Firstbank of Douglas County Mortgage Lending & HMDA Data, 2009
In 2009, Firstbank of Douglas County of Castle Rock, CO reported 170 mortgage applications totaling $35.2 million, up 49% from 2008. The average application was for $207,300, and applicants reported an average income of $135,600. 69% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Denver-Aurora-Broomfield, CO (163), Colorado Springs, CO (1) and Phoenix-Mesa-Scottsdale, AZ (1) (applications in parentheses).
| Mortgage Company & Address | Firstbank of Douglas County 2 Plum Creek Parkway Castle Rock, CO 80104 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 170 |
| Total Mortgage Loan Application Amount | $35,241,000 |
| Average Mortgage Loan Application Amount | $207,300 |
| Highest Mortgage Loan Application Amount | $790,000 |
| Average Applicant Income | $135,600 |
| Highest Applicant Income | $1,817,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Firstbank of Douglas County filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Denver-Aurora-Broomfield, CO | 163 | $ 33,337,000 | $ 204,521 | $ 136,000 |
| Colorado Springs, CO | 1 | $ 417,000 | $ 417,000 | $ 12,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 152,000 | $ 152,000 | $ 59,000 |
Mortgage Loan Application Detail Totals for Firstbank of Douglas County in 2009
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 | 97 | $20,747,000 | $213,000 | $790,000 | $138,000 | $1,817,000 |
| Home Purchase | 61 | $12,361,000 | $202,000 | $724,000 | $138,000 | $1,140,000 |
| Home Improvement | 12 | $2,133,000 | $177,000 | $540,000 | $104,000 | $270,000 |
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 | 141 | $31,685,000 | $224,000 | $790,000 | $149,000 | $1,817,000 |
| Not applicable | 13 | $1,272,000 | $97,000 | $194,000 | $0 | $0 |
| Asian | 6 | $701,000 | $116,000 | $150,000 | $134,000 | $162,000 |
| Hispanic | 5 | $798,000 | $159,000 | $310,000 | $52,000 | $130,000 |
| Not Provided | 5 | $785,000 | $157,000 | $358,000 | $194,000 | $382,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 170 | $35,241,000 | $207,000 | $790,000 | $136,000 | $1,817,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 117 | $22,478,000 | $192,000 | $654,000 | $117,000 | $323,000 |
| Application Denied By Financial Institution | 27 | $6,699,000 | $248,000 | $724,000 | $172,000 | $1,140,000 |
| Application Approved But Not Accepted | 18 | $3,786,000 | $210,000 | $417,000 | $206,000 | $1,817,000 |
| Application Withdrawn By Applicant | 4 | $1,198,000 | $299,000 | $790,000 | $129,000 | $266,000 |
| File Closed For Incompleteness | 4 | $1,080,000 | $270,000 | $494,000 | $123,000 | $198,000 |
| Loan Purchased By The Institution | 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 | 9 | $2,261,000 | $251,000 | $569,000 | $96,000 | $181,000 |
| Credit History | 7 | $1,561,000 | $223,000 | $348,000 | $117,000 | $201,000 |
| Collateral | 6 | $1,412,000 | $235,000 | $417,000 | $207,000 | $382,000 |
| Other | 4 | $1,070,000 | $267,000 | $724,000 | $399,000 | $1,140,000 |
| Credit Application Incomplete | 1 | $395,000 | $395,000 | $395,000 | $137,000 | $137,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Firstbank of Douglas County's 2009 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 Firstbank of Douglas County'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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