States › Colorado › Montrose County
Montrose County, Colorado
Mortgage lending record for properties in the county, calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Lenders reported 1,580 mortgage applications in Montrose County, Colorado, for 2024, and originated 934 loans worth $257m.
That is 51.7 originations per 1,000 households, against 60.3 for Colorado and 48.0 nationally.
The county's denial rate was 21.4%, close to the state rate of 21.6%. The median rate spread on originated loans was 0.4 percentage points and 14.4% of originations were 1.5 points or more above the average prime offer rate.
13 lenders reached 25 applications in the county; the most active by originations were Guild Mortgage Company (141), Rocket Mortgage (90) and United Wholesale Mortgage (66).
Originations were up 5% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Guild Mortgage Company | 199 | 141 | $36m | 3.8% | — |
| 2 | Rocket Mortgage | 110 | 90 | $24m | 14.3% | — |
| 3 | United Wholesale Mortgage | 78 | 66 | $25m | 8.1% | — |
| 4 | Alpine Bank | 77 | 63 | $13m | 11.0% | — |
| 5 | The Central Trust Bank | 78 | 60 | $21m | 1.6% | — |
| 6 | Cornerstone Capital Bank, Ssb | 46 | 36 | $11m | 0.0% | — |
| 7 | Bank of Colorado | 53 | 33 | $8.1m | 24.4% | — |
| 8 | Ark-La-Tex Financial Services LLC | 41 | 29 | $8.9m | 0.0% | — |
| 9 | Us Bank, N.A. | 37 | 15 | $2.4m | 53.1% | — |
| 10 | Discover Bank | 42 | 12 | $1.2m | 58.6% | — |
| 11 | Bellco Credit Union | 25 | 11 | $835k | 56.0% | — |
| 12 | BMO Harris Bank NA | 33 | 10 | $3.0m | — | — |
| 13 | 21st Mortgage | 62 | 9 | $835k | 77.5% | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 13. Denial rate is denials over decided applications in this county.
Compared with Colorado and the nation
| Measure | This county | Colorado | United States |
|---|---|---|---|
| Denial rate | 21.4% | 21.6% | 24.3% |
| Median rate spread, pp | 0.4 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 14.4% | 14.7% | 15.6% |
| Average originated loan | $275k | $416k | $329k |
| Originations per 1,000 households | 51.7 | 60.3 | 48.0 |
| Home purchase share of originations | 55.2% | 55.7% | 57.0% |
| FHA-insured share | 15.2% | 12.3% | 13.4% |
| VA-guaranteed share | 7.7% | 9.7% | 7.9% |
Rate spread distribution
Share of 834 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: Colorado). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.
Loan purpose and loan type
By purpose
Home purchase 55% (516)Home improvement 7% (63)Refinancing 13% (121)Cash-out refinancing 15% (144)Other purpose 10% (90)
By type
Conventional 77% (719)FHA 15% (142)VA 8% (72)USDA 0% (1)
Trend by year
ApplicationsOriginations
This countyColorado
Questions and answers
Which lenders are most active in Montrose County, CO?
By 2024 originations: Guild Mortgage Company (141), Rocket Mortgage (90), United Wholesale Mortgage (66), Alpine Bank (63), The Central Trust Bank (60). 13 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Montrose County?
21.4% of decided applications were denied in 2024, against 21.6% across Colorado and 24.3% nationally.
How many mortgages were originated in Montrose County in 2024?
934 loans totalling $257m, from 1,580 applications; 51.7 originations per 1,000 households.
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 08085; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.