Colorado Credit Union Mortgage Rates, Fees & Info

Littleton, CO

LEI: 549300278QYT0O65D265

Tax ID: 84-0660269

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Mortgage Data

Review & Overview

Colorado Credit Union is a smaller credit union specializing in Home Improvement, Other, and Home Purchase loans. Colorado Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Greeley, Colorado Springs, Fort Collins, and Breckenridge among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

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. They typically have relatively high 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
Home Equity Line of Credit (HELOC) 6.27% 12/8/24
30 Year Conventional Purchase 6.00% 12/8/24
30 Year Conventional Refi 6.05% 12/8/24
30 Year Cash-out Refi 6.16% 12/8/24
15 Year Conventional Purchase 5.68% 12/8/24
15 Year Conventional Refi 5.93% 12/8/24
15 Year Cash-out Refi 5.93% 12/8/24
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.

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 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

507

Origination Dollar Volume (All Markets)

$86,845,000

Relative Rate

Colorado Credit Union's average 30 year fixed mortgage rate was 6.55%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.07%.

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
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 421 $73,125,000 $173,694 $286 8.39%
Outside of Metro Areas 12 $2,530,000 $210,833 $225 7.58%
GREELEY, CO (FHA|USDA|VA) 26 $2,530,000 $97,308 $143 8.94%
COLORADO SPRINGS, CO (FHA|USDA|VA) 15 $2,105,000 $140,333 $380 8.90%
FORT COLLINS, CO (FHA|USDA|VA) 9 $1,625,000 $180,556 $0 8.29%
Breckenridge, CO (FHA|USDA|VA) 2 $950,000 $475,000 $0 7.88%
BOULDER, CO (FHA|USDA|VA) 6 $820,000 $136,667 $0 8.21%
GRAND JUNCTION, CO (FHA|USDA|VA) 5 $725,000 $145,000 $380 9.16%
Edwards, CO (FHA|USDA|VA) 3 $705,000 $235,000 $0 8.08%
RICHMOND, VA (FHA|USDA|VA) 1 $385,000 $385,000 $0 6.13%
KNOXVILLE, TN (FHA|USDA|VA) 1 $305,000 $305,000 $0 7.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $265,000 $265,000 $0 6.13%
Taos, NM (FHA|USDA|VA) 1 $225,000 $225,000 $0 6.75%
Glenwood Springs, CO (FHA|USDA|VA) 2 $210,000 $105,000 $0 9.13%
Sterling, CO (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.00%
Cañon City, CO (FHA|USDA|VA) 1 $135,000 $135,000 $0 8.00%
Colorado Credit Union's top markets include Denver, Greeley, Colorado Springs, Fort Collins, and Breckenridge among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 342 $47,320,000 $138,363 n/a 8.74%
    Conventional 165 $39,525,000 $239,545 $271 7.68%

    For 2023, Colorado Credit Union's most frequently originated type of loan was HELOC, with 342 originations. Their 2nd most popular type was Conventional, with 165 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 188 $24,070,000 $128,032 $262 8.60%
    Other 181 $19,115,000 $105,608 $273 8.93%
    Home Purchase 92 $32,750,000 $355,978 $0 7.00%
    Refi 34 $6,800,000 $200,000 $314 8.82%
    Cash Out Refi 12 $4,110,000 $342,500 $0 6.71%

    For 2023, Colorado Credit Union's most frequently cited loan purpose was Home Improvement, with 188 originations. The 2nd most popular reason was Other, with 181 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 345 $48,605,000 $140,884 $0 8.72%
    30 Year 77 $31,695,000 $411,623 $0 6.55%
    20 Year 47 $4,115,000 $87,553 $288 8.97%
    15 Year 23 $1,595,000 $69,348 $221 8.63%
    10 Year 13 $785,000 $60,385 $313 8.27%
    5 Year 2 $50,000 $25,000 $190 7.95%

    For 2023, Colorado Credit Union's most frequently cited loan duration was Other, with 345 originations. The 2nd most popular length was 30 Year, with 77 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 86 $6,860,000 $79,767
    $5k+ 2 $900,000 $450,000
    $1k-2k 1 $735,000 $735,000
    $3k-4k 1 $385,000 $385,000

    Colorado Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 86 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 346 $42,760,000 $123,584
    7-8% 94 $16,600,000 $176,596
    6-7% 49 $19,885,000 $405,816
    5-6% 18 $7,600,000 $422,222

    During 2023, Colorado Credit Union's average interest rate for loans was 6.55%, while their most frequently originated rate bucket for loans was Over 8%, with 346 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 209 $11,925,000 $57,057 $290 8.80%
    $100k-200k 148 $19,460,000 $131,486 $251 8.56%
    $200k-400k 94 $26,440,000 $281,277 $0 8.07%
    $400k-600k 48 $23,590,000 $491,458 $0 7.11%
    $600k-1MM 8 $5,430,000 $678,750 $0 6.33%

    2023 saw Colorado Credit Union place emphasis on $100,000 or less loans with 209 originations, totaling $11,925,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 181 $31,435,000 $173,674 $313 8.35%
    $100k-150k 138 $21,990,000 $159,348 $249 8.45%
    $250k+ 88 $22,800,000 $259,091 $291 8.40%
    $75k-100k 59 $6,675,000 $113,136 $281 8.48%
    $50k-75k 31 $3,265,000 $105,323 $265 8.39%
    $50k or less 8 $550,000 $68,750 $190 7.61%

    Colorado Credit Union lent most frequently to those with incomes in the $150k-250k range, with 181 originations. The second most popular income band? $100k-150k, with 138 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 100 $16,450,000 $164,500 $315 8.20%
    30-36% 95 $16,205,000 $170,579 $271 8.50%
    <20% 34 $6,500,000 $191,176 $95 8.05%
    36% 24 $3,290,000 $137,083 $390 8.68%
    40% 23 $4,395,000 $191,087 $375 8.50%
    38% 23 $4,275,000 $185,870 $230 8.36%
    39% 22 $3,960,000 $180,000 $178 8.24%
    42% 20 $3,610,000 $180,500 $203 8.51%
    48% 19 $3,565,000 $187,632 $380 8.68%
    44% 18 $1,690,000 $93,889 $303 8.59%
    46% 17 $2,035,000 $119,706 $190 8.43%
    45% 16 $3,310,000 $206,875 $0 7.99%
    43% 15 $2,315,000 $154,333 $380 8.49%
    37% 15 $3,025,000 $201,667 $0 8.36%
    47% 15 $2,915,000 $194,333 $0 8.12%
    41% 14 $1,800,000 $128,571 $595 8.64%
    50-60% 14 $2,650,000 $189,286 $190 8.57%
    49% 13 $2,325,000 $178,846 $380 8.60%
    >60% 10 $2,530,000 $253,000 $0 8.95%

    Colorado Credit Union lent most frequently to those with DTI ratios of 20-30%, with 100 originations. The next most common DTI ratio? 30-36%, with 95 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 363 $63,365,000 $174,559 $321 8.37%
    Not provided 118 $18,210,000 $154,322 $136 8.53%
    Asian 11 $1,925,000 $175,000 $380 8.16%
    Black 4 $1,250,000 $312,500 $0 7.09%
    Asian Indian 3 $1,025,000 $341,667 $0 7.21%
    American Indian 5 $645,000 $129,000 $0 8.80%
    Filipino 1 $155,000 $155,000 $0 9.00%
    Chinese 1 $155,000 $155,000 $380 9.25%
    Japanese 1 $115,000 $115,000 $0 9.00%

    Approval Rates

    Total approvals of all applications
    85.37%

    Colorado Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    59.57%

    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
    1526.85 1 $505,000 $505,000
    1550.0 1 $625,000 $625,000
    1680.0 1 $565,000 $565,000
    1816.0 1 $735,000 $735,000
    214.8 1 $125,000 $125,000
    2550.0 1 $345,000 $345,000
    3810.0 1 $385,000 $385,000
    500.0 1 $305,000 $305,000
    820.0 1 $165,000 $165,000
    8500.0 1 $465,000 $465,000
    NA 497 $82,625,000 $166,247

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    507 $86,845,000 $171,292

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 103 $22,965,000 $222,961 $182 8.63%
    40-60% 19 $7,055,000 $371,316 $0 7.24%
    60-80% 30 $13,640,000 $454,667 $0 6.59%
    80-100% 29 $12,385,000 $427,069 $0 6.54%
    Under 20% 324 $29,660,000 $91,543 $284 8.74%