Credit Union Of Denver Mortgage Rates, Fees & Info

Lakewood, CO

LEI: 254900Y0J7L9XMNKTX90

Tax ID: 84-0186846

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Credit Union Of Denver is a smaller credit union specializing in Home Improvement and Refi loans. Credit Union Of Denver has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Boulder, Greeley, Colorado Springs, and Phoenix 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 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.

    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

    1,126

    Origination Dollar Volume (All Markets)

    $151,770,000

    Awards

    Credit Union of Denver 30 Year Conventional Loans gold Credit Union of Denver 30 Year Conventional Loans gold
    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) 1,002 $134,280,000 $134,012 $432 3.69%
    BOULDER, CO (FHA|USDA|VA) 17 $3,885,000 $228,529 $650 3.40%
    GREELEY, CO (FHA|USDA|VA) 27 $3,285,000 $121,667 $332 4.13%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 22 $2,610,000 $118,636 $541 3.74%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $1,495,000 $1,495,000 $2,756 3.50%
    FORT COLLINS, CO (FHA|USDA|VA) 18 $1,330,000 $73,889 $1,132 4.10%
    Outside of Metro Areas 16 $1,310,000 $81,875 $433 3.64%
    Edwards, CO (FHA|USDA|VA) 4 $1,100,000 $275,000 $0 3.74%
    Breckenridge, CO (FHA|USDA|VA) 5 $685,000 $137,000 $0 3.57%
    Steamboat Springs, CO (FHA|USDA|VA) 3 $615,000 $205,000 $0 3.66%
    GRAND JUNCTION, CO (FHA|USDA|VA) 4 $500,000 $125,000 $0 3.24%
    Montrose, CO (FHA|USDA|VA) 2 $330,000 $165,000 $0 3.07%
    Fort Morgan, CO (FHA|USDA|VA) 2 $230,000 $115,000 $0 2.99%
    PUEBLO, CO (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.60%
    Glenwood Springs, CO (FHA|USDA|VA) 2 $50,000 $25,000 $0 4.32%
    Credit Union Of Denver's top markets include Denver, Boulder, Greeley, Colorado Springs, and Phoenix among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • Arizona (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: 882
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1344
    DENVER COMMUNITY
    Similarity Rank: 1540
    Red Rocks Credit Union
    Similarity Rank: 1830
    Shea Mortgage Inc.
    Similarity Rank: 2432
    WESTERRA CREDIT UNION
    Similarity Rank: 2528
    FOOTHILLS
    Similarity Rank: 2604
    Farmers & Stockmens Bank
    Similarity Rank: 2604
    FIDELIS CATHOLIC
    Similarity Rank: 2700
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 2730

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 683 $63,105,000 $92,394 n/a 3.68%
    Conventional 443 $88,665,000 $200,147 $440 3.74%

    For 2021, Credit Union Of Denver's most frequently originated type of loan was HELOC, with 683 originations. Their 2nd most popular type was Conventional, with 443 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 422 $36,430,000 $86,327 $198 3.70%
    Refi 399 $82,605,000 $207,030 $466 3.54%
    Other 273 $23,625,000 $86,538 $191 3.94%
    Home Purchase 26 $5,650,000 $217,308 $2,066 3.60%
    Cash Out Refi 6 $3,460,000 $576,667 $4,279 3.63%

    For 2021, Credit Union Of Denver's most frequently cited loan purpose was Home Improvement, with 422 originations. The 2nd most popular reason was Refi, with 399 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 793 $81,655,000 $102,970 $282 3.81%
    30 Year 160 $45,880,000 $286,750 $840 3.32%
    15 Year 79 $14,095,000 $178,418 $168 3.72%
    10 Year 64 $6,350,000 $99,219 $99 3.24%
    Other 25 $3,465,000 $138,600 $294 3.83%
    5 Year 5 $325,000 $65,000 $0 3.13%

    For 2021, Credit Union Of Denver's most frequently cited loan duration was 20 Year, with 793 originations. The 2nd most popular length was 30 Year, with 160 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 424 $81,460,000 $192,123
    $3k-4k 4 $940,000 $235,000
    $4k-5k 2 $660,000 $330,000
    $1k-2k 1 $35,000 $35,000

    Credit Union Of Denver's average total fees were $840, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 424 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 494 $49,550,000 $100,304
    3-4% 411 $81,995,000 $199,501
    5-6% 118 $9,450,000 $80,085
    4-5% 86 $9,190,000 $106,860
    Over 8% 10 $1,190,000 $119,000
    6-7% 4 $180,000 $45,000
    7-8% 3 $215,000 $71,667

    During 2021, Credit Union Of Denver's average interest rate for loans was 3.32%, while their most frequently originated rate bucket for loans was 2.5-3%, with 494 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 597 $31,235,000 $52,320 $81 3.87%
    $100k-200k 346 $50,010,000 $144,538 $79 3.54%
    $200k-400k 130 $38,360,000 $295,077 $1,134 3.39%
    $400k-600k 33 $15,515,000 $470,152 $1,129 3.73%
    $600k-1MM 15 $10,525,000 $701,667 $1,489 3.36%
    $1MM+ 5 $6,125,000 $1,225,000 $2,083 3.33%

    2021 saw Credit Union Of Denver place emphasis on $100,000 or less loans with 597 originations, totaling $31,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 310 $37,720,000 $121,677 $444 3.76%
    $150k-250k 259 $37,395,000 $144,382 $586 3.89%
    $75k-100k 193 $20,735,000 $107,435 $395 3.71%
    $50k-75k 181 $18,175,000 $100,414 $234 3.52%
    $250k+ 88 $23,980,000 $272,500 $1,011 3.70%
    $50k or less 83 $9,225,000 $111,145 $466 3.31%

    Credit Union Of Denver lent most frequently to those with incomes in the $100k-150k range, with 310 originations. The second most popular income band? $150k-250k, with 259 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 241 $32,505,000 $134,876 $332 3.53%
    30-36% 221 $28,595,000 $129,389 $471 3.75%
    <20% 99 $14,855,000 $150,051 $368 3.41%
    39% 52 $6,210,000 $119,423 $377 3.79%
    50-60% 49 $5,575,000 $113,776 $305 3.53%
    42% 47 $7,075,000 $150,532 $734 3.54%
    37% 47 $5,865,000 $124,787 $718 3.89%
    40% 45 $5,625,000 $125,000 $424 3.95%
    36% 37 $4,425,000 $119,595 $368 3.90%
    43% 35 $4,495,000 $128,429 $291 4.07%
    45% 35 $5,755,000 $164,429 $1,256 4.00%
    46% 35 $3,465,000 $99,000 $250 4.37%
    38% 35 $4,815,000 $137,571 $895 3.83%
    41% 33 $4,745,000 $143,788 $289 3.76%
    44% 31 $4,345,000 $140,161 $516 3.67%
    47% 30 $3,630,000 $121,000 $383 3.82%
    48% 21 $3,235,000 $154,048 $557 3.80%
    49% 20 $2,120,000 $106,000 $533 3.05%
    >60% 9 $1,275,000 $141,667 $0 3.58%

    Credit Union Of Denver lent most frequently to those with DTI ratios of 20-30%, with 241 originations. The next most common DTI ratio? 30-36%, with 221 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,019 $135,475,000 $132,949 $390 3.70%
    Not provided 30 $5,450,000 $181,667 $1,966 3.52%
    Black 39 $4,205,000 $107,821 $325 3.72%
    Asian 22 $2,900,000 $131,818 $443 3.89%
    Not applicable 3 $2,285,000 $761,667 $0 3.88%
    American Indian 12 $1,260,000 $105,000 $161 3.54%
    Native Hawaiian or Islander 1 $195,000 $195,000 $0 2.99%

    Approval Rates

    Total approvals of all applications
    83.12%

    Credit Union Of Denver has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    94.49%

    Credit Union Of Denver has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,126 $151,770,000 $134,787

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,126 $151,770,000 $134,787

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 234 $33,780,000 $144,359 $146 3.66%
    40-60% 103 $22,845,000 $221,796 $234 3.36%
    60-80% 141 $49,855,000 $353,582 $1,018 3.28%
    80-100% 11 $5,105,000 $464,091 $1,616 3.72%
    Under 20% 637 $40,185,000 $63,085 $96 3.86%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Credit Union Mortgage Association, Inc. Conventional home mortgage Trouble during payment process 1 100.0%