Cake Mortgage in Colorado vs the state
13.9%Denial rate-1.74 pts vs state
20.0%Decision denial rate+0.34 pts vs state
55.6%Origination rate-4.46 pts vs state
7.81%Median rate+1.19 pts vs state
1.30Rate spread (pts)+1.15 pts vs state
$287kMedian applicant income
20Loans originated
5Denied
Trend in Colorado
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 10 | 6 | 10.0% | 6.19% | #500 |
| 2024 | 14 | 7 | 0.0% | 7.75% | #450 |
| 2025 | 36 | 20 | 13.9% | 7.81% | #344 |
What Cake Mortgage lends in Colorado
By loan purpose
By loan type
Why it denied Colorado applicants
Where in Colorado
Counties with the most Cake Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Arapahoe County | 7 | 4 | 0 | 0.0% |
| Boulder County | 5 | 3 | 0 | 0.0% |
| Adams County | 5 | 2 | 1 | 20.0% |
| Jefferson County | 4 | 2 | 2 | 50.0% |
| Douglas County | 3 | 2 | 0 | 0.0% |
| Larimer County | 3 | 2 | 0 | 0.0% |
| Grand County | 2 | 2 | 0 | 0.0% |
| Weld County | 2 | 0 | 1 | 50.0% |
| Elbert County | 1 | 0 | 0 | 0.0% |
| Washington County | 1 | 0 | 1 | 100.0% |
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: 36 applications in 2025, of which 20 were originated and 5 denied.
13.9% of all applications, or 20.0% of the applications it actually decided on. The Colorado statewide average across all lenders was 15.6%.
The median rate on loans Cake Mortgage originated in Colorado in 2025 was 7.81%, against a statewide median of 6.63%.
About this data. Figures are Cake Mortgage'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