Regional homeowners have low debt burden

Northern Colorado homeowners, on average, are holding less mortgage debt than might be expected.

“It’s actually a lot less than I would have thought,´ said Bud Noffsinger, First Western Trust Bank president. “Aggregate household debt is really low.”

According to the data, compiled by Experian Applied Geographic Solutions in February 2005 and purchased by First Western, total mortgage debt in Larimer and Weld counties is $11.25 billion. The Experian report showed 184,183 total households with 129,542 of those households carrying mortgage debt. Average mortgage debt per household is roughly $87,000.

Experian also reported total debt including credit card, installment loan,…