Colorado
Mortgage Loan Application
Totals and Details
in 2020

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 2003-2020 in all of Colorado.
You can organize this information by metropolitan area and by county.

Years 2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 789,746
Total Mortgage Loan Application Amount $261,471,225,000
Average Mortgage Loan Application Amount $331,000
Highest Mortgage Loan Application Amount $99,005,000
Average Applicant Income $135,000
Highest Applicant Income $9,999,000

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 2020

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 384,543 $128,366,950,000 $333,000 $90,355,000 $143,000 $9,999,000
Home Purchase 204,544 $79,426,005,000 $388,000 $99,005,000 $132,000 $9,392,000
Cash-out Refinancing 143,818 $45,191,735,000 $314,000 $97,685,000 $116,000 $8,342,000
Other Purpose 27,447 $4,494,515,000 $163,000 $17,855,000 $151,000 $9,023,000
Home Improvement 23,901 $2,988,245,000 $125,000 $13,305,000 $144,000 $9,827,000
Not Applicable 5,493 $1,003,775,000 $182,000 $1,525,000 $58,000 $194,000

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 500,138 $162,962,355,000 $325,000 $34,985,000 $134,000 $9,882,000
Not Provided 109,571 $36,359,650,000 $331,000 $20,005,000 $175,000 $9,999,000
Hispanic 68,109 $18,297,080,000 $268,000 $9,105,000 $92,000 $7,200,000
Not applicable 64,295 $28,743,555,000 $447,000 $99,005,000 $124,000 $7,126,000
Asian 22,201 $7,576,685,000 $341,000 $7,505,000 $134,000 $8,558,000
Black or African American 17,823 $5,217,135,000 $292,000 $22,945,000 $95,000 $6,900,000
American Indian or Alaskan Native 3,809 $1,088,805,000 $285,000 $3,235,000 $102,000 $2,720,000
Native Hawaiian or Other Pacific Islander 1,150 $348,460,000 $303,000 $1,605,000 $105,000 $1,368,000

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) 615,796 $203,822,465,000 $330,000 $99,005,000 $144,000 $9,999,000
VA-guaranteed (Veterans Administration) 98,285 $34,737,425,000 $353,000 $9,995,000 $84,000 $2,135,000
FHA-insured (Federal Housing Administration) 73,240 $22,175,500,000 $302,000 $57,895,000 $73,000 $8,888,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,425 $735,835,000 $303,000 $2,065,000 $94,000 $2,760,000

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 468,247 $158,527,155,000 $338,000 $97,505,000 $140,000 $9,999,000
Application Withdrawn By Applicant 116,076 $39,498,340,000 $340,000 $99,005,000 $136,000 $9,896,000
Loan Purchased By The Institution 81,916 $27,448,150,000 $335,000 $7,505,000 $125,000 $8,888,000
Application Denied By Financial Institution 70,987 $19,913,700,000 $280,000 $57,895,000 $110,000 $8,558,000
File Closed For Incompleteness 31,662 $9,619,360,000 $303,000 $20,005,000 $123,000 $8,888,000
Application Approved But Not Accepted 20,629 $6,389,615,000 $309,000 $48,355,000 $132,000 $8,780,000
Preapproval Approved but not Accepted 127 $48,235,000 $379,000 $1,785,000 $138,000 $3,048,000
Preapproval Denied by Financial Institution 102 $26,670,000 $261,000 $1,005,000 $76,000 $342,000

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 715,895 $240,491,195,000 $335,000 $99,005,000 $137,000 $9,999,000
Debt-To-Income Ratio 23,582 $7,116,505,000 $301,000 $45,205,000 $84,000 $8,342,000
Credit History 16,743 $3,733,215,000 $222,000 $31,775,000 $104,000 $8,558,000
Credit Application Incomplete 10,939 $3,272,035,000 $299,000 $4,505,000 $133,000 $7,621,000
Other 8,857 $2,852,925,000 $322,000 $44,705,000 $140,000 $8,202,000
Collateral 7,929 $2,177,095,000 $274,000 $57,895,000 $149,000 $7,824,000
Unverifiable Information 3,216 $981,140,000 $305,000 $13,405,000 $132,000 $4,426,000
Employment History 1,349 $390,185,000 $289,000 $1,505,000 $88,000 $1,600,000
Insufficient Cash (Downpayment, Closing Cost) 1,221 $452,485,000 $370,000 $7,275,000 $133,000 $1,936,000
Mortgage Insurance Denied 15 $4,445,000 $296,000 $535,000 $78,000 $157,000
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Mortgage Loan Application Totals in 2020 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 33,984 $ 13,845,140,000 $ 407,000 $ 164,000
COLORADO SPRINGS, CO 109,630 $ 32,301,360,000 $ 294,000 $ 106,000
DENVER-AURORA-LAKEWOOD, CO 437,186 $ 149,217,595,000 $ 341,000 $ 140,000
FORT COLLINS, CO 48,461 $ 14,998,230,000 $ 309,000 $ 124,000
GRAND JUNCTION, CO 19,993 $ 4,696,765,000 $ 234,000 $ 92,000
GREELEY, CO 49,953 $ 14,388,245,000 $ 288,000 $ 106,000
PUEBLO, CO 15,798 $ 2,980,680,000 $ 188,000 $ 81,000
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Mortgage Loan Application Totals in 2020 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 71,665 $ 21,142,345,000 $ 295,000 $ 110,000
Alamosa 578 $ 113,740,000 $ 196,000 $ 90,000
Arapahoe 94,189 $ 30,556,225,000 $ 324,000 $ 143,000
Archuleta 2,210 $ 663,450,000 $ 300,000 $ 134,000
Baca 47 $ 6,295,000 $ 133,000 $ 93,000
Bent 96 $ 11,720,000 $ 122,000 $ 61,000
Boulder 33,984 $ 13,845,140,000 $ 407,000 $ 164,000
Broomfield 10,060 $ 3,681,710,000 $ 365,000 $ 151,000
Chaffee 1,996 $ 605,740,000 $ 303,000 $ 131,000
Cheyenne 76 $ 9,040,000 $ 118,000 $ 86,000
Clear Creek 1,606 $ 534,460,000 $ 332,000 $ 137,000
Conejos 220 $ 38,480,000 $ 174,000 $ 111,000
Costilla 166 $ 26,690,000 $ 160,000 $ 81,000
Crowley 117 $ 15,775,000 $ 134,000 $ 66,000
Custer 792 $ 205,690,000 $ 259,000 $ 112,000
Delta 2,882 $ 643,410,000 $ 223,000 $ 78,000
Denver 89,234 $ 33,434,305,000 $ 374,000 $ 156,000
Dolores 139 $ 28,355,000 $ 203,000 $ 91,000
Douglas 72,207 $ 27,346,160,000 $ 378,000 $ 156,000
Eagle 7,790 $ 4,836,785,000 $ 620,000 $ 271,000
El Paso 105,478 $ 31,124,230,000 $ 295,000 $ 107,000
Elbert 5,595 $ 2,036,535,000 $ 363,000 $ 135,000
Fremont 4,274 $ 890,530,000 $ 208,000 $ 79,000
Garfield 7,135 $ 2,414,255,000 $ 338,000 $ 121,000
Gilpin 988 $ 307,800,000 $ 311,000 $ 113,000
Grand 4,286 $ 1,564,650,000 $ 365,000 $ 214,000
Gunnison 2,392 $ 883,720,000 $ 369,000 $ 190,000
Hinsdale 130 $ 36,750,000 $ 282,000 $ 161,000
Huerfano 564 $ 110,640,000 $ 196,000 $ 105,000
Jackson 65 $ 12,625,000 $ 194,000 $ 73,000
Jefferson 87,519 $ 28,966,080,000 $ 330,000 $ 132,000
Kiowa 38 $ 4,770,000 $ 125,000 $ 78,000
Kit Carson 366 $ 58,790,000 $ 160,000 $ 74,000
La Plata 6,388 $ 2,121,210,000 $ 332,000 $ 137,000
Lake 843 $ 218,585,000 $ 259,000 $ 110,000
Larimer 48,463 $ 14,998,830,000 $ 309,000 $ 124,000
Las Animas 781 $ 150,115,000 $ 192,000 $ 80,000
Lincoln 316 $ 53,520,000 $ 169,000 $ 77,000
Logan 1,265 $ 224,935,000 $ 177,000 $ 81,000
Mesa 19,993 $ 4,696,765,000 $ 234,000 $ 92,000
Mineral 102 $ 26,560,000 $ 260,000 $ 170,000
Moffat 961 $ 179,655,000 $ 186,000 $ 79,000
Montezuma 1,834 $ 412,960,000 $ 225,000 $ 91,000
Montrose 3,992 $ 939,350,000 $ 235,000 $ 87,000
Morgan 2,287 $ 503,635,000 $ 220,000 $ 87,000
Otero 729 $ 101,165,000 $ 138,000 $ 65,000
Ouray 713 $ 236,025,000 $ 331,000 $ 135,000
Park 4,123 $ 1,211,255,000 $ 293,000 $ 126,000
Phillips 235 $ 40,505,000 $ 172,000 $ 79,000
Pitkin 2,500 $ 3,847,270,000 $ 1,538,000 $ 517,000
Prowers 280 $ 37,200,000 $ 132,000 $ 67,000
Pueblo 15,798 $ 2,980,680,000 $ 188,000 $ 81,000
Rio Blanco 554 $ 116,120,000 $ 209,000 $ 89,000
Rio Grande 626 $ 127,210,000 $ 203,000 $ 108,000
Routt 3,794 $ 1,688,330,000 $ 445,000 $ 222,000
Saguache 289 $ 58,205,000 $ 201,000 $ 84,000
San Juan 100 $ 22,390,000 $ 223,000 $ 164,000
San Miguel 1,187 $ 952,255,000 $ 802,000 $ 407,000
Sedgwick 108 $ 12,580,000 $ 116,000 $ 65,000
Summit 7,849 $ 3,682,985,000 $ 469,000 $ 256,000
Teller 4,151 $ 1,177,485,000 $ 283,000 $ 103,000
Washington 272 $ 45,370,000 $ 166,000 $ 75,000
Weld 49,951 $ 14,387,645,000 $ 288,000 $ 106,000
Yuma 378 $ 63,540,000 $ 168,000 $ 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