Wells Fargo Bank · Colorado · 2025

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

Wells Fargo Bank took 1,271 mortgage applications in Colorado in 2025, ranking #51 of 1,114 lenders active in the state. It originated 51.4% of them and denied 17.7% (25.6% of the applications it decided), against a statewide denial rate of 15.6%.

1.3kApplicationsin CO
25.6%Decision denial ratestate 19.7%
6.25%Median ratestate 6.63%
$375,000Median loanstate $325,000
$1.3BVolume48 counties

Wells Fargo Bank in Colorado vs the state

17.7%Denial rate+2.07 pts vs state
25.6%Decision denial rate+5.91 pts vs state
51.4%Origination rate-8.64 pts vs state
6.25%Median rate-0.38 pts vs state
0.00Rate spread (pts)-0.15 pts vs state
$130kMedian applicant income
653Loans originated
225Denied

Trend in Colorado

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,68886419.8%6.01%#35
20241,18453120.9%6.50%#51
20251,27165317.7%6.25%#51

What Wells Fargo Bank lends in Colorado

By loan purpose

Home purchase 725 57% · 13.0% denied
Refinance 118 9% · 20.3% denied
Cash-out refinance 278 22% · 27.0% denied
Home improvement 46 4% · 15.2% denied
Other / HELOC 104 8% · 24.0% denied

By loan type

Conventional 1,191 94% · 16.7% denied
FHA 50 4% · 42.0% denied
VA 30 2% · 16.7% denied

Why it denied Colorado applicants

Debt-to-income ratio 125 56%
Collateral 55 24%
Other 21 9%
Credit history 14 6%
Insufficient cash 6 3%
Unverifiable information 2 1%
Incomplete application 2 1%

Where in Colorado

Counties with the most Wells Fargo Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Denver County 1416824 17.0%
Jefferson County 1398222 15.8%
Arapahoe County 1387118 13.0%
Douglas County 1166311 9.5%
El Paso County 1094531 28.4%
Boulder County 78417 9.0%
Adams County 754014 18.7%
Weld County 563311 19.6%
Larimer County 53298 15.1%
Mesa County 482410 20.8%

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: 1,271 applications in 2025, of which 653 were originated and 225 denied.

17.7% of all applications, or 25.6% of the applications it actually decided on. The Colorado statewide average across all lenders was 15.6%.

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

About this data. Figures are Wells Fargo 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