Alpine Bank Mortgage Rates, Fees & Info

Glenwood Springs, CO

LEI: OYWNLMHNBQQ7BAH3EE86

Tax ID: 84-0788527

5 stars - Updated: 5/26/24 - out of 5 stars, based on 34 reviews

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

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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.

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% 5/26/24
30 Year Conventional Purchase 6.63% 5/26/24
30 Year Conventional Refi 6.64% 5/26/24
30 Year Cash-out Refi 6.47% 5/26/24
30 Year FHA Purchase 7.49% 5/26/24
30 Year VA Purchase 5.64% 5/26/24
15 Year Conventional Purchase 6.82% 5/26/24
15 Year Conventional Refi 5.94% 5/26/24
15 Year Cash-out Refi 5.94% 5/26/24
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






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

1,126

Origination Dollar Volume (All Markets)

$453,010,000

Awards

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

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%
Alpine Bank's top markets include Glenwood Springs, Edwards, Denver, Grand Junction, and Breckenridge among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 770 $228,840,000 $297,195 n/a 9.02%
    Conventional 345 $220,405,000 $638,855 $6,644 7.37%
    FHA 8 $3,110,000 $388,750 $11,043 6.13%
    VA 3 $655,000 $218,333 $3,542 6.29%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 408 $261,700,000 $641,422 $7,596 7.84%
    Home Improvement 348 $71,220,000 $204,655 $3,609 8.96%
    Refi 227 $86,885,000 $382,753 $5,297 8.70%
    Other 126 $27,220,000 $216,032 $2,497 9.06%
    Cash Out Refi 17 $5,985,000 $352,059 $5,653 7.12%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 474 $129,570,000 $273,354 $3,256 8.96%
    30 Year 262 $145,160,000 $554,046 $6,429 7.27%
    5 Year 248 $81,660,000 $329,274 $799 8.89%
    1 Year 65 $44,255,000 $680,846 $11,253 8.90%
    Other 34 $22,440,000 $660,000 $3,303 8.17%
    30+ year 23 $25,155,000 $1,093,696 $16,333 8.02%
    15 Year 11 $2,405,000 $218,636 $3,412 7.23%
    3 Year 6 $2,160,000 $360,000 $0 8.88%
    20 Year 3 $205,000 $68,333 $1,904 8.17%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 110 $33,930,000 $308,455
    $5k+ 68 $88,260,000 $1,297,941
    $<1k 36 $5,190,000 $144,167
    $2k-3k 34 $11,570,000 $340,294
    $3k-4k 19 $7,415,000 $390,263
    $4k-5k 13 $5,755,000 $442,692

    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

    Loan Rate Originations Total Value Average Loan
    Over 8% 807 $244,435,000 $302,893
    7-8% 150 $108,160,000 $721,067
    6-7% 123 $79,895,000 $649,553
    5-6% 41 $18,745,000 $457,195
    <2.5% 3 $1,225,000 $408,333
    4-5% 1 $375,000 $375,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 322 $91,090,000 $282,888 $4,353 8.36%
    $100k-200k 247 $33,145,000 $134,190 $3,015 8.68%
    $100,000 or less 236 $12,870,000 $54,534 $1,533 8.98%
    $400k-600k 170 $75,800,000 $445,882 $5,985 8.33%
    $1MM+ 79 $187,355,000 $2,371,582 $23,599 7.93%
    $600k-1MM 72 $52,750,000 $732,639 $8,702 7.69%

    2023 saw Alpine Bank place emphasis on $200k-400k loans with 322 originations, totaling $91,090,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 288 $181,140,000 $628,958 $12,588 8.68%
    $150k-250k 238 $69,700,000 $292,857 $6,227 8.55%
    $100k-150k 219 $46,905,000 $214,178 $5,188 8.75%
    $75k-100k 114 $22,070,000 $193,596 $4,314 8.45%
    $50k-75k 96 $14,270,000 $148,646 $3,315 8.44%
    $50k or less 50 $14,320,000 $286,400 $4,105 8.08%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 225 $72,725,000 $323,222 $6,570 8.60%
    30-36% 151 $38,245,000 $253,278 $4,977 8.61%
    <20% 139 $45,145,000 $324,784 $8,915 8.69%
    48% 65 $16,085,000 $247,462 $5,858 8.62%
    >60% 56 $39,870,000 $711,964 $13,072 8.67%
    42% 40 $14,560,000 $364,000 $7,478 8.41%
    43% 36 $9,560,000 $265,556 $4,938 8.32%
    38% 34 $15,450,000 $454,412 $5,235 8.60%
    36% 34 $10,790,000 $317,353 $4,685 8.36%
    41% 33 $13,185,000 $399,545 $8,011 8.05%
    40% 32 $9,700,000 $303,125 $6,131 8.44%
    46% 30 $10,880,000 $362,667 $4,856 8.29%
    39% 29 $9,605,000 $331,207 $6,986 8.47%
    44% 27 $12,105,000 $448,333 $7,959 8.32%
    37% 27 $5,965,000 $220,926 $3,294 8.75%
    47% 27 $10,605,000 $392,778 $7,505 8.78%
    45% 25 $6,585,000 $263,400 $5,278 8.34%
    50-60% 18 $9,390,000 $521,667 $7,601 9.06%
    49% 16 $8,980,000 $561,250 $9,146 7.14%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 939 $359,875,000 $383,253 $6,908 8.50%
    Not applicable 46 $54,550,000 $1,185,870 $0 7.78%
    Not provided 111 $28,445,000 $256,261 $4,646 8.75%
    American Indian 12 $4,610,000 $384,167 $8,637 8.07%
    Asian 7 $2,115,000 $302,143 $6,790 7.86%
    Black 6 $1,720,000 $286,667 $2,768 8.27%
    Korean 1 $1,005,000 $1,005,000 $0 9.13%
    Native Hawaiian or Islander 2 $480,000 $240,000 $14,198 6.63%
    Other Pacific Islander 2 $210,000 $105,000 $0 9.25%

    Approval Rates

    Total approvals of all applications
    87.69%

    Alpine Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.91%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,126 $453,010,000 $402,318

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 245 $106,095,000 $433,041 $6,475 8.63%
    40-60% 133 $122,675,000 $922,368 $9,130 8.02%
    60-80% 173 $103,345,000 $597,370 $7,537 7.91%
    80-100% 73 $33,375,000 $457,192 $6,683 7.14%
    Under 20% 502 $87,520,000 $174,343 $2,420 8.93%