Equitable Savings & Loan Assoc Mortgage Lending & HMDA Data, 2003
In 2003, Equitable Savings & Loan Assoc of Sterling, CO reported 784 mortgage applications totaling $83.6 million. The average application was for $106,625, and applicants reported an average income of $68,891. 83% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Fort Collins-Loveland, CO (172), Greeley, CO (77) and Boulder-Longmont, CO (17) (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 | 784 |
| Total Mortgage Loan Application Amount | $83,594,000 |
| Average Mortgage Loan Application Amount | $106,625 |
| Highest Mortgage Loan Application Amount | $811,000 |
| Average Applicant Income | $68,891 |
| Highest Applicant Income | $924,000 |
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records Equitable Savings & Loan Assoc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Larimer, Colorado | 172 | $ 28,091,000 | $ 163,319 | $ 88,000 |
| Logan, Colorado | 94 | $ 8,219,000 | $ 87,436 | $ 48,000 |
| Yuma, Colorado | 87 | $ 7,404,000 | $ 85,103 | $ 57,000 |
| Weld, Colorado | 77 | $ 10,617,000 | $ 137,883 | $ 88,000 |
| Morgan, Colorado | 74 | $ 6,816,000 | $ 92,108 | $ 51,000 |
| Lincoln, Colorado | 66 | $ 5,020,000 | $ 76,060 | $ 48,000 |
| Washington, Colorado | 66 | $ 4,695,000 | $ 71,136 | $ 53,000 |
| Kit Carson, Colorado | 42 | $ 3,189,000 | $ 75,928 | $ 57,000 |
| Sedgwick, Colorado | 36 | $ 1,852,000 | $ 51,444 | $ 43,000 |
| Boulder, Colorado | 17 | $ 2,309,000 | $ 135,823 | $ 115,000 |
| Phillips, Colorado | 14 | $ 1,121,000 | $ 80,071 | $ 52,000 |
| Cheyenne, Colorado | 10 | $ 798,000 | $ 79,800 | $ 51,000 |
| El Paso, Colorado | 5 | $ 638,000 | $ 127,600 | $ 49,000 |
| Elbert, Colorado | 4 | $ 379,000 | $ 94,750 | $ 63,000 |
| Jackson, Colorado | 3 | $ 519,000 | $ 173,000 | $ 212,000 |
| Adams, Colorado | 2 | $ 286,000 | $ 143,000 | $ 100,000 |
| Arapahoe, Colorado | 2 | $ 223,000 | $ 111,500 | $ 151,000 |
| Denver, Colorado | 2 | $ 382,000 | $ 191,000 | $ 115,000 |
| Jefferson, Colorado | 2 | $ 273,000 | $ 136,500 | $ 95,000 |
| Mesa, Colorado | 2 | $ 217,000 | $ 108,500 | $ 162,000 |
| Dundy, Nebraska | 2 | $ 58,000 | $ 29,000 | $ 19,000 |
| Archuleta, Colorado | 1 | $ 59,000 | $ 59,000 | $ 34,000 |
| Garfield, Colorado | 1 | $ 136,000 | $ 136,000 | $ 84,000 |
| Kiowa, Colorado | 1 | $ 90,000 | $ 90,000 | $ 63,000 |
| Park, Colorado | 1 | $ 150,000 | $ 150,000 | $ 332,000 |
| Deuel, Nebraska | 1 | $ 53,000 | $ 53,000 | $ 30,000 |
Mortgage Loan Application Detail Totals for Equitable Savings & Loan Assoc in 2003
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 (home purchase or home improvement, one-to-four family) | 613 | $66,949,000 | $76,500 | $600,000 | $48,000 | $924,000 |
| Home Purchase (one-to-four family) | 146 | $15,479,000 | $64,500 | $811,000 | $37,000 | $550,000 |
| Home Improvement (one-to-four family) | 25 | $1,166,000 | $46,000 | $422,000 | $72,000 | $338,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 744 | $80,352,000 | $72,500 | $811,000 | $45,000 | $924,000 |
| Hispanic | 30 | $2,219,000 | $73,000 | $150,000 | $48,000 | $131,000 |
| American Indian or Alaskan Native | 3 | $141,000 | $47,000 | $92,000 | $51,000 | $72,000 |
| Asian or Pacific Islander | 2 | $260,000 | $130,000 | $188,000 | $84,000 | $89,000 |
| Black | 2 | $183,000 | $91,000 | $93,000 | $52,000 | $77,000 |
| Information not provided by applicant in mail or telephone application | 2 | $160,000 | $80,000 | $115,000 | $83,000 | $121,000 |
| Other | 1 | $279,000 | $279,000 | $279,000 | $137,000 | $137,000 |
| Not applicable | 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) | 731 | $80,251,000 | $73,500 | $811,000 | $46,500 | $924,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 41 | $3,038,000 | $74,000 | $233,000 | $39,000 | $77,000 |
| FHA-insured (Federal Housing Administration) | 12 | $305,000 | $25,000 | $130,000 | $47,000 | $112,000 |
| 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 | 648 | $69,489,000 | $71,000 | $811,000 | $43,000 | $924,000 |
| Application Denied By Financial Institution | 67 | $5,767,000 | $55,000 | $267,000 | $36,500 | $182,000 |
| Application Withdrawn By Applicant | 59 | $7,477,000 | $90,500 | $400,000 | $55,000 | $371,000 |
| File Closed For Incompleteness | 5 | $382,000 | $76,000 | $120,000 | $38,000 | $65,000 |
| Application Approved But Not Accepted | 5 | $479,000 | $95,000 | $165,000 | $64,000 | $102,000 |
| Loan Purchased By The 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 | 37 | $2,742,000 | $49,000 | $194,000 | $35,500 | $182,000 |
| Debt-To-Income Ratio | 15 | $1,619,000 | $107,000 | $254,000 | $50,000 | $121,000 |
| Collateral | 10 | $999,000 | $99,000 | $267,000 | $62,000 | $127,000 |
| Other | 3 | $259,000 | $86,000 | $114,000 | $50,000 | $68,000 |
| Credit Application Incomplete | 1 | $88,000 | $88,000 | $88,000 | $56,000 | $56,000 |
| Employment History | 1 | $60,000 | $60,000 | $60,000 | $33,000 | $33,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Equitable Savings & Loan Assoc's 2003 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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