Rocky Mountain Law Enforcement Fcu Mortgage Rates, Fees & Info

DENVER, CO

LEI: 549300EB335VA0W9HB45

Tax ID: 84-0425202

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
  • 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

    Rocky Mountain Law Enforcement Fcu is a smaller credit union specializing in Other and Refi loans. Rocky Mountain Law Enforcement Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Greeley, Fort Collins, Colorado Springs, and Pueblo among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Rocky Mountain Law Enforcement Fcu 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. Rocky Mountain Law Enforcement Fcu is typically an average 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.28% 11/21/24
    30 Year Conventional Refi 5.60% 11/21/24
    30 Year Cash-out Refi 6.34% 11/21/24
    15 Year Conventional Purchase 6.77% 11/21/24
    15 Year Conventional Refi 5.75% 11/21/24
    15 Year Cash-out Refi 5.75% 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.

    Rocky Mountain Law Enforcement Fcu Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Rocky Mountain Law Enforcement Fcu. 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

    122

    Origination Dollar Volume (All Markets)

    $33,950,000

    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) 106 $30,860,000 $291,132 $4,083 4.31%
    GREELEY, CO (FHA|USDA|VA) 5 $1,285,000 $257,000 $3,898 5.64%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $670,000 $335,000 $5,438 2.99%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $370,000 $185,000 $3,836 2.62%
    PUEBLO, CO (FHA|USDA|VA) 2 $310,000 $155,000 $3,116 3.87%
    BOULDER, CO (FHA|USDA|VA) 2 $190,000 $95,000 $1,656 4.62%
    Cañon City, CO (FHA|USDA|VA) 1 $125,000 $125,000 $2,812 2.50%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $75,000 $75,000 $272 11.50%
    Outside of Metro Areas 1 $65,000 $65,000 $0 3.75%
    Rocky Mountain Law Enforcement Fcu's top markets include Denver, Greeley, Fort Collins, Colorado Springs, 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 ROCKY MOUNTAIN LAW ENFORCEMENT FCU based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The District Federal Credit Union
    Similarity Rank: 882
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1344
    DENVER COMMUNITY
    Similarity Rank: 1540
    Red Rocks Credit Union
    Similarity Rank: 1830
    Shea Mortgage Inc.
    Similarity Rank: 2432
    WESTERRA CREDIT UNION
    Similarity Rank: 2528
    FOOTHILLS
    Similarity Rank: 2604
    Farmers & Stockmens Bank
    Similarity Rank: 2604
    FIDELIS CATHOLIC
    Similarity Rank: 2700
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 2730

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 122 $33,950,000 $278,279 $3,963 4.35%

    For 2021, Rocky Mountain Law Enforcement Fcu's most frequently originated type of loan was Conventional, with 122 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 69 $19,685,000 $285,290 $3,848 4.27%
    Refi 25 $7,465,000 $298,600 $4,586 3.35%
    Home Improvement 14 $1,220,000 $87,143 $862 7.07%
    Cash Out Refi 8 $3,270,000 $408,750 $6,142 4.03%
    Home Purchase 6 $2,310,000 $385,000 $7,006 3.58%

    For 2021, Rocky Mountain Law Enforcement Fcu's most frequently cited loan purpose was Other, with 69 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 77 $28,195,000 $366,169 $5,272 3.47%
    15 Year 30 $2,990,000 $99,667 $1,075 6.96%
    10 Year 7 $1,215,000 $173,571 $3,010 3.89%
    20 Year 6 $1,450,000 $241,667 $3,984 3.24%
    5 Year 1 $65,000 $65,000 $0 3.75%
    Other 1 $35,000 $35,000 $242 5.00%

    For 2021, Rocky Mountain Law Enforcement Fcu's most frequently cited loan duration was 30 Year, with 77 originations. The 2nd most popular length was 15 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 31 $4,095,000 $132,097
    $1k-2k 23 $3,625,000 $157,609
    $3k-4k 23 $8,155,000 $354,565
    $4k-5k 19 $8,655,000 $455,526
    $2k-3k 16 $4,000,000 $250,000
    $5k+ 9 $5,075,000 $563,889

    Rocky Mountain Law Enforcement Fcu's average total fees were $5,272, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 31 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 56 $17,850,000 $318,750
    3-4% 23 $9,195,000 $399,783
    Over 8% 15 $855,000 $57,000
    4-5% 11 $1,525,000 $138,636
    6-7% 8 $2,420,000 $302,500
    <2.5% 6 $1,540,000 $256,667
    5-6% 2 $510,000 $255,000
    7-8% 1 $55,000 $55,000

    During 2021, Rocky Mountain Law Enforcement Fcu's average interest rate for loans was 3.47%, while their most frequently originated rate bucket for loans was 2.5-3%, with 56 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 41 $12,625,000 $307,927 $4,584 3.42%
    $400k-600k 29 $14,135,000 $487,414 $7,422 3.51%
    $100,000 or less 26 $1,350,000 $51,923 $241 7.75%
    $100k-200k 24 $3,680,000 $153,333 $2,885 3.39%
    $1MM+ 1 $1,505,000 $1,505,000 $2,904 3.24%
    $600k-1MM 1 $655,000 $655,000 $1,800 3.24%

    2021 saw Rocky Mountain Law Enforcement Fcu place emphasis on $200k-400k loans with 41 originations, totaling $12,625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 44 $11,020,000 $250,455 $3,683 5.05%
    $75k-100k 25 $6,865,000 $274,600 $4,207 4.43%
    $150k-250k 24 $8,160,000 $340,000 $4,886 4.15%
    $50k-75k 14 $3,360,000 $240,000 $3,924 3.15%
    $50k or less 10 $1,630,000 $163,000 $2,760 3.76%
    $250k+ 5 $2,915,000 $583,000 $3,280 3.39%

    Rocky Mountain Law Enforcement Fcu lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $75k-100k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 20 $3,170,000 $158,500 $2,231 5.77%
    20-30% 19 $6,625,000 $348,684 $5,288 3.84%
    <20% 7 $1,475,000 $210,714 $3,476 3.39%
    44% 6 $1,070,000 $178,333 $2,277 7.16%
    36% 4 $890,000 $222,500 $2,629 6.45%
    40% 3 $605,000 $201,667 $2,665 5.25%
    45% 3 $155,000 $51,667 $242 9.92%
    48% 3 $625,000 $208,333 $3,149 7.35%
    38% 2 $480,000 $240,000 $4,062 2.62%
    42% 2 $610,000 $305,000 $5,134 2.62%
    37% 1 $55,000 $55,000 $272 4.75%
    49% 1 $45,000 $45,000 $242 5.00%
    46% 1 $575,000 $575,000 $8,082 6.54%

    Rocky Mountain Law Enforcement Fcu lent most frequently to those with DTI ratios of 30-36%, with 20 originations. The next most common DTI ratio? 20-30%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 64 $20,140,000 $314,688 $4,337 4.08%
    Not provided 54 $12,700,000 $235,185 $3,476 4.77%
    Korean 1 $455,000 $455,000 $6,861 2.99%
    Asian 2 $340,000 $170,000 $3,180 3.25%
    American Indian 1 $315,000 $315,000 $4,968 2.99%

    Approval Rates

    Total approvals of all applications
    97.96%

    Rocky Mountain Law Enforcement Fcu has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    84.43%

    Rocky Mountain Law Enforcement Fcu has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 122 $33,950,000 $278,279

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    122 $33,950,000 $278,279

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $1,215,000 $135,000 $2,196 4.75%
    40-60% 11 $3,325,000 $302,273 $4,817 3.67%
    60-80% 20 $6,650,000 $332,500 $4,920 3.58%
    80-100% 9 $4,435,000 $492,778 $7,775 4.17%
    Under 20% 25 $1,275,000 $51,000 $240 7.60%