The Group Guaranteed Mortgage Mortgage Lending & HMDA Data, 2010
In 2010, The Group Guaranteed Mortgage of Fort Collins, CO reported 973 mortgage applications totaling $202.3 million, down 25% from 2009. The average application was for $207,877, and applicants reported an average income of $95,325. 77% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Fort Collins-Loveland, CO (731), Greeley, CO (172) and Denver-Aurora-Broomfield, CO (39) (applications in parentheses).
| Mortgage Company & Address | The Group Guaranteed Mortgage 2803 E. Harmony Rd. Fort Collins, CO 80528 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 |
| Total Number of Mortgage Applications | 973 |
| Total Mortgage Loan Application Amount | $202,265,000 |
| Average Mortgage Loan Application Amount | $207,877 |
| Highest Mortgage Loan Application Amount | $980,000 |
| Average Applicant Income | $95,325 |
| Highest Applicant Income | $609,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Group Guaranteed Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Fort Collins-Loveland, CO | 731 | $ 154,570,000 | $ 211,450 | $ 99,000 |
| Greeley, CO | 172 | $ 31,304,000 | $ 182,000 | $ 77,000 |
| Denver-Aurora-Broomfield, CO | 39 | $ 8,444,000 | $ 216,512 | $ 90,000 |
| Boulder, CO | 11 | $ 3,049,000 | $ 277,181 | $ 117,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 3 | $ 632,000 | $ 210,666 | $ 153,000 |
| Cheyenne, WY | 2 | $ 224,000 | $ 112,000 | $ 57,000 |
| Colorado Springs, CO | 2 | $ 351,000 | $ 175,500 | $ 79,000 |
| Albuquerque, NM | 1 | $ 67,000 | $ 67,000 | $ 77,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 500,000 | $ 500,000 | $ 325,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 88,000 | $ 88,000 | $ 82,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 688,000 | $ 688,000 | $ 240,000 |
| Madison, WI | 1 | $ 379,000 | $ 379,000 | $ 109,000 |
| Oakland-Fremont-Hayward, CA | 1 | $ 370,000 | $ 370,000 | $ 120,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 250,000 | $ 250,000 | $ 151,000 |
| Springfield, MO | 1 | $ 194,000 | $ 194,000 | $ 69,000 |
Mortgage Loan Application Detail Totals for The Group Guaranteed Mortgage 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 641 | $128,055,000 | $199,000 | $736,000 | $92,000 | $609,000 |
| Refinancing | 325 | $72,798,000 | $223,000 | $980,000 | $102,000 | $600,000 |
| Home Improvement | 7 | $1,412,000 | $201,000 | $345,000 | $90,000 | $200,000 |
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 | 730 | $152,214,000 | $208,000 | $980,000 | $94,000 | $609,000 |
| Not Provided | 225 | $46,903,000 | $208,000 | $602,000 | $99,000 | $480,000 |
| Hispanic | 14 | $2,563,000 | $183,000 | $327,000 | $78,000 | $172,000 |
| Asian | 3 | $383,000 | $127,000 | $218,000 | $146,000 | $170,000 |
| American Indian or Alaskan Native | 1 | $202,000 | $202,000 | $202,000 | $51,000 | $51,000 |
| Black or African American | 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) | 677 | $142,214,000 | $210,000 | $980,000 | $108,000 | $609,000 |
| FHA-insured (Federal Housing Administration) | 253 | $49,434,000 | $195,000 | $424,000 | $63,000 | $250,000 |
| VA-guaranteed (Veterans Administration) | 34 | $8,879,000 | $261,000 | $417,000 | $83,000 | $224,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $1,738,000 | $193,000 | $288,000 | $58,000 | $81,000 |
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 | 747 | $154,035,000 | $206,000 | $736,000 | $94,000 | $609,000 |
| Application Withdrawn By Applicant | 113 | $24,053,000 | $212,000 | $980,000 | $113,000 | $600,000 |
| Application Denied By Financial Institution | 112 | $23,856,000 | $213,000 | $688,000 | $87,000 | $300,000 |
| File Closed For Incompleteness | 1 | $321,000 | $321,000 | $321,000 | $62,000 | $62,000 |
| 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 | 49 | $11,417,000 | $233,000 | $688,000 | $110,000 | $300,000 |
| Debt-To-Income Ratio | 30 | $6,691,000 | $223,000 | $417,000 | $64,000 | $151,000 |
| Other | 10 | $1,674,000 | $167,000 | $262,000 | $83,000 | $158,000 |
| Credit History | 10 | $1,637,000 | $163,000 | $399,000 | $82,000 | $300,000 |
| Unverifiable Information | 6 | $1,182,000 | $197,000 | $417,000 | $65,000 | $154,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $756,000 | $189,000 | $289,000 | $61,000 | $113,000 |
| Credit Application Incomplete | 3 | $499,000 | $166,000 | $198,000 | $64,000 | $103,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Group Guaranteed Mortgage'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 The Group Guaranteed Mortgage'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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