Cherry Creek Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300RBX56T2MW5HO19
Tax ID: 84-1040263
2020 Data | 2019 Data | 2018 Data
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Mortgage 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
27,532Origination Dollar Volume (All Markets)
$9,552,300,000Awards
Details
CHERRY CREEK MORTGAGE - 2020 Certified Lowest Fee Lender
CHERRY CREEK MORTGAGE is a 2020 Certified Lowest Fee Lender due to their exceptionally low average fee structure.
For 2020, less than 7.1% of lenders were eligible for this award.
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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 applications96.29%
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 origination75.47%
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% |