Alpine Bank Mortgage Rates, Fees & Info
Glenwood Springs, COLEI: OYWNLMHNBQQ7BAH3EE86
Tax ID: 84-0788527
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Mortgage Data
Review & Overview
Alpine Bank is a smaller bank specializing in Home Purchase loans. Alpine Bank 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.) Their top markets by origination volume include: Glenwood Springs, Edwards, Denver, Grand Junction, and Breckenridge among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Alpine 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. Alpine 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 10/29/24 |
| 30 Year Conventional Purchase | 6.63% | 10/29/24 |
| 30 Year Conventional Refi | 6.64% | 10/29/24 |
| 30 Year Cash-out Refi | 6.47% | 10/29/24 |
| 30 Year FHA Purchase | 7.49% | 10/29/24 |
| 30 Year VA Purchase | 5.64% | 10/29/24 |
| 15 Year Conventional Purchase | 6.82% | 10/29/24 |
| 15 Year Conventional Refi | 5.94% | 10/29/24 |
| 15 Year Cash-out Refi | 5.94% | 10/29/24 |
| 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. | ||
Alpine Bank Mortgage Calculator
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This is not an official calculator from Alpine Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,126Origination Dollar Volume (All Markets)
$453,010,000Awards
Alpine Bank - 2023
Alpine 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
Alpine Bank's average 30 year fixed mortgage rate was
7.27%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.79%.
Relative Fees (Closing Costs)
Alpine Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,429.
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 |
|---|---|---|---|---|---|
| Glenwood Springs, CO (FHA|USDA|VA) | 387 | $164,155,000 | $424,173 | $6,186 | 8.54% |
| Edwards, CO (FHA|USDA|VA) | 107 | $66,425,000 | $620,794 | $15,613 | 8.81% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 86 | $59,800,000 | $695,349 | $11,066 | 8.26% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 151 | $32,405,000 | $214,603 | $4,226 | 8.26% |
| Breckenridge, CO (FHA|USDA|VA) | 73 | $27,795,000 | $380,753 | $10,918 | 8.91% |
| Steamboat Springs, CO (FHA|USDA|VA) | 52 | $27,380,000 | $526,538 | $11,410 | 8.47% |
| Outside of Metro Areas | 71 | $26,405,000 | $371,901 | $4,193 | 8.23% |
| Durango, CO (FHA|USDA|VA) | 80 | $21,100,000 | $263,750 | $3,879 | 8.23% |
| Montrose, CO (FHA|USDA|VA) | 68 | $10,630,000 | $156,324 | $2,684 | 8.62% |
| BOULDER, CO (FHA|USDA|VA) | 18 | $7,740,000 | $430,000 | $7,107 | 8.37% |
| FORT COLLINS, CO (FHA|USDA|VA) | 13 | $3,645,000 | $280,385 | $0 | 9.07% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 10 | $3,050,000 | $305,000 | $0 | 8.16% |
| GREELEY, CO (FHA|USDA|VA) | 5 | $1,285,000 | $257,000 | $2,332 | 8.00% |
| PUEBLO, CO (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $0 | 8.06% |
| Craig, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $9,234 | 5.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Alpine Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 50
Similarity Rank: 220
Similarity Rank: 300
Similarity Rank: 351
Similarity Rank: 560
Similarity Rank: 589
Similarity Rank: 684
Similarity Rank: 942
Similarity Rank: 1140
Similarity Rank: 1275
Product Mix
For 2023, Alpine Bank's most frequently originated type of loan was HELOC, with 770 originations. Their 2nd most popular type was Conventional, with 345 originations.
Loan Reason
For 2023, Alpine Bank's most frequently cited loan purpose was Home Purchase, with 408 originations. The 2nd most popular reason was Home Improvement, with 348 originations.
Loan Duration/Length
For 2023, Alpine Bank's most frequently cited loan duration was 10 Year, with 474 originations. The 2nd most popular length was 30 Year, with 262 originations.
Origination Fees/Closing Costs
Alpine Bank's average total fees were $6,429, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 110 originations.
Interest Rates
During 2023, Alpine Bank's average interest rate for loans was 7.27%, while their most frequently originated rate bucket for loans was Over 8%, with 807 originations.
Loan Sizing
2023 saw Alpine Bank place emphasis on $200k-400k loans with 322 originations, totaling $91,090,000 in origination value.
Applicant Income
Alpine Bank lent most frequently to those with incomes in the $250k+ range, with 288 originations. The second most popular income band? $150k-250k, with 238 originations.
Applicant Debt to Income Ratio
Alpine Bank lent most frequently to those with DTI ratios of 20-30%, with 225 originations. The next most common DTI ratio? 30-36%, with 151 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.69%
Alpine Bank has an average approval rate.
Pick Rate
Approvals leading to origination76.91%
Alpine Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,126 | $453,010,000 | $402,318 |