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 Other, Home Improvement, and Refi loans. Credit Union Of Denver has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Greeley, Boulder, Fort Collins, and Colorado Springs among others. We have data for 12 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. Credit Union Of Denver is typically an average 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 about average 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% | 4/21/24 |
| 30 Year Conventional Purchase | 6.01% | 4/21/24 |
| 30 Year Conventional Refi | 6.38% | 4/21/24 |
| 30 Year Cash-out Refi | 6.41% | 4/21/24 |
| 15 Year Conventional Purchase | 5.68% | 4/21/24 |
| 15 Year Conventional Refi | 6.89% | 4/21/24 |
| 15 Year Cash-out Refi | 6.89% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,204Origination Dollar Volume (All Markets)
$106,610,000Top 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) | 1,069 | $89,155,000 | $83,400 | $391 | 4.32% |
| GREELEY, CO (FHA|USDA|VA) | 27 | $6,185,000 | $229,074 | $2,195 | 5.03% |
| BOULDER, CO (FHA|USDA|VA) | 23 | $4,275,000 | $185,870 | $2,421 | 4.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 28 | $2,990,000 | $106,786 | $1,209 | 4.59% |
| Outside of Metro Areas | 27 | $2,335,000 | $86,481 | $317 | 4.20% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 15 | $845,000 | $56,333 | $350 | 5.33% |
| Glenwood Springs, CO (FHA|USDA|VA) | 6 | $270,000 | $45,000 | $0 | 4.32% |
| PUEBLO, CO (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 6.06% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $0 | 5.33% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.99% |
| Montrose, CO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 2.99% |
| Durango, CO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.99% |
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 | 848 | $60,360,000 | $71,179 | n/a | 3.98% |
| Conventional | 356 | $46,250,000 | $129,916 | $504 | 5.27% |
For 2018, Credit Union Of Denver's most frequently originated type of loan was HELOC, with 848 originations. Their 2nd most popular type was Conventional, with 356 originations.
Loan Reason
For 2018, Credit Union Of Denver's most frequently cited loan purpose was Other, with 436 originations. The 2nd most popular reason was Home Improvement, with 426 originations.
Loan Duration/Length
For 2018, Credit Union Of Denver's most frequently cited loan duration was 20 Year, with 1,005 originations. The 2nd most popular length was 15 Year, with 81 originations.
Origination Fees/Closing Costs
Credit Union Of Denver's average total fees were $5,250, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 329 originations.
Interest Rates
During 2018, Credit Union Of Denver's average interest rate for loans was 4.81%, while their most frequently originated rate bucket for loans was 2.5-3%, with 426 originations.
Loan Sizing
2018 saw Credit Union Of Denver place emphasis on $100,000 or less loans with 875 originations, totaling $41,605,000 in origination value.
Applicant Income
Credit Union Of Denver lent most frequently to those with incomes in the $100k-150k range, with 357 originations. The second most popular income band? $75k-100k, with 251 originations.
Applicant Debt to Income Ratio
Credit Union Of Denver lent most frequently to those with DTI ratios of 20-30%, with 283 originations. The next most common DTI ratio? 30-36%, with 259 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.26%
Credit Union Of Denver has a below average approval rate.
Pick Rate
Approvals leading to origination92.69%
Credit Union Of Denver has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,204 | $106,610,000 | $88,547 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Credit Union Mortgage Association, Inc. | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |
| Credit Union Mortgage Association, Inc. | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |