Anb Bank Mortgage Rates, Fees & Info
Denver, COLEI: 549300UHQ3UXVA4AGM53
Tax ID: 84-0532189
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Mortgage Data
Review & Overview
Anb Bank is a smaller bank specializing in Home Purchase loans. Anb Bank has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Glenwood Springs, Boulder, Fort Collins, and Edwards among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Anb Bank 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. Anb Bank 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 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.
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Originations
495Origination Dollar Volume (All Markets)
$314,905,000Awards
ANB Bank - 2023
ANB Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Anb Bank's average 30 year fixed mortgage rate was
6.31%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.17%.
Relative Fees (Closing Costs)
Anb Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,518.
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) | 75 | $115,295,000 | $1,537,267 | $4,561 | 6.48% |
| Glenwood Springs, CO (FHA|USDA|VA) | 111 | $53,595,000 | $482,838 | $4,396 | 6.42% |
| BOULDER, CO (FHA|USDA|VA) | 20 | $50,330,000 | $2,516,500 | $5,845 | 6.16% |
| FORT COLLINS, CO (FHA|USDA|VA) | 23 | $30,785,000 | $1,338,478 | $3,764 | 6.31% |
| Outside of Metro Areas | 49 | $17,465,000 | $356,429 | $2,125 | 6.44% |
| Edwards, CO (FHA|USDA|VA) | 28 | $15,520,000 | $554,286 | $7,382 | 6.56% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 44 | $9,640,000 | $219,091 | $773 | 6.63% |
| CHEYENNE, WY (FHA|USDA|VA) | 45 | $5,615,000 | $124,778 | $1,164 | 6.53% |
| Laramie, WY (FHA|USDA|VA) | 25 | $5,455,000 | $218,200 | $1,535 | 6.53% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 28 | $4,210,000 | $150,357 | $1,265 | 6.58% |
| GREELEY, CO (FHA|USDA|VA) | 12 | $2,890,000 | $240,833 | $2,186 | 6.81% |
| CASPER, WY (FHA|USDA|VA) | 18 | $1,660,000 | $92,222 | $698 | 6.38% |
| Gillette, WY (FHA|USDA|VA) | 8 | $790,000 | $98,750 | $1,453 | 6.22% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $1,734 | 6.75% |
| Montrose, CO (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $1,808 | 6.56% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 6.75% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,125 | 6.38% |
| Riverton, WY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,595 | 5.75% |
| Sheridan, WY (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 6.31% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $385 | 6.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against ANB Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 126
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Similarity Rank: 300
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Similarity Rank: 620
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Similarity Rank: 1008
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 495 | $314,905,000 | $636,172 | $3,004 | 6.47% |
For 2023, Anb Bank's most frequently originated type of loan was Conventional, with 495 originations.
Loan Reason
For 2023, Anb Bank's most frequently cited loan purpose was Home Purchase, with 348 originations. The 2nd most popular reason was Refi, with 62 originations.
Loan Duration/Length
For 2023, Anb Bank's most frequently cited loan duration was 10 Year, with 176 originations. The 2nd most popular length was 30 Year, with 166 originations.
Origination Fees/Closing Costs
Anb Bank's average total fees were $5,518, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 238 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 225 | $71,745,000 | $318,867 |
| 5-6% | 183 | $149,865,000 | $818,934 |
| 7-8% | 69 | $9,335,000 | $135,290 |
| Over 8% | 14 | $7,870,000 | $562,143 |
| 4-5% | 4 | $76,090,000 | $19,022,500 |
During 2023, Anb Bank's average interest rate for loans was 6.31%, while their most frequently originated rate bucket for loans was 6-7%, with 225 originations.
Loan Sizing
2023 saw Anb Bank place emphasis on $100,000 or less loans with 224 originations, totaling $12,140,000 in origination value.
Applicant Income
Anb Bank lent most frequently to those with incomes in the $50k-75k range, with 101 originations. The second most popular income band? $75k-100k, with 76 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.57%
Anb Bank has an average approval rate.
Pick Rate
Approvals leading to origination72.12%
Anb Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 10.0 | 45 | $3,055,000 | $67,889 |
| 100.0 | 1 | $5,000 | $5,000 |
| 1000.0 | 1 | $55,000 | $55,000 |
| 1006.0 | 1 | $55,000 | $55,000 |
| 110.0 | 13 | $1,255,000 | $96,538 |
| 1260.0 | 3 | $275,000 | $91,667 |
| 130.0 | 2 | $70,000 | $35,000 |
| 150.0 | 1 | $85,000 | $85,000 |
| 1773.0 | 1 | $95,000 | $95,000 |
| 185.0 | 1 | $85,000 | $85,000 |
| 1888.0 | 1 | $225,000 | $225,000 |
| 197.5 | 2 | $100,000 | $50,000 |
| 2008.0 | 1 | $65,000 | $65,000 |
| 210.0 | 5 | $225,000 | $45,000 |
| 235.0 | 6 | $360,000 | $60,000 |
| 270.0 | 1 | $65,000 | $65,000 |
| 2744.0 | 1 | $135,000 | $135,000 |
| 285.0 | 1 | $115,000 | $115,000 |
| 297.5 | 1 | $45,000 | $45,000 |
| 30.0 | 1 | $35,000 | $35,000 |
| 305.0 | 3 | $275,000 | $91,667 |
| 310.0 | 13 | $1,905,000 | $146,538 |
| 335.0 | 2 | $130,000 | $65,000 |
| 360.0 | 2 | $180,000 | $90,000 |
| 385.0 | 1 | $85,000 | $85,000 |
| 410.0 | 6 | $490,000 | $81,667 |
| 425.0 | 1 | $55,000 | $55,000 |
| 485.0 | 3 | $235,000 | $78,333 |
| 510.0 | 1 | $225,000 | $225,000 |
| 581.0 | 1 | $95,000 | $95,000 |
| 700.0 | 1 | $105,000 | $105,000 |
| 705.0 | 1 | $95,000 | $95,000 |
| 710.0 | 1 | $95,000 | $95,000 |
| 769.0 | 1 | $55,000 | $55,000 |
| 810.0 | 2 | $150,000 | $75,000 |
| 825.02 | 1 | $55,000 | $55,000 |
| 85.0 | 4 | $370,000 | $92,500 |
| 860.0 | 1 | $95,000 | $95,000 |
| 885.0 | 2 | $160,000 | $80,000 |
| 907.0 | 1 | $65,000 | $65,000 |
| 960.0 | 2 | $160,000 | $80,000 |
| NA | 356 | $303,420,000 | $852,303 |