The Colorado Bank & Trust Company Of La Junta Mortgage Rates, Fees & Info

La Junta, CO

LEI: 2549008POZ7T1PJYBU80

Tax ID: 84-0174015

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    The Colorado Bank & Trust Company Of La Junta is a smaller bank specializing in Home Purchase loans. The Colorado Bank & Trust Company Of La Junta has a high proportion of conventional loans. Their top two markets are Pueblo and Denver .

    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

    27

    Origination Dollar Volume (All Markets)

    $3,395,000

    Top 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 $2,045,000 $136,333 $0 0.00%
    Outside of Metro Areas 11 $1,225,000 $111,364 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    The Colorado Bank & Trust Company Of La Junta's top markets include Pueblo and Denver among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 27 $3,395,000 $125,741 $0 0.00%

    For 2019, The Colorado Bank & Trust Company Of La Junta's most frequently originated type of loan was Conventional, with 27 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 18 $2,500,000 $138,889 $0 0.00%
    Home Improvement 5 $565,000 $113,000 $0 0.00%
    Refi 3 $315,000 $105,000 $0 0.00%
    Cash Out Refi 1 $15,000 $15,000 $0 0.00%

    For 2019, The Colorado Bank & Trust Company Of La Junta's most frequently cited loan purpose was Home Purchase, with 18 originations. The 2nd most popular reason was Home Improvement, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 27 $3,395,000 $125,741 $0 0.00%

    For 2019, The Colorado Bank & Trust Company Of La Junta's most frequently cited loan duration was Other, with 27 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 11 $485,000 $44,091 $0 0.00%
    $100k-200k 11 $1,655,000 $150,455 $0 0.00%
    $200k-400k 5 $1,255,000 $251,000 $0 0.00%

    2019 saw The Colorado Bank & Trust Company Of La Junta place emphasis on $100,000 or less loans with 11 originations, totaling $485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 6 $310,000 $51,667 $0 0.00%
    $50k-75k 4 $190,000 $47,500 $0 0.00%
    $100k-150k 3 $335,000 $111,667 $0 0.00%
    $150k-250k 3 $425,000 $141,667 $0 0.00%
    $250k+ 3 $715,000 $238,333 $0 0.00%
    $75k-100k 1 $195,000 $195,000 $0 0.00%

    The Colorado Bank & Trust Company Of La Junta lent most frequently to those with incomes in the $50k or less range, with 6 originations. The second most popular income band? $50k-75k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 27 $3,395,000 $125,741 $0 0.00%

    The Colorado Bank & Trust Company Of La Junta lent most frequently to those with DTI ratios of Exempt%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 19 $2,135,000 $112,368 $0 0.00%
    Not applicable 7 $1,225,000 $175,000 $0 0.00%
    American Indian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    96.30%

    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 27 $3,395,000 $125,741

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $245,000 $245,000
    Single Family (1-4 Units):Manufactured 1 $125,000 $125,000
    Single Family (1-4 Units):Site-Built 25 $3,025,000 $121,000