Monterey County
California · FIPS 06053
According to CFPB HMDA 2024 application volume among U.S. counties, Monterey County ranks #368 of 3,223, and #23 of 58 in California.
Mortgage lending activity in Monterey County, California based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Local mortgage market. Monterey County, California lenders denied 1,526 of the applications reported here, financing the rest at an average note rate of 7.44%, with applicants self-reporting average annual income of $40K. 289 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 12.3x, meaning typical borrowers took on mortgages of about 12.3 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Monterey County
In Monterey County, lead originator United Wholesale Mortgage funded 12.2% of 3,794 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 23.0% of the book; a local credit union or regional bank still sits beside the national wholesalers.
Counties With Similar Application Volume
Nationwide counties nearest to Monterey County's 7,818 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Monterey County's $491,779 average loan (deduped against volume peers).
Lenders active in Monterey County
United Wholesale Mortgage funded 461 of the 3,794 loans originated in Monterey County, 12.2% of the county. 289 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | United Wholesale Mortgage | 461 | 12.2% |
| 2 | Rocket Mortgage | 261 | 6.9% |
| 3 | Bank of America NA | 149 | 3.9% |
| 4 | Crosscountry Mortgage, LLC | 135 | 3.6% |
| 5 | Us Bank, N.A. | 133 | 3.5% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Monterey County, from the FFIEC/CFPB HMDA Snapshot National Loan-Level Dataset (2024) -- county FIPS codes follow U.S. Census Bureau standards. Not financial advice for Monterey County borrowers. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.