Weld Schools Credit Union Mortgage Rates, Fees & Info

Greeley, CO

LEI: 254900KLRON8YJD2EN33

Tax ID: 84-0526937

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Weld Schools Credit Union is a smaller credit union specializing in Refi and Home Improvement loans. Weld Schools Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Greeley, Fort Collins, Denver, Fort Morgan, and Boulder among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Weld Schools 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.

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    Originations

    137

    Origination Dollar Volume (All Markets)

    $10,295,000

    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
    GREELEY, CO (FHA|USDA|VA) 121 $9,295,000 $76,818 $0 0.00%
    FORT COLLINS, CO (FHA|USDA|VA) 7 $465,000 $66,429 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $210,000 $52,500 $0 0.00%
    Fort Morgan, CO (FHA|USDA|VA) 2 $150,000 $75,000 $0 0.00%
    BOULDER, CO (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Sterling, CO (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Durango, CO (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Weld Schools Credit Union's top markets include Greeley, Fort Collins, Denver, Fort Morgan, and Boulder among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 137 $10,295,000 $75,146 $0 0.00%

    For 2023, Weld Schools Credit Union's most frequently originated type of loan was Conventional, with 137 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 57 $4,305,000 $75,526 $0 0.00%
    Home Improvement 48 $3,110,000 $64,792 $0 0.00%
    Other 24 $1,440,000 $60,000 $0 0.00%
    Cash Out Refi 8 $1,440,000 $180,000 $0 0.00%

    For 2023, Weld Schools Credit Union's most frequently cited loan purpose was Refi, with 57 originations. The 2nd most popular reason was Home Improvement, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 137 $10,295,000 $75,146 $0 0.00%

    For 2023, Weld Schools Credit Union's most frequently cited loan duration was Other, with 137 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 107 $5,605,000 $52,383 $0 0.00%
    $100k-200k 26 $3,580,000 $137,692 $0 0.00%
    $200k-400k 4 $1,110,000 $277,500 $0 0.00%

    2023 saw Weld Schools Credit Union place emphasis on $100,000 or less loans with 107 originations, totaling $5,605,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 49 $3,355,000 $68,469 $0 0.00%
    $150k-250k 31 $2,805,000 $90,484 $0 0.00%
    $75k-100k 26 $1,930,000 $74,231 $0 0.00%
    $50k-75k 14 $1,090,000 $77,857 $0 0.00%
    $50k or less 11 $615,000 $55,909 $0 0.00%
    $250k+ 6 $500,000 $83,333 $0 0.00%

    Weld Schools Credit Union lent most frequently to those with incomes in the $100k-150k range, with 49 originations. The second most popular income band? $150k-250k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 137 $10,295,000 $75,146 $0 0.00%

    Weld Schools Credit Union lent most frequently to those with DTI ratios of Exempt%, with 137 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 137 $10,295,000 $75,146 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.22%

    Weld Schools Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    97.81%

    Weld Schools 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 137 $10,295,000 $75,146

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    137 $10,295,000 $75,146