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2024 data HMDA 2024 disclosure official source

Hidalgo County

50 mortgage applications, 44.0% denial rate. Verify FIPS 35023 with U.S. Census Bureau →

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New Mexico · FIPS 35023

Local mortgage market. Hidalgo County, New Mexico saw 50 HMDA-reported mortgage applications in 2024. Lenders originated 15 of those loans and denied 22, producing a denial rate of 44.0% and an approval (origination) rate of 30.0%. The average loan amount was $112,200 at an average note rate of 7.90%, with applicants self-reporting average annual income of $34K. 10 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.3x, meaning typical borrowers took on mortgages of about 3.3 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.

FIPS 35023 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

50
Applications
15
Originated
44.0%
Denial Rate
30.0%
Approval Rate
$112,200
Avg Loan Amount
7.90%
Avg Interest Rate
$34K
Avg Applicant Income
3.3x
Loan-to-Income Ratio

Nearby Lenders in Hidalgo 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 21st Mortgage 4 26.7%
2 Fairway Independent Mort CORP 2 13.3%
3 Wells Fargo Bank NA 2 13.3%
4 PRIMELENDING 1 6.7%
5 Waterstone Mortgage Corporation 1 6.7%
Compare 21st Mortgage vs Fairway Independent Mort CORP →

Frequently Asked Questions

How many mortgage applications were filed in Hidalgo County?
In the 2024 HMDA reporting year, 50 mortgage applications were filed in Hidalgo County, New Mexico. Of these, 15 were originated (approved and funded), while 22 were denied, resulting in a denial rate of 44.0%.
What is the mortgage denial rate in Hidalgo County?
The mortgage denial rate in Hidalgo County is 44.0%. The approval (origination) rate is 30.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Hidalgo County?
The average mortgage loan amount in Hidalgo County is $112,200. The average interest rate is 7.896%. The average applicant income is $34K.
What is the loan-to-income ratio in Hidalgo County?
The average loan-to-income ratio in Hidalgo County is 3.3x, meaning borrowers took on loans averaging 3.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Hidalgo County?
The top mortgage lenders in Hidalgo County by origination volume are 21st Mortgage, Fairway Independent Mort CORP, Wells Fargo Bank NA. In total, 10 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.