Equitable Savings & Loan Assoc Mortgage Lending & HMDA Data, 2014
In 2014, Equitable Savings & Loan Assoc of Sterling, CO reported 363 mortgage applications totaling $40.5 million, down 26% from 2013. The average application was for $111,517, and applicants reported an average income of $79,275. 60% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Fort Collins, CO (28), Denver-Aurora-Lakewood, CO (15) 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 | 363 |
| Total Mortgage Loan Application Amount | $40,481,000 |
| Average Mortgage Loan Application Amount | $111,517 |
| Highest Mortgage Loan Application Amount | $990,000 |
| Average Applicant Income | $79,275 |
| Highest Applicant Income | $2,551,000 |
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records Equitable Savings & Loan Assoc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2014
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 | 240 | $29,446,000 | $122,000 | $990,000 | $75,000 | $674,000 |
| Refinancing | 79 | $8,679,000 | $109,000 | $400,000 | $103,000 | $2,551,000 |
| Home Improvement | 44 | $2,356,000 | $53,000 | $200,000 | $60,000 | $144,000 |
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 | 309 | $35,549,000 | $115,000 | $990,000 | $82,000 | $2,551,000 |
| Hispanic | 34 | $3,103,000 | $91,000 | $246,000 | $64,000 | $240,000 |
| Not Provided | 10 | $978,000 | $97,000 | $178,000 | $90,000 | $200,000 |
| Not applicable | 7 | $651,000 | $93,000 | $129,000 | $17,000 | $60,000 |
| American Indian or Alaskan Native | 1 | $159,000 | $159,000 | $159,000 | $52,000 | $52,000 |
| Asian | 1 | $1,000 | $1,000 | $1,000 | $84,000 | $84,000 |
| Black or African American | 1 | $40,000 | $40,000 | $40,000 | $29,000 | $29,000 |
| 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) | 266 | $32,559,000 | $122,000 | $990,000 | $92,000 | $2,551,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 82 | $7,676,000 | $93,000 | $230,000 | $42,000 | $90,000 |
| FHA-insured (Federal Housing Administration) | 15 | $246,000 | $16,000 | $25,000 | $60,000 | $144,000 |
| 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 | 219 | $23,922,000 | $109,000 | $497,000 | $86,000 | $2,551,000 |
| Application Denied By Financial Institution | 81 | $7,323,000 | $90,000 | $230,000 | $51,000 | $168,000 |
| Application Withdrawn By Applicant | 41 | $4,938,000 | $120,000 | $320,000 | $78,000 | $240,000 |
| File Closed For Incompleteness | 13 | $1,492,000 | $114,000 | $280,000 | $56,000 | $127,000 |
| Loan Purchased By The Institution | 7 | $2,449,000 | $349,000 | $990,000 | $248,000 | $674,000 |
| Application Approved But Not Accepted | 2 | $357,000 | $178,000 | $182,000 | $66,000 | $74,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 36 | $3,234,000 | $89,000 | $230,000 | $46,000 | $112,000 |
| Collateral | 19 | $1,771,000 | $93,000 | $177,000 | $55,000 | $151,000 |
| Debt-To-Income Ratio | 15 | $1,419,000 | $94,000 | $200,000 | $52,000 | $168,000 |
| Other | 4 | $242,000 | $60,000 | $92,000 | $61,000 | $90,000 |
| Employment History | 3 | $269,000 | $89,000 | $190,000 | $51,000 | $84,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $299,000 | $99,000 | $128,000 | $60,000 | $61,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Equitable Savings & Loan Assoc's 2014 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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