Western Rockies Federal Credit Union Mortgage Rates, Fees & Info
Grand Junction, COLEI: 254900EF3XN2OQRXL865
Tax ID: 84-0467918
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Western Rockies Federal Credit Union is a smaller credit union specializing in Cash Out Refi loans. Western Rockies Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Grand Junction, Glenwood Springs, and Edwards among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Western Rockies Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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.
Originations
41Origination Dollar Volume (All Markets)
$4,985,000Top 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 |
|---|---|---|---|---|---|
| GRAND JUNCTION, CO (FHA|USDA|VA) | 34 | $4,140,000 | $121,765 | $0 | 0.00% |
| Glenwood Springs, CO (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $0 | 0.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 41 | $4,985,000 | $121,585 | $0 | 0.00% |
For 2019, Western Rockies Federal Credit Union's most frequently originated type of loan was Conventional, with 41 originations.
Loan Reason
For 2019, Western Rockies Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 27 originations. The 2nd most popular reason was Home Purchase, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 41 | $4,985,000 | $121,585 | $0 | 0.00% |
For 2019, Western Rockies Federal Credit Union's most frequently cited loan duration was Other, with 41 originations.
Loan Sizing
2019 saw Western Rockies Federal Credit Union place emphasis on $100,000 or less loans with 21 originations, totaling $975,000 in origination value.
Applicant Income
Western Rockies Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 41 | $4,985,000 | $121,585 | $0 | 0.00% |
Western Rockies Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.00%
Western Rockies Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination95.12%
Western Rockies Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 41 | $4,985,000 | $121,585 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $280,000 | $140,000 |
| Single Family (1-4 Units):Site-Built | 39 | $4,705,000 | $120,641 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| WESTERN UNION COMPANY, THE | Conventional home mortgage | Trouble during payment process | 7 | 70.0% |
| WESTERN UNION COMPANY, THE | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 10.0% |
| WESTERN UNION COMPANY, THE | Other type of mortgage | Trouble during payment process | 2 | 20.0% |