Denver Community Mortgage Rates, Fees & Info

Denver, CO

LEI: 549300N6Q6IC190UPB76

Tax ID: 84-0405947

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

    Denver Community is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Denver Community has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Grand Junction, and Greeley among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Denver Community 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. Denver Community 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% 4/28/24
    30 Year Conventional Purchase 6.42% 4/28/24
    30 Year Cash-out Refi 5.80% 4/28/24
    15 Year Conventional Refi 5.68% 4/28/24
    15 Year Cash-out Refi 5.68% 4/28/24
    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 Community Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Denver Community. 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

    114

    Origination Dollar Volume (All Markets)

    $27,310,000

    Awards

    DENVER COMMUNITY 30 Year Conventional Loans bronze
    Show all (1) awards

    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) 110 $26,390,000 $239,909 $2,464 4.67%
    Outside of Metro Areas 2 $700,000 $350,000 $3,277 4.50%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $155,000 $155,000 $3,829 4.50%
    GREELEY, CO (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.00%
    Denver Community's top markets include Denver, Grand Junction, and Greeley among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against DENVER COMMUNITY 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
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    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 114 $27,310,000 $239,561 $2,493 4.67%

    For 2018, Denver Community's most frequently originated type of loan was Conventional, with 114 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 77 $15,675,000 $203,571 $2,415 4.76%
    Home Purchase 28 $9,950,000 $355,357 $2,836 4.63%
    Refi 9 $1,685,000 $187,222 $2,072 4.05%

    For 2018, Denver Community's most frequently cited loan purpose was Cash Out Refi, with 77 originations. The 2nd most popular reason was Home Purchase, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 68 $22,400,000 $329,412 $3,251 4.62%
    15 Year 23 $2,515,000 $109,348 $1,378 4.79%
    10 Year 13 $695,000 $53,462 $454 4.76%
    20 Year 8 $1,670,000 $208,750 $2,507 4.81%
    Other 2 $30,000 $15,000 $509 4.00%

    For 2018, Denver Community's most frequently cited loan duration was 30 Year, with 68 originations. The 2nd most popular length was 15 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 15 $6,185,000 $412,333
    $1k-2k 1 $125,000 $125,000

    Denver Community's average total fees were $3,251, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 15 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 91 $21,275,000 $233,791
    5-6% 13 $2,925,000 $225,000
    3-4% 9 $2,985,000 $331,667
    <2.5% 1 $125,000 $125,000

    During 2018, Denver Community's average interest rate for loans was 4.62%, while their most frequently originated rate bucket for loans was 4-5%, with 91 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 44 $12,490,000 $283,864 $3,025 4.68%
    $100,000 or less 35 $1,645,000 $47,000 $562 4.87%
    $100k-200k 19 $2,865,000 $150,789 $2,676 4.39%
    $400k-600k 9 $4,385,000 $487,222 $4,263 4.65%
    $600k-1MM 6 $4,630,000 $771,667 $4,615 4.35%
    $1MM+ 1 $1,295,000 $1,295,000 $6,270 4.75%

    2018 saw Denver Community place emphasis on $200k-400k loans with 44 originations, totaling $12,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 25 $7,125,000 $285,000 $3,058 4.75%
    $50k-75k 21 $2,965,000 $141,190 $1,885 4.68%
    $75k-100k 21 $4,365,000 $207,857 $2,361 4.85%
    $50k or less 20 $2,830,000 $141,500 $2,372 4.74%
    $150k-250k 17 $4,935,000 $290,294 $2,311 4.40%
    $250k+ 10 $5,090,000 $509,000 $3,112 4.44%

    Denver Community lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $50k-75k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 27 $5,505,000 $203,889 $2,654 4.75%
    20-30% 24 $5,710,000 $237,917 $2,396 4.50%
    <20% 10 $3,530,000 $353,000 $2,839 4.35%
    38% 6 $2,150,000 $358,333 $2,967 4.71%
    41% 5 $1,095,000 $219,000 $2,782 4.83%
    45% 5 $1,775,000 $355,000 $2,656 4.75%
    42% 4 $250,000 $62,500 $1,350 4.97%
    37% 4 $910,000 $227,500 $2,366 4.84%
    43% 4 $590,000 $147,500 $1,899 4.80%
    40% 3 $125,000 $41,667 $333 4.92%
    39% 3 $555,000 $185,000 $1,862 4.92%
    44% 3 $265,000 $88,333 $1,481 4.58%
    36% 3 $275,000 $91,667 $1,530 4.91%
    46% 3 $1,085,000 $361,667 $4,052 4.54%
    47% 3 $1,615,000 $538,333 $2,227 4.42%
    48% 3 $555,000 $185,000 $2,092 5.04%
    49% 3 $505,000 $168,333 $2,357 4.79%
    50-60% 1 $815,000 $815,000 $12,247 4.00%

    Denver Community lent most frequently to those with DTI ratios of 30-36%, with 27 originations. The next most common DTI ratio? 20-30%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 88 $21,860,000 $248,409 $2,576 4.64%
    Not provided 16 $3,190,000 $199,375 $2,009 4.77%
    Black 5 $985,000 $197,000 $2,215 5.00%
    American Indian 2 $500,000 $250,000 $3,235 4.69%
    Asian 1 $475,000 $475,000 $3,409 4.25%
    Native Hawaiian or Islander 1 $235,000 $235,000 $3,198 4.50%
    Korean 1 $65,000 $65,000 $226 4.88%

    Approval Rates

    Total approvals of all applications
    92.67%

    Denver Community has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.07%

    Denver Community has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 114 $27,310,000 $239,561

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 114 $27,310,000 $239,561

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $500,000 $83,333 $992 4.79%
    40-60% 22 $4,390,000 $199,545 $3,030 4.45%
    60-80% 41 $15,355,000 $374,512 $3,499 4.64%
    80-100% 13 $5,385,000 $414,231 $3,273 4.60%
    Under 20% 32 $1,680,000 $52,500 $604 4.87%