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 Home Improvement, Other, and Refi loans. Credit Union Of Denver has an average proportion of conventional loans. Their top markets by origination volume include: Denver, Boulder, Greeley, Colorado Springs, and Fort Collins 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.09% | 9/1/24 |
| 30 Year Conventional Purchase | 6.01% | 9/1/24 |
| 30 Year Conventional Refi | 6.38% | 9/1/24 |
| 30 Year Cash-out Refi | 6.41% | 9/1/24 |
| 15 Year Conventional Purchase | 5.68% | 9/1/24 |
| 15 Year Conventional Refi | 6.89% | 9/1/24 |
| 15 Year Cash-out Refi | 6.89% | 9/1/24 |
| 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
1,203Origination Dollar Volume (All Markets)
$142,145,000Awards
Credit Union of Denver - 2022
Credit Union of Denver is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 1,049 | $121,225,000 | $115,562 | $333 | 3.65% |
| BOULDER, CO (FHA|USDA|VA) | 28 | $4,990,000 | $178,214 | $2,926 | 3.45% |
| GREELEY, CO (FHA|USDA|VA) | 45 | $4,305,000 | $95,667 | $345 | 3.96% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 17 | $3,335,000 | $196,176 | $3,309 | 4.21% |
| FORT COLLINS, CO (FHA|USDA|VA) | 18 | $2,570,000 | $142,778 | $1,415 | 4.26% |
| Outside of Metro Areas | 22 | $2,160,000 | $98,182 | $745 | 3.88% |
| Steamboat Springs, CO (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $1,425 | 3.94% |
| Breckenridge, CO (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $0 | 3.86% |
| Edwards, CO (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $0 | 4.59% |
| Glenwood Springs, CO (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $0 | 4.75% |
| Fort Morgan, CO (FHA|USDA|VA) | 4 | $200,000 | $50,000 | $350 | 5.03% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 2.87% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 4.00% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.97% |
| Durango, CO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 1.99% |
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 | 974 | $101,540,000 | $104,251 | n/a | 3.33% |
| Conventional | 229 | $40,605,000 | $177,314 | $489 | 5.25% |
For 2022, Credit Union Of Denver's most frequently originated type of loan was HELOC, with 974 originations. Their 2nd most popular type was Conventional, with 229 originations.
Loan Reason
For 2022, Credit Union Of Denver's most frequently cited loan purpose was Home Improvement, with 548 originations. The 2nd most popular reason was Other, with 394 originations.
Loan Duration/Length
For 2022, Credit Union Of Denver's most frequently cited loan duration was 20 Year, with 1,066 originations. The 2nd most popular length was 30 Year, with 44 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 213 | $30,735,000 | $144,296 |
| $5k+ | 3 | $2,175,000 | $725,000 |
| $2k-3k | 1 | $185,000 | $185,000 |
| $4k-5k | 1 | $865,000 | $865,000 |
Credit Union Of Denver's average total fees were $1,752, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 213 originations.
Interest Rates
During 2022, Credit Union Of Denver's average interest rate for loans was 4.08%, while their most frequently originated rate bucket for loans was 3-4%, with 351 originations.
Loan Sizing
2022 saw Credit Union Of Denver place emphasis on $100,000 or less loans with 694 originations, totaling $36,630,000 in origination value.
Applicant Income
Credit Union Of Denver lent most frequently to those with incomes in the $100k-150k range, with 350 originations. The second most popular income band? $150k-250k, with 350 originations.
Applicant Debt to Income Ratio
Credit Union Of Denver lent most frequently to those with DTI ratios of 30-36%, with 220 originations. The next most common DTI ratio? 20-30%, with 218 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.55%
Credit Union Of Denver has a below average approval rate.
Pick Rate
Approvals leading to origination93.35%
Credit Union Of Denver has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,203 | $142,145,000 | $118,159 |