Summit County, Colorado · 2025

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

262 lenders acted on 2,430 mortgage applications for properties in Summit County in 2025. 15.8% were denied (Colorado: 15.6%). Median rate on closed loans 6.63%; median loan $505,000; median property value $1,065,000.

2.4kApplications
15.8%Denial ratestate 15.6%
6.63%Median ratestate 6.63%
$505,000Median loan
$1,065,000Median property value

Largest lenders in Summit County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 BOKF D 194145 6.2%6.50%
2 FirstBank C 184121 13.0%6.50%
3 United Shore Financial Services B 183136 13.7%6.53%
4 Alpine Bank B 10973 12.8%8.13%
5 Movement Mortgage A 8266 3.7%6.88%
6 U.S. Bank D 7830 46.2%6.89%
7 Broker Solutions D 6650 1.5%6.50%
8 JPMorgan Chase Bank B 6345 11.1%6.25%
9 Pennymac Loan Services C 6133 21.3%6.50%
10 Newrez D 5028 0.0%6.50%
11 Rocket Mortgage C 5030 36.0%6.99%
12 The Loan Store B 4231 7.1%6.63%
13 BMO Bank F 4112 43.9%6.19%
14 Bank of America F 3817 21.1%5.50%
15 Megastar Financial A 3322 0.0%6.50%
16 ENT Credit Union B 3218 25.0%7.50%
17 CMG Mortgage A 3221 3.1%6.75%
18 Crosscountry Mortgage B 2919 3.5%6.99%
19 Wells Fargo Bank B 2812 32.1%5.56%
20 Spring Eq D 279 55.6%8.13%
21 Zions Bancorporation B 2515 32.0%7.85%
22 Guaranteed Rate B 2512 4.0%6.88%
23 Elevations C 2521 8.0%6.88%
24 Fairway Independent Mortgage B 2411 12.5%6.88%
25 Morgan Stanley Private Bank A 2421 0.0%5.60%

Best approval odds in Summit County

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

#LenderDecidedDecision denial rate
1Broker Solutions512.0%
2Movement Mortgage734.1%
3BOKF1587.6%
4JPMorgan Chase Bank5213.5%
5Alpine Bank9315.1%
6United Shore Financial Services16115.5%
7FirstBank14516.6%
8U.S. Bank6753.7%

What Summit County borrowers applied for

By loan purpose

Home purchase 1,282 53% · 9.7% denied
Refinance 426 18% · 16.0% denied
Cash-out refinance 269 11% · 23.4% denied
Home improvement 198 8% · 24.2% denied
Other / HELOC 255 10% · 31.8% denied

By loan type

Conventional 2,357 97% · 15.7% denied
FHA 43 2% · 27.9% denied
VA 28 1% · 7.1% denied
USDA / RHS 2 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 160 42%
Collateral 101 26%
Incomplete application 46 12%
Credit history 31 8%
Other 20 5%
Unverifiable information 18 5%
Insufficient cash 6 2%
Employment history 2 1%

Summit County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,8331,17714.4%7.00%$475,000
20242,0691,24315.4%6.88%$485,000
20252,4301,47115.8%6.63%$505,000

Frequently asked questions

15.8% of applications in Summit County were denied in 2025, against 15.6% statewide in Colorado.

BOKF, with 194 applications in 2025 and a denial rate of 6.2%.

The median mortgage application in Summit County in 2025 was for $505,000; the median property value on originated loans was $1,065,000.