Montrose County
Colorado · FIPS 08085
According to CFPB HMDA 2024 application volume among U.S. counties, Montrose County ranks #1,011 of 3,223, and #19 of 64 in Colorado.
Mortgage lending activity in Montrose County, Colorado based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Local mortgage market. Montrose County, Colorado lenders denied 270 of the applications reported here, financing the rest 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Montrose County
In Montrose County, lead originator Guild Mortgage Company funded 15.1% of 932 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 31.9% of the book; a local credit union or regional bank still sits beside the national wholesalers.
Counties With Similar Application Volume
Nationwide counties nearest to Montrose County's 1,754 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Montrose County's $259,464 average loan (deduped against volume peers).
Lenders active in Montrose County
Guild Mortgage Company funded 141 of the 932 loans originated in Montrose County, 15.1% of the county. 138 lenders reported activity here.
| # | 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% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Montrose County, from the FFIEC/CFPB HMDA Snapshot National Loan-Level Dataset (2024) -- county FIPS codes follow U.S. Census Bureau standards. Not financial advice for Montrose County borrowers. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.