99%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $205,000 $205,000 $2,379 4.13%
    BOISE CITY, ID (FHA|USDA|VA) 1 $185,000 $185,000 $3,749 4.75%
    Outside of Metro Areas 1 $175,000 $175,000 $3,387 4.38%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $145,000 $145,000 $1,628 4.00%
    Grand Valley Bank's top markets include Heber, Grand Junction, Vernal, Denver, and Ogden among others.

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

    • 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.

    COLORAMO
    Similarity Rank: 30
    Grand Valley Bank
    Similarity Rank: 80
    Alpine Bank
    Similarity Rank: 208
    GERSHMAN INVESTMENT CORP.
    Similarity Rank: 666
    UNIFIRST MORTGAGE CORPORATION
    Similarity Rank: 1395
    Bank of Colorado
    Similarity Rank: 1419
    Glacier Bank
    Similarity Rank: 1422
    Zions Bank
    Similarity Rank: 1905
    Cendera Funding Inc.
    Similarity Rank: 2401
    CLEARPATH LENDING
    Similarity Rank: 2898

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 54 $18,040,000 $334,074 $3,280 4.85%

    For 2018, Grand Valley Bank's most frequently originated type of loan was Conventional, with 54 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 36 $13,910,000 $386,389 $3,796 4.78%
    Cash Out Refi 8 $1,720,000 $215,000 $3,357 4.43%
    Refi 6 $2,190,000 $365,000 $1,518 5.33%
    Home Improvement 2 $90,000 $45,000 $280 5.75%
    Other 2 $130,000 $65,000 $518 5.63%

    For 2018, Grand Valley Bank's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 26 $6,130,000 $235,769 $3,085 4.46%
    Other 12 $5,520,000 $460,000 $1,719 5.56%
    20 Year 4 $780,000 $195,000 $3,425 4.53%
    10 Year 4 $2,500,000 $625,000 $0 5.25%
    15 Year 3 $855,000 $285,000 $2,792 3.79%
    1 Year 2 $1,840,000 $920,000 $13,635 5.55%
    5 Year 2 $280,000 $140,000 $1,010 6.13%
    3 Year 1 $135,000 $135,000 $0 5.50%

    For 2018, Grand Valley Bank's most frequently cited loan duration was 30 Year, with 26 originations. The 2nd most popular length was Other, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 20 $4,150,000 $207,500
    $1k-2k 13 $2,475,000 $190,385
    $2k-3k 6 $1,500,000 $250,000
    $3k-4k 4 $1,260,000 $315,000
    $5k+ 1 $1,535,000 $1,535,000

    Grand Valley Bank's average total fees were $3,085, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 20 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 26 $10,880,000 $418,462
    5-6% 17 $4,785,000 $281,471
    3-4% 8 $1,960,000 $245,000
    6-7% 3 $415,000 $138,333

    During 2018, Grand Valley Bank's average interest rate for loans was 4.46%, while their most frequently originated rate bucket for loans was 4-5%, with 26 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 22 $5,960,000 $270,909 $3,213 4.65%
    $100k-200k 14 $2,220,000 $158,571 $2,748 4.65%
    $100,000 or less 10 $590,000 $59,000 $1,293 5.59%
    $1MM+ 3 $6,405,000 $2,135,000 $24,416 5.25%
    $400k-600k 3 $1,265,000 $421,667 $3,465 4.29%
    $600k-1MM 2 $1,600,000 $800,000 $0 5.13%

    2018 saw Grand Valley Bank place emphasis on $200k-400k loans with 22 originations, totaling $5,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 10 $2,880,000 $288,000 $2,784 4.60%
    $150k-250k 10 $1,960,000 $196,000 $2,936 4.81%
    $50k or less 10 $1,370,000 $137,000 $2,609 4.69%
    $250k+ 7 $2,865,000 $409,286 $6,426 5.15%
    $75k-100k 7 $1,555,000 $222,143 $3,135 4.98%
    $50k-75k 5 $805,000 $161,000 $2,357 4.90%

    Grand Valley Bank lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $150k-250k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 11 $2,405,000 $218,636 $2,413 4.57%
    <20% 9 $3,655,000 $406,111 $5,364 4.71%
    30-36% 4 $720,000 $180,000 $2,664 4.44%
    50-60% 4 $500,000 $125,000 $2,854 5.53%
    38% 3 $575,000 $191,667 $2,080 5.21%
    45% 3 $515,000 $171,667 $3,556 4.33%
    46% 2 $370,000 $185,000 $3,488 4.43%
    >60% 2 $320,000 $160,000 $0 6.13%
    36% 2 $280,000 $140,000 $891 5.75%
    39% 2 $330,000 $165,000 $2,485 5.06%
    42% 2 $540,000 $270,000 $3,915 5.06%
    43% 2 $510,000 $255,000 $3,882 4.18%
    44% 2 $400,000 $200,000 $3,564 4.56%
    41% 1 $315,000 $315,000 $2,633 4.95%

    Grand Valley Bank lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? <20%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $11,355,000 $241,596 $3,280 4.79%
    Not applicable 5 $6,605,000 $1,321,000 $0 5.15%
    Asian 2 $80,000 $40,000 $0 5.50%

    Approval Rates

    Total approvals of all applications
    79.59%

    Grand Valley Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    59.26%

    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 54 $18,040,000 $334,074

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $290,000 $145,000
    Single Family (1-4 Units):Site-Built 52 $17,750,000 $341,346

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $685,000 $137,000 $1,658 5.17%
    40-60% 15 $6,485,000 $432,333 $3,116 4.66%
    60-80% 24 $8,510,000 $354,583 $4,041 4.99%
    80-100% 8 $2,300,000 $287,500 $3,630 4.51%
    Under 20% 2 $60,000 $30,000 $451 5.25%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    GRANDE HOMES INC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Grand Valley Bank 92 W Main St Midway, UT 84049 Full Service B&M $12,761
    Grand Valley Bank 109 Main Street Collbran, CO 81624 Full Service B&M $26,765
    Grand Valley Bank 121 West Main Vernal, UT 84078 Full Service B&M $23,497
    Grand Valley Bank 1225 Deer Valley Drive Park City, UT 84060 Full Service B&M $44,818
    Grand Valley Bank 2 South Main Street Heber City, UT 84032 Full Service B&M $35,456
    Grand Valley Bank 452 South Maple Fruita, CO 81521 Full Service B&M $48,444
    Grand Valley Bank 570 25 Road Grand Junction, CO 81505 Full Service B&M $33,499
    Grand Valley Bank 925 North 7th Street Grand Junction, CO 81501 Full Service B&M $105,225

    For 2018, Grand Valley Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,382
    Net interest income $14,100
    Total noninterest income $1,302
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $473
    Trading account gains and fees $0
    Additional Noninterest Income $829
    Pre-tax net operating income $6,090
    Securities gains (or losses, -) $-18
    Income before extraordinary items $4,877
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,877
    Minority interest net income $0
    Net income $4,877
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,891

    Grand Valley Bank's gross interest income from loans was $15,382,000.
    Grand Valley Bank's net interest income from loans was $14,100,000.
    Grand Valley Bank's fee based income from loans was $473,000.
    Grand Valley Bank's net income from loans was $4,877,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,282
    Provision for credit losses $120
    Total noninterest expense $9,192
    Salaries and employee benefits $6,007
    Premises and equipment expense $785
    Additional noninterest expense $2,400
    Applicable income taxes $1,195
    Net charge-offs $-1
    Cash dividends $1,293

    Grand Valley Bank's interest expense for loans was $1,282,000.
    Grand Valley Bank's payroll and benefits expense were $6,007,000.
    Grand Valley Bank's property, plant and equipment expenses $785,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $342,399
    Deposits held in domestic offices $342,399
    Deposits by Individuals, partnerships, and corporations $314,116
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $28,283
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $72,371
    Demand deposits $60,247
    Nontransaction accounts $270,028
    Money market deposit accounts (MMDAs) $97,369
    Other savings deposits (excluding MMDAs) $115,859
    Total time deposits $56,800
    Total time and savings deposits $282,152
    Noninterest-bearing deposits $120,960
    Interest-bearing deposits $221,439
    Retail deposits $332,409
    IRAs and Keogh plan accounts $10,740
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $389,955
    Cash & Balances due from depository institutions $5,876
    Interest-bearing balances $902
    Total securities $178,774
    Federal funds sold & reverse repurchase $0
    Net loans and leases $192,201
    Loan and leases loss allowance $2,864
    Trading account assets $0
    Bank premises and fixed assets $8,992
    Other real estate owned $77
    Goodwill and other intangibles $251
    All other assets $3,784

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $389,955
    Total Liabilities $350,517
    Total deposits $342,399
    Interest-bearing deposits $221,439
    Deposits held in domestic offices $342,399
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $6,700
    Subordinated debt $0
    All other liabilities $1,418

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $192,201
    Loan and leases loss allowance $2,864
    Total loans and leases (domestic) $195,065
    All real estate loans $167,929
    Real estate loans in domestic offices $167,929
    Construction and development loans $33,604
    Residential 1-4 family construction $20,173
    Other construction, all land development and other land $13,431
    Loans secured by nonfarm nonresidential properties $41,671
    Nonfarm nonresidential secured by owner-occupied properties $31,089
    Commercial real estate & other non-farm, non-residential $10,582
    Multifamily residential real estate $3,210
    1-4 family residential loans $49,451
    Farmland loans $39,993
    Loans held in foreign offices $0
    Farm loans $20,211
    Commercial and industrial loans $5,684
    To non-U.S. addressees $0
    Loans to individuals $1,745
    Credit card loans $0
    Related Plans $105
    Consumer Auto Loans $703
    Other loans to individuals $937
    All other loans & leases $27
    Loans to foreign governments and official institutions $0
    Other loans $27
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Grand Valley Bank had $192,201,000 of loans outstanding in 2018. $167,929,000 of loans were in real estate loans. $33,604,000 of loans were in development loans. $3,210,000 of loans were in multifamily mortgage loans. $49,451,000 of loans were in 1-4 family mortgage loans. $20,211,000 of loans were in farm loans. $0 of loans were in credit card loans. $703,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 148 $31,389 $212,088
    Nonfarm, nonresidential loans - <$100k 27 $1,062 $39,333
    Nonfarm, nonresidential loans - $100-250k 54 $6,521 $120,759
    Nonfarm, nonresidential loans - $250k-1MM 67 $23,806 $355,313
    Commercial & Industrial, US addressed loans - <$1MM 144 $5,684 $39,472
    Commercial & Industrial, US addressed loans - <$100k 121 $2,392 $19,769
    Commercial & Industrial, US addressed loans - $100-250k 13 $1,235 $95,000
    Commercial & Industrial, US addressed loans - $250k-1MM 10 $2,057 $205,700
    Farmland loans - <$1MM 99 $15,063 $152,152
    Farmland loans - <$100k 33 $1,420 $43,030
    Farmland loans - $100-250k 35 $4,504 $128,686
    Farmland loans - $250k-1MM 31 $9,139 $294,806
    Agriculture operations loans - <$1MM 198 $10,984 $55,475
    Agriculture operations loans - <$100k 143 $3,158 $22,084
    Agriculture operations loans - $100-250k 37 $4,235 $114,459
    Agriculture operations loans - $250k-1MM 18 $3,591 $199,500