Metrum Community Credit Union Mortgage Rates, Fees & Info

Centennial, CO

LEI: 549300460HWJVMVBAC39

Tax ID: 84-6030822

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Metrum Community Credit Union is a smaller credit union specializing in Other and Home Improvement loans. Metrum Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Boulder, Fort Morgan, and Colorado Springs among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Metrum Community Credit Union has an average approval rate when compared to the average across all 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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    Originations

    40

    Origination Dollar Volume (All Markets)

    $3,660,000

    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) 33 $3,205,000 $97,121 $672 8.31%
    Outside of Metro Areas 2 $190,000 $95,000 $640 8.37%
    BOULDER, CO (FHA|USDA|VA) 1 $125,000 $125,000 $0 8.50%
    Fort Morgan, CO (FHA|USDA|VA) 2 $80,000 $40,000 $601 8.62%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $60,000 $30,000 $409 9.00%
    Metrum Community Credit Union's top markets include Denver, Boulder, Fort Morgan, and Colorado Springs among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 28 $2,190,000 $78,214 $655 8.25%
    HELOC 12 $1,470,000 $122,500 n/a 8.65%

    For 2023, Metrum Community Credit Union's most frequently originated type of loan was Conventional, with 28 originations. Their 2nd most popular type was HELOC, with 12 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 29 $2,415,000 $83,276 $642 8.53%
    Home Improvement 11 $1,245,000 $113,182 $732 7.94%

    For 2023, Metrum Community Credit Union's most frequently cited loan purpose was Other, with 29 originations. The 2nd most popular reason was Home Improvement, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 32 $3,060,000 $95,625 $561 8.52%
    Other 5 $315,000 $63,000 $503 8.49%
    10 Year 1 $55,000 $55,000 $1,307 6.75%
    15 Year 1 $205,000 $205,000 $2,842 5.63%
    5 Year 1 $25,000 $25,000 $449 7.24%

    For 2023, Metrum Community Credit Union's most frequently cited loan duration was 20 Year, with 32 originations. The 2nd most popular length was Other, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 27 $1,985,000 $73,519
    $1k-2k 1 $205,000 $205,000

    Metrum Community 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 27 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 24 $1,970,000 $82,083
    7-8% 13 $1,355,000 $104,231
    5-6% 2 $280,000 $140,000
    6-7% 1 $55,000 $55,000

    During 2023, Metrum Community Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 24 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 23 $1,055,000 $45,870 $588 8.58%
    $100k-200k 12 $1,490,000 $124,167 $544 8.37%
    $200k-400k 5 $1,115,000 $223,000 $1,288 7.37%

    2023 saw Metrum Community Credit Union place emphasis on $100,000 or less loans with 23 originations, totaling $1,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 11 $955,000 $86,818 $484 8.88%
    $150k-250k 10 $940,000 $94,000 $499 8.32%
    $50k-75k 7 $325,000 $46,429 $550 9.17%
    $75k-100k 6 $350,000 $58,333 $605 7.79%
    $250k+ 5 $1,015,000 $203,000 $1,374 7.42%
    $50k or less 1 $75,000 $75,000 $1,450 5.88%

    Metrum Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $150k-250k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 8 $920,000 $115,000 $480 8.40%
    20-30% 7 $545,000 $77,857 $450 8.24%
    38% 4 $320,000 $80,000 $777 8.56%
    <20% 4 $760,000 $190,000 $2,842 7.41%
    41% 3 $165,000 $55,000 $464 8.50%
    44% 3 $155,000 $51,667 $506 9.82%
    45% 3 $225,000 $75,000 $714 9.41%
    36% 2 $210,000 $105,000 $714 7.74%
    >60% 1 $65,000 $65,000 $444 7.99%
    37% 1 $15,000 $15,000 $453 8.49%
    39% 1 $75,000 $75,000 $1,450 5.88%
    40% 1 $35,000 $35,000 $409 7.24%
    42% 1 $115,000 $115,000 $469 8.49%
    47% 1 $55,000 $55,000 $459 9.24%

    Metrum Community Credit Union lent most frequently to those with DTI ratios of 30-36%, with 8 originations. The next most common DTI ratio? 20-30%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 40 $3,660,000 $91,500 $655 8.37%

    Approval Rates

    Total approvals of all applications
    78.43%

    Metrum Community Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 40 $3,660,000 $91,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    40 $3,660,000 $91,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $1,605,000 $178,333 $968 7.73%
    Under 20% 31 $2,055,000 $66,290 $587 8.55%