White Crown Federal Credit Union Mortgage Rates, Fees & Info
Denver, COLEI: 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
34Origination Dollar Volume (All Markets)
$10,080,000Top 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) | 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% |
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.
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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
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
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
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
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
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
Approval Rates
Total approvals of all applications100.00%
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 origination82.35%
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 |