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2024 data HMDA 2024 disclosure official source

Otero County

2,197 mortgage applications, 17.4% denial rate. Verify FIPS 35035 with U.S. Census Bureau →

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New Mexico · FIPS 35035

Local mortgage market. Otero County, New Mexico saw 2,197 HMDA-reported mortgage applications in 2024. Lenders originated 1,037 of those loans and denied 382, producing a denial rate of 17.4% and an approval (origination) rate of 47.2%. The average loan amount was $186,479 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.

FIPS 35035 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,197
Applications
1,037
Originated
17.4%
Denial Rate
47.2%
Approval Rate
$186,479
Avg Loan Amount
6.87%
Avg Interest Rate
$38K
Avg Applicant Income
4.9x
Loan-to-Income Ratio

Nearby Lenders in Otero 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 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%
Compare Gateway First Bank vs Click n' Close, Inc. →

Frequently Asked Questions

How many mortgage applications were filed in Otero County?
In the 2024 HMDA reporting year, 2,197 mortgage applications were filed in Otero County, New Mexico. Of these, 1,037 were originated (approved and funded), while 382 were denied, resulting in a denial rate of 17.4%.
What is the mortgage denial rate in Otero County?
The mortgage denial rate in Otero County is 17.4%. The approval (origination) rate is 47.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Otero County?
The average mortgage loan amount in Otero County is $186,479. The average interest rate is 6.871%. The average applicant income is $38K.
What is the loan-to-income ratio in Otero County?
The average loan-to-income ratio in Otero County is 4.9x, meaning borrowers took on loans averaging 4.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Otero County?
The top mortgage lenders in Otero County by origination volume are Gateway First Bank, Click n' Close, Inc., Rocket Mortgage. In total, 126 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.