North Valley Bank Mortgage Rates, Fees & Info
THORNTON, COLEI: 5493007074TOVS4FJF21
Tax ID: 84-0521087
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Mortgage Data
Review & Overview
North Valley Bank is a smaller bank specializing in Home Purchase loans. North Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Fort Morgan, Los Angeles, San Luis Obispo, and Greeley among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)North Valley Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
55Origination Dollar Volume (All Markets)
$30,565,000Top 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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 50 | $27,900,000 | $558,000 | $0 | 0.00% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 55 | $30,565,000 | $555,727 | $0 | 0.00% |
For 2023, North Valley Bank's most frequently originated type of loan was Conventional, with 55 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 44 | $24,430,000 | $555,227 | $0 | 0.00% |
| Refi | 10 | $5,800,000 | $580,000 | $0 | 0.00% |
| Other | 1 | $335,000 | $335,000 | $0 | 0.00% |
For 2023, North Valley Bank's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 55 | $30,565,000 | $555,727 | $0 | 0.00% |
For 2023, North Valley Bank's most frequently cited loan duration was Other, with 55 originations.
Loan Sizing
2023 saw North Valley Bank place emphasis on $200k-400k loans with 31 originations, totaling $9,565,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 6 | $4,620,000 | $770,000 | $0 | 0.00% |
| $100k-150k | 3 | $975,000 | $325,000 | $0 | 0.00% |
| $50k-75k | 1 | $325,000 | $325,000 | $0 | 0.00% |
North Valley Bank lent most frequently to those with incomes in the $250k+ range, with 6 originations. The second most popular income band? $100k-150k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 55 | $30,565,000 | $555,727 | $0 | 0.00% |
North Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 55 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.33%
North Valley Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.73%
North Valley Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 55 | $30,565,000 | $555,727 |