BMO Bank in Colorado vs the state
33.5%Denial rate+17.88 pts vs state
42.7%Decision denial rate+23.06 pts vs state
43.5%Origination rate-16.48 pts vs state
8.13%Median rate+1.51 pts vs state
0.89Rate spread (pts)+0.74 pts vs state
$116kMedian applicant income
755Loans originated
581Denied
Trend in Colorado
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,422 | 660 | 33.9% | 7.66% | #44 |
| 2024 | 1,773 | 713 | 33.2% | 8.45% | #31 |
| 2025 | 1,734 | 755 | 33.5% | 8.13% | #34 |
What BMO Bank lends in Colorado
By loan purpose
By loan type
Why it denied Colorado applicants
Where in Colorado
Counties with the most BMO Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Jefferson County | 254 | 112 | 73 | 28.7% |
| Denver County | 238 | 125 | 62 | 26.1% |
| Arapahoe County | 191 | 79 | 65 | 34.0% |
| Adams County | 166 | 66 | 70 | 42.2% |
| Douglas County | 105 | 45 | 29 | 27.6% |
| Boulder County | 83 | 42 | 23 | 27.7% |
| Larimer County | 75 | 34 | 26 | 34.7% |
| Mesa County | 72 | 35 | 18 | 25.0% |
| Weld County | 65 | 20 | 29 | 44.6% |
| Logan County | 44 | 18 | 15 | 34.1% |
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: 1,734 applications in 2025, of which 755 were originated and 581 denied.
33.5% of all applications, or 42.7% of the applications it actually decided on. The Colorado statewide average across all lenders was 15.6%.
The median rate on loans BMO Bank originated in Colorado in 2025 was 8.13%, against a statewide median of 6.63%.
About this data. Figures are BMO Bank'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