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2024 data HMDA 2024 disclosure official source

Sierra County

412 mortgage applications, 19.7% denial rate. Verify FIPS 35051 with U.S. Census Bureau →

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New Mexico · FIPS 35051

Local mortgage market. Sierra County, New Mexico saw 412 HMDA-reported mortgage applications in 2024. Lenders originated 175 of those loans and denied 81, producing a denial rate of 19.7% and an approval (origination) rate of 42.5%. The average loan amount was $150,316 at an average note rate of 6.85%, with applicants self-reporting average annual income of $37K. 46 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.1x, meaning typical borrowers took on mortgages of about 4.1 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 35051 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

412
Applications
175
Originated
19.7%
Denial Rate
42.5%
Approval Rate
$150,316
Avg Loan Amount
6.85%
Avg Interest Rate
$37K
Avg Applicant Income
4.1x
Loan-to-Income Ratio

Nearby Lenders in Sierra 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 37 21.1%
2 Rocket Mortgage 14 8.0%
3 Gateway First Bank 12 6.9%
4 Bank of the Southwest 10 5.7%
5 Mortgage Research Center 9 5.1%
Compare Waterstone Mortgage Corporation vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Sierra County?
In the 2024 HMDA reporting year, 412 mortgage applications were filed in Sierra County, New Mexico. Of these, 175 were originated (approved and funded), while 81 were denied, resulting in a denial rate of 19.7%.
What is the mortgage denial rate in Sierra County?
The mortgage denial rate in Sierra County is 19.7%. The approval (origination) rate is 42.5%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Sierra County?
The average mortgage loan amount in Sierra County is $150,316. The average interest rate is 6.854%. The average applicant income is $37K.
What is the loan-to-income ratio in Sierra County?
The average loan-to-income ratio in Sierra County is 4.1x, meaning borrowers took on loans averaging 4.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Sierra County?
The top mortgage lenders in Sierra County by origination volume are Waterstone Mortgage Corporation, Rocket Mortgage, Gateway First Bank. In total, 46 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.