Liberty Home Loans Mortgage Lending & HMDA Data, 2005
In 2005, Liberty Home Loans of Lafayette, CO reported 679 mortgage applications totaling $117.5 million, up 18% from 2004. The average application was for $173,070, and applicants reported an average income of $91,393. 92% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Denver-Aurora, CO (235), Boulder, CO (66) and Greeley, CO (11) (applications in parentheses).
| Mortgage Company & Address | Liberty Home Loans 2687 North Park Dr. #103 Lafayette, CO 80026 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 679 |
| Total Mortgage Loan Application Amount | $117,515,000 |
| Average Mortgage Loan Application Amount | $173,070 |
| Highest Mortgage Loan Application Amount | $770,000 |
| Average Applicant Income | $91,393 |
| Highest Applicant Income | $526,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Liberty Home Loans filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Garfield, Colorado | 267 | $ 45,294,000 | $ 169,640 | $ 72,000 |
| Jefferson, Colorado | 81 | $ 14,073,000 | $ 173,740 | $ 87,000 |
| Boulder, Colorado | 66 | $ 13,677,000 | $ 207,227 | $ 89,000 |
| Arapahoe, Colorado | 47 | $ 7,403,000 | $ 157,510 | $ 84,000 |
| Douglas, Colorado | 45 | $ 6,638,000 | $ 147,511 | $ 79,000 |
| Adams, Colorado | 27 | $ 4,413,000 | $ 163,444 | $ 132,000 |
| Gunnison, Colorado | 22 | $ 5,157,000 | $ 234,409 | $ 159,000 |
| Denver, Colorado | 19 | $ 3,004,000 | $ 158,105 | $ 83,000 |
| Eagle, Colorado | 15 | $ 2,692,000 | $ 179,466 | $ 58,000 |
| Pitkin, Colorado | 14 | $ 3,459,000 | $ 247,071 | $ 105,000 |
| Delta, Colorado | 11 | $ 1,033,000 | $ 93,909 | $ 49,000 |
| Weld, Colorado | 11 | $ 1,206,000 | $ 109,636 | $ 25,000 |
| Broomfield, Colorado | 9 | $ 1,675,000 | $ 186,111 | $ 75,000 |
| Summit, Colorado | 9 | $ 1,920,000 | $ 213,333 | $ 173,000 |
| Mesa, Colorado | 7 | $ 1,165,000 | $ 166,428 | $ 94,000 |
| Elbert, Colorado | 6 | $ 1,531,000 | $ 255,166 | $ 93,000 |
| Huerfano, Colorado | 4 | $ 318,000 | $ 79,500 | $ 89,000 |
| Rio Blanco, Colorado | 2 | $ 240,000 | $ 120,000 | $ 70,000 |
| Routt, Colorado | 2 | $ 138,000 | $ 69,000 | $ 65,000 |
| El Paso, Colorado | 1 | $ 297,000 | $ 297,000 | $ 94,000 |
| Grand, Colorado | 1 | $ 166,000 | $ 166,000 | $ 119,000 |
| Larimer, Colorado | 1 | $ 254,000 | $ 254,000 | $ 116,000 |
| Montrose, Colorado | 1 | $ 83,000 | $ 83,000 | $ 57,000 |
| Ouray, Colorado | 1 | $ 218,000 | $ 218,000 | $ 0 |
| Park, Colorado | 1 | $ 128,000 | $ 128,000 | $ 52,000 |
| Grant, New Mexico | 1 | $ 163,000 | $ 163,000 | $ 98,000 |
| Fremont, Wyoming | 1 | $ 180,000 | $ 180,000 | $ 43,000 |
Mortgage Loan Application Detail Totals for Liberty Home Loans in 2005
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 | 476 | $76,957,000 | $171,333 | $700,000 | $62,666 | $526,000 |
| Refinancing | 203 | $40,558,000 | $181,000 | $770,000 | $89,500 | $355,000 |
| Home Improvement | 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 | 614 | $107,170,000 | $175,666 | $770,000 | $61,333 | $526,000 |
| Hispanic | 45 | $6,517,000 | $153,500 | $656,000 | $81,500 | $232,000 |
| Not Provided | 9 | $1,712,000 | $190,000 | $300,000 | $112,000 | $243,000 |
| Asian | 5 | $1,195,000 | $239,000 | $700,000 | $151,000 | $310,000 |
| American Indian or Alaskan Native | 4 | $563,000 | $140,000 | $320,000 | $41,000 | $90,000 |
| Black or African American | 2 | $358,000 | $179,000 | $189,000 | $35,000 | $70,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 653 | $112,942,000 | $171,666 | $770,000 | $79,333 | $526,000 |
| FHA-insured (Federal Housing Administration) | 22 | $3,627,000 | $168,500 | $266,000 | $51,000 | $174,000 |
| VA-guaranteed (Veterans Administration) | 4 | $946,000 | $236,000 | $338,000 | $30,000 | $62,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 625 | $108,057,000 | $171,666 | $770,000 | $78,333 | $526,000 |
| Application Denied By Financial Institution | 50 | $8,665,000 | $173,000 | $680,000 | $68,500 | $526,000 |
| Application Withdrawn By Applicant | 4 | $793,000 | $198,000 | $300,000 | $11,000 | $45,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Liberty Home Loans's 2005 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 Liberty Home Loans'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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