Colorado Credit Union Mortgage Rates, Fees & Info

Littleton, CO

LEI: 549300278QYT0O65D265

Tax ID: 84-0660269

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
  • Complaints
  • 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

    Colorado Credit Union is a smaller credit union specializing in Refi, Home Purchase, and Cash Out Refi loans. Colorado Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Greeley, Boulder, Colorado Springs, and Breckenridge among others. We have data for 39 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. Colorado Credit Union is typically a low 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
    Home Equity Line of Credit (HELOC) 6.27% 11/22/24
    30 Year Conventional Purchase 6.00% 11/22/24
    30 Year Conventional Refi 6.05% 11/22/24
    30 Year Cash-out Refi 6.16% 11/22/24
    15 Year Conventional Purchase 5.68% 11/22/24
    15 Year Conventional Refi 5.93% 11/22/24
    15 Year Cash-out Refi 5.93% 11/22/24
    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

    1,633

    Origination Dollar Volume (All Markets)

    $350,465,000

    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) 1,312 $289,610,000 $220,739 $956 3.60%
    GREELEY, CO (FHA|USDA|VA) 65 $11,215,000 $172,538 $652 3.87%
    BOULDER, CO (FHA|USDA|VA) 40 $10,200,000 $255,000 $0 3.74%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 56 $7,240,000 $129,286 $640 4.16%
    Breckenridge, CO (FHA|USDA|VA) 21 $6,135,000 $292,143 $0 3.70%
    FORT COLLINS, CO (FHA|USDA|VA) 38 $5,110,000 $134,474 $0 3.77%
    Outside of Metro Areas 33 $5,005,000 $151,667 $690 3.79%
    Steamboat Springs, CO (FHA|USDA|VA) 8 $2,270,000 $283,750 $0 3.61%
    GRAND JUNCTION, CO (FHA|USDA|VA) 5 $1,135,000 $227,000 $1,877 3.05%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $1,025,000 $341,667 $0 3.00%
    Edwards, CO (FHA|USDA|VA) 5 $1,015,000 $203,000 $0 3.95%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $900,000 $225,000 $0 2.72%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $700,000 $350,000 $0 2.50%
    Glenwood Springs, CO (FHA|USDA|VA) 6 $660,000 $110,000 $0 5.08%
    Cañon City, CO (FHA|USDA|VA) 5 $645,000 $129,000 $0 4.10%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $630,000 $315,000 $0 2.88%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $530,000 $265,000 $0 2.75%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $515,000 $515,000 $0 2.63%
    Outside of Metro Areas 1 $515,000 $515,000 $0 2.63%
    Durango, CO (FHA|USDA|VA) 3 $425,000 $141,667 $0 4.50%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $415,000 $415,000 $0 2.50%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $405,000 $405,000 $0 2.63%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $375,000 $375,000 $0 2.88%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $345,000 $345,000 $0 3.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 3.25%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $325,000 $325,000 $0 3.38%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $285,000 $285,000 $0 3.25%
    Fort Morgan, CO (FHA|USDA|VA) 1 $285,000 $285,000 $0 2.50%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $255,000 $255,000 $0 2.88%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.25%
    PUEBLO, CO (FHA|USDA|VA) 3 $245,000 $81,667 $0 3.00%
    Payson, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $0 2.63%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 2.63%
    ROCHESTER, NY (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.25%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.75%
    Granbury, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 2.63%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.63%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $115,000 $115,000 $0 2.50%
    Athens, TN (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.25%
    Colorado Credit Union's top markets include Denver, Greeley, Boulder, Colorado Springs, and Breckenridge among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 900 $110,660,000 $122,956 n/a 4.13%
    Conventional 733 $239,805,000 $327,156 $936 3.02%

    For 2020, Colorado Credit Union's most frequently originated type of loan was HELOC, with 900 originations. Their 2nd most popular type was Conventional, with 733 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 574 $151,020,000 $263,101 $1,491 3.27%
    Home Purchase 386 $78,090,000 $202,306 $686 3.85%
    Home Improvement 270 $24,320,000 $90,074 $212 4.20%
    Cash Out Refi 233 $81,215,000 $348,562 $0 2.93%
    Other 170 $15,820,000 $93,059 $299 4.41%

    For 2020, Colorado Credit Union's most frequently cited loan purpose was Refi, with 574 originations. The 2nd most popular reason was Home Purchase, with 386 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 906 $111,140,000 $122,671 $0 4.12%
    30 Year 505 $183,755,000 $363,871 $3,054 2.93%
    15 Year 113 $31,735,000 $280,841 $585 2.74%
    20 Year 94 $21,810,000 $232,021 $470 3.81%
    10 Year 10 $1,790,000 $179,000 $0 2.83%
    5 Year 5 $235,000 $47,000 $335 4.54%

    For 2020, Colorado Credit Union's most frequently cited loan duration was Other, with 906 originations. The 2nd most popular length was 30 Year, with 505 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 727 $239,195,000 $329,017

    Colorado Credit Union's average total fees were $3,054, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 727 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 825 $141,655,000 $171,703
    2.5-3% 398 $137,430,000 $345,302
    4-5% 151 $15,795,000 $104,603
    <2.5% 139 $46,605,000 $335,288
    5-6% 98 $7,850,000 $80,102
    6-7% 18 $1,020,000 $56,667
    7-8% 4 $110,000 $27,500

    During 2020, Colorado Credit Union's average interest rate for loans was 2.93%, while their most frequently originated rate bucket for loans was 3-4%, with 825 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 504 $150,400,000 $298,413 $2,686 3.10%
    $100,000 or less 495 $27,815,000 $56,192 $469 4.33%
    $100k-200k 388 $54,230,000 $139,768 $435 3.86%
    $400k-600k 239 $111,625,000 $467,050 $3,587 2.96%
    $600k-1MM 4 $2,690,000 $672,500 $0 3.06%
    $1MM+ 3 $3,705,000 $1,235,000 $0 3.17%

    2020 saw Colorado Credit Union place emphasis on $200k-400k loans with 504 originations, totaling $150,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 521 $109,215,000 $209,626 $877 3.74%
    $100k-150k 440 $95,280,000 $216,545 $725 3.59%
    $250k+ 295 $67,635,000 $229,271 $386 3.85%
    $75k-100k 205 $45,495,000 $221,927 $1,709 3.40%
    $50k-75k 128 $26,040,000 $203,438 $2,413 3.30%
    $50k or less 41 $6,615,000 $161,341 $683 3.29%

    Colorado Credit Union lent most frequently to those with incomes in the $150k-250k range, with 521 originations. The second most popular income band? $100k-150k, with 440 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 500 $105,570,000 $211,140 $794 3.61%
    30-36% 316 $67,900,000 $214,873 $882 3.64%
    <20% 279 $63,575,000 $227,867 $583 3.50%
    42% 60 $10,250,000 $170,833 $1,994 3.76%
    44% 51 $10,665,000 $209,118 $6,461 3.65%
    39% 49 $9,835,000 $200,714 $155 3.87%
    40% 49 $9,755,000 $199,082 $455 3.74%
    38% 45 $11,015,000 $244,778 $1,702 3.69%
    41% 44 $8,220,000 $186,818 $699 3.90%
    37% 42 $9,030,000 $215,000 $645 3.77%
    45% 41 $9,235,000 $225,244 $0 3.70%
    43% 39 $9,835,000 $252,179 $0 3.48%
    36% 37 $5,975,000 $161,486 $0 3.85%
    46% 22 $5,090,000 $231,364 $0 3.78%
    47% 16 $4,050,000 $253,125 $0 3.59%
    48% 15 $4,395,000 $293,000 $0 3.19%
    49% 12 $3,070,000 $255,833 $0 3.22%
    50-60% 8 $1,860,000 $232,500 $0 3.53%
    >60% 6 $1,020,000 $170,000 $0 3.98%

    Colorado Credit Union lent most frequently to those with DTI ratios of 20-30%, with 500 originations. The next most common DTI ratio? 30-36%, with 316 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,215 $274,565,000 $225,979 $1,245 3.54%
    Not provided 328 $50,960,000 $155,366 $524 4.06%
    Asian 59 $18,165,000 $307,881 $505 3.19%
    Black 15 $2,885,000 $192,333 $0 3.74%
    American Indian 10 $2,610,000 $261,000 $0 3.24%
    Native Hawaiian or Islander 4 $700,000 $175,000 $635 4.38%
    Filipino 1 $495,000 $495,000 $0 2.63%
    Not applicable 1 $85,000 $85,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    92.34%

    Colorado Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.26%

    Colorado Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,633 $350,465,000 $214,614

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 1,632 $350,410,000 $214,712

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 261 $59,455,000 $227,797 $635 3.71%
    40-60% 208 $64,690,000 $311,010 $1,877 2.92%
    60-80% 347 $129,435,000 $373,012 $2,649 2.91%
    80-100% 95 $37,365,000 $393,316 $3,318 2.94%
    Under 20% 722 $59,520,000 $82,438 $460 4.25%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    COLORADO HOUSING AND FINANCE AUTHORITY Conventional home mortgage Trouble during payment process 1 16.7%
    COLORADO HOUSING AND FINANCE AUTHORITY FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    COLORADO HOUSING AND FINANCE AUTHORITY FHA mortgage Struggling to pay mortgage 4 66.7%