Equitable Savings And Loan Association Mortgage Rates, Fees & Info
Sterling, COLEI: 549300KLGM1W030VUP23
Tax ID: 84-0435858
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Equitable Savings And Loan Association is a smaller mortgage company specializing in Home Purchase and Cash Out Refi 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 Collins, Fort Morgan, Greeley, and Denver among others. We have data for 9 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
202Origination Dollar Volume (All Markets)
$36,930,000Top 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 | 123 | $18,855,000 | $153,293 | $0 | 0.00% |
| Sterling, CO (FHA|USDA|VA) | 21 | $4,635,000 | $220,714 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 17 | $4,465,000 | $262,647 | $0 | 0.00% |
| Fort Morgan, CO (FHA|USDA|VA) | 20 | $2,900,000 | $145,000 | $0 | 0.00% |
| GREELEY, CO (FHA|USDA|VA) | 8 | $2,550,000 | $318,750 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 8 | $2,090,000 | $261,250 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $0 | 0.00% |
| CHEYENNE, WY (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| Great Bend, KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 167 | $34,125,000 | $204,341 | $0 | 0.00% |
| FHA | 18 | $300,000 | $16,667 | $0 | 0.00% |
| USDA | 17 | $2,505,000 | $147,353 | $0 | 0.00% |
For 2022, Equitable Savings And Loan Association's most frequently originated type of loan was Conventional, with 167 originations. Their 2nd most popular type was FHA, with 18 originations.
Loan Reason
For 2022, Equitable Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 97 originations. The 2nd most popular reason was Cash Out Refi, with 54 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 202 | $36,930,000 | $182,822 | $0 | 0.00% |
For 2022, Equitable Savings And Loan Association's most frequently cited loan duration was Other, with 202 originations.
Loan Sizing
2022 saw Equitable Savings And Loan Association place emphasis on $100k-200k loans with 71 originations, totaling $10,655,000 in origination value.
Applicant Income
Equitable Savings And Loan Association lent most frequently to those with incomes in the $50k-75k range, with 61 originations. The second most popular income band? $100k-150k, with 52 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 202 | $36,930,000 | $182,822 | $0 | 0.00% |
Equitable Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 202 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.90%
Equitable Savings And Loan Association has an average approval rate.
Pick Rate
Approvals leading to origination78.71%
Equitable Savings And Loan Association has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 202 | $36,930,000 | $182,822 |