Cherry Creek Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300RBX56T2MW5HO19

Tax ID: 84-1040263

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 mid-sized mortgage company specializing in Home Purchase and Refi loans. Cherry Creek Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Denver, Colorado Springs, Boulder, Dallas, and Portland among others. We have data for 286 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 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.

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% 4/22/24
30 Year Conventional Refi 6.39% 4/22/24
30 Year Cash-out Refi 6.63% 4/22/24
30 Year FHA Purchase 7.44% 4/22/24
30 Year FHA Refi 7.12% 4/22/24
30 Year VA Purchase 6.16% 4/22/24
30 Year VA Refi 5.95% 4/22/24
30 Year USDA Purchase 6.76% 4/22/24
15 Year Conventional Purchase 5.87% 4/22/24
15 Year Conventional Refi 5.72% 4/22/24
15 Year Cash-out Refi 5.72% 4/22/24
15 Year VA Purchase 5.28% 4/22/24
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

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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

15,795

Origination Dollar Volume (All Markets)

$5,049,745,000
Show all (124) awards

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) 3,703 $1,383,775,000 $373,690 $1,961 4.19%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1,400 $481,840,000 $344,171 $3,009 3.97%
BOULDER, CO (FHA|USDA|VA) 748 $333,760,000 $446,203 $1,416 4.18%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 823 $214,335,000 $260,431 $2,593 4.41%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 607 $213,305,000 $351,409 $5,474 4.03%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 778 $210,510,000 $270,578 $3,601 4.19%
GREELEY, CO (FHA|USDA|VA) 585 $188,605,000 $322,402 $2,562 4.29%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 526 $169,790,000 $322,795 $2,787 4.14%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 583 $144,155,000 $247,264 $1,884 4.38%
FORT COLLINS, CO (FHA|USDA|VA) 434 $142,810,000 $329,055 $1,896 4.23%
ST. GEORGE, UT (FHA|USDA|VA) 373 $102,735,000 $275,429 $2,818 4.20%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 215 $93,915,000 $436,814 $2,197 3.87%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 174 $90,570,000 $520,517 $1,820 3.85%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 298 $79,300,000 $266,107 $1,878 4.35%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 232 $78,250,000 $337,284 $3,080 4.15%
Outside of Metro Areas 317 $72,605,000 $229,038 $2,243 4.34%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 330 $70,050,000 $212,273 $1,351 4.38%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 126 $47,290,000 $375,317 $2,439 3.79%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 155 $40,955,000 $264,226 $4,484 3.98%
CHEYENNE, WY (FHA|USDA|VA) 160 $39,810,000 $248,813 $2,828 3.95%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 133 $36,605,000 $275,226 $1,132 3.99%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 72 $33,060,000 $459,167 $1,591 3.65%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 127 $29,175,000 $229,724 $3,311 4.48%
GRANTS PASS, OR (FHA|USDA|VA) 109 $29,125,000 $267,202 $7,747 4.04%
Breckenridge, CO (FHA|USDA|VA) 67 $25,375,000 $378,731 $1,816 4.20%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 124 $25,370,000 $204,597 $2,791 4.22%
CASPER, WY (FHA|USDA|VA) 126 $24,120,000 $191,429 $2,660 3.91%
Steamboat Springs, CO (FHA|USDA|VA) 50 $24,070,000 $481,400 $1,198 4.22%
SALEM, OR (FHA|USDA|VA) 81 $23,135,000 $285,617 $7,547 4.14%
GRAND JUNCTION, CO (FHA|USDA|VA) 97 $21,725,000 $223,969 $1,814 4.30%
BOISE CITY, ID (FHA|USDA|VA) 66 $21,400,000 $324,242 $1,093 3.57%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 72 $19,910,000 $276,528 $8,418 4.08%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 36 $18,910,000 $525,278 $1,716 3.65%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 66 $17,980,000 $272,424 $2,743 4.12%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 106 $16,690,000 $157,453 $2,079 4.54%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 72 $16,580,000 $230,278 $3,030 4.31%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 42 $15,450,000 $367,857 $1,053 3.58%
FRESNO, CA (FHA|USDA|VA) 57 $15,095,000 $264,825 $1,661 4.30%
MEDFORD, OR (FHA|USDA|VA) 45 $11,785,000 $261,889 $6,742 4.19%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 27 $11,495,000 $425,741 $1,521 3.70%
SALT LAKE CITY, UT (FHA|USDA|VA) 44 $11,240,000 $255,455 $2,803 4.20%
VALLEJO, CA (FHA|USDA|VA) 31 $10,845,000 $349,839 $2,731 4.06%
APPLETON, WI (FHA|USDA|VA) 65 $10,715,000 $164,846 $1,325 4.49%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 31 $9,685,000 $312,419 $1,237 3.88%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 48 $9,440,000 $196,667 $2,356 4.55%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 40 $9,260,000 $231,500 $3,183 4.08%
BEND, OR (FHA|USDA|VA) 24 $9,120,000 $380,000 $6,226 4.42%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 36 $8,650,000 $240,278 $1,755 4.78%
STOCKTON, CA (FHA|USDA|VA) 23 $8,525,000 $370,652 $1,500 4.17%
SHEBOYGAN, WI (FHA|USDA|VA) 47 $7,545,000 $160,532 $1,314 4.53%
JACKSONVILLE, FL (FHA|USDA|VA) 29 $7,535,000 $259,828 $3,512 4.08%
Edwards, CO (FHA|USDA|VA) 14 $7,510,000 $536,429 $3,262 4.17%
Granbury, TX (FHA|USDA|VA) 30 $7,330,000 $244,333 $2,100 4.34%
MIDLAND, TX (FHA|USDA|VA) 29 $7,285,000 $251,207 $4,386 4.48%
Hobbs, NM (FHA|USDA|VA) 36 $7,170,000 $199,167 $3,642 4.19%
Whitewater, WI (FHA|USDA|VA) 28 $7,060,000 $252,143 $1,395 4.27%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 20 $6,990,000 $349,500 $1,290 3.64%
Glenwood Springs, CO (FHA|USDA|VA) 14 $6,530,000 $466,429 $3,303 4.20%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 14 $6,510,000 $465,000 $1,774 3.58%
IDAHO FALLS, ID (FHA|USDA|VA) 25 $5,885,000 $235,400 $2,232 4.24%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 16 $5,820,000 $363,750 $1,196 3.69%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 20 $5,620,000 $281,000 $1,009 3.76%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 17 $5,475,000 $322,059 $2,050 3.90%
PUEBLO, CO (FHA|USDA|VA) 24 $5,220,000 $217,500 $3,134 4.33%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 34 $5,140,000 $151,176 $1,720 4.48%
COLUMBUS, OH (FHA|USDA|VA) 15 $5,075,000 $338,333 $546 3.38%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 16 $4,850,000 $303,125 $2,102 3.98%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 14 $4,780,000 $341,429 $691 3.37%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 13 $4,775,000 $367,308 $1,215 3.65%
PROVO-OREM, UT (FHA|USDA|VA) 15 $4,435,000 $295,667 $2,692 4.07%
RENO, NV (FHA|USDA|VA) 13 $4,335,000 $333,462 $3,801 4.63%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 10 $4,190,000 $419,000 $876 3.61%
RACINE, WI (FHA|USDA|VA) 18 $4,110,000 $228,333 $1,491 4.13%
WALLA WALLA, WA (FHA|USDA|VA) 17 $4,095,000 $240,882 $3,291 4.49%
BATTLE CREEK, MI (FHA|USDA|VA) 32 $3,920,000 $122,500 $1,486 4.70%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 9 $3,735,000 $415,000 $769 3.94%
CaƱon City, CO (FHA|USDA|VA) 14 $3,420,000 $244,286 $2,734 4.15%
GREEN BAY, WI (FHA|USDA|VA) 22 $3,400,000 $154,545 $1,069 4.40%
BILLINGS, MT (FHA|USDA|VA) 15 $3,345,000 $223,000 $2,143 4.05%
ALBANY-LEBANON, OR (FHA|USDA|VA) 13 $3,095,000 $238,077 $7,265 4.08%
Fort Morgan, CO (FHA|USDA|VA) 12 $3,070,000 $255,833 $4,252 4.56%
Montrose, CO (FHA|USDA|VA) 9 $2,985,000 $331,667 $2,122 4.14%
ODESSA, TX (FHA|USDA|VA) 13 $2,935,000 $225,769 $4,378 4.59%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 9 $2,835,000 $315,000 $451 3.28%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 8 $2,790,000 $348,750 $805 4.12%
Shawano, WI (FHA|USDA|VA) 22 $2,630,000 $119,545 $1,068 4.28%
Astoria, OR (FHA|USDA|VA) 8 $2,620,000 $327,500 $4,843 4.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 7 $2,515,000 $359,286 $962 3.95%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 16 $2,510,000 $156,875 $1,566 4.25%
Truckee-Grass Valley, CA (FHA|USDA|VA) 6 $2,490,000 $415,000 $2,978 3.94%
MODESTO, CA (FHA|USDA|VA) 9 $2,445,000 $271,667 $2,127 3.78%
KNOXVILLE, TN (FHA|USDA|VA) 6 $2,400,000 $400,000 $674 3.73%
NAPA, CA (FHA|USDA|VA) 5 $2,395,000 $479,000 $1,038 4.05%
Heber, UT (FHA|USDA|VA) 6 $2,370,000 $395,000 $1,741 4.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 7 $2,365,000 $337,857 $872 3.41%
JOHNSON CITY, TN (FHA|USDA|VA) 7 $2,135,000 $305,000 $885 3.98%
Fernley, NV (FHA|USDA|VA) 8 $2,000,000 $250,000 $3,874 5.20%
Oak Harbor, WA (FHA|USDA|VA) 9 $1,885,000 $209,444 $5,960 4.02%
Coos Bay, OR (FHA|USDA|VA) 8 $1,850,000 $231,250 $7,315 4.41%
FOND DU LAC, WI (FHA|USDA|VA) 14 $1,820,000 $130,000 $3,177 4.13%
BAKERSFIELD, CA (FHA|USDA|VA) 7 $1,815,000 $259,286 $2,131 3.84%
MADISON, WI (FHA|USDA|VA) 8 $1,760,000 $220,000 $1,654 4.73%
Gardnerville Ranchos, NV (FHA|USDA|VA) 3 $1,705,000 $568,333 $2,670 4.08%
Gainesville, TX (FHA|USDA|VA) 6 $1,680,000 $280,000 $4,747 4.90%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 7 $1,645,000 $235,000 $1,178 4.29%
SALINAS, CA (FHA|USDA|VA) 2 $1,620,000 $810,000 $1,603 3.94%
Outside of Metro Areas 5 $1,605,000 $321,000 $1,449 4.10%
Payson, AZ (FHA|USDA|VA) 5 $1,595,000 $319,000 $831 4.38%
MADERA, CA (FHA|USDA|VA) 6 $1,580,000 $263,333 $1,691 4.38%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,575,000 $315,000 $1,458 3.87%
CORVALLIS, OR (FHA|USDA|VA) 4 $1,560,000 $390,000 $5,552 4.16%
Sandpoint, ID (FHA|USDA|VA) 4 $1,540,000 $385,000 $478 3.78%
Cedar City, UT (FHA|USDA|VA) 5 $1,515,000 $303,000 $2,315 4.38%
BELLINGHAM, WA (FHA|USDA|VA) 4 $1,490,000 $372,500 $1,322 3.97%
ROCHESTER, MN (FHA|USDA|VA) 7 $1,415,000 $202,143 $3,102 4.57%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 9 $1,395,000 $155,000 $2,004 4.58%
FLAGSTAFF, AZ (FHA|USDA|VA) 7 $1,385,000 $197,857 $2,890 4.88%
SANTA FE, NM (FHA|USDA|VA) 5 $1,335,000 $267,000 $1,884 4.26%
CARSON CITY, NV (FHA|USDA|VA) 5 $1,325,000 $265,000 $3,390 5.33%
VISALIA, CA (FHA|USDA|VA) 4 $1,320,000 $330,000 $5,771 3.78%
YAKIMA, WA (FHA|USDA|VA) 5 $1,305,000 $261,000 $2,783 4.08%
Helena, MT (FHA|USDA|VA) 5 $1,245,000 $249,000 $3,752 3.85%
Sterling, CO (FHA|USDA|VA) 7 $1,245,000 $177,857 $2,972 4.45%
WAUSAU-WESTON, WI (FHA|USDA|VA) 8 $1,220,000 $152,500 $2,174 4.36%
WENATCHEE, WA (FHA|USDA|VA) 4 $1,210,000 $302,500 $2,789 3.84%
Port Angeles, WA (FHA|USDA|VA) 10 $1,170,000 $117,000 $2,567 4.45%
TOLEDO, OH (FHA|USDA|VA) 3 $1,165,000 $388,333 $524 2.79%
YUBA CITY, CA (FHA|USDA|VA) 5 $1,155,000 $231,000 $1,999 4.38%
PITTSBURGH, PA (FHA|USDA|VA) 4 $1,150,000 $287,500 $2,027 3.72%
TUCSON, AZ (FHA|USDA|VA) 5 $1,115,000 $223,000 $881 4.22%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,100,000 $275,000 $1,652 3.81%
Corsicana, TX (FHA|USDA|VA) 7 $1,095,000 $156,429 $3,385 5.04%
AKRON, OH (FHA|USDA|VA) 3 $1,085,000 $361,667 $546 3.63%
Manitowoc, WI (FHA|USDA|VA) 8 $1,060,000 $132,500 $1,612 4.66%
Roseburg, OR (FHA|USDA|VA) 5 $1,055,000 $211,000 $3,665 3.88%
Beaver Dam, WI (FHA|USDA|VA) 5 $1,045,000 $209,000 $4,044 4.28%
Pahrump, NV (FHA|USDA|VA) 5 $1,025,000 $205,000 $2,080 5.70%
Newport, OR (FHA|USDA|VA) 5 $995,000 $199,000 $3,370 4.28%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 6 $990,000 $165,000 $2,658 4.31%
LONGVIEW, TX (FHA|USDA|VA) 4 $990,000 $247,500 $5,349 4.34%
Othello, WA (FHA|USDA|VA) 3 $985,000 $328,333 $5,341 4.13%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $970,000 $242,500 $1,789 4.59%
Gillette, WY (FHA|USDA|VA) 3 $955,000 $318,333 $1,989 4.04%
CHICO, CA (FHA|USDA|VA) 3 $955,000 $318,333 $2,863 4.25%
Hailey, ID (FHA|USDA|VA) 3 $945,000 $315,000 $834 3.33%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 4 $940,000 $235,000 $1,651 4.28%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $915,000 $305,000 $4,973 3.50%
EAU CLAIRE, WI (FHA|USDA|VA) 5 $895,000 $179,000 $1,118 4.38%
Mineral Wells, TX (FHA|USDA|VA) 3 $885,000 $295,000 $2,009 5.88%
Laramie, WY (FHA|USDA|VA) 4 $860,000 $215,000 $4,505 3.97%
ROCKFORD, IL (FHA|USDA|VA) 6 $860,000 $143,333 $989 4.08%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 5 $855,000 $171,000 $980 4.30%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 4 $820,000 $205,000 $1,487 4.47%
Brookings, OR (FHA|USDA|VA) 4 $820,000 $205,000 $5,781 4.22%
Durango, CO (FHA|USDA|VA) 3 $815,000 $271,667 $2,435 4.92%
Traverse City, MI (FHA|USDA|VA) 2 $810,000 $405,000 $1,533 4.22%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $810,000 $405,000 $12,366 4.38%
LONGVIEW, WA (FHA|USDA|VA) 3 $775,000 $258,333 $3,495 3.62%
Rexburg, ID (FHA|USDA|VA) 4 $770,000 $192,500 $3,027 4.47%
TWIN FALLS, ID (FHA|USDA|VA) 3 $755,000 $251,667 $1,184 3.92%
REDDING, CA (FHA|USDA|VA) 3 $735,000 $245,000 $1,222 3.54%
Shelton, WA (FHA|USDA|VA) 3 $715,000 $238,333 $2,901 3.79%
El Campo, TX (FHA|USDA|VA) 4 $700,000 $175,000 $3,856 4.63%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $670,000 $335,000 $532 3.68%
MERCED, CA (FHA|USDA|VA) 2 $670,000 $335,000 $2,483 4.63%
LUBBOCK, TX (FHA|USDA|VA) 3 $665,000 $221,667 $1,027 3.83%
Hermiston-Pendleton, OR (FHA|USDA|VA) 3 $655,000 $218,333 $5,703 4.04%
Brownwood, TX (FHA|USDA|VA) 3 $645,000 $215,000 $4,399 4.50%
Clearlake, CA (FHA|USDA|VA) 2 $640,000 $320,000 $3,465 4.06%
Ellensburg, WA (FHA|USDA|VA) 2 $640,000 $320,000 $4,846 4.56%
Rockport, TX (FHA|USDA|VA) 3 $635,000 $211,667 $0 4.20%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $630,000 $315,000 $156 3.62%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $605,000 $201,667 $422 4.37%
SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $605,000 $201,667 $2,091 5.13%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $600,000 $300,000 $642 3.88%
KANKAKEE, IL (FHA|USDA|VA) 2 $580,000 $290,000 $546 4.63%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $560,000 $280,000 $771 4.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 4 $550,000 $137,500 $2,567 4.66%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $540,000 $270,000 $633 2.99%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $530,000 $265,000 $1,724 3.63%
LOGAN, UT-ID (FHA|USDA|VA) 2 $530,000 $265,000 $9,258 4.38%
Prineville, OR (FHA|USDA|VA) 2 $530,000 $265,000 $2,378 4.19%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $525,000 $175,000 $1,342 4.17%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $490,000 $245,000 $5,405 3.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $490,000 $245,000 $1,970 4.13%
Blackfoot, ID (FHA|USDA|VA) 2 $490,000 $245,000 $2,972 4.31%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $485,000 $485,000 $115 3.00%
MONROE, MI (FHA|USDA|VA) 1 $485,000 $485,000 $1,359 3.63%
JACKSON, TN (FHA|USDA|VA) 3 $455,000 $151,667 $1,369 4.33%
EL CENTRO, CA (FHA|USDA|VA) 2 $450,000 $225,000 $283 4.38%
Fallon, NV (FHA|USDA|VA) 2 $450,000 $225,000 $2,026 5.81%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $450,000 $225,000 $115 4.18%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $445,000 $445,000 $3,739 3.62%
Rochelle, IL (FHA|USDA|VA) 4 $440,000 $110,000 $1,596 4.50%
Seneca, SC (FHA|USDA|VA) 1 $425,000 $425,000 $715 3.50%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $425,000 $425,000 $1,067 3.50%
FLORENCE, SC (FHA|USDA|VA) 1 $425,000 $425,000 $949 3.75%
AMARILLO, TX (FHA|USDA|VA) 2 $420,000 $210,000 $505 4.25%
Hutchinson, MN (FHA|USDA|VA) 2 $420,000 $210,000 $253 4.06%
Athens, TX (FHA|USDA|VA) 2 $410,000 $205,000 $353 4.31%
Craig, CO (FHA|USDA|VA) 2 $380,000 $190,000 $1,905 4.13%
Los Alamos, NM (FHA|USDA|VA) 1 $375,000 $375,000 $769 4.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $375,000 $375,000 $550 4.00%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $375,000 $375,000 $911 3.37%
Stephenville, TX (FHA|USDA|VA) 2 $360,000 $180,000 $3,574 4.13%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $360,000 $180,000 $3,679 3.75%
Hood River, OR (FHA|USDA|VA) 1 $345,000 $345,000 $7,694 3.63%
Ukiah, CA (FHA|USDA|VA) 1 $335,000 $335,000 $811 3.37%
ALTOONA, PA (FHA|USDA|VA) 1 $335,000 $335,000 $615 3.37%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $335,000 $335,000 $665 3.25%
Alma, MI (FHA|USDA|VA) 2 $330,000 $165,000 $1,801 4.00%
Bonham, TX (FHA|USDA|VA) 1 $325,000 $325,000 $10,523 5.25%
SAGINAW, MI (FHA|USDA|VA) 1 $325,000 $325,000 $1,527 4.00%
JACKSON, MI (FHA|USDA|VA) 3 $325,000 $108,333 $2,091 4.67%
Brainerd, MN (FHA|USDA|VA) 2 $320,000 $160,000 $1,025 4.27%
BATON ROUGE, LA (FHA|USDA|VA) 1 $315,000 $315,000 $694 4.38%
ANN ARBOR, MI (FHA|USDA|VA) 1 $315,000 $315,000 $1,899 2.99%
Jackson, WY-ID (FHA|USDA|VA) 1 $315,000 $315,000 $721 4.38%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $315,000 $315,000 $791 5.00%
ST. CLOUD, MN (FHA|USDA|VA) 2 $310,000 $155,000 $310 3.76%
Austin, MN (FHA|USDA|VA) 1 $305,000 $305,000 $191 4.63%
Dixon, IL (FHA|USDA|VA) 1 $305,000 $305,000 $618 4.13%
SAN ANGELO, TX (FHA|USDA|VA) 2 $300,000 $150,000 $1,612 4.88%
Red Wing, MN (FHA|USDA|VA) 2 $300,000 $150,000 $129 4.15%
Show Low, AZ (FHA|USDA|VA) 2 $300,000 $150,000 $2,093 5.00%
OCALA, FL (FHA|USDA|VA) 1 $295,000 $295,000 $115 3.38%
WICHITA, KS (FHA|USDA|VA) 1 $295,000 $295,000 $116 3.88%
Ottawa, IL (FHA|USDA|VA) 2 $290,000 $145,000 $1,561 4.44%
TYLER, TX (FHA|USDA|VA) 1 $275,000 $275,000 $690 4.88%
Andrews, TX (FHA|USDA|VA) 1 $265,000 $265,000 $5,995 3.63%
Kalispell, MT (FHA|USDA|VA) 1 $265,000 $265,000 $115 3.75%
LINCOLN, NE (FHA|USDA|VA) 4 $260,000 $65,000 $0 4.27%
Baraboo, WI (FHA|USDA|VA) 2 $260,000 $130,000 $686 4.19%
TERRE HAUTE, IN (FHA|USDA|VA) 3 $255,000 $85,000 $1,717 4.42%
Pontiac, IL (FHA|USDA|VA) 2 $250,000 $125,000 $1,268 4.75%
HOT SPRINGS, AR (FHA|USDA|VA) 2 $240,000 $120,000 $628 5.01%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $235,000 $235,000 $1,107 4.00%
Rock Springs, WY (FHA|USDA|VA) 1 $225,000 $225,000 $830 5.38%
Sterling, IL (FHA|USDA|VA) 2 $220,000 $110,000 $3,378 4.13%
READING, PA (FHA|USDA|VA) 1 $215,000 $215,000 $5,303 4.00%
Plymouth, IN (FHA|USDA|VA) 1 $215,000 $215,000 $615 4.50%
Moses Lake, WA (FHA|USDA|VA) 1 $215,000 $215,000 $932 4.88%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 2 $210,000 $105,000 $1,709 4.88%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $205,000 $205,000 $303 3.25%
MOBILE, AL (FHA|USDA|VA) 1 $205,000 $205,000 $707 4.75%
Sheridan, WY (FHA|USDA|VA) 1 $205,000 $205,000 $1,595 4.38%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.65%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $195,000 $195,000 $4,894 4.50%
FLINT, MI (FHA|USDA|VA) 1 $195,000 $195,000 $4,227 4.38%
Centralia, WA (FHA|USDA|VA) 1 $195,000 $195,000 $8,786 4.63%
GRAND ISLAND, NE (FHA|USDA|VA) 3 $195,000 $65,000 $0 4.33%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $190,000 $95,000 $682 4.05%
Klamath Falls, OR (FHA|USDA|VA) 2 $190,000 $95,000 $2,357 4.81%
MUSKEGON, MI (FHA|USDA|VA) 1 $185,000 $185,000 $115 4.25%
WACO, TX (FHA|USDA|VA) 1 $175,000 $175,000 $615 4.38%
COLUMBIA, SC (FHA|USDA|VA) 1 $175,000 $175,000 $3,209 3.88%
Warsaw, IN (FHA|USDA|VA) 1 $165,000 $165,000 $2,217 4.50%
Pullman, WA (FHA|USDA|VA) 1 $165,000 $165,000 $10,143 3.50%
Coldwater, MI (FHA|USDA|VA) 1 $165,000 $165,000 $665 5.63%
THE VILLAGES, FL (FHA|USDA|VA) 1 $165,000 $165,000 $119 3.50%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $155,000 $155,000 $1,306 4.13%
ENID, OK (FHA|USDA|VA) 1 $155,000 $155,000 $500 4.38%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $155,000 $155,000 $2,983 4.75%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $155,000 $155,000 $615 4.88%
Palatka, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,175 4.00%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.38%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,461 5.38%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $145,000 $145,000 $2,515 4.75%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $145,000 $145,000 $532 4.88%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $145,000 $145,000 $2,407 4.75%
LAS CRUCES, NM (FHA|USDA|VA) 1 $135,000 $135,000 $605 4.38%
Hillsdale, MI (FHA|USDA|VA) 1 $135,000 $135,000 $765 4.38%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.26%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.75%
Bay City, TX (FHA|USDA|VA) 1 $125,000 $125,000 $1,747 6.13%
Greeneville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $2,801 4.75%
Huntington, IN (FHA|USDA|VA) 1 $125,000 $125,000 $1,968 4.63%
YUMA, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $1,754 5.00%
FORT WAYNE, IN (FHA|USDA|VA) 1 $115,000 $115,000 $310 3.99%
Cullman, AL (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.10%
DULUTH, MN-WI (FHA|USDA|VA) 1 $105,000 $105,000 $1,097 4.25%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $95,000 $95,000 $597 5.88%
Elko, NV (FHA|USDA|VA) 1 $95,000 $95,000 $865 5.00%
GAINESVILLE, FL (FHA|USDA|VA) 1 $85,000 $85,000 $2,447 4.63%
Lexington, NE (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.49%
Kearney, NE (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.08%
Cherry Creek Mortgage's top markets include Denver, Colorado Springs, Boulder, Dallas, and Portland among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Illinois (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.

    Kohler Credit Union
    Similarity Rank: 66
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 10,982 $3,696,490,000 $336,595 $1,434 4.20%
    FHA 2,478 $648,670,000 $261,772 $5,928 4.28%
    VA 1,712 $594,630,000 $347,331 $4,826 3.85%
    FHA 487 $81,445,000 $167,238 $0 4.26%
    USDA 132 $25,960,000 $196,667 $2,940 4.07%
    Reverse Mortgage 4 $2,550,000 $637,500 $0 6.81%

    For 2019, Cherry Creek Mortgage's most frequently originated type of loan was Conventional, with 10,982 originations. Their 2nd most popular type was FHA, with 2,478 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 9,852 $3,076,450,000 $312,267 $2,903 4.28%
    Refi 4,036 $1,361,770,000 $337,406 $1,770 3.93%
    Cash Out Refi 1,907 $611,525,000 $320,674 $2,283 4.14%

    For 2019, Cherry Creek Mortgage's most frequently cited loan purpose was Home Purchase, with 9,852 originations. The 2nd most popular reason was Refi, with 4,036 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 14,242 $4,646,100,000 $326,225 $2,659 4.21%
    15 Year 592 $181,030,000 $305,794 $1,211 3.54%
    Other 540 $99,900,000 $185,000 $1,458 4.24%
    20 Year 370 $108,670,000 $293,703 $1,014 3.83%
    10 Year 50 $13,480,000 $269,600 $1,180 3.40%
    30+ year 1 $565,000 $565,000 $659 5.50%

    For 2019, Cherry Creek Mortgage's most frequently cited loan duration was 30 Year, with 14,242 originations. The 2nd most popular length was 15 Year, with 592 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 12,594 $3,985,200,000 $316,436
    $1k-2k 1,138 $417,220,000 $366,626
    $5k+ 694 $244,070,000 $351,686
    $2k-3k 460 $168,400,000 $366,087
    $3k-4k 235 $90,915,000 $386,872
    $4k-5k 183 $59,945,000 $327,568

    Cherry Creek Mortgage's average total fees were $2,659, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 12,594 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 7,559 $2,642,925,000 $349,640
    4-5% 6,809 $2,029,315,000 $298,034
    5-6% 1,189 $290,545,000 $244,361
    2.5-3% 184 $68,420,000 $371,848
    6-7% 41 $12,135,000 $295,976
    Over 8% 7 $1,725,000 $246,429
    7-8% 4 $3,850,000 $962,500
    % 1 $345,000 $345,000
    <2.5% 1 $485,000 $485,000

    During 2019, Cherry Creek Mortgage's average interest rate for loans was 4.21%, while their most frequently originated rate bucket for loans was 3-4%, with 7,559 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 8,778 $2,615,830,000 $297,998 $2,752 4.14%
    $400k-600k 3,274 $1,525,450,000 $465,929 $2,711 4.00%
    $100k-200k 2,739 $432,635,000 $157,954 $1,883 4.45%
    $600k-1MM 468 $333,580,000 $712,778 $2,201 4.13%
    $100,000 or less 449 $31,995,000 $71,258 $1,401 4.63%
    $1MM+ 87 $110,255,000 $1,267,299 $2,630 4.02%

    2019 saw Cherry Creek Mortgage place emphasis on $200k-400k loans with 8,778 originations, totaling $2,615,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 3,816 $1,343,620,000 $352,102 $2,600 4.10%
    $50k-75k 3,295 $801,365,000 $243,206 $2,774 4.27%
    $75k-100k 3,056 $918,080,000 $300,419 $2,923 4.22%
    $150k-250k 2,636 $1,092,730,000 $414,541 $2,051 4.08%
    $50k or less 1,427 $268,005,000 $187,810 $2,250 4.31%
    $250k+ 849 $459,535,000 $541,266 $1,867 4.13%

    Cherry Creek Mortgage lent most frequently to those with incomes in the $100k-150k range, with 3,816 originations. The second most popular income band? $50k-75k, with 3,295 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,925 $971,855,000 $332,258 $1,838 4.07%
    30-36% 2,712 $895,500,000 $330,199 $2,202 4.14%
    <20% 804 $259,690,000 $322,998 $1,554 4.02%
    50-60% 796 $238,430,000 $299,535 $5,832 4.16%
    44% 711 $215,865,000 $303,608 $2,725 4.32%
    41% 658 $228,220,000 $346,839 $2,500 4.22%
    42% 636 $215,140,000 $338,270 $2,545 4.26%
    43% 636 $195,130,000 $306,808 $2,727 4.27%
    40% 601 $198,895,000 $330,940 $2,586 4.23%
    39% 552 $181,600,000 $328,986 $2,687 4.23%
    37% 536 $173,160,000 $323,060 $2,376 4.18%
    38% 530 $169,230,000 $319,302 $2,560 4.26%
    49% 505 $156,435,000 $309,772 $2,822 4.28%
    36% 503 $159,575,000 $317,247 $2,238 4.23%
    45% 499 $150,395,000 $301,393 $2,802 4.31%
    48% 459 $143,835,000 $313,366 $3,062 4.31%
    46% 445 $142,795,000 $320,888 $2,968 4.33%
    47% 444 $137,760,000 $310,270 $2,921 4.30%
    >60% 13 $4,195,000 $322,692 $3,189 4.44%

    Cherry Creek Mortgage lent most frequently to those with DTI ratios of 20-30%, with 2,925 originations. The next most common DTI ratio? 30-36%, with 2,712 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 12,258 $3,873,920,000 $316,032 $2,510 4.19%
    Not provided 2,389 $810,975,000 $339,462 $2,567 4.13%
    Asian 470 $173,920,000 $370,043 $2,174 3.93%
    Black 535 $143,355,000 $267,953 $3,504 4.34%
    American Indian 86 $26,790,000 $311,512 $3,509 4.23%
    Native Hawaiian or Islander 54 $19,670,000 $364,259 $4,209 4.12%
    Other Asian 1 $675,000 $675,000 $8,629 3.88%
    Filipino 2 $440,000 $220,000 $0 4.39%

    Approval Rates

    Total approvals of all applications
    96.14%

    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
    72.73%

    Cherry Creek Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 15,795 $5,049,745,000 $319,705

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 187 $36,465,000 $195,000
    Single Family (1-4 Units):Site-Built 15,608 $5,013,280,000 $321,199

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 441 $86,465,000 $196,066 $1,239 4.22%
    40-60% 1,338 $384,850,000 $287,631 $1,463 4.10%
    60-80% 4,277 $1,512,525,000 $353,642 $1,747 4.24%
    80-100% 7,593 $2,346,525,000 $309,038 $3,346 4.24%
    Over 100% 210 $72,590,000 $345,667 $9,777 3.92%
    Under 20% 102 $7,890,000 $77,353 $1,294 4.26%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CHERRY CREEK MORTGAGE COMPANY INC. Conventional home mortgage Trouble during payment process 1 33.3%
    CHERRY CREEK MORTGAGE COMPANY INC. Reverse mortgage Struggling to pay mortgage 1 33.3%
    CHERRY CREEK MORTGAGE COMPANY INC. Reverse mortgage Trouble during payment process 1 33.3%