Northern Colorado Credit Union Mortgage Rates, Fees & Info
Greeley, COLEI: 254900ZCGCHCFNE8KY02
Tax ID: 84-0523624
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Northern Colorado Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Northern Colorado Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Greeley, Denver, and Fort Collins among others. We have data for 3 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 an above 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% | 11/21/24 |
| 15 Year Conventional Purchase | 5.68% | 11/21/24 |
| 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
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
26Origination Dollar Volume (All Markets)
$3,540,000Top 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) | 23 | $2,915,000 | $126,739 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 26 | $3,540,000 | $136,154 | $0 | 0.00% |
For 2018, Northern Colorado Credit Union's most frequently originated type of loan was Conventional, with 26 originations.
Loan Reason
For 2018, Northern Colorado Credit Union's most frequently cited loan purpose was Cash Out Refi, with 14 originations. The 2nd most popular reason was Other, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 26 | $3,540,000 | $136,154 | $0 | 0.00% |
For 2018, Northern Colorado Credit Union's most frequently cited loan duration was Other, with 26 originations.
Loan Sizing
2018 saw Northern Colorado Credit Union place emphasis on $100,000 or less loans with 12 originations, totaling $540,000 in origination value.
Applicant Income
Northern Colorado Credit Union lent most frequently to those with incomes in the $75k-100k range, with 7 originations. The second most popular income band? $100k-150k, with 6 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 20 | $2,470,000 | $123,500 | $0 | 0.00% |
| Not provided | 6 | $1,070,000 | $178,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications93.10%
Northern Colorado Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination96.15%
Northern Colorado Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 26 | $3,540,000 | $136,154 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Northern Trust Company, The | Conventional home mortgage | Trouble during payment process | 2 | 66.7% |
| Northern Trust Company, The | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |