Northern Colorado Credit Union Mortgage Rates, Fees & Info
Greeley, COLEI: 254900ZCGCHCFNE8KY02
Tax ID: 84-0523624
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Mortgage Data
Review & Overview
Northern Colorado Credit Union is a smaller credit union specializing in Home Improvement and Cash Out Refi loans. Northern Colorado Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Greeley, Fort Collins, Denver, and Bartlesville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Northern Colorado Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 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. | ||
Northern Colorado Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
38Origination Dollar Volume (All Markets)
$2,210,000Top 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 |
|---|---|---|---|---|---|
| GREELEY, CO (FHA|USDA|VA) | 32 | $1,890,000 | $59,063 | $0 | 6.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $160,000 | $40,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 37 | $2,075,000 | $56,081 | n/a | 0.00% |
| Conventional | 1 | $135,000 | $135,000 | $0 | 6.00% |
For 2023, Northern Colorado Credit Union's most frequently originated type of loan was HELOC, with 37 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 20 | $1,030,000 | $51,500 | $0 | 0.00% |
| Cash Out Refi | 15 | $1,025,000 | $68,333 | $0 | 6.00% |
| Refi | 3 | $155,000 | $51,667 | $0 | 0.00% |
For 2023, Northern Colorado Credit Union's most frequently cited loan purpose was Home Improvement, with 20 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 37 | $2,075,000 | $56,081 | $0 | 0.00% |
| 15 Year | 1 | $135,000 | $135,000 | $0 | 6.00% |
For 2023, Northern Colorado Credit Union's most frequently cited loan duration was 20 Year, with 37 originations. The 2nd most popular length was 15 Year, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1 | $135,000 | $135,000 |
During 2023, Northern Colorado Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 1 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 33 | $1,555,000 | $47,121 | $0 | 0.00% |
| $100k-200k | 5 | $655,000 | $131,000 | $0 | 6.00% |
2023 saw Northern Colorado Credit Union place emphasis on $100,000 or less loans with 33 originations, totaling $1,555,000 in origination value.
Applicant Income
Northern Colorado Credit Union lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $150k-250k, with 8 originations.
Applicant Debt to Income Ratio
Northern Colorado Credit Union lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? 30-36%, with 9 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 37 | $2,075,000 | $56,081 | $0 | 0.00% |
| Not applicable | 1 | $135,000 | $135,000 | $0 | 6.00% |
Approval Rates
Total approvals of all applications95.65%
Northern Colorado Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.21%
Northern Colorado Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 38 | $2,210,000 | $58,158 |