Alpine Bank Mortgage Rates, Fees & Info

Glenwood Springs, CO

LEI: OYWNLMHNBQQ7BAH3EE86

Tax ID: 84-0788527

4.5 stars - out of 5 stars, based on 48 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Alpine Bank is a small bank specializing in Home Purchase and Refi loans. Alpine Bank has a high proportion of conventional loans. Their top markets by origination volume include: Glenwood Springs, Denver, Edwards, Breckenridge, and Durango among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Alpine Bank 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. 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 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
    Home Equity Line of Credit (HELOC) 6.27% 5/27/23
    30 Year Conventional Purchase 6.63% 5/27/23
    30 Year Conventional Refi 6.64% 5/27/23
    30 Year Cash-out Refi 6.47% 5/27/23
    30 Year FHA Purchase 7.49% 5/27/23
    30 Year VA Purchase 5.64% 5/27/23
    15 Year Conventional Purchase 6.82% 5/27/23
    15 Year Conventional Refi 5.94% 5/27/23
    15 Year Cash-out Refi 5.94% 5/27/23
    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






    Your Estimates

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

    This is not an official calculator from Alpine Bank. 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

    2,305

    Origination Dollar Volume (All Markets)

    $1,094,635,000

    Awards

    Alpine Bank 30 Year Conventional Loans gold Alpine Bank 30 Year Conventional Loans gold
    Show all (2) awards

    Relative Rate

    Alpine Bank's average 30 year fixed mortgage rate was 4.82%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.06%.

    Relative Fees (Closing Costs)

    Alpine Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $6,846.

    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
    Glenwood Springs, CO (FHA|USDA|VA) 659 $358,615,000 $544,181 $10,315 5.19%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 284 $155,310,000 $546,866 $7,902 5.10%
    Edwards, CO (FHA|USDA|VA) 206 $109,070,000 $529,466 $11,333 5.05%
    Outside of Metro Areas 210 $100,540,000 $478,762 $8,244 5.00%
    Breckenridge, CO (FHA|USDA|VA) 150 $78,830,000 $525,533 $12,167 4.97%
    Durango, CO (FHA|USDA|VA) 173 $69,655,000 $402,630 $7,187 5.00%
    Steamboat Springs, CO (FHA|USDA|VA) 129 $64,975,000 $503,682 $9,340 5.01%
    GRAND JUNCTION, CO (FHA|USDA|VA) 226 $53,350,000 $236,062 $4,259 5.23%
    BOULDER, CO (FHA|USDA|VA) 76 $41,400,000 $544,737 $10,558 5.23%
    Montrose, CO (FHA|USDA|VA) 148 $40,480,000 $273,514 $5,480 5.00%
    FORT COLLINS, CO (FHA|USDA|VA) 23 $11,645,000 $506,304 $11,904 5.22%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 9 $5,475,000 $608,333 $1,903 4.92%
    GREELEY, CO (FHA|USDA|VA) 6 $3,450,000 $575,000 $6,186 4.56%
    Craig, CO (FHA|USDA|VA) 3 $805,000 $268,333 $3,280 4.17%
    PUEBLO, CO (FHA|USDA|VA) 1 $455,000 $455,000 $0 6.25%
    Fort Morgan, CO (FHA|USDA|VA) 1 $425,000 $425,000 $0 7.88%
    Cañon City, CO (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.13%
    Alpine Bank's top markets include Glenwood Springs, Denver, Edwards, Breckenridge, and Durango among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)

    • 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.

    Grand Valley Bank
    Similarity Rank: 196
    COLORAMO
    Similarity Rank: 355
    The District Federal Credit Union
    Similarity Rank: 588
    U S WIDE FINANCIAL LLC
    Similarity Rank: 768
    DENVER COMMUNITY
    Similarity Rank: 1078
    FOOTHILLS
    Similarity Rank: 1116
    Red Rocks Credit Union
    Similarity Rank: 1464
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1638
    Farmers & Stockmens Bank
    Similarity Rank: 1932
    ALL WESTERN MORTGAGE, INC.
    Similarity Rank: 2024

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,358 $357,900,000 $263,549 n/a 5.32%
    Conventional 942 $734,440,000 $779,660 $8,710 4.80%
    VA 5 $2,295,000 $459,000 $6,007 5.03%

    For 2022, Alpine Bank's most frequently originated type of loan was HELOC, with 1,358 originations. Their 2nd most popular type was Conventional, with 942 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 841 $644,835,000 $766,748 $9,891 4.91%
    Home Improvement 641 $116,995,000 $182,520 $4,543 5.35%
    Refi 491 $233,415,000 $475,387 $6,891 5.05%
    Other 286 $82,100,000 $287,063 $8,909 5.39%
    Cash Out Refi 46 $17,290,000 $375,870 $4,533 3.99%

    For 2022, Alpine Bank's most frequently cited loan purpose was Home Purchase, with 841 originations. The 2nd most popular reason was Home Improvement, with 641 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 965 $278,375,000 $288,472 $975 5.25%
    30 Year 653 $400,045,000 $612,626 $6,846 4.82%
    5 Year 386 $103,020,000 $266,891 $1,490 5.45%
    30+ year 150 $207,780,000 $1,385,200 $17,706 4.33%
    1 Year 71 $50,495,000 $711,197 $29,380 5.31%
    Other 35 $29,745,000 $849,857 $4,196 5.49%
    15 Year 27 $9,905,000 $366,852 $3,424 4.92%
    3 Year 11 $14,345,000 $1,304,091 $0 5.09%
    20 Year 7 $925,000 $132,143 $1,257 5.21%

    For 2022, Alpine Bank's most frequently cited loan duration was 10 Year, with 965 originations. The 2nd most popular length was 30 Year, with 653 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 281 $412,925,000 $1,469,484
    $1k-2k 190 $64,660,000 $340,316
    $2k-3k 94 $27,780,000 $295,532
    $3k-4k 89 $37,305,000 $419,157
    $<1k 70 $14,590,000 $208,429
    $4k-5k 62 $33,700,000 $543,548

    Alpine Bank's average total fees were $6,846, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 281 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 883 $384,775,000 $435,759
    3-4% 425 $355,825,000 $837,235
    5-6% 424 $198,380,000 $467,877
    6-7% 309 $97,645,000 $316,003
    7-8% 163 $35,485,000 $217,699
    Over 8% 59 $11,085,000 $187,881
    2.5-3% 41 $11,415,000 $278,415
    <2.5% 1 $25,000 $25,000

    During 2022, Alpine Bank's average interest rate for loans was 4.82%, while their most frequently originated rate bucket for loans was 4-5%, with 883 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 604 $171,390,000 $283,758 $4,048 5.17%
    $100,000 or less 460 $26,210,000 $56,978 $1,144 5.45%
    $100k-200k 435 $58,685,000 $134,908 $2,719 5.26%
    $400k-600k 361 $165,405,000 $458,186 $5,663 4.99%
    $1MM+ 231 $512,285,000 $2,217,684 $23,247 4.52%
    $600k-1MM 214 $160,660,000 $750,748 $8,426 4.70%

    2022 saw Alpine Bank place emphasis on $200k-400k loans with 604 originations, totaling $171,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 584 $466,360,000 $798,562 $14,926 5.01%
    $150k-250k 435 $138,985,000 $319,506 $6,340 5.15%
    $100k-150k 376 $91,280,000 $242,766 $5,134 5.21%
    $75k-100k 222 $45,880,000 $206,667 $4,465 5.19%
    $50k-75k 201 $32,835,000 $163,358 $3,665 5.27%
    $50k or less 99 $13,215,000 $133,485 $3,106 5.32%

    Alpine Bank lent most frequently to those with incomes in the $250k+ range, with 584 originations. The second most popular income band? $150k-250k, with 435 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 470 $206,190,000 $438,702 $10,386 5.07%
    30-36% 363 $131,695,000 $362,796 $7,194 5.06%
    <20% 344 $165,330,000 $480,610 $10,912 4.99%
    41% 78 $27,680,000 $354,872 $5,666 5.20%
    48% 69 $22,385,000 $324,420 $6,267 5.22%
    47% 64 $24,640,000 $385,000 $7,406 5.18%
    37% 62 $26,460,000 $426,774 $7,991 4.77%
    46% 61 $17,605,000 $288,607 $5,216 5.28%
    42% 59 $25,925,000 $439,407 $7,393 5.09%
    43% 59 $17,785,000 $301,441 $4,886 5.32%
    36% 56 $21,130,000 $377,321 $9,213 5.22%
    45% 54 $15,970,000 $295,741 $6,086 5.26%
    38% 54 $18,930,000 $350,556 $6,089 5.26%
    44% 53 $18,015,000 $339,906 $8,445 4.98%
    39% 52 $16,750,000 $322,115 $5,647 5.19%
    40% 51 $20,495,000 $401,863 $7,785 5.11%
    >60% 35 $19,015,000 $543,286 $12,259 5.57%
    50-60% 17 $12,645,000 $743,824 $8,675 5.99%
    49% 12 $3,610,000 $300,833 $4,569 4.73%

    Alpine Bank lent most frequently to those with DTI ratios of 20-30%, with 470 originations. The next most common DTI ratio? 30-36%, with 363 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,863 $814,415,000 $437,152 $8,675 5.12%
    Not applicable 124 $142,340,000 $1,147,903 $14,015 4.97%
    Not provided 271 $121,285,000 $447,546 $9,029 5.01%
    Asian 21 $8,415,000 $400,714 $5,636 5.64%
    Asian Indian 5 $2,565,000 $513,000 $3,553 4.55%
    Black 10 $2,290,000 $229,000 $5,768 6.16%
    Chinese 1 $1,625,000 $1,625,000 $23,022 3.88%
    American Indian 6 $1,120,000 $186,667 $930 5.98%
    Native Hawaiian or Islander 1 $405,000 $405,000 $9,462 4.38%
    Japanese 1 $65,000 $65,000 $0 4.88%
    Native Hawaiian 1 $55,000 $55,000 $0 2.75%
    Other Asian 1 $55,000 $55,000 $0 4.25%

    Approval Rates

    Total approvals of all applications
    90.58%

    Alpine Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.61%

    Alpine Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,305 $1,094,635,000 $474,896

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,305 $1,094,635,000 $474,896

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 526 $216,840,000 $412,243 $6,544 5.02%
    40-60% 300 $205,250,000 $684,167 $9,163 4.70%
    60-80% 494 $419,550,000 $849,291 $10,095 4.90%
    80-100% 142 $114,260,000 $804,648 $9,156 4.98%
    Over 100% 7 $3,825,000 $546,429 $7,387 6.11%
    Under 20% 836 $134,910,000 $161,376 $3,790 5.44%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    ALLY FINANCIAL INC. Conventional home mortgage Closing on a mortgage 1 50.0%
    ALLY FINANCIAL INC. Conventional home mortgage Trouble during payment process 1 50.0%