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2024 data HMDA 2024 disclosure official source

Elbert County

2,490 mortgage applications, 15.1% denial rate. Verify FIPS 08039 with U.S. Census Bureau →

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Colorado · FIPS 08039

Local mortgage market. Elbert County, Colorado saw 2,490 HMDA-reported mortgage applications in 2024. Lenders originated 1,307 of those loans and denied 377, producing a denial rate of 15.1% and an approval (origination) rate of 52.5%. The average loan amount was $415,522 at an average note rate of 6.75%, with applicants self-reporting average annual income of $40K. 187 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 10.4x, meaning typical borrowers took on mortgages of about 10.4 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 08039 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,490
Applications
1,307
Originated
15.1%
Denial Rate
52.5%
Approval Rate
$415,522
Avg Loan Amount
6.75%
Avg Interest Rate
$40K
Avg Applicant Income
10.4x
Loan-to-Income Ratio

Nearby Lenders in Elbert 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 Lennar Mortgage, LLC 234 17.9%
2 United Wholesale Mortgage 95 7.3%
3 DHI Mortgage Company, LTD. 60 4.6%
4 Bellco Credit Union 53 4.1%
5 Ent Credit Union (68671) 47 3.6%
Compare Lennar Mortgage, LLC vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Elbert County?
In the 2024 HMDA reporting year, 2,490 mortgage applications were filed in Elbert County, Colorado. Of these, 1,307 were originated (approved and funded), while 377 were denied, resulting in a denial rate of 15.1%.
What is the mortgage denial rate in Elbert County?
The mortgage denial rate in Elbert County is 15.1%. The approval (origination) rate is 52.5%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Elbert County?
The average mortgage loan amount in Elbert County is $415,522. The average interest rate is 6.753%. The average applicant income is $40K.
What is the loan-to-income ratio in Elbert County?
The average loan-to-income ratio in Elbert County is 10.4x, meaning borrowers took on loans averaging 10.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Elbert County?
The top mortgage lenders in Elbert County by origination volume are Lennar Mortgage, LLC, United Wholesale Mortgage, DHI Mortgage Company, LTD.. In total, 187 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.