Credit Union Of Denver Mortgage Rates, Fees & Info

Lakewood, CO

LEI: 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, 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 5.09% 3/25/24
30 Year Conventional Purchase 6.01% 3/25/24
30 Year Conventional Refi 6.38% 3/25/24
30 Year Cash-out Refi 6.41% 3/25/24
15 Year Conventional Purchase 5.68% 3/25/24
15 Year Conventional Refi 6.89% 3/25/24
15 Year Cash-out Refi 6.89% 3/25/24
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

1,055

Origination Dollar Volume (All Markets)

$90,835,000

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
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%
Credit Union Of Denver's top markets include Denver, Boulder, Greeley, Glenwood Springs, and Fort Collins among others.

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

    ARAPAHOE CREDIT UNION
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    DENVER COMMUNITY
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    INTELLILOAN, INC.
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    PULTE MORTGAGE LLC
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    Ent Credit Union
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    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 381 $24,035,000 $63,084 $59 4.46%
    Other 352 $25,230,000 $71,676 $141 4.80%
    Refi 287 $32,345,000 $112,700 $270 4.97%
    Home Purchase 23 $4,845,000 $210,652 $2,274 4.30%
    Cash Out Refi 12 $4,380,000 $365,000 $5,641 4.17%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 890 $73,120,000 $82,157 $253 4.62%
    15 Year 70 $7,090,000 $101,286 $121 5.15%
    Other 43 $2,845,000 $66,163 $110 5.16%
    10 Year 37 $2,705,000 $73,108 $41 5.46%
    30 Year 13 $5,035,000 $387,308 $5,351 4.24%
    5 Year 2 $40,000 $20,000 $0 5.87%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 296 $29,870,000 $100,912
    $3k-4k 5 $1,265,000 $253,000
    $2k-3k 4 $1,330,000 $332,500
    $1k-2k 2 $310,000 $155,000
    $4k-5k 1 $375,000 $375,000
    $5k+ 1 $915,000 $915,000

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 407 $31,035,000 $76,253
    4-5% 316 $36,830,000 $116,551
    5-6% 260 $18,440,000 $70,923
    6-7% 39 $2,185,000 $56,026
    Over 8% 20 $1,440,000 $72,000
    7-8% 12 $740,000 $61,667
    2.5-3% 1 $165,000 $165,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 754 $38,020,000 $50,424 $83 4.74%
    $100k-200k 251 $35,095,000 $139,821 $200 4.63%
    $200k-400k 39 $10,635,000 $272,692 $2,294 4.47%
    $400k-600k 5 $2,395,000 $479,000 $1,377 4.68%
    $600k-1MM 5 $3,685,000 $737,000 $8,936 4.00%
    $1MM+ 1 $1,005,000 $1,005,000 $2,781 4.50%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 312 $25,890,000 $82,981 $394 4.68%
    $75k-100k 214 $16,060,000 $75,047 $579 4.73%
    $150k-250k 195 $18,655,000 $95,667 $618 4.80%
    $50k-75k 190 $12,580,000 $66,211 $173 4.65%
    $50k or less 71 $4,475,000 $63,028 $242 4.48%
    $250k+ 68 $10,900,000 $160,294 $485 4.79%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 237 $19,455,000 $82,089 $370 4.80%
    20-30% 221 $19,115,000 $86,493 $329 4.36%
    <20% 63 $4,675,000 $74,206 $270 4.19%
    38% 60 $4,870,000 $81,167 $290 4.75%
    41% 47 $3,365,000 $71,596 $150 4.87%
    42% 44 $5,130,000 $116,591 $1,662 4.86%
    36% 41 $3,115,000 $75,976 $254 5.04%
    43% 40 $3,600,000 $90,000 $278 4.77%
    40% 37 $2,975,000 $80,405 $133 5.30%
    44% 37 $3,475,000 $93,919 $1,276 4.27%
    50-60% 35 $3,155,000 $90,143 $642 4.65%
    39% 33 $3,045,000 $92,273 $680 4.75%
    37% 32 $2,480,000 $77,500 $618 4.73%
    45% 27 $1,855,000 $68,704 $0 4.73%
    47% 25 $2,595,000 $103,800 $312 5.61%
    46% 23 $1,415,000 $61,522 $213 5.38%
    48% 22 $1,320,000 $60,000 $83 5.12%
    49% 17 $1,615,000 $95,000 $192 4.71%
    >60% 10 $1,370,000 $137,000 $0 4.26%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 972 $81,400,000 $83,745 $319 4.70%
    Not provided 22 $3,000,000 $136,364 $3,256 4.38%
    Asian 26 $2,930,000 $112,692 $340 4.36%
    Black 23 $1,735,000 $75,435 $94 5.05%
    Not applicable 2 $1,140,000 $570,000 $0 4.25%
    American Indian 8 $580,000 $72,500 $250 5.89%
    Native Hawaiian or Islander 2 $50,000 $25,000 $0 5.12%

    Approval Rates

    Total approvals of all applications
    75.98%

    Credit Union Of Denver has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    94.03%

    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

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,555,000 $518,333
    Single Family (1-4 Units):Manufactured 1 $235,000 $235,000
    Single Family (1-4 Units):Site-Built 1,051 $89,045,000 $84,724

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 240 $28,260,000 $117,750 $156 4.66%
    40-60% 62 $12,550,000 $202,419 $1,156 4.39%
    60-80% 38 $10,410,000 $273,947 $1,280 4.43%
    80-100% 7 $1,905,000 $272,143 $1,232 4.41%
    Under 20% 708 $37,710,000 $53,263 $98 4.76%

    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%