Credit Union of Colorado, A Federal Credit Union Mortgage Lending & HMDA Data, 2023
In 2023, Credit Union of Colorado, A Federal Credit Union of Denver, CO reported 2,569 mortgage applications totaling $331.5 million, down 21% from 2022. The average application was for $129,024, and applicants reported an average income of $118,838. 65% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Denver-Aurora-Lakewood, CO (1,381), Grand Junction, CO (226) and Greeley, CO (203) (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 | 2,569 |
| Total Mortgage Loan Application Amount | $331,465,000 |
| Average Mortgage Loan Application Amount | $129,024 |
| Highest Mortgage Loan Application Amount | $1,785,000 |
| Average Applicant Income | $118,838 |
| Highest Applicant Income | $6,030,000 |
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of Colorado, A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2023
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 | 1,958 | $203,860,000 | $104,000 | $595,000 | $118,000 | $6,030,000 |
| Cash-out Refinancing | 422 | $63,050,000 | $149,000 | $1,785,000 | $113,000 | $1,261,000 |
| Home Purchase | 161 | $57,685,000 | $358,000 | $1,415,000 | $141,000 | $445,000 |
| Refinancing | 28 | $6,870,000 | $245,000 | $685,000 | $138,000 | $446,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 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 | 1,462 | $188,720,000 | $129,000 | $785,000 | $116,000 | $1,261,000 |
| Not Provided | 569 | $82,765,000 | $145,000 | $1,785,000 | $138,000 | $6,030,000 |
| Hispanic | 407 | $43,695,000 | $107,000 | $645,000 | $105,000 | $2,520,000 |
| Black or African American | 70 | $8,160,000 | $116,000 | $895,000 | $102,000 | $393,000 |
| Asian | 37 | $5,845,000 | $157,000 | $735,000 | $105,000 | $446,000 |
| American Indian or Alaskan Native | 24 | $2,280,000 | $95,000 | $475,000 | $82,000 | $231,000 |
| 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) | 2,569 | $331,465,000 | $129,000 | $1,785,000 | $119,000 | $6,030,000 |
| 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 |
| 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 | 1,659 | $201,385,000 | $121,000 | $1,415,000 | $120,000 | $637,000 |
| Application Withdrawn By Applicant | 455 | $70,285,000 | $154,000 | $805,000 | $127,000 | $1,320,000 |
| Application Denied By Financial Institution | 319 | $39,515,000 | $123,000 | $1,785,000 | $104,000 | $6,030,000 |
| Application Approved But Not Accepted | 73 | $12,785,000 | $175,000 | $775,000 | $120,000 | $685,000 |
| File Closed For Incompleteness | 63 | $7,495,000 | $118,000 | $735,000 | $103,000 | $255,000 |
| 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 | 2,250 | $291,950,000 | $129,000 | $1,415,000 | $121,000 | $1,320,000 |
| Debt-To-Income Ratio | 190 | $22,090,000 | $116,000 | $595,000 | $75,000 | $2,520,000 |
| Credit History | 71 | $7,805,000 | $109,000 | $435,000 | $83,000 | $336,000 |
| Collateral | 34 | $3,710,000 | $109,000 | $405,000 | $272,000 | $6,030,000 |
| Employment History | 12 | $1,440,000 | $120,000 | $505,000 | $114,000 | $343,000 |
| Other | 5 | $555,000 | $111,000 | $305,000 | $123,000 | $197,000 |
| Unverifiable Information | 4 | $3,630,000 | $907,000 | $1,785,000 | $355,000 | $603,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $285,000 | $95,000 | $145,000 | $63,000 | $86,000 |
| 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 2023 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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