Equitable Savings And Loan Association Mortgage Rates, Fees & Info

Sterling, CO

LEI: 549300KLGM1W030VUP23

Tax ID: 84-0435858

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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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Equitable Savings And Loan Association is a smaller mortgage company specializing in Cash Out Refi and 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: Sterling, Fort Morgan, Fort Collins, Greeley, and Denver among others. We have data for 8 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    351

    Origination Dollar Volume (All Markets)

    $58,795,000

    Employee count

    50

    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
    Outside of Metro Areas 221 $32,865,000 $148,710 $0 0.00%
    Sterling, CO (FHA|USDA|VA) 47 $7,345,000 $156,277 $0 0.00%
    Fort Morgan, CO (FHA|USDA|VA) 40 $7,000,000 $175,000 $0 0.00%
    FORT COLLINS, CO (FHA|USDA|VA) 21 $6,565,000 $312,619 $0 0.00%
    GREELEY, CO (FHA|USDA|VA) 11 $2,445,000 $222,273 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 9 $2,275,000 $252,778 $0 0.00%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Scottsbluff, NE (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Equitable Savings And Loan Association's top markets include Sterling, Fort Morgan, Fort Collins, Greeley, and Denver among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 305 $54,385,000 $178,311 $0 0.00%
    USDA 27 $4,085,000 $151,296 $0 0.00%
    FHA 19 $325,000 $17,105 $0 0.00%

    For 2021, Equitable Savings And Loan Association's most frequently originated type of loan was Conventional, with 305 originations. Their 2nd most popular type was USDA, with 27 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 159 $28,375,000 $178,459 $0 0.00%
    Home Purchase 109 $19,045,000 $174,725 $0 0.00%
    Refi 47 $9,235,000 $196,489 $0 0.00%
    Home Improvement 24 $1,080,000 $45,000 $0 0.00%
    Other 12 $1,060,000 $88,333 $0 0.00%

    For 2021, Equitable Savings And Loan Association's most frequently cited loan purpose was Cash Out Refi, with 159 originations. The 2nd most popular reason was Home Purchase, with 109 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 351 $58,795,000 $167,507 $0 0.00%

    For 2021, Equitable Savings And Loan Association's most frequently cited loan duration was Other, with 351 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 155 $22,735,000 $146,677 $0 0.00%
    $200k-400k 94 $24,750,000 $263,298 $0 0.00%
    $100,000 or less 88 $4,940,000 $56,136 $0 0.00%
    $400k-600k 14 $6,370,000 $455,000 $0 0.00%

    2021 saw Equitable Savings And Loan Association place emphasis on $100k-200k loans with 155 originations, totaling $22,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 96 $14,330,000 $149,271 $0 0.00%
    $75k-100k 79 $13,755,000 $174,114 $0 0.00%
    $100k-150k 72 $15,540,000 $215,833 $0 0.00%
    $50k or less 72 $7,120,000 $98,889 $0 0.00%
    $150k-250k 18 $4,340,000 $241,111 $0 0.00%
    $250k+ 14 $3,710,000 $265,000 $0 0.00%

    Equitable Savings And Loan Association lent most frequently to those with incomes in the $50k-75k range, with 96 originations. The second most popular income band? $75k-100k, with 79 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 351 $58,795,000 $167,507 $0 0.00%

    Equitable Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 351 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 340 $57,230,000 $168,324 $0 0.00%
    Not provided 6 $990,000 $165,000 $0 0.00%
    Asian 2 $260,000 $130,000 $0 0.00%
    American Indian 1 $145,000 $145,000 $0 0.00%
    Not applicable 1 $145,000 $145,000 $0 0.00%
    Guamanian 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.34%

    Equitable Savings And Loan Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.17%

    Equitable Savings And Loan Association has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 351 $58,795,000 $167,507

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    351 $58,795,000 $167,507

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Equitable Savings and Loan Association 120 Cedar Street Julesburg, CO 80737 Full Service B&M $14,202
    Equitable Savings and Loan Association 1420 Lowell Avenue Burlington, CO 80807 Full Service B&M $19,365
    Equitable Savings and Loan Association 201 Main Avenue Akron, CO 80720 Full Service B&M $5,314
    Equitable Savings and Loan Association 221 N 3rd St Sterling, CO 80751 Full Service B&M $32,159
    Equitable Savings and Loan Association 222 S. Main Street Yuma, CO 80759 Full Service B&M $9,124
    Equitable Savings and Loan Association 300 Clayton Street Brush, CO 80723 Full Service B&M $12,304
    Equitable Savings and Loan Association 300 E Horsetooth Rd Ste 102 Fort Collins, CO 80525 Full Service B&M $6,471
    Equitable Savings and Loan Association 300 Main Street Wray, CO 80758 Full Service B&M $6,156
    Equitable Savings and Loan Association 331 Main Street Fort Morgan, CO 80701 Full Service B&M $15,222
    Equitable Savings and Loan Association 888 Main Street Limon, CO 80828 Full Service B&M $21,465

    For 2021, Equitable Savings And Loan Association had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,481
    Net interest income $4,864
    Total noninterest income $1,467
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $72
    Trading account gains and fees $0
    Additional Noninterest Income $1,395
    Pre-tax net operating income $993
    Securities gains (or losses, -) $0
    Income before extraordinary items $754
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $754
    Minority interest net income $0
    Net income $754
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $754

    Equitable Savings And Loan Association's gross interest income from loans was $5,481,000.
    Equitable Savings And Loan Association's net interest income from loans was $4,864,000.
    Equitable Savings And Loan Association's fee based income from loans was $72,000.
    Equitable Savings And Loan Association's net income from loans was $754,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $617
    Provision for credit losses $0
    Total noninterest expense $5,338
    Salaries and employee benefits $3,204
    Premises and equipment expense $523
    Additional noninterest expense $1,611
    Applicable income taxes $239
    Net charge-offs $0
    Cash dividends $750

    Equitable Savings And Loan Association's interest expense for loans was $617,000.
    Equitable Savings And Loan Association's payroll and benefits expense were $3,204,000.
    Equitable Savings And Loan Association's property, plant and equipment expenses $523,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $144,842
    Deposits held in domestic offices $144,842
    Deposits by Individuals, partnerships, and corporations $136,594
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $8,249
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $41,403
    Demand deposits $12,323
    Nontransaction accounts $103,440
    Money market deposit accounts (MMDAs) $5,532
    Other savings deposits (excluding MMDAs) $42,891
    Total time deposits $55,016
    Total time and savings deposits $132,520
    Noninterest-bearing deposits $12,345
    Interest-bearing deposits $132,497
    Retail deposits $134,184
    IRAs and Keogh plan accounts $7,446
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $172,235
    Cash & Balances due from depository institutions $29,233
    Interest-bearing balances $25,200
    Total securities $6,374
    Federal funds sold & reverse repurchase $0
    Net loans and leases $133,436
    Loan and leases loss allowance $353
    Trading account assets $0
    Bank premises and fixed assets $979
    Other real estate owned $0
    Goodwill and other intangibles $481
    All other assets $1,732

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $172,235
    Total Liabilities $145,029
    Total deposits $144,842
    Interest-bearing deposits $132,497
    Deposits held in domestic offices $144,842
    % insured (estimated) $94
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $187

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $133,436
    Loan and leases loss allowance $353
    Total loans and leases (domestic) $133,789
    All real estate loans $133,006
    Real estate loans in domestic offices $133,006
    Construction and development loans $507
    Residential 1-4 family construction $507
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $0
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $0
    1-4 family residential loans $132,499
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $1,029
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $163
    Other loans to individuals $866
    All other loans & leases $3
    Loans to foreign governments and official institutions $0
    Other loans $3
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    EQUITABLE SAVINGS AND LOAN ASSOCIATION had $133,436,000 of loans outstanding in 2021. $133,006,000 of loans were in real estate loans. $507,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $132,499,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $163,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan