Equitable Savings & Loan Assoc Mortgage Lending & HMDA Data, 2016
In 2016, Equitable Savings & Loan Assoc of Sterling, CO reported 390 mortgage applications totaling $51.6 million, down 11% from 2015. The average application was for $132,358, and applicants reported an average income of $83,815. 64% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Fort Collins, CO (22), Greeley, CO (17) and Denver-Aurora-Lakewood, CO (13) (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 | 390 |
| Total Mortgage Loan Application Amount | $51,620,000 |
| Average Mortgage Loan Application Amount | $132,358 |
| Highest Mortgage Loan Application Amount | $920,000 |
| Average Applicant Income | $83,815 |
| Highest Applicant Income | $852,000 |
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records Equitable Savings & Loan Assoc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2016
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 | 232 | $32,537,000 | $140,000 | $920,000 | $80,000 | $852,000 |
| Refinancing | 108 | $15,004,000 | $138,000 | $450,000 | $91,000 | $305,000 |
| Home Improvement | 50 | $4,079,000 | $81,000 | $525,000 | $86,000 | $720,000 |
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 | 329 | $44,397,000 | $134,000 | $920,000 | $84,000 | $852,000 |
| Hispanic | 39 | $3,826,000 | $98,000 | $260,000 | $67,000 | $338,000 |
| Not Provided | 17 | $2,877,000 | $169,000 | $525,000 | $117,000 | $720,000 |
| Asian | 3 | $355,000 | $118,000 | $224,000 | $158,000 | $308,000 |
| Native Hawaiin or Other Pacific Islander | 2 | $165,000 | $82,000 | $152,000 | $58,000 | $71,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 282 | $41,499,000 | $147,000 | $920,000 | $98,000 | $852,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 87 | $9,784,000 | $112,000 | $278,000 | $45,000 | $86,000 |
| FHA-insured (Federal Housing Administration) | 21 | $337,000 | $16,000 | $25,000 | $60,000 | $178,000 |
| 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 | 249 | $33,565,000 | $134,000 | $920,000 | $89,000 | $852,000 |
| Application Denied By Financial Institution | 88 | $10,576,000 | $120,000 | $525,000 | $59,000 | $720,000 |
| Application Withdrawn By Applicant | 34 | $3,945,000 | $116,000 | $275,000 | $95,000 | $448,000 |
| Loan Purchased By The Institution | 10 | $2,625,000 | $262,000 | $354,000 | $172,000 | $308,000 |
| File Closed For Incompleteness | 9 | $909,000 | $101,000 | $154,000 | $51,000 | $98,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 29 | $3,175,000 | $109,000 | $356,000 | $63,000 | $134,000 |
| Other | 19 | $2,881,000 | $151,000 | $525,000 | $83,000 | $720,000 |
| Collateral | 16 | $1,605,000 | $100,000 | $195,000 | $45,000 | $143,000 |
| Debt-To-Income Ratio | 11 | $1,626,000 | $147,000 | $450,000 | $53,000 | $178,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $941,000 | $104,000 | $163,000 | $38,000 | $69,000 |
| Unverifiable Information | 2 | $101,000 | $50,000 | $69,000 | $27,000 | $35,000 |
| Credit Application Incomplete | 2 | $247,000 | $123,000 | $177,000 | $45,000 | $67,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Equitable Savings & Loan Assoc's 2016 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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