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2024 data HMDA 2024 disclosure official source

Clay County

406 mortgage applications, 31.0% denial rate. Verify FIPS 01027 with U.S. Census Bureau →

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Alabama · FIPS 01027

Local mortgage market. Clay County, Alabama saw 406 HMDA-reported mortgage applications in 2024. Lenders originated 135 of those loans and denied 126, producing a denial rate of 31.0% and an approval (origination) rate of 33.3%. The average loan amount was $140,591 at an average note rate of 7.46%, with applicants self-reporting average annual income of $36K. 64 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.9x, meaning typical borrowers took on mortgages of about 3.9 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 01027 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

406
Applications
135
Originated
31.0%
Denial Rate
33.3%
Approval Rate
$140,591
Avg Loan Amount
7.46%
Avg Interest Rate
$36K
Avg Applicant Income
3.9x
Loan-to-Income Ratio

Nearby Lenders in Clay 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 Fairway Independent Mort CORP 10 7.4%
2 21st Mortgage 7 5.2%
3 Peoples Mortgage Company 7 5.2%
4 Vanderbilt Mortgage and Finance, INC 7 5.2%
5 First Bank of Alabama 6 4.4%
Compare Fairway Independent Mort CORP vs 21st Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Clay County?
In the 2024 HMDA reporting year, 406 mortgage applications were filed in Clay County, Alabama. Of these, 135 were originated (approved and funded), while 126 were denied, resulting in a denial rate of 31.0%.
What is the mortgage denial rate in Clay County?
The mortgage denial rate in Clay County is 31.0%. The approval (origination) rate is 33.3%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Clay County?
The average mortgage loan amount in Clay County is $140,591. The average interest rate is 7.460%. The average applicant income is $36K.
What is the loan-to-income ratio in Clay County?
The average loan-to-income ratio in Clay County is 3.9x, meaning borrowers took on loans averaging 3.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Clay County?
The top mortgage lenders in Clay County by origination volume are Fairway Independent Mort CORP, 21st Mortgage, Peoples Mortgage Company. In total, 64 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.