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2024 data HMDA 2024 disclosure official source

Los Angeles County

199,303 mortgage applications, 19.2% denial rate. Verify FIPS 06037 with U.S. Census Bureau →

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California · FIPS 06037

Local mortgage market. Los Angeles County, California saw 199,303 HMDA-reported mortgage applications in 2024. Lenders originated 94,659 of those loans and denied 38,210, producing a denial rate of 19.2% and an approval (origination) rate of 47.5%. The average loan amount was $603,012 at an average note rate of 7.53%, with applicants self-reporting average annual income of $40K. 702 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 15.1x, meaning typical borrowers took on mortgages of about 15.1 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 06037 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

199,303
Applications
94,659
Originated
19.2%
Denial Rate
47.5%
Approval Rate
$603,012
Avg Loan Amount
7.53%
Avg Interest Rate
$40K
Avg Applicant Income
15.1x
Loan-to-Income Ratio

Nearby Lenders in Los Angeles County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 United Wholesale Mortgage 8,810 9.3%
2 Rocket Mortgage 7,009 7.4%
3 Bank of America NA 3,486 3.7%
4 JPMorgan Chase Bank, NA 3,211 3.4%
5 Us Bank, N.A. 3,104 3.3%
Compare United Wholesale Mortgage vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Los Angeles County?
In the 2024 HMDA reporting year, 199,303 mortgage applications were filed in Los Angeles County, California. Of these, 94,659 were originated (approved and funded), while 38,210 were denied, resulting in a denial rate of 19.2%.
What is the mortgage denial rate in Los Angeles County?
The mortgage denial rate in Los Angeles County is 19.2%. The approval (origination) rate is 47.5%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Los Angeles County?
The average mortgage loan amount in Los Angeles County is $603,012. The average interest rate is 7.533%. The average applicant income is $40K.
What is the loan-to-income ratio in Los Angeles County?
The average loan-to-income ratio in Los Angeles County is 15.1x, meaning borrowers took on loans averaging 15.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Los Angeles County?
The top mortgage lenders in Los Angeles County by origination volume are United Wholesale Mortgage, Rocket Mortgage, Bank of America NA. In total, 702 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.