Credit Union of Colorado, A Federal Credit Union Mortgage Lending & HMDA Data, 2016
In 2016, Credit Union of Colorado, A Federal Credit Union of Denver, CO reported 1,638 mortgage applications totaling $276.8 million, down 15% from 2015. The average application was for $168,973, and applicants reported an average income of $84,227. 50% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Denver-Aurora-Lakewood, CO (955), Greeley, CO (157) and Pueblo, CO (96) (applications in parentheses).
| Mortgage Company & Address | Credit Union of Colorado, A Federal Credit Union 1390 Logan Street Denver, CO 80217 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 1,638 |
| Total Mortgage Loan Application Amount | $276,779,000 |
| Average Mortgage Loan Application Amount | $168,973 |
| Highest Mortgage Loan Application Amount | $650,000 |
| Average Applicant Income | $84,227 |
| Highest Applicant Income | $1,266,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Credit Union of Colorado, A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Credit Union of Colorado, A Federal Credit Union in 2016
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 | 1,052 | $167,942,000 | $159,000 | $650,000 | $82,000 | $1,266,000 |
| Home Improvement | 316 | $53,468,000 | $169,000 | $450,000 | $85,000 | $280,000 |
| Home Purchase | 270 | $55,369,000 | $205,000 | $616,000 | $92,000 | $660,000 |
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 | 1,095 | $193,280,000 | $176,000 | $616,000 | $86,000 | $1,266,000 |
| Hispanic | 261 | $41,104,000 | $157,000 | $650,000 | $72,000 | $338,000 |
| Not Provided | 186 | $25,122,000 | $135,000 | $640,000 | $91,000 | $441,000 |
| Black or African American | 54 | $9,923,000 | $183,000 | $423,000 | $79,000 | $248,000 |
| Asian | 25 | $4,253,000 | $170,000 | $360,000 | $84,000 | $275,000 |
| American Indian or Alaskan Native | 15 | $2,721,000 | $181,000 | $417,000 | $93,000 | $300,000 |
| Native Hawaiin or Other Pacific Islander | 2 | $376,000 | $188,000 | $290,000 | $144,000 | $181,000 |
| 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) | 1,601 | $269,564,000 | $168,000 | $650,000 | $85,000 | $1,266,000 |
| FHA-insured (Federal Housing Administration) | 20 | $3,806,000 | $190,000 | $321,000 | $90,000 | $420,000 |
| VA-guaranteed (Veterans Administration) | 17 | $3,409,000 | $200,000 | $386,000 | $68,000 | $120,000 |
| 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 | 811 | $139,329,000 | $171,000 | $616,000 | $89,000 | $1,266,000 |
| Application Approved But Not Accepted | 391 | $70,346,000 | $179,000 | $511,000 | $92,000 | $451,000 |
| Application Denied By Financial Institution | 331 | $50,602,000 | $152,000 | $640,000 | $66,000 | $660,000 |
| Application Withdrawn By Applicant | 100 | $15,869,000 | $158,000 | $650,000 | $83,000 | $420,000 |
| File Closed For Incompleteness | 5 | $633,000 | $126,000 | $156,000 | $60,000 | $88,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 113 | $17,993,000 | $159,000 | $471,000 | $45,000 | $146,000 |
| Credit History | 107 | $16,685,000 | $155,000 | $415,000 | $82,000 | $660,000 |
| Credit Application Incomplete | 43 | $5,601,000 | $130,000 | $356,000 | $78,000 | $218,000 |
| Collateral | 32 | $4,101,000 | $128,000 | $372,000 | $62,000 | $132,000 |
| Other | 13 | $2,989,000 | $229,000 | $640,000 | $83,000 | $156,000 |
| Employment History | 12 | $1,673,000 | $139,000 | $286,000 | $36,000 | $71,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $792,000 | $132,000 | $205,000 | $151,000 | $544,000 |
| Unverifiable Information | 5 | $768,000 | $153,000 | $275,000 | $64,000 | $104,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Credit Union of Colorado, A Federal Credit Union's 2016 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 Credit Union of Colorado, A Federal Credit Union'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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