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2024 data HMDA 2024 disclosure official source

El Paso County

37,059 mortgage applications, 13.9% denial rate. Verify FIPS 08041 with U.S. Census Bureau →

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Colorado · FIPS 08041

Local mortgage market. El Paso County, Colorado saw 37,059 HMDA-reported mortgage applications in 2024. Lenders originated 20,327 of those loans and denied 5,168, producing a denial rate of 13.9% and an approval (origination) rate of 54.9%. The average loan amount was $350,175 at an average note rate of 6.94%, with applicants self-reporting average annual income of $39K. 470 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 9.0x, meaning typical borrowers took on mortgages of about 9.0 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 08041 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

37,059
Applications
20,327
Originated
13.9%
Denial Rate
54.9%
Approval Rate
$350,175
Avg Loan Amount
6.94%
Avg Interest Rate
$39K
Avg Applicant Income
9.0x
Loan-to-Income Ratio

Nearby Lenders in El Paso 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 Ent Credit Union (68671) 4,102 20.2%
2 United Wholesale Mortgage 2,816 13.9%
3 Rocket Mortgage 960 4.7%
4 Mortgage Research Center 451 2.2%
5 Navy Federal Credit Union 424 2.1%
Compare Ent Credit Union (68671) vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in El Paso County?
In the 2024 HMDA reporting year, 37,059 mortgage applications were filed in El Paso County, Colorado. Of these, 20,327 were originated (approved and funded), while 5,168 were denied, resulting in a denial rate of 13.9%.
What is the mortgage denial rate in El Paso County?
The mortgage denial rate in El Paso County is 13.9%. The approval (origination) rate is 54.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in El Paso County?
The average mortgage loan amount in El Paso County is $350,175. The average interest rate is 6.943%. The average applicant income is $39K.
What is the loan-to-income ratio in El Paso County?
The average loan-to-income ratio in El Paso County is 9.0x, meaning borrowers took on loans averaging 9.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in El Paso County?
The top mortgage lenders in El Paso County by origination volume are Ent Credit Union (68671), United Wholesale Mortgage, Rocket Mortgage. In total, 470 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.