5star Bank Mortgage Lending & HMDA Data, 2011
In 2011, 5star Bank of Colorado Springs, CO reported 90 mortgage applications totaling $21.3 million, up 8900% from 2010. The average application was for $236,633, and applicants reported an average income of $223,900. 30% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Colorado Springs, CO (25), Washington-Arlington-Alexandria, DC-VA-MD-WV (5) and Columbia, SC (4) (applications in parentheses).
| Mortgage Company & Address | 5star Bank 104 S Cascade Ave, Ste 102 Colorado Springs, CO 80903 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 90 |
| Total Mortgage Loan Application Amount | $21,297,000 |
| Average Mortgage Loan Application Amount | $236,633 |
| Highest Mortgage Loan Application Amount | $725,000 |
| Average Applicant Income | $223,900 |
| Highest Applicant Income | $2,811,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records 5star Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for 5star Bank in 2011
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 | 65 | $13,992,000 | $215,000 | $572,000 | $241,000 | $2,811,000 |
| Home Purchase | 24 | $7,250,000 | $302,000 | $725,000 | $185,000 | $897,000 |
| Home Improvement | 1 | $55,000 | $55,000 | $55,000 | $46,000 | $46,000 |
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 | 59 | $15,588,000 | $264,000 | $725,000 | $282,000 | $2,811,000 |
| Not Provided | 13 | $2,567,000 | $197,000 | $572,000 | $115,000 | $246,000 |
| Black or African American | 10 | $1,549,000 | $154,000 | $382,000 | $120,000 | $250,000 |
| Hispanic | 5 | $1,265,000 | $253,000 | $417,000 | $116,000 | $281,000 |
| Asian | 3 | $328,000 | $109,000 | $145,000 | $81,000 | $149,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 70 | $16,335,000 | $233,000 | $652,000 | $257,000 | $2,811,000 |
| VA-guaranteed (Veterans Administration) | 20 | $4,962,000 | $248,000 | $725,000 | $110,000 | $390,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 27 | $6,713,000 | $248,000 | $652,000 | $341,000 | $2,811,000 |
| Application Denied By Financial Institution | 23 | $5,160,000 | $224,000 | $725,000 | $221,000 | $1,555,000 |
| Application Approved But Not Accepted | 22 | $5,532,000 | $251,000 | $554,000 | $179,000 | $1,357,000 |
| Application Withdrawn By Applicant | 16 | $3,673,000 | $229,000 | $572,000 | $110,000 | $263,000 |
| File Closed For Incompleteness | 2 | $219,000 | $109,000 | $141,000 | $83,000 | $128,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 12 | $2,451,000 | $204,000 | $583,000 | $292,000 | $1,555,000 |
| Debt-To-Income Ratio | 5 | $1,465,000 | $293,000 | $725,000 | $107,000 | $246,000 |
| Credit Application Incomplete | 2 | $400,000 | $200,000 | $268,000 | $108,000 | $167,000 |
| Credit History | 2 | $264,000 | $132,000 | $189,000 | $79,000 | $121,000 |
| Other | 1 | $163,000 | $163,000 | $163,000 | $78,000 | $78,000 |
| Unverifiable Information | 1 | $417,000 | $417,000 | $417,000 | $600,000 | $600,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into 5star Bank's 2011 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess 5star Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Colorado, download the full spreadsheet
with aggregated HMDA statistics today.
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