Equitable Savings & Loan Assoc Mortgage Lending & HMDA Data, 2018
In 2018, Equitable Savings & Loan Assoc of Sterling, CO reported 308 mortgage applications totaling $44.1 million, down 18% from 2017. The average application was for $143,279, and applicants reported an average income of $82,837. 63% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Fort Collins, CO (26), Greeley, CO (9) and Denver-Aurora-Lakewood, CO (7) (applications in parentheses).
| Mortgage Company & Address | Equitable Savings & Loan Assoc Po Box 1726 Sterling, CO 80751 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 308 |
| Total Mortgage Loan Application Amount | $44,130,000 |
| Average Mortgage Loan Application Amount | $143,279 |
| Highest Mortgage Loan Application Amount | $855,000 |
| Average Applicant Income | $82,837 |
| Highest Applicant Income | $879,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Equitable Savings & Loan Assoc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Yuma, Colorado | 60 | $ 7,150,000 | $ 119,166 | $ 59,000 |
| Logan, Colorado | 41 | $ 5,175,000 | $ 126,219 | $ 78,000 |
| Kit Carson, Colorado | 40 | $ 5,040,000 | $ 126,000 | $ 56,000 |
| Morgan, Colorado | 31 | $ 4,165,000 | $ 134,354 | $ 108,000 |
| Larimer, Colorado | 26 | $ 6,980,000 | $ 268,461 | $ 180,000 |
| Phillips, Colorado | 20 | $ 2,940,000 | $ 147,000 | $ 70,000 |
| Lincoln, Colorado | 19 | $ 2,195,000 | $ 115,526 | $ 76,000 |
| Sedgwick, Colorado | 19 | $ 2,135,000 | $ 112,368 | $ 63,000 |
| Washington, Colorado | 15 | $ 1,345,000 | $ 89,666 | $ 51,000 |
| Weld, Colorado | 9 | $ 1,585,000 | $ 176,111 | $ 65,000 |
| Eagle, Colorado | 6 | $ 1,780,000 | $ 296,666 | $ 206,000 |
| Cheyenne, Nebraska | 4 | $ 340,000 | $ 85,000 | $ 66,000 |
| Adams, Colorado | 2 | $ 540,000 | $ 270,000 | $ 308,000 |
| Arapahoe, Colorado | 2 | $ 570,000 | $ 285,000 | $ 161,000 |
| Elbert, Colorado | 2 | $ 390,000 | $ 195,000 | $ 59,000 |
| Sherman, Kansas | 2 | $ 120,000 | $ 60,000 | $ 84,000 |
| Dundy, Nebraska | 2 | $ 160,000 | $ 80,000 | $ 52,000 |
| Boulder, Colorado | 1 | $ 525,000 | $ 525,000 | $ 0 |
| Denver, Colorado | 1 | $ 85,000 | $ 85,000 | $ 132,000 |
| El Paso, Colorado | 1 | $ 135,000 | $ 135,000 | $ 204,000 |
| Prowers, Colorado | 1 | $ 55,000 | $ 55,000 | $ 69,000 |
| Summit, Colorado | 1 | $ 315,000 | $ 315,000 | $ 322,000 |
| Thomas, Kansas | 1 | $ 75,000 | $ 75,000 | $ 68,000 |
| Hitchcock, Nebraska | 1 | $ 225,000 | $ 225,000 | $ 57,000 |
| Keith, Nebraska | 1 | $ 105,000 | $ 105,000 | $ 65,000 |
Mortgage Loan Application Detail Totals for Equitable Savings & Loan Assoc in 2018
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 | 192 | $28,930,000 | $150,000 | $635,000 | $74,000 | $354,000 |
| Cash-out Refinancing | 41 | $6,875,000 | $167,000 | $475,000 | $101,000 | $568,000 |
| Refinancing | 39 | $6,505,000 | $166,000 | $855,000 | $111,000 | $879,000 |
| Home Improvement | 20 | $810,000 | $40,000 | $175,000 | $69,000 | $232,000 |
| Other Purpose | 16 | $1,010,000 | $63,000 | $175,000 | $91,000 | $177,000 |
| 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 | 237 | $30,285,000 | $127,000 | $855,000 | $80,000 | $879,000 |
| Hispanic | 38 | $5,100,000 | $134,000 | $605,000 | $75,000 | $262,000 |
| Not applicable | 22 | $7,210,000 | $327,000 | $635,000 | $215,000 | $322,000 |
| Not Provided | 4 | $570,000 | $142,000 | $175,000 | $54,000 | $60,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $485,000 | $161,000 | $175,000 | $68,000 | $93,000 |
| American Indian or Alaskan Native | 3 | $325,000 | $108,000 | $155,000 | $59,000 | $72,000 |
| Asian | 1 | $155,000 | $155,000 | $155,000 | $50,000 | $50,000 |
| Black or African American | 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) | 246 | $38,370,000 | $155,000 | $855,000 | $91,000 | $879,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 49 | $5,545,000 | $113,000 | $225,000 | $44,000 | $90,000 |
| FHA-insured (Federal Housing Administration) | 13 | $215,000 | $16,000 | $25,000 | $73,000 | $232,000 |
| 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 | 195 | $23,505,000 | $120,000 | $855,000 | $84,000 | $879,000 |
| Application Denied By Financial Institution | 50 | $6,380,000 | $127,000 | $335,000 | $55,000 | $232,000 |
| Application Withdrawn By Applicant | 38 | $6,110,000 | $160,000 | $605,000 | $77,000 | $262,000 |
| Loan Purchased By The Institution | 22 | $7,210,000 | $327,000 | $635,000 | $215,000 | $322,000 |
| File Closed For Incompleteness | 3 | $925,000 | $308,000 | $605,000 | $95,000 | $233,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 308 | $44,130,000 | $143,000 | $855,000 | $82,000 | $879,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Equitable Savings & Loan Assoc's 2018 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 Equitable Savings & Loan Assoc'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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