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2024 data HMDA 2024 disclosure official source

Santa Clara County

38,038 mortgage applications, 14.5% denial rate. Verify FIPS 06085 with U.S. Census Bureau →

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California · FIPS 06085

Local mortgage market. Santa Clara County, California saw 38,038 HMDA-reported mortgage applications in 2024. Lenders originated 21,169 of those loans and denied 5,529, producing a denial rate of 14.5% and an approval (origination) rate of 55.7%. The average loan amount was $909,509 at an average note rate of 7.00%, with applicants self-reporting average annual income of $38K. 437 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 23.9x, meaning typical borrowers took on mortgages of about 23.9 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 06085 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

38,038
Applications
21,169
Originated
14.5%
Denial Rate
55.7%
Approval Rate
$909,509
Avg Loan Amount
7.00%
Avg Interest Rate
$38K
Avg Applicant Income
23.9x
Loan-to-Income Ratio

Nearby Lenders in Santa Clara 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 1,777 8.4%
2 Wells Fargo Bank NA 1,498 7.1%
3 Us Bank, N.A. 1,436 6.8%
4 Rocket Mortgage 1,322 6.2%
5 Hsbc Bank Usa, NA 1,002 4.7%
Compare Bank of America NA vs Wells Fargo Bank NA →

Frequently Asked Questions

How many mortgage applications were filed in Santa Clara County?
In the 2024 HMDA reporting year, 38,038 mortgage applications were filed in Santa Clara County, California. Of these, 21,169 were originated (approved and funded), while 5,529 were denied, resulting in a denial rate of 14.5%.
What is the mortgage denial rate in Santa Clara County?
The mortgage denial rate in Santa Clara County is 14.5%. The approval (origination) rate is 55.7%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Santa Clara County?
The average mortgage loan amount in Santa Clara County is $909,509. The average interest rate is 7.001%. The average applicant income is $38K.
What is the loan-to-income ratio in Santa Clara County?
The average loan-to-income ratio in Santa Clara County is 23.9x, meaning borrowers took on loans averaging 23.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Santa Clara County?
The top mortgage lenders in Santa Clara County by origination volume are Bank of America NA, Wells Fargo Bank NA, Us Bank, N.A.. In total, 437 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.