Otero County
Colorado · FIPS 08089
According to CFPB HMDA 2024 application volume among U.S. counties, Otero County ranks #1,870 of 3,210, and #32 of 64 in Colorado.
Mortgage lending activity in Otero 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. Otero County, Colorado saw 602 HMDA-reported mortgage applications in 2024. Lenders originated 301 of those loans and denied 114, producing a denial rate of 18.9% and an approval (origination) rate of 50.0%. The average loan amount was $160,100 at an average note rate of 6.68%, with applicants self-reporting average annual income of $37K. 79 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 4.3x, meaning typical borrowers took on mortgages of about 4.3 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 Otero County
In Otero County, lead originator First National Bank Colorado funded 12.6% of 301 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 32.9% 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 Otero County's 602 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Otero County's $160,100 average loan (deduped against volume peers).
Lenders active in Otero County
First National Bank Colorado funded 38 of the 301 loans originated in Otero County, 12.6% of the county. 79 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | First National Bank Colorado | 38 | 12.6% |
| 2 | Rocket Mortgage | 35 | 11.6% |
| 3 | United Wholesale Mortgage | 26 | 8.6% |
| 4 | Ent Credit Union (68671) | 16 | 5.3% |
| 5 | Us Bank, N.A. | 14 | 4.7% |
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; does not constitute financial advice for Otero County borrowers.
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 Otero County 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. 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.