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Red Rocks CU

Littleton, CO

Red Rocks CU processed 267 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 181 loans with a 11.6% denial rate. Cash-out Refinancing was the primary loan purpose. Based in Littleton, CO. The approval rate of 67.8% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Red Rocks CU's 67.8% origination rate tells you how often an application turned into funded money; the 11.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit application incomplete, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (267 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.

267
Applications
181
Originated
11.6%
Denial Rate
$132,041
Avg Loan Amount
Avg Interest Rate: 9.408% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 267 181 31 $132,041

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Red Rocks CU (LEI: 5493009NZUFSRFRWTY71) · 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 Approval rates exclude withdrawn / incomplete applications.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

Debt-to-income ratio
17
Credit application incomplete
8
Credit history
5
Collateral
3
Other
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 100 77 $144,200
Home Improvement 67 50 $127,090
Other 49 41 $103,571
Home Purchase 37 9 $140,135
Refinancing 14 4 $147,143

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 228 74.1% 9.7%
Black or African American * 9 55.6% 33.3%
Asian * 6 16.7% 16.7%
American Indian or Alaska Native * 1 0.0% 100.0%
Joint * 1 0.0% 100.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

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 225 73.3% 10.7%
Hispanic or Latino * 20 50.0% 20.0%
Joint * 2 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

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 Red Rocks CU vs Pulte Mortgage LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Red Rocks CU process?
Red Rocks CU processed 267 mortgage applications in the 2024 HMDA reporting year. Of these, 181 were originated (approved and funded), 44 were withdrawn by the applicant, and 31 were denied.
What is Red Rocks CU's mortgage approval rate?
Red Rocks CU has an approval (origination) rate of 67.8%, meaning 67.8% of all applications resulted in a funded mortgage. The denial rate is 11.6%.
What is the average loan amount at Red Rocks CU?
The average mortgage loan amount at Red Rocks CU is $132,041. The average interest rate is 9.408%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at Red Rocks CU?
The most common reasons for mortgage denial at Red Rocks CU are: Debt-to-income ratio, Credit application incomplete, Credit history. In total, 31 applications were denied out of 267 total applications.
What types of mortgage loans does Red Rocks CU offer?
Red Rocks CU processes Conventional loans. The most common type is Conventional with 267 applications and an average loan amount of $132,041.
What loan purposes does Red Rocks CU serve?
Red Rocks CU serves the following loan purposes: Cash-out Refinancing (100 applications), Home Improvement (67 applications), Other (49 applications), Home Purchase (37 applications), Refinancing (14 applications). Cash-out Refinancing is the most common purpose.
Where is Red Rocks CU located?
Red Rocks CU is headquartered in Littleton, CO. The lender is identified by LEI 5493009NZUFSRFRWTY71 in HMDA data.
How does Red Rocks CU compare in lending across racial demographics?
Red Rocks CU reports demographic lending data under HMDA requirements. White applicants have an approval rate of 74.1% and denial rate of 9.7%; Black or African American applicants have an approval rate of 55.6% and denial rate of 33.3%; Asian applicants have an approval rate of 16.7% and denial rate of 16.7%. 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.