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

Denver, CO

LEI: 549300ABEFRFKC9S8368

Tax ID: 84-0174408

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Mortgage Data

Review & Overview

Credit Union Of Colorado A Federal Credit Union is a smaller credit union specializing in Home Improvement, Cash Out Refi, and Refi 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, Grand Junction, Fort Collins, and Pueblo among others. We have data for 18 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 1.00% 3/28/24
30 Year Conventional Purchase 6.32% 3/28/24
30 Year Conventional Refi 5.93% 3/28/24
30 Year Cash-out Refi 6.55% 3/28/24
15 Year Conventional Purchase 5.70% 3/28/24
15 Year Conventional Refi 4.92% 3/28/24
15 Year Cash-out Refi 4.92% 3/28/24
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






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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

1,904

Origination Dollar Volume (All Markets)

$227,490,000
Show all (10) 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) 1,134 $144,100,000 $127,072 $2,775 4.72%
GREELEY, CO (FHA|USDA|VA) 182 $20,890,000 $114,780 $2,739 4.68%
GRAND JUNCTION, CO (FHA|USDA|VA) 126 $13,200,000 $104,762 $2,594 4.60%
FORT COLLINS, CO (FHA|USDA|VA) 102 $13,130,000 $128,725 $2,613 4.79%
PUEBLO, CO (FHA|USDA|VA) 107 $9,715,000 $90,794 $2,478 4.80%
COLORADO SPRINGS, CO (FHA|USDA|VA) 56 $6,890,000 $123,036 $3,086 4.57%
Cañon City, CO (FHA|USDA|VA) 78 $6,620,000 $84,872 $2,657 4.62%
Outside of Metro Areas 53 $4,295,000 $81,038 $2,166 4.72%
BOULDER, CO (FHA|USDA|VA) 17 $2,905,000 $170,882 $3,781 4.46%
Durango, CO (FHA|USDA|VA) 11 $1,695,000 $154,091 $3,546 4.43%
Edwards, CO (FHA|USDA|VA) 6 $960,000 $160,000 $2,119 3.92%
Glenwood Springs, CO (FHA|USDA|VA) 8 $690,000 $86,250 $1,867 5.33%
Montrose, CO (FHA|USDA|VA) 7 $645,000 $92,143 $3,139 4.29%
Steamboat Springs, CO (FHA|USDA|VA) 5 $615,000 $123,000 $3,442 4.33%
Breckenridge, CO (FHA|USDA|VA) 3 $435,000 $145,000 $0 4.75%
Craig, CO (FHA|USDA|VA) 4 $290,000 $72,500 $1,587 4.19%
Fort Morgan, CO (FHA|USDA|VA) 2 $280,000 $140,000 $0 4.00%
Sterling, CO (FHA|USDA|VA) 3 $135,000 $45,000 $2,081 4.54%
Credit Union Of Colorado A Federal Credit Union's top markets include Denver, Greeley, Grand Junction, Fort Collins, and Pueblo 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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,194 $87,660,000 $73,417 n/a 5.03%
    Conventional 710 $139,830,000 $196,944 $2,724 4.13%

    For 2019, Credit Union Of Colorado A Federal Credit Union's most frequently originated type of loan was HELOC, with 1,194 originations. Their 2nd most popular type was Conventional, with 710 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 619 $47,215,000 $76,276 $1,411 5.04%
    Cash Out Refi 538 $64,820,000 $120,483 $2,485 4.62%
    Refi 392 $77,200,000 $196,939 $3,209 4.05%
    Other 254 $17,650,000 $69,488 $1,120 5.40%
    Home Purchase 101 $20,605,000 $204,010 $3,768 3.72%

    For 2019, Credit Union Of Colorado A Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 619 originations. The 2nd most popular reason was Cash Out Refi, with 538 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,195 $87,975,000 $73,619 $1,911 5.03%
    30 Year 370 $93,240,000 $252,000 $3,388 3.81%
    15 Year 176 $25,570,000 $145,284 $2,116 4.47%
    10 Year 79 $7,125,000 $90,190 $1,083 4.80%
    20 Year 59 $12,485,000 $211,610 $3,521 3.75%
    5 Year 25 $1,095,000 $43,800 $501 5.32%

    For 2019, Credit Union Of Colorado A Federal Credit Union's most frequently cited loan duration was Other, with 1,195 originations. The 2nd most popular length was 30 Year, with 370 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 370 $63,540,000 $171,730
    $2k-3k 122 $24,670,000 $202,213
    $1k-2k 98 $11,280,000 $115,102
    $3k-4k 70 $20,480,000 $292,571
    $4k-5k 32 $11,840,000 $370,000
    $5k+ 18 $8,020,000 $445,556

    Credit Union Of Colorado A Federal Credit Union's average total fees were $3,388, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 370 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 857 $87,895,000 $102,561
    3-4% 513 $103,965,000 $202,661
    5-6% 330 $21,290,000 $64,515
    7-8% 99 $4,155,000 $41,970
    6-7% 54 $3,010,000 $55,741
    2.5-3% 34 $6,800,000 $200,000
    <2.5% 11 $115,000 $10,455
    Over 8% 6 $260,000 $43,333

    During 2019, Credit Union Of Colorado A Federal Credit Union's average interest rate for loans was 3.81%, while their most frequently originated rate bucket for loans was 4-5%, with 857 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,093 $53,805,000 $49,227 $932 5.10%
    $100k-200k 436 $59,740,000 $137,018 $2,637 4.33%
    $200k-400k 312 $84,030,000 $269,327 $3,724 3.98%
    $400k-600k 59 $27,265,000 $462,119 $4,383 3.77%
    $600k-1MM 4 $2,650,000 $662,500 $4,127 3.66%

    2019 saw Credit Union Of Colorado A Federal Credit Union place emphasis on $100,000 or less loans with 1,093 originations, totaling $53,805,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 504 $66,500,000 $131,944 $2,801 4.74%
    $50k-75k 444 $45,290,000 $102,005 $2,550 4.73%
    $75k-100k 365 $43,155,000 $118,233 $2,712 4.73%
    $50k or less 315 $26,395,000 $83,794 $2,340 4.58%
    $150k-250k 227 $36,005,000 $158,612 $3,259 4.68%
    $250k+ 48 $10,070,000 $209,792 $4,259 4.56%

    Credit Union Of Colorado A Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 504 originations. The second most popular income band? $50k-75k, with 444 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 428 $54,740,000 $127,897 $2,991 4.43%
    30-36% 354 $40,160,000 $113,446 $2,879 4.71%
    <20% 194 $21,760,000 $112,165 $2,775 4.36%
    50-60% 113 $14,925,000 $132,080 $2,526 5.05%
    48% 65 $7,025,000 $108,077 $2,821 5.15%
    46% 64 $7,690,000 $120,156 $2,995 4.93%
    38% 62 $6,580,000 $106,129 $2,211 4.53%
    43% 61 $7,085,000 $116,148 $2,412 5.04%
    41% 59 $8,085,000 $137,034 $2,614 4.85%
    36% 59 $6,965,000 $118,051 $2,760 4.71%
    49% 59 $6,065,000 $102,797 $2,196 5.02%
    45% 58 $6,440,000 $111,034 $2,172 4.90%
    47% 53 $6,735,000 $127,075 $2,727 4.75%
    44% 51 $5,135,000 $100,686 $1,952 5.11%
    40% 51 $5,775,000 $113,235 $1,991 4.84%
    39% 49 $6,575,000 $134,184 $3,281 4.66%
    42% 47 $5,875,000 $125,000 $3,007 4.77%
    37% 40 $5,300,000 $132,500 $2,338 4.94%
    >60% 37 $4,575,000 $123,649 $2,158 4.71%

    Credit Union Of Colorado A Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 428 originations. The next most common DTI ratio? 30-36%, with 354 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,604 $185,510,000 $115,655 $2,674 4.70%
    Not provided 159 $22,745,000 $143,050 $2,863 4.67%
    Black 60 $7,060,000 $117,667 $2,717 4.82%
    Asian 32 $5,460,000 $170,625 $3,627 4.59%
    American Indian 33 $4,775,000 $144,697 $3,449 4.65%
    Native Hawaiian or Islander 5 $575,000 $115,000 $2,417 5.78%
    Chinese 2 $530,000 $265,000 $1,508 5.06%
    Other Pacific Islander 3 $315,000 $105,000 $3,644 5.17%
    Other Asian 2 $270,000 $135,000 $1,791 4.19%
    Vietnamese 2 $130,000 $65,000 $0 4.63%
    Korean 1 $65,000 $65,000 $0 4.75%
    Filipino 1 $55,000 $55,000 $0 4.75%

    Approval Rates

    Total approvals of all applications
    86.16%

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

    Pick Rate

    Approvals leading to origination
    55.20%

    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 1,904 $227,490,000 $119,480

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,904 $227,490,000 $119,480

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 401 $43,585,000 $108,691 $2,002 4.64%
    40-60% 199 $34,635,000 $174,045 $2,805 4.10%
    60-80% 292 $77,180,000 $264,315 $3,592 3.90%
    80-100% 84 $24,700,000 $294,048 $4,117 4.00%
    Over 100% 6 $1,620,000 $270,000 $3,107 4.06%
    Under 20% 922 $45,770,000 $49,642 $567 5.17%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Credit Plus Inc Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 66.7%
    Credit Plus Inc Conventional home mortgage Improper use of your report 1 33.3%