Credit Union of Colorado, A Federal Credit Union Mortgage Lending & HMDA Data, 2019
In 2019, Credit Union of Colorado, A Federal Credit Union of Denver, CO reported 3,200 mortgage applications totaling $403.0 million, up 10% from 2018. The average application was for $125,950, and applicants reported an average income of $94,442. 60% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Denver-Aurora-Lakewood, CO (1,870), Greeley, CO (310) and Grand Junction, CO (241) (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 | 3,200 |
| Total Mortgage Loan Application Amount | $403,040,000 |
| Average Mortgage Loan Application Amount | $125,950 |
| Highest Mortgage Loan Application Amount | $705,000 |
| Average Applicant Income | $94,442 |
| Highest Applicant Income | $2,999,000 |
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of Colorado, A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2019
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 |
|---|---|---|---|---|---|---|
| Home Improvement | 954 | $75,100,000 | $78,000 | $555,000 | $98,000 | $2,999,000 |
| Cash-out Refinancing | 908 | $110,560,000 | $121,000 | $645,000 | $92,000 | $976,000 |
| Refinancing | 654 | $136,980,000 | $209,000 | $705,000 | $98,000 | $385,000 |
| Other Purpose | 458 | $33,550,000 | $73,000 | $485,000 | $88,000 | $767,000 |
| Home Purchase | 226 | $46,850,000 | $207,000 | $515,000 | $92,000 | $581,000 |
| 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 | 2,250 | $282,110,000 | $125,000 | $705,000 | $96,000 | $976,000 |
| Hispanic | 504 | $60,980,000 | $120,000 | $675,000 | $83,000 | $533,000 |
| Not Provided | 238 | $33,710,000 | $141,000 | $625,000 | $102,000 | $240,000 |
| Black or African American | 114 | $14,130,000 | $123,000 | $485,000 | $80,000 | $250,000 |
| Asian | 43 | $6,615,000 | $153,000 | $485,000 | $157,000 | $2,999,000 |
| American Indian or Alaskan Native | 25 | $2,905,000 | $116,000 | $355,000 | $95,000 | $296,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $630,000 | $105,000 | $275,000 | $80,000 | $105,000 |
| 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) | 3,187 | $399,655,000 | $125,000 | $705,000 | $94,000 | $2,999,000 |
| FHA-insured (Federal Housing Administration) | 13 | $3,385,000 | $260,000 | $405,000 | $69,000 | $197,000 |
| 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 | 1,904 | $227,490,000 | $119,000 | $705,000 | $101,000 | $2,999,000 |
| Application Approved But Not Accepted | 783 | $117,125,000 | $149,000 | $585,000 | $89,000 | $500,000 |
| Application Denied By Financial Institution | 443 | $47,515,000 | $107,000 | $515,000 | $73,000 | $767,000 |
| Application Withdrawn By Applicant | 70 | $10,910,000 | $155,000 | $565,000 | $119,000 | $976,000 |
| 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 | 2,757 | $355,525,000 | $128,000 | $705,000 | $98,000 | $2,999,000 |
| Debt-To-Income Ratio | 219 | $23,235,000 | $106,000 | $515,000 | $51,000 | $300,000 |
| Credit History | 100 | $9,140,000 | $91,000 | $405,000 | $76,000 | $256,000 |
| Collateral | 83 | $10,095,000 | $121,000 | $485,000 | $120,000 | $767,000 |
| Employment History | 18 | $2,640,000 | $146,000 | $385,000 | $87,000 | $204,000 |
| Unverifiable Information | 14 | $1,180,000 | $84,000 | $225,000 | $80,000 | $240,000 |
| Other | 5 | $335,000 | $67,000 | $155,000 | $119,000 | $176,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $685,000 | $228,000 | $235,000 | $57,000 | $90,000 |
| Credit Application Incomplete | 1 | $205,000 | $205,000 | $205,000 | $122,000 | $122,000 |
| 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 2019 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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