Discover Bank in Colorado vs the state
48.5%Denial rate+32.83 pts vs state
71.7%Decision denial rate+52.06 pts vs state
18.7%Origination rate-41.28 pts vs state
8.68%Median rate+2.05 pts vs state
2.02Rate spread (pts)+1.87 pts vs state
$120kMedian applicant income
256Loans originated
662Denied
Trend in Colorado
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 5,213 | 871 | 43.9% | 8.99% | #6 |
| 2024 | 4,478 | 791 | 50.3% | 8.86% | #10 |
| 2025 | 1,366 | 256 | 48.5% | 8.68% | #47 |
What Discover Bank lends in Colorado
By loan purpose
By loan type
Why it denied Colorado applicants
Where in Colorado
Counties with the most Discover Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| El Paso County | 160 | 34 | 82 | 51.3% |
| Arapahoe County | 147 | 28 | 66 | 44.9% |
| Adams County | 143 | 34 | 72 | 50.3% |
| Jefferson County | 136 | 20 | 56 | 41.2% |
| Douglas County | 129 | 34 | 54 | 41.9% |
| Denver County | 122 | 12 | 68 | 55.7% |
| Weld County | 78 | 21 | 31 | 39.7% |
| Larimer County | 74 | 16 | 40 | 54.1% |
| Boulder County | 55 | 8 | 27 | 49.1% |
| Mesa County | 54 | 9 | 25 | 46.3% |
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: 1,366 applications in 2025, of which 256 were originated and 662 denied.
48.5% of all applications, or 71.7% of the applications it actually decided on. The Colorado statewide average across all lenders was 15.6%.
The median rate on loans Discover Bank originated in Colorado in 2025 was 8.68%, against a statewide median of 6.63%.
About this data. Figures are Discover 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