Colorado Mortgage Lending
957 lenders reporting under HMDA
Statewide mortgage activity. Lenders filed 267,434 HMDA-reported mortgage applications in Colorado in 2024, originating 143,013 loans and denying 41,918. That puts the statewide denial rate at 15.7% and the approval (origination) rate at 53.5%. The average loan amount across Colorado was $393,172 at an average note rate of 7.11%. 957 distinct institutions — banks, credit unions, and independent mortgage companies — filed HMDA data covering activity in the state. Applications span 64 counties and 8 metropolitan areas.
What drives state-level differences. State mortgage denial rates reflect applicant mix more than lender stance. Credit profiles, loan-to-value ratios, debt-to-income, property type, and rural-versus-urban composition all move the number before any lender policy does. Demographic lending data reported under HMDA shows variation across applicant groups — for example, White applicants had an approval rate of 60.9% and denial rate of 16.2%; while Asian applicants had an approval rate of 58.0% and denial rate of 16.4%. These are derived race categories as reported by applicants and do not by themselves prove causation; credit score, income, and loan-to-value are not reported in HMDA and drive much of the underlying variation. Top counties by volume include El Paso County, Arapahoe County, Adams County.
How to read this page. These are aggregate 2024 HMDA disclosures published by the Consumer Financial Protection Bureau — a federal transparency dataset, not a real-time market feed. A state-level number is useful for context but cannot tell you what rate, fees, or underwriting any individual lender will offer a specific borrower. This page is informational data reporting, not financial, legal, or mortgage advice. Shop at least three lenders, compare Loan Estimates line-by-line, and consult a licensed mortgage professional before applying. Data reflects the CFPB HMDA 2024 Snapshot National Loan-Level Dataset; demographic fields reflect derived categories as reported by applicants.
Nearby Lenders in Colorado
Top HMDA-reporting lenders active in Colorado. Compare any two side-by-side for rates, denial rates, and loan mix.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | United Wholesale Mortgage | 15,733 | 11.0% |
| 2 | ENT CREDIT UNION (68671) | 7,858 | 5.5% |
| 3 | ROCKET MORTGAGE | 7,250 | 5.1% |
| 4 | BELLCO CREDIT UNION | 4,136 | 2.9% |
| 5 | GUILD MORTGAGE COMPANY | 3,713 | 2.6% |
Lending by Race in Colorado
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 171,611 | 60.9% | 16.2% |
| Asian | 9,131 | 58.0% | 16.4% |
| Black or African American | 7,349 | 49.0% | 25.2% |
| Joint | 6,971 | 63.7% | 13.7% |
| American Indian or Alaska Native | 2,409 | 46.0% | 27.7% |
| 2 or more minority races | 540 | 47.8% | 28.7% |
| Native Hawaiian or Other Pacific Islander | 497 | 48.3% | 23.9% |
Counties in Colorado
| County | Applications | Originated | Denial Rate | Avg Loan |
|---|---|---|---|---|
| El Paso County | 37,059 | 20,327 | 13.9% | $350,175 |
| Arapahoe County | 27,765 | 14,687 | 16.5% | $372,057 |
| Adams County | 26,997 | 13,324 | 20.1% | $347,321 |
| Denver County | 25,838 | 14,158 | 14.5% | $451,859 |
| Jefferson County | 25,244 | 13,946 | 14.6% | $392,994 |
| Douglas County | 21,187 | 11,802 | 12.5% | $451,635 |
| Weld County | 20,125 | 10,396 | 18.0% | $313,996 |
| Larimer County | 15,917 | 8,742 | 13.9% | $360,319 |
| Boulder County | 10,666 | 6,078 | 13.4% | $520,203 |
| Mesa County | 8,177 | 4,341 | 14.4% | $260,550 |
| Pueblo County | 8,098 | 4,240 | 17.6% | $231,094 |
| Garfield County | 2,994 | 1,483 | 20.8% | $424,065 |
| Broomfield County | 2,798 | 1,577 | 13.7% | $399,039 |
| Elbert County | 2,490 | 1,307 | 15.1% | $415,522 |
| Eagle County | 2,267 | 1,237 | 15.5% | $852,106 |
| La Plata County | 2,196 | 1,211 | 14.9% | $794,321 |
| Summit County | 2,180 | 1,242 | 14.6% | $672,505 |
| Fremont County | 2,154 | 1,087 | 17.8% | $228,519 |
| Montrose County | 1,754 | 932 | 15.4% | $259,464 |
| Teller County | 1,692 | 919 | 14.3% | $321,974 |
| Park County | 1,651 | 824 | 17.5% | $347,768 |
| Grand County | 1,608 | 886 | 16.2% | $1,061,723 |
| Delta County | 1,375 | 688 | 16.4% | $232,818 |
| Routt County | 1,167 | 624 | 12.8% | $640,536 |
| Morgan County | 1,114 | 591 | 17.3% | $248,196 |
| Chaffee County | 970 | 562 | 14.6% | $405,515 |
| Pitkin County | 886 | 501 | 15.3% | $2,391,456 |
| Archuleta County | 771 | 398 | 13.4% | $400,927 |
| Montezuma County | 753 | 376 | 18.1% | $261,467 |
| Gunnison County | 736 | 390 | 14.7% | $531,087 |
| Logan County | 732 | 408 | 15.2% | $179,740 |
| Otero County | 602 | 301 | 18.9% | $160,100 |
| Moffat County | 556 | 285 | 15.5% | $234,191 |
| Clear Creek County | 547 | 266 | 19.4% | $369,260 |
| Las Animas County | 442 | 183 | 20.4% | $202,330 |
| Lake County | 425 | 217 | 18.4% | $323,424 |
| Gilpin County | 377 | 205 | 16.4% | $336,751 |
| San Miguel County | 377 | 204 | 11.9% | $930,597 |
| Custer County | 340 | 176 | 17.6% | $287,118 |
| Alamosa County | 328 | 139 | 22.9% | $193,262 |
| Huerfano County | 299 | 137 | 22.4% | $211,355 |
| Rio Grande County | 286 | 137 | 22.0% | $234,825 |
| Prowers County | 263 | 129 | 23.6% | $154,354 |
| Rio Blanco County | 250 | 116 | 16.0% | $221,880 |
| Saguache County | 228 | 94 | 23.7% | $211,272 |
| Ouray County | 223 | 130 | 13.9% | $531,547 |
| Yuma County | 191 | 106 | 16.8% | $179,607 |
| Kit Carson County | 187 | 94 | 19.3% | $209,385 |
| Lincoln County | 160 | 81 | 20.6% | $209,000 |
| Washington County | 158 | 92 | 13.9% | $160,063 |
| Costilla County | 145 | 59 | 24.1% | $210,931 |
| Phillips County | 133 | 68 | 21.8% | $181,992 |
| Conejos County | 107 | 55 | 17.8% | $198,832 |
| Crowley County | 107 | 48 | 29.9% | $152,009 |
| Bent County | 96 | 40 | 21.9% | $162,917 |
| Sedgwick County | 85 | 43 | 16.5% | $124,176 |
| Dolores County | 55 | 24 | 29.1% | $218,273 |
| Mineral County | 51 | 27 | 17.6% | $307,353 |
| Baca County | 51 | 26 | 29.4% | $136,373 |
| Cheyenne County | 48 | 28 | 22.9% | $130,625 |
| San Juan County | 46 | 24 | 23.9% | $330,435 |
| Hinsdale County | 44 | 22 | 27.3% | $322,727 |
| Jackson County | 36 | 18 | 13.9% | $246,667 |
| Kiowa County | 22 | 9 | 40.9% | $115,000 |
Metro Areas in Colorado
Frequently Asked Questions
How many mortgage applications were filed in Colorado?
What is the mortgage denial rate in Colorado?
What is the average mortgage loan amount in Colorado?
How many mortgage lenders operate in Colorado?
How do mortgage denial rates vary by demographics in Colorado?
Which counties in Colorado have the most mortgage activity?
Mortgage Lending Guides
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. State geography per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Demographic data reflects derived categories as reported by applicants. Provided for informational purposes only.
Read our methodology — how this data is sourced, computed, and verified.
