Colorado Springs Mortgage Lending in 2025

Explore mortgage lending activity in Colorado Springs (MSA/MD Code 17820) using official HMDA public records. Review underwriting outcomes, borrower characteristics, and regional lending benchmarks.

Source: Federal Financial Institutions Examination Council (FFIEC) / Consumer Financial Protection Bureau (CFPB) • Dataset: 2025 Snapshot National Loan-Level Dataset • Updated: June 2, 2026 • Methodology →
Metropolitan Area 17820
15,294 Loans Originated
• Primary State: Colorado (CO)
• $6.94 Billion Originated Volume
• $415,000 Median Loan
Actionable Applications 18,790 +10.42% vs 2024
Approval Rate 87.15% -0.43 pp vs 2024
Denial Rate 12.85% +0.43 pp vs 2024
Loan Originations 15,294 +10.70% vs 2024
Originated Volume $6.94 Billion +12.81% vs 2024

Credit Decision Outcomes (2025)

Outcomes for 18,790 actionable applications (Actions 1, 2, and 3).

87.15%
12.85%
16,376 approved 2,414 denied
Action 1: Originated
15,294 (81.39%)
Action 2: Approved not accepted
1,082 (5.76%)
Action 3: Denied
2,414 (12.85%)
Action 4: Withdrawn (not in denominator)
3,957 —
Action 5: Incomplete (not in denominator)
1,159 —
How to read this: Approval rate uses Actions 1, 2, and 3. Actions 4 and 5 are excluded from the credit decision denominator. Read the full methodology →

How Colorado Springs Compares

Metro vs. State Baseline (2025)

Metric Colorado Springs Colorado
Actionable Apps 18,790 117,504
Approval Rate 87.15% 85.92%
Denial Rate 12.85% 14.08%
Originations 15,294 95,877
Originated Volume $6.94 Billion $47.29 Billion
Median Loan $415,000 $445,000
Compared against Colorado statewide baseline in 2025.

Lending Trends in Colorado Springs

Year-over-year shifts: 2025 vs. 2024

Metric 2024 2025 Change
Consumer Universe 21,719 23,906 +10.07%
Actionable Apps 17,017 18,790 +10.42%
Originations 13,816 15,294 +10.70%
Approval Rate 87.58% 87.15% -0.43 pp
Denial Rate 12.42% 12.85% +0.43 pp
Median Loan $415,000 $415,000 0.00%
Dollar Volume $6.15 Billion $6.94 Billion +12.81%

Applications by Borrower Income (Colorado Springs)

Approval and denial rates across gross annual income tiers (2025)

Income Bracket Apps Approval % Denial %
$100k–$149,999 4,725 90.07% 9.93%
$150k+ 5,361 92.17% 7.83%
$50k–$99,999 5,210 84.05% 15.95%
<$50k 841 56.24% 43.76%
Income unavailable/entity 2,653 87.71% 12.29%
Gross annual borrower income relied upon during credit underwriting. Descriptive figures only; does not establish causation.

Geographic Market Context

Regional integration within Colorado (2025)

Official Geographic Designation: Metropolitan Statistical Area / Division 17820, anchored in Colorado (CO).
Metro Share of State Apps 15.99%
Metro Share of State Volume 14.68%
Geographic Notice: OpenFileData reports verified OMB-designated metropolitan boundaries. Detailed county-level vector choropleths are omitted unless authoritative polygon geometries and county-level consumer records are officially available, preventing data fabrication.

Parent State Association

Explore Colorado statewide mortgage activity

Colorado Springs is part of OpenFileData’s statewide coverage of Colorado. View statewide approval benchmarks, metropolitan rankings, and institution profiles across all reporting jurisdictions.

Colorado Statewide Overview Active Profile
Statewide Actionable Applications: 117,504
Explore Colorado State Profile →

Methodology

Learn how HMDA credit outcomes, action codes, and consumer filters are computed.

Read Methodology →

Colorado Profile

Compare all metropolitan areas located in Colorado.

View State Page →

Download Data

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Methodology & Disclosures

Credit Decision Denominator Rule: Approval and denial rates are calculated strictly among actionable applications reaching a formal credit underwriting decision (Actions 1, 2, and 3: loan originated, approved but not accepted, denied). Applications withdrawn by borrower (Action 4) and closed for incompleteness (Action 5) are tracked in the broader Consumer Mortgage Universe for market completeness but excluded from credit decision rates as no underwriting decision occurred.

Official Data Source & Freeze Date: Official Home Mortgage Disclosure Act (HMDA) records published by the Federal Financial Institutions Examination Council (FFIEC) and Consumer Financial Protection Bureau (CFPB). Primary analysis uses the 2025 Snapshot National Loan-Level Dataset (frozen June 2, 2026); historical baseline uses the 2024 One-Year National Loan-Level Dataset (frozen June 2, 2026).

Public Interest Commitment: OpenFileData does not sell mortgage leads, lender placements, paid rankings, or individualized mortgage recommendations.

For complete technical formulas, SQL implementations, and data definitions, read the full Mortgage Lending Methodology Specification.