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2024 data HMDA 2024 disclosure official source

Essex County

970 mortgage applications, 17.4% denial rate. Verify FIPS 36031 with U.S. Census Bureau →

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New York · FIPS 36031

Local mortgage market. Essex County, New York saw 970 HMDA-reported mortgage applications in 2024. Lenders originated 572 of those loans and denied 169, producing a denial rate of 17.4% and an approval (origination) rate of 59.0%. The average loan amount was $267,979 at an average note rate of 6.92%, with applicants self-reporting average annual income of $36K. 93 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 7.4x, meaning typical borrowers took on mortgages of about 7.4 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 36031 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

970
Applications
572
Originated
17.4%
Denial Rate
59.0%
Approval Rate
$267,979
Avg Loan Amount
6.92%
Avg Interest Rate
$36K
Avg Applicant Income
7.4x
Loan-to-Income Ratio

Nearby Lenders in Essex 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 Community Bank, N.A. 122 21.3%
2 Rocket Mortgage 64 11.2%
3 Glens Falls National Bank 41 7.2%
4 Guaranteed Rate, INC. 25 4.4%
5 Nbt Bank NA 25 4.4%
Compare Community Bank, N.A. vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Essex County?
In the 2024 HMDA reporting year, 970 mortgage applications were filed in Essex County, New York. Of these, 572 were originated (approved and funded), while 169 were denied, resulting in a denial rate of 17.4%.
What is the mortgage denial rate in Essex County?
The mortgage denial rate in Essex County is 17.4%. The approval (origination) rate is 59.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Essex County?
The average mortgage loan amount in Essex County is $267,979. The average interest rate is 6.918%. The average applicant income is $36K.
What is the loan-to-income ratio in Essex County?
The average loan-to-income ratio in Essex County is 7.4x, meaning borrowers took on loans averaging 7.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Essex County?
The top mortgage lenders in Essex County by origination volume are Community Bank, N.A., Rocket Mortgage, Glens Falls National Bank. In total, 93 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.