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Sierra County, New Mexico
Mortgage lending record for properties in the county, calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Lenders reported 388 mortgage applications in Sierra County, New Mexico, for 2024, and originated 175 loans worth $27m.
That is 32.2 originations per 1,000 households, against 43.7 for New Mexico and 48.0 nationally.
The county's denial rate was 29.5%, above the state rate of 25.7%. The median rate spread on originated loans was 0.7 percentage points and 29.9% of originations were 1.5 points or more above the average prime offer rate.
4 lenders reached 25 applications in the county; the most active by originations were Waterstone Mortgage Corporation (37), Rocket Mortgage (14) and Guild Mortgage Company (9).
Originations were up 7% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Waterstone Mortgage Corporation | 55 | 37 | $5.0m | 9.8% | — |
| 2 | Rocket Mortgage | 29 | 14 | $2.7m | — | — |
| 3 | Guild Mortgage Company | 27 | 9 | $1.3m | — | — |
| 4 | 21st Mortgage | 30 | 4 | $560k | — | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 4. Denial rate is denials over decided applications in this county.
Compared with New Mexico and the nation
| Measure | This county | New Mexico | United States |
|---|---|---|---|
| Denial rate | 29.5% | 25.7% | 24.3% |
| Median rate spread, pp | 0.7 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 29.9% | 22.3% | 15.6% |
| Average originated loan | $156k | $247k | $329k |
| Originations per 1,000 households | 32.2 | 43.7 | 48.0 |
| Home purchase share of originations | 65.1% | 62.7% | 57.0% |
| FHA-insured share | 20.6% | 17.8% | 13.4% |
| VA-guaranteed share | 13.7% | 12.0% | 7.9% |
Rate spread distribution
Share of 134 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: New Mexico). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.
Loan purpose and loan type
By purpose
Home purchase 65% (114)Home improvement 3% (6)Refinancing 12% (21)Cash-out refinancing 13% (22)Other purpose 7% (12)
By type
Conventional 66% (115)FHA 21% (36)VA 14% (24)
Trend by year
ApplicationsOriginations
This countyNew Mexico
Questions and answers
Which lenders are most active in Sierra County, NM?
By 2024 originations: Waterstone Mortgage Corporation (37), Rocket Mortgage (14), Guild Mortgage Company (9), 21st Mortgage (4). 4 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Sierra County?
29.5% of decided applications were denied in 2024, against 25.7% across New Mexico and 24.3% nationally.
How many mortgages were originated in Sierra County in 2024?
175 loans totalling $27m, from 388 applications; 32.2 originations per 1,000 households.
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 35051; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.