The Colorado Bank & Trust Company Of La Junta Mortgage Rates, Fees & Info
La Junta, COLEI: 2549008POZ7T1PJYBU80
Tax ID: 84-0174015
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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 Cash Out Refi loans. The Colorado Bank & Trust Company Of La Junta has a high proportion of conventional loans. The Colorado Bank & Trust Company Of La Junta has an average proportion of conventional loans. Their top markets by origination volume include: Pueblo, Denver, and Boulder among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)The Colorado Bank & Trust Company Of La Junta has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
46Origination Dollar Volume (All Markets)
$4,690,000Top 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) | 30 | $2,650,000 | $88,333 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $605,000 | $46,538 | $0 | 0.00% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 43 | $4,345,000 | $101,047 | $0 | 0.00% |
| Conventional | 3 | $345,000 | $115,000 | $0 | 0.00% |
For 2018, The Colorado Bank & Trust Company Of La Junta's most frequently originated type of loan was Conventional, with 43 originations. Their 2nd most popular type was Conventional, with 3 originations.
Loan Reason
For 2018, The Colorado Bank & Trust Company Of La Junta's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 46 | $4,690,000 | $101,957 | $0 | 0.00% |
For 2018, The Colorado Bank & Trust Company Of La Junta's most frequently cited loan duration was Other, with 46 originations.
Loan Sizing
2018 saw The Colorado Bank & Trust Company Of La Junta place emphasis on $100,000 or less loans with 34 originations, totaling $1,820,000 in origination value.
Applicant Income
The Colorado Bank & Trust Company Of La Junta lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 43 | $4,345,000 | $101,047 | $0 | 0.00% |
The Colorado Bank & Trust Company Of La Junta lent most frequently to those with DTI ratios of Exempt%, with 43 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.00%
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 origination95.65%
The Colorado Bank & Trust Company Of La Junta has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 43 | $4,345,000 | $101,047 |
| NA | 3 | $345,000 | $115,000 |