Colfax County
New Mexico · FIPS 35007
According to CFPB HMDA 2024 application volume among U.S. counties, Colfax County ranks #2,028 of 3,210, and #21 of 33 in New Mexico.
Mortgage lending activity in Colfax County, New Mexico 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. Colfax County, New Mexico saw 500 HMDA-reported mortgage applications in 2024. Lenders originated 235 of those loans and denied 111, producing a denial rate of 22.2% and an approval (origination) rate of 47.0%. The average loan amount was $263,000 at an average note rate of 6.97%, with applicants self-reporting average annual income of $36K. 84 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 7.3x, meaning typical borrowers took on mortgages of about 7.3 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 Colfax County
In Colfax County, lead originator Guild Mortgage Company funded 12.3% of 235 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 27.7% 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 Colfax County's 500 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Colfax County's $263,000 average loan (deduped against volume peers).
Lenders active in Colfax County
Guild Mortgage Company funded 29 of the 235 loans originated in Colfax County, 12.3% of the county. 84 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Guild Mortgage Company | 29 | 12.3% |
| 2 | Rocket Mortgage | 27 | 11.5% |
| 3 | Htlf Bank | 9 | 3.8% |
| 4 | Mortgage Research Center | 9 | 3.8% |
| 5 | Guaranteed Rate, INC. | 8 | 3.4% |
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 Colfax 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 Colfax 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.