USAA Federal Savings Bank · Colorado · 2025

USAA Federal Savings Bank in Colorado: approval rate, denial rate and rates (2025)

USAA Federal Savings Bank took 584 mortgage applications in Colorado in 2025, ranking #97 of 1,114 lenders active in the state. It originated 37.8% of them and denied 28.8% (42.6% of the applications it decided), against a statewide denial rate of 15.6%.

584Applicationsin CO
42.6%Decision denial ratestate 19.7%
6.25%Median ratestate 6.63%
$435,000Median loanstate $325,000
$98MVolume45 counties

USAA Federal Savings Bank in Colorado vs the state

28.8%Denial rate+13.14 pts vs state
42.6%Decision denial rate+22.98 pts vs state
37.8%Origination rate-22.18 pts vs state
6.25%Median rate-0.38 pts vs state
-0.15Rate spread (pts)-0.30 pts vs state
$152kMedian applicant income
221Loans originated
168Denied

Trend in Colorado

YearApplicationsOriginatedDenial rateMedian rateRank in state
202356924617.1%6.25%#89
202466328523.1%6.38%#82
202558422128.8%6.25%#97

What USAA Federal Savings Bank lends in Colorado

By loan purpose

Home purchase 465 80% · 27.3% denied
Refinance 40 7% · 37.5% denied
Cash-out refinance 65 11% · 36.9% denied
Home improvement 4 1% · 25.0% denied
Other / HELOC 10 2% · 10.0% denied

By loan type

Conventional 268 46% · 32.1% denied
VA 316 54% · 26.0% denied

Why it denied Colorado applicants

Incomplete application 88 52%
Debt-to-income ratio 35 21%
Other 14 8%
Unverifiable information 10 6%
Collateral 8 5%
Credit history 7 4%
Insufficient cash 6 4%

Where in Colorado

Counties with the most USAA Federal Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
El Paso County 1476837 25.2%
Denver County 541723 42.6%
Larimer County 471411 23.4%
Douglas County 431415 34.9%
Jefferson County 421112 28.6%
Arapahoe County 39139 23.1%
Adams County 27144 14.8%
Weld County 2267 31.8%
Pueblo County 2069 45.0%
Boulder County 2056 30.0%

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: 584 applications in 2025, of which 221 were originated and 168 denied.

28.8% of all applications, or 42.6% of the applications it actually decided on. The Colorado statewide average across all lenders was 15.6%.

The median rate on loans USAA Federal Savings Bank originated in Colorado in 2025 was 6.25%, against a statewide median of 6.63%.

About this data. Figures are USAA Federal Savings 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