Elevations in Colorado vs the state
10.8%Denial rate-4.81 pts vs state
13.4%Decision denial rate-6.22 pts vs state
66.9%Origination rate+6.88 pts vs state
6.88%Median rate+0.25 pts vs state
0.37Rate spread (pts)+0.22 pts vs state
$160kMedian applicant income
2,961Loans originated
479Denied
Trend in Colorado
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 4,425 | 2,966 | 19.5% | 7.99% | #8 |
| 2024 | 4,474 | 2,938 | 14.8% | 7.13% | #11 |
| 2025 | 4,426 | 2,961 | 10.8% | 6.88% | #10 |
What Elevations lends in Colorado
By loan purpose
By loan type
Why it denied Colorado applicants
Where in Colorado
Counties with the most Elevations applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Boulder County | 1,588 | 1,092 | 152 | 9.6% |
| Larimer County | 590 | 388 | 65 | 11.0% |
| Jefferson County | 426 | 320 | 15 | 3.5% |
| Denver County | 426 | 304 | 22 | 5.2% |
| Weld County | 364 | 235 | 42 | 11.5% |
| Adams County | 232 | 144 | 30 | 12.9% |
| Arapahoe County | 168 | 104 | 21 | 12.5% |
| Broomfield County | 143 | 104 | 6 | 4.2% |
| Douglas County | 102 | 65 | 13 | 12.7% |
| Eagle County | 54 | 33 | 9 | 16.7% |
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% |
| Pennymac Loan Services | C | 3,970 | 10.5% | 6.38% |
Frequently asked questions
Colorado: 4,426 applications in 2025, of which 2,961 were originated and 479 denied.
10.8% of all applications, or 13.4% of the applications it actually decided on. The Colorado statewide average across all lenders was 15.6%.
The median rate on loans Elevations originated in Colorado in 2025 was 6.88%, against a statewide median of 6.63%.
About this data. Figures are Elevations'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