Sandoval County
New Mexico · FIPS 35043
According to CFPB HMDA 2024 application volume among U.S. counties, Sandoval County ranks #326 of 3,223, and #2 of 33 in New Mexico.
Mortgage lending activity in Sandoval 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. Sandoval County, New Mexico lenders denied 1,334 of the applications reported here, financing the rest at an average note rate of 6.94%, with applicants self-reporting average annual income of $39K. 217 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 6.6x, meaning typical borrowers took on mortgages of about 6.6 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Sandoval County
In Sandoval County, lead originator Waterstone Mortgage Corporation funded only 6.4% of 4,662 originated loans, below the county fleet's lower tercile (~10.9% top-1 share). The top three reporters together hold 17.9% of the book, so shopping across channels still meets many active filers.
Counties With Similar Application Volume
Nationwide counties nearest to Sandoval County's 8,755 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Sandoval County's $256,379 average loan (deduped against volume peers).
Lenders active in Sandoval County
Waterstone Mortgage Corporation funded 299 of the 4,662 loans originated in Sandoval County, 6.4% of the county. 217 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Waterstone Mortgage Corporation | 299 | 6.4% |
| 2 | United Wholesale Mortgage | 268 | 5.7% |
| 3 | Rocket Mortgage | 267 | 5.7% |
| 4 | Guild Mortgage Company | 259 | 5.6% |
| 5 | Nusenda Federal Credit Union | 245 | 5.3% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Sandoval 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 Sandoval 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.