San Miguel County, Colorado · 2025

Mortgage lenders in San Miguel County, CO: denial rates and top lenders (2025)

112 lenders acted on 421 mortgage applications for properties in San Miguel County in 2025. 18.1% were denied (Colorado: 15.6%). Median rate on closed loans 6.75%; median loan $555,000; median property value $1,645,000.

421Applications
18.1%Denial ratestate 15.6%
6.75%Median ratestate 6.63%
$555,000Median loan
$1,645,000Median property value

Largest lenders in San Miguel County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Alpine Bank B 8065 5.0%8.00%
2 NBH Bank C 3722 13.5%6.87%
3 U.S. Bank D 2911 44.8%6.25%
4 JPMorgan Chase Bank B 1914 10.5%6.19%
5 United Shore Financial Services B 1511 13.3%6.50%
6 Bank of America F 145 35.7%5.25%
7 Guild Mortgage A 105 0.0%6.50%
8 ANB Bank C 94 33.3%6.00%
9 Spring Eq D 92 55.6%7.70%
10 BMO Bank F 93 66.7%6.63%
11 Morgan Stanley Private Bank A 87 0.0%5.70%
12 Pennymac Loan Services C 74 0.0%4.81%
13 Rocket Mortgage C 73 14.3%7.25%
14 Zions Bancorporation B 53 40.0%7.25%
15 The Central Trust Bank C 54 0.0%6.00%
16 The Mortgage Link B 54 0.0%6.69%
17 Newrez D 53 20.0%6.88%

Best approval odds in San Miguel County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Alpine Bank755.3%

What San Miguel County borrowers applied for

By loan purpose

Home purchase 194 46% · 11.3% denied
Refinance 73 17% · 8.2% denied
Cash-out refinance 41 10% · 19.5% denied
Home improvement 45 11% · 31.1% denied
Other / HELOC 68 16% · 38.2% denied

By loan type

Conventional 406 96% · 18.2% denied
FHA 10 2% · 10.0% denied
VA 5 1% · 20.0% denied

Why applications were denied

Debt-to-income ratio 33 43%
Collateral 25 33%
Credit history 7 9%
Incomplete application 6 8%
Other 4 5%
Unverifiable information 1 1%

San Miguel County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202330016518.7%6.75%$625,000
202436020412.5%7.00%$460,000
202542123818.1%6.75%$555,000

Frequently asked questions

18.1% of applications in San Miguel County were denied in 2025, against 15.6% statewide in Colorado.

Alpine Bank, with 80 applications in 2025 and a denial rate of 5.0%.

The median mortgage application in San Miguel County in 2025 was for $555,000; the median property value on originated loans was $1,645,000.