Bank Of Colorado Mortgage Rates, Fees & Info

Fort Collins, CO

LEI: 549300R0DP2GXAIMGB41

Tax ID: 84-0205240

5 stars - Updated: 5/27/24 - out of 5 stars, based on 38 reviews

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

Jump to:

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, Durango, and Boulder among others. We have data for 52 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 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% 5/27/24
30 Year Conventional Purchase 6.59% 5/27/24
30 Year Conventional Refi 6.58% 5/27/24
30 Year Cash-out Refi 6.40% 5/27/24
30 Year FHA Purchase 7.43% 5/27/24
30 Year FHA Refi 7.16% 5/27/24
30 Year VA Purchase 6.01% 5/27/24
30 Year VA Refi 6.27% 5/27/24
30 Year USDA Purchase 6.72% 5/27/24
15 Year Conventional Purchase 6.11% 5/27/24
15 Year Conventional Refi 6.28% 5/27/24
15 Year Cash-out Refi 6.28% 5/27/24
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.

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

1,414

Origination Dollar Volume (All Markets)

$556,190,000
Show all (11) awards

Relative Rate

Bank Of Colorado's average 30 year fixed mortgage rate was 6.53%.

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

This yields a difference of 0.05%.

Relative Fees (Closing Costs)

Bank Of Colorado's average total fees/closing costs for a 30 year fixed rate mortgage were $8,688.

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
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 144 $116,700,000 $810,417 $11,087 7.35%
FORT COLLINS, CO (FHA|USDA|VA) 238 $100,520,000 $422,353 $10,652 7.19%
GREELEY, CO (FHA|USDA|VA) 195 $66,065,000 $338,795 $9,662 6.97%
Outside of Metro Areas 201 $47,875,000 $238,184 $4,938 7.41%
Durango, CO (FHA|USDA|VA) 93 $42,175,000 $453,495 $6,331 7.51%
BOULDER, CO (FHA|USDA|VA) 33 $19,195,000 $581,667 $8,712 7.40%
Sterling, CO (FHA|USDA|VA) 87 $18,145,000 $208,563 $6,747 7.23%
GRAND JUNCTION, CO (FHA|USDA|VA) 62 $17,840,000 $287,742 $6,588 7.43%
Fort Morgan, CO (FHA|USDA|VA) 70 $16,680,000 $238,286 $6,826 7.32%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 45 $16,385,000 $364,111 $7,944 7.08%
Glenwood Springs, CO (FHA|USDA|VA) 47 $15,605,000 $332,021 $8,388 7.67%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 22 $11,490,000 $522,273 $5,835 7.32%
Edwards, CO (FHA|USDA|VA) 12 $10,840,000 $903,333 $14,239 8.26%
Montrose, CO (FHA|USDA|VA) 43 $9,315,000 $216,628 $3,569 7.53%
COLORADO SPRINGS, CO (FHA|USDA|VA) 21 $6,945,000 $330,714 $9,123 7.37%
FLAGSTAFF, AZ (FHA|USDA|VA) 6 $6,110,000 $1,018,333 $8,758 7.96%
Steamboat Springs, CO (FHA|USDA|VA) 5 $5,385,000 $1,077,000 $4,700 8.12%
Craig, CO (FHA|USDA|VA) 21 $3,965,000 $188,810 $8,391 7.49%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $3,305,000 $3,305,000 $20,875 5.95%
Gallup, NM (FHA|USDA|VA) 18 $2,980,000 $165,556 $3,407 7.20%
FARMINGTON, NM (FHA|USDA|VA) 9 $2,445,000 $271,667 $4,863 6.91%
Breckenridge, CO (FHA|USDA|VA) 3 $2,405,000 $801,667 $10,118 6.83%
Payson, AZ (FHA|USDA|VA) 2 $2,060,000 $1,030,000 $22,010 8.37%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,940,000 $485,000 $5,590 5.91%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $9,467 6.25%
Sulphur Springs, TX (FHA|USDA|VA) 1 $725,000 $725,000 $12,346 6.63%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $665,000 $665,000 $7,386 5.88%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $635,000 $211,667 $1,916 6.92%
Cañon City, CO (FHA|USDA|VA) 2 $550,000 $275,000 $6,565 6.13%
PUEBLO, CO (FHA|USDA|VA) 1 $465,000 $465,000 $0 7.75%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $455,000 $455,000 $6,494 6.88%
CHEYENNE, WY (FHA|USDA|VA) 1 $425,000 $425,000 $7,735 8.13%
Gillette, WY (FHA|USDA|VA) 1 $425,000 $425,000 $10,002 5.75%
Silver City, NM (FHA|USDA|VA) 1 $395,000 $395,000 $3,254 7.88%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $345,000 $345,000 $8,321 7.38%
Pahrump, NV (FHA|USDA|VA) 1 $345,000 $345,000 $3,998 7.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $335,000 $335,000 $12,042 7.00%
TUCSON, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $4,889 6.50%
WICHITA, KS (FHA|USDA|VA) 1 $305,000 $305,000 $4,378 5.88%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $285,000 $285,000 $6,781 6.38%
LINCOLN, NE (FHA|USDA|VA) 1 $275,000 $275,000 $12,742 6.50%
PANAMA CITY, FL (FHA|USDA|VA) 1 $265,000 $265,000 $12,228 5.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $265,000 $265,000 $5,370 7.50%
MANHATTAN, KS (FHA|USDA|VA) 1 $235,000 $235,000 $4,272 6.38%
Scottsbluff, NE (FHA|USDA|VA) 1 $215,000 $215,000 $6,250 6.88%
Riverton, WY (FHA|USDA|VA) 1 $185,000 $185,000 $0 6.50%
Borger, TX (FHA|USDA|VA) 1 $175,000 $175,000 $8,908 5.88%
Sheridan, WY (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.74%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $120,000 $60,000 $2,143 7.81%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $105,000 $105,000 $3,493 6.38%
Salina, KS (FHA|USDA|VA) 1 $95,000 $95,000 $0 8.99%
Jackson, WY-ID (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.74%
Bank Of Colorado's top markets include Denver, Fort Collins, Greeley, Durango, and Boulder among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Hawaii (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.

    COLORAMO
    Similarity Rank: 50
    ANB Bank
    Similarity Rank: 200
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 300
    Grand Valley Bank
    Similarity Rank: 351
    FC LENDING, LTD.
    Similarity Rank: 645
    East West Bank
    Similarity Rank: 666
    VeraBank
    Similarity Rank: 744
    CREDIT UNION WEST
    Similarity Rank: 814
    HOME MORTGAGE ALLIANCE, LLC
    Similarity Rank: 942
    DATCU
    Similarity Rank: 981

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 899 $430,465,000 $478,826 $6,624 7.00%
    HELOC 354 $65,750,000 $185,734 n/a 8.49%
    FHA 129 $46,015,000 $356,705 $14,326 6.30%
    VA 30 $13,520,000 $450,667 $12,146 5.94%
    USDA 2 $440,000 $220,000 $9,660 6.31%

    For 2023, Bank Of Colorado's most frequently originated type of loan was Conventional, with 899 originations. Their 2nd most popular type was HELOC, with 354 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 854 $425,220,000 $497,916 $9,464 6.88%
    Home Improvement 236 $46,470,000 $196,907 $3,195 8.32%
    Refi 159 $57,195,000 $359,717 $3,667 7.44%
    Other 136 $19,190,000 $141,103 $2,084 8.01%
    Cash Out Refi 29 $8,115,000 $279,828 $6,623 6.71%

    For 2023, Bank Of Colorado's most frequently cited loan purpose was Home Purchase, with 854 originations. The 2nd most popular reason was Home Improvement, with 236 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 647 $281,345,000 $434,845 $8,688 6.53%
    Other 270 $60,100,000 $222,593 $1,559 8.40%
    20 Year 109 $19,685,000 $180,596 $2,324 8.33%
    15 Year 105 $11,285,000 $107,476 $1,697 7.37%
    30+ year 102 $96,100,000 $942,157 $11,855 7.16%
    10 Year 78 $33,500,000 $429,487 $1,559 7.15%
    1 Year 69 $35,465,000 $513,986 $0 8.36%
    5 Year 28 $12,300,000 $439,286 $1,288 7.64%
    3 Year 6 $6,410,000 $1,068,333 $0 8.67%

    For 2023, Bank Of Colorado's most frequently cited loan duration was 30 Year, with 647 originations. The 2nd most popular length was Other, with 270 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 315 $239,325,000 $759,762
    $1k-2k 159 $46,735,000 $293,931
    $<1k 136 $23,310,000 $171,397
    $4k-5k 111 $42,525,000 $383,108
    $3k-4k 102 $32,730,000 $320,882
    $2k-3k 78 $21,530,000 $276,026

    Bank Of Colorado's average total fees were $8,688, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 315 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 493 $221,745,000 $449,787
    Over 8% 394 $103,220,000 $261,980
    7-8% 339 $123,055,000 $362,994
    5-6% 177 $94,775,000 $535,452
    4-5% 10 $8,940,000 $894,000
    3-4% 1 $4,455,000 $4,455,000

    During 2023, Bank Of Colorado's average interest rate for loans was 6.53%, while their most frequently originated rate bucket for loans was 6-7%, with 493 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 447 $129,405,000 $289,497 $7,263 7.10%
    $100,000 or less 278 $14,930,000 $53,705 $1,090 8.10%
    $400k-600k 259 $121,185,000 $467,896 $10,896 6.79%
    $100k-200k 221 $30,905,000 $139,842 $4,286 7.57%
    $600k-1MM 113 $84,095,000 $744,204 $8,238 6.81%
    $1MM+ 96 $175,670,000 $1,829,896 $18,708 7.08%

    2023 saw Bank Of Colorado place emphasis on $200k-400k loans with 447 originations, totaling $129,405,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 294 $205,410,000 $698,673 $10,645 7.38%
    $100k-150k 288 $81,350,000 $282,465 $8,759 7.24%
    $150k-250k 255 $89,535,000 $351,118 $7,122 7.35%
    $75k-100k 178 $43,010,000 $241,629 $8,445 7.06%
    $50k-75k 159 $29,275,000 $184,119 $5,852 7.20%
    $50k or less 77 $9,095,000 $118,117 $3,584 7.46%

    Bank Of Colorado lent most frequently to those with incomes in the $250k+ range, with 294 originations. The second most popular income band? $100k-150k, with 288 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 231 $75,925,000 $328,680 $5,668 7.36%
    30-36% 231 $83,985,000 $363,571 $6,928 7.42%
    <20% 122 $36,000,000 $295,082 $4,842 7.50%
    50-60% 89 $38,435,000 $431,854 $14,263 6.70%
    39% 51 $16,795,000 $329,314 $7,995 7.27%
    40% 51 $17,175,000 $336,765 $8,280 7.45%
    49% 45 $16,535,000 $367,444 $10,270 6.64%
    41% 44 $11,730,000 $266,591 $5,609 7.73%
    38% 43 $16,165,000 $375,930 $7,783 7.22%
    42% 38 $14,990,000 $394,474 $7,225 6.94%
    43% 37 $14,795,000 $399,865 $9,088 6.98%
    36% 36 $12,900,000 $358,333 $6,402 7.29%
    37% 36 $10,780,000 $299,444 $6,555 7.28%
    45% 31 $12,805,000 $413,065 $8,170 6.74%
    46% 30 $13,900,000 $463,333 $10,769 6.93%
    >60% 29 $16,275,000 $561,207 $10,389 7.88%
    47% 29 $16,315,000 $562,586 $10,674 7.03%
    44% 28 $12,890,000 $460,357 $10,044 6.93%
    48% 26 $12,270,000 $471,923 $9,136 6.94%

    Bank Of Colorado lent most frequently to those with DTI ratios of 20-30%, with 231 originations. The next most common DTI ratio? 30-36%, with 231 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,115 $395,765,000 $354,946 $7,734 7.26%
    Not applicable 114 $82,860,000 $726,842 $10,359 7.44%
    Not provided 144 $58,770,000 $408,125 $9,174 7.43%
    Asian 19 $8,535,000 $449,211 $9,874 6.72%
    Asian Indian 2 $3,960,000 $1,980,000 $34,367 7.37%
    American Indian 11 $3,335,000 $303,182 $8,034 7.46%
    Black 5 $1,765,000 $353,000 $4,907 7.07%
    Other Asian 2 $610,000 $305,000 $1,166 7.43%
    Native Hawaiian or Islander 2 $590,000 $295,000 $28,636 7.12%

    Approval Rates

    Total approvals of all applications
    86.75%

    Bank Of Colorado has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.65%

    Bank Of Colorado has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,414 $556,190,000 $393,345

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,414 $556,190,000 $393,345

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 222 $69,930,000 $315,000 $4,276 7.54%
    40-60% 199 $107,285,000 $539,121 $7,823 7.19%
    60-80% 319 $213,965,000 $670,737 $9,133 7.01%
    80-100% 320 $129,120,000 $403,500 $10,558 6.49%
    Over 100% 5 $2,025,000 $405,000 $20,499 5.95%
    Under 20% 349 $33,865,000 $97,034 $1,246 8.19%