Glenwood Springs Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Glenwood Springs averaged
6.38%
for the week of 2023-12-07, compared to the national average of
7.03% for the same period.
The average rate for the prior week (2023-11-30) was
6.57% and
one month ago for the week of 2023-11-02, the
average rate was 7.21%.
Glenwood Springs's average rate one year ago was 6.04%.
For refis of the same type during the week of 2023-12-07, the average rate
was 5.88%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-12-07 | 7.03% |
Glenwood Springs 30 Year Fixed Rate | 2023-12-07 | 6.38% |
Glenwood Springs 30 Year Fixed Rate Refi | 2023-12-07 | 5.88% |
Glenwood Springs 15 Year Fixed Rate | 2023-12-07 | 6.49% |
Glenwood Springs 15 Year Fixed Rate Refi | 2023-12-07 | 6.59% |
Glenwood Springs 30 Year FHA | 2023-12-07 | 6.35% |
Glenwood Springs 30 Year FHA Refi | 2023-12-07 | 7.02% |
Glenwood Springs 30 Year USDA | 2023-12-07 | 6.82% |
Glenwood Springs 30 Year USDA Refi | 2023-12-07 | 6.62% |
Glenwood Springs 30 Year VA | 2023-12-07 | 6.54% |
Glenwood Springs 30 Year VA Refi | 2023-12-07 | 6.74% |
Glenwood Springs Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Glenwood Springs, CO market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Glenwood Springs Average Closing Costs & Other Stats
Glenwood Springs, CO's 140 lenders originated 2,932
loans during 2022. The total origination value was $3,206,310,000, with an average loan value of
$1,093,557.
Glenwood Springs's average closing costs are $5,695.
The top Glenwood Springs lender as defined by loan originations is BAY EQUITY LLC, with
206 loans originated. Their average total fees are
$5,116, which is $4,236
lower than the next largest lender,
Alpine Bank.
The lowest fee Glenwood Springs lenders (with over 10 loans originated) are
Stifel Bank and Trust ($3,739), Bank of America ($4,142), BAY EQUITY LLC ($5,116), CORNERSTONE HOME LENDING, INC. ($5,194) and AMERICAN FINANCING CORPORATION ($5,911).
The lowest rate Glenwood Springs lenders (with over 10 loans originated) are
First Republic Bank (2.97%), Morgan Stanley Private Bank (3.14%), UBS Bank USA (3.23%), Stifel Bank and Trust (3.25%) and Charles Schwab Bank, SSB (3.29%).
Glenwood Springs, CO Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
Name | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
JPMorgan Chase Bank | $488,655,000 | $364,770,000 | -25.4% | 11.4% |
Alpine Bank | $387,220,000 | $358,615,000 | -7.4% | 11.2% |
Bank of America | $159,510,000 | $308,430,000 | 93.4% | 9.6% |
First Republic Bank | $152,855,000 | $217,600,000 | 42.4% | 6.8% |
Citibank | $157,295,000 | $184,465,000 | 17.3% | 5.8% |
BAY EQUITY LLC | $348,475,000 | $127,800,000 | -63.3% | 4.0% |
Morgan Stanley Private Bank | $160,110,000 | $105,945,000 | -33.8% | 3.3% |
UMB Bank | $28,950,000 | $100,710,000 | 247.9% | 3.1% |
U.S. Bank | $176,625,000 | $100,225,000 | -43.3% | 3.1% |
Wells Fargo Bank | $258,345,000 | $99,705,000 | -61.4% | 3.1% |
FirstBank | $130,905,000 | $85,920,000 | -34.4% | 2.7% |
The Northern Trust Company | $25,370,000 | $81,115,000 | 219.7% | 2.5% |
UBS Bank USA | $88,740,000 | $70,520,000 | -20.5% | 2.2% |
ANB Bank | $48,270,000 | $57,345,000 | 18.8% | 1.8% |
Bank of Colorado | $51,810,000 | $57,080,000 | 10.2% | 1.8% |
Goldman Sachs Bank USA | $30,880,000 | $54,580,000 | 76.7% | 1.7% |
ACADEMY MORTGAGE CORPORATION | $119,030,000 | $51,095,000 | -57.1% | 1.6% |
Merchants Bank of Indiana | $47,355,000 | n/a | 1.5% | |
UNITED WHOLESALE MORTGAGE, LLC | $95,050,000 | $37,805,000 | -60.2% | 1.2% |
Zions Bancorporation, N.A. | $29,140,000 | $37,585,000 | 29.0% | 1.2% |
Charles Schwab Bank, SSB | $52,520,000 | $37,325,000 | -28.9% | 1.2% |
QUICKEN LOANS, LLC | $95,930,000 | $36,145,000 | -62.3% | 1.1% |
City National Bank of Florida | $7,290,000 | $32,955,000 | 352.1% | 1.0% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $55,535,000 | $20,665,000 | -62.8% | 0.6% |
MidFirst Bank | $33,980,000 | $20,500,000 | -39.7% | 0.6% |
City National Bank | $131,830,000 | $20,370,000 | -84.5% | 0.6% |
Truist | $12,055,000 | $20,060,000 | 66.4% | 0.6% |
Exchange Bank | $19,580,000 | n/a | 0.6% | |
CORNERSTONE HOME LENDING, INC. | $69,250,000 | $19,315,000 | -72.1% | 0.6% |
Bank of the West | $32,190,000 | $16,580,000 | -48.5% | 0.5% |
BNY Mellon | $16,810,000 | $15,995,000 | -4.8% | 0.5% |
Stifel Bank and Trust | $34,130,000 | $14,320,000 | -58.0% | 0.4% |
Fifth Third Bank | $245,000 | $13,330,000 | 5,340.8% | 0.4% |
First Western Trust Bank | $22,230,000 | $11,265,000 | -49.3% | 0.4% |
LOANDEPOT.COM, LLC | $31,235,000 | $10,815,000 | -65.4% | 0.3% |
FIRST MORTGAGE COMPANY, INC. | $10,795,000 | n/a | 0.3% | |
KeyBank | $24,340,000 | $10,685,000 | -56.1% | 0.3% |
Raymond James Bank | $6,740,000 | $10,025,000 | 48.7% | 0.3% |
Northpointe Bank | $20,280,000 | $8,580,000 | -57.7% | 0.3% |
Axos Bank | $910,000 | $7,955,000 | 774.2% | 0.2% |
PNC Bank | $15,280,000 | $7,850,000 | -48.6% | 0.2% |
Flagstar Bank, FSB | $8,700,000 | $7,455,000 | -14.3% | 0.2% |
CALIBER HOME LOANS, INC. | $8,980,000 | $7,395,000 | -17.7% | 0.2% |
BMO Harris Bank | $4,505,000 | $7,320,000 | 62.5% | 0.2% |
The Central Trust Bank | $1,230,000 | $7,150,000 | 481.3% | 0.2% |
CIBC Bank USA | $5,520,000 | $6,005,000 | 8.8% | 0.2% |
AMERICAN FINANCING CORPORATION | $15,500,000 | $5,905,000 | -61.9% | 0.2% |
GENEVA FINANCIAL, LLC | $335,000 | $5,300,000 | 1,482.1% | 0.2% |
FINANCE OF AMERICA REVERSE LLC | $7,135,000 | $5,295,000 | -25.8% | 0.2% |
Mr. Cooper ( Nationstar Mortgage ) | $12,580,000 | $5,220,000 | -58.5% | 0.2% |
Silicon Valley Bank | $12,510,000 | $5,005,000 | -60.0% | 0.2% |
FINANCE OF AMERICA MORTGAGE LLC | $9,245,000 | $4,745,000 | -48.7% | 0.1% |
Academy Bank | $1,560,000 | $4,645,000 | 197.8% | 0.1% |
BROKER SOLUTIONS, INC. | $9,365,000 | $4,635,000 | -50.5% | 0.1% |
Mortgage Bank of California | $4,520,000 | n/a | 0.1% | |
First Merchants Bank | $4,430,000 | n/a | 0.1% | |
FREEDOM MORTGAGE CORPORATION | $17,285,000 | $4,325,000 | -75.0% | 0.1% |
Mortgage Research Center, LLC | $4,795,000 | $4,175,000 | -12.9% | 0.1% |
Paramount Residential Mortgage Group, Inc. | $3,945,000 | $4,150,000 | 5.2% | 0.1% |
GUARANTEED RATE, INC. | $12,870,000 | $4,130,000 | -67.9% | 0.1% |
EVANSVILLE TEACHERS | $2,405,000 | $3,925,000 | 63.2% | 0.1% |
The Huntington National Bank | $760,000 | $3,840,000 | 405.3% | 0.1% |
NBH Bank | $7,430,000 | $3,765,000 | -49.3% | 0.1% |
CROSSCOUNTRY MORTGAGE, LLC | $9,685,000 | $3,730,000 | -61.5% | 0.1% |
LOGIX FEDERAL CREDIT UNION | $3,725,000 | n/a | 0.1% | |
AMERICAN ADVISORS GROUP | $2,640,000 | $3,665,000 | 38.8% | 0.1% |
PENNYMAC LOAN SERVICES, LLC | $17,490,000 | $3,470,000 | -80.2% | 0.1% |
Bryant Bank | $3,305,000 | $3,285,000 | -0.6% | 0.1% |
VeraBank | $3,255,000 | n/a | 0.1% | |
HOME POINT FINANCIAL CORPORATION | $22,430,000 | $3,150,000 | -86.0% | 0.1% |
GUILD MORTGAGE COMPANY | $7,955,000 | $3,095,000 | -61.1% | 0.1% |
AMERISAVE MORTGAGE CORPORATION | $14,570,000 | $3,010,000 | -79.3% | 0.1% |
Independent Bank | $5,155,000 | $3,005,000 | -41.7% | 0.1% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $5,570,000 | $2,935,000 | -47.3% | 0.1% |
LENDSURE MORTGAGE CORP. | $955,000 | $2,920,000 | 205.8% | 0.1% |
Old National Bank | $2,895,000 | n/a | 0.1% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,275,000 | $2,805,000 | 23.3% | 0.1% |
Plains Commerce Bank | $1,205,000 | $2,765,000 | 129.5% | 0.1% |
First National Bank Of Oklahoma | $2,455,000 | $2,655,000 | 8.1% | 0.1% |
Citizens Bank | $17,340,000 | $2,630,000 | -84.8% | 0.1% |
Commerce Bank | $2,655,000 | $2,630,000 | -0.9% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $7,530,000 | $2,545,000 | -66.2% | 0.1% |
The Citizens Bank of Philadelphia, Mississippi | $2,495,000 | n/a | 0.1% | |
Elevations Credit Union | $7,840,000 | $2,450,000 | -68.8% | 0.1% |
PENTAGON FEDERAL CREDIT UNION | $2,540,000 | $2,325,000 | -8.5% | 0.1% |
21ST MORTGAGE CORPORATION | $1,560,000 | $2,280,000 | 46.2% | 0.1% |
GUARANTEED RATE AFFINITY, LLC | $2,275,000 | $2,175,000 | -4.4% | 0.1% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $2,080,000 | n/a | 0.1% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $885,000 | $2,050,000 | 131.6% | 0.1% |
Origin Bank | $2,005,000 | n/a | 0.1% | |
Montgomery Bank | $4,405,000 | $1,975,000 | -55.2% | 0.1% |
CANVAS CREDIT UNION | $1,010,000 | $1,895,000 | 87.6% | 0.1% |
CHERRY CREEK MORTGAGE, LLC | $15,380,000 | $1,865,000 | -87.9% | 0.1% |
First Horizon Bank | $1,740,000 | $1,765,000 | 1.4% | 0.1% |
S1L, Inc. | $1,655,000 | $1,740,000 | 5.1% | 0.1% |
Citadel Servicing Corporation | $6,005,000 | $1,710,000 | -71.5% | 0.1% |
PHH Mortgage Corporation | $480,000 | $1,685,000 | 251.0% | 0.1% |
Carrington Mortgage Services, LLC | $3,875,000 | $1,680,000 | -56.6% | 0.1% |
PLAZA HOME MORTGAGE, INC. | $5,510,000 | $1,670,000 | -69.7% | 0.1% |
BELLCO | $13,240,000 | $1,590,000 | -88.0% | 0.0% |
MOUNTAIN AMERICA | $1,225,000 | $1,565,000 | 27.8% | 0.0% |
BETTER MORTGAGE CORPORATION | $18,145,000 | $1,545,000 | -91.5% | 0.0% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $6,040,000 | $1,540,000 | -74.5% | 0.0% |
NEWREZ LLC | $6,260,000 | $1,535,000 | -75.5% | 0.0% |
Alerus Financial | $225,000 | $1,505,000 | 568.9% | 0.0% |
HSBC BANK USA, NATIONAL ASSOCIATION | $6,860,000 | $1,505,000 | -78.1% | 0.0% |
Ally Bank | $4,750,000 | $1,430,000 | -69.9% | 0.0% |
Guaranty Bank and Trust Company | $1,405,000 | n/a | 0.0% | |
EVERETT FINANCIAL, INC. | $1,800,000 | $1,345,000 | -25.3% | 0.0% |
MUTUAL OF OMAHA MORTGAGE, INC. | $1,740,000 | $1,325,000 | -23.9% | 0.0% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $2,465,000 | $1,290,000 | -47.7% | 0.0% |
HOME MORTGAGE ALLIANCE, LLC | $1,180,000 | $1,270,000 | 7.6% | 0.0% |
MEGASTAR FINANCIAL CORP. | $885,000 | $1,210,000 | 36.7% | 0.0% |
American Airlines Federal Credit Union | $155,000 | $1,205,000 | 677.4% | 0.0% |
BancorpSouth Bank | $2,110,000 | $1,200,000 | -43.1% | 0.0% |
LONGBRIDGE FINANCIAL, LLC | $1,195,000 | n/a | 0.0% | |
AMCAP MORTGAGE, LTD. | $5,000,000 | $1,190,000 | -76.2% | 0.0% |
CMG MORTGAGE, INC. | $2,255,000 | $1,155,000 | -48.8% | 0.0% |
CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION | $4,160,000 | $1,155,000 | -72.2% | 0.0% |
Chicago Mortgage Solutions LLC | $4,070,000 | $1,135,000 | -72.1% | 0.0% |
NBKC BANK | $1,500,000 | $1,090,000 | -27.3% | 0.0% |
BOKF | $1,970,000 | $1,065,000 | -45.9% | 0.0% |
NAVY FEDERAL CREDIT UNION | $3,675,000 | $1,055,000 | -71.3% | 0.0% |
First Guaranty Mortgage Corporation | $8,330,000 | $1,045,000 | -87.5% | 0.0% |
USAA Federal Savings Bank | $1,470,000 | $1,025,000 | -30.3% | 0.0% |
MidWestOne Bank | $805,000 | $1,015,000 | 26.1% | 0.0% |
Ent Credit Union | $3,165,000 | $1,010,000 | -68.1% | 0.0% |
Arvest Bank | $2,050,000 | $1,000,000 | -51.2% | 0.0% |
SECURITY SERVICE | $220,000 | $1,000,000 | 354.5% | 0.0% |
Nations Lending Corporation | $2,200,000 | $960,000 | -56.4% | 0.0% |
PREMIER MORTGAGE RESOURCES, L.L.C. | $960,000 | n/a | 0.0% | |
LOANPAL, LLC | $3,215,000 | $950,000 | -70.5% | 0.0% |
Bank of England | $3,020,000 | $915,000 | -69.7% | 0.0% |
NexBank | $885,000 | n/a | 0.0% | |
The Federal Savings Bank | $2,090,000 | $880,000 | -57.9% | 0.0% |
AmeriHome Mortgage Company, LLC | $365,000 | $875,000 | 139.7% | 0.0% |
Glacier Bank | $1,330,000 | $875,000 | -34.2% | 0.0% |
FUNDLOANS CAPITAL | $5,370,000 | $845,000 | -84.3% | 0.0% |
SPRING EQ, LLC | $195,000 | $840,000 | 330.8% | 0.0% |
UNIVERSAL LENDING CORPORATION | $1,740,000 | $840,000 | -51.7% | 0.0% |
First American Bank | $805,000 | n/a | 0.0% | |
SeaTrust Mortgage Company | $805,000 | n/a | 0.0% | |
Discover Bank | $625,000 | $800,000 | 28.0% | 0.0% |
NEXERA HOLDING LLC | $800,000 | n/a | 0.0% | |
REVERSE MORTGAGE FUNDING LLC | $1,115,000 | $795,000 | -28.7% | 0.0% |
Third Federal Savings and Loan Association of Cleveland | $740,000 | $795,000 | 7.4% | 0.0% |
Red Rocks Credit Union | $170,000 | $785,000 | 361.8% | 0.0% |
MANN FINANCIAL INC. | $1,985,000 | $765,000 | -61.5% | 0.0% |
NEW DAY FINANCIAL, LLC | $935,000 | $755,000 | -19.3% | 0.0% |
Broadway National Bank | $725,000 | n/a | 0.0% | |
LENDINGHOME FUNDING CORPORATION | $715,000 | n/a | 0.0% | |
Lakeview Community Capital, LLC | $1,995,000 | $705,000 | -64.7% | 0.0% |
KELLER MORTGAGE, LLC | $870,000 | $695,000 | -20.1% | 0.0% |
PROVIDENT FUNDING ASSOCIATES, L.P. | $3,670,000 | $680,000 | -81.5% | 0.0% |
ZILLOW HOME LOANS, LLC | $720,000 | $680,000 | -5.6% | 0.0% |
NFM, INC. | $315,000 | $675,000 | 114.3% | 0.0% |
NOVA FINANCIAL & INVESTMENT CORPORATION | $480,000 | $655,000 | 36.5% | 0.0% |
OPEN MORTGAGE, LLC | $135,000 | $655,000 | 385.2% | 0.0% |
North American Savings Bank, F.S.B. | $1,230,000 | $625,000 | -49.2% | 0.0% |
Prosperity Home Mortgage, LLC | $625,000 | n/a | 0.0% | |
Western Bank | $135,000 | $625,000 | 363.0% | 0.0% |
LAND HOME FINANCIAL SERVICES, INC. | $480,000 | $595,000 | 24.0% | 0.0% |
SECURITYNATIONAL MORTGAGE COMPANY | $2,680,000 | $590,000 | -78.0% | 0.0% |
ROUNDPOINT MORTGAGE SERVICING CORPORATION | $585,000 | n/a | 0.0% | |
Waterstone Mortgage Corporation | $2,360,000 | $575,000 | -75.6% | 0.0% |
TRIAD FINANCIAL SERVICES, INC. | $285,000 | $530,000 | 86.0% | 0.0% |
Figure Lending LLC | $315,000 | $510,000 | 61.9% | 0.0% |
AMERICAN INTERNET MORTGAGE, INC. | $660,000 | $505,000 | -23.5% | 0.0% |
WESTERRA CREDIT UNION | $2,090,000 | $495,000 | -76.3% | 0.0% |
EMBRACE HOME LOANS, INC. | $305,000 | $485,000 | 59.0% | 0.0% |
COLORADO CREDIT UNION | $235,000 | $470,000 | 100.0% | 0.0% |
Credit Union of Denver | $50,000 | $470,000 | 840.0% | 0.0% |
ALLIANT CREDIT UNION | $290,000 | $460,000 | 58.6% | 0.0% |
Oakstar Bank | $460,000 | n/a | 0.0% | |
GUARANTY HOME MORTGAGE CORPORATION | $205,000 | $455,000 | 122.0% | 0.0% |
NATIONS DIRECT MORTGAGE, LLC | $1,400,000 | $455,000 | -67.5% | 0.0% |
VILLAGE CAPITAL MORTGAGE | $2,790,000 | $455,000 | -83.7% | 0.0% |
ALL REVERSE MORTGAGE, INC. | $445,000 | n/a | 0.0% | |
Financial Funding Solutions, Inc. | $1,005,000 | $445,000 | -55.7% | 0.0% |
FLAT BRANCH MORTGAGE, INC. | $365,000 | $445,000 | 21.9% | 0.0% |
PREMIER MEMBERS CREDIT UNION | $545,000 | $440,000 | -19.3% | 0.0% |
CLEARPATH LENDING | $225,000 | $435,000 | 93.3% | 0.0% |
First Home Bank | $425,000 | n/a | 0.0% | |
5TH STREET CAPITAL, INC. | $415,000 | n/a | 0.0% | |
Armed Forces Bank | $405,000 | n/a | 0.0% | |
Sooper Credit Union | $400,000 | n/a | 0.0% | |
Wyndham Capital Mortgage, Inc. | $1,390,000 | $385,000 | -72.3% | 0.0% |
First National Bank of Omaha | $365,000 | $375,000 | 2.7% | 0.0% |
Baxter Credit Union | $370,000 | n/a | 0.0% | |
CITY FIRST MORTGAGE SERVICES, L.L.C. | $980,000 | $345,000 | -64.8% | 0.0% |
Princeton Mortgage Corporation | $345,000 | n/a | 0.0% | |
UNION HOME MORTGAGE CORP. | $345,000 | n/a | 0.0% | |
FIRST CENTENNIAL MORTGAGE CORPORATION | $1,010,000 | $325,000 | -67.8% | 0.0% |
LIMA ONE CAPITAL, LLC | $325,000 | n/a | 0.0% | |
Residential Mortgage Solutions, Inc. | $325,000 | n/a | 0.0% | |
Equity Prime Mortgage LLC | $305,000 | n/a | 0.0% | |
FIRST NATIONS HOME FINANCE CORPORATION | $305,000 | n/a | 0.0% | |
Flanagan State Bank | $580,000 | $305,000 | -47.4% | 0.0% |
Loan Simple, Inc. | $770,000 | $285,000 | -63.0% | 0.0% |
Hometown Lenders, Inc. | $545,000 | $275,000 | -49.5% | 0.0% |
HOMEXPRESS MORTGAGE CORP. | $1,265,000 | $275,000 | -78.3% | 0.0% |
SWBC MORTGAGE CORPORATION | $1,125,000 | $275,000 | -75.6% | 0.0% |
Meridian Trust Federal Credit Union | $255,000 | n/a | 0.0% | |
RESIDENTIAL WHOLESALE MORTGAGE, INC. | $255,000 | n/a | 0.0% | |
V.I.P. MORTGAGE, INC. | $1,565,000 | $255,000 | -83.7% | 0.0% |
M&T Bank | $2,430,000 | $245,000 | -89.9% | 0.0% |
HomeTrust Bank | $225,000 | n/a | 0.0% | |
RESIDENTIAL BANCORP. | $225,000 | n/a | 0.0% | |
Barrington Bank & Trust Company, N.A. | $1,550,000 | $215,000 | -86.1% | 0.0% |
Citywide Banks | $155,000 | $205,000 | 32.3% | 0.0% |
FIRST COLONY MORTGAGE CORPORATION | $215,000 | $185,000 | -14.0% | 0.0% |
ASSEMBLIES OF GOD Credit Union | $175,000 | n/a | 0.0% | |
Strong Home Mortgage, LLC | $855,000 | $155,000 | -81.9% | 0.0% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $145,000 | n/a | 0.0% | |
HighTechLending Inc | $145,000 | n/a | 0.0% | |
DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION | $125,000 | n/a | 0.0% | |
First American Bank | $105,000 | n/a | 0.0% | |
Peak Financial | $105,000 | n/a | 0.0% | |
PEOPLES STATE BANK | $75,000 | n/a | 0.0% | |
CREDIT HUMAN FEDERAL CREDIT UNION | $85,000 | $65,000 | -23.5% | 0.0% |
HIWAY | $55,000 | n/a | 0.0% | |
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $800,000 | $55,000 | -93.1% | 0.0% |
COLORAMO | $565,000 | $25,000 | -95.6% | 0.0% |
Glenwood Springs's top lender by overall market share is JPMorgan Chase Bank, with 11.4% market share. In second place, with 11.2%, is Alpine Bank, having originated $358,615,000 in loans. In third place, with 9.6%, is Bank of America, having originated $308,430,000 in loans. In fourth place, with 6.8%, is First Republic Bank, having originated $217,600,000 in loans. In fifth place, with 5.8%, is Citibank, having originated $184,465,000 in loans.
Glenwood Springs, CO Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 1,319 | $1,409,375,000 | $1,068,518 |
Refi | 527 | $534,205,000 | $1,013,672 |
Cash Out Refi | 454 | $645,300,000 | $1,421,366 |
Home Improvement | 347 | $81,535,000 | $234,971 |
Other | 285 | $535,895,000 | $1,880,333 |
Glenwood Springs's most frequently cited loan purpose was Home Purchase, with 1,319 originations. The 2nd most popular reason was Refi, with 527 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
4-5% | 732 | $537,760,000 | $734,645 |
3-4% | 711 | $947,905,000 | $1,333,200 |
5-6% | 540 | $295,330,000 | $546,907 |
6-7% | 269 | $112,575,000 | $418,494 |
2.5-3% | 239 | $576,215,000 | $2,410,941 |
<2.5% | 176 | $503,250,000 | $2,859,375 |
7-8% | 122 | $148,100,000 | $1,213,934 |
Over 8% | 76 | $19,230,000 | $253,026 |
During 2022, Glenwood Springs's most frequently originated rate bucket was 4-5%, with 732 originations.
Loan Sizing (Glenwood Springs, CO MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 831 | $244,915,000 | $294,723 |
$Over $1MM | 516 | $2,400,230,000 | $4,651,609 |
$400k-600k | 502 | $242,100,000 | $482,271 |
$100,000 or less | 388 | $20,390,000 | $52,552 |
$100k-200k | 363 | $52,355,000 | $144,229 |
$600k-1000k | 332 | $246,320,000 | $741,928 |
Glenwood Springs's loan sizing saw the bucket of loans from $200k-400k with 831 originations, totaling $244,915,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
60-80% | 753 | $1,397,015,000 | $1,855,266 |
80-100% | 633 | $390,765,000 | $617,322 |
Under 20% | 574 | $141,290,000 | $246,150 |
20-40% | 442 | $382,660,000 | $865,747 |
40-60% | 442 | $820,500,000 | $1,856,335 |
Over 100% | 12 | $6,140,000 | $511,667 |
Glenwood Springs's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 753 originations, totaling $1,397,015,000 in origination value.