Cherry Creek Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300RBX56T2MW5HO19

Tax ID: 84-1040263

5 stars - Updated: 5/27/24 - out of 5 stars, based on 43 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Cherry Creek Mortgage is a smaller mortgage company specializing in Home Purchase loans. Cherry Creek Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Denver, Colorado Springs, Houston, Dallas, and Riverside among others. We have data for 218 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cherry Creek Mortgage 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. Cherry Creek Mortgage 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 relatively high 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
30 Year Conventional Purchase 6.63% 5/27/24
30 Year Conventional Refi 6.39% 5/27/24
30 Year Cash-out Refi 6.63% 5/27/24
30 Year FHA Purchase 7.44% 5/27/24
30 Year FHA Refi 7.12% 5/27/24
30 Year VA Purchase 6.16% 5/27/24
30 Year VA Refi 5.95% 5/27/24
30 Year USDA Purchase 6.76% 5/27/24
15 Year Conventional Purchase 5.87% 5/27/24
15 Year Conventional Refi 5.72% 5/27/24
15 Year Cash-out Refi 5.72% 5/27/24
15 Year VA Purchase 5.28% 5/27/24
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.

Cherry Creek Mortgage Mortgage Calculator






Your Estimates

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

This is not an official calculator from Cherry Creek Mortgage. 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

1,829

Origination Dollar Volume (All Markets)

$597,795,000
Show all (35) awards

Relative Rate

Cherry Creek Mortgage's average 30 year fixed mortgage rate was 6.46%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.02%.

Relative Fees (Closing Costs)

Cherry Creek Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $2,310.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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) 241 $117,195,000 $486,286 $1,807 6.50%
COLORADO SPRINGS, CO (FHA|USDA|VA) 132 $60,160,000 $455,758 $4,160 5.98%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 144 $46,770,000 $324,792 $2,229 6.48%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 133 $38,365,000 $288,459 $2,427 6.77%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 54 $19,540,000 $361,852 $2,665 6.60%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 64 $18,210,000 $284,531 $2,143 6.60%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 48 $16,550,000 $344,792 $2,155 6.82%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 34 $15,500,000 $455,882 $1,183 6.39%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 52 $15,440,000 $296,923 $2,480 6.85%
FORT COLLINS, CO (FHA|USDA|VA) 41 $15,005,000 $365,976 $935 6.71%
ST. GEORGE, UT (FHA|USDA|VA) 49 $14,765,000 $301,327 $1,553 6.50%
BOULDER, CO (FHA|USDA|VA) 23 $12,585,000 $547,174 $1,125 6.78%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 24 $10,940,000 $455,833 $1,939 6.67%
Outside of Metro Areas 43 $10,805,000 $251,279 $1,448 6.76%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 35 $10,525,000 $300,714 $3,035 6.62%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 22 $8,850,000 $402,273 $628 6.74%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 27 $8,605,000 $318,704 $3,375 6.02%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 39 $8,205,000 $210,385 $2,050 6.35%
GREELEY, CO (FHA|USDA|VA) 22 $7,480,000 $340,000 $668 6.73%
CASPER, WY (FHA|USDA|VA) 27 $6,655,000 $246,481 $4,213 6.18%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 14 $5,690,000 $406,429 $4,143 6.54%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 15 $4,565,000 $304,333 $899 7.11%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 21 $4,445,000 $211,667 $2,659 6.66%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 22 $3,770,000 $171,364 $388 6.89%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 12 $3,350,000 $279,167 $627 6.72%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $3,340,000 $556,667 $748 6.45%
GRAND JUNCTION, CO (FHA|USDA|VA) 12 $3,320,000 $276,667 $2,485 6.70%
Bozeman, MT (FHA|USDA|VA) 10 $3,180,000 $318,000 $1,369 6.95%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 8 $3,030,000 $378,750 $4,440 6.68%
Outside of Metro Areas 7 $2,695,000 $385,000 $11,816 6.12%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $2,690,000 $672,500 $1,091 6.16%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 7 $2,685,000 $383,571 $2,333 6.39%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 12 $2,670,000 $222,500 $787 6.83%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 9 $2,655,000 $295,000 $1,503 6.84%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 10 $2,630,000 $263,000 $2,597 6.43%
APPLETON, WI (FHA|USDA|VA) 8 $2,210,000 $276,250 $2,409 6.83%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 9 $2,105,000 $233,889 $5,296 6.67%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 13 $2,035,000 $156,538 $6,655 6.80%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $1,995,000 $399,000 $837 7.12%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 8 $1,920,000 $240,000 $2,219 6.72%
LAREDO, TX (FHA|USDA|VA) 7 $1,905,000 $272,143 $2,753 6.00%
SHEBOYGAN, WI (FHA|USDA|VA) 7 $1,755,000 $250,714 $1,081 6.34%
EL PASO, TX (FHA|USDA|VA) 7 $1,715,000 $245,000 $2,335 6.32%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $1,435,000 $478,333 $1,304 6.38%
KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $1,345,000 $269,000 $733 5.83%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 13 $1,315,000 $101,154 $671 6.11%
WICHITA, KS (FHA|USDA|VA) 4 $1,220,000 $305,000 $764 6.31%
SALT LAKE CITY, UT (FHA|USDA|VA) 4 $1,210,000 $302,500 $824 6.45%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 6 $1,210,000 $201,667 $2,122 6.30%
NAPA, CA (FHA|USDA|VA) 2 $1,200,000 $600,000 $687 6.59%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $1,175,000 $391,667 $1,125 7.28%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 4 $1,170,000 $292,500 $3,387 5.90%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 6 $1,110,000 $185,000 $5,760 6.39%
SALEM, OR (FHA|USDA|VA) 2 $1,050,000 $525,000 $5,306 6.56%
FRESNO, CA (FHA|USDA|VA) 4 $1,040,000 $260,000 $2,655 7.07%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 7 $1,035,000 $147,857 $1,423 6.79%
FOND DU LAC, WI (FHA|USDA|VA) 3 $1,005,000 $335,000 $2,436 6.38%
BEND, OR (FHA|USDA|VA) 2 $1,000,000 $500,000 $999 7.44%
JACKSONVILLE, FL (FHA|USDA|VA) 6 $990,000 $165,000 $0 6.73%
BAKERSFIELD, CA (FHA|USDA|VA) 3 $965,000 $321,667 $2,381 6.38%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 3 $955,000 $318,333 $436 6.79%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 3 $945,000 $315,000 $0 6.32%
PROVO-OREM, UT (FHA|USDA|VA) 2 $910,000 $455,000 $4,950 7.13%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $900,000 $450,000 $713 6.56%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $880,000 $146,667 $488 6.88%
PUEBLO, CO (FHA|USDA|VA) 3 $875,000 $291,667 $3,287 6.38%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $860,000 $143,333 $0 6.65%
Glenwood Springs, CO (FHA|USDA|VA) 1 $855,000 $855,000 $828 6.00%
LAS CRUCES, NM (FHA|USDA|VA) 3 $825,000 $275,000 $1,655 5.83%
Montrose, CO (FHA|USDA|VA) 2 $800,000 $400,000 $149 6.83%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 5 $795,000 $159,000 $0 6.79%
Granbury, TX (FHA|USDA|VA) 4 $760,000 $190,000 $2,488 6.54%
FAYETTEVILLE, NC (FHA|USDA|VA) 6 $750,000 $125,000 $798 6.46%
Pottsville, PA (FHA|USDA|VA) 4 $740,000 $185,000 $2,062 6.34%
KNOXVILLE, TN (FHA|USDA|VA) 5 $725,000 $145,000 $0 6.47%
PEORIA, IL (FHA|USDA|VA) 2 $710,000 $355,000 $288 6.50%
SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $695,000 $231,667 $919 7.33%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $665,000 $665,000 $679 5.00%
OCALA, FL (FHA|USDA|VA) 2 $660,000 $330,000 $6,409 6.46%
BATTLE CREEK, MI (FHA|USDA|VA) 5 $645,000 $129,000 $1,923 6.28%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $625,000 $208,333 $625 6.43%
Sunbury, PA (FHA|USDA|VA) 5 $615,000 $123,000 $2,865 6.68%
RACINE, WI (FHA|USDA|VA) 2 $610,000 $305,000 $3,767 6.56%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $605,000 $201,667 $0 7.04%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $595,000 $595,000 $649 6.88%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 4 $580,000 $145,000 $475 6.88%
TULSA, OK (FHA|USDA|VA) 2 $580,000 $290,000 $889 6.71%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 4 $560,000 $140,000 $2,279 6.53%
Huntsville, TX (FHA|USDA|VA) 3 $555,000 $185,000 $2,629 6.35%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $550,000 $275,000 $714 6.98%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $545,000 $545,000 $0 9.99%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $545,000 $181,667 $2,910 7.12%
Steamboat Springs, CO (FHA|USDA|VA) 1 $545,000 $545,000 $974 7.38%
MODESTO, CA (FHA|USDA|VA) 2 $540,000 $270,000 $700 6.71%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $505,000 $505,000 $724 6.63%
VISALIA, CA (FHA|USDA|VA) 3 $505,000 $168,333 $978 7.24%
Breckenridge, CO (FHA|USDA|VA) 1 $485,000 $485,000 $952 7.63%
Edwards, CO (FHA|USDA|VA) 1 $485,000 $485,000 $149 5.88%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $480,000 $240,000 $0 7.33%
Manitowoc, WI (FHA|USDA|VA) 3 $475,000 $158,333 $455 6.33%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $460,000 $230,000 $3,511 6.56%
Cadillac, MI (FHA|USDA|VA) 3 $445,000 $148,333 $751 7.00%
MEDFORD, OR (FHA|USDA|VA) 1 $445,000 $445,000 $664 6.00%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 2 $440,000 $220,000 $4,442 6.81%
TUCSON, AZ (FHA|USDA|VA) 3 $435,000 $145,000 $0 6.75%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $415,000 $415,000 $859 6.63%
BRUNSWICK, GA (FHA|USDA|VA) 2 $410,000 $205,000 $0 7.19%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $395,000 $395,000 $0 6.94%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $395,000 $395,000 $99 6.88%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $385,000 $128,333 $0 7.35%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $375,000 $375,000 $820 7.00%
GREAT FALLS, MT (FHA|USDA|VA) 1 $375,000 $375,000 $149 5.75%
COLUMBUS, OH (FHA|USDA|VA) 4 $370,000 $92,500 $0 6.52%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $365,000 $365,000 $675 7.13%
BILLINGS, MT (FHA|USDA|VA) 1 $355,000 $355,000 $7,357 6.00%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $355,000 $355,000 $700 6.25%
Whitewater, WI (FHA|USDA|VA) 2 $350,000 $175,000 $512 6.75%
LONGVIEW, WA (FHA|USDA|VA) 3 $345,000 $115,000 $0 6.57%
GETTYSBURG, PA (FHA|USDA|VA) 1 $345,000 $345,000 $12,494 6.75%
Bardstown, KY (FHA|USDA|VA) 1 $345,000 $345,000 $0 7.16%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $345,000 $345,000 $0 6.45%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $310,000 $155,000 $874 6.65%
ASHEVILLE, NC (FHA|USDA|VA) 1 $305,000 $305,000 $709 6.63%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $300,000 $150,000 $126 7.00%
READING, PA (FHA|USDA|VA) 2 $300,000 $150,000 $2,715 6.81%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $290,000 $145,000 $0 7.15%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $285,000 $285,000 $1,089 6.00%
VALLEJO, CA (FHA|USDA|VA) 1 $275,000 $275,000 $0 6.50%
Brownwood, TX (FHA|USDA|VA) 1 $275,000 $275,000 $1,049 6.63%
Brainerd, MN (FHA|USDA|VA) 1 $275,000 $275,000 $764 6.25%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $275,000 $275,000 $0 6.61%
Oak Harbor, WA (FHA|USDA|VA) 1 $275,000 $275,000 $0 6.70%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $275,000 $275,000 $4,644 7.13%
COLUMBIA, SC (FHA|USDA|VA) 1 $265,000 $265,000 $5,065 7.13%
LUBBOCK, TX (FHA|USDA|VA) 1 $265,000 $265,000 $5,989 7.00%
BOISE CITY, ID (FHA|USDA|VA) 1 $265,000 $265,000 $4,458 5.75%
Sterling, IL (FHA|USDA|VA) 2 $260,000 $130,000 $1,253 6.50%
Shawano, WI (FHA|USDA|VA) 2 $260,000 $130,000 $1,102 6.75%
LOGAN, UT-ID (FHA|USDA|VA) 1 $255,000 $255,000 $0 6.41%
LaGrange, GA-AL (FHA|USDA|VA) 1 $255,000 $255,000 $0 6.75%
Mountain Home, ID (FHA|USDA|VA) 1 $255,000 $255,000 $0 7.20%
JOHNSON CITY, TN (FHA|USDA|VA) 2 $250,000 $125,000 $5,157 6.35%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $250,000 $125,000 $0 7.29%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $245,000 $245,000 $64 7.00%
FARMINGTON, NM (FHA|USDA|VA) 1 $235,000 $235,000 $895 6.50%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $235,000 $235,000 $0 7.34%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $225,000 $75,000 $0 7.18%
BATON ROUGE, LA (FHA|USDA|VA) 1 $225,000 $225,000 $0 7.20%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $225,000 $225,000 $675 6.63%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $205,000 $205,000 $1,175 7.13%
STOCKTON, CA (FHA|USDA|VA) 2 $200,000 $100,000 $0 7.02%
Butte-Silver Bow, MT (FHA|USDA|VA) 1 $195,000 $195,000 $4,049 7.25%
LEBANON, PA (FHA|USDA|VA) 1 $195,000 $195,000 $3,827 7.13%
Sheridan, WY (FHA|USDA|VA) 1 $195,000 $195,000 $0 7.22%
Show Low, AZ (FHA|USDA|VA) 2 $190,000 $95,000 $0 6.94%
THE VILLAGES, FL (FHA|USDA|VA) 2 $190,000 $95,000 $0 7.48%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $185,000 $185,000 $0 7.19%
MADISON, WI (FHA|USDA|VA) 1 $185,000 $185,000 $794 5.25%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $175,000 $175,000 $0 7.33%
Hillsdale, MI (FHA|USDA|VA) 1 $175,000 $175,000 $650 7.00%
TUSCALOOSA, AL (FHA|USDA|VA) 2 $170,000 $85,000 $809 5.80%
Coos Bay, OR (FHA|USDA|VA) 1 $165,000 $165,000 $0 6.67%
Big Rapids, MI (FHA|USDA|VA) 1 $165,000 $165,000 $720 7.00%
SAVANNAH, GA (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.72%
BURLINGTON, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,436 6.75%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.72%
PITTSBURGH, PA (FHA|USDA|VA) 1 $145,000 $145,000 $545 6.25%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.63%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.83%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.58%
Cedar City, UT (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.61%
GREEN BAY, WI (FHA|USDA|VA) 1 $135,000 $135,000 $1,924 6.63%
Rock Springs, WY (FHA|USDA|VA) 1 $125,000 $125,000 $3,301 5.75%
MERCED, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.95%
Augusta-Waterville, ME (FHA|USDA|VA) 1 $125,000 $125,000 $909 7.13%
Craig, CO (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.17%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $120,000 $60,000 $0 6.97%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.33%
AKRON, OH (FHA|USDA|VA) 1 $115,000 $115,000 $500 7.13%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.33%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.31%
Newport, OR (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.75%
Red Bluff, CA (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.87%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.04%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $105,000 $105,000 $614 6.88%
YUMA, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.79%
ROCKFORD, IL (FHA|USDA|VA) 1 $95,000 $95,000 $2,145 7.13%
Ontario, OR-ID (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.79%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $95,000 $95,000 $759 6.63%
ROME, GA (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.48%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $90,000 $45,000 $0 7.27%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.41%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.75%
Port Angeles, WA (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.09%
MIDLAND, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.28%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $75,000 $75,000 $590 7.63%
DOVER, DE (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.59%
Roseburg, OR (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.25%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.33%
Hobbs, NM (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.94%
Pahrump, NV (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.20%
CHICO, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.59%
WALLA WALLA, WA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.71%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.29%
Van Wert, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.29%
SANTA FE, NM (FHA|USDA|VA) 2 $50,000 $25,000 $0 6.28%
Shelton, WA (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.96%
Key West, FL (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.97%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.81%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.41%
Sonora, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.60%
MUSKEGON, MI (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.48%
Mount Pleasant, TX (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.72%
Bluefield, WV-VA (FHA|USDA|VA) 1 $25,000 $25,000 $0 7.34%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $15,000 $15,000 $0 6.72%
Ruston, LA (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.87%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.31%
GRANTS PASS, OR (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.29%
Cherry Creek Mortgage's top markets include Denver, Colorado Springs, Houston, Dallas, and Riverside among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against CHERRY CREEK MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    UNITEDONE Credit Union
    Similarity Rank: 18
    Baker Boyer National Bank
    Similarity Rank: 45
    COASTHILLS
    Similarity Rank: 45
    EDUCATORS CREDIT UNION
    Similarity Rank: 75
    FRONTWAVE
    Similarity Rank: 77
    MISSION
    Similarity Rank: 93
    Citizens Bank
    Similarity Rank: 104
    ALTURA
    Similarity Rank: 128
    Alpine Bank
    Similarity Rank: 135

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 916 $356,680,000 $389,389 $844 6.55%
    FHA 451 $76,995,000 $170,721 $0 6.96%
    FHA 297 $92,435,000 $311,229 $4,834 6.40%
    VA 161 $70,555,000 $438,230 $5,794 5.96%
    USDA 3 $455,000 $151,667 $1,389 6.38%
    Reverse Mortgage 1 $675,000 $675,000 $0 10.08%

    For 2023, Cherry Creek Mortgage's most frequently originated type of loan was Conventional, with 916 originations. Their 2nd most popular type was FHA, with 451 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,304 $496,850,000 $381,020 $2,336 6.44%
    Refi 445 $78,075,000 $175,449 $1,231 6.95%
    Cash Out Refi 80 $22,870,000 $285,875 $1,742 6.73%

    For 2023, Cherry Creek Mortgage's most frequently cited loan purpose was Home Purchase, with 1,304 originations. The 2nd most popular reason was Refi, with 445 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,355 $513,475,000 $378,948 $2,310 6.46%
    Other 452 $77,670,000 $171,836 $0 6.96%
    15 Year 15 $4,735,000 $315,667 $602 5.65%
    20 Year 7 $1,915,000 $273,571 $815 6.29%

    For 2023, Cherry Creek Mortgage's most frequently cited loan duration was 30 Year, with 1,355 originations. The 2nd most popular length was Other, with 452 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,329 $487,905,000 $367,122
    $1k-2k 31 $18,185,000 $586,613
    $2k-3k 8 $4,450,000 $556,250
    $5k+ 6 $7,780,000 $1,296,667
    $3k-4k 3 $1,805,000 $601,667

    Cherry Creek Mortgage's average total fees were $2,310, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,329 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,058 $360,670,000 $340,898
    7-8% 420 $101,440,000 $241,524
    5-6% 311 $116,595,000 $374,904
    4-5% 38 $17,870,000 $470,263
    Over 8% 2 $1,220,000 $610,000

    During 2023, Cherry Creek Mortgage's average interest rate for loans was 6.46%, while their most frequently originated rate bucket for loans was 6-7%, with 1,058 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 713 $213,125,000 $298,913 $2,344 6.53%
    $100k-200k 384 $57,160,000 $148,854 $1,351 6.70%
    $400k-600k 365 $176,305,000 $483,027 $2,683 6.40%
    $100,000 or less 191 $12,765,000 $66,832 $966 6.99%
    $600k-1MM 153 $107,235,000 $700,882 $2,502 6.40%
    $1MM+ 23 $31,205,000 $1,356,739 $4,424 6.39%

    2023 saw Cherry Creek Mortgage place emphasis on $200k-400k loans with 713 originations, totaling $213,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 361 $134,405,000 $372,313 $2,663 6.46%
    $150k-250k 306 $146,120,000 $477,516 $2,214 6.43%
    $75k-100k 263 $79,315,000 $301,578 $2,541 6.41%
    $50k-75k 214 $49,460,000 $231,121 $2,241 6.35%
    $250k+ 161 $100,195,000 $622,329 $1,524 6.62%
    $50k or less 71 $9,935,000 $139,930 $1,579 6.52%

    Cherry Creek Mortgage lent most frequently to those with incomes in the $100k-150k range, with 361 originations. The second most popular income band? $150k-250k, with 306 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 202 $69,830,000 $345,693 $1,632 6.55%
    20-30% 157 $56,775,000 $361,624 $1,093 6.47%
    50-60% 146 $54,380,000 $372,466 $5,223 6.17%
    49% 77 $29,725,000 $386,039 $2,489 6.35%
    43% 67 $22,405,000 $334,403 $1,565 6.57%
    48% 67 $25,715,000 $383,806 $2,264 6.41%
    41% 66 $29,100,000 $440,909 $2,374 6.52%
    44% 64 $22,380,000 $349,688 $2,225 6.57%
    42% 63 $24,505,000 $388,968 $2,674 6.36%
    47% 62 $21,860,000 $352,581 $2,237 6.42%
    <20% 58 $22,240,000 $383,448 $628 6.49%
    45% 55 $21,925,000 $398,636 $2,154 6.55%
    39% 55 $21,125,000 $384,091 $1,961 6.66%
    37% 49 $20,635,000 $421,122 $2,588 6.48%
    46% 48 $18,100,000 $377,083 $1,786 6.47%
    38% 47 $20,995,000 $446,702 $2,061 6.36%
    40% 45 $18,695,000 $415,444 $1,656 6.24%
    36% 44 $17,770,000 $403,864 $3,701 6.49%
    >60% 5 $1,965,000 $393,000 $3,509 6.18%

    Cherry Creek Mortgage lent most frequently to those with DTI ratios of 30-36%, with 202 originations. The next most common DTI ratio? 20-30%, with 157 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,158 $398,250,000 $343,912 $2,148 6.56%
    Not provided 415 $126,365,000 $304,494 $2,109 6.64%
    Black 180 $45,170,000 $250,944 $3,703 6.64%
    Asian 56 $20,780,000 $371,071 $1,985 6.26%
    American Indian 13 $4,675,000 $359,615 $3,620 6.23%
    Native Hawaiian or Islander 6 $2,080,000 $346,667 $5,063 6.40%
    Other Pacific Islander 1 $475,000 $475,000 $0 6.68%

    Approval Rates

    Total approvals of all applications
    97.62%

    Cherry Creek Mortgage 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
    48.22%

    Cherry Creek Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,829 $597,795,000 $326,843

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,829 $597,795,000 $326,843

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 247 $36,905,000 $149,413 $778 6.99%
    40-60% 237 $67,005,000 $282,722 $984 6.68%
    60-80% 341 $144,045,000 $422,419 $1,085 6.52%
    80-100% 809 $298,245,000 $368,659 $2,902 6.42%
    Over 100% 26 $12,770,000 $491,154 $13,214 5.88%
    Under 20% 70 $5,540,000 $79,143 $659 7.04%