Northern Colorado Credit Union Mortgage Rates, Fees & Info

Greeley, CO

LEI: 254900ZCGCHCFNE8KY02

Tax ID: 84-0523624

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    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, Fort Collins, and Denver 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 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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    Originations

    11

    Origination Dollar Volume (All Markets)

    $2,935,000

    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
    GREELEY, CO (FHA|USDA|VA) 9 $2,565,000 $285,000 $0 0.00%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Northern Colorado Credit Union's top markets include Greeley, Fort Collins, and Denver among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 11 $2,935,000 $266,818 $0 0.00%

    For 2019, Northern Colorado Credit Union's most frequently originated type of loan was Conventional, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 4 $380,000 $95,000 $0 0.00%
    Cash Out Refi 4 $1,140,000 $285,000 $0 0.00%
    Home Purchase 3 $1,415,000 $471,667 $0 0.00%

    For 2019, Northern Colorado Credit Union's most frequently cited loan purpose was Refi, with 4 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 11 $2,935,000 $266,818 $0 0.00%

    For 2019, Northern Colorado Credit Union's most frequently cited loan duration was Other, with 11 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 5 $1,505,000 $301,000 $0 0.00%
    $100,000 or less 3 $195,000 $65,000 $0 0.00%
    $100k-200k 2 $270,000 $135,000 $0 0.00%
    $600k-1MM 1 $965,000 $965,000 $0 0.00%

    2019 saw Northern Colorado Credit Union place emphasis on $200k-400k loans with 5 originations, totaling $1,505,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 4 $1,000,000 $250,000 $0 0.00%
    $150k-250k 3 $565,000 $188,333 $0 0.00%
    $50k or less 2 $320,000 $160,000 $0 0.00%
    $50k-75k 1 $85,000 $85,000 $0 0.00%

    Northern Colorado Credit Union lent most frequently to those with incomes in the $100k-150k range, with 4 originations. The second most popular income band? $150k-250k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 11 $2,935,000 $266,818 $0 0.00%

    Northern Colorado Credit Union lent most frequently to those with DTI ratios of Exempt%, with 11 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 7 $1,715,000 $245,000 $0 0.00%
    Not provided 3 $1,005,000 $335,000 $0 0.00%
    Asian 1 $215,000 $215,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    81.82%

    Northern Colorado Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 11 $2,935,000 $266,818

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $965,000 $965,000
    Single Family (1-4 Units):Site-Built 10 $1,970,000 $197,000

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Northern Trust Company, The Conventional home mortgage Trouble during payment process 2 50.0%
    Northern Trust Company, The Other type of mortgage Improper use of your report 1 25.0%
    Northern Trust Company, The VA mortgage Struggling to pay mortgage 1 25.0%