Credit Union Of Colorado A Federal Credit Union Mortgage Rates, Fees & Info

Denver, CO

LEI: 549300ABEFRFKC9S8368

Tax ID: 84-0174408

5 stars - Updated: 4/18/24 - out of 5 stars, based on 41 reviews

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

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Mortgage Data

Review & Overview

Credit Union Of Colorado A Federal Credit Union is a smaller credit union specializing in Other loans. Credit Union Of Colorado A Federal Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Denver, Grand Junction, Greeley, Fort Collins, and Colorado Springs among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

Credit Union Of Colorado A Federal 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. Credit Union Of Colorado A Federal 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 relatively high 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 1.00% 4/18/24
30 Year Conventional Purchase 6.32% 4/18/24
30 Year Conventional Refi 5.93% 4/18/24
30 Year Cash-out Refi 6.55% 4/18/24
15 Year Conventional Purchase 5.70% 4/18/24
15 Year Conventional Refi 4.92% 4/18/24
15 Year Cash-out Refi 4.92% 4/18/24
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.

Credit Union Of Colorado A Federal Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Credit Union Of Colorado A Federal 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

1,659

Origination Dollar Volume (All Markets)

$201,385,000

Awards

CREDIT UNION OF COLORADO A FEDERAL CREDIT UNION 30 Year Conventional Loans gold
Show all (1) awards

Relative Rate

Credit Union Of Colorado A Federal Credit Union's average 30 year fixed mortgage rate was 6.44%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.04%.

Relative Fees (Closing Costs)

Credit Union Of Colorado A Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,499.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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) 914 $114,690,000 $125,481 $3,598 8.05%
GRAND JUNCTION, CO (FHA|USDA|VA) 154 $16,960,000 $110,130 $2,809 7.93%
GREELEY, CO (FHA|USDA|VA) 133 $13,445,000 $101,090 $3,010 8.33%
FORT COLLINS, CO (FHA|USDA|VA) 80 $10,150,000 $126,875 $3,510 7.97%
COLORADO SPRINGS, CO (FHA|USDA|VA) 70 $8,600,000 $122,857 $2,985 8.13%
PUEBLO, CO (FHA|USDA|VA) 83 $7,685,000 $92,590 $2,572 7.95%
Durango, CO (FHA|USDA|VA) 51 $7,455,000 $146,176 $3,870 7.93%
Outside of Metro Areas 57 $7,245,000 $127,105 $3,125 7.83%
Cañon City, CO (FHA|USDA|VA) 58 $5,730,000 $98,793 $3,161 8.11%
BOULDER, CO (FHA|USDA|VA) 17 $3,285,000 $193,235 $0 8.12%
Edwards, CO (FHA|USDA|VA) 9 $1,745,000 $193,889 $4,307 7.78%
Glenwood Springs, CO (FHA|USDA|VA) 8 $1,430,000 $178,750 $4,954 8.69%
Montrose, CO (FHA|USDA|VA) 8 $1,080,000 $135,000 $4,696 7.58%
Steamboat Springs, CO (FHA|USDA|VA) 2 $660,000 $330,000 $3,276 7.13%
Breckenridge, CO (FHA|USDA|VA) 3 $495,000 $165,000 $143 8.42%
Sterling, CO (FHA|USDA|VA) 6 $440,000 $73,333 $6,284 7.35%
Craig, CO (FHA|USDA|VA) 2 $100,000 $50,000 $168 8.88%
Fort Morgan, CO (FHA|USDA|VA) 2 $100,000 $50,000 $0 9.13%
WICHITA, KS (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.75%
TOPEKA, KS (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.00%
Credit Union Of Colorado A Federal Credit Union's top markets include Denver, Grand Junction, Greeley, Fort Collins, and Colorado Springs among others.

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

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

    SunWest Credit Union
    Similarity Rank: 22
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    PRIORITY HOME MORTGAGE, L.P.
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    PREMIER MORTGAGE SERVICES, INC.
    Similarity Rank: 100
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 300
    Grand Valley Bank
    Similarity Rank: 351
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    Similarity Rank: 589
    Glacier Bank
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    HOME MORTGAGE ALLIANCE, LLC
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    ON TAP
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,447 $150,395,000 $103,936 n/a 8.19%
    Conventional 212 $50,990,000 $240,519 $3,301 7.06%

    For 2023, Credit Union Of Colorado A Federal Credit Union's most frequently originated type of loan was HELOC, with 1,447 originations. Their 2nd most popular type was Conventional, with 212 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 1,292 $132,740,000 $102,740 $1,616 8.22%
    Cash Out Refi 256 $32,450,000 $126,758 $1,800 7.82%
    Home Purchase 102 $33,970,000 $333,039 $4,894 6.44%
    Refi 9 $2,225,000 $247,222 $2,645 6.15%

    For 2023, Credit Union Of Colorado A Federal Credit Union's most frequently cited loan purpose was Other, with 1,292 originations. The 2nd most popular reason was Cash Out Refi, with 256 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,447 $150,395,000 $103,936 $0 8.19%
    30 Year 140 $44,950,000 $321,071 $4,499 6.44%
    15 Year 39 $3,235,000 $82,949 $661 8.38%
    10 Year 24 $1,450,000 $60,417 $1,145 8.40%
    5 Year 4 $170,000 $42,500 $292 8.00%
    20 Year 3 $535,000 $178,333 $2,751 6.13%
    30+ year 2 $650,000 $325,000 $3,636 6.63%

    For 2023, Credit Union Of Colorado A Federal Credit Union's most frequently cited loan duration was Other, with 1,447 originations. The 2nd most popular length was 30 Year, with 140 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 124 $20,800,000 $167,742
    $1k-2k 30 $9,350,000 $311,667
    $5k+ 26 $9,810,000 $377,308
    $2k-3k 13 $4,575,000 $351,923
    $3k-4k 12 $4,570,000 $380,833
    $4k-5k 7 $1,885,000 $269,286

    Credit Union Of Colorado A Federal Credit Union's average total fees were $4,499, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 124 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 859 $97,325,000 $113,300
    Over 8% 583 $55,615,000 $95,395
    6-7% 146 $25,930,000 $177,603
    5-6% 60 $21,410,000 $356,833
    4-5% 5 $1,005,000 $201,000

    During 2023, Credit Union Of Colorado A Federal Credit Union's average interest rate for loans was 6.44%, while their most frequently originated rate bucket for loans was 7-8%, with 859 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 950 $52,910,000 $55,695 $815 8.22%
    $100k-200k 428 $56,870,000 $132,874 $2,813 8.07%
    $200k-400k 208 $55,360,000 $266,154 $4,133 7.57%
    $400k-600k 61 $27,175,000 $445,492 $6,132 7.16%
    $600k-1MM 11 $7,655,000 $695,909 $6,065 6.20%
    $1MM+ 1 $1,415,000 $1,415,000 $12,431 5.75%

    2023 saw Credit Union Of Colorado A Federal Credit Union place emphasis on $100,000 or less loans with 950 originations, totaling $52,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 469 $58,175,000 $124,041 $2,870 8.05%
    $50k-75k 339 $29,205,000 $86,150 $2,915 8.02%
    $150k-250k 326 $50,400,000 $154,601 $4,212 8.12%
    $75k-100k 316 $32,370,000 $102,437 $3,308 8.00%
    $50k or less 128 $8,440,000 $65,938 $3,415 7.92%
    $250k+ 81 $22,795,000 $281,420 $4,276 8.17%

    Credit Union Of Colorado A Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 469 originations. The second most popular income band? $50k-75k, with 339 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 247 $31,115,000 $125,972 $3,219 7.71%
    30-36% 229 $31,185,000 $136,179 $3,490 7.82%
    49% 144 $14,520,000 $100,833 $1,937 8.31%
    47% 119 $13,595,000 $114,244 $2,234 8.35%
    45% 102 $12,560,000 $123,137 $2,045 8.21%
    48% 94 $10,200,000 $108,511 $3,402 8.38%
    46% 82 $8,930,000 $108,902 $2,382 8.28%
    <20% 78 $8,050,000 $103,205 $2,899 7.68%
    42% 70 $11,380,000 $162,571 $4,238 7.76%
    43% 70 $8,090,000 $115,571 $3,181 8.16%
    44% 70 $8,480,000 $121,143 $3,169 8.33%
    41% 61 $7,675,000 $125,820 $5,995 7.94%
    50-60% 61 $5,475,000 $89,754 $1,663 8.59%
    40% 60 $7,170,000 $119,500 $2,048 7.92%
    38% 48 $6,290,000 $131,042 $3,063 7.95%
    39% 47 $6,865,000 $146,064 $4,545 7.98%
    36% 44 $6,070,000 $137,955 $5,501 7.99%
    37% 31 $3,605,000 $116,290 $630 8.08%
    >60% 2 $130,000 $65,000 $0 8.38%

    Credit Union Of Colorado A Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 247 originations. The next most common DTI ratio? 30-36%, with 229 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,185 $141,555,000 $119,456 $3,238 8.04%
    Not provided 385 $50,195,000 $130,377 $3,435 8.06%
    Black 46 $4,940,000 $107,391 $3,087 8.18%
    American Indian 28 $2,540,000 $90,714 $2,458 7.96%
    Asian 15 $2,155,000 $143,667 $6,638 8.12%

    Approval Rates

    Total approvals of all applications
    87.58%

    Credit Union Of Colorado A Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.17%

    Credit Union Of Colorado A Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 55 $6,425,000 $116,818
    1042.5 5 $695,000 $139,000
    1050.5 1 $75,000 $75,000
    1070.5 1 $65,000 $65,000
    1082.5 2 $810,000 $405,000
    1117.5 3 $425,000 $141,667
    1120.5 1 $135,000 $135,000
    1132.5 2 $270,000 $135,000
    1140.5 4 $430,000 $107,500
    1142.5 1 $185,000 $185,000
    1155.5 1 $125,000 $125,000
    1165.5 2 $200,000 $100,000
    1167.5 4 $620,000 $155,000
    1185.5 1 $115,000 $115,000
    1192.5 3 $405,000 $135,000
    1195.5 1 $125,000 $125,000
    1210.5 1 $105,000 $105,000
    1215.5 5 $775,000 $155,000
    1225.5 1 $145,000 $145,000
    1230.5 1 $175,000 $175,000
    1242.5 2 $340,000 $170,000
    125.0 16 $1,680,000 $105,000
    1265.5 1 $155,000 $155,000
    1267.5 2 $520,000 $260,000
    1290.5 1 $205,000 $205,000
    1292.5 1 $215,000 $215,000
    1302.5 1 $355,000 $355,000
    1315.5 1 $235,000 $235,000
    1340.5 5 $925,000 $185,000
    1342.5 1 $485,000 $485,000
    1350.5 1 $255,000 $255,000
    1352.5 1 $305,000 $305,000
    1355.5 3 $435,000 $145,000
    1357.5 1 $325,000 $325,000
    1392.5 1 $245,000 $245,000
    1395.5 1 $155,000 $155,000
    140.0 2 $330,000 $165,000
    1400.5 5 $1,735,000 $347,000
    1410.5 1 $125,000 $125,000
    1417.5 1 $405,000 $405,000
    142.5 252 $19,650,000 $77,976
    1425.5 1 $185,000 $185,000
    1430.5 3 $865,000 $288,333
    1440.5 1 $325,000 $325,000
    1447.5 1 $395,000 $395,000
    1457.5 1 $505,000 $505,000
    1465.5 1 $325,000 $325,000
    1473.5 2 $400,000 $200,000
    1515.5 1 $125,000 $125,000
    1520.5 1 $405,000 $405,000
    152.5 3 $255,000 $85,000
    1530.5 1 $175,000 $175,000
    1533.5 1 $385,000 $385,000
    1535.5 1 $405,000 $405,000
    1545.5 1 $265,000 $265,000
    1555.5 1 $105,000 $105,000
    1557.5 1 $105,000 $105,000
    1565.5 1 $385,000 $385,000
    1567.5 1 $305,000 $305,000
    157.5 22 $2,050,000 $93,182
    1575.5 1 $405,000 $405,000
    1670.5 1 $175,000 $175,000
    167.5 316 $22,420,000 $70,949
    1675.5 1 $405,000 $405,000
    170.0 1 $105,000 $105,000
    1724.88 1 $55,000 $55,000
    172.5 5 $285,000 $57,000
    177.5 2 $210,000 $105,000
    1780.5 1 $345,000 $345,000
    182.5 26 $1,960,000 $75,385
    187.5 1 $105,000 $105,000
    192.5 47 $3,685,000 $78,404
    197.5 7 $605,000 $86,429
    202.5 2 $210,000 $105,000
    207.5 3 $165,000 $55,000
    212.5 1 $55,000 $55,000
    2141.5 1 $155,000 $155,000
    217.5 7 $1,315,000 $187,857
    227.5 1 $75,000 $75,000
    237.5 1 $155,000 $155,000
    242.5 5 $655,000 $131,000
    257.5 1 $255,000 $255,000
    267.5 54 $4,210,000 $77,963
    272.5 1 $205,000 $205,000
    277.5 2 $170,000 $85,000
    282.5 11 $1,545,000 $140,455
    2872.5 1 $215,000 $215,000
    292.5 106 $6,760,000 $63,774
    302.5 1 $55,000 $55,000
    307.5 16 $1,050,000 $65,625
    317.5 5 $475,000 $95,000
    320.5 1 $55,000 $55,000
    322.5 2 $160,000 $80,000
    327.5 1 $75,000 $75,000
    332.5 4 $250,000 $62,500
    347.5 1 $65,000 $65,000
    357.5 1 $145,000 $145,000
    402.5 1 $55,000 $55,000
    407.5 1 $45,000 $45,000
    417.5 1 $55,000 $55,000
    442.5 1 $75,000 $75,000
    452.5 1 $105,000 $105,000
    466.5 1 $65,000 $65,000
    467.5 10 $2,030,000 $203,000
    482.5 1 $135,000 $135,000
    492.5 2 $530,000 $265,000
    507.5 1 $125,000 $125,000
    5275.0 1 $155,000 $155,000
    5301.5 1 $405,000 $405,000
    542.5 2 $290,000 $145,000
    552.5 1 $55,000 $55,000
    5651.5 1 $435,000 $435,000
    567.5 1 $125,000 $125,000
    572.5 1 $155,000 $155,000
    575.0 3 $605,000 $201,667
    577.5 1 $85,000 $85,000
    592.5 8 $2,110,000 $263,750
    598.0 8 $1,120,000 $140,000
    607.5 1 $195,000 $195,000
    610.0 1 $65,000 $65,000
    617.5 10 $1,800,000 $180,000
    627.5 1 $195,000 $195,000
    632.5 1 $205,000 $205,000
    642.5 1 $205,000 $205,000
    6441.5 2 $1,010,000 $505,000
    647.5 1 $105,000 $105,000
    657.5 1 $175,000 $175,000
    667.5 12 $1,410,000 $117,500
    673.0 1 $235,000 $235,000
    677.5 1 $135,000 $135,000
    682.5 1 $125,000 $125,000
    692.5 6 $1,140,000 $190,000
    697.5 1 $145,000 $145,000
    717.5 4 $830,000 $207,500
    722.5 1 $205,000 $205,000
    727.5 2 $420,000 $210,000
    740.5 55 $3,675,000 $66,818
    742.5 40 $5,300,000 $132,500
    752.5 3 $145,000 $48,333
    755.5 11 $735,000 $66,818
    757.5 11 $1,365,000 $124,091
    765.5 44 $2,660,000 $60,455
    767.5 5 $1,075,000 $215,000
    769.5 1 $255,000 $255,000
    770.5 7 $415,000 $59,286
    772.5 1 $225,000 $225,000
    775.5 2 $110,000 $55,000
    780.5 9 $555,000 $61,667
    785.5 1 $105,000 $105,000
    790.5 1 $45,000 $45,000
    792.5 1 $305,000 $305,000
    795.5 4 $200,000 $50,000
    800.0 1 $225,000 $225,000
    800.5 1 $85,000 $85,000
    802.5 9 $3,205,000 $356,111
    805.5 1 $45,000 $45,000
    815.5 5 $465,000 $93,000
    817.5 6 $1,550,000 $258,333
    820.5 1 $65,000 $65,000
    827.5 1 $105,000 $105,000
    832.5 1 $205,000 $205,000
    835.5 1 $105,000 $105,000
    840.5 1 $65,000 $65,000
    842.5 6 $1,820,000 $303,333
    847.5 1 $195,000 $195,000
    852.5 2 $810,000 $405,000
    855.5 1 $75,000 $75,000
    857.5 1 $105,000 $105,000
    865.5 2 $180,000 $90,000
    867.5 13 $3,065,000 $235,769
    882.5 1 $405,000 $405,000
    891.5 1 $105,000 $105,000
    892.5 2 $310,000 $155,000
    895.5 1 $35,000 $35,000
    897.5 1 $185,000 $185,000
    907.5 1 $265,000 $265,000
    910.5 1 $65,000 $65,000
    917.5 2 $440,000 $220,000
    927.5 4 $1,400,000 $350,000
    932.5 1 $205,000 $205,000
    942.5 2 $770,000 $385,000
    960.5 1 $95,000 $95,000
    965.5 1 $55,000 $55,000
    980.5 1 $55,000 $55,000
    992.5 2 $520,000 $260,000
    NA 212 $50,990,000 $240,519

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,659 $201,385,000 $121,389

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 412 $64,030,000 $155,413 $2,715 8.18%
    40-60% 102 $25,820,000 $253,137 $3,300 7.46%
    60-80% 62 $16,500,000 $266,129 $4,469 7.19%
    80-100% 53 $23,815,000 $449,340 $5,806 6.76%
    Under 20% 1,030 $71,220,000 $69,146 $402 8.17%