Bank Of Colorado Mortgage Rates, Fees & Info
Fort Collins, COLEI: 549300R0DP2GXAIMGB41
Tax ID: 84-0205240
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 9/1/24 |
| 30 Year Conventional Purchase | 6.59% | 9/1/24 |
| 30 Year Conventional Refi | 6.58% | 9/1/24 |
| 30 Year Cash-out Refi | 6.40% | 9/1/24 |
| 30 Year FHA Purchase | 7.43% | 9/1/24 |
| 30 Year FHA Refi | 7.16% | 9/1/24 |
| 30 Year VA Purchase | 6.01% | 9/1/24 |
| 30 Year VA Refi | 6.27% | 9/1/24 |
| 30 Year USDA Purchase | 6.72% | 9/1/24 |
| 15 Year Conventional Purchase | 6.11% | 9/1/24 |
| 15 Year Conventional Refi | 6.28% | 9/1/24 |
| 15 Year Cash-out Refi | 6.28% | 9/1/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,364Origination Dollar Volume (All Markets)
$988,720,000Awards
Bank of Colorado - 2022
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For 2022, less than of lenders were eligible for this award.
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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% |
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Product Mix
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
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
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
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
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
2022 saw Bank Of Colorado place emphasis on $200k-400k loans with 713 originations, totaling $207,395,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications89.58%
Bank Of Colorado has an average approval rate.
Pick Rate
Approvals leading to origination75.34%
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 |
LTV Distribution
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% |