Colten Mortgage Rates, Fees & Info
Englewood, COLEI: 549300YBQQ97B6Y7LE69
Tax ID: 82-0758546
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Mortgage Data
Review & Overview
Colten Mortgage is a smaller mortgage company specializing in Home Purchase loans. Colten Mortgage 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: Nashville, Denver, Charlotte, Colorado Springs, and Charleston among others. We have data for 112 markets. (Some data included below & more in-depth data is available with an active subscription.)Colten Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Colten Mortgage 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.83% | 3/24/24 |
| 30 Year Conventional Refi | 6.58% | 3/24/24 |
| 30 Year Cash-out Refi | 6.96% | 3/24/24 |
| 30 Year FHA Purchase | 7.60% | 3/24/24 |
| 30 Year FHA Refi | 7.04% | 3/24/24 |
| 30 Year VA Purchase | 6.46% | 3/24/24 |
| 30 Year USDA Purchase | 6.99% | 3/24/24 |
| 30 Year USDA Refi | 6.64% | 3/24/24 |
| 15 Year Conventional Purchase | 6.44% | 3/24/24 |
| 15 Year Conventional Refi | 6.18% | 3/24/24 |
| 15 Year Cash-out Refi | 6.18% | 3/24/24 |
| 15 Year VA Refi | 6.03% | 3/24/24 |
| 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. | ||
Colten Mortgage Mortgage Calculator
Your Estimates
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This is not an official calculator from Colten Mortgage. 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
910Origination Dollar Volume (All Markets)
$295,160,000Awards
Colten Mortgage - 2022
Colten Mortgage is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Colten Mortgage's average 30 year fixed mortgage rate was
4.67%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.09%.
Relative Fees (Closing Costs)
Colten Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,341.
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 |
|---|---|---|---|---|---|
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 201 | $72,775,000 | $362,065 | $7,225 | 5.10% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 161 | $71,835,000 | $446,180 | $7,330 | 4.39% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 110 | $37,810,000 | $343,727 | $8,889 | 4.71% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 67 | $20,795,000 | $310,373 | $6,721 | 4.77% |
| Outside of Metro Areas | 48 | $10,290,000 | $214,375 | $6,484 | 4.50% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 27 | $8,405,000 | $311,296 | $9,780 | 4.04% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 25 | $6,635,000 | $265,400 | $5,715 | 5.13% |
| FORT COLLINS, CO (FHA|USDA|VA) | 16 | $5,960,000 | $372,500 | $6,336 | 4.46% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 17 | $3,695,000 | $217,353 | $5,713 | 5.28% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 9 | $2,865,000 | $318,333 | $7,794 | 3.96% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 10 | $2,360,000 | $236,000 | $6,822 | 3.99% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 9 | $2,255,000 | $250,556 | $7,781 | 4.97% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $2,050,000 | $256,250 | $9,534 | 4.31% |
| Shelbyville, TN (FHA|USDA|VA) | 7 | $1,735,000 | $247,857 | $8,430 | 4.95% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $1,535,000 | $511,667 | $7,358 | 4.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $1,480,000 | $370,000 | $7,553 | 6.59% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 7 | $1,405,000 | $200,714 | $7,477 | 4.55% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $1,400,000 | $350,000 | $8,985 | 4.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $5,608 | 4.43% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $5,356 | 3.84% |
| Breckenridge, CO (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $9,208 | 4.17% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 5 | $1,105,000 | $221,000 | $4,422 | 4.08% |
| Crawfordsville, IN (FHA|USDA|VA) | 7 | $1,095,000 | $156,429 | $4,992 | 4.54% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $4,939 | 5.25% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $7,085 | 5.34% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $7,269 | 3.95% |
| Lewisburg, TN (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $9,014 | 5.04% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $3,264 | 4.81% |
| BOISE CITY, ID (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $5,197 | 4.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $4,883 | 4.58% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $6,537 | 4.67% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $9,782 | 5.17% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $5,547 | 4.85% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $8,858 | 4.00% |
| DECATUR, AL (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $6,087 | 4.78% |
| SUMTER, SC (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $9,215 | 4.63% |
| MOBILE, AL (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $4,724 | 4.15% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $6,131 | 4.13% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $8,070 | 3.67% |
| Lawrenceburg, TN (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $5,932 | 5.13% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $7,155 | 4.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $13,643 | 4.75% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,711 | 3.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $9,255 | 5.56% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $8,806 | 4.13% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $6,691 | 4.04% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,106 | 3.75% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $11,070 | 6.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $6,642 | 3.63% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,987 | 4.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $10,745 | 3.63% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,719 | 4.88% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $7,162 | 5.94% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $8,431 | 4.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,379 | 3.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $10,155 | 4.13% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,945 | 3.69% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,578 | 5.50% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $18,500 | 5.63% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $8,711 | 4.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,939 | 4.50% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,469 | 4.25% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,087 | 4.00% |
| Sanford, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $15,735 | 4.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,014 | 4.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,346 | 3.50% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,254 | 5.63% |
| Celina, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $13,819 | 5.50% |
| DALTON, GA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,879 | 4.69% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,118 | 4.38% |
| Ottawa, IL (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $3,909 | 3.75% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,114 | 3.50% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,782 | 4.13% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,386 | 3.75% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,535 | 6.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,634 | 3.75% |
| Albertville, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,348 | 4.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $6,228 | 5.13% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,909 | 5.13% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,243 | 3.88% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,908 | 4.13% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,659 | 5.50% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,880 | 2.88% |
| Seneca, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,777 | 5.38% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,692 | 4.00% |
| Bedford, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,963 | 6.50% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,145 | 3.63% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,554 | 3.38% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,843 | 4.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,521 | 2.75% |
| RACINE, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,816 | 6.13% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,090 | 3.88% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,927 | 3.25% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,099 | 3.88% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,684 | 3.75% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,412 | 3.25% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,518 | 4.25% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,887 | 4.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,929 | 2.75% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,908 | 3.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,077 | 3.63% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,983 | 3.13% |
| WACO, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,637 | 3.38% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,968 | 3.63% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,358 | 2.38% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,040 | 3.38% |
| ENID, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,061 | 3.63% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,839 | 3.38% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,766 | 3.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $8,175 | 8.99% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,168 | 3.50% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,022 | 4.13% |
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Product Mix
For 2022, Colten Mortgage's most frequently originated type of loan was Conventional, with 671 originations. Their 2nd most popular type was FHA, with 163 originations.
Loan Reason
For 2022, Colten Mortgage's most frequently cited loan purpose was Home Purchase, with 717 originations. The 2nd most popular reason was Cash Out Refi, with 102 originations.
Loan Duration/Length
For 2022, Colten Mortgage's most frequently cited loan duration was 30 Year, with 850 originations. The 2nd most popular length was 15 Year, with 33 originations.
Origination Fees/Closing Costs
Colten Mortgage's average total fees were $7,341, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 387 originations.
Interest Rates
During 2022, Colten Mortgage's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 5-6%, with 272 originations.
Loan Sizing
2022 saw Colten Mortgage place emphasis on $200k-400k loans with 465 originations, totaling $139,365,000 in origination value.
Applicant Income
Colten Mortgage lent most frequently to those with incomes in the $50k-75k range, with 228 originations. The second most popular income band? $100k-150k, with 202 originations.
Applicant Debt to Income Ratio
Colten Mortgage lent most frequently to those with DTI ratios of 30-36%, with 165 originations. The next most common DTI ratio? 20-30%, with 118 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.28%
Colten Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination-0.88%
Colten Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 910 | $295,160,000 | $324,352 |