Credit Union Of Denver Mortgage Rates, Fees & Info
Lakewood, COLEI: 254900Y0J7L9XMNKTX90
Tax ID: 84-0186846
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Credit Union Of Denver is a smaller credit union specializing in Home Improvement, Other, and Refi loans. Credit Union Of Denver has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Boulder, Greeley, Glenwood Springs, and Fort Collins among others. We have data for 16 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.
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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.09% | 11/22/24 |
| 30 Year Conventional Purchase | 6.01% | 11/22/24 |
| 30 Year Conventional Refi | 6.38% | 11/22/24 |
| 30 Year Cash-out Refi | 6.41% | 11/22/24 |
| 15 Year Conventional Purchase | 5.68% | 11/22/24 |
| 15 Year Conventional Refi | 6.89% | 11/22/24 |
| 15 Year Cash-out Refi | 6.89% | 11/22/24 |
| 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
1,055Origination Dollar Volume (All Markets)
$90,835,000Top 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) | 959 | $80,065,000 | $83,488 | $266 | 4.68% |
| BOULDER, CO (FHA|USDA|VA) | 16 | $3,420,000 | $213,750 | $4,569 | 4.30% |
| GREELEY, CO (FHA|USDA|VA) | 30 | $2,320,000 | $77,333 | $1,057 | 5.22% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $2,781 | 4.75% |
| FORT COLLINS, CO (FHA|USDA|VA) | 10 | $990,000 | $99,000 | $328 | 5.16% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 12 | $850,000 | $70,833 | $2,156 | 5.18% |
| Outside of Metro Areas | 11 | $665,000 | $60,455 | $0 | 4.29% |
| Edwards, CO (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $650 | 4.74% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,844 | 4.31% |
| Durango, CO (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 5.50% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $112 | 5.35% |
| Sterling, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.74% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.50% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 5.50% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.49% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $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.
Similarity Rank: 256
Similarity Rank: 372
Similarity Rank: 480
Similarity Rank: 1053
Similarity Rank: 1188
Similarity Rank: 1539
Similarity Rank: 2136
Similarity Rank: 2331
Similarity Rank: 2700
Similarity Rank: 2772
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 734 | $53,440,000 | $72,807 | n/a | 4.40% |
| Conventional | 321 | $37,395,000 | $116,495 | $396 | 5.39% |
For 2019, Credit Union Of Denver's most frequently originated type of loan was HELOC, with 734 originations. Their 2nd most popular type was Conventional, with 321 originations.
Loan Reason
For 2019, Credit Union Of Denver's most frequently cited loan purpose was Home Improvement, with 381 originations. The 2nd most popular reason was Other, with 352 originations.
Loan Duration/Length
For 2019, Credit Union Of Denver's most frequently cited loan duration was 20 Year, with 890 originations. The 2nd most popular length was 15 Year, with 70 originations.
Origination Fees/Closing Costs
Credit Union Of Denver's average total fees were $5,351, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 296 originations.
Interest Rates
During 2019, Credit Union Of Denver's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 3-4%, with 407 originations.
Loan Sizing
2019 saw Credit Union Of Denver place emphasis on $100,000 or less loans with 754 originations, totaling $38,020,000 in origination value.
Applicant Income
Credit Union Of Denver lent most frequently to those with incomes in the $100k-150k range, with 312 originations. The second most popular income band? $75k-100k, with 214 originations.
Applicant Debt to Income Ratio
Credit Union Of Denver lent most frequently to those with DTI ratios of 30-36%, with 237 originations. The next most common DTI ratio? 20-30%, with 221 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.98%
Credit Union Of Denver has a below average approval rate.
Pick Rate
Approvals leading to origination94.03%
Credit Union Of Denver has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,055 | $90,835,000 | $86,100 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Credit Plus Inc | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 66.7% |
| Credit Plus Inc | Conventional home mortgage | Improper use of your report | 1 | 33.3% |