Equitable Savings & Loan Assoc Mortgage Lending & HMDA Data, 2021
In 2021, Equitable Savings & Loan Assoc of Sterling, CO reported 458 mortgage applications totaling $78.7 million, down 2% from 2020. The average application was for $171,855, and applicants reported an average income of $97,024. 77% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Fort Collins, CO (22), Denver-Aurora-Lakewood, CO (12) and Greeley, CO (12) (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 | 458 |
| Total Mortgage Loan Application Amount | $78,710,000 |
| Average Mortgage Loan Application Amount | $171,855 |
| Highest Mortgage Loan Application Amount | $735,000 |
| Average Applicant Income | $97,024 |
| Highest Applicant Income | $2,700,000 |
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records Equitable Savings & Loan Assoc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 97 | $ 15,595,000 | $ 160,773 | $ 120,000 |
| Logan, Colorado | 57 | $ 9,375,000 | $ 164,473 | $ 87,000 |
| Morgan, Colorado | 50 | $ 9,020,000 | $ 180,400 | $ 79,000 |
| Phillips, Colorado | 46 | $ 8,500,000 | $ 184,782 | $ 108,000 |
| Lincoln, Colorado | 38 | $ 5,780,000 | $ 152,105 | $ 77,000 |
| Washington, Colorado | 31 | $ 4,175,000 | $ 134,677 | $ 53,000 |
| Kit Carson, Colorado | 28 | $ 3,900,000 | $ 139,285 | $ 79,000 |
| Sedgwick, Colorado | 27 | $ 2,785,000 | $ 103,148 | $ 69,000 |
| Larimer, Colorado | 22 | $ 7,060,000 | $ 320,909 | $ 180,000 |
| Weld, Colorado | 12 | $ 3,180,000 | $ 265,000 | $ 130,000 |
| Elbert, Colorado | 7 | $ 2,055,000 | $ 293,571 | $ 100,000 |
| El Paso, Colorado | 5 | $ 1,325,000 | $ 265,000 | $ 133,000 |
| Sherman, Kansas | 5 | $ 545,000 | $ 109,000 | $ 103,000 |
| Cheyenne, Nebraska | 5 | $ 465,000 | $ 93,000 | $ 102,000 |
| Deuel, Nebraska | 4 | $ 540,000 | $ 135,000 | $ 67,000 |
| Baca, Colorado | 2 | $ 230,000 | $ 115,000 | $ 260,000 |
| Kiowa, Colorado | 2 | $ 200,000 | $ 100,000 | $ 67,000 |
| Summit, Colorado | 2 | $ 690,000 | $ 345,000 | $ 0 |
| Cheyenne, Kansas | 2 | $ 150,000 | $ 75,000 | $ 70,000 |
| Adams, Colorado | 1 | $ 175,000 | $ 175,000 | $ 89,000 |
| Arapahoe, Colorado | 1 | $ 235,000 | $ 235,000 | $ 150,000 |
| Boulder, Colorado | 1 | $ 255,000 | $ 255,000 | $ 52,000 |
| Chaffee, Colorado | 1 | $ 295,000 | $ 295,000 | $ 61,000 |
| Cheyenne, Colorado | 1 | $ 275,000 | $ 275,000 | $ 115,000 |
| Clear Creek, Colorado | 1 | $ 335,000 | $ 335,000 | $ 101,000 |
| Douglas, Colorado | 1 | $ 185,000 | $ 185,000 | $ 55,000 |
| Eagle, Colorado | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Gunnison, Colorado | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Jefferson, Colorado | 1 | $ 305,000 | $ 305,000 | $ 140,000 |
| Logan, Kansas | 1 | $ 35,000 | $ 35,000 | $ 12,000 |
| Chase, Nebraska | 1 | $ 115,000 | $ 115,000 | $ 51,000 |
| Perkins, Nebraska | 1 | $ 45,000 | $ 45,000 | $ 32,000 |
| Scotts Bluff, Nebraska | 1 | $ 145,000 | $ 145,000 | $ 47,000 |
| Sheridan, Nebraska | 1 | $ 105,000 | $ 105,000 | $ 44,000 |
| Sweetwater, Wyoming | 1 | $ 15,000 | $ 15,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for Equitable Savings & Loan Assoc in 2021
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 191 | $34,325,000 | $179,000 | $735,000 | $94,000 | $526,000 |
| Home Purchase | 163 | $29,325,000 | $179,000 | $515,000 | $101,000 | $2,700,000 |
| Refinancing | 62 | $12,110,000 | $195,000 | $605,000 | $108,000 | $523,000 |
| Home Improvement | 26 | $1,110,000 | $42,000 | $195,000 | $78,000 | $174,000 |
| Other Purpose | 16 | $1,840,000 | $115,000 | $495,000 | $81,000 | $304,000 |
| 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 | 402 | $68,880,000 | $171,000 | $735,000 | $97,000 | $2,700,000 |
| Hispanic | 42 | $6,920,000 | $164,000 | $475,000 | $83,000 | $526,000 |
| Not Provided | 7 | $1,195,000 | $170,000 | $265,000 | $145,000 | $304,000 |
| Not applicable | 5 | $1,455,000 | $291,000 | $345,000 | $292,000 | $292,000 |
| Asian | 2 | $260,000 | $130,000 | $235,000 | $84,000 | $85,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 390 | $71,260,000 | $182,000 | $735,000 | $104,000 | $2,700,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 46 | $7,080,000 | $153,000 | $405,000 | $53,000 | $227,000 |
| FHA-insured (Federal Housing Administration) | 22 | $370,000 | $16,000 | $25,000 | $72,000 | $136,000 |
| 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 | 351 | $58,795,000 | $167,000 | $535,000 | $95,000 | $1,047,000 |
| Application Denied By Financial Institution | 58 | $11,610,000 | $200,000 | $735,000 | $120,000 | $2,700,000 |
| Application Withdrawn By Applicant | 37 | $5,385,000 | $145,000 | $305,000 | $92,000 | $354,000 |
| File Closed For Incompleteness | 7 | $1,505,000 | $215,000 | $405,000 | $68,000 | $144,000 |
| Loan Purchased By The Institution | 4 | $1,310,000 | $327,000 | $345,000 | $0 | $0 |
| Application Approved But Not Accepted | 1 | $105,000 | $105,000 | $105,000 | $22,000 | $22,000 |
| 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 | 458 | $78,710,000 | $171,000 | $735,000 | $97,000 | $2,700,000 |
| 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 2021 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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