PNC Bank · Colorado · 2025

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

PNC Bank took 1,325 mortgage applications in Colorado in 2025, ranking #48 of 1,114 lenders active in the state. It originated 45.5% of them and denied 30.2% (38.6% of the applications it decided), against a statewide denial rate of 15.6%.

1.3kApplicationsin CO
38.6%Decision denial ratestate 19.7%
7.69%Median ratestate 6.63%
$155,000Median loanstate $325,000
$336MVolume40 counties

PNC Bank in Colorado vs the state

30.2%Denial rate+14.56 pts vs state
38.6%Decision denial rate+18.91 pts vs state
45.5%Origination rate-14.51 pts vs state
7.69%Median rate+1.07 pts vs state
0.62Rate spread (pts)+0.47 pts vs state
$133kMedian applicant income
603Loans originated
400Denied

Trend in Colorado

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,57184224.2%8.30%#40
20241,20356626.0%9.07%#49
20251,32560330.2%7.69%#48

What PNC Bank lends in Colorado

By loan purpose

Home purchase 240 18% · 15.8% denied
Refinance 266 20% · 33.1% denied
Cash-out refinance 29 2% · 6.9% denied
Home improvement 443 33% · 30.9% denied
Other / HELOC 347 26% · 38.9% denied

By loan type

Conventional 1,312 99% · 30.0% denied
FHA 10 1% · 50.0% denied
VA 3 0% · 33.3% denied

Why it denied Colorado applicants

Debt-to-income ratio 194 49%
Credit history 116 29%
Incomplete application 44 11%
Collateral 36 9%
Other 9 2%
Employment history 1 0%

Where in Colorado

Counties with the most PNC Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Arapahoe County 20010254 27.0%
Denver County 1979353 26.9%
Douglas County 1739042 24.3%
Adams County 1566164 41.0%
Jefferson County 1316532 24.4%
El Paso County 903529 32.2%
Boulder County 803526 32.5%
Weld County 742927 36.5%
Larimer County 703422 31.4%
Mesa County 21411 52.4%

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: 1,325 applications in 2025, of which 603 were originated and 400 denied.

30.2% of all applications, or 38.6% of the applications it actually decided on. The Colorado statewide average across all lenders was 15.6%.

The median rate on loans PNC Bank originated in Colorado in 2025 was 7.69%, against a statewide median of 6.63%.

About this data. Figures are PNC 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