Colten Mortgage Rates, Fees & Info

Englewood, CO

LEI: 549300YBQQ97B6Y7LE69

Tax ID: 82-0758546

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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. Their top markets by origination volume include: Denver, Colorado Springs, Nashville, Charlotte, and Greeley among others. We have data for 9 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% 12/25/24
    30 Year Conventional Refi 6.58% 12/25/24
    30 Year Cash-out Refi 6.96% 12/25/24
    30 Year FHA Purchase 7.60% 12/25/24
    30 Year FHA Refi 7.04% 12/25/24
    30 Year VA Purchase 6.46% 12/25/24
    30 Year USDA Purchase 6.99% 12/25/24
    30 Year USDA Refi 6.64% 12/25/24
    15 Year Conventional Purchase 6.44% 12/25/24
    15 Year Conventional Refi 6.18% 12/25/24
    15 Year Cash-out Refi 6.18% 12/25/24
    15 Year VA Refi 6.03% 12/25/24
    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

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    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

    162

    Origination Dollar Volume (All Markets)

    $52,630,000

    Awards

    Colten Mortgage 30 Year Conventional Loans bronze Colten Mortgage FHA Loans silver
    Show all (2) awards

    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) 122 $41,960,000 $343,934 $4,775 4.91%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 16 $5,090,000 $318,125 $5,924 4.69%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 12 $3,030,000 $252,500 $4,087 5.10%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $1,510,000 $251,667 $1,957 5.19%
    GREELEY, CO (FHA|USDA|VA) 2 $500,000 $250,000 $2,739 4.88%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $215,000 $215,000 $4,940 4.63%
    Cañon City, CO (FHA|USDA|VA) 1 $155,000 $155,000 $2,670 5.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $95,000 $95,000 $5,759 4.88%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $75,000 $75,000 $3,268 5.13%
    Colten Mortgage's top markets include Denver, Colorado Springs, Nashville, Charlotte, and Greeley among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Colten Mortgage based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 86
    NEIGHBORHOOD
    Similarity Rank: 200
    Whitley Mortgage Associates, Inc.
    Similarity Rank: 258
    CORNERSTONE MORTGAGE PROVIDERS
    Similarity Rank: 291
    Belmont Savings Bank, SSB
    Similarity Rank: 390
    KELLEY MORTGAGE, LLC
    Similarity Rank: 412
    TEXANS
    Similarity Rank: 416
    Priority Bank
    Similarity Rank: 456
    REV FEDERAL CREDIT UNION
    Similarity Rank: 472
    Guaranty Bank and Trust Co
    Similarity Rank: 493

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 99 $31,945,000 $322,677 $3,189 4.98%
    FHA 45 $14,615,000 $324,778 $7,730 4.86%
    VA 18 $6,070,000 $337,222 $5,411 4.64%

    For 2018, Colten Mortgage's most frequently originated type of loan was Conventional, with 99 originations. Their 2nd most popular type was FHA, with 45 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 144 $48,350,000 $335,764 $4,627 4.91%
    Refi 14 $3,450,000 $246,429 $5,443 4.71%
    Cash Out Refi 4 $830,000 $207,500 $5,059 5.65%

    For 2018, Colten Mortgage's most frequently cited loan purpose was Home Purchase, with 144 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 157 $51,445,000 $327,675 $4,762 4.92%
    15 Year 4 $780,000 $195,000 $2,967 4.55%
    20 Year 1 $405,000 $405,000 $3,395 4.50%

    For 2018, Colten Mortgage's most frequently cited loan duration was 30 Year, with 157 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 84 $28,070,000 $334,167
    $1k-2k 41 $12,775,000 $311,585
    $3k-4k 10 $3,100,000 $310,000
    $2k-3k 8 $2,000,000 $250,000
    $5k+ 8 $2,790,000 $348,750
    $4k-5k 6 $2,100,000 $350,000

    Colten Mortgage's average total fees were $4,762, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 84 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 108 $36,080,000 $334,074
    5-6% 53 $16,385,000 $309,151
    6-7% 1 $165,000 $165,000

    During 2018, Colten Mortgage's average interest rate for loans was 4.92%, while their most frequently originated rate bucket for loans was 4-5%, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 105 $32,445,000 $309,000 $4,388 4.88%
    $400k-600k 35 $16,185,000 $462,429 $6,199 4.90%
    $100k-200k 18 $2,890,000 $160,556 $3,632 5.11%
    $100,000 or less 3 $225,000 $75,000 $4,243 5.04%
    $600k-1MM 1 $885,000 $885,000 $0 4.63%

    2018 saw Colten Mortgage place emphasis on $200k-400k loans with 105 originations, totaling $32,445,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 43 $15,975,000 $371,512 $6,057 4.88%
    $75k-100k 40 $12,670,000 $316,750 $4,478 4.96%
    $50k-75k 33 $9,575,000 $290,152 $4,269 4.89%
    $150k-250k 21 $8,665,000 $412,619 $3,715 4.95%
    $50k or less 21 $4,445,000 $211,667 $4,350 4.86%
    $250k+ 4 $1,300,000 $325,000 $3,231 5.06%

    Colten Mortgage lent most frequently to those with incomes in the $100k-150k range, with 43 originations. The second most popular income band? $75k-100k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 25 $7,365,000 $294,600 $3,558 5.05%
    20-30% 21 $5,845,000 $278,333 $3,226 4.93%
    50-60% 20 $7,210,000 $360,500 $7,327 4.74%
    43% 10 $3,230,000 $323,000 $3,660 4.85%
    42% 9 $2,455,000 $272,778 $4,458 5.00%
    44% 9 $3,255,000 $361,667 $5,180 4.88%
    46% 8 $3,070,000 $383,750 $6,864 4.91%
    40% 8 $2,920,000 $365,000 $4,621 5.01%
    41% 7 $2,285,000 $326,429 $4,402 5.04%
    36% 6 $2,220,000 $370,000 $6,962 4.83%
    49% 6 $2,300,000 $383,333 $3,538 5.13%
    39% 5 $1,625,000 $325,000 $3,287 4.98%
    37% 5 $1,455,000 $291,000 $4,910 4.95%
    45% 5 $1,595,000 $319,000 $4,957 4.80%
    >60% 4 $1,320,000 $330,000 $5,619 4.91%
    47% 4 $1,020,000 $255,000 $5,123 4.94%
    48% 4 $1,520,000 $380,000 $4,824 4.71%
    <20% 4 $1,240,000 $310,000 $4,509 4.56%
    38% 1 $345,000 $345,000 $3,313 4.88%

    Colten Mortgage lent most frequently to those with DTI ratios of 30-36%, with 25 originations. The next most common DTI ratio? 20-30%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 118 $38,610,000 $327,203 $5,012 4.92%
    Not provided 32 $10,210,000 $319,063 $3,999 4.92%
    Asian 6 $1,840,000 $306,667 $3,081 4.74%
    Black 4 $1,230,000 $307,500 $2,301 4.91%
    American Indian 2 $740,000 $370,000 $6,907 5.00%

    Approval Rates

    Total approvals of all applications
    96.52%

    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
    64.20%

    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
    4737.53 1 $365,000 $365,000
    NA 161 $52,265,000 $324,627

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $135,000 $135,000
    Single Family (1-4 Units):Site-Built 161 $52,495,000 $326,056

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $520,000 $130,000 $2,188 4.78%
    40-60% 14 $3,540,000 $252,857 $5,366 4.78%
    60-80% 41 $13,285,000 $324,024 $3,519 4.92%
    80-100% 102 $35,230,000 $345,392 $5,222 4.93%
    Under 20% 1 $55,000 $55,000 $3,702 5.13%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Colten Mortgage, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Colten Mortgage, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%