Credit Union Strategic Partner Mortgage Lending & HMDA Data, 2005
In 2005, Credit Union Strategic Partner of Arvada, CO reported 226 mortgage applications totaling $31.6 million. The average application was for $139,699, and applicants reported an average income of $53,336. 42% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Denver-Aurora, CO (43), Greeley, CO (8) and Grand Junction, CO (5) (applications in parentheses).
| Mortgage Company & Address | Credit Union Strategic Partner 4905 West 60th Avenue Arvada, CO 80003 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 |
| Total Number of Mortgage Applications | 226 |
| Total Mortgage Loan Application Amount | $31,572,000 |
| Average Mortgage Loan Application Amount | $139,699 |
| Highest Mortgage Loan Application Amount | $386,000 |
| Average Applicant Income | $53,336 |
| Highest Applicant Income | $295,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Credit Union Strategic Partner filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Denver-Aurora, CO | 43 | $ 6,287,000 | $ 146,209 | $ 48,000 |
| Greeley, CO | 8 | $ 1,462,000 | $ 182,750 | $ 57,000 |
| Grand Junction, CO | 5 | $ 659,000 | $ 131,800 | $ 49,000 |
| Pueblo, CO | 5 | $ 718,000 | $ 143,600 | $ 49,000 |
| Casper, WY | 4 | $ 490,000 | $ 122,500 | $ 58,000 |
| Boulder, CO | 2 | $ 516,000 | $ 258,000 | $ 68,000 |
| Colorado Springs, CO | 2 | $ 258,000 | $ 129,000 | $ 63,000 |
| Fort Collins-Loveland, CO | 2 | $ 307,000 | $ 153,500 | $ 84,000 |
| Fort Worth-Arlington, TX | 1 | $ 80,000 | $ 80,000 | $ 72,000 |
| Santa Fe, NM | 1 | $ 189,000 | $ 189,000 | $ 55,000 |
Mortgage Loan Application Detail Totals for Credit Union Strategic Partner in 2005
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 Purchase | 121 | $17,221,000 | $139,833 | $386,000 | $60,166 | $159,000 |
| Refinancing | 105 | $14,351,000 | $144,000 | $315,000 | $61,000 | $295,000 |
| 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 | 207 | $28,754,000 | $142,416 | $386,000 | $63,500 | $295,000 |
| Hispanic | 12 | $1,774,000 | $145,500 | $229,000 | $41,000 | $90,000 |
| American Indian or Alaskan Native | 4 | $582,000 | $145,000 | $200,000 | $47,500 | $89,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $86,000 | $86,000 | $86,000 | $27,000 | $27,000 |
| Black or African American | 1 | $190,000 | $190,000 | $190,000 | $49,000 | $49,000 |
| Not Provided | 1 | $186,000 | $186,000 | $186,000 | $47,000 | $47,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 225 | $31,366,000 | $143,083 | $386,000 | $62,583 | $295,000 |
| VA-guaranteed (Veterans Administration) | 1 | $206,000 | $206,000 | $206,000 | $50,000 | $50,000 |
| 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 | 96 | $11,788,000 | $113,285 | $304,000 | $59,857 | $159,000 |
| Application Withdrawn By Applicant | 85 | $12,762,000 | $155,625 | $386,000 | $60,125 | $131,000 |
| Application Denied By Financial Institution | 37 | $5,929,000 | $149,600 | $280,000 | $57,800 | $295,000 |
| Preapproval Denied by Financial Institution | 8 | $1,093,000 | $128,333 | $190,000 | $41,000 | $60,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Credit Union Strategic Partner's 2005 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 Strategic Partner'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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