Colten Mortgage Rates, Fees & Info

Englewood, CO

LEI: 549300YBQQ97B6Y7LE69

Tax ID: 82-0758546

5 stars - out of 5 stars, based on 43 reviews

2020 Data | 2019 Data | 2018 Data


Overview

Colten Mortgage is a smaller mortgage company specializing in Refi and Home Purchase loans. Colten Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Denver, Charlotte, Nashville, Charleston, and Colorado Springs among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Colten Mortgage is typically an average fee lendor.


Originations

1,853

Origination Dollar Volume (All Markets)

$513,895,000
Show all (12) awards

Relative Rate

Colten Mortgage 's average 30 year fixed rate mortgage of loans were 3.15%.

The 2020 average 30 year fixed rate mortgage across all markets of loans were 3.36%.

This yields a difference of -0.21%.

Relative Fees

Colten Mortgage 's average total fees for a 30 year fixed rate mortgage are $5,175.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 504 $184,420,000 $365,913 $5,960 3.13%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 239 $60,505,000 $253,159 $4,622 3.24%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 159 $45,715,000 $287,516 $4,871 3.16%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 133 $30,565,000 $229,812 $5,039 3.21%
Outside of Metro Areas 120 $24,610,000 $205,083 $4,268 3.12%
COLORADO SPRINGS, CO (FHA|USDA|VA) 65 $18,715,000 $287,923 $5,457 3.08%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 49 $10,625,000 $216,837 $4,464 3.12%
DALLAS-PLANO-IRVING, TX (FHA|USDA|VA) 34 $9,020,000 $265,294 $5,736 2.91%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 33 $8,005,000 $242,576 $5,348 2.89%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 23 $5,675,000 $246,739 $4,540 3.08%
GREELEY, CO (FHA|USDA|VA) 19 $5,325,000 $280,263 $4,317 3.49%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 19 $5,095,000 $268,158 $6,621 3.13%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 19 $4,625,000 $243,421 $4,977 3.05%
FORT COLLINS, CO (FHA|USDA|VA) 13 $4,015,000 $308,846 $6,068 3.02%
FORT WORTH-ARLINGTON-GRAPEVINE, TX (FHA|USDA|VA) 18 $4,010,000 $222,778 $5,109 2.96%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 20 $3,780,000 $189,000 $3,657 3.06%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 14 $3,590,000 $256,429 $4,676 2.98%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 14 $2,940,000 $210,000 $4,545 3.11%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 13 $2,845,000 $218,846 $5,101 3.00%
RALEIGH-CARY, NC (FHA|USDA|VA) 11 $2,655,000 $241,364 $3,994 3.11%
COLUMBIA, SC (FHA|USDA|VA) 13 $2,425,000 $186,538 $4,503 3.26%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 8 $2,130,000 $266,250 $3,625 3.19%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL (FHA|USDA|VA) 7 $2,115,000 $302,143 $4,430 2.96%
KNOXVILLE, TN (FHA|USDA|VA) 9 $2,105,000 $233,889 $5,569 3.10%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $2,060,000 $515,000 $8,568 3.28%
RENO, NV (FHA|USDA|VA) 6 $2,050,000 $341,667 $3,214 2.75%
PORT ST. LUCIE, FL (FHA|USDA|VA) 7 $2,015,000 $287,857 $6,448 3.16%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 7 $1,785,000 $255,000 $4,265 3.02%
ASHEVILLE, NC (FHA|USDA|VA) 6 $1,700,000 $283,333 $4,650 2.98%
CHICAGO-NAPERVILLE-EVANSTON, IL (FHA|USDA|VA) 7 $1,685,000 $240,714 $6,653 2.98%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $1,660,000 $276,667 $4,773 3.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 6 $1,500,000 $250,000 $4,181 3.31%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 9 $1,475,000 $163,889 $3,296 2.88%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 8 $1,440,000 $180,000 $4,609 2.98%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL (FHA|USDA|VA) 5 $1,395,000 $279,000 $5,340 2.73%
BOULDER, CO (FHA|USDA|VA) 3 $1,375,000 $458,333 $3,082 3.16%
LOS ANGELES-LONG BEACH-GLENDALE, CA (FHA|USDA|VA) 4 $1,340,000 $335,000 $4,116 2.93%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 6 $1,290,000 $215,000 $5,064 3.19%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 7 $1,265,000 $180,714 $4,763 3.01%
ELGIN, IL (FHA|USDA|VA) 5 $1,185,000 $237,000 $5,327 2.93%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 7 $1,115,000 $159,286 $3,820 2.89%
SPARTANBURG, SC (FHA|USDA|VA) 7 $1,105,000 $157,857 $4,373 3.13%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,105,000 $368,333 $3,338 2.90%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $1,075,000 $358,333 $6,275 2.96%
SEATTLE-BELLEVUE-KENT, WA (FHA|USDA|VA) 4 $1,060,000 $265,000 $3,190 3.03%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 5 $1,045,000 $209,000 $4,650 2.92%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 6 $1,030,000 $171,667 $3,697 3.25%
NORTH PORT-SARASOTA-BRADENTON, FL (FHA|USDA|VA) 4 $990,000 $247,500 $5,250 2.84%
MIAMI-MIAMI BEACH-KENDALL, FL (FHA|USDA|VA) 4 $970,000 $242,500 $4,465 2.84%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 4 $960,000 $240,000 $5,542 3.34%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 5 $915,000 $183,000 $3,085 3.27%
WARREN-TROY-FARMINGTON HILLS, MI (FHA|USDA|VA) 4 $880,000 $220,000 $3,458 2.88%
YUBA CITY, CA (FHA|USDA|VA) 3 $835,000 $278,333 $4,988 3.38%
STOCKTON, CA (FHA|USDA|VA) 3 $815,000 $271,667 $2,445 2.63%
PUEBLO, CO (FHA|USDA|VA) 3 $805,000 $268,333 $5,191 2.96%
TALLAHASSEE, FL (FHA|USDA|VA) 3 $725,000 $241,667 $5,200 3.04%
JACKSON, TN (FHA|USDA|VA) 5 $715,000 $143,000 $4,089 3.33%
OAKLAND-BERKELEY-LIVERMORE, CA (FHA|USDA|VA) 2 $710,000 $355,000 $2,525 2.56%
ODESSA, TX (FHA|USDA|VA) 3 $675,000 $225,000 $5,724 2.75%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $670,000 $167,500 $4,489 3.47%
WILMINGTON, NC (FHA|USDA|VA) 2 $650,000 $325,000 $6,296 2.68%
MIDLAND, TX (FHA|USDA|VA) 3 $645,000 $215,000 $4,342 3.12%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $630,000 $157,500 $3,962 3.75%
TUCSON, AZ (FHA|USDA|VA) 3 $585,000 $195,000 $3,701 3.46%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $580,000 $290,000 $3,904 2.94%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $570,000 $285,000 $3,042 3.38%
LAKE COUNTY-KENOSHA COUNTY, IL-WI (FHA|USDA|VA) 2 $570,000 $285,000 $6,688 2.69%
VALDOSTA, GA (FHA|USDA|VA) 3 $565,000 $188,333 $3,285 2.88%
BOWLING GREEN, KY (FHA|USDA|VA) 4 $560,000 $140,000 $5,193 3.38%
TYLER, TX (FHA|USDA|VA) 3 $515,000 $171,667 $4,980 2.71%
ANAHEIM-SANTA ANA-IRVINE, CA (FHA|USDA|VA) 1 $515,000 $515,000 $3,254 2.88%
GARY, IN (FHA|USDA|VA) 1 $505,000 $505,000 $8,863 3.50%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $490,000 $245,000 $5,009 2.56%
WACO, TX (FHA|USDA|VA) 2 $480,000 $240,000 $9,386 3.63%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $475,000 $475,000 $3,336 3.99%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $470,000 $235,000 $4,232 3.00%
BAKERSFIELD, CA (FHA|USDA|VA) 3 $465,000 $155,000 $3,609 3.04%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $440,000 $220,000 $3,927 2.88%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $425,000 $141,667 $3,721 3.50%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $420,000 $210,000 $3,236 2.44%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 2 $410,000 $205,000 $6,556 3.25%
GRAND JUNCTION, CO (FHA|USDA|VA) 2 $410,000 $205,000 $4,836 3.06%
EL CENTRO, CA (FHA|USDA|VA) 2 $400,000 $200,000 $5,692 2.94%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $375,000 $375,000 $3,696 3.00%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 2 $370,000 $185,000 $2,735 2.56%
OWENSBORO, KY (FHA|USDA|VA) 3 $355,000 $118,333 $4,952 3.54%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $350,000 $175,000 $3,960 3.00%
DETROIT-DEARBORN-LIVONIA, MI (FHA|USDA|VA) 1 $345,000 $345,000 $3,975 2.85%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $340,000 $170,000 $5,107 3.69%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $335,000 $335,000 $2,812 3.00%
GAINESVILLE, FL (FHA|USDA|VA) 1 $325,000 $325,000 $1,226 2.38%
JOHNSON CITY, TN (FHA|USDA|VA) 2 $320,000 $160,000 $5,148 3.38%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $310,000 $155,000 $4,848 3.31%
YAKIMA, WA (FHA|USDA|VA) 1 $295,000 $295,000 $2,693 2.63%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $295,000 $295,000 $2,895 3.38%
EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $290,000 $145,000 $3,880 2.69%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $280,000 $140,000 $3,020 3.31%
TACOMA-LAKEWOOD, WA (FHA|USDA|VA) 1 $275,000 $275,000 $6,137 2.63%
PANAMA CITY, FL (FHA|USDA|VA) 1 $275,000 $275,000 $5,989 3.00%
FORT WAYNE, IN (FHA|USDA|VA) 1 $275,000 $275,000 $3,203 3.00%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $265,000 $265,000 $2,820 3.38%
EL PASO, TX (FHA|USDA|VA) 1 $265,000 $265,000 $6,496 2.75%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $265,000 $265,000 $5,039 3.38%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $265,000 $265,000 $4,931 3.25%
LUBBOCK, TX (FHA|USDA|VA) 1 $255,000 $255,000 $6,398 2.75%
MERCED, CA (FHA|USDA|VA) 1 $255,000 $255,000 $2,931 2.88%
FRESNO, CA (FHA|USDA|VA) 1 $255,000 $255,000 $3,132 2.99%
VISALIA, CA (FHA|USDA|VA) 1 $235,000 $235,000 $3,771 3.38%
SAVANNAH, GA (FHA|USDA|VA) 1 $235,000 $235,000 $3,680 3.00%
SALEM, OR (FHA|USDA|VA) 1 $235,000 $235,000 $4,578 3.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $225,000 $225,000 $4,794 3.00%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $215,000 $215,000 $5,973 2.75%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $215,000 $215,000 $5,584 2.88%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $215,000 $215,000 $6,094 3.38%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $205,000 $205,000 $5,854 3.13%
BRUNSWICK, GA (FHA|USDA|VA) 1 $205,000 $205,000 $2,971 2.88%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $205,000 $205,000 $3,134 3.13%
BELLINGHAM, WA (FHA|USDA|VA) 1 $205,000 $205,000 $3,642 3.63%
REDDING, CA (FHA|USDA|VA) 1 $205,000 $205,000 $3,947 3.63%
ALBANY, GA (FHA|USDA|VA) 1 $195,000 $195,000 $4,858 2.88%
GAINESVILLE, GA (FHA|USDA|VA) 1 $195,000 $195,000 $4,233 3.13%
LAREDO, TX (FHA|USDA|VA) 1 $195,000 $195,000 $5,135 2.50%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $195,000 $195,000 $4,691 3.13%
VICTORIA, TX (FHA|USDA|VA) 1 $185,000 $185,000 $5,367 2.63%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,511 3.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $175,000 $175,000 $4,835 2.88%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $175,000 $175,000 $3,662 2.63%
DALTON, GA (FHA|USDA|VA) 1 $175,000 $175,000 $4,565 2.88%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $165,000 $165,000 $5,727 3.38%
CLEVELAND, TN (FHA|USDA|VA) 1 $165,000 $165,000 $3,815 3.88%
OCALA, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,795 3.25%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,634 3.50%
GREENVILLE, NC (FHA|USDA|VA) 1 $145,000 $145,000 $3,876 3.13%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $145,000 $145,000 $3,638 3.25%
KOKOMO, IN (FHA|USDA|VA) 1 $135,000 $135,000 $3,331 3.13%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $135,000 $135,000 $7,051 3.75%
THE VILLAGES, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,584 3.00%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $125,000 $125,000 $3,269 3.13%
PEORIA, IL (FHA|USDA|VA) 1 $115,000 $115,000 $4,532 3.00%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $115,000 $115,000 $3,058 3.50%

Colten Mortgage 's top markets include Denver, Charlotte, Nashville, Charleston, and Colorado Springs among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,127 $325,365,000 $288,700 $4,004 3.15%
FHA 405 $110,375,000 $272,531 $8,094 3.16%
USDA 186 $32,800,000 $176,344 $4,257 3.10%
VA 135 $45,355,000 $335,963 $6,125 2.88%

For the 2020 period, Colten Mortgage 's most frequently originated loan type of loans were Conventional, with 1,127 originations. Their 2nd most popular type is FHA, with 405 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 985 $249,745,000 $253,548 $4,168 3.03%
Home Purchase 726 $226,730,000 $312,300 $6,433 3.24%
Cash Out Refi 140 $36,950,000 $263,929 $4,468 3.26%
Home Improvement 2 $470,000 $235,000 $6,940 4.00%

For the 2020, Colten Mortgage 's most frequently cited loan purpose of loans were Refi, with 985 originations. The 2nd most popular reason of loans were Home Purchase, with 726 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,738 $486,310,000 $279,810 $5,175 3.15%
15 Year 72 $15,790,000 $219,306 $3,566 2.74%
Other 24 $6,970,000 $290,417 $3,677 3.02%
20 Year 15 $3,965,000 $264,333 $3,981 2.93%
10 Year 4 $860,000 $215,000 $3,271 3.16%

For the 2020, Colten Mortgage 's most frequently cited loan length of loans were 30 Year, with 1,738 originations. The 2nd most popular length of loans were 15 Year, with 72 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,099 $318,055,000 $289,404
$<1k 381 $89,095,000 $233,845
$2k-3k 172 $42,850,000 $249,128
$3k-4k 143 $41,385,000 $289,406
$5k+ 58 $22,510,000 $388,103

$5,175 of loans were Colten Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,099 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 831 $233,235,000 $280,668
3-4% 807 $219,215,000 $271,642
<2.5% 148 $45,220,000 $305,541
4-5% 63 $15,005,000 $238,175
5-6% 4 $1,220,000 $305,000

During 2020, Colten Mortgage 's average interest rate of loans were 3.15%, while their most frequently originated rate bucket of loans were 2.5-3%, with 831 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,091 $308,015,000 $282,324 $5,245 3.10%
$100k-200k 465 $74,005,000 $159,151 $4,077 3.19%
$400k-600k 262 $124,030,000 $473,397 $5,998 3.08%
$100,000 or less 27 $2,185,000 $80,926 $3,974 3.54%
$600k-1MM 7 $4,635,000 $662,143 $15,406 3.29%
$1MM+ 1 $1,025,000 $1,025,000 $9,021 3.50%

2020 saw Colten Mortgage place emphasis on $200k-400k loans with 1,091 originations, totaling $308,015,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 394 $96,880,000 $245,888 $5,315 3.18%
$50k or less 369 $80,555,000 $218,306 $5,235 3.09%
$75k-100k 326 $97,230,000 $298,252 $5,468 3.12%
$100k-150k 322 $109,330,000 $339,534 $5,079 3.15%
$150k-250k 172 $63,400,000 $368,605 $4,683 3.16%
$250k+ 44 $17,070,000 $387,955 $5,033 3.13%

Colten Mortgage lent most frequently to those with incomes in the $50k-75k range, with 394 originations. The second most popular income band? $50k or less, with 369 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 346 $98,090,000 $283,497 $4,184 3.11%
>60% 273 $66,915,000 $245,110 $4,785 2.95%
30-36% 248 $71,190,000 $287,056 $4,620 3.16%
<20% 181 $38,375,000 $212,017 $3,999 3.01%
50-60% 106 $35,030,000 $330,472 $10,140 3.24%
44% 78 $23,410,000 $300,128 $5,137 3.24%
43% 64 $17,660,000 $275,938 $5,047 3.19%
39% 63 $18,345,000 $291,190 $4,860 3.19%
41% 60 $17,600,000 $293,333 $5,471 3.23%
36% 55 $15,975,000 $290,455 $5,078 3.17%
40% 53 $15,735,000 $296,887 $4,857 3.16%
42% 49 $15,355,000 $313,367 $5,609 3.22%
49% 48 $13,910,000 $289,792 $5,220 3.22%
38% 46 $13,650,000 $296,739 $4,900 3.25%
37% 44 $13,380,000 $304,091 $5,606 3.15%
47% 44 $12,570,000 $285,682 $5,435 3.28%
45% 37 $10,035,000 $271,216 $6,468 3.27%
46% 32 $8,840,000 $276,250 $6,283 3.19%
48% 26 $7,830,000 $301,154 $5,495 3.20%

Colten Mortgage lent most frequently to those with DTI ratios of 20-30%, with 346 originations. The next most common DTI ratio? >60%, with 273 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not provided 955 $244,085,000 $255,586 $4,855 3.12%
White 742 $226,100,000 $304,717 $5,111 3.14%
Black 102 $27,220,000 $266,863 $6,705 3.15%
Asian 42 $12,460,000 $296,667 $5,015 3.12%
American Indian 7 $2,585,000 $369,286 $8,775 2.93%
Native Hawaiian 2 $600,000 $300,000 $7,674 3.63%
Not applicable 2 $540,000 $270,000 $4,165 2.56%
Other Asian 1 $305,000 $305,000 $3,041 2.88%

Approval Rates

Total approvals of all applications
96.37%

Colten Mortgage 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
53.41%

Colten Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
1964.05 1 $395,000 $395,000
NA 1,852 $513,500,000 $277,268

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 8 $1,840,000 $230,000
Single Family (1-4 Units):Site-Built 1,845 $512,055,000 $277,537

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 39 $8,615,000 $220,897 $3,600 2.90%
40-60% 144 $37,700,000 $261,806 $3,765 2.90%
60-80% 525 $148,215,000 $282,314 $4,003 3.17%
80-100% 1,113 $308,355,000 $277,049 $5,628 3.15%
Over 100% 30 $10,720,000 $357,333 $11,898 2.96%
Under 20% 2 $290,000 $145,000 $3,904 3.31%