Denver Fire Department Federal Credit Union Mortgage Rates, Fees & Info

Denver, CO

LEI: 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 and Refi loans. Denver Fire Department Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Fort Collins, Grand Junction, and Boulder among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Denver Fire Department 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. Denver Fire Department 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) 6.27% 12/16/24
30 Year Conventional Purchase 6.70% 12/16/24
30 Year Cash-out Refi 6.75% 12/16/24
15 Year Conventional Refi 5.56% 12/16/24
15 Year Cash-out Refi 5.56% 12/16/24
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.

Denver Fire Department 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 Denver Fire Department 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

43

Origination Dollar Volume (All Markets)

$6,705,000

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) 38 $5,870,000 $154,474 $1,131 4.22%
FORT COLLINS, CO (FHA|USDA|VA) 2 $510,000 $255,000 $2,956 3.73%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $165,000 $165,000 $0 4.88%
Outside of Metro Areas 1 $115,000 $115,000 $721 5.00%
BOULDER, CO (FHA|USDA|VA) 1 $45,000 $45,000 $214 5.00%
Denver Fire Department Federal Credit Union's top markets include Denver, Fort Collins, Grand Junction, and Boulder among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • 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.

    Guaranty Bank and Trust Co
    Similarity Rank: 493
    DENVER COMMUNITY
    Similarity Rank: 548
    First American State Bank
    Similarity Rank: 985
    Aurora Financial, LLC
    Similarity Rank: 1080
    Credit Union Lending Source
    Similarity Rank: 1148
    Calatlantic Morgage Inc.
    Similarity Rank: 1404
    ROCKY MOUNTAIN LAW ENFORCEMENT FCU
    Similarity Rank: 1470
    Elevations Credit Union
    Similarity Rank: 1776
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1927

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 43 $6,705,000 $155,930 $1,188 4.25%

    For 2018, Denver Fire Department Federal Credit Union's most frequently originated type of loan was Conventional, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 16 $3,030,000 $189,375 $1,288 4.09%
    Home Improvement 13 $845,000 $65,000 $604 4.78%
    Refi 8 $1,650,000 $206,250 $1,228 3.45%
    Home Purchase 4 $790,000 $197,500 $3,190 4.69%
    Cash Out Refi 2 $390,000 $195,000 $850 4.32%

    For 2018, Denver Fire Department Federal Credit Union's most frequently cited loan purpose was Other, with 16 originations. The 2nd most popular reason was Home Improvement, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 18 $3,810,000 $211,667 $1,397 3.79%
    Other 18 $1,420,000 $78,889 $663 4.85%
    10 Year 5 $1,065,000 $213,000 $1,229 3.55%
    30 Year 2 $410,000 $205,000 $4,135 4.69%

    For 2018, Denver Fire Department Federal Credit Union's most frequently cited loan duration was 15 Year, with 18 originations. The 2nd most popular length was Other, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 21 $4,565,000 $217,381
    $1k-2k 1 $155,000 $155,000
    $2k-3k 1 $255,000 $255,000

    Denver Fire Department Federal Credit Union's average total fees were $4,135, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 21 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 22 $2,440,000 $110,909
    3-4% 18 $3,820,000 $212,222
    5-6% 2 $90,000 $45,000
    2.5-3% 1 $355,000 $355,000

    During 2018, Denver Fire Department Federal Credit Union's average interest rate for loans was 4.69%, while their most frequently originated rate bucket for loans was 4-5%, with 22 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 18 $960,000 $53,333 $649 4.75%
    $200k-400k 18 $4,680,000 $260,000 $1,601 3.72%
    $100k-200k 7 $1,065,000 $152,143 $1,637 4.31%

    2018 saw Denver Fire Department Federal Credit Union place emphasis on $100,000 or less loans with 18 originations, totaling $960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 17 $3,065,000 $180,294 $1,254 4.16%
    $75k-100k 9 $1,165,000 $129,444 $823 4.52%
    $150k-250k 6 $660,000 $110,000 $967 4.42%
    $50k-75k 6 $750,000 $125,000 $998 4.17%
    $50k or less 3 $545,000 $181,667 $2,408 4.00%
    $250k+ 1 $355,000 $355,000 $1,789 2.84%

    Denver Fire Department Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $75k-100k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 20 $2,360,000 $118,000 $885 4.40%
    30-36% 6 $970,000 $161,667 $1,969 4.42%
    <20% 5 $845,000 $169,000 $1,205 3.71%
    39% 2 $390,000 $195,000 $1,204 4.34%
    40% 2 $260,000 $130,000 $757 4.75%
    42% 2 $640,000 $320,000 $1,963 3.67%
    44% 1 $225,000 $225,000 $1,825 3.66%
    47% 1 $145,000 $145,000 $1,225 3.90%
    43% 1 $225,000 $225,000 $1,128 3.41%
    38% 1 $225,000 $225,000 $1,225 3.65%
    37% 1 $255,000 $255,000 $796 4.50%

    Denver Fire Department Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 20 originations. The next most common DTI ratio? 30-36%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 35 $5,195,000 $148,429 $1,014 4.24%
    Not provided 4 $630,000 $157,500 $2,916 4.69%
    Not applicable 1 $315,000 $315,000 $1,875 3.52%
    American Indian 1 $305,000 $305,000 $1,475 3.72%
    Black 1 $205,000 $205,000 $1,082 3.78%
    Asian 1 $55,000 $55,000 $1,050 4.50%

    Approval Rates

    Total approvals of all applications
    83.82%

    Denver Fire Department Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    67.44%

    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 43 $6,705,000 $155,930

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $165,000 $165,000
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 41 $6,485,000 $158,171

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $1,375,000 $125,000 $1,445 4.40%
    40-60% 13 $3,085,000 $237,308 $1,441 3.84%
    60-80% 6 $1,630,000 $271,667 $1,519 3.51%
    Under 20% 13 $615,000 $47,308 $603 4.86%