Denver Fire Department Federal Credit Union Mortgage Rates, Fees & Info
Denver, COLEI: 549300BJPOL64WXEFY56
Tax ID: 84-0404725
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Mortgage Data
Review & Overview
Denver Fire Department Federal Credit Union is a smaller credit union specializing in Other loans. Denver Fire Department Federal Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Denver, Greeley, Boulder, Fort Collins, and Colorado Springs among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Denver Fire Department 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.
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) | 6.72% | 4/16/25 |
| 30 Year Conventional Refi | 6.72% | 4/16/25 |
| 30 Year Cash-out Refi | 6.72% | 4/16/25 |
| 15 Year Conventional Refi | 2.56% | 4/16/25 |
| 15 Year Cash-out Refi | 2.56% | 4/16/25 |
| 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. | ||
Denver Fire Department Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
58Origination Dollar Volume (All Markets)
$8,860,000Top 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) | 48 | $7,620,000 | $158,750 | $1,856 | 8.27% |
| GREELEY, CO (FHA|USDA|VA) | 5 | $545,000 | $109,000 | $0 | 8.35% |
| Outside of Metro Areas | 1 | $255,000 | $255,000 | $1,605 | 5.83% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 8.50% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 8.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against DENVER FIRE DEPARTMENT 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 | 46 | $6,290,000 | $136,739 | n/a | 8.71% |
| Conventional | 12 | $2,570,000 | $214,167 | $1,825 | 6.45% |
For 2024, Denver Fire Department Federal Credit Union's most frequently originated type of loan was HELOC, with 46 originations. Their 2nd most popular type was Conventional, with 12 originations.
Loan Reason
For 2024, Denver Fire Department Federal Credit Union's most frequently cited loan purpose was Other, with 35 originations. The 2nd most popular reason was Home Improvement, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 51 | $7,355,000 | $144,216 | $753 | 8.68% |
| 15 Year | 6 | $1,480,000 | $246,667 | $2,182 | 4.40% |
| 5 Year | 1 | $25,000 | $25,000 | $0 | 9.00% |
For 2024, Denver Fire Department Federal Credit Union's most frequently cited loan duration was Other, with 51 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 5 | $875,000 | $175,000 |
| $1k-2k | 4 | $1,190,000 | $297,500 |
Denver Fire Department Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 42 | $5,380,000 | $128,095 |
| 7-8% | 10 | $2,000,000 | $200,000 |
| 2.5-3% | 3 | $735,000 | $245,000 |
| 5-6% | 2 | $390,000 | $195,000 |
| 6-7% | 1 | $355,000 | $355,000 |
During 2024, Denver Fire Department Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 42 originations.
Loan Sizing
2024 saw Denver Fire Department Federal Credit Union place emphasis on $100,000 or less loans with 32 originations, totaling $1,960,000 in origination value.
Applicant Income
Denver Fire Department Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 23 originations. The second most popular income band? $100k-150k, with 17 originations.
Applicant Debt to Income Ratio
Denver Fire Department Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 11 originations. The next most common DTI ratio? 36%, with 8 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 58 | $8,860,000 | $152,759 | $1,825 | 8.24% |
Approval Rates
Total approvals of all applications93.27%
Denver Fire Department Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination36.21%
Denver Fire Department 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 | 58 | $8,860,000 | $152,759 |