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 and Refi loans. Credit Union Of Denver has an average proportion of conventional loans. Their top markets by origination volume include: Denver, Boulder, Colorado Springs, Greeley, and Fort Collins among others. We have data for 15 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 above average pick rate when compared to similar lenders. Credit Union Of Denver is typically a low 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 relatively high 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) | 5.09% | 11/17/24 |
| 30 Year Conventional Purchase | 6.01% | 11/17/24 |
| 30 Year Conventional Refi | 6.38% | 11/17/24 |
| 30 Year Cash-out Refi | 6.41% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 15 Year Conventional Refi | 6.89% | 11/17/24 |
| 15 Year Cash-out Refi | 6.89% | 11/17/24 |
| 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. | ||
Credit Union Of Denver Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Credit Union Of Denver. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
803Origination Dollar Volume (All Markets)
$93,985,000Relative Rate
Credit Union Of Denver's average 30 year fixed mortgage rate was
6.33%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.15%.
Relative Fees (Closing Costs)
Credit Union Of Denver's average total fees/closing costs for a 30 year fixed rate
mortgage were $850.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 702 | $81,580,000 | $116,211 | $240 | 6.49% |
| BOULDER, CO (FHA|USDA|VA) | 19 | $3,905,000 | $205,526 | $0 | 5.97% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 19 | $2,265,000 | $119,211 | $0 | 7.34% |
| GREELEY, CO (FHA|USDA|VA) | 22 | $1,680,000 | $76,364 | $151 | 7.19% |
| Outside of Metro Areas | 11 | $1,215,000 | $110,455 | $0 | 6.02% |
| FORT COLLINS, CO (FHA|USDA|VA) | 10 | $900,000 | $90,000 | $0 | 6.02% |
| Edwards, CO (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $0 | 5.93% |
| Glenwood Springs, CO (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $0 | 6.62% |
| Steamboat Springs, CO (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 6.37% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 5.99% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $175 | 6.93% |
| Durango, CO (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 7.87% |
| Sterling, CO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.99% |
| Montrose, CO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.75% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $0 | 6.62% |
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 | 740 | $87,110,000 | $117,716 | n/a | 6.37% |
| Conventional | 63 | $6,875,000 | $109,127 | $223 | 8.08% |
For 2023, Credit Union Of Denver's most frequently originated type of loan was HELOC, with 740 originations. Their 2nd most popular type was Conventional, with 63 originations.
Loan Reason
For 2023, Credit Union Of Denver's most frequently cited loan purpose was Home Improvement, with 444 originations. The 2nd most popular reason was Refi, with 185 originations.
Loan Duration/Length
For 2023, Credit Union Of Denver's most frequently cited loan duration was 20 Year, with 771 originations. The 2nd most popular length was 10 Year, with 13 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 62 | $6,390,000 | $103,065 |
Credit Union Of Denver's average total fees were $850, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 62 originations.
Interest Rates
During 2023, Credit Union Of Denver's average interest rate for loans was 6.33%, while their most frequently originated rate bucket for loans was 5-6%, with 369 originations.
Loan Sizing
2023 saw Credit Union Of Denver place emphasis on $100,000 or less loans with 399 originations, totaling $22,405,000 in origination value.
Applicant Income
Credit Union Of Denver lent most frequently to those with incomes in the $150k-250k range, with 252 originations. The second most popular income band? $100k-150k, with 220 originations.
Applicant Debt to Income Ratio
Credit Union Of Denver lent most frequently to those with DTI ratios of 20-30%, with 147 originations. The next most common DTI ratio? 30-36%, with 139 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.78%
Credit Union Of Denver has a below average approval rate.
Pick Rate
Approvals leading to origination95.27%
Credit Union Of Denver 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 |
|---|---|---|---|
| NA | 803 | $93,985,000 | $117,042 |