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 Cash Out Refi and Refi loans. Arapahoe Credit Union has a high proportion of conventional loans. Their top two markets are Denver and Greeley .

    Arapahoe 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. 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.

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    Originations

    24

    Origination Dollar Volume (All Markets)

    $4,420,000

    Awards

    ARAPAHOE CREDIT UNION 30 Year Conventional Loans bronze ARAPAHOE CREDIT UNION 30 Year Conventional Loans silver
    Show all (2) awards

    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) 23 $4,405,000 $191,522 $3,348 3.89%
    GREELEY, CO (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
    Arapahoe Credit Union's top markets include Denver and Greeley 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.

    ARAPAHOE CREDIT UNION
    Similarity Rank: 256
    The District Federal Credit Union
    Similarity Rank: 372
    DENVER COMMUNITY
    Similarity Rank: 480
    INTELLILOAN, INC.
    Similarity Rank: 1053
    Red Rocks Credit Union
    Similarity Rank: 1188
    First American State Bank
    Similarity Rank: 1539
    DENVER FIRE DEPARTMENT FEDERAL CREDIT UNION
    Similarity Rank: 2136
    PULTE MORTGAGE LLC
    Similarity Rank: 2331
    Ent Credit Union
    Similarity Rank: 2700
    CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION
    Similarity Rank: 2772

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 24 $4,420,000 $184,167 $3,348 3.89%

    For 2019, Arapahoe Credit Union's most frequently originated type of loan was Conventional, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 14 $2,970,000 $212,143 $3,666 3.86%
    Home Improvement 5 $445,000 $89,000 $0 0.00%
    Refi 4 $940,000 $235,000 $2,798 4.00%
    Home Purchase 1 $65,000 $65,000 $2,132 3.88%

    For 2019, Arapahoe Credit Union's most frequently cited loan purpose was Cash Out Refi, with 14 originations. The 2nd most popular reason was Home Improvement, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 12 $1,030,000 $85,833 $2,822 3.50%
    30 Year 11 $3,115,000 $283,182 $3,303 3.94%
    20 Year 1 $275,000 $275,000 $4,362 3.75%

    For 2019, Arapahoe Credit Union's most frequently cited loan duration was 15 Year, with 12 originations. The 2nd most popular length was 30 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 8 $1,840,000 $230,000
    $2k-3k 3 $945,000 $315,000
    $1k-2k 1 $485,000 $485,000
    $3k-4k 1 $405,000 $405,000

    Arapahoe Credit Union's average total fees were $3,303, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 8 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 10 $2,960,000 $296,000
    4-5% 3 $715,000 $238,333

    During 2019, Arapahoe Credit Union's average interest rate for loans was 3.94%, while their most frequently originated rate bucket for loans was 3-4%, with 10 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 12 $680,000 $56,667 $2,279 4.00%
    $200k-400k 8 $2,340,000 $292,500 $3,327 3.93%
    $400k-600k 3 $1,295,000 $431,667 $4,405 3.83%
    $100k-200k 1 $105,000 $105,000 $2,453 3.63%

    2019 saw Arapahoe Credit Union place emphasis on $100,000 or less loans with 12 originations, totaling $680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 7 $2,375,000 $339,286 $3,956 4.00%
    $75k-100k 6 $840,000 $140,000 $3,504 3.81%
    $50k-75k 5 $495,000 $99,000 $2,477 3.69%
    $150k-250k 3 $455,000 $151,667 $2,943 3.88%
    $50k or less 2 $180,000 $90,000 $2,439 3.88%
    $250k+ 1 $75,000 $75,000 $0 0.00%

    Arapahoe Credit Union lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $75k-100k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 5 $1,075,000 $215,000 $3,605 3.96%
    <20% 3 $495,000 $165,000 $2,500 3.96%
    43% 3 $745,000 $248,333 $2,915 3.69%
    36% 2 $90,000 $45,000 $0 0.00%
    42% 2 $290,000 $145,000 $4,362 3.75%
    50-60% 2 $170,000 $85,000 $0 0.00%
    20-30% 2 $510,000 $255,000 $3,845 3.69%
    45% 1 $375,000 $375,000 $2,935 4.50%
    46% 1 $205,000 $205,000 $0 0.00%
    38% 1 $405,000 $405,000 $4,388 3.88%
    48% 1 $55,000 $55,000 $0 0.00%
    49% 1 $5,000 $5,000 $0 0.00%

    Arapahoe Credit Union lent most frequently to those with DTI ratios of 30-36%, with 5 originations. The next most common DTI ratio? <20%, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 23 $4,415,000 $191,957 $3,348 3.89%
    Black 1 $5,000 $5,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    75.68%

    Arapahoe Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.33%

    Arapahoe Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 24 $4,420,000 $184,167

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 24 $4,420,000 $184,167

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $95,000 $95,000 $0 0.00%
    40-60% 1 $205,000 $205,000 $0 0.00%
    60-80% 9 $3,065,000 $340,556 $3,722 3.90%
    80-100% 1 $365,000 $365,000 $3,007 3.88%
    Under 20% 12 $690,000 $57,500 $2,337 3.88%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    ARVEST BANK GROUP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 6.8%
    ARVEST BANK GROUP, INC. Conventional home mortgage Closing on a mortgage 2 4.5%
    ARVEST BANK GROUP, INC. Conventional home mortgage Struggling to pay mortgage 5 11.4%
    ARVEST BANK GROUP, INC. Conventional home mortgage Trouble during payment process 30 68.2%
    ARVEST BANK GROUP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 4.5%
    ARVEST BANK GROUP, INC. Other type of mortgage Trouble during payment process 2 4.5%