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

Jump to:

  • 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 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, Fort Collins, Grand Junction, 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% 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

    2,356

    Origination Dollar Volume (All Markets)

    $433,640,000

    Awards

    CREDIT UNION OF COLORADO A FEDERAL CREDIT UNION 30 Year Conventional Loans silver CREDIT UNION OF COLORADO A FEDERAL CREDIT UNION 30 Year Conventional Loans silver CREDIT UNION OF COLORADO A FEDERAL CREDIT UNION 30 Year Conventional Loans bronze
    Show all (3) 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) 1,359 $275,795,000 $202,940 $3,233 3.60%
    GREELEY, CO (FHA|USDA|VA) 201 $33,355,000 $165,945 $3,057 3.62%
    FORT COLLINS, CO (FHA|USDA|VA) 147 $29,945,000 $203,707 $3,226 3.58%
    GRAND JUNCTION, CO (FHA|USDA|VA) 147 $20,935,000 $142,415 $2,820 3.60%
    PUEBLO, CO (FHA|USDA|VA) 117 $13,045,000 $111,496 $2,879 3.65%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 81 $12,625,000 $155,864 $3,007 3.63%
    Outside of Metro Areas 86 $11,560,000 $134,419 $2,780 3.68%
    Cañon City, CO (FHA|USDA|VA) 83 $10,135,000 $122,108 $2,783 3.67%
    Durango, CO (FHA|USDA|VA) 42 $8,530,000 $203,095 $3,774 3.49%
    BOULDER, CO (FHA|USDA|VA) 33 $6,505,000 $197,121 $2,691 3.64%
    Glenwood Springs, CO (FHA|USDA|VA) 16 $3,150,000 $196,875 $2,290 3.38%
    Edwards, CO (FHA|USDA|VA) 10 $2,610,000 $261,000 $3,274 3.59%
    Montrose, CO (FHA|USDA|VA) 13 $2,055,000 $158,077 $2,658 3.24%
    Steamboat Springs, CO (FHA|USDA|VA) 8 $1,900,000 $237,500 $2,865 3.47%
    Fort Morgan, CO (FHA|USDA|VA) 3 $485,000 $161,667 $2,368 3.21%
    Craig, CO (FHA|USDA|VA) 3 $405,000 $135,000 $1,791 3.96%
    Sterling, CO (FHA|USDA|VA) 3 $385,000 $128,333 $3,264 3.50%
    Breckenridge, CO (FHA|USDA|VA) 4 $220,000 $55,000 $0 4.19%
    Credit Union Of Colorado A Federal Credit Union's top markets include Denver, Greeley, Fort Collins, Grand Junction, 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.

    Grand Valley Bank
    Similarity Rank: 78
    COLORAMO
    Similarity Rank: 159
    SunWest Credit Union
    Similarity Rank: 420
    The District Federal Credit Union
    Similarity Rank: 441
    PREMIER MORTGAGE SERVICES, INC.
    Similarity Rank: 576
    DENVER COMMUNITY
    Similarity Rank: 732
    United Fidelity Bank, fsb
    Similarity Rank: 792
    AVENTA Credit Union
    Similarity Rank: 915
    LANDED HOME LOANS LLC
    Similarity Rank: 1040
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 1175

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,377 $357,315,000 $259,488 $3,119 3.13%
    HELOC 979 $76,325,000 $77,962 n/a 4.28%

    For 2020, Credit Union Of Colorado A Federal Credit Union's most frequently originated type of loan was Conventional, with 1,377 originations. Their 2nd most popular type was HELOC, with 979 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 758 $186,030,000 $245,422 $3,148 3.18%
    Home Improvement 578 $72,560,000 $125,536 $3,125 3.96%
    Cash Out Refi 466 $74,280,000 $159,399 $2,916 3.79%
    Other 444 $71,610,000 $161,284 $3,162 3.82%
    Home Purchase 110 $29,160,000 $265,091 $3,280 3.03%

    For 2020, Credit Union Of Colorado A Federal Credit Union's most frequently cited loan purpose was Refi, with 758 originations. The 2nd most popular reason was Home Improvement, with 578 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 984 $77,800,000 $79,065 $2,658 4.27%
    30 Year 822 $237,240,000 $288,613 $3,296 3.21%
    15 Year 278 $58,510,000 $210,468 $2,886 2.94%
    20 Year 173 $46,625,000 $269,509 $3,304 3.00%
    10 Year 92 $12,940,000 $140,652 $2,044 3.18%
    5 Year 7 $525,000 $75,000 $1,459 3.09%

    For 2020, Credit Union Of Colorado A Federal Credit Union's most frequently cited loan duration was Other, with 984 originations. The 2nd most popular length was 30 Year, with 822 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 831 $219,745,000 $264,434
    $3k-4k 185 $47,465,000 $256,568
    $2k-3k 170 $31,080,000 $182,824
    $4k-5k 82 $28,650,000 $349,390
    $1k-2k 64 $6,600,000 $103,125
    $5k+ 45 $23,775,000 $528,333

    Credit Union Of Colorado A Federal Credit Union's average total fees were $3,296, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 831 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,319 $236,605,000 $179,382
    2.5-3% 561 $148,855,000 $265,339
    4-5% 190 $14,990,000 $78,895
    <2.5% 140 $25,090,000 $179,214
    5-6% 116 $6,820,000 $58,793
    6-7% 19 $845,000 $44,474
    7-8% 10 $410,000 $41,000
    Over 8% 1 $25,000 $25,000

    During 2020, Credit Union Of Colorado A Federal Credit Union's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 3-4%, with 1,319 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 859 $44,915,000 $52,288 $1,633 4.17%
    $200k-400k 791 $220,995,000 $279,387 $3,401 3.20%
    $100k-200k 534 $77,670,000 $145,449 $2,648 3.43%
    $400k-600k 136 $63,310,000 $465,515 $3,681 3.20%
    $600k-1MM 35 $25,715,000 $734,714 $5,464 3.05%
    $1MM+ 1 $1,035,000 $1,035,000 $3,268 3.25%

    2020 saw Credit Union Of Colorado A Federal Credit Union place emphasis on $100,000 or less loans with 859 originations, totaling $44,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 621 $119,455,000 $192,359 $3,185 3.62%
    $50k-75k 561 $83,845,000 $149,456 $2,929 3.62%
    $75k-100k 441 $75,835,000 $171,961 $3,106 3.60%
    $150k-250k 393 $98,575,000 $250,827 $3,413 3.61%
    $50k or less 254 $29,020,000 $114,252 $2,747 3.53%
    $250k+ 80 $25,260,000 $315,750 $3,845 3.65%

    Credit Union Of Colorado A Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 621 originations. The second most popular income band? $50k-75k, with 561 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 681 $130,025,000 $190,932 $3,230 3.46%
    30-36% 410 $74,580,000 $181,902 $3,009 3.57%
    <20% 239 $43,185,000 $180,690 $2,888 3.45%
    39% 86 $17,890,000 $208,023 $3,402 3.73%
    43% 83 $16,655,000 $200,663 $2,946 3.76%
    38% 82 $16,860,000 $205,610 $3,388 3.59%
    40% 78 $15,050,000 $192,949 $3,083 3.66%
    46% 68 $11,090,000 $163,088 $2,758 3.98%
    41% 68 $13,090,000 $192,500 $2,783 3.46%
    36% 67 $11,585,000 $172,910 $3,690 3.61%
    42% 66 $14,230,000 $215,606 $2,864 3.71%
    45% 65 $9,945,000 $153,000 $2,951 4.13%
    48% 62 $10,500,000 $169,355 $3,404 3.84%
    44% 61 $10,125,000 $165,984 $3,220 3.89%
    37% 61 $10,735,000 $175,984 $3,285 3.44%
    50-60% 58 $8,550,000 $147,414 $2,896 3.83%
    49% 54 $9,080,000 $168,148 $3,119 3.88%
    47% 51 $7,525,000 $147,549 $3,177 3.91%
    >60% 16 $2,940,000 $183,750 $3,651 3.88%

    Credit Union Of Colorado A Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 681 originations. The next most common DTI ratio? 30-36%, with 410 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,966 $357,080,000 $181,628 $3,102 3.60%
    Not provided 271 $55,245,000 $203,856 $3,310 3.60%
    Black 52 $8,880,000 $170,769 $2,883 3.82%
    American Indian 28 $5,480,000 $195,714 $3,327 3.56%
    Asian 24 $4,570,000 $190,417 $3,118 3.54%
    Filipino 4 $760,000 $190,000 $1,922 4.16%
    Other Asian 3 $505,000 $168,333 $2,559 3.42%
    Chinese 2 $450,000 $225,000 $2,543 3.75%
    Other Pacific Islander 3 $415,000 $138,333 $3,033 3.17%
    Native Hawaiian or Islander 1 $105,000 $105,000 $0 4.00%
    Asian Indian 1 $105,000 $105,000 $0 4.00%
    Japanese 1 $45,000 $45,000 $160 5.75%

    Approval Rates

    Total approvals of all applications
    87.87%

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

    Pick Rate

    Approvals leading to origination
    39.47%

    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 2,356 $433,640,000 $184,058

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $645,000 $215,000
    Single Family (1-4 Units):Site-Built 2,353 $432,995,000 $184,018

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 404 $51,310,000 $127,005 $2,365 3.64%
    40-60% 411 $92,645,000 $225,414 $3,030 3.14%
    60-80% 653 $202,785,000 $310,544 $3,489 3.17%
    80-100% 140 $46,260,000 $330,429 $3,582 3.35%
    Under 20% 748 $40,640,000 $54,332 $862 4.27%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Credit Plus Inc Conventional home mortgage Improper use of your report 1 50.0%
    Credit Plus Inc FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%