Bay Equity in Colorado vs the state
3.1%Denial rate-12.50 pts vs state
4.8%Decision denial rate-14.90 pts vs state
61.9%Origination rate+1.91 pts vs state
6.75%Median rate+0.13 pts vs state
0.19Rate spread (pts)+0.04 pts vs state
$139kMedian applicant income
257Loans originated
13Denied
Trend in Colorado
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 923 | 638 | 2.2% | 6.75% | #65 |
| 2024 | 962 | 635 | 2.8% | 6.75% | #57 |
| 2025 | 415 | 257 | 3.1% | 6.75% | #118 |
What Bay Equity lends in Colorado
By loan purpose
By loan type
Why it denied Colorado applicants
Where in Colorado
Counties with the most Bay Equity applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Garfield County | 110 | 66 | 7 | 6.4% |
| El Paso County | 86 | 54 | 2 | 2.3% |
| Arapahoe County | 34 | 23 | 0 | 0.0% |
| Douglas County | 29 | 21 | 0 | 0.0% |
| Jefferson County | 27 | 22 | 0 | 0.0% |
| Denver County | 26 | 12 | 1 | 3.8% |
| Adams County | 19 | 11 | 1 | 5.3% |
| Weld County | 11 | 6 | 1 | 9.1% |
| Boulder County | 10 | 7 | 0 | 0.0% |
| Mesa County | 10 | 9 | 0 | 0.0% |
Other large lenders in Colorado
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 23,111 | 8.8% | 6.13% |
| ENT Credit Union | B | 13,238 | 20.9% | 7.50% |
| Rocket Mortgage | C | 11,486 | 15.7% | 6.61% |
| Guild Mortgage | A | 6,232 | 3.1% | 6.62% |
| Bellco Credit Union | F | 5,863 | 40.9% | 8.00% |
| U.S. Bank | D | 4,978 | 36.0% | 7.95% |
| American Financing | D | 4,937 | 41.3% | 6.38% |
| FirstBank | C | 4,929 | 15.6% | 7.00% |
| Canvas Credit Union | C | 4,889 | 13.7% | 7.89% |
| Elevations | C | 4,426 | 10.8% | 6.88% |
Frequently asked questions
Colorado: 415 applications in 2025, of which 257 were originated and 13 denied.
3.1% of all applications, or 4.8% of the applications it actually decided on. The Colorado statewide average across all lenders was 15.6%.
The median rate on loans Bay Equity originated in Colorado in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Bay Equity's own HMDA filing for properties located in Colorado, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology