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 Refi and Home Purchase loans. Grand Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: Grand Junction, Heber, Vernal, Denver, and Logan among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Grand Valley Bank has an above 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% 12/16/24
    30 Year Conventional Refi 6.71% 12/16/24
    30 Year Cash-out Refi 6.71% 12/16/24
    15 Year Conventional Purchase 6.04% 12/16/24
    15 Year Conventional Refi 5.86% 12/16/24
    15 Year Cash-out Refi 5.86% 12/16/24
    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

    109

    Origination Dollar Volume (All Markets)

    $27,655,000

    Employee count

    97

    Awards

    Grand Valley Bank 30 Year Conventional Loans gold Grand Valley Bank 30 Year Conventional Loans silver Grand Valley Bank 30 Year Conventional Loans gold Grand Valley Bank 30 Year Conventional Loans gold
    Show all (4) 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
    GRAND JUNCTION, CO (FHA|USDA|VA) 74 $17,230,000 $232,838 $2,301 2.98%
    Heber, UT (FHA|USDA|VA) 9 $3,805,000 $422,778 $4,175 3.62%
    Vernal, UT (FHA|USDA|VA) 12 $3,100,000 $258,333 $2,556 3.66%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $820,000 $410,000 $2,180 2.62%
    LOGAN, UT-ID (FHA|USDA|VA) 3 $465,000 $155,000 $0 4.90%
    Montrose, CO (FHA|USDA|VA) 2 $370,000 $185,000 $2,377 3.13%
    Outside of Metro Areas 1 $365,000 $365,000 $3,800 2.50%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $355,000 $355,000 $2,335 2.88%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $305,000 $305,000 $0 4.25%
    ST. GEORGE, UT (FHA|USDA|VA) 1 $275,000 $275,000 $2,851 2.50%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $275,000 $275,000 $2,256 2.25%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $255,000 $255,000 $2,374 2.49%
    Rock Springs, WY (FHA|USDA|VA) 1 $35,000 $35,000 $1,332 5.90%
    Grand Valley Bank's top markets include Grand Junction, Heber, Vernal, Denver, and Logan among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Wyoming (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.

    Grand Valley Bank
    Similarity Rank: 78
    COLORAMO
    Similarity Rank: 159
    Alpine Bank
    Similarity Rank: 364
    CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION
    Similarity Rank: 630
    GERSHMAN INVESTMENT CORP.
    Similarity Rank: 1586
    UNIVERSAL LENDING CORPORATION
    Similarity Rank: 1900
    Glacier Bank
    Similarity Rank: 1911
    AmeriHome Mortgage Company, LLC
    Similarity Rank: 2064
    INTERLINC MORTGAGE SERVICES, LLC
    Similarity Rank: 2444
    Bank of Colorado
    Similarity Rank: 3528

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 109 $27,655,000 $253,716 $2,477 3.17%

    For 2020, Grand Valley Bank's most frequently originated type of loan was Conventional, with 109 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 60 $15,090,000 $251,500 $2,091 3.05%
    Home Purchase 28 $7,740,000 $276,429 $3,467 3.55%
    Cash Out Refi 19 $4,665,000 $245,526 $2,594 2.84%
    Other 2 $160,000 $80,000 $1,932 4.89%

    For 2020, Grand Valley Bank's most frequently cited loan purpose was Refi, with 60 originations. The 2nd most popular reason was Home Purchase, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 69 $19,075,000 $276,449 $2,514 2.92%
    15 Year 19 $3,695,000 $194,474 $2,300 2.38%
    Other 12 $3,570,000 $297,500 $3,505 4.80%
    20 Year 4 $490,000 $122,500 $0 5.00%
    10 Year 3 $615,000 $205,000 $1,870 3.42%
    5 Year 2 $210,000 $105,000 $1,332 5.58%

    For 2020, Grand Valley Bank's most frequently cited loan duration was 30 Year, with 69 originations. The 2nd most popular length was 15 Year, with 19 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 70 $17,290,000 $247,000
    $1k-2k 13 $2,905,000 $223,462
    $2k-3k 7 $2,305,000 $329,286
    $3k-4k 1 $235,000 $235,000
    $5k+ 1 $645,000 $645,000

    Grand Valley Bank's average total fees were $2,514, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 70 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 35 $8,585,000 $245,286
    2.5-3% 30 $7,660,000 $255,333
    3-4% 24 $6,960,000 $290,000
    4-5% 14 $3,570,000 $255,000
    5-6% 6 $880,000 $146,667

    During 2020, Grand Valley Bank's average interest rate for loans was 2.92%, while their most frequently originated rate bucket for loans was <2.5%, with 35 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 54 $15,130,000 $280,185 $2,540 2.98%
    $100k-200k 36 $5,550,000 $154,167 $2,111 3.04%
    $400k-600k 11 $5,125,000 $465,909 $3,019 3.25%
    $100,000 or less 6 $430,000 $71,667 $1,344 5.20%
    $600k-1MM 2 $1,420,000 $710,000 $8,925 4.38%

    2020 saw Grand Valley Bank place emphasis on $200k-400k loans with 54 originations, totaling $15,130,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 24 $6,120,000 $255,000 $2,475 2.95%
    $50k-75k 21 $4,555,000 $216,905 $2,575 2.77%
    $100k-150k 18 $5,320,000 $295,556 $2,504 2.89%
    $150k-250k 16 $5,250,000 $328,125 $3,098 3.33%
    $50k or less 15 $2,535,000 $169,000 $1,926 2.81%
    $250k+ 7 $1,735,000 $247,857 $1,932 4.20%

    Grand Valley Bank lent most frequently to those with incomes in the $75k-100k range, with 24 originations. The second most popular income band? $50k-75k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 31 $7,275,000 $234,677 $2,269 2.98%
    30-36% 16 $4,080,000 $255,000 $2,323 3.01%
    <20% 9 $2,555,000 $283,889 $2,732 2.60%
    41% 8 $1,810,000 $226,250 $2,473 2.97%
    40% 6 $1,900,000 $316,667 $3,045 3.25%
    38% 4 $930,000 $232,500 $2,477 2.88%
    42% 3 $855,000 $285,000 $2,124 3.04%
    36% 3 $1,045,000 $348,333 $2,860 2.50%
    43% 3 $785,000 $261,667 $2,943 3.13%
    44% 3 $1,025,000 $341,667 $2,544 2.58%
    45% 2 $490,000 $245,000 $3,416 2.88%
    48% 2 $450,000 $225,000 $2,047 2.19%
    37% 2 $510,000 $255,000 $2,554 3.25%
    >60% 1 $255,000 $255,000 $3,372 3.63%
    46% 1 $125,000 $125,000 $2,140 2.50%
    49% 1 $135,000 $135,000 $1,931 2.63%

    Grand Valley Bank lent most frequently to those with DTI ratios of 20-30%, with 31 originations. The next most common DTI ratio? 30-36%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 100 $25,610,000 $256,100 $2,477 3.01%
    Not applicable 7 $1,735,000 $247,857 $0 5.08%
    Asian 2 $310,000 $155,000 $0 4.90%

    Approval Rates

    Total approvals of all applications
    90.34%

    Grand Valley Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.73%

    Grand Valley Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 109 $27,655,000 $253,716

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $1,180,000 $590,000
    Single Family (1-4 Units):Manufactured 1 $135,000 $135,000
    Single Family (1-4 Units):Site-Built 106 $26,340,000 $248,491

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $2,665,000 $242,273 $2,451 3.20%
    40-60% 35 $7,285,000 $208,143 $2,203 2.89%
    60-80% 46 $13,010,000 $282,826 $2,495 3.39%
    80-100% 13 $3,805,000 $292,692 $3,178 3.05%
    Under 20% 4 $890,000 $222,500 $2,491 3.44%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Greentree & Associates Conventional home mortgage Trouble during payment process 2 66.7%
    Greentree & Associates FHA mortgage Struggling to pay mortgage 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Grand Valley Bank 109 Main Street Collbran, CO 81624 Full Service B&M $33,094
    Grand Valley Bank 121 West Main Vernal, UT 84078 Full Service B&M $28,648
    Grand Valley Bank 1225 Deer Valley Drive Park City, UT 84060 Full Service B&M $50,712
    Grand Valley Bank 2 South Main Street Heber City, UT 84032 Full Service B&M $37,697
    Grand Valley Bank 452 South Maple Fruita, CO 81521 Full Service B&M $53,154
    Grand Valley Bank 570 25 Road Grand Junction, CO 81505 Full Service B&M $51,519
    Grand Valley Bank 600 W 8th St Palisade, CO 81526 Full Service B&M $40,334
    Grand Valley Bank 92 W Main St Midway, UT 84049 Full Service B&M $19,132
    Grand Valley Bank 925 North 7th Street Grand Junction, CO 81501 Full Service B&M $115,107

    For 2020, Grand Valley Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,291
    Net interest income $15,642
    Total noninterest income $1,716
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $469
    Trading account gains and fees $0
    Additional Noninterest Income $1,247
    Pre-tax net operating income $6,103
    Securities gains (or losses, -) $71
    Income before extraordinary items $5,112
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,112
    Minority interest net income $0
    Net income $5,112
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,053

    Grand Valley Bank's gross interest income from loans was $17,291,000.
    Grand Valley Bank's net interest income from loans was $15,642,000.
    Grand Valley Bank's fee based income from loans was $469,000.
    Grand Valley Bank's net income from loans was $5,112,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,649
    Provision for credit losses $540
    Total noninterest expense $10,715
    Salaries and employee benefits $7,066
    Premises and equipment expense $853
    Additional noninterest expense $2,796
    Applicable income taxes $1,062
    Net charge-offs $222
    Cash dividends $1,440

    Grand Valley Bank's interest expense for loans was $1,649,000.
    Grand Valley Bank's payroll and benefits expense were $7,066,000.
    Grand Valley Bank's property, plant and equipment expenses $853,000.

    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 0.0%
    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 $458,031
    Deposits held in domestic offices $458,031
    Deposits by Individuals, partnerships, and corporations $428,106
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $29,924
    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 $126,413
    Demand deposits $96,545
    Nontransaction accounts $331,617
    Money market deposit accounts (MMDAs) $120,826
    Other savings deposits (excluding MMDAs) $138,598
    Total time deposits $72,193
    Total time and savings deposits $361,485
    Noninterest-bearing deposits $164,018
    Interest-bearing deposits $294,013
    Retail deposits $443,308
    IRAs and Keogh plan accounts $10,310
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $524,139
    Cash & Balances due from depository institutions $13,951
    Interest-bearing balances $7,359
    Total securities $296,159
    Federal funds sold & reverse repurchase $0
    Net loans and leases $198,084
    Loan and leases loss allowance $3,618
    Trading account assets $0
    Bank premises and fixed assets $9,573
    Other real estate owned $482
    Goodwill and other intangibles $1,475
    All other assets $4,415

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $524,139
    Total Liabilities $470,355
    Total deposits $458,031
    Interest-bearing deposits $294,013
    Deposits held in domestic offices $458,031
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $1,500
    Trading liabilities $0
    Other borrowed funds $7,500
    Subordinated debt $0
    All other liabilities $3,324

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $198,084
    Loan and leases loss allowance $3,618
    Total loans and leases (domestic) $201,702
    All real estate loans $166,261
    Real estate loans in domestic offices $166,261
    Construction and development loans $19,774
    Residential 1-4 family construction $9,134
    Other construction, all land development and other land $10,640
    Loans secured by nonfarm nonresidential properties $49,361
    Nonfarm nonresidential secured by owner-occupied properties $33,699
    Commercial real estate & other non-farm, non-residential $15,662
    Multifamily residential real estate $2,492
    1-4 family residential loans $46,033
    Farmland loans $48,601
    Loans held in foreign offices $0
    Farm loans $21,928
    Commercial and industrial loans $12,508
    To non-U.S. addressees $0
    Loans to individuals $1,610
    Credit card loans $0
    Related Plans $82
    Consumer Auto Loans $720
    Other loans to individuals $808
    All other loans & leases $30
    Loans to foreign governments and official institutions $0
    Other loans $30
    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 $198,084,000 of loans outstanding in 2020. $166,261,000 of loans were in real estate loans. $19,774,000 of loans were in development loans. $2,492,000 of loans were in multifamily mortgage loans. $46,033,000 of loans were in 1-4 family mortgage loans. $21,928,000 of loans were in farm loans. $0 of loans were in credit card loans. $720,000 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 141 $31,851 $225,894
    Nonfarm, nonresidential loans - <$100k 22 $832 $37,818
    Nonfarm, nonresidential loans - $100-250k 51 $6,546 $128,353
    Nonfarm, nonresidential loans - $250k-1MM 68 $24,473 $359,897
    Commercial & Industrial, US addressed loans - <$1MM 241 $10,349 $42,942
    Commercial & Industrial, US addressed loans - <$100k 195 $4,022 $20,626
    Commercial & Industrial, US addressed loans - $100-250k 32 $3,426 $107,063
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $2,901 $207,214
    Farmland loans - <$1MM 118 $19,544 $165,627
    Farmland loans - <$100k 39 $1,441 $36,949
    Farmland loans - $100-250k 40 $5,755 $143,875
    Farmland loans - $250k-1MM 39 $12,348 $316,615
    Agriculture operations loans - <$1MM 217 $11,274 $51,954
    Agriculture operations loans - <$100k 154 $3,579 $23,240
    Agriculture operations loans - $100-250k 44 $4,100 $93,182
    Agriculture operations loans - $250k-1MM 19 $3,595 $189,211