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2024 data HMDA 2024 disclosure official source

Montrose County

1,754 mortgage applications, 15.4% denial rate. Verify FIPS 08085 with U.S. Census Bureau →

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Colorado · FIPS 08085

Local mortgage market. Montrose County, Colorado saw 1,754 HMDA-reported mortgage applications in 2024. Lenders originated 932 of those loans and denied 270, producing a denial rate of 15.4% and an approval (origination) rate of 53.1%. The average loan amount was $259,464 at an average note rate of 7.05%, with applicants self-reporting average annual income of $39K. 138 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.7x, meaning typical borrowers took on mortgages of about 6.7 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 08085 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,754
Applications
932
Originated
15.4%
Denial Rate
53.1%
Approval Rate
$259,464
Avg Loan Amount
7.05%
Avg Interest Rate
$39K
Avg Applicant Income
6.7x
Loan-to-Income Ratio

Nearby Lenders in Montrose 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 Guild Mortgage Company 141 15.1%
2 Rocket Mortgage 90 9.7%
3 United Wholesale Mortgage 66 7.1%
4 Alpine Bank 63 6.8%
5 The Central Trust Bank 60 6.4%
Compare Guild Mortgage Company vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Montrose County?
In the 2024 HMDA reporting year, 1,754 mortgage applications were filed in Montrose County, Colorado. Of these, 932 were originated (approved and funded), while 270 were denied, resulting in a denial rate of 15.4%.
What is the mortgage denial rate in Montrose County?
The mortgage denial rate in Montrose County is 15.4%. The approval (origination) rate is 53.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Montrose County?
The average mortgage loan amount in Montrose County is $259,464. The average interest rate is 7.049%. The average applicant income is $39K.
What is the loan-to-income ratio in Montrose County?
The average loan-to-income ratio in Montrose County is 6.7x, meaning borrowers took on loans averaging 6.7 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Montrose County?
The top mortgage lenders in Montrose County by origination volume are Guild Mortgage Company, Rocket Mortgage, United Wholesale Mortgage. In total, 138 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.