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 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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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
11Origination Dollar Volume (All Markets)
$2,935,000Top 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) | 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% |
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
2019 saw Northern Colorado Credit Union place emphasis on $200k-400k loans with 5 originations, totaling $1,505,000 in origination value.
Applicant Income
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 applications100.00%
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 origination81.82%
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% |