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2024 data HMDA 2024 disclosure official source

San Miguel County

377 mortgage applications, 11.9% denial rate. Verify FIPS 08113 with U.S. Census Bureau →

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Colorado · FIPS 08113

Local mortgage market. San Miguel County, Colorado saw 377 HMDA-reported mortgage applications in 2024. Lenders originated 204 of those loans and denied 45, producing a denial rate of 11.9% and an approval (origination) rate of 54.1%. The average loan amount was $930,597 at an average note rate of 7.35%, with applicants self-reporting average annual income of $36K. 67 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 25.8x, meaning typical borrowers took on mortgages of about 25.8 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 08113 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

377
Applications
204
Originated
11.9%
Denial Rate
54.1%
Approval Rate
$930,597
Avg Loan Amount
7.35%
Avg Interest Rate
$36K
Avg Applicant Income
25.8x
Loan-to-Income Ratio

Nearby Lenders in San Miguel 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 45 22.1%
2 United Wholesale Mortgage 16 7.8%
3 JPMorgan Chase Bank, NA 12 5.9%
4 NBH Bank 9 4.4%
5 ANB Bank 8 3.9%
Compare Alpine Bank vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in San Miguel County?
In the 2024 HMDA reporting year, 377 mortgage applications were filed in San Miguel County, Colorado. Of these, 204 were originated (approved and funded), while 45 were denied, resulting in a denial rate of 11.9%.
What is the mortgage denial rate in San Miguel County?
The mortgage denial rate in San Miguel County is 11.9%. The approval (origination) rate is 54.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in San Miguel County?
The average mortgage loan amount in San Miguel County is $930,597. The average interest rate is 7.354%. The average applicant income is $36K.
What is the loan-to-income ratio in San Miguel County?
The average loan-to-income ratio in San Miguel County is 25.8x, meaning borrowers took on loans averaging 25.8 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in San Miguel County?
The top mortgage lenders in San Miguel County by origination volume are Alpine Bank, United Wholesale Mortgage, JPMorgan Chase Bank, NA. In total, 67 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.