Colorado
Mortgage Loan Application
Totals and Details
in 2019

Find mortgage statistics and mortgage data for Colorado.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2019 in all of Colorado.
You can organize this information by metropolitan area and by county.

Years 2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 541,763
Total Mortgage Loan Application Amount $171,579,570,000
Average Mortgage Loan Application Amount $316,000
Highest Mortgage Loan Application Amount $96,525,000
Average Applicant Income $121,000
Highest Applicant Income $9,490,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Colorado, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also 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 2019

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 199,065 $72,457,700,000 $363,000 $95,005,000 $128,000 $8,827,000
Refinancing 150,633 $53,497,090,000 $355,000 $96,525,000 $123,000 $9,490,000
Cash-out Refinancing 123,217 $36,999,890,000 $300,000 $60,835,000 $104,000 $6,524,000
Other Purpose 36,871 $4,625,555,000 $125,000 $60,305,000 $128,000 $8,153,000
Home Improvement 29,483 $3,372,495,000 $114,000 $47,185,000 $128,000 $5,756,000
Not Applicable 2,494 $626,840,000 $251,000 $16,415,000 $135,000 $1,150,000

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 342,785 $104,159,485,000 $303,000 $20,005,000 $127,000 $9,403,000
Not Provided 67,462 $21,386,440,000 $317,000 $33,455,000 $126,000 $9,490,000
Hispanic 51,955 $12,687,960,000 $244,000 $27,765,000 $85,000 $8,153,000
Not applicable 46,057 $23,519,835,000 $510,000 $96,525,000 $112,000 $3,997,000
Black or African American 14,037 $3,741,835,000 $266,000 $2,475,000 $87,000 $2,944,000
Asian 13,818 $4,526,420,000 $327,000 $3,805,000 $128,000 $4,998,000
American Indian or Alaskan Native 2,967 $763,755,000 $257,000 $1,485,000 $96,000 $1,640,000
Native Hawaiian or Other Pacific Islander 824 $243,240,000 $295,000 $12,005,000 $103,000 $2,640,000

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) 404,608 $128,042,170,000 $316,000 $96,525,000 $133,000 $9,490,000
FHA-insured (Federal Housing Administration) 69,386 $20,372,450,000 $293,000 $53,655,000 $72,000 $2,500,000
VA-guaranteed (Veterans Administration) 66,233 $22,805,480,000 $344,000 $27,765,000 $81,000 $2,376,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,536 $359,470,000 $234,000 $575,000 $64,000 $155,000

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 302,316 $98,819,765,000 $326,000 $96,525,000 $125,000 $9,490,000
Application Withdrawn By Applicant 74,558 $24,722,160,000 $331,000 $95,005,000 $122,000 $7,500,000
Loan Purchased By The Institution 72,636 $24,492,670,000 $337,000 $18,505,000 $118,000 $3,997,000
Application Denied By Financial Institution 61,209 $14,506,775,000 $237,000 $65,005,000 $102,000 $8,153,000
File Closed For Incompleteness 18,136 $5,330,560,000 $293,000 $14,905,000 $113,000 $8,665,000
Application Approved But Not Accepted 12,647 $3,617,045,000 $286,000 $17,375,000 $125,000 $8,872,000
Preapproval Approved but not Accepted 190 $65,240,000 $343,000 $1,205,000 $98,000 $427,000
Preapproval Denied by Financial Institution 71 $25,355,000 $357,000 $1,135,000 $52,000 $471,000

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
Not applicable 472,662 $154,299,145,000 $326,000 $96,525,000 $124,000 $9,490,000
Debt-To-Income Ratio 26,960 $7,396,820,000 $274,000 $61,425,000 $93,000 $7,000,000
Credit History 15,684 $2,615,210,000 $166,000 $7,305,000 $96,000 $4,838,000
Collateral 8,299 $1,957,385,000 $235,000 $9,675,000 $133,000 $4,577,000
Other 7,044 $2,172,720,000 $308,000 $65,005,000 $117,000 $3,867,000
Credit Application Incomplete 6,412 $1,798,610,000 $280,000 $6,505,000 $115,000 $3,660,000
Unverifiable Information 2,726 $699,300,000 $256,000 $4,055,000 $134,000 $8,153,000
Insufficient Cash (Downpayment, Closing Cost) 1,137 $409,065,000 $359,000 $7,015,000 $124,000 $1,625,000
Employment History 818 $224,680,000 $274,000 $2,265,000 $86,000 $1,250,000
Mortgage Insurance Denied 21 $6,635,000 $315,000 $655,000 $78,000 $272,000
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Mortgage Loan Application Totals in 2019 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 24,375 $ 9,740,495,000 $ 399,000 $ 157,000
COLORADO SPRINGS, CO 74,647 $ 20,901,215,000 $ 280,000 $ 97,000
DENVER-AURORA-LAKEWOOD, CO 297,935 $ 97,966,390,000 $ 328,000 $ 124,000
FORT COLLINS, CO 31,391 $ 9,525,745,000 $ 303,000 $ 119,000
GRAND JUNCTION, CO 14,489 $ 3,098,315,000 $ 213,000 $ 86,000
GREELEY, CO 37,030 $ 10,099,060,000 $ 272,000 $ 99,000
PUEBLO, CO 11,965 $ 2,050,515,000 $ 171,000 $ 74,000
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Mortgage Loan Application Totals in 2019 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 52,701 $ 14,755,205,000 $ 279,000 $ 94,000
Alamosa 420 $ 75,010,000 $ 178,000 $ 78,000
Arapahoe 65,360 $ 20,542,275,000 $ 314,000 $ 117,000
Archuleta 1,336 $ 370,690,000 $ 277,000 $ 122,000
Baca 64 $ 6,330,000 $ 98,000 $ 62,000
Bent 113 $ 11,065,000 $ 97,000 $ 58,000
Boulder 24,403 $ 9,844,775,000 $ 403,000 $ 157,000
Broomfield 6,785 $ 2,281,515,000 $ 336,000 $ 139,000
Chaffee 1,314 $ 380,000,000 $ 289,000 $ 125,000
Cheyenne 38 $ 3,970,000 $ 104,000 $ 62,000
Clear Creek 1,154 $ 373,180,000 $ 323,000 $ 126,000
Conejos 179 $ 28,035,000 $ 156,000 $ 76,000
Costilla 110 $ 18,140,000 $ 164,000 $ 82,000
Crowley 102 $ 11,010,000 $ 107,000 $ 59,000
Custer 510 $ 115,490,000 $ 226,000 $ 96,000
Delta 1,968 $ 376,480,000 $ 191,000 $ 74,000
Denver 60,723 $ 22,550,515,000 $ 371,000 $ 140,000
Dolores 87 $ 18,325,000 $ 210,000 $ 79,000
Douglas 45,355 $ 17,070,905,000 $ 376,000 $ 149,000
Eagle 4,846 $ 2,929,990,000 $ 604,000 $ 275,000
El Paso 71,746 $ 20,123,750,000 $ 280,000 $ 97,000
Elbert 3,885 $ 1,344,305,000 $ 346,000 $ 126,000
Fremont 3,174 $ 592,960,000 $ 186,000 $ 70,000
Garfield 4,759 $ 1,475,845,000 $ 310,000 $ 115,000
Gilpin 731 $ 207,125,000 $ 283,000 $ 102,000
Grand 2,709 $ 961,255,000 $ 354,000 $ 211,000
Gunnison 1,379 $ 490,755,000 $ 355,000 $ 174,000
Hinsdale 75 $ 20,485,000 $ 273,000 $ 112,000
Huerfano 383 $ 70,125,000 $ 183,000 $ 87,000
Jackson 61 $ 11,895,000 $ 195,000 $ 81,000
Jefferson 58,633 $ 18,425,185,000 $ 314,000 $ 120,000
Kiowa 30 $ 2,910,000 $ 97,000 $ 69,000
Kit Carson 226 $ 31,170,000 $ 137,000 $ 72,000
La Plata 3,861 $ 1,229,555,000 $ 318,000 $ 139,000
Lake 575 $ 134,655,000 $ 234,000 $ 110,000
Larimer 31,455 $ 9,529,895,000 $ 302,000 $ 118,000
Las Animas 590 $ 104,730,000 $ 177,000 $ 74,000
Lincoln 258 $ 39,430,000 $ 152,000 $ 65,000
Logan 901 $ 137,955,000 $ 153,000 $ 72,000
Mesa 14,491 $ 3,098,455,000 $ 213,000 $ 86,000
Mineral 65 $ 17,265,000 $ 265,000 $ 150,000
Moffat 732 $ 130,980,000 $ 178,000 $ 79,000
Montezuma 1,274 $ 260,850,000 $ 204,000 $ 79,000
Montrose 2,756 $ 553,700,000 $ 200,000 $ 79,000
Morgan 1,821 $ 383,305,000 $ 210,000 $ 81,000
Otero 636 $ 72,400,000 $ 113,000 $ 59,000
Ouray 454 $ 140,170,000 $ 308,000 $ 132,000
Park 2,951 $ 795,585,000 $ 269,000 $ 112,000
Phillips 151 $ 25,195,000 $ 166,000 $ 77,000
Pitkin 1,553 $ 2,251,385,000 $ 1,449,000 $ 482,000
Prowers 301 $ 33,755,000 $ 112,000 $ 64,000
Pueblo 11,968 $ 2,075,610,000 $ 173,000 $ 74,000
Rio Blanco 347 $ 63,705,000 $ 183,000 $ 75,000
Rio Grande 503 $ 89,865,000 $ 178,000 $ 91,000
Routt 2,395 $ 1,007,125,000 $ 420,000 $ 210,000
Saguache 239 $ 38,495,000 $ 161,000 $ 68,000
San Juan 61 $ 15,885,000 $ 260,000 $ 158,000
San Miguel 732 $ 583,240,000 $ 796,000 $ 402,000
Sedgwick 78 $ 7,670,000 $ 98,000 $ 60,000
Summit 4,678 $ 2,258,910,000 $ 482,000 $ 256,000
Teller 2,959 $ 793,775,000 $ 268,000 $ 97,000
Washington 203 $ 29,115,000 $ 143,000 $ 66,000
Weld 37,107 $ 10,105,445,000 $ 272,000 $ 99,000
Yuma 309 $ 50,795,000 $ 164,000 $ 76,000

We hope these mortgage application details and statistics 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 Colorado.

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