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2024 data HMDA 2024 disclosure official source

Garfield County

2,994 mortgage applications, 20.8% denial rate. Verify FIPS 08045 with U.S. Census Bureau →

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Colorado · FIPS 08045

Local mortgage market. Garfield County, Colorado saw 2,994 HMDA-reported mortgage applications in 2024. Lenders originated 1,483 of those loans and denied 623, producing a denial rate of 20.8% and an approval (origination) rate of 49.5%. The average loan amount was $424,065 at an average note rate of 7.43%, with applicants self-reporting average annual income of $40K. 159 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 10.6x, meaning typical borrowers took on mortgages of about 10.6 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 08045 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,994
Applications
1,483
Originated
20.8%
Denial Rate
49.5%
Approval Rate
$424,065
Avg Loan Amount
7.43%
Avg Interest Rate
$40K
Avg Applicant Income
10.6x
Loan-to-Income Ratio

Nearby Lenders in Garfield 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 Alpine Bank 262 17.7%
2 Bay Equity LLC 172 11.6%
3 United Wholesale Mortgage 106 7.1%
4 ANB Bank 94 6.3%
5 Rocket Mortgage 62 4.2%
Compare Alpine Bank vs Bay Equity LLC →

Frequently Asked Questions

How many mortgage applications were filed in Garfield County?
In the 2024 HMDA reporting year, 2,994 mortgage applications were filed in Garfield County, Colorado. Of these, 1,483 were originated (approved and funded), while 623 were denied, resulting in a denial rate of 20.8%.
What is the mortgage denial rate in Garfield County?
The mortgage denial rate in Garfield County is 20.8%. The approval (origination) rate is 49.5%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Garfield County?
The average mortgage loan amount in Garfield County is $424,065. The average interest rate is 7.433%. The average applicant income is $40K.
What is the loan-to-income ratio in Garfield County?
The average loan-to-income ratio in Garfield County is 10.6x, meaning borrowers took on loans averaging 10.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Garfield County?
The top mortgage lenders in Garfield County by origination volume are Alpine Bank, Bay Equity LLC, United Wholesale Mortgage. In total, 159 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.