Colorado
Mortgage Loan Application
Totals and Details
in 2016

Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 483,436
Total Mortgage Loan Application Amount $136,377,826,000
Average Mortgage Loan Application Amount $282,000
Highest Mortgage Loan Application Amount $99,999,000
Average Applicant Income $93,000
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Colorado in 2016

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
Refinancing 275,261 $72,357,930,000 $262,000 $99,999,000 $88,000 $9,999,000
Home Purchase 186,638 $59,776,019,000 $320,000 $99,999,000 $101,000 $9,999,000
Home Improvement 21,537 $4,243,877,000 $197,000 $92,300,000 $100,000 $9,999,000

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 315,459 $86,812,656,000 $275,000 $99,999,000 $106,000 $9,999,000
Not Provided 49,017 $13,305,105,000 $271,000 $17,000,000 $106,000 $9,999,000
Not applicable 47,495 $19,726,544,000 $415,000 $99,999,000 $21,000 $9,513,000
Hispanic 44,044 $9,453,480,000 $214,000 $10,001,000 $69,000 $6,000,000
Asian 12,247 $3,510,668,000 $286,000 $10,000,000 $110,000 $9,999,000
Black or African American 11,589 $2,709,216,000 $233,000 $1,867,000 $70,000 $9,999,000
American Indian or Alaskan Native 2,353 $544,225,000 $231,000 $2,130,000 $76,000 $1,320,000
Native Hawaiin or Other Pacific Islander 1,232 $315,932,000 $256,000 $7,300,000 $80,000 $785,000

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) 339,708 $98,424,321,000 $289,000 $99,999,000 $111,000 $9,999,000
FHA-insured (Federal Housing Administration) 77,842 $19,525,440,000 $250,000 $99,999,000 $50,000 $7,785,000
VA-guaranteed (Veterans Administration) 63,098 $17,879,872,000 $283,000 $2,207,000 $52,000 $2,160,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,788 $548,193,000 $196,000 $542,000 $44,000 $948,000

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 263,402 $77,987,071,000 $296,000 $99,999,000 $105,000 $9,999,000
Loan Purchased By The Institution 70,200 $19,550,662,000 $278,000 $63,378,000 $50,000 $9,513,000
Application Denied By Financial Institution 61,154 $14,794,382,000 $241,000 $99,999,000 $86,000 $9,999,000
Application Withdrawn By Applicant 59,179 $16,384,274,000 $276,000 $92,300,000 $102,000 $9,999,000
File Closed For Incompleteness 18,939 $4,715,143,000 $248,000 $18,500,000 $89,000 $9,999,000
Application Approved But Not Accepted 10,546 $2,941,966,000 $278,000 $42,200,000 $103,000 $6,900,000
Preapproval Approved but not Accepted 11 $2,829,000 $257,000 $412,000 $80,000 $129,000
Preapproval Denied by Financial Institution 5 $1,499,000 $299,000 $664,000 $195,000 $643,000

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 8,803 $2,324,698,000 $264,000 $17,000,000 $68,000 $9,999,000
Credit History 7,198 $1,326,334,000 $184,000 $10,001,000 $90,000 $6,000,000
Credit Application Incomplete 4,714 $1,169,696,000 $248,000 $5,988,000 $94,000 $1,786,000
Collateral 4,567 $1,224,168,000 $268,000 $11,750,000 $121,000 $9,999,000
Other 3,011 $960,577,000 $319,000 $62,294,000 $102,000 $6,000,000
Unverifiable Information 1,758 $477,825,000 $271,000 $4,800,000 $109,000 $9,999,000
Insufficient Cash (Downpayment, Closing Cost) 771 $255,567,000 $331,000 $8,500,000 $110,000 $1,304,000
Employment History 619 $147,405,000 $238,000 $1,119,000 $67,000 $497,000
Mortgage Insurance Denied 12 $3,186,000 $265,000 $620,000 $74,000 $150,000
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Mortgage Loan Application Totals in 2016 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 22,054 $ 7,805,304,000 $ 353,000 $ 129,000
COLORADO SPRINGS, CO 60,905 $ 14,717,596,000 $ 241,000 $ 70,000
DENVER-AURORA-LAKEWOOD, CO 275,625 $ 81,215,676,000 $ 294,000 $ 94,000
FORT COLLINS, CO 28,806 $ 7,899,221,000 $ 274,000 $ 95,000
GRAND JUNCTION, CO 11,149 $ 2,174,994,000 $ 195,000 $ 63,000
GREELEY, CO 30,606 $ 7,184,950,000 $ 234,000 $ 76,000
PUEBLO, CO 9,900 $ 1,463,961,000 $ 147,000 $ 60,000
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Mortgage Loan Application Totals in 2016 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 47,928 $ 11,794,924,000 $ 246,000 $ 72,000
Alamosa 405 $ 59,971,000 $ 148,000 $ 56,000
Arapahoe 61,590 $ 17,254,132,000 $ 280,000 $ 88,000
Archuleta 914 $ 228,228,000 $ 249,000 $ 103,000
Baca 61 $ 6,829,000 $ 111,000 $ 80,000
Bent 110 $ 10,396,000 $ 94,000 $ 57,000
Boulder 22,073 $ 7,807,282,000 $ 353,000 $ 129,000
Broomfield 6,223 $ 2,062,412,000 $ 331,000 $ 112,000
Chaffee 1,093 $ 267,650,000 $ 244,000 $ 94,000
Cheyenne 50 $ 5,589,000 $ 111,000 $ 60,000
Clear Creek 1,060 $ 281,760,000 $ 265,000 $ 87,000
Conejos 169 $ 19,491,000 $ 115,000 $ 53,000
Costilla 118 $ 13,732,000 $ 116,000 $ 55,000
Crowley 97 $ 10,571,000 $ 108,000 $ 49,000
Custer 450 $ 89,898,000 $ 199,000 $ 82,000
Delta 1,646 $ 287,428,000 $ 174,000 $ 57,000
Denver 56,185 $ 18,231,040,000 $ 324,000 $ 106,000
Dolores 85 $ 11,945,000 $ 140,000 $ 48,000
Douglas 40,326 $ 13,669,708,000 $ 338,000 $ 113,000
Eagle 4,345 $ 2,357,829,000 $ 542,000 $ 226,000
El Paso 58,442 $ 14,186,204,000 $ 242,000 $ 70,000
Elbert 3,321 $ 1,038,015,000 $ 312,000 $ 93,000
Fremont 2,907 $ 458,376,000 $ 157,000 $ 53,000
Garfield 4,094 $ 1,214,757,000 $ 296,000 $ 94,000
Gilpin 737 $ 187,023,000 $ 253,000 $ 86,000
Grand 2,058 $ 544,195,000 $ 264,000 $ 167,000
Gunnison 1,227 $ 391,594,000 $ 319,000 $ 155,000
Hinsdale 76 $ 17,036,000 $ 224,000 $ 124,000
Huerfano 303 $ 47,358,000 $ 156,000 $ 72,000
Jackson 60 $ 9,477,000 $ 157,000 $ 134,000
Jefferson 55,811 $ 16,115,199,000 $ 288,000 $ 94,000
Kiowa 31 $ 3,920,000 $ 126,000 $ 65,000
Kit Carson 244 $ 27,464,000 $ 112,000 $ 64,000
La Plata 3,779 $ 1,094,275,000 $ 289,000 $ 113,000
Lake 536 $ 102,491,000 $ 191,000 $ 83,000
Larimer 28,865 $ 7,904,873,000 $ 273,000 $ 95,000
Las Animas 595 $ 89,478,000 $ 150,000 $ 65,000
Lincoln 186 $ 22,219,000 $ 119,000 $ 59,000
Logan 842 $ 115,212,000 $ 136,000 $ 64,000
Mesa 11,154 $ 2,175,827,000 $ 195,000 $ 63,000
Mineral 52 $ 11,759,000 $ 226,000 $ 96,000
Moffat 708 $ 116,215,000 $ 164,000 $ 64,000
Montezuma 1,202 $ 207,225,000 $ 172,000 $ 58,000
Montrose 2,367 $ 443,712,000 $ 187,000 $ 64,000
Morgan 1,396 $ 230,710,000 $ 165,000 $ 58,000
Otero 634 $ 59,906,000 $ 94,000 $ 62,000
Ouray 376 $ 111,425,000 $ 296,000 $ 105,000
Park 2,520 $ 600,854,000 $ 238,000 $ 87,000
Phillips 175 $ 23,560,000 $ 134,000 $ 63,000
Pitkin 1,326 $ 1,661,079,000 $ 1,252,000 $ 432,000
Prowers 314 $ 30,419,000 $ 96,000 $ 59,000
Pueblo 9,978 $ 1,474,876,000 $ 147,000 $ 60,000
Rio Blanco 378 $ 69,792,000 $ 184,000 $ 75,000
Rio Grande 345 $ 55,393,000 $ 160,000 $ 68,000
Routt 2,022 $ 764,800,000 $ 378,000 $ 163,000
Saguache 206 $ 32,372,000 $ 157,000 $ 72,000
San Juan 55 $ 11,479,000 $ 208,000 $ 127,000
San Miguel 714 $ 484,290,000 $ 678,000 $ 301,000
Sedgwick 103 $ 9,610,000 $ 93,000 $ 79,000
Summit 4,277 $ 1,654,177,000 $ 386,000 $ 195,000
Teller 2,497 $ 536,872,000 $ 215,000 $ 71,000
Washington 197 $ 23,252,000 $ 118,000 $ 58,000
Weld 30,768 $ 7,199,727,000 $ 234,000 $ 76,000
Yuma 363 $ 52,470,000 $ 144,000 $ 57,000
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