Cherry Creek Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300RBX56T2MW5HO19

Tax ID: 84-1040263

2020 Data | 2019 Data | 2018 Data


Overview

Cherry Creek Mortgage is a large mortgage company specializing in Refi and Home Purchase loans. Cherry Creek Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Denver, Colorado Springs, Boulder, Portland, and Houston among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Cherry Creek Mortgage is typically a low fee lendor.


Originations

27,532

Origination Dollar Volume (All Markets)

$9,552,300,000

Awards

2020 CHERRY CREEK MORTGAGE  Low Fee Award
Details

Relative Rate

Cherry Creek Mortgage 's average 30 year fixed rate mortgage was 3.24%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.12%.

Relative Fees

Cherry Creek Mortgage 's average total fees for a 30 year fixed rate mortgage are $1,998.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 22,669 $8,057,865,000 $355,457 $1,229 3.19%
FHA 2,570 $647,040,000 $251,767 $5,088 3.28%
VA 2,191 $823,375,000 $375,799 $5,075 2.91%
USDA 102 $24,020,000 $235,490 $3,063 3.17%

For the 2020 period, Cherry Creek Mortgage 's most frequently originated loan type was Conventional, with 22,669 originations. Their 2nd most popular type is FHA, with 2,570 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 13,550 $4,776,700,000 $352,524 $1,249 3.06%
Home Purchase 10,280 $3,510,840,000 $341,521 $2,651 3.27%
Cash Out Refi 3,702 $1,264,760,000 $341,642 $1,693 3.33%

For the 2020, Cherry Creek Mortgage 's most frequently cited loan purpose was Refi, with 13,550 originations. The 2nd most popular reason was Home Purchase, with 10,280 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 23,196 $8,208,460,000 $353,874 $1,998 3.24%
15 Year 2,532 $830,750,000 $328,100 $878 2.66%
20 Year 857 $276,395,000 $322,515 $827 3.10%
Other 830 $204,870,000 $246,831 $887 3.10%
10 Year 117 $31,825,000 $272,009 $727 2.72%

For the 2020, Cherry Creek Mortgage 's most frequently cited loan length was 30 Year, with 23,196 originations. The 2nd most popular length was 15 Year, with 2,532 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 21,884 $7,469,990,000 $341,345
$1k-2k 2,307 $907,685,000 $393,448
$5k+ 1,413 $522,695,000 $369,919
$2k-3k 749 $313,635,000 $418,738
$3k-4k 637 $228,205,000 $358,250

$1,998 was Cherry Creek Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 21,884 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
DENVER-AURORA-LAKEWOOD, CO 5,650 $2,203,860,000 $390,064 $1,191 3.22%
COLORADO SPRINGS, CO 1,868 $688,650,000 $368,656 $3,200 3.08%
BOULDER, CO 1,236 $544,040,000 $440,162 $823 3.26%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 1,246 $458,420,000 $367,913 $5,247 3.15%
Outside of Metro Areas 1,340 $409,200,000 $305,373 $1,613 3.27%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 1,131 $341,355,000 $301,817 $2,108 3.22%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 928 $305,310,000 $328,998 $1,577 3.19%
SEATTLE-BELLEVUE-KENT, WA 680 $277,060,000 $407,441 $2,388 2.99%
GREELEY, CO 821 $273,945,000 $333,672 $1,625 3.25%
LOS ANGELES-LONG BEACH-GLENDALE, CA 627 $269,585,000 $429,960 $1,124 2.93%
FORT COLLINS, CO 673 $220,355,000 $327,422 $1,641 3.26%
OAKLAND-BERKELEY-LIVERMORE, CA 455 $210,865,000 $463,440 $1,868 2.96%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 681 $198,155,000 $290,977 $1,764 3.37%
CHICAGO-NAPERVILLE-EVANSTON, IL 638 $184,000,000 $288,401 $1,235 3.35%
ST. GEORGE, UT 614 $174,460,000 $284,137 $1,007 3.13%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 365 $152,375,000 $417,466 $996 2.92%
ANAHEIM-SANTA ANA-IRVINE, CA 349 $152,255,000 $436,261 $970 2.92%
MILWAUKEE-WAUKESHA, WI 655 $151,115,000 $230,710 $995 3.22%
DALLAS-PLANO-IRVING, TX 431 $132,495,000 $307,413 $1,620 3.35%
PHOENIX-MESA-CHANDLER, AZ 442 $126,320,000 $285,792 $1,131 3.35%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 302 $109,300,000 $361,921 $1,136 3.01%
CHEYENNE, WY 361 $99,375,000 $275,277 $2,524 3.03%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 211 $96,815,000 $458,839 $1,018 2.77%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 316 $95,430,000 $301,994 $952 2.94%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 157 $76,885,000 $489,713 $1,101 2.81%
ELGIN, IL 250 $65,570,000 $262,280 $1,133 3.37%
KENNEWICK-RICHLAND, WA 217 $61,345,000 $282,696 $5,674 3.13%
GRAND JUNCTION, CO 212 $54,920,000 $259,057 $1,577 3.41%
GRANTS PASS, OR 172 $45,440,000 $264,186 $7,145 3.10%
LAS VEGAS-HENDERSON-PARADISE, NV 152 $45,130,000 $296,908 $1,762 3.31%
SPOKANE-SPOKANE VALLEY, WA 169 $44,575,000 $263,757 $2,640 3.17%
EUGENE-SPRINGFIELD, OR 151 $43,335,000 $286,987 $7,763 3.22%
OXNARD-THOUSAND OAKS-VENTURA, CA 98 $42,440,000 $433,061 $895 2.93%
CASPER, WY 198 $40,350,000 $203,788 $2,254 3.24%
SALEM, OR 128 $37,340,000 $291,719 $6,129 3.13%
BALTIMORE-COLUMBIA-TOWSON, MD 96 $37,200,000 $387,500 $676 2.81%
OGDEN-CLEARFIELD, UT 133 $36,145,000 $271,767 $1,117 3.03%
SALT LAKE CITY, UT 103 $35,815,000 $347,718 $954 3.03%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 117 $32,985,000 $281,923 $948 3.41%
TACOMA-LAKEWOOD, WA 93 $32,715,000 $351,774 $2,893 3.04%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 90 $32,170,000 $357,444 $843 2.94%
LANSING-EAST LANSING, MI 176 $31,850,000 $180,966 $1,234 3.56%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 78 $29,210,000 $374,487 $1,069 2.95%
NEW BRUNSWICK-LAKEWOOD, NJ 79 $29,045,000 $367,658 $696 2.80%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 74 $28,200,000 $381,081 $675 2.77%
FRESNO, CA 94 $27,890,000 $296,702 $843 3.28%
NEWARK, NJ-PA 66 $27,710,000 $419,848 $1,194 2.96%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 67 $27,505,000 $410,522 $918 2.86%
PROVO-OREM, UT 73 $25,845,000 $354,041 $1,272 3.07%
BOISE CITY, ID 71 $25,155,000 $354,296 $1,014 3.04%
STOCKTON, CA 57 $21,245,000 $372,719 $933 3.12%
SANTA ROSA-PETALUMA, CA 51 $20,735,000 $406,569 $1,122 2.96%
APPLETON, WI 100 $18,600,000 $186,000 $1,056 3.21%
WARREN-TROY-FARMINGTON HILLS, MI 57 $18,335,000 $321,667 $776 3.25%
MEDFORD, OR 58 $18,010,000 $310,517 $6,712 3.17%
BEND, OR 49 $17,985,000 $367,041 $6,965 3.16%
PHILADELPHIA, PA 48 $17,550,000 $365,625 $845 3.06%
INDIANAPOLIS-CARMEL-ANDERSON, IN 69 $16,665,000 $241,522 $1,160 3.58%
VALLEJO, CA 43 $16,635,000 $386,860 $1,523 3.17%
SANTA MARIA-SANTA BARBARA, CA 36 $15,050,000 $418,056 $856 2.90%
SHEBOYGAN, WI 86 $14,810,000 $172,209 $653 3.31%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 40 $13,680,000 $342,000 $1,095 3.24%
BRIDGEPORT-STAMFORD-NORWALK, CT 33 $13,035,000 $395,000 $1,080 2.89%
SAN LUIS OBISPO-PASO ROBLES, CA 31 $12,675,000 $408,871 $917 2.96%
SAN RAFAEL, CA 28 $12,660,000 $452,143 $648 2.77%
BELLINGHAM, WA 33 $12,195,000 $369,545 $2,779 3.15%
SANTA CRUZ-WATSONVILLE, CA 28 $11,400,000 $407,143 $1,013 2.93%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 25 $9,415,000 $376,600 $1,035 3.13%
COEUR D'ALENE, ID 28 $9,180,000 $327,857 $1,512 3.23%
SALINAS, CA 22 $9,040,000 $410,909 $928 2.97%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 28 $8,970,000 $320,357 $667 3.10%
RACINE, WI 39 $8,815,000 $226,026 $693 3.33%
MIAMI-MIAMI BEACH-KENDALL, FL 25 $8,775,000 $351,000 $796 3.17%
ORLANDO-KISSIMMEE-SANFORD, FL 24 $8,760,000 $365,000 $1,289 2.97%
BILLINGS, MT 34 $8,510,000 $250,294 $1,023 3.19%
ALBANY-LEBANON, OR 30 $8,480,000 $282,667 $7,244 3.18%
PUEBLO, CO 36 $7,950,000 $220,833 $2,475 3.32%
KANSAS CITY, MO-KS 23 $7,735,000 $336,304 $689 2.93%
SAN ANTONIO-NEW BRAUNFELS, TX 28 $7,460,000 $266,429 $1,507 3.32%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 21 $7,395,000 $352,143 $2,035 2.92%
JACKSONVILLE, FL 23 $7,085,000 $308,043 $2,531 3.33%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 29 $6,845,000 $236,034 $2,302 3.84%
MODESTO, CA 20 $6,530,000 $326,500 $1,230 3.16%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 20 $6,380,000 $319,000 $1,110 2.99%
OSHKOSH-NEENAH, WI 37 $6,365,000 $172,027 $838 3.31%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 17 $6,205,000 $365,000 $1,288 3.07%
CINCINNATI, OH-KY-IN 17 $5,995,000 $352,647 $1,043 2.83%
NORTH PORT-SARASOTA-BRADENTON, FL 17 $5,995,000 $352,647 $806 2.83%
MIDLAND, TX 23 $5,935,000 $258,043 $3,304 3.55%
CAMDEN, NJ 18 $5,880,000 $326,667 $928 2.89%
CHARLESTON-NORTH CHARLESTON, SC 15 $5,705,000 $380,333 $607 2.98%
WALLA WALLA, WA 21 $5,455,000 $259,762 $3,468 3.36%
MEMPHIS, TN-MS-AR 16 $5,410,000 $338,125 $929 2.94%
PITTSBURGH, PA 15 $5,405,000 $360,333 $633 3.07%
NAPA, CA 13 $5,395,000 $415,000 $1,270 2.94%
GREEN BAY, WI 29 $5,265,000 $181,552 $1,206 3.26%
BATTLE CREEK, MI 37 $4,985,000 $134,730 $2,029 3.56%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 14 $4,900,000 $350,000 $731 3.02%
OLYMPIA-LACEY-TUMWATER, WA 13 $4,395,000 $338,077 $1,129 3.00%
DES MOINES-WEST DES MOINES, IA 17 $4,385,000 $257,941 $743 2.88%
BAKERSFIELD, CA 14 $4,270,000 $305,000 $1,532 3.04%
COLUMBUS, OH 12 $4,160,000 $346,667 $963 3.38%
FOND DU LAC, WI 21 $4,075,000 $194,048 $1,151 3.12%
TRENTON-PRINCETON, NJ 10 $3,890,000 $389,000 $1,554 2.69%
CLEVELAND-ELYRIA, OH 12 $3,870,000 $322,500 $569 2.86%
CHICO, CA 11 $3,865,000 $351,364 $690 2.92%
ANN ARBOR, MI 11 $3,765,000 $342,273 $502 2.97%
GRAND RAPIDS-KENTWOOD, MI 15 $3,615,000 $241,000 $911 3.10%
NEW HAVEN-MILFORD, CT 10 $3,530,000 $353,000 $1,199 2.94%
MOUNT VERNON-ANACORTES, WA 12 $3,410,000 $284,167 $2,332 3.42%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 11 $3,355,000 $305,000 $540 2.83%
NAPLES-MARCO ISLAND, FL 8 $3,330,000 $416,250 $1,686 3.17%
MADISON, WI 12 $3,210,000 $267,500 $850 3.24%
KNOXVILLE, TN 10 $3,180,000 $318,000 $540 3.05%
CORVALLIS, OR 10 $3,150,000 $315,000 $6,678 3.27%
YAKIMA, WA 10 $3,120,000 $312,000 $2,473 3.10%
LOGAN, UT-ID 10 $2,840,000 $284,000 $2,273 3.01%
PALM BAY-MELBOURNE-TITUSVILLE, FL 7 $2,825,000 $403,571 $3,794 3.21%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 10 $2,820,000 $282,000 $2,166 3.47%
LONGVIEW, WA 10 $2,790,000 $279,000 $5,188 3.51%
EAU CLAIRE, WI 13 $2,745,000 $211,154 $1,468 3.50%
PRESCOTT VALLEY-PRESCOTT, AZ 8 $2,630,000 $328,750 $577 3.10%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 7 $2,585,000 $369,286 $631 3.03%
GREENVILLE-ANDERSON, SC 7 $2,505,000 $357,857 $427 3.11%
VISALIA, CA 8 $2,240,000 $280,000 $664 3.31%
SHERMAN-DENISON, TX 9 $2,155,000 $239,444 $797 3.47%
AKRON, OH 6 $2,050,000 $341,667 $1,019 2.83%
CAPE CORAL-FORT MYERS, FL 5 $2,025,000 $405,000 $638 2.93%
CHATTANOOGA, TN-GA 7 $2,005,000 $286,429 $297 2.86%
HARRISBURG-CARLISLE, PA 7 $2,005,000 $286,429 $1,821 2.75%
YUBA CITY, CA 7 $1,985,000 $283,571 $1,186 3.29%
IDAHO FALLS, ID 8 $1,970,000 $246,250 $1,302 3.31%
WENATCHEE, WA 6 $1,850,000 $308,333 $1,113 3.06%
GARY, IN 8 $1,810,000 $226,250 $751 3.56%
MERCED, CA 6 $1,800,000 $300,000 $839 2.97%
KALAMAZOO-PORTAGE, MI 10 $1,780,000 $178,000 $815 3.66%
PENSACOLA-FERRY PASS-BRENT, FL 5 $1,775,000 $355,000 $626 3.53%
FLAGSTAFF, AZ 6 $1,720,000 $286,667 $641 3.19%
LAKE HAVASU CITY-KINGMAN, AZ 7 $1,635,000 $233,571 $674 3.48%
DETROIT-DEARBORN-LIVONIA, MI 7 $1,595,000 $227,857 $1,119 3.23%
ROCKFORD, IL 9 $1,585,000 $176,111 $2,215 3.65%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 12 $1,560,000 $130,000 $1,417 3.21%
MADERA, CA 6 $1,500,000 $250,000 $444 3.40%
ALBUQUERQUE, NM 4 $1,470,000 $367,500 $1,485 3.31%
TUCSON, AZ 5 $1,435,000 $287,000 $616 3.18%
PORT ST. LUCIE, FL 4 $1,390,000 $347,500 $491 3.22%
READING, PA 3 $1,365,000 $455,000 $8,915 3.04%
COLLEGE STATION-BRYAN, TX 4 $1,360,000 $340,000 $601 3.22%
COLUMBIA, SC 3 $1,315,000 $438,333 $555 3.00%
LA CROSSE-ONALASKA, WI-MN 4 $1,240,000 $310,000 $944 3.00%
HILTON HEAD ISLAND-BLUFFTON, SC 3 $1,155,000 $385,000 $1,112 2.96%
WAUSAU-WESTON, WI 3 $1,145,000 $381,667 $847 2.96%
ABILENE, TX 5 $1,145,000 $229,000 $609 3.14%
SANTA FE, NM 3 $1,115,000 $371,667 $867 3.21%
WICHITA, KS 3 $1,105,000 $368,333 $431 2.54%
JACKSON, TN 4 $1,050,000 $262,500 $3,279 3.25%
OCEAN CITY, NJ 2 $1,020,000 $510,000 $518 2.38%
CORPUS CHRISTI, TX 5 $995,000 $199,000 $900 3.02%
BLOOMINGTON, IL 3 $915,000 $305,000 $2,480 3.04%
REDDING, CA 3 $865,000 $288,333 $1,099 3.12%
JACKSON, MI 5 $825,000 $165,000 $1,187 3.30%
MORRISTOWN, TN 2 $820,000 $410,000 $1,472 3.38%
SHREVEPORT-BOSSIER CITY, LA 2 $810,000 $405,000 $859 2.56%
ODESSA, TX 4 $800,000 $200,000 $3,509 3.25%
RENO, NV 3 $795,000 $265,000 $3,694 3.58%
BIRMINGHAM-HOOVER, AL 3 $785,000 $261,667 $141 3.29%
CALIFORNIA-LEXINGTON PARK, MD 2 $780,000 $390,000 $218 2.69%
LEBANON, PA 2 $770,000 $385,000 $663 3.18%
TOLEDO, OH 2 $760,000 $380,000 $611 2.87%
SPARTANBURG, SC 2 $730,000 $365,000 $395 2.62%
BLOOMINGTON, IN 2 $720,000 $360,000 $1,077 3.94%
JANESVILLE-BELOIT, WI 4 $710,000 $177,500 $307 3.41%
WACO, TX 2 $700,000 $350,000 $3,101 3.44%
TALLAHASSEE, FL 2 $700,000 $350,000 $1,083 2.74%
HUNTSVILLE, AL 2 $690,000 $345,000 $218 2.94%
JOHNSON CITY, TN 2 $690,000 $345,000 $979 3.31%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 2 $670,000 $335,000 $542 2.94%
NEW ORLEANS-METAIRIE, LA 2 $660,000 $330,000 $720 2.69%
NILES, MI 2 $660,000 $330,000 $808 2.88%
WILMINGTON, DE-MD-NJ 2 $650,000 $325,000 $807 3.13%
DAYTON-KETTERING, OH 2 $650,000 $325,000 $701 2.75%
MUSKEGON, MI 2 $640,000 $320,000 $722 2.87%
MICHIGAN CITY-LA PORTE, IN 3 $625,000 $208,333 $562 3.50%
EL CENTRO, CA 2 $610,000 $305,000 $428 3.19%
BEAUMONT-PORT ARTHUR, TX 2 $600,000 $300,000 $4,548 3.13%
HOMOSASSA SPRINGS, FL 2 $550,000 $275,000 $1,131 3.38%
YORK-HANOVER, PA 2 $540,000 $270,000 $468 3.00%
FORT WAYNE, IN 1 $515,000 $515,000 $810 3.37%
DULUTH, MN-WI 3 $495,000 $165,000 $1,154 3.21%
MANHATTAN, KS 2 $490,000 $245,000 $3,165 2.75%
VICTORIA, TX 2 $490,000 $245,000 $998 2.88%
LANCASTER, PA 2 $480,000 $240,000 $513 2.94%
SOUTH BEND-MISHAWAKA, IN-MI 2 $480,000 $240,000 $463 3.00%
PUNTA GORDA, FL 2 $460,000 $230,000 $705 3.56%
LEWISTON, ID-WA 2 $450,000 $225,000 $3,666 3.00%
EVANSVILLE, IN-KY 1 $445,000 $445,000 $120 2.25%
WATERLOO-CEDAR FALLS, IA 2 $410,000 $205,000 $585 2.88%
ATLANTIC CITY-HAMMONTON, NJ 1 $405,000 $405,000 $720 3.12%
KINGSPORT-BRISTOL, TN-VA 1 $385,000 $385,000 $530 4.00%
LINCOLN, NE 3 $375,000 $125,000 $998 3.29%
CANTON-MASSILLON, OH 1 $375,000 $375,000 $624 2.88%
MANSFIELD, OH 1 $365,000 $365,000 $1,510 2.88%
TOPEKA, KS 1 $365,000 $365,000 $870 2.88%
LONGVIEW, TX 1 $355,000 $355,000 $160 2.75%
POCATELLO, ID 2 $350,000 $175,000 $2,864 3.44%
TYLER, TX 2 $350,000 $175,000 $720 2.96%
HANFORD-CORCORAN, CA 1 $335,000 $335,000 $2,054 3.38%
Outside of Metro Areas 1 $335,000 $335,000 $825 3.00%
LAFAYETTE-WEST LAFAYETTE, IN 1 $335,000 $335,000 $315 2.49%
EAST STROUDSBURG, PA 1 $325,000 $325,000 $861 2.99%
SAGINAW, MI 1 $325,000 $325,000 $120 2.88%
OCALA, FL 2 $320,000 $160,000 $3,265 3.81%
CARSON CITY, NV 1 $315,000 $315,000 $870 3.50%
PANAMA CITY, FL 1 $315,000 $315,000 $911 3.62%
HAMMOND, LA 1 $305,000 $305,000 $770 2.50%
SPRINGFIELD, OH 1 $305,000 $305,000 $120 3.00%
MIDLAND, MI 2 $290,000 $145,000 $725 3.63%
NORWICH-NEW LONDON, CT 1 $285,000 $285,000 $2,502 3.13%
BATON ROUGE, LA 1 $275,000 $275,000 $915 3.12%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 1 $265,000 $265,000 $415 3.00%
LAS CRUCES, NM 2 $260,000 $130,000 $824 3.25%
WORCESTER, MA-CT 1 $235,000 $235,000 $2,157 3.50%
OKLAHOMA CITY, OK 1 $235,000 $235,000 $635 3.50%
EL PASO, TX 1 $225,000 $225,000 $2,120 2.88%
MCALLEN-EDINBURG-MISSION, TX 1 $225,000 $225,000 $995 4.13%
GREAT FALLS, MT 1 $205,000 $205,000 $3,462 3.13%
MONTGOMERY, AL 1 $205,000 $205,000 $316 2.99%
YUMA, AZ 1 $205,000 $205,000 $120 3.50%
GETTYSBURG, PA 1 $195,000 $195,000 $890 2.87%
IOWA CITY, IA 1 $195,000 $195,000 $585 3.00%
OMAHA-COUNCIL BLUFFS, NE-IA 1 $185,000 $185,000 $773 3.50%
ST. LOUIS, MO-IL 1 $175,000 $175,000 $720 4.88%
BROWNSVILLE-HARLINGEN, TX 1 $165,000 $165,000 $660 2.75%
FLINT, MI 1 $135,000 $135,000 $120 3.00%
SPRINGFIELD, IL 1 $115,000 $115,000 $413 3.63%
LUBBOCK, TX 1 $115,000 $115,000 $655 3.88%
MONROE, MI 1 $65,000 $65,000 $1,070 5.00%

Cherry Creek Mortgage 's top markets include Denver, Colorado Springs, Boulder, Portland, and Houston among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 13,876 $4,686,920,000 $337,772
2.5-3% 10,690 $3,895,250,000 $364,383
<2.5% 1,800 $661,860,000 $367,700
4-5% 1,042 $275,290,000 $264,194
5-6% 114 $28,180,000 $247,193
6-7% 9 $4,205,000 $467,222
7-8% 1 $595,000 $595,000

During 2020, Cherry Creek Mortgage 's average interest rate was 3.24%, while their most frequently originated rate bucket was 3-4%, with 13,876 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 15,320 $4,674,490,000 $305,123 $1,825 3.16%
$400k-600k 7,332 $3,457,140,000 $471,514 $2,132 3.09%
$100k-200k 3,442 $548,010,000 $159,213 $1,233 3.37%
$600k-1MM 932 $669,280,000 $718,112 $2,142 3.15%
$100,000 or less 372 $27,510,000 $73,952 $820 3.55%
$1MM+ 134 $175,870,000 $1,312,463 $2,046 3.13%

2020 saw Cherry Creek Mortgage place emphasis on $200k-400k loans with 15,320 originations, totaling $4,674,490,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 7,276 $2,637,390,000 $362,478 $1,811 3.16%
$150k-250k 5,867 $2,433,145,000 $414,717 $1,471 3.12%
$75k-100k 4,820 $1,520,640,000 $315,485 $2,173 3.22%
$50k-75k 4,474 $1,162,920,000 $259,928 $2,127 3.28%
$250k+ 2,234 $1,129,110,000 $505,421 $1,268 3.08%
$50k or less 1,758 $353,340,000 $200,990 $1,772 3.29%

Cherry Creek Mortgage lent most frequently to those with incomes in the $100k-150k range, with 7,276 originations. The second most popular income band? $150k-250k, with 5,867 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 6,745 $2,388,655,000 $354,137 $1,377 3.12%
30-36% 5,062 $1,802,230,000 $356,031 $1,667 3.19%
<20% 2,690 $947,270,000 $352,145 $1,190 3.06%
44% 996 $319,990,000 $321,275 $2,086 3.29%
42% 967 $348,165,000 $360,047 $2,134 3.24%
41% 943 $322,485,000 $341,978 $2,003 3.28%
43% 936 $304,040,000 $324,829 $2,098 3.28%
36% 902 $312,000,000 $345,898 $1,930 3.21%
40% 895 $305,935,000 $341,827 $1,864 3.25%
39% 894 $317,530,000 $355,179 $2,053 3.24%
38% 882 $314,050,000 $356,066 $2,303 3.24%
37% 835 $297,855,000 $356,713 $1,763 3.23%
45% 648 $230,250,000 $355,324 $2,185 3.24%
49% 603 $204,695,000 $339,461 $2,351 3.24%
50-60% 594 $190,930,000 $321,431 $5,250 3.26%
47% 580 $196,820,000 $339,345 $2,159 3.25%
46% 556 $191,020,000 $343,561 $2,395 3.22%
48% 543 $182,285,000 $335,700 $2,230 3.18%
>60% 7 $2,575,000 $367,857 $3,902 2.82%

Cherry Creek Mortgage lent most frequently to those with DTI ratios of 20-30%, with 6,745 originations. The next most common DTI ratio? 30-36%, with 5,062 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 20,780 $7,065,400,000 $340,010 $1,822 3.19%
Not provided 4,479 $1,667,055,000 $372,194 $1,874 3.13%
Asian 1,425 $564,695,000 $396,277 $1,487 2.95%
Black 675 $194,995,000 $288,881 $2,600 3.33%
American Indian 105 $34,845,000 $331,857 $2,825 3.16%
Native Hawaiian 67 $25,085,000 $374,403 $2,787 3.05%
Japanese 1 $225,000 $225,000 $0 3.96%

Approval Rates

Total approvals of all applications
96.29%

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
75.47%

Cherry Creek Mortgage has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 27,532 $9,552,300,000 $346,953

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 138 $34,060,000 $246,812
Single Family (1-4 Units):Site-Built 27,394 $9,518,240,000 $347,457

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,444 $407,680,000 $282,327 $995 2.97%
40-60% 5,383 $1,844,455,000 $342,644 $1,047 3.00%
60-80% 9,702 $3,604,650,000 $371,537 $1,292 3.22%
80-100% 8,901 $2,947,715,000 $331,167 $2,704 3.27%
Over 100% 310 $119,820,000 $386,516 $10,543 2.98%
Under 20% 139 $26,265,000 $188,957 $1,188 3.05%