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, Other, 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, Fort Collins, Grand Junction, and Colorado Springs 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 above 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

    2,373

    Origination Dollar Volume (All Markets)

    $411,615,000
    Show all (7) 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) 1,327 $243,355,000 $183,387 $3,024 3.35%
    GREELEY, CO (FHA|USDA|VA) 228 $39,570,000 $173,553 $3,119 3.34%
    FORT COLLINS, CO (FHA|USDA|VA) 133 $23,155,000 $174,098 $2,974 3.37%
    GRAND JUNCTION, CO (FHA|USDA|VA) 161 $22,365,000 $138,913 $2,862 3.28%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 109 $17,705,000 $162,431 $3,003 3.36%
    PUEBLO, CO (FHA|USDA|VA) 111 $15,495,000 $139,595 $2,778 3.13%
    Outside of Metro Areas 81 $11,685,000 $144,259 $2,931 3.35%
    Cañon City, CO (FHA|USDA|VA) 81 $10,545,000 $130,185 $2,891 3.22%
    Durango, CO (FHA|USDA|VA) 55 $9,195,000 $167,182 $2,669 3.46%
    BOULDER, CO (FHA|USDA|VA) 31 $7,165,000 $231,129 $3,061 3.29%
    Glenwood Springs, CO (FHA|USDA|VA) 20 $4,160,000 $208,000 $3,819 3.42%
    Montrose, CO (FHA|USDA|VA) 13 $2,385,000 $183,462 $2,095 2.85%
    Breckenridge, CO (FHA|USDA|VA) 7 $1,735,000 $247,857 $3,300 2.93%
    Steamboat Springs, CO (FHA|USDA|VA) 6 $1,610,000 $268,333 $4,211 2.98%
    Sterling, CO (FHA|USDA|VA) 3 $545,000 $181,667 $2,755 2.50%
    Edwards, CO (FHA|USDA|VA) 4 $510,000 $127,500 $0 3.69%
    Craig, CO (FHA|USDA|VA) 1 $245,000 $245,000 $2,528 2.88%
    Fort Morgan, CO (FHA|USDA|VA) 2 $190,000 $95,000 $3,843 3.94%
    Credit Union Of Colorado A Federal Credit Union's top markets include Denver, Greeley, Fort Collins, Grand Junction, and Colorado Springs 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: 182
    SunWest Credit Union
    Similarity Rank: 235
    COLORAMO
    Similarity Rank: 284
    PREMIER MORTGAGE SERVICES, INC.
    Similarity Rank: 756
    The District Federal Credit Union
    Similarity Rank: 882
    AVENTA Credit Union
    Similarity Rank: 930
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1344
    DENVER COMMUNITY
    Similarity Rank: 1540
    Red Rocks Credit Union
    Similarity Rank: 1830
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 1984

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,287 $318,025,000 $247,106 $2,993 2.91%
    HELOC 1,086 $93,590,000 $86,179 n/a 3.82%

    For 2021, Credit Union Of Colorado A Federal Credit Union's most frequently originated type of loan was Conventional, with 1,287 originations. Their 2nd most popular type was HELOC, with 1,086 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 810 $141,270,000 $174,407 $2,937 3.40%
    Other 669 $89,165,000 $133,281 $2,643 3.54%
    Home Improvement 394 $57,730,000 $146,523 $3,207 3.43%
    Refi 357 $87,235,000 $244,356 $2,985 2.71%
    Home Purchase 143 $36,215,000 $253,252 $3,615 3.18%

    For 2021, Credit Union Of Colorado A Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 810 originations. The 2nd most popular reason was Other, with 669 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,162 $99,720,000 $85,818 $510 3.82%
    30 Year 768 $223,500,000 $291,016 $3,419 2.97%
    15 Year 220 $45,040,000 $204,727 $2,789 2.51%
    20 Year 121 $29,705,000 $245,496 $2,986 2.72%
    10 Year 88 $12,850,000 $146,023 $2,275 2.84%
    5 Year 14 $800,000 $57,143 $922 3.36%

    For 2021, Credit Union Of Colorado A Federal Credit Union's most frequently cited loan duration was Other, with 1,162 originations. The 2nd most popular length was 30 Year, with 768 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 721 $175,805,000 $243,835
    $2k-3k 179 $35,825,000 $200,140
    $3k-4k 140 $37,640,000 $268,857
    $1k-2k 126 $21,790,000 $172,937
    $4k-5k 62 $19,860,000 $320,323
    $5k+ 59 $27,105,000 $459,407

    Credit Union Of Colorado A Federal Credit Union's average total fees were $3,419, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 721 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,131 $142,855,000 $126,309
    2.5-3% 574 $169,330,000 $295,000
    <2.5% 352 $74,400,000 $211,364
    4-5% 203 $17,845,000 $87,906
    5-6% 96 $6,650,000 $69,271
    7-8% 4 $210,000 $52,500
    Over 8% 4 $200,000 $50,000
    6-7% 1 $45,000 $45,000

    During 2021, Credit Union Of Colorado A Federal Credit Union's average interest rate for loans was 2.97%, while their most frequently originated rate bucket for loans was 3-4%, with 1,131 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 912 $47,530,000 $52,116 $1,121 3.79%
    $200k-400k 667 $184,935,000 $277,264 $3,438 2.95%
    $100k-200k 628 $90,170,000 $143,583 $2,608 3.18%
    $400k-600k 125 $59,065,000 $472,520 $4,297 2.93%
    $600k-1MM 38 $26,660,000 $701,579 $4,446 2.84%
    $1MM+ 3 $3,255,000 $1,085,000 $3,168 2.67%

    2021 saw Credit Union Of Colorado A Federal Credit Union place emphasis on $100,000 or less loans with 912 originations, totaling $47,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 602 $110,590,000 $183,704 $3,178 3.40%
    $50k-75k 534 $77,940,000 $145,955 $2,791 3.28%
    $75k-100k 468 $78,470,000 $167,671 $3,052 3.32%
    $150k-250k 394 $88,330,000 $224,188 $3,269 3.40%
    $50k or less 301 $33,985,000 $112,907 $2,474 3.17%
    $250k+ 72 $22,030,000 $305,972 $3,816 3.43%

    Credit Union Of Colorado A Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 602 originations. The second most popular income band? $50k-75k, with 534 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 624 $110,610,000 $177,260 $3,141 3.25%
    30-36% 419 $78,335,000 $186,957 $3,078 3.26%
    <20% 363 $54,005,000 $148,774 $2,798 3.22%
    43% 77 $15,415,000 $200,195 $3,201 3.39%
    44% 74 $12,810,000 $173,108 $3,324 3.62%
    36% 73 $13,035,000 $178,562 $2,539 3.40%
    42% 71 $13,105,000 $184,577 $3,318 3.38%
    37% 68 $11,340,000 $166,765 $2,722 3.31%
    38% 67 $12,465,000 $186,045 $2,481 3.30%
    40% 66 $10,960,000 $166,061 $2,730 3.46%
    48% 65 $11,735,000 $180,538 $3,554 3.46%
    41% 65 $10,755,000 $165,462 $2,500 3.20%
    39% 65 $13,065,000 $201,000 $3,311 3.32%
    49% 61 $6,515,000 $106,803 $2,440 3.84%
    45% 52 $8,630,000 $165,962 $2,483 3.62%
    46% 51 $8,635,000 $169,314 $2,519 3.54%
    47% 49 $7,205,000 $147,041 $3,103 3.56%
    50-60% 48 $9,390,000 $195,625 $3,130 3.42%
    >60% 15 $3,605,000 $240,333 $3,586 3.66%

    Credit Union Of Colorado A Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 624 originations. The next most common DTI ratio? 30-36%, with 419 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,867 $316,135,000 $169,328 $2,959 3.33%
    Not provided 362 $66,160,000 $182,762 $3,002 3.36%
    Black 62 $13,070,000 $210,806 $2,977 3.15%
    American Indian 43 $7,135,000 $165,930 $3,846 3.37%
    Asian 27 $6,365,000 $235,741 $3,878 3.32%
    Native Hawaiian or Islander 9 $1,025,000 $113,889 $4,485 3.51%
    Asian Indian 1 $1,005,000 $1,005,000 $3,148 2.38%
    Other Asian 1 $475,000 $475,000 $2,513 2.88%
    Filipino 1 $245,000 $245,000 $2,398 2.75%

    Approval Rates

    Total approvals of all applications
    90.11%

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

    Pick Rate

    Approvals leading to origination
    53.48%

    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 63 $5,965,000 $94,683
    1006.0 1 $105,000 $105,000
    1068.0 1 $65,000 $65,000
    1091.0 16 $2,860,000 $178,750
    1103.0 1 $325,000 $325,000
    1116.0 1 $115,000 $115,000
    1118.0 1 $155,000 $155,000
    1168.0 1 $255,000 $255,000
    117.0 8 $860,000 $107,500
    1243.0 1 $75,000 $75,000
    1268.0 3 $545,000 $181,667
    1291.0 1 $55,000 $55,000
    1293.0 1 $125,000 $125,000
    1318.0 1 $255,000 $255,000
    1368.0 2 $440,000 $220,000
    1593.0 1 $255,000 $255,000
    168.0 177 $9,965,000 $56,299
    1768.0 1 $205,000 $205,000
    178.0 1 $35,000 $35,000
    183.0 5 $195,000 $39,000
    193.0 44 $3,250,000 $73,864
    208.0 2 $130,000 $65,000
    218.0 9 $1,255,000 $139,444
    223.0 1 $55,000 $55,000
    243.0 9 $1,965,000 $218,333
    258.0 1 $205,000 $205,000
    284.5 1 $105,000 $105,000
    285.0 81 $5,375,000 $66,358
    300.0 1 $65,000 $65,000
    310.0 2 $70,000 $35,000
    343.0 1 $105,000 $105,000
    368.0 2 $140,000 $70,000
    398.0 1 $105,000 $105,000
    418.0 1 $65,000 $65,000
    435.0 3 $385,000 $128,333
    468.0 27 $4,815,000 $178,333
    485.0 1 $105,000 $105,000
    493.0 6 $1,270,000 $211,667
    503.0 2 $510,000 $255,000
    508.0 1 $155,000 $155,000
    585.0 22 $3,850,000 $175,000
    600.0 3 $475,000 $158,333
    610.0 2 $330,000 $165,000
    615.0 1 $185,000 $185,000
    623.0 1 $45,000 $45,000
    663.0 1 $205,000 $205,000
    668.0 3 $455,000 $151,667
    718.0 1 $155,000 $155,000
    775.0 1 $55,000 $55,000
    785.0 2 $460,000 $230,000
    791.0 70 $4,430,000 $63,286
    801.0 2 $70,000 $35,000
    806.0 3 $145,000 $48,333
    816.0 2 $250,000 $125,000
    821.0 1 $55,000 $55,000
    841.0 2 $250,000 $125,000
    848.0 6 $380,000 $63,333
    850.0 1 $255,000 $255,000
    868.47 1 $25,000 $25,000
    891.0 1 $45,000 $45,000
    908.0 1 $55,000 $55,000
    918.0 1 $45,000 $45,000
    943.0 5 $375,000 $75,000
    968.0 5 $605,000 $121,000
    983.0 1 $35,000 $35,000
    991.0 3 $215,000 $71,667
    NA 1,748 $355,180,000 $203,192

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,373 $411,615,000 $173,458

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 435 $65,255,000 $150,011 $2,349 3.26%
    40-60% 427 $98,195,000 $229,965 $2,994 2.83%
    60-80% 455 $148,695,000 $326,802 $3,750 2.97%
    80-100% 121 $41,875,000 $346,074 $3,941 3.08%
    Under 20% 935 $57,595,000 $61,599 $835 3.80%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Credit Union Mortgage Association, Inc. Conventional home mortgage Trouble during payment process 1 100.0%