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, Boulder, Colorado Springs, and Fort Collins among others. We have data for 12 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.

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% 3/28/24
30 Year Conventional Purchase 6.00% 3/28/24
30 Year Conventional Refi 6.05% 3/28/24
30 Year Cash-out Refi 6.16% 3/28/24
15 Year Conventional Purchase 5.68% 3/28/24
15 Year Conventional Refi 5.93% 3/28/24
15 Year Cash-out Refi 5.93% 3/28/24
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.

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

574

Origination Dollar Volume (All Markets)

$62,250,000

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) 470 $51,180,000 $108,894 $0 0.00%
GREELEY, CO (FHA|USDA|VA) 29 $2,935,000 $101,207 $0 0.00%
BOULDER, CO (FHA|USDA|VA) 22 $2,750,000 $125,000 $0 0.00%
COLORADO SPRINGS, CO (FHA|USDA|VA) 23 $1,925,000 $83,696 $0 0.00%
Outside of Metro Areas 14 $1,280,000 $91,429 $0 0.00%
FORT COLLINS, CO (FHA|USDA|VA) 6 $770,000 $128,333 $0 0.00%
Fort Morgan, CO (FHA|USDA|VA) 2 $480,000 $240,000 $0 0.00%
Edwards, CO (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
Glenwood Springs, CO (FHA|USDA|VA) 4 $230,000 $57,500 $0 0.00%
Breckenridge, CO (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Durango, CO (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Steamboat Springs, CO (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Colorado Credit Union's top markets include Denver, Greeley, Boulder, Colorado Springs, and Fort Collins among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 574 $62,250,000 $108,449 $0 0.00%

    For 2019, Colorado Credit Union's most frequently originated type of loan was Conventional, with 574 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 199 $15,495,000 $77,864 $0 0.00%
    Other 179 $14,475,000 $80,866 $0 0.00%
    Refi 82 $10,060,000 $122,683 $0 0.00%
    Home Purchase 80 $12,520,000 $156,500 $0 0.00%
    Cash Out Refi 34 $9,700,000 $285,294 $0 0.00%

    For 2019, Colorado Credit Union's most frequently cited loan purpose was Home Improvement, with 199 originations. The 2nd most popular reason was Other, with 179 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 574 $62,250,000 $108,449 $0 0.00%

    For 2019, Colorado Credit Union's most frequently cited loan duration was Other, with 574 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 365 $17,945,000 $49,164 $0 0.00%
    $100k-200k 129 $17,595,000 $136,395 $0 0.00%
    $200k-400k 62 $17,580,000 $283,548 $0 0.00%
    $400k-600k 17 $7,925,000 $466,176 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%

    2019 saw Colorado Credit Union place emphasis on $100,000 or less loans with 365 originations, totaling $17,945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 176 $23,480,000 $133,409 $0 0.00%
    $100k-150k 164 $14,430,000 $87,988 $0 0.00%
    $50k-75k 76 $6,100,000 $80,263 $0 0.00%
    $75k-100k 73 $5,535,000 $75,822 $0 0.00%
    $250k+ 62 $9,670,000 $155,968 $0 0.00%
    $50k or less 20 $2,880,000 $144,000 $0 0.00%

    Colorado Credit Union lent most frequently to those with incomes in the $150k-250k range, with 176 originations. The second most popular income band? $100k-150k, with 164 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 574 $62,250,000 $108,449 $0 0.00%

    Colorado Credit Union lent most frequently to those with DTI ratios of Exempt%, with 574 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 374 $41,830,000 $111,845 $0 0.00%
    Not provided 189 $19,595,000 $103,677 $0 0.00%
    Asian 5 $545,000 $109,000 $0 0.00%
    Black 4 $230,000 $57,500 $0 0.00%
    Not applicable 1 $35,000 $35,000 $0 0.00%
    American Indian 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.19%

    Colorado Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.47%

    Colorado Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 574 $62,250,000 $108,449

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 574 $62,250,000 $108,449

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    COLORADO HOUSING AND FINANCE AUTHORITY FHA mortgage Improper use of your report 1 25.0%
    COLORADO HOUSING AND FINANCE AUTHORITY FHA mortgage Struggling to pay mortgage 3 75.0%