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 Purchase and Cash Out Refi loans. Northern Colorado Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Greeley, Fort Morgan, 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 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% | 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4Origination Dollar Volume (All Markets)
$760,000Top 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) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 4 | $760,000 | $190,000 | $0 | 0.00% |
For 2022, Northern Colorado Credit Union's most frequently originated type of loan was Conventional, with 4 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 2 | $420,000 | $210,000 | $0 | 0.00% |
| Home Improvement | 1 | $25,000 | $25,000 | $0 | 0.00% |
| Cash Out Refi | 1 | $315,000 | $315,000 | $0 | 0.00% |
For 2022, Northern Colorado Credit Union's most frequently cited loan purpose was Home Purchase, with 2 originations. The 2nd most popular reason was Home Improvement, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 2 | $530,000 | $265,000 | $0 | 0.00% |
| 20 Year | 1 | $25,000 | $25,000 | $0 | 0.00% |
| 30 Year | 1 | $205,000 | $205,000 | $0 | 0.00% |
For 2022, Northern Colorado Credit Union's most frequently cited loan duration was 15 Year, with 2 originations. The 2nd most popular length was 20 Year, with 1 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 3 | $735,000 | $245,000 | $0 | 0.00% |
| $100,000 or less | 1 | $25,000 | $25,000 | $0 | 0.00% |
2022 saw Northern Colorado Credit Union place emphasis on $200k-400k loans with 3 originations, totaling $735,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 2 | $530,000 | $265,000 | $0 | 0.00% |
| $50k or less | 1 | $205,000 | $205,000 | $0 | 0.00% |
| $75k-100k | 1 | $25,000 | $25,000 | $0 | 0.00% |
Northern Colorado Credit Union lent most frequently to those with incomes in the $250k+ range, with 2 originations. The second most popular income band? $50k or less, with 1 originations.
Applicant Debt to Income Ratio
Northern Colorado Credit Union lent most frequently to those with DTI ratios of 30-36%, with 1 originations. The next most common DTI ratio? 44%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 3 | $445,000 | $148,333 | $0 | 0.00% |
| Not provided | 1 | $315,000 | $315,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications77.78%
Northern Colorado Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination25.00%
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 | 4 | $760,000 | $190,000 |