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2024 data HMDA 2024 disclosure official source

Phillips County

133 mortgage applications, 21.8% denial rate. Verify FIPS 08095 with U.S. Census Bureau →

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Colorado · FIPS 08095

Local mortgage market. Phillips County, Colorado saw 133 HMDA-reported mortgage applications in 2024. Lenders originated 68 of those loans and denied 29, producing a denial rate of 21.8% and an approval (origination) rate of 51.1%. The average loan amount was $181,992 at an average note rate of 6.94%, with applicants self-reporting average annual income of $40K. 26 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.5x, meaning typical borrowers took on mortgages of about 4.5 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 08095 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

133
Applications
68
Originated
21.8%
Denial Rate
51.1%
Approval Rate
$181,992
Avg Loan Amount
6.94%
Avg Interest Rate
$40K
Avg Applicant Income
4.5x
Loan-to-Income Ratio

Nearby Lenders in Phillips 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 Bank of Colorado 16 23.5%
2 Guild Mortgage Company 10 14.7%
3 Equitable Savings & Loan Assoc 7 10.3%
4 Rocket Mortgage 4 5.9%
5 BMO Harris Bank NA 4 5.9%
Compare Bank of Colorado vs Guild Mortgage Company →

Frequently Asked Questions

How many mortgage applications were filed in Phillips County?
In the 2024 HMDA reporting year, 133 mortgage applications were filed in Phillips County, Colorado. Of these, 68 were originated (approved and funded), while 29 were denied, resulting in a denial rate of 21.8%.
What is the mortgage denial rate in Phillips County?
The mortgage denial rate in Phillips County is 21.8%. The approval (origination) rate is 51.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Phillips County?
The average mortgage loan amount in Phillips County is $181,992. The average interest rate is 6.942%. The average applicant income is $40K.
What is the loan-to-income ratio in Phillips County?
The average loan-to-income ratio in Phillips County is 4.5x, meaning borrowers took on loans averaging 4.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Phillips County?
The top mortgage lenders in Phillips County by origination volume are Bank of Colorado, Guild Mortgage Company, Equitable Savings & Loan Assoc. In total, 26 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.