Peak Financial LLC Mortgage Lending & HMDA Data, 2018
In 2018, Peak Financial LLC of Denver, CO reported 161 mortgage applications totaling $36.8 million. The average application was for $228,602, and applicants reported an average income of $64,024. 35% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Denver-Aurora-Lakewood, CO (65), Cheyenne, WY (15) and Greeley, CO (13) (applications in parentheses).
| Mortgage Company & Address | Peak Financial LLC 1780 S Bellaire St Ste 780 Denver, CO 80222 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2019 2018 |
| Total Number of Mortgage Applications | 161 |
| Total Mortgage Loan Application Amount | $36,805,000 |
| Average Mortgage Loan Application Amount | $228,602 |
| Highest Mortgage Loan Application Amount | $905,000 |
| Average Applicant Income | $64,024 |
| Highest Applicant Income | $212,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Peak Financial LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Peak Financial LLC in 2018
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 | 101 | $22,685,000 | $224,000 | $905,000 | $63,000 | $212,000 |
| Cash-out Refinancing | 45 | $10,865,000 | $241,000 | $625,000 | $66,000 | $193,000 |
| Refinancing | 15 | $3,255,000 | $217,000 | $355,000 | $65,000 | $144,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 127 | $29,045,000 | $228,000 | $905,000 | $66,000 | $212,000 |
| Hispanic | 22 | $5,120,000 | $232,000 | $525,000 | $58,000 | $116,000 |
| Not Provided | 9 | $1,895,000 | $210,000 | $355,000 | $52,000 | $140,000 |
| Black or African American | 2 | $590,000 | $295,000 | $315,000 | $54,000 | $61,000 |
| Asian | 1 | $155,000 | $155,000 | $155,000 | $94,000 | $94,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 76 | $18,310,000 | $240,000 | $905,000 | $75,000 | $212,000 |
| FHA-insured (Federal Housing Administration) | 74 | $16,170,000 | $218,000 | $475,000 | $54,000 | $155,000 |
| VA-guaranteed (Veterans Administration) | 11 | $2,325,000 | $211,000 | $375,000 | $59,000 | $92,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 99 | $22,455,000 | $226,000 | $905,000 | $62,000 | $185,000 |
| Loan Originated | 57 | $13,395,000 | $235,000 | $525,000 | $69,000 | $212,000 |
| Application Denied By Financial Institution | 5 | $955,000 | $191,000 | $335,000 | $53,000 | $75,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 156 | $35,850,000 | $229,000 | $905,000 | $65,000 | $212,000 |
| Other | 2 | $500,000 | $250,000 | $335,000 | $72,000 | $75,000 |
| Unverifiable Information | 1 | $235,000 | $235,000 | $235,000 | $35,000 | $35,000 |
| Credit History | 1 | $115,000 | $115,000 | $115,000 | $47,000 | $47,000 |
| Debt-To-Income Ratio | 1 | $105,000 | $105,000 | $105,000 | $40,000 | $40,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Peak Financial LLC's 2018 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 Peak Financial LLC'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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