Otero County
New Mexico · FIPS 35035
According to CFPB HMDA 2024 application volume among U.S. counties, Otero County ranks #892 of 3,223, and #7 of 33 in New Mexico.
Mortgage lending activity in Otero 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. Otero County, New Mexico lenders denied 382 of the applications reported here, financing the rest at an average note rate of 6.87%, with applicants self-reporting average annual income of $38K. 126 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 4.9x, meaning typical borrowers took on mortgages of about 4.9 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 Otero County
In Otero County, lead originator Gateway First Bank funded 12.2% of 1,037 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 30.2% 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 Otero County's 2,197 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Otero County's $186,479 average loan (deduped against volume peers).
Lenders active in Otero County
Gateway First Bank funded 126 of the 1,037 loans originated in Otero County, 12.2% of the county. 126 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Gateway First Bank | 126 | 12.2% |
| 2 | Click n' Close, Inc. | 110 | 10.6% |
| 3 | Rocket Mortgage | 77 | 7.4% |
| 4 | 21st Mortgage | 63 | 6.1% |
| 5 | Mortgage Research Center | 61 | 5.9% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Otero County, from the FFIEC/CFPB HMDA Snapshot National Loan-Level Dataset (2024) -- county FIPS codes follow U.S. Census Bureau standards. Not financial advice for Otero County borrowers. 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.