Partner Colorado Credit Union Mortgage Lending & HMDA Data, 2011

In 2011, Partner Colorado Credit Union of Arvada, CO reported 93 mortgage applications totaling $3.6 million, down 34% from 2010. The average application was for $38,505, and applicants reported an average income of $56,903. 53% of its applications resulted in an originated loan and 33% were denied. Its largest markets were Denver-Aurora-Broomfield, CO (84), Greeley, CO (2) and Boulder, CO (1) (applications in parentheses).

Mortgage Company & Address Partner Colorado Credit Union
6221 Sheridan Blvd
Arvada, CO 80003
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 93
Total Mortgage Loan Application Amount $3,581,000
Average Mortgage Loan Application Amount $38,505
Highest Mortgage Loan Application Amount $407,000
Average Applicant Income $56,903
Highest Applicant Income $235,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Partner Colorado Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Partner Colorado Credit Union in 2011

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 69 $1,144,000 $16,000 $137,000 $56,000 $235,000
Refinancing 18 $1,861,000 $103,000 $407,000 $68,000 $167,000
Home Purchase 6 $576,000 $96,000 $171,000 $34,000 $60,000

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 41 $1,678,000 $40,000 $194,000 $59,000 $235,000
Not Provided 23 $485,000 $21,000 $165,000 $55,000 $180,000
Hispanic 17 $663,000 $39,000 $146,000 $54,000 $158,000
Black or African American 6 $567,000 $94,000 $407,000 $70,000 $167,000
Asian 5 $180,000 $36,000 $60,000 $40,000 $68,000
Native Hawaiian or Other Pacific Islander 1 $8,000 $8,000 $8,000 $65,000 $65,000
Not applicable 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 93 $3,581,000 $38,000 $407,000 $57,000 $235,000
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 49 $2,061,000 $42,000 $194,000 $56,000 $235,000
Application Denied By Financial Institution 31 $677,000 $21,000 $165,000 $54,000 $158,000
Application Withdrawn By Applicant 12 $817,000 $68,000 $407,000 $66,000 $167,000
File Closed For Incompleteness 1 $26,000 $26,000 $26,000 $79,000 $79,000
Application Approved But Not Accepted 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
Credit History 19 $250,000 $13,000 $100,000 $55,000 $158,000
Credit Application Incomplete 5 $244,000 $48,000 $165,000 $48,000 $94,000
Other 4 $142,000 $35,000 $60,000 $47,000 $78,000
Collateral 2 $33,000 $16,000 $18,000 $52,000 $55,000
Debt-To-Income Ratio 1 $8,000 $8,000 $8,000 $90,000 $90,000
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
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Partner Colorado Credit Union's 2011 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 Partner Colorado 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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