White Crown Federal Credit Union Mortgage Rates, Fees & Info

Denver, CO

LEI: 549300N3HTAM5X2VWB62

Tax ID: 83-0173720

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Mortgage Data

Review & Overview

White Crown Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. White Crown Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Breckenridge, Greeley, and Colorado Springs among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

White Crown 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. White Crown Federal Credit Union 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.

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Originations

34

Origination Dollar Volume (All Markets)

$10,080,000

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) 31 $8,635,000 $278,548 $5,770 3.44%
Breckenridge, CO (FHA|USDA|VA) 1 $655,000 $655,000 $9,739 3.50%
GREELEY, CO (FHA|USDA|VA) 1 $465,000 $465,000 $8,076 3.38%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $325,000 $325,000 $5,827 3.50%
White Crown Federal Credit Union's top markets include Denver, Breckenridge, Greeley, 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 WHITE CROWN FEDERAL CREDIT UNION 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: 441
    DENVER COMMUNITY
    Similarity Rank: 732
    United Fidelity Bank, fsb
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    LANDED HOME LOANS LLC
    Similarity Rank: 1040
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 1175
    FOOTHILLS
    Similarity Rank: 1336
    WHITE CROWN FEDERAL CREDIT UNION
    Similarity Rank: 2260
    Adams Bank & Trust
    Similarity Rank: 2550
    DHA FINANCIAL, LLC
    Similarity Rank: 2616
    LOANFLIGHT LENDING, LLC
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 34 $10,080,000 $296,471 $5,996 3.44%

    For 2020, White Crown Federal Credit Union's most frequently originated type of loan was Conventional, with 34 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 20 $7,220,000 $361,000 $6,541 3.25%
    Refi 10 $2,470,000 $247,000 $5,015 2.78%
    Home Purchase 2 $280,000 $140,000 $0 3.63%
    Home Improvement 1 $35,000 $35,000 $0 5.75%
    Other 1 $75,000 $75,000 $0 11.25%

    For 2020, White Crown Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 20 originations. The 2nd most popular reason was Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 16 $6,290,000 $393,125 $6,723 3.31%
    15 Year 11 $1,875,000 $170,455 $4,599 3.76%
    10 Year 3 $745,000 $248,333 $5,740 2.96%
    20 Year 3 $1,035,000 $345,000 $6,258 3.29%
    Other 1 $135,000 $135,000 $0 3.88%

    For 2020, White Crown Federal Credit Union's most frequently cited loan duration was 30 Year, with 16 originations. The 2nd most popular length was 15 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $4k-5k 11 $3,595,000 $326,818
    $2k-3k 6 $840,000 $140,000
    $3k-4k 6 $1,540,000 $256,667
    $5k+ 6 $3,600,000 $600,000

    White Crown Federal Credit Union's average total fees were $6,723, while their most frequently occuring range of origination fees (closing costs) were in the $4k-5k bucket, with 11 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 15 $5,575,000 $371,667
    2.5-3% 13 $3,465,000 $266,538
    <2.5% 4 $930,000 $232,500
    5-6% 1 $35,000 $35,000
    Over 8% 1 $75,000 $75,000

    During 2020, White Crown Federal Credit Union's average interest rate for loans was 3.31%, while their most frequently originated rate bucket for loans was 3-4%, with 15 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 17 $5,135,000 $302,059 $5,634 3.13%
    $100k-200k 8 $1,140,000 $142,500 $3,891 3.03%
    $100,000 or less 3 $205,000 $68,333 $3,187 6.58%
    $400k-600k 3 $1,365,000 $455,000 $7,636 2.88%
    $600k-1MM 3 $2,235,000 $745,000 $10,734 3.71%

    2020 saw White Crown Federal Credit Union place emphasis on $200k-400k loans with 17 originations, totaling $5,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 11 $2,615,000 $237,727 $5,076 3.15%
    $150k-250k 6 $2,720,000 $453,333 $8,271 4.56%
    $100k-150k 5 $1,675,000 $335,000 $5,965 3.00%
    $50k or less 5 $875,000 $175,000 $4,670 3.45%
    $50k-75k 4 $1,260,000 $315,000 $5,875 3.00%
    $250k+ 1 $655,000 $655,000 $9,739 3.50%

    White Crown Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 11 originations. The second most popular income band? $150k-250k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 6 $2,460,000 $410,000 $6,987 2.96%
    30-36% 5 $1,505,000 $301,000 $6,140 3.22%
    39% 5 $1,235,000 $247,000 $5,139 3.05%
    50-60% 3 $665,000 $221,667 $5,790 4.00%
    45% 3 $735,000 $245,000 $5,671 5.63%
    44% 2 $670,000 $335,000 $5,798 2.88%
    >60% 2 $1,070,000 $535,000 $8,648 3.63%
    42% 1 $245,000 $245,000 $4,779 3.88%
    36% 1 $265,000 $265,000 $5,569 3.00%
    38% 1 $325,000 $325,000 $5,827 3.50%
    <20% 1 $205,000 $205,000 $4,331 2.63%
    46% 1 $125,000 $125,000 $3,536 2.50%
    49% 1 $295,000 $295,000 $5,536 3.25%

    White Crown Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 6 originations. The next most common DTI ratio? 30-36%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 17 $5,785,000 $340,294 $6,751 3.79%
    Not provided 11 $2,815,000 $255,909 $5,074 2.97%
    Black 3 $955,000 $318,333 $5,954 2.96%
    Not applicable 2 $280,000 $140,000 $0 3.63%
    Asian 1 $245,000 $245,000 $4,779 3.88%

    Approval Rates

    Total approvals of all applications
    100.00%

    White Crown 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
    82.35%

    White Crown Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 34 $10,080,000 $296,471

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 34 $10,080,000 $296,471

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,475,000 $210,714 $4,906 2.84%
    40-60% 7 $1,625,000 $232,143 $4,516 2.95%
    60-80% 13 $5,085,000 $391,154 $6,933 3.32%
    80-100% 4 $1,690,000 $422,500 $8,326 3.41%
    Under 20% 3 $205,000 $68,333 $3,187 6.58%