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2024 data HMDA 2024 disclosure official source

Valencia County

3,739 mortgage applications, 18.4% denial rate. Verify FIPS 35061 with U.S. Census Bureau →

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New Mexico · FIPS 35061

Local mortgage market. Valencia County, New Mexico saw 3,739 HMDA-reported mortgage applications in 2024. Lenders originated 1,840 of those loans and denied 689, producing a denial rate of 18.4% and an approval (origination) rate of 49.2%. The average loan amount was $201,542 at an average note rate of 6.64%, with applicants self-reporting average annual income of $39K. 149 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.2x, meaning typical borrowers took on mortgages of about 5.2 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 35061 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

3,739
Applications
1,840
Originated
18.4%
Denial Rate
49.2%
Approval Rate
$201,542
Avg Loan Amount
6.64%
Avg Interest Rate
$39K
Avg Applicant Income
5.2x
Loan-to-Income Ratio

Nearby Lenders in Valencia 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 Primary Residential Mortgage, INC. 148 8.0%
2 Guild Mortgage Company 147 8.0%
3 Waterstone Mortgage Corporation 129 7.0%
4 Nusenda Federal Credit Union 101 5.5%
5 Rocket Mortgage 100 5.4%
Compare Primary Residential Mortgage, INC. vs Guild Mortgage Company →

Frequently Asked Questions

How many mortgage applications were filed in Valencia County?
In the 2024 HMDA reporting year, 3,739 mortgage applications were filed in Valencia County, New Mexico. Of these, 1,840 were originated (approved and funded), while 689 were denied, resulting in a denial rate of 18.4%.
What is the mortgage denial rate in Valencia County?
The mortgage denial rate in Valencia County is 18.4%. The approval (origination) rate is 49.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Valencia County?
The average mortgage loan amount in Valencia County is $201,542. The average interest rate is 6.643%. The average applicant income is $39K.
What is the loan-to-income ratio in Valencia County?
The average loan-to-income ratio in Valencia County is 5.2x, meaning borrowers took on loans averaging 5.2 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Valencia County?
The top mortgage lenders in Valencia County by origination volume are Primary Residential Mortgage, INC., Guild Mortgage Company, Waterstone Mortgage Corporation. In total, 149 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.