Glacier Bank Mortgage Rates, Fees & Info

Kalispell, MT

LEI: 549300ESRQ6OLBB56N04

Tax ID: 81-0251125

4.4 stars - Updated: 4/14/24 - out of 5 stars, based on 62 reviews

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

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Mortgage Data

Review & Overview

Glacier Bank is a small bank specializing in Home Purchase loans. Glacier Bank 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Kalispell, Bozeman, Missoula, Sandpoint, and Billings among others. We have data for 76 markets. (Some data included below & more in-depth data is available with an active subscription.)

Glacier 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. Glacier Bank is typically a high 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 relatively high 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) 6.27% 4/14/24
30 Year Conventional Purchase 6.50% 4/14/24
30 Year Conventional Refi 6.35% 4/14/24
30 Year Cash-out Refi 6.58% 4/14/24
30 Year FHA Purchase 7.22% 4/14/24
30 Year FHA Refi 6.27% 4/14/24
30 Year VA Purchase 6.06% 4/14/24
30 Year VA Refi 5.78% 4/14/24
30 Year USDA Purchase 6.47% 4/14/24
15 Year Conventional Purchase 6.19% 4/14/24
15 Year Conventional Refi 5.98% 4/14/24
15 Year Cash-out Refi 5.98% 4/14/24
15 Year VA Purchase 5.67% 4/14/24
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.

Glacier Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Glacier 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

3,874

Origination Dollar Volume (All Markets)

$1,381,710,000
Show all (11) awards

Relative Rate

Glacier Bank's average 30 year fixed mortgage rate was 6.69%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.21%.

Relative Fees (Closing Costs)

Glacier Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $9,039.

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 $9,089.

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
Outside of Metro Areas 908 $268,060,000 $295,220 $7,647 7.78%
Kalispell, MT (FHA|USDA|VA) 333 $132,905,000 $399,114 $9,485 7.96%
Bozeman, MT (FHA|USDA|VA) 216 $96,280,000 $445,741 $9,588 7.85%
Outside of Metro Areas 254 $89,680,000 $353,071 $11,352 7.33%
MISSOULA, MT (FHA|USDA|VA) 182 $57,900,000 $318,132 $8,194 7.90%
Sandpoint, ID (FHA|USDA|VA) 134 $53,160,000 $396,716 $11,554 7.47%
BILLINGS, MT (FHA|USDA|VA) 214 $51,460,000 $240,467 $8,582 7.96%
Helena, MT (FHA|USDA|VA) 250 $49,600,000 $198,400 $7,081 8.32%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 123 $48,955,000 $398,008 $9,053 6.88%
TUCSON, AZ (FHA|USDA|VA) 3 $37,605,000 $12,535,000 $17,173 7.46%
POCATELLO, ID (FHA|USDA|VA) 126 $35,150,000 $278,968 $7,422 7.48%
PROVO-OREM, UT (FHA|USDA|VA) 56 $31,490,000 $562,321 $16,529 7.81%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 28 $31,220,000 $1,115,000 $9,806 7.54%
GREAT FALLS, MT (FHA|USDA|VA) 13 $23,275,000 $1,790,385 $11,669 7.60%
ST. GEORGE, UT (FHA|USDA|VA) 29 $23,025,000 $793,966 $10,559 7.27%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 62 $22,420,000 $361,613 $7,960 7.54%
SALT LAKE CITY, UT (FHA|USDA|VA) 41 $22,365,000 $545,488 $10,443 7.21%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 21 $22,265,000 $1,060,238 $9,876 7.29%
BOISE CITY, ID (FHA|USDA|VA) 97 $20,945,000 $215,928 $8,314 8.28%
Heber, UT (FHA|USDA|VA) 18 $19,010,000 $1,056,111 $17,448 7.75%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 55 $18,885,000 $343,364 $10,355 7.63%
WENATCHEE, WA (FHA|USDA|VA) 30 $18,790,000 $626,333 $11,545 6.90%
GREELEY, CO (FHA|USDA|VA) 2 $17,070,000 $8,535,000 $0 6.60%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 56 $16,820,000 $300,357 $10,077 7.72%
CASPER, WY (FHA|USDA|VA) 76 $15,120,000 $198,947 $5,401 7.64%
IDAHO FALLS, ID (FHA|USDA|VA) 48 $15,010,000 $312,708 $6,044 7.45%
LOGAN, UT-ID (FHA|USDA|VA) 42 $13,820,000 $329,048 $9,656 7.48%
Durango, CO (FHA|USDA|VA) 39 $10,745,000 $275,513 $5,190 8.02%
Butte-Silver Bow, MT (FHA|USDA|VA) 66 $10,480,000 $158,788 $6,479 7.83%
Sheridan, WY (FHA|USDA|VA) 33 $10,085,000 $305,606 $8,293 7.05%
Evanston, WY (FHA|USDA|VA) 44 $10,070,000 $228,864 $5,378 6.74%
GRAND JUNCTION, CO (FHA|USDA|VA) 19 $9,535,000 $501,842 $6,654 8.22%
CARSON CITY, NV (FHA|USDA|VA) 6 $9,230,000 $1,538,333 $0 8.09%
RENO, NV (FHA|USDA|VA) 33 $8,385,000 $254,091 $12,243 8.30%
Blackfoot, ID (FHA|USDA|VA) 27 $7,535,000 $279,074 $8,639 6.97%
COLORADO SPRINGS, CO (FHA|USDA|VA) 16 $6,820,000 $426,250 $3,423 8.03%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $4,405,000 $4,405,000 $0 6.08%
Hailey, ID (FHA|USDA|VA) 26 $4,340,000 $166,923 $12,332 8.76%
Rexburg, ID (FHA|USDA|VA) 10 $4,070,000 $407,000 $7,282 6.95%
YUMA, AZ (FHA|USDA|VA) 18 $3,860,000 $214,444 $5,459 8.30%
FLAGSTAFF, AZ (FHA|USDA|VA) 7 $3,705,000 $529,286 $8,292 7.91%
PUEBLO, CO (FHA|USDA|VA) 19 $3,555,000 $187,105 $3,571 7.18%
Rock Springs, WY (FHA|USDA|VA) 13 $2,905,000 $223,462 $7,958 7.99%
Jackson, WY-ID (FHA|USDA|VA) 3 $2,545,000 $848,333 $13,471 7.33%
Cañon City, CO (FHA|USDA|VA) 14 $1,950,000 $139,286 $0 8.16%
CHEYENNE, WY (FHA|USDA|VA) 6 $1,900,000 $316,667 $6,380 7.78%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $1,835,000 $611,667 $12,029 6.50%
Laramie, WY (FHA|USDA|VA) 6 $1,420,000 $236,667 $0 7.42%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $1,095,000 $365,000 $9,085 7.38%
Gillette, WY (FHA|USDA|VA) 2 $780,000 $390,000 $10,346 8.16%
Steamboat Springs, CO (FHA|USDA|VA) 3 $755,000 $251,667 $0 8.52%
Show Low, AZ (FHA|USDA|VA) 2 $610,000 $305,000 $0 7.35%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $585,000 $585,000 $11,343 6.38%
Montrose, CO (FHA|USDA|VA) 2 $540,000 $270,000 $2,540 8.06%
Gardnerville Ranchos, NV (FHA|USDA|VA) 4 $540,000 $135,000 $0 9.18%
Craig, CO (FHA|USDA|VA) 5 $505,000 $101,000 $0 8.34%
Pullman, WA (FHA|USDA|VA) 2 $460,000 $230,000 $6,425 6.88%
FORT COLLINS, CO (FHA|USDA|VA) 2 $450,000 $225,000 $0 9.83%
TWIN FALLS, ID (FHA|USDA|VA) 3 $445,000 $148,333 $3,908 7.46%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $375,000 $375,000 $5,134 6.00%
Newport, OR (FHA|USDA|VA) 1 $355,000 $355,000 $10,381 6.50%
Riverton, WY (FHA|USDA|VA) 2 $310,000 $155,000 $5,774 7.61%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $290,000 $145,000 $0 6.35%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $265,000 $265,000 $0 6.35%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $255,000 $255,000 $5,545 7.25%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $245,000 $245,000 $0 6.35%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 6.35%
Scottsbluff, NE (FHA|USDA|VA) 1 $155,000 $155,000 $3,737 6.75%
Vernal, UT (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.65%
Payson, AZ (FHA|USDA|VA) 1 $125,000 $125,000 $4,708 6.88%
TOPEKA, KS (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.35%
FLINT, MI (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.35%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $105,000 $105,000 $6,162 7.25%
Price, UT (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.13%
Fernley, NV (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.50%
Moses Lake, WA (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.80%
Glacier Bank's top markets include Kalispell, Bozeman, Missoula, Sandpoint, and Billings among others.

Their top states include:
  • Montana (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Similar Lenders

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

    CLEARWATER Federal Credit Union
    Similarity Rank: 15
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    BEEHIVE
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    ADVANTAGE PLUS
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    SYNERGY HOME MORTGAGE, LLC
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    PREMIER MORTGAGE SERVICES, INC.
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    Cashmere Valley Bank
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    State Bank of Southern Utah
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    Cathay Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,977 $1,022,965,000 $517,433 $8,448 6.86%
    HELOC 1,699 $293,555,000 $172,781 n/a 8.92%
    FHA 126 $37,320,000 $296,190 $11,955 6.40%
    VA 57 $24,965,000 $437,982 $12,689 6.20%
    USDA 15 $2,905,000 $193,667 $6,552 5.95%

    For 2023, Glacier Bank's most frequently originated type of loan was Conventional, with 1,977 originations. Their 2nd most popular type was HELOC, with 1,699 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,166 $1,054,510,000 $486,847 $9,159 7.02%
    Home Improvement 863 $141,755,000 $164,258 $5,009 8.84%
    Other 378 $54,970,000 $145,423 $7,255 8.92%
    Refi 363 $101,695,000 $280,152 $5,769 8.35%
    Cash Out Refi 104 $28,780,000 $276,731 $6,637 6.99%

    For 2023, Glacier Bank's most frequently cited loan purpose was Home Purchase, with 2,166 originations. The 2nd most popular reason was Home Improvement, with 863 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,738 $741,620,000 $426,709 $9,039 6.69%
    15 Year 1,726 $287,270,000 $166,437 $5,180 8.83%
    10 Year 127 $86,525,000 $681,299 $904 7.40%
    Other 121 $151,875,000 $1,255,165 $0 7.66%
    5 Year 85 $79,685,000 $937,471 $0 7.33%
    1 Year 37 $15,995,000 $432,297 $0 8.18%
    20 Year 20 $8,190,000 $409,500 $6,519 7.34%
    3 Year 19 $9,905,000 $521,316 $0 7.91%
    30+ year 1 $645,000 $645,000 $13,702 5.00%

    For 2023, Glacier Bank's most frequently cited loan duration was 30 Year, with 1,738 originations. The 2nd most popular length was 15 Year, with 1,726 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 698 $442,260,000 $633,610
    $3k-4k 284 $88,720,000 $312,394
    $4k-5k 247 $83,725,000 $338,968
    $2k-3k 225 $49,435,000 $219,711
    $<1k 142 $32,700,000 $230,282
    $1k-2k 122 $27,660,000 $226,721

    Glacier Bank's average total fees were $9,039, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 698 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,700 $329,620,000 $193,894
    6-7% 1,040 $535,100,000 $514,519
    7-8% 778 $323,340,000 $415,604
    5-6% 309 $167,895,000 $543,350
    <2.5% 23 $1,305,000 $56,739
    4-5% 21 $21,895,000 $1,042,619
    3-4% 3 $2,555,000 $851,667

    During 2023, Glacier Bank's average interest rate for loans was 6.69%, while their most frequently originated rate bucket for loans was Over 8%, with 1,700 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,186 $343,850,000 $289,924 $7,475 7.36%
    $100,000 or less 874 $46,150,000 $52,803 $1,963 8.76%
    $100k-200k 843 $118,095,000 $140,089 $4,765 7.93%
    $400k-600k 520 $247,430,000 $475,827 $10,546 7.10%
    $600k-1MM 274 $203,210,000 $741,642 $12,842 7.10%
    $1MM+ 177 $422,975,000 $2,389,689 $21,718 7.09%

    2023 saw Glacier Bank place emphasis on $200k-400k loans with 1,186 originations, totaling $343,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 836 $204,050,000 $244,079 $8,534 7.88%
    $150k-250k 625 $222,225,000 $355,560 $9,891 7.78%
    $250k+ 610 $390,170,000 $639,623 $13,766 7.64%
    $75k-100k 550 $109,410,000 $198,927 $7,365 7.81%
    $50k-75k 541 $86,545,000 $159,972 $6,328 7.65%
    $50k or less 287 $31,165,000 $108,589 $4,690 7.83%

    Glacier Bank lent most frequently to those with incomes in the $100k-150k range, with 836 originations. The second most popular income band? $150k-250k, with 625 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 668 $184,730,000 $276,542 $8,677 7.98%
    30-36% 648 $184,770,000 $285,139 $8,393 7.82%
    42% 397 $117,415,000 $295,756 $10,438 8.31%
    <20% 365 $97,545,000 $267,247 $8,245 8.12%
    41% 225 $73,395,000 $326,200 $9,491 7.72%
    40% 175 $58,725,000 $335,571 $9,513 7.73%
    39% 145 $37,775,000 $260,517 $7,881 7.94%
    37% 133 $35,555,000 $267,331 $8,443 7.64%
    36% 130 $41,490,000 $319,154 $8,394 7.67%
    38% 129 $41,875,000 $324,612 $9,866 7.82%
    49% 73 $24,525,000 $335,959 $8,104 6.74%
    43% 71 $22,325,000 $314,437 $7,076 6.45%
    44% 61 $20,225,000 $331,557 $8,640 6.61%
    46% 57 $20,075,000 $352,193 $8,460 6.48%
    45% 57 $18,965,000 $332,719 $8,180 6.62%
    48% 53 $18,815,000 $355,000 $9,414 6.66%
    47% 47 $15,845,000 $337,128 $8,905 6.75%
    50-60% 44 $14,980,000 $340,455 $12,082 6.66%
    >60% 4 $1,980,000 $495,000 $8,482 7.97%

    Glacier Bank lent most frequently to those with DTI ratios of 20-30%, with 668 originations. The next most common DTI ratio? 30-36%, with 648 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,136 $917,480,000 $292,564 $8,765 7.79%
    Not applicable 296 $311,900,000 $1,053,716 $0 7.45%
    Not provided 370 $126,810,000 $342,730 $8,976 7.51%
    Asian 36 $13,220,000 $367,222 $8,728 7.32%
    Native Hawaiian or Islander 6 $4,150,000 $691,667 $28,907 8.22%
    American Indian 25 $4,145,000 $165,800 $8,704 7.98%
    Other Asian 1 $3,005,000 $3,005,000 $0 7.95%
    Black 3 $645,000 $215,000 $7,808 7.05%
    Asian Indian 1 $355,000 $355,000 $0 8.75%

    Approval Rates

    Total approvals of all applications
    84.19%

    Glacier Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    59.63%

    Glacier 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
    100.0 3 $45,000 $15,000
    NA 3,871 $1,381,665,000 $356,927

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,874 $1,381,710,000 $356,662

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 746 $181,260,000 $242,976 $6,402 8.27%
    40-60% 581 $296,805,000 $510,852 $8,449 7.47%
    60-80% 960 $574,790,000 $598,740 $10,033 7.21%
    80-100% 567 $225,525,000 $397,751 $9,273 6.59%
    Over 100% 13 $6,025,000 $463,462 $19,417 6.20%
    Under 20% 1,007 $97,305,000 $96,629 $2,746 8.66%