The District Federal Credit Union Mortgage Rates, Fees & Info

Aurora, CO

LEI: 549300JPN8RD09QJ6366

Tax ID: 84-0519975

5 stars - Updated: 4/5/25 - out of 5 stars, based on 2 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

The District Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Other loans. The District Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Denver.

The District Federal Credit Union has an above average approval rate when compared to the average across all lenders. The District 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
30 Year Cash-out Refi 6.81% 4/5/25
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.

The District 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 The District 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

6

Origination Dollar Volume (All Markets)

$910,000

Relative Rate

The District Federal Credit Union's average 30 year fixed mortgage rate was 6.63%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of 0.08%.

Relative Fees (Closing Costs)

The District Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,951.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

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) 6 $910,000 $151,667 $1,491 7.79%
The District Federal Credit Union's top markets include and Denver among others.

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

    We use machine learning to identify the top lenders compared against The District Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 264
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    Similarity Rank: 1100
    BROOKHOLLOW MORTGAGE SERVICES, LTD
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    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 1296
    South Pacific Financial Corporation
    Similarity Rank: 1665
    Alpine Bank
    Similarity Rank: 1785
    NEST HOME LENDING, LLC
    Similarity Rank: 1840

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6 $910,000 $151,667 $1,491 7.79%

    For 2024, The District Federal Credit Union's most frequently originated type of loan was Conventional, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 3 $545,000 $181,667 $2,734 7.08%
    Other 2 $260,000 $130,000 $249 8.50%
    Home Improvement 1 $105,000 $105,000 $249 8.50%

    For 2024, The District Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 3 originations. The 2nd most popular reason was Other, with 2 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 3 $425,000 $141,667 $266 8.33%
    30 Year 2 $430,000 $215,000 $3,951 6.63%
    15 Year 1 $55,000 $55,000 $249 8.50%

    For 2024, The District Federal Credit Union's most frequently cited loan duration was 20 Year, with 3 originations. The 2nd most popular length was 30 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 1 $165,000 $165,000
    $3k-4k 1 $265,000 $265,000

    The District Federal Credit Union's average total fees were $3,951, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 3 $365,000 $121,667
    6-7% 2 $430,000 $215,000
    7-8% 1 $115,000 $115,000

    During 2024, The District Federal Credit Union's average interest rate for loans was 6.63%, while their most frequently originated rate bucket for loans was Over 8%, with 3 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 3 $385,000 $128,333 $1,183 7.79%
    $200k-400k 2 $470,000 $235,000 $2,576 7.44%
    $100,000 or less 1 $55,000 $55,000 $249 8.50%

    2024 saw The District Federal Credit Union place emphasis on $100k-200k loans with 3 originations, totaling $385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 6 $910,000 $151,667 $1,491 7.79%

    The District Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 3 $485,000 $161,667 $2,717 7.25%
    30-36% 1 $115,000 $115,000 $299 8.00%
    46% 1 $205,000 $205,000 $249 8.50%
    49% 1 $105,000 $105,000 $249 8.50%

    The District Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 3 originations. The next most common DTI ratio? 30-36%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6 $910,000 $151,667 $1,491 7.79%

    Approval Rates

    Total approvals of all applications
    100.00%

    The District Federal Credit Union 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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 6 $910,000 $151,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6 $910,000 $151,667

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $485,000 $161,667 $1,183 7.79%
    40-60% 1 $265,000 $265,000 $4,902 6.38%
    Under 20% 2 $160,000 $80,000 $249 8.50%