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2024 data HMDA 2024 disclosure official source

San Mateo County

13,352 mortgage applications, 14.9% denial rate. Verify FIPS 06081 with U.S. Census Bureau →

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California · FIPS 06081

Local mortgage market. San Mateo County, California saw 13,352 HMDA-reported mortgage applications in 2024. Lenders originated 7,568 of those loans and denied 1,995, producing a denial rate of 14.9% and an approval (origination) rate of 56.7%. The average loan amount was $965,594 at an average note rate of 7.10%, with applicants self-reporting average annual income of $38K. 326 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 25.4x, meaning typical borrowers took on mortgages of about 25.4 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 06081 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

13,352
Applications
7,568
Originated
14.9%
Denial Rate
56.7%
Approval Rate
$965,594
Avg Loan Amount
7.10%
Avg Interest Rate
$38K
Avg Applicant Income
25.4x
Loan-to-Income Ratio

Nearby Lenders in San Mateo 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 Bank of America NA 640 8.5%
2 United Wholesale Mortgage 499 6.6%
3 Rocket Mortgage 471 6.2%
4 Wells Fargo Bank NA 469 6.2%
5 Us Bank, N.A. 387 5.1%
Compare Bank of America NA vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in San Mateo County?
In the 2024 HMDA reporting year, 13,352 mortgage applications were filed in San Mateo County, California. Of these, 7,568 were originated (approved and funded), while 1,995 were denied, resulting in a denial rate of 14.9%.
What is the mortgage denial rate in San Mateo County?
The mortgage denial rate in San Mateo County is 14.9%. The approval (origination) rate is 56.7%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in San Mateo County?
The average mortgage loan amount in San Mateo County is $965,594. The average interest rate is 7.098%. The average applicant income is $38K.
What is the loan-to-income ratio in San Mateo County?
The average loan-to-income ratio in San Mateo County is 25.4x, meaning borrowers took on loans averaging 25.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in San Mateo County?
The top mortgage lenders in San Mateo County by origination volume are Bank of America NA, United Wholesale Mortgage, Rocket Mortgage. In total, 326 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.