Lea County
New Mexico · FIPS 35025
According to CFPB HMDA 2024 application volume among U.S. counties, Lea County ranks #896 of 3,210, and #9 of 33 in New Mexico.
Mortgage lending activity in Lea 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. Lea County, New Mexico saw 2,153 HMDA-reported mortgage applications in 2024. Lenders originated 788 of those loans and denied 442, producing a denial rate of 20.5% and an approval (origination) rate of 36.6%. The average loan amount was $191,461 at an average note rate of 7.13%, with applicants self-reporting average annual income of $37K. 98 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 5.2x, meaning typical borrowers took on mortgages of about 5.2 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 Lea County
In Lea County, lead originator Paramount Residential Mortgage funded 15.7% of 788 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 35.0% 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 Lea County's 2,153 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Lea County's $191,461 average loan (deduped against volume peers).
Lenders active in Lea County
Paramount Residential Mortgage funded 124 of the 788 loans originated in Lea County, 15.7% of the county. 98 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Paramount Residential Mortgage | 124 | 15.7% |
| 2 | Geneva Financial LLC | 79 | 10.0% |
| 3 | PRIMELENDING | 73 | 9.3% |
| 4 | 21st Mortgage | 68 | 8.6% |
| 5 | Crosscountry Mortgage, LLC | 56 | 7.1% |
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 Lea 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 Lea 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.