Bank Of Colorado Mortgage Rates, Fees & Info

Fort Collins, CO

LEI: 549300R0DP2GXAIMGB41

Tax ID: 84-0205240

5 stars - Updated: 4/5/25 - out of 5 stars, based on 36 reviews

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

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Mortgage Data

Review & Overview

Bank Of Colorado is a smaller bank specializing in Home Purchase loans. Bank Of Colorado has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Denver, Fort Collins, Greeley, Grand Junction, and Durango among others. We have data for 55 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bank Of Colorado 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. Bank Of Colorado is typically an average 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) 6.72% 4/5/25
30 Year Conventional Purchase 6.97% 4/5/25
30 Year Conventional Refi 6.70% 4/5/25
30 Year Cash-out Refi 7.19% 4/5/25
30 Year FHA Purchase 7.37% 4/5/25
30 Year FHA Refi 6.87% 4/5/25
30 Year VA Purchase 6.19% 4/5/25
30 Year VA Refi 5.74% 4/5/25
30 Year USDA Purchase 6.81% 4/5/25
15 Year Conventional Purchase 6.13% 4/5/25
15 Year Conventional Refi 6.39% 4/5/25
15 Year Cash-out Refi 6.39% 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.

Bank Of Colorado Mortgage Calculator






Your Estimates

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

This is not an official calculator from Bank Of Colorado. 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

1,302

Origination Dollar Volume (All Markets)

$514,010,000

Awards

Bank of Colorado 30 Year Conventional Loans gold Bank of Colorado VA Loans silver Bank of Colorado 30 Year Conventional Loans bronze Bank of Colorado VA Loans bronze
Show all (4) awards

Relative Rate

Bank Of Colorado's average 30 year fixed mortgage rate was 6.72%.

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

This yields a difference of 0.17%.

Relative Fees (Closing Costs)

Bank Of Colorado's average total fees/closing costs for a 30 year fixed rate mortgage were $7,323.

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) 119 $95,055,000 $798,782 $10,317 7.47%
FORT COLLINS, CO (FHA|USDA|VA) 206 $92,780,000 $450,388 $7,457 7.44%
Outside of Metro Areas 191 $66,455,000 $347,932 $5,861 7.48%
GREELEY, CO (FHA|USDA|VA) 155 $47,195,000 $304,484 $7,443 7.44%
GRAND JUNCTION, CO (FHA|USDA|VA) 75 $31,635,000 $421,800 $5,592 7.72%
Durango, CO (FHA|USDA|VA) 78 $27,340,000 $350,513 $5,040 7.82%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 38 $25,440,000 $669,474 $7,398 7.38%
Fort Morgan, CO (FHA|USDA|VA) 76 $19,280,000 $253,684 $7,706 7.39%
Sterling, CO (FHA|USDA|VA) 86 $14,630,000 $170,116 $5,048 7.35%
Glenwood Springs, CO (FHA|USDA|VA) 52 $14,550,000 $279,808 $6,894 7.84%
BOULDER, CO (FHA|USDA|VA) 23 $12,495,000 $543,261 $6,558 7.25%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 16 $10,400,000 $650,000 $7,139 7.56%
Montrose, CO (FHA|USDA|VA) 37 $8,865,000 $239,595 $7,132 7.72%
Edwards, CO (FHA|USDA|VA) 12 $8,030,000 $669,167 $11,496 8.14%
COLORADO SPRINGS, CO (FHA|USDA|VA) 26 $7,530,000 $289,615 $6,910 7.94%
Craig, CO (FHA|USDA|VA) 32 $5,360,000 $167,500 $5,158 7.28%
Traverse City, MI (FHA|USDA|VA) 1 $3,435,000 $3,435,000 $0 8.00%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 2 $3,080,000 $1,540,000 $10,842 7.00%
Gallup, NM (FHA|USDA|VA) 26 $3,040,000 $116,923 $3,997 7.91%
FARMINGTON, NM (FHA|USDA|VA) 4 $2,530,000 $632,500 $5,420 7.26%
CHEYENNE, WY (FHA|USDA|VA) 5 $2,035,000 $407,000 $5,639 6.90%
FLAGSTAFF, AZ (FHA|USDA|VA) 3 $1,635,000 $545,000 $4,046 7.71%
Laramie, WY (FHA|USDA|VA) 2 $800,000 $400,000 $5,261 6.63%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $755,000 $755,000 $13,608 6.63%
Breckenridge, CO (FHA|USDA|VA) 2 $700,000 $350,000 $6,588 7.81%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $565,000 $565,000 $0 7.10%
PROVO-OREM, UT (FHA|USDA|VA) 2 $530,000 $265,000 $14,398 6.69%
LAS CRUCES, NM (FHA|USDA|VA) 1 $515,000 $515,000 $4,841 6.63%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $505,000 $505,000 $7,064 7.50%
COLUMBIA, MO (FHA|USDA|VA) 1 $465,000 $465,000 $5,855 6.13%
SANTA FE, NM (FHA|USDA|VA) 1 $425,000 $425,000 $12,473 6.63%
CaƱon City, CO (FHA|USDA|VA) 2 $420,000 $210,000 $2,594 8.06%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $385,000 $385,000 $5,561 6.88%
Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $365,000 $365,000 $14,761 6.13%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $355,000 $355,000 $17,221 6.00%
Grand Rapids, MN (FHA|USDA|VA) 1 $335,000 $335,000 $9,399 7.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $325,000 $325,000 $5,841 6.75%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $325,000 $325,000 $2,887 7.50%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $325,000 $325,000 $5,727 7.13%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $325,000 $325,000 $16,914 4.88%
LUBBOCK, TX (FHA|USDA|VA) 1 $315,000 $315,000 $10,794 6.63%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $305,000 $305,000 $4,345 6.50%
Sheridan, WY (FHA|USDA|VA) 1 $275,000 $275,000 $0 7.13%
Fergus Falls, MN (FHA|USDA|VA) 1 $265,000 $265,000 $4,736 5.63%
ERIE, PA (FHA|USDA|VA) 3 $235,000 $78,333 $0 6.88%
Cadillac, MI (FHA|USDA|VA) 1 $205,000 $205,000 $3,746 6.88%
PUEBLO, CO (FHA|USDA|VA) 1 $205,000 $205,000 $4,394 6.50%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,500 6.38%
MANHATTAN, KS (FHA|USDA|VA) 1 $155,000 $155,000 $3,712 7.38%
Steamboat Springs, CO (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.24%
LAWRENCE, KS (FHA|USDA|VA) 1 $145,000 $145,000 $3,101 7.00%
LINCOLN, NE (FHA|USDA|VA) 1 $145,000 $145,000 $2,041 6.88%
CASPER, WY (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.35%
WICHITA, KS (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.74%
EL PASO, TX (FHA|USDA|VA) 1 $45,000 $45,000 $1,971 7.05%
Bank Of Colorado's top markets include Denver, Fort Collins, Greeley, Grand Junction, and Durango among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Similar Lenders

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 850 $413,190,000 $486,106 $6,063 7.13%
    HELOC 357 $68,555,000 $192,031 n/a 8.71%
    FHA 80 $25,830,000 $322,875 $12,496 6.42%
    VA 11 $5,295,000 $481,364 $6,150 5.98%
    USDA 4 $1,140,000 $285,000 $8,159 6.28%

    For 2024, Bank Of Colorado's most frequently originated type of loan was Conventional, with 850 originations. Their 2nd most popular type was HELOC, with 357 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 700 $375,270,000 $536,100 $8,188 7.09%
    Home Improvement 254 $42,160,000 $165,984 $2,489 8.40%
    Refi 184 $61,660,000 $335,109 $4,243 7.49%
    Other 134 $25,870,000 $193,060 $3,074 8.14%
    Cash Out Refi 30 $9,050,000 $301,667 $6,218 6.86%

    For 2024, Bank Of Colorado's most frequently cited loan purpose was Home Purchase, with 700 originations. The 2nd most popular reason was Home Improvement, with 254 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 559 $241,775,000 $432,513 $7,323 6.72%
    Other 244 $64,190,000 $263,074 $2,788 8.59%
    20 Year 136 $22,780,000 $167,500 $1,864 8.60%
    10 Year 97 $33,945,000 $349,948 $1,226 7.44%
    15 Year 95 $11,805,000 $124,263 $1,695 7.29%
    30+ year 73 $70,615,000 $967,329 $11,606 7.42%
    1 Year 64 $37,580,000 $587,188 $0 8.41%
    5 Year 27 $14,425,000 $534,259 $346 7.42%
    3 Year 7 $16,895,000 $2,413,571 $0 7.95%

    For 2024, Bank Of Colorado's most frequently cited loan duration was 30 Year, with 559 originations. The 2nd most popular length was Other, with 244 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 222 $174,550,000 $786,261
    $1k-2k 190 $67,930,000 $357,526
    $<1k 112 $22,480,000 $200,714
    $3k-4k 92 $27,920,000 $303,478
    $4k-5k 80 $30,480,000 $381,000
    $2k-3k 67 $21,205,000 $316,493

    Bank Of Colorado's average total fees were $7,323, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 222 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 449 $223,185,000 $497,071
    7-8% 386 $177,460,000 $459,741
    Over 8% 386 $81,130,000 $210,181
    5-6% 80 $31,910,000 $398,875
    4-5% 1 $325,000 $325,000

    During 2024, Bank Of Colorado's average interest rate for loans was 6.72%, while their most frequently originated rate bucket for loans was 6-7%, with 449 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 370 $107,170,000 $289,649 $7,011 7.24%
    $100,000 or less 267 $15,045,000 $56,348 $1,331 8.15%
    $100k-200k 242 $34,250,000 $141,529 $3,953 7.74%
    $400k-600k 221 $106,505,000 $481,923 $8,283 7.14%
    $600k-1MM 116 $86,490,000 $745,603 $8,280 7.21%
    $1MM+ 86 $164,550,000 $1,913,372 $14,860 7.31%

    2024 saw Bank Of Colorado place emphasis on $200k-400k loans with 370 originations, totaling $107,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 284 $186,390,000 $656,303 $9,220 7.68%
    $150k-250k 258 $94,910,000 $367,868 $6,620 7.61%
    $100k-150k 248 $64,800,000 $261,290 $6,817 7.48%
    $50k-75k 146 $25,410,000 $174,041 $5,946 7.32%
    $75k-100k 141 $31,585,000 $224,007 $6,148 7.37%
    $50k or less 71 $7,445,000 $104,859 $3,311 7.33%

    Bank Of Colorado lent most frequently to those with incomes in the $250k+ range, with 284 originations. The second most popular income band? $150k-250k, with 258 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 233 $78,115,000 $335,258 $5,865 7.66%
    30-36% 198 $61,320,000 $309,697 $5,710 7.67%
    <20% 120 $32,350,000 $269,583 $4,201 7.69%
    50-60% 53 $26,105,000 $492,547 $12,846 7.37%
    36% 48 $13,910,000 $289,792 $5,939 7.77%
    41% 47 $14,755,000 $313,936 $5,774 7.71%
    38% 45 $15,445,000 $343,222 $7,387 7.54%
    40% 45 $15,405,000 $342,333 $6,653 7.38%
    49% 37 $14,425,000 $389,865 $9,870 6.81%
    43% 36 $14,980,000 $416,111 $6,975 6.87%
    39% 33 $9,675,000 $293,182 $6,923 7.64%
    47% 31 $11,855,000 $382,419 $7,814 7.00%
    44% 29 $10,495,000 $361,897 $6,558 6.93%
    42% 28 $12,640,000 $451,429 $8,460 7.15%
    37% 28 $14,260,000 $509,286 $5,597 7.47%
    46% 28 $11,440,000 $408,571 $7,304 6.97%
    48% 28 $11,270,000 $402,500 $7,632 6.90%
    >60% 25 $16,545,000 $661,800 $7,561 8.10%
    45% 20 $14,820,000 $741,000 $8,889 7.03%

    Bank Of Colorado lent most frequently to those with DTI ratios of 20-30%, with 233 originations. The next most common DTI ratio? 30-36%, with 198 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,029 $360,795,000 $350,627 $6,701 7.50%
    Not applicable 116 $90,980,000 $784,310 $9,618 7.53%
    Not provided 127 $49,155,000 $387,047 $6,754 7.54%
    Asian 10 $5,030,000 $503,000 $11,910 6.65%
    American Indian 11 $4,665,000 $424,091 $6,354 8.12%
    Other Asian 4 $2,030,000 $507,500 $7,056 6.81%
    Black 3 $765,000 $255,000 $3,459 7.63%
    Filipino 1 $385,000 $385,000 $5,561 6.88%
    1 $205,000 $205,000 $0 8.99%

    Approval Rates

    Total approvals of all applications
    87.67%

    Bank Of Colorado has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.51%

    Bank Of Colorado has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $25,000 $25,000
    NA 1,301 $513,985,000 $395,069

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,302 $514,010,000 $394,785

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 226 $77,350,000 $342,257 $3,811 7.92%
    40-60% 190 $105,950,000 $557,632 $6,263 7.37%
    60-80% 308 $191,930,000 $623,149 $8,130 7.12%
    80-100% 257 $101,015,000 $393,054 $8,581 6.71%
    Over 100% 1 $405,000 $405,000 $14,038 6.50%
    Under 20% 319 $36,455,000 $114,279 $1,783 8.31%