Equitable Savings And Loan Association Mortgage Rates, Fees & Info
Sterling, COLEI: 549300KLGM1W030VUP23
Tax ID: 84-0435858
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Mortgage Data
Review & Overview
Equitable Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. Equitable Savings And Loan Association has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Fort Morgan, Sterling, Fort Collins, Denver, and Greeley among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Equitable Savings And Loan Association has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
111Origination Dollar Volume (All Markets)
$15,265,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 61 | $7,495,000 | $122,869 | $0 | 0.00% |
| Fort Morgan, CO (FHA|USDA|VA) | 18 | $2,330,000 | $129,444 | $0 | 0.00% |
| Sterling, CO (FHA|USDA|VA) | 14 | $1,980,000 | $141,429 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 11 | $1,855,000 | $168,636 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $0 | 0.00% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 96 | $14,020,000 | $146,042 | $0 | 0.00% |
| USDA | 8 | $1,120,000 | $140,000 | $0 | 0.00% |
| FHA | 7 | $125,000 | $17,857 | $0 | 0.00% |
For 2023, Equitable Savings And Loan Association's most frequently originated type of loan was Conventional, with 96 originations. Their 2nd most popular type was USDA, with 8 originations.
Loan Reason
For 2023, Equitable Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Home Improvement, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 111 | $15,265,000 | $137,523 | $0 | 0.00% |
For 2023, Equitable Savings And Loan Association's most frequently cited loan duration was Other, with 111 originations.
Loan Sizing
2023 saw Equitable Savings And Loan Association place emphasis on $100,000 or less loans with 55 originations, totaling $2,575,000 in origination value.
Applicant Income
Equitable Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $50k-75k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 111 | $15,265,000 | $137,523 | $0 | 0.00% |
Equitable Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 111 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.50%
Equitable Savings And Loan Association has a below average approval rate.
Pick Rate
Approvals leading to origination81.98%
Equitable Savings And Loan Association has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 111 | $15,265,000 | $137,523 |