FirstBank · Colorado · 2025

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

FirstBank took 4,929 mortgage applications in Colorado in 2025, ranking #8 of 1,114 lenders active in the state. It originated 61.7% of them and denied 15.6% (19.8% of the applications it decided), against a statewide denial rate of 15.6%.

4.9kApplicationsin CO
19.8%Decision denial ratestate 19.7%
7.00%Median ratestate 6.63%
$225,000Median loanstate $325,000
$1.3BVolume36 counties

FirstBank in Colorado vs the state

15.6%Denial rate+0.01 pts vs state
19.8%Decision denial rate+0.14 pts vs state
61.7%Origination rate+1.68 pts vs state
7.00%Median rate+0.38 pts vs state
0.16Rate spread (pts)+0.01 pts vs state
$149kMedian applicant income
3,041Loans originated
771Denied

Trend in Colorado

YearApplicationsOriginatedDenial rateMedian rateRank in state
20235,0353,10913.7%7.75%#7
20244,9293,07313.5%7.63%#7
20254,9293,04115.6%7.00%#8

What FirstBank lends in Colorado

By loan purpose

Home purchase 1,701 35% · 6.6% denied
Refinance 1,160 24% · 15.3% denied
Cash-out refinance 25 1% · 32.0% denied
Home improvement 1,279 26% · 20.4% denied
Other / HELOC 764 16% · 27.9% denied

By loan type

Conventional 4,924 100% · 15.6% denied
FHA 5 0% · 40.0% denied

Why it denied Colorado applicants

Debt-to-income ratio 504 65%
Credit history 110 14%
Other 97 13%
Collateral 49 6%
Unverifiable information 7 1%
Mortgage insurance denied 3 0%
Employment history 1 0%

Where in Colorado

Counties with the most FirstBank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Jefferson County 801488127 15.9%
Denver County 61335793 15.2%
Arapahoe County 53131299 18.6%
Adams County 39223287 22.2%
Eagle County 38528235 9.1%
Douglas County 38224348 12.6%
Larimer County 35625331 8.7%
Boulder County 33819752 15.4%
Weld County 33718579 23.4%
El Paso County 23513443 18.3%

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%
Canvas Credit UnionC 4,88913.7%7.89%
ElevationsC 4,42610.8%6.88%
Pennymac Loan ServicesC 3,97010.5%6.38%

Frequently asked questions

Colorado: 4,929 applications in 2025, of which 3,041 were originated and 771 denied.

15.6% of all applications, or 19.8% of the applications it actually decided on. The Colorado statewide average across all lenders was 15.6%.

The median rate on loans FirstBank originated in Colorado in 2025 was 7.00%, against a statewide median of 6.63%.

About this data. Figures are FirstBank'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