Flatirons Bank Mortgage Rates, Fees & Info
Boulder, COLEI: 549300FAQB5JZE5SG649
Tax ID: 84-1563906
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Flatirons Bank is a smaller bank specializing in Home Purchase and Other loans. Flatirons Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boulder, Denver, San Francisco, Greeley, and Tampa among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Flatirons 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.
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Originations
20Origination Dollar Volume (All Markets)
$17,910,000Top 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 |
|---|---|---|---|---|---|
| BOULDER, CO (FHA|USDA|VA) | 9 | $8,245,000 | $916,111 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $2,960,000 | $740,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $0 | 0.00% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $1,520,000 | $760,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $0 | 0.00% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 20 | $17,910,000 | $895,500 | $0 | 0.00% |
For 2023, Flatirons Bank's most frequently originated type of loan was Conventional, with 20 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 13 | $13,295,000 | $1,022,692 | $0 | 0.00% |
| Other | 7 | $4,615,000 | $659,286 | $0 | 0.00% |
For 2023, Flatirons Bank's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Other, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 20 | $17,910,000 | $895,500 | $0 | 0.00% |
For 2023, Flatirons Bank's most frequently cited loan duration was Other, with 20 originations.
Loan Sizing
2023 saw Flatirons Bank place emphasis on $1MM+ loans with 7 originations, totaling $10,605,000 in origination value.
Applicant Income
Flatirons Bank lent most frequently to those with incomes in the $250k+ range, with 11 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% | 20 | $17,910,000 | $895,500 | $0 | 0.00% |
Flatirons Bank lent most frequently to those with DTI ratios of Exempt%, with 20 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Flatirons 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 origination75.00%
Flatirons Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 20 | $17,910,000 | $895,500 |