Northern Colorado Credit Union Mortgage Rates, Fees & Info

Greeley, CO

LEI: 254900ZCGCHCFNE8KY02

Tax ID: 84-0523624

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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, 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, Denver, and Boulder among others. We have data for 5 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. Northern Colorado Credit Union is typically an average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.27% 4/28/24
    15 Year Conventional Purchase 5.68% 4/28/24
    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

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Northern Colorado Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    33

    Origination Dollar Volume (All Markets)

    $7,015,000

    Awards

    Northern Colorado Credit Union 30 Year Conventional Loans bronze
    Show all (1) awards

    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) 24 $4,700,000 $195,833 $3,499 3.50%
    FORT COLLINS, CO (FHA|USDA|VA) 5 $1,425,000 $285,000 $5,092 3.35%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $640,000 $320,000 $4,899 3.06%
    BOULDER, CO (FHA|USDA|VA) 1 $205,000 $205,000 $4,941 3.00%
    Outside of Metro Areas 1 $45,000 $45,000 $2,987 3.00%
    Northern Colorado Credit Union's top markets include Greeley, Fort Collins, Denver, and Boulder among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 33 $7,015,000 $212,576 $3,825 3.42%

    For 2020, Northern Colorado Credit Union's most frequently originated type of loan was Conventional, with 33 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 14 $3,910,000 $279,286 $5,527 3.04%
    Refi 11 $1,585,000 $144,091 $2,709 3.28%
    Home Purchase 5 $1,455,000 $291,000 $4,005 2.98%
    Other 2 $40,000 $20,000 $299 6.87%
    Home Improvement 1 $25,000 $25,000 $299 5.49%

    For 2020, Northern Colorado Credit Union's most frequently cited loan purpose was Cash Out Refi, with 14 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 14 $2,940,000 $210,000 $3,132 3.22%
    30 Year 12 $3,430,000 $285,833 $5,690 3.09%
    5 Year 3 $65,000 $21,667 $299 6.41%
    10 Year 2 $160,000 $80,000 $995 2.75%
    20 Year 2 $420,000 $210,000 $4,913 2.94%

    For 2020, Northern Colorado Credit Union's most frequently cited loan duration was 15 Year, with 14 originations. The 2nd most popular length was 30 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $3k-4k 6 $1,300,000 $216,667
    $2k-3k 5 $995,000 $199,000
    $5k+ 4 $1,890,000 $472,500
    $4k-5k 3 $875,000 $291,667
    $1k-2k 2 $190,000 $95,000

    Northern Colorado Credit Union's average total fees were $5,690, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 6 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 18 $3,660,000 $203,333
    3-4% 8 $2,280,000 $285,000
    5-6% 2 $50,000 $25,000
    <2.5% 2 $390,000 $195,000
    4-5% 1 $555,000 $555,000
    7-8% 1 $65,000 $65,000
    Over 8% 1 $15,000 $15,000

    During 2020, Northern Colorado Credit Union's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 2.5-3%, with 18 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 10 $2,650,000 $265,000 $5,016 3.04%
    $100,000 or less 9 $505,000 $56,111 $907 4.48%
    $100k-200k 9 $1,295,000 $143,889 $3,268 2.90%
    $400k-600k 5 $2,565,000 $513,000 $8,962 3.20%

    2020 saw Northern Colorado Credit Union place emphasis on $200k-400k loans with 10 originations, totaling $2,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 10 $1,820,000 $182,000 $2,949 3.30%
    $100k-150k 9 $1,895,000 $210,556 $4,158 3.85%
    $50k or less 5 $485,000 $97,000 $2,568 2.95%
    $250k+ 4 $1,790,000 $447,500 $7,192 3.28%
    $150k-250k 3 $465,000 $155,000 $2,598 3.87%
    $75k-100k 2 $560,000 $280,000 $6,019 2.88%

    Northern Colorado Credit Union lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $100k-150k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 16 $2,920,000 $182,500 $3,762 3.22%
    <20% 4 $1,150,000 $287,500 $4,482 3.56%
    30-36% 3 $785,000 $261,667 $5,597 3.87%
    44% 2 $530,000 $265,000 $4,234 5.56%
    42% 1 $145,000 $145,000 $3,151 3.13%
    46% 1 $75,000 $75,000 $995 2.75%
    49% 1 $105,000 $105,000 $995 2.75%
    50-60% 1 $105,000 $105,000 $3,371 2.88%
    >60% 1 $555,000 $555,000 $0 4.13%
    38% 1 $225,000 $225,000 $995 2.38%
    39% 1 $165,000 $165,000 $4,494 3.38%
    40% 1 $255,000 $255,000 $4,949 3.00%

    Northern Colorado Credit Union lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? <20%, with 4 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 30 $6,070,000 $202,333 $3,655 3.48%
    Not provided 3 $945,000 $315,000 $6,293 2.83%

    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
    36.36%

    Northern Colorado Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 33 $7,015,000 $212,576

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $555,000 $555,000
    Single Family (1-4 Units):Manufactured 1 $255,000 $255,000
    Single Family (1-4 Units):Site-Built 31 $6,205,000 $200,161

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $850,000 $106,250 $2,011 2.88%
    40-60% 9 $2,685,000 $298,333 $5,395 3.01%
    60-80% 10 $2,590,000 $259,000 $4,626 3.01%
    80-100% 2 $760,000 $380,000 $8,246 3.06%
    Under 20% 4 $130,000 $32,500 $299 6.62%