Colorado
Mortgage Loan Application
Totals and Details
in 2017

Find mortgage statistics for Colorado.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2017 in all of Colorado.
You can organize this information by metropolitan area and by county.

Years 2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 404,517
Total Mortgage Loan Application Amount $120,734,790,000
Average Mortgage Loan Application Amount $298,000
Highest Mortgage Loan Application Amount $280,000,000
Average Applicant Income $96,000
Highest Applicant Income $47,000,000

We provide overall totals and averages for each year, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or lending statistics in Colorado, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists are also able to be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for Colorado in 2017

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 196,296 $66,385,481,000 $338,000 $214,627,000 $104,000 $31,626,000
Refinancing 185,716 $49,996,600,000 $269,000 $280,000,000 $87,000 $47,000,000
Home Improvement 22,505 $4,352,709,000 $193,000 $34,210,000 $99,000 $31,200,000

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 253,350 $73,284,945,000 $289,000 $280,000,000 $111,000 $47,000,000
Not applicable 43,921 $20,163,601,000 $459,000 $214,627,000 $17,000 $5,925,000
Not Provided 42,249 $11,855,072,000 $280,000 $16,900,000 $110,000 $28,752,000
Hispanic 40,874 $8,918,321,000 $218,000 $3,900,000 $73,000 $3,588,000
Asian 10,669 $3,225,128,000 $302,000 $2,500,000 $112,000 $2,982,000
Black or African American 10,449 $2,552,391,000 $244,000 $2,813,000 $77,000 $9,999,000
American Indian or Alaskan Native 2,032 $472,631,000 $232,000 $2,013,000 $86,000 $6,290,000
Native Hawaiin or Other Pacific Islander 973 $262,701,000 $269,000 $1,658,000 $91,000 $951,000

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) 282,755 $87,713,435,000 $310,000 $280,000,000 $111,000 $47,000,000
FHA-insured (Federal Housing Administration) 68,270 $17,322,885,000 $253,000 $46,000,000 $57,000 $8,337,000
VA-guaranteed (Veterans Administration) 50,827 $15,139,861,000 $297,000 $2,452,000 $65,000 $2,105,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,665 $558,609,000 $209,000 $909,000 $43,000 $663,000

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 216,848 $66,651,105,000 $307,000 $280,000,000 $109,000 $47,000,000
Loan Purchased By The Institution 64,693 $18,819,966,000 $290,000 $39,450,000 $51,000 $3,863,000
Application Withdrawn By Applicant 53,093 $16,232,986,000 $305,000 $85,000,000 $105,000 $25,208,000
Application Denied By Financial Institution 44,181 $10,814,415,000 $244,000 $64,400,000 $86,000 $31,200,000
File Closed For Incompleteness 15,300 $4,422,272,000 $289,000 $135,000,000 $91,000 $10,172,000
Application Approved But Not Accepted 10,391 $3,791,245,000 $364,000 $85,000,000 $105,000 $9,144,000
Preapproval Approved but not Accepted 6 $1,736,000 $289,000 $625,000 $76,000 $108,000
Preapproval Denied by Financial Institution 5 $1,065,000 $213,000 $400,000 $53,000 $158,000

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 8,244 $2,305,981,000 $279,000 $16,900,000 $70,000 $9,999,000
Credit History 6,795 $1,274,424,000 $187,000 $3,900,000 $86,000 $6,290,000
Credit Application Incomplete 4,237 $1,074,713,000 $253,000 $1,900,000 $95,000 $2,875,000
Collateral 3,980 $1,079,210,000 $271,000 $6,370,000 $122,000 $9,999,000
Other 3,081 $862,648,000 $279,000 $64,400,000 $97,000 $3,440,000
Unverifiable Information 1,622 $503,108,000 $310,000 $4,000,000 $120,000 $3,471,000
Insufficient Cash (Downpayment, Closing Cost) 760 $230,182,000 $302,000 $2,600,000 $103,000 $3,332,000
Employment History 513 $136,455,000 $265,000 $2,813,000 $97,000 $9,999,000
Mortgage Insurance Denied 14 $4,084,000 $291,000 $542,000 $81,000 $184,000
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Mortgage Loan Application Totals in 2017 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 16,964 $ 6,725,203,000 $ 396,000 $ 129,000
COLORADO SPRINGS, CO 55,835 $ 14,255,705,000 $ 255,000 $ 76,000
DENVER-AURORA-LAKEWOOD, CO 221,658 $ 69,949,786,000 $ 315,000 $ 97,000
FORT COLLINS, CO 22,745 $ 7,184,516,000 $ 315,000 $ 98,000
GRAND JUNCTION, CO 10,280 $ 2,005,826,000 $ 195,000 $ 66,000
GREELEY, CO 26,840 $ 6,524,962,000 $ 243,000 $ 77,000
PUEBLO, CO 9,650 $ 1,467,731,000 $ 152,000 $ 62,000
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Mortgage Loan Application Totals in 2017 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 42,368 $ 11,050,927,000 $ 260,000 $ 74,000
Alamosa 334 $ 53,049,000 $ 158,000 $ 61,000
Arapahoe 50,098 $ 15,372,414,000 $ 306,000 $ 90,000
Archuleta 871 $ 203,291,000 $ 233,000 $ 98,000
Baca 62 $ 6,284,000 $ 101,000 $ 51,000
Bent 125 $ 13,372,000 $ 106,000 $ 53,000
Boulder 16,973 $ 6,725,839,000 $ 396,000 $ 128,000
Broomfield 4,752 $ 1,591,151,000 $ 334,000 $ 112,000
Chaffee 981 $ 254,072,000 $ 258,000 $ 102,000
Cheyenne 40 $ 4,312,000 $ 107,000 $ 61,000
Clear Creek 876 $ 243,956,000 $ 278,000 $ 99,000
Conejos 146 $ 18,421,000 $ 126,000 $ 56,000
Costilla 127 $ 16,257,000 $ 128,000 $ 71,000
Crowley 106 $ 8,227,000 $ 77,000 $ 56,000
Custer 426 $ 87,213,000 $ 204,000 $ 83,000
Delta 1,629 $ 284,227,000 $ 174,000 $ 59,000
Denver 44,502 $ 15,587,663,000 $ 350,000 $ 109,000
Dolores 77 $ 13,253,000 $ 172,000 $ 77,000
Douglas 30,144 $ 11,069,272,000 $ 367,000 $ 121,000
Eagle 3,715 $ 2,120,081,000 $ 570,000 $ 224,000
El Paso 53,625 $ 13,731,044,000 $ 256,000 $ 76,000
Elbert 2,790 $ 904,961,000 $ 324,000 $ 97,000
Fremont 2,700 $ 432,619,000 $ 160,000 $ 58,000
Garfield 3,362 $ 1,025,318,000 $ 304,000 $ 95,000
Gilpin 574 $ 157,124,000 $ 273,000 $ 83,000
Grand 2,095 $ 613,351,000 $ 292,000 $ 170,000
Gunnison 1,169 $ 397,008,000 $ 339,000 $ 166,000
Hinsdale 65 $ 17,036,000 $ 262,000 $ 147,000
Huerfano 331 $ 49,067,000 $ 148,000 $ 71,000
Jackson 65 $ 11,451,000 $ 176,000 $ 73,000
Jefferson 43,307 $ 13,395,095,000 $ 309,000 $ 95,000
Kiowa 39 $ 3,203,000 $ 82,000 $ 60,000
Kit Carson 260 $ 31,974,000 $ 122,000 $ 68,000
La Plata 3,131 $ 953,938,000 $ 304,000 $ 117,000
Lake 487 $ 100,278,000 $ 205,000 $ 82,000
Larimer 22,803 $ 7,190,586,000 $ 315,000 $ 98,000
Las Animas 616 $ 86,213,000 $ 139,000 $ 64,000
Lincoln 202 $ 28,744,000 $ 142,000 $ 54,000
Logan 838 $ 116,378,000 $ 138,000 $ 62,000
Mesa 10,283 $ 2,006,126,000 $ 195,000 $ 66,000
Mineral 70 $ 16,782,000 $ 239,000 $ 77,000
Moffat 708 $ 120,131,000 $ 169,000 $ 58,000
Montezuma 1,106 $ 200,875,000 $ 181,000 $ 73,000
Montrose 2,132 $ 399,142,000 $ 187,000 $ 64,000
Morgan 1,464 $ 248,717,000 $ 169,000 $ 65,000
Otero 581 $ 61,035,000 $ 105,000 $ 53,000
Ouray 370 $ 116,544,000 $ 314,000 $ 136,000
Park 2,321 $ 584,144,000 $ 251,000 $ 91,000
Phillips 167 $ 22,826,000 $ 136,000 $ 66,000
Pitkin 1,146 $ 1,331,675,000 $ 1,162,000 $ 487,000
Prowers 251 $ 24,005,000 $ 95,000 $ 61,000
Pueblo 9,665 $ 1,468,358,000 $ 151,000 $ 62,000
Rio Blanco 314 $ 56,234,000 $ 179,000 $ 62,000
Rio Grande 382 $ 59,503,000 $ 155,000 $ 67,000
Routt 1,802 $ 708,004,000 $ 392,000 $ 202,000
Saguache 200 $ 28,865,000 $ 144,000 $ 65,000
San Juan 38 $ 7,907,000 $ 208,000 $ 108,000
San Miguel 635 $ 455,987,000 $ 718,000 $ 358,000
Sedgwick 91 $ 8,271,000 $ 90,000 $ 58,000
Summit 3,761 $ 1,584,836,000 $ 421,000 $ 208,000
Teller 2,246 $ 527,324,000 $ 234,000 $ 83,000
Washington 190 $ 25,016,000 $ 131,000 $ 47,000
Weld 26,941 $ 6,533,878,000 $ 242,000 $ 77,000
Yuma 321 $ 47,738,000 $ 148,000 $ 59,000

We hope these totals and details for mortgage applications will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in CO.

If you prefer, you can download a copy of the entire list of mortgage lenders in Colorado, and search similar information back through 2003.

Download the Colorado Lender List