Firstbank Mortgage Rates, Fees & Info

Lakewood, CO

LEI: 5493009V3WNJX9V2GZ85

Tax ID: 84-0521049

5 stars - Updated: 4/5/25 - out of 5 stars, based on 59 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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)

    • Review & Overview

    Firstbank is a small bank specializing in Home Purchase loans. Firstbank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Denver, Boulder, Edwards, Phoenix, and Glenwood Springs among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Firstbank 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. Firstbank 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
    Home Equity Line of Credit (HELOC) 7.72% 4/5/25
    30 Year Conventional Purchase 6.40% 4/5/25
    30 Year Conventional Refi 6.42% 4/5/25
    30 Year Cash-out Refi 6.80% 4/5/25
    30 Year FHA Purchase 7.17% 4/5/25
    15 Year Conventional Purchase 6.28% 4/5/25
    15 Year Conventional Refi 7.26% 4/5/25
    15 Year Cash-out Refi 7.26% 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.

    Firstbank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Firstbank. 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

    3,423

    Origination Dollar Volume (All Markets)

    $1,421,515,000
    Show all (20) awards

    Relative Rate

    Firstbank's average 30 year fixed mortgage rate was 6.47%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.08%.

    Relative Fees (Closing Costs)

    Firstbank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,464.

    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
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1,786 $629,740,000 $352,598 $2,769 7.71%
    BOULDER, CO (FHA|USDA|VA) 194 $137,010,000 $706,237 $3,235 7.58%
    Edwards, CO (FHA|USDA|VA) 214 $130,460,000 $609,626 $2,819 7.42%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 259 $125,895,000 $486,081 $4,326 7.45%
    Glenwood Springs, CO (FHA|USDA|VA) 77 $80,865,000 $1,050,195 $4,610 7.10%
    FORT COLLINS, CO (FHA|USDA|VA) 261 $79,955,000 $306,341 $2,643 7.82%
    Breckenridge, CO (FHA|USDA|VA) 110 $62,200,000 $565,455 $3,894 7.27%
    GREELEY, CO (FHA|USDA|VA) 225 $55,545,000 $246,867 $2,507 7.56%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 146 $43,510,000 $298,014 $2,550 7.49%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 84 $34,910,000 $415,595 $4,197 7.59%
    Outside of Metro Areas 51 $30,425,000 $596,569 $3,845 7.09%
    Steamboat Springs, CO (FHA|USDA|VA) 4 $2,870,000 $717,500 $0 7.56%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $2,140,000 $1,070,000 $5,158 6.44%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $1,865,000 $1,865,000 $0 6.00%
    Montrose, CO (FHA|USDA|VA) 1 $1,615,000 $1,615,000 $5,684 6.00%
    TUCSON, AZ (FHA|USDA|VA) 2 $1,010,000 $505,000 $4,383 6.44%
    GRAND JUNCTION, CO (FHA|USDA|VA) 3 $855,000 $285,000 $2,905 7.96%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $305,000 $305,000 $4,796 6.13%
    Cañon City, CO (FHA|USDA|VA) 1 $285,000 $285,000 $3,393 6.38%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.50%
    Firstbank's top markets include Denver, Boulder, Edwards, Phoenix, and Glenwood Springs among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against FirstBank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Credit Union
    Similarity Rank: 180
    Water and Power Community Credit Union
    Similarity Rank: 224
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 264
    ALTURA
    Similarity Rank: 320
    Bankers Trust Company
    Similarity Rank: 380
    AIR ACADEMY
    Similarity Rank: 406
    UNIVERSAL LENDING CORPORATION
    Similarity Rank: 504
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 532
    CREDIT UNION WEST
    Similarity Rank: 648
    F&A Federal Credit Union
    Similarity Rank: 658

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,283 $1,170,895,000 $512,876 $3,006 6.94%
    HELOC 1,135 $248,985,000 $219,370 n/a 8.97%
    FHA 5 $1,635,000 $327,000 $12,526 6.40%

    For 2024, Firstbank's most frequently originated type of loan was Conventional, with 2,283 originations. Their 2nd most popular type was HELOC, with 1,135 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,464 $965,930,000 $659,788 $4,639 6.91%
    Home Improvement 818 $119,830,000 $146,491 $588 8.49%
    Refi 641 $270,195,000 $421,521 $2,358 7.77%
    Other 486 $60,950,000 $125,412 $555 8.05%
    Cash Out Refi 14 $4,610,000 $329,286 $4,546 6.33%

    For 2024, Firstbank's most frequently cited loan purpose was Home Purchase, with 1,464 originations. The 2nd most popular reason was Home Improvement, with 818 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,362 $824,460,000 $605,330 $4,464 6.47%
    10 Year 1,020 $221,090,000 $216,755 $337 8.62%
    15 Year 361 $68,595,000 $190,014 $1,470 7.34%
    5 Year 348 $58,390,000 $167,787 $139 8.30%
    Other 158 $189,590,000 $1,199,937 $2,483 8.22%
    3 Year 151 $46,145,000 $305,596 $0 9.31%
    1 Year 19 $12,285,000 $646,579 $9,732 9.14%
    20 Year 4 $960,000 $240,000 $3,224 5.84%

    For 2024, Firstbank's most frequently cited loan duration was 30 Year, with 1,362 originations. The 2nd most popular length was 10 Year, with 1,020 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,067 $308,745,000 $289,358
    $1k-2k 534 $310,330,000 $581,142
    $5k+ 94 $64,790,000 $689,255
    $2k-3k 35 $15,205,000 $434,429
    $3k-4k 29 $14,635,000 $504,655
    $4k-5k 19 $9,855,000 $518,684

    Firstbank's average total fees were $4,464, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,067 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 1,150 $251,890,000 $219,035
    Over 8% 964 $259,010,000 $268,683
    6-7% 872 $569,840,000 $653,486
    5-6% 424 $336,770,000 $794,269
    4-5% 13 $4,005,000 $308,077

    During 2024, Firstbank's average interest rate for loans was 6.47%, while their most frequently originated rate bucket for loans was 7-8%, with 1,150 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 892 $43,670,000 $48,957 $198 8.10%
    $200k-400k 799 $232,035,000 $290,407 $4,010 7.31%
    $100k-200k 677 $89,485,000 $132,179 $2,389 8.23%
    $400k-600k 471 $225,845,000 $479,501 $4,126 7.29%
    $1MM+ 293 $610,755,000 $2,084,488 $6,687 6.70%
    $600k-1MM 291 $219,725,000 $755,069 $4,562 6.88%

    2024 saw Firstbank place emphasis on $100,000 or less loans with 892 originations, totaling $43,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 728 $427,670,000 $587,459 $4,364 7.63%
    $150k-250k 674 $197,260,000 $292,671 $2,836 7.74%
    $100k-150k 604 $117,000,000 $193,709 $2,168 7.76%
    $75k-100k 301 $54,645,000 $181,545 $2,644 7.43%
    $50k-75k 298 $46,890,000 $157,349 $2,918 7.14%
    $50k or less 155 $28,415,000 $183,323 $2,194 7.06%

    Firstbank lent most frequently to those with incomes in the $250k+ range, with 728 originations. The second most popular income band? $150k-250k, with 674 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 556 $242,710,000 $436,529 $3,219 7.65%
    20-30% 462 $119,120,000 $257,835 $2,257 7.73%
    >60% 426 $256,970,000 $603,216 $4,400 7.44%
    30-36% 402 $118,960,000 $295,920 $2,846 7.40%
    <20% 214 $78,020,000 $364,579 $3,160 7.77%
    45% 103 $28,625,000 $277,913 $3,569 7.57%
    49% 94 $28,710,000 $305,426 $2,691 7.70%
    48% 94 $30,000,000 $319,149 $3,768 7.48%
    40% 93 $23,655,000 $254,355 $2,916 7.29%
    42% 93 $27,005,000 $290,376 $2,477 7.49%
    39% 84 $21,920,000 $260,952 $3,536 7.74%
    37% 81 $22,855,000 $282,160 $2,266 7.66%
    43% 75 $18,485,000 $246,467 $2,595 7.43%
    46% 73 $20,985,000 $287,466 $2,532 7.30%
    44% 71 $20,005,000 $281,761 $2,695 7.35%
    38% 70 $17,250,000 $246,429 $2,222 7.46%
    41% 70 $20,880,000 $298,286 $2,707 7.58%
    36% 69 $17,615,000 $255,290 $2,662 7.48%
    47% 65 $23,135,000 $355,923 $3,240 7.42%

    Firstbank lent most frequently to those with DTI ratios of 50-60%, with 556 originations. The next most common DTI ratio? 20-30%, with 462 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,027 $609,805,000 $300,841 $2,772 7.65%
    Not applicable 656 $545,090,000 $830,930 $4,010 7.74%
    Not provided 494 $181,090,000 $366,579 $3,104 7.63%
    Asian 129 $48,115,000 $372,984 $3,567 7.10%
    Black 69 $19,705,000 $285,580 $5,284 6.09%
    Asian Indian 8 $5,820,000 $727,500 $4,933 7.58%
    American Indian 21 $3,505,000 $166,905 $1,656 7.39%
    Japanese 4 $2,940,000 $735,000 $4,355 6.97%
    Other Asian 7 $2,135,000 $305,000 $2,517 6.91%
    Chinese 3 $1,205,000 $401,667 $3,490 7.92%
    Other Pacific Islander 1 $1,145,000 $1,145,000 $7,958 5.63%
    Filipino 1 $505,000 $505,000 $3,086 6.63%
    Korean 2 $440,000 $220,000 $3,236 7.81%
    Native Hawaiian or Islander 1 $15,000 $15,000 $0 9.50%

    Approval Rates

    Total approvals of all applications
    86.15%

    Firstbank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.25%

    Firstbank 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 3,423 $1,421,515,000 $415,283

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,423 $1,421,515,000 $415,283

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 566 $208,500,000 $368,375 $3,231 8.11%
    40-60% 360 $223,970,000 $622,139 $3,953 7.24%
    60-80% 829 $613,165,000 $739,644 $4,782 6.78%
    80-100% 318 $186,750,000 $587,264 $4,810 6.35%
    Over 100% 2 $41,410,000 $20,705,000 $0 6.37%
    Under 20% 1,348 $147,720,000 $109,585 $392 8.31%