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American Financing Corporation

AURORA, CO

American Financing Corporation processed 25,138 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 4,785 loans with a 52.0% denial rate. Cash-out Refinancing was the primary loan purpose. Based in AURORA, CO. The approval rate of 19.0% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. American Financing Corporation's 19.0% origination rate tells you how often an application turned into funded money; the 52.0% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Other, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in FHA loans (14,051 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

25,138
Applications
4,785
Originated
52.0%
Denial Rate
$264,132
Avg Loan Amount
Avg Interest Rate: 6.391% Avg Applicant Income: $39,000

Lending Activity

Type Applications Originated Denied Avg Loan
FHA 14,051 2,293 8,338 $267,535
Conventional 9,637 2,157 4,017 $244,918
VA 1,433 331 707 $360,527
USDA 17 4 2 $217,941

Top loan types - American Financing Corporation

Top loan types - American Financing Corporation Horizontal bar chart of the top 4 items by value (applications). Top loan types - American Financing Corporation Top 4 1. FHA 14,051 2. Conventional 9,637 3. VA 1,433 4. USDA 17 Top 5 loan types by application volume at American Financing Corporation (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for American Financing Corporation (LEI: 549300ALNLUNS3Y53T24) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
4,692
Other
3,452
Debt-to-income ratio
2,485
Credit application incomplete
1,139
Collateral
997
Unverifiable information
134
Employment history
107
Insufficient cash
70

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 15,871 3,352 $255,800
Refinancing 5,462 338 $307,314
Home Purchase 2,853 769 $287,243
Other 952 326 $86,029

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 16,227 21.1% 48.6%
Black or African American 4,311 14.2% 62.6%
Joint 574 21.3% 48.6%
Asian 385 11.4% 57.1%
American Indian or Alaska Native 324 15.7% 59.0%
2 or more minority races 81 12.3% 59.3%
Native Hawaiian or Other Pacific Islander 80 11.3% 56.3%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 19,987 19.4% 52.0%
Hispanic or Latino 2,440 15.4% 55.3%
Joint 719 22.0% 44.9%

Nearby Lenders in CO

Other HMDA-reporting lenders in CO with similar activity. Compare any two side-by-side.

Pulte Mortgage LLC

Englewood, CO

28,004 apps 19,692 originated 10.9% denied

Ent Credit Union (68671)

COLORADO SPRINGS, CO

12,486 apps 7,861 originated 23.0% denied

Bellco Credit Union

GREENWOOD VILLAGE, CO

9,877 apps 4,150 originated 30.7% denied

Mortgage Solutions of Colorado

Colorado Springs, CO

9,759 apps 5,786 originated 3.7% denied

HomeAmerican Mortgage Corporation

Denver, CO

9,420 apps 7,317 originated 8.8% denied
Compare American Financing Corporation vs Pulte Mortgage LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did American Financing Corporation process?
American Financing Corporation processed 25,138 mortgage applications in the 2024 HMDA reporting year. Of these, 4,785 were originated (approved and funded), 4,313 were withdrawn by the applicant, and 13,064 were denied.
What is American Financing Corporation's mortgage approval rate?
American Financing Corporation has an approval (origination) rate of 19.0%, meaning 19.0% of all applications resulted in a funded mortgage. The denial rate is 52.0%.
What is the average loan amount at American Financing Corporation?
The average mortgage loan amount at American Financing Corporation is $264,132. The average interest rate is 6.391%. The average applicant income is $39,000.
What are the most common reasons for mortgage denial at American Financing Corporation?
The most common reasons for mortgage denial at American Financing Corporation are: Credit history, Other, Debt-to-income ratio. In total, 13,064 applications were denied out of 25,138 total applications.
What types of mortgage loans does American Financing Corporation offer?
American Financing Corporation processes FHA, Conventional, VA, USDA loans. The most common type is FHA with 14,051 applications and an average loan amount of $267,535.
What loan purposes does American Financing Corporation serve?
American Financing Corporation serves the following loan purposes: Cash-out Refinancing (15,871 applications), Refinancing (5,462 applications), Home Purchase (2,853 applications), Other (952 applications). Cash-out Refinancing is the most common purpose.
Where is American Financing Corporation located?
American Financing Corporation is headquartered in AURORA, CO. The lender is identified by LEI 549300ALNLUNS3Y53T24 in HMDA data.
How does American Financing Corporation compare in lending across racial demographics?
American Financing Corporation reports demographic lending data under HMDA requirements. White applicants have an approval rate of 21.1% and denial rate of 48.6%; Black or African American applicants have an approval rate of 14.2% and denial rate of 62.6%; Joint applicants have an approval rate of 21.3% and denial rate of 48.6%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.