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 loans. Denver Community has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Greeley, Breckenridge, Fort Collins, and Edwards among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Denver Community has an 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.

    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
    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

    280

    Origination Dollar Volume (All Markets)

    $41,360,000

    Awards

    DENVER COMMUNITY 30 Year Conventional Loans gold DENVER COMMUNITY 30 Year Conventional Loans silver
    Show all (2) 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) 260 $38,080,000 $146,462 $1,775 3.95%
    GREELEY, CO (FHA|USDA|VA) 7 $955,000 $136,429 $1,693 4.14%
    Breckenridge, CO (FHA|USDA|VA) 3 $565,000 $188,333 $1,763 3.62%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $545,000 $545,000 $2,719 3.00%
    Edwards, CO (FHA|USDA|VA) 2 $430,000 $215,000 $0 4.44%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $255,000 $255,000 $2,283 2.75%
    BOULDER, CO (FHA|USDA|VA) 1 $215,000 $215,000 $1,849 3.00%
    Outside of Metro Areas 3 $135,000 $45,000 $427 3.33%
    Durango, CO (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.00%
    Cañon City, CO (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.00%
    Denver Community's top markets include Denver, Greeley, Breckenridge, Fort Collins, and Edwards 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.

    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 162 $33,420,000 $206,296 $1,757 3.04%
    HELOC 118 $7,940,000 $67,288 n/a 5.18%

    For 2021, Denver Community's most frequently originated type of loan was Conventional, with 162 originations. Their 2nd most popular type was HELOC, with 118 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 167 $26,365,000 $157,874 $1,644 3.51%
    Home Improvement 64 $4,270,000 $66,719 $0 5.21%
    Refi 31 $4,535,000 $146,290 $1,889 3.88%
    Home Purchase 16 $5,900,000 $368,750 $2,537 3.10%
    Other 2 $290,000 $145,000 $0 6.63%

    For 2021, Denver Community's most frequently cited loan purpose was Cash Out Refi, with 167 originations. The 2nd most popular reason was Home Improvement, with 64 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 110 $7,630,000 $69,364 $0 5.03%
    30 Year 76 $22,370,000 $294,342 $2,279 2.97%
    15 Year 39 $5,285,000 $135,513 $1,807 3.86%
    10 Year 35 $1,335,000 $38,143 $428 3.45%
    20 Year 19 $4,335,000 $228,158 $2,070 2.75%
    1 Year 1 $405,000 $405,000 $2,344 0.75%

    For 2021, Denver Community's most frequently cited loan duration was Other, with 110 originations. The 2nd most popular length was 30 Year, with 76 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 116 $7,930,000 $68,362
    2.5-3% 89 $21,455,000 $241,067
    3-4% 49 $7,725,000 $157,653
    <2.5% 14 $3,660,000 $261,429
    7-8% 8 $310,000 $38,750
    5-6% 3 $145,000 $48,333
    Over 8% 1 $135,000 $135,000

    During 2021, Denver Community's average interest rate for loans was 2.97%, while their most frequently originated rate bucket for loans was 4-5%, with 116 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 131 $5,865,000 $44,771 $493 4.67%
    $100k-200k 66 $9,170,000 $138,939 $2,050 3.85%
    $200k-400k 66 $18,370,000 $278,333 $2,204 2.92%
    $400k-600k 17 $7,955,000 $467,941 $2,597 2.64%

    2021 saw Denver Community place emphasis on $100,000 or less loans with 131 originations, totaling $5,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 71 $12,535,000 $176,549 $1,898 4.05%
    $50k-75k 62 $8,400,000 $135,484 $1,788 3.70%
    $75k-100k 61 $8,435,000 $138,279 $1,770 3.90%
    $150k-250k 39 $5,195,000 $133,205 $1,501 4.23%
    $50k or less 33 $4,045,000 $122,576 $1,631 3.73%
    $250k+ 14 $2,750,000 $196,429 $2,083 4.35%

    Denver Community lent most frequently to those with incomes in the $100k-150k range, with 71 originations. The second most popular income band? $50k-75k, with 62 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 69 $10,735,000 $155,580 $1,713 3.66%
    30-36% 62 $10,620,000 $171,290 $1,727 3.78%
    <20% 35 $4,565,000 $130,429 $1,829 3.87%
    42% 14 $1,640,000 $117,143 $1,630 3.79%
    44% 14 $2,010,000 $143,571 $1,767 4.13%
    36% 12 $2,350,000 $195,833 $2,329 4.27%
    39% 12 $1,310,000 $109,167 $1,296 4.51%
    37% 11 $1,585,000 $144,091 $2,072 4.14%
    40% 10 $1,180,000 $118,000 $2,041 4.33%
    38% 9 $1,605,000 $178,333 $2,194 4.04%
    41% 9 $1,755,000 $195,000 $1,880 3.68%
    43% 8 $710,000 $88,750 $1,269 4.27%
    45% 5 $235,000 $47,000 $0 5.00%
    47% 3 $195,000 $65,000 $568 5.50%
    50-60% 3 $465,000 $155,000 $1,209 4.29%
    49% 2 $90,000 $45,000 $0 5.00%
    46% 1 $25,000 $25,000 $0 5.00%
    >60% 1 $285,000 $285,000 $1,979 2.75%

    Denver Community lent most frequently to those with DTI ratios of 20-30%, with 69 originations. The next most common DTI ratio? 30-36%, with 62 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 176 $27,710,000 $157,443 $1,876 3.90%
    Not provided 67 $8,405,000 $125,448 $1,519 3.95%
    Black 25 $3,055,000 $122,200 $1,570 4.15%
    American Indian 9 $1,855,000 $206,111 $1,854 3.64%
    Asian 1 $245,000 $245,000 $2,494 2.38%
    Native Hawaiian or Islander 2 $90,000 $45,000 $0 6.13%

    Approval Rates

    Total approvals of all applications
    84.65%

    Denver Community has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    70.36%

    Denver Community has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 280 $41,360,000 $147,714

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    280 $41,360,000 $147,714

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 57 $8,365,000 $146,754 $2,066 3.73%
    40-60% 33 $6,965,000 $211,061 $2,022 2.92%
    60-80% 40 $12,940,000 $323,500 $2,212 2.93%
    80-100% 16 $6,490,000 $405,625 $2,730 2.64%
    Under 20% 134 $6,600,000 $49,254 $441 4.74%