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2024 data HMDA 2024 disclosure official source

Herkimer County

1,630 mortgage applications, 20.9% denial rate. Verify FIPS 36043 with U.S. Census Bureau →

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New York · FIPS 36043

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.

FIPS 36043 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,630
Applications
951
Originated
20.9%
Denial Rate
58.3%
Approval Rate
$141,239
Avg Loan Amount
6.85%
Avg Interest Rate
$37K
Avg Applicant Income
3.8x
Loan-to-Income Ratio

Nearby Lenders in Herkimer 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 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%
Compare First Source Federal Credit Un vs Americu Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Herkimer County?
In the 2024 HMDA reporting year, 1,630 mortgage applications were filed in Herkimer County, New York. Of these, 951 were originated (approved and funded), while 341 were denied, resulting in a denial rate of 20.9%.
What is the mortgage denial rate in Herkimer County?
The mortgage denial rate in Herkimer County is 20.9%. The approval (origination) rate is 58.3%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Herkimer County?
The average mortgage loan amount in Herkimer County is $141,239. The average interest rate is 6.849%. The average applicant income is $37K.
What is the loan-to-income ratio in Herkimer County?
The average loan-to-income ratio in Herkimer County is 3.8x, meaning borrowers took on loans averaging 3.8 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Herkimer County?
The top mortgage lenders in Herkimer County by origination volume are First Source Federal Credit Un, Americu Credit Union, Plaza Home Mortgage, INC. In total, 91 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.