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2024 data HMDA 2024 disclosure official source

Multnomah County

22,963 mortgage applications, 14.2% denial rate. Verify FIPS 41051 with U.S. Census Bureau →

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Oregon · FIPS 41051

Local mortgage market. Multnomah County, Oregon saw 22,963 HMDA-reported mortgage applications in 2024. Lenders originated 12,719 of those loans and denied 3,257, producing a denial rate of 14.2% and an approval (origination) rate of 55.4%. The average loan amount was $370,626 at an average note rate of 7.31%, with applicants self-reporting average annual income of $38K. 383 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 9.8x, meaning typical borrowers took on mortgages of about 9.8 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 41051 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

22,963
Applications
12,719
Originated
14.2%
Denial Rate
55.4%
Approval Rate
$370,626
Avg Loan Amount
7.31%
Avg Interest Rate
$38K
Avg Applicant Income
9.8x
Loan-to-Income Ratio

Nearby Lenders in Multnomah 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 OnPoint Community Credit Union 2,252 17.7%
2 United Wholesale Mortgage 809 6.4%
3 Guild Mortgage Company 665 5.2%
4 Rocket Mortgage 431 3.4%
5 Rivermark Community Credit Union 388 3.1%
Compare OnPoint Community Credit Union vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Multnomah County?
In the 2024 HMDA reporting year, 22,963 mortgage applications were filed in Multnomah County, Oregon. Of these, 12,719 were originated (approved and funded), while 3,257 were denied, resulting in a denial rate of 14.2%.
What is the mortgage denial rate in Multnomah County?
The mortgage denial rate in Multnomah County is 14.2%. The approval (origination) rate is 55.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Multnomah County?
The average mortgage loan amount in Multnomah County is $370,626. The average interest rate is 7.311%. The average applicant income is $38K.
What is the loan-to-income ratio in Multnomah County?
The average loan-to-income ratio in Multnomah County is 9.8x, meaning borrowers took on loans averaging 9.8 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Multnomah County?
The top mortgage lenders in Multnomah County by origination volume are OnPoint Community Credit Union, United Wholesale Mortgage, Guild Mortgage Company. In total, 383 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.