Arapahoe Credit Union Mortgage Rates, Fees & Info

CENTENNIAL, CO

LEI: 5493009BRGWRR163ZH23

Tax ID: 84-0476152

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
  • Complaints
  • Similar Lenders
  • 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

    Arapahoe Credit Union is a smaller credit union specializing in Home Improvement and Cash Out Refi loans. Arapahoe Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Greeley, and Fort Collins among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Arapahoe Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Arapahoe 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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    Originations

    156

    Origination Dollar Volume (All Markets)

    $13,070,000

    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) 147 $12,555,000 $85,408 $2,861 4.63%
    Outside of Metro Areas 5 $295,000 $59,000 $0 0.00%
    GREELEY, CO (FHA|USDA|VA) 3 $165,000 $55,000 $0 0.00%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Arapahoe Credit Union's top markets include Denver, Greeley, and Fort Collins among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against ARAPAHOE CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Guaranty Bank and Trust Co
    Similarity Rank: 493
    DENVER COMMUNITY
    Similarity Rank: 548
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    First American State Bank
    Similarity Rank: 985
    Aurora Financial, LLC
    Similarity Rank: 1080
    Credit Union Lending Source
    Similarity Rank: 1148
    Calatlantic Morgage Inc.
    Similarity Rank: 1404
    ROCKY MOUNTAIN LAW ENFORCEMENT FCU
    Similarity Rank: 1470
    Elevations Credit Union
    Similarity Rank: 1776
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1927

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 156 $13,070,000 $83,782 $2,861 4.63%

    For 2018, Arapahoe Credit Union's most frequently originated type of loan was Conventional, with 156 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 63 $4,135,000 $65,635 $0 0.00%
    Cash Out Refi 53 $5,065,000 $95,566 $2,836 4.70%
    Other 21 $1,805,000 $85,952 $0 0.00%
    Refi 13 $1,025,000 $78,846 $2,059 4.25%
    Home Purchase 6 $1,040,000 $173,333 $3,788 4.69%

    For 2018, Arapahoe Credit Union's most frequently cited loan purpose was Home Improvement, with 63 originations. The 2nd most popular reason was Cash Out Refi, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 139 $10,135,000 $72,914 $2,878 4.19%
    30 Year 10 $2,460,000 $246,000 $2,963 4.79%
    Other 5 $135,000 $27,000 $0 0.00%
    20 Year 2 $340,000 $170,000 $2,336 4.31%

    For 2018, Arapahoe Credit Union's most frequently cited loan duration was 15 Year, with 139 originations. The 2nd most popular length was 30 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 11 $2,295,000 $208,636
    $1k-2k 2 $590,000 $295,000
    $3k-4k 1 $295,000 $295,000

    Arapahoe Credit Union's average total fees were $2,963, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 11 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 10 $2,030,000 $203,000
    3-4% 2 $420,000 $210,000
    5-6% 2 $730,000 $365,000

    During 2018, Arapahoe Credit Union's average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 4-5%, with 10 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 105 $5,095,000 $48,524 $0 0.00%
    $100k-200k 41 $5,155,000 $125,732 $2,447 4.57%
    $200k-400k 9 $2,415,000 $268,333 $3,317 4.63%
    $400k-600k 1 $405,000 $405,000 $3,026 5.13%

    2018 saw Arapahoe Credit Union place emphasis on $100,000 or less loans with 105 originations, totaling $5,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 139 $9,735,000 $70,036 $0 0.00%
    $75k-100k 5 $1,095,000 $219,000 $2,762 4.63%
    $50k-75k 4 $820,000 $205,000 $3,389 4.56%
    $100k-150k 2 $800,000 $400,000 $2,737 5.00%
    $50k or less 2 $270,000 $135,000 $2,121 4.75%
    $150k-250k 1 $195,000 $195,000 $2,974 4.00%

    Arapahoe Credit Union lent most frequently to those with incomes in the $250k+ range, with 139 originations. The second most popular income band? $75k-100k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 36 $3,290,000 $91,389 $2,725 4.63%
    30-36% 36 $3,230,000 $89,722 $2,827 4.58%
    <20% 13 $805,000 $61,923 $2,014 4.75%
    40% 9 $685,000 $76,111 $0 0.00%
    50-60% 9 $585,000 $65,000 $0 0.00%
    38% 7 $695,000 $99,286 $2,104 3.75%
    46% 6 $470,000 $78,333 $2,782 4.38%
    44% 6 $280,000 $46,667 $0 0.00%
    41% 5 $415,000 $83,000 $2,680 4.75%
    36% 5 $355,000 $71,000 $0 0.00%
    42% 4 $150,000 $37,500 $0 0.00%
    39% 4 $810,000 $202,500 $3,792 4.92%
    43% 4 $210,000 $52,500 $0 0.00%
    48% 3 $505,000 $168,333 $2,448 4.88%
    >60% 3 $335,000 $111,667 $0 0.00%
    45% 2 $30,000 $15,000 $0 0.00%
    37% 2 $60,000 $30,000 $0 0.00%
    47% 1 $105,000 $105,000 $0 0.00%
    49% 1 $55,000 $55,000 $0 0.00%

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

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 151 $12,755,000 $84,470 $2,861 4.63%
    Black 3 $185,000 $61,667 $0 0.00%
    Asian 2 $130,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.89%

    Arapahoe Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.67%

    Arapahoe Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 156 $13,070,000 $83,782

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 156 $13,070,000 $83,782

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $4,570,000 $114,250 $2,323 4.63%
    40-60% 7 $1,305,000 $186,429 $2,805 4.53%
    60-80% 5 $1,285,000 $257,000 $3,398 4.59%
    80-100% 2 $800,000 $400,000 $2,737 5.00%
    Under 20% 102 $5,110,000 $50,098 $0 0.00%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    ARVEST BANK GROUP, INC. Conventional home mortgage Closing on a mortgage 1 2.9%
    ARVEST BANK GROUP, INC. Conventional home mortgage Incorrect information on your report 1 2.9%
    ARVEST BANK GROUP, INC. Conventional home mortgage Struggling to pay mortgage 12 34.3%
    ARVEST BANK GROUP, INC. Conventional home mortgage Trouble during payment process 15 42.9%
    ARVEST BANK GROUP, INC. FHA mortgage Struggling to pay mortgage 3 8.6%
    ARVEST BANK GROUP, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 2.9%
    ARVEST BANK GROUP, INC. Other type of mortgage Struggling to pay mortgage 1 2.9%
    ARVEST BANK GROUP, INC. Other type of mortgage Trouble during payment process 1 2.9%