Equitable Savings & Loan Assoc Mortgage Lending & HMDA Data, 2022
In 2022, Equitable Savings & Loan Assoc of Sterling, CO reported 292 mortgage applications totaling $58.0 million, down 36% from 2021. The average application was for $198,767, and applicants reported an average income of $112,541. 69% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Fort Collins, CO (19), Denver-Aurora-Lakewood, CO (11) and Greeley, CO (9) (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 | 292 |
| Total Mortgage Loan Application Amount | $58,040,000 |
| Average Mortgage Loan Application Amount | $198,767 |
| Highest Mortgage Loan Application Amount | $1,535,000 |
| Average Applicant Income | $112,541 |
| Highest Applicant Income | $1,577,000 |
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records Equitable Savings & Loan Assoc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022
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 | 149 | $34,725,000 | $233,000 | $1,535,000 | $131,000 | $1,577,000 |
| Cash-out Refinancing | 76 | $15,650,000 | $205,000 | $595,000 | $90,000 | $298,000 |
| Home Improvement | 31 | $1,305,000 | $42,000 | $355,000 | $80,000 | $348,000 |
| Refinancing | 27 | $6,015,000 | $222,000 | $515,000 | $121,000 | $800,000 |
| Other Purpose | 9 | $345,000 | $38,000 | $105,000 | $84,000 | $193,000 |
| 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 | 241 | $45,305,000 | $187,000 | $925,000 | $105,000 | $800,000 |
| Hispanic | 38 | $6,490,000 | $170,000 | $395,000 | $78,000 | $430,000 |
| Not applicable | 6 | $4,450,000 | $741,000 | $1,535,000 | $606,000 | $1,577,000 |
| Not Provided | 4 | $1,360,000 | $340,000 | $435,000 | $147,000 | $241,000 |
| American Indian or Alaskan Native | 3 | $435,000 | $145,000 | $275,000 | $88,000 | $100,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 235 | $52,305,000 | $222,000 | $1,535,000 | $126,000 | $1,577,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 37 | $5,395,000 | $145,000 | $255,000 | $53,000 | $109,000 |
| FHA-insured (Federal Housing Administration) | 20 | $340,000 | $17,000 | $25,000 | $60,000 | $128,000 |
| 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 | 202 | $36,930,000 | $182,000 | $605,000 | $104,000 | $800,000 |
| Application Withdrawn By Applicant | 44 | $9,280,000 | $210,000 | $595,000 | $107,000 | $585,000 |
| Application Denied By Financial Institution | 37 | $5,955,000 | $160,000 | $405,000 | $81,000 | $430,000 |
| Loan Purchased By The Institution | 7 | $5,375,000 | $767,000 | $1,535,000 | $549,000 | $1,577,000 |
| File Closed For Incompleteness | 2 | $500,000 | $250,000 | $395,000 | $95,000 | $176,000 |
| 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 | 292 | $58,040,000 | $198,000 | $1,535,000 | $112,000 | $1,577,000 |
| 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 2022 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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