Colorado Credit Union Mortgage Rates, Fees & Info
Littleton, COLEI: 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, Colorado Springs, Greeley, Boulder, and Salinas 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 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/14/24 |
| 30 Year Conventional Purchase | 6.00% | 4/14/24 |
| 30 Year Conventional Refi | 6.05% | 4/14/24 |
| 30 Year Cash-out Refi | 6.16% | 4/14/24 |
| 15 Year Conventional Purchase | 5.68% | 4/14/24 |
| 15 Year Conventional Refi | 5.93% | 4/14/24 |
| 15 Year Cash-out Refi | 5.93% | 4/14/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
575Origination Dollar Volume (All Markets)
$62,285,000Top 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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 480 | $52,770,000 | $109,938 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 28 | $2,530,000 | $90,357 | $0 | 0.00% |
| GREELEY, CO (FHA|USDA|VA) | 22 | $1,480,000 | $67,273 | $0 | 0.00% |
| BOULDER, CO (FHA|USDA|VA) | 10 | $1,080,000 | $108,000 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $760,000 | $76,000 | $0 | 0.00% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 0.00% |
| Edwards, CO (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 5 | $425,000 | $85,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $0 | 0.00% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 0.00% |
| Cañon City, CO (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| Glenwood Springs, CO (FHA|USDA|VA) | 4 | $210,000 | $52,500 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 575 | $62,285,000 | $108,322 | $0 | 0.00% |
For 2018, Colorado Credit Union's most frequently originated type of loan was Conventional, with 575 originations.
Loan Reason
For 2018, Colorado Credit Union's most frequently cited loan purpose was Home Improvement, with 187 originations. The 2nd most popular reason was Other, with 178 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 575 | $62,285,000 | $108,322 | $0 | 0.00% |
For 2018, Colorado Credit Union's most frequently cited loan duration was Other, with 575 originations.
Loan Sizing
2018 saw Colorado Credit Union place emphasis on $100,000 or less loans with 365 originations, totaling $18,655,000 in origination value.
Applicant Income
Colorado Credit Union lent most frequently to those with incomes in the $100k-150k range, with 180 originations. The second most popular income band? $150k-250k, with 166 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 575 | $62,285,000 | $108,322 | $0 | 0.00% |
Colorado Credit Union lent most frequently to those with DTI ratios of Exempt%, with 575 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.85%
Colorado Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination84.52%
Colorado Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 575 | $62,285,000 | $108,322 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 575 | $62,285,000 | $108,322 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COLORADO HOUSING AND FINANCE AUTHORITY | Conventional home mortgage | Struggling to pay mortgage | 1 | 16.7% |
| COLORADO HOUSING AND FINANCE AUTHORITY | Conventional home mortgage | Trouble during payment process | 1 | 16.7% |
| COLORADO HOUSING AND FINANCE AUTHORITY | FHA mortgage | Closing on a mortgage | 1 | 16.7% |
| COLORADO HOUSING AND FINANCE AUTHORITY | FHA mortgage | Struggling to pay mortgage | 1 | 16.7% |
| COLORADO HOUSING AND FINANCE AUTHORITY | FHA mortgage | Trouble during payment process | 1 | 16.7% |
| COLORADO HOUSING AND FINANCE AUTHORITY | Other type of mortgage | Trouble during payment process | 1 | 16.7% |