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

Denver, CO

LEI: 549300ABEFRFKC9S8368

Tax ID: 84-0174408

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

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Credit Union Of Colorado A Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Improvement loans. Credit Union Of Colorado A Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Greeley, Fort Collins, Pueblo, and Grand Junction among others. We have data for 17 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 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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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 1.00% 11/21/24
    30 Year Conventional Purchase 6.32% 11/21/24
    30 Year Conventional Refi 5.93% 11/21/24
    30 Year Cash-out Refi 6.55% 11/21/24
    15 Year Conventional Purchase 5.70% 11/21/24
    15 Year Conventional Refi 4.92% 11/21/24
    15 Year Cash-out Refi 4.92% 11/21/24
    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

    1,757

    Origination Dollar Volume (All Markets)

    $153,025,000

    Awards

    CREDIT UNION OF COLORADO A FEDERAL CREDIT UNION 30 Year Conventional Loans gold
    Show all (1) 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) 1,091 $99,225,000 $90,949 $2,273 4.65%
    GREELEY, CO (FHA|USDA|VA) 177 $14,055,000 $79,407 $2,442 4.75%
    FORT COLLINS, CO (FHA|USDA|VA) 104 $8,810,000 $84,712 $1,564 4.85%
    PUEBLO, CO (FHA|USDA|VA) 88 $6,430,000 $73,068 $2,257 4.74%
    GRAND JUNCTION, CO (FHA|USDA|VA) 85 $6,335,000 $74,529 $2,323 4.97%
    Cañon City, CO (FHA|USDA|VA) 65 $5,195,000 $79,923 $2,186 4.72%
    Outside of Metro Areas 49 $4,495,000 $91,735 $2,896 4.56%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 49 $4,195,000 $85,612 $2,273 4.92%
    BOULDER, CO (FHA|USDA|VA) 15 $1,525,000 $101,667 $160 4.57%
    Glenwood Springs, CO (FHA|USDA|VA) 10 $1,030,000 $103,000 $2,617 4.65%
    Edwards, CO (FHA|USDA|VA) 5 $525,000 $105,000 $2,898 4.84%
    Fort Morgan, CO (FHA|USDA|VA) 6 $360,000 $60,000 $0 5.33%
    Montrose, CO (FHA|USDA|VA) 2 $300,000 $150,000 $3,700 4.56%
    Breckenridge, CO (FHA|USDA|VA) 3 $265,000 $88,333 $4,424 4.63%
    Sterling, CO (FHA|USDA|VA) 5 $175,000 $35,000 $0 4.25%
    Steamboat Springs, CO (FHA|USDA|VA) 2 $60,000 $30,000 $0 5.25%
    Durango, CO (FHA|USDA|VA) 1 $45,000 $45,000 $337 6.50%
    Credit Union Of Colorado A Federal Credit Union's top markets include Denver, Greeley, Fort Collins, Pueblo, and Grand Junction among others.

    Their top states include:
  • Colorado (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.

    COLORAMO
    Similarity Rank: 30
    Grand Valley Bank
    Similarity Rank: 80
    PREMIER MORTGAGE SERVICES, INC.
    Similarity Rank: 335
    DENVER COMMUNITY
    Similarity Rank: 548
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    GERSHMAN INVESTMENT CORP.
    Similarity Rank: 666
    Guaranty Bank and Trust Co
    Similarity Rank: 833
    First American State Bank
    Similarity Rank: 985
    Aurora Financial, LLC
    Similarity Rank: 1080
    Credit Union Lending Source
    Similarity Rank: 1148

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,259 $84,795,000 $67,351 n/a 4.60%
    Conventional 498 $68,230,000 $137,008 $2,271 4.98%

    For 2018, Credit Union Of Colorado A Federal Credit Union's most frequently originated type of loan was HELOC, with 1,259 originations. Their 2nd most popular type was Conventional, with 498 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 1,008 $84,850,000 $84,177 $1,973 4.68%
    Home Improvement 526 $36,650,000 $69,677 $1,071 4.76%
    Home Purchase 83 $16,905,000 $203,675 $4,297 4.57%
    Other 81 $5,745,000 $70,926 $1,873 4.97%
    Refi 59 $8,875,000 $150,424 $2,763 4.41%

    For 2018, Credit Union Of Colorado A Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 1,008 originations. The 2nd most popular reason was Home Improvement, with 526 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,257 $84,645,000 $67,339 $1,915 4.60%
    15 Year 172 $16,660,000 $96,860 $1,541 5.25%
    30 Year 137 $29,975,000 $218,796 $3,976 4.77%
    10 Year 85 $5,635,000 $66,294 $801 5.29%
    20 Year 76 $14,890,000 $195,921 $3,325 4.24%
    5 Year 30 $1,220,000 $40,667 $347 5.23%

    For 2018, Credit Union Of Colorado A Federal Credit Union's most frequently cited loan duration was Other, with 1,257 originations. The 2nd most popular length was 15 Year, with 172 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 215 $12,615,000 $58,674
    $1k-2k 124 $15,110,000 $121,855
    $2k-3k 92 $19,940,000 $216,739
    $3k-4k 50 $15,550,000 $311,000
    $4k-5k 10 $3,990,000 $399,000
    $5k+ 2 $1,000,000 $500,000

    Credit Union Of Colorado A Federal Credit Union's average total fees were $3,976, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 215 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 760 $78,560,000 $103,368
    3-4% 577 $48,725,000 $84,445
    5-6% 219 $16,675,000 $76,142
    6-7% 139 $6,485,000 $46,655
    7-8% 54 $2,340,000 $43,333
    2.5-3% 2 $200,000 $100,000

    During 2018, Credit Union Of Colorado A Federal Credit Union's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 4-5%, with 760 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,257 $62,935,000 $50,068 $750 4.84%
    $100k-200k 324 $42,600,000 $131,481 $2,683 4.32%
    $200k-400k 168 $43,810,000 $260,774 $4,286 4.44%
    $400k-600k 8 $3,680,000 $460,000 $6,206 4.80%

    2018 saw Credit Union Of Colorado A Federal Credit Union place emphasis on $100,000 or less loans with 1,257 originations, totaling $62,935,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 442 $34,650,000 $78,394 $2,306 4.65%
    $100k-150k 430 $40,070,000 $93,186 $2,123 4.79%
    $75k-100k 375 $33,415,000 $89,107 $2,434 4.74%
    $50k or less 273 $19,445,000 $71,227 $2,089 4.57%
    $150k-250k 210 $21,900,000 $104,286 $2,497 4.77%
    $250k+ 26 $3,460,000 $133,077 $3,790 4.52%

    Credit Union Of Colorado A Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 442 originations. The second most popular income band? $100k-150k, with 430 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 357 $32,935,000 $92,255 $2,467 4.53%
    30-36% 283 $24,855,000 $87,827 $2,430 4.64%
    <20% 123 $10,515,000 $85,488 $2,736 4.33%
    50-60% 101 $8,315,000 $82,327 $1,863 4.85%
    47% 72 $5,740,000 $79,722 $2,342 4.80%
    41% 66 $5,080,000 $76,970 $1,831 4.82%
    49% 61 $5,195,000 $85,164 $2,251 5.31%
    42% 58 $5,520,000 $95,172 $2,033 4.81%
    37% 58 $5,000,000 $86,207 $2,060 4.78%
    45% 55 $4,975,000 $90,455 $2,068 4.96%
    40% 55 $4,625,000 $84,091 $2,420 4.99%
    43% 53 $5,075,000 $95,755 $2,046 4.99%
    38% 50 $3,810,000 $76,200 $1,742 4.66%
    48% 48 $3,510,000 $73,125 $1,984 5.00%
    44% 47 $5,005,000 $106,489 $2,811 4.90%
    39% 44 $4,310,000 $97,955 $2,451 4.73%
    46% 44 $3,940,000 $89,545 $2,052 4.97%
    36% 40 $3,200,000 $80,000 $2,403 4.72%
    >60% 13 $945,000 $72,692 $773 4.89%

    Credit Union Of Colorado A Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 357 originations. The next most common DTI ratio? 30-36%, with 283 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,456 $127,490,000 $87,562 $2,317 4.68%
    Not provided 182 $14,700,000 $80,769 $1,829 4.79%
    American Indian 39 $3,625,000 $92,949 $2,272 4.95%
    Black 44 $3,460,000 $78,636 $2,437 4.94%
    Asian 23 $2,705,000 $117,609 $2,684 4.63%
    Other Asian 4 $250,000 $62,500 $2,292 4.03%
    Korean 1 $155,000 $155,000 $0 4.25%
    Japanese 1 $155,000 $155,000 $2,600 4.00%
    Native Hawaiian or Islander 3 $155,000 $51,667 $960 5.17%
    Asian Indian 1 $135,000 $135,000 $0 4.25%
    Filipino 1 $105,000 $105,000 $0 4.25%
    Chinese 1 $55,000 $55,000 $0 4.50%
    Other Pacific Islander 1 $35,000 $35,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    86.26%

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

    Pick Rate

    Approvals leading to origination
    57.43%

    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
    NA 1,757 $153,025,000 $87,094

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $105,000 $105,000
    Single Family (1-4 Units):Site-Built 1,756 $152,920,000 $87,084

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 357 $34,445,000 $96,485 $1,734 4.53%
    40-60% 118 $18,420,000 $156,102 $2,923 4.30%
    60-80% 132 $29,720,000 $225,152 $3,913 4.42%
    80-100% 48 $11,590,000 $241,458 $4,453 4.77%
    Under 20% 975 $48,475,000 $49,718 $432 4.89%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Credit Union Mortgage Association, Inc. Conventional home mortgage Closing on a mortgage 1 50.0%
    Credit Union Mortgage Association, Inc. Conventional home mortgage Trouble during payment process 1 50.0%