Credit Union of Colorado, A Federal Credit Union Mortgage Lending & HMDA Data, 2021
In 2021, Credit Union of Colorado, A Federal Credit Union of Denver, CO reported 3,881 mortgage applications totaling $701.6 million, down 10% from 2020. The average application was for $180,787, and applicants reported an average income of $104,753. 61% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Denver-Aurora-Lakewood, CO (2,125), Greeley, CO (355) and Grand Junction, CO (255) (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 | 3,881 |
| Total Mortgage Loan Application Amount | $701,635,000 |
| Average Mortgage Loan Application Amount | $180,787 |
| Highest Mortgage Loan Application Amount | $1,205,000 |
| Average Applicant Income | $104,753 |
| Highest Applicant Income | $8,826,000 |
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of Colorado, A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2021
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 |
|---|---|---|---|---|---|---|
| Other Purpose | 1,190 | $153,730,000 | $129,000 | $835,000 | $101,000 | $1,858,000 |
| Cash-out Refinancing | 1,188 | $225,830,000 | $190,000 | $1,205,000 | $99,000 | $566,000 |
| Refinancing | 647 | $158,215,000 | $244,000 | $1,085,000 | $108,000 | $2,820,000 |
| Home Improvement | 546 | $78,660,000 | $144,000 | $705,000 | $105,000 | $370,000 |
| Home Purchase | 310 | $85,200,000 | $274,000 | $1,205,000 | $134,000 | $8,826,000 |
| 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 | 2,541 | $455,055,000 | $179,000 | $1,205,000 | $109,000 | $8,826,000 |
| Hispanic | 613 | $97,525,000 | $159,000 | $705,000 | $84,000 | $468,000 |
| Not Provided | 517 | $107,035,000 | $207,000 | $1,205,000 | $107,000 | $482,000 |
| Black or African American | 99 | $19,515,000 | $197,000 | $605,000 | $114,000 | $2,820,000 |
| Asian | 51 | $10,355,000 | $203,000 | $645,000 | $113,000 | $365,000 |
| American Indian or Alaskan Native | 38 | $7,160,000 | $188,000 | $625,000 | $83,000 | $181,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $1,590,000 | $159,000 | $365,000 | $109,000 | $198,000 |
| 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) | 3,858 | $698,860,000 | $181,000 | $1,205,000 | $102,000 | $2,820,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 23 | $2,775,000 | $120,000 | $775,000 | $500,000 | $8,826,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 2,373 | $411,615,000 | $173,000 | $1,205,000 | $107,000 | $697,000 |
| Application Withdrawn By Applicant | 659 | $130,225,000 | $197,000 | $1,205,000 | $117,000 | $8,826,000 |
| Application Approved But Not Accepted | 445 | $94,635,000 | $212,000 | $1,205,000 | $100,000 | $470,000 |
| Application Denied By Financial Institution | 384 | $62,520,000 | $162,000 | $1,205,000 | $71,000 | $737,000 |
| File Closed For Incompleteness | 20 | $2,640,000 | $132,000 | $395,000 | $113,000 | $377,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 3,497 | $639,115,000 | $182,000 | $1,205,000 | $108,000 | $8,826,000 |
| Debt-To-Income Ratio | 154 | $27,310,000 | $177,000 | $805,000 | $47,000 | $250,000 |
| Credit History | 109 | $15,185,000 | $139,000 | $465,000 | $82,000 | $360,000 |
| Collateral | 66 | $9,170,000 | $138,000 | $945,000 | $86,000 | $737,000 |
| Employment History | 25 | $3,905,000 | $156,000 | $435,000 | $79,000 | $245,000 |
| Other | 16 | $3,110,000 | $194,000 | $525,000 | $133,000 | $468,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $1,810,000 | $226,000 | $375,000 | $73,000 | $138,000 |
| Unverifiable Information | 6 | $2,030,000 | $338,000 | $1,205,000 | $82,000 | $120,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2021 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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