Credit Union Of Denver Mortgage Rates, Fees & Info
Lakewood, COLEI: 254900Y0J7L9XMNKTX90
Tax ID: 84-0186846
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Mortgage Data
Review & Overview
Credit Union Of Denver is a smaller credit union specializing in Home Improvement, Refi, and Other loans. Credit Union Of Denver has an average proportion of conventional loans. Their top markets by origination volume include: Denver, Boulder, Fort Collins, Greeley, and Breckenridge among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Credit Union Of Denver has an average approval rate when compared to the average across all lenders. They have an 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.19% | 4/5/25 |
| 15 Year Conventional Refi | 7.73% | 4/5/25 |
| 15 Year Cash-out Refi | 7.73% | 4/5/25 |
| 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. | ||
Credit Union Of Denver Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
634Origination Dollar Volume (All Markets)
$81,600,000Top 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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 545 | $68,315,000 | $125,349 | $153 | 7.58% |
| BOULDER, CO (FHA|USDA|VA) | 15 | $4,405,000 | $293,667 | $0 | 7.09% |
| FORT COLLINS, CO (FHA|USDA|VA) | 15 | $2,535,000 | $169,000 | $0 | 7.34% |
| GREELEY, CO (FHA|USDA|VA) | 21 | $1,985,000 | $94,524 | $0 | 7.59% |
| Outside of Metro Areas | 12 | $1,570,000 | $130,833 | $0 | 7.16% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $0 | 6.99% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 10 | $860,000 | $86,000 | $0 | 7.24% |
| PUEBLO, CO (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 6.99% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 8.21% |
| Cañon City, CO (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 7.40% |
| Edwards, CO (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $0 | 6.99% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.00% |
| Durango, CO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Credit Union of Denver based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 581 | $75,925,000 | $130,680 | n/a | 7.45% |
| Conventional | 53 | $5,675,000 | $107,075 | $144 | 8.58% |
For 2024, Credit Union Of Denver's most frequently originated type of loan was HELOC, with 581 originations. Their 2nd most popular type was Conventional, with 53 originations.
Loan Reason
For 2024, Credit Union Of Denver's most frequently cited loan purpose was Home Improvement, with 290 originations. The 2nd most popular reason was Refi, with 196 originations.
Loan Duration/Length
For 2024, Credit Union Of Denver's most frequently cited loan duration was 20 Year, with 612 originations. The 2nd most popular length was 10 Year, with 10 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 53 | $5,675,000 | $107,075 |
Credit Union Of Denver's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 53 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 340 | $46,720,000 | $137,412 |
| 7-8% | 194 | $24,300,000 | $125,258 |
| Over 8% | 100 | $10,580,000 | $105,800 |
During 2024, Credit Union Of Denver's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 340 originations.
Loan Sizing
2024 saw Credit Union Of Denver place emphasis on $100,000 or less loans with 311 originations, totaling $17,215,000 in origination value.
Applicant Income
Credit Union Of Denver lent most frequently to those with incomes in the $100k-150k range, with 186 originations. The second most popular income band? $150k-250k, with 185 originations.
Applicant Debt to Income Ratio
Credit Union Of Denver lent most frequently to those with DTI ratios of 20-30%, with 115 originations. The next most common DTI ratio? 30-36%, with 113 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.38%
Credit Union Of Denver has a below average approval rate.
Pick Rate
Approvals leading to origination94.79%
Credit Union Of Denver has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 634 | $81,600,000 | $128,707 |