Figure Lending · Colorado · 2025

Figure Lending in Colorado: approval rate, denial rate and rates (2025)

Figure Lending took 1,472 mortgage applications in Colorado in 2025, ranking #40 of 1,114 lenders active in the state. It originated 46.2% of them and denied 29.3% (31.0% of the applications it decided), against a statewide denial rate of 15.6%.

1.5kApplicationsin CO
31.0%Decision denial ratestate 19.7%
8.80%Median ratestate 6.63%
$65,000Median loanstate $325,000
$61MVolume53 counties

Figure Lending in Colorado vs the state

29.3%Denial rate+13.65 pts vs state
31.0%Decision denial rate+11.35 pts vs state
46.2%Origination rate-13.82 pts vs state
8.80%Median rate+2.18 pts vs state
2.33Rate spread (pts)+2.18 pts vs state
$127kMedian applicant income
680Loans originated
431Denied

Trend in Colorado

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,81983132.0%10.55%#31
20242,10396229.0%10.25%#26
20251,47268029.3%8.80%#40

What Figure Lending lends in Colorado

By loan purpose

Home improvement 509 35% · 28.5% denied
Other / HELOC 963 65% · 29.7% denied

By loan type

Conventional 1,472 100% · 29.3% denied

Why it denied Colorado applicants

Debt-to-income ratio 190 44%
Incomplete application 159 37%
Other 31 7%
Credit history 26 6%
Collateral 25 6%

Where in Colorado

Counties with the most Figure Lending applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
El Paso County 1668339 23.5%
Jefferson County 1627841 25.3%
Douglas County 1557452 33.5%
Arapahoe County 1536841 26.8%
Denver County 1426144 31.0%
Adams County 1084736 33.3%
Weld County 914824 26.4%
Larimer County 824623 28.0%
Boulder County 722520 27.8%
Mesa County 391515 38.5%

Other large lenders in Colorado

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 23,1118.8%6.13%
ENT Credit UnionB 13,23820.9%7.50%
Rocket MortgageC 11,48615.7%6.61%
Guild MortgageA 6,2323.1%6.62%
Bellco Credit UnionF 5,86340.9%8.00%
U.S. BankD 4,97836.0%7.95%
American FinancingD 4,93741.3%6.38%
FirstBankC 4,92915.6%7.00%
Canvas Credit UnionC 4,88913.7%7.89%
ElevationsC 4,42610.8%6.88%

Frequently asked questions

Colorado: 1,472 applications in 2025, of which 680 were originated and 431 denied.

29.3% of all applications, or 31.0% of the applications it actually decided on. The Colorado statewide average across all lenders was 15.6%.

The median rate on loans Figure Lending originated in Colorado in 2025 was 8.80%, against a statewide median of 6.63%.

About this data. Figures are Figure Lending'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