Equitable Savings & Loan Assoc Mortgage Lending & HMDA Data, 2012
In 2012, Equitable Savings & Loan Assoc of Sterling, CO reported 510 mortgage applications totaling $66.3 million, down 3% from 2011. The average application was for $129,960, and applicants reported an average income of $91,227. 75% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Fort Collins-Loveland, CO (64), Greeley, CO (21) and Denver-Aurora-Broomfield, CO (16) (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 | 510 |
| Total Mortgage Loan Application Amount | $66,280,000 |
| Average Mortgage Loan Application Amount | $129,960 |
| Highest Mortgage Loan Application Amount | $520,000 |
| Average Applicant Income | $91,227 |
| Highest Applicant Income | $954,000 |
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records Equitable Savings & Loan Assoc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Equitable Savings & Loan Assoc in 2012
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 | 255 | $36,789,000 | $144,000 | $520,000 | $103,000 | $954,000 |
| Home Purchase | 197 | $24,783,000 | $125,000 | $417,000 | $79,000 | $418,000 |
| Home Improvement | 58 | $4,708,000 | $81,000 | $315,000 | $81,000 | $260,000 |
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 | 456 | $60,794,000 | $133,000 | $520,000 | $96,000 | $954,000 |
| Hispanic | 30 | $2,347,000 | $78,000 | $322,000 | $45,000 | $162,000 |
| Not Provided | 9 | $1,155,000 | $128,000 | $190,000 | $90,000 | $163,000 |
| Not applicable | 8 | $1,173,000 | $146,000 | $300,000 | $0 | $0 |
| American Indian or Alaskan Native | 3 | $337,000 | $112,000 | $237,000 | $91,000 | $116,000 |
| Asian | 2 | $170,000 | $85,000 | $86,000 | $42,000 | $63,000 |
| Black or African American | 2 | $304,000 | $152,000 | $279,000 | $182,000 | $281,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 434 | $59,586,000 | $137,000 | $520,000 | $98,000 | $954,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 60 | $6,434,000 | $107,000 | $224,000 | $44,000 | $77,000 |
| FHA-insured (Federal Housing Administration) | 16 | $260,000 | $16,000 | $25,000 | $69,000 | $121,000 |
| 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 | 383 | $51,399,000 | $134,000 | $520,000 | $96,000 | $787,000 |
| Application Denied By Financial Institution | 79 | $8,018,000 | $101,000 | $237,000 | $74,000 | $954,000 |
| Application Withdrawn By Applicant | 40 | $5,525,000 | $138,000 | $417,000 | $81,000 | $318,000 |
| File Closed For Incompleteness | 5 | $536,000 | $107,000 | $159,000 | $44,000 | $107,000 |
| Loan Purchased By The Institution | 3 | $802,000 | $267,000 | $310,000 | $96,000 | $119,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 32 | $2,762,000 | $86,000 | $179,000 | $45,000 | $114,000 |
| Collateral | 16 | $1,614,000 | $100,000 | $237,000 | $61,000 | $182,000 |
| Debt-To-Income Ratio | 13 | $1,609,000 | $123,000 | $197,000 | $47,000 | $173,000 |
| Other | 8 | $941,000 | $117,000 | $210,000 | $279,000 | $954,000 |
| Credit Application Incomplete | 5 | $610,000 | $122,000 | $170,000 | $59,000 | $101,000 |
| Unverifiable Information | 2 | $51,000 | $25,000 | $40,000 | $35,000 | $44,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $257,000 | $128,000 | $147,000 | $64,000 | $75,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Equitable Savings & Loan Assoc's 2012 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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