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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/28/24 |
| 30 Year Conventional Purchase | 6.63% | 4/28/24 |
| 30 Year Conventional Refi | 6.64% | 4/28/24 |
| 30 Year Cash-out Refi | 6.47% | 4/28/24 |
| 30 Year FHA Purchase | 7.49% | 4/28/24 |
| 30 Year VA Purchase | 5.64% | 4/28/24 |
| 15 Year Conventional Purchase | 6.82% | 4/28/24 |
| 15 Year Conventional Refi | 5.94% | 4/28/24 |
| 15 Year Cash-out Refi | 5.94% | 4/28/24 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,305Origination Dollar Volume (All Markets)
$1,094,635,000Awards
Alpine Bank - 2022
Alpine Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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% |
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: 155
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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
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
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
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
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
2022 saw Alpine Bank place emphasis on $200k-400k loans with 604 originations, totaling $171,390,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications90.58%
Alpine Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.61%
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
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% |