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2024 data HMDA 2024 disclosure official source

McKinley County

819 mortgage applications, 41.5% denial rate. Verify FIPS 35031 with U.S. Census Bureau →

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New Mexico · FIPS 35031

Local mortgage market. McKinley County, New Mexico saw 819 HMDA-reported mortgage applications in 2024. Lenders originated 221 of those loans and denied 340, producing a denial rate of 41.5% and an approval (origination) rate of 27.0%. The average loan amount was $133,999 at an average note rate of 7.53%, with applicants self-reporting average annual income of $37K. 42 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.6x, meaning typical borrowers took on mortgages of about 3.6 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 35031 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

819
Applications
221
Originated
41.5%
Denial Rate
27.0%
Approval Rate
$133,999
Avg Loan Amount
7.53%
Avg Interest Rate
$37K
Avg Applicant Income
3.6x
Loan-to-Income Ratio

Nearby Lenders in McKinley 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 Waterstone Mortgage Corporation 29 13.1%
2 Vanderbilt Mortgage and Finance, INC 28 12.7%
3 Bank of Colorado 26 11.8%
4 Rocket Mortgage 24 10.9%
5 Calcon Mutual Mortgage LLC 12 5.4%
Compare Waterstone Mortgage Corporation vs Vanderbilt Mortgage and Finance, INC →

Frequently Asked Questions

How many mortgage applications were filed in McKinley County?
In the 2024 HMDA reporting year, 819 mortgage applications were filed in McKinley County, New Mexico. Of these, 221 were originated (approved and funded), while 340 were denied, resulting in a denial rate of 41.5%.
What is the mortgage denial rate in McKinley County?
The mortgage denial rate in McKinley County is 41.5%. The approval (origination) rate is 27.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in McKinley County?
The average mortgage loan amount in McKinley County is $133,999. The average interest rate is 7.526%. The average applicant income is $37K.
What is the loan-to-income ratio in McKinley County?
The average loan-to-income ratio in McKinley County is 3.6x, meaning borrowers took on loans averaging 3.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in McKinley County?
The top mortgage lenders in McKinley County by origination volume are Waterstone Mortgage Corporation, Vanderbilt Mortgage and Finance, INC, Bank of Colorado. In total, 42 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.