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2024 data HMDA 2024 disclosure official source

Lea County

2,153 mortgage applications, 20.5% denial rate. Verify FIPS 35025 with U.S. Census Bureau →

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New Mexico · FIPS 35025

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.

FIPS 35025 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,153
Applications
788
Originated
20.5%
Denial Rate
36.6%
Approval Rate
$191,461
Avg Loan Amount
7.13%
Avg Interest Rate
$37K
Avg Applicant Income
5.2x
Loan-to-Income Ratio

Nearby Lenders in Lea 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 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%
Compare Paramount Residential Mortgage vs Geneva Financial LLC →

Frequently Asked Questions

How many mortgage applications were filed in Lea County?
In the 2024 HMDA reporting year, 2,153 mortgage applications were filed in Lea County, New Mexico. Of these, 788 were originated (approved and funded), while 442 were denied, resulting in a denial rate of 20.5%.
What is the mortgage denial rate in Lea County?
The mortgage denial rate in Lea County is 20.5%. The approval (origination) rate is 36.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Lea County?
The average mortgage loan amount in Lea County is $191,461. The average interest rate is 7.128%. The average applicant income is $37K.
What is the loan-to-income ratio in Lea County?
The average loan-to-income ratio in Lea County is 5.2x, meaning borrowers took on loans averaging 5.2 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Lea County?
The top mortgage lenders in Lea County by origination volume are Paramount Residential Mortgage, Geneva Financial LLC, PRIMELENDING. In total, 98 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.