PlainLender
2024 data HMDA 2024 disclosure official source

Santa Cruz County

5,082 mortgage applications, 16.8% denial rate. Verify FIPS 06087 with U.S. Census Bureau →

PlainLender home → About this data

California · FIPS 06087

Local mortgage market. Santa Cruz County, California saw 5,082 HMDA-reported mortgage applications in 2024. Lenders originated 2,661 of those loans and denied 852, producing a denial rate of 16.8% and an approval (origination) rate of 52.4%. The average loan amount was $615,175 at an average note rate of 7.45%, with applicants self-reporting average annual income of $38K. 264 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 16.2x, meaning typical borrowers took on mortgages of about 16.2 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 06087 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

5,082
Applications
2,661
Originated
16.8%
Denial Rate
52.4%
Approval Rate
$615,175
Avg Loan Amount
7.45%
Avg Interest Rate
$38K
Avg Applicant Income
16.2x
Loan-to-Income Ratio

Nearby Lenders in Santa Cruz 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 Bay Federal Credit Union 334 12.6%
2 Crosscountry Mortgage, LLC 267 10.0%
3 Rocket Mortgage 200 7.5%
4 United Wholesale Mortgage 148 5.6%
5 Us Bank, N.A. 86 3.2%
Compare Bay Federal Credit Union vs Crosscountry Mortgage, LLC →

Frequently Asked Questions

How many mortgage applications were filed in Santa Cruz County?
In the 2024 HMDA reporting year, 5,082 mortgage applications were filed in Santa Cruz County, California. Of these, 2,661 were originated (approved and funded), while 852 were denied, resulting in a denial rate of 16.8%.
What is the mortgage denial rate in Santa Cruz County?
The mortgage denial rate in Santa Cruz County is 16.8%. The approval (origination) rate is 52.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Santa Cruz County?
The average mortgage loan amount in Santa Cruz County is $615,175. The average interest rate is 7.447%. The average applicant income is $38K.
What is the loan-to-income ratio in Santa Cruz County?
The average loan-to-income ratio in Santa Cruz County is 16.2x, meaning borrowers took on loans averaging 16.2 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Santa Cruz County?
The top mortgage lenders in Santa Cruz County by origination volume are Bay Federal Credit Union, Crosscountry Mortgage, LLC, Rocket Mortgage. In total, 264 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.