Credit Union of Colorado, A Federal Credit Union Mortgage Lending & HMDA Data, 2018
In 2018, Credit Union of Colorado, A Federal Credit Union of Denver, CO reported 2,905 mortgage applications totaling $276.6 million, up 124% from 2017. The average application was for $95,199, and applicants reported an average income of $90,535. 60% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Denver-Aurora-Lakewood, CO (1,748), Greeley, CO (312) and Fort Collins, CO (157) (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 | 2,905 |
| Total Mortgage Loan Application Amount | $276,555,000 |
| Average Mortgage Loan Application Amount | $95,199 |
| Highest Mortgage Loan Application Amount | $675,000 |
| Average Applicant Income | $90,535 |
| Highest Applicant Income | $1,430,000 |
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of Colorado, A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2018
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 1,676 | $150,760,000 | $89,000 | $555,000 | $91,000 | $1,430,000 |
| Home Improvement | 755 | $53,505,000 | $70,000 | $475,000 | $91,000 | $492,000 |
| Refinancing | 168 | $25,960,000 | $154,000 | $595,000 | $90,000 | $1,170,000 |
| Home Purchase | 166 | $36,110,000 | $217,000 | $675,000 | $94,000 | $472,000 |
| Other Purpose | 140 | $10,220,000 | $73,000 | $465,000 | $79,000 | $272,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 2,030 | $194,070,000 | $95,000 | $675,000 | $94,000 | $1,430,000 |
| Hispanic | 424 | $37,650,000 | $88,000 | $445,000 | $76,000 | $258,000 |
| Not Provided | 260 | $25,540,000 | $98,000 | $545,000 | $95,000 | $550,000 |
| Black or African American | 92 | $8,690,000 | $94,000 | $455,000 | $82,000 | $294,000 |
| American Indian or Alaskan Native | 40 | $3,910,000 | $97,000 | $485,000 | $77,000 | $175,000 |
| Asian | 39 | $4,005,000 | $102,000 | $305,000 | $84,000 | $247,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $100,000 | $50,000 | $65,000 | $73,000 | $87,000 |
| 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) | 2,888 | $272,570,000 | $94,000 | $675,000 | $91,000 | $1,430,000 |
| FHA-insured (Federal Housing Administration) | 17 | $3,985,000 | $234,000 | $385,000 | $87,000 | $195,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 1,757 | $153,025,000 | $87,000 | $505,000 | $96,000 | $727,000 |
| Application Approved But Not Accepted | 663 | $73,155,000 | $110,000 | $675,000 | $90,000 | $1,430,000 |
| Application Denied By Financial Institution | 399 | $39,405,000 | $98,000 | $595,000 | $68,000 | $1,170,000 |
| Application Withdrawn By Applicant | 86 | $10,970,000 | $127,000 | $455,000 | $85,000 | $362,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,506 | $237,150,000 | $94,000 | $675,000 | $94,000 | $1,430,000 |
| Debt-To-Income Ratio | 179 | $16,945,000 | $94,000 | $505,000 | $43,000 | $128,000 |
| Credit History | 138 | $14,500,000 | $105,000 | $435,000 | $87,000 | $1,170,000 |
| Collateral | 44 | $4,170,000 | $94,000 | $595,000 | $98,000 | $202,000 |
| Employment History | 21 | $2,135,000 | $101,000 | $555,000 | $76,000 | $248,000 |
| Unverifiable Information | 10 | $670,000 | $67,000 | $145,000 | $95,000 | $165,000 |
| Other | 4 | $440,000 | $110,000 | $255,000 | $100,000 | $193,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $545,000 | $181,000 | $255,000 | $79,000 | $104,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Credit Union of Colorado, A Federal Credit Union's 2018 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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