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 Refi loans. Credit Union Of The Rockies has a high proportion of conventional loans. Their top markets by origination volume include: Denver, Breckenridge, Colorado Springs, Steamboat Springs, and Grand Junction 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 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

    56

    Origination Dollar Volume (All Markets)

    $9,520,000

    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) 33 $5,545,000 $168,030 $1,102 3.19%
    Breckenridge, CO (FHA|USDA|VA) 9 $1,845,000 $205,000 $879 2.88%
    Outside of Metro Areas 11 $1,575,000 $143,182 $865 3.14%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $265,000 $265,000 $625 2.99%
    Steamboat Springs, CO (FHA|USDA|VA) 1 $205,000 $205,000 $825 2.24%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $85,000 $85,000 $0 1.99%
    Credit Union Of The Rockies's top markets include Denver, Breckenridge, Colorado Springs, Steamboat Springs, and Grand Junction among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 56 $9,520,000 $170,000 $991 3.09%

    For 2021, Credit Union Of The Rockies's most frequently originated type of loan was Conventional, with 56 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 21 $4,875,000 $232,143 $1,417 2.52%
    Home Improvement 13 $1,455,000 $111,923 $269 3.97%
    Other 11 $1,185,000 $107,727 $57 3.18%
    Home Purchase 7 $965,000 $137,857 $1,024 3.05%
    Cash Out Refi 4 $1,040,000 $260,000 $4,639 3.06%

    For 2021, Credit Union Of The Rockies's most frequently cited loan purpose was Refi, with 21 originations. The 2nd most popular reason was Home Improvement, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 29 $3,855,000 $132,931 $208 2.58%
    15 Year 12 $1,910,000 $159,167 $1,510 3.78%
    20 Year 7 $1,985,000 $283,571 $154 4.00%
    30 Year 5 $1,215,000 $243,000 $5,381 3.03%
    Other 2 $530,000 $265,000 $0 2.93%
    5 Year 1 $25,000 $25,000 $0 3.75%

    For 2021, Credit Union Of The Rockies's most frequently cited loan duration was 10 Year, with 29 originations. The 2nd most popular length was 15 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 44 $6,960,000 $158,182
    $3k-4k 4 $990,000 $247,500
    $2k-3k 2 $270,000 $135,000
    $1k-2k 1 $75,000 $75,000
    $5k+ 1 $565,000 $565,000

    Credit Union Of The Rockies's average total fees were $5,381, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 44 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 25 $4,445,000 $177,800
    3-4% 21 $3,435,000 $163,571
    2.5-3% 4 $1,190,000 $297,500
    4-5% 3 $225,000 $75,000
    5-6% 3 $225,000 $75,000

    During 2021, Credit Union Of The Rockies's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was <2.5%, with 25 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 24 $1,230,000 $51,250 $240 3.40%
    $200k-400k 16 $4,200,000 $262,500 $1,663 2.66%
    $100k-200k 12 $1,600,000 $133,333 $820 2.97%
    $400k-600k 3 $1,485,000 $495,000 $4,863 3.06%
    $1MM+ 1 $1,005,000 $1,005,000 $875 3.99%

    2021 saw Credit Union Of The Rockies place emphasis on $100,000 or less loans with 24 originations, totaling $1,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 15 $2,125,000 $141,667 $1,044 3.26%
    $150k-250k 11 $1,785,000 $162,273 $621 3.46%
    $75k-100k 10 $1,580,000 $158,000 $841 2.83%
    $50k-75k 6 $820,000 $136,667 $2,207 2.76%
    $50k or less 6 $380,000 $63,333 $1,220 2.95%
    $250k+ 5 $1,205,000 $241,000 $298 2.70%

    Credit Union Of The Rockies lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $150k-250k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 21 $3,055,000 $145,476 $614 3.32%
    <20% 8 $990,000 $123,750 $714 2.43%
    50-60% 5 $695,000 $139,000 $1,142 2.67%
    30-36% 4 $540,000 $135,000 $1,476 2.84%
    42% 3 $375,000 $125,000 $208 2.99%
    37% 3 $655,000 $218,333 $2,073 2.49%
    >60% 2 $420,000 $210,000 $100 2.87%
    41% 2 $780,000 $390,000 $5,276 2.75%
    40% 1 $15,000 $15,000 $0 5.49%
    43% 1 $1,005,000 $1,005,000 $875 3.99%
    44% 1 $75,000 $75,000 $3,505 3.13%
    46% 1 $45,000 $45,000 $0 3.99%
    49% 1 $205,000 $205,000 $1,150 1.99%
    39% 1 $235,000 $235,000 $0 3.74%
    38% 1 $15,000 $15,000 $625 5.49%

    Credit Union Of The Rockies lent most frequently to those with DTI ratios of 20-30%, with 21 originations. The next most common DTI ratio? <20%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 40 $6,500,000 $162,500 $800 3.19%
    Not provided 9 $1,525,000 $169,444 $2,054 2.90%
    Not applicable 2 $620,000 $310,000 $825 3.06%
    Asian 4 $610,000 $152,500 $494 2.55%
    Black 1 $265,000 $265,000 $625 2.99%

    Approval Rates

    Total approvals of all applications
    89.25%

    Credit Union Of The Rockies has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.79%

    Credit Union Of The Rockies has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 56 $9,520,000 $170,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    56 $9,520,000 $170,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $2,945,000 $196,333 $1,396 2.90%
    40-60% 10 $2,180,000 $218,000 $743 2.68%
    60-80% 5 $1,955,000 $391,000 $2,552 2.92%
    80-100% 2 $770,000 $385,000 $5,276 2.62%
    Under 20% 24 $1,670,000 $69,583 $60 3.46%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Credit Union Mortgage Association, Inc. Conventional home mortgage Trouble during payment process 1 100.0%