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2024 data HMDA 2024 disclosure official source

Montgomery County

1,351 mortgage applications, 21.8% denial rate. Verify FIPS 36057 with U.S. Census Bureau →

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New York · FIPS 36057

Local mortgage market. Montgomery County, New York saw 1,351 HMDA-reported mortgage applications in 2024. Lenders originated 688 of those loans and denied 294, producing a denial rate of 21.8% and an approval (origination) rate of 50.9%. The average loan amount was $143,964 at an average note rate of 7.07%, with applicants self-reporting average annual income of $38K. 98 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 36057 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,351
Applications
688
Originated
21.8%
Denial Rate
50.9%
Approval Rate
$143,964
Avg Loan Amount
7.07%
Avg Interest Rate
$38K
Avg Applicant Income
3.8x
Loan-to-Income Ratio

Nearby Lenders in Montgomery 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 Broadview Federal Credit Union 76 11.0%
2 Homestead Funding Corp. 72 10.5%
3 Nbt Bank NA 53 7.7%
4 Community Bank, N.A. 52 7.6%
5 Rocket Mortgage 39 5.7%
Compare Broadview Federal Credit Union vs Homestead Funding Corp. →

Frequently Asked Questions

How many mortgage applications were filed in Montgomery County?
In the 2024 HMDA reporting year, 1,351 mortgage applications were filed in Montgomery County, New York. Of these, 688 were originated (approved and funded), while 294 were denied, resulting in a denial rate of 21.8%.
What is the mortgage denial rate in Montgomery County?
The mortgage denial rate in Montgomery County is 21.8%. The approval (origination) rate is 50.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Montgomery County?
The average mortgage loan amount in Montgomery County is $143,964. The average interest rate is 7.066%. The average applicant income is $38K.
What is the loan-to-income ratio in Montgomery County?
The average loan-to-income ratio in Montgomery 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 Montgomery County?
The top mortgage lenders in Montgomery County by origination volume are Broadview Federal Credit Union, Homestead Funding Corp., Nbt Bank NA. In total, 98 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.