The Eastern Colorado Bank Mortgage Rates, Fees & Info
Cheyenne Wells, COLEI: 549300ZXXYWVD5ZXYN28
Tax ID: 84-0361004
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Eastern Colorado Bank is a smaller bank specializing in Home Purchase loans. The Eastern Colorado Bank has a high proportion of conventional loans. Their top markets by origination volume include: Colorado Springs, Denver, Fort Collins, Kansas City, and Lubbock among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)The Eastern Colorado Bank has an above 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
39Origination Dollar Volume (All Markets)
$17,285,000Top 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 |
|---|---|---|---|---|---|
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 7 | $8,815,000 | $1,259,286 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $2,805,000 | $561,000 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $0 | 0.00% |
| Outside of Metro Areas | 23 | $2,495,000 | $108,478 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 39 | $17,285,000 | $443,205 | $0 | 0.00% |
For 2024, The Eastern Colorado Bank's most frequently originated type of loan was Conventional, with 39 originations.
Loan Reason
For 2024, The Eastern Colorado Bank's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 39 | $17,285,000 | $443,205 | $0 | 0.00% |
For 2024, The Eastern Colorado Bank's most frequently cited loan duration was Other, with 39 originations.
Loan Sizing
2024 saw The Eastern Colorado Bank place emphasis on $100k-200k loans with 15 originations, totaling $2,085,000 in origination value.
Applicant Income
The Eastern Colorado Bank lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $150k-250k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 39 | $17,285,000 | $443,205 | $0 | 0.00% |
The Eastern Colorado Bank lent most frequently to those with DTI ratios of Exempt%, with 39 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 33 | $9,435,000 | $285,909 | $0 | 0.00% |
| Not applicable | 6 | $7,850,000 | $1,308,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.59%
The Eastern Colorado Bank has an average approval rate.
Pick Rate
Approvals leading to origination71.79%
The Eastern Colorado Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 39 | $17,285,000 | $443,205 |