North Valley Bank Mortgage Rates, Fees & Info

THORNTON, CO

LEI: 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

55

Origination Dollar Volume (All Markets)

$30,565,000

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
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%
North Valley Bank's top markets include Denver, Fort Morgan, Los Angeles, San Luis Obispo, and Greeley among others.

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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 31 $9,565,000 $308,548 $0 0.00%
    $400k-600k 12 $5,770,000 $480,833 $0 0.00%
    $1MM+ 5 $11,095,000 $2,219,000 $0 0.00%
    $600k-1MM 5 $3,775,000 $755,000 $0 0.00%
    $100k-200k 2 $360,000 $180,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 45 $24,645,000 $547,667 $0 0.00%
    White 7 $3,585,000 $512,143 $0 0.00%
    Asian 3 $2,335,000 $778,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.33%

    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 origination
    92.73%

    North Valley Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 55 $30,565,000 $555,727

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    55 $30,565,000 $555,727