Conejos County, CO Mortgage Lenders & HMDA Data, 2010

In 2010, lenders reported 131 mortgage applications in Conejos County, CO totaling $21.8 million, down 23% from 2009. The average application was for $166,000, and applicants reported an average income of $77,000. 34% of applications resulted in an originated loan and 27% were denied. The most active lender was Bank of America, N.A., with 17 applications, followed by Wells Fargo Bank, NA and Ally Bank F/K/A/ Gmac Bank.

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Total Number of Mortgage Applications 131
Total Mortgage Loan Application Amount $21,772,000
Average Mortgage Loan Application Amount $166,000
Highest Mortgage Loan Application Amount $1,039,000
Average Applicant Income $77,000
Highest Applicant Income $1,384,000
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Top Mortgage Lenders in Conejos County, CO (2010)

Ranked by the number of mortgage applications each lender reported in Conejos County, CO in 2010.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Bank of America, N.A.
Calabasas, CA
17 $2,889,000 $169,000 $69,000
2 Wells Fargo Bank, NA
Winston-Salem, NC
11 $1,186,000 $107,000 $89,000
3 Ally Bank F/K/A/ Gmac Bank
Ft. Washington, PA
10 $1,161,000 $116,000 $38,000
4 Mortgage Solutions of Co, LLC
Colorado Springs, CO
7 $773,000 $110,000 $46,000
5 Community Banks of Colorado
Pueblo, CO
6 $463,000 $77,000 $63,000
6 US Bank, N.A.
Milwaukee, WI
6 $2,213,000 $368,000 $90,000
7 Citimortgage, Inc
New York, NY
5 $490,000 $98,000 $79,000
8 Gmac Mortgage LLC
Ft. Washington, PA
4 $460,000 $115,000 $0
9 Citifinancial Corporation
Baltimore, MD
4 $191,000 $47,000 $37,000
10 Credit Union of Colorado, A Fe
Denver, CO
4 $669,000 $167,000 $70,000

See every lender active in Conejos County, CO in 2010 »

The tables below break down 2010 mortgage applications in Conejos County, CO by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Conejos County, CO in 2010

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 94 $17,215,000 $183,000 $1,039,000 $83,000 $1,384,000
Home Purchase 29 $4,010,000 $138,000 $595,000 $59,000 $332,000
Home Improvement 8 $547,000 $68,000 $265,000 $65,000 $154,000

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 69 $11,221,000 $162,000 $1,039,000 $97,000 $1,384,000
Hispanic 26 $2,262,000 $87,000 $250,000 $65,000 $218,000
Not Provided 22 $6,389,000 $290,000 $999,000 $71,000 $208,000
Not applicable 11 $1,428,000 $129,000 $412,000 $5,000 $62,000
Asian 2 $400,000 $200,000 $201,000 $0 $0
American Indian or Alaskan Native 1 $72,000 $72,000 $72,000 $55,000 $55,000
Black or African American 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0

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) 83 $15,837,000 $190,000 $1,039,000 $101,000 $1,384,000
FHA-insured (Federal Housing Administration) 42 $5,321,000 $126,000 $265,000 $34,000 $133,000
VA-guaranteed (Veterans Administration) 6 $614,000 $102,000 $181,000 $32,000 $99,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

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 44 $7,093,000 $161,000 $980,000 $104,000 $1,384,000
Application Denied By Financial Institution 36 $7,027,000 $195,000 $1,039,000 $76,000 $210,000
Loan Purchased By The Institution 22 $3,016,000 $137,000 $412,000 $31,000 $137,000
Application Withdrawn By Applicant 12 $1,344,000 $112,000 $191,000 $81,000 $222,000
Application Approved But Not Accepted 9 $1,777,000 $197,000 $960,000 $63,000 $190,000
File Closed For Incompleteness 8 $1,515,000 $189,000 $409,000 $61,000 $210,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

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
Collateral 11 $4,280,000 $389,000 $1,039,000 $87,000 $210,000
Credit History 9 $603,000 $67,000 $182,000 $68,000 $154,000
Credit Application Incomplete 3 $523,000 $174,000 $230,000 $123,000 $184,000
Other 2 $314,000 $157,000 $219,000 $124,000 $187,000
Debt-To-Income Ratio 2 $225,000 $112,000 $127,000 $5,000 $10,000
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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