PlainLender

BANK OF COLORADO

FORT COLLINS, CO

BANK OF COLORADO processed 1,931 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,302 loans with a 12.3% denial rate. Home Purchase was the primary loan purpose. Based in FORT COLLINS, CO. The approval rate of 67.4% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. BANK OF COLORADO processed 1,931 HMDA-reported mortgage applications in 2024, originating 1,302 loans and denying 238 for a denial rate of 12.3% (applicants themselves withdrew 351 files before a decision). The average loan amount was $388,004 at a 7.504% average note rate, and applicants self-reported an average income of $35,000. The lender reports under LEI 549300R0DP2GXAIMGB41 from FORT COLLINS, CO.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. BANK OF COLORADO's 67.4% origination rate tells you how often an application turned into funded money; the 12.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,788 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.

1,931
Applications
1,302
Originated
12.3%
Denial Rate
$388,004
Avg Loan Amount
Avg Interest Rate: 7.504% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,788 1,207 229 $393,261
FHA 124 80 9 $308,145
VA 14 11 0 $473,571
USDA 5 4 0 $249,000

Top loan types — BANK OF COLORADO

Top loan types — BANK OF COLORADO Horizontal bar chart of the top 4 items by value (applications). Top loan types — BANK OF COLORADO Top 4 1. Conventional 1,788 2. FHA 124 3. VA 14 4. USDA 5 Top 5 loan types by application volume at BANK OF COLORADO (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for BANK OF COLORADO (LEI: 549300R0DP2GXAIMGB41) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
163
Credit history
117
Collateral
53
Employment history
23
Other
19
Unverifiable information
5
Credit application incomplete
3
Insufficient cash
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 1,009 700 $535,981
Home Improvement 370 254 $146,784
Refinancing 270 184 $368,593
Other 226 134 $167,478
Cash-out Refinancing 56 30 $299,107

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,487 67.9% 11.6%
Joint 36 77.8% 13.9%
Asian 22 50.0% 13.6%
American Indian or Alaska Native 15 46.7% 46.7%
Black or African American 7 28.6% 42.9%
2 or more minority races 1 0.0% 100.0%

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 1,342 68.2% 11.0%
Hispanic or Latino 145 60.0% 21.4%
Joint 62 62.9% 19.4%

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

AMERICAN FINANCING CORPORATION

AURORA, CO

25,138 apps 4,785 originated 52.0% 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
Compare BANK OF COLORADO vs Pulte Mortgage LLC →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did BANK OF COLORADO process?
BANK OF COLORADO processed 1,931 mortgage applications in the 2023 HMDA reporting year. Of these, 1,302 were originated (approved and funded), 351 were withdrawn by the applicant, and 238 were denied.
What is BANK OF COLORADO's mortgage approval rate?
BANK OF COLORADO has an approval (origination) rate of 67.4%, meaning 67.4% of all applications resulted in a funded mortgage. The denial rate is 12.3%.
What is the average loan amount at BANK OF COLORADO?
The average mortgage loan amount at BANK OF COLORADO is $388,004. The average interest rate is 7.504%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at BANK OF COLORADO?
The most common reasons for mortgage denial at BANK OF COLORADO are: Debt-to-income ratio, Credit history, Collateral. In total, 238 applications were denied out of 1,931 total applications.
What types of mortgage loans does BANK OF COLORADO offer?
BANK OF COLORADO processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 1,788 applications and an average loan amount of $393,261.
What loan purposes does BANK OF COLORADO serve?
BANK OF COLORADO serves the following loan purposes: Home Purchase (1,009 applications), Home Improvement (370 applications), Refinancing (270 applications), Other (226 applications), Cash-out Refinancing (56 applications). Home Purchase is the most common purpose.
Where is BANK OF COLORADO located?
BANK OF COLORADO is headquartered in FORT COLLINS, CO. The lender is identified by LEI 549300R0DP2GXAIMGB41 in HMDA data.
How does BANK OF COLORADO compare in lending across racial demographics?
BANK OF COLORADO reports demographic lending data under HMDA requirements. White applicants have an approval rate of 67.9% and denial rate of 11.6%; Joint applicants have an approval rate of 77.8% and denial rate of 13.9%; Asian applicants have an approval rate of 50.0% and denial rate of 13.6%. 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.