Anb Bank Mortgage Rates, Fees & Info

Denver, CO

LEI: 549300UHQ3UXVA4AGM53

Tax ID: 84-0532189

5 stars - Updated: 3/29/24 - out of 5 stars, based on 22 reviews

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

Jump to:

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.

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.


Originations

495

Origination Dollar Volume (All Markets)

$314,905,000

Awards

ANB Bank 30 Year Conventional Loans gold ANB Bank 30 Year Conventional Loans bronze ANB Bank 30 Year Conventional Loans gold ANB Bank 30 Year Conventional Loans silver
Show all (4) awards

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%
Anb Bank's top markets include Denver, Glenwood Springs, Boulder, Fort Collins, and Edwards among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • 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.

    CENTENNIAL LENDING, LLC
    Similarity Rank: 126
    Blue Federal Credit Union
    Similarity Rank: 255
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 300
    Jonah Bank of Wyoming
    Similarity Rank: 507
    Shea Mortgage Inc.
    Similarity Rank: 589
    ANB Bank
    Similarity Rank: 620
    West Gate Bank
    Similarity Rank: 840
    HOME MORTGAGE ALLIANCE, LLC
    Similarity Rank: 942
    Colonial Savings, F.A.
    Similarity Rank: 1008
    ON TAP
    Similarity Rank: 1140

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 348 $268,480,000 $771,494 $3,582 6.30%
    Refi 62 $26,650,000 $429,839 $4,999 6.61%
    Home Improvement 48 $16,880,000 $351,667 $516 7.18%
    Other 37 $2,895,000 $78,243 $552 6.91%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 176 $28,100,000 $159,659 $580 6.31%
    30 Year 166 $105,060,000 $632,892 $5,518 6.31%
    15 Year 107 $17,385,000 $162,477 $1,175 6.77%
    Other 22 $159,610,000 $7,255,000 $366 6.44%
    5 Year 15 $605,000 $40,333 $253 7.06%
    1 Year 8 $3,800,000 $475,000 $5,968 8.25%
    20 Year 1 $345,000 $345,000 $0 7.15%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 238 $37,440,000 $157,311
    $5k+ 29 $48,685,000 $1,678,793
    $1k-2k 5 $1,105,000 $221,000
    $2k-3k 2 $530,000 $265,000
    $3k-4k 1 $355,000 $355,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 224 $12,140,000 $54,196 $456 6.57%
    $200k-400k 97 $26,885,000 $277,165 $1,605 6.46%
    $100k-200k 84 $11,450,000 $136,310 $1,080 6.41%
    $1MM+ 41 $236,745,000 $5,774,268 $26,697 6.12%
    $400k-600k 34 $16,200,000 $476,471 $2,584 6.46%
    $600k-1MM 15 $11,485,000 $765,667 $9,871 6.44%

    2023 saw Anb Bank place emphasis on $100,000 or less loans with 224 originations, totaling $12,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 101 $8,745,000 $86,584 $722 6.56%
    $75k-100k 76 $10,340,000 $136,053 $1,029 6.36%
    $100k-150k 73 $12,655,000 $173,356 $1,433 6.60%
    $50k or less 56 $3,160,000 $56,429 $496 6.28%
    $150k-250k 54 $15,630,000 $289,444 $2,787 6.67%
    $250k+ 50 $35,170,000 $703,400 $8,532 6.48%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 57 $210,475,000 $3,692,544 $12,418 6.42%
    White 406 $94,460,000 $232,660 $2,833 6.47%
    Not provided 13 $4,775,000 $367,308 $4,771 6.72%
    Asian 10 $4,190,000 $419,000 $5,871 6.46%
    Black 4 $460,000 $115,000 $537 6.78%
    American Indian 3 $365,000 $121,667 $1,201 6.63%
    Native Hawaiian or Islander 2 $180,000 $90,000 $210 6.00%

    Approval Rates

    Total approvals of all applications
    89.57%

    Anb Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.12%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    495 $314,905,000 $636,172

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 51 $38,575,000 $756,373 $6,449 6.63%
    40-60% 60 $156,370,000 $2,606,167 $4,207 6.23%
    60-80% 174 $94,010,000 $540,287 $4,131 6.29%
    80-100% 92 $8,580,000 $93,261 $872 6.24%
    Under 20% 118 $17,370,000 $147,203 $525 6.98%