Credit Union Of Denver Mortgage Rates, Fees & Info

Lakewood, CO

LEI: 254900Y0J7L9XMNKTX90

Tax ID: 84-0186846

Latest/2023 | 2022 Data | 2021 Data | 2020 Data |

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Mortgage Data

Review & Overview

Credit Union Of Denver is a smaller credit union specializing in Refi loans. Credit Union Of Denver has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Greeley, Fort Collins, Boulder, and Steamboat Springs 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 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 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% 3/27/24
30 Year Conventional Purchase 6.01% 3/27/24
30 Year Conventional Refi 6.38% 3/27/24
30 Year Cash-out Refi 6.41% 3/27/24
15 Year Conventional Purchase 5.68% 3/27/24
15 Year Conventional Refi 6.89% 3/27/24
15 Year Cash-out Refi 6.89% 3/27/24
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

1,092

Origination Dollar Volume (All Markets)

$141,080,000

Awards

Credit Union of Denver 30 Year Conventional Loans gold Credit Union of Denver 30 Year Conventional Loans silver
Show all (2) awards

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 $119,835,000 $124,958 $547 3.92%
GREELEY, CO (FHA|USDA|VA) 34 $4,280,000 $125,882 $1,593 4.38%
FORT COLLINS, CO (FHA|USDA|VA) 25 $3,935,000 $157,400 $921 4.14%
Outside of Metro Areas 24 $3,930,000 $163,750 $1,043 3.86%
BOULDER, CO (FHA|USDA|VA) 22 $3,480,000 $158,182 $1,396 4.06%
Steamboat Springs, CO (FHA|USDA|VA) 1 $1,485,000 $1,485,000 $19,557 3.63%
Edwards, CO (FHA|USDA|VA) 2 $1,170,000 $585,000 $13,930 4.88%
COLORADO SPRINGS, CO (FHA|USDA|VA) 11 $835,000 $75,909 $302 4.44%
Breckenridge, CO (FHA|USDA|VA) 3 $735,000 $245,000 $0 3.24%
Fort Morgan, CO (FHA|USDA|VA) 3 $525,000 $175,000 $200 3.42%
Glenwood Springs, CO (FHA|USDA|VA) 2 $350,000 $175,000 $781 4.53%
Durango, CO (FHA|USDA|VA) 2 $200,000 $100,000 $0 3.74%
Montrose, CO (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.12%
PUEBLO, CO (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.45%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.24%
Cañon City, CO (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.99%
Credit Union Of Denver's top markets include Denver, Greeley, Fort Collins, Boulder, and Steamboat Springs 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.

    The District Federal Credit Union
    Similarity Rank: 441
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    WHITE CROWN FEDERAL CREDIT UNION
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    LOANFLIGHT LENDING, LLC
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 570 $42,990,000 $75,421 n/a 3.96%
    Conventional 522 $98,090,000 $187,912 $675 3.93%

    For 2020, Credit Union Of Denver's most frequently originated type of loan was HELOC, with 570 originations. Their 2nd most popular type was Conventional, with 522 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 475 $85,355,000 $179,695 $590 3.74%
    Home Improvement 289 $20,185,000 $69,844 $113 4.03%
    Other 285 $22,315,000 $78,298 $120 4.24%
    Home Purchase 25 $7,945,000 $317,800 $4,521 3.75%
    Cash Out Refi 18 $5,280,000 $293,333 $4,956 3.53%

    For 2020, Credit Union Of Denver's most frequently cited loan purpose was Refi, with 475 originations. The 2nd most popular reason was Home Improvement, with 289 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 749 $70,535,000 $94,172 $314 4.10%
    30 Year 133 $39,975,000 $300,564 $1,689 3.46%
    15 Year 117 $20,315,000 $173,632 $501 3.80%
    10 Year 65 $6,865,000 $105,615 $100 3.34%
    Other 25 $3,225,000 $129,000 $194 4.02%
    5 Year 3 $165,000 $55,000 $0 3.95%

    For 2020, Credit Union Of Denver's most frequently cited loan duration was 20 Year, with 749 originations. The 2nd most popular length was 30 Year, with 133 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 480 $82,200,000 $171,250
    $5k+ 9 $6,265,000 $696,111
    $3k-4k 7 $1,485,000 $212,143
    $2k-3k 4 $610,000 $152,500
    $1k-2k 3 $1,295,000 $431,667
    $4k-5k 3 $815,000 $271,667

    Credit Union Of Denver's average total fees were $1,689, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 480 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 396 $82,690,000 $208,813
    2.5-3% 333 $29,095,000 $87,372
    4-5% 180 $15,340,000 $85,222
    5-6% 152 $11,590,000 $76,250
    Over 8% 14 $960,000 $68,571
    7-8% 10 $530,000 $53,000
    6-7% 5 $435,000 $87,000
    <2.5% 2 $440,000 $220,000

    During 2020, Credit Union Of Denver's average interest rate for loans was 3.46%, while their most frequently originated rate bucket for loans was 3-4%, with 396 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 583 $29,735,000 $51,003 $52 4.20%
    $100k-200k 326 $47,600,000 $146,012 $269 3.73%
    $200k-400k 135 $37,285,000 $276,185 $1,230 3.54%
    $400k-600k 38 $18,290,000 $481,316 $2,243 3.34%
    $600k-1MM 8 $5,640,000 $705,000 $6,126 3.62%
    $1MM+ 2 $2,530,000 $1,265,000 $16,743 3.69%

    2020 saw Credit Union Of Denver place emphasis on $100,000 or less loans with 583 originations, totaling $29,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 285 $35,865,000 $125,842 $716 4.01%
    $50k-75k 232 $24,250,000 $104,526 $400 3.79%
    $150k-250k 226 $31,740,000 $140,442 $715 4.06%
    $75k-100k 183 $19,495,000 $106,530 $621 4.01%
    $50k or less 86 $8,340,000 $96,977 $587 3.49%
    $250k+ 59 $16,075,000 $272,458 $2,340 4.23%

    Credit Union Of Denver lent most frequently to those with incomes in the $100k-150k range, with 285 originations. The second most popular income band? $50k-75k, with 232 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 263 $34,895,000 $132,681 $489 3.79%
    30-36% 213 $24,115,000 $113,216 $496 4.09%
    <20% 114 $14,430,000 $126,579 $533 3.37%
    39% 45 $6,035,000 $134,111 $747 4.20%
    43% 43 $5,065,000 $117,791 $864 4.07%
    37% 41 $5,905,000 $144,024 $742 3.59%
    50-60% 40 $7,720,000 $193,000 $2,969 3.88%
    38% 37 $5,365,000 $145,000 $1,353 3.89%
    36% 37 $5,395,000 $145,811 $754 4.24%
    44% 36 $3,430,000 $95,278 $554 4.52%
    41% 35 $4,285,000 $122,429 $324 4.28%
    46% 34 $4,150,000 $122,059 $638 4.20%
    42% 31 $3,045,000 $98,226 $403 4.14%
    45% 28 $3,550,000 $126,786 $1,447 4.15%
    40% 27 $4,045,000 $149,815 $493 4.22%
    47% 22 $2,180,000 $99,091 $410 4.12%
    48% 20 $1,970,000 $98,500 $475 4.25%
    >60% 10 $1,940,000 $194,000 $2,584 3.56%
    49% 9 $565,000 $62,778 $0 4.25%

    Credit Union Of Denver lent most frequently to those with DTI ratios of 20-30%, with 263 originations. The next most common DTI ratio? 30-36%, with 213 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,017 $126,995,000 $124,872 $621 3.96%
    Asian 20 $3,610,000 $180,500 $386 3.47%
    Not provided 16 $3,440,000 $215,000 $5,119 4.11%
    Not applicable 7 $2,995,000 $427,857 $0 3.84%
    Black 25 $2,985,000 $119,400 $785 3.81%
    American Indian 6 $1,000,000 $166,667 $550 3.65%
    Native Hawaiian or Islander 1 $55,000 $55,000 $0 2.99%

    Approval Rates

    Total approvals of all applications
    83.72%

    Credit Union Of Denver has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    93.04%

    Credit Union Of Denver has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,092 $141,080,000 $129,194

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $755,000 $755,000
    Single Family (1-4 Units):Site-Built 1,091 $140,325,000 $128,621

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 256 $34,810,000 $135,977 $306 3.70%
    40-60% 117 $26,345,000 $225,171 $1,040 3.50%
    60-80% 137 $42,455,000 $309,891 $1,250 3.44%
    80-100% 16 $6,420,000 $401,250 $1,906 3.52%
    Under 20% 566 $31,050,000 $54,859 $52 4.28%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Credit Plus Inc Conventional home mortgage Improper use of your report 1 50.0%
    Credit Plus Inc FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%