Herkimer County
New York · FIPS 36043
According to CFPB HMDA 2024 application volume among U.S. counties, Herkimer County ranks #1,052 of 3,210, and #39 of 62 in New York.
Mortgage lending activity in Herkimer County, New York 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. Herkimer County, New York saw 1,630 HMDA-reported mortgage applications in 2024. Lenders originated 951 of those loans and denied 341, producing a denial rate of 20.9% and an approval (origination) rate of 58.3%. The average loan amount was $141,239 at an average note rate of 6.85%, with applicants self-reporting average annual income of $37K. 91 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 3.8x, meaning typical borrowers took on mortgages of about 3.8 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 Herkimer County
In Herkimer County, lead originator First Source Federal Credit Un funded 22.8% of 951 originated loans, above the county fleet's upper tercile (~16.7% top-1). The top three reporters together hold 40.5% of the book, so a handful of names dominate disclosed volume here.
Counties With Similar Application Volume
Nationwide counties nearest to Herkimer County's 1,630 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Herkimer County's $141,239 average loan (deduped against volume peers).
Lenders active in Herkimer County
First Source Federal Credit Un funded 217 of the 951 loans originated in Herkimer County, 22.8% of the county. 91 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | First Source Federal Credit Un | 217 | 22.8% |
| 2 | Americu Credit Union | 89 | 9.4% |
| 3 | Plaza Home Mortgage, INC | 79 | 8.3% |
| 4 | GPO Federal Credit Union | 69 | 7.3% |
| 5 | M&T Bank | 50 | 5.3% |
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; does not constitute financial advice for Herkimer County borrowers.
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 Herkimer County 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. 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.