Flatirons Bank Mortgage Rates, Fees & Info
Boulder, COLEI: 549300FAQB5JZE5SG649
Tax ID: 84-1563906
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Mortgage Data
Review & Overview
Flatirons Bank is a smaller bank specializing in Home Purchase loans. Flatirons Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boulder, Denver, Breckenridge, and Fort Collins among others. We have data for 5 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
40Origination Dollar Volume (All Markets)
$23,410,000Top 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) | 29 | $17,945,000 | $618,793 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 7 | $4,005,000 | $572,143 | $0 | 0.00% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $600,000 | $300,000 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $23,410,000 | $585,250 | $0 | 0.00% |
For 2018, Flatirons Bank's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
For 2018, Flatirons Bank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 40 | $23,410,000 | $585,250 | $0 | 0.00% |
For 2018, Flatirons Bank's most frequently cited loan duration was Other, with 40 originations.
Loan Sizing
2018 saw Flatirons Bank place emphasis on $600k-1MM loans with 11 originations, totaling $8,965,000 in origination value.
Applicant Income
Flatirons Bank lent most frequently to those with incomes in the $150k-250k range, with 9 originations. The second most popular income band? $250k+, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 40 | $23,410,000 | $585,250 | $0 | 0.00% |
Flatirons Bank lent most frequently to those with DTI ratios of Exempt%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.55%
Flatirons Bank has an average approval rate.
Pick Rate
Approvals leading to origination70.00%
Flatirons 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 |
|---|---|---|---|
| Exempt | 40 | $23,410,000 | $585,250 |