AllMortgageDetail - Mortgage Application Details

Colorado
Mortgage Loan Application
Totals and Details
in 2014

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Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 306,945
Total Mortgage Loan Application Amount $75,105,603,000
Average Mortgage Loan Application Amount $244,000
Highest Mortgage Loan Application Amount $67,912,000
Average Applicant Income $91,000
Highest Applicant Income $9,999,000

Mortgage Loan Application Detail Totals for Colorado in 2014

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 162,724 $42,888,398,000 $263,000 $67,912,000 $94,000 $9,999,000
Refinancing 130,706 $30,672,393,000 $234,000 $59,244,000 $87,000 $9,999,000
Home Improvement 13,515 $1,544,812,000 $114,000 $35,500,000 $91,000 $4,545,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 198,454 $47,889,001,000 $241,000 $13,000,000 $106,000 $9,999,000
Not applicable 35,052 $12,000,511,000 $342,000 $67,912,000 $16,000 $4,411,000
Not Provided 30,126 $6,950,376,000 $230,000 $9,225,000 $103,000 $9,999,000
Hispanic 26,937 $4,677,946,000 $173,000 $6,800,000 $66,000 $2,880,000
Asian 7,447 $1,778,033,000 $238,000 $10,000,000 $103,000 $6,000,000
Black or African American 6,814 $1,371,757,000 $201,000 $1,535,000 $70,000 $1,800,000
American Indian or Alaskan Native 1,416 $289,455,000 $204,000 $1,600,000 $79,000 $1,732,000
Native Hawaiin or Other Pacific Islander 699 $148,524,000 $212,000 $792,000 $84,000 $1,094,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 217,013 $54,997,094,000 $253,000 $67,912,000 $107,000 $9,999,000
FHA-insured (Federal Housing Administration) 49,944 $10,314,423,000 $206,000 $59,244,000 $49,000 $4,728,000
VA-guaranteed (Veterans Administration) 36,342 $9,122,704,000 $251,000 $2,297,000 $59,000 $3,600,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3,646 $671,382,000 $184,000 $770,000 $39,000 $360,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 168,395 $43,439,199,000 $257,000 $67,912,000 $105,000 $9,999,000
Loan Purchased By The Institution 46,387 $10,916,202,000 $235,000 $33,774,000 $36,000 $4,411,000
Application Denied By Financial Institution 40,539 $8,373,226,000 $206,000 $20,000,000 $86,000 $9,999,000
Application Withdrawn By Applicant 33,235 $8,126,977,000 $244,000 $37,000,000 $98,000 $9,999,000
File Closed For Incompleteness 9,342 $2,149,493,000 $230,000 $13,000,000 $95,000 $9,999,000
Application Approved But Not Accepted 9,033 $2,096,058,000 $232,000 $20,539,000 $102,000 $5,928,000
Preapproval Denied by Financial Institution 13 $4,096,000 $315,000 $1,020,000 $129,000 $502,000
Preapproval Approved but not Accepted 1 $352,000 $352,000 $352,000 $103,000 $103,000

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Debt-To-Income Ratio 7,365 $1,675,401,000 $227,000 $10,000,000 $72,000 $9,999,000
Credit History 7,088 $1,098,612,000 $154,000 $4,275,000 $80,000 $2,167,000
Collateral 5,091 $1,135,902,000 $223,000 $8,250,000 $120,000 $9,999,000
Credit Application Incomplete 3,285 $789,473,000 $240,000 $12,500,000 $108,000 $9,999,000
Other 2,542 $518,606,000 $204,000 $19,000,000 $110,000 $7,800,000
Unverifiable Information 1,071 $235,555,000 $219,000 $3,188,000 $101,000 $3,343,000
Insufficient Cash (Downpayment, Closing Cost) 722 $197,803,000 $273,000 $15,000,000 $96,000 $2,200,000
Employment History 452 $96,395,000 $213,000 $4,000,000 $70,000 $360,000
Mortgage Insurance Denied 22 $4,556,000 $207,000 $417,000 $92,000 $315,000

Mortgage Loan Application Totals in 2014 by Colorado Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
BOULDER, CO 14,210 $ 4,544,191,000 $ 319,000 $ 120,000
COLORADO SPRINGS, CO 38,280 $ 8,078,109,000 $ 211,000 $ 70,000
DENVER-AURORA-LAKEWOOD, CO 171,643 $ 43,261,670,000 $ 252,000 $ 91,000
FORT COLLINS, CO 18,000 $ 4,204,835,000 $ 233,000 $ 91,000
GRAND JUNCTION, CO 7,221 $ 1,287,065,000 $ 178,000 $ 66,000
GREELEY, CO 18,482 $ 3,688,301,000 $ 199,000 $ 74,000
PUEBLO, CO 6,985 $ 920,553,000 $ 131,000 $ 62,000

Mortgage Loan Application Totals in 2014 by Colorado County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Adams 28,598 $ 5,732,347,000 $ 200,000 $ 68,000
Alamosa 305 $ 54,809,000 $ 179,000 $ 60,000
Arapahoe 37,696 $ 9,053,561,000 $ 240,000 $ 85,000
Archuleta 492 $ 104,554,000 $ 212,000 $ 106,000
Baca 51 $ 6,936,000 $ 136,000 $ 104,000
Bent 135 $ 13,180,000 $ 97,000 $ 53,000
Boulder 14,263 $ 4,547,990,000 $ 318,000 $ 119,000
Broomfield 3,779 $ 1,129,174,000 $ 298,000 $ 108,000
Chaffee 685 $ 156,109,000 $ 227,000 $ 89,000
Cheyenne 36 $ 3,688,000 $ 102,000 $ 70,000
Clear Creek 670 $ 161,121,000 $ 240,000 $ 88,000
Conejos 129 $ 13,194,000 $ 102,000 $ 56,000
Costilla 88 $ 9,525,000 $ 108,000 $ 63,000
Crowley 78 $ 5,754,000 $ 73,000 $ 58,000
Custer 257 $ 47,155,000 $ 183,000 $ 78,000
Delta 1,109 $ 171,984,000 $ 155,000 $ 60,000
Denver 37,602 $ 10,421,983,000 $ 277,000 $ 100,000
Dolores 71 $ 10,453,000 $ 147,000 $ 57,000
Douglas 25,081 $ 7,525,276,000 $ 300,000 $ 111,000
Eagle 2,912 $ 1,532,916,000 $ 526,000 $ 243,000
El Paso 36,585 $ 7,772,040,000 $ 212,000 $ 69,000
Elbert 1,972 $ 539,602,000 $ 273,000 $ 95,000
Fremont 2,086 $ 292,498,000 $ 140,000 $ 50,000
Garfield 2,349 $ 613,336,000 $ 261,000 $ 88,000
Gilpin 447 $ 93,411,000 $ 208,000 $ 80,000
Grand 1,421 $ 355,874,000 $ 250,000 $ 155,000
Gunnison 755 $ 233,290,000 $ 308,000 $ 160,000
Hinsdale 39 $ 8,135,000 $ 208,000 $ 111,000
Huerfano 228 $ 34,243,000 $ 150,000 $ 66,000
Jackson 47 $ 8,057,000 $ 171,000 $ 84,000
Jefferson 34,391 $ 8,323,229,000 $ 242,000 $ 88,000
Kiowa 39 $ 3,564,000 $ 91,000 $ 97,000
Kit Carson 203 $ 23,565,000 $ 116,000 $ 70,000
La Plata 2,631 $ 747,429,000 $ 284,000 $ 111,000
Lake 283 $ 45,852,000 $ 162,000 $ 69,000
Larimer 18,049 $ 4,207,257,000 $ 233,000 $ 91,000
Las Animas 439 $ 76,291,000 $ 173,000 $ 55,000
Lincoln 135 $ 15,816,000 $ 117,000 $ 59,000
Logan 676 $ 86,585,000 $ 128,000 $ 54,000
Mesa 7,227 $ 1,287,795,000 $ 178,000 $ 66,000
Mineral 39 $ 10,670,000 $ 273,000 $ 193,000
Moffat 481 $ 74,578,000 $ 155,000 $ 61,000
Montezuma 830 $ 138,127,000 $ 166,000 $ 70,000
Montrose 1,499 $ 243,788,000 $ 162,000 $ 55,000
Morgan 1,016 $ 140,975,000 $ 138,000 $ 61,000
Otero 470 $ 44,581,000 $ 94,000 $ 58,000
Ouray 239 $ 65,822,000 $ 275,000 $ 119,000
Park 1,491 $ 296,237,000 $ 198,000 $ 87,000
Phillips 118 $ 12,566,000 $ 106,000 $ 55,000
Pitkin 1,070 $ 1,129,685,000 $ 1,055,000 $ 425,000
Prowers 264 $ 29,962,000 $ 113,000 $ 59,000
Pueblo 7,019 $ 925,088,000 $ 131,000 $ 61,000
Rio Blanco 252 $ 42,041,000 $ 166,000 $ 67,000
Rio Grande 255 $ 35,806,000 $ 140,000 $ 62,000
Routt 1,396 $ 495,921,000 $ 355,000 $ 179,000
Saguache 109 $ 13,894,000 $ 127,000 $ 55,000
San Juan 33 $ 5,385,000 $ 163,000 $ 132,000
San Miguel 511 $ 314,044,000 $ 614,000 $ 362,000
Sedgwick 102 $ 9,154,000 $ 89,000 $ 60,000
Summit 2,966 $ 1,060,391,000 $ 357,000 $ 193,000
Teller 1,724 $ 331,412,000 $ 192,000 $ 73,000
Washington 142 $ 14,446,000 $ 101,000 $ 53,000
Weld 18,542 $ 3,693,228,000 $ 199,000 $ 73,000
Yuma 282 $ 34,231,000 $ 121,000 $ 59,000