Credit Union of Colorado, A Fe Mortgage Lending & HMDA Data, 2003
In 2003, Credit Union of Colorado, A Fe of Denver, CO reported 1,299 mortgage applications totaling $106.6 million. The average application was for $82,073, and applicants reported an average income of $75,725. 93% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Denver, CO (543), Pueblo, CO (181) and Grand Junction, CO (106) (applications in parentheses).
| Mortgage Company & Address | Credit Union of Colorado, A Fe 1390 Logan Street Denver, CO 80203 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,299 |
| Total Mortgage Loan Application Amount | $106,614,000 |
| Average Mortgage Loan Application Amount | $82,073 |
| Highest Mortgage Loan Application Amount | $394,000 |
| Average Applicant Income | $75,725 |
| Highest Applicant Income | $972,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Credit Union of Colorado, A Fe filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Fe in 2003
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 (home purchase or home improvement, one-to-four family) | 1,069 | $95,220,000 | $85,000 | $394,000 | $70,000 | $876,000 |
| Home Improvement (one-to-four family) | 179 | $6,777,000 | $35,500 | $224,000 | $68,500 | $792,000 |
| Home Purchase (one-to-four family) | 51 | $4,617,000 | $83,000 | $315,000 | $88,500 | $972,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 958 | $78,670,000 | $79,500 | $365,000 | $69,500 | $972,000 |
| Hispanic | 182 | $13,411,000 | $71,000 | $255,000 | $60,500 | $528,000 |
| Information not provided by applicant in mail or telephone application | 104 | $9,057,000 | $80,000 | $394,000 | $65,500 | $876,000 |
| Black | 33 | $3,161,000 | $95,000 | $200,000 | $128,000 | $792,000 |
| Other | 12 | $1,204,000 | $85,000 | $210,000 | $64,500 | $130,000 |
| Asian or Pacific Islander | 7 | $744,000 | $135,000 | $176,000 | $117,000 | $145,000 |
| American Indian or Alaskan Native | 3 | $367,000 | $122,000 | $214,000 | $107,000 | $131,000 |
| 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) | 1,298 | $106,587,000 | $79,000 | $394,000 | $71,000 | $972,000 |
| VA-guaranteed (Veterans Administration) | 1 | $27,000 | $27,000 | $27,000 | $46,000 | $46,000 |
| 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 |
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 | 1,202 | $98,664,000 | $79,000 | $394,000 | $78,000 | $876,000 |
| Application Withdrawn By Applicant | 54 | $4,951,000 | $86,000 | $323,000 | $80,000 | $732,000 |
| Application Denied By Financial Institution | 41 | $2,937,000 | $69,000 | $250,000 | $62,500 | $972,000 |
| Application Approved But Not Accepted | 2 | $62,000 | $31,000 | $50,000 | $31,000 | $50,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 19 | $1,566,000 | $90,000 | $250,000 | $73,500 | $972,000 |
| Credit History | 8 | $566,000 | $70,500 | $148,000 | $55,000 | $100,000 |
| Collateral | 7 | $451,000 | $64,000 | $112,000 | $53,000 | $84,000 |
| Other | 3 | $89,000 | $29,500 | $32,000 | $61,000 | $119,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $25,000 | $25,000 | $25,000 | $30,000 | $30,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Credit Union of Colorado, A Fe's 2003 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 Fe'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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