Bank Of Colorado Mortgage Rates, Fees & Info

Fort Collins, CO

LEI: 549300R0DP2GXAIMGB41

Tax ID: 84-0205240

5 stars - Updated: 9/25/23 - out of 5 stars, based on 49 reviews

Latest/2022 | 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 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: Fort Collins, Denver, Greeley, Durango, and Glenwood Springs among others. We have data for 76 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) 6.27% 9/25/23
30 Year Conventional Purchase 6.59% 9/25/23
30 Year Conventional Refi 6.58% 9/25/23
30 Year Cash-out Refi 6.40% 9/25/23
30 Year FHA Purchase 7.43% 9/25/23
30 Year FHA Refi 7.16% 9/25/23
30 Year VA Purchase 6.01% 9/25/23
30 Year VA Refi 6.27% 9/25/23
30 Year USDA Purchase 6.72% 9/25/23
15 Year Conventional Purchase 6.11% 9/25/23
15 Year Conventional Refi 6.28% 9/25/23
15 Year Cash-out Refi 6.28% 9/25/23
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

2,364

Origination Dollar Volume (All Markets)

$988,720,000
Show all (10) awards

Relative Rate

Bank Of Colorado's average 30 year fixed mortgage rate was 4.65%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.11%.

Relative Fees (Closing Costs)

Bank Of Colorado's average total fees/closing costs for a 30 year fixed rate mortgage were $6,238.

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 $4,750.

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
FORT COLLINS, CO (FHA|USDA|VA) 386 $160,210,000 $415,052 $6,317 4.66%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 261 $151,685,000 $581,169 $6,787 4.77%
GREELEY, CO (FHA|USDA|VA) 284 $130,430,000 $459,261 $5,838 4.69%
Outside of Metro Areas 280 $93,890,000 $335,321 $6,616 4.75%
Durango, CO (FHA|USDA|VA) 193 $76,345,000 $395,570 $5,463 4.75%
Glenwood Springs, CO (FHA|USDA|VA) 80 $57,080,000 $713,500 $9,474 4.51%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 86 $37,190,000 $432,442 $7,685 5.30%
GRAND JUNCTION, CO (FHA|USDA|VA) 105 $33,655,000 $320,524 $4,810 4.80%
BOULDER, CO (FHA|USDA|VA) 44 $28,670,000 $651,591 $11,665 4.73%
Fort Morgan, CO (FHA|USDA|VA) 120 $28,360,000 $236,333 $5,931 4.86%
COLORADO SPRINGS, CO (FHA|USDA|VA) 59 $27,695,000 $469,407 $5,829 4.50%
Sterling, CO (FHA|USDA|VA) 113 $22,475,000 $198,894 $4,370 4.98%
Montrose, CO (FHA|USDA|VA) 82 $19,260,000 $234,878 $5,878 4.64%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 28 $16,210,000 $578,929 $6,533 4.57%
Breckenridge, CO (FHA|USDA|VA) 9 $15,285,000 $1,698,333 $7,961 4.61%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 45 $14,045,000 $312,111 $6,534 4.71%
Steamboat Springs, CO (FHA|USDA|VA) 10 $8,830,000 $883,000 $12,084 4.50%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 4 $8,190,000 $2,047,500 $3,694 4.97%
Jackson, WY-ID (FHA|USDA|VA) 1 $7,005,000 $7,005,000 $0 3.00%
Craig, CO (FHA|USDA|VA) 38 $5,630,000 $148,158 $4,048 4.96%
Gallup, NM (FHA|USDA|VA) 35 $4,225,000 $120,714 $2,793 4.78%
FLAGSTAFF, AZ (FHA|USDA|VA) 7 $4,125,000 $589,286 $8,688 5.03%
Edwards, CO (FHA|USDA|VA) 8 $3,930,000 $491,250 $8,082 4.67%
Kapaa, HI (FHA|USDA|VA) 1 $2,185,000 $2,185,000 $0 3.50%
CHEYENNE, WY (FHA|USDA|VA) 7 $1,785,000 $255,000 $7,037 4.54%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $1,645,000 $1,645,000 $13,654 3.25%
Hilo, HI (FHA|USDA|VA) 1 $1,605,000 $1,605,000 $0 3.35%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $1,595,000 $1,595,000 $0 3.50%
Laramie, WY (FHA|USDA|VA) 4 $1,570,000 $392,500 $9,258 4.65%
Granbury, TX (FHA|USDA|VA) 3 $1,105,000 $368,333 $4,218 5.08%
LINCOLN, NE (FHA|USDA|VA) 3 $1,095,000 $365,000 $3,134 5.46%
TUCSON, AZ (FHA|USDA|VA) 2 $1,080,000 $540,000 $3,016 3.45%
FARMINGTON, NM (FHA|USDA|VA) 5 $1,045,000 $209,000 $5,561 5.45%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $915,000 $915,000 $15,357 7.13%
WICHITA, KS (FHA|USDA|VA) 5 $895,000 $179,000 $3,707 4.70%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $875,000 $875,000 $10,640 3.50%
ALBUQUERQUE, NM (FHA|USDA|VA) 3 $865,000 $288,333 $5,385 3.39%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $800,000 $400,000 $5,000 3.94%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $750,000 $187,500 $4,560 5.38%
PUEBLO, CO (FHA|USDA|VA) 3 $745,000 $248,333 $4,900 5.38%
Gillette, WY (FHA|USDA|VA) 2 $710,000 $355,000 $3,324 3.94%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $665,000 $665,000 $4,136 4.63%
Kearney, NE (FHA|USDA|VA) 2 $640,000 $320,000 $6,372 4.75%
Show Low, AZ (FHA|USDA|VA) 1 $625,000 $625,000 $12,502 4.63%
ASHEVILLE, NC (FHA|USDA|VA) 1 $625,000 $625,000 $9,492 4.88%
Alamogordo, NM (FHA|USDA|VA) 1 $615,000 $615,000 $0 5.45%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $565,000 $565,000 $0 6.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $555,000 $555,000 $11,506 6.13%
CASPER, WY (FHA|USDA|VA) 1 $545,000 $545,000 $0 4.75%
Cañon City, CO (FHA|USDA|VA) 1 $525,000 $525,000 $9,314 6.50%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $505,000 $505,000 $0 4.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $470,000 $235,000 $5,129 4.13%
AMARILLO, TX (FHA|USDA|VA) 1 $455,000 $455,000 $11,025 4.88%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $415,000 $415,000 $3,688 3.63%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $405,000 $405,000 $3,306 4.13%
Spirit Lake, IA (FHA|USDA|VA) 1 $395,000 $395,000 $0 3.45%
Natchez, MS-LA (FHA|USDA|VA) 1 $375,000 $375,000 $4,448 3.63%
Fergus Falls, MN (FHA|USDA|VA) 1 $375,000 $375,000 $3,584 3.63%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $355,000 $355,000 $3,776 5.25%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $355,000 $355,000 $4,287 3.38%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $355,000 $355,000 $5,941 5.13%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $335,000 $335,000 $5,311 4.75%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $335,000 $335,000 $3,593 5.13%
Nogales, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $0 6.50%
SANTA FE, NM (FHA|USDA|VA) 1 $285,000 $285,000 $2,837 4.65%
RAPID CITY, SD (FHA|USDA|VA) 1 $255,000 $255,000 $6,239 6.38%
MANHATTAN, KS (FHA|USDA|VA) 1 $235,000 $235,000 $5,706 5.75%
LYNCHBURG, VA (FHA|USDA|VA) 1 $225,000 $225,000 $3,483 6.13%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $205,000 $205,000 $4,877 5.75%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $185,000 $185,000 $6,962 3.50%
Vernal, UT (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.13%
Willmar, MN (FHA|USDA|VA) 1 $185,000 $185,000 $8,264 5.63%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $155,000 $155,000 $2,812 4.38%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.50%
Brenham, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.25%
LUBBOCK, TX (FHA|USDA|VA) 1 $85,000 $85,000 $4,173 5.88%
Bank Of Colorado's top markets include Fort Collins, Denver, Greeley, Durango, and Glenwood Springs among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Nebraska (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.

    Grand Valley Bank
    Similarity Rank: 196
    First Credit Union
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    COLORAMO
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    AAXY L.L.C.
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    The District Federal Credit Union
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    WESTSTAR MORTGAGE CORPORATION
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    Credence Funding Corporation
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    DENVER COMMUNITY
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    AVENTA Credit Union
    Similarity Rank: 1085
    FOOTHILLS
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,618 $842,390,000 $520,637 $5,829 4.70%
    HELOC 630 $107,430,000 $170,524 n/a 4.86%
    FHA 78 $24,340,000 $312,051 $11,457 5.08%
    VA 32 $13,290,000 $415,313 $8,616 4.35%
    USDA 6 $1,270,000 $211,667 $6,616 4.60%

    For 2022, Bank Of Colorado's most frequently originated type of loan was Conventional, with 1,618 originations. Their 2nd most popular type was HELOC, with 630 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,256 $704,920,000 $561,242 $7,306 4.84%
    Home Improvement 408 $58,380,000 $143,088 $2,305 5.00%
    Refi 369 $147,315,000 $399,228 $4,253 4.37%
    Other 215 $36,575,000 $170,116 $2,870 4.86%
    Cash Out Refi 116 $41,530,000 $358,017 $5,119 3.97%

    For 2022, Bank Of Colorado's most frequently cited loan purpose was Home Purchase, with 1,256 originations. The 2nd most popular reason was Home Improvement, with 408 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,066 $463,790,000 $435,075 $6,238 4.65%
    Other 473 $88,155,000 $186,374 $1,037 4.87%
    10 Year 218 $175,050,000 $802,982 $1,609 4.88%
    20 Year 209 $29,445,000 $140,885 $3,813 4.82%
    30+ year 164 $141,810,000 $864,695 $10,708 4.73%
    15 Year 145 $27,375,000 $188,793 $2,752 4.78%
    1 Year 50 $25,570,000 $511,400 $0 4.96%
    5 Year 30 $34,970,000 $1,165,667 $595 4.64%
    3 Year 9 $2,555,000 $283,889 $0 5.37%

    For 2022, Bank Of Colorado's most frequently cited loan duration was 30 Year, with 1,066 originations. The 2nd most popular length was Other, with 473 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 433 $151,335,000 $349,503
    $5k+ 327 $284,765,000 $870,841
    $<1k 186 $40,370,000 $217,043
    $2k-3k 163 $46,975,000 $288,190
    $3k-4k 160 $57,150,000 $357,188
    $4k-5k 126 $54,870,000 $435,476

    Bank Of Colorado's average total fees were $6,238, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 433 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 741 $313,305,000 $422,814
    5-6% 632 $229,670,000 $363,402
    4-5% 624 $323,710,000 $518,766
    6-7% 232 $66,920,000 $288,448
    2.5-3% 71 $39,905,000 $562,042
    7-8% 53 $12,515,000 $236,132
    <2.5% 6 $2,120,000 $353,333
    Over 8% 5 $575,000 $115,000

    During 2022, Bank Of Colorado's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was 3-4%, with 741 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 713 $207,395,000 $290,877 $5,649 4.83%
    $100k-200k 439 $61,965,000 $141,150 $3,698 4.75%
    $100,000 or less 431 $24,955,000 $57,900 $1,391 5.07%
    $400k-600k 381 $182,735,000 $479,619 $6,379 4.60%
    $600k-1MM 267 $198,345,000 $742,865 $7,784 4.40%
    $1MM+ 133 $313,325,000 $2,355,827 $17,616 4.48%

    2022 saw Bank Of Colorado place emphasis on $200k-400k loans with 713 originations, totaling $207,395,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 456 $167,820,000 $368,026 $5,715 4.71%
    $250k+ 453 $278,745,000 $615,331 $9,396 4.77%
    $100k-150k 435 $133,995,000 $308,034 $5,622 4.72%
    $50k-75k 292 $59,960,000 $205,342 $5,000 4.82%
    $75k-100k 285 $67,015,000 $235,140 $5,745 4.78%
    $50k or less 142 $18,840,000 $132,676 $3,877 4.87%

    Bank Of Colorado lent most frequently to those with incomes in the $150k-250k range, with 456 originations. The second most popular income band? $250k+, with 453 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 497 $150,865,000 $303,551 $5,119 4.64%
    30-36% 399 $128,605,000 $322,318 $5,547 4.84%
    <20% 278 $95,450,000 $343,345 $5,632 4.52%
    38% 81 $31,075,000 $383,642 $6,680 4.81%
    36% 75 $26,675,000 $355,667 $5,802 4.65%
    41% 65 $28,975,000 $445,769 $6,470 4.63%
    37% 64 $24,260,000 $379,063 $6,014 4.75%
    39% 64 $22,080,000 $345,000 $5,475 4.86%
    40% 64 $21,800,000 $340,625 $5,693 4.42%
    49% 57 $19,525,000 $342,544 $6,304 4.89%
    42% 56 $25,150,000 $449,107 $7,139 4.67%
    50-60% 55 $21,375,000 $388,636 $10,371 5.39%
    44% 50 $19,870,000 $397,400 $6,464 4.90%
    45% 46 $15,160,000 $329,565 $7,303 4.94%
    43% 41 $16,305,000 $397,683 $6,716 4.64%
    47% 37 $15,685,000 $423,919 $7,482 4.81%
    48% 33 $11,115,000 $336,818 $7,052 4.82%
    46% 28 $11,620,000 $415,000 $5,485 4.87%
    >60% 22 $14,580,000 $662,727 $12,826 4.99%

    Bank Of Colorado lent most frequently to those with DTI ratios of 20-30%, with 497 originations. The next most common DTI ratio? 30-36%, with 399 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,802 $629,360,000 $349,256 $5,947 4.74%
    Not applicable 233 $241,995,000 $1,038,605 $14,808 4.78%
    Not provided 266 $95,090,000 $357,481 $6,795 4.77%
    Asian 25 $11,005,000 $440,200 $7,999 4.72%
    American Indian 20 $5,830,000 $291,500 $5,402 4.70%
    Black 12 $3,110,000 $259,167 $6,161 4.75%
    Other Asian 4 $1,700,000 $425,000 $7,822 5.22%
    Asian Indian 1 $355,000 $355,000 $3,776 5.25%
    Chinese 1 $275,000 $275,000 $4,512 5.75%

    Approval Rates

    Total approvals of all applications
    89.58%

    Bank Of Colorado has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.34%

    Bank Of Colorado has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,364 $988,720,000 $418,240

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,364 $988,720,000 $418,240

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 369 $110,115,000 $298,415 $3,821 4.74%
    40-60% 383 $177,725,000 $464,034 $5,617 4.61%
    60-80% 692 $424,300,000 $613,150 $7,473 4.60%
    80-100% 412 $226,240,000 $549,126 $7,278 4.87%
    Over 100% 3 $1,035,000 $345,000 $16,676 5.00%
    Under 20% 504 $48,990,000 $97,202 $1,437 4.97%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    BANK OF NEW YORK MELLON CORPORATION, THE Reverse mortgage Struggling to pay mortgage 1 100.0%