Equitable Savings & Loan Assoc Mortgage Lending & HMDA Data, 2010
In 2010, Equitable Savings & Loan Assoc of Sterling, CO reported 547 mortgage applications totaling $69.1 million, down 22% from 2009. The average application was for $126,310, and applicants reported an average income of $86,001. 71% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Fort Collins-Loveland, CO (68), Greeley, CO (34) and Denver-Aurora-Broomfield, CO (15) (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 | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 547 |
| Total Mortgage Loan Application Amount | $69,092,000 |
| Average Mortgage Loan Application Amount | $126,310 |
| Highest Mortgage Loan Application Amount | $800,000 |
| Average Applicant Income | $86,001 |
| Highest Applicant Income | $1,196,000 |
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records Equitable Savings & Loan Assoc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 71 | $ 7,466,000 | $ 105,154 | $ 81,000 |
| Logan, Colorado | 69 | $ 8,239,000 | $ 119,405 | $ 77,000 |
| Larimer, Colorado | 68 | $ 12,847,000 | $ 188,926 | $ 146,000 |
| Morgan, Colorado | 57 | $ 6,266,000 | $ 109,929 | $ 75,000 |
| Kit Carson, Colorado | 41 | $ 5,284,000 | $ 128,878 | $ 73,000 |
| Phillips, Colorado | 39 | $ 4,345,000 | $ 111,410 | $ 79,000 |
| Weld, Colorado | 34 | $ 5,526,000 | $ 162,529 | $ 100,000 |
| Lincoln, Colorado | 32 | $ 3,395,000 | $ 106,093 | $ 105,000 |
| Sedgwick, Colorado | 29 | $ 1,738,000 | $ 59,931 | $ 57,000 |
| Washington, Colorado | 27 | $ 2,158,000 | $ 79,925 | $ 53,000 |
| Boulder, Colorado | 5 | $ 1,379,000 | $ 275,800 | $ 140,000 |
| Cheyenne, Colorado | 5 | $ 474,000 | $ 94,800 | $ 71,000 |
| El Paso, Colorado | 5 | $ 1,057,000 | $ 211,400 | $ 79,000 |
| Elbert, Colorado | 5 | $ 1,015,000 | $ 203,000 | $ 77,000 |
| Denver, Colorado | 4 | $ 742,000 | $ 185,500 | $ 120,000 |
| Deuel, Nebraska | 4 | $ 356,000 | $ 89,000 | $ 72,000 |
| Adams, Colorado | 3 | $ 277,000 | $ 92,333 | $ 57,000 |
| Mesa, Colorado | 3 | $ 375,000 | $ 125,000 | $ 0 |
| Arapahoe, Colorado | 2 | $ 286,000 | $ 143,000 | $ 96,000 |
| Summit, Colorado | 2 | $ 1,300,000 | $ 650,000 | $ 325,000 |
| Cheyenne, Kansas | 2 | $ 152,000 | $ 76,000 | $ 164,000 |
| Cheyenne, Nebraska | 2 | $ 129,000 | $ 64,500 | $ 25,000 |
| Eagle, Colorado | 1 | $ 471,000 | $ 471,000 | $ 164,000 |
| Jefferson, Colorado | 1 | $ 43,000 | $ 43,000 | $ 31,000 |
| Pitkin, Colorado | 1 | $ 310,000 | $ 310,000 | $ 127,000 |
| Scott, Kansas | 1 | $ 39,000 | $ 39,000 | $ 35,000 |
| Box Butte, Nebraska | 1 | $ 80,000 | $ 80,000 | $ 67,000 |
| Chase, Nebraska | 1 | $ 170,000 | $ 170,000 | $ 85,000 |
| Dawes, Nebraska | 1 | $ 128,000 | $ 128,000 | $ 69,000 |
Mortgage Loan Application Detail Totals for Equitable Savings & Loan Assoc in 2010
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 | 335 | $46,378,000 | $138,000 | $720,000 | $97,000 | $1,196,000 |
| Home Purchase | 169 | $19,778,000 | $117,000 | $800,000 | $67,000 | $371,000 |
| Home Improvement | 43 | $2,936,000 | $68,000 | $218,000 | $75,000 | $233,000 |
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 | 482 | $61,873,000 | $128,000 | $800,000 | $89,000 | $1,196,000 |
| Hispanic | 34 | $2,654,000 | $78,000 | $165,000 | $46,000 | $175,000 |
| Not Provided | 18 | $3,142,000 | $174,000 | $490,000 | $95,000 | $293,000 |
| Not applicable | 7 | $682,000 | $97,000 | $141,000 | $0 | $0 |
| Asian | 3 | $283,000 | $94,000 | $123,000 | $124,000 | $218,000 |
| Black or African American | 2 | $331,000 | $165,000 | $285,000 | $94,000 | $168,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $127,000 | $127,000 | $127,000 | $119,000 | $119,000 |
| 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) | 489 | $64,611,000 | $132,000 | $800,000 | $91,000 | $1,196,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 50 | $4,334,000 | $86,000 | $189,000 | $42,000 | $74,000 |
| FHA-insured (Federal Housing Administration) | 8 | $147,000 | $18,000 | $25,000 | $57,000 | $96,000 |
| 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 | 390 | $48,619,000 | $124,000 | $500,000 | $92,000 | $521,000 |
| Application Denied By Financial Institution | 67 | $8,046,000 | $120,000 | $720,000 | $73,000 | $1,196,000 |
| Application Withdrawn By Applicant | 36 | $4,258,000 | $118,000 | $500,000 | $62,000 | $279,000 |
| Application Approved But Not Accepted | 19 | $3,571,000 | $187,000 | $800,000 | $116,000 | $538,000 |
| Preapproval Denied by Financial Institution | 19 | $1,816,000 | $95,000 | $300,000 | $34,000 | $85,000 |
| Preapproval Approved but not Accepted | 8 | $960,000 | $120,000 | $200,000 | $43,000 | $76,000 |
| File Closed For Incompleteness | 5 | $691,000 | $138,000 | $193,000 | $68,000 | $87,000 |
| Loan Purchased By The Institution | 3 | $1,131,000 | $377,000 | $471,000 | $166,000 | $209,000 |
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 |
|---|---|---|---|---|---|---|
| Collateral | 28 | $4,354,000 | $155,000 | $720,000 | $121,000 | $1,196,000 |
| Credit History | 25 | $1,773,000 | $70,000 | $148,000 | $30,000 | $85,000 |
| Debt-To-Income Ratio | 18 | $2,526,000 | $140,000 | $400,000 | $42,000 | $108,000 |
| Other | 7 | $565,000 | $80,000 | $175,000 | $41,000 | $92,000 |
| Credit Application Incomplete | 4 | $351,000 | $87,000 | $154,000 | $56,000 | $76,000 |
| Employment History | 3 | $216,000 | $72,000 | $110,000 | $51,000 | $79,000 |
| Unverifiable Information | 1 | $77,000 | $77,000 | $77,000 | $29,000 | $29,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 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 2010 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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