The Colorado Bank & Trust Company Of La Junta Mortgage Rates, Fees & Info
La Junta, COLEI: 2549008POZ7T1PJYBU80
Tax ID: 84-0174015
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Colorado Bank & Trust Company Of La Junta is a smaller bank specializing in Home Purchase and Refi loans. The Colorado Bank & Trust Company Of La Junta has a high proportion of conventional loans. Their top two markets are Pueblo and Cañon City .The Colorado Bank & Trust Company Of La Junta has an above average approval rate when compared to the average across all lenders.
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Originations
19Origination Dollar Volume (All Markets)
$3,155,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PUEBLO, CO (FHA|USDA|VA) | 15 | $2,805,000 | $187,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $295,000 | $98,333 | $0 | 0.00% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 19 | $3,155,000 | $166,053 | $0 | 0.00% |
For 2023, The Colorado Bank & Trust Company Of La Junta's most frequently originated type of loan was Conventional, with 19 originations.
Loan Reason
For 2023, The Colorado Bank & Trust Company Of La Junta's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 19 | $3,155,000 | $166,053 | $0 | 0.00% |
For 2023, The Colorado Bank & Trust Company Of La Junta's most frequently cited loan duration was Other, with 19 originations.
Loan Sizing
2023 saw The Colorado Bank & Trust Company Of La Junta place emphasis on $100,000 or less loans with 7 originations, totaling $415,000 in origination value.
Applicant Income
The Colorado Bank & Trust Company Of La Junta lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $75k-100k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 19 | $3,155,000 | $166,053 | $0 | 0.00% |
The Colorado Bank & Trust Company Of La Junta lent most frequently to those with DTI ratios of Exempt%, with 19 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 15 | $2,045,000 | $136,333 | $0 | 0.00% |
| Not applicable | 4 | $1,110,000 | $277,500 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
The Colorado Bank & Trust Company Of La Junta has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 19 | $3,155,000 | $166,053 |