Credit Union Of The Rockies Mortgage Rates, Fees & Info

Golden, CO

LEI: 549300Q4S6BX5BFNR019

Tax ID: 84-0402825

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
  • Complaints
  • 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

    Credit Union Of The Rockies is a smaller credit union specializing in Other, Home Improvement, and Refi loans. Credit Union Of The Rockies has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Boulder, Breckenridge, Colorado Springs, and Greeley among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Credit Union Of The Rockies 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. Credit Union Of The Rockies 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.

    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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Cash-out Refi 6.77% 12/16/24
    15 Year Conventional Purchase 5.69% 12/16/24
    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.

    Credit Union Of The Rockies Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Credit Union Of The Rockies. 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

    60

    Origination Dollar Volume (All Markets)

    $5,760,000

    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) 41 $3,365,000 $82,073 $481 5.42%
    Outside of Metro Areas 14 $1,320,000 $94,286 $943 5.18%
    BOULDER, CO (FHA|USDA|VA) 1 $765,000 $765,000 $0 4.51%
    Breckenridge, CO (FHA|USDA|VA) 2 $240,000 $120,000 $35 5.74%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.75%
    GREELEY, CO (FHA|USDA|VA) 1 $15,000 $15,000 $0 4.75%
    Credit Union Of The Rockies's top markets include Denver, Boulder, Breckenridge, Colorado Springs, and Greeley among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 60 $5,760,000 $96,000 $554 5.37%

    For 2019, Credit Union Of The Rockies's most frequently originated type of loan was Conventional, with 60 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 22 $1,310,000 $59,545 $137 5.77%
    Home Improvement 18 $1,220,000 $67,778 $14 5.44%
    Refi 16 $2,500,000 $156,250 $878 4.90%
    Cash Out Refi 3 $665,000 $221,667 $5,050 4.58%
    Home Purchase 1 $65,000 $65,000 $0 4.99%

    For 2019, Credit Union Of The Rockies's most frequently cited loan purpose was Other, with 22 originations. The 2nd most popular reason was Home Improvement, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 28 $2,830,000 $101,071 $97 5.15%
    15 Year 10 $1,020,000 $102,000 $597 5.69%
    20 Year 7 $525,000 $75,000 $116 6.20%
    5 Year 6 $180,000 $30,000 $0 5.17%
    30 Year 4 $1,070,000 $267,500 $5,592 4.84%
    Other 4 $120,000 $30,000 $0 5.62%
    3 Year 1 $15,000 $15,000 $0 4.75%

    For 2019, Credit Union Of The Rockies's most frequently cited loan duration was 10 Year, with 28 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 52 $3,530,000 $67,885
    $3k-4k 3 $795,000 $265,000
    $2k-3k 1 $155,000 $155,000
    $4k-5k 1 $345,000 $345,000

    Credit Union Of The Rockies's average total fees were $5,592, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 52 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 28 $2,760,000 $98,571
    5-6% 22 $2,080,000 $94,545
    6-7% 5 $235,000 $47,000
    3-4% 2 $510,000 $255,000
    Over 8% 2 $150,000 $75,000
    7-8% 1 $25,000 $25,000

    During 2019, Credit Union Of The Rockies's average interest rate for loans was 4.84%, while their most frequently originated rate bucket for loans was 4-5%, with 28 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $2,110,000 $47,955 $72 5.53%
    $100k-200k 8 $1,020,000 $127,500 $637 5.01%
    $200k-400k 7 $1,865,000 $266,429 $3,428 4.84%
    $600k-1MM 1 $765,000 $765,000 $0 4.51%

    2019 saw Credit Union Of The Rockies place emphasis on $100,000 or less loans with 44 originations, totaling $2,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 16 $1,500,000 $93,750 $787 5.10%
    $150k-250k 12 $810,000 $67,500 $14 5.28%
    $50k-75k 12 $910,000 $75,833 $1,023 5.76%
    $75k-100k 12 $1,270,000 $105,833 $606 5.81%
    $50k or less 6 $260,000 $43,333 $0 4.63%
    $250k+ 2 $1,010,000 $505,000 $70 5.26%

    Credit Union Of The Rockies lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $150k-250k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 16 $1,150,000 $71,875 $693 5.38%
    30-36% 10 $810,000 $81,000 $95 5.95%
    <20% 6 $1,000,000 $166,667 $0 4.71%
    >60% 5 $375,000 $75,000 $125 6.05%
    50-60% 5 $675,000 $135,000 $1,796 5.34%
    40% 3 $315,000 $105,000 $1,707 5.04%
    37% 3 $235,000 $78,333 $0 4.66%
    41% 2 $70,000 $35,000 $413 4.87%
    47% 2 $230,000 $115,000 $0 5.50%
    38% 1 $205,000 $205,000 $70 5.99%
    48% 1 $285,000 $285,000 $5,566 5.50%
    49% 1 $275,000 $275,000 $825 4.51%
    36% 1 $55,000 $55,000 $0 5.50%
    46% 1 $35,000 $35,000 $0 5.49%
    39% 1 $15,000 $15,000 $0 4.75%
    42% 1 $15,000 $15,000 $0 5.00%
    43% 1 $15,000 $15,000 $0 4.75%

    Credit Union Of The Rockies lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? 30-36%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 45 $3,945,000 $87,667 $210 5.47%
    Not provided 9 $1,215,000 $135,000 $1,463 5.16%
    American Indian 4 $480,000 $120,000 $2,396 4.37%
    Asian 1 $65,000 $65,000 $0 4.99%
    Black 1 $55,000 $55,000 $0 6.75%

    Approval Rates

    Total approvals of all applications
    96.25%

    Credit Union Of The Rockies 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
    88.33%

    Credit Union Of The Rockies has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 60 $5,760,000 $96,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 60 $5,760,000 $96,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $1,310,000 $131,000 $102 5.37%
    40-60% 4 $760,000 $190,000 $4,036 4.38%
    60-80% 4 $1,610,000 $402,500 $4,058 4.57%
    Under 20% 42 $2,080,000 $49,524 $56 5.54%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Credit Technologies, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    Credit Technologies, Inc. Conventional home mortgage Improper use of your report 1 33.3%
    Credit Technologies, Inc. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%